[三季报]九阳股份(002242):九阳股份有限公司2024年第三季度报告英文版
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时间：2024年10月31日 00:06:40 中财网 |
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原标题: 九阳股份: 九阳股份有限公司2024年第三季度报告英文版
Ticker: 002242 Stock Abbreviation: Joyoung
Joyoung Co., Ltd.
Interim Report of the Third Quarter 2024
The Company and all members of the Board of Directors have guaranteed that the information disclosed is true, accurate
and complete, and contains no false record, misleading statements or material omissions.Important notes:
Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior management staff of Joyoung Co., Ltd. (hereinafter referred to as the “Company”) have guaranteed that this
Report contains no false record, misleading statement or material omission and shall be jointly and severally
liable for the factuality, accuracy and completeness of the information given in this Report. CEO of the Company, CFO of the Company, and Chief Accountant of Accounting Institution, declared that
the quarterly financial statements should be true, accurate and complete. In case of any discrepancy, the Chinese version of the report shall prevail. Whether the third quarterly report was audited
□ Yes √ No
I. Key Accounting Data and Financial Indicators
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data □Yes√ No
| | From 1 July 2024 to
30 September 2024 | YoY Change | From 1 January
2024 to 30
September 2024 | YoY Change | | Operating revenues (RMB Yuan) | 1,795,401,886.07 | -27.12% | 6,182,055,590.30 | -8.84% | | Net profits attributable to shareholders of the Company
(RMB Yuan) | -77,328,704.46 | -166.46% | 98,063,944.12 | -73.02% | | Net profits attributable to shareholders of the Company
before non-recurring gains and losses (RMB Yuan) | -81,396,143.29 | -172.45% | 129,904,193.03 | -61.62% | | Net cash flow from operating activities (RMB Yuan) | — | — | 416,958,032.06 | -2.37% | | Basic earnings per share (RMB Yuan /share) | -0.10 | -162.50% | 0.13 | -73.47% | | Diluted earnings per share (RMB Yuan /share) | -0.10 | -162.50% | 0.13 | -73.47% | | Weighted average return on net assets | -2.20% | Decreased by
5.61 percent point | 2.83% | Decreased by
7.92 percent point | | | 30 September 2024 | 31 December 2023 | Flux | | | Total assets (RMB) | 7,515,021,102.80 | 7,612,080,030.42 | -1.28% | | | Net assets attributable to shareholders of the Company
(RMB) | 3,460,916,058.40 | 3,471,347,161.90 | -0.30% | |
2. Non-recurring gain and loss items and amounts thereof
√ Applicable □Not applicable
| Item | From 1 July 2024 to
30 September 2024 | From 1 January 2024
to 30 September 2024 | Note | | Profit or loss from disposal of non-current assets (including the
write off of the provision for impairment of assets) | 1,209,793.36 | 8,674,631.61 | Mainly due to gain on
disposal of equity | | Government grants included in the current profit or loss (that is
closely related to the operations of the Company, except for those
of fixed quotas or amounts according to the nationally unified
standards) | 1,353,328.43 | 11,849,646.18 | Mainly government
grants | | Gains or losses from changes in fair value arising from the
holding of trading financial assets, derivative financial assets,
trading financial liabilities and derivative financial liabilities and
investment income from the disposal of trading financial assets,
derivative financial assets, trading financial liabilities, derivative
financial liabilities and other debt investments, excluding the
effective hedging business related to the Company’s normal
business operations | 4,339,852.62 | -55,102,935.25 | Mainly due to changes
in fair value of financial
products | | Other non-operating income or expenses except the above items | -2,433,714.07 | -2,197,386.94 | | | Less: Impact of income taxes | 341,696.13 | -5,735,631.19 | | | Impact of minority interests (after tax) | 60,125.38 | 799,835.70 | | | Total | 4,067,438.83 | -31,840,248.91 | -- |
Other details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
The Company does not have other details of gain or loss items that meet the definition of non-recurring gain or loss.
For non-recurring profit or loss items listed in the Interpretative Announcement on Information Disclosure of Companies Offering
Securities to the Public No. 1 — Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company,
please provide the reasons
□ Applicable √ Not applicable
Not Applicable to the Company.
3. Changes in key accounting data and financial indicators and reasons for such changes √ Applicable □Not applicable
Unit: RMB
| Item | 30 September 2024 | 31 December 2023 | Flux | Notes | | Trading financial assets | | 5,022,027.78 | -100.00% | Mainly due to the recovery of financing products
during the period | | Goodwill | 120,156,141.45 | | 100.00% | Mainly as a result of business merger during the
period | | Notes receivable | 540,129,046.99 | 1,145,265,457.70 | -52.84% | Mainly attributable to the decrease in the collection
of notes receivable during the period | | Other receivables | 23,578,548.14 | 81,174,451.49 | -70.95% | Mainly due to collection of other receivables during
the period | | Long-term receivables | 8,799,000.00 | 5,883,450.00 | 49.56% | Mainly attributable to the increase in receivables
from equity transfers during the period | | Construction in progress | 13,076,054.68 | 8,379,340.61 | 56.05% | Mainly due to the increase in renovation projects at
the Jinan headquarter | | Right-of-use assets | 65,749,417.11 | 35,953,302.35 | 82.87% | Mainly attributable to the increase in right-of-use
assets during the period | | Deferred tax assets | 165,108,001.21 | 111,634,650.71 | 47.90% | Mainly attributable to the increase in deductible
temporary differences during the period | | Notes payable | 2,095,882,151.99 | 1,606,217,651.11 | 30.49% | Mainly attributable to an increase in the use of
notes for payment during the period | | Payroll payable | 13,486,781.73 | 139,617,024.49 | -90.34% | Mainly due to payment of year-end bonuses during
the period | | Current portion of non-current liabilities | 30,982,571.29 | 19,091,131.36 | 62.29% | Mainly as a result of the increase in lease liabilities
during the period | | Other current liabilities | 63,426,938.09 | 197,217,987.77 | -67.84% | Mainly attributable to the decrease in endorsed
bankers' acceptances not derecognized during the
period | | Lease liabilities | 35,238,253.52 | 18,213,206.13 | 93.48% | Mainly as a result of the increase in lease liabilities
during the period | | Other comprehensive income | 5,808,620.85 | 22,281,707.52 | -73.93% | Mainly as a result of differences on translation of
foreign currency financial statements | | Item | From 1 January
2024 to 30
September 2024 | From 1 January
2023 to 30
September 2023 | YoY | Note | | Other income | 32,903,497.97 | 22,115,084.98 | 48.78% | Mainly due to the increase in VAT credit for
advanced manufacturing industry in the current
period | | Investment income/(loss) | 14,176,615.31 | 38,007,947.61 | -62.70% | Mainly attributable to the decrease in investment
income from affiliated business during the period | | Gains/(Losses) on changes in fair
value | -55,102,935.25 | -2,792,536.64 | -1873.22% | Mainly due to changes in fair value of funds | | Credit impairment losses | 2,122,947.87 | -13,734,138.50 | 115.46% | Mainly attributable to the decrease in bad debts in
accounts receivable during the period | | Asset impairment losses | -2,292,486.50 | -4,283,143.29 | 46.48% | Mainly attributable to the decrease in bad debts on
prepaid expense during the period | | Losses on disposal of assets | 2,702,993.34 | 16,935,282.17 | -84.04% | Mainly due to less gain on disposal of long-term
assets during the period | | Non-operating income | 4,569,982.20 | 659,231.65 | 593.23% | The main reason is the write-off of unpayable
amounts in this period. | | Non-operating expenses | 8,065,730.87 | 4,675,912.72 | 72.50% | Mainly due to increase in donations | | Income tax expenses | -13,747,619.99 | 43,388,145.49 | -131.69% | Mainly as a result of fluctuation in profit for the
period | | Net cash flows from investing activities | 89,622,753.17 | 33,088,499.28 | 170.86% | Mainly due to the increase in investment recovery
during the period | | Net cash flows from financing activities | -164,292,598.78 | -274,331,953.65 | 40.11% | Mainly due to the decrease in dividends distribution
during the period |
II. Shareholder Information
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
| Total number of common shareholders at the end
of the Reporting Period | 41,781 | Total number of preferred shareholders with resumed
voting rights at the end of the Reporting Period (if any) | 0 | | | | | Top 10 common shareholders | | | | | | | | Name of shareholder | Nature of
shareholder | Shareholding
percentage | Total shares
held at the
period-end | Number of
restricted
shares held | Pledged or frozen shares
Status Number | | | | | | | | | Number | | Shanghai Lihong Enterprise
Management Co., Ltd. | Domestic non-
state-owned
corporation | 50.13% | 384,523,746 | 0 | N/A | 0 | | BILTING DEVELOPMENTS
LIMITED | Foreign
corporation | 16.94% | 129,924,090 | 0 | N/A | 0 | | Joyoung ESOP Plan (Phase 1) | Others | 2.09% | 16,000,000 | 0 | N/A | 0 | | Hong Kong Securities Clearing
Co., Ltd. | Foreign
corporation | 1.52% | 11,696,354 | 0 | N/A | 0 | | Central Huijin Investment Ltd. | State-owned
corporation | 1.46% | 11,201,233 | 0 | N/A | 0 | | China Universal Asset
Management Co.,Ltd - Social
Security Fund Portfolio No.423 | Others | 1.23% | 9,463,210 | 0 | N/A | 0 | | China Life Insurance Co., Ltd.-
Traditional- General Insurance
Product - 005L - CT001 SH | Others | 0.58% | 4,469,240 | 0 | N/A | 0 | | China Merchants Bank Co.,
Ltd. - Southern Asset
Management CSI 1000 ETF | Others | 0.44% | 3,410,237 | 0 | N/A | 0 | | PICC P&C-Traditional-General
Insurance Products | Others | 0.44% | 3,406,740 | 0 | N/A | 0 | | CPIC-Dividend-Personal
Dividend | Others | 0.40% | 3,045,512 | 0 | N/A | 0 | | Top 10 non-restricted common shareholders | | | | | | | | Name of shareholder | Number of non-restricted shares
held | Type of shares | | | | | | | | Type of shares | Number | | | | | Shanghai Lihong Enterprise Management Co., Ltd. | 384,523,746 | RMB common
stock | 384,523,746 | | | | | BILTING DEVELOPMENTS LIMITED | 129,924,090 | RMB common
stock | 129,924,090 | | | | | Joyoung ESOP Plan (Phase 1) | 16,000,000 | RMB common
stock | 16,000,000 | | | | | Hong Kong Securities Clearing Co., Ltd. | 11,696,354 | RMB common
stock | 11,696,354 | | | | | Central Huijin Investment Ltd. | 11,201,233 | RMB common
stock | 11,201,233 | | | | | China Universal Asset Management Co.,Ltd. - Social Security Fund | 9,463,210 | RMB common | 9,463,210 | | | |
| Portfolio No.423 | | stock | | | China Life Insurance Co., Ltd.-Traditional- General Insurance
Product - 005L - CT001 SH | 4,469,240 | RMB common
stock | 4,469,240 | | China Merchants Bank Co., Ltd. - Southern Asset Management CSI
1000 ETF | 3,410,237 | RMB common
stock | 3,410,237 | | PICC P&C-Traditional-General Insurance Products | 3,406,740 | RMB common
stock | 3,406,740 | | CPIC-Dividend-Personal Dividend | 3,045,512 | RMB common
stock | 3,045,512 | | Related or acting-in-concert parties among shareholders above | In April 2019, the shareholding structure of BILTING
DEVELOPMENTS LIMITED changed. MR. Xuning WANG, the actual
controller of the Company, became the actual controller of BILTING
DEVELOPMENTS LIMITED (See Report No. 2019-027 of the Company
on www.chinainfo.com.cn.). As a result, Shanghai Lihong Enterprise
Management Co., Ltd. and BILTING DEVELOPMENTS LIMITED, both
controlled by Mr. Xuning WANG, are defined as acting-in-concert parties
by the Administrative Measures for the Takeover of Listed Companies.
Other than the aforementioned related and acting-in-concert parties,
the Company is uncertain about whether there are related or acting-in-
concert parties among shareholders above.
In July 2024, BILTING DEVELOPMENTS LIMITED changed its
name to JS Global Capital Management Limited, which is still a party
acting in concert with the controlling shareholder of the Company,
Shanghai Lihong Enterprise Management Co., Ltd. The aforementioned
change does not involve any equity change of the Company’s controlling
shareholder and has no impact on the Company's operating activities, and
there has been no change in the Company's controlling shareholder and
de facto controller. | | | | Explanation on common shareholders participating in securities
margin trading (if any) | N/A | | | | Explanation on the existence of repurchase special accounts among
the top 10 shareholders | The number of ordinary shares held in the repurchase specialized
account of Joyoung Co., Ltd. at the end of the reporting period was
4,000,000 shares, accounting for 0.52% of the total share capital of the
Company. | | |
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with non-restricted
shares outstanding participating in the lending and transfer of shares business √Applicable □ Not applicable Unit: Share
| Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with non-restricted shares outstanding
participating in the lending and transfer of shares business | | | | | | | | | | Name of
shareholder | General and credit account
holdings at the beginning of
the period | | Shares lent on the lending
and transfer business and
not yet returned at the
beginning of the period | | General and credit account
holdings at the end of the
period | | Shares lent on the lending
and transfer facility and
not yet returned at the end
of the period | | | | Total
shares | Percentage
of total share | Total
shares | Percentage of
total share | Total
shares | Percentage
of total share | Total
Shares | Percentage
of total share | | | | capital | | capital | | capital | | capital | | China Merchants
Bank Co., Ltd. -
Southern Asset
Management CSI
1000 ETF | 356,837 | 0.05% | 83,500 | 0.01% | 3,410,237 | 0.44% | 0 | 0.00% |
Top 10 shareholders and top 10 shareholders with non-restricted shares outstanding changed from the previous
period due to lending/repatriation in the lending and transfer of shares business □ Applicable √ Not applicable
2.Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings
□ Applicable √ Not applicable
III. Other Significant Events
□ Applicable √ Not applicable
IV. Quarterly Financial Statements
1. Financial Statements
1.1 CONSOLIDATED BALANCE SHEET
Prepared by: Joyoung Co., Ltd.
30 September 2024
| Item | 30 September 2024 | 1 January 2024 | | Current assets: | | | | Cash at bank and on hand | 2,582,279,500.01 | 2,431,377,953.47 | | Deposit reservation for balance | | | | Lending funds | | | | Trading financial assets | | 5,022,027.78 | | Derivative financial assets | | | | Notes receivable | 540,129,046.99 | 1,145,265,457.70 | | Accounts receivable | 1,251,541,037.23 | 1,009,769,220.20 | | Receivables financing | 145,704,162.34 | 113,072,886.20 | | Prepaid expense | 48,926,958.34 | 40,569,709.89 | | Premium receivable | | | | Reinsurance accounts receivable | | | | Provision of cession receivable | | | | Other receivables | 23,578,548.14 | 81,174,451.49 | | Including: Interest receivable | | | | Dividend receivable | | | | Redemptory monetary capital for sale | | | | Inventories | 622,761,328.39 | 558,417,131.83 | | Including: Data Resource | | | | Contract assets | | | | Holding assets for sale | | | | | 30 September 2024 | 1 January 2024 | | | | | | | 195,937,001.48 | 242,101,070.20 | | | 5,410,857,582.92 | 5,626,769,908.76 | | | | | | | | | | | | | | | | | | | 8,799,000.00 | 5,883,450.00 | | | 149,707,878.85 | 142,801,263.54 | | | 284,813,816.98 | 290,575,197.32 | | | 423,518,526.12 | 479,448,325.26 | | | 87,531,503.34 | 94,895,832.88 | | | 584,769,270.31 | 611,365,494.86 | | | 13,076,054.68 | 8,379,340.61 | | | | | | | | | | | 65,749,417.11 | 35,953,302.35 | | | 134,120,612.30 | 117,464,913.01 | | | | | | | | | | | | | | | 120,156,141.45 | | | | 1,813,297.53 | 1,908,351.12 | | | 165,108,001.21 | 111,634,650.71 | | | 65,000,000.00 | 85,000,000.00 | | | 2,104,163,519.88 | 1,985,310,121.66 | | | 7,515,021,102.80 | 7,612,080,030.42 | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,095,882,151.99 | 1,606,217,651.11 | | | 1,384,376,478.96 | 1,713,571,450.01 | | | | | | | 236,188,057.96 | 204,341,444.90 | | | | | | | | | | | | | | | | | | | 13,486,781.73 | 139,617,024.49 | | | 54,162,612.44 | 66,870,416.50 | | | 92,658,261.67 | 119,655,990.70 | | | | | | | | | | Handling fees and commissions payable | | | | Dividend payable for reinsurance | | | | Holding liabilities for sale | | | | Current portion of non-current liabilities | 30,982,571.29 | 19,091,131.36 | | Other current liabilities | 63,426,938.09 | 197,217,987.77 | | Total current liabilities | 3,971,163,854.13 | 4,066,583,096.84 | | Non-current liabilities | | | | Reserve fund for insurance contracts | | | | Long-term borrowings | | | | | 30 September 2024 | 1 January 2024 | | Bonds payable | | | | Including: Preferred stock | | | | Perpetual bonds | | | | Lease liabilities | 35,238,253.52 | 18,213,206.13 | | Long-term payables | | | | Long-term payroll payable | | | | Accrued liabilities | 2,175,340.58 | 3,046,860.41 | | Deferred income | 6,787,152.99 | 7,757,777.97 | | Deferred tax liabilities | 27,393,218.87 | 30,232,127.06 | | Other non-current liabilities | | | | Total non-current liabilities | 71,593,965.96 | 59,249,971.57 | | Total liabilities | 4,042,757,820.09 | 4,125,833,068.41 | | Shareholders’ equity | | | | Share capital | 767,017,000.00 | 767,017,000.00 | | Other equity instruments | | | | Including: preferred stock | | | | Perpetual bond | | | | Capital surplus | 690,487,014.90 | 668,056,425.85 | | Less: Treasury stock | 68,026,879.84 | 68,026,879.84 | | Other comprehensive income | 5,808,620.85 | 22,281,707.52 | | Special reserve | | | | Surplus reserve | 397,820,873.71 | 397,820,873.71 | | General risk reserve | | | | Undistributed profits | 1,667,809,428.78 | 1,684,198,034.66 | | Total equity attributable to shareholders of the Company | 3,460,916,058.40 | 3,471,347,161.90 | | Minority interests | 11,347,224.31 | 14,899,800.11 | | Total shareholders’ equity | 3,472,263,282.71 | 3,486,246,962.01 | | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 7,515,021,102.80 | 7,612,080,030.42 |
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024 Unit: RMB
| | For the nine months ended
30 September 2024 | For the nine months ended
30 September 2023 | | Total revenue | 6,182,055,590.30 | 6,781,172,561.74 | | Including: Operating revenue | 6,182,055,590.30 | 6,781,172,561.74 | | Interest income | | | | Earned Premium | | | | Handling fees and commission income | | | | Total operating cost | 6,095,146,683.64 | 6,425,277,119.84 | | Including: Cost of sales | 4,558,203,466.76 | 5,059,468,353.71 | | Interest expense | | | | Handling fees and commission expenses | | | | Surrender value | | | | Net payments for insurance claims | | | | Net provision for insurance liability | | | | Bond insurance expense | | | | Amortized Reinsurance Expenditures | | | | Taxes and surcharges | 24,870,131.67 | 26,471,397.57 | | Selling and distribution expenses | 1,061,819,478.58 | 892,555,999.96 | | | For the nine months ended
30 September 2024 | For the nine months ended
30 September 2023 | | General and administrative expenses | 246,077,944.68 | 246,469,168.86 | | Research and development expenses | 272,308,636.26 | 253,378,153.81 | | Financial income | -68,132,974.31 | -53,065,954.07 | | Including: Interest expenses | 1,711,118.84 | 1,329,106.73 | | Interest income | 73,136,123.89 | 32,331,853.69 | | Add: Other income | 32,903,497.97 | 22,115,084.98 | | Investment income/(loss) | 14,176,615.31 | 38,007,947.61 | | Including: Investment income from associates and joint ventures | 6,906,615.31 | 30,781,830.53 | | Profits or losses arising from derecognition of financial
assets measured at amortized costs | | | | Foreign exchange gains/(losses) | | | | Net exposure to hedging gains/(losses) | | | | Gains/(Losses) on changes in fair value | -55,102,935.25 | -2,792,536.64 | | Credit impairment losses | 2,122,947.87 | -13,734,138.50 | | Asset impairment losses | -2,292,486.50 | -4,283,143.29 | | Losses on disposal of assets | 2,702,993.34 | 16,935,282.17 | | Operating profit | 81,419,539.40 | 412,143,938.23 | | Add: Non-operating income | 4,569,982.20 | 659,231.65 | | Less: Non-operating expenses | 8,065,730.87 | 4,675,912.72 | | Total profit | 77,923,790.73 | 408,127,257.16 | | Less: Income tax expenses | -13,747,619.99 | 43,388,145.49 | | Net Profit | 91,671,410.72 | 364,739,111.67 | | (1) Classified by continuity of operations | | | | Net profit from continuing operations | 91,671,410.72 | 364,739,111.67 | | Net profit from discontinued operations | | | | (2) Classified by ownership of the equity | | | | Attributable to shareholders of the Company | 98,063,944.12 | 363,513,922.70 | | Minority interests | -6,392,533.40 | 1,225,188.97 | | Other comprehensive income, net of tax | -16,473,086.67 | 7,669,789.68 | | Other comprehensive income attributable to equity owners of the Company,
net of tax | -16,473,086.67 | 7,669,789.68 | | (1) Other comprehensive income items which will not be reclassified
subsequently to profit or loss | -5,761,380.34 | 7,962,056.68 | | 1) Changes arising from remeasurement of defined benefit plan | | | | 2) Other comprehensive income that cannot be transferred to profit or loss
under the equity method | | | | 3) Changes in fair value of investments in other equity instruments | -5,761,380.34 | 7,962,056.68 | | 4) Changes in fair value of an enterprise's own credit risk | | | | 5) Others | | | | (2) Other comprehensive income items which will be reclassified
subsequently to profit or loss | -10,711,706.33 | -292,267.00 | | 1) Other comprehensive income available for transfer to profit or loss under
the equity method | | | | 2) Changes in fair value of other debt investments | | | | 3) Reclassification of financial assets to other comprehensive income | | | | 4) Provision for credit impairment of other debt investments | | | | 5) Cash flow hedge reserve | | | | Differences on translation of foreign currency financial statements | -10,711,706.33 | -292,267.00 | | Others | | | | Other comprehensive income attributable to minority shareholders, net of tax | | | | | For the nine months ended
30 September 2024 | For the nine months ended
30 September 2023 | | Total comprehensive income | 75,198,324.05 | 372,408,901.35 | | Attributable to equity owners of the Company | 81,590,857.45 | 371,183,712.38 | | Attributable to minority interests | -6,392,533.40 | 1,225,188.97 | | Earnings per share: | | | | (1) Basic earnings per share | 0.13 | 0.49 | | (2) Diluted earnings per share | 0.13 | 0.49 |
In the case of a business combination under the same control in the current period, the net income realized by the party being consolidated before （未完）
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