Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2025-056
Hangzhou Robam Appliances Co. Ltd.Q3 2025 Report
Hangzhou Robam Appliances Co. Ltd. (the Company) and all members of its Board of Directors hereby guarantee that there
are no false representations misleading statements or material omissions in this Quarterly Report (“the Report”) and the
information contained herein is authentic accurate and complete.Important Notes
1. The Board of Directors the Board of Supervisors as well as the directors supervisors and senior management of the Company
hereby guarantee that there are no false representations misleading statements or material omissions in the Report and are
severally and jointly liable for the authenticity accuracy and completeness of the information contained herein.
2. The head of the Company the person in charge of the Company’s accounting and the head of the accounting department (the
accountant in charge) hereby declare and warrant that the financial report contained in the Report is authentic accurate and
complete.
3. Whether the Q3 financial report has been audited？
□ Yes□No
1Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes□No
From the beginning of
The reporting period YoY change the year to the end of YoY change
the reporting period
Operating Income
2704212014.601.42%7311736717.86-1.14%
(RMB)
Net profit attributable
to shareholders of the 445685188.26 0.65% 1157326146.45 -3.73%
listed company (RMB)
Net profit attributable
to shareholders of the
listed company after
417748166.590.24%1059747405.50-1.37%
deducting non-
recurring gains/losses
(RMB)
Net cash flow from
operating activities — — 729194650.22 38.69%
(RMB)
Basic earnings per
share (EPS) 0.47 0.00% 1.22 -3.94%
(RMB/share)
Diluted EPS
0.470.00%1.22-3.94%
(RMB/share)
Weighted average
3.82% A decrease of 0.19% 9.98% A decrease of 1.03%
return on net assets
End of the reporting
End of last year Change
period
Total assets (RMB) 16750049401.60 17043258282.33 -1.72%
Owner's equity
attributable to
11413394766.7711178437443.192.10%
shareholders of the
listed company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
□Applicable □Not applicable
In RMB
Amount from the beginning
Amount for the current
Item of the year to the end of the Description
reporting period
reporting period
Gains and losses on disposal
of non-current assets
(including the written-off -2790079.44 -6600757.78
part of the provision for asset
impairment accrued)
Government subsidies 8681282.56 37784189.99
included in current gains and
2Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
losses (excluding government
subsidies closely related to
the Company's normal
business in line with national
policy enjoyed according to
established standards and
having a sustained impact on
the Company's gains and
losses).Reversal of impairment
provision for accounts
28983975.3389143826.79
receivable tested for
impairment separately
Other non-operating income
and expenses excluding the -1370353.43 -4209470.99
items listed above
Less: Affected amount of
4999596.5817949645.07
income tax
Affected amount of
minority shareholders’ equity 568206.76 589401.99
(after tax)
Total 27937021.68 97578740.95 --
Other items of gains and losses meeting the definition of non-recurring gains and losses:
□Applicable□Not applicable
The Company does not have other items of gains and losses meeting the definition of non-recurring gains and losses
Explanation on the circumstance where items of the non-recurring gains and losses listed in the Explanatory Announcement No. 1
on Information Disclosure for Companies Offering Their Securities to the Public — Non-recurring Profits and Losses (referred to
as “Announcement No.1”) are defined as recurring profits and losses
□Applicable □Not applicable
Item Amount (in RMB) Reasons
VAT exemption reduction or refund 27021111.35 National tax policy regular business
Refund of individual income tax
1243598.63 National tax policy regular business
handling fee
(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons
□Applicable □ Not applicable
Balance sheet items September 30 2025 January 01 2025 Percentage Reason for change
of change
Cash and cash 678895535.01 1631776094.27 -58.40% Mainly due to increased purchases ofequivalents wealth management products.Prepayments 258103705.07 161690670.71 59.63% Mainly due to the increase in advancepayments for materials and expenses.Non-current assets Mainly due to the decrease in fixed-
due within one year 621044164.38 899560428.08 -30.96% term deposits due within one year.Mainly due to the decrease in fixed-
Other current assets 295928552.31 1411059496.48 -79.03% term deposits and the increase in
long-term deposits.Long-term equity 5723843.38 10561060.79 -45.80% Mainly due to losses incurred by non-investment controlling subsidiaries.Other non-current Mainly due to the increase in bank
financial assets 800000000.00 300000000.00 166.67% wealth management products withmaturities over one year.Construction in 600487917.57 457357111.28 31.30% Mainly due to increased investment in
3Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
progress construction in progress.Payroll payable 40426509.93 188410062.92 -78.54% Mainly due to the full payment of2024 year-end bonuses.Income statement From the beginning ofthe year to the end of The same period last Percentageitems the reporting period year of change
Reason for change
Other income 66048899.97 104314776.28 -36.68% Mainly due to the decrease ingovernment subsidies.Investment income
from associates and -6943313.88 -3680047.24 88.67% Mainly due to increased losses of
joint ventures non-controlling subsidiaries.Loss from credit Mainly due to the decrease in bad
impairment 56444113.25 -9908601.43 -669.65% debt provisions as accounts receivablewere collected.Loss from assets
impairment -4100322.49 1930820.03 -312.36%
Mainly due to the increase in
inventory write-downs.Gains on asset Mainly due to the increase in losses
disposals -5753401.49 -2325065.84 147.45% from the sale of mortgaged propertiesfor projects.Non-operating income 4158613.94 847605.05 390.63% Mainly due to the increase in receivedcompensation for infringement.Cash flow statement From the beginning ofthe year to the end of The same period last Percentageitems the reporting period year of change
Reason for change
Net cash flow from Mainly due to the increase in payment
operating activities 729194650.22 525768857.38 38.69% collection.Net cash flow from
investment activities -724683270.28 97017348.45 -846.96%
Mainly due to increased purchases of
wealth management products.Net cash flow from -934845721.92 -1426212996.85 -34.45% Mainly due to timing differences infinancing activities dividend distribution.II. Shareholder Information
(I) Total Number of Common Shareholders and Preferred Shareholders with the Voting Rights
Recovered and Shareholding of the Top 10 Shareholders
Unit: share
Total number of common Total number of preferred shareholders with the
shareholders at the end of the 56313 voting rights recovered at the end of reporting period 0
reporting period (if any)
Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)
Number of Pledged marked or frozen shares
Name of Nature of Shareholding Number of shares subject
shareholder shareholder ratio shares to sales Status Quantity
restrictions
Hangzhou
Domestic non-
Robam
state-owned 49.90% 471510000 0 Not Applicable 0
Industrial
corporation
Group Co. Ltd.Hong Kong
Securities
Overseas
Clearing 6.72% 63490458 0 Not Applicable 0
corporation
Company
Limited
China
Merchants
Bank Co. Ltd. Others 1.52% 14392826 0 Not Applicable 0
– ICBC Credit
Suisse Value
4Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
Select Mixed
Securities
Investment
Fund
Domestic
Shen Guoying 1.30% 12240000 0 Not Applicable 0
natural person
Schroder
Investment
Management
(Hong Kong)
Limited -
Others 1.26% 11936055 0 Not Applicable 0
Schroder
Global Equity
Fund China A-
Shares
(Exchange)
China Life
Insurance
(Group)
Company –
Traditional –
General Others 0.94% 8906200 0 Not Applicable 0
Insurance
Products –
Stock Connect
(Innovative
Strategy)
Agricultural
Bank of China
Co. Ltd. - CSI Others 0.73% 6855653 0 Not Applicable 0
500 Exchange
Traded Fund
Hangzhou
Domestic non-
Jinchuang
state-owned 0.70% 6640085 0 Not Applicable 0
Investment Co.corporation
Ltd.China Pacific
Life Insurance
Co. Ltd. –
Traditional – Others 0.69% 6534300 0 Not Applicable 0
General
Insurance
Products
Hangzhou
Domestic non-
Yinchuang
state-owned 0.67% 6318000 0 Not Applicable 0
Investment Co.corporation
Ltd.Shareholdings of the top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and executive
locked shares)
Type of share and number of
Name of shareholder Number of shares not subject to sales restrictions shares
Type of share Quantity
Hangzhou Robam Industrial RMB ordinary
471510000471510000
Group Co. Ltd. shares
Hong Kong Securities Clearing RMB ordinary
6349045863490458
Company Limited shares
China Merchants Bank Co. Ltd. – 14392826 RMB ordinary 14392826
5Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
ICBC Credit Suisse Value Select shares
Mixed Securities Investment Fund
RMB ordinary
Shen Guoying 12240000 12240000
shares
Schroder Investment Management
(Hong Kong) Limited - Schroder RMB ordinary
1193605511936055
Global Equity Fund China A- shares
Shares (Exchange)
China Life Insurance (Group)
Company – Traditional – General RMB ordinary
89062008906200
Insurance Products – Stock shares
Connect (Innovative Strategy)
Agricultural Bank of China Co.RMB ordinary
Ltd. - CSI 500 Exchange Traded 6855653 6855653
shares
Fund
Hangzhou Jinchuang Investment RMB ordinary
66400856640085
Co. Ltd. shares
China Pacific Life Insurance Co.RMB ordinary
Ltd. – Traditional – General 6534300 6534300
shares
Insurance Products
Hangzhou Yinchuang Investment RMB ordinary
63180006318000
Co. Ltd. shares
Mr. Ren Jianhua is the actual controller of the controlling shareholder of
the Company - Hangzhou Robam Industrial Group Co. Ltd. and the
Description of the associated relationship or
shareholder of the Company - Hangzhou Jinchuang Investment Co. Ltd.;
consistent actions of the above shareholders
and the natural person shareholder Shen Guoying is his wife. Therefore
there is a possibility that these shareholders will act in concert.Description of the top 10 shareholders engaging in
None
securities margin trading (if any)
Shares lending through refinancing involving shareholders holding more than 5% of the shares the top 10 shareholders and the
top 10 shareholders of unrestricted circulating shares
□Applicable□Not applicable
Compared to the previous period the change is due to the top 10 shareholders and the top 10 unrestricted circulating shareholders
lending/returning shares for refinancing purposes.□Applicable□Not applicable
(II) Total Number of the Company’s Preferred Shareholders and Shareholding of the Top 10 Preferred
Shareholders
□Applicable□Not applicable
III. Other Significant Matters
□Applicable□Not applicable
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Hangzhou Robam Appliances Co. Ltd.
6Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
September 30 2025
In RMB
Item Ending balance Beginning balance
Current assets:
Cash and cash equivalents 678895535.01 1631776094.27
Deposit reservation for balance
Lendings to banks and other financial
institutions
Financial assets held for trading 2770000000.00 2180000000.00
Derivative financial assets
Notes receivable 736003720.37 817563424.67
Accounts receivable 1721241036.46 1963710151.61
Accounts receivable financing
Prepayments 258103705.07 161690670.71
Receivable premium
Reinsurance accounts receivable
Reinsurance contract reserves
receivable
Other receivables 81231399.59 86729886.98
Inc: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1265386540.25 1214012761.29
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year 621044164.38 899560428.08
Other current assets 295928552.31 1411059496.48
Total current assets 8427834653.44 10366102914.09
Non-current assets:
Loans and advances
Creditors investment
Other debt investment
Long-term account receivable
Long-term equity investment 5723843.38 10561060.79
Investment in other equity instruments 2116023.22 2116023.22
Other non-current financial assets 800000000.00 300000000.00
Investment properties 82510767.99 85850636.19
Fixed assets 1528951596.48 1611144579.04
Construction in process 600487917.57 457357111.28
Biological assets for production
Oil & gas assets
Right of use assets 8647405.97 10275253.96
Intangible assets 199492127.96 205881656.70
Including: Data resources
Development expenditure
Including: Data resources
Goodwill
Long-term prepaid expenses 3728394.67 4756409.65
Deferred income tax assets: 406504224.42 355443564.81
Other non-current assets 4684052446.50 3633769072.60
Total non-current assets 8322214748.16 6677155368.24
Total assets 16750049401.60 17043258282.33
Current liabilities:
Short-term borrowings 97746568.49 93239299.06
Borrowings from the central bank
7Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
Borrowings from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payables 984074679.29 1061073856.74
Accounts payable 2523297316.51 2830095046.91
Advance receipts
Contract liabilities 836403435.40 867810932.52
Financial assets sold for repurchase
Deposits from customers and
interbank
Receivings from vicariously traded
securities
Receivings from vicariously traded
securities
Payroll payable 40426509.93 188410062.92
Taxes payable 240091239.92 189784241.67
Other payables 289249360.54 285326671.78
Inc: Interests payable
Dividends payable
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one
1685157.162136543.64
year
Other current liabilities 86426253.16 95808311.01
Total current liabilities 5099400520.40 5613684966.25
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Inc: Preferred shares
Perpetual bonds
Lease liabilities 8494965.78 10197520.49
Long-term accounts payable
Long-term payroll payable
Estimated liabilities 2052455.40
Deferred income 104981646.89 114504272.72
Deferred income tax liabilities 44520433.24 38784781.76
Other non-current liabilities
Total non-current liabilities 160049501.31 163486574.97
Total liabilities 5259450021.71 5777171541.22
Owner’s equity:
Capital stock 944938916.00 944782166.00
Other equity instruments
Inc: Preferred shares
Perpetual bonds
Capital reserve 260564552.77 237627547.19
Less: treasury share
Other comprehensive income -100075255.40 -99551592.95
Special reserve
Surplus reserve 474516412.50 474516412.50
General risk reserves
Undistributed profits 9833450140.90 9621062910.45
Total owners’ equity attributable to the
11413394766.7711178437443.19
parent company
Minority interests 77204613.12 87649297.92
8Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
Total owners’ equity 11490599379.89 11266086741.11
Total liabilities and owner’s equity 16750049401.60 17043258282.33
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
2. Consolidated income statement from the beginning of the year to the end of the reporting period
In RMB
Item Amount of the current period Amount of the previous period
I. Total operating income 7311736717.86 7395769773.08
Inc: Operating income 7311736717.86 7395769773.08
Interest income
Earned premium
Fee and commission income
II. Total operating costs 6117425197.89 6146967386.74
Inc: Operating costs 3524381534.45 3665988049.74
Interest expenses
Fee and commission expenses
Surrender value
Net payments for insurance
claims
Net allotment of reserves for
insurance liabilities
Policy dividend expenditures
Reinsurance expenses
Taxes and surcharges 49065764.34 56000589.33
Sales expenses 2067729843.68 1942660453.45
Administrative expenses 338478868.64 341872251.66
R&D expenses 244651404.11 276355597.58
Financial expenses -106882217.33 -135909555.02
Including: Interest expenses 2720934.39 2541064.67
Interest income 113301119.29 140964132.11
Add: other income 66048899.97 104314776.28
Investment income (“-” for
60151699.4367413198.19
losses)
Including: Income from
investment in joint ventures and -6943313.88 -3680047.24
affiliated enterprises
Gains on
derecognition of financial assets
measured at amortized cost
Exchange gains (“-” for losses)
Net exposure hedging gains (“-”
for losses)
Gains from changes in fair value
(“-” for losses)
Losses from credit impairment
56444113.25-9908601.43
(“-” for losses)Losses from asset impairment (“--4100322.491930820.03
” for losses)
9Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
Gains on disposal of assets (“-”
-5753401.49-2325065.84
for losses)
III. Operating profits (“-” for losses) 1367102508.64 1410227513.57
Add: non-operating income 4158613.94 847605.05
Less: non-operating expenditure 9215441.22 7761798.89
IV. Total profits (“-” for total losses) 1362045681.36 1403313319.73
Less: income tax expenses 217531132.80 217608806.01
V. Net profits (“-” for losses) 1144514548.56 1185704513.72
(I) By operational sustainability
1. Net profits from continuing
1144514548.561185704513.72
operations (“-” for net losses)
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profit attributable to
shareholders of the parent company (“-” 1157326146.45 1202179949.11
for net losses)
2. Minority shareholders’ gains and
-12811597.89-16475435.39
losses (“-” for net losses)
VI. After-tax net amount of other
-553055.56-167647.18
comprehensive income
After-tax net amount of other
comprehensive income attributable to the -523662.45 -135296.66
owners of parent company
(I) Other comprehensive income
that cannot be reclassified into gains and
losses
1. Changes in re-measured and
defined benefit plans
2. Other comprehensive income
which cannot be transferred into gains or
losses under the equity method
3. Changes in fair value of the
investment in other equity instruments
4. Changes in fair value of the
credit risk of the Company
5. Others
(II) Other comprehensive income
which will be reclassified into gains and -523662.45 -135296.66
losses
1. Other comprehensive income
which can be transferred into gains and
losses under the equity method
2. Changes in fair value of other
debt investments
3. Amount of financial assets
reclassified into other comprehensive
income
4. Provision for credit impairment
of other debt investments
5. Cashflow hedge reserve
6. Converted difference in foreign
-689212.45-135296.66
currency statements
7. Others
After-tax net amount of other
comprehensive income attributable to -29393.11 -32350.52
minority shareholders
10Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
VII. Total comprehensive income 1143961493.00 1185536866.54
(I) Total comprehensive income
attributable to the owners of the parent 1156802484.00 1202044652.45
company
(II) Total comprehensive income
-12840991.00-16507785.91
attributable to minority shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 1.22 1.27
(II) Diluted EPS 1.22 1.27
In the case of merger of enterprises under the same control in the current period the net profit realized by the merged party before
the merger is: RMB 0.00 and the net profit realized by the merged party in the previous period is: RMB 0.00.Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
3. Consolidated cash flow statement from the beginning of the year to the end of the reporting period
In RMB
Item Amount of the current period Amount of the previous period
I. Cash flow from operating activities:
Cash received for the sale of goods
8436268586.347903750434.12
and rendering of services
Net increase in clients’ deposits and
deposits from banks and other financial
institutions
Net increase in borrowings from the
central bank
Net increase in borrowings from other
financial institutions
Cash received from receiving
insurance premium of the original
insurance contract
Net cash from receiving reinsurance
premium
Net increase in deposits and
investment of insured persons
Cash received from interests fees and
commissions
Net increase in borrowed funds
Net increase in repurchase business
funds
Net cash received from vicariously
traded securities
Refunds of taxes 13849893.22 27319712.52
Cash received relating to other
68913611.71159415830.04
operating activities
Subtotal of cash inflow from operating
8519032091.278090485976.68
activities
Cash paid for purchased products and
4327566145.674048517085.76
received services
Net increase in loans and advances to
customers
Net increase in deposits with the
central bank and other financial
institutions
11Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
Cash paid for claims of original
insurance contract
Net increase in lending funds
Cash paid for interests fees and
commissions
Cash paid for policy dividends
Cash paid to and on behalf of
834643059.83837585263.59
employees
Cash paid for taxes 598115079.74 632054145.34
Cash paid related to other operating
2029513155.812046560624.61
activities
Subtotal of cash outflow from operating
7789837441.057564717119.30
activities
Net cash flow from operating activities 729194650.22 525768857.38
II. Cash flow from investment activities:
Cash received from return of
3068000000.001541285887.67
investments
Cash received from return on
68807723.4971392261.71
investments
Net cash received from disposal of
fixed assets intangible assets and other 115422.84 499866.54
long-term assets
Net cash received from disposal of
subsidiaries and other business entities
Cashes received related to other
1521578517.693217561206.77
investment activities
Subtotal of cash inflow from investment
4658501664.024830739222.69
activities
Cash paid for purchase and
construction of fixed assets intangible 189901255.90 183507049.24
assets and other long-term assets
Cash paid to investments 4157997278.40 416290525.00
Net increase in pledged loans
Net cash from subsidiaries and other
operating entities
Cash paid related to other investment
1035286400.004133924300.00
activities
Subtotal of cash outflow from investment
5383184934.304733721874.24
activities
Net cash flow from investment activities -724683270.28 97017348.45
III. Cash flow from financing activities:
Cash from acquiring investments 6156179.60 680724.00
Including: Cash received by
subsidiaries from investments of
minority shareholders
Cash from acquiring debts 97600000.00 83812523.35
Other cashes received in relation to
500000.00
financing activities
Subtotal of cash inflow from financing
103756179.6084993247.35
activities
Cash paid for repayments of debts 91010114.12 81000000.00
Cash paid for distribution of
945452907.261418297004.58
dividends profits or interest expenses
Including: Dividends or profits paid
by subsidiaries to minority shareholders
12Q3 2025 Report of Hangzhou Robam Appliances Co. Ltd.
Other cashes paid in relation to
2138880.1411909239.62
financing activities
Subtotal of cash outflow from financing
1038601901.521511206244.20
activities
Net cash flow from financing activities -934845721.92 -1426212996.85
IV. Effect of change in exchange rate on
-573819.46-370588.37
cash and cash equivalents
V. Net increase in cash and cash
-930908161.44-803797379.39
equivalents
Plus: Opening balance of cash and
1518303556.891878166358.09
cash equivalents
VI. Closing balance of cash and cash
587395395.451074368978.70
equivalents
(II) Relevant financial statement items at the beginning of 2025 when the adjustments
stipulated in the new accounting standards apply for the first time
□Applicable□Not applicable
(III) Audit report
Whether the Q3 financial report has been audited？
□ Yes□No
The Q3 financial report of the Company has not been audited.Board of Directors of Hangzhou Robam Appliances Co. Ltd.October 29 2025
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