Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2026-058

Hangzhou Robam Appliances Co. Ltd.Q3 2026 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 and the directors 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 body (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

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

2288560248.12 -15.37% 6260947447.50 -14.37%

(RMB)

Net profit attributable

to shareholders of the 260424371.47 -41.57% 838659473.37 -27.53%

listed company (RMB)

Net profit attributable

to shareholders of the

listed company after

239550267.47 -42.66% 741759158.66 -30.01%

deducting non-

recurring gains/losses

(RMB)

Net cash flow from

operating activities — — -98609652.78 -113.52%

(RMB)

Basic earnings per

share (EPS) 0.28 -40.43% 0.89 -27.05%

(RMB/share)

Diluted EPS

0.28 -40.43% 0.89 -27.05%

(RMB/share)

Weighted average A decrease of 1.60 perc A decrease of 2.94

2.22% 7.04%

return on net assets entage points percentage points

End of the reporting

End of last year Change

period

Total assets (RMB) 16620807867.60 17208063114.15 -3.41%

Owner's equity

attributable to

11876252288.73 11497455691.08 3.29%

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 -1466691.95 -2062123.44

part of the provision for asset

impairment accrued)

Government subsidies 14140866.68 35067641.89

included in current gains and

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

17405212.15 87346447.81

receivable tested for

impairment separately

Other non-operating income

and expenses excluding the -4520642.38 -3351060.84

items listed above

Less: Affected amount of

4003985.97 18469217.14

income tax

Affected amount of

minority shareholders’ equity 680654.53 1631373.57

(after tax)

Total 20874104.00 96900314.71 --

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 59520677.35 National tax policy regular business

Refund of individual income tax

1012715.90 National tax policy regular business

handling fee

Total 60533393.25

(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons

□Applicable □ Not applicable

Balance sheet items September 30 2026 January 01 2026 Percentage Reason for change

of change

Non-current assets 3743512085.44 499143689.50 649.99% Mainly due to the maturity of bankdue within one year fixed term deposits.Other non-current Mainly due to the redemption of

financial assets 800451400.00 -100.00% matured bank wealth managementproducts.Construction in Mainly due to the transfer of

progress 31329276.82 46511377.40 -32.64% equipment to fixed assets uponacceptance.Long-term deferred Mainly due to an increase in deferred

expenses 12187719.49 3252717.83 274.69% expenses over periods exceeding oneyear.Other non-current Mainly due to a decrease in

assets 2300036918.49 4812636753.73 -52.21% unmatured fixed term deposits withmaturities exceeding one year.Payroll payable 37129332.86 179852713.89 -79.36% Mainly due to the full payment of theprevious year's year-end bonuses.Non-current liabilities 1334827.22 1967891.30 -32.17% Mainly due to a decrease in leasedue within one year liabilities due within one year.Deferred income tax

liabilities 53335869.82 40433744.03 31.91%

Mainly due to an increase in accrued

interest on fixed term deposits.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 95601035.14 66048899.97 44.74% Mainly due to an increase in taxrefunds on embedded software.Investment income

from associates and 860629.81 -6943313.88 112.40% Mainly due to an increase in income

joint ventures from equity investments.Loss from credit Mainly due to the reversal of

impairment 38931101.28 56444113.25 -31.03% provisions for impairment losses onreceivables.Mainly due to an increase in

Loss from assets provisions for inventory write-downs

impairment -51639137.86 -4100322.49 -1159.39% and a higher provision rate followingthe recovery of properties received in

settlement of debts.Gains on asset Mainly due to a decrease in losses on

disposals -2062132.29 -5753401.49 64.16% the sale of properties received insettlement of debts.Minority shareholders' -8087659.23 -12811597.89 36.87% Mainly due to a decrease in lossesgains and losses incurred by subsidiaries.Cash flow statement From the beginning of

items the year to the end of

The same period last Percentage Reason for change

the reporting period year of change

Net cash flow from -98609652.78 729194650.22 -113.52% Mainly due to a decline in sales and aoperating activities decrease in cash collected.Net cash flow from Mainly due to an increase in proceeds

investment activities 422217558.34 -724683270.28 158.26% from maturing fixed term deposits andwealth management products.Net cash flow from Mainly due to differences in the

financing activities -467421295.97 -934845721.92 50.00% timing of interim dividenddistributions.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 45129 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 49.89% 471510000 0 Not Applicable 0

Industrial

corporation

Group Co. Ltd.China CITIC

Bank Others 2.36% 22345047 0 Not Applicable 0

Corporation

Limited – E

Fund CSI 100

Value

Exchange-

Traded Fund

China

Merchants

Bank Co. Ltd.– ICBC Credit

Suisse Value Others 1.39% 13133679 0 Not Applicable 0

Select Mixed

Securities

Investment

Fund

Domestic

Shen Guoying 1.30% 12240000 0 Not Applicable 0

natural person

Hong Kong

Securities

Overseas

Clearing 1.27% 11969736 0 Not Applicable 0

corporation

Company

Limited

China Life

Insurance

(Group)

Company –

Traditional –

General Others 0.94% 8906200 0 Not Applicable 0

Insurance

Products –

Stock Connect

(Innovative

Strategy)

China Pacific

Life Insurance

Co. Ltd. –

Traditional – Others 0.77% 7271500 0 Not Applicable 0

General

Insurance

Products

Hangzhou

Domestic non-

Jinchuang

state-owned 0.70% 6640085 0 Not Applicable 0

Investment Co.corporation

Ltd.Invesco Great

Wall Fund –

China Life

Insurance

Company

Limited –

Participating

Insurance –

Invesco Great Others 0.68% 6462712 0 Not Applicable 0

Wall Fund

China Life New

Value Equity

Portfolio

Single-Asset

Management

Plan

(Participating

Insurance)

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

471510000 471510000

Group Co. Ltd. shares

China CITIC Bank Corporation

RMB ordinary

Limited – E Fund CSI 100 Value 22345047 22345047

shares

Exchange-Traded Fund

China Merchants Bank Co. Ltd. –

RMB ordinary

ICBC Credit Suisse Value Select 13133679 13133679

shares

Mixed Securities Investment Fund

RMB ordinary

Shen Guoying 12240000 12240000

shares

Hong Kong Securities Clearing RMB ordinary

11969736 11969736

Company Limited shares

China Life Insurance (Group)

Company – Traditional – General RMB ordinary

8906200 8906200

Insurance Products – Stock shares

Connect (Innovative Strategy)

China Pacific Life Insurance Co.RMB ordinary

Ltd. – Traditional – General 7271500 7271500

shares

Insurance Products

Hangzhou Jinchuang Investment RMB ordinary

6640085 6640085

Co. Ltd. shares

Invesco Great Wall Fund – China

Life Insurance Company Limited

– Participating Insurance –

RMB ordinary

Invesco Great Wall Fund China 6462712 6462712

shares

Life New Value Equity Portfolio

Single-Asset Management Plan

(Participating Insurance)

Hangzhou Yinchuang Investment RMB ordinary

6318000 6318000

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.September 30 2026

In RMB

Item Ending balance Beginning balance

Current assets:

Cash and cash equivalents 1083515092.95 1236257860.53

Deposit reservation for balance

Lendings to banks and other financial

institutions

Financial assets held for trading 2960000000.00 3230000000.00

Derivative financial assets

Notes receivable 532066889.66 578435043.55

Accounts receivable 1433122046.83 1501774623.23

Accounts receivable financing

Prepayments 210997906.48 186281708.91

Receivable premium

Reinsurance accounts receivable

Reinsurance contract reserves

receivable

Other receivables 69786891.59 73533704.37

Inc: Interests receivable

Dividends receivable 400000.00

Redemptory monetary capital for sale

Inventory 1424091746.91 1360022769.09

Including: Data resources

Contract assets

Assets held for sale

Non-current assets due within one year 3743512085.44 499143689.50

Other current assets 82962113.35 88468071.99

Total current assets 11540054773.21 8753917471.17

Non-current assets:

Loans and advances

Creditors investment

Other debt investment

Long-term account receivable

Long-term equity investment 4912453.38 4395119.95

Investment in other equity instruments 2116023.22 2116023.22

Other non-current financial assets 800451400.00

Investment properties 77441746.83 81013670.91

Fixed assets 2107773577.97 2173675186.21

Construction in process 31329276.82 46511377.40

Biological assets for production

Oil & gas assets

Right of use assets 6469752.05 8102992.49

Intangible assets 188573158.35 196406397.41

Including: Data resources

Development expenditure

Including: Data resources

Goodwill

Long-term prepaid expenses 12187719.49 3252717.83

Deferred income tax assets: 349912467.79 325584003.83

Other non-current assets 2300036918.49 4812636753.73

Total non-current assets 5080753094.39 8454145642.98

Total assets 16620807867.60 17208063114.15

Current liabilities:

Short-term borrowings 104610725.51 97738579.05

Borrowings from the central bank

Borrowings from banks and other

financial institutions

Financial liabilities held for trading

Derivative financial liabilities

Notes payables 805756397.11 1102064932.55

Accounts payable 2247543844.03 2655136329.40

Advance receipts

Contract liabilities 811066029.37 932559161.31

Financial assets sold for repurchase

Deposits from customers and

interbank

Receivings from vicariously traded

securities

Receivings from vicariously traded

securities

Payroll payable 37129332.86 179852713.89

Taxes payable 152668207.97 121036736.76

Other payables 281347708.42 294434125.10

Inc: Interests payable

Dividends payable

Fees and commissions payable

Dividends payable for reinsurance

Liabilities held for sale

Non-current liabilities due within one

1334827.22 1967891.30

year

Other current liabilities 88452810.89 102759019.62

Total current liabilities 4529909883.38 5487549488.98

Non-current liabilities:

Reserves for insurance contracts

Long-term loans

Bonds payable

Inc: Preferred shares

Perpetual bonds

Lease liabilities 6517429.75 7867003.07

Long-term accounts payable

Long-term payroll payable

Estimated liabilities

Deferred income 88485869.04 100318829.17

Deferred income tax liabilities 53335869.82 40433744.03

Other non-current liabilities

Total non-current liabilities 148339168.61 148619576.27

Total liabilities 4678249051.99 5636169065.25

Owner’s equity:

Capital stock 945022916.00 944938916.00

Other equity instruments

Inc: Preferred shares

Perpetual bonds

Capital reserve 260836650.45 245855894.16

Less: treasury share

Other comprehensive income -102317506.26 -99859332.25

Special reserve

Surplus reserve 474516412.50 474516412.50

General risk reserves

Undistributed profits 10298193816.04 9932003800.67

Total owners’ equity attributable to the

11876252288.73 11497455691.08

parent company

Minority interests 66306526.88 74438357.82

Total owners’ equity 11942558815.61 11571894048.90

Total liabilities and owner’s equity 16620807867.60 17208063114.15

Legal representative: Ren Fujia Person in charge of accounting: Zhang Guofu Head of the accounting body: 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 6260947447.50 7311736717.86

Inc: Operating income 6260947447.50 7311736717.86

Interest income

Earned premium

Fee and commission income

II. Total operating costs 5422140009.17 6117425197.89

Inc: Operating costs 3072027007.40 3524381534.45

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 40071707.87 49065764.34

Sales expenses 1783965914.44 2067729843.68

Administrative expenses 373288598.02 338478868.64

R&D expenses 248948567.86 244651404.11

Financial expenses -96161786.42 -106882217.33

Including: Interest expenses 2757247.14 2720934.39

Interest income 107995707.54 113301119.29

Add: other income 95601035.14 66048899.97

Investment income (“-” for

69042591.59 60151699.43

losses)

Including: Income from

investment in joint ventures and 860629.81 -6943313.88

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

38931101.28 56444113.25

(“-” for losses)Losses from asset impairment (“--51639137.86 -4100322.49

” for losses)

Gains on disposal of assets (“-”

-2062132.29 -5753401.49

for losses)

III. Operating profits (“-” for losses) 988680896.19 1367102508.64

Add: non-operating income 4418315.46 4158613.94

Less: non-operating expenditure 7769367.45 9215441.22

IV. Total profits (“-” for total losses) 985329844.20 1362045681.36

Less: income tax expenses 154758030.06 217531132.80

V. Net profits (“-” for losses) 830571814.14 1144514548.56

(I) By operational sustainability

1. Net profits from continuing

830571814.14 1144514548.56

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 (“-” 838659473.37 1157326146.45

for net losses)

2. Minority shareholders’ gains and

-8087659.23 -12811597.89

losses (“-” for net losses)

VI. After-tax net amount of other

-2502345.72 -553055.56

comprehensive income

After-tax net amount of other

comprehensive income attributable to the -2458174.01 -523662.45

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 -2458174.01 -523662.45

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

-2458174.01 -689212.45

currency statements

7. Others

After-tax net amount of other

comprehensive income attributable to -44171.71 -29393.11

minority shareholders

VII. Total comprehensive income 828069468.42 1143961493.00

(I) Total comprehensive income

attributable to the owners of the parent 836201299.36 1156802484.00

company

(II) Total comprehensive income

-8131830.94 -12840991.00

attributable to minority shareholders

VIII. Earnings per share (EPS):

(I) Basic EPS 0.89 1.22

(II) Diluted EPS 0.89 1.22

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 Fujia Person in charge of accounting: Zhang Guofu Head of the accounting body: 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

6815865122.54 8436268586.34

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 48806130.20 13849893.22

Cash received relating to other

43720887.26 68913611.71

operating activities

Subtotal of cash inflow from operating

6908392140.00 8519032091.27

activities

Cash paid for purchased products and

3794239598.13 4327566145.67

received services

Net increase in loans and advances to

customers

Net increase in deposits with the

central bank and other financial

institutions

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

852128153.06 834643059.83

employees

Cash paid for taxes 430564530.36 598115079.74

Cash paid related to other operating

1930069511.23 2029513155.81

activities

Subtotal of cash outflow from operating

7007001792.78 7789837441.05

activities

Net cash flow from operating activities -98609652.78 729194650.22

II. Cash flow from investment activities:

Cash received from return of

4315171726.22 3068000000.00

investments

Cash received from return on

70377120.94 68807723.49

investments

Net cash received from disposal of

fixed assets intangible assets and other 3159.84 115422.84

long-term assets

Net cash received from disposal of

subsidiaries and other business entities

Cashes received related to other

176785331.75 1521578517.69

investment activities

Subtotal of cash inflow from investment

4562337338.75 4658501664.02

activities

Cash paid for purchase and

construction of fixed assets intangible 135575380.41 189901255.90

assets and other long-term assets

Cash paid to investments 3240100000.00 4157997278.40

Net increase in pledged loans

Net cash from subsidiaries and other

operating entities

Cash paid related to other investment 764444400.00 1035286400.00

activities

Subtotal of cash outflow from investment

4140119780.41 5383184934.30

activities

Net cash flow from investment activities 422217558.34 -724683270.28

III. Cash flow from financing activities:

Cash from acquiring investments 6156179.60

Including: Cash received by

subsidiaries from investments of

minority shareholders

Cash from acquiring debts 123100000.00 97600000.00

Other cashes received in relation to

financing activities

Subtotal of cash inflow from financing

123100000.00 103756179.60

activities

Cash paid for repayments of debts 116223189.62 91010114.12

Cash paid for distribution of

472472228.37 945452907.26

dividends profits or interest expenses

Including: Dividends or profits paid

by subsidiaries to minority shareholders

Other cashes paid in relation to

1825877.98 2138880.14

financing activities

Subtotal of cash outflow from financing

590521295.97 1038601901.52

activities

Net cash flow from financing activities -467421295.97 -934845721.92

IV. Effect of change in exchange rate on

-2192318.88 -573819.46

cash and cash equivalents

V. Net increase in cash and cash

-146005709.29 -930908161.44

equivalents

Plus: Opening balance of cash and

1169244689.17 1518303556.89

cash equivalents

VI. Closing balance of cash and cash

1023238979.88 587395395.45

equivalents

(II) Relevant financial statement items at the beginning of 2026 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 27 2026