Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2026-008
Hangzhou Robam Appliances Co. Ltd.Q1 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 as well as 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 affairs 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 Q1 financial report has been audited
□ Yes□No
1Q1 2026 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
The reporting period The same period last year YoY change (%)
Operating Income (RMB) 1962936648.19 2076194452.05 -5.46
Net profit attributable to
shareholders of the listed 306638947.40 340019016.58 -9.82
company (RMB)
Net profit attributable to
shareholders of the listed
258772432.94313555187.51-17.47
company after deducting non-
recurring gains/losses (RMB)
Net cash flow from operating
-421237858.82-187492962.49-124.67
activities (RMB)
Basic earnings per share
0.320.36-11.11
(EPS) (RMB/share)
Diluted EPS (RMB/share) 0.32 0.36 -11.11
Weighted average return on
2.63% 3.00% A decrease of 0.37%
net assets
End of the reporting period End of last year Change (%)
Total assets (RMB) 16663562175.70 17208063114.15 -3.16
Owner's equity attributable to
shareholders of the listed 11806502571.19 11497455691.08 2.69
company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
□Applicable □Not applicable
In RMB
Item Amount for the current reporting period Description
Gains and losses on disposal of non-
current assets (including the written-off
-270772.04
part of the provision for asset impairment
accrued)
Government subsidies included in
current gains and losses (excluding
government subsidies closely related to
the Company's normal business in line
11942387.98
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 receivable tested for 46730420.37
impairment separately
Other non-operating revenues and
-961715.42
expenses except the above items
Less: Affected amount of income tax 9314038.00
Affected amount of minority 259768.43
2Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
shareholders’ equity (after tax)
Total 47866514.46 --
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 enumerated in the Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public — Non-recurring Gains and Losses
(referred to as “Announcement No.1”) are defined as recurring gains and losses
□Applicable□Not applicable
There is no circumstance where items of non-recurring gains and losses enumerated in accordance with the Announcement No. 1
are defined as recurring gains and losses.(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons
□Applicable □Not applicable
1. Balance sheet items
As at the end of the reporting period non-current assets due within one year increased by 38.08% compared with the beginning of
the year mainly due to the increase in financial management products maturing within one year.As at the end of the reporting period other non-current financial assets decreased by 100% compared with the beginning of the
year mainly due to the maturity and redemption of financial management products.As at the end of the reporting period payroll payable to employees decreased by 82.95% compared with the beginning of the year
mainly due to the completion of payment of salaries and bonuses accrued at the end of 2025.
2. Income statement items
During the reporting period investment income increased by 732.58% compared with the same period last year mainly due to the
increase in income from matured financial management products.During the reporting period investment income from associates and joint ventures increased by 101.94% as compared to the same
period last year mainly due to the increase in income from equity investments.During the reporting period asset impairment losses increased by 328.8% compared with the same period last year mainly due to
the increase in project mortgage properties and a higher provision ratio for impairment of such properties.During the reporting period gains on asset disposals increased by 86.94% compared with the same period last year mainly due to
the reduction in the losses from the sale of project mortgage properties.During the reporting period non-operating income increased by 45.77% compared with the same period last year mainly due to
the increase in payables that could not be paid.During the reporting period non-operating expenses increased by 44.56% compared with the same period last year mainly due to
increased tax losses.
3Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
During the reporting period minority shareholders' gains and losses increased by 85.31% compared with the same period last year
mainly due to reduced losses of subsidiaries.
3. Cash flow statement items
During the reporting period net cash flows from operating activities decreased by 124.67% as compared with the same period last
year mainly due to reduced cash receipts from sales and increased payments of expenses.During the reporting period net cash flows from investment activities increased by 3518.96% as compared with the same period
of last year mainly due to the increase in the recovery of time deposits and financial management products at maturity.During the reporting period net cash flows from financing activities decreased by 103.21% as compared with the same period of
last year mainly due to repayment of bank loans by subsidiaries.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 41108 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
Nature of
Shareholding Number of shares subject
Name of shareholder sharehold
(%) shares to sales
er Status Quantity
restrictions
Domestic
Hangzhou Robam non-state-
Industrial Group Co. owned 49.90% 471510000 0 Not Applicable 0
Ltd. corporatio
n
Hong Kong Overseas
Securities Clearing corporatio 4.96% 46867788 0 Not Applicable 0
Company Limited n
China Merchants
Bank Co. Ltd. -
ICBC Credit Suisse
Others 1.73% 16368627 0 Not Applicable 0
Value Selected
Hybrid Securities
Investment Fund
Domestic
Shen Guoying natural 1.30% 12240000 0 Not Applicable 0
person
China Life Insurance
(Group) Company -
Traditional -
Ordinary Insurance Others 0.94% 8906200 0 Not Applicable 0
Products - Hong
Kong Stock Connect
(Innovative Strategy)
China Construction Others 0.77% 7254205 0 Not Applicable 0
4Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
Bank Corporation -
HSBC Jintrust
Dynamic Strategy
Mixed Securities
Investment Fund
State-
Industrial Securities owned
0.72% 6792500 0 Not Applicable 0
Co. Ltd. corporatio
n
China Pacific Life
Insurance Co. Ltd.－ Traditional－ Others 0.72% 6786700 0 Not Applicable 0
Ordinary Insurance
Products
Domestic
non-state-
Hangzhou Jinchuang
owned 0.70% 6640085 0 Not Applicable 0
Investment Co. Ltd.corporatio
n
Schroder Investment
Management (Hong
Overseas
Kong) Limited -
corporatio 0.68% 6435300 0 Not Applicable 0
Schroder Global
n
Equity Fund China
A-Shares (Exchange)
Shareholdings of the top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and executive
locked shares)
Type of share
Name of shareholder Number of shares not subject to sales restrictions
Type of share Quantity
Hangzhou Robam Industrial RMB ordinary
471510000471510000
Group Co. Ltd. shares
Hong Kong Securities Clearing RMB ordinary
4686778846867788
Company Limited shares
China Merchants Bank Co. Ltd.- ICBC Credit Suisse Value RMB ordinary
1636862716368627
Selected Hybrid Securities shares
Investment Fund
RMB ordinary
Shen Guoying 12240000 12240000
shares
China Life Insurance (Group)
Company - Traditional - Ordinary
RMB ordinary
Insurance 8906200 8906200
shares
Products - Hong Kong Stock
Connect (Innovative Strategy)
China Construction Bank
Corporation – RMB ordinary
72542057254205
HSBC Jintrust Dynamic Strategy shares
Mixed Securities Investment Fund
RMB ordinary
Industrial Securities Co. Ltd. 6792500 6792500
shares
China Pacific Life Insurance Co.Ltd. RMB ordinary
67867006786700
- Traditional - Ordinary shares
Insurance Products
Hangzhou Jinchuang Investment RMB ordinary
66400856640085
Co. Ltd. shares
Schroder Investment Management 6435300 RMB ordinary 6435300
5Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
(Hong Kong) shares
Limited - Schroeder Global
Equity Fund China A-Shares
(Exchange)
Mr. Ren Jianhua is the controlling shareholder of the Company
shareholder of Hangzhou Robam Industrial Group Co. Ltd. and the
Description of the associated relationship or
actual controller of Hangzhou Jinchuang Investment Co. Ltd.; and the
consistent actions of the above shareholders
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.March 31 2026
In RMB
Item Ending balance Beginning balance
Current assets:
Cash and cash equivalents 1488871187.68 1236257860.53
Deposit reservation for balance
Lendings to banks and other financial
institutions
Financial assets held for trading 3130000000.00 3230000000.00
Derivative financial assets
Notes receivable 566231011.28 578435043.55
Accounts receivable 1431069907.31 1501774623.23
Accounts receivable financing
Prepayments 225816214.80 186281708.91
Receivable premium
Reinsurance accounts receivable
Reinsurance contract reserves
receivable
6Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
Other receivables 81093236.82 73533704.37
Inc: Interests receivable
Dividends receivable 400000.00
Redemptory monetary capital for sale
Inventory 1295256052.45 1360022769.09
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year 689233004.55 499143689.50
Other current assets 84824458.12 88468071.99
Total current assets 8992395073.01 8753917471.17
Non-current assets:
Loans and advances
Creditors investment
Other debt investment
Long-term account receivable
Long-term equity investment 4453277.97 4395119.95
Investment in other equity instruments 2116023.22 2116023.22
Other non-current financial assets 800451400.00
Investment properties 72020154.56 81013670.91
Fixed assets 2148005123.14 2173675186.21
Construction in process 46571223.87 46511377.40
Biological assets for production
Oil & gas assets
Right of use assets 7558579.01 8102992.49
Intangible assets 193895108.26 196406397.41
Including: Data resources
Development expenditure
Including: Data resources
Goodwill
Long-term prepaid expenses 2519769.60 3252717.83
Deferred income tax assets: 331606338.26 325584003.83
Other non-current assets 4862421504.80 4812636753.73
Total non-current assets 7671167102.69 8454145642.98
Total assets 16663562175.70 17208063114.15
Current liabilities:
Short-term borrowings 98227931.96 97738579.05
Borrowings from the central bank
Borrowings from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payables 1131998412.65 1102064932.55
Accounts payable 2071769411.69 2655136329.40
Advance receipts
Contract liabilities 802025098.60 932559161.31
Financial assets sold for repurchase
Deposits from customers and
interbank
Receivings from vicariously traded
securities
Receivings from vicariously traded
securities
Payroll payable 30662344.32 179852713.89
Taxes payable 122690949.16 121036736.76
Other payables 291622450.12 294434125.10
7Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
Inc: Interests payable
Dividends payable
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one
1652109.291967891.30
year
Other current liabilities 84516399.73 102759019.62
Total current liabilities 4635165107.52 5487549488.98
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Inc: Preferred shares
Perpetual bonds
Lease liabilities 7397350.28 7867003.07
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 96352192.73 100318829.17
Deferred income tax liabilities 44379865.96 40433744.03
Other non-current liabilities
Total non-current liabilities 148129408.97 148619576.27
Total liabilities 4783294516.49 5636169065.25
Owner’s equity:
Capital stock 944938916.00 944938916.00
Other equity instruments
Inc: Preferred shares
Perpetual bonds
Capital reserve 250427239.59 245855894.16
Less: treasury share
Other comprehensive income -102022744.97 -99859332.25
Special reserve
Surplus reserve 474516412.50 474516412.50
General risk reserves
Undistributed profits 10238642748.07 9932003800.67
Total owners’ equity attributable to the 11806502571.19 11497455691.08
parent company
Minority interests 73765088.02 74438357.82
Total owners’ equity 11880267659.21 11571894048.90
Total liabilities and owner’s equity 16663562175.70 17208063114.15
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
3. Consolidated Income Statement
In RMB
Item Amount of the current period Amount of the previous period
I. Total operating income 1962936648.19 2076194452.05
Inc: Operating income 1962936648.19 2076194452.05
Interest income
Earned premium
Fee and commission income
II. Total operating costs 1669917028.26 1752513463.62
Inc: Operating costs 900942867.19 981571995.43
Interest expenses
8Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
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 9336043.07 9148370.58
Sales expenses 624831408.45 636571393.23
Administrative expenses 104986934.55 96991129.85
R&D expenses 60755346.55 62500918.10
Financial expenses -30935571.55 -34270343.57
Including: Interest expenses 780231.95 883305.19
Interest income 34815657.42 35677782.29
Add: other income 48251789.09 40262154.52
Investment income (“-” for
21819352.082620688.10
losses)
Including: Income from
investment in joint ventures and 58158.02 -3004364.10
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
26997012.2823314042.05
(“-” for losses)Losses from asset impairment (“--26137146.1511423666.09
” for losses)
Gains on disposal of assets (“-”
-269628.95-2064442.82
for losses)
III. Operating profits (“-” for losses) 363680998.28 399237096.37
Add: non-operating income 755658.47 518377.14
Less: non-operating expenditure 1718516.98 1188766.48
IV. Total profits (“-” for total losses) 362718139.77 398566707.03
Less: income tax expenses 56726612.66 62954693.12
V. Net profits (“-” for losses) 305991527.11 335612013.91
(I) By operational sustainability
1. Net profits from continuing
305991527.11335612013.91
operations (“-” for net losses)
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profits attributable to owners
306638947.40340019016.58
of the parent company
2. Minority shareholders’ gains and
-647420.29-4407002.67
losses
9Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
VI. After-tax net amount of other -2189262.23 -345118.46
comprehensive income
After-tax net amount of other
comprehensive income attributable to the -2163412.72 -345118.46
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 -2163412.72 -345118.46
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
-2163412.72-345118.46
currency statements
7. Others
After-tax net amount of other
comprehensive income attributable to -25849.51
minority shareholders
VII. Total comprehensive income 303802264.88 335266895.45
Total comprehensive income
attributable to owners of the parent 304475534.68 339673898.12
company
Total comprehensive income
-673269.80-4407002.67
attributable to minority shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 0.32 0.36
(II) Diluted EPS 0.32 0.36
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
In RMB
Item Amount of the current period Amount of the previous period
I. Cash flow from operating activities:
10Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
Cash received for the sale of goods
2051834655.572492115054.87
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 27766131.47 12102370.96
Cash received relating to other
21724229.0672598379.75
operating activities
Subtotal of cash inflow from operating
2101325016.102576815805.58
activities
Cash paid for purchased products and
1344547691.951582634369.72
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
338462751.07340323826.97
employees
Cash paid for taxes 120951755.05 176766557.79
Cash paid related to other operating
718600676.85664584013.59
activities
Subtotal of cash outflow from operating
2522562874.922764308768.07
activities
Net cash flow from operating activities -421237858.82 -187492962.49
II. Cash flow from investment activities:
Cash received from return of
1795071726.22200000000.00
investments
Cash received from return on 22777765.52 5688700.00
11Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
investments
Net cash received from disposal of
fixed assets intangible assets and other 29294.70
long-term assets
Net cash received from disposal of
subsidiaries and other business entities
Cashes received related to other
105780968.461426891643.84
investment activities
Subtotal of cash inflow from investment
1923630460.201632609638.54
activities
Cash paid for purchase and
construction of fixed assets intangible 69056600.06 63778233.36
assets and other long-term assets
Cash paid to investments 890000000.00 1350000000.00
Net increase in pledged loans
Net cash from subsidiaries and other
operating entities
Cash paid related to other investment
283073600.00200000000.00
activities
Subtotal of cash outflow from investment
1242130200.061613778233.36
activities
Net cash flow from investment activities 681500260.14 18831405.18
III. Cash flow from financing activities:
Cash from acquiring investments 2337012.70
Including: Cash received by
subsidiaries from investments of 1677616.20
minority shareholders
Cash from acquiring debts 42100000.00 39600000.00
Other cashes received in relation to
financing activities
Subtotal of cash inflow from financing
42100000.0041937012.70
activities
Cash paid for repayments of debts 41608555.85 33013457.92
Cash paid for distribution of
504297.51
dividends profits or interest expenses
Including: Dividends or profits paid
by subsidiaries to minority shareholders
Other cashes paid in relation to
739366.00704158.08
financing activities
Subtotal of cash outflow from financing
42347921.8534221913.51
activities
Net cash flow from financing activities -247921.85 7715099.19
IV. Effect of change in exchange rate on
-740065.96-61589.16
cash and cash equivalents
V. Net increase in cash and cash
259274413.51-161008047.28
equivalents
Plus: Opening balance of cash and
1169244689.171518303556.89
cash equivalents
VI. Closing balance of cash and cash
1428519102.681357295509.61
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
12Q1 2026 Report of Hangzhou Robam Appliances Co. Ltd.
(III) Audit report
Whether the Q1 financial report has been audited
□ Yes□No
The Q1 financial report of the Company has not been audited.Board of Directors of Hangzhou Robam Appliances Co. Ltd.April 28 2026
13
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