Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Wuxi Little Swan Company Limited
Report for the Third Quarter of 2015
October 2015
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Wuxi Little Swan Company Limited (hereinafter referred to as “the Company”) warrant that this report is
factual, accurate and complete without any false record, misleading statement or material omission. And they shall
be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Fang Hongbo, chairman of the Board of Directors, Mr. Sun Yunan, CFO, and Mr. Zhong Fangliu, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual,
accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 12,585,033,082.49 11,376,793,928.71 10.62%
Net assets attributable to shareholders of the
4,846,345,765.01 4,427,982,112.33 9.45%
Company (RMB Yuan)
YoY increase YoY increase
Jul.-Sept. 2015 Jan.-Sept. 2015
/decrease (%) /decrease (%)
Operating revenues (RMB Yuan) 3,510,072,100.54 25.17% 9,611,975,965.14 23.57%
Net profit attributable to shareholders of the
255,058,086.34 28.92% 685,752,354.91 33.36%
Company (RMB Yuan)
Net profit attributable to shareholders of the
Company after extraordinary gains and losses 219,795,998.78 27.64% 588,911,220.79 32.43%
(RMB Yuan)
Net cash flows from operating activities (RMB
-- -- 2,573,223,119.81 154.02%
Yuan)
Basic EPS (RMB Yuan/share) 0.40 29.03% 1.08 33.33%
Diluted EPS (RMB Yuan/share) 0.40 29.03% 1.08 33.33%
Weighted average ROE (%) 5.41% 0.63% 14.95% 2.42%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Amount as of
Item Note
Jan.-Sept. 2015
Gains/losses on the disposal of non-current assets (including the offset part of asset
-239,763.40
impairment provisions)
Government grants recognized in the current period, except for those acquired in the ordinary
course of business or granted at certain quotas or amounts according to the country’s unified 21,113,821.61
standards
Gain/loss on entrusting others with investments or asset management 97,336,543.98
Gain/loss on debt restructuring 5,139,757.88
Reversal of impairment provisions for the accounts receivable on which impairment tests were 341,340.00
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
carried out separately
Other non-operating income and expenses than the above 7,516,565.87
Less: Income tax effects 19,677,549.20
Minority interests effects (after tax) 14,689,582.62
Total 96,841,134.12 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
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 period-end 24,977
Shareholdings of the top ten common shareholders
Pledged or frozen
Number of
Shareholding Number of shares
Nature of restricted
Name of shareholder percentage the shares Number
shareholder shares Status of
(%) held of
held shares
shares
Domestic
MIDEA GROUP CO., LTD. non-state-owned 37.78% 238,948,117
corporation
TITONI INVESTMENTS DEVELOPMENT
Foreign corporation 14.89% 94,204,942
LTD.
GAOLING FUND, L.P. Foreign corporation 3.43% 21,694,456
State-owned
FINANCE BUREAU OF WUXI 2.70% 17,054,071
corporation
CHINA SECURITIES FINANCE State-owned
1.90% 12,036,290
CORPORATION LIMITED corporation
GREENWOODS CHINA ALPHA MASTER
Foreign corporation 1.65% 10,463,425
FUND
State-owned
Central Huijin Investment Ltd. 1.61% 10,156,300
corporation
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Domestic
NATIONAL SOCIAL SECURITY FUND
non-state-owned 1.11% 7,000,029
PORTFOLIO 102
corporation
LMA SPC F/B/O MAP 147 SEGREGATED
Foreign corporation 0.75% 4,750,518
PORTFOLIO
Domestic
CITIC Securities Co., Ltd. non-state-owned 0.74% 4,687,195
corporation
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted Type of shares
Name of shareholder common shares held
Type Number
at the period-end
MIDEA GROUP CO., LTD. 238,948,117 RMB ordinary share 238,948,117
TITONI INVESTMENTS DEVELOPMENT
94,204,942 Domestically listed foreign share 94,204,942
LTD.
GAOLING FUND, L.P. 21,694,456 Domestically listed foreign share 21,694,456
FINANCE BUREAU OF WUXI 17,054,071 RMB ordinary share 17,054,071
CHINA SECURITIES FINANCE
12,036,290 RMB ordinary share 12,036,290
CORPORATION LIMITED
GREENWOODS CHINA ALPHA MASTER
10,463,425 Domestically listed foreign share 10,463,425
FUND
Central Huijin Investment Ltd. 10,156,300 RMB ordinary share 10,156,300
NATIONAL SOCIAL SECURITY FUND
7,000,029 RMB ordinary share 7,000,029
PORTFOLIO 102
LMA SPC F/B/O MAP 147 SEGREGATED
4,750,518 Domestically listed foreign share 4,750,518
PORTFOLIO
CITIC Securities Co., Ltd. 4,687,195 RMB ordinary share 4,687,195
Explanation on associated relationship or/and MIDEA GROUP CO., LTD. and TITONI INVESTMENTS DEVELOPMENT
persons LTD. are parties acting in concert.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company
carry out any agreed buy-back in the reporting period?
□ Yes √ No
No any top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out
any agreed buy-back in the reporting period during the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
Section III. Significant Events
I. Major changes in main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Unit: RMB Ten Thousand Yuan
Financial Increase/ Increase/
30 Sept. 2015 31 Dec. 2014 Explanation
statement item decrease decrease (%)
We enhanced capital management, adopting notes
Monetary funds 406,246.43 305,991.50 100,254.93 33%
payable instead of cash more often in payment.
Notes receivable 167,641.95 314,715.35 -147,073.40 -47% Due notes receivable from customers were honored.
Prepayments 22,483.03 14,297.75 8,185.28 57% Prepayments for materials increased.
Other receivables 2,411.00 3,461.20 -1,050.20 -30% The export tax rebates from last year were received.
Other current assets 338,245.87 194,797.22 143,448.64 74% We invested more in banks’ financial products.
Long-term deferred
489.56 185.20 304.36 164% The expenses on molds increased.
expenses
Banker’s acceptance bills drawn by the Company
Notes payable 158,843.30 117,385.11 41,458.19 35%
were adopted more often in payment.
The dividends for some shareholders with restricted
Dividends payable 540.07 408.81 131.25 32%
shares for 2014 were unpaid.
Financial Jan.-Sept. Jan.-Sept. Increase/ Increase/
Explanation
statement item 2015 2014 decrease decrease (%)
Administrative
43,430.08 32,582.10 10,847.98 33% The expense on remuneration and R&D increased.
expenses
The interest on deposits and the exchange gains due
Financial expenses -8,192.47 -4,341.62 -3,850.85 -89%
to exchange rate fluctuations increased.
In the same period of last year, a provision of RMB
Asset impairment losses 866.84 2,243.10 -1,376.26 -61% 13.74 million was made for impairment of fixed
assets.
Gains on fair value The losses on fair value changes of forward exchange
-24.89 -1,339.08 1,314.19 98%
changes contracts decreased.
Non-business expenses 3,626.80 2,721.71 905.08 33% Government subsidies granted increased.
Net profits 79,871.63 58,231.35 21,640.28 37% The sales volume increased.
Minority shareholders’ The net profits of subsidiary Hefei Midea Washing
11,296.40 6,811.20 4,485.19 66%
income Machine Co., Ltd. increased.
Report for the Third Quarter of 2015 of Wuxi Little Swan Company Limited
The translation difference of foreign-currency
Other comprehensive
120.01 26.65 93.36 350% statements of the Singapore subsidiary changed as a
incomes
result of exchange rate fluctuations.
The cash received from sale of goods and rendering
Net cash flows from of services increased as the sales volume increased.
257,322.31 101,301.89 156,020.42 154%
operating activities Meanwhile, the operating receivables decreased and
the operating payables increased.
Net cash flows from
-250,227.95 -17,600.36 -232,627.59 -1322% We invested more in banks’ financial products.
investing activities
Net cash flows from
-18,585.37 -8,999.89 -9,585.48 -107% The cash paid as dividends increased.
financing activities
Net increase in cash and
-11,491.01 74,701.65 -86,192.66 -115% The investing and financing cash flows increased.
cash equivalents
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
√ Applicable □ Inapplicable
Time of Period
Commitment making of Fulfil
Commitment
