GreeElectricAppliances,Inc.ofZhuhai
2022AnnualReport
April2023
2022AnnualReportSectionIImportantNotice,ContentsandParaphrase
TheBoardofDirectors,BoardofSupervisors,directors,supervisorsandseniorexecutivesoftheCompanyherebyguaranteethatthecontentsareauthentic,accurateandcomplete,withoutfalserecords,misleadingrepresentationsormaterialomissionsintheAnnualReport,andshalltakeallthejointandseverallegalliabilities.DongMingzhu,theCompany'sresponsibleperson,LiaoJianxiong,responsiblepersoninchargeofaccountingworkandLiuYanzi,theAccountingDepartment'sresponsibleperson(accountingsuperintendent)herebydeclareandwarrantthatthefinancialreportintheAnnualReportisauthentic,accurateandcomplete.AllthedirectorshaveattendedthemeetingoftheBoardofDirectorsinrespectofdeliberationoftheAnnualReport.Theforward-lookingstatementssuchasfutureplansanddevelopmentstrategiesintheAnnualReportdonotconstituteasubstantivecommitmentoftheCompanytoinvestors.Investorsandrelevantpersonsshouldthereforemakerationalinvestmentbasedonanawarenessofriskfactorsattendantininvestmentandunderstandthedifferencesbetweenplans,forecastsandcommitments.TheCompany'sprofitdistributionproposalpassedupondeliberationatthemeetingoftheBoardofDirectorsissetoutasbelow:Basedonthetotalsharecapitalof5,613,841,613sharesenjoyingprofitdistributionrightsat
thetimeofdisclosureofthisprofitdistributionplan(thetotalstockcapitalof5,631,405,741sharesexcludingthe17,564,128sharesheldintherepurchaseaccountoftheCompany),theCompanyplanstodistributeallshareholdersacashdividendofRMB10(taxincluded)per10shares,butdoesnotplantogiveanybonusshareorconvertanycapitalreservesintosharecapital.
Contents
SectionIImportantNotice,ContentsandParaphrase ...... 2
SectionIICompanyProfileandMainFinancialIndicators ...... 7
SectionIIIManagementDiscussionandAnalysis ...... 12
SectionIVCorporateGovernance ...... 58
SectionVEnvironmentalandSocialResponsibility ...... 82
SectionVIImportantMatters ...... 131
SectionVII.ChangesinSharesandShareholders............................................................155
SectionVIIIPreferredShareRelatedInformation ...... 166
SectionIXBondRelatedInformation ...... 167
SectionXFinancialStatements ...... 170
References
(I)TheaccountingstatementssignedandsealedbyDongMingzhu,thelegalrepresentative,LiaoJianxiong,responsiblepersoninchargeofaccountingworkandLiuYanzi,theAccountingDepartment'sresponsibleperson.(II)TheoriginalauditreportsealedbyUnionPowerCertifiedPublicAccountants(SpecialGeneralPartnership)withsignaturesandsealsofcertifiedpublicaccountantsWuZihaoandQiuYiwu.(III)OriginalsandoriginaldraftsofalltheCompany'sdocumentsandannouncementspublishedonthenewspapersdesignatedbyCSRCandonCNINFO(http://www.cninfo.com.cn)withinthereportperiod.
Paraphrase
Items
| Items | Means | Contents |
| Company,theCompany,theEnterprise,GreeElectricAppliancesorGree | Means | GreeElectricAppliances,Inc.ofZhuhai |
| ZhuhaiMingjun | Means | ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) |
| FinanceCompany | Means | ZhuhaiGreeGroupFinanceCompanyLimited |
| JinghaiInternet | Means | JinghaiInternetTechnologyDevelopmentCo.,Ltd. |
| DunAnEnvironment | Means | ZhejiangDunAnArtificialEnvironmentCo.,Ltd. |
| GreeAltairnano | Means | GreeAltairnanoNewEnergyInc. |
| CSRC | Means | ChinaSecuritiesRegulatoryCommission |
| ReportPeriod | Means | January1,2022toDecember31,2022 |
SectionIICompanyProfileandMainFinancialIndicators
I.Companyinformation
StockAbbreviation
| StockAbbreviation | GreeElectricAppliances | StockCode | 000651 |
| StockExchange | ShenzhenStockExchange | ||
| NameinChinese | 珠海格力电器股份有限公司 | ||
| NameAbbreviationinChinese | 格力电器 | ||
| NameinForeignLanguage(ifany) | GreeElectricAppliances,Inc.ofZhuhai | ||
| NameAbbreviationinForeignLanguage(ifany) | Gree | ||
| LegalRepresentativeoftheCompany | DongMingzhu | ||
| RegisteredAddress | Room608,No.108HuitongThirdRoad,HengqinNewArea,ZhuhaiCity | ||
| PostCodeofRegisteredAddress | 519031 | ||
| HistoricalChangestotheCompany'sRegisteredAddress | OnAugust26,2021,itwaschangedfromJinjiWestRoad,Qianshan,ZhuhaiCity,GuangdongProvincetoitscurrentregisteredaddress | ||
| OfficeAddress | JinjiWestRoad,Qianshan,ZhuhaiCity,GuangdongProvince | ||
| PostCodeofOfficeAddress | 519070 | ||
| Website | http://www.gree.com.cn | ||
| gree0651@cn.gree.com | |||
II.Contactsandcontactinformation
| SecretaryoftheBoardofDirectors | SecuritiesAffairsRepresentative | |
| Name | DengXiaobo | WuQingqing |
| Address | JinjiWestRoad,Qianshan,ZhuhaiCity,GuangdongProvince | JinjiWestRoad,Qianshan,ZhuhaiCity,GuangdongProvince |
| Tel. | 0756-8669232 | 0756-8669232 |
| Fax | 0756-8614998 | 0756-8614998 |
| gree0651@cn.gree.com | gree0651@cn.gree.com |
III.Informationdisclosureandplaceofthereport
| WebsiteofthestockexchangetowhichtheCompany'sAnnualReportisdisclosed | ShenzhenStockExchange(http://www.szse.cn) |
| MediatowhichtheCompany'sAnnualReportisdisclosedandtheirwebsite | ChinaSecuritiesJournal,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDaily,andCNINFO(http://www.cninfo.com.cn) |
| PlacewheretheCompany'sAnnualReportisavailableforinspection | InvestmentManagementDepartmentoftheCompany |
IV.Alterationofregistration
UnifiedSocialCreditCode
| UnifiedSocialCreditCode | 91440400192548256N |
| Changes(ifany)inthemainbusinesssincelistingoftheCompany | Nochange |
| Changes(ifany)inthecontrollingshareholders | OnDecember2,2019,GreeGroupandZhuhaiMingjunsignedtheShareTransferAgreement.GreeGroupplannedtotransfer902,359,632sharesoftheCompanywithunlimitedsalesconditionsheldbyGreeGrouptoZhuhaiMingjunatapriceofRMB46.17/share;onDecember13,2019,theZhuhaiMunicipalPeople'sGovernmentandtheState-OwnedAssetsSupervisionandAdministrationCommissionoftheStateCouncil(SASAC)ofZhuhaiCityseparatelyapprovedthesharetransfer.GreeGroupobtainedtheTransferRegistrationConfirmationissuedbyShenzhenBranchofChinaSecuritiesDepositoryandClearingCorporationLimited(CSDC)onFebruary3,2020.TheregistrationproceduresforthesharetransferunderaforesaidAgreementhavebeencompleted,andthetransferdateisJanuary23,2020.Afterthecompletionofthesharetransferregistration,theCompanyhasneitheracontrollingshareholdernoranactualcontroller. |
V.Otherrelatedinformation
AccountingfirmengagedbytheCompany
| Nameoftheaccountingfirm | UnionPowerCertifiedPublicAccountants(SpecialGeneralPartnership) |
| Officeaddressoftheaccountingfirm | 169DonghuRoad,WuchangDistrict,WuhanCity |
| Namesofundersignedaccountants | WuZihaoandQiuYiwu |
SponsorengagedbytheCompanytoperformcontinuoussupervisionduringthereportperiod
□Applicable?NotApplicableFinancialadviserengagedbytheCompanytoperformcontinuoussupervisionduringthereportperiod
□Applicable?NotApplicable
VI.Mainaccountingdataandfinancialindicators
WhethertheCompanyhasretroactiveadjustmentorrestatementofpreviousaccountingdata
□Yes?No
| Item | 2022 | 2021 | Increase/DecreaseOverthePreviousYear | 2020 |
| Operatingrevenue(yuan) | 188,988,382,706.68 | 187,868,874,892.71 | 0.60% | 168,199,204,404.53 |
| NetprofitsattributabletoshareholdersofthelistedCompany(yuan) | 24,506,623,782.46 | 23,063,732,372.62 | 6.26% | 22,175,108,137.32 |
| NetprofitsattributabletoshareholdersofthelistedCompanylessnon-recurringprofitsandlosses(yuan) | 23,986,248,264.15 | 21,850,050,895.31 | 9.78% | 20,285,816,036.00 |
| Netcashflowsfrom | 28,668,435,921.27 | 1,894,363,258.72 | 1,413.35% | 19,238,637,309.16 |
operatingactivities(yuan)
| operatingactivities(yuan) | ||||
| Basicearningspershare(yuan/share) | 4.43 | 4.04 | 9.65% | 3.71 |
| Dilutedearningspershare(yuan/share) | 4.43 | 4.04 | 9.65% | 3.71 |
| Weightedaveragereturnonequity | 24.19% | 21.34% | 2.85% | 18.88% |
| Item | AttheEndof2022 | AttheEndof2021 | Increase/DecreaseOvertheEndofPreviousYear | AttheEndof2020 |
| Totalassets(yuan) | 355,024,758,878.82 | 319,598,183,780.38 | 11.08% | 279,217,923,628.27 |
| NetassetsattributabletoshareholdersofthelistedCompany(yuan) | 96,758,734,892.25 | 103,651,654,599.87 | -6.65% | 115,190,211,206.76 |
ThenetprofitsoftheCompanybeforeandafterdeductingnon-recurringprofitsandlossesinthelastthreefiscalyears,whicheverislower,isnegative,andtheauditreportofthelastyearshowsthattheCompany'sabilitytocontinueasagoingconcernisuncertain
□Yes?NoThenetprofitsbeforeandafterdeductingnon-recurringprofitsandlosses,whicheverislower,isnegative
□Yes?NoVII.Accountingdatadifferencesunderdomesticandforeignaccountingstandards
1.Differencesinnetprofitsandnetassetsinthefinancialreportdisclosedundertheinternationalaccountingstandardsandthatdisclosedunderthedomesticaccountingstandards
□Applicable?NotApplicableTherewasnodifferenceinnetprofitsandnetassetsinthefinancialreportdisclosedundertheinternationalaccountingstandardsandthatdisclosedunderthedomesticaccountingstandardsduringthereportperiod.
2.Differencesinnetprofitsandnetassetsinthefinancialreportdisclosedundertheoverseasaccountingstandardsandthatdisclosedunderthedomesticaccountingstandards
□Applicable?NotApplicableTherewasnodifferenceinnetprofitsandnetassetsinthefinancialreportdisclosedundertheoverseasaccountingstandardsandthatdisclosedunderthedomesticaccountingstandardsduringthereportperiod.VIII.Quarter-basedmainfinancialindicators
Unit:yuan(RMB)
| Item | Quarter1 | Quarter2 | Quarter3 | Quarter4 |
| Operatingrevenue | 35,259,628,917.19 | 59,962,697,105.04 | 52,266,633,176.32 | 41,499,423,508.13 |
| Netprofitsattributabletoshareholdersoflistedcompany | 4,003,315,961.30 | 7,463,163,671.32 | 6,837,644,520.12 | 6,202,499,629.72 |
| Netprofitsattributabletoshareholdersof | 3,774,746,923.56 | 7,832,675,090.66 | 6,959,445,436.62 | 5,419,380,813.31 |
listedcompaniesafterdeductionofnon-recurringprofitsandlosses
| listedcompaniesafterdeductionofnon-recurringprofitsandlosses | ||||
| Netcashflowsfromoperatingactivities | 3,394,256,789.15 | 9,750,003,578.44 | 9,314,360,824.83 | 6,209,814,728.85 |
Whethermajordifferencesexistbetweentheabovefinancialindicatorsortheirsumandthoseinthedisclosedquarterlyreportandsemi-annualreport
□Yes?NoIX.Non-recurringprofitandlossitemsandamounts
?Applicable□Notapplicable
Unit:yuan(RMB)
| Item | Amountin2022 | Amountin2021 | Amountin2020 | Description |
| Profitsandlossesfromdisposalofnon-currentassets(includingthewrite-offofaccruedassetimpairmentreserves) | -51,428,778.52 | -7,498,891.48 | -4,974,224.62 | Fordetails,pleaserefertothisNoteV.67,68,and69 |
| Governmentalsubsidiesincludedinthecurrentprofitsandlosses(excludingthegovernmentalsubsidiescloselyrelatingtothenormalbusinessoperationsoftheCompany,conformingtonationalpoliciesandregulations,andenjoyedbyafixedquotaorafixedamountinaccordancewithacertainstandard) | 873,695,831.91 | 875,778,734.20 | 1,346,168,393.38 | Fordetails,pleaserefertothisNoteV.62and68 |
| Fundpossessioncostcollectedfromthenon-financialinstitutionandincludedinthecurrentprofitsandlosses | 6,234,097.19 | 883,505.62 | ||
| InadditiontotheeffectivehedgingbusinessrelatedtotheCompany'snormalbusinessoperations,theprofitsandlossesfromfairvaluechangesgeneratedbyholdingtradingfinancialassets,derivativefinancialassets,tradingfinancialliabilitiesandderivativefinancialliabilities,andinvestmentincomesobtainedfromthedisposaloftradingfinancialassets,derivativefinancialassets,tradingfinancialliabilities,derivativefinancialliabilitiesandotherdebtinvestment | -300,034,685.05 | 369,460,356.97 | 877,450,950.74 | |
| Reversalofimpairmentreservesforthereceivablesunderindependentimpairmenttest | 118,276,955.90 | 16,844,984.00 | ||
| Non-operatingrevenuesandexpendituresotherthantheaboveitems | -25,299,493.59 | 58,510,843.19 | 50,024,914.68 | Fordetails,pleaserefertothisNoteV.68and69 |
| Otherprofitandlossitemsconformingtothedefinitionofnon-recurringprofitsandlosses | -30,904,028.44 | 13,691,263.12 | 17,915,425.64 | |
| Less:Amountaffectingincometax | 64,515,784.15 | 82,923,289.84 | 386,974,457.37 | |
| Amountaffectingminorityequity(aftertax) | -585,500.25 | 36,416,620.04 | 11,202,406.75 |
Total
| Total | 520,375,518.31 | 1,213,681,477.31 | 1,889,292,101.32 | -- |
Detailsofotherprofitandlossitemsconformingtothedefinitionofnon-recurringprofitsandlosses:
?Applicable□Notapplicable
Unit:yuan(RMB)
| Item | AmountinCurrentReportPeriod | Causes |
| Otherprofitandlossitemsconformingtothedefinitionofnon-recurringprofitsandlosses | -30,904,028.44 | Commissionsrefundofindividualincometaxandothers |
Descriptionofdefiningthenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesasrecurringprofitandlossitems
□Applicable?NotApplicableNonon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesweredefinedbytheCompanyasrecurringprofitandlossitems.
SectionIIIManagementDiscussionandAnalysis
I.IndustrysituationoftheCompanyduringthereportperiod
1.Consumerfield?multichannelpromotionofconsumptionupgradingforoverallpressureonthehouseholdapplianceindustryIn2022,theoverallpressureonsalesinthehouseholdapplianceindustryhasledtoincreasinglyfiercemarketcompetition.Thepenetrationrateofemergingchannelscontinuestogrow,acceleratingtheintegrationofonlineandofflinechannels.Gree'sproductsintheconsumptionfieldcoverresidentialairconditioners,HVAC,refrigerators,washingmachines,waterheaters,kitchenappliances,andenvironmentalproducts,etc.In2022,theCompanyworkedhardinthefaceofchallengesandchanges.Ithascontinuouslyimproveditsinternalstrength,upgradeditsindustry,deeplyexploredconsumerdemand,andcontinuouslyinnovatedproductsprovidingtousers,achievingsteadygrowthinoverallperformance.
(1)TheindustrysizeofthehouseholdapplianceexperienceddeclinesIn2022,boththeexportanddomesticmarketsalesofthehouseholdapplianceindustryexperiencedvaryingdeclinesinthescale.The2022AnnualReportofChina'sHouseholdApplianceIndustryissuedbytheNationalHouseholdApplianceIndustryInformationCenter(NAIC)showsthatthedomesticsalesvolumeofthehouseholdapplianceindustryin2022wasRMB730.72billion,withayear-on-yeardecreaseof9.5%.Affectedbyfactorssuchasglobalinflationandthecomplexandvolatileinternationalsituation,theexportvalueofChina'shouseholdapplianceshasdecreased.In2022,theexportvolumeofthehouseholdapplianceindustrywasRMB568.16billion,withayear-on-yeardecreaseof10.9%.
(2)Themarketsizeoftheairconditionerdeclinedin2022In2022,theglobalandChineseexternalenvironmentofairconditionermarketswaspoor,withasignificantdeclineinthesalesmarketsize.ThesummarydatareleasedbyAllViewCloud(AVC)showsthattheglobalmarketsizeofhouseholdairconditionersin2022was160millionsets,withayear-on-yeardecreaseof3.1%,andthedomesticmarketsizewas80.22millionsets,withayear-on-yeardecreaseof1.6%.Aircon'sstatisticsshowa2.6%year-on-yeardeclineintheoverallmarketcapacityofcentralairconditionersinChinain2022.
(3)IncreaseinpenetrationrateofemergingchannelschangedthechannelstructureWiththechangesinusers'lifestyles,interests,andhobbies,thetraditionalofflinesaleshavebeenshiftingtowardsonline.The2022AnnualReportofChina'sHouseholdApplianceIndustryissuedbytheNAICshowsthattheonlineretailsalesvolumeofChina'shouseholdapplianceindustryreachedRMB422.66billion,withacontributionrateof57.8%,indicatingafurtherincreaseintheproportionofonlinechannels.Theriseofemergingchannelssuchasshort-formvideoandlivestreamshasdividedupthemarketshareoftraditionale-commercechannels,drivingtheadjustmentofthechannelstructure.
2.Industrialfield?steadyprogressoftheindustrywithacceleratedstructuraladjustmentandtransformationandupgradingAccordingtodatafromtheMinistryofIndustryandInformationTechnology(MIIT),in2022,China'stotalindustry'svalueaddedexceededtheRMB40trillion,accountingfor33.2%ofGDP.Themanufacturingindustry'svalueaddedaccountedfor
27.7%ofGDP,anditssizehasrankedfirstintheworldfor13consecutiveyears;thehigh-techmanufacturingindustryaccountedfor15.5%ofthevalueaddedofindustriesabovedesignatedsize,whiletheequipmentmanufacturingindustryaccountedfor31.8%ofthesame.Theproductionofnewenergyvehiclesandphotovoltaicshasconsistentlyrankedfirstintheworldformanyyears.Thetransformationandupgradingoftraditionalindustrieshavebeenaccelerating,andaswellasthedevelopmentofnewindustries,theindustrialsystemhasbeenmoresound,withthecontinuouslyoptimizedindustrialstructure.TheCompanyhasactivelypromotedindustrialtransformation,withindustrialproductscoveringhigh-endequipment,precisionmolds,compressors,motors,industrialenergystorage,newenergybuses,renewableresources,etc.,transformingandupgradingfrom"traditionalmanufacturing"to"intelligentmanufacturing,"strivingtobuildahigh-end,intelligent,andgreentechnology-basedenterprise.
(1)IntelligentmanufacturingboostsindustrialtransformationandupgradingFromMadeinChina2025toDevelopmentPlanonSmartManufacturingDuringthe"14thFive-YearPlan",relevantpoliciesalltakethedevelopmentofadvancedintelligentmanufacturingindustryasthecoregoaltooverallarrangeandplanthepromotionofmanufacturingpower.Basedonthestrongsupportofthegovernment,China'sintelligentmanufacturingindustryhasmaintainedarapidgrowth,andithasbecomeanewdevelopmentdirectionforChina'smodernadvanced
manufacturingindustry.AccordingtodatafromShangpuGroup,amarketresearchinstitution,themarketsizeofChina'sintelligentmanufacturingindustryin2022isUSD540billion,anditisexpectedtoreachUSD700billionby2024.
(2)ThenewenergysectormaintainsacontinuoushighprosperityDrivenbythe"dualcarbon(carbonpeakingandcarbonneutrality)policies",thenewenergyindustryhasanobviousgrowthtrend.TheActionPlanforCarbonPeakingBefore2030issuedbytheStateCouncilclearlyproposestovigorouslypromotenewenergyvehicles,achievingtheproportionofabout40%ofnewandcleanenergy-poweredvehiclesby2030.AccordingtothedatareleasedbytheChinaPassengerCarAssociation(CPCA),themarketpenetrationrateofnewenergypassengervehiclesreached27.6%in2022,whichwillfurtherincreaseto36%in2023basedonpredictions.Itwillcontinuetorapidlyincreaseinthefuture.AccordingtodatafromChinaBuses(www.chinabuses.org),in2022,thesalesofnewenergybusesabove6mbykeydomesticbuscompaniesincreasedby21.49%year-on-year,markingtheboomingdevelopmentofthenewenergybusmarket.
(3)EnergystorageindustrydevelopscontinuouslyandrapidlyIn2022,China'senergystorageindustrystillmaintainedarapiddevelopmenttrend,whilethepolicysystemsupportingenergystoragecontinuedtoimprove,andenergystoragemadebreakthroughs.Itsglobalmarketdemandisstrong,andthecreationofenergystoragestandardsisaccelerating,providingstrongsupportforitsrapiddevelopment.AccordingtodatareleasedbytheNationalEnergyAdministration,asoftheendof2022,theinstalledcapacityofnewenergystorageprojectsthathavebeenputintooperationinChinahasreached8.7GW,withayear-on-yearincreaseofover110%.In2022,theNationalEnergyAdministrationandtheNationalDevelopmentandReformCommission(NDRC)haveintroducedmanypolicieswithregardtoenergystoragedevelopment,coordinatingthepromotionofnewenergystoragepilotprojects.BasedontheGuidanceonAcceleratingtheDevelopmentofNewEnergyStoragereleasedbytheNationalEnergyAdministrationandtheNDRC,itisexpectedthattheinstalledcapacityofnewenergystorageinChinawillincreaseto30GWby2025.Itisthusclearthatnewenergystoragewillcontinuetodevelopatahighspeed,withacompoundannualgrowthrateof55%?70%,andthemarketsizewillrepeatedlyreachnewhighs.
(4)Productioncapacitygrowthoftheairconditioningcompressorisunderpressurewhileupgradingandoptimizingofefficientandenergy-savingdrivetechnologyofthecompressorAccordingtothedatafromChinaIOL.com,theproductionofrotorcompressorsin2022was232.61millionsets,withayear-on-yeardecreaseof2.4%,andsaleswere233.26millionsets,withayear-on-yeardecreaseof2.2%.WiththedeepeningimplementationofChina'snewenergyefficiencystandardsforairconditioners,theairconditionerindustryhasenteredaneraofhighenergyefficiency.Thehigh-efficiencyandenergy-savingtechnologiessuchasinvertershavebecomestandardconfigurations.Productswithinvertershaveoccupiedtheabsolutemainstream,ofwhichmeetinglevel1orlevel3innewenergyefficiencystandardshasdominatedthemarket.ThesummarydatareleasedbyAVCshowsthatthesalesofinverterairconditionersintheonlineandofflinemarketsaccountedforover90%in2022.Thedemandforinvertersandhigh-efficiencyandenergy-savingairconditionerproductshascontinuedtodrivetheupgradingofcompressortechnology.II.MajorbusinessesoftheCompanyduringthereportperiod
GreeElectricAppliances,Inc.ofZhuhaiisadiversifiedandtechnologicalglobalindustrialgroupandhasthreemajorconsumerbrandsofGree,TOSOTandKINGHOME,andindustrialbrandsofLANDA,Kaibang,andXinyuan,etc.Itsindustrycoverstwomajorareasofhouseholdconsumergoodsandindustrialequipment.Intheconsumptionfield,itcoversresidentialairconditioners,HVAC,refrigerators,washingmachines,waterheaters,kitchenappliances,environmentalappliances,communicationproducts,smartbuildingsystems,andsmarthouseholdappliances;intheindustrialfield,itcovershigh-endequipment,precisionmolds,freezersandrefrigerationequipment,motors,compressors,capacitors,semiconductordevices,precisioncastingequipment,basicmaterials,industrialenergystorage,andrenewableresources.Gree'sproductsaresoldinmorethan190countriesandregions,providingconsumerswithsatisfactoryproducts,services,andintelligentsceneselection,tocreateabetterlifeforconsumers.Accordingtothe2022GrassrootsResearchReportonChina'sCentralAirConditionerIndustryreleasedinHVACandHeatPumpsbyicmzone.com,GreerankedfirstinthecentralairconditionermarketwithamarketsizeofoverRMB20billionin2022,maintainingaleadingpositioninmarketshareforelevenconsecutiveyears.Inthechillermarket,Greefirmlyrankedfirstwithamarketshareof12.7%;intheVRFmarket,itledfarwithamarketshareofover20%;intheunitaryairconditionermarket,itledwithamarketshareof35.6%;intheengineeringprojectmarket,itledallotherbrandswithamarketshareofover15%,andrankedfirstinthecentralairconditionerindustryin2022withmarketsizeofoverRMB20billion.Gree'scentralairconditionershasservedmorethan100,000projectsworldwide,whileGree'schillersalesleading
theindustryandservingseverallargedatacenterswithnationalinfluenceandtelecommunicationsoperators’5Gcentralizedprocurementprojects.Greehasbecomethefirstcentralairconditionerbrandworthbillionsintheindustry.In2022,theCompanyhascontinuedtoimproveitsproductlineforhouseholdappliances,graduallyformingaproductimageof"GreeforMakingBetterAppliance".AccordingtodatafromAVC,Gree'selectricfanhadamarketshareof20.68%,rankingfirstintheindustry;themarketshareofelectricheaterproductswas14.01%,rankingsecondintheindustry.Adherestothecorporatevisionof"creatingaworld-classenterprise,achievingacentury-oldbrandofGree,"themissionof"carryforwardthespiritofindustry,masterthecoretechnology,pursueperfectquality,provideprofessionalservices,"and"MadeinChina,LovedbytheWorld",andthebusinessphilosophyof"anenterprisewithoutinnovationisanenterprisewithoutsoul;anenterprisewithoutcoretechnologyisanenterprisewithoutbackbone;anenterprisewithoutfineproductsisanenterprisewithoutfuture,"GreeElectricApplianceshascontinuouslyaccumulatedtechnologicalstrengthandnationalR&DthinkingtoassistChinaincreating.
III.CorecompetenceanalysisFacedwiththeopportunitiesandchallengesofthedevelopmentofChina'shouseholdapplianceindustry,theCompanytakesthequalityasthesupportandthebrandasthecarrier,firmlyfollowingthepathofbranddevelopment,continuouslyincreasinginvestmentinscientificandtechnologicalR&D,andpromotingintelligentmanufacturing;also,itstrengthensbrandbuildingandmarketingpromotion,andcontinuouslyimprovesproductqualityandcompetitiveness,achievingsustainabledevelopmentandlong-termcompetitiveness;moreover,relyingoncoreadvantages,itstrengthensthedeeplayoutoftheindustrialchain,andgraspstheinitiativeofindustrialchainlayout;besides,itactivelyexplorestheinternationalmarketandenhancesinternationalcompetitiveness,pursuinghigh-qualitydevelopmentwithsignificantcorecompetitiveness.(I)Aworld-renownedbrandof"MadeinChina,LovedbytheWorld"TheCompanyfirmlyfollowsthepathofbrandself-development,andhasestablishedagreatvaluablebrandwithleadingcoretechnology,excellentproductquality,andcompleteservicesystem.Itadherestokeepingupwiththetimes,constantlyabsorbingnewconcepts,from"Gree,makingbetterairconditioners,""Gree,themasterofcoretechnology"to"MadeinChina,MovedbytheWorld,"andfromtheleaderintechnologytoserviceprovideroftheworld,continuouslyrefiningandupgradingbrandvalue.OntheChineseBrandValueEvaluationList,theCompanyhasconsistentlyrankedfirstinthehouseholdapplianceindustryformanyyears,andthebrandvaluehasbeengraduallyincreasing.In2022,withitsoutstandingcomprehensivestrength,itwasonceagainlistedonthe"ForbesGlobal2000List"andhasbeenontheGlobal500issuedbyFortuneforfourconsecutiveyears.TheCompanyhaswonmanyhonors,suchasthe"WorldBrand","MostCompetitiveBrand","ChinaQualityAward","EnterpriseforExemptionfromExportInspection","ChinaBrandInnovationAward",andwonthe2nd"ChineseBrandsPowerCeremony?SuperiorProductsofChineseProvenance",and"GuangdongGuangcaiProgramContributionAward".Inaddition,itbecamethe"CaseoftheBeltandRoadConstruction"in2022.TheCompanybuildsandestablishesitsbrandbasedonperfectqualityandinternationallyleadingtechnology,continuouslycreatingvalueforsociety.(II)Strongcoretechnologyandinnovationcapabilities,highlightingtheleadingpositionintheindustryAdheringtotheconceptof"self-researchanddevelopmentofcoretechnologies"andtheprincipleof"investmentasneededwithoutanupperlimit",theCompanyhasbuiltamulti-levelandhigh-levelresearchanddevelopmentplatformbasedonnationalscientificresearchplatforms,formingatechnologyinnovationsystemthatis"enterprise-oriented,market-oriented,andcombinedindustry,academia,andresearch",takentheinnovationchainasthedriverofthevaluechainwhilethevaluechainisthesupporter,andimplementedaleadershipstrategy,overallarrangingadiversifieddevelopmentstrategy.Ithasestablished16researchinstitutes,152researchdepartments,1,411laboratories,and1StateKeyLaboratorycenteringonnewenergyandenvironment,intelligentequipment,freezersandrefrigerationequipment,washing,andothertechnologies;also,ithastheworld'slargestairconditionerresearchanddevelopmentcenter,including5nationalresearchplatforms,1academicianworkstation,andoverathousandlaboratories.Asofnow,theCompanyhasaccumulatedover100,000patents,becomingtheonlyenterpriseinthehouseholdapplianceindustrytoenterthetop10inChina'sinventionpatentauthorizationforsevenconsecutiveyears.Ithas39"worldleading"technologiesandhaswon6Chinesepatentgoldawards,12goldawardsfromGenevaInventions,9goldawardsfromNurembergInventors'Fair,and106importantawardsatnational,provincial,andindustrylevel.ThenumberandqualityofpatentsheldbytheCompanyhavesteadilyincreased,andthedrivingforceofinnovationanddevelopmenthascontinuedtostrengthen.Theforward-lookingtechnologicallayoutensuresthattheCompany'sproductpowerhasalwaysrankedattheforefrontoftheindustry.Itslaboratorycertificationandaccreditationhasalwaysadheredtointernationalstandards,showingthattheCompanyhaspracticedthehigh-qualitydevelopmentofcertificationandaccreditation.Asoftheendof2022,GreeElectricApplianceshas
1,041setsofnationallyrecognizedlaboratoryequipmentandhas11laboratoriesthatobtainedcertificationandaccreditationfromgloballyrenownedthird-partyinstitutionssuchasCNAS,TUV,UL,CSA,and7externalaccreditationandevaluationlaboratories.(III)Leadinginperfectqualitymanagementmodel,supportingthedevelopmentofChinesemanufacturingPursuingtheperfectquality,theCompanytakesconsumerdemandasthehigheststandard,adherestothestrategyofhigh-qualityproducts,andcontinuouslyexploresandinnovatesinconcepts,methods,systems,technologies,andotheraspectsofqualitymanagement.Tothisend,adheringtothethreemajorqualitycontrolprinciplesof"nevertakeconsumerasanexperiment","everyoneisaqualityinspector",and"perfectqualityisachievedthroughstruggle",throughthe"Five-StepMethodofQualityPrevention"andthe"D-CTFPCycleMethodforQualityandTechnologyInnovation",itconstructsauniqueGreePerfectQualityManagementModelforitsgoalof"MadeinChina,LovedbytheWorld",effectivelysolvingtheproblemoftheorganization'spathandmethodsforqualityinnovationandpromotingthecontinuousimprovementofthequality.TheCompanyactivelyparticipatesinleadingthestandardsbuildingathomeandabroad,demonstratingitsleadingpositionintheindustry'sstandardconstruction,promotinghigh-qualityproductdevelopmentwithhighstandards,andleadingtheindustrywithstrength.In2022,theCompanywaslistedin2021NationalEnterpriseStandard"Leader"with19productcategoriesincludingairconditioners,refrigerators,washingmachines,ricecookers,airpurifiers,electricfansandwaterpurifiers,385productmodels,and24standards,astheenterprisewiththemostproductsincludedinthelistinthehouseholdapplianceindustry.GreeElectricApplianceshasbecomethefirstenterpriseintherefrigerationindustrytoserveasthechairofthecommitteeoninternationalstandardization.DongMingzhu,thechairpersonandpresidentoftheCompany,hassuccessfullybeenre-electedasthechairpersonoftheTestingandRatingofRefrigerantCompressorsofTechnicalCommitteeonRefrigerationandAir-ConditioningofInternationalStandardsOrganization(ISO/TC86/SC4).Greehasbeencertifiedasthe"Seven-StarLeadingLaboratoryforAirConditionerInspectionandTesting,"asoneofthefirstenterprisesinChinatoreachtheseven-starrating,thehighestlevel.Theprojectof"DisinfectionandPurificationTechnologiesandProductApplicationBasedontheCKERSystem"developedbytheCompanywonthefirstprizeintheQualityInnovationAward.TheCompanyimplementsa"ten-yearwarranty"forhouseholdairconditioners,whichtoagreaterextentprotectsconsumerinterests,asthelongestwarrantyperiodintheChinesehouseholdairconditionerindustry.SincejoiningAHRIin2009,ithasbeenrecognizedmultipletimesbyAHRIforitsleadingproducttechnologyandsolidproductquality.(IV)Integratedlayoutoftheindustrialchain,comprehensivelyenhancingcorecompetitivenessWhiletheCompanyissteadilydevelopinghouseholdappliances,smarthomes,andindustrialmanufacturing,itactivelylaysoutgreenenergysectorscenteredaroundphotovoltaicenergystorage,lithiumbatteries,andnewenergyvehiclesthroughacquisitionsandself-research.Itsindustrialchainhasexpandedtofieldssuchasintelligentequipment,numericalcontrol(CNC)machinetool,robots,precisionmolds,newenergy,coldchain,logistics,communication,andsmallhouseholdappliances,andisdevelopingtowardsintelligence,specialization,high-end,andquality.Meanwhile,theCompanyhas6renewableresourcebasesinZhuhai,Changsha,Zhengzhou,Shijiazhuang,Wuhu,andTianjin,coveringtheentireindustrialchainfromupstreamproductiontodownstreamrecyclingandachievinggreen,circular,andsustainabledevelopment.Inthefieldofhouseholdappliances,theCompany'sproductscoverthefullcategoryofhouseholdappliances,includingresidentialairconditioners,HVAC,refrigerators,washingmachines,environmentalappliances,kitchenappliances,andhomeappliances,providingconsumerswithhigh-qualitysolutionsforintelligentlife.The"ultra-lowtemperatureat?38°Cfreezingandfresh-keepingtechnology"oftheKinghomerefrigerator,the"efficientanduniformcookingtechnology"oftheTOSOTricecooker,thepioneering"circulatingcoolingfanwithevaporativecirculationsystem",andtheself-developed"wetcurtainhotdryingtechnology"forimpurity-freefoglesshumidifierhaveallledtheindustry.Greehasbuiltits"healthy,smartandcomfortablehome"ecologicalhomesystemforconsumersfromtheall-roundmulti-systemproductlinesofairconditioner,floorheating,freshair,waterpurificationandsmart,combinedwiththesix-constantsystemconceptof"constanttemperature,constanthumidity,constantoxygen,constantcleanliness,constantmuteandconstantsmart"inthenewera.Inthefieldofcorecomponents,theCompanyhasstrongcapabilitiestosupportitsproducts.Itswholly-ownedsubsidiariesofLandaCompressor,KaibangMotor,XinyuanElectronics,andGreeElectricEnterprisesrankatthetopintheindustryintermsofproductioncapacity,quality,andperformance,whichensuretheexcellentqualityofproductsandeffectivecostcontroloftheCompany.Thereasonablelayoutofupstreamanddownstreamindustriesguaranteesasound,stable,andefficientsupplychain,stronglysupportingtheCompany'sleapfrogdevelopment.10productsself-developedbytheCompany,includingthe"high-efficiencyscrollcompressor","high-performancelinearservomotoranddriver","high-performanceservomotoranddriverforindustrialrobot"and"rare-earthfreepermanentreluctancemaindrivemotorsystemfornewenergybus"wereappraisedasthe"world-leading"level,markingthatGreehasfullymasteredtheadvancedtechnologyfromcorecomponentstoproducts.
Inthefieldofdiversification,forindustrialrobots,theCompanyhascompletedthedevelopmentof1kg?600kgindustrialrobotproducts,whicharesuitableforvariousindustrialusagescenariosunderseveralconditions.Forpowerbatteriesofnewenergyvehicles,bodydie-casting,etc.,theCompanyhasdevelopedGR35/1.8robotsandGR50_2.0robots,andGR200/3.2robotswithlargearmspan,furtherimprovingitsabilitytoprovidesolutionsforapplicationscenariossuchashighoverload,highprotectionrequirements,anddeepexploration.Fortheheavy-dutyseriesrobots,theCompanyhasdevelopedtheGR270/2.65industrialrobot,solvedthevibrationatthereducerduringhigh-speedoperationcausedbyitsinsufficientstiffness,andbrokentheabsolutemonopolyofforeigntechnology,promotingthelocalizationofheavy-dutyindustrialrobotsinChina,andachievingmarketbreakthroughs;also,ithascompletedthedevelopmentofthefirstrobotmotioncontrolsystemwithself-intellectualpropertyrights.Ithassuccessfullydevelopedcorecomponentsforrobotsandmachinetools,breakingthetechnologicalmonopolyofforeignbrandswhileimprovingthecompetitivenessofnationalbrands.Inthefieldofsmarthome,adheringtoself-innovation,self-researchanddevelopment,andself-manufacturing,aswellasacoretechnologyforazero-carbonhealthyhome,theCompanyhascontinuouslyupgradedthefivemajorintelligentlifesystemsofenergy,air,health,security,andlightingforthewholehouse,andself-developedallseriesofintelligenthomeproducts,IoTplatform,intelligentdecision-makingsystem,G-Voiceinteractionsystem,intelligentvisionsystem,G-OSIoToperatingsystem,G-Learningcomfortableenergy-savingalgorithmsandotherintelligentIoTtechnologies,providingIoEsolutionsforfamilylife,andcreatingahigh-qualitylifewithIoEtechnology.Inthefieldofsupplychain,theCompanyadherestothecentralizedprocurementstrategy.Tobuildanindustry-leadingsupplychain,ithasestablishedacomprehensivesupplychainmanagementsystem,fullyplayedtheroleofthe"chainowner"oftheindustrialchain,andenhancedtheintegrationabilityoftheindustrialchain,improvingthecompetitivenessofthesupplychainthroughmutualpromotionwithpartners.(V)Efficientretailtransformationempoweredbydigitization,consolidatingindustrypositionTheCompanyhasestablishedself-controlandwin-winsaleschannelsandsalesmodels,andimplementedatransformationof"newretail"marketingmodelintegratingonlineandofflinechannels.Basedonsalescompaniesin30regions,over30,000offlinestores,andofficialflagshipstoresonthird-partye-commerceplatforms,theCompanyhasestablishedadual-linesalesnetworkcoveringthecountry,providingonline-offlinelinkageservicesintegratingofflineexperience,onlineordering,andnationwideunifieddeliveryandinstallation,activatingchanneladvantages,andachievingallwinfortheCompany,distributors,andconsumers.Inthedomesticmarket,channelshavebeenexpandingtowardsdiversificationandflattening,andagentshavebeentransformingintoserviceproviders.Focusingonthelayoutofthesinkingchannel,theCompanyhascontinuouslyexpandedthesecondandthird-tiermarketsandcountyandtownmarketsthroughonlineprocurementandcooperationwithe-commerceandlogisticsenterprisesofsinkingchannels.Ithasattachedimportancetonewretaile-commercesuchaslivestreamandusednewmediaplatformstolayoutnewretailchannelsthroughsalesbylivestream,communitymarketing,etc.,graduallycreatinganewmediamatrixtoenhanceitsinfluenceamongyoungpeople.Atpresent,thereformofnewretailchannelshasachievedphasedresults,andtheemergingmarketforhouseholdapplianceshasaccelerateditsexpansionthroughonlinechannels.Intermsofoverseasmarkets,theCompanyhasactivelyadoptedvariousmethodsof"onlineandoffline"toexpanditssaleschannels.IthasestablishedoverseasproductionbasesinSouthAmericaandAsia,expandingitsoverseasairconditionermarketthroughself-brandsandOEM.Currently,Greeairconditionershavebeenexportedtomorethan190countriesandregions.(VI)Preciseproductioncapacitylayoutandleadingintelligentmanufacturing,respondingtomarketdemandrapidlyAtpresent,aimingtothemarketdemandcharacteristicsofdifferentproducts,differencesinregionalproductionfactorendowments,andotherfactors,Greehasestablishedproductionandmanufacturingbasesforairconditioners,homeappliances,andindustrialproductsinZhuhai,Chongqing,Hefei,Zhongshan,Zhengzhou,Wuhan,Shijiazhuang,Wuhu,Changsha,Hangzhou,Suqian,Luoyang,Nanjing,Chengdu,Ganzhou,Linyi,Brazil,andPakistan.Itsreasonablyarrangedproductionbaseeffectivelyensurestheabilitytofulfillcontracts,allowingeachbasetoflexiblyarrangetheproductionanddeliverproductsontime,whichreduceslogisticscostsandimprovesproductcompetitiveness.TheCompanyhasformedamatureproductionprocessforintelligentmanufacture,withadvancedtechnologiessuchasindustrialrobots,CNCmachinetools,5G,andAIintegratedintoproductionscenarios;thevirtualsimulationoftheentireproductionlinehasrealizedthedigitizationoftheentireprocessfromproductdesign,productionplanningtomanufacture.Ontheproductionline,industrialrobotscompletevariousqualityinspectionswithhighqualityinsteadoftraditionalmanuallabor;ontheworkshopchannel,theuseofAGVandintelligentelectronicwarehousesachieveintelligentschedulingandprecisedelivery.Tosumup,highautomationhasbecomethenorminGreefactories.TheZhuhaiBaseofGreeElectricApplianceshasbeenrecognizedbytheDepartmentofIndustryandInformationTechnologyofGuangdongProvinceasthefirstbatchof5G+IndustrialInternetapplicationdemonstrationparksinGuangdongProvince.
GreeIntelligentEquipmenthasnotonlyservedwithinthegroup,butalsoactivelyexporteditsexperienceinautomationtransformationtomarkets,leveragingintelligentmanufacturingtopromotetheoverallupgradingofChina'sindustry.Inthefuture,GreeElectricApplianceswillcontinuetodeeplyexploreintelligentmanufacturing,strengthenitscoreindustryadvantages,andachieveindependentandcontrollablecoretechnologies,leadingthetransformationandupgradingofintelligentmanufacturingthroughinnovation.(VII)Independentcultivationoftalents,winninganearlyleadindevelopmentwithtalentadvantagesAdheringtotheconceptof"independentlycultivatingtalentscenteringontheCompany'sstrategiclayout",theCompanyhasgraduallyformedanindependenttalentcultivationmodelwithstrongstrengthtoattracttalents,independentinnovationtocultivatetalents,andgenerouswelfarefortalents.Anindependenttalentcultivationmodelcenteredaroundchannelsforintroducingindependenttalents,mechanismsforindependenttraininganddevelopment,andacomprehensiveincentiveandguaranteesystemhasgraduallybeenformed.TheCompany'stalentteamhasbeengrowing,anditstalentstructurehasbeenupgraded.Asoftheendof2022,ithadabout72,000employees,including2leadingtalentsinscienceandtechnologyinnovationundertheNationalTenThousandTalentsProgram,3expertsenjoyingspecialallowancesfromtheStateCouncil,1NationalTechnicalExpert,1winneroftheAwardofOutstandingContributiontoNanyue,94high-leveltalentsofZhuhai,548outstandingyoungtalents,948scientificandtechnologicalexpertsevaluatedinsidetheCompany,andmorethan30,000skilledworkers.Withitssocialresourcesandindustrialchainadvantages,theCompanyhasactivelyestablishedGreeVocationalCollegetoprovideexcellenttalentsfortheenterpriseandtheentireindustry.Meanwhile,basedontheindependentcultivationoftalents,ithasacceleratedthecultivationofappliedskilledtalents,integratedtheresourceadvantagesofGuangdongtechnicians,skilledmasterstudios,andtechnicianworkstations,empoweringproductionthroughtrainingandboostinginnovationthroughcompetition,andselectingandcultivatingagroupof"high-techandcutting-edge"skilledtalentsthroughaseriesofmeasuressuchasskilltraining,skillcompetition,andskillgradeevaluation.Asofnow,theGrouphas14,000newlyassessedskilledtalents,ofwhich,8havewonthetitleof"GuangdongProvincialTechnicalExpert",2havewonthetitleof"NanyueTechnicalExpert",and5havewonthetitleof"ZhuhaiMunicipalTechnicalExpert",4"ZhuhaiMunicipalPostTechnicalExpertPacesetter",12"ZhuhaiMunicipalChiefTechnicalExpert",10"ZhuhaiSpecialArtisan",and232"ZhuhaiArtisan".Adheringtothecontinuouscultivationofinnovative,composite,andappliedskilledtalents,theCompanyhassoughtbenefitsforemployeesthroughmultiplechannelssuchasemployeestockownershipplans,talentsubsidies,talenthousing,andGreeschools,continuouslyimprovingemployeesatisfactionandhappiness.Asaresult,ithasbeenlistedontheForbes"World'sBestEmployers"for8consecutiveyears,markingobvioustalentadvantagesintalentcultivationandtalentbenefitssystem.
IV.Analysisofmainbusiness
1.Overview2022isstillachallengingyear.Hitbythecomplexandsevereglobaleconomicsituationandcontinuousfluctuationsinrawmaterialprices,theoverallsalesofthehouseholdapplianceindustryareunderpressure.Followingthegeneralprincipleofpursuingprogresswhileensuringstability,theCompanyhasefficientlyandorderlypromotedvarioustasks.Ithascontinuedtopromotetechnologicalinnovationandachievebreakthroughsincoreandworldleadingtechnologies;continuedtoconsolidatetheconstructionofahigh-qualityenterpriseandcreateGreeperfectqualitymanagementmodel;continuedtooptimizesaleschannelmodelsanddeepeneddiversificationstrategies,continuouslyimprovingprofitability.In2022,itachievedthetotaloperatingrevenueofRMB190,151million,withanincreaseof0.26%year-on-year,andanetprofitattributabletotheparentcompanyofRMB24,507million,anincreaseof6.26%year-on-year.(I)Centerondemandofmarket,continuouslyprovideuserswithinnovativeproducts
1.Airconditionersector?improvingtheproductlineintheairconditionerfieldandconsolidatingmarketposition
(1)Residentialairconditionersector-tappingmarketpotentialanddevelopingnewproductsforsegmentIn2022,theCompanyhascontinuouslydevelopedresidentialairconditioneraimingatdifferentconsumerlevels,improvednewplatformsandpanels,andlaunchedmidtohigh-endAiryserieshighlightproducts;also,ithasdevelopedanewgenerationofflagshipfloorstandingairconditionerwithupperandlowerairoutlets,achievingupperairoutletforcoolingandlowerairoutletforheating,usheringintheeraofzerotemperaturedifferenceairsupply;moreover,ithaslaunchedsplitairconditionertoexpandupgradeproductsofSilentKing+andAboutTime,upgradedtheairdeflectorfromtheoriginalclosedsingleairdeflectortoalargeairdeflectorwith360°movement,enhancingthecompetitivenessofmid-endmodels;thedevelopedinverterwindowairconditioneradoptingdrainage-freetechnologyhastheabilitytoreplaceexistinggasorelectricheatingequipmentinNorthAmerica;andthenewlydevelopedcoldairdehumidifierhasbeenexportedtoJapan,whichachievingself-cleaningofthefilterscreenandbreakingthemonopolyofJapanesebrands.Invariousoverseashousehold
markets,theCompanyhasswitchedrefrigerantsforproductsandaddednewproductlines.IntheNorthAmericanmarket,followingthedevelopmentofultra-lowtemperatureinverterwindowairconditioner,ithassupplementedultra-lowtemperatureinverterPTACandsuccessfullytransformedtherefrigerantofnewproductstoR32;intheEuropeanmarket,ithasdevelopedR290pilotsplitunits;intheMiddleEastmarket,itsinverterandnon-inverterenthalpy-increasingcompressorshavefurtherimprovedtheirhigh-temperatureperformancetomeetspecifichigh-temperatureenvironments.Accordingtothe2022domesticsalesdataofairconditionerspublishedbyChinaIOL.com,Greeairconditionersrankedthefirstinthefieldwithashareof33.9%,takingtheleadfor28years.
(2)HVACequipmentsector?improvingproductlinesandpromotingproductstructureupgradingAtpresent,forcentralairconditioners,Greehaslaunchedoverathousandcategoriesof13majorseries,includingcentrifugalchiller,VRF,screwchiller,chiller,unitchiller,householdchiller,precisionairconditioner,whichcanmeettheequipmentdemandsofdifferentworkingconditions,scenarios,andindustries,andservemajorbenchmarkingprojects.①Residentialcentralairconditionersector?innovatingandcreatingacomfortablehomespaceIn2022,Greecreatedanewconceptof"GreeSmartComfortableHome"inthefieldofcomfortableresidence.Forthemidtohigh-endconsumergroupmainlycomposedofcustomersinthefactory-installedproductsmarket,Greehascreatedaspacethat"coverssceneswithproductsanddrivesexperienceswithscenes",anddeeplyintegratedonlineandofflineformstobringcustomersabrandnewandcomfortableconsumptionexperience.Ithassolemnlylaunchedtheultimatecentralfloorheatingandairconditionersof"GMVTopsCCHPAirConditioner"and"EnjoyFCHAirConditioner",withoneairconditionertomeetusers'variousneedsof"airconditioning+heating+domestichotwater";also,ithasinnovativelylaunchedtheRealFreshEnergyRecoveryVentilationSystem,withaplasmasterilizationmodulethateffectivelymeetsusers'indoorairsterilizationandcleaningdemands,ofwhichhasapurificationrateofupto99%,creatingacomprehensivehigh-qualitylifeforusersandprovidingahealthyhomeenvironment.
②CommercialVRFsector?creatingintelligentnewproductswithcoretechnologyGreeregardstechnologyasitsroot,withtheconceptoftechnologyservinglife.In2022,GreehaslaunchedtheGreeGMV6S+artificialintelligenceVRF,combiningartificialintelligencewithVRF,enablingtheair-conditioningunittolearnandoptimizeindependently,furthercreatingprivatecustomizedproducts;itssystem'senergyefficiencyhasbeenfurtherimproved,farexceedingthefirstlevelofenergyefficiency,makingitthepreferredunitsforvariouscommercialprojects.Meanwhile,theCompanyhasupgradedtheGreeGMVEMDCinverterVRFunits,whichhasequippedwithCANnetworkVRFcommunicationtechnology,withfasterandmorereliablecommunicationresponse,achievingnon-polarityfreewiringandautomaticaddressingofindoorunits,aswellasautomaticaddressingofoutdoorunitswhenmultipleoutdoorunitsareinparallel.TheCompanyhascontinuedtomakeeffortsinexpandingprojectsinthedatacommunication,realestate,andrailtransitindustries,andsignedstrategiccooperationagreementswithmultipleindustryleaders,continuouslyoutputtingVRFandcommercialVRF,andcreatingsampleprojectsinmultiplefields.③Heatingproductsector?creatingafullbuildingheatingproductsystemtoachieveinnovativeandsustainabledevelopmentInresponsetonationaldemands,theCompanyiscommittedtodevelopingfullscenehigh-efficientthermalenergysystemsolutionsbasedonadvancedheatpumptechnologyandequipment,creatingsixcategoriesoflow-temperatureheatsources(airsource,surfacewater,geothermal,datacenter,processindustry,andpowerplant),andcenteredonthreetypesofkeyheatpumpequipment(airsourceheatpump,groundsourceheatpump,high-capacityhigh-temperatureheatpump),toservefourmajorapplicationscenarios(domestichotwater,buildingheating,industrialandagriculturalheat,andindustrialsteam).Atpresent,theCompanyhasestablishedafullbuildingheatingproductsystem,equippedwithaseriesofadvancedheatpumptechnologiessuchasenhancedvaporinjectionvortexcompressor,threecylinderanddual-stagerotorcompressor,permanentmagnetinverterandvariablecapacityscrewcompressor,doubleheadseriescentrifugalcompressor,airsuspension/electromagneticsuspensionoil-freesteamcompressor,andhaswontheleadingbrandawardintheheatpumpindustryformanyyears.In2022,Greeintroducedmultipleindustry-leadingtechnologieswithitsheatpumptechnologytoimprovetheannualenergyefficiencyofair-sourceheatpumps,expandingtheapplicationofair-sourceheatpumptechnologyincoldregions;also,ithasformedalargecapacityandefficienthigh-temperatureheatpumpcompressorsystem,andachievedabreakthroughinhigh-pressureoil-freesteamcompressors;moreover,ithaslaunchedK-seriesHongbingair-sourceheatpumpheatunit,whichisusedforheatingprojectsinhotelsandschoolswithhotwatertank,orusedforcentralheating,residentialheatingrenovationandothercommercialplaceswithfantrays,radiators,andotherterminals;besides,ithaslaunchedHuofenghuangSupremeHouseholdHeatingandCooling(Integrated)Unit,meetingtheheatingneedsinwinterofcoldregionsinthenorth.Gree'sheatpumpairconditionersprovideanoptimizationoptionfornorthernheating,openingupanewdirectionforresearchoncomfortandenergyconservationofheatpumpheating.Byimprovingheatingtechnology
andsuccessfullysigninglargecoal-to-electricityprojects,ithasprovidedgreendevelopmentwithanewdirectionsandstrategies.④Precisionairconditionersector?activelyself-developingitsbrandtoensurethattheequipmentenvironmentmeetsusagerequirementsIn2022,theCompanylaunchedtheJQFseriesofairconditionersdedicatedtocabinet,whichmaybewidelyusedforcoolingin5Gbasestations,ensuringthestableoperationofbasestationequipmentandassistingthedevelopmentof5G;italsolaunchedJKLCserieschilledwaterintertrainairconditioners,JHPQseriescabinet-levelheatpipeairconditioners,andJKLFseriesair-cooledinverterintertrainairconditioners.Theaboveunitshavetheadvantagesofsafety,reliability,efficiency,andenergy-saving,andmaybewidelyusedinvariousdatacenters,effectivelyreducingthePUEofdatacenters.
⑤Freezersandrefrigerationequipmentsector?empoweringthefullcoldchainseriesofproductsbycoretechnology,acceleratingthedevelopmentoftheindustryTheCompanyhasdeeplydevelopedinthefreezingandrefrigerationindustry,promoteditsproductresearchanddevelopment,continuouslyimprovedanddevelopedproductsthatmeetmarketdemands,anddevelopedafullcoldchainseriesofproducts.Fromthefrozenstoragefieldsoffactory-endoriginwarehouses,transitlogisticscenters,andsalesanddistributionwarehouses,tothefieldsofoceanandlandrefrigerationtransportation,aswellasthecoldchainterminalsclosesttoconsumers,theCompanyhasprovidedcustomerswiththebestsolutionbyitscoretechnologyoflow-temperaturestorageandpreservation.In2022,itcoveredthediversedemandsofconsumersinNorthAmericaandotherregionsthroughproductlineexpansion,housingoptimizationandupgrading,andothermeans;theCompanyhasinnovativelylaunchedanintegratedphotovoltaicdirectdriveinverterrefrigerationunit,whichperfectlycombinesphotovoltaicdirectdrivetechnologywithphotovoltaicpowergenerationtechnologyandcondensingunits,providingcontinuouspowerforrefrigerationincoldstoragethroughphotovoltaicpowergeneration,formingaclean,safe,reliable,intelligent,andefficientmulti-energycomprehensiveapplicationsystem,andsolvinguserpainpointsbygeneratingenergythroughlightandprovidingawiderangeofapplicability;ithasalsolaunchedasinglemachinedual-stageultra-lowtemperaturerefrigerationunit,mainlyusedforultra-lowtemperaturequickfreezingofaquaticproducts,meat,etc.,whichcanachievereliableanduninterruptedrefrigerationthroughouttheyear.Asthemainresponsibleunit,Greehasparticipatedintherevisionofnationalstandardsforcondensingunits,acceleratingthedevelopmentofthefreezingandrefrigerationindustry.Itsself-developedhigh-speeddirectdriveverticalprocessingcenterandintelligenthotfluorinedefrostingtechnologyforcoldstoragewonthesilvermedalatthe2022NurembergInventors'Fair.Atpresent,theCompany'sfreezersandrefrigerationproductshavesuccessfullyservedtheNationalBanquetKitchenoftheGreatHallofthePeople,theColdStorageofthePeople'sBankofChina,JD,SFFreshLogistics,SouthChinaSeaIslandsandReefs,andotherscenes,bringingqualityupgradestotheindustryandconsumerswithnewtechnology.⑥Compressorsector?delvingintomarketdemand,continuouslyinnovatingtechnology,andbecominganindustryleaderIn2022,theCompanylaunchedlargecompressorseriesproductswithindependentintellectualpropertyrightssuchaselectromagneticsuspensioncentrifugalcompressor,ultra-highefficiencypermanentmagnetsynchronousinverterscrewcompressorforefficientmachinerooms,singleunittwo-stagerefrigerationscrewcompressorwithdualslidevalvecoordinatedcapacityregulationandaminimumevaporationtemperatureof?65°C,andhigh-efficientrefrigerationscrewcompressorthatcanachieveregionalairsupply.Theyhavebeenwidelyusedinworkingconditionssuchasair-conditioningrefrigeration,heatpump,freezingandrefrigeration,ultra-lowtemperaturequickfreezing,andmeetingtheneedsofdifferentusers.In2022,theCompanyprovidedmorethan40,000setsofairconditioningequipmentformultiplegymnasiumsandstadiumssuchastheEducationCityStadium,Stadium974,andMartinaFanVillageoftheQatarWorldCup,includingmultipleproducttypessuchassplitunits,GMVs,fancoilunits,combinationcabinets,U-matchunits,androoftopunits.Withhigh-qualityproductservices,itprovided"GreeCoolBreeze"toworld'stopevents.AstheexclusivesupplierofchillersforBeijingFengtaiStation,the"largestrailwayhubinAsia",theCompanyhasprovided8electromagneticsuspensioncentrifugalunits,providingstrongguaranteesfortheopeningofFengtaiStationwithcoretechnologyandhighquality.Ithasalsoprovidedlow-temperatureair-cooledscrewunits,Greepermanentmagnetsynchronousinvertercentrifugalunits,GreeGMV6artificialintelligenceVRFcentralairconditionersandotherproductsforthe2022BeijingWinterOlympics,comprehensivelyprovidingproductsandservices,includingthemainbuildingintelligentcoldsourcesystemandBIMmodels,fortheNationalSpeedSkatingOval.PursuingtheGreenOlympics,itperfectlyensuredtheconstructionqualityandprogressofmajornationallandmarkprojects.
2.Homeappliancessector?makingproductsvaluablebytechnologicaladvantages,achievingsteadygrowthinperformance
TheCompanyhasestablishedahealthy,intelligent,andpersonalizedpositioningforitsproducts,andimplementedasystematiclayout,achievingfullcoverageofindustriessuchaskitchenappliances,environmentalappliances,andrefrigerators,washingmachines,andotherrefrigerationandcleaninghouseholdappliances.
(1)Environmentalappliancessector?launchingnewproductsandupgradingolds,meetingtheapplicationneedsofdifferentscenariosGree'scoolingfanseriesproductshavereceivedunanimouspraisefromusersintheMiddleEastandNorthAmerica,andhavebecomethepreferredbrandproductsforusers.Gree'spioneeringcirculatingcoolingfan03X60DgZ,equippedwithanevaporativecirculationsystem,candelivercoolnesstothewholehouseandeffectivelycirculatesindoorair.Ithas8-speedprecisewindcontroland3airsupplymodes,intelligentlymatchingvarioususagescenarios,whileadoptingaDCinvertermotor,reducingthelow-endnoiseto30dB.Inresponsetoconsumers'demandsforhealthyhouseholdappliances,healthproductssuchasdisinfectantgeneratorsandformaldehyderemovalairconditionersofRealPurifyhavebeenlaunched,creatingacomprehensivehealthylifeforconsumers.TheV-Lassoseriesantiviruspurifierwonthefirstprizeofthe2022QualityInnovationAward,thefirstprizeoftheScienceandTechnologyProgressAwardoftheChinaLightIndustryCouncil,andthefirstprizeoftheScienceandTechnologyProgressAwardofGuangdongLightIndustrialCouncil.
(2)Kitchenappliancessector?enrichingproductlines,formingasystematiclayoutTheCompanyhaslauncheda"GreeGreenKitchen"strategy,shapingahealthyculinarylifestylecoveringallaspectsfromthreedimensions:preparation,cooking,andkitchenwaste.Newproductshavebeencontinuouslylaunchedin5categories:
rangehoods,stoves,gaswaterheaters,steamovens,anddishwashers.Intermsofthesteamoven,aimingatthedailydietarynutritionalneedsofChinesepeople,theCompanyhasinnovativelydevelopedmulti-ingredientnutritionalsynergisticregulationtechnologyandanutritionalpackageincludingthreedishesandstaplefood,providinguserswithadeliciousandnutritiousfoodexperience.TheproducthaswonthegoldawardattheSpecialExhibitionoftheInternationalExhibitionofInventionsofGenevaandthesecondprizeoftheTechnicalInventionAwardoftheGuangdongLightIndustrialCouncil.IntermsoftheStarseriesrangehoods,the10-yearscleaningfreetechnologyforinternalhasbeenappliedtosolvethedifficultdisassemblyandcleaningoftherangehoodandstrongodorforusers.Intermsofgasstoveswithdry-burningprotection,theCompanyhasinventedmulti-geardry-burningtemperaturecontroltechnology,providingdifferentialtemperaturecontrolprotectionfordifferentrecipes,makingthecookingprocessmorereassuring.Intermsofgaswaterheaters,theShunmuwangnocoldwaterseriesproductshavebeenequippedwithGreetripleconstanttemperaturemulti-stagecontroltechnology,achievingalargewatervolumeandmeetingthewaterdemandofthewholefamily,whilethefluctuationofwatertemperatureonlyof±0.5°C,thuswinningtheGoodProductAwardoftheChinaHouseholdElectricApplianceResearchInstitute(CHEARI).AccordingtomonitoringdatafromAllViewCloud,in2022,Gree’sairsourcewaterheater'sonlineretailmarketsharereached23.4%,rankingsecondintheindustry.
(3)Refrigeratorsector?optimizingproductsandtechnologiesinmulti-dimension,customizingpreservationandstoragesolutionsIn2022,basedonaprecisegraspofconsumerdemand,Greehasbeendrivenbyinnovativetechnology,achievinghigh-qualitydevelopmentofitsrefrigeratorbusiness.Ithaslaunchedaseriesofhealthyandfreshrefrigeratorproductswithfinestorage,achievingcontinuousupgradesfromproductfunctionstosceneexperiences,andbecomingacreatorandleaderofhigh-qualitylife.TheGree'sKinghomecontinuestodeepenitseffortsinpreservationofrefrigerators,andfirmlygraspedthepainpointsofpreservationdemand,providinghealthypreservationsolutionsfordifferentingredientssuchasmeatandfruitsandvegetables.Theultra-lowtemperatureat?38°Cfreezing(456orBCD-456WPSG)refrigerator,asthefirstproductoftheKinghomerefrigerator?38°Cseries,isequippedwithanewlyupgradedtechnologyofultra-lowtemperatureat?38°Cfreezingandfresh-keeping.Throughtheindustry'sfirstbroadbandfullysealedpistoncompressorandupgradeofinvertercontroltechnology,themaximumoperatingspeedofthecompressorhasincreasedby50%comparedtotheindustry,effectivelyretainingtheflavorandcoloroftheingredients,andkeepingmorejuicesforalongertime.Itisequippedwithcellmicro-dormancymoisturizingandrefreshingtechnology,whichcanmakefruitsandvegetablesentera"micro-dormancy"state,reducingthelossofnutrientsandvitaminsinfruitsandvegetables,anddelayingtheirdeterioration.ItisalsoequippedwithPLASMAfull-spacesterilizationandodorpurificationtechnology,withasterilizationrateofupto99%,keepingtheinterioroftherefrigeratorcleanandhygienic.TheBCD-448WPSGAcell-gradefresh-keepingseriesrefrigeratorisequippedwiththeCompany'spreservationtechnologyofcell-gradefresh-keepingtechnology,whichhasthreeadvantages:nolossofnutrition,goodtastepreservation,andeasytocutbyaknife.Ithas5independentstoragezonesand18preservationspaces,meetingthedemandformeticulousstorageofassortedingredientssuchasmeat,vegetables,andfruits,regardlessofraworcooked.
(4)Washeranddryercombosector?inheritingcoretechnologies,leadingtheindustryintermsofwashinganddryingeffects
Forwasheranddryercomboproducts,Greehasadheredtothedirectionof"leadingheatpumpwashinganddrying"and"AIintelligentwashing".Guidedbyconsumerdemand,ithasbeencommittedtoproductresearchanddevelopmentaimingatcustomerdemands.TheGreeheatpumpwasheranddryercomboproductsareequippedwitha100%self-developedsoftdryingcustomizeddualrotorinvertercompressorandlow-frequencytorquecontroltechnology,ofwhichthelatterhaswonthe"NationalScienceandTechnologyProgressAward".In2022,GreelaunchedtheRuchuheatpumpwasherdryercomboproducts,amidtohigh-endheatpumpwasherdryerfeaturingembeddedinstallation,whichintegratesheatpumpdrying,steamcaretechnology,andintelligence;italsolaunchedanupgradedheatpumpwasherdryeroftheRuxinseries,whichutilizesheatpumptechnologyandisequippedwithamolecular-levelsteamcareprogram,allowingforthedirectcareofclothingwithoutwashingordrying;besides,itlaunchedtheZhibowashingmachine,whichcanconductintelligentperceptionandAIdecision-makingfrommultipledimensionssuchasusers,clothing,andenvironment,comprehensivelyimprovingthewashingeffect.(II)Comprehensivelydevelopindustrialproducts,achieveindependentandcontrollableindustrialandsupplychainsTheCompanyhasstrongR&Dandmanufacturingcapabilitiesforcorecomponentsofhouseholdappliances,coveringvarioussectorssuchasLandaCompressor,KaibangMotor,andXinyuanElectronics,layingasolidfoundationfortheCompany'shigh-qualitydevelopment.In2022,theCompanyfocusedonadvancedtechnologyandstrivedtobreakthroughthe"bottleneck"technology,achievingleapfroggrowthinthefieldofindustrialproducts.Intermsofcompressors,ittargetedelitecustomersandformulatesdomesticandoverseassalesstrategiesbasedonseasonalchangesinproducts.Intermsofmotors,thesalesofservomotorsincreasednearlythreefold,andthetopdomesticandforeigncustomersofhigh-efficiencyreluctancemotorshaveprogressedbatchorders.Intermsofenameledwires,theCompanyfocusedonexploringhighvalue-addedsegmentedmarketssuchasnewenergyvehiclesandelectroniccomponents,drivinganoverallincreaseinprofits.Intermsofcapacitors,thesalesofDCthinfilmcapacitorshaveincreasedbythreetimesyear-on-year,andnewcustomersofindustriesbenchmarksuchasindustry,waterpumps,newenergywindpower,andphotovoltaicshavebeensuccessfullydeveloped.
1.Compressorsector?innovativetechnologyandexcellentintelligentmanufacturing,acceleratinglocalizationGreehasfivemajorcompressorproductionbases,including13seriesofproductsofC39/C44/C48/C49/C55/C63,etc.,coveringover300varietiesofhigh-efficiency,energy-saving,andenvironmentalprotectionproductssuchasfixedfrequency,DCinverter,differentpowersources,differentworkingsubstance,dualrotors,vortextype,withwideapplicationscopecoveringmultipleairconditioningfieldssuchasahousehold,commercial,vehicle,freezingandrefrigeration,dehumidificationandheating.Itsproductsareattheforefrontoftheindustryinfieldssuchastwo-stageenthalpyincreasingcompressorsandthree-cylindertwo-stagevariablecapacitycompressors.In2022,aimingatthehigh-temperatureenvironmentintheMiddleEastwherethehighesttemperaturereaches60°C,ahigh-temperaturerefrigerationenthalpy-increasingrotorcompressorwasdevelopedthroughtechnologiessuchas"high-temperatureandlargecoolingoutputstructure"and"patentedairsupplystructuredesignbasedonejectionprinciple",achievingasignificantincreaseintherefrigerationcapacityofthecompressorathigh-temperature.Therefrigerationcapacityincreasedby8.8%underoutdoorconditionsof46°C,14.7%under48°C,and23.6%under54°C.Theproductsdevelopedhavebeenwidelyusedinsplitunits,windowunits,floorstandingunits,cassetteunits,ducttypeunits,andfloorceilingunitsfortheMiddleEast,andwerewidelyfavoredandpraisedbycustomers.Throughlong-termbigdataanalysisoftheactualoperatingcharacteristicsofhouseholdVRF,theCompanyhascombinedresearchonthe"exclusivedual-cylinderstartvariablecapacitytechnology"andinnovativedesignofthe"lowloadandhighenergyefficiencycompressionstructureofcompressors",developinganewgenerationofvariablecapacityrotorcompressorsforhouseholdVRF.TheAPFofthecompressorhasbeenincreasedby8%,theoperationunderlowloadhasbeenfurtherimprovedby20%,thecoolingorheatingspeedatstartuphasbeendoubled,achievingefficientoperationunderfullload.Thenewgenerationofvariablecapacitycompressorswillbeappliedto12kW?18kWwide-loadandfull-sceneefficienthouseholdVRF,leadingtheenergy-savingupgradeofhouseholdVRFintheindustry.Throughinnovationandbreakthroughsintheelectromagneticsuspensionsystem,theCompanyhasproposedaradial-axialintegratedbearingwith3degreesoffreedomstructure,effectivelyreducingthebearingvolume.Ithasalsosuccessfullydevelopeda50-120RTsmallcoolingcapacityelectromagneticsuspensioncompressor,expandingtheapplicationrangeoftheCompany'selectromagneticsuspensionproductsandimprovingitsmarketcompetitivenessinelectromagneticsuspensioncentrifugalunits.
2.Motorsector?deepeningtechnologicalinnovationandbecomingahigh-qualitypioneerintheindustryTheefficientrare-earthfreereluctancemotorproducedbyGreehasenteredvariousfieldsandchannelsoftheCompany'slayout.Atpresent,theCompanyhasdevelopedandlaunchedproductsin5majorcategories,24series,andover1,000varietyspecifications,with2,235nationalpatents.Theself-developedrare-earthfreebusreluctancemaindrivemotorsystemhas
beenrecognizedasa"worldleading"technology;thehigh-efficiencyandlow-noisepermanentmagnetassistedsynchronousreluctancemotorhaswon2goldmedalsattheInvention&NewProductExposition(INPEX),andtheR&Dofanewhigh-efficiencyrare-earthfreereluctancemotoranditsapplicationininvertercompressorsandairconditionerhavewonthespecialprizeofGuangdongScienceandTechnologyAward.Ithasachievedfruitfulprofessionalscientificandtechnologicalresearchanddevelopmentresults.Fromvariableinverterairconditionerstonewenergycommercialvehicles,logisticsvehiclemaindrivemotorsystems,andengineeringmachinerymotors,theKaibang'sseriesproductshavebeenwidelyusedandrecognizedbymultipleclientsinChina.Currently,itsannualproductioncapacityisover80millionsets,rankingamongtheforefrontofthesameindustryinChina.Therare-earthfreereluctancemaindrivemotorsystemdevelopedbytheCompanyhasachievedrare-earthfree,withhighcost-effectiveness,andhasreachedorexceededthelevelofrare-earthpermanentmagnetmaindrivesystemintermsofcomprehensiveenergyefficiencyandreliability,promotingthenewenergyvehicledriveindustrytobreakfreefromrare-earthresourceconstraintsandachievehealthy,stable,andsustainabledevelopment.Thefirst200kWrare-earthfreereluctancemaindrivemotorsystemwassuccessfullydevelopedintheindustry,promotingandappliedinnewenergybuses.
3.Refrigerationcomponentssector?empoweringDunAnandimprovingthelayoutofcorecomponentsIn2022,theCompanystrengtheneditsdiversifiedlayoutbyacquiringDunAnEnvironment,improvingitssupplychain.DunAnEnvironment,asaleadingenterpriseintheglobalrefrigeration(component)industry,hasaproductseriescoveringtheentireHVAC&Rindustry,fullysupportingsegmentssuchasresidentialairconditioners,commercialairconditioners,airsourceheatpumps,freezingandrefrigeration,andnewenergyvehiclethermalmanagement.DunAnEnvironmenthasastate-recognizedenterprisetechnologycenter,anationalpostdoctoralworkstation,anacademicianworkstation,aCNASlaboratory,andanationalfull-performancetestingcenterofcentralairconditioners.Theenergyefficiencyofitsinverterdirectdrivecentrifugehasfarexceededthenationalprimaryenergyefficiency.Bybeingequippedwithadvancedtechnology,itsthermosiphon/steamcompressioncompositeairconditioningunitcanefficientlyruninboththermosiphoncycleandsteamcompressioncyclemodes,obtainingworld-leadingrecognition.Duringthereportperiod,DunAnEnvironmentactivelyexpandedtheapplicationofrefrigerationandheatingequipmentinemergingindustriessuchaselectronicpurification,newenergy,high-endprecisionmanufacturing,hospitalmedicine,agriculture,forestry,animalhusbandryandfishery,andregionalenergy,continuedtodeepenthemarketpenetrationofspecialindustriessuchasnuclearpower,communications,railtransit,andcoldchain,andlaunchedcustomizedsolutionsaroundthedemandsofemergingindustries,achievingremarkableresults.In2022,theoperatingrevenueofDunAnEnvironmentwasRMB10,144million,withayear-on-yearincreaseof3.12%,andthenetprofitsattributabletotheparentcompanywasRMB839million,withayear-on-yearincreaseof106.98%.Itsmarketshareofcut-offvalvesrankedfirstintheworld,thatoffour-wayvalvesrankedsecondintheworld,andthatofelectronicexpansionvalvesrankedthirdintheworld.Moreover,itscorecomponentindustryofnewenergyvehiclethermalmanagementhasenteredanewstageofrapidgrowth.
4.Precisionmoldsector?vigorouslydevelopingprecisionmachiningandbuildingaleadingmoldenterprisePrecisionmoldisanintegralpartoftheCompany'sindustrialsectors.Adheringtothestrategyof"Refinement,Standardization,SpecializationandProductization",GreePrecisionMoldCo.,Ltd.establishedmoldcentersinallproductionbasesofGreeElectricAppliances.Nowitpossesses4R&Dplatforms,1national-levelskilledmasterstudio,1municipal-levelskilledmasterstudio,1municipal-levelskillworkstation,and12technicalmanufacturingservicecenters.Bytheendof2022,GreePrecisionMoldCo.,Ltd.hadmorethan1,500employeesandover600technicians,with586patentsappliedintotal.In2022,GreePrecisionMoldCo.,Ltd.continuedtoexertitsstrengthinthefieldsofhouseholdappliances,automobiles,batteries,energystorages,3Cproducts,medicaldevices,opticaldevices,motorcores,etc.AnditfocusedonlaunchingprojectsincludingNewEnergyVehicleBatteryMold+InjectionMoldedProductsProject,IntelligentFactory(Turnkey)Project,PrecisionMoldofAutomobileInteriorandExteriorTrimProject,andBatteryPACKProject.Itshigh-speedstampingmoldcanreach380stroketimesperminute,equallingtheleadinglevelathomeandabroad.Atpresent,GreePrecisionMoldCo.,Ltd.hasprovidedservicestohigh-qualityandstablecustomersinmanyfields,effectivelydrivingthedevelopmentofupstreamanddownstreamindustries,strengtheningmarketcompetitiveness,andconsolidatingitsindustryposition.(III)Adheretoinnovation-drivendevelopment,makebreakthroughintechnicaldifficulties,andboostChinaCreation
1.Focusoncoretechnologies,andcontinuetopromotethedrivingforceforinnovationanddevelopmentIn2022,accordingtothemarketdemandandpainpoints,newtechnologicalbreakthroughsandinnovationshadbeenmadeintheheatpumpfloorheatinganddeepmineheatinjury.TheCompany's"KeyTechnologyandApplicationofHigh-
efficiencyHeatPumpBasedonThermalMass"projecthadsolvedtheproblemsofdomesticheatpumpfloorheatingindustry,includingmismatchbetweensupplyanddemandoffloorheating,lowenergyefficiencyinactualoperation,andlargeenergyefficiencyattenuationunderfrostingconditions.The"KeyTechnologyandApplicationofNewCompleteRefrigerationEquipmentforHeatInjuryControlinDeepMines"projecthadovercomepoorrefrigerationanddehumidificationeffectoflocalcoolingequipmentinmines,largeconsumptionoffreshairandwaterresources,pooreffectofventilationandheattransfer,narrowoperatingrangeofcompressors,etc.Accordingtoauthoritativetechnicalevaluation,thesetwotechnologieshadreachedtheinternationalleadinglevel.In2022,theCompanytooktheleadinundertakingtwonationalprojects,andGreeAdvancedRefrigerationCompressorDevelopmentTeamwasapprovedasZhuhaiInnovationandEntrepreneurshipTeam.ThenationalkeyR&Dprogram?"R&DandApplicationofIndustrialInterconnectionPlatformforLarge-scaleManufacturingIndustry"initiatedbytheMinistryofScienceandTechnologyprovidedsupportforelementsintegration,structuraloptimization,andoperationcontroloflarge-scalemanufacturingindustrychain.Theindustrialinternetpilotdemonstrationproject?"GreeG-FIEMSEnergyInternetFactorySystem"pilotedbytheMinistryofIndustryandInformationTechnology,assistedfactoriestosaveenergyandreduceemissions,andpromotedlow-carbontransformationandtechnologicalinnovationofenterprises.
2.Continuetopromotestandardization,andfosterinternationalrightofspeechTakingsatisfyingconsumerneedsasitscoreconceptandstandard,theCompanyimplementsthestandardleadingstrategyorientedtoconsumerneedsandsocialresponsibilitiestopromotethehigh-qualitydevelopmentofenterprisesandindustrieswithtechnicalstandards.Since2018,GreehasbeenlistedasNationalEnterpriseStandard"Leader"forfiveconsecutiveyears,withitsenterprisestandardsinthepastthreeyearspioneeringtheindustry.Atthesametime,morethan2,500Greecomponentsandpartsstandardshavebeenformulatedintotheindustrialchain,drivingnearly100smallandmedium-sizedmanufacturingenterprisestobecomeindustryleaders.Greehasactivelyledandparticipatedintheformulationof756internationalandnationalstandards,contributingtothat"standardsgoingglobal"drives"productsgoingglobal"withpracticalaction.In2022,intermsofdomesticstandards,GreeElectricAppliancesservedastheleaderofthefirstdomesticDCControllerWorkingGroup(SAC/TC212/WG11)oftheHouseholdAutomaticControls.Thenationalenergy-savingstandardizationdemonstrationproject?"Energy-savingStandardizationDemonstrationCreationofLow-temperatureHeatingAir-sourceHeatPumpTechnology"successfullypassedthenationalexaminationandacceptancewithoutstandingresults,demonstratingGree'spositionasanindustrybenchmarkinstandardsettingofenergyconservationandenvironmentalprotection.TheResearchandEvaluationBaseofTechnicalTradeMeasuresforRefrigerationEquipmenthaspassedtheofficialassessmentoftheGeneralAdministrationofCustomsofthePeople'sRepublicofChina,becomingoneofthefirstbatchesofsixresearchandevaluationbaseswithnationaltechnicaltrademeasuresthatareofficiallydesignatedinChina.Withhighscores,itpassedtheAAAAA-levelenterprisereviewevaluationof"StandardizedGoodBehavior",onceagaingainingtheauthoritativerecognitioninstandardizationwork.In2022,withregardtointernationalstandards,asthefirstChineseentrepreneurintherefrigerationindustrytoserveasthechairwomanoftheRefrigerantCompressorSub-Committee,DongMingzhuconvenedthe10thplenarymeeting(ISO/TC86/SC4)withrepresentativesfrom9countries,andtooktheleadinproposingtwointernationalstandardsforrefrigerationcompressors,namelyPerformanceRatingofPositiveDisplacementRefrigerantCompressor(ISO/NP18501)andPerformanceRatingofCentrifugalRefrigerantCompressor(ISO/NP18483)thataresuccessfullyapprovedasprojects,providingscientificandreasonablesolutionsofenergyefficiencyevaluationforpositivedisplacementrefrigerantcompressorsandcentrifugalrefrigerantcompressors.The2022internationalstandardPhotovoltaicDirect-drivenApplianceControllers?Part2:OperationModesandGraphicDisplay(IECTS63349-2)ledbyGreeElectricApplianceswasofficiallyreleased,fillingtheinternationalgap.ItisexpectedthatPhotovoltaicDirect-drivenControllers?Part1:GeneralRequirements(IEC63349-1)willbeofficiallyreleasedin2023.SixISOinternationalstandards,suchasmultifunctionalheatpumpwaterheatersandrefrigerantcompressors,havebeenwell-offestablished,spreadingandexchangingnewideasandtechnologiesfromChinawiththeoutsideworldinatimelymanner.
3.Improvetheintellectualpropertyprotectionsystem,andgainafirmfootholdinthecompetitionofscientificandtechnologicalinnovationTheCompanyattachesgreatimportancetotheprotectionofintellectualpropertytoensureitsleadingpositioninthefieldofintellectualpropertyrights,andenhanceitscorecompetitiveness.Inordertoimproveintellectualpropertymanagement,theCompanyhasdevelopeda"wholeprocessintellectualpropertymanagementsystem",whichimplementstheelectronicmanagementofthewholelifecycleofintellectualproperty.Ithassetupthescientificintellectualpropertyincentivemechanismandahighamountofscientificandtechnologicalprogressincentivefundtorewardeachyeartheunitsandindividualsthathavemadeoutstandingachievementsinmanagementandtechnologicalinnovation,greatlystimulatingthe
innovationenthusiasmofscientificresearchers.In2022,GreeElectricAppliancesappliedforatotalof12,520patentsathomeandabroad,including7,508inventionpatentapplicationsand3,270inventionpatentauthorizations,highlightingitsindependentpropertyadvantages.
4.Optimizeproductdesignability,andenhanceproductdesignvalueCenteringonusers'demands,theCompanybuildsuniquedesignconceptsintheproductmanufacturing,andonnoaccounttakesconsumersastheproducttestsamples.Afterthedesignofnewproducts,Greewillofficiallyputthemintomarketafterlong-termtestingsincludingtrial-production,long-termoperationexperiments,andredesign,aimingtoprovideconsumerswithamoresafe,reliable,intelligent,convenient,naturalandcomfortableuseexperience.Inordertoimprovetheproductdesign,theCompanyhasdevelopeda"scientificandtechnologicalinnovationplatform",whichincludesproductpatentdata,andupdatesthedatainformationinrealtimetoimprovethestartingpointofR&D.In2022,Greeproductswon12internationaldesignawards(1GermaniFIndustrieForumDesignAward,6GermanRedDotDesignAwards,5AmericanIDEAAwards)and1ChinaExcellentIndustrialDesignAward(BronzeAward).(IV)Providehigh-qualityproductsanduser-orientedprofessionalservicestocreateagoodbrand
1.ConstructaperfectqualitymanagementmodetopromotethecontinuousimprovementofenterprisequalityDuringthereportperiod,theCompanycontinuouslyimprovedthequalitymanagementsystem,innovatedthequalitycontrolmode,andpromotedthesystemprocessreengineering.TheCompanyestablishedaleadinglaboratorythatmeetstheR&Dandtestingneedsofdiversifiedelectricalproducts,andhousesmanyadvancedinstrumentsandtestingtalents,toprotectthequalityofproducts.In2022,itbecametheworld'sfirst"InternationalCertificationEnterpriseLaboratory"andwasawardedasthe"SevenStarLeadingLaboratoryofAirConditionerInspectionandTestingService",whichcontributedtoGreetobecomeoneofthefirstgroupofenterprisesinChinatoreachthehighestlevel.TheprojectConstructionofData-drivenProductLifeCycleQualityManagementSystemandItsApplicationinCentralAirConditionerwonthefirstprizeofQualityandTechnologyAwardofChinaAssociationforQuality.TheprojectResearchandApplicationofKeyTechnologyforQualityImprovementofAirConditionerR&DBasedonEdgeComputingwontheexcellenceawardofQualityandTechnologyAwardofChinaAssociationforQuality.ThetwoprojectsofResearchandApplicationofKeyQualityTechnologyofGREEAltairnanoEnergyStorageSystemandResearchonKeyTechnologyforReliabilityImprovementofDomesticChipsandDevicesofHouseholdAppliancesBasedonTSQwonthesecondprizeofQualityandTechnologyAwardofChinaAssociationforQuality.ThetechnicalteamofCommercialAirConditionerTestingCenterwonthenominationawardofGuangdongProvincialGovernmentQualityAward.TheCompanycontinueditssuperblevelinqualitymanagement,andtheprofessionalismandinternationalizationofcertificationandtestingcapabilities,andtechnicians.
2.Providehigh-qualityservicestoupgradequalityIn2022,theCompanylaunchedthe"recyclingofusedairconditioners"and"oldfornew"activities.Basedonthehouseholdappliancerecyclingsystemlinkingtheconsumersandrecyclingunits,Greeapplied"oldfornew"asalong-termstablepreferentialproject,whichwouldundertakethetargetrecyclingvolumeof5.12millionhouseholdappliancesandcontinuetoexertitsstrengthinrecyclingusedairconditioners.Consumerscouldenjoyhigh-qualityservicessuchaspreferentialpricesofreplacingtheoldmachineswithnewonesandfreedisassemblyandassemblyofairconditioners,ortheycouldchoosetoreporttheoldmachinesforcashsubsidies,enjoyingbetterproductsatpreferentialprices.In2022,Greewasselectedasthe"LeadingOrganizationofQualityConsumption".AccordingtothesurveyresultspublishedbytheCustomerSatisfactionEvaluationCenterofChinaInstituteofStandardization,GreeElectricAppliancesrankedfirstintheindustryincustomersatisfactionandloyaltyamongairconditioningproductsfor11consecutiveyears,manifestingcustomers'recognitiontoGree.
3.ActivelypromotelogisticsandwarehousingconstructionstoimprovedataservicecapacitiesTheCompanymadeeffortsinbuildingwarehousingconstruction,trunklogisticsself-construction,branchandintercitylogisticsoutsourcing,andonlinechannele-commerceplatformlogistics.Atthesametime,GreeCloudWholesalewaslaunchedtospreadandupdateonlinechannelinformation.Withrespecttowarehousing,17basewarehouseshadbeenbuilt,withsupportingregionalwarehousesbeingaddedinvariousprovincestoachievefullcoverageofwarehousing.Intermsoflogistics,alogisticscompanyhadbeenestablishedwiththemodeof"trunkself-constructionlogistics+branch/intercitythird-partyoutsourcing".Itadoptede-commerceplatformlogisticsinonlinesales,whichmadefulluseofsociallogisticsresources,effectivelyreducedlogisticslosses,andimprovedresponsespeed.Thedigitalsystemwasrepresentedby"GreeCloudWholesale",whichconnectedchannelsystem,warehousingsystem,logisticssystem,andlabordispatchingsystem,achievedinformatizationandcomprehensiveInternetaccess,andempoweredchannelsthroughdigitalization.Whenitcametoordermanagementprocess,continuouseffortshadbeenmadeindigitizationandwarehousenetworkimprovement.Inviewofintelligentdispatching,intelligentdispatchingwasusedinsteadoftraditionalmanualdispatchingtoimprovetheefficiencyofdispatchingservice.Withaviewtopredictivemaintenance,dataacquisitionequipmentIDcardshadbeeninstalledforthesoldmulti-splitairconditioners,coveringvariousprovincesandcitiesacrossChina.TheVRFair
conditionersreturnedthemachineoperationdatatothebigdataplatformeveryday,whichassistedGreetodynamicallygrasptheoperationoftheequipment,timelycarryoutmaintenance,andprovidedmoreaccurateandeffectiveservicesbymorereasonableandintelligentdeploymentofmaintenancepersonnelandmaintenanceaccessoriesinthesalesarea.Withregardtosmartproperty,GreeTalentSmartCommunitywasestablishedtointegratepropertyservicessuchassecurity,facilities,personnel,energyefficiency,andenvironmentbyusingtheInternet,IoT,andartificialintelligencetechnology.Therefore,itwascreatedacomprehensiveserviceplatformfrompartintelligencetooverallintelligence,providinganewmodeofconvenientserviceandsmartlivesforthecommunity.(V)Developdiversebusinessestopromoteinnovationanddiversificationthrivinginanall-roundwayThediversifiedlayoutoftheCompanyrangesfromintelligentequipmentandprecisionmoldsintheverticaldirectionoftheindustrialchain,andrefrigerators,washingmachines,waterheaters,andwaterdispensersinthehorizontaldirectionofproducts,tonewenergy,renewableresources,andpre-cookedfoodequipment.In2022,withintelligentequipmentandnewenergyasthekeydirectionsofdiversifieddevelopment,Greeenteredanewstageofmaturemulti-industrysectorsandgraduallyreleasedperformance,showingtheworldamulti-facetedandstereoscopicenterprisestructure,andcompetitivestrength.
1.Intelligentequipment?Mastercoretechnologiesandpromotehigh-endandintelligentdevelopmentAtpresent,theproductsindependentlydevelopedbyZhuhaiGreeIntelligentEquipmentCo.,Ltd.haveexceeded100specifications,coveringmorethantenfieldssuchasservomanipulators,industrialrobots,intelligentwarehousingequipment,intelligentdetection,specialmachinetoolsforheatexchangers,unmannedautomaticproductionlines,numericalcontrolmachinetools,etc.Anditbasicallycompletestheindustriallayoutfromindustrialrobotstocorepartsandnumericalcontrol(CNC)machinetools,providingsolutionsforcustomizedintegratedapplicationsofindustrialrobotsandlarge-scaleautomaticproductionlines.In2022,prioritizingtechnologiesinintelligentequipmentandadoptingmarketingstrategiesofmarketandmodelbreakthroughs,theCompanymadebreakthroughsinCNCmachinetools,industrialrobots,logisticsandwarehousing,andoverseasmarkets.CNCmachinetools:TheCompanyfocusedonthelightweightmarketofautomobiles,andthebarmachinetoolsoccupiedthedie-castingmarket,involvingintotheintegrationprojectofautomobilefield.Besides,thelargekilogramindustrialrobothadwonthebidforanumberofindustrydemonstrationprojects.Robots:TheCompanyhadmadegreatbreakthroughsinthefourcorecomponentsofcontroller,driver,servomotorandreducer,andlaunchedafullseriesofproductsincludingfive-axislinkageCNCmachinetools,verticalCNCmachinetools,horizontalCNCmachinetools,andgantrymachiningcenters.Five-axislinkageCNCmachinetoolscouldprocesscomplexcurvedsurfacematerials,whichwerewidelyusedinenergy,automobile,generalmachinery,etc.GreeHeavy-dutyHigh-rigiditySix-axisIndustrialRobotwontheSilverAwardofInternationalExhibitionofInventionsofGeneva2022.ZhuhaiGreeIntelligentEquipmentCo.,Ltd.wasratedasHigh-techEnterpriseandNationalIntellectualPropertyAdvantageEnterprise,andwonvariousawardssuchastheSilverAwardofIENAandGuangdongPatentExcellenceAward.Overseasmarket:TheCompanyhadsuccessfullyenteredthehigh-endmarketsinNorthAmericaandEurope,andbuilthigh-endCNCmachinetooldemonstrationprojectsinNorthAmericaandEuropetoenhanceitsinfluenceofitsintelligentequipmentinoverseasmarket.
2.Greenenergy?"Zerocarbonsource"promotestherealizationofgreenenergystrategyTheCompanycontinuedtoexertitsstrengthingreenenergy,andwascommittedtotheresearchandproductdevelopmentofkeytechnologiesinnewenergyappliancesandnear-userenergyInternetsystems,soastojointlybuildanewecologyofenergyinformatizationandDC,andpromotethetransformationofgreeneconomy.
(1)Photovoltaic(storage)airconditioner?Integrationoflight,storage,andair,pioneeringanewzero-carbonecosystemNowadays,GreephotovoltaicairconditioningsystemhasachievedfullcoverageofVRF,screw,centrifuge,condenser,module,andsplitairconditioner,whicheffectivelyfitsmorescenarios.Theyhavecoveredmanytypicalclimatezonesaroundtheworld,andservedmanycountriesandregions,withmorethan12,000projectscompleted.Greephotovoltaicdirect-drivenairconditioningsystemandopticalstoragefullDCairconditioningsystemhavebeensuccessfullyupgradedto"zerocarbonsource"airconditioningsystem,whichdevelopsthetechnologyofparallelstepcompressionrefrigeration.Thephotovoltaic(storage)DCairconditioningsystemisequippedwiththephotovoltaicdirect-drivenfrequencyconversiontechnologypioneeredbyGreeElectricAppliances,andhasbeenappraisedasan"internationalleading"scientificandtechnologicalachievement,realizingDCairconditioning,energyinformatization,andrefinedmanagement,andcreatingazero-carbonDCecosystemwithmulti-commutationof"source-storage-network-charge".Itcannotonlypromoteself-useofelectricity,butalsosupplysurpluselectricitytootherelectricalequipmenttorealizeself-sufficiencyinelectricenergy.Gree's"zerocarbonsource"airconditioningtechnologywonthehighestawardintheGlobalCoolingPrize.Therelated
technologiesofphotovoltaic(storage)DCairconditioningsystemhavewonthefirstChinesePatentGoldAwardinthehouseholdapplianceindustry,theBritishRACAnnualAchievementAward,theGenevaInternationalInventionGoldAward,etc.
(2)Newenergy?PreemptthelayoutofnewenergyindustryandcontributetonewenergyforceImprovingfurtherthelayoutofthenewenergyindustry,theCompanybuiltanintegratedindustrialchaincoveringlithiumbatterymaterials,lithiumbatteries,modules/PACK,corecomponentsofnewenergyvehicles(NEVs)anddownstreamNEVs,industrialandcommercialenergystorage,andenergyinternetsystems.GREEAltairnanoNEVsandlithium-titanatebatterieswererecognizedas"FamousHigh-techProductsinGuangdongProvince",andwonagaintheawardof"MostInfluentialEnterpriseinChina'sEnergyStorageIndustryoftheYear".
①NEV?Acceleratethecommercializationofscientificandtechnologicalachievements,andassistinbuildinggreenandefficienttransportationInsistingonindependentinnovationandR&D,theCompanylaunchedtwoseriesofproducts,namelycommercialvehiclesandspecialvehicles,accordingtotheneedsofdifferentindustries.TheGREEAltairnanoNEVshavebeenoperatedinmorethan230citiesacrossChina,includingBeijing,Shanghai,Guangzhou,Chengdu,Nanjing,Tianjin,andWuhan.In2022,GREEAltairnanoproductswonthe"BusTechnologyInnovationandApplicationAchievementAward"and"AnnualHydrogenFuelCellVehicleAward",etc.,andhavebeenreputedas"InfluentialBrandinChina'sNewEnergyVehicleIndustry","TopTenInfluentialBrandinChina'sPhotovoltaicIndustry","TopTenQualityBrandinChina'sChargingFacilityIndustry","PioneerEnterpriseinComprehensiveEnergyServiceInnovation","NationalNewEnergyVehicleIndustryQualityLeadingEnterprise","NationalProductandServiceQualityIntegrityDemonstrationEnterprise"and"NationalProductandServiceQualityIntegrityBrand",etc.GREEAltairnanocommercialvehiclesaremainlyurbanbusesandcityroadvehicles(commutervehicles),includingantiquetrolleycars,dolphinbuses,double-deckerbuses,hydrogenfuelcellbuses,andmicro-buses.Accordingtothecharacteristicsofurbanandruralareas,GREEAltairnanohaslaidoutinadvancemicro-circulationbusesthatmeetdiversifiedtransportationneeds,givingfullplaytothesynergisticeffectofmicro-routesandlargebusnetworks,andsolvingthepainpointsofurbanandruraltrafficoperation.In2022,aftertheoperationofthe18mdolphinbuses,antiquetrolleycars,double-deckerbuses,classicroadcarsandfacialmaskroadcarsinBeijing,GREEAltairnanonewenergyclassicbuseswerefurtheraffirmedtoservemanyroutesinBeijing.TheyhavealsobeenputintouseinGanzhou,Ma'anshan,Weinan,Linfen,Yantai,Weihai,Shijiazhuang,Zunyi,andXixianNewDistricttohelpbuildgreenandefficientpublictransportationsystems.GREEAltairnanohydrogenfuelcellbuswasnamedtheHydrogenFuelCellBusoftheYearbytheQingyunCup.GREEAltairnanoairportferryreceivedthe"AviationGroundEquipmentInspectionCertificate"issuedbytheNationalConstructionMachineryQualitySupervisionandInspectionCenter,becomingaspecialvehicleforcivilairportscertifiedbythetestingagencydesignatedbytheCivilAviationAdministrationofChina.Atpresent,GREEAltairnanoNEVshavebeenoperatinginmanyairports,providingsafe,fast,andeconomicalservicesforairportpassengertransport.
②Lithiumbattery?AdheretoindependentinnovationtoprovidestrongsupportforthedevelopmentofnewenergyBasedonlithiumbatterytechnology,withadvancedbatterymanagementsystem(BMS)andthermalmanagementsystem,theCompanyhasavarietyofenergystorageproducts,includingbatterymodules,containerenergystoragesystem,rackenergystoragesystem,andphotovoltaicparalleloff-gridenergystoragesystem,coveringKWtoMWlevels,whichprovideefficientsolutionsforindustrialpeakshaving,powergridfrequencymodulation,communicationbasestation,datacenter,railtransit,windandlightconsumption,commercialcomplex,etc.In2022,Greeactivelyexpandedtheresearchandapplicationofkeytechnologiesinvariousfieldsofnewenergy,andimprovedthebottleneckperformanceoftraditionallithiumbatteriesinbatterysafety,lowtemperatureresistance,andhighrate.GREEAltairnanoenergystoragesystemlaidthetechnicalfoundationfortheintegrationdevelopmentofsource,network,chargeandstorageinhighaltitudelocalitieswithlargetemperaturedifferencessuchasTibet.GREEAltairnanowasawardedthe"2023'PolarisCup'EnergyStorageInfluentialBatterySupplier",anditsproject"R&DandApplicationofKeyTechnologyofHigh-safetyandLarge-rateEnergyStorageSystem"wasawardedtheGuangdongScienceandTechnologyProgressAward,thefirstprizeofScienceandTechnologyAwardofChineseMechanicalEngineeringSociety,andthefirstprizeoftheMechanicalIndustryScienceandTechnologyAward.In2022,GREEAltairnanoNewEnergy's"ALithiumTitanateCompositeMaterialandItsPreparationMethod,NegativeElectrodeandLithium-ionBattery"successfullywonthe23rdChinaPatentAward,whichwasthe"FirstGold"ofinventionpatentinthelithium-ionbatteryindustryandalsothefirstandonlylithiumbatteryproducttechnologyselectedinthenewenergyindustry.Throughthegoldenpatenttechnology,GREEAltairnanopioneeredanewtypeoflithiumtitanatecompositematerialwithhighconductivityandGREEAltairnanocylindricalbattery,whichessentiallyimprovedthesafetyperformanceofthebattery,andmadethebreakthroughinthetechnicalbottleneckthatlarge-ratecharginganddischargingandlong
cyclinglifecannotbetakenintoaccount.Itisofgreatsignificanceandremarkablesocialbenefitsforexpandingtheapplicationrangeoflithiumbatteryproductsinthenewenergyfield.Thehydrogen-titaniumpowertraintechnologyindependentlydevelopedbyGREEAltairnanowasratedasthe"internationalleading"keytechnologyofhigh-safetyandlarge-rateenergystoragesystems.Ithadbeensuccessfullyadoptedintheworld'sfirstempiricalexperimentalplatformforphotovoltaicenergystorage,providingeffectivescientificsolutionsforthestableapplicationofenergystoragesystemsintheconsumptionscenariosofrenewableresourcespowerdevelopmentinhighaltitudeandultra-lowtemperatureareas.AndithadalsobeenutilizedinopticalstorageprojectssuchasoilstationsinQinghaiandXinjiang.Bytheendof2022,GREEAltairnanohadappliedfor3,463patentsintotal,andachievedaleapfromanenterprisewithsuperiorintellectualpropertyrightstoademonstrationenterprise,whichcontributedtoitbeingselectedasa"NationalIntellectualPropertyDemonstrationEnterprise".
3.Diversifiedlayout?Securetransformationandinnovationtocreateadiversifiedindustrialecosystem
(1)Semiconductor?ImprovethelayouttosolvetheupstreambottleneckTheCompanyhaddevelopedproductsincluding32-bitMCU,AIoTSoC,andpowersemiconductors.The32-bitMCUserieshadachievedbatchapplicationinseriesproductssuchashouseholdairconditioners,commercialVRFunits,wirecontrollers,remotecontrols,etc.,withannualconsumptionexceedingtenmillion.Itwaswidelyusedinconsumerelectronics,wearabledevices,householdproducts,healthcaresupport,commercialutility-typeunits,industrialsensing,high-performancemotorcontrol,etc.Asforpowersemiconductors,themassproductionofFRD,IGBT,andIPMseriesofproductshadbeencompleted,whichhadbeenappliedinbatchesoninverterairconditioners.Theywerewidelyusedinhouseholdappliances,intelligentequipment,newenergy,etc.ThecumulativeshipmentoftheCompany'sproductshadexceeded100million,andthepowersemiconductorproductswerereputedas"FamousHigh-techProductsofGuangdongProvincein2022"and"SpecializedandSpecialNewEnterpriseinGuangdongProvince",andwonthesecondprizeofQualityandTechnologyAwardissuedbyChinaQualityAssociationin2022.
(2)Renewableresources?CarryoutsocialresponsibilitieswithgreenrenewableresourcesystemTheCompanyhadestablishedamaturehouseholdappliancerecyclingsystem,andhadsuccessivelysetupsixrenewableresourcesenvironmentalprotectiontreatmentplantsinZhuhai,Changsha,Zhengzhou,Shijiazhuang,WuhuandTianjin.Withrichgreentreatmenttechnologies,itpromotedthedevelopmentofthenationalenvironmentalundertakingsintheconceptoflow-carbondevelopment.In2022,theCompanyactivelyrespondedtothecallofChina.AsoneofthesixenterprisestocarryoutNoticeonDoingaGoodJobinRecyclingTargetResponsibilitySystemofHouseholdApplianceManufacturersin2022oftheGeneralOfficeoftheNationalDevelopmentandReformCommission,andtheGeneralOfficeoftheMinistryofIndustryandInformationTechnology,itundertooktherecyclingtargetof5.12millionwastehouseholdappliances,implementedthetargetresponsibilitysystemforrecyclingusedhouseholdappliances,builtGree'sreverselogisticsrecyclingsystem,andintegratedthereuseofsocialrecyclingresources.Atthesametime,theCompanycarriedoutandupgradedthe"oldfornew"activity,eliminatedbackwardhouseholdapplianceswithpotentialsafetyhazards,promotedtheupgradingofhouseholdapplianceconsumption,andreplacednewproductswithhigherefficiency,betterqualityandmorereliabilityforcustomers,whichcontributedtoagreenandhigh-qualitydevelopmentpathof"scientificandtechnologicalinnovation-greenmanagement-recycling".Duringthereportperiod,6.7millionunits(sets)ofwastehouseholdapplianceshavebeendisposedof,andover
46.7millionunits(sets)ofvariouswasteelectricalandelectronicproductshavebeenprocessedintotal.
(3)Healthcare?Layoutnewracetrackstoenhancecomprehensivestrengthandanti-riskabilityTheCompanyhadsuccessivelyestablishedanumberofmedicalequipmentcompanies,suchasZhuhaiGejianHealthMedicalTechnologyCo.,Ltd.andGreeChengduXinhuiMedicalEquipmentCo.,Ltd.,andengagedinR&Dandproductionofmedicalprotectiveproducts,laboratoryequipment,andmobilemedicalequipment.Bybuildingaplatformforresearchandtransformationofgenerictechnologies,theCompanysatisfiedthecustomizedneedsofproductsindifferentapplicationscenarios,drovethelocalizationofequipmentinbiomedicineandlifesciences,andpromoteditsdiversifiedlayout.
(4)Pre-cookedfoodequipment?DeveloprefrigerationequipmentandproductionequipmenttoopenuptheindustrialchainIn2022,theCompanyinitiatedtheestablishmentofGuangdongPre-cookedFoodEquipmentIndustryDevelopmentAssociation,foundedZhuhaiGreePre-cookedFoodEquipmentTechnologyDevelopmentCo.,Ltd.,andcontinuouslypromotedthefinancialservicealliance,providingsupportingspecializedcoldequipmentofmanufacturing,storage,andtransportationforupstreamanddownstreampre-cookedfoodenterprises.Centeringonthethreethemesofintelligentproduction,digitalmanagementandintelligentdecision-making,theCompanybuiltintelligentfactoriesforpre-cookedfoodenterprisesfeaturingautomation,informationoperation,andintelligentcustomizationincombinationwithautomaticproductionequipment,intelligentlogisticsequipment,andhigh-endrefrigerationequipment.
(VI)DeeplyspecializetheIoTtoimprovetheomni-channelecologicallayoutIn2022,theCompanyfocusedonchannellayoutandexpansioninthequantityandquality.Fasteningonmajorprojects,ithadobtainedfruitfulordersinpublicbuildings,traditionalmanufacturing,cleanheating,publictransportation,datacenters,high-endmanufacturing,medicalandhealthcare,etc.Asforusers,ithadin-depthcultivateddifferentlayersofusers,andexploredandpromotedthediversity,professionalism,andthecomplementaritybetweendifferentchannels.
1.DeeplylayoutsmarthomestoleadsmartandhealthylivesIn2022,theCompanymadeanin-depthlayoutinsmarthomesystem,smarthomenetwork,smartvoiceinteraction,smartscenarioscheme,smartproducttechnology,etc.,andcontinuouslyupgradedthefivesmartlivingsystemsofenergy,air,health,securityandlightinginthewholehouse.Greedevelopedpersonalizedspaceintelligentsolutionsfordifferentlivingspacessuchaslivingroom,bedroomandkitchen.Inviewofdifferentscenariosincludingvillas,largeflatfloorsandcommercialresidentialbuildings,itfurtheredtheresearchanddevelopmentplanningofintelligentcentralproductsandintelligentinterconnectionsolutionsforthewholehouse,soastobettermeetthedemandsofdifferentusersforcreatingagreen,efficient,convenient,andsafehomewithInternetofEverything.Accordingtothe"2022Top100GlobalSmartHomeInventionPatents"publishedbyIPRdaily,Greerankedforthintheworld,anditsR&Dstrengthinsmarthomeswasonceagainrecognizedbyprofessionals.Intermsofsmartproducts,Greehadindependentlycreatedawholeseriesofsmarthomeproducts,IoTplatform,intelligentdecision-makingsystem,G-Voicevoiceinteractionsystem,intelligentvisionsystem,G-OSIoToperatingsystem,G-Learningcomfortandenergy-savingalgorithm,etc.,providingInternetofEverythingsolutionsforhigh-qualityfamilylives.Greecentralizedmanagementplatformprovidedone-stopmanagementservices,whichhadbeenaccessedintohotel,apartmentanddormitorymanagementsystems,realizingtheleasing,centralizedmanagement,controlanddatastatisticsofairconditioners,doorlocks,drinkingmachinesetc.Ithadservedmanyoperatorsalloverthecountryandbeenaccessedtomorethan100,000devices.Inmarketing,theCompanyintegratedsmarthomeintoGreestorestodisplayGreeSmartComfortableHomelinkingthewholehouse.In2022,ithadlaunchednearly20GreeSmartComfortableHomesinGuangzhou,Foshan,Chengdu,Chongqing,Nanning,Ganzhou,Zhengzhou,etc."GreeSmartComfortableHome"integratedfivesystemsofcentralairconditioning,floorheating,freshair,healthywaterandsmarthome.AnditcoveredthewholeseriesofGreesmartproductsbythesixtechnologiesofintelligentconnection,intelligentperception,intelligentinteraction,intelligentcloudplatform,intelligentenergy,andartificialintelligencelaidoutbyGree.Inrespecttosmarthomeecologicalinterconnection,GreeStandardCloudcooperatedwithdomesticmanufacturerssuchasBaidu,Tmall,andHuawei,andoverseasmanufacturersincludingGoogleandAmazon.Byprovidingauthorizedservicesforcooperativemanufacturers,GreeStandardCloudprovidedconvenientinquiryandcontrolofGreeequipmentforplentyofusers,whichimproveditsinfluencesandbrandeffect.
2.Promotetheconstructionofdigitalstorestocreateanewomni-channelretailmodelIn2022,theCompanybuiltanefficientnewretailsystemincombinationwithdigitaltools,whichpromotedtheintegrationofsalesandservices,theequivalenceofsecurityrightsandresponsibilities,andthespecializationofprocurementanddistribution.Inthematterofofflinespecialtystores,Greepromotedtheconstructionofdigitalstores.Throughtheintroductionofdigitalequipmentsuchasintelligentshoppingguidescreen,cloudshelf,andelectronicpricetag,andupgradingofthestoreimage,offlinestoresnotonlypossessofflineandonlinesalesfunctions,butalsobecomespaceforexperience,reception,andcommunication.Consumerswilldeeplyfeelthetechnologicalconvenience,health,andcomfortbroughtbyGreeproductsinthestores.GreeTerminal'snewretailstoreswillcreateanewomni-channelretailmodelbasedontheexperienceoftenthousandstores.Accordingtodifferentlocalsituations,thecorrespondingreformplanswereformulatedandpromotedthroughoutthecountry.Informatization,digitalization,andintelligenttechnologyhavebeendeeplyappliedinthenewretailmarketingmodel.
3.Overweightdiversifiedchannellayouttopromoteomni-channelstrategiclayoutIn2022,theCompanycontinuedtoexertitsstrengthonlineandthroughsinkingchannels,settledinthewholenetworksandplatforms,strengthenedthelayoutofoutlets,effectivelycoveringthewholemarket.TheCompanydeeplycooperatedwiththethree-partye-commerceplatforms,settledinmajorhomeappliancestoressuchasMaoxiangChannelandMiaosudaunitedwithAlibaba,builtGree+JDjointstores,putintoinvestmentcontinuously,activelypromotedtheonlinedistributionmodel,andenrichedthee-commercesaleschannels.AccordingtoAllViewCloud,Gree'sonlineshareincreasedto28.9%in2022.Relyingondistributorresources,Greeestablishedaself-builtstoresystemtoreachthethird-andfourth-tiermarketsindepth.Atthesametime,ithadjointlydevelopedsinkingchannelswithJDandopenedupnearly600Gree+JDjointstores.JDspecialtystoresandTmallpremiumsalescontinuedtoimprove,furtherexpandingthemarketscaleofthesinking
channels.Inthemeantime,Greetook"DongMingzhu'sStore"asthefocustoexpandthecustomerflow."DongMingzhu'sStore"hadbeensuccessfullytransformedintoanopenplatform,whichservedasadockingterminalretailerforallcategoriesofe-commerceplatforms,layingafoundationforonlineandofflineintegrationandthepromotionofonlinewholesalemodel.
4.Vigorouslydevelopself-ownedbrandstoseizeoverseasmarketsIn2022,Greeproductshadbeensoldtomorethan190countriesandregions,withitsoverseasoperatingrevenueachievingRMB23.27billion.Self-ownedbrandsalesaccountedfor57%,withthesalesgrowthofnearly20%year-on-year.TheCompanydeeplyexploitedoverseasmarkets,continuouslyimprovedtheR&Dcapabilitiesofoverseasproductsthroughtheindustrialadvantagesofinternalandexternalcooperation,achievingsustainedandsteadygrowthinmarketsoftheMiddleEast,Europe,andSoutheastAsiabysubdividingproductsmoresuitableforlocalconsumers.Throughoverseasofflineexhibitions,anddiverseonlineandofflineproductpromotionactivities,Greeenhancedbrandeffect,andoperateditsfullmatrixoverseassocialmediaplatforms.Anditalsopilotedthenewbondedwarehousemodeloverseastopromotesteadybusinessgrowth.Greehadwonanumberoflarge-scaleoverseasmodelprojects,includingOmanMinistryofEducation,EmaarVilla-clustersinDubai,BANDTVStationinBrazil,LaRinconadaBaseballStadiuminVenezuela,andPaddingtonSquareinBritain,whichhadsecuredfruitsinvariousfieldssuchaspublicfacilitiesandcommercialbuildings,establishingGree'sinternationalbrandimage.(VII)MakebreakthroughsinthedataoperationofthewholevaluechaintoenablesustainabledevelopmentofdigitalintellectualizationIn2022,basedontheprincipleof"efficiencyandeffectiveness",Greevigorouslypromotedthedigitalandintelligenttransformation,carriedoutanintegratedsupportingdesignfororganizationalprocesses,informatizationandautomation,andclearlydefinedtheinformatizationefficiencypointsandimplementationpaths,forminganoverallinformatizationblueprintforconnectivityof"1platform,1standardsystemand18fields".Greesuccessfullycarriedoutthewholevaluechainoperationdrivenbysoftwareanddata,completelycoveringalllinksofthewholevaluechainsuchasplanningandR&D,orderbooking,intelligentscheduling,flexiblemanufacturing,collaborativesupply,qualitytracking,logistics,customerservices,etc..Itmaintainedtheend-to-endcollaborativeconnection,real-timedeliverydata,ordercustomization,processvisualization,intelligentproductionscheduling,timelypushofabnormalreminders,suppliercollaboration,intelligentwarehousingandlogistics,anddeliverycollaboration,promotingefficiency,valuecreation,andbusinessobjectiveswithdigitalization.
1.Buildabenchmarkingenterpriseof"intelligentmanufacturing"toachievequalityandefficiencyimprovement,andcostreductionDuringthereportperiod,theCompanyactivelyrespondedtothecallofthestateandgovernmenttovigorouslypromotethehigh-qualitydevelopmentofintelligentmanufacturing,andfocusedonbuildingandcultivatingintelligentfactoriesandmanufacturingdemonstrationscenarios.GreeChangshaIntelligentManufacturingFactorywasselectedintoFortune's"MostInnovativeIoTCompanies".GreeElectricAppliances(Hefei)Co.,Ltd.wasrecognizedas"ExcellentSceneofIntelligentManufacturing"bytheMinistryofIndustryandInformationTechnology.GreeTOSOT(Suqian)HomeAppliancesCo.,Ltd.wasratedasthebenchmarkfactoryofindustrialInternetinJiangsuProvince.GreeElectricAppliances(Luoyang)Co.,Ltd.wasidentifiedasaprovincial"smartfactory".GreeElectricAppliances(Nanjing)Co.,Ltd.wasevaluatedasaprovincial"IntelligentManufacturingDemonstrationWorkshop".TheCompanymadefulluseofnewinformationtechnologiessuchasindustrialInternet,cloudplatform,artificialintelligence,bigdata,blockchainand5G,acceleratedtheconstructionof"Lighthouse"DemonstrationIntelligentFactoryinGaolanPort,andgraduallyformedagoldentriangleofdigitalintelligencetransformationcenteredonZhuhai,ChangshaandHangzhoubases.GreeGaolanPortUnmannedFactoryaspiredtobuildademonstrationprojectof5Gconvergedapplicationsmartfactory,focusingonproductionlinesthatdeveloped5G+AIintelligentapplicationsolutions,andfurtherincreasedAIscenarios.Thereareover300AIapplicationpointsinthefactory,includingpartsdefectdetectionandautomaticpositioningassembly.The5G+AIintelligentdetectionplatformprovidesabrand-newworkingmodeforqualityinspection,whichisappliedintoscenariosincludinghigh-precisionpositioningguidanceandmulti-modalqualityinspectionanalysis,effectivelyimprovingthedetectionaccuracy.GaolanPortUnmannedFactory,basedonGreeDigitalTwinVirtualFactoryPlatform,aimstoachieveintelligentequipmentmanagement,incombinationwithequipmentonlinediagnosis,predictivemaintenanceandotherapplications.Itwilltake5G+MECasthebase,andcarrysecurityapplicationssuchasAIvideosurveillanceandmobilerobotinspectioninsmartpark,soastosecurecomprehensivesecuritypreventionandcontrol,acceleratethelandingofartificialintelligenceapplicationschemes,andrealizequalityandefficiencyimprovement.
2.PersistinsystematicinnovationtopromotebreakthroughsinkeylinksIn2022,theCompanyestablishedanintelligentlabordispatchingcenterformanufacturingprocessmanagementbybuildingaGreespotinspectionplatformofintelligentmanufacturingandpre-productionpreparationsystemtorealizeintelligent
managementanddistributionofstatictasks.Onthebasisofnetworking,thegroupequipmentintelligentmanagementplatformwasbuiltforequipmentdatacollectionandanalysis,real-timemonitoringandintelligentdecision-making,solvingaseriesofproblemsincludingincompletedatacollection,andinadequateoperationandmaintenanceofdatasupervision.Majorbreakthroughshadbeenmadeinindependentdevelopmentandapplicationofthetwo-deviceintelligentproductionline.Theindustry'sfirstsetofintegratedequipmentforcondenserpenetrationandexpansionhadbeenputintooperationsmoothly,boostingfullyautomaticproductionofcondenserswithoutlanding.Thefirstevaporatorautomaticpipepiercingmachinehadbeenfinishedofffromthefactory,whichsolvedtheproblemofautomaticpipepiercingofspecial-shapedfinsandfilledthetechnicalgap.
3.Continuetoimprovethelevelofintelligence,andcreateanewtrendof"industrialInternetenterprises"In2022,bybuildinganindustrialInternetplatform,theCompanyintegratedvariousinformationtechnologiessuchasindustrialbigdata,IoTandartificialintelligence,anddataresourcesofexistinginformationsystemsinthefactory,thusimprovingthecomprehensivesupervisionabilityoffactories.Inmanyfields,suchasqualitycontrol,datamanagement,rapiddevelopment,automaticproductionscheduling,digitalmeanswereusedtoimprovetheworkefficiencyandmanagementaccuracyofinternalsections.Therefore,itachievedthegoalsofnon-manualinterventioninthewholeprocessandunifiedbusinessandplatform,andprovidedcustomerswithintelligentfactorysolutions.Theefficientintelligentenvironmentalcontrolsystemproject,whichGreeisresponsiblefor,hasbeenofficiallyputintouseinShenzhenMetroLine12.AsthefirstbatchofintelligentenvironmentalcontrolsystemprojectsinChina,ShenzhenMetroLine12adoptsGreehigh-efficiencyfrequencyconversionequipmentunderallworkingconditions,includingpermanentmagnetsynchronousfrequencyconversiondirect-drivenchillers,fullfrequencyconversionairconditioningwaterpumps,andpermanentmagnetdirect-drivecoolingtowers.Atthesametime,458airtreatmentunitsinthewholelineareallequippedwithECfans.(VIII)Forgetalentsinanall-roundwaytopromotethehigh-qualitydevelopmentoftheCompanyIn2022,theCompanythoroughlyimplementedtheguidelinesforindependenttrainingoftalents,continuouslypromotedthereformandconstructionoftalentteam,comprehensivelypromotedthesystematicprojectoftalenttraining,strengthenedthetrainingofapplication-orientedskills,andacceleratedtheestablishmentofcompetitiveadvantagesintalentresources.
1.Promotetalenttraininginalldirections,andstrengthenthetrainingoftalentswithapplication-orientedskillsOntheonehand,theCompanytookthe"MillionsofTalentsStrengtheningEnterprisesProject"asthecore,focusedonthegoaloftraining"10,000technicians,1,000engineersand100expertleaders",promotedtheformationofa2+2(theory+practice,skill+awareness)trainingmodeforindustrialworkers,creativelyputforwardthe"three-threesystem"and"onetalentandonestandby"skillstrainingmethods,andactivelyadaptedtotheautomationandintelligenttransformationofproductionmode.Ontheotherhand,relyingon17innovationstudiosformodelworkersandcraftsmenand9skillmasterstudios,theCompanyestablishedtrainingbasesforindustrialworkers,carriedoutregularskillstraining,deepenedthecollaborativetrainingmechanismforhigh-skilledtalents,andcontinuouslyoptimizedthetrainingpathforemployees.In2022,about14,000specialtrainingswereconductedatalllevelsthroughouttheyear,involvingabout670,000participants.Besides,theCompanybuiltaplatformforlearning,trainingandcompetition,amulti-levelskillcompetitionechelon,andaprogressivevocationalskillcompetitionmechanism.Bypromotinglearning,training,andelectingtalentsbycompetition,Greediscoveredelitesandtechnicalexpertssuccessfully.
2.Deepenthepathofintegrationofproductionandeducationtotrainhigh-skilledtalentsDuringthereportperiod,theCompanycarriedouttalenttraininginthreemajors(precisionmoldintelligentmanufacturing,intelligentmanufacturingtechnologies,refrigerationtechnologiesandservices)innationalandmunicipalhigh-skilledtalenttrainingbases,broadenedthechannelsandformsofskilltraining,andbuiltacollaborativemodefortrainingnewhigh-skilledtalents.Withitsachievementsinvocationaleducation,itbecameoneandonlyenterprisethatwontheSeventhHuangYanpeiVocationalEducationAward,theonlynationalawardinthefieldofvocationaleducation.TheCompanywillspeeduptheimplementationofsmartcampusconstructionandmakefulluseofitsownR&Dcenters,laboratories,innovationplatformsandproductionbasestoachievedeepintegrationandseamlesstransformationofteachingscenarios.RelyingonGree'scharacteristiccultureandindustrialclusteradvantages,andrespondingtothemajornationaldevelopmentstrategyandGreaterBayArea'stalentdemand,theCompanywillconnectwithstrategicemergingindustriessuchasintelligentequipment,artificialintelligenceandInternetofThings,buildaChineseenterpriseschool-runningbrandwithdeepintegrationofproductionandeducationandinternationalcharacteristics,andstrivetotrainmorenewhigh-qualityskilledtalentsforthedevelopmentoftherealeconomy.
3.CarryoutdiversifiedtrainingmodestobuildanefficienttalentteamDuringthereportperiod,theCompanystrengthenedleaders'all-roundabilities,andcontinuedtobuildaleaderteamwithwell-formedstructureandhighefficiency.Greebuiltaprecisetalentinventoryandintroductionmechanismbasedonprojectplanning,adoptedtherecruitmentstrategyfeaturingprojectactuation,stratifiedplanninganddetailedrecruitment,started
autumnrecruitmentinadvance,anddeterminedkeyscarcetalentsasearlyaspossible.Itfurtherdeepenedtheuniversity-enterprisecooperation,introducedtalentsinvocationalschools,continuedtopromotethe"GreeClass",andfocusedonoutstandingtalentsinadvance.
4.ImprovetalentincentivemechanismtomaximizethevalueoftalentsOntheonehand,theCompanyimproveditsinternalmanagementmechanism,stimulatedthecoredrivingforceofemployees,promotedthehigh-qualitylong-termdevelopment,andfurtherenhanceditsintrinsicvalues.Itsetupscientificandtechnologicalprogressaward,managementinnovationaward,rationalizationproposalaward,quarterlyaward,year-endbonusanddiversifiedbonussystem,andcreatedhonoraryselectionactivitiessuchasadvancedindividuals,pioneerworkers,goldmedalemployees,outstandingcityemployees,andskillpacesetters,etc.,toencourageemployeesinallpositionstoinnovateandgivefullplaytotheirstrengthsinvariousways.TheCompanyalsoinvestedhundredsofmillionsofyuantobuildGreeKangleResidentialAreaandstafflivingareastosolveproblemsofstaffhousing,leisureandentertainment.Itestablishedaperfectemployeewelfaresecuritysystemanda"SunshineFund",whichmettheurgentneedsofemployeesindifficulty.Ontheotherhand,theCompanymadefulluseofpolicyresourcestocompletetheevaluationandrewardapplicationssuchasHigh-levelTalentsinZhuhai,ZhuhaiCraftsmen,IndustrialDevelopmentandInnovationTalents.
5.Implementemployeestockownershipplantopromotelong-term,stable,andhealthydevelopmentTheCompanylaunchedtheshareholderreturnplanforthenextthreeyears(2022?2024)andthesecondemployeestockownershipplan,furtherimprovingthebenefitsharingandriskbearingmechanismamongshareholders,managementlayer,middle-levelleadersandcoreemployees.Itfullymobilizedtheenthusiasmandcreativityofemployees,andboostedthecohesionofemployeesandthecompetitivenessoftheCompany,promotingthelong-term,stableandhealthydevelopmentoftheCompany.
2.Revenueandcost
(1)Compositionofoperatingrevenue
Unit:yuan(RMB)
Item
| Item | 2022 | 2021 | Year-on-yearIncrease/Decrease | ||
| Amount | ProportiontoOperatingRevenue | Amount | ProportiontoOperatingRevenue | ||
| Totaloperatingrevenue | 188,988,382,706.68 | 100% | 187,868,874,892.71 | 100% | 0.60% |
| Byindustries | |||||
| Manufacturingindustry | 153,165,839,566.10 | 81.05% | 144,840,537,601.90 | 77.10% | 5.75% |
| Otherbusiness | 35,822,543,140.58 | 18.95% | 43,028,337,290.81 | 22.90% | -16.75% |
| Byproducts | |||||
| Airconditioner | 134,859,394,542.06 | 71.36% | 131,712,664,218.81 | 70.11% | 2.39% |
| Homeappliance | 4,567,901,238.21 | 2.42% | 4,881,607,693.72 | 2.60% | -6.43% |
| Industrialproduct | 7,599,259,996.39 | 4.02% | 3,194,552,084.04 | 1.70% | 137.88% |
| Smartdevice | 432,085,871.36 | 0.23% | 857,741,120.95 | 0.46% | -49.63% |
| Greenenergy | 4,701,188,530.73 | 2.49% | 2,907,445,769.91 | 1.55% | 61.69% |
| Othermainbusiness | 1,006,009,387.35 | 0.53% | 1,286,526,714.47 | 0.68% | -21.80% |
| Otherbusiness | 35,822,543,140.58 | 18.95% | 43,028,337,290.81 | 22.90% | -16.75% |
| Byregions | |||||
| Domesticsales?mainbusiness | 129,895,113,805.01 | 68.74% | 122,305,111,567.10 | 65.10% | 6.21% |
| Exportsales?mainbusiness | 23,270,725,761.09 | 12.31% | 22,535,426,034.80 | 12.00% | 3.26% |
| Otherbusiness | 35,822,543,140.58 | 18.95% | 43,028,337,290.81 | 22.90% | -16.75% |
(2)Industries,products,regionsandsalesmodelsthataccountformorethan10%oftheCompany'soperatingrevenueoroperatingprofits?Applicable□Notapplicable
Unit:yuan(RMB)
Item
| Item | OperatingRevenue | OperatingCost | GrossMargin | IncreaseorDecreaseinOperatingRevenueovertheSamePeriodofthePreviousYear | IncreaseorDecreaseinOperatingCostovertheSamePeriodofthePreviousYear | IncreaseorDecreaseinGrossMarginovertheSamePeriodofthePreviousYear |
| Byindustries | ||||||
| Manufacturingindustry | 153,165,839,566.10 | 105,573,859,862.27 | 31.07% | 5.75% | 4.51% | 0.82% |
| Otherbusiness | 35,822,543,140.58 | 34,210,528,020.51 | 4.50% | -16.75% | -17.03% | 0.32% |
| Byproducts | ||||||
| Airconditioner | 134,859,394,542.06 | 91,116,284,416.91 | 32.44% | 2.39% | 0.60% | 1.21% |
| Otherbusiness | 35,822,543,140.58 | 34,210,528,020.51 | 4.50% | -16.75% | -17.03% | 0.32% |
| Byregions | ||||||
| Domesticsales?mainbusiness | 129,895,113,805.01 | 85,650,631,599.13 | 34.06% | 6.21% | 6.13% | 0.05% |
| Exportsales?mainbusiness | 23,270,725,761.09 | 19,923,228,263.14 | 14.39% | 3.26% | -1.94% | 4.55% |
| Otherbusiness | 35,822,543,140.58 | 34,210,528,020.51 | 4.50% | -16.75% | -17.03% | 0.32% |
IncasethestatisticalcaliberoftheCompany'smainbusinessdataisadjustedduringthereportperiod,theCompany'smainbusinessdatawillbeadjustedaccordingtothecaliberattheendofthereportperiodinthelastyear.
□Applicable?NotApplicable
(3)WhethertheCompany'srevenuefromphysicalsalesisgreaterthanthatfromlaborservices?Yes□NoDescriptionofayear-on-yearchangeof30%ormoreinrelevantdata
□Applicable?NotApplicable
(4)PerformanceofsignificantsalescontractsandpurchasecontractsenteredintobytheCompanyasofthereportperiod
□Applicable?NotApplicable
(5)CompositionofoperatingcostsIndustryandproductclassification
Unit:yuan(RMB)
| IndustryClassification | Item | 2022 | 2021 | Year-on-yearIncrease/Decrease | ||
| Amount | Proportionto | Amount | Proportionto | |||
Operating
Cost
| OperatingCost | OperatingCost | |||||
| Householdappliancemanufacturing | Rawmaterials | 89,062,003,824.55 | 88.01% | 86,226,905,186.28 | 88.27% | 3.29% |
| Laborcosts | 4,487,688,687.68 | 4.43% | 4,402,642,502.15 | 4.51% | 1.93% | |
| Depreciation | 1,963,862,221.35 | 1.94% | 1,734,054,331.37 | 1.78% | 13.25% | |
| Energy | 923,522,729.23 | 0.91% | 708,881,983.14 | 0.73% | 30.28% |
(6)Whethertherewasachangeinthecombinationscopeduringthereportperiod?Yes□No
1.BusinesscombinationnotundercommoncontrolBusinesscombinationnotundercommoncontrolinthecurrentperiod
Unit:yuan(RMB)
| NameoftheAcquiree | TimePointofEquityAcquisition | EquityAcquisitionCost | EquityAcquisitionProportion | EquityAcquisitionMethod | AcquisitionDate | BasisforDeterminingtheAcquisitionDate | OperatingRevenuefromtheAcquisitionDatetotheStatementDate | NetProfitsfromtheAcquisitionDatetotheStatementDate |
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | 2022/4/30 | 2,423,031,350.00 | 29.48% | Purchasebycash | 2022/4/30 | Acquisitionofcontrol | 7,124,335,200.38 | 719,774,347.64 |
2、Disposalofsubsidiaries
Unit:yuan(RMB)
Company
Name
| CompanyName | EquityDisposalPrice | EquityDisposalProportion(%) | EquityDisposalMethod | TimePointofLosingControl | BasisforDeterminingtheTimePointofLosingControl | TheDifferenceBetweentheDisposalPriceandtheShareoftheSubsidiaries'NetAssetsattheLevelofConsolidatedStatementsCorrespondingtotheDisposalInvestment | ProportionofRemainingEquityontheDateofLosingControl(%) | BookValueofRemainingEquityontheDateofLosingControl | FairValueofRemainingEquityontheDateofLosingControl | GainsorLossesArisingfromRemeasurementofRemainingEquityatFairValue | DeterminationMethodsandMainAssumptionsoftheFairValueoftheRemainingEquityontheDateofLosingControl | AmountofOtherComprehensiveIncomeRelatedtoEquityInvestmentoftheOriginalSubsidiaryTransferredintoInvestmentProfitsandLosses |
| ShanxiYinlongGuangtongNewEnergyVehicleSalesCo.,Ltd. | 100.00 | Cancelled | 2022/11/8 | Businessregistration | -317,466.94 | None | ||||||
| Songliang(Shenzhen)SouthChinaAgriculturalDevelopmentCo.,Ltd. | 100.00 | Cancelled | 2022/7/28 | Businessregistration | -165,104.22 | None |
3.ChangeofcombinationscopeforotherreasonsNewlyestablishedentityinthecurrentperiod
Unit:yuan(RMB)
CompanyName
| CompanyName | DateofEstablishment | NetAssetsattheEndofthePeriod | NetProfitfromtheCombinationDatetotheEndofthePeriod |
| PinquanGreeAltairnanoNewEnergyCo.,Ltd. | 2022/2/16 | 2,009,569.41 | -390,430.59 |
| Gree(Luoyang)MechanicalandElectricalEngineeringCo.,Ltd. | 2022/3/28 | 31,454,357.36 | 1,454,357.36 |
| Gree(Xinzhou)MechanicalandElectricalEngineeringCo.,Ltd. | 2022/6/20 | 20,701,097.80 | 20,701,097.80 |
| ZhuhaiGreeElectronicComponentsCo.,Ltd. | 2022/7/6 | 96,101,744.50 | -3,898,255.50 |
| MingruidaSupplyChainTechnology(Linyi)Co.,Ltd. | 2022/8/12 | -110.22 | -110.22 |
| TielingFengyuAgriculturalTechnologyCo.Ltd. | 2022/8/16 | 225,574.59 | 125,574.59 |
| TianjinGreeRenewableResourcesRecyclingCo.,Ltd. | 2022/10/27 | 10,019,500.43 | -499.57 |
| ZhuhaiGreePrefabricatedVegetableEquipmentTechnologyDevelopmentCo.,Ltd. | 2022/12/8 | ||
| ZhuhaiGreeDigitalTechnologyCo.,Ltd. | 2022/12/21 | 50,000,000.15 | 0.15 |
(7)SignificantchangesoradjustmentsintheCompany'sbusiness,productsorservicesduringthereportperiod
□Applicable?NotApplicable
(8)MainsalescustomersandsuppliersMainsalescustomersoftheCompany
| Totalsalesamountofthetopfivecustomers(RMB) | 30,349,647,586.13 |
| Proportionoftotalsalesamountoftopfivecustomerstothetotalannualsales | 15.96% |
| Proportionofsalesamountofrelatedpartiesinthesalesamountoftopfivecustomerstothetotalannualsales | 3.01% |
Informationoftopfivecustomers
| S/N | CustomerName | SalesAmount(RMB) | ProportiontoTotalAnnualSales |
| 1 | First | 8,529,824,320.45 | 4.49% |
| 2 | Second | 5,800,810,078.93 | 3.05% |
| 3 | Third | 5,731,889,146.80 | 3.01% |
| 4 | Fourth | 5,639,891,459.23 | 2.97% |
| 5 | Fifth | 4,647,232,580.72 | 2.44% |
| Total | -- | 30,349,647,586.13 | 15.96% |
Otherdescriptionofmajorcustomers
□Applicable?NotApplicableMainsuppliersoftheCompany
| Totalpurchaseamountofthetopfivesuppliers(RMB) | 31,758,159,599.30 |
Proportionoftotalpurchaseamountoftopfivecustomerstothetotalannualpurchases
| Proportionoftotalpurchaseamountoftopfivecustomerstothetotalannualpurchases | 24.43% |
| Proportionoftotalpurchaseamountofrelatedpartiesinthepurchaseamountoftopfivesupplierstothetotalannualpurchases | 0.00% |
Informationoftopfivesuppliers
| S/N | SupplierName | PurchaseAmount(RMB) | ProportiontoTotalAnnualPurchases |
| 1 | First | 13,063,455,368.06 | 10.05% |
| 2 | Second | 6,932,333,838.02 | 5.33% |
| 3 | Third | 4,865,274,173.26 | 3.74% |
| 4 | Fourth | 4,036,728,666.47 | 3.11% |
| 5 | Fifth | 2,860,367,553.49 | 2.20% |
| Total | -- | 31,758,159,599.30 | 24.43% |
Otherdescriptionofmajorsuppliers
□Applicable?NotApplicable
3.Expenses
Unit:yuan(RMB)
| Item | 2022 | 2021 | Year-on-yearIncrease/Decrease | SignificantChangesDescription |
| Salesexpenses | 11,285,451,112.27 | 11,581,735,617.31 | -2.56% | |
| Administrativeexpenses | 5,267,999,733.62 | 4,051,241,003.05 | 30.03% | Businesscombinationnotundercommoncontrol |
| Financialexpenses | -2,206,764,591.65 | -2,260,201,997.18 | -2.36% | |
| R&Dexpenses | 6,281,394,430.40 | 6,296,715,941.03 | -0.24% |
4.R&Dinvestment?Applicable□Notapplicable
| NameofMajorR&DProjects | ProjectPurpose | ProjectProgress | ObjectivestobeAchieved | ExpectedImpactontheFutureDevelopmentoftheCompany |
| Researchandapplicationofnewgenerationofdistributedair-supplyzerotemperature-differenceheating-and-coolingdistributiontechnology | GreeSupremefloorstandingairconditionerisdevelopedtosolvelargeverticaltemperaturedifferenceanddiscomfortcausedbybuoyancyofhotairwhentraditionalairconditionersstartheating,aswellasthelowheatutilizationefficiency,poor | Completedwithproductsavailableonthemarket | 1.Thisprojectadoptsthedesignofreversibleairductsthatthecoldairissuppliedfromtheupperrefrigerationoutlet,sothecoldairdoesnotblowpeople;andthatthehotairissuppliedfromthelowerheatingoutlet,sothehotairactlikeunderfloorheating, | GreeSupremefloorstandingairconditionerhasanumberofinternationalleadingtechnologies.Itslarge-scaleproductioncannotonlyupgradeappliedtechnologies,innovateindependentbrands,ensuretheoverallleadingofcoretechnologies,and |
temperatureregulation,highenergyconsumption,andlowenergysavingeffectinhumanactivityarea.
| temperatureregulation,highenergyconsumption,andlowenergysavingeffectinhumanactivityarea. | controllingtheverticaltemperaturedifferencebetweenrefrigerationandheatingroomswithin0.3°C.2.Whenheating,theheatisdirectlysenttothehumanactivityareaatthelowerpartoftheroom,whichgreatlyimprovesthetemperatureregulationeffect,reducestheenergylosscausedbyarisinghotair,andachievesenergysaving.Combinedwiththeoptimalconfigurationofthesystem,theannualperformancefactor(APF)oftheairconditionerreaches4.56,8.6%higherthanthe4.20stipulatedbythenewnationalstandardlevel1energyefficiencyrating(EER). | bringnewprofitgrowthtoenterprises,butalsodrivethedevelopmentofrelatedindustries,andleadtheairconditionersinthedirectionofhighefficiency,energysaving,environmentalprotection,healthandcomfort,whichisofgreatsignificanceforpromotingtechnologicalprogress,energysavingandemissionreduction,environmentalprotection,andsustainabledevelopment. | ||
| Keytechnologyandapplicationofnewcompleterefrigerationequipmentforheatinjurycontrolindeepmines | Thisprojectisdevelopedtoachieveefficientcoolinganddehumidification,improvetheworkingenvironment,reducetheconsumptionofproductionresourcessuchasfreshairandwater,andexpandtheoperationrangeandreliabilityofrefrigerationequipment. | Completedwithproductsavailableonthemarket | ThethermalcomfortlevelreachesGradeIIwithzerofreshairconsumption,andthewaterconsumptionisreducedbymorethan90%.ThecorepartsandcomponentssuchasClassIexplosion-proofsemi-closedscrewcompressorforminearedevelopedtoimprovethereliability. | Thisproject,byadoptingthecoretechnologyofmineexplosion-proofrefrigerationequipment,promotesthetechnologicalprogressoftheindustry,greatlyimprovesthemineworkingenvironment,realizesminers'pursuitofabetterlife,enhancestheminesafety,effectivelysolvestheproblemofdeepmineheatinjury,andprovidesscientificandtechnologicalsupportforthenationaldevelopmentstrategyofcoalresourcesandothermineralresources.InFebruary2023,thetechnologywasappraisedbyChinaMachineryIndustryFederationand |
AppraisalCommitteethatithadcompletelyindependentintellectualproperty,withitsoveralltechnologyreachingtheinternationalleadinglevel,amongwhichtheultra-highpressureClassIexplosion-proofsemi-closedscrewcompressorfilledtheindustrygap.
| AppraisalCommitteethatithadcompletelyindependentintellectualproperty,withitsoveralltechnologyreachingtheinternationalleadinglevel,amongwhichtheultra-highpressureClassIexplosion-proofsemi-closedscrewcompressorfilledtheindustrygap. | ||||
| Keytechnologyandapplicationofhigh-efficiencyheatpumpbasedonfloorheatstorage | Theheatpumpheatingcontrolsystemforthetraditionalbuildingcannotrecognizethethermalinertiaofthebuilding,whichleadstotimedifferencebetweentheheatsupplydemandinthebuilding,theunsteadyandunmatchedheatsupplytousers,largeroomtemperaturefluctuation,poorthermalcomfort,andhighenergyconsumption. | Completedwithproductsavailableonthemarket | 1.ThisprojectindependentlydevelopsGreealgorithmchips,furtherupgradestheintelligentpredictivecontroltechnologybasedonweatherdata,achievesadaptivepredictivecontrolbylinkingfutureweatherchangesandpeak-valleyelectricityprices,soastosupplyheatontimeandondemand;2.Thisproject,basedonthevirtualcapacitymodel,constructsaglobaloptimizationalgorithmofmulti-objectivefunctionstodrivethecooperativeactionofeachload,accuratelydistributeandadjustrefrigerant,andkeeptheunitsattheoptimaloperatingpointunderallworkingconditions;3.Itachievesmorethan20%energysavinginoperation. | Thistechnologyhasbeensuccessfullyappliedtoairsourceheatpumpfloorheatingsystem.Basedonthistechnology,ithasdevelopedthehigh-efficiencyheatpumpfloorheatingsystemincludingexternalunit,hotwatergenerator,floorheatingadapter.Meanwhile,severalseriesofcentralfloorheatingandairconditioningproductsincludingZunshu,JingxiangandYuxiang,havebeenformedtoprovideconsumerswithefficientheatingsolutions. |
| Developmentofcirculatingcoolingfan | Improvetheexistingcoolingfans,bettermeettheneedsofusers,andrealizeavailabilityacrosstheyear. | Completedwithproductsavailableonthemarket | 1.Thecirculatingcoolingfanadoptsthecompositetechnologyofcirculatingair,coolingandhumidificationtorealizethree-in-oneuseofaircirculation,physicalcooling,evaporationandhumidification; | Asahigh-endimageproduct,itcancontinuouslypromotethemarketpopularityandcompetitivenessofcoolingfansintheCompany. |
2.Itdevelopsnewsub-categoriesandmaintainsthefirstpositioninthecoolingfanindustry.
| 2.Itdevelopsnewsub-categoriesandmaintainsthefirstpositioninthecoolingfanindustry. | ||||
| Researchonhigh-endfabricwashingtechnologyandapplicationofheatpumpwasherdryer | Improvethedryingefficiencyandhigh-endfabricwashingeffect,andreduceclothingdamage | Completedwithproductsavailableonthemarket | 1.Thisprojectadoptscompressordirectcoolingandevaporatorsprayloadreductiontechnologies,improvingdryingefficiencyby30%;2.Itprovides37°Csomatosensorysoftdryingtoavoiddamaginghigh-endfabricssuchaswoolandsilk;3.Italsoprovidesfullrangeultra-microsteamcare,improvingperformancesuchassterilization,odorremoval,wrinkleremovalinanall-roundway. | Heatpumpcoretechnologyandhigh-endfabricwashingtechnologyarecombinedtocreatethebrandimageofprofessionalwashingandprotectionmachine. |
| Researchandapplicationof?38°Cultra-freezingfresh-keepingtechnology | Meetconsumers'demandforhigherqualitystorageandpreservationoffrozenfoodorhigh-endingredients. | Limited-runtrialproduction | Thisprojecteffectivelyavoidstheoxidationanddiscolorationofmeat,andbetterretainsitsoriginalsmellandcolor. | Improvethefresh-keepingtechnologyofrefrigerators,andenhancethemarketcompetitiveness. |
| Developmentandapplicationofhighspeedscrollcompressor | Developaseriesofhighenergyefficiencyscrollcompressorproducts. | Completedwithproductsavailableonthemarket | Itachievesleadingposition,andmeetstheAPFLevel1energyefficiencyofcommercialairconditionerswhileensuringhighcostperformance. | Itprovidescorepowerforthenewgenerationcommercialairconditioningsystem,andenhancesthemarketcompetitivenessoftheCompanyinrefrigeration. |
CompanyR&Dpersonnel
| 2022 | 2021 | ChangeRatio | |
| NumberofR&Dpersonnel(persons) | 12,977 | 14,233 | -8.82% |
| ProportionofnumberofR&Dpersonnel | 17.93% | 17.38% | 0.55% |
| EducationalstructureofR&Dpersonnel | |||
| Bachelor | 8,312 | 8,610 | -3.46% |
| Master | 1,263 | 1,449 | -12.84% |
| Doctor | 31 | 34 | -8.82% |
| AgecompositionofR&Dpersonnel | |||
Under30
| Under30 | 7,323 | 8,855 | -17.30% |
| 30?40 | 4,529 | 4,345 | 4.23% |
R&DinvestmentoftheCompany
| Item | 2022 | 2021 | ChangeRatio |
| AmountofR&Dinvestment(RMB) | 6,429,702,080.04 | 6,528,680,941.53 | -1.52% |
| ProportionofR&Dinvestmenttotheoperatingrevenue | 3.40% | 3.48% | -0.08% |
| CapitalizationamountofR&Dinvestment(RMB) | 148,307,649.64 | 231,965,000.50 | -36.06% |
| ProportionofcapitalizedR&DinvestmenttoR&Dinvestment | 2.31% | 3.55% | -1.24% |
ReasonsandinfluencesofsignificantchangesinthecompositionofR&DpersonnelintheCompany
□Applicable?NotApplicableReasonsforsignificantchangesintheproportionoftotalR&Dinvestmenttotheoperatingrevenuecomparedwiththepreviousyear
□Applicable?NotApplicableReasonsforsignificantchangesincapitalizationrateofR&Dinvestmentanditsreasonableness?Applicable□NotapplicableTheCompany'scapitalizedR&Dinvestmentdecreasedby36.06%year-on-year,mainlyduetothedecreaseincapitalizedinvestmentsuchasfixedassetsengagedinR&Dactivities.
5.Cashflow
Unit:yuan(RMB)
| Item | 2022 | 2021 | Year-on-yearIncrease/Decrease |
| Subtotalofcashinflowsfromoperatingactivities | 198,587,680,806.39 | 177,201,260,717.00 | 12.07% |
| Subtotalofcashoutflowsfromoperatingactivities | 169,919,244,885.12 | 175,306,897,458.28 | -3.07% |
| Netcashflowsfromoperatingactivities | 28,668,435,921.27 | 1,894,363,258.72 | 1,413.35% |
| Subtotalofcashinflowsfrominvestmentactivities | 10,527,205,021.13 | 55,391,360,332.62 | -80.99% |
| Subtotalofcashoutflowsfrominvestmentactivities | 47,584,037,812.54 | 25,639,376,773.27 | 85.59% |
| Netcashflowsfrominvestmentactivities | -37,056,832,791.41 | 29,751,983,559.35 | -224.55% |
| Subtotalofcashinflowsfromfinancingactivities | 102,978,746,831.03 | 89,991,092,450.05 | 14.43% |
| Subtotalofcashoutflowsfromfinancingactivities | 93,055,954,517.92 | 115,321,676,340.53 | -19.31% |
| Netcashflowsfromfinancingactivities | 9,922,792,313.11 | -25,330,583,890.48 | 139.17% |
Netincreaseincashandcashequivalents
| Netincreaseincashandcashequivalents | 1,802,912,937.61 | 5,726,694,119.85 | -68.52% |
Descriptionofthemainfactorsaffectingthesignificantyear-on-yearchangesinrelevantdata?Applicable□Notapplicable
1.Netcashflowsfromoperatingactivitiesincreasedby1,413.35%year-on-year,mainlyduetotheincreaseincashreceivedinconnectionwithsalesgoodsandlaborservices.
2.Netcashflowsfrominvestmentactivitiesdecreasedby224.55%year-on-year,mainlyduetothedecreaseinothercashreceivedinconnectionwithinvestmentactivities.
3.Netcashflowsfromfinancingactivitiesincreasedby139.17%year-on-year,mainlyduetotheincreaseincashreceivedinconnectionwithborrowingsandthedecreaseinothercashpaidinconnectionwithfinancingactivities.Reasonsforsignificantdifferencesbetweennetcashflowsfromoperatingactivitiesandnetprofitfortheyearduringthereportperiod
□Applicable?NotApplicable
V.Analysisofnon-mainbusiness
□Applicable?NotApplicable
VI.AnalysisofAssetsandLiabilities
1.Significantchangesinthecompositionofassets
Unit:yuan(RMB)
| Item | AttheEndof2022 | AttheBeginningof2022 | ProportionIncreaseorDecrease | SignificantChangesDescription | ||
| Amount | ProportiontoTotalAssets | Amount | ProportiontoTotalAssets | |||
| Monetaryfunds | 157,484,332,251.39 | 44.36% | 116,939,298,776.87 | 36.59% | 7.77% | |
| Accountsreceivable | 14,824,742,623.45 | 4.18% | 13,840,898,802.76 | 4.33% | -0.15% | |
| Contractassets | 1,047,739,817.94 | 0.30% | 1,151,228,472.63 | 0.36% | -0.06% | |
| Inventory | 38,314,176,763.90 | 10.79% | 42,765,598,328.01 | 13.38% | -2.59% | |
| Investmentrealestate | 634,689,201.98 | 0.18% | 454,854,822.63 | 0.14% | 0.04% | |
| Long-termequityinvestments | 5,892,290,568.81 | 1.66% | 10,337,008,014.57 | 3.23% | -1.57% | |
| Fixedassets | 33,817,019,391.36 | 9.53% | 31,188,726,142.99 | 9.76% | -0.23% | |
| Constructioninprogress | 5,966,678,892.16 | 1.68% | 6,481,236,333.38 | 2.03% | -0.35% | |
| Usufructassets | 207,344,779.05 | 0.06% | 14,603,282.99 | 0.00% | 0.06% | |
| Short-termborrowings | 52,895,851,287.92 | 14.90% | 27,617,920,548.11 | 8.64% | 6.26% | Themainreasonfortheincreaseinshort-term |
Overseasassetsaccountforarelativelyhighproportion.
□Applicable?NotApplicable
borrowingsinthisperiodistomeetthedailyproductionandoperationrequirementsoftheCompany.
| borrowingsinthisperiodistomeetthedailyproductionandoperationrequirementsoftheCompany. | ||||||
| Contractliabilities | 14,972,336,715.45 | 4.22% | 15,505,499,178.75 | 4.85% | -0.63% | |
| Long-termborrowings | 30,784,241,211.21 | 8.67% | 8,960,864,258.30 | 2.80% | 5.87% | Themainreasonfortheincreaseinlong-termborrowingsinthisperiodistomeettheconstructionfunddemandoflong-termassetssuchasfixedassets. |
| Leaseliabilities | 146,836,620.66 | 0.04% | 3,313,452.52 | 0.00% | 0.04% |
2.Assetsandliabilitiesmeasuredatfairvalue?Applicable□Notapplicable
Unit:yuan(RMB)
Item
| Item | BeginningAmount | ProfitsandLossesFromChangesinFairValueintheCurrentPeriod | CumulativeFairValueChangesIncludedinEquity | ImpairmentAccruedintheCurrentPeriod | PurchaseAmountintheCurrentPeriod | SalesAmountintheCurrentPeriod | OtherChanges | EndingAmount |
| Financialassets | ||||||||
| 1.Tradingfinancialassets(excludingderivativefinancialassets) | 35,084,363.52 | 7,384,218,000.00 | 3,569,739,000.00 | 17,640,000.00 | 3,867,203,363.52 | |||
| 2.Derivativefinancialassets | 198,773,198.65 | -210,212,858.47 | 11,439,659.82 | |||||
| 3.Otherdebtinvestments | 5,910,056,891.62 | -18,341,537.07 | -4,334,981.20 | 11,712,655,138.75 | 350,000,000.00 | -2,914,021,610.33 | 14,340,348,882.97 | |
| 4.Otherequityinstrumentinvestments | 10,114,246,030.05 | -5,471,380,691.11 | -142,505,615.03 | 36,115,153.83 | 62,705,612.79 | 4,669,455,797.90 | ||
| 5.Receivablesfinancing | 25,612,056,693.07 | 71,122,180.43 | -11,514,065.48 | -12,440,164.58 | 1,754,110,341.75 | 990,021,129.95 | 28,427,310,345.20 | |
| 6.Othernon-currentfinancialassets | 81,309,327.39 | 24,503,877.10 | 4,322,190,000.00 | 4,428,003,204.49 | ||||
| 7.Others | 12,376,325,374.41 | -42,116,395.72 | 1,260,250.00 | 12,160,000,000.00 | 3,103,897,824.05 | 3,278,106,802.74 | ||
| Subtotaloffinancialassets | 54,292,767,515.19 | -5,611,341,061.32 | -157,094,411.71 | -12,440,164.58 | 25,173,173,480.50 | 16,115,854,153.83 | 1,271,682,616.28 | 59,010,428,396.82 |
| Totalabove | 54,292,767,515.19 | -5,611,341,061.32 | -157,094,411.71 | -12,440,164.58 | 25,173,173,480.50 | 16,115,854,153.83 | 1,271,682,616.28 | 59,010,428,396.82 |
Financialliabilities
| Financialliabilities | -179,278,964.79 | 5,532,930.19 | 184,811,894.98 |
OtherchangesOtherchangesaremainlyduetotheimpactofbusinesscombinationnotundercommoncontrol,reclassificationofstatementitems,conversiondifferencesinforeigncurrencystatements,andinterestincome.WhethertherewasanysignificantchangeinthemeasurementattributesoftheCompany'smajorassetsduringthereportperiod
□Yes?No
、Restrictedrightstoassetsattheendofthereportperiod
Unit:yuan(RMB)
Item
| Item | BookValueattheEndofthePeriod | RestrictedReason |
| Monetaryfunds | 49,215,097,504.03 | Requireddepositreserve,earnestmoney,etc. |
| Accountsreceivable | 239,378,920.65 | Pledged |
| Receivablesfinancing | 12,304,327,541.08 | Pledged |
| Non-currentassetsduewithinoneyear | 3,022,847,488.96 | Pledged |
| Otherdebtinvestments | 5,700,000,000.00 | Pledged |
| Otherequityinstrumentinvestments | 1,965,635,734.92 | Restrictedshares |
| Long-termequityinvestments | 293,539,194.32 | Pledged |
| Fixedassets | 976,001,655.74 | Pledged |
| Intangibleassets | 1,063,362,713.41 | Pledged |
| Others | 192,982,228.53 | Pledged |
| Total | 74,973,172,981.64 |
VII.Analysisofinvestments
1.Overview?Applicable□Notapplicable
InvestmentintheReportPeriod(RMB)
| InvestmentintheReportPeriod(RMB) | InvestmentintheSamePeriodofLastYear(RMB) | ChangeRange |
| 13,467,910,481.50 | 18,154,432,702.74 | -25.81% |
2.Significantequityinvestmentsobtainedduringthereportperiod?Applicable□Notapplicable
Unit:yuan(RMB)
| NameofInvestee | MainBusiness | InvestmentManner | InvestmentAmount | ShareholdingProportion | CapitalSource | Partner | InvestmentHorizon | ProductType | ProgressasoftheBalanceSheetDate | ProjectedIncome | ProfitandLossonInvestmentsfortheCurrentPeriod | WhetherItIsInvolvedinALawsuit | DisclosureDate(ifany) | DisclosureIndex(ifany) |
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | Partsmanufacturingandintelligentequipment | Acquisition | 2,423,031,350.00 | 29.48% | Ownfunds | None | Longterm | Refrigerationvalves,heatexchangers,pressurevessels,specialairconditioners,andcoldchainequipment | Completed | -- | 212,824,968.59 | No | April2,2022 | GreeElectricAppliances:Announcementontheprogressofforeigninvestment(2022-034) |
| Total | -- | -- | 2,423,031,350.00 | -- | -- | -- | -- | -- | -- | -- | 212,824,968.59 | -- | -- | -- |
3.Significantnon-equityinvestmentsinprogressduringthereportperiod
□Applicable?NotApplicable
4.Financialassetsinvestments
(1)Securitiesinvestments?Applicable□Notapplicable
Unit:yuan(RMB)
Securitie
sType
| SecuritiesType | SecuritiesCode | SecuritiesAbbreviation | InitialInvestmentCost | AccountingMeasurementModel | BookValueattheBeginningofthePeriod | ProfitsandLossesFromChangesinFairValueintheCurrentPeriod | CumulativeFairValueChangesIncludedinEquity | PurchaseAmountintheCurrentPeriod | SalesAmountintheCurrentPeriod | ProfitsandLossesDuringtheReportPeriod | BookValueattheEndofthePeriod | AccountingItems | CapitalSource |
| Others | - | RonghuiSingleAssetManagementPlan | 4,374,190,000.00 | Measuredatfairvalue | 81,309,327.39 | 22,976,350.05 | 4,353,190,000.00 | 60,000,000.00 | 24,188,128.13 | 4,397,475,677.44 | Tradingfinancialassets | Ownfunds | |
| Stockslistedondomesticandoverseasstockexchanges | 600745 | WINGTECH | 884,999,996.60 | Measuredatfairvalue | 4,636,568,053.50 | -2,751,102,096.40 | 1,000,465,960.50 | 7,308,063.18 | 1,885,465,957.10 | Otherequityinstrumentinvestments | Ownfunds | ||
| Stockslistedondomesticandoverseasstockexchanges | 600703 | San'anOptoelectronics | 2,000,000,000.00 | Measuredatfairvalue | 4,302,405,489.72 | -2,336,769,754.80 | -34,364,265.08 | 11,454,753.70 | 1,965,635,734.92 | Otherequityinstrumentinvestments | Ownfunds | ||
| Others | - | Structured | 700,000,000.00 | Measured | 2,522,948.29 | 700,000,000.00 | 2,522,948.2 | 702,522,948.29 | Trading | Own |
depositsundermacrocompositeindex
| depositsundermacrocompositeindex | atfairvalue | 9 | financialassets | funds | |||||||||
| Stockslistedondomesticandoverseasstockexchanges | 600619 | Highly | 1,144,957,085.72 | Measuredatfairvalue | 755,079,703.46 | -236,320,941.49 | -622,751,369.10 | 14,421,390.05 | 522,205,716.62 | Otherequityinstrumentinvestments | Ownfunds | ||
| Others | - | AnxinLixiangAssetManagementPlan | 500,000,000.00 | Measuredatfairvalue | 153,496.56 | 500,000,000.00 | 153,496.56 | 500,153,496.56 | Tradingfinancialassets | Ownfunds | |||
| Bonds | 160017 | 16coupon-bearingbond17 | 288,405,500.00 | Measuredatfairvalue | 304,947,682.20 | 1,053,812.46 | 8,502,797.87 | 10,511,100.00 | 307,238,782.20 | Otherdebtinvestments | Ownfunds | ||
| Bonds | 200408 | 20Nongfa08 | 199,203,000.00 | Measuredatfairvalue | 206,912,210.97 | -455,234.54 | 5,163,144.86 | 6,600,400.00 | 206,612,610.97 | Otherdebtinvestments | Ownfunds | ||
| Bonds | - | 22HuafaGroupMTN006 | 180,000,000.00 | Measuredatfairvalue | -6,371,280.00 | -6,371,280.00 | 180,000,000.00 | -1,193,197.82 | 178,827,514.51 | Otherdebtinvestments | Ownfunds | ||
| Bonds | - | 22HuafaGroupMTN009B | 180,000,000.00 | Measuredatfairvalue | 0.00 | -7,647,120.00 | -7,647,120.00 | 180,000,000.00 | -3,820,270.69 | 176,199,455.33 | Otherdebtinvestments | Ownfunds | |
| Othersecuritiesinvestmentsheldattheendoftheperiod | 1,051,550,136.79 | -- | 628,924,504.04 | -147,873,240.13 | -489,838,465.28 | 197,640,000.00 | 166,115,153.83 | 19,602,206.49 | 569,747,538.97 | -- | -- | ||
| Total | 11,503,305,719.11 | -- | 10,916,146,971.28 | -5,459,833,060.00 | -146,840,596.23 | 6,110,830,000.00 | 226,115,153.83 | 91,749,017.89 | 11,412,085,432.91 | -- | -- | ||
| Announcementdisclosuredateofboard'smeetingforapprovalofsecuritiesinvestment | April30,2022 | ||||||||||||
Announcementdisclosuredateofshareholders'meetingforapprovalofsecuritiesinvestment(ifany)
| Announcementdisclosuredateofshareholders'meetingforapprovalofsecuritiesinvestment(ifany) | June8,2022 |
(2)Derivativeinvestments?Applicable□Notapplicable
1)Derivativeinvestmentforspeculativepurposesduringthereportperiod?Applicable□Notapplicable
Unit:10,000yuan
| DerivativesInvestmentsType | InitialInvestmentAmount | ProfitsandLossesFromChangesinFairValueintheCurrentPeriod | CumulativeFairValueChangesIncludedinEquity | PurchaseAmountDuringtheReportPeriod | SalesAmountDuringtheReportPeriod | InvestmentAmountattheEndofthePeriod | ProportionoftheInvestmentAmountattheEndofthePeriodtoNetAssetsattheEndoftheReportPeriod |
| Futureshedgingcontracts | 4,393.05 | -4,166.17 | 126.99 | 219.02 | 0.00% | ||
| Forwardfinancialcontracts | 19,877.32 | -38,949.18 | -18,481.19 | -0.19% | |||
| Total | 24,270.37 | -43,115.35 | 126.99 | -18,262.17 | -0.19% | ||
| Descriptionofwhethertherewasanysignificantchangeintheaccountingpoliciesforhedgingbusinessandspecificprinciplesforfinancialaccountingduringthereportperiodascompared | Nochange | ||||||
tothepreviousreportperiod
| tothepreviousreportperiod | |
| Statementofactualprofitsandlossesduringthereportperiod | TheactualprofitsandlossesoffutureshedgingcontractsduringthereportperiodwasRMB56,842,600,andthatofforwardfinancialcontractsduringthereportperiodwasRMB5,308,200. |
| Descriptionofthehedgingeffect | - |
| Capitalsourceofderivativeinvestments | Ownfunds |
| Riskanalysisanddescriptionofcontrolmeasuresforderivativepositionsduringthereportperiod(includingbutnotlimitedtomarketrisks,liquidityrisks,creditrisks,operationalrisks,legalrisks,etc.) | 1.Legalrisks:TheCompanyneedstoabidebylawsandregulationstocarryouthedgingandforeignexchangefundtradingbusiness,andclearlystipulatetherightsandobligationsbetweentheCompanyanditsagencies.Controlmeasures:Inadditiontostudyinglaws,regulationsandmarketrules,thedesignatedresponsibledepartmentsoftheCompanyshallstrictlyreviewcontracts,clarifyrightsandobligations,andstrengthencomplianceinspectiontoensurethattheCompany'sderivativeinvestmentsandpositionmeettherequirementsoflaws,regulations,andtheCompany'sinternalmanagementsystem.2.Operationalrisks:Riskscausedbyimperfectinternalprocesses,staffoperations,systems,etc.Controlmeasures:TheCompanyhasformulatedcorrespondingmanagementsystemsthatclarifiedthedivisionofresponsibilitiesandapprovalprocessofhedgingandforeignexchangefundtradingbusiness,andarelativelyperfectsupervisionmechanismtoeffectivelyreduceoperationalrisksthroughriskcontrolofbusiness,decision-making,andtradingprocesses.3.Marketrisks:Theuncertaintyofcommoditypricechangesandexchangeratefluctuationsintheforeignexchangemarketleadstogreatermarketrisksinfuturesbusinessandforeignexchangefundtradingbusiness.Controlmeasures:TheCompany'sfutureshedgingbusinessandforeignexchangefundtradingbusinessshallnotengageinspeculativetransactionsbyadheringtotheprincipleofprudentandsteadyoperation.Forhedgingbusiness,itisstrictlystipulatedthatthenumberofhedgingshallnotexceedtheactualnumberofspottransactions,andthefuturespositionsshallnotexceedthespotamountofhedging,andastoplossmechanismshallbeadopted.Withregardtoforeignexchangefundbusiness,theCompanyeffectivelypreventsmarketrisksbyevaluatingandjudgingthetrendofforeignexchangerate,anddeterminingtheforeignexchangesettlementratethroughcontracts. |
| Changesinthemarketpriceorfairvalueoftheproductduringthereportperiodoftheinvestedderivatives,withtheanalysisofthefairvalueofthederivativesdisclosingthespecificmethodologyused | Duringthereportperiod,thelossfromchangesinfairvalueofderivativeswasRMB431,153,500. |
andthesettingofrelevantassumptionsandparameters
| andthesettingofrelevantassumptionsandparameters | |
| Involvementinlawsuits(ifapplicable) | Notapplicable |
| Announcementdisclosuredateofboard'smeetingforapprovalofderivativeinvestment(ifany) | April30,2022 |
| Announcementdisclosuredateofshareholder'smeetingforapprovalofderivativeinvestment(ifany) | June8,2022 |
| SpecialopinionsofindependentdirectorsontheCompany'sderivativeInvestmentsandriskcontrol | TheindependentdirectorsoftheCompanyareoftheviewthat:TheCompany'shedgingbusinessoffuturesonbulkmaterialsisconducivetodeterminingproductioncostsandoperationalrisks,andimprovingoperationmanagement.Throughforeignexchangederivativestradingbusiness,itishelpfulinfurtherenhancingtheCompany'sriskmanagementcapabilityonforeignexchange,andrealizingthevaluepreservationandappreciationofforeignexchangeassets.TheCompanyhasestablishedacorrespondingcontrolsystemfortherelevantbusinessunderlegalandcompliantapprovalandimplementation,andwithcontrollablerisks,whichisintheinterestsoftheCompanyandallshareholders. |
2)Derivativeinvestmentforspeculativepurposesduringthereportperiod
□Applicable?NotApplicableTheCompanyhasnoderivativeinvestmentforspeculativepurposesduringthereportperiod.
5.Useofplacements
□Applicable?NotApplicable
TheCompanyhasnouseofplacementsduringthereportperiod.
VIII.Significantassetsandequitysales
1.Significantassetssales
□Applicable?NotApplicableTheCompanydidnotsellanysignificantassetsduringthereportperiod.
2.Significantequitysales
□Applicable?NotApplicable
IX.Analysisofmainholdingandjoint-stockcompanies
?Applicable□NotapplicableMainsubsidiariesandjoint-stockcompaniesaffecting10%ormoreoftheCompany'snetprofits
Unit:yuan(RMB)
CompanyName
| CompanyName | CompanyType | MainBusiness | RegisteredCapital | TotalAssets | NetAssets | Operatingrevenue | OperatingProfits | NetProfits |
| ZhuhaiGreeGroupFinanceCompanyLimited | Subsidiary | Financialservice | 3,000,000,000.00 | 49,339,588,860.24 | 6,664,115,585.64 | 1,359,499,663.03 | 422,447,693.72 | 319,949,791.42 |
| ZhuhaiGreeElectricEnterprisesLtd. | Subsidiary | Enameledwiremanufacturing | 1,669,315,586.15 | 9,183,159,046.07 | 3,125,266,311.22 | 39,789,117,854.96 | 81,081,620.09 | 54,123,316.36 |
| Gree(Hefei)ElectricAppliances | Subsidiary | Airconditionermanufacturing | 150,000,000.00 | 12,412,922,987.16 | 5,472,943,087.83 | 9,564,855,864.88 | 770,100,866.70 | 656,926,901.37 |
Co.,Ltd.
| Co.,Ltd. | ||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Subsidiary | Compressormanufacturing | 93,030,000.00 | 12,995,366,982.46 | 8,229,998,878.75 | 11,190,976,117.66 | 784,724,473.71 | 652,899,965.09 |
| ZhuhaiGreeXinyuanElectronicsCo.,Ltd. | Subsidiary | Capacitormanufacturing | 126,180,000.00 | 3,150,476,333.47 | 981,190,598.08 | 2,062,793,713.69 | 233,221,074.05 | 198,574,843.11 |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Subsidiary | Motormanufacturing | 82,000,000.00 | 4,111,604,337.19 | 1,177,957,534.32 | 2,918,165,247.55 | 7,666,401.39 | 12,003,006.53 |
| Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | Subsidiary | Smallhouseholdappliancemanufacturing | 30,000,000.00 | 1,164,862,862.73 | 590,934,577.07 | 981,856,410.03 | 37,393,554.61 | 33,798,384.65 |
Informationaboutacquisitionanddisposalofsubsidiariesduringthereportperiod?Applicable□Notapplicable
Unit:yuan(RMB)
| CompanyName | MethodsofAcquisitionandDisposalofSubsidiariesDuringtheReportPeriod | ImpactonOverallProduction,OperationandPerformance |
| ZhuhaiGreeElectronicComponentsCo.,Ltd. | New | -3,898,255.50 |
| ZhuhaiGreeDigitalTechnologyCo.,Ltd. | New | 0.15 |
| PinquanGreeAltairnanoNewEnergyCo.,Ltd. | New | -390,430.59 |
| Gree(Luoyang)ElectromechanicalEngineeringCo.,Ltd. | New | 1,454,357.36 |
| Gree(Xinzhou)ElectromechanicalEngineeringCo.,Ltd. | New | 20,701,097.80 |
| Mingruida(Linyi)SupplyChainTechnologyCo.,Ltd. | New | -110.22 |
| TielingFengyuAgriculturalTechnologyCo.Ltd. | New | 125,574.59 |
| TianjinGreeRenewableResourcesRecyclingCo.,Ltd. | New | -499.57 |
| ZhuhaiGreePrefabricatedVegetableEquipmentTechnologyDevelopmentCo.,Ltd. | New | |
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | Acquisition | 719,774,347.64 |
| ShanxiYinlongGuangtongNewEnergyVehicleSalesCo., | Cancelled | -73,939.58 |
Ltd.
| Ltd. | ||
| Songliang(Shenzhen)SouthChinaAgriculturalDevelopmentCo.,Ltd. | Cancelled | -107,571.37 |
DescriptionofmajorholdingandparticipatingcompaniesNone
X.StructuredentitiescontrolledbytheCompany
□Applicable?NotApplicable
XI.ProspectsforthefuturedevelopmentoftheCompany(I)DevelopmentstrategiesoftheCompanyAdheringtothevisionof"ToCreateaWorld-classEnterpriseandAchieveaCentury-oldBrandofGree",GreeinsistsonXiJinpingThoughtsonSocialismwithChineseCharacteristicsforaNewEraastheguidance,remainstruetooriginalaspirationandkeepsmissionfirmlyinmind,stickstotherealeconomy,adheretotheroadofself-relianceandindependentinnovationanddevelopment,speedsuptheimplementationofmanagementinformatization,productionautomationandproductintelligence,continuouslystrivesinthefieldsofintelligentequipment,communicationequipmentandmolds,andcontinuestoleadthetechnologicaldevelopmentofglobalHVACindustry,constantlymeetingtheaspirationsofglobalconsumersforabetterlife.(II)2023businessplan
1.Becommittedtohigh-qualitypartybuildingandpromotetheCompany'scontinuousinnovationanddevelopmentGreewillinsistonXiJinping’sThoughtsonSocialismwithChineseCharacteristicsforaNewEraastheguidance,fullyimplementthespiritofthe20thNationalCongressoftheCommunistPartyofChina,strengthentheconstructionofpartyorganizationsandpartymembers,anddeeplyintegratepartybuildingwithGree'sdevelopment;bypromotingthestandardizationandnormalizationofpartyorganizations,fullyleveragetheexemplaryroleofpartymembers,activelyexplorenewmodesoftalentcultivation,andpromotecontinuousinnovationanddevelopmentoftheCompanywithhigh-qualitypartybuildingwork.
2.Improvethemulti-dimensionalbusinesspatternandcreatenewgrowthenginesGreewillfollowcloselythenationalstrategicdemands,andbecloselyconnectedtotheindustrialecologybasedonitsownadvantages;keepitsmainbusinessandfocusondiversifieddevelopmentofindustrialproducts,intelligentequipment,homeappliances,andnewenergy,andpromotethegradualformationofnumerousproductsfromGree,Kinghome,andTOSOTbrandssuchasheatpumpwaterheatersandhigh-endequipment,continuouslyenteringandmakingbreakthroughinthemarket;andestablishgoodcooperationrelationshipswithmorethan190countriesandregionsdominatedbythecountriescoveredby"theBeltandRoadInitiative"toachievejointprogress,mutualbenefitandwin-winresults.
3.Adheretoindependentinnovation,strengthencoreindustryadvantages,andpromotehigh-qualitydevelopmentGreewillcontinuetoconductin-depthtechnicalresearch,withkeycoretechnologiesasitsmainfocus,adheretooriginalandleadingtechnologicalbreakthroughs,continuouslyimproveaprofessionalglobalcertifiedtechnicalteamandadvancedexperimentalfacilities,achievetechnologicaliterationandupgrading,developmoreefficientandenergy-savingsystemsolutionsandequipment,thusensuringtheautonomyandcontrollabilityofkeytechnologiesinproducts,andconsolidatingGree'sadvantageouspositionasanindustryleader;fullyleveragetechnologicalinnovationcapabilities,provideassistancethroughouttheentirelifecyclefromR&D,design,andresearchtomarketingandservice,optimizeproductlifecycle,andpromotehigh-qualitydevelopmentthroughtechnologicalinnovation.
4.ContinuouslyconsolidateproductqualityandestablishindustryqualitymanagementbenchmarksGuidedbyconsumerdemandandbasedonconsumersatisfaction,Greewillpursueperfectquality,continuouslyoptimizethequalitymanagementsystem,buildadigitalandintelligentqualitycontrolmode,establishanautomaticinspectionandtestingsystemtoimproveinspectioncapabilitiesandpromoteproductqualityandefficiencywithadvancedstandards;buildafirst-classlaboratorytoprovideleadingtestingcapabilitiesandrichservicesfortheinnovativedevelopmentandlarge-scaleapplicationofhigh-qualityproductsintheindustry.
5.Accelerateindustrialtransformationandupgrading,anddeepentheintegrationofdigitaltechnologyandindustryGreewillstrengthenthetop-levelplanningofthegroup'sinformatizationandbuildafullscenedigitalapplicationplatformforthemarketingsectorthatisleadingintheindustryandinlinewithGree'sbusinessformat;withdataasthekeyelement,valuereleaseasthecore,anddataempowermentasthemainline,givefullplaytotheadvantagesofInternetofThings,AI,bigdata,cloudandothertechnologiesintheindustrialtransformationandupgrading,acceleratetheupgrading,transformationandreconstructionofallfactorsoftheindustry,createintelligentmanufacturingfullindustrychainapplicationsolutions,provideenterpriseswithautomaticproductionsolutionsforcostreduction,consumptionreduction,qualityimprovementandefficiencyincreaseindigitaltransformation,andacceleratetheconstructionofdigitalsmartplantstobuildanadvanceddemonstrationbaseoftheGroup.
6.ImprovetheefficiencyofinternalorganizationalmanagementandpromotethehealthydevelopmentoftheCompanyGreewillstrengtheninternalconstruction,improvethefunctionalsystemsofdepartments,anddeepenthecollaborativedevelopmentofdepartmentstoimproveoverallworkefficiencyandmanagementlevel;strengthenthemaintenanceandoperationofinformationsystemstoensureefficientandcontrolledinformationsystems,establishaninternalcontrolsystemforcomprehensiveriskmanagement,andenhanceriskmanagementandcontrol;continuouslyimprovethecostmanagementsystem,strengthentheawarenessofcostreductionandefficiencyincrease,achievingthereasonableutilizationofenterpriseresources,promotingthereasonableandorderlymanagementofofficeactivities,andfinallypromotingthehealthydevelopmentoftheCompany.
7.EstablishamodelforChina'smanufacturingtalenttrainingindustrywithatargetedtalentintroductionstrategyGreewillimplementaprecisetalentintroductionstrategybasedonthecultivationandsupplycharacteristicsoftalents,focusoncultivatingcutting-edgetechnologytalentsinfieldssuchasautomationequipment,precisionmolds,intelligentequipment,experimentaltesting,qualitymanagement,etc.,andcultivatingnewskilledtalentswhoadapttonewindustriesandfieldsandhavecomprehensivetechnicalpracticalabilities,providinghigh-qualitytalentsupplyforthestabledevelopmentoftheCompany.(III)Mainriskstofuturedevelopment
1.RisksofmacroeconomicfluctuationsTheproductsofGreearemainlyconsumerappliancessuchasHVACandconsumerhouseholdappliances.Macroeconomicchangesmayaffectconsumers'incomestatus,leadingtoadjustmentsintheirspendingonhouseholdappliances.Meanwhile,asapost-cycleindustryofrealestate,realestatepolicieshaveasignificantimpactonthedemandforhouseholdappliances.
2.RiskoffluctuationsinproductionfactorpricesOntheonehand,therawmaterialsfortheCompany'sproductsaremainlycopper,steel,aluminum,andplasticsofdifferentgrades.Thecostofmainrawmaterialsaccountsforarelativelyhighproportionofthemainbusinesscost,andfluctuationsinrawmaterialpriceswillhaveanimpactonthecost.Ontheotherhand,theriseinlaborcostshasbecomeacommonphenomenonineconomicdevelopment,andtheincreaseinlaborcostswillhaveanegativeimpactontheCompany'sgrossmargin.
3.RiskofintensifiedmarketcompetitionTheurbanizationrateinChinaisgraduallyincreasing,andtheownershipofmajorhouseholdapplianceshassignificantlyincreased,leadingtoincreasinglyfierceindustrycompetition.
4.PoliticalrisksoverseasWiththeuncertaintiesbroughtaboutbythetenseoverseaspoliticalsituation,escalatingtradefrictions,economicglobalization,overseasbusinessesmaybefacedwithmorerisks.
5.RiskofexchangeratefluctuationsExchangeratefluctuationsmayweakenproductcompetitiveness,bringadverseeffectstoproductexports,andmayalsocauseexchangelossesandincreasefinancialcosts.Inthefaceofcomplexandever-changinginternalandexternalenvironmentandrisks,Greewillcontinuouslyimproveitscorporategovernancestructure,improveitsstandardizedoperationlevel,strengthenitsinternalcontrolsysteminaccordancewiththerequirementsoftheCompanyLaw,SecuritiesLaw,andrelevantlawsandregulationsoftheChinaSecuritiesRegulatoryCommission,toeffectivelypreventandcontrolrisks,ensuringtheCompany'ssustained,stable,andhealthydevelopment.
XII.Activitiessuchasreceptionofresearch,communication,interviewsduringthereportperiod?Applicable□Notapplicable
TimeofReception
| TimeofReception | PlaceofReception | MethodofReception | TypeofReceptionObject | ReceptionObject | MainContentsDiscussedandMaterialProvided | IndexofBasicInformationofResearch |
| May31,2022 | SharetronicofShenzhenExchangeStock | Others | Others | Institutionalandindividual | Companyoperations | PleaserefertoGree:000651GreePerformancePresentationand |
(http://irm.cninfo.com.cn),ValueOnline(https://eseb.cn/UOIklGJ5GE)
| (http://irm.cninfo.com.cn),ValueOnline(https://eseb.cn/UOIklGJ5GE) | investors | RoadshowActivityInformation20220601disclosedbytheCompanyonJune1,2022onCNINFO(http://www.cninfo.com.cn/new/index) |
SectionIVCorporateGovernance
I.BasicstatusofcorporategovernanceTheCompany,instrictaccordancewiththeCompanyLawofthePeople'sRepublicofChina,SecuritiesLawofthePeople'sRepublicofChina,otherrelevantnationallawsandregulations,andtheShenzhenStockExchangeListedCompaniesSelf-regulatoryGuidelinesNo.1?StandardizedOperationofMainBoardListedCompanies,hasestablishedanormativecorporategovernancestructureandrulesofprocedurefortheGeneralMeetingofShareholders,BoardofDirectorsandBoardofSupervisors,clarifiedtheresponsibilitiesandauthoritiesfordecision-making,executionandsupervision,forminganeffectivedivisionofresponsibilitiesandbalancemechanism,andcontinuouslypromotedthestandardizedoperationleveloftheCompany,safeguardingtheinterestsofinvestorsandtheCompany.TheCompany'sgovernancecompliedwiththeCompanyLawofthePeople'sRepublicofChinaandtherequirementsoftheChinaSecuritiesRegulatoryCommissionregardingthegovernanceoflistedcompanies.Whethertherewereanysignificantdifferencesbetweentheactualstateofcorporategovernanceandthelaws,administrativeregulations,andregulationsoncorporategovernanceoflistedcompaniesissuedbytheChinaSecuritiesRegulatoryCommission
□Yes?NoTherewerenosignificantdifferencesbetweentheactualstateofcorporategovernanceandthelaws,administrativeregulationsandtheregulationsongovernanceoflistedcompaniesissuedbytheChinaSecuritiesRegulatoryCommission.
II.TheindependenceoftheCompanyfromthecontrollingshareholderandtheactualcontrollerintermsofassets,personnel,finance,organizationandbusinessoftheCompany
TheCompanyhasasoundcorporategovernancestructureandiscompletelyindependentfromthelargestshareholder,ZhuhaiMingjun,inbusinessoperation,personnel,assets,organizationandfinance,andtheCompanyhasanindependentandcompletebusinessoperationandindependentmanagementcapability.III.Horizontalcompetition
□Applicable?NotApplicable
IV.Annualgeneralmeetingofshareholdersandinterimgeneralmeetingofshareholdersduringthereportperiod
1.Generalmeetingsofshareholdersduringthereportperiod
Sessionof
Meeting
| SessionofMeeting | TypeofMeeting | InvestorParticipationRatio | DateofConvening | DateofDisclosure | MeetingResolutions |
| TheFirstInterimGeneralMeetingofShareholdersin2022 | Interimgeneralmeetingofshareholders | 43.81% | February28,2022 | March1,2022 | AnnouncementontheResolutionsofthe1stInterimGeneralMeetingofShareholdersin2022(AnnouncementNo.:2022-013)onCNINFO(http://www.cninfo.com.cn/new/index) |
| 2021AnnualGeneralMeetingof | AnnualGeneralMeetingof | 41.42% | June7,2022 | June8,2022 | AnnouncementontheResolutionsof2021AnnualGeneralMeetingofShareholders(AnnouncementNo.:2022-041)onCNINFO |
Shareholders
| Shareholders | Shareholders | (http://www.cninfo.com.cn/new/index) | |||
| The2ndInterimGeneralMeetingofShareholdersin2022 | Interimgeneralmeetingofshareholders | 38.55% | August16,2022 | August17,2022 | AnnouncementontheResolutionsofthe2ndInterimGeneralMeetingofShareholdersin2022(AnnouncementNo.:2022-051)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The3rdInterimGeneralMeetingofShareholdersin2022 | Interimgeneralmeetingofshareholders | 38.57% | December28,2022 | December29,2022 | AnnouncementontheResolutionsofthe3rdInterimGeneralMeetingofShareholdersin2022(AnnouncementNo.:2022-064)onCNINFO(http://www.cninfo.com.cn/new/index) |
2.Conveningofaninterimgeneralmeetingofshareholdersrequestedbythepreferredshareholderswithrestoredvotingrights
□Applicable?NotApplicable
V.Directors,supervisorsandseniorexecutives
1.Basicinformation
Name
| Name | Title | EmploymentStatus | Sex | Age | TermStartDate | TermEndDate | NumberofSharesHeldattheBeginningofthePeriod(Shares) | NumberofSharesIncreasedintheCurrentPeriod(Shares) | NumberofSharesDecreasedintheCurrentPeriod(Shares) | OtherIncrease/Decrease(Shares) | NumberofSharesHeldattheEndofthePeriod(Shares) | ReasonsforIncreaseorDecreaseofShares |
| DongMingzhu | Chairperson&President | Incumbent | Female | 68 | May25,2012 | February28,2025 | 44,488,492 | 44,488,492 | ||||
| ZhangWei | SecretaryofthePartyCommittee,director | Incumbent | Male | 46 | January16,2019 | February28,2025 | ||||||
| GuoShuzhan | Director | Incumbent | Male | 66 | January16,2019 | February28,2025 | ||||||
| ZhangJundu | Director | Incumbent | Male | 62 | May25,2012 | February28,2025 | ||||||
| DengXiaobo | Director,VicePresident,SecretaryoftheBoardofDirectors | Incumbent | Male | 47 | December26,2020 | February28,2025 | ||||||
| LiuShuwei | Independentdirector | Incumbent | Female | 70 | January16,2019 | February28,2025 | ||||||
| WangXiaohua | Independentdirector | Incumbent | Male | 61 | January16,2019 | February28,2025 | ||||||
| XingZiwen | Independentdirector | Incumbent | Male | 60 | January16,2019 | February28,2025 | ||||||
| ZhangQiusheng | Independentdirector | Incumbent | Male | 55 | March1,2022 | February28,2025 | ||||||
| ChengMin | Supervisor | Incumbent | Female | 42 | November2,2020 | February28,2025 |
DuanXiufeng
| DuanXiufeng | Supervisor | Incumbent | Male | 59 | January16,2019 | February28,2025 | 447,525 | 447,525 | ||||
| WangFawen | Employeesupervisor | Incumbent | Female | 39 | January16,2019 | February28,2025 | ||||||
| ZhuangPei | VicePresident | Incumbent | Male | 58 | May25,2012 | February28,2025 | 5,955,202 | 5,955,202 | ||||
| TanJianming | VicePresidentandChiefEngineer | Incumbent | Male | 58 | August31,2017 | February28,2025 | 1,297,300 | 1,297,300 | ||||
| ShuLizhi | VicePresident | Incumbent | Male | 53 | December26,2020 | February28,2025 | ||||||
| LiaoJianxiong | FinanceChief,PresidentAssistant | Incumbent | Male | 49 | August6,2020 | February28,2025 | ||||||
| FangXiangjian | VicePresident | Incumbent | Male | 45 | November19,2021 | February28,2025 | 167,400 | 167,400 | ||||
| Total | -- | -- | -- | -- | -- | -- | 52,355,919 | 0 | 0 | 0 | 52,355,919 | -- |
Whetherthereareanydirectororsupervisorresigned,oranyseniorexecutiveinofficedismissedduringthereportingperiod.
□Yes?No
ChangesintheCompany'sdirectors,supervisorsandseniorexecutives?Applicable□Notapplicable
Name
| Name | Position | Type | Date | Reason |
| DongMingzhu | Chairperson&President | Beelected | February28,2022 | |
| ZhangWei | SecretaryofthePartyCommittee,director | Beelected | February28,2022 | |
| DengXiaobo | Director,VicePresident,SecretaryoftheBoardofDirectors | Beelected | February28,2022 | |
| ZhangJundu | Director | Beelected | February28,2022 | |
| GuoShuzhan | Director | Beelected | February28,2022 | |
| LiuShuwei | Independentdirector | Beelected | February28,2022 | |
| WangXiaohua | Independentdirector | Beelected | February28,2022 | |
| XingZiwen | Independentdirector | Beelected | February28,2022 | |
| ZhangQiusheng | Independentdirector | Beelected | February28,2022 | |
| ChengMin | ChairmanoftheBoardofSupervisors | Beelected | February28,2022 | |
| DuanXiufeng | Supervisor | Beelected | February28,2022 | |
| WangFawen | Employeerepresentativesupervisor | Beelected | February25,2022 | |
| ZhuangPei | VicePresident | Appointed | February28,2022 | |
| TanJianming | VicePresidentandChiefEngineer | Appointed | February28,2022 | |
| ShuLizhi | VicePresident | Appointed | February28,2022 | |
| FangXiangjian | VicePresident | Appointed | February28,2022 | |
| LiaoJianxiong | FinanceChief,PresidentAssistant | Appointed | February28,2022 |
2.EmploymentsituationProfessionalbackground,majorworkexperienceandcurrentmajorresponsibilitiesoftheCompany'scurrentdirectors,supervisorsandseniorexecutivesMs.DongMingzhu,withamaster'sdegree,currentlyservesastheChairpersonandPresidentofGreeElectricAppliances,Inc.ofZhuhai.Shesuccessivelyheldthepostsofsalesperson,ViceDirectorofSalesDepartment,DirectorofSalesDepartment,DeputyGeneralManager,ViceChairpersonandPresidentofGreeElectricAppliances.Shewassuccessivelyelectedasadeputyofthe10th,11th,12th,13thand14thNationalPeople'sCongress,amemberofthe10th,11thand12thExecutiveCommitteeoftheAll-ChinaWomen'sFederation,amemberofthe13thFive-YearPlanExpertCommitteeoftheNationalDevelopmentandReformCommission,amemberoftheAdvisoryCommitteeoftheAll-ChinaFederationofIndustryandCommerce,aUnitedNationsAmbassadorforSustainableUrbanDevelopment,thefirstrotatingchairpersonoftheUNDPCommissiononSustainableDevelopment,andChairpersonoftheISO/TC86/SC4.Shewasawardedthe"NationalModelWorker","NationalMay1LaborMedal","NationalMarch8thRedBannerPacesetter",ChinaPatentGoldAward,theThirdChinaQualityAward,LiuYuanzhangQualityTechnologyContributionAward,FudanUniversityOutstandingContributiontoEnterpriseManagementAward,Top10ManagementInnovationLeaders·PractitionersofTsinghuaBusinessReviewin2018,and"ChinaOutstandingIndividualforQuality(NationalIndividualQualityAward)",NominationAwardforthe4thChinaQualityAward,OutstandingContributionAwardofChinaStandardInnovationContributionAward,andotherhonorsandtitles,andthreetimeshasbeenselectedbyCCTVas"EconomicPersonalityoftheYear",andwaslistedinFortune"World'sMostInfluentialWomeninBusiness"for17times.Mr.ZhangWei,asenioreconomistwithabachelor'sdegree,currentlyservesastheSecretaryofthePartyCommitteeandDirectorofGreeElectricAppliances,Inc.ofZhuhai.HejoinedGreein1999andsuccessivelyservedastheheadofGreeElectricAppliancesPipelineBranch,MaterialSupplyDepartment,OutsourcingandPurchasingQualityManagementDepartment,EnerpriseManagementDepartment,andPresidentAssistant,andservedasVicePresidentofGreeGroupfrom2013to2020,andhasbeenservingastheSecretaryofthePartyCommitteeofGreeElectricAppliancessinceSeptember2020.Mr.GuoShuzhan,withajuniorcollegedegree,currentlyservesasadirectorofGreeElectricAppliances,Inc.ofZhuhai.SinceAugust2006,hehasbeenservingastheChairmanandGeneralManagerofJinghaiInternetTechnologyDevelopmentCo.,Ltd.;sinceAugust2012,hehasbeenservingastheGeneralManagerofHenanShengshiXinxingGreeTradeCo.,Ltd.;fromMay2012toJanuary2019,heservedasasupervisoroftheCompany,andsinceJanuary2019,hehasbeenservingasadirectoroftheCompany.Mr.ZhangJundu,withajuniorcollegedegree,currentlyservesasadirectorofGreeElectricAppliances,Inc.ofZhuhai.
SinceSeptember1999,hehasbeenservingastheChairmanofZhejiangTongchengGreeElectricAppliancesCo.,Ltd.SinceAugust2012,hehasbeenconcurrentlyservingastheGeneralManagerofZhejiangShengshiXinxingGreeTradeCo.,Ltd.,andhasbeenservingasdirectoroftheCompanysinceMay2012.Mr.DengXiaobo,withabachelor'sdegree,currentlyservesasadirector,VicePresidentandSecretaryoftheBoardofDirectorsofGreeElectricAppliances,Inc.ofZhuhai.HejoinedGreeElectricAppliances,Inc.ofZhuhaiinNovember2020andservedasVicePresidentandSecretaryoftheBoardofDirectorsoftheCompany.SinceFebruary2022,hehasbeenservingasDirector,VicePresidentandSecretaryoftheBoardofDirectorsofGreeElectricAppliances,Inc.ofZhuhai.Ms.LiuShuwei,withamaster'sdegree,currentlyservesasanindependentdirectorofGreeElectricAppliances,Inc.ofZhuhai.Ms.LiuShuweigraduatedfromPekingUniversityin1986withaMaster'sdegreeinEconomics.ShestudiedunderrenownedChineseEconomists,ProfessorChenDaisunandProfessorLiYining,andisarenownedscholarinthefieldoffinance.In2002,shewasawarded"EconomicPersonalityoftheYear"and"TouchingChina?2002PersonoftheYear"byCCTV.SheiscurrentlyanindependentdirectorofChinaVankeCo.,Ltd.,anindependentdirectorofCostarGroupCo.,Ltd.,andaresearcheronChineseenterprisesattheCentralUniversityofFinanceandEconomics.ShehasbeenservingasanindependentdirectoroftheCompanysinceJanuary2019.Mr.XingZiwen,withadoctoraldegree,currentlyservesasanindependentdirectorofGreeElectricAppliances,Inc.ofZhuhai.HeiscurrentlyaprofessorofXi'anJiaotongUniversity,executivedirectoroftheChineseAssociationofRefrigeration,anacademicmemberoftheStateKeyLaboratoryofCompressorTechnology,StateKeyLaboratoryofAir-conditioningEquipmentandSystemEnergyConservation,andthecandidateofseveralnationalleadingtalentplans,enjoyingspecialallowanceoftheStateCouncil.ProfessorXingZiwenhasservedasthedirectoroftheDepartmentofRefrigerationandCryogenicEngineering,DirectorofCompressorResearchInstitute,andDeputyDirectoroftheNationalEngineeringCenterforFluidMachineryandCompressorsofSchoolofEnergyandPowerEngineering,Xi'anJiaotongUniversity.Hehaswon2NationalScienceandTechnologyProgressAwards,9ProvincialandMinisterialScienceandTechnologyProgressAwards,andtheSpecialAwardforScienceandTechnologyProgressoftheChineseAssociationofRefrigeration,theSpecialAwardforInventionandEntrepreneurshipoftheChinaAssociationofInventions,theDistinguishedProfessorAwardoftheXiaAnshiEducationFoundation,andtheYouthInnovationAwardoftheHoLeungHoLeeFoundation,etc.Mr.WangXiaohua,aMasterofLawsfromtheUniversityofEastLondon,isafirstgradelawyerinGuangdongProvince,anationaloutstandinglawyer,andavisitingprofessoratZhongnanUniversityofEconomicsandLaw.HeisnowanindependentdirectorofGreeElectricAppliances,Inc.ofZhuhai.HehasbeenworkingatETRLawFirmsinceJanuary1993andiscurrentlythehonorarydirectorandfoundingpartnerofthelawfirm.HealsoservesasalegaladvisortounitssuchastheGuangdongProvincialPublicSecurityDepartment,ZhongNanshanMedicalFoundation,andtheGeneralOfficeoftheGuangdongProvincialCPPCC,supervisoryjudicatoryadvisorofStandingCommitteeofGuangdongProvincialPeople'sCongress,directorofGuangdongProvinceLawSociety,PresidentofGuangzhouAlumniAssociationofZhongnanUniversityofEconomicsandLaw,andconcurrentlyanindependentdirectorofGuangdongShirongZhaoyeCo.,Ltd.,CantonTowerCulturalTourismDevelopmentCo.,Ltd.,andARROWHomeGroupCo.,Ltd.HehasservedasamemberoftheStandingCommitteeofGuangdongProvincialCPPCC,acounciloroftheAllChinaLawyersAssociation,alegaladvisortothe16thAsianGamesOrganizingCommittee,amemberofthe9thAllChinaYouthFederation,PresidentofGuangzhouLawyersAssociation,andalegalconsultingexpertandlegaladvisoroftheGuangzhouMunicipalPeople'sGovernmentOverthepast34yearsofpractice,hehashandledmorethan1,000litigation,arbitration,andnon-litigationcasesandprojectsindividuallyorwithhisteam,havingrichexperienceinlegalservices.Mr.WangXiaohuahaspublishedfourmonographsandco-authors,publishedmorethan30papersandarticles,andsubmittedmorethan60proposals,andwaspraisedbytheNanfangDailyNewsasamajorproposalwriter.Mr.ZhangQiusheng,withadoctoraldegree,isanon-practicingmemberoftheChineseCertifiedPublicAccountant.HeiscurrentlyaprofessoroftheSchoolofEconomicsandManagement,BeijingJiaotongUniversity,theDirectoroftheNational
InstituteofTransportationDevelopment,thedirectoroftheResearchCenterforMergerandAcquisitionofChineseEnterprisesofBeijingJiaotongUniversity,andanindependentdirectorofJinnengHoldingShanxiCoalIndustryCo.,Ltd.Mr.ZhangQiushenghasundertakenvariousprovincialandministerialresearchprojectsfrom,includingtheNationalNaturalScienceFoundationofChina,theNationalSocialScienceFundofChina,theNationalSoftScienceProgram,aswellastheMinistryofEducation,theMinistryofFinance,theState-ownedAssetsSupervisionandAdministrationCommissionoftheStateCouncil,andtheChinaSecuritiesRegulatoryCommission.Hehaspublishedmorethan30works(translations)includingthemonographAFrameworkforMergersandAcquisitionsandmorethan100academicandprofessionalpapers,andhaswonasecondprizefornationalteachingachievements,4awardsforprovincialandministerialresearchachievements,and2firstprizesforteachingachievementsinBeijing.Ms.ChengMin,withabachelor'sdegree,currentlyservesasasupervisorofGreeElectricAppliances,Inc.ofZhuhai.SheservesasthePresidentAssistantofZhuhaiGreeGroupCo.,Ltd.,andtheChairpersonofZhuhaiGexinDevelopmentCo.,Ltd.ShehasservedastheDirectoroftheOverallPlanningDepartmentofZhuhaiConvention&ExhibitionBureau,amemberofthePartyGroupofZhuhaiConvention&ExhibitionBureau,andtheofficedirectorandSecretaryoftheBoardofDirectorsofZhuhaiGreeGroupCo.,Ltd.Mr.DuanXiufengcurrentlyservesasasupervisorofGreeElectricAppliances,Inc.ofZhuhai.HegraduatedfromShandongPartySchoolin1999andhasservedastheDeputyGeneralManagerandGeneralManagerofShandongGreeElectricApplianceMarketingCo.,Ltd.andGeneralManagerofShandongShengshiXinxingGreeTradeCo.,Ltd.HehasbeenservingasasupervisoroftheCompanysinceJanuary2019.Ms.WangFawen,wirhaMaster'sdegree,isanintermediateeconomistandhumanresourcemanagementprofessional,andcurrentlyservesastheemployeerepresentativesupervisorofGreeElectricAppliances,Inc.ofZhuhai.From2007to2019,shesuccessivelyservedasHumanResourcesSpecialistoftheHumanResourcesDepartment,DirectorofthePersonnelGeneralOffice,SupervisorofthePerformanceSection,SupervisoroftheTrainingSection,AssistantDirectoroftheTrainingDepartment,HumanResourcesDepartmentandDirectoroftheTrainingDepartment;shehasbeenservingasasupervisoroftheEmployeeRepresentativeoftheCompanysinceJanuary2019,andtheDeputyDirectoroftheHumanResourcesDepartmentoftheCompanysinceFebruary2019.Mr.ZhuangPei,aseniorengineerwithabachelor’sdegree,currentlyservesastheVicePresidentofGreeElectricAppliances,Inc.ofZhuhai.HeservedasPresidentAssistantfrom2002toApril2003andhasbeenservingasVicePresidentoftheCompanysinceApril2003.Mr.TanJianming,withamaster'sdegree,currentlyservesastheVicePresidentandChiefEngineerofGreeElectricAppliances,Inc.ofZhuhai.From1982to1986,hestudiedRefrigerationandCryogenicEngineeringmajoratHuazhongUniversityofScienceandTechnologyandreceivedhisbachelor'sdegree;from1986to1989,hecontinuedhisstudiesinRefrigerationandCryogenicEngineeringatHuazhongUniversityofScienceandTechnologyandreceivedhisMaster'sdegree;aftergraduationin1989,hejoinedGreeElectricAppliances,Inc.ofZhuhaiandsuccessivelyservedasaDesigner,Director,PresidentAssistant,andDeputyChiefEngineer,etc.SinceAugust2017,hehasbeenservingastheVicePresidentandChiefEngineeroftheCompany.Mr.ShuLizhi,withamaster'sdegree,currentlyservesastheVicePresidentofGreeElectricAppliances,Inc.ofZhuhai.HeservedastheDeputyDirectorandDirectorofWuhanSpecialCommissionOfficeoftheNationalAuditOffice.HejoinedGreeElectricAppliances,Inc.ofZhuhaiinDecember2019.SinceDecember2020,hehasbeenservingastheVicePresidentoftheCompany.Mr.FangXiangjian,aseniorengineerwithamaster’sdegree,currentlyservesastheVicePresidentofGreeElectricAppliances,Inc.ofZhuhai.FromJuly2004toDecember2016,hesuccessivelyservedastheassistanttofactorymanager,deputyfactorymanagerandfactorymanageroftheIncomingMaterialsInspectionFactory,andDirectorofQualityControlDepartment,ofGreeElectricAppliances,Inc.ofZhuhai.HehasbeenservingastheAssistantPresidentofGreeElectricAppliances,Inc.ofZhuhaisinceDecember2016andhasbeenservingastheVicePresidentofGreeElectricAppliances,Inc.ofZhuhaisinceNovember2021.HewontheGuangdongMay1LaborMedal,LiuYuanzhangQualityTechnicalTalentAward,andtheManagementTalentAwardoftheChinaManagementScienceSociety.HeservesasVicePresidentoftheChinaAssociationforQualityInspection,ProfessionalCommitteeMemberoftheChinaFireProtectionAssociation,Memberofthe7thAcademicCommitteeoftheChinaAssociationforQuality,andViceChairmanoftheGreenandEfficientEnergyProductsProfessionalCommitteeoftheChinaEnergyConservationAssociation.
Mr.LiaoJianxiong,withabachelor'sdegree,currentlyservesastheFinanceChiefandPresidentAssistantofGreeElectricAppliances,Inc.ofZhuhai.HejoinedGreeinMay1993andsuccessivelyservedastheheadoftheFinancialDepartmentofGree(Chongqing)ElectricAppliancesCo.,Ltd.,headoftheFinancialDepartmentandPresidentAssistantofGreeElectricAppliances,Inc.ofZhuhai.HehasbeenservingastheFinanceChiefandPresidentAssistantoftheCompanysinceAugust2020.EmploymentinShareholders?Applicable□Notapplicable
NameofIncumbent
| NameofIncumbent | NameofShareholder | PositionHeldattheShareholder | TermStartDate | TermEndDate | ReceiveRemunerationandAllowanceFromtheShareholderorNot |
| ChengMin | ZhuhaiGreeGroupCo.,Ltd. | PresidentAssistant | March1,2020 | Yes | |
| GuoShuzhan | JinghaiInternetTechnologyDevelopmentCo.,Ltd. | ChairmanandLegalRepresentative | August1,2006 | Yes | |
| Descriptionofincumbentinshareholders | None | ||||
Employmentinothercompanies?Applicable□Notapplicable
| NameofIncumbent | NameofOtherCompanies | PositionHeldintheOtherCompanies | TermStartDate | TermEndDate | ReceiveRemunerationandAllowanceFromOtherCompaniesorNot |
| DongMingzhu | ZhuhaiGezhenInvestmentManagementPartnership(LimitedPartnership) | ExecutivePartner | September26,2019 | No | |
| DongMingzhu | ZhuhaiXimaMingzhuNewMediaCo.,Ltd. | Director | October1,2015 | No | |
| GuoShuzhan | BeijingQianyuanHengjiuheLiquorCo.,Ltd. | Director | April25,2014 | No | |
| GuoShuzhan | XiaheHengshengHydropowerCo.,Ltd. | Director | May1,2007 | No | |
| GuoShuzhan | HenanShengshiXinxingGreeTradeCo.,Ltd. | ExecutiveDirector | August1,2010 | Yes | |
| GuoShuzhan | LuoyangGreeElectricApplianceLogisticsCo.,Ltd. | ExecutiveDirectorandGeneralManager | June1,2010 | No | |
| GuoShuzhan | XiaheHengfaHydropowerCo.,Ltd. | Director | June1,2005 | No | |
| GuoShuzhan | HenanGree | Executive | March10,2021 | No |
InstallationEngineeringCo.,Ltd.
| InstallationEngineeringCo.,Ltd. | Director | ||||
| GuoShuzhan | LuquHengshunHydropowerCo.,Ltd. | Supervisor | September9,2009 | No | |
| GuoShuzhan | HenanSanliRealEstateDevelopmentCo.,Ltd. | Supervisor | November6,2006 | No | |
| GuoShuzhan | HenanRuigeWarehousingCo.,Ltd. | Otherpersonnel | July1,2005 | No | |
| ZhangJundu | ZhejiangTongchengGreeElectricAppliancesCo.,Ltd. | Chairman | September1,1999 | Yes | |
| ZhangJundu | NingboTongchengGreeElectricApplianceCo.,Ltd. | Director | July1,2013 | No | |
| ZhangJundu | ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | ExecutiveDirectorandGeneralManager | January1,2017 | Yes | |
| ZhangJundu | ZhejiangRuitongVehicleCo.,Ltd. | Director | December1,2014 | No | |
| ZhangJundu | WenzhouTongchengEconomicandTradeCo.,Ltd. | Director | April1,2012 | No | |
| ZhangJundu | HuzhouTongchengGreeElectricApplianceCo.,Ltd. | Director | November1,2008 | No | |
| LiuShuwei | ChinaVankeCo.,Ltd. | Independentdirector | June30,2017 | June29,2023 | Yes |
| LiuShuwei | CostarGroupCo.,Ltd. | Independentdirector | April10,2019 | September14,2025 | Yes |
| WangXiaohua | ETRLawFirm | PartnerChairman | June1,2017 | Yes | |
| WangXiaohua | ARROWHomeGroupCo.,Ltd. | Independentdirector | December18,2019 | Yes | |
| WangXiaohua | CantonTowerCulturalTourismDevelopmentCo.,Ltd. | Independentdirector | April27,2021 | Yes | |
| WangXiaohua | GuangdongShirongZhaoyeCo.,Ltd. | Independentdirector | March26,2019 | March26,2022 | Yes |
| ZhangQiusheng | JinnengHoldingShanxiCoalIndustryCo.,Ltd. | Independentdirector | June5,2020 | Yes | |
| ZhangQiusheng | LuoniushanCo.,Ltd. | Independentdirector | October1,2022 | Yes |
ZhangQiusheng
| ZhangQiusheng | TianjinLishenBatteryJoint-stockCo.,Ltd. | Independentdirector | December25,2021 | Yes | |
| ZhangQiusheng | YusysTechnologiesCo.,Ltd. | Independentdirector | August18,2022 | Yes | |
| ZhangQiusheng | CMSTDevelopmentCo.,Ltd. | Independentdirector | October1,2022 | Yes | |
| DuanXiufeng | BeijingDetaiHengrunInvestmentCo.,Ltd. | Manager | July3,2014 | No | |
| DuanXiufeng | BeijingRongzhiXingweiManagementConsultingCo.,Ltd. | Manager | July2,2013 | No | |
| DuanXiufeng | ShandongJieruiLogisticsCo.,Ltd. | ExecutiveDirectorandGeneralManager | August11,2010 | No | |
| DuanXiufeng | JinanQihuiSmallLoanCo.,Ltd. | Director | February4,2009 | No | |
| DuanXiufeng | ShandongElectricApplianceCustomerServiceCo.,Ltd. | ExecutiveDirectorandGeneralManager | August2,2012 | Yes | |
| DuanXiufeng | ShandongBinzhouDongshengRealEstateCo.,Ltd. | ExecutiveDirector | June26,2009 | No | |
| DuanXiufeng | ShandongBlueEconomyIndustrialFundManagementCo.,Ltd. | Chairman | November5,2014 | No | |
| DuanXiufeng | ShandongUberNetworkTechnologyCo.,Ltd. | ExecutiveDirector | October27,2015 | No | |
| DuanXiufeng | JinanJieruiNewEnergyTechnologyCo.,Ltd. | ExecutiveDirectorandGeneralManager | December21,2016 | No | |
| DuanXiufeng | ShandongRedAprilBrandManagementCo.,Ltd. | ExecutiveDirectorandGeneralManager | August1,2017 | No | |
| DuanXiufeng | ShandongRedAprilE-commerceCo.,Ltd. | ExecutiveDirectorandGeneralManager | August30,2017 | No | |
| DuanXiufeng | ZhongfuHuaxiaManagementConsultingCo., | Chairman | December23,2005 | No |
Ltd.
| Ltd. | |||||
| DuanXiufeng | ShandongRedAprilHoldingGroupCo.,Ltd. | ExecutiveDirectorandGeneralManager | May5,2015 | No | |
| DuanXiufeng | ShandongRedAprilVentureCapitalCo.,Ltd. | ExecutiveDirectorandManager | April24,2017 | No | |
| DuanXiufeng | ShandongRedAprilNewEnergyTechnologyCo.,Ltd. | ExecutiveDirectorandManager | December13,2017 | No | |
| DuanXiufeng | JinanRuralCommercialBankCo.,Ltd. | Supervisor | May22,2020 | No | |
| ChengMin | ZhuhaiGexinDevelopmentCo.,Ltd. | Chairman | September1,2018 | Yes | |
| Descriptionofincumbentintheothercompanies | None | ||||
Penaltiesimposedbysecuritiesregulatorsoncurrentanddismisseddirectors,supervisorsandseniorexecutivesinthereportperiodintherecentthreeyears
□Applicable?NotApplicable
3.Remunerationofdirectors,supervisorsandseniorexecutivesDecision-makingprocedures,determinationbasis,andactualpaymentregardingtheremunerationsofdirectors,supervisorsandseniorexecutivesDuringthereportperiod,theBoardofDirectorsoftheCompanyappraisedtheperformanceandresumptionofseniorexecutivesonanannualbasisandimplementedanappraisalsystembasedontheresultsoftheirworkinethics,competence,attendanceandperformance.TheCompanyadheredtotheprincipleofreasonableness,fairnessandjusticeandlaidemphasisoncombinationofmaterialincentiveandspiritualincentive.Intermsofmaterialincentives,theCompanypaidattentiontoreasonablycontrollingtherewardgradeandproperlywideningtherewardgapandemphasizingthetimingandfrequencyofrewards.Intermsofspiritualincentives,theCompanypaidattentiontocombiningthecorporateobjectiveswiththespiritofdedication,senseofsocialresponsibilityandcareerachievementoftheseniormanagementpersonnel.Remunerationsofdirectors,supervisorsandseniorexecutivesinthereportperiodUnit:10,000yuan
| Name | Title | Sex | Age | EmploymentStatus | TotalPre-taxRemunerationReceivedFromtheCompany | ReceiveRemunerationFromaRelatedPartyoftheCompanyorNot |
| DongMingzhu | Chairperson&President | Female | 68 | Incumbent | 1,142 | No |
| ZhangWei | DirectorandSecretaryofthePartyCommittee | Male | 46 | Incumbent | 400 | No |
| GuoShuzhan | Director | Male | 66 | Incumbent | Yes | |
| ZhangJundu | Director | Male | 62 | Incumbent | Yes | |
| DengXiaobo | Director,VicePresident,SecretaryoftheBoardofDirectors | Male | 47 | Incumbent | 237.36 | No |
| LiuShuwei | Independentdirector | Female | 70 | Incumbent | 19.17 | Yes |
WangXiaohua
| WangXiaohua | Independentdirector | Male | 61 | Incumbent | 19.17 | Yes |
| XingZiwen | Independentdirector | Male | 60 | Incumbent | 19.17 | No |
| ZhangQiusheng | Independentdirector | Male | 55 | Incumbent | 16.67 | No |
| ChengMin | Supervisor | Female | 42 | Incumbent | Yes | |
| DuanXiufeng | Supervisor | Male | 59 | Incumbent | Yes | |
| WangFawen | Employeesupervisor | Female | 39 | Incumbent | 68.31 | No |
| ZhuangPei | VicePresident | Male | 58 | Incumbent | 240 | No |
| TanJianming | VicePresidentandChiefEngineer | Male | 58 | Incumbent | 400 | No |
| ShuLizhi | VicePresident | Male | 53 | Incumbent | 200 | No |
| LiaoJianxiong | FinanceChief,PresidentAssistant | Male | 49 | Incumbent | 116.46 | No |
| FangXiangjian | VicePresident | Male | 45 | Incumbent | 280 | No |
| Total | -- | -- | -- | -- | 3,158.31 | -- |
VI.Performanceofdirectors'dutiesduringthereportperiod
1.TheBoardofDirectorsduringthereportperiod
| SessionofMeeting | DateofConvening | DateofDisclosure | MeetingResolutions |
| The31stMeetingofthe11thBoardofDirectors | January24,2022 | January25,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe31stMeetingofthe11thBoardofDirectors(AnnouncementNo.:2022-001)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The32ndMeetingofthe11thBoardofDirectors | February13,2022 | February14,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe32ndMeetingofthe11thBoardofDirectors(AnnouncementNo.:2022-010)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The1stMeetingofthe12thBoardofDirectors | February28,2022 | March1,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe1stMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-014)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The2ndMeetingofthe12thBoardofDirectors | March31,2022 | April2,2023 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe2ndMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-020)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The3rdMeetingofthe12thBoardofDirectors | April29,2022 | April30,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe3rdMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-022)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The4thMeetingofthe12thBoardofDirectors | April29,2022 | April30,2022 | Fordetails,pleasereferto2022FirstQuarterReport(AnnouncementNo.:2022-033)onCNINFO |
(http://www.cninfo.com.cn/new/index)
| (http://www.cninfo.com.cn/new/index) | |||
| The5thMeetingofthe12thBoardofDirectors | May20,2022 | May21,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe5thMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-037)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The6thMeetingofthe12thBoardofDirectors | July29,2022 | July30,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe6thMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-047)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The7thMeetingofthe12thBoardofDirectors | August22,2022 | August23,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe7thMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-052)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The8thMeetingofthe12thBoardofDirectors | August30,2022 | August31,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe8thMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-056)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The9thMeetingofthe12thBoardofDirectors | October28,2022 | October31,2022 | Fordetails,pleasereferto2022ThirdQuarterReport(AnnouncementNo.:2022-058)onCNINFO(http://www.cninfo.com.cn/new/index) |
| The10thMeetingofthe12thBoardofDirectors | December12,2022 | December13,2022 | Fordetails,pleaserefertoAnnouncementofResolutionsofthe10thMeetingofthe12thBoardofDirectors(AnnouncementNo.:2022-062)onCNINFO(http://www.cninfo.com.cn/new/index) |
2.AttendanceofdirectorsatmeetingsoftheBoardofDirectorsandgeneralmeetingsofshareholders
| AttendanceofdirectorsatmeetingsoftheBoardofDirectorsandgeneralmeetingsofshareholders | |||||||
| NameoftheDirector | NumberofMeetingsoftheBoardofDirectorsRequiringAttendanceintheReportPeriod | TimesofOn-siteAttendanceattheMeetingsoftheBoardofDirectors | TimesofAttendingMeetingsoftheBoardofDirectorsviaCommunicationTools | TimesofAttendingMeetingsoftheBoardofDirectorsbyEntrusting | TimesofAbsenceFromMeetingsoftheBoardofDirectors | WhetherFailtoPersonallyAttendtheMeetingsoftheBoardofDirectorsforConsecutivelyTwice? | TimesofAttendingtheGeneralMeetingsofShareholders |
| DongMingzhu | 12 | 2 | 10 | 0 | 0 | No | 4 |
| ZhangWei | 12 | 2 | 10 | 0 | 0 | No | 4 |
| GuoShuzhan | 12 | 1 | 11 | 0 | 0 | No | 4 |
| ZhangJundu | 12 | 2 | 10 | 0 | 0 | No | 4 |
| Deng | 12 | 2 | 10 | 0 | 0 | No | 4 |
Xiaobo
| Xiaobo | |||||||
| LiuShuwei | 12 | 1 | 11 | 0 | 0 | No | 4 |
| WangXiaohua | 12 | 2 | 10 | 0 | 0 | No | 4 |
| XingZiwen | 12 | 1 | 11 | 0 | 0 | No | 4 |
| ZhangQiusheng | 10 | 0 | 10 | 0 | 0 | No | 4 |
InformationaboutdirectorswhofailedtoattendtwoconsecutiveBoardmeetingsinperson.Notapplicable
3.Directors'objectiontorelevantmattersoftheCompanyWhetherthedirectorsraisedobjectionstorelevantissuesoftheCompany?
□Yes?NoThedirectorsdidn'traiseanyobjectiontorelevantissuesoftheCompany.
4.OtherdescriptionsforperformanceofdutiesbydirectorsWhethertherelevantsuggestionsontheCompanybydirectorswereadopted?Yes□NoDirectors'explanationonwhethertoadoptthesuggestionsDuringthereportperiod,thedirectorsoftheCompanywereabletotakethebestinterestsoftheCompanyandshareholdersastheircodeofconduct,faithfullyperformedtheirdutiesinaccordancewiththerelevantregulations,attendedthemeetingsoftheBoardofDirectors,carefullydeliberatedtheproposalsandmadesuggestionsandcommentsonthemanagementoftheCompany,whichplayedapositiveroleintheeffectivedecision-makingoftheBoardofDirectors,improvingthemanagementlevelandstandardizingtheoperationoftheCompany.
VII.SpecializedcommitteesundertheBoardofDirectorsduringthereportperiod
| CommitteeName | MemberStatus | NumberofMeetingsHeld | DateofConvening | ConferenceContent | ImportantCommentsandSuggestionsProposed | OtherPerformanceofDuties | DetailsofObjection(ifany) |
| AuditCommittee | LiuShuwei,WangXiaohua,andZhangWei | 4 | April29,2022 | Deliberationofthefollowingproposals:I.2021FinancialStatementsII.2021AnnualReportanditsSummaryIII.ProposalontheProposedAppointmentoftheCompany'sAuditAgencyin2022 | |||
| April29, | Deliberationofthe |
2022
| 2022 | 2022FirstQuarterReport | |||
| August30,2022 | Deliberationof2022Semi-annualReportanditsSummery | |||
| October28,2022 | Deliberationofthe2022ThirdQuarterReport | |||
| RemunerationandAppraisalCommittee | WangXiaohua,LiuShuwei,andZhangWei | 3 | April29,2022 | Deliberationofthe2021CompensationDistributionPlanforDirectors,SupervisorsandSeniorExecutives |
| May20,2022 | DeliberationofthePhaseIIEmployeeStockOwnershipPlanofGreeElectricAppliances,Inc.ofZhuhai(Draft) | |||
| July29,2022 | Deliberationofthefollowingproposals:I.ProposalonAdjustingtheVoluntaryLockupPeriodaftertheAttributionofSharesinthePhaseIEmployeeStockOwnershipPlanoftheCompanyII.ProposalonAdjustingtheVoluntaryLockupPeriodaftertheAttributionofSharesinthePhaseIIEmployeeStockOwnershipPlanoftheCompany | |||
| NominatingCommittee | XingZiwen,WangXiaohua,andZhangWei | 1 | January24,2022 | Deliberationofthefollowingproposals:I.ProposalonMs.DongMingzhu'sQualificationasaNon-IndependentDirectoroftheCompanyII.ProposalonMr.ZhangWei's |
QualificationasaNon-IndependentDirectoroftheCompanyIII.ProposalonMr.DengXiaobo'sQualificationasaNon-IndependentDirectoroftheCompanyIV.ProposalonMr.ZhangJundu'sQualificationasaNon-IndependentDirectoroftheCompanyV.ProposalonMr.GuoShuzhan'sQualificationasaNon-IndependentDirectoroftheCompanyVI.ProposalonMs.LiuShuwei'sQualificationasanIndependentDirectoroftheCompanyVII.ProposalonMr.WangXiaohua'sQualificationasanIndependentDirectoroftheCompanyVIII.ProposalonMr.XingZiwen'sQualificationasanIndependentDirectoroftheCompanyIX.ProposalonMr.ZhangQiusheng'sQualificationasanIndependentDirectoroftheCompany
| QualificationasaNon-IndependentDirectoroftheCompanyIII.ProposalonMr.DengXiaobo'sQualificationasaNon-IndependentDirectoroftheCompanyIV.ProposalonMr.ZhangJundu'sQualificationasaNon-IndependentDirectoroftheCompanyV.ProposalonMr.GuoShuzhan'sQualificationasaNon-IndependentDirectoroftheCompanyVI.ProposalonMs.LiuShuwei'sQualificationasanIndependentDirectoroftheCompanyVII.ProposalonMr.WangXiaohua'sQualificationasanIndependentDirectoroftheCompanyVIII.ProposalonMr.XingZiwen'sQualificationasanIndependentDirectoroftheCompanyIX.ProposalonMr.ZhangQiusheng'sQualificationasanIndependentDirectoroftheCompany | ||||
| NominatingCommittee | ZhangQiusheng,XingZiwen,andDengXiaobo | 1 | February28,2022 | Deliberationofthefollowingproposals:I.ProposalonMs.DongMingzhu'sQualificationasthePresidentoftheCompanyII.ProposalonMr.DengXiaobo's |
VIII.WorkoftheBoardofSupervisors
WhethertheBoardofSupervisorshasidentifiedanyrisksintheCompanyduringitssupervisionactivitiesduringthereportperiod
□Yes?NoTheBoardofSupervisorshasnoobjectiontothesupervisionmattersduringthereportperiod.IX.TheCompany'sstaff
1.Numberofemployees,theirspecialtiesandeducationlevel
Numberofon-the-jobemployeesoftheparentcompanyattheendofthereportperiod(person)
| Numberofon-the-jobemployeesoftheparentcompanyattheendofthereportperiod(person) | 21,994 |
| Numberofon-the-jobemployeesofthemainsubsidiariesattheendofthereportperiod(person) | 50,386 |
| Totalnumberofon-the-jobemployeesattheendofthe | 72,380 |
QualificationastheVicePresidentoftheCompanyIII.ProposalonMr.ZhuangPei'sQualificationastheVicePresidentoftheCompanyIV.ProposalonMr.TanJianming'sQualificationastheVicePresidentoftheCompanyV.ProposalonMr.ShuLizhi'sQualificationastheVicePresidentoftheCompanyVI.ProposalonMr.FangXiangjian'sQualificationastheVicePresidentoftheCompanyVII.ProposalonMr.DengXiaobo'sQualificationastheSecretaryoftheBoardofDirectorsoftheCompanyVIII.ProposalonMr.LiaoJianxiong'sQualificationastheFinanceChiefoftheCompany
reportperiod(person)
| reportperiod(person) | |
| Totalnumberofemployeesreceivingsalariesforthecurrentperiod(person) | 72,380 |
| Numberofretiredemployeesforwhomtheparentcompanyandmainsubsidiariesneedtobearexpenses(person) | 411 |
| Specialties | |
| Categoryofspecialties | Number(person)ofemployeesofspecialties |
| Manufacturingpersonnel | 51,931 |
| Salespersonnel | 3,002 |
| Technician | 12,977 |
| Financialpersonnel | 1,126 |
| Administrativepersonnel | 3,344 |
| Total | 72,380 |
| Educationallevel | |
| Educationlevelcategory | Numberofemployees(person) |
| Bachelordegreeorabove | 16,893 |
| Collegedegree | 11,999 |
| Technicalsecondaryschoolandbelow | 43,488 |
| Total | 72,380 |
2.RemunerationpolicyFacedwiththeuncertaintyandcomplexityofthemacroeconomicenvironment,theCompanyattachesgreatimportancetoandsafeguardsthevitalinterestsofemployees,optimizesandadjustscompensationplans,andcontinuouslyimprovesthepositionbasedandperformanceorientedcompensationmechanism.Atthesametime,Greefocusesonhigh-qualitytalent,continuestoimplementtheproject-basedevaluationmechanismforscientificandtechnologicaltalentstoencouragescientificandtechnologicalpersonnelandtechnologicalbreakthroughsinR&D;Greestrengthensthemainresponsibilitiesofemployers,implementedwagereformpilot,stabilizescoreteams,optimizestalentechelonconstruction,andpromotestheimprovementoforganizationaleffectiveness.
3.Trainingplan
(1)Achievehigh-qualitytalentsupplywithatargetedtalentrecruitmentstrategyandindependenttalenttrainingsystemGreewillalwaysadheretotheprincipleof"focusingonthestrategiclayoutoftheCompanyandadheringtoindependenttrainingoftalents",expandandformindependentchannelsforintroducingtalentsbasedonthecultivationandsupplycharacteristicsoftalents.TheCompanywillestablishanemployerbrandoperationsystemthatcoversimagepromotion,activitypropagation,andcandidateexperienceoptimization,carriedoutpromotionthroughathree-in-onenetworkandtalentrecommendationchannelof"teachersofemploymentoffice+campusambassadors+counselorsofgraduatingclasses",leveragesthechannelresourceadvantagesofthegovernmentorthird-partyplatformstoeffectivelytransformthemintoemploymentresultsthroughspecializedjobfairs,preciseinformationpush,andothermethods.Meanwhile,theCompanywilldynamicallyobtainrecruitmentdataonlineinreal-time,applydatatofeedbackrecruitmentdecisions,andimproveefficiencythroughfullchainrecruitment,achievingcostreductionandefficiencyincreaseincampusrecruitment.TheCompanywillfocuson985/211universitiesanduniversitystudentsinscarcitydirection,andcombinetheadvantagesoftraininganddevelopmentmechanisms,comprehensivelivingandwelfaresecuritytoaccuratelyattractstudentsfromkeyuniversitiesandimprovetherecruitmentquality.TheCompanywillintroduceagroupofvocationalandtechnicaltalentswhorecognizetheCompany'scorporateculture,havehighcomprehensivequality,andhaveasolidfoundationinprofessionalskillsthroughvariousformssuchascampusrecruitmentlectures,Gree"orderclass",Gree"titlesponsorshipclass",andschool-enterprisecooperationtalks,toachieveorderbasedtrainingfortechnicalworkers;ontheotherhand,theCompanywillfullyinvestinandindependentlybuildthe"ZhuhaiGreePolytechnic",andstrivetocreatean"incubator"ofskilledtalents,cultivatingandsupplyingoutstandinggraduatesforenterprisesandsociety.
(2)ContinuouslyoptimizethetalentstructurethroughbuildingacompetitivetalentteamGree'stalentteamhasbeengrowing,anditstalentstructurehasbeenupgradedovertheyears.Bytheendof2022,theCompanyhadabout72,000employees,including2leadingtalentsinscienceandtechnologyinnovationundertheNationalTenThousandTalentsProgram,3expertsenjoyingspecialallowancesfromtheStateCouncil,1NationalTechnicalExpert,1
winneroftheAwardofOutstandingContributiontoNanyue,94high-leveltalentsofZhuhai,548outstandingyoungtalents,948scientificandtechnologicalexpertsevaluatedinsidetheCompany,andmorethan30,000skilledworkers.Inordertoadapttothetransformationoftheproductionmodeltoautomationandintelligence,theCompanywillacceleratethetrainingofapplied-skilledtalents.TheCompanywillvigorouslypromotethespiritofmodelworkersandcraftsmeninthenewera,integratetheresourceadvantagesofGuangdongtechnicians,skilledmasterstudios,andtechnicianworkstationstoempowerproductionthroughtrainingandboostinnovationthroughcompetition,andselectandcultivateagroupof"high-techandcutting-edge"skilledtalentsthroughaseriesofmeasuressuchasskilltraining,skillcompetitionandskillgradeevaluation.Asofnow,theGrouphas14,000newlyassessedskilledtalents,ofwhich,8havewonthetitleof"GuangdongProvincialTechnicalExpert",2havewonthetitleof"NanyueTechnicalExpert",and5havewonthetitleof"ZhuhaiMunicipalTechnicalExpert",4"ZhuhaiMunicipalPostTechnicalExpertPacesetter",12"ZhuhaiMunicipalChiefTechnicalExpert",10"ZhuhaiSpecialArtisan",and232"ZhuhaiArtisan".Inordertoimprovetalentcultivationandevaluationmechanismsatalllevels,promotetheconstructionofinformationplatforms,andstrengthendigitalcontrolofhumanresources,theCompanyhaspromotedtheonlineoperationofperformancesystemsinheadquartersunitsandsubsidiariesin2022,achievingmonthlyperformanceevaluationgroupcontrolanddataintegrationofresults,andquicklyidentifyingtalents.Talentisanimportantimpetusfordevelopment,theCompanywilladheretothecontinuouscultivationofinnovative,inter-disciplinary,andpracticalskilledtalents,enablingemployeestohavetheabilitytoindependently"generateblood"tocopewiththerapidlychangingexternalenvironment.TheCompanywillfocusonkeytalentneedsandseekbenefitsforemployeesthroughmultiplechannelssuchasemployeestockownershipplans,talentsubsidies,talenthousing,andGreeschools,continuouslyimprovingemployeesatisfactionandhappiness.Tostimulateemployeevitality,theCompanywillunclogthecareerdevelopmentpathofemployeesthroughaspectssuchasprofessionalqualificationrecognition,professionaltitleappraisal,technicianlevelassessment,andvocationaltraining,toenhanceemployees'self-worthandprofessionalidentity.
4.Laboroutsourcing
□Applicable?NotApplicable
X.ProfitdistributionandconversionofcapitalreservesintosharecapitalbytheCompany
Profitdistributionpolicyduringthereportperiod,especiallytheformulation,implementationoradjustmentofthecashdividendpolicy?Applicable□Notapplicable2021Semi-annualEquityDistributionPlan:Withthesharesafterdeductingthe377,791,307sharesintherepurchaseaccountfromtheCompany'stotalsharecapitalof5,914,469,040sharesasthebasequota,distributeacashdividendofRMB10(taxinclusive)toallshareholdersforevery10shares,withoutbonussharesorconversionofcapitalreservesintosharecapital,totalingRMB5,536,677,733ofcashsharesdistributed.2021AnnualEquityDistributionPlan:Withthesharesafterdeductingthe377,791,307sharesintherepurchaseaccountfromtheCompany'stotalsharecapitalof5,914,469,040sharesasthebasequota,distributeacashdividendofRMB20(taxinclusive)toallshareholdersforevery10shares,withoutbonussharesorconversionofcapitalreservesintosharecapital,totalingRMB11,073,355,466ofcashsharesdistributed.2022Mid-termEquityDistributionPlan:Withthe5,613,841,613sharesafterdeducting17,564,128repurchasedsharesfromtheCompany'sexistingtotalsharecapitalasthebasequota,distributeacashdividendofRMB10(taxinclusive)toallshareholdersforevery10shares,withoutbonussharesorconversionofcapitalreservesintosharecapital,totalingRMB5,613,841,613ofcashsharesdistributed.ThecashdividenddistributionratiooftheCompanysinceitslistingisinlinewiththeprovisionsoftheArticlesofAssociationofGreeElectricAppliances,Inc.ofZhuhai,thecashdividenddistributionpolicyoftheCompanyisinlinewiththeprovisionsoflawsandregulationssuchastheArticlesofAssociationofGreeElectricAppliances,Inc.ofZhuhaiandtherequirementsoftheresolutionsofthegeneralmeetingofshareholders.Thecriteriafordividenddistributionandthedividenddistributionratioareclearandunambiguous,therelevantdecision-makingproceduresandmechanismsarecomplete,andtheindependentdirectorshaveperformedtheirdutiesandresponsibilitieswithduediligenceandhaveplayedtheirroles.Minorityshareholdershaveadequateopportunitiestoexpresstheiropinionsanddemandsonprofitdistribution,andtheirlegitimaterightsandinterestsarefullyprotected.
Specialdescriptionofcashdividendpolicy
WhethertocomplywiththeprovisionsoftheArticlesofAssociationortherequirementsofthegeneralmeeting'sresolutions:
| WhethertocomplywiththeprovisionsoftheArticlesofAssociationortherequirementsofthegeneralmeeting'sresolutions: | Yes |
| Whetherthedividendcriteriaandratioareclearandunambiguous: | Yes |
| Whethertherelevantdecision-makingproceduresandmechanismsarecomplete: | Yes |
| Whethertheindependentdirectorsperformtheirdutiesandplaytheirdueroles: | Yes |
| Whethertheminorityshareholdershavetheopportunitytofullyexpresstheiropinionsanddemands,andwhethertheirlegitimaterightsandinterestsareadequatelyprotected: | Yes |
| Whethertheconditionsandproceduresarecompliantandtransparentifthecashdividendpolicyisadjustedorchanged: | Notapplicable |
TheCompanyisprofitableduringthereportperiodandtheparentcompanyhaspositiveprofitavailablefordistributiontoshareholdersbutnocashdividenddistributionplanhasbeenproposed.
□Applicable?NotApplicableProfitdistributionandconversionofcapitalreservesintosharecapitalinthereportperiod?Applicable□Notapplicable
| Dividendsper10shares(yuan)(taxinclusive) | 10.00 |
| Sharecapitalbaseforthedistributionplan(shares) | 5,613,841,613 |
| Cashdividends(yuan)(taxinclusive) | 5,613,841,613.00 |
| Totalcashdividends(includingothermethods)(yuan) | 5,613,841,613 |
| Distributableprofits(yuan) | 52,303,785,737.73 |
| Proportionoftotalcashdividends(includingothermethods)tototalprofitdistribution | 100% |
| Currentcashdividend | |
| IftheCompanyisinamaturitystageandtherearenosignificantcapitalexpenditurearrangements,thecashdividendsinthecurrentprofitdistributionshallaccountforatleast80%oftheprofitdistribution | |
| Detaileddescriptionofplanforprofitdistributionorconversionofcapitalreservesintosharecapital | |
| Withthetotalsharecapitalof5,613,841,613shares(deducting17,564,128sharesintheCompany'srepurchaseaccountfromthetotalsharecapitalof5,631,405,741shares)entitledtoprofitdistributionrightsatthetimeofdisclosureofthisprofitdistributionplan,theCompanyplanstodistributeacashdividendofRMB10per10sharestoallshareholders(taxinclusive),withoutbonussharesorconversionofcapitalreservesintosharecapital,totalingRMB5,613,841,613ofcashsharesdistributed,andtheremainingundistributedprofitswillbecarriedforwardfordistributioninfutureyears.IfthereisachangeinthetotalsharecapitaloftheCompanyentitledtoprofitdistributionfromthedateofdisclosureofthedistributionplantothedateofimplementationofequitydistributionregistration,theCompanywilladjustthetotaldividendamountaccordinglybasedontheprincipleofkeepingthedistributionratiopershareunchanged. | |
XI.ImplementationoftheCompany'sequityincentiveplan,employeestockownershipplan,orotheremployeeincentivemeasures?Applicable□Notapplicable
1.EquityincentiveNotapplicableEquityincentivesreceivedbydirectorsandseniorexecutivesoftheCompany
□Applicable?NotApplicable
AppraisalmechanismandincentivesofseniorexecutivesNotapplicable
2.Implementationofemployeestockownershipplan?Applicable□NotapplicableAllvalidemployeestockownershipplansduringthereportperiod
ShareholdingsofDirectors,Supervisorsandseniorexecutivesintheemployeestockownershipplanduringthereportperiod
Name
| Name | Title | Numberofsharesheldatthebeginningofthereportperiod | Numberofsharesheldattheendofthereportperiod | Proportiontothetotalsharecapitaloflistedcompanies |
| DongMingzhu | Chairperson&President | 10,000,000 | 10,000,000 | 0.18% |
| TanJianming | VicePresidentandChiefEngineer | 488,469 | 488,469 | 0.01% |
| ZhuangPei | VicePresident | 420,253 | 420,253 | 0.01% |
| FangXiangjian | VicePresident | 391,890 | 391,890 | 0.01% |
| ZhangWei | DirectorandSecretaryofthePartyCommittee | 183,328 | 183,328 | 0.00% |
| DengXiaobo | Director,VicePresident,SecretaryoftheBoardofDirectors | 107,600 | 107,600 | 0.00% |
ScopeofEmployees
| ScopeofEmployees | NumberofEmployees | TotalNumberofSharesHeld(Shares) | Changes | Proportiontothetotalsharecapitaloflistedcompanies | Sourceoffundingforimplementationoftheplan |
| Directors(excludingindependentdirectors),supervisorsandseniorexecutivesoftheCompany,aswellasmiddle-levelcadresandcoreemployeesoftheCompanyanditsholdingsubsidiariesrecognizedbytheBoardofDirectorsasplayinganimportantroleintheoverallperformanceandmedium-andlong-termdevelopmentoftheCompany | 4,845 | 46,334,473 | OnMay20,2022,the5thmeetingofthe12thBoardofDirectorsandthe4thmeetingofthe12thBoardofSupervisorswereheld,andtheProposalonAdjustingthePerformanceEvaluationIndexesofPhaseIEmployeeStockOwnershipPlanofGreeElectricAppliances,Inc.ofZhuhaiwasdeliberatedandadoptedwiththeAnnouncementNo.:2022-039 | 0.82% | Legalremunerationofemployeesandself-financingfundsobtainedthroughothermeansaspermittedbylawsandadministrativeregulations |
ShuLizhi
| ShuLizhi | VicePresident | 99,719 | 99,719 | 0.00% |
| LiaoJianxiong | FinanceChief,PresidentAssistant | 77,663 | 77,663 | 0.00% |
| WangFawen | Employeerepresentativesupervisor | 51,355 | 51,355 | 0.00% |
Changesinassetmanagementunitsduringthereportperiod
□Applicable?NotApplicableChangesinequityduringthereportperiodduetodisposalofsharesbyholders,etc.
□Applicable?NotApplicableExerciseofshareholders'rightsduringthereportperiodNoneOtherrelevantcircumstancesandexplanationsoftheemployeestockownershipplanduringthereportperiod?Applicable□Notapplicable
TheCompanyheldthe5thMeetingofthe12thBoardofDirectors,the4thMeetingofthe12thBoardofSupervisors,the6thMeetingofthe12thBoardofDirectors,andthe5thMeetingofthe12thBoardofSupervisorsonMay20,2022andJuly29,2022,respectively,deliberatedandadoptedproposalssuchastheProposalonthePhaseIIEmployeeStockOwnershipPlan(Draft)ofGreeElectricAppliances,Inc.ofZhuhai,revisedandformedthePhaseIIEmployeeStockOwnershipPlan(Draft)ofGreeElectricAppliances,Inc.ofZhuhai(RevisedVersion),andheldthe2ndInterimGeneralMeetingofShareholdersin2022onAugust16,2022,withtheProposalonthePhaseIIEmployeeStockOwnershipPlan(Draft)ofGreeElectricAppliances,Inc.ofZhuhai(RevisedVersion)deliberatedandadopted.OnFebruary3,2023,thephaseIIemployeestockownershipplanwascompleted,andthenon-tradingtransferofshareswascompleted.PleaserefertoAnnouncementNo.2023-004forspecificdetails.
ChangeinmembersoftheEmployeeStockOwnershipPlanManagementCommittee
□Applicable?NotApplicableFinancialimpactofemployeestockownershipplanonlistedcompaniesandrelatedaccountingtreatmentduringthereportperiod?Applicable□NotapplicableInaccordancewiththeAccountingStandardsforEnterprisesNo.11?Share-basedPayments,thetotalexpensesrecognizedforequitysettledshare-basedpaymentsbytheCompanyin2022wasRMB370,227,884.10.Terminationofemployeestockownershipplanduringthereportperiod
□Applicable?NotApplicableOtherstatements:
None
3.Otheremployeeincentivemeasures
□Applicable?NotApplicable
XII.Constructionandimplementationoftheinternalcontrolsystemduringthereportperiod
1.ConstructionandimplementationofinternalcontrolTheCompanycontinuedtoimprovetheconstructionofinternalcontrolsystemandimprovedthemanagementmechanismofrulesandregulations.TheCompanyregularlyreviewedtheinternalcontrolsystemandprocess,andimprovedandre-
improvedthesystemandprocess.Atthesametime,theCompanystrictlyimplementedtherulesandregulations,continuouslystrengthenedcompliancemanagementandriskmanagement,andbuiltaperfectinternalcontrolsystemandprocesssystem.TheCompanycontinuedtopayattentiontoandstrengthenthecontrolofhigh-riskareassuchasfinancialmanagement,assetmanagement,capitalactivities,procurementbusiness,productionmanagement,salesbusinessandengineeringprojects,andeffectivelyimprovedtheawarenessofcompliancemanagementandtheabilitytopreventandcontrolmajorrisks.Duringthereportperiod,theCompanyupdatedandimproveditsinternalcontrolsysteminatimelymannerinaccordancewiththeprovisionsoftheBasicStandardforEnterpriseInternalControlanditsaccompanyingguidelines,takingintoaccountchangesintheCompany'sinternalandexternalenvironment,internalorganizationandmanagementrequirements.Basedonthedeterminationofsignificantdefectsininternalcontrol,therewasnosignificantdefectsormaterialdefectsininternalcontroloftheCompany'sfinancialstatementsandnon-financialstatementsin2022.Throughtheoperation,analysisandevaluationoftheinternalcontrolsystem,theCompanyeffectivelypreventedtherisksinoperationandmanagementandpromotedtheachievementofinternalcontrolobjectives.Inthefuture,theCompanywillcontinuetoperfecttheinternalcontrolsystem,standardizetheimplementationoftheinternalcontrolsystem,strengthenthesupervisionandinspectionofinternalcontrol,andpromotethehealthyandsustainabledevelopmentoftheCompany.
2.Detailsofsignificantdefectsininternalcontrolidentifiedduringthereportperiod
□Yes?No
XIII.Managementandcontrolofthesubsidiariesduringthereportperiod
Company
Name
| CompanyName | IntegrationPlan | IntegrationProgress | ProblemsDuringIntegration | SolutionsTaken | ResolutionProgress | SubsequentResolutionPlan |
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | StrictlyfollowtheInternalControlSystemtoconductinternalmanagementandriskcontrolforsubsidiaries | BecomingaholdingsubsidiaryoftheCompanyinApril2022 | None | Notapplicable | Notapplicable | Notapplicable |
XIV.Internalcontrolself-evaluationreportorinternalcontrolauditreport
1.Internalcontrolself-evaluationreport
| Dateofdisclosureofthefullinternalcontrolevaluationreport | April29,2023 |
| Indexofdisclosureofthefullinternalcontrolevaluationreport | CNINFO(http://www.cninfo.com.cn/new/index) |
| TheproportionofthetotalassetsoftheunitsincludedinthescopeofevaluationtothetotalassetsoftheCompany'sconsolidatedfinancialstatements | 97.00% |
| TheproportionofoperatingrevenueoftheunitsincludedinthescopeofevaluationtotheoperatingrevenueoftheCompany'sconsolidatedfinancial | 98.00% |
statements
| statements | ||
| Defectidentificationcriteria | ||
| Category | Financialstatements | Non-financialstatements |
| Qualitativestandard | Fordetails,pleaserefertothe2022InternalControlSelf-evaluationReportofGreeElectricAppliances,Inc.ofZhuhaidisclosedonCNINFO(www.cninfo.com.cn)onApril29,2023 | Fordetails,pleaserefertothe2022InternalControlSelf-evaluationReportofGreeElectricAppliances,Inc.ofZhuhaidisclosedonCNINFO(www.cninfo.com.cn)onApril29,2023 |
| Quantitativestandard | Fordetails,pleaserefertothe2022InternalControlSelf-evaluationReportofGreeElectricAppliances,Inc.ofZhuhaidisclosedonCNINFO(www.cninfo.com.cn)onApril29,2023 | Fordetails,pleaserefertothe2022InternalControlSelf-evaluationReportofGreeElectricAppliances,Inc.ofZhuhaidisclosedonCNINFO(www.cninfo.com.cn)onApril29,2023 |
| Numberofsignificantdefectsinthefinancialstatements | 0 | |
| Numberofsignificantdefectsinthenon-financialstatements | 0 | |
| Numberofmaterialdefectsinthefinancialstatements | 0 | |
| Numberofmaterialdefectsinthenon-financialstatements | 0 | |
2.Internalcontrolauditreport?Applicable□Notapplicable
| Deliberationopinionsectionintheinternalcontrolauditreport | |
| WeholdthatGreeElectricAppliances,Inc.ofZhuhaihasmaintainedeffectiveinternalcontroloverfinancialstatementsinallsignificantaspectsasofDecember31,2022,inaccordancewiththeBasicStandardforEnterpriseInternalControlandrelevantregulations. | |
| Disclosureofinternalcontrolauditreport | Disclosure |
| Dateofdisclosureoffullinternalcontrolauditreport | April29,2023 |
| Indexofdisclosureofthefullinternalcontrolauditreport | CNINFO(http://www.cninfo.com.cn/new/index) |
| Typeofinternalcontrolauditreportopinions | Standardunqualifiedauditopinion |
| Isthereasignificantdefectinthenon-financialstatements? | No |
Whethertheaccountingfirmissuedanon-standardopinionontheinternalcontrolauditreport
□Yes?NoWhethertheinternalcontrolauditreportissuedbytheaccountingfirmisconsistentwiththeopinionoftheBoardofDirectors'self-evaluationreport?Yes□No
XV.Rectificationofself-inspectionissuesinthespecialactionongovernanceoflistedcompaniesNotapplicable
SectionVEnvironmentalandSocialResponsibility
I.Majorenvironmentalproblems
Whetherthelistedcompanyanditssubsidiariesarelistedaskeypollutantdischargeunitspublishedbytheenvironmentalprotectiondepartment?Yes□NoEnvironmentalprotectionrelatedpoliciesandindustrystandardsDuringtheproductionandoperationprocess,theCompanyanditssubsidiariesstrictlycompliedwiththerequirementsofenvironmentalprotectionlawsandregulationssuchastheEnvironmentalProtectionLawofthePeople'sRepublicofChina,LawofthePeople'sRepublicofChinaonthePreventionandControlofAtmosphericPollution,LawofthePeople'sRepublicofChinaonthePreventionandControlofWaterPollution,LawofthePeople'sRepublicofChinaonthePreventionandControlofSolidWastePollution,andLawofthePeople'sRepublicofChinaonPreventionandControlofEnvironmentalNoisePollution,andindustrystandards,andorganizedtheirownproductionandoperationactivities.AdministrativelicenseforenvironmentalprotectionTheCompanyanditssubsidiariesstrictlyimplementthepollutiondischargepermitsystemandlegallydischargepollutantswithinthespecifiedscope.TheapplicationdateforthepollutiondischargepermitofGreeElectricAppliances,Inc.ofZhuhai.isDecember22,2022,anditisvaliduntilDecember21,2027.TheapplicationdateforthepollutiondischargepermitofZhuhaiGreeElectricEnterprisesLtd.isJuly3,2020,anditisvaliduntilJuly2,2023.TheapplicationdateforthepollutiondischargepermitofGree(Hefei)ElectricAppliancesCo.,Ltd..isAugust20,2020,anditisvaliduntilAugust19,2023.TheapplicationdateforthepollutiondischargepermitofZhuhaiLandaCompressorCo.,Ltd.isOctober28,2022,anditisvaliduntilOctober27,2027.TheapplicationdateforthepollutiondischargepermitofZhuhaiGREEXinyuanElectronicCo.,Ltd.isDecember13,2022,anditisvaliduntilDecember12,2027.TheapplicationdateforthepollutiondischargepermitofZhuhaiKaibangMotorManufacturingCo.,Ltd.isJune19,2020,anditisvaliduntilJune18,2023.TheapplicationdateforthepollutiondischargepermitofGree(Zhongshan)SmallHomeAppliancesCo.,Ltd.isJune4,2020,anditisvaliduntilJune3,2025.
Industrydischargestandardsandspecificsituationsofpollutantdischargeinvolvedinproductionandbusinessactivities
NameofCompanyorSubsidiary
| NameofCompanyorSubsidiary | TypeofMajorPollutantandParticularPollutant | NameofMajorPollutantandParticularPollutant | DischargeMethod | NumberofDischargePorts | DistributionofDischargePorts | DischargeConcentration/Intensity | PollutantDischargeStandardImplemented | TotalDischarge | TotalApprovedDischarge | ExcessiveDischarge |
| GreeElectricAppliances,Inc.ofZhuhai | Waterpollutant | COD | Intermittentdischarge | 1 | PhaseIIIsewagestation | 25.75mg/L | LevelIIIlimitinSectionIIoftheDischargeLimitsofWaterPollutants(DB44/26-2001) | 5.2496t/year | 26.4t/year | None |
| GreeElectricAppliances,Inc.ofZhuhai | Waterpollutant | COD | Intermittentdischarge | 1 | PhaseIVsewagestation | 22.75mg/L | LevelIIIlimitinSectionIIoftheDischargeLimitsofWaterPollutants(DB44/26-2001) | 5.2496t/year | 26.4t/year | None |
| GreeElectricAppliances,Inc.ofZhuhai | Waterpollutant | COD | Intermittentdischarge | 1 | PhaseVIsewagestation | 17.75mg/L | LevelIIIlimitinSectionIIoftheDischargeLimitsofWaterPollutants(DB44/26-2001) | 5.2496t/year | 26.4t/year | None |
| GreeElectricAppliances,Inc.ofZhuhai | Waterpollutant | Ammonianitrogen | Intermittentdischarge | 1 | PhaseIIIsewagestation | 0.287mg/L | LevelIIIlimitinSectionIIoftheDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0398t/year | 3.6t/year | None |
| GreeElectricAppliances,Inc.ofZhuhai | Waterpollutant | Ammonianitrogen | Intermittentdischarge | 1 | PhaseIVsewagestation | 0.162mg/L | LevelIIIlimitinSectionIIoftheDischargeLimitsofWaterPollutants | 0.0398t/year | 3.6t/year | None |
(DB44/26-2001)
| (DB44/26-2001) | ||||||||||
| GreeElectricAppliances,Inc.ofZhuhai | Waterpollutant | Ammonianitrogen | Intermittentdischarge | 1 | PhaseVIsewagestation | 0.093mg/L | LevelIIIlimitinSectionIIoftheDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0398t/year | 3.6t/year | None |
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | COD | Intermittentdischarge | 1 | Domesticsewagestation | 17mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | 1.2690t/year | 208.704209t/year | None |
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | COD | Intermittentdischarge | 1 | Commercialsewagestation | 11mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | 1.2690t/year | 208.704209t/year | None |
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | NH3-N | Intermittentdischarge | 1 | Domesticsewagestation | 0.084mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewater | 0.0173t/year | 20.869721t/year | None |
DischargeStandard(GB8978-1996)
| DischargeStandard(GB8978-1996) | ||||||||||
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | NH3-N | Intermittentdischarge | 1 | Commercialsewagestation | 0.113mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | 0.0173t/year | 20.869721t/year | None |
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | TN | Intermittentdischarge | 1 | Domesticsewagestation | 3.26mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | 0.8480t/year | 29.815077t/year | None |
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | TN | Intermittentdischarge | 1 | Commercialsewagestation | 4.75mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | 0.8480t/year | 29.815077t/year | None |
| Gree(Hefei) | Water | TP | Intermittent | 1 | Domestic | 0.06mg/L | Takeovercriteria | 0.0380 | 3.578266t/year | None |
ElectricAppliancesCo.,Ltd.
| ElectricAppliancesCo.,Ltd. | pollutant | discharge | sewagestation | ofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | t/year | |||||
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | Waterpollutant | TP | Intermittentdischarge | 1 | Commercialsewagestation | 1.76mg/L | TakeovercriteriaofHefeiWestGroupWastewaterTreatmentPlantandLevelIIIcriteriaofIntegratedWastewaterDischargeStandard(GB8978-1996) | 0.0380t/year | 3.578266t/year | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | pHvalue | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 7.9 | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturing | Waterpollutant | pHvalue | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 8 | DischargeLimitsofWaterPollutantsinGuangdong(DB | / | Thepollutantdischargepermitin2022isnotapproved | None |
Co.,Ltd.
| Co.,Ltd. | 44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | |||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Chromaticity | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | Twice | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Suspendedmatter | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 4mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0179t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Suspendedmatter | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 4mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0179t/year | Thepollutantdischargepermitin2022isnotapproved | None |
LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII)
| LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Chemicaloxygendemand | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 5mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0352t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Chemicaloxygendemand | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 6mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0352t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Five-daybiochemicaloxygendemand | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 0.5mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaof | 0.0103t/year | Thepollutantdischargepermitin2022isnotapproved | None |
MaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII)
| MaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Five-daybiochemicaloxygendemand | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 0.5mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0103t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Phosphate | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 0.01mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0010t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Phosphate | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 0.01mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximum | 0.0010t/year | Thepollutantdischargepermitin2022isnotapproved | None |
AllowableDischargeConcentrationofClassIIPollutants(SectionII)
| AllowableDischargeConcentrationofClassIIPollutants(SectionII) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Ammonianitrogen | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 0.025mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0009t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Ammonianitrogen | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 0.025mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0009t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Totalnitrogen | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 2mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowable | 0.0087t/year | Thepollutantdischargepermitin2022isnotapproved | None |
DischargeConcentrationofClassIIPollutants(SectionII)
| DischargeConcentrationofClassIIPollutants(SectionII) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Totalnitrogen | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 1.24mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0087t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Petroleum | Intermittentdischarge | 1 | IndustrialsewagedischargeoutletWS-39214A | 0.06mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischargeConcentrationofClassIIPollutants(SectionII) | 0.0003t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Waterpollutant | Animalandvegetableoils | Intermittentdischarge | 1 | DomesticsewagedischargeoutletDW002 | 0.06mg/L | DischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001)LevelIcriteriaofMaximumAllowableDischarge | 0.0002t/year | Thepollutantdischargepermitin2022isnotapproved | None |
ConcentrationofClassIIPollutants(SectionII)
| ConcentrationofClassIIPollutants(SectionII) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Particulatematter | Organizeddischarge | 1 | Die-castingwastegasventFQ-39214A | ＜20mg/m? | Emissionlimitsofatmosphericpollutantsfromprocesswastegas(SectionII)inEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Particulatematter | Organizeddischarge | 1 | MeltingaluminumwastegasventFQ-39214A1 | ＜20mg/m? | Emissionlimitsofatmosphericpollutantsfromprocesswastegas(SectionII)inEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Sulfurdioxide | Organizeddischarge | 1 | Die-castingwastegasventFQ-39214A | ND | Emissionlimitsofatmosphericpollutantsfromprocesswastegas(SectionII)inEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Sulfurdioxide | Organizeddischarge | 1 | MeltingaluminumwastegasventFQ-39214A1 | ND | Emissionlimitsofatmosphericpollutantsfromprocesswastegas(SectionII)inEmissionLimitsofAirPollutantsin | / | Thepollutantdischargepermitin2022isnotapproved | None |
Guangdong(DB44/27-2001)
| Guangdong(DB44/27-2001) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Nitrogenoxide | Organizeddischarge | 1 | Die-castingwastegasventFQ-39214A | ND | Emissionlimitsofatmosphericpollutantsfromprocesswastegas(SectionII)inEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Nitrogenoxide | Organizeddischarge | 1 | MeltingaluminumwastegasventFQ-39214A1 | ND | Emissionlimitsofatmosphericpollutantsfromprocesswastegas(SectionII)inEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | ImmersionpaintwastegasventFQ-39214B | 0.06mg/m? | EmissionLimitsofVOCsinEmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustryinGuangdong(DB44/816-2010) | 0.0004t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | Toluene+Xylene | Organizeddischarge | 1 | ImmersionpaintwastegasventFQ-39214B | 0.07mg/m? | EmissionLimitsofVOCsinEmissionStandardofVolatileOrganic | 0.0005t/year | Thepollutantdischargepermitin2022isnotapproved | None |
CompoundsforSurfaceCoatingofAutomobileManufacturingIndustryinGuangdong(DB44/816-2010)
| CompoundsforSurfaceCoatingofAutomobileManufacturingIndustryinGuangdong(DB44/816-2010) | ||||||||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | ImmersionpaintwastegasventFQ-39214B | 3.86mg/m? | EmissionLimitsofVOCsinEmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustryinGuangdong(DB44/816-2010) | 0.0312t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A01 | 0.03mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A02 | 0.26mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A03 | 0.01mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
ZhuhaiGREEElectricEnterprisesLtd.
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A04 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A05 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A06 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A07 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.1FQ113913A08 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.3FQ113913A09 | 0.02mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREE | Atmospheric | Benzene | Organized | 1 | PlantNo.3 | Notdetected | LevelIICriteriain | 0.0016 | Thepollutant | None |
ElectricEnterprisesLtd.
| ElectricEnterprisesLtd. | pollutant | discharge | FQ113913A10 | SectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | t/year | dischargepermitin2022isnotapproved | ||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.3FQ113913A11 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | PlantNo.3FQ113913A12 | 0.02mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0016t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A01 | 0.01mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A02 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A03 | 0.02mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectric | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A04 | Notdetected | LevelIICriteriainSectionIIof | 0.0012t/year | Thepollutantdischargepermit | None |
EnterprisesLtd.
| EnterprisesLtd. | EmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | in2022isnotapproved | ||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A05 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A06 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A07 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.1FQ113913A08 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.3FQ113913A09 | 0.01mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprises | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.3FQ113913A10 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsof | 0.0012t/year | Thepollutantdischargepermitin2022isnot | None |
Ltd.
| Ltd. | AirPollutantsinGuangdong(DB44/27-2001) | approved | ||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.3FQ113913A11 | 0.03mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | PlantNo.3FQ113913A12 | 0.05mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0012t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A01 | 0.03mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A02 | 0.01mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A03 | 0.01mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A04 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsin | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
Guangdong(DB44/27-2001)
| Guangdong(DB44/27-2001) | ||||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A05 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A06 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A07 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.1FQ113913A08 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.3FQ113913A09 | 0.01mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.3FQ113913A10 | Notdetected | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
44/27-2001)
| 44/27-2001) | ||||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.3FQ113913A11 | 1.4mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | PlantNo.3FQ113913A12 | 1.06mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0216t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A01 | 0.93mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A02 | 1.19mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A03 | 0.7mg/m? | SectionIIofEmissionStandardofVolatileOrganic | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
CompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010)
| CompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | ||||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A04 | Notdetected | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A05 | Notdetected | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A06 | Notdetected | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREE | Atmospheric | Totalvolatile | Organized | 1 | PlantNo.1 | 0.3mg/m? | SectionIIof | 1.2800 | Thepollutant | None |
ElectricEnterprisesLtd.
| ElectricEnterprisesLtd. | pollutant | organiccompounds | discharge | FQ113913A07 | EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | t/year | dischargepermitin2022isnotapproved | |||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.1FQ113913A08 | 0.11mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.3FQ113913A09 | 24.8mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.3FQ113913A10 | 1.6mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsin | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
Guangzhou(DB44/814-2010)
| Guangzhou(DB44/814-2010) | ||||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.3FQ113913A11 | 7.27mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.3FQ113913A12 | 14.6mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Totalvolatileorganiccompounds | Organizeddischarge | 1 | PlantNo.2FQ113913B01 | 1.16mg/m? | SectionIIofEmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperationsinGuangzhou(DB44/814-2010) | 1.2800t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A01 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsin | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
Guangdong(DB44/27-2001)
| Guangdong(DB44/27-2001) | ||||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A02 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A03 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A04 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A05 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A06 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
ZhuhaiGREEElectricEnterprisesLtd.
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A07 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.1FQ113913A08 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.3FQ113913A09 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.3FQ113913A10 | Notdetected | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.3FQ113913A11 | 0.7mg/m? | LevelIICriteriainSectionIIinTable2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0056t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectric | Atmosphericpollutant | Phenols | Organizeddischarge | 1 | PlantNo.3FQ113913A12 | Notdetected | LevelIICriteriainSectionIIinTable | 0.0056t/year | Thepollutantdischargepermit | None |
EnterprisesLtd.
| EnterprisesLtd. | 2ofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | in2022isnotapproved | ||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Atmosphericpollutant | Tinanditscompounds | Organizeddischarge | 1 | PlantNo.2FQ113913B01 | 0.000069mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.000003t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Suspendedmatter | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 49mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0340t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Animalandvegetableoils | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 0.81mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0006t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Petroleum | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 1.61mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0011t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectric | Waterpollutant | Totalnitrogen(N) | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 29.4mg/L | LevelIIICriteriainSectionIIin | 0.0206t/year | Thepollutantdischargepermit | None |
EnterprisesLtd.
| EnterprisesLtd. | Table4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | in2022isnotapproved | ||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Chemicaloxygendemand | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 164mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.1150t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Anionicsurfactant | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 0.85mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0006t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Totalphosphorus(P) | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 1.32mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0009t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Ammonianitrogen(NH3-N) | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 2.64mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB | 0.0019t/year | Thepollutantdischargepermitin2022isnotapproved | None |
44/26-2001)
| 44/26-2001) | ||||||||||
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Five-daybiochemicaloxygendemand | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 41.8mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.0293t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | Volatilephenol | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 0.1mg/L | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | 0.00007t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEElectricEnterprisesLtd. | Waterpollutant | pHvalue | Intermittentdischarge | 1 | PlantNo.2gateDW001 | 7.80 | LevelIIICriteriainSectionIIinTable4ofDischargeLimitsofWaterPollutantsinGuangdong(DB44/26-2001) | / | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Ammonianitrogen | Intermittentdischarge | 1 | WS-124635Industrialwastewaterdischargeoutlet | 0.188mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0070t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Totalnitrogen | Intermittentdischarge | 1 | WS-124636Industrialwastewaterdischargeoutlet | 1.85mg/L | Norequirementforlimit | 0.0290t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREE | Water | Animaland | Intermittent | 1 | WS-124637 | 0.15mg/L | LevelICriteriain | 0.0986 | Thepollutant | None |
XinyuanElectronicCo.,Ltd.
| XinyuanElectronicCo.,Ltd. | pollutant | vegetableoils | discharge | Industrialwastewaterdischargeoutlet | SecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | t/year | dischargepermitin2022isnotapproved | |||
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Animalandvegetableoils | Intermittentdischarge | 1 | Domesticsewageconnectionport?1 | 6.11mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0986t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Totalzinc | Intermittentdischarge | 1 | WS-124635Industrialwastewaterdischargeoutlet | 0.014mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0002t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Chemicaloxygendemand | Intermittentdischarge | 1 | WS-124636Industrialwastewaterdischargeoutlet | 10mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.1400t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Five-daychemicaloxygendemand | Intermittentdischarge | 1 | WS-124637Industrialwastewaterdischargeoutlet | 3.5mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0499t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronic | Waterpollutant | pHvalue | Intermittentdischarge | 1 | WS-124635Industrialwastewater | 7.3 | LevelICriteriainSecondIIofIntegrated | / | Thepollutantdischargepermitin2022isnot | None |
Co.,Ltd.
| Co.,Ltd. | dischargeoutlet | DischargeLimitsofWaterPollutants(DB44/26-2001) | approved | |||||||
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Suspendedmatter | Intermittentdischarge | 1 | WS-124636Industrialwastewaterdischargeoutlet | 4mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0629t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Totalphosphorus | Intermittentdischarge | 1 | WS-124637Industrialwastewaterdischargeoutlet | 0.01mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0002t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Petroleum | Intermittentdischarge | 1 | WS-124638Industrialwastewaterdischargeoutlet | 0.06mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0025t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Waterpollutant | Totalcopper | Intermittentdischarge | 1 | WS-124639Industrialwastewaterdischargeoutlet | 0.04mg/L | LevelICriteriainSecondIIofIntegratedDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.0006t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Particulatematter | Organizeddischarge | 1 | NorthsideofBuilding2roof | 10mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB | 1.3170t/year | Thepollutantdischargepermitin2022isnotapproved | None |
44/27-2001)
| 44/27-2001) | ||||||||||
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Particulatematter | Organizeddischarge | 1 | NorthsideofBuilding2roof | 10mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 1.3170t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Particulatematter | Organizeddischarge | 1 | NorthsideofBuilding2roof | 10mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 1.3170t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Leadanditscompounds | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.002mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0001t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Leadanditscompounds | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.002mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0001t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Tinanditscompounds | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.002mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0001t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Tinanditscompounds | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.002mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0001t/year | Thepollutantdischargepermitin2022isnotapproved | None |
ZhuhaiGREEXinyuanElectronicCo.,Ltd.
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Ammonia | Organizeddischarge | 1 | WestsideofBuilding1roof | 1.87mg/m3 | Table2ofEmissionStandardsforOdorPollutants(GB14554-93) | 0.0064t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | NMHC | Organizeddischarge | 1 | SouthsideofBuilding2roof | 1.58mg/m3 | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.1400t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Nitrogenoxide | Organizeddischarge | 1 | EastsideofBuilding2roof | 0.7mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0131t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Hydrogenchloride | Organizeddischarge | 1 | EastsideofBuilding2roof | 0.9mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0169t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Sulfuricacidmist | Organizeddischarge | 1 | EastsideofBuilding2roof | 0.2mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutantsinGuangdong(DB44/27-2001) | 0.0038t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | NorthsideofBuilding1roof | 0.0015mg/m? | Table2ofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0002t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREE | Atmospheric | Benzene | Organized | 1 | Southsideof | 0.0015mg/m? | SectionIICriteria | 0.0002 | Thepollutant | None |
XinyuanElectronicCo.,Ltd.
| XinyuanElectronicCo.,Ltd. | pollutant | discharge | Building2roof | ofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | t/year | dischargepermitin2022isnotapproved | ||||
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | NorthsideofBuilding1roof | 0.0015mg/m? | SectionIICriteriaofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0003t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Toluene | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.0015mg/m? | SectionIICriteriaofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0003t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | NorthsideofBuilding1roof | 0.0015mg/m? | SectionIICriteriaofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0002t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Xylene | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.0015mg/m? | SectionIICriteriaofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0002t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronic | Atmosphericpollutant | Totaltolueneandxylene | Organizeddischarge | 1 | NorthsideofBuilding1roof | 0.01mg/m? | SectionIICriteriaofEmissionStandardof | 0.0046t/year | Thepollutantdischargepermitin2022isnot | None |
Co.,Ltd.
| Co.,Ltd. | VolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | approved | ||||||||
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | Totaltolueneandxylene | Organizeddischarge | 1 | SouthsideofBuilding2roof | 0.01mg/m? | SectionIICriteriaofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0046t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| ZhuhaiGREEXinyuanElectronicCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | NorthsideofBuilding1roof | 0.05mg/m? | SectionIICriteriaofEmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010) | 0.0014t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | Atmosphericpollutant | NMHC | Organizeddischarge | 1 | PaintingWorkshop | 1.63mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutants(DB44/27-2001) | 0.3682t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | Atmosphericpollutant | Benzene | Organizeddischarge | 1 | ScreenPrintingWorkshop | 0.06mg/m? | LevelIICriteriainSectionIIofEmissionLimitsofAirPollutants(DB44/27-2001) | 1.0365t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | Waterpollutant | COD | Intermittentdischarge | 1 | OutsidethefuelinjectionroomofWorkshop4 | 34mg/L | LevelIILimitinSectionIIofDischargeLimitsofWaterPollutants(DB44/26-2001) | 0.000006t/year | Thepollutantdischargepermitin2022isnotapproved | None |
| Gree(Zhongshan)SmallHome | Waterpollutant | Suspendedmatter | Intermittentdischarge | 1 | OutsidethefuelinjectionroomofWorkshop4 | 14mg/L | LevelIILimitinSectionIIofDischargeLimits | 0.000001t/year | Thepollutantdischargepermitin2022isnot | None |
AppliancesCo.,Ltd.
| AppliancesCo.,Ltd. | ofWaterPollutants(DB44/26-2001) | approved | ||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Waterpollutant | Totalzinc | Continuousemission | 1 | AreaCsewagestation | 0.08mg/L | DischargeStandardWaterPollutantsforElectroplating(DB44/1597-2015) | 0.0096t/year | 0.29t/year | None |
| ZhuhaiLandaCompressorCo.,Ltd. | Waterpollutant | Totalnickel | Continuousemission | 1 | Workshopwastewaterpre-treatmentdischargeoutlet(AreaC) | 0.019mg/L | DischargeStandardWaterPollutantsforElectroplating(DB44/1597-2015) | 0.0031t/year | 0.015t/year | None |
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Electrophoresisdryingwastegasvent1 | 10.37mg/m3 | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 2.3820t/year | 2022PollutantDischargePermitApproval:Atotalof2.49t/yearofVOCsfromelectrophoresisdryingwastegas,paintingwastegas,andtoolingcoatingpaintingroomwastegas | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Electrophoresisdryingwastegasvent2 | 3.513mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 2.3820t/year | 2022PollutantDischargePermitApproval:Atotalof2.49t/yearofVOCsfromelectrophoresisdryingwastegas,paintingwastegas,andtoolingcoatingpaintingroomwastegas | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Paintingwastegasvent1 | 6.213mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 2.3820t/year | 2022PollutantDischargePermitApproval:Atotalof2.49t/yearofVOCsfromelectrophoresisdryingwastegas,paintingwastegas,andtoolingcoatingpaintingroomwastegas | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Paintingwastegasvent2 | 14.93mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 2.3820t/year | 2022PollutantDischargePermitApproval:Atotalof2.49t/yearofVOCsfromelectrophoresisdryingwastegas,paintingwastegas,andtoolingcoatingpaintingroomwastegas | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Paintingwastegasvent3 | 8.19mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 2.3820t/year | 2022PollutantDischargePermitApproval:Atotalof2.49t/yearofVOCsfromelectrophoresisdryingwastegas,paintingwastegas,andtoolingcoatingpaintingroomwastegas | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Paintingroomwastegasvent | 14.25mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 2.3820t/year | 2022PollutantDischargePermitApproval:Atotalof2.49t/yearofVOCsfromelectrophoresisdryingwastegas,paintingwastegas,andtoolingcoatingpaintingroomwastegas | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Screenprintingwastegasvent | /(Stopproduction) | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Injectionmoldingwastegasvent | 1.65mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Hydrocarboncleaningdischargeoutlet | 2.733mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Cleaningdryingwastegasvent1 | 1.428mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Cleaningdryingwastegasvent2 | 1.938mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Cleaningdryingwastegasvent3 | 19.64mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
| 9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008) | ||||||||||
| ZhuhaiLandaCompressorCo.,Ltd. | Atmosphericpollutant | TotalVOCs | Organizeddischarge | 1 | Dipcoatingwastegasvent | 2.305mg/m? | EmissionStandardofVolatileOrganicCompoundsforPrintingIndustry(DB44/815-2010)EmissionStandardofVolatileOrganicCompoundsforFurnitureManufacturingOperations(DB44/814-2010)EmissionLimitsofAirPollutants(DB44/27-2001)EmissionStandardofAirPollutantsforIndustrialKilnandFurnace(GB | 3.0250t/year | Thepollutantdischargepermitin2022isnotapproved | None |
Treatmentofpollutants
1.WastewaterpollutionpreventionandcontrolfacilitiesTheCompanyanditssubsidiariesareequippedwithcorrespondingwastewatertreatmentfacilitiesandfull-timeenvironmentalmanagement,operationandmonitoringpersonnelinaccordancewiththeenvironmentalprotectionrequirementsoftheconstructionproject.Sofar,thesystemsareinnormaloperationandsteadilymeettheemissionstandards,withoutexcessiveemissionstandards.
2.WastegaspollutionpreventionandcontrolfacilitiesThewastegaspollutionpreventionandcontrolfacilitiesoftheCompanyanditssubsidiarieswereoperatednormally,andthemonitoringindicatorsofwastegaswereincompliancewithnationalandlocalemissionstandards,withoutexcessivedischarge.
3.SolidwastetreatmentanddisposalfacilitiesTheCompanyimplementedtheclassificationandcollectionsystemofhazardouswasteandentrustedthedisposaltotheunitwiththecorrespondingdisposalqualification.Generalindustrialsolidwastewerehandedovertoresourcerecyclingmanufacturersforrecyclinganddisposalafterbeingclassifiedinthefactory,andtherewasnoillegaldisposal.Environmentself-monitoringschemeAnenvironmentalself-testingschemewasdevelopedinaccordancewiththeenvironmentalrequirements.Wastewaterpollutantsweretestedonceaday,andatmosphericpollutantsweretestedatleastonceayear.Contingencyplanforenvironmentalemergencies
9078-1996)EmissionStandardofVolatileOrganicCompoundsforSurfaceCoatingofAutomobileManufacturingIndustry(DB44/816-2010)EmissionStandardofPollutantsforElectroplating(GB21900-2008)
TheCompanyimplementedtherequirementsoftheNationalEmergencyManagementMeasuresforSuddenEnvironmentalEventsandrelevantlawsandregulations.Toensuretimely,orderly,efficient,andappropriateresponseandhandlingofsuddenenvironmentalevents,protectthepersonalsafetyofemployees,andreducepropertylosses,theCompanyanditssubsidiarieshavedevelopedemergencyplansforsuddenenvironmentaleventsandreportedthemtotheenvironmentalprotectiondepartmentforfile.Investmentinenvironmentalgovernanceandprotectionandpaymentofenvironmentalprotectiontaxes
CompanyName
| CompanyName | InvestmentinEnvironmentalProtectionandGovernance | EnvironmentalProtectionTaxesPaid | |
| 1 | GreeElectricAppliances,Inc.ofZhuhai | RMB2,744,090 | RMB44,440.89 |
| 2 | ZhuhaiGREEElectricEnterprisesLtd. | RMB680,000 | RMB6,662.10 |
| 3 | Gree(Hefei)ElectricAppliancesCo.,Ltd.. | RMB650,000 | RMB3,526.72 |
| 4 | ZhuhaiLandaCompressorCo.,Ltd. | RMB3,117,030 | RMB14,372.83 |
| 5 | ZhuhaiGREEXinyuanElectronicCo.,Ltd. | RMB486,704 | RMB945.5 |
| 6 | ZhuhaiKaibangMotorManufacturingCo.,Ltd. | RMB2,405,707 | RMB29,460.47 |
| 7 | Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | RMB1,137,000 | RMB4,200 |
Measuresandeffectstakentoreducecarbonemissionsduringthereportperiod?Applicable□NotapplicableGreeElectricAppliancesattachesgreatimportancetoenergysavingandemissionreduction,alwaysadheringtothegreenenvironmentalprotectionconceptof"makingtheskybluerandtheearthgreener",implementstheenergypolicyof"rationaluseofenergyandimprovementofenergyutilizationefficiency",establishandoperateanenergymanagementsystem,andpromotetheCompany'senergysavingthroughmanagementandtechnologicalinnovation.Takingtheenergysavingandconsumptionreductionimprovementprojectasanexample,in2022,theCompanycarriedoutsignificantenergy-savingtechnologyandmanagementimprovementprojectssuchasenergyefficiencyimprovementandprecisionendcontrolimprovementoftheairconditioningsystem,optimizationandimprovementofhumidificationmethodincontrollerworkshop,optimizationandimprovementofsupermagneticscrewcompressortesting,intelligentfrequencyregulationimprovementoftwodryersandupgradingandimprovementofnaturallightingsystemintheworkshop,whichsaved2,630tonsofstandardcoalandreducedapproximately8,985tonsofcarbondioxideemissions,achievinggoodenergy-savingandemissionreductionresults.Administrativepenaltiesforenvironmentalproblemsduringthereportperiod
| NameofCompanyorSubsidiary | ReasonforPenalty | Violation | PenaltyResults | ImpactontheProductionandOperationofListedCompanies | TheCompany'sCorrectiveMeasures |
| / | / | / | / | / | / |
Otherenvironmentalinformationthatshouldbedisclosed
NoneOtherenvironmentalrelatedinformationNone
II.Socialresponsibility(http://www.cninfo.com.cn/new/index)GreeElectricAppliancesactivelyfulfilleditssocialresponsibilities,effectivelysafeguardedthelegitimaterightsandinterestsofallstakeholders,useditsstrengthtowintherecognitionofthecapitalmarketandconsumermarketforitsenterprises,brandandproducts,anduseditsactionstopromotethegreenandlow-carbondevelopmentoftheindustry(fordetails,pleaserefertothe2022SocialResponsibilityReportpublishedonCNINFO(http://www.cninfo.com.cn/new/index)onApril29,2023).III.Consolidationandexpansionofachievementsinpovertyalleviationandruralrevitalization
None
SectionVIImportantMatters
I.Fulfillmentofcommitments
1.Commitmentsfulfilledbytheactualcontroller(s),shareholders,relatedparties,acquirers,andtheCompanywithinthereportperiodandcommitmentsnotyetfulfilledbytheendofthereportperiod?Applicable□Notapplicable
ReasonforCommitment
| ReasonforCommitment | CommitmentParty | CommitmentType | CommitmentContent | CommittedTime | CommitmentPeriod | Fulfillment |
| Commitmentsintheacquisitionreportorequitychangereport | ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) | Sharesalerestrictioncommitment | 1.TheTransfereecommitstolockupallGreesharesacquiredasaresultofthetransferuponcompletionoftheregistrationofthetransferandnottotransferthemfor36monthsfromthedateofcompletionoftheregistrationofthetransfer;iftherearerelevantlawsandregulationsrequiringthelock-upperiodofthetransferredsharestoexceedtheabovelock-upperiodcommittedbytheTransferee,theTransfereeagreestoextendthelock-upperiodofthesharesaccordinglytocomplywiththeprescribedperiod.2.Uponcompletionofthissharetransfer,theTransfereeshallcomplywiththeabovesharelock-upundertakingforthesharesacquiredbytheTransfereeasaresultofthesharebonusandcapitalincreaseofthelistedcompany. | December2,2019 | January23,2023 | Inprogress |
| Commitmentsintheacquisitionreportorequitychangereport |
ZhuhaiMingjunInvestmentPartnership(LimitedPartnership);ZhuhaiXianyingEquityInvestmentPartnership(LimitedPartnership);ZhuhaiYuxiuInvestmentCo.,
| Maintainindependenceoflistedcompanies | LetterofCommitmentonMaintainingtheIndependenceofListedCompanies:Toensuretheindependentoperationofthelistedcompanyafterthisequitytransfer,ZhuhaiMingjun,ZhuhaiXianying,andZhuhaiYuxiumakethefollowingcommitments:(I)Toensureassetindependenceandcompletenessofthelistedcompany:1.ToensurethatGreeElectricApplianceswillbeequippedwiththerelevantproductionsystem,auxiliaryproductionsystemaswellassupportingfacilitiesrelatedtoitsbusinessoperations,havetherighttoownorusetheland,workshopandmachinesandfacilitiesrelatingtoitsbusinessoperationsaswellastheownershiporuserighttoitstrademarks,patenttechnologiesandknow-how,andhaveanindependentpurchasesystemofrawmaterialsandsalessystemofproducts.2.ToensurethatGreeElectricApplianceshasindependentandcompleteassets,andallofitsassetsareunderthecontrolofGreeElectricAppliancesandareindependentlyownedand | December2,2019 | Long-termeffective | Inprogress |
Ltd.
| Ltd. | operatedbyGreeElectricAppliances.3.ToensurethatZhuhaiMingjunandotherenterprisescontrolledbyZhuhaiMingjunwillnotillegallyoccupytheassetsofGreeElectricAppliancesinanyway;andwillnotusetheassetsofGreeElectricAppliances,orprovideguaranteeforthedebtsofZhuhaiMingjunandotherenterprisesunderitscontrolwithGreeElectricAppliances'assets.(II)Toensuretheindependenceofthepersonnelofthelistedcompany:1.Toensurethatthelabor,personnelandremunerationmanagementofGreeElectricAppliancesiscompletelyindependentfromitsaffiliatedenterprises.2.Therecommendationofdirectors,supervisorsandseniorexecutivesbytheenterprisetoGreeElectricAppliancesismadethroughlegalproceduresanddoesnotsurpassthedecisionsonpersonnelappointmentandremovalmadebytheBoardofDirectorsandtheGeneralMeetingofShareholdersofGreeElectricAppliances.(III)Toensurethefinancialindependenceofthelistedcompany:1.ToensurethatGreeElectricApplianceswillestablishanindependentfinancialdepartmentandanindependentfinancialaccountingsystem,andwillhaveastandardizedandindependentfinancialaccountingsystem.2.ToensurethatGreeElectricApplianceswillopenbankaccountsindependentlyandwillnotsharebankaccountswithitsaffiliatedenterprises.3.ToensurethatthefinancialpersonnelofGreeElectricApplianceswillnotworkpart-timeinitsaffiliatedcompanies.4.ToensurethatGreeElectricAppliancespaystaxesindependentlyinaccordancewiththelaw.5.ToensurethatGreeElectricAppliancescanmakeindependentfinancialdecisionsandthattheintendedTransfereewillnotillegallyinterferewithGreeElectricAppliances'sfundutilizationandscheduling.(IV)Toensuretheindependenceofunitsofthelistedcompany:1.ToensurethatGreeElectricApplianceswillestablishasoundcorporategovernancestructureandwillhaveanindependentandcompleteorganizationalstructure.2.ToensurethattheinternalmanagementbodiesofGreeElectricApplianceswillexercisetheirpowersandfunctionsindependentlyinaccordancewithlaws,regulationsandtheArticlesofAssociationoftheCompany.(V)Toensurethebusinessindependenceofthelistedcompany:1.ToensurethatGreeElectricApplianceswillhavetheassets,personnel,qualificationandabilitytocarryoutbusinessactivitiesindependentlyandwillhavetheabilitytooperateindependentlyandcontinuouslyinthemarket.2.ToensurenottointerferewiththebusinessactivitiesofGreeElectricAppliancesexceptthroughtheexerciseofshareholders'rights.3.ToensuretheenterpriseandotherenterprisesunderitscontrolshallavoidhorizontalcompetitionwithGreeElectricAppliances.4.Toensurethat,whentheenterpriseandotherenterprisesunderitscontrolconduct |
necessaryandunavoidableaffiliatetransactionswithGreeElectricAppliances,theenterprisewillconductfairoperationinaccordancewiththemarketizationprincipleandatfairprices,andperformtransactionproceduresandinformationdisclosureobligationsinaccordancewithrelevantlawsandregulationsandregulatorydocuments.Ifanyoneoftheabovecommitmentsisviolated,theenterprisewillbewillingtobearalltheliabilitiesarisingtherefrom,andfullycompensateorreimbursealldirectorindirectlossescausedtoGreeElectricAppliances.
| necessaryandunavoidableaffiliatetransactionswithGreeElectricAppliances,theenterprisewillconductfairoperationinaccordancewiththemarketizationprincipleandatfairprices,andperformtransactionproceduresandinformationdisclosureobligationsinaccordancewithrelevantlawsandregulationsandregulatorydocuments.Ifanyoneoftheabovecommitmentsisviolated,theenterprisewillbewillingtobearalltheliabilitiesarisingtherefrom,andfullycompensateorreimbursealldirectorindirectlossescausedtoGreeElectricAppliances. | ||||||
| Commitmentsintheacquisitionreportorequitychangereport | ZhuhaiMingjunInvestmentPartnership(LimitedPartnership);ZhuhaiXianyingEquityInvestmentPartnership(LimitedPartnership);ZhuhaiYuxiuInvestmentCo.,Ltd. | Commitmentonavoidinghorizontalcompetition | LetterofCommitmentonAvoidingHorizontalCompetition:Toavoidhorizontalcompetitionwithlistedcompany,ZhuhaiMingjun,ZhuhaiXianying,andZhuhaiYuxiumakethefollowingcommitments:1.Theenterpriseandotherenterprisesunderitscontrol,thecontrollingshareholderandactualcontrolleroftheenterprisewillnotengageinthesameorsimilarbusinesswithGreeElectricAppliancesanditssubsidiariesinadirectorindirectmannerinthefuture,soastoavoidpossibledirectorindirectbusinesscompetitionwithGreeElectricAppliancesanditssubsidiaries.2.Ifotherenterprisesunderthecontroloftheenterprisefurtherexpandtheirbusinessscope,theotherenterprisesunderthecontroloftheenterprisewilltakeallpossiblemeasurestoavoidhorizontalcompetitionwithGreeElectricAppliancesanditssubsidiariesontheprincipleofgivingprioritytosafeguardingtherightsandinterestsofGreeElectricAppliances.3.IfGreeElectricAppliancesanditssubsidiariesorrelatedregulatoryauthoritiesdeterminethattheenterpriseandotherenterprisesunderitscontrolareengaginginorwillengageinanybusinesswhichconstituteshorizontalcompetitionwithGreeElectricAppliancesanditssubsidiaries,theenterprisewillgiveuporurgetheenterprise'sdirectorindirectholdingcompanytogiveupanybusinessorbusinessopportunitiesthatmayresultinhorizontalcompetition,orurgesuchbusinessorbusinessopportunitiestobeprovidedwithaprioritytoGreeElectricAppliancesoritswholly-ownedandholdingsubsidiariesonafairandreasonablebasisortobetransferredtootherunrelatedthirdparties.4.Ifanyoneoftheabovecommitmentsisviolated,theenterprisewillbewillingtobearalltheliabilitiesarisingtherefrom,andfullycompensateorreimbursealldirectorindirectlossescausedtoGreeElectricAppliances. | December2,2019 | Long-termeffective | Inprogress |
| Commitmentsintheacquisitionreportorequitychangereport | ZhuhaiMingjunInvestmentPartnership(Limited | Commitmentonstandardizingtheaffiliated | LetterofCommitmentonStandardizingtheAffiliatedTransactions:Inordertosafeguardtheinterestsofpublicshareholdersandmaintainthesustainableandhealthydevelopmentofthelistedcompany,ZhuhaiMingjun,ZhuhaiXianying,andZhuhaiYuxiumakethefollowingcommitments: | December2,2019 | Long-termeffective | Inprogress |
Partnership);ZhuhaiXianyingEquityInvestmentPartnership(LimitedPartnership);ZhuhaiYuxiuInvestmentCo.,Ltd.
| Partnership);ZhuhaiXianyingEquityInvestmentPartnership(LimitedPartnership);ZhuhaiYuxiuInvestmentCo.,Ltd. | transactions | 1.ToensurethatthefutureaffiliatedtransactionsbetweentheenterpriseandotherenterprisesunderitscontrolandGreeElectricApplianceswillbefairandconductedinaccordancewiththenormalcodeofbusinessconduct;andtheenterprisecommittofurtherregulateaffiliatedtransactionswithGreeElectricAppliancesanditssubsidiaries.2.TheenterprisewillperformitsobligationsasashareholderofGreeElectricAppliancesingoodfaithandingoodwill,andforaffiliatedtransactionsthatcannotbeavoidedorexistonreasonablegrounds,itwillsignastandardaffiliatedtransactionagreementwithGreeElectricAppliancesinaccordancewiththelaw,andfulfilltheapprovalproceduresinaccordancewithrelevantlaws,regulations,rules,otherregulatorydocumentsandtheArticlesofAssociation;thepriceofaffiliatedtransactionswillbedeterminedinaccordancewithfairandreasonablemarketprices,andthepriceofaffiliatetransactionswillbefair;itwillperformtheinformationdisclosureobligationsofaffiliatedtransactionsinaccordancewithrelevantlaws,regulationsandtheArticlesofAssociation;itwillnotuseaffiliatedtransactionstoillegallytransferthefundsandprofitsofGreeElectricAppliancesordamagetheinterestsofGreeElectricAppliancesandaffiliatedshareholders.3.Toensurethattheenterpriseandotherenterprisesunderitscontrolwill,inaccordancewiththeprovisionsoflaws,regulationsandtheArticlesofAssociation,whendeliberatingaffiliatedtransactionsinvolvingtheenterpriseandotherenterprisesunderitscontrol,effectivelyabidebytheavoidanceprocedureduringthevotingonaffiliatedtransactionsatthemeetingoftheboardofshareholdersorthegeneralmeetingofshareholdersofGreeElectricAppliances. | ||||
| Commitmentsintheacquisitionreportorequitychangereport | DongMingzhu | Maintainindependenceoflistedcompanies | LetterofCommitmentonMaintainingtheIndependenceoftheListedCompany:Toensuretheindependentoperationofthelistedcompanyafterthisequitytransfer,Imakethefollowingcommitments:(I)Toensureassetindependenceandcompletenessofthelistedcompany:1.ToensurethatGreeElectricApplianceswillbeequippedwiththerelevantproductionsystem,auxiliaryproductionsystemaswellassupportingfacilitiesrelatedtoitsbusinessoperations,havetherighttoownorusetheland,workshopandmachinesandfacilitiesrelatingtoitsbusinessoperationsaswellastheownershiporuserighttoitstrademarks,patenttechnologiesandknow-how,andhaveanindependentpurchasesystemofrawmaterialsandsalessystemofproducts.2.ToensurethatGreeElectricApplianceshasindependentandcompleteassets,andallofitsassetsareunderthecontrolofGreeElectricAppliancesandareindependentlyownedandoperatedbyGreeElectricAppliances.3.ToensurethatZhuhaiMingjunandotherenterprisescontrolledbyZhuhaiMingjunwillnotillegallyoccupytheassetsof | December2,2019 | Long-termeffective | Inprogress |
GreeElectricAppliancesinanyway;andwillnotusetheassetsofGreeElectricAppliances,orprovideguaranteeforthedebtsofZhuhaiMingjunandotherenterprisesunderitscontrolwithGreeElectricAppliances'assets.(II)Toensuretheindependenceofthepersonnelofthelistedcompany:1.Toensurethatthelabor,personnelandremunerationmanagementofGreeElectricAppliancesiscompletelyindependentfromitsaffiliatedenterprises.2.TherecommendationofseniorexecutivesbymetoGreeElectricAppliancesisconductedinaccordancewithlegalprocedures.(III)Toensurethefinancialindependenceofthelistedcompany:1.ToensurethatGreeElectricApplianceswillestablishanindependentfinancialdepartmentandanindependentfinancialaccountingsystem,andwillhaveastandardizedandindependentfinancialaccountingsystem.2.ToensurethatGreeElectricApplianceswillopenbankaccountsindependentlyandwillnotsharebankaccountswithitsaffiliatedenterprises.3.ToensurethatthefinancialpersonnelofGreeElectricApplianceswillnotworkpart-timeinitsaffiliatedcompanies.4.ToensurethatGreeElectricAppliancespaystaxesindependentlyinaccordancewiththelaw.5.ToensurethatGreeElectricAppliancescanmakeindependentfinancialdecisionsandthattheintendedTransfereewillnotillegallyinterferewithGreeElectricAppliances'sfundutilizationandscheduling.(IV)Toensuretheindependenceofunitsofthelistedcompany:1.ToensurethatGreeElectricApplianceswillestablishasoundcorporategovernancestructureandwillhaveanindependentandcompleteorganizationalstructure.2.ToensurethattheinternalmanagementbodiesofGreeElectricApplianceswillexercisetheirpowersandfunctionsindependentlyinaccordancewithlaws,regulationsandtheArticlesofAssociationoftheCompany.(V)Toensurethebusinessindependenceofthelistedcompany:1.ToensurethatGreeElectricApplianceswillhavetheassets,personnel,qualificationandabilitytocarryoutbusinessactivitiesindependentlyandwillhavetheabilitytooperateindependentlyandcontinuouslyinthemarket.2.Toensurethat,exceptthroughtheexerciseofshareholders'rightsandtheperformanceoffunctionsanddutiesofChairman/seniorexecutiveofthelistedcompany,IwillnotinterfereinthebusinessactivitiesofGreeElectricAppliances.3.ToensurethatIandotherenterprisesundermycontrolwillavoidsubstantialhorizontalcompetitionwithGreeElectricAppliances.4.Toensurethat,whenconductingnecessaryandunavoidableaffiliatedtransactionswithGreeElectricAppliances,Iandotherenterprisesundermycontrolwillconductfairoperationinaccordancewiththemarketizationprincipleandatfairprices,andperformtransactionproceduresandinformation
disclosureobligationsinaccordancewithrelevantlawsandregulationsandregulatorydocuments.Ifanyoneoftheabovecommitmentsisviolated,Iwillbewillingtobearalltheliabilitiesarisingtherefrom,andfullycompensateorreimbursealldirectorindirectlossescausedtoGreeElectricAppliances.
| disclosureobligationsinaccordancewithrelevantlawsandregulationsandregulatorydocuments.Ifanyoneoftheabovecommitmentsisviolated,Iwillbewillingtobearalltheliabilitiesarisingtherefrom,andfullycompensateorreimbursealldirectorindirectlossescausedtoGreeElectricAppliances. | ||||||
| Commitmentsintheacquisitionreportorequitychangereport | DongMingzhu | Avoidinghorizontalcompetition | LetterofCommitmentonAvoidingHorizontalCompetition:Imakethefollowingcommitments:1.IandotherenterprisesundermycontrolwillnotengageinthesameorsimilarbusinesswithGreeElectricAppliancesanditssubsidiariesinadirectorindirectmannerinthefuture,soastoavoidpossibledirectorindirectbusinesscompetitionwithGreeElectricAppliancesanditssubsidiaries.2.Ifotherenterprisesundermycontrolfurtherexpandtheirbusinessscope,theotherenterprisesundermycontrolwilltakeallpossiblemeasurestoavoidhorizontalcompetitionwithGreeElectricAppliancesanditssubsidiariesontheprincipleofgivingprioritytosafeguardingtherightsandinterestsofGreeElectricAppliances.3.IfGreeElectricAppliancesanditssubsidiariesorrelatedregulatoryauthoritiesdeterminethatIandotherenterprisesunderbycontrolareengaginginorwillengageinanybusinesswhichconstituteshorizontalcompetitionwithGreeElectricAppliancesanditssubsidiaries,Iwillgiveuporurgemydirectorindirectholdingcompanytogiveupanybusinessorbusinessopportunitiesthatmayresultinhorizontalcompetition,orurgesuchbusinessorbusinessopportunitiestobeprovidedwithaprioritytoGreeElectricAppliancesoritswholly-ownedandholdingsubsidiariesonafairandreasonablebasisortobetransferredtootherunrelatedthirdparties.4.Ifanyoneoftheabovecommitmentsisviolated,Iwillbewillingtobearalltheliabilitiesarisingtherefrom,andfullycompensateorreimbursealldirectorindirectlossescausedtoGreeElectricAppliances. | December2,2019 | Long-termeffective | Inprogress |
| Commitmentsintheacquisitionreportorequitychangereport | DongMingzhu | Standardizingaffiliatedtransactions | LetterofCommitmentonStandardizingtheAffiliatedTransactions:Imakethefollowingcommitments:1.ToensurethatthefutureaffiliatedtransactionsbetweenmeandotherenterprisesundermycontrolandGreeElectricApplianceswillbefairandconductedinaccordancewiththenormalcodeofbusinessconduct;andthatIcommittofurtherstandardizeaffiliatedtransactionswithGreeElectricAppliancesanditssubsidiaries.2.IwillperformmyobligationsasashareholderofGreeElectricAppliancesingoodfaithandingoodwill,andforaffiliatedtransactionsthatcannotbeavoidedorexistonreasonablegrounds,IwillsignastandardaffiliatedtransactionagreementwithGreeElectricAppliancesinaccordancewiththelaw,andfulfilltheapprovalproceduresinaccordancewithrelevantlaws,regulations,rules,otherregulatorydocumentsandtheArticlesofAssociation;thepriceofaffiliatedtransactionswillbedeterminedinaccordancewithfairand | December2,2019 | Long-termeffective | Inprogress |
reasonablemarketprices,andthepriceofaffiliatetransactionswillbefair;Iwillperformtheinformationdisclosureobligationsofaffiliatedtransactionsinaccordancewithrelevantlaws,regulationsandtheArticlesofAssociation;IwillnotuseaffiliatedtransactionstoillegallytransferthefundsandprofitsofGreeElectricAppliancesordamagetheinterestsofGreeElectricAppliancesandaffiliatedshareholders.3.ToensurethatIandotherenterprisesundermycontrolwill,inaccordancewiththeprovisionsoflaws,regulationsandtheArticlesofAssociation,whendeliberatingaffiliatedtransactionsinvolvingmeandotherenterprisesundermycontrol,effectivelyabidebytheavoidanceprocedureduringthevotingonaffiliatedtransactionsatthemeetingoftheboardofshareholdersorthegeneralmeetingofshareholdersofGreeElectricAppliances.
| reasonablemarketprices,andthepriceofaffiliatetransactionswillbefair;Iwillperformtheinformationdisclosureobligationsofaffiliatedtransactionsinaccordancewithrelevantlaws,regulationsandtheArticlesofAssociation;IwillnotuseaffiliatedtransactionstoillegallytransferthefundsandprofitsofGreeElectricAppliancesordamagetheinterestsofGreeElectricAppliancesandaffiliatedshareholders.3.ToensurethatIandotherenterprisesundermycontrolwill,inaccordancewiththeprovisionsoflaws,regulationsandtheArticlesofAssociation,whendeliberatingaffiliatedtransactionsinvolvingmeandotherenterprisesundermycontrol,effectivelyabidebytheavoidanceprocedureduringthevotingonaffiliatedtransactionsatthemeetingoftheboardofshareholdersorthegeneralmeetingofshareholdersofGreeElectricAppliances. | ||||||
| Commitmentsintheacquisitionreportorequitychangereport | ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) | Othercommitments | 1.TheTransfereecommitsthatitwillmaintaintheoverallstabilityofthemanagementteamofGreeElectricApplianceswithinthescopeofitsauthorityuponcompletionofthetransferandthattherewillbenosignificantchangesinthegovernancestructureofGreeElectricAppliances.2.TheTransfereecommitsnottoinitiateanysuggestionorproposaltorelocatetheheadquartersandregisteredofficeofGreeElectricAppliancesfromZhuhaiduringtheperiodofdirectorindirectshareholdingofGreeElectricAppliances,andtoactivelyurgeallpartiestoensurethattheheadquartersandregisteredofficeofGreeElectricApplianceswillnotberelocatedfromZhuhai;ifanyshareholderproposesanysuggestionorproposaltorelocatetheheadquartersandregisteredofficeofGreeElectricAppliancesfromZhuhai,theTransfereecommitstoattendtheshareholders'meetingandtovoteagainstsuchproposal.3.TheTransfereecommitstomakeitsbesteffortandabilitytomakeeffectiveindustrialinvestmentandstrategicresourceintroductionfortheeconomicdevelopmentofZhuhai,andtopromoteGreetomakenewcontributionstothesustainableandhealthyeconomicdevelopmentofZhuhai.4.ZhuhaiMingjuncommitstoactivelyexercisetheshareholders'votingrightattheshareholders'meetingofthelistedcompanyinvolvingdividendpaymentandtourgeitsnominateddirectorstovoteinfavoroftheresolutionoftheBoardofDirectorsonthedividendpaymentratioofnotlessthan50%oftheannualnetprofitofthelistedcompany. | December2,2019 | Long-termeffective | Inprogress |
| Equityincentivecommitment | ZhuhaiGreeGroupCo.,Ltd. | Othercommitments | DuringtheperiodofholdingsharesofGreeElectricAppliances,theCompanywillfullyassumeallreasonableexpensesandeconomiclosses(ifany)incurredbyGreeElectricApplianceduetotheCompany'sterminationoftheResidualEquityIncentivePlan. | June14,2019 | DuringtheperiodofbeingashareholderofGreeElectricAppliances | Inprogress |
Whethercommitmentsarefulfilledontime
| Whethercommitmentsarefulfilledontime | Yes |
| Ifcommitmentsarenotfulfilledwithinthedeadline,detailthespecificreasonforfulfillmentfailureandtheworkplanforthenextstep | Notapplicable |
2.TheCompany'sassetsorprojectsinvolveearningsforecastandthereportperiodisstillintheearningsforecastperiodandtheCompanyexplainstheassetsorprojectsthatachievetheoriginalearningsforecastandtherelevantreasons
□Applicable?NotApplicable
II.Thelistedcompany'snon-operatingfundsoccupiedbythecontrollingshareholdersandtheiraffiliatedparties
□Applicable?NotApplicableNocontrollingshareholderoritsaffiliatedpartyoccupiednon-operatingfundsofthelistedcompanyinthereportperiodoftheCompany.
III.Violationofexternalguarantees
□Applicable?NotApplicableTheCompanyhasnoviolationofexternalguaranteesduringthereportperiod.
IV.StatementbytheBoardofDirectorsonthelatest"Non-standardAuditReport"
□Applicable?NotApplicable
V.StatementbytheBoardofDirectors,BoardofSupervisorsandindependentdirectors(ifany)onthe"Non-standardAuditReport"oftheaccountingfirminthereportperiod
□Applicable?NotApplicable
VI.Descriptionofchangesinaccountingpolicies,accountingestimatesorcorrectionsofmaterialaccountingerrorscomparedtothepreviousyear'sfinancialstatements?Applicable□NotapplicableOnDecember31,2021,theMinistryofFinanceissuedtheAccountingStandardsforEnterprisesInterpretationNo.15(hereinafterreferredtoas"InterpretationNo.15").AccordingtoInterpretationNo.15:
a.IftheCompanysellsproductsorby-productsproducedbeforethefixedassetsreachtheirintendedusablestateorduringtheR&Dprocess,therevenueandcostsrelatedtotrialoperationsalesareaccountedforseparatelyinaccordancewiththeAccountingStandardsforEnterprisesNo.14?RevenuesandAccountingStandardsforEnterprisesNo.1?Inventoriesandincludedinthecurrentprofitsandlosses,insteadofoffsettingthenetamountafteroffsettingrelatedcostsfromtrialsalesrevenueagainstfixedassetscostorR&Dexpenditure,anditwillbeimplementedonJanuary1,2022.Thechangeinaccountingpolicydidnothaveasignificantimpactonthefinancialindicatorsincludingtotalassets,totalliabilities,netassetsandnetprofitsoftheCompany.b.The"costofperformingthecontract"consideredbytheCompanywhendeterminingwhetherthecontractisanonerouscontractincludesnotonlytheincrementalcost(directlabor,directmaterials,etc.)ofperformingthecontract,butalsotheallocationamount(depreciationexpenseallocationamountforfixedassetsusedtofulfillthecontract)ofothercostsdirectlyrelatedtoperformingthecontract,whichwillbeimplementedfromJanuary1,2022.AccordingtotheprovisionsofInterpretationNo.15,forcontractsthathavenotyetfulfilledallobligationsonthefirstimplementationdateofJanuary1,2022,thecumulativeimpactisadjustedtotheretainedearningsandotherrelatedfinancialstatementitemsatthebeginningof2022,andthecomparativefinancialstatementdatain2021isnotadjusted.Thechangeinaccountingpolicydidnothaveasignificantimpactonthefinancialindicatorsincludingtotalassets,totalliabilities,netassetsandnetprofitsoftheCompany.VII.Descriptionofchangesintheconsolidatedstatementscopeincomparisonwiththefinancialstatementsoflastyear
?Applicable□Notapplicable
1.BusinesscombinationnotundercommoncontrolBusinesscombinationnotundercommoncontrolinthecurrentperiod
Unit:yuan
NameoftheAcquiree
| NameoftheAcquiree | TimePointofEquityAcquisition | EquityAcquisitionCost | EquityAcquisitionProportion | EquityAcquisitionMethod | AcquisitionDate | BasisforDeterminingthe | OperatingRevenuefromtheAcquisitionDatetotheStatementDate | NetProfitsfromtheAcquisitionDatetotheStatementDate |
Acquisition
Date
| AcquisitionDate | ||||||||
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | 2022/4/30 | 2,423,031,350.00 | 29.48% | Purchasebycash | 2022/4/30 | Acquisitionofcontrol | 7,124,335,200.38 | 719,774,347.64 |
2.Disposalofsubsidiaries
Unit:yuan
| CompanyName | EquityDisposalPrice | EquityDisposalProportion(%) | EquityDisposalMethod | TimePointofLosingControl | BasisforDeterminingtheTimePointofLosingControl | TheDifferenceBetweentheDisposalPriceandtheShareoftheSubsidiaries'NetAssetsattheLevelofConsolidatedStatementsCorrespondingtotheDisposalInvestment | ProportionofRemainingEquityontheDateofLosingControl(%) | BookValueofRemainingEquityontheDateofLosingControl | FairValueofRemainingEquityontheDateofLosingControl | GainsorLossesArisingfromRemeasurementofRemainingEquityatFairValue | DeterminationMethodsandMainAssumptionsoftheFairValueoftheRemainingEquityontheDateofLosingControl | AmountofOtherComprehensiveIncomeRelatedtoEquityInvestmentoftheOriginalSubsidiaryTransferredintoInvestmentProfitsandLosses |
| ShanxiYinlongGuangtongNewEnergyVehicleSalesCo.,Ltd. | 100.00 | Cancelled | 2022/11/8 | Businessregistration | -317,466.94 | None | ||||||
| Songliang(Shenzhen)SouthChinaAgriculturalDevelopmentCo.,Ltd. | 100.00 | Cancelled | 2022/7/28 | Businessregistration | -165,104.22 | None |
3.ChangeofcombinationscopeforotherreasonsNewlyestablishedentityinthecurrentperiod
Unit:yuan
CompanyName
| CompanyName | DateofEstablishment | NetAssetsattheEndofthePeriod | NetProfitfromtheCombinationDatetotheEndofthePeriod |
| PinquanGreeAltairnanoNewEnergyCo.,Ltd. | 2022/2/16 | 2,009,569.41 | -390,430.59 |
| GreeElectromechanicalEngineering(Luoyang)Co.,Ltd. | 2022/3/28 | 31,454,357.36 | 1,454,357.36 |
| GreeElectromechanicalEngineering(Xinzhou)Co.,Ltd. | 2022/6/20 | 20,701,097.80 | 20,701,097.80 |
| ZhuhaiGreeElectronicComponentsCo.,Ltd. | 2022/7/6 | 96,101,744.50 | -3,898,255.50 |
| MingruidaSupplyChainTechnology(Linyi)Co.,Ltd. | 2022/08/12 | -110.22 | -110.22 |
| TielingFengyuAgriculturalTechnologyCo.Ltd. | 2022/08/16 | 225,574.59 | 125,574.59 |
| TianjinGreeRenewableResourcesRecyclingCo.,Ltd. | 2022/10/27 | 10,019,500.43 | -499.57 |
| ZhuhaiGreePrefabricatedVegetableEquipmentTechnologyDevelopmentCo.,Ltd. | 2022/12/8 | ||
| ZhuhaiGreeDigitalTechnologyCo.,Ltd. | 2022/12/21 | 50,000,000.15 | 0.15 |
VIII.Engagementanddisengagementofaccountingfirms
Accountingfirmcurrentlyemployed
| Nameofdomesticaccountingfirm | UnionPowerCertifiedPublicAccountants(SpecialGeneralPartnership) |
| Remunerationforthedomesticaccountingfirm(10,000yuan) | 396 |
| Consecutiveyearsforthedomesticaccountingfirmtorenderauditservice | 8years |
| NameofCertifiedPublicAccountantsofthedomesticaccountingfirm | WuZihaoandQiuYiwu |
| ConsecutiveyearsfortheCertifiedPublicAccountantsofdomesticaccountingfirmtorenderauditservice | 1year,2years |
Whetheranewaccountingfirmwashiredforthecurrentperiod
□Yes?No
Engagementofanaccountingfirmforinternalcontrolauditing,financialadviserorsponsor?Applicable□NotapplicableDuringtheyear,theCompanyhiredUnionPowerCPAsCo.,Ltd.(SpecialGeneralPartnership)asitsinternalcontrolaccountingfirm.
IX.DelistingafterdisclosureoftheAnnualReport
□Applicable?NotApplicableX.Mattersrelatedtobankruptcyreorganization
□Applicable?NotApplicableTheCompanywasnotinvolvedinanymatterrelatedtobankruptcyreorganizationinthereportperiod.XI.Majorlegalactionorarbitration
□Applicable?NotApplicableTheCompanywasnotinvolvedinanymajorlegalactionorarbitrationforthereportperiod.
XII.Punishmentandrectification
□Applicable?NotApplicableTheCompanywasnotinvolvedinanypunishmentorrectificationduringthereportperiod.
XIII.IntegritystatusoftheCompanyanditscontrollingshareholder(s)andactualcontroller(s)
□Applicable?NotApplicableXIV.Significantaffiliatedtransactions
1.Affiliatedtransactionsassociatedwithday-to-dayoperation?Applicable□Notapplicable
PartiestoAffiliatedTransactions
| PartiestoAffiliatedTransactions | Association | TypeofAffiliatedTransaction | ContentofAffiliatedTransactions | PricingPrinciplesforAffiliatedTransactions | PriceofAffiliatedTransactions | AmountofAffiliatedTransactions(10,000yuan) | ProportiontoAmountofSimilarTransactions | ApprovedTransactionAmount(10,000yuan) | WhetheritExceedstheApprovedLimit | SettlementMethodofAffiliatedTransactions | AvailableMarketPriceofSimilarTransactions | DateofDisclosure | DisclosureIndex |
| ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | CompanieswheredirectorsoftheCompanyactasexecutivedirectorsandgeneralmanagers | Saleofgoods | Saleofproducts | Basedonthemarketprice,tobedeterminedsubjecttothenegotiationbetweentwoparties | Marketprice | 573,188.91 | 3.74% | 460,000 | No | Paymentbeforedelivery | Marketprice | April30,2022 | DisclosedonApril30,2022onCNINFO(www.cninfo.com.cn)AnnouncementNo.:2022-025 |
| HenanShengshiXinxingGreeTradeCo.,Ltd. | CompanieswheredirectorsoftheCompanyactasexecutivedirectors | Saleofgoods | Saleofproducts | Basedonthemarketprice,tobedeterminedsubjecttothenegotiationbetweentwoparties | Marketprice | 414,211.47 | 2.70% | 400,000 | No | Paymentbeforedelivery | Marketprice | April30,2022 | DisclosedonApril30,2022onCNINFO(www.cninfo.com.cn)AnnouncementNo.:2022-025 |
| Total | -- | -- | 987,400.38 | -- | 860,000 | -- | -- | -- | -- | -- | |||
| Detailsoflarge-amountsalesreturn | Notapplicable | ||||||||||||
| Actualfulfillment(ifany)inthereportperiod | Inthefiscalyear2022,thetotalamountofdailyaffiliatedtransactionsbetweentheCompanyandtheaforementionedrelatedpartieswasexpectedtonotexceedRMB8.6billion.Inthefiscalyear2023,thetotalamountofdailyaffiliatedtransactionsbetweentheCompanyand | ||||||||||||
whenthetotalamountisestimatedbycategoryforthedailyaffiliatedtransactionthatwillincurinthecurrentperiod
| whenthetotalamountisestimatedbycategoryforthedailyaffiliatedtransactionthatwillincurinthecurrentperiod | theaforementionedaffiliatedpartiesisexpectedtonotexceedRMB9billion,andthetotalamountexpectedtoincurisexpectedtonotexceedRMB17.6billion.Theactualamountincurredinthefiscalyear2022wasRMB9,874million,andasofMarch31,2023,theactualamountincurredinthefiscalyear2023isexpectedtobeRMB6,342million,totalingRMB16,216millionyuan,whichdidnotexceedtheexpectedamount.Whenmakingdailyaffiliatedtransactionestimates,theCompanyfullyconsidersthepossibilityofaffiliatedtransactionsoftheaffiliatedparties,buttheactualamountofaffiliatedtransactionsistheresultofacombinationoffactorssuchasactualmarketdemandandbusinessdevelopment. |
| Causeforthelargedifferencebetweentransactionpriceandmarketreferenceprice(ifapplicable) | Notapplicable |
2.Affiliatedtransactionsofacquisitionorsalesofassetsorequity
□Applicable?NotApplicableTheCompanywasnotinvolvedinanyaffiliatedtransactionofacquisitionorsalesofassetsorequityinthereportperiod.
3.Affiliatedtransactionsofcommonforeigninvestment
□Applicable?NotApplicableTheCompanywasnotinvolvedinanyaffiliatedtransactionofcommonforeigninvestmentduringthereportperiod.
4.Affiliatedcreditsandliabilities
□Applicable?NotApplicableTheCompanywasnotinvolvedinanyaffiliatedcreditorliabilityinthereportperiod.
5.TransactionswithfinancecompanieswithwhichtheCompanywithassociation
□Applicable?NotApplicableThereisnodeposit,loan,creditorotherfinancialbusinessbetweentheCompanyanditsaffiliatedfinancialcompaniesandtheaffiliatedparties
6.TransactionsbetweenthefinancialcompanyundertheCompany'scontrolandtheaffiliatedparties
□Applicable?NotApplicable
Thereisnodeposit,loan,creditorotherfinancialbusinessbetweenthefinancecompanyundertheCompany'scontrolandtheaffiliatedparties.VII.Othersignificantaffiliatedtransactions
□Applicable?NotApplicableTheCompanywasnotinvolvedinothersignificantaffiliatedtransactionsduringthereportperiod.
XV.Significantcontractsandtheirfulfillment
1.Informationabouttrusteeship,contractingandlease
(1)Trusteeship
□Applicable?NotApplicableTheCompanywasnotinvolvedinanytrusteeshipduringthereportperiod.
(2)Contracting
□Applicable?NotApplicableTheCompanywasnotinvolvedinanycontractingmatterduringthereportperiod.
(3)Lease
□Applicable?NotApplicableTheCompanywasnotinvolvedinanyleaseduringthereportperiod.
2.Significantguarantee?Applicable□Notapplicable
Unit:10,000yuan
ExternalguaranteesbytheCompanyanditssubsidiaries(excludingguaranteestosubsidiaries)
| ExternalguaranteesbytheCompanyanditssubsidiaries(excludingguaranteestosubsidiaries) | ||||||||||
| ObjectofGuarantee | DisclosureDateoftheAnnouncementRelatedtotheGuaranteeAmount | GuaranteeAmount | ActualDateofIncurring | ActualGuaranteeAmount | GuaranteeType | Collateral(ifany) | Counter-guarantee(ifany) | GuaranteePeriod | WhethertheFulfillmentisCompleted | IsitaGuaranteeforAffiliatedParties |
| None | ||||||||||
| GuaranteeoftheCompanytoitssubsidiaries | ||||||||||
| ObjectofGuarantee | DisclosureDateoftheAnnouncementRelatedtotheGuaranteeAmount | GuaranteeAmount | ActualDateofIncurring | ActualGuaranteeAmount | GuaranteeType | Collateral(ifany) | Counter-guarantee(ifany) | GuaranteePeriod | WhethertheFulfillmentisCompleted | IsitaGuaranteeforAffiliatedParties |
| HefeiKaibangMotorCo.,Ltd. | April30,2022 | 17,764.17 | 17,764.17 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| NanjingWalsinMetalCo.,Ltd. | April30,2022 | 33,647.11 | 33,647.11 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreeGreenControlTechnologyCo.,Ltd. | April30,2022 | 1,045.18 | 1,045.18 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreeElectricAppliances(Nanjing)Co.,Ltd. | April30,2022 | 1,100.93 | 1,100.93 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreeEnergyEnvironmentTechnologyCo.,Ltd. | April30,2022 | 2,390.66 | 2,390.66 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
Gree(Hangzhou)ElectricAppliancesCo.,Ltd.
| Gree(Hangzhou)ElectricAppliancesCo.,Ltd. | April30,2022 | 3,235.98 | 3,235.98 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreeChangshaHVACEquipmentCo.,Ltd. | April30,2022 | 42,070.22 | 42,070.22 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreeMechanicalandElectricalEngineeringCo.,Ltd. | April30,2022 | 3,531.66 | 3,531.66 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| HefeiKinghomeElectricalCo.,Ltd. | April30,2022 | 16.27 | 16.27 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreeTosot(Suqian)HomeAppliancesCo.,Ltd. | April30,2022 | 145.46 | 145.46 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreePrecisionMould(Anji)Co.,Ltd. | April30,2022 | 95.79 | 95.79 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| Gree(Wuhu)ElectricAppliancesCo.,Ltd. | April30,2022 | 19,168.23 | 19,168.23 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreeElectricEnterprises(Maanshan)Ltd. | April30,2022 | 1,879.61 | 1,879.61 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreeIntelligentEquipmentCo.,Ltd. | April30,2022 | 11,261.49 | 11,261.49 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No |
ZhuhaiGreeIntelligentEquipmentTechnologyInstituteCo.,Ltd.
| ZhuhaiGreeIntelligentEquipmentTechnologyInstituteCo.,Ltd. | April30,2022 | 12,734.47 | 12,734.47 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| Gree(Wuhan)ElectricAppliancesCo.,Ltd. | April30,2022 | 92.4 | 92.4 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| Gree(Wu'an)PrecisionEquipmentManufacturingCo.,Ltd. | April30,2022 | 8,509.67 | 8,509.67 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreeElectricalIntelligentManufacturingCo.,Ltd. | April30,2022 | 3,003.97 | 3,003.97 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreeElectricAppliances(Chengdu)Co.,Ltd. | April30,2022 | 57,960.15 | 57,960.15 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreePrecisionMoldCo.,Ltd. | April30,2022 | 24,826.04 | 24,826.04 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | April30,2022 | 78.75 | 78.75 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGreeNewMaterialCo.,Ltd. | April30,2022 | 2,026.64 | 2,026.64 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| ZhuhaiGREEElectric | April30,2022 | 5.4 | 5.4 | Pledged | Notepool | None | Fromtheactualdateof | No | No |
EnterprisesLtd.
| EnterprisesLtd. | guaranteetoJune7,2023 | |||||||||
| HefeiLandaCompressorCo.,Ltd. | April30,2022 | 199.03 | 199.03 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| GreeIntelligentEquipment(Wuhan)Co.,Ltd. | April30,2022 | 5,996.46 | 5,996.46 | Pledged | Notepool | None | FromtheactualdateofguaranteetoJune7,2023 | No | No | |
| Totalamountofguaranteestosubsidiariesapprovedduringthereportperiod(B1) | 1,900,000 | Totalamountincurredofguaranteestosubsidiariesduringthereportperiod(B2) | 252,785.74 | |||||||
| Totalamountofguaranteestosubsidiariesapprovedattheendofthereportperiod(B3) | 1,900,000 | Totalactualguaranteebalancetosubsidiariesattheendofthereportperiod(B4) | 252,785.74 | |||||||
| Guaranteeofsubsidiariestosubsidiaries | ||||||||||
| ObjectofGuarantee | DisclosureDateoftheAnnouncementRelatedtotheGuaranteeAmount | GuaranteeAmount | ActualDateofIncurring | ActualGuaranteeAmount | GuaranteeType | Collateral(ifany) | Counter-guarantee(ifany) | GuaranteePeriod | WhethertheFulfillmentisCompleted | IsitaGuaranteeforAffiliatedParties |
| ZhuhaiGuangtongAutomobileCo.,Ltd. | December24,2021 | 30,000 | February11,2022 | 20,000 | Generalguaranteeandpledge | Yes | None | |||
Ifthemaincontractisaloancontract,theguaranteeperiodunderthiscontractisthreeyearsfromthedayaftertheexpirationoftheloantermunderthemaincontract;
| No | No |
ifthecreditorannouncestheearlydueoftheloanaccordingtotheprovisionsofthemaincontract,theguaranteeperiodshallbethreeyearsfromthedayaftertheearlyduedateoftheloan.
| ifthecreditorannouncestheearlydueoftheloanaccordingtotheprovisionsofthemaincontract,theguaranteeperiodshallbethreeyearsfromthedayaftertheearlyduedateoftheloan. | ||||||||||
| ZhuhaiGreeAltairnanoElectricApplianceCo.,Ltd. | 1,454.6 | April29,2022 | 980 | Pledged | Yes | None | FromApril13,2021toApril12,2026,thecreditor'srightsformedbythemortgageeandthedebtor'shandlingofvariousbusinessagreements.Thisperiodistheperiodfordeterminingthemaximumamountofsecureddebt. | No | No | |
| TianjinGuangtong | December13,2022 | 35,000 | December30,2022 | 35,000 | Generalwarranty | None | None | Fromtheeffectivedate | No | No |
AutomobileCo.,Ltd.
| AutomobileCo.,Ltd. | oftheguaranteecontracttothreeyearsafterthedateofexpirationoftheperformanceperiodofthedebtunderthemaincontract | |||||||||
| GreeAltairnanoNewEnergyInc. | December13,2022 | 55,000 | December30,2022 | 55,000 | Generalwarranty | None | None | Fromtheeffectivedateoftheguaranteecontracttothreeyearsafterthedateofexpirationoftheperformanceperiodofthedebtunderthemaincontract | No | No |
| GreeAltairnanoNewEnergyInc. | December24,2021 | 65,000 | December29,2021 | 65,000 | Generalwarranty | None | None | Fromtheeffectivedateoftheguaranteecontracttothreeyearsafterthedateofexpirationoftheperformanceperiodofthedebtunderthemaincontract | Yes | No |
TianjinGuangtongAutomobileCo.,Ltd.
| TianjinGuangtongAutomobileCo.,Ltd. | December24,2021 | 35,000 | December29,2021 | 35,000 | Generalwarranty | None | None | Fromtheeffectivedateoftheguaranteecontracttothreeyearsafterthedateofexpirationoftheperformanceperiodofthedebtunderthemaincontract | Yes | No |
| ZhuhaiGreeAltairnanoElectricApplianceCo.,Ltd. | December24,2021 | 10,000 | December28,2021 | 10,000 | Generalwarranty | None | None | Fromtheeffectivedateoftheguaranteecontracttothreeyearsafterthedateofexpirationoftheperformanceperiodofthedebtunderthemaincontract | Yes | No |
| Totalamountofguaranteestosubsidiariesapprovedduringthereportperiod(C1) | 435,500 | Totalamountincurredofguaranteestosubsidiariesduringthereportperiod(C2) | 90,980 | |||||||
| Totalamountofguaranteestosubsidiariesapprovedattheendofthereportperiod(C3) | 435,500 | Totalactualguaranteebalancetosubsidiariesattheendofthereportperiod(C4) | 1,109,800 | |||||||
| Totalamountofcompanyguarantee(i.e.totalofthefirstthreemajoritems) | ||||||||||
| Totalamountofguaranteeapprovedduringthereportperiod(A1+B1+C1) | 2,335,500 | Totalamountofguaranteesincurredduringthereportperiod(A2+B2+C2) | 343,765.74 | |||||||
Totalamountofapprovedguaranteesattheendofthereportperiod(A3+B3+C3)
| Totalamountofapprovedguaranteesattheendofthereportperiod(A3+B3+C3) | 2,335,500 | Totalactualguaranteebalanceattheendofthereportperiod(A4+B4+C4) | 1,362,585.74 |
| Proportionofactualtotalguarantees(i.e.A4+B4+C4)totheCompany'snetassets | 14.08% | ||
| Including: | |||
| Balanceofguaranteesprovidedtoshareholders,effectivecontrollersandtheiraffiliatedparties(D) | 0 | ||
| Debtguaranteebalanceprovideddirectlyorindirectlyforguaranteedpartieswithanassetliabilityratioexceeding70%(E) | 1,109,800 | ||
| Amountofthetotalguaranteeexceeding50%ofnetassets(F) | 0 | ||
| Totalamountofthethreeguaranteesmentionedabove(D+E+F) | 1,109,800 | ||
| Explanation(ifany)wherethereisaguaranteeliabilityorevidenceindicatingthepossibilityofassumingjointandseveralliabilitiesforunexpiredguaranteecontractsduringthereportperiod | Notapplicable | ||
| Explanationofexternalguaranteesprovidedinviolationofprescribedprocedures(ifany) | Notapplicable | ||
ExplanationofthespecificsituationofusingcompositeguaranteeNone
3.Entrustingotherstoexecuteanycashassetmanagement
(1)Entrustedfinancialmanagement?Applicable□NotapplicableOverviewofentrustedfinancialmanagementduringthereportperiod
Unit:10,000yuan
| Specifictype | Sourceoffundsforentrustedfinancialmanagement | Amountincurredofentrustedfinancialmanagement | Unduebalance | Overdueuncollectedamount | Impairedamountforoverdueuncollectedamount |
Specificsituationofhigh-riskentrustedfinancialmanagementwithlargeindividualamountsorlowsecurityandpoorliquidity
□Applicable?NotApplicableExpectedinabilitytorecoverprincipalorothersituationsthatmayleadtoimpairmentinentrustedfinancialmanagement
□Applicable?NotApplicable
(2)Entrustedloan
□Applicable?NotApplicableTheCompanywasnotinvolvedinanyentrustedloanduringthereportperiod.
4.Othersignificantcontracts
□Applicable?NotApplicableTheCompanydidnotenterintoanyothersignificantcontractduringthereportperiod.
XVI.Descriptionofothersignificantmatters
□Applicable?NotApplicableTherewerenoothersignificantmattersthatneedtobeexplainedduringthereportperiod.
XVII.SignificantmattersoftheCompany'ssubsidiaries
□Applicable?NotApplicable
Bankfinancialproducts
| Bankfinancialproducts | Ownfunds | 251,044.13 | 251,044.13 |
| Trustfinancialproducts | Ownfunds | 10,057.4 | 10,057.4 |
| Securitiestraders'financialproducts | Ownfunds | 494,110.82 | 494,110.82 |
| Total | 755,212.35 | 755,212.35 | |
SectionVII.ChangesinSharesandShareholders
I.Changesinshares
1.Changesinsharecapital
Unit:share
Beforethischange
| Beforethischange | Increaseanddecreaseofthischange(+,-) | Afterthischange | |||||||
| Quantity | Percentage | Newissue | Bonusissue | Sharesconvertedfromreservedfunds | Others | Subtotal | Quantity | Percentage | |
| I.Shareswithtradingrestrictionconditions | 45,577,325 | 0.77% | -6,310,386 | -6,310,386 | 39,266,939 | 0.70% | |||
| 1.SharesheldbytheState | |||||||||
| 2.Sharesheldbystate-ownedlegalperson | |||||||||
| 3.Sharesheldbyotherdomesticcapital | 45,577,325 | 0.77% | -6,310,386 | -6,310,386 | 39,266,939 | 0.70% | |||
| Including:Sharesheldbydomesticlegalperson | |||||||||
| Sharesheldbydomesticnaturalperson | 45,577,325 | 0.77% | -6,310,386 | -6,310,386 | 39,266,939 | 0.70% | |||
| 4.Sharesheldby | |||||||||
Causesforchangesinsharecapital?Applicable□Notapplicable
foreigncapital
| foreigncapital | |||||||
| Including:Sharesheldbyforeignlegalperson | |||||||
| Sharesheldbyforeignnaturalperson | |||||||
| II.Shareswithouttradingrestrictionconditions | 5,868,891,715 | 99.23% | -276,752,913 | -276,752,913 | 5,592,138,802 | 99.30% | |
| 1.RMBcommonshare | 5,868,891,715 | 99.23% | -276,752,913 | -276,752,913 | 5,592,138,802 | 99.30% | |
| 2.Domesticallylistedforeignshares | |||||||
| 3.Overseaslistedforeignshares | |||||||
| 4.Others | |||||||
| III.Totalnumberofshares | 5,914,469,040 | 100.00% | -283,063,299 | -283,063,299 | 5,631,405,741 | 100.00% |
OnJuly5,2022,thetotalsharecapitaloftheCompanyandthenumberofcirculatingshareswithouttradingrestrictionconditionschangedfrom5,914,469,040sharesto5,631,405,741sharesasaresultofthecancellationofsharesinthespecialsecuritiesaccountforrepurchase,pleaserefertotheAnnouncementofGreeElectricAppliances,Inc.ofZhuhaiontheCompletionofShareRepurchaseCancellationandChangeofShares(AnnouncementNo.:2022-044)onCNINFO(http://www.cninfo.com.cn/new/index).Approvalofsharechanges?Applicable□Notapplicable
(1)TheCompanyheldthe27thMeetingofthe11thBoardofDirectorsandthe20thMeetingofthe11thBoardofSupervisorsonSeptember28,2021,anddeliberatedandadoptedtheProposalonCancellingtheRepurchasedSharesinPhaseIIIandUsingtheEmployeeStockOwnershipPlanfortheRemainingShares,andtheCompanyproposedtocancel70%ofthepurchasedshares(i.e.221,032,019shares)inPhaseIIIRepurchasetoreducetheregisteredcapital.
(2)TheCompanyheldthe29thMeetingofthe11thBoardofDirectorsandthe22ndMeetingofthe11thBoardofSupervisorsonNovember16,2021,anddeliberatedandadoptedtheProposalonCancellationofRemainingSharesafterSubscriptionoftheEmployeeStockOwnershipPlanPhase,andtheCompanyplannedtochangethepurposeofandcanceltheremaining46,365,753sharesrepurchasedinPhaseI.
(3)TheCompanyheldthe31stMeetingofthe11thBoardofDirectorsandthe23rdMeetingofthe11thBoardofSupervisorsonJanuary24,2022,anddeliberatedandadoptedtheProposalonCancellationofRemainingSharesAfterthePhaseIRepurchaseofPurchasedSharesforEmployeeStockOwnershipPlan,andtheCompanyplannedtochangethepurposeofandcanceltheremaining15,665,527sharesrepurchasedinPhaseI.Theaforementionedproposalforsharecancellationhasbeendeliberatedandadoptedatthe1stInterimGeneralMeetingofShareholdersin2022oftheCompanyheldonFebruary28,2022.TheCompanyhascancelled283,063,299sharesintotal,andafterthissharecancellation,thetotalsharecapitaloftheCompanywaschangedfrom5,914,469,040sharesto5,631,405,741shares.Fordetails,pleaserefertoAnnouncementofGreeElectricAppliances,Inc.ofZhuhaiontheCompletionofShareRepurchaseCancellationandChangeofShares(AnnouncementNo.2022-044)onCNINFO(http://www.cninfo.com.cn/new/index).Transferofsharechanges
□Applicable?NotApplicableEffectofsharechangesonfinancialindicatorssuchasbasicearningspershare,dilutedearningspershareandnetassetspershareattributabletocommonshareholdersoftheCompanyforthelatestyearandthelatestperiod
□Applicable?NotApplicableOthercontentsdeemednecessarybytheCompanyorrequiredtobedisclosedbythesecuritiesregulatoryauthority
□Applicable?NotApplicable
2.Changesinrestrictedshares?Applicable□Notapplicable
Unit:share
NameofShareholder
| NameofShareholder | NumberofRestrictedSharesattheBeginningofthePeriod | NumberofRestrictedSharesIncreasedintheCurrentPeriod | NumberofRestrictedSharesLiftedintheCurrentPeriod | NumberofRestrictedSharesattheEndofthePeriod | ReasonsforRestriction | DateofLifting |
| WangJingdong | 663,505 | 663,505 | 0 | Outgoingseniorexecutive | July16,2022 |
sharelockup
| sharelockup | ||||||
| HuangHui | 5,535,000 | 5,535,000 | 0 | Outgoingseniorexecutivesharelockup | July16,2022 | |
| DuanXiufeng | 447,525 | 111,881 | 335,644 | Seniorexecutivesharelockup | - | |
| Total | 6,646,030 | 0 | 6,310,386 | 335,644 | -- | -- |
II.Securitiesissuanceandlisting
1.Securitiesissuance(excludingpreferredshares)duringthereportperiod
□Applicable?NotApplicable
2.DescriptionofchangesintheCompany'stotalnumberofsharesandshareholderstructure,andassetandliabilitystructure?Applicable□Notapplicable
(1)TheCompanyheldthe27thMeetingofthe11thBoardofDirectorsandthe20thMeetingofthe11thBoardofSupervisorsonSeptember28,2021,anddeliberatedandadoptedtheProposalonCancellingtheRepurchasedSharesinPhaseIIIandUsingtheEmployeeStockOwnershipPlanfortheRemainingShares,andtheCompanyproposedtocancel70%ofthepurchasedshares(i.e.221,032,019shares)inPhaseIIIRepurchasetoreducetheregisteredcapital.
(2)TheCompanyheldthe29thMeetingofthe11thBoardofDirectorsandthe22ndMeetingofthe11thBoardofSupervisorsonNovember16,2021,anddeliberatedandadoptedtheProposalonCancellationofRemainingSharesafterSubscriptionoftheEmployeeStockOwnershipPlanPhase,andtheCompanyplannedtochangethepurposeofandcanceltheremaining46,365,753sharesrepurchasedinPhaseI.
(3)TheCompanyheldthe31stMeetingofthe11thBoardofDirectorsandthe23rdMeetingofthe11thBoardofSupervisorsonJanuary24,2022,anddeliberatedandadoptedtheProposalonCancellationofRemainingSharesAfterthePhaseIRepurchaseofPurchasedSharesforEmployeeStockOwnershipPlan,andtheCompanyplannedtochangethepurposeofandcanceltheremaining15,665,527sharesrepurchasedinPhaseI.Theaforementionedproposalforsharecancellationhasbeendeliberatedandadoptedatthe1stInterimGeneralMeetingofShareholdersin2022oftheCompanyheldonFebruary28,2022.TheCompanyhascancelled283,063,299sharesintotal,andafterthissharecancellation,thetotalsharecapitaloftheCompanywaschangedfrom5,914,469,040sharesto5,631,405,741shares.Fordetails,pleaserefertoAnnouncementofGreeElectricAppliances,Inc.ofZhuhaiontheCompletionofShareRepurchaseCancellationandChangeofShares(AnnouncementNo.2022-044)onCNINFO(http://www.cninfo.com.cn/new/index).
3.Existinginternalemployeeshare
□Applicable?NotApplicable
III.Shareholdersandactualcontroller(s)
1.NumberofshareholdersandtheirshareholdingstatusUnit:share
Totalnumberofcommonshareholdersattheendofthereportperiod
| Totalnumberofcommonshareholdersattheendofthereportperiod | 743,864 | TotalnumberofcommonshareholdersasoftheendofthepreviousmonthbeforethedisclosuredateoftheAnnualReport | 660,888 | Totalnumberofpreferredshareholderswithrestoredvotingrights(ifany)attheendofthereportperiod(SeeNote8) | 0 | Totalnumberofpreferredshareholderswithrestoredvotingrights(ifany)attheendofthepreviousmonthbeforethedisclosuredateoftheAnnualReport(SeeNote8) | 0 | |
| Shareholdingoftheshareholdersholdingmorethan5%oftotalsharesorthetop10shareholders | ||||||||
| NameofShareholder | NatureofShareholder | ShareholdingProportion | NumberofSharesHeldattheEndoftheReportPeriod | Increase/DecreaseDuringtheReportPeriod | NumberofSharesWithTradingRestrictionConditionsHeld | NumberofSharesWithoutTradingRestrictionConditionsHeld | Pledge,TagorFreezing | |
| Sharestatus | Quantity | |||||||
| ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 16.02% | 902,359,632 | 902,359,632 | Pledged | 902,359,632 | ||
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 11.48% | 646,531,227 | -12,814,432 | 646,531,227 | |||
| JinghaiInternetTechnologyDevelopmentCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.80% | 382,921,238 | -110,219,217 | 382,921,238 | |||
| ChinaSecuritiesFinanceCorporation | Domesticnon-state-ownedlegalperson | 3.19% | 179,870,800 | 179,870,800 | ||||
Limited
| Limited | |||||||
| ZhuhaiGreeGroupCo.,Ltd. | State-ownedlegalperson | 3.17% | 178,465,992 | 8,946,200 | 178,465,992 | ||
| ForeseaLifeInsuranceCo.,Ltd.?HaiLiNianNian | Others | 0.83% | 46,660,192 | 46,660,192 | |||
| GreeElectricAppliances,Inc.ofZhuhai?EmployeeStockOwnershipPlanPhaseI | Others | 0.82% | 46,334,473 | 46,334,473 | |||
| DongMingzhu | Domesticnaturalperson | 0.79% | 44,488,492 | 33,366,369 | 11,122,123 | ||
| HHLRManagementPte.Ltd.?HHLRChinaFund | Foreignlegalperson | 0.77% | 43,396,407 | 43,396,407 | |||
| AbuDhabiInvestmentAuthority | Foreignlegalperson | 0.56% | 31,735,279 | 3,333,328 | 31,735,279 | ||
| Situation(ifany)whereastrategicinvestororgenerallegalpersonbecomesoneoftop10shareholdersduetoplacementofnewshares(seeNote3) | None | ||||||
| Descriptionofassociationorconcertedactionoftheaboveshareholders | ZhuhaiMingjunInvestmentPartnership(LimitedPartnership)andDongMingzhuarethepersonsactinginconcert.Exceptforthat,theCompanydoesnotknowwhetherthereisanyassociationbetweentheaboveshareholdersorwhethertheyarepersonsactinginconcert. | ||||||
| Descriptionofabove-mentionedshareholders’involvementinentrusting/beingentrustedwithandwaivingvotingrights | None | ||||||
| Specialnoteontheexistenceofrepurchaseaccountsamongthetop10shareholders(ifany)(seeNote10) | GreeElectricAppliances,Inc.ofZhuhaiheld94,728,008sharesintherepurchasespecialsecuritiesaccountattheendofthereportperiod,withashareholdingratioof1.68%. | ||||||
Shareholdingofthetop10shareholdersofshareswithouttradingrestrictionconditions
| Shareholdingofthetop10shareholdersofshareswithouttradingrestrictionconditions | |||
| NameofShareholder | Numberofshareswithouttradingrestrictionconditionsheldattheendofthereportperiod | Typeofshares | |
| Typeofshares | Quantity | ||
| ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) | 902,359,632 | RMBcommonshare | 902,359,632 |
| HongKongSecuritiesClearingCompanyLtd. | 646,531,227 | RMBcommonshare | 646,531,227 |
| JinghaiInternetTechnologyDevelopmentCo.,Ltd. | 382,921,238 | RMBcommonshare | 382,921,238 |
| ChinaSecuritiesFinanceCorporationLimited | 179,870,800 | RMBcommonshare | 179,870,800 |
| ZhuhaiGreeGroupCo.,Ltd. | 178,465,992 | RMBcommonshare | 178,465,992 |
| ForeseaLifeInsuranceCo.,Ltd.?HaiLiNianNian | 46,660,192 | RMBcommonshare | 46,660,192 |
| GreeElectricAppliances,Inc.ofZhuhai?EmployeeStockOwnershipPlanPhaseI | 46,334,473 | RMBcommonshare | 46,334,473 |
| HHLRManagementPte.Ltd.?HHLRChinaFund | 43,396,407 | RMBcommonshare | 43,396,407 |
| AbuDhabiInvestmentAuthority | 31,735,279 | RMBcommonshare | 31,735,279 |
| CITICSecuritiesCompanyLimited | 29,320,790 | RMBcommonshare | 29,320,790 |
| Descriptionoftheassociationorconcertedactionbetweenthetop10shareholdersofcirculatingshareswithouttradingrestrictionconditions,aswellasbetweenthetop10shareholdersofcirculatingshareswithouttradingrestrictionconditionsandthetop10shareholders | ZhuhaiMingjunInvestmentPartnership(LimitedPartnership)andDongMingzhuarethepersonsactinginconcert.Exceptforthat,theCompanydoesnotknowwhetherthereisanyassociationbetweentheaboveshareholdersorwhethertheyarepersonsactinginconcert. | ||
| Descriptionoftheparticipationofthetop10commonshareholdersinmargintradingandsecuritieslendingbusiness | None | ||
Whetherthetop10commonshareholdersandtop10commonshareholderswithouttradingrestrictionconditionsoftheCompanyconductedagreedrepurchasetransactionsinthereportperiod
□Yes?NoThetop10commonshareholdersandtop10commonshareholderswithouttradingrestrictionconditionsoftheCompanydidn'tconductagreedrepurchasetransactionsinthereportperiod.
(ifany)(seeNote4)
2.TheCompany'scontrollingshareholderNatureofcontrollingshareholder:NocontrollingentityTypeofcontrollingshareholder:NocontrollingshareholderDescriptionofthesituationthattheCompanyhasnocontrollingshareholderOnDecember2,2019,GreeGroupandZhuhaiMingjunsignedtheShareTransferAgreementBetweenZhuhaiGreeGroupCo.,Ltd.andZhuhaiMingjunInvestmentPartnership(LimitedPartnership)on15%oftheSharesofGreeElectricAppliances,Inc.ofZhuhai,pursuanttowhichGreeGrouptransferred902,359,632sharesofthelistedcompanytoZhuhaiMingjun.Afterthetransaction,thesinglelargestshareholderZhuhaiMingjun,andDongMingzhu,thepersonactinginconcert,cannotpassspecificproposalsbasedontheiractualvotingrightsofthelistedcompany'sshares,whichisnotsufficienttohaveasignificantimpactontheresolutionsoftheshareholders'meetingofthelistedcompany,norcantheydecideontheelectionofmorethanhalfofthemembersoftheBoardofDirectorsofthelistedcompany.Therefore,thelistedcompanyhasnocontrollingshareholderoractualcontroller.Formoredetails,pleaserefertotheReplytotheInquiryLetterfromShenzhenStockExchangedisclosedbytheCompanyonCNINFO(http://www.cninfo.com.cn/new/index)onJanuary18,2020.Changeincontrollingshareholderduringthereportperiod
□Applicable?NotApplicableTherewasnochangeinthecontrollingshareholderoftheCompanyduringthereportperiod.
3.ActualcontrolleroftheCompanyanditspersonactinginconcertNatureoftheactualcontroller:NoactualcontrollerTypeoftheactualcontroller:NoactualcontrollerDescriptionofthesituationthattheCompanyhasnoactualcontrollerOnDecember2,2019,GreeGroupandZhuhaiMingjunsignedtheShareTransferAgreementBetweenZhuhaiGreeGroupCo.,Ltd.andZhuhaiMingjunInvestmentPartnership(LimitedPartnership)on15%oftheSharesofGreeElectricAppliances,Inc.ofZhuhai,pursuanttowhichGreeGrouptransferred902,359,632sharesofthelistedcompanytoZhuhaiMingjun.Afterthetransaction,thesinglelargestshareholderZhuhaiMingjun,andDongMingzhu,thepersonactinginconcert,cannotpassspecificproposalsbasedontheiractualvotingrightsofthelistedcompany'sshares,whichisnotsufficienttohaveasignificantimpactontheresolutionsoftheshareholders'meetingofthelistedcompany,norcantheydecideontheelectionofmorethanhalfofthemembersoftheBoardofDirectorsofthelistedcompany.Therefore,thelistedcompanyhasnocontrollingshareholderoractualcontroller.Formoredetails,pleaserefertotheReplytotheInquiryLetterfromShenzhenStockExchangedisclosedbytheCompanyonCNINFO(http://www.cninfo.com.cn/new/index)onJanuary18,2020.Whetherthereareshareholderswithashareholdingratioofmorethan10%attheultimatecontrolleveloftheCompany?Yes□No?Legalperson□NaturalpersonShareholdingattheultimatecontrollevel
NameofShareholder
attheUltimateControlLevel
| NameofShareholderattheUltimateControlLevel | LegalRepresentative/PersoninCharge | DateofEstablishment | OrganizationCode | MainBusiness |
| ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) | ZhuhaiXianyingEquityInvestmentPartnership(LimitedPartnership) | May11,2017 | 91440400MA4WJBCR4W | Businessscoperecordedintheagreement:Equityinvestment.(Itemsthatneedtobeapprovedinaccordancewithlawcanonlybeoperated |
afterapprovalbyrelevantdepartments)
| afterapprovalbyrelevantdepartments) | ||
| Equityofotherdomesticandoverseaslistedcompaniescontrolledbytheshareholderattheultimatecontrollevelduringthereportperiod | None | |
Changeintheactualcontrollerinthereportperiod
□Applicable?NotApplicableTherehasbeennochangeintheactualcontrolleroftheCompanyduringthereportperiod.BlockdiagramofthepropertyrightsandcontrolrelationshipbetweentheCompanyandtheactualcontrollerTheCompanyhasnoactualcontrollerTheactualcontrollercontrolstheCompanythroughatrustorotherassetmanagementmethods
□Applicable?NotApplicable
4.ThecumulativenumberofsharespledgedbythecontrollingshareholderorthelargestshareholderoftheCompanyanditspersonsactinginconcertreached80%ofthenumberofsharesheldbythemintheCompany.?Applicable□Notapplicable
| CompanyName | TypeofShareholder | TotalAmountofStockPledgeFinancing(10,000yuan) | SpecificPurpose | RepaymentPeriod | SourceofRepaymentFunds | IsThereaRiskofDebtRepaymentorLiquidation | WhetheritAffectstheStabilityoftheControloftheCompany |
| ZhuhaiMingjunInvestmentPartnership(LimitedPartnership) | Thelargestshareholder | 1,696,100 | Repaymentoforiginalloan | April30,2027 | Ownfundsandself-financing | No | No |
5.Othercorporateshareholdersholdingmorethan10%ofshares
□Applicable?NotApplicable
6.Restrictionsonshareholdingreductionbycontrollingshareholder(s),actualcontroller(s),restructuringpartiesandothercommittedentities
□Applicable?NotApplicable
IV.Specificimplementationofsharerepurchaseduringthereportperiod
Progressofimplementationofsharerepurchase?Applicable□Notapplicable
ProgramDisclosure
Time
| ProgramDisclosureTime | NumberofSharestobeRepurchased(shares) | ProportiontoTotalShareCapital | ProposedRepurchaseAmount | ProposedRepurchasePeriod | RepurchasePurpose | NumberofSharesRepurchased(shares) | ProportionofRepurchasedSharestotheUnderlyingStocksInvolvedintheEquityIncentivePlan(ifany) |
| April13,2020 | 108,365,753 | 1.80% | 599,959.10 | Nomorethan12monthsfromApril10,2020 | TheoriginalpurposeoftheplanwasEmployeeStockOwnershipPlanorequityincentive,butafterapproval,partofitwaschangedtocancellationpurpose | 108,365,753 | |
| May27,2021 | 315,760,027 | 5.25% | 1,499,998.51 | Nomorethan12monthsfromMay26,2021 | TheoriginalpurposeoftheplanwasEmployeeStockOwnershipPlanorequityincentive,butafterapproval,partofitwaschangedtocancellationpurpose | 315,760,027 |
Implementationprogressofreducingholdingsofrepurchasedsharesthroughcentralizedbidding
□Applicable?NotApplicable
SectionVIIIPreferredShareRelatedInformation
□Applicable?NotApplicableTheCompanydidnothaveanypreferredsharesduringthereportperiod.
SectionIXBondRelatedInformation
?Applicable□Notapplicable
I.Enterprisebond
□Applicable?NotApplicableTherewasnoenterprisebondintheCompanyduringthereportperiod.
II.Corporatebond
□Applicable?NotApplicableTherewasnocorporatebondintheCompanyduringthereportperiod.
III.Debtfinancinginstrumentsofnon-financialenterprises?Applicable□Notapplicable
1.Basicinformationondebtfinancinginstrumentsofnon-financialenterprises
Unit:yuan(RMB)
Nameof
Bond
| NameofBond | AbbreviationofBond | BondCode | IssuingDate | ValueDate | DateDue | BondBalance | InterestRate | RepaymentofPrincipalandInterest | TradingPlace |
| 2023GreenSCPPhaseIofGreeElectricAppliances,Inc.ofZhuhai | 23GreeElectricAppliancesGN001 | 132380022 | March27,2023 | March29,2023 | October25,2023 | 900,000,000.00 | 2.29% | Lumpsumrepaymentofprincipalandinterestwhendue | Inter-bankmarket |
| Investorsuitabilityarrangements(ifany) | None | ||||||||
| Applicabletradingmechanism | Notapplicable | ||||||||
| Isthereariskofterminatinglistedtransactions(ifany)andcountermeasures | None | ||||||||
Overdueoutstandingbonds
□Applicable?NotApplicable
2.Triggeringandexecutionofissuerorinvestoroptionclausesandinvestorprotectionclauses
□Applicable?NotApplicable
3.Intermediary
| NameofBondProject | NameofIntermediary | OfficeAddress | NameofPersoninCharge | IntermediaryContactPerson | ContactNumber |
2023GreenSCPPhaseIofGreeElectricAppliances,Inc.ofZhuhai
| 2023GreenSCPPhaseIofGreeElectricAppliances,Inc.ofZhuhai | BeijingDacheng(Zhuhai)LawOffices,LLP | Room108,119BaoxingRoad,HongqiVillage,HengqinTown,HengqinNewArea,Zhuhai,GuangdongProvince | TangHongjie | CaiJialing | 0756-3229880 |
Hastherebeenanychangeintheabove-mentionedinstitutionsduringthereportperiod
□Yes?No
4.Useofraisedfunds
Unit:yuan(RMB)
| NameofBondProject | TotalAmountofRaisedFunds | AmountUsed | UnusedAmount | OperationofSpecialFundRaisingAccount(ifany) | Rectificationofillegaluseofraisedfunds(ifany) | Isitconsistentwiththepurpose,useplan,andotheragreementspromisedintheprospectus |
| 2023GreenSCPPhaseIofGreeElectricAppliances,Inc.ofZhuhai | 900,000,000.00 | 198,559,708.02 | 701,440,291.98 | Normaloperation | No | No |
Useofraisedfundsforconstructionprojects
□Applicable?NotApplicablePurposechangeofraisingfundsfortheaforementionedbondsduringtheCompany'sreportperiod
□Applicable?NotApplicable
5.Adjustmentofcreditratingresultsduringthereportperiod
□Applicable?NotApplicable
6.Implementationandchangesofguarantees,debtrepaymentplans,andotherdebtrepaymentguaranteemeasuresduringthereportperiod,aswellastheirimpactontherightsandinterestsofbondinvestors
□Applicable?NotApplicableIV.Convertiblebond
□Applicable?NotApplicableTheCompanyhasnoconvertiblebondduringthereportperiod.
V.Lossesinthereportperiodexceeding10%ofnetassetsattheendoftheprevious
yearwithinthescopeofconsolidatedfinancialstatements
□Applicable?NotApplicableVI.Overdueinterestbearingdebtsotherthanbondsattheendofthereportperiod
□Applicable?NotApplicableVII.Havetherebeenanyviolationsofrulesandregulationsduringthereportperiod
□Yes?No
VIII.MainaccountingdataandfinancialindicatorsoftheCompanyforthelasttwoyearsasoftheendofthereportperiod
Item
| Item | AttheEndofThisReportPeriod | AttheEndofLastYear | Increase/DecreaseOvertheEndofthePreviousYear |
| Currentratio | 117.92% | 114.59% | 3.33% |
| Assetliabilityratio | 71.30% | 66.23% | 5.07% |
| Quickratio | 99.13% | 90.56% | 8.57% |
| Item | TheReportPeriod | SamePeriodLastYear | Increase/DecreaseintheReportPeriodOvertheSamePeriodLastYear |
| Netprofitafterdeductingnon-recurringprofitsandlosses | 2,398,624.83 | 2,185,005.09 | 9.78% |
| EBITDAtotaldebtratio | 13.85% | 15.21% | -1.36% |
| Interestcoverageratio | 10.70 | 15.68 | -31.76% |
| Cashinterestcoverageratio | 12.93 | 4.27 | 202.81% |
| EBITDAinterestcoverageratio | 12.48 | 17.69 | -29.45% |
| Loanrepaymentrate | 100.00% | 100.00% | 0.00% |
| Interestcoverage | 100.00% | 100.00% | 0.00% |
SectionXFinancialStatementsI.Auditreport
Typeofauditopinion
| Typeofauditopinion | Standardunqualifiedopinion |
| Signingdateofauditreport | April28,2023 |
| Nameofauditagency | UnionPowerCertifiedPublicAccountants(SpecialGeneralPartnership) |
| Documentnumberofauditreport | ZHSZ(2023)No.0500065 |
| Nameofcertifiedpublicaccountant | WuZihaoandQiuYiwu |
Auditreporttext
AuditReport
ZHSZ(2023)No.0500065AllshareholdersofGreeElectricAppliances,Inc.ofZhuhai:
IAuditopinionWehaveauditedthefinancialstatementsofGreeElectricAppliances,Inc.ofZhuhai(hereinafterreferredtoas"yourcompany"),includingtheConsolidatedandParentCompany'sBalanceSheetsasofDecember31,2022,and2022ConsolidatedandParentCompany'sIncomeStatements,2022ConsolidatedandParentCompany'sCashFlowStatementsand2022ConsolidatedandParentCompany'sStatementsofChangesinShareholders'EquityandNotestoFinancialStatements.Inouropinion,theattachedfinancialstatementshavebeenpreparedinallmaterialaspectsinaccordancewiththeAccountingStandardsforBusinessEnterprisesandfairlyreflectedtheconsolidatedandparentcompany'sfinancialpositionofyourcompanyasofDecember31,2022andtheconsolidatedandparentcompany'soperatingresultsandcashflowsin2022.IIBasisforformingauditopinions
WehaveconductedourauditworkaccordingtotheprovisionsofAuditStandardsforCertifiedPublicAccountantofChina.Thepartrelatedto"CPA'sresponsibilityfortheauditoffinancialstatements"intheauditreportfurtherelaboratesourresponsibilitiesunderthesestandards.InaccordancewiththeCodeofEthicsforCertifiedPublicAccountofChina,weareindependentofyourcompanyandperformedotherresponsibilitiesinrespectofprofessionalethics.Webelievethattheauditevidencesobtainedbyusaresufficientandappropriate,providingabasisforexpressingourauditopinion.
IIIKeyauditmatters
Thekeyauditmattersarethemattersthataredeemedtobethemostimportantonesinthecurrentfinancialstatementauditaccordingtoourprofessionaljudgment.Theresponsetothesemattersisbasedontheoverallauditofthefinancialstatementsandtheformationofauditopinions.Wedonotgiveseparateopinionsonthesematters.
(I)Accrualofinventoryfallingpricereserves
Keyauditmatters
| Keyauditmatters | Howwasthematteraddressedintheaudit? |
| Referto"NoteIII.13","NoteV.9"and"NoteV.66"inthefinancialstatements.AsofDecember31,2022,thebookvalueofinventoryinyourcompany'sconsolidatedbalancesheetwasRMB38,314,176,800,whereinthebookbalanceofinventorywasRMB41,094,448,100andtheinventoryfallingpricereserveswasRMB2,780,271,400.Recognitionoftheinventoryfallingpricereservesdependsonestimationofthenetrealizablevalueoftheinventory.Forrecognitionofthenetrealizablevalueoftheinventory,themanagementshouldestimatethefuturesellingpriceofinventory,thecosts(ifrelated)tobeincurreduntilcompletion,thesalesexpenses,andtherelatedtaxesandfees.Inconsiderationoftheimportanceofrecognitionoftheinventoryandinventoryfallingpricereservestotheconsolidatedfinancialstatementsandthecomplicatedcalculationprocessofinventoryfallingpricereserves,andsignificantjudgments,assumptionsandestimatesofthemanagementinvolvedwhenthenetrealizablevalueoftheinventoryisdetermined,theremaybeerrororpotentialmanagementbias.Therefore,weidentifieditasakeyauditmatterofyourcompany. | 1.Understand,evaluate,andtesttheeffectivenessofthedesignandexecutionofinternalcontrolsrelatedtotherecognitionofinventoryfallingpricereserves;2.Evaluatethesignificantjudgments,assumptionsandestimatesinvolvedinmanagement'scalculationofnetrealizablevalue,andreviewthebasisanddocumentsonwhichmanagementdeterminesthefuturesellingpriceoftheinventoryandthecostsincurreduntilcompletion(ifrelated),thesalesexpensesandtherelatedtaxesandfees;3.Carryoutauditproceduresuchasinspectionandrecalculation,especiallyforthedeterminationofnetrealizablevalueoftheinventory,wecarriedoutrecalculationaccordingtorelevantdata;4.Analyzeandreviewtheinventoryagingtodeterminewhetherthecorrespondinginventoryfallingpricereservesaresufficient;5.Supervisetheinventory-taking,andduringthesupervisingprocess,inadditiontopayingattentiontotheauthenticityandaccuracyoftheinventory,thefocuswasalsoontheusagestatusoftheinventory,whethertherewereinventoryinastagnantordefectivecondition,toevaluatetheadequacyoftheaccrualofinventoryfallingpricereserves;6.Reviewtheadequacyofthedisclosureofinformationrelatedtoinventoryfallingpricereservesin"NotesIII.13","NoteV.9",and"NoteV.66"inthefinancialstatements. |
(II)Revenuerecognition
| Keyauditmatters | Howwasthematteraddressedintheaudit? |
| Pleasereferto"NoteIII.31","NoteV.55"and"NoteXV.4"inthefinancialstatements.In2021and2020ConsolidatedFinancialStatementsofyourcompany,therevenuefromsellinggoodswasRMB188,988,382,700andRMB187,868,874,900respectively,anincreaseof0.60%year-on-year.Sincetheamountissignificantandrevenueisoneof | 1.Understand,evaluate,andtesttheeffectivenessofinternalcontroldesignandoperationrelatedtorevenuerecognition;2.Reviewsalescontractsamples,understandthedeliverytermsofthetransaction,evaluatewhetherthebusinessmodelisconsistentwithrevenuerecognition,evaluatewhetherthesalescontracttermscomplywithindustrypractices,andwhethertherevenuerecognitionaccountingpoliciescomplywiththerequirementsofAccountingStandardsforBusiness |
Keyauditmatters
| Keyauditmatters | Howwasthematteraddressedintheaudit? |
| thekeybusinessindicatorsofyourcompany,andwhetheritisbasedonrealtransactionsandwhetheritisincludedintheappropriateaccountingperiodhasasignificantimpactonthefinancialstatements,weconsiderrevenuerecognitionasakeyauditmatter. | Enterprises;3.Checktheoriginalsupportingdocumentsrelatedtorevenuerecognition,suchasorders,deliverynotes,andarrivalreceiptsonthebasisofauditsampling,toevaluatewhetherrevenuehastrulyincurredandwhetherithasbeenrecognizedinaccordancewithaccountingpolicies;4.Implementtheletterverificationprocedureandchecktheoriginaldocumentsandpaymentstatusfordiscrepanciesintheresponselettertoevaluatetheaccuracyandauthenticityoftherevenueamountincurred;5.Carryoutananalysisprogramtoanalyzefromdifferentdimensionssuchasmonthlyfluctuations,salesregions,productcategories,andproductprofitmarginstoverifythereasonablenessofthetransaction;6.Carryoutcut-offtestprogramandposttestprogramtocheckforanyrevenueintertemporalorsalesreturntoaddressrevenueintertemporal;7.Reviewtheadequacyofthedisclosureofinformationrelatedtorevenuerecognitionin"NotesIII.31","NotesV.55",and"NotesXV.4"inthefinancialstatements. |
IVOtherinformation
Themanagementofyourcompanyisresponsibleforotherinformation.Otherinformationincludestheinformationcoveredinthe2022AnnualReportofyourcompany,excludingthefinancialstatementsandourauditreports.Ourauditopinionspublishedonfinancialstatementsdonotcoveranyotherinformation,andwewillnotpublishanyformofforensicconclusiononotherinformation.Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadotherinformationidentifiedabove,and,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheaudit,orotherwiseappearstobemateriallymisstated.If,basedontheworkwehaveperformedonotherinformationthatweobtainedpriortothedateofthisauditor'sreport,weconcludethatthereisamaterialmisstatementofotherinformation,wearerequiredtoreportthatfact.Wehavenothingtoreportinthisregard.VResponsibilitiesofmanagementandgovernanceforfinancialstatements
Themanagementofyourcompany(hereinafterreferredtoasthe"management")isresponsibleforpreparingthefinancial
statementsinaccordancewiththerequirementsofAccountingStandardsforBusinessEnterprisestoachieveafairpresentation,andfordesigning,implementingandmaintaininginternalcontrolthatisnecessarytoensurethatthefinancialstatementsarefreefrommaterialmisstatements,whetherduetofraudsorerrors.Whenpreparingfinancialstatements,themanagementisresponsibleforevaluatingyourcompany'sabilitytocontinueasagoingconcern,disclosingmattersrelatedtogoingconcern(ifapplicable),andapplyingtheassumptionofgoingconcern,unlessthemanagementplanstoliquidateyourcompany,ceaseoperations,orhasnootherrealisticchoice.Thegovernanceisresponsibleforoverseeingyourcompany'sfinancialreportingprocess.VICPA'sresponsibilitiesfortheauditofthefinancialstatements
Ourobjectiveistoobtainreasonableassuranceastowhetherthefinancialstatementsasawholearefreefrommaterialmisstatementscausedbyfraudorerror,andtoissueanauditreportcontaininganauditopinion.Reasonableassuranceisahigh-levelassurance,butisnotaguaranteethatanauditconductedinaccordancewiththeauditstandardswillalwaysdetectamaterialmisstatementwhenitexits.Misstatementsmayarisefromfraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthesefinancialstatements.Whenconductingauditsinaccordancewithauditingstandards,weappliedprofessionaljudgmentandmaintainedprofessionalskepticism.Wealso:
(I)Identifiedandassessedtherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror,designedandperformedauditproceduresresponsivetothoserisks,andobtainedauditevidencethatwassufficientandappropriatetoprovideabasisforouropinion.Theriskofnotdetectingamaterialmisstatementresultingfromfraudishigherthantheoneresultingfromerror,asfraudmayinvolvecollusion,forgery,omissions,misrepresentations,ortheoverrideofinternalcontrol.(II)Obtainedanunderstandingofinternalcontrolrelatedtotheauditinordertodesignauditproceduresthatareappropriate.(III)Evaluatedtheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesandrelateddisclosuremadebymanagementofyourcompany.(IV)Concludedontheappropriatenessofusingthegoingconcernassumptionbythemanagementofyourcompany,andconcluded,basedontheauditevidenceobtained,whetheramaterialuncertaintyexitedrelatedtoeventsorconditionsthatmightcastsignificantdoubtonyourcompany'sabilitytocontinueasagoingconcern.Ifweconcludedthattherewasasignificantuncertainty,wewererequiredbyauditstandardstodrawtheattentionofreportuserstotherelevantdisclosuresinthefinancialstatementsintheauditreport;ifsuchdisclosureswereinadequate,weshouldexpressanon-unqualifiedopinion.Ourconclusionswerebasedontheinformationavailableasoftheauditreportdate.However,futureeventsorconditionsmayresultinyourcompanytoceasetocontinueasagoingconcern.(V)Evaluatedtheoverallpresentation,structureandcontentofthefinancialstatements,includingthedisclosure,andevaluatewhetherthefinancialstatementsfairlyreflectedtheunderlyingtransactionsandevents.
(VI)Obtainedsufficientandappropriateauditevidenceforthefinancialinformationofyourcompany'sentityorbusinessactivitiestoexpressanopiniononthefinancialstatements.Wewereresponsibleforguiding,supervisingandimplementinggroupaudits.Weassumefullresponsibilityfortheauditopinions.Wecommunicatedwiththegovernanceregarding,amongothermatters,theplannedauditscope,schedule,andmajorauditfindings,includinganysignificantdefectsininternalcontrolthatweidentifiedduringouraudit.Wealsoprovidedastatementtothegovernanceregardingtheobservedprofessionalmoralrequirementsrelatedtoindependence,andcommunicatedwiththegovernanceaboutalltherelationshipsandothermattersthatmightbereasonablyconsideredtoaffectourindependence,aswellastherelatedcountermeasures(ifapplicable).Fromthemattersdiscussedwiththegovernance,wehavedeterminedwhicharethemostimportantfortheauditofthecurrentfinancialstatementsandthereforeconstitutekeyauditmatters.Wedescribedthesemattersintheauditreport,unlesslawsandregulationsprohibitpublicdisclosureofthesematters,orinrarecases,wedeterminedthatthemattershouldnotbecommunicatedintheauditreportifitwasreasonablyanticipatedthatthenegativeconsequencecausedbycommunicatingamatterintheauditreportexceedsthebenefitgeneratedintermsofpublicinterests.
UnionPowerCertifiedPublicAccountants(SpecialGeneral
Partnership)
| UnionPowerCertifiedPublicAccountants(SpecialGeneralPartnership) | CertifiedPublicAccountantofChina: | |
| (engagementpartner): | ||
| WuZihao |
CertifiedPublicAccountantof
China:
| CertifiedPublicAccountantofChina: | |
| QiuYiwu |
Wuhan,China
| Wuhan,China | April28,2023 |
| ConsolidatedBalanceSheet | |||
| December31,2022 | |||
| Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan | |||
| Item | Note | December31,2022 | December31,2021 |
| Currentassets: | |||
| Monetaryfunds | V.1 | 157,484,332,251.39 | 116,939,298,776.87 |
| Lendingfunds | |||
| Tradingfinancialassets | V.2 | 3,867,203,363.52 | |
| Derivativefinancialassets | V.3 | 198,773,198.65 | |
| Notesreceivable | V.4 | 6,818,428.95 | |
| Accountsreceivable | V.5 | 14,824,742,623.45 | 13,840,898,802.76 |
| Receivablesfinancing | V.6 | 28,427,310,345.20 | 25,612,056,693.07 |
| Advancepayments | V.7 | 2,344,668,845.48 | 4,591,886,517.34 |
| Otherreceivables | V.8 | 804,277,958.80 | 334,161,870.18 |
| Including:Interestsreceivable | |||
| Dividendsreceivable | 1,260,498.66 | 615,115.33 | |
| Buyingbackthesaleoffinancialassets | |||
| Inventory | V.9 | 38,314,176,763.90 | 42,765,598,328.01 |
| Contractassets | V.10 | 1,047,739,817.94 | 1,151,228,472.63 |
| Assetsheldforsale | |||
| Non-currentassetsduewithinoneyear | V.11 | 3,314,191,633.19 | 11,033,571,932.60 |
| Othercurrentassets | V.12 | 4,704,576,940.64 | 9,382,177,587.07 |
| Totalcurrentassets | 255,140,038,972.46 | 225,849,652,179.18 | |
| Non-currentassets: | |||
| Disbursementofloansandadvances | V.13 | 719,799,280.27 | 4,142,652,901.85 |
| Debtinvestment | V.14 | 150,351,500.00 | |
| Otherdebtinvestments | V.15 | 14,340,348,882.97 | 5,910,056,891.62 |
| Long-termreceivables | V.16 | 116,084,973.52 | 2,419,031.07 |
| Long-termequityinvestments | V.17 | 5,892,290,568.81 | 10,337,008,014.57 |
| Otherequityinstrumentinvestments | V.18 | 4,669,455,797.90 | 10,114,246,030.05 |
| Othernon-currentfinancialassets | V.19 | 4,428,003,204.49 | 81,309,327.39 |
| Investmentrealestate | V.20 | 634,689,201.98 | 454,854,822.63 |
| Fixedassets | V.21 | 33,817,019,391.36 | 31,188,726,142.99 |
| Constructioninprogress | V.22 | 5,966,678,892.16 | 6,481,236,333.38 |
| Usufructassets | V.23 | 207,344,779.05 | 14,603,282.99 |
| Intangibleassets | V.24 | 11,621,853,071.43 | 9,916,967,208.10 |
| Developmentexpenditures | |||
| Goodwill | V.25 | 1,659,358,399.03 | 707,629,136.24 |
| Long-termunamortizedexpenses | V.26 | 22,862,393.90 | 18,724,025.74 |
| Deferredincometaxassets | V.27 | 14,598,866,870.23 | 13,661,849,772.68 |
| Othernon-currentassets | V.28 | 1,039,712,699.26 | 716,248,679.90 |
| Totalnon-currentassets | 99,884,719,906.36 | 93,748,531,601.20 | |
| Totalassets | 355,024,758,878.82 | 319,598,183,780.38 | |
| LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi | |||
| ConsolidatedBalanceSheet(Continued) | |||
| December31,2022 | |||
| Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan | |||
| Item | Note | December31,2022 | December31,2021 |
| Currentliabilities: | |||
| Short-termborrowings | V.29 | 52,895,851,287.92 | 27,617,920,548.11 |
| Loansfromotherbanks | V.30 | 300,021,500.00 | |
| Transactionfinancialliabilities | |||
| Derivativefinancialliabilities | V.31 | 184,811,894.98 | |
| Financialassetssoldforrepurchase | V.32 | 746,564,041.09 | |
| Depositsfromcustomersandinterbank | V.33 | 219,111,069.61 | 182,681,905.74 |
| Notespayable | V.34 | 38,609,900,819.74 | 40,743,984,514.42 |
| Accountspayable | V.35 | 32,856,071,488.87 | 35,875,090,911.05 |
| Advancereceipts | |||
| Contractliabilities | V.36 | 14,972,336,715.45 | 15,505,499,178.75 |
| Payrollpayable | V.37 | 3,897,862,091.84 | 3,466,630,401.73 |
| Taxesandduespayable | V.38 | 3,819,424,639.48 | 2,230,471,191.49 |
| Otherpayables | V.39 | 10,912,406,666.89 | 6,763,119,937.14 |
| Including:Interestspayable | |||
| Dividendspayable | 5,620,664,762.67 | 2,367,112.94 | |
| Liabilitiesheldforsale | |||
| Non-currentliabilitiesduewithinoneyear | V.40 | 255,342,537.57 | 1,255,294,034.84 |
| Othercurrentliabilities | V.41 | 57,748,817,603.24 | 62,414,107,264.20 |
| Totalcurrentliabilities | 216,371,936,815.59 | 197,101,385,428.56 | |
| Non-currentliabilities: | |||
| Long-termborrowings | V.42 | 30,784,241,211.21 | 8,960,864,258.30 |
| Bondspayable | |||
| Including:Preferredshare | |||
| Perpetualbond | |||
| Leaseliabilities | V.43 | 146,836,620.66 | 3,313,452.52 |
| Long-termpayables | V.44 | 104,644,415.20 | 446,194,591.92 |
| Long-termpayrollpayable | V.45 | 175,712,728.00 | 164,408,471.00 |
| Estimatedliabilities | |||
| Deferredincome | V.46 | 3,340,211,330.23 | 2,702,653,897.78 |
| Deferredincometaxliabilities | V.27 | 2,225,127,743.74 | 2,293,912,513.79 |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 36,776,774,049.04 | 14,571,347,185.31 | |
| Totalliabilities | 253,148,710,864.63 | 211,672,732,613.87 | |
| Shareholders’equity: | |||
| Sharecapital | V.47 | 5,631,405,741.00 | 5,914,469,040.00 |
| Otherequityinstruments | |||
| Including:Preferredshare | |||
| Perpetualbond | |||
| Capitalreserves | V.48 | 496,102,011.66 | 125,874,127.56 |
| Less:Treasuryshare | V.49 | 5,643,935,587.86 | 19,579,646,233.43 |
| Othercomprehensiveincome | V.50 | 2,042,901,605.04 | 11,204,004,355.27 |
| Specialreserves | V.51 | 25,845,351.28 | 22,403,846.26 |
| Surplusreserves | V.52 | 2,241,118,692.92 | 1,983,727,107.74 |
| Generalriskprovisions | V.53 | 507,223,117.40 | 505,599,356.30 |
| Undistributedprofits | V.54 | 91,458,073,960.81 | 103,475,223,000.17 |
| Totalequityattributabletoshareholdersoftheparentcompany | 96,758,734,892.25 | 103,651,654,599.87 | |
| Minorityequity | 5,117,313,121.94 | 4,273,796,566.64 | |
| Totalequity | 101,876,048,014.19 | 107,925,451,166.51 | |
| Totalliabilitiesandshareholders'equity | 355,024,758,878.82 | 319,598,183,780.38 | |
| LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi | |||
| ConsolidatedIncomeStatement | |||
| JanuarytoDecember,2022 | |||
| Preparedby:GreeElectricAppliances,Inc.ofZhuhai | Unit:yuan | ||
| Item | Note | 2022 | 2021 |
| I.Totaloperatingrevenue | 190,150,672,542.13 | 189,654,033,523.50 | |
| Including:Operatingrevenue | V.55 | 188,988,382,706.68 | 187,868,874,892.71 |
| Interestincome | V.56 | 1,162,289,741.08 | 1,785,060,001.28 |
| Feeandcommissionincome | 94.37 | 98,629.51 | |
| II.Totaloperatingcosts | 162,107,253,847.61 | 163,521,848,332.24 | |
| Including:Operatingcosts | V.55 | 139,784,387,882.78 | 142,251,638,589.87 |
| Interestexpense | V.56 | 82,118,835.96 | 523,238,956.03 |
| Feeandcommissionexpenses | 423,034.83 | 815,760.35 | |
| Taxesandsurcharges | V.57 | 1,612,243,409.40 | 1,076,664,461.78 |
| Salesexpenses | V.58 | 11,285,451,112.27 | 11,581,735,617.31 |
| Administrativeexpenses | V.59 | 5,267,999,733.62 | 4,051,241,003.05 |
| R&Dexpenses | V.60 | 6,281,394,430.40 | 6,296,715,941.03 |
| Financialexpenses | V.61 | -2,206,764,591.65 | -2,260,201,997.18 |
| Including:Interestexpenses | 2,836,743,431.08 | 1,752,112,003.72 | |
| Interestincome | 4,646,747,718.69 | 4,242,449,764.06 | |
| Add:Otherincome | V.62 | 879,809,512.05 | 832,177,253.43 |
| Incomefrominvestments(lossesexpressedwith"?") | V.63 | 86,883,941.74 | 522,063,222.58 |
| Including:Investmentincomefromjointventuresorassociates | -3,324,287.24 | 51,594,928.82 | |
| Incomefromderecognitionoffinancialassetsmeasuredatamortizationcosts | |||
| Incomefromnetexposurehedging(lossesexpressedwith"?") | |||
| Incomefromchangesinfairvalue(lossesexpressedwith"?") | V.64 | -343,575,705.11 | -58,130,545.10 |
| Creditimpairmentlosses(lossesexpressedwith"?") | V.65 | -416,368,773.22 | -150,980,869.74 |
| Assetimpairmentlosses(lossesexpressedwith"?") | V.66 | -966,679,009.51 | -606,161,255.62 |
| Incomefromdisposalofassets(lossesexpressedwith"?") | V.67 | 608,425.71 | 6,212,295.19 |
| III.Operatingprofits(lossesexpressedwith"?") | 27,284,097,086.18 | 26,677,365,292.00 | |
| Add:Non-operatingrevenue | V.68 | 59,810,331.36 | 154,321,776.87 |
| Less:Non-operatingexpenses | V.69 | 126,522,574.93 | 28,449,570.30 |
| IV.Totalprofits(totallossesexpressedwith"?") | 27,217,384,842.61 | 26,803,237,498.57 | |
| Less:Incometaxexpenses | V.70 | 4,206,040,489.50 | 3,971,343,865.68 |
| V.Netprofits(netlossesexpressedwith"?") | 23,011,344,353.11 | 22,831,893,632.89 | |
| (I)Classificationbybusinesscontinuity | |||
| 1.Netprofitsfromcontinuingoperations(netlossesexpressedwith"?") | 23,011,552,161.18 | 22,831,895,323.32 | |
| 2.Netprofitsfromdiscontinuingoperations(netlossesexpressedwith"?") | -207,808.07 | -1,690.43 | |
| (II)Classificationbyownership | |||
| 1.Netprofitsattributabletoshareholdersoftheparentcompany(netlossesexpressedwith"?") | 24,506,623,782.46 | 23,063,732,372.62 | |
| 2.Minorityprofitsandlosses(netlossesexpressedwith"?") | -1,495,279,429.35 | -231,838,739.73 | |
| VI.Netoftaxofothercomprehensiveincome | V.50 | -9,157,870,577.73 | 3,923,057,187.22 |
| (I)Netoftaxofothercomprehensiveincomeattributableshareholdersoftheparentcompany | -9,161,102,750.23 | 3,922,893,977.40 | |
| 1.Othercomprehensiveincomethatcannotbereclassifiedintoprofitsandlosses | -9,426,072,167.28 | 3,977,359,915.54 | |
| (1)Changesarisingfromremeasurementofthedefinedbenefitplan | -8,601,949.00 | -12,391,783.00 | |
| (2)Othercomprehensiveincomethatcannotbetransferredtoprofitsandlossesundertheequitymethod | -4,749,379,513.24 | 1,849,833,156.32 | |
| (3)Changesinfairvalueofotherequityinstrumentinvestments | -4,668,090,705.04 | 2,139,918,542.22 | |
| (4)ChangesinfairvalueoftheCompany'sowncreditrisk | |||
| (5)Others | |||
| 2.Othercomprehensiveincometobereclassifiedintoprofitsandlosses | 264,969,417.05 | -54,465,938.14 | |
| (1)Othercomprehensiveincomethatcanbetransferredtoprofitsandlossesundertheequitymethod | -208,819.44 | ||
| (2)Changesinfairvalueofotherdebtinvestments | 51,928,741.98 | -2,346,134.55 | |
| (3)Amountoffinancialassetsreclassifiedintoandincludedinothercomprehensiveincome | |||
| (4)Provisionforcreditimpairmentofotherdebtinvestments | -3,667,360.51 | ||
| (5)Cashflowhedgingreserves | -24,846,643.18 | 6,966,706.25 | |
| (6)Differencearisingfromtranslationoffinancialstatementsinforeigncurrency | 241,554,678.76 | -58,877,690.40 | |
| (II)Netoftaxofothercomprehensiveincomeattributabletominorityshareholders | 3,232,172.50 | 163,209.82 | |
| VII.Totalcomprehensiveincome | 13,853,473,775.38 | 26,754,950,820.11 | |
| (I)Totalcomprehensiveincomeattributabletoshareholdersoftheparentcompany | 15,345,521,032.23 | 26,986,626,350.02 | |
| (II)Totalcomprehensiveincomeattributabletominorityshareholders | -1,492,047,256.85 | -231,675,529.91 | |
| VIII.Earningspershare: | |||
| (I)Basicearningspershare(yuan/share) | 4.43 | 4.04 | |
| (II)Dilutedearningspershare(yuan/share) | 4.43 | 4.04 | |
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
| ConsolidatedCashFlowStatement | |||
| JanuarytoDecember,2022 | |||
| Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan | |||
| Item | Note | 2022 | 2021 |
| I.Cashflowsfromoperatingactivities: | |||
| Cashreceivedfromsaleofgoodsorrenderingofservices | 191,722,692,750.88 | 169,646,517,565.79 | |
| Netincreaseindepositsfromcustomersandinterbank | 36,042,751.33 | -78,563,388.63 | |
| Netincreaseinborrowingsfromthecentralbank | |||
| Netincreaseinloansfromotherbanks | -300,000,000.00 | ||
| Cashreceivedforinterests,feesandcommissions | 316,385,822.75 | 955,723,978.81 | |
| Netincreaseinloansfromotherbanks | |||
| Netincreaseinrepurchasebusinesscapital | -746,500,000.00 | 271,500,000.00 | |
| Refundoftaxesandlevies | 3,671,277,018.74 | 2,467,381,243.01 | |
| Othercashreceivedrelatedtooperatingactivities | V.71.(1) | 3,887,782,462.69 | 3,938,701,318.02 |
| Subtotalofcashinflowsfromoperatingactivities | 198,587,680,806.39 | 177,201,260,717.00 | |
| Cashpaymentsforgoodsacquiredandservicesreceived | 140,307,498,966.97 | 145,601,518,405.47 | |
| Netincreaseincustomerloansandadvances | -3,541,760,000.00 | -1,131,768,349.46 | |
| Netincreaseindepositswithcentralbankandinterbankfunds | -142,968,622.64 | -633,908,556.69 | |
| Netincreaseinlendingfunds | |||
| Cashpaidforinterests,feesandcommissions | 72,151,067.99 | 525,419,503.63 | |
| Cashpaidtoandonbehalfofemployees | 10,236,422,672.26 | 9,848,593,392.99 | |
| Paymentsofalltypesoftaxes | 12,501,020,989.21 | 8,371,839,466.55 | |
| Othercashpaidrelatedtooperatingactivities | V.71.(2) | 10,486,879,811.33 | 12,725,203,595.79 |
| Subtotalofcashoutflowsfromoperatingactivities | 169,919,244,885.12 | 175,306,897,458.28 | |
| Netcashflowsfromoperatingactivities | 28,668,435,921.27 | 1,894,363,258.72 | |
| II.Cashflowsfrominvestmentactivities: | |||
| Cashreceivedfromrecoveryofinvestment | 6,897,604,278.47 | 7,349,802,107.98 | |
| Cashreceivedfromreturnofinvestment | 96,017,802.71 | 161,515,418.96 | |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 22,767,686.65 | 14,956,809.63 | |
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | V.72.(3) | 67,258,353.52 | 13,498,800.00 |
| Othercashreceivedrelatedtoinvestmentactivities | V.71.(3) | 3,443,556,899.78 | 47,851,587,196.05 |
| Subtotalofcashinflowsfrominvestmentactivities | 10,527,205,021.13 | 55,391,360,332.62 | |
| Cashpaidforpurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 6,036,136,315.75 | 5,727,074,800.44 | |
| Cashpaidforinvestments | 13,467,910,481.50 | 18,154,432,702.74 | |
| Netcashpaidforacquisitionofsubsidiariesandotherbusinessunits | V.72.(2) | 2,031,361,368.42 | 1,747,336,403.99 |
| Othercashpaidrelatedtoinvestmentactivities | V.71.(4) | 26,048,629,646.87 | 10,532,866.10 |
| Subtotalofcashoutflowsfrominvestmentactivities | 47,584,037,812.54 | 25,639,376,773.27 | |
| Netcashflowsfrominvestmentactivities | -37,056,832,791.41 | 29,751,983,559.35 | |
| III.Cashflowsfromfinancingactivities: | |||
| Cashreceivedfromabsorbinginvestment | 32,000,000.00 | 45,113,614.81 | |
| Including:Cashreceivedfromsubsidiariesabsorbingminorityshareholderinvestments | 32,000,000.00 | 45,113,614.81 | |
| Cashreceivedfromborrowings | 102,926,746,831.03 | 88,802,444,041.60 | |
| Othercashreceivedrelatedtofinancingactivities | V.71.(5) | 20,000,000.00 | 1,143,534,793.64 |
| Subtotalofcashinflowsfromfinancingactivities | 102,978,746,831.03 | 89,991,092,450.05 | |
| Cashrepaymentsofamountsborrowed | 60,908,105,526.39 | 57,868,429,527.67 | |
| Cashpaidfordividendandprofitdistributionorinterestpayment | 18,469,103,441.58 | 17,546,695,095.00 | |
| Including:Dividendsandprofitspaidtominorityshareholdersbysubsidiaries | 49,000,000.00 | ||
| Othercashpaidrelatedtofinancingactivities | V.71.(6) | 13,678,745,549.95 | 39,906,551,717.86 |
| Subtotalofcashoutflowsfromfinancingactivities | 93,055,954,517.92 | 115,321,676,340.53 | |
| Netcashflowsfromfinancingactivities | 9,922,792,313.11 | -25,330,583,890.48 | |
| IV.Effectofforeignexchangeratechangesoncashandcashequivalents | 268,517,494.64 | -589,068,807.74 | |
| V.Netincreaseincashandcashequivalents | 1,802,912,937.61 | 5,726,694,119.85 | |
| Add:Beginningbalanceofcashandcashequivalents | 29,951,743,758.00 | 24,225,049,638.15 | |
| VI.Endingbalanceofcashandcashequivalents | 31,754,656,695.61 | 29,951,743,758.00 | |
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzii
ConsolidatedStatementofChangesinShareholders’Equity
JanuarytoDecember,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | 2022 | |||||||||||||
| Equityattributabletoshareholdersoftheparentcompany | Minorityequity | Totalequity | ||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasuryshare | Othercomprehensiveincome | Specialreserves | Surplusreserve | Generalriskprovisions | Undistributedprofits | Subtotal | |||||
| Preferredshare | Perpetualbond | Others | ||||||||||||
| I.Endingbalanceofthepreviousyear | 5,914,469,040.00 | 125,874,127.56 | 19,579,646,233.43 | 11,204,004,355.27 | 22,403,846.26 | 1,983,727,107.74 | 505,599,356.30 | 103,475,223,000.17 | 103,651,654,599.87 | 4,273,796,566.64 | 107,925,451,166.51 | |||
| Add:Changesinaccountingpolicies | ||||||||||||||
| Earlyerrorcorrection | ||||||||||||||
| Businesscombinationundercommoncontrol | ||||||||||||||
| II.Beginningbalanceofthecurrentyear | 5,914,469,040.00 | 125,874,127.56 | 19,579,646,233.43 | 11,204,004,355.27 | 22,403,846.26 | 1,983,727,107.74 | 505,599,356.30 | 103,475,223,000.17 | 103,651,654,599.87 | 4,273,796,566.64 | 107,925,451,166.51 | |||
| III.Increaseordecreaseinthecurrentyear(decreaseexpressedwith"?") | -283,063,299.00 | 370,227,884.10 | -13,935,710,645.57 | -9,161,102,750.23 | 3,441,505.02 | 257,391,585.18 | 1,623,761.10 | -12,017,149,039.36 | -6,892,919,707.62 | 843,516,555.30 | -6,049,403,152.32 | |||
| (I)Totalcomprehensiveincome | -9,118,287,340.45 | 24,506,623,782.46 | 15,388,336,442.01 | -1,488,212,820.78 | 13,900,123,621.23 | |||||||||
| (II)Capitalinvestedandreducedbyshareholders | -283,063,299.00 | 370,227,884.10 | -13,935,710,645.57 | -1,983,727,107.74 | -12,097,640,969.32 | -58,492,846.39 | 2,387,192,801.09 | 2,328,699,954.70 | ||||||
| 1.Ordinarysharesinvestedbyshareholders | 32,000,000.00 | 32,000,000.00 | ||||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | ||||||||||||||
| 3.Amountofshare-basedpaymentsrecognizedinshareholders'equity | 370,227,884.10 | 370,227,884.10 | 352,740.48 | 370,580,624.58 | ||||||||||
| 4.Others | -283,063,299.00 | -13,935,710,645.57 | -1,983,727,107.74 | -12,097,640,969.32 | -428,720,730.49 | 2,354,840,060.61 | 1,926,119,330.12 | |||||||
| (III)Profitdistribution | 2,237,070,151.57 | 1,623,761.10 | -24,462,568,724.67 | -22,223,874,812.00 | -61,203,558.59 | -22,285,078,370.59 | ||||||||
| 1.Withdrawalofsurplusreserves | 2,237,070,151.57 | -2,237,070,151.57 | ||||||||||||
| 2.Withdrawalofgeneralriskprovisions | 1,623,761.10 | -1,623,761.10 | ||||||||||||
| 3.Distributiontoshareholders | -22,223,874,812.00 | -22,223,874,812.00 | -61,203,558.59 | -22,285,078,370.59 | ||||||||||
| 4.Others | ||||||||||||||
| (IV)Internalcarry-overofshareholders'equity | -42,815,409.78 | 4,048,541.35 | 36,436,872.17 | -2,329,996.26 | -2,329,996.26 | |||||||||
| 1.Transferofcapitalreservesintocapital(orsharecapital) | ||||||||||||||
| 2.Transferofsurplusreservesintocapital(orsharecapital) | ||||||||||||||
| 3.Surplusreservesformakinguplosses | ||||||||||||||
| 4.Changesindefinedbenefitplancarriedforwardtoretainedearnings | ||||||||||||||
| 5.Othercomprehensiveincomecarriedforwardtoretainedearnings | -42,815,409.78 | 4,048,541.35 | 36,436,872.17 | -2,329,996.26 | -2,329,996.26 | |||||||||
| 6.Others | ||||||||||||||
| (V)Specialreserves | 3,441,505.02 | 3,441,505.02 | 5,740,133.58 | 9,181,638.60 | ||||||||||
| 1.Withdrawalinthecurrentperiod | 6,207,315.33 | 6,207,315.33 | 6,367,313.24 | 12,574,628.57 | ||||||||||
| 2.Amountusedinthecurrentperiod | 2,765,810.31 | 2,765,810.31 | 627,179.66 | 3,392,989.97 | ||||||||||
| (VI)Others | ||||||||||||||
| IV.Endingbalanceofthisyear | 5,631,405,741.00 | 496,102,011.66 | 5,643,935,587.86 | 2,042,901,605.04 | 25,845,351.28 | 2,241,118,692.92 | 507,223,117.40 | 91,458,073,960.81 | 96,758,734,892.25 | 5,117,313,121.94 | 101,876,048,014.19 | |||
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
ConsolidatedStatementofChangesinShareholders’Equity(Continued)
JanuarytoDecember,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | 2021 | |||||||||||||
| Equityattributabletoshareholdersoftheparentcompany | Minorityequity | Totalequity | ||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasuryshare | Othercomprehensiveincome | Specialreserves | Surplusreserves | Generalriskprovisions | Undistributedprofits | Subtotal | |||||
| Preferredshare | Perpetualbond | Others | ||||||||||||
| I.Endingbalanceofthepreviousyear | 6,015,730,878.00 | 121,850,280.68 | 5,182,273,853.90 | 7,396,060,195.47 | 3,499,671,556.59 | 497,575,772.26 | 102,841,596,377.66 | 115,190,211,206.76 | 1,690,275,881.38 | 116,880,487,088.14 | ||||
| Add:Changesinaccountingpolicies | ||||||||||||||
| Earlyerrorcorrection | ||||||||||||||
| Businesscombinationundercommoncontrol | ||||||||||||||
| II.Beginningbalanceofthecurrentyear | 6,015,730,878.00 | 121,850,280.68 | 5,182,273,853.90 | 7,396,060,195.47 | 3,499,671,556.59 | 497,575,772.26 | 102,841,596,377.66 | 115,190,211,206.76 | 1,690,275,881.38 | 116,880,487,088.14 | ||||
| III.Increaseordecreaseinthecurrentyear(decreaseexpressedwith“?”) | -101,261,838.00 | 4,023,846.88 | 14,397,372,379.53 | 3,807,944,159.80 | 22,403,846.26 | -1,515,944,448.85 | 8,023,584.04 | 633,626,622.51 | -11,538,556,606.89 | 2,583,520,685.26 | -8,955,035,921.63 | |||
| (I)Totalcomprehensiveincome | 3,922,893,977.40 | 23,063,732,372.62 | 26,986,626,350.02 | -231,675,529.91 | 26,754,950,820.11 | |||||||||
| (II)Capitalinvestedandreducedbyshareholders | -101,261,838.00 | 4,023,846.88 | 14,397,372,379.53 | 21,259,298.20 | -3,499,671,556.59 | -3,794,252,950.50 | -21,767,275,579.54 | 2,864,813,072.60 | -18,902,462,506.94 | |||||
| 1.Ordinarysharesinvestedbyshareholders | 49,331,294.00 | 49,331,294.00 | ||||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | ||||||||||||||
| 3.Amountofshare-basedpaymentsrecognizedinshareholders'equity | 31,002,910.71 | 31,002,910.71 | 31,002,910.71 | |||||||||||
| 4.Others | -101,261,838.00 | -26,979,063.83 | 14,397,372,379.53 | 21,259,298.20 | -3,499,671,556.59 | -3,794,252,950.50 | -21,798,278,490.25 | 2,815,481,778.60 | -18,982,796,711.65 | |||||
| (III)Profitdistribution | 1,983,727,107.74 | 8,023,584.04 | -18,744,282,186.78 | -16,752,531,495.00 | -49,903,893.39 | -16,802,435,388.39 | ||||||||
| 1.Withdrawalofsurplusreserves | 1,983,727,107.74 | -1,983,727,107.74 | ||||||||||||
| 2.Withdrawalofgeneralriskprovisions | 8,023,584.04 | -8,023,584.04 | ||||||||||||
| 3.Distributiontoshareholders | -16,752,531,495.00 | -16,752,531,495.00 | -49,903,893.39 | -16,802,435,388.39 | ||||||||||
| 4.Others | ||||||||||||||
| (IV)Internalcarry-overofshareholders'equity | -114,949,817.60 | 108,429,387.17 | -6,520,430.43 | -6,520,430.43 | ||||||||||
| 1.Transferofcapitalreservesintocapital(orsharecapital) | ||||||||||||||
| 2.Transferofsurplusreservesintocapital(orsharecapital) | ||||||||||||||
| 3.Surplusreservesformakinguplosses | ||||||||||||||
| 4.Changesindefinedbenefitplancarriedforwardtoretainedearnings | ||||||||||||||
| 5.Othercomprehensiveincomecarriedforwardtoretainedearnings | -114,949,817.60 | 108,429,387.17 | -6,520,430.43 | -6,520,430.43 | ||||||||||
| 6.Others | ||||||||||||||
| (V)Specialreserves | 1,144,548.06 | 1,144,548.06 | 287,035.96 | 1,431,584.02 | ||||||||||
| 1.Withdrawalinthecurrentperiod | 2,404,215.46 | 2,404,215.46 | 552,286.62 | 2,956,502.08 | ||||||||||
| 2.Amountusedinthecurrentperiod | 1,259,667.40 | 1,259,667.40 | 265,250.66 | 1,524,918.06 | ||||||||||
| (VI)Others | ||||||||||||||
| IV.Endingbalanceofthisyear | 5,914,469,040.00 | 125,874,127.56 | 19,579,646,233.43 | 11,204,004,355.27 | 22,403,846.26 | 1,983,727,107.74 | 505,599,356.30 | 103,475,223,000.17 | 103,651,654,599.87 | 4,273,796,566.64 | 107,925,451,166.51 | |||
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
BalanceSheetofParentCompany
December31,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | Note | December31,2022 | December31,2021 |
| Currentassets: | |||
| Monetaryfunds | 138,498,302,123.84 | 100,413,441,304.10 | |
| Tradingfinancialassets | 3,826,643,235.64 | ||
| Derivativefinancialassets | 21,610,541.29 | ||
| Notesreceivable | |||
| Accountsreceivable | XV.1 | 2,811,623,322.77 | 3,685,619,949.29 |
| Receivablesfinancing | 24,888,338,026.70 | 21,973,920,103.73 | |
| Advancepayments | 28,967,607,814.23 | 23,689,469,573.43 | |
| Otherreceivables | XV.2 | 3,602,220,649.55 | 2,076,879,180.43 |
| Including:Interestsreceivable | |||
| Dividendsreceivable | |||
| Inventory | 9,662,044,202.39 | 10,215,532,982.28 | |
| Contractassets | |||
| Assetsheldforsale | |||
| Non-currentassetsduewithinoneyear | 3,275,847,602.74 | 10,969,772,555.56 | |
| Othercurrentassets | 2,524,365,397.75 | 5,506,040,199.45 | |
| Totalcurrentassets | 218,056,992,375.61 | 178,552,286,389.56 | |
| Non-currentassets: | |||
| Debtinvestment | 150,351,500.00 | ||
| Otherdebtinvestments | 13,312,747,743.53 | 5,182,465,277.78 | |
| Long-termreceivables | |||
| Long-termequityinvestments | XV.3 | 29,292,448,754.90 | 29,888,588,986.29 |
| Otherequityinstrumentinvestments | 4,498,529,086.64 | 9,889,910,814.28 | |
| Othernon-currentfinancialassets | 4,428,003,204.49 | 81,309,327.39 | |
| Investmentrealestate | 17,569,355.86 | 19,871,480.80 | |
| Fixedassets | 3,291,354,893.44 | 2,535,403,625.71 | |
| Constructioninprogress | 460,979,229.34 | 907,483,903.01 | |
| Usufructassets | |||
| Intangibleassets | 823,495,905.07 | 843,960,439.75 | |
| Developmentexpenditures | |||
| Goodwill | |||
| Long-termunamortizedexpenses | |||
| Deferredincometaxassets | 11,399,848,879.09 | 10,730,613,644.43 | |
| Othernon-currentassets | 897,709,314.22 | 86,616,430.09 | |
| Totalnon-currentassets | 68,573,037,866.58 | 60,166,223,929.53 | |
| Totalassets | 286,630,030,242.19 | 238,718,510,319.09 |
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
BalanceSheetofParentCompany(Continued)
December31,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | Note | December31,2022 | December31,2021 |
| Currentliabilities: | |||
| Short-termborrowings | 39,282,170,543.24 | 18,068,823,304.24 | |
| Transactionfinancialliabilities | |||
| Derivativefinancialliabilities | 36,789,650.89 | ||
| Notespayable | 35,967,986,466.43 | 35,673,937,662.52 | |
| Accountspayable | 49,009,643,905.62 | 33,677,905,272.50 | |
| Advancereceipts | |||
| Contractliabilities | 9,160,537,495.63 | 12,219,603,424.23 | |
| Payrollpayable | 1,584,146,109.11 | 1,464,834,311.62 | |
| Taxesandduespayable | 2,053,684,659.63 | 1,067,213,552.76 | |
| Otherpayables | 8,044,168,532.69 | 2,470,038,943.73 | |
| Including:Interestspayable | |||
| Dividendspayable | 5,614,444,494.87 | 602,881.87 | |
| Liabilitiesheldforsale | |||
| Non-currentliabilitiesduewithinoneyear | 135,037,104.90 | ||
| Othercurrentliabilities | 55,848,213,083.79 | 59,674,216,467.38 | |
| Totalcurrentliabilities | 200,987,340,447.03 | 164,451,610,043.88 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 27,272,830,327.56 | 6,606,444,166.67 | |
| Bondspayable | |||
| Including:Preferredshare | |||
| Perpetualbond | |||
| Leaseliabilities | |||
| Long-termpayables | |||
| Long-termpayrollpayable | 175,712,728.00 | 164,408,471.00 | |
| Estimatedliabilities | |||
| Deferredincome | 81,520,036.95 | 85,326,589.00 | |
| Deferredincometaxliabilities | 710,194,350.26 | 1,291,446,408.46 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 28,240,257,442.77 | 8,147,625,635.13 | |
| Totalliabilities | 229,227,597,889.80 | 172,599,235,679.01 | |
| Shareholders’equity: | |||
| Sharecapital | 5,631,405,741.00 | 5,914,469,040.00 | |
| Otherequityinstruments | |||
| Including:Preferredshare | |||
| Perpetualbond | |||
| Capitalreserves | 479,849,106.94 | 109,621,222.84 | |
| Less:Treasuryshare | 5,643,935,587.86 | 19,579,646,233.43 | |
| Othercomprehensiveincome | 2,390,383,701.31 | 11,663,015,593.78 | |
| Specialreserves | |||
| Surplusreserves | 2,240,943,653.27 | 1,983,727,107.74 | |
| Undistributedprofits | 52,303,785,737.73 | 66,028,087,909.15 | |
| Totalequity | 57,402,432,352.39 | 66,119,274,640.08 | |
| Totalliabilitiesandshareholders'equity | 286,630,030,242.19 | 238,718,510,319.09 |
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
IncomeStatementofParentCompany
JanuarytoDecember,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | Note | 2022 | 2021 |
| I.Operatingrevenue | XV.4 | 119,790,450,591.45 | 117,502,214,959.15 |
| Less:Operatingcosts | XV.4 | 84,193,036,470.44 | 84,576,440,398.57 |
| Taxesandsurcharges | 612,252,827.55 | 268,607,695.48 | |
| Salesexpenses | 10,387,387,452.52 | 9,733,828,322.47 | |
| Generalandadministrationexpense(G&Aexpense) | 1,052,070,843.18 | 875,539,864.96 | |
| R&Dexpenses | 4,858,805,454.26 | 4,964,928,966.97 | |
| Financialexpenses | -2,676,657,645.12 | -3,058,810,928.42 | |
| Including:Interestexpenses | 2,088,897,062.24 | 1,312,749,932.63 | |
| Interestincome | 4,994,497,152.18 | 4,719,654,050.92 | |
| Add:Otherincome | 197,947,953.08 | 98,992,747.91 | |
| Incomefrominvestments(lossesexpressedwith"?") | XV.5 | 3,978,824,626.50 | 2,960,166,670.54 |
| Including:Investmentincomefromjointventuresorassociates | -13,564,461.54 | -12,905,170.50 | |
| Incomefromderecognitionoffinancialassetsmeasuredatamortizationcosts | |||
| Incomefromnetexposurehedging(lossesexpressedwith"?") | |||
| Incomefromchangesinfairvalue(lossesexpressedwith"?") | -21,732,079.44 | -57,612,527.32 | |
| Creditimpairmentlosses(lossesexpressedwith"?") | 29,008,430.71 | 47,932,902.68 | |
| Assetimpairmentlosses(lossesexpressedwith"?") | -116,830,227.19 | -482,109,320.46 | |
| Incomefromdisposalofassets(lossesexpressedwith"?") | -12,890.45 | 1,775,599.93 | |
| II.Operatingprofits(lossesexpressedwith"?") | 25,430,761,001.83 | 22,710,826,712.40 | |
| Add:Non-operatingrevenue | 9,279,405.22 | 19,734,701.84 | |
| Less:Non-operatingexpenses | 2,780,548.68 | 2,241,847.84 | |
| III.Totalprofits(totallossesexpressedwith"?") | 25,437,259,858.37 | 22,728,319,566.40 | |
| Less:Incometaxexpenses | 3,066,558,342.67 | 2,891,048,488.98 | |
| IV.Netprofits(netlossesexpressedwith"?") | 22,370,701,515.70 | 19,837,271,077.42 | |
| (I)Netprofitsfromcontinuingoperations(netlossesexpressedwith"?") | 22,370,701,515.70 | 19,837,271,077.42 | |
| (II)Netprofitsfromdiscontinuingoperations(netlossesexpressedwith"?") | |||
| V.Netoftaxofothercomprehensiveincome | -9,272,631,892.47 | 4,014,556,367.52 | |
| (I)Othercomprehensiveincomethatcannotbereclassifiedintoprofitsandlosses | -9,308,453,566.04 | 4,016,410,674.15 | |
| 1.Changesarisingfromremeasurementofthedefinedbenefitplan | -8,601,949.00 | -12,391,783.00 | |
| 2.Othercomprehensiveincomethatcannotbetransferredtoprofitsandlossesundertheequitymethod | -4,747,875,029.30 | 1,849,833,156.32 | |
| 3.Changesinfairvalueofotherequityinstrumentinvestments | -4,551,976,587.74 | 2,178,969,300.83 | |
| 4.ChangesinfairvalueoftheCompany'sowncreditrisk | |||
| 5.Others | |||
| (II)Othercomprehensiveincometobereclassifiedintoprofitsandlosses | 35,821,673.57 | -1,854,306.63 | |
| 1.Othercomprehensiveincomethatcanbetransferredtoprofitsandlossesundertheequitymethod | |||
| 2.Changesinfairvalueofotherdebtinvestments | 60,670,722.32 | -8,821,012.88 | |
| 3.Amountoffinancialassetsreclassifiedintoandincludedinothercomprehensiveincome | |||
| 4.Provisionforcreditimpairmentofotherdebtinvestments | |||
| 5.Cashflowhedgingreserves | -24,849,048.75 | 6,966,706.25 | |
| 6.Differencearisingfromtranslationoffinancialstatementsinforeigncurrency | |||
| 7.Others | |||
| VI.Totalcomprehensiveincome | 13,098,069,623.23 | 23,851,827,444.94 |
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
CashFlowStatementofParentCompany
JanuarytoDecember,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | Note | 2022 | 2021 |
| I.Cashflowsfrom/(usedin)operatingactivities: | |||
| Cashreceivedfromsalesofgoodsorrenderingofservices | 109,450,181,009.15 | 96,059,533,928.05 | |
| Refundoftaxesandlevies | 1,435,352,776.76 | 2,115,966,444.28 | |
| Othercashreceivedrelatedtooperatingactivities | 46,980,196,866.35 | 50,710,080,340.57 | |
| Subtotalofcashinflowsfromoperatingactivities | 157,865,730,652.26 | 148,885,580,712.90 | |
| Cashpaymentsforgoodsacquiredandservicesreceived | 116,205,098,866.43 | 116,836,791,145.16 | |
| Cashpaidtoandonbehalfofemployees | 3,092,307,818.11 | 3,576,725,919.34 | |
| Paymentsofalltypesoftaxes | 7,430,521,751.61 | 4,278,081,434.78 | |
| Othercashpaidrelatedtooperatingactivities | 8,763,205,023.74 | 18,436,681,133.15 | |
| Subtotalofcashoutflowsfromoperatingactivities | 135,491,133,459.89 | 143,128,279,632.43 | |
| Netcashflowsfrom/(usedin)operatingactivities | 22,374,597,192.37 | 5,757,301,080.47 | |
| II.Cashflowsfrom/(usedin)investmentactivities: | |||
| Cashreceivedfromdisposalofinvestment | 6,392,709,278.47 | 7,204,261,026.83 | |
| Cashreceivedfromreturnofinvestment | 100,686,978.57 | 93,574,837.20 | |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 6,678.00 | 668,332.00 | |
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | |||
| Othercashreceivedrelatedtoinvestmentactivities | 3,859,149,215.21 | 44,645,766,820.10 | |
| Subtotalofcashinflowsfrominvestmentactivities | 10,352,552,150.25 | 51,944,271,016.13 | |
| Cashpaidforpurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 1,310,618,056.46 | 791,819,639.99 | |
| Cashpaidforinvestments | 13,307,412,872.29 | 19,474,047,673.02 | |
| Netcashpaidforacquisitionofsubsidiariesandotherbusinessunits | 2,423,031,350.00 | 1,828,275,113.56 | |
| Othercashpaidrelatedtoinvestmentactivities | 27,971,602,744.39 | 1,693,811,425.80 | |
| Subtotalofcashoutflowsfrominvestmentactivities | 45,012,665,023.14 | 23,787,953,852.37 | |
| Netcashflowsfrom/(usedin)investmentactivities | -34,660,112,872.89 | 28,156,317,163.76 | |
| III.Cashflowsfrom/(usedin)financingactivities: | |||
| Cashreceivedfromabsorbinginvestment | |||
| Cashreceivedfromborrowings | 72,179,295,627.37 | 63,139,445,175.64 | |
| Othercashreceivedrelatedtofinancingactivities | 2,320,913,943.00 | 2,441,352,006.04 | |
| Subtotalofcashinflowsfromfinancingactivities | 74,500,209,570.37 | 65,580,797,181.68 | |
| Cashrepaymentsofamountsborrowed | 29,745,813,719.56 | 50,350,925,464.00 | |
| Cashpaidfordividendandprofitdistributionorinterestpayment | 18,022,950,452.52 | 17,449,330,238.22 | |
| Othercashpaidrelatedtofinancingactivities | 15,019,655,898.35 | 28,618,739,788.45 | |
| Subtotalofcashoutflowsfromfinancingactivities | 62,788,420,070.43 | 96,418,995,490.67 | |
| Netcashflowsfrom/(usedin)financingactivities | 11,711,789,499.94 | -30,838,198,308.99 | |
| IV.Effectofforeignexchangeratechangesoncashandcashequivalents | 161,480,573.74 | -228,723,815.38 | |
| V.Netincreaseincashandcashequivalents | -412,245,606.84 | 2,846,696,119.86 | |
| Add:Beginningbalanceofcashandcashequivalents | 19,966,476,899.91 | 17,119,780,780.05 | |
| VI.Endingbalanceofcashandcashequivalents | 19,554,231,293.07 | 19,966,476,899.91 |
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
StatementofChangesinShareholders’EquityofParentCompany
JanuarytoDecember,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | 2022 | ||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasuryshare | Othercomprehensiveincome | Specialreserves | Surplusreserves | Undistributedprofits | Totalequity | |||
| Preferredshare | Perpetualbond | Others | |||||||||
| I.Endingbalanceofthepreviousyear | 5,914,469,040.00 | 109,621,222.84 | 19,579,646,233.43 | 11,663,015,593.78 | 1,983,727,107.74 | 66,028,087,909.15 | 66,119,274,640.08 | ||||
| Add:Changesinaccountingpolicies | |||||||||||
| Earlyerrorcorrection | |||||||||||
| Others | |||||||||||
| II.Beginningbalanceofthecurrentyear | 5,914,469,040.00 | 109,621,222.84 | 19,579,646,233.43 | 11,663,015,593.78 | 1,983,727,107.74 | 66,028,087,909.15 | 66,119,274,640.08 | ||||
| III.Increaseordecreaseinthecurrentyear(decreaseexpressedwith“?”) | -283,063,299.00 | 370,227,884.10 | -13,935,710,645.57 | -9,272,631,892.47 | 257,216,545.53 | -13,724,302,171.42 | -8,716,842,287.69 | ||||
| (I)Totalcomprehensiveincome | -9,231,566,879.24 | 22,370,701,515.70 | 13,139,134,636.46 | ||||||||
| (II)Capitalinvestedandreducedbyshareholders | -283,063,299.00 | 370,227,884.10 | -13,935,710,645.57 | -1,983,727,107.74 | -11,668,920,238.83 | 370,227,884.10 | |||||
| 1.Ordinarysharesinvestedbyshareholders | |||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | |||||||||||
| 3.Amountofshare-basedpaymentsrecognizedinshareholders'equity | 370,227,884.10 | 370,227,884.10 | |||||||||
| 4.Others | -283,063,299.00 | -13,935,710,645.57 | -1,983,727,107.74 | -11,668,920,238.83 | |||||||
| (III)Profitdistribution | 2,237,070,151.57 | -24,460,944,963.57 | -22,223,874,812.00 | ||||||||
| 1.Withdrawalofsurplusreserves | 2,237,070,151.57 | -2,237,070,151.57 | |||||||||
| 2.Distributiontoshareholders | -22,223,874,812.00 | -22,223,874,812.00 | |||||||||
| 3.Others | |||||||||||
| (IV)Internalcarry-overofshareholders'equity | -41,065,013.23 | 3,873,501.70 | 34,861,515.28 | -2,329,996.25 | |||||||
| 1.Transferofcapitalreservesintocapital(orsharecapital) | |||||||||||
| 2.Transferofsurplusreservesintocapital(orsharecapital) | |||||||||||
| 3.Surplusreservesformakinguplosses | |||||||||||
| 4.Changesindefinedbenefitplancarriedforwardtoretainedearnings | |||||||||||
| 5.Othercomprehensiveincomecarriedforwardtoretainedearnings | -41,065,013.23 | 3,873,501.70 | 34,861,515.28 | -2,329,996.25 | |||||||
| 6.Others | |||||||||||
| (V)Specialreserves | |||||||||||
| 1.Withdrawalinthecurrentperiod | |||||||||||
| 2.Amountusedinthecurrentperiod | |||||||||||
| (VI)Others | |||||||||||
| IV.Endingbalanceofthisyear | 5,631,405,741.00 | 479,849,106.94 | 5,643,935,587.86 | 2,390,383,701.31 | 2,240,943,653.27 | 52,303,785,737.73 | 57,402,432,352.39 | ||||
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
StatementofChangesinShareholders’EquityofParentCompany(Continued)
JanuarytoDecember,2022Preparedby:GreeElectricAppliances,Inc.ofZhuhaiUnit:yuan
| Item | 2021 | ||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasuryshare | Othercomprehensiveincome | Specialreserves | Surplusreserves | Undistributedprofits | Totalequity | |||
| Preferredshare | Perpetualbond | Others | |||||||||
| I.Endingbalanceofthepreviousyear | 6,015,730,878.00 | 184,850,281.86 | 5,182,273,853.90 | 7,763,409,043.86 | 3,497,114,024.31 | 68,536,203,624.18 | 80,815,033,998.31 | ||||
| Add:Changesinaccountingpolicies | |||||||||||
| Earlyerrorcorrection | |||||||||||
| Others | |||||||||||
| II.Beginningbalanceofthecurrentyear | 6,015,730,878.00 | 184,850,281.86 | 5,182,273,853.90 | 7,763,409,043.86 | 3,497,114,024.31 | 68,536,203,624.18 | 80,815,033,998.31 | ||||
| III.Increaseordecreaseinthecurrentyear(decreaseexpressedwith“?”) | -101,261,838.00 | -75,229,059.02 | 14,397,372,379.53 | 3,899,606,549.92 | -1,513,386,916.57 | -2,508,115,715.03 | -14,695,759,358.23 | ||||
| (I)Totalcomprehensiveincome | 4,014,556,367.52 | 19,837,271,077.42 | 23,851,827,444.94 | ||||||||
| (II)Capitalinvestedandreducedbyshareholders | -101,261,838.00 | -75,229,059.02 | 14,397,372,379.53 | -3,497,114,024.31 | -3,717,557,576.88 | -21,788,534,877.74 | |||||
| 1.Ordinarysharesinvestedbyshareholders | |||||||||||
| 2.Capitalinvestedbyholdersofotherequityinstruments | |||||||||||
| 3.Amountofshare-basedpaymentsrecognizedinshareholders'equity | 31,002,910.71 | 31,002,910.71 | |||||||||
| 4.Others | -101,261,838.00 | -106,231,969.73 | 14,397,372,379.53 | -3,497,114,024.31 | -3,717,557,576.88 | -21,819,537,788.45 | |||||
| (III)Profitdistribution | 1,983,727,107.74 | -18,736,258,602.74 | -16,752,531,495.00 | ||||||||
| 1.Withdrawalofsurplusreserves | 1,983,727,107.74 | -1,983,727,107.74 | |||||||||
| 2.Distributiontoshareholders | -16,752,531,495.00 | -16,752,531,495.00 | |||||||||
| 3.Others | |||||||||||
| (IV)Internalcarry-overofshareholders'equity | -114,949,817.60 | 108,429,387.17 | -6,520,430.43 | ||||||||
| 1.Transferofcapitalreservesintocapital(orsharecapital) | |||||||||||
| 2.Transferofsurplusreservesintocapital(orsharecapital) | |||||||||||
| 3.Surplusreservesformakinguplosses | |||||||||||
| 4.Changesindefinedbenefitplancarriedforwardtoretainedearnings | |||||||||||
| 5.Othercomprehensiveincomecarriedforwardtoretainedearnings | -114,949,817.60 | 108,429,387.17 | -6,520,430.43 | ||||||||
| 6.Others | |||||||||||
| (V)Specialreserves | |||||||||||
| 1.Withdrawalinthecurrentperiod | |||||||||||
| 2.Amountusedinthecurrentperiod | |||||||||||
| (VI)Others | |||||||||||
| IV.Endingbalanceofthisyear | 5,914,469,040.00 | 109,621,222.84 | 19,579,646,233.43 | 11,663,015,593.78 | 1,983,727,107.74 | 66,028,087,909.15 | 66,119,274,640.08 | ||||
LegalRepresentative:DongMingzhuChiefAccountant:LiaoJianxiongHeadofAccountingDepartment:LiuYanzi
GreeElectricAppliances,Inc.ofZhuhaiNotesto2022FinancialStatements
IBasicinformationoftheCompanyGreeElectricAppliances,Inc.ofZhuhai(hereinafterreferredtoas"theCompany")wasfoundedinDecember1989,withtheunifiedsocialcreditcodeof91440400192548256N.AsofDecember31,2022,theregisteredcapitalandsharecapitaloftheCompanywasRMB5,631,405,741.00.PleaserefertoNoteV.47"Sharecapital"fordetailsofthesharecapital.
1.Registeredaddress,organizationalformandaddressoftheCompany
OrganizationalformoftheCompany:companylimitedbysharesTheCompany'sregisteredaddressandheadquartersaddress:Office608,108HuitongThirdRoad,HengqinNewArea,Zhuhai,GuangdongProvince.
2.NatureofbusinessandmainbusinessactivitiesoftheCompany
TheCompanyisamanufacturingenterprisemainlyengagedintheproductionandsalesofair-conditionersandtheiraccessories,aswellashomeappliancesandtheiraccessories.
3.Namesoftheparentcompanyandtheultimateparentcompany
AsofDecember31,2022,theCompanyhadnoactualcontroller.
4.Scopeofconsolidatedfinancialstatementsofthecurrentperiodanditschange
Asoftheendofthereportperiod,therewereatotalof196subsidiariesincludedinthescopeoftheconsolidatedfinancialstatements,ofwhichthefirstlevelsubsidiariesaredetailedinNoteVII.1"Equityinsubsidiaries",andthechangesinthescopeoftheconsolidatedfinancialstatementsduringthereportperiodaredetailedinNoteVI."Changesinthescopeofconsolidation".
5.Approvedsubmitterandapprovedsubmissiondateofthefinancialstatements
ThesefinancialstatementsweresubmittedunderapprovalbytheBoardofDirectorsoftheCompanyonApril28,2023.
IIPreparationbasisoffinancialstatements
1.Preparationbasisoffinancialstatements
TheCompanypreparesthefinancialstatementsonthebasisofagoingconcernandaccordingtothetransactionsandeventsactuallyincurredandthedisclosureprovisionsintheAccountingStandardsforBusinessEnterprises?BasicStandards(promulgatedbytheMinistryofFinanceOrderNo.33,revisedbytheMinistryofFinanceOrderNo.76)andthespecificaccountingstandards,theImplementationGuidefortheAccountingStandardsforBusinessEnterprises,theInterpretationsoftheAccountingStandardsforBusinessEnterprisesandotherapplicableregulationspromulgatedandrevisedbytheMinistryofFinanceonandafterFebruary15,2006(collectivelyreferredtoasthe"AccountingStandardsforBusinessEnterprises"),aswellasthePreparationRulesforInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.15?GeneralProvisionsonFinancialReports(2014Revision)promulgatedbyChinaSecuritiesRegulatoryCommission("CSRC").AccordingtotherelevantprovisionsoftheAccountingStandardsforBusinessEnterprises,theCompany'saccountingisbasedontheaccrualbasis.Exceptforcertainfinancialinstruments,thefinancialstatementsaremeasuredonthebasisofhistoricalcost.Ifanassetisimpaired,thecorrespondingimpairmentprovisionshallbemadeinaccordancewithrelevantregulations.
2.Goingconcern
Thefinancialstatementswerepresentedonagoingconcernbasis.ThemanagementcarefullyevaluatedfactorsoftheCompanyinthefuture12monthssinceDecember31,2022suchasthemacropolicyrisk,marketoperationrisk,currentandlong-termprofitabilityandsolvencyoftheenterprise,financialflexibility,andthemanagement'sintentionofchangingtheoperationpolicy,andheldthattherewas
noeventthatcangeneratesignificantinfluenceontheCompany'sabilitytocontinueasagoingconcern.
IIIMajoraccountingpoliciesandaccountingestimatesSpecificaccountingpoliciesandaccountingestimatesuggestions:
TheCompanyanditssubsidiariesaremainlyengagedintheproductionandsalesofair-conditionersandtheiraccessories,aswellashomeappliancesandtheiraccessories.TheCompanyhaspreparedseveralspecificaccountingpoliciesandaccountingestimatesfortransactionsandeventssuchasrevenuerecognitionbasedontheactualproductionmanagementcharacteristicsandinaccordancewithprovisionsoftherelatedAccountingStandardsforBusinessEnterprises.Fordetails,seethedetaileddescriptioninNoteIIIherein.
1.StatementsregardingobservanceoftheAccountingStandardsforBusinessEnterprises
ThefinancialstatementspreparedbytheCompanyconformtotherequirementsoftheAccountingStandardsforBusinessEnterprisesandgiveatrueandcompleteviewofthefinancialpositionoftheCompanyonDecember31,2022,andtherelatedinformationsuchasoperatingresultsandcashflowsin2022.Besides,thefinancialstatementspreparedbytheCompany,inallthemajoraspects,alsoconformtothedisclosurerequirementsoffinancialstatementsandtheirnotesinthePreparationRulesforInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.15revisedbytheChinaSecuritiesRegulatoryCommissionin2014.
2.Accountingperiod
AccountingperiodoftheCompanyincludesoneyearandinterimperiods.Aninterimperiodcoverssix-month,aquarterandamonth.TheaccountingyearoftheCompanycommencesonJanuary1andendsonDecember31ofeachyear.
3.Operatingcycle
ThenormaloperatingcyclereferstotheperiodfromtheCompany'spurchaseofassetsusedforprocessingtoachievingofcashorcashequivalent.TheCompanyregards12monthsasoneoperatingcycleandusesitastheliquidityclassificationstandardforassetsandliabilities.
4.Functionalcurrency
RMBisthefunctionalcurrencyusedbytheCompany.SomesubsidiariesoftheCompanyadoptcurrenciesotherthanRMBasthefunctionalcurrency.
5.Accountingtreatmentofbusinesscombinationinvolvingenterprisesundercommoncontrolandbusinesscombinationnotinvolvingenterprisesundercommoncontrol
Businesscombinationreferstothetransactionoreventofcombiningtwoormoreindependententerprisestoformareportingentity.Businesscombinationisclassifiedintobusinesscombinationinvolvingenterprisesundercommoncontrolandbusinesscombinationnotinvolvingenterprisesundercommoncontrol.
(1)Businesscombinationundercommoncontrol
Abusinesscombinationundercommoncontrolisabusinesscombinationinwhichtheenterprisesparticipatinginthecombinationareultimatelycontrolledbythesamepartyorpartiesbeforeandafterthecombination,andthecontrolisnottemporary.Forbusinesscombinationinvolvingenterprisesundercommoncontrol,thepartythatobtainstherighttocontrolotherenterprisesparticipatinginthecombinationonthecombinationdateisthecombiningparty,andotherenterprisesparticipatinginthecombinationarethecombinedparty.Thecombinationdatereferstothedateonwhichthecombiningpartyactuallyobtainstherighttocontrolthecombinedparty.Wherebusinesscombinationinvolvingenterprisesundercommoncontrolarisesfromonetransactionorequitiesofinvesteesundercommoncontrolareobtainedstepbystepthroughmultipletransactionsandthesetransactionsbelongtoapackagedeal,theCompanywillrecognizethecostofcombinationaccordingtotheshareofcarryingamountofnetassetsobtainedforthecombinedpartyintheultimatecontrollingparty'sconsolidatedfinancialstatementsonthecombinationdate.Thedifferencebetweenthecarryingamountoftheconsiderationpaidforthecombination(ortotalparvalueoftheissuedshares)andthecombinationcostisadjustedtocapitalreserve;ifthecapitalreserveisnotsufficienttoabsorbthedifference,anyexcessisadjustedagainstretainedearnings.CostsincurredthatareattributabletothebusinesscombinationmadebytheCompany,includingintermediarycostssuchastheauditfee,legalservicechargeandappraisalandconsultationcosts,andotherrelatedoverheadexpensesarechargedtoprofitsandlossesintheperiodinwhichtheyareincurred;thetransactionexpensesdirectlyattributabletotheconsiderationpaidforthecombinationthroughissuanceofequityinstrumentsarecreditedagainstthecapitalreserve;ifthecapitalreserveisnotsufficient,anyexcessisadjustedagainstretainedearnings;thetransactionexpensesdirectlyattributabletotheconsiderationpaidforthecombinationthroughissuanceofdebtinstrumentsarerecordedintotheinitiallyrecognizedamountofdebtinstruments.Wheretheequitiesofinvesteesundercommoncontrolareobtainedstepbystepthroughmultipletransactionstoachievebusinesscombination,butthesetransactionsdonotbelongtoa
packagedeal,theCompanywillrecognizethecostofcombinationaccordingtotheshareofcarryingamountofnetassetstobeenjoyedbythecombinedpartyafterthecombinationintheultimatecontrollingparty'sconsolidatedfinancialstatementsonthecombinationdate.Thedifferencebetweenthecombinationcostandthesumofthecarryingamountoflong-termequityinvestmentspriortothecombinationplusthecarryingamountoftheconsiderationnewlypaidforfurtheracquisitionofsharesonthedateofcombinationisadjustedtocapitalreserve(capitalpremiumorsharecapitalpremium);ifthecapitalreserveisnotsufficienttoabsorbthedifference,anyexcessisadjustedagainstretainedearnings.Fortheequityinvestmentheldbeforethedateofcombination,accountingtreatmentisnotperformedtemporarilyforothercomprehensiveincomesthatareaccountedusingtheequitymethodorrecognizedusingfinancialinstrumentsandaccountedaccordingtothemeasurementstandardforrecognition.Whenthisinvestmentisdisposedof,accountingtreatmentisconductedusingthebasisthesameasthatusedbytheinvesteetodirectlydisposeofrelevantassetsorliabilities.Forotherchangesinowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistributioninnetassetsoftheinvesteethatarerecognizedbecauseofaccountingusingtheequitymethod,accountingtreatmentisnotconductedtemporarily;theyshallbetransferredtotheprofitsandlossesofthecurrentperiodatthetimeofdisposingofthisinvestment.
(2)BusinesscombinationnotundercommoncontrolAbusinesscombinationnotinvolvingenterprisesundercommoncontrolisabusinesscombinationinwhichallofcombiningenterprisesarenotultimatelycontrolledbythesamepartyorpartiesbothbeforeandafterthecombination.Forbusinesscombinationnotinvolvingenterprisesundercommoncontrol,thepartythatobtainstherighttocontrolotherenterprisesparticipatinginthecombinationonthedateofcombinationistheacquiringparty,andotherenterprisesparticipatinginthecombinationaretheacquiredparty.Thedateofacquisitionreferstothedateonwhichtheacquiringpartyactuallyobtainstherighttocontroltheacquiredparty.Forthebusinesscombinationimplementedthroughonetransaction,thecostofbusinesscombinationreferstothefairvalueofassetspaid,liabilitiesincurredorassumed,andequitysecuritiesissuedbytheCompanyonthedateofacquisitionforobtainingtherighttocontroltheacquiredparty.Onthedateofacquisition,theassets,liabilitiesandcontingentliabilitiesobtainedbytheCompanyfromtheacquiredpartyarerecognizedatthefairvalue.Forabusinesscombinationrealizedbytwoormoretransactionsofexchange,theaccountingtreatmentforthecombinationcostsshallbemadebydistinguishingindividualfinancialstatementsandconsolidatedfinancialstatements:
Intheindividualfinancialstatements,wheretheheldsharesareaccountedusingtheequitymethodpriortothedateofacquisition,thecostofcombinationoftheinvestmentistheaggregateofthecarryingamountoftheequityinvestmentoftheacquiredpartyheldbeforethedateofacquisitionandtheinvestmentcostnewlyincreasedonthedateofacquisition.Forotherrelatedcomprehensiveincome,accountingtreatmentisperformedduringdisposaloftheinvestmentusingthebasisthesameasthatusedbytheinvesteetodirectlydisposeofrelevantassetsorliabilities;theowner'sequitythatisrecognizedduetootherchangesinowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistributionoftheinvesteeisaccordinglytransferredtotheprofitsandlossesofthecurrentperiodatthetimeofdisposingofthisinvestment.Wheretheequityinvestmentheldbeforethedateofacquisitionisrecognizedusingfinancialinstrumentsandundergoesaccountingtreatmentaccordingtothemeasurementstandard,thecostofcombinationoftheinvestmentistheaggregateofthefairvalueoftheequityinvestmentrecognizedaccordingtothisstandardandthenewlyincreasedinvestmentcost.Thedifferencebetweenthefairvalueoftheoriginallyheldsharesandthecarryingamountandallthecumulativefairvaluechangesoriginallyrecordedintoothercomprehensiveincomearetransferredtotheinvestmentincomeofthecurrentperiod.Intheconsolidatedfinancialstatements,thesharesoftheacquiredpartyheldbeforethedateofacquisitionshallberemeasuredbasedonthefairvalueofsuchsharesonthedateofacquisition,andthedifferencebetweentheirfairvalueandcarryingamountshallbechargedtotheinvestmentincomeofthecurrentperiod;wherethesharesoftheacquiredpartyheldbeforethedateofacquisitioninvolveothercomprehensiveincomeunderaccountingoftheequitymethodandotherchangesinowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistribution,othercomprehensiveincomeandotherchangesinowners'equitiesconcernedwiththemshallbetransferredtotheinvestmentincomeintheperiodinwhichthedateofacquisitionisincluded(excludingothercomprehensiveincomearisingfromchangesinthenetassetsornetliabilitiesofthebenefitplanremeasuredandredefinedbytheinvestee).Thesummationofthefairvalueofthesharesoftheacquiredpartyheldbeforethedateofacquisitiononthedateofacquisitionandnewlyincreasedinvestmentcostsonthedateofacquisitionshallbethecombinationcostoftheinvestment.CostsincurredthatareattributabletothebusinesscombinationmadebytheCompany,includingintermediarycostssuchastheauditfee,legalservicecharge,andappraisalandconsultationcosts,andotherrelatedoverheadexpensesarechargedtoprofitsandlossesintheperiodinwhichtheyareincurred.Thetransactionexpensesdirectlyattributabletotheconsiderationpaidforthecombinationthrough
issuanceofequityinstrumentsarecreditedagainstthecapitalreserve;ifthecapitalreserveisnotsufficient,anyexcessisadjustedagainstretainedearnings;thetransactionexpensesdirectlyattributabletotheconsiderationpaidforthecombinationthroughissuanceofdebtinstrumentsarerecordedintotheinitiallyrecognizedamountofdebtinstruments.IntheCompany,thepositivebalancebetweenthebusinesscombinationcostandthefairvalueoftheidentifiablenetassetsobtainedbytheCompanyfromtheacquiredpartyshallberecognizedasgoodwillandsubsequentlymeasuredaftertheaccumulatedprovisionforimpairmentisdeductedfromthecost;thenegativebalancebetweenthebusinesscombinationcostandthefairvalueoftheidentifiablenetassetsobtainedbytheCompanyfromtheacquiredpartyshallbechargedtoprofitsandlossesofthecurrentperiodafterbeingchecked.
(3)Principleofjudgingwhethermultipletransactionsare"apackagedeal"Whenthetermsandconditionsofmultipletransactionsandtheeconomicimpactthereofaccordwithoneormoreofthefollowingcases,usuallyitindicatesthatthesetransactionsshallundergoaccountingtreatmentas"apackagedeal":
1)Thesetransactionsareconcludedatthesametimeorconcludedinconsiderationofmutualinfluence;
2)Onlythewholeofthesetransactionscanachieveacompletebusinessresult;
3)Occurrenceofonetransactiondependsonoccurrenceofatleastoneoftheothertransactions;
4)Onetransactionisnoteconomicalwhenconsideredseparately,buteconomicalwhentakenintoaccounttogether
withothertransactions.
6.Preparationofconsolidatedfinancialstatements
(1)Principlesfordeterminingthescopeofconsolidatedfinancialstatements
Theconsolidationscopeofconsolidatedfinancialstatementsshallbedeterminedonthebasisofcontrol.ControlmeansthattheCompanyownsthepowertotheinvestee,enjoysvariablereturnbyparticipatingrelevantactivitiesoftheinvestee,andhasthecapacityofusingthepowertotheinvesteetoaffectitsreturnamount.
(2)Preparationofconsolidatedfinancialstatements
TheconsolidatedfinancialstatementsoftheCompanyarepreparedbytheCompanybasedonindividualfinancialstatementsoftheCompanyandsubsidiariesandaccordingtootherrelevantdata.Duringpreparationofconsolidatedfinancialstatements,theaccountingpolicyandaccountingperiodoftheCompanyshallbeconsistentwiththoseofsubsidiaries,andtheinter-companymajortransactionsandbalancesshallbeoffset.ForthesubsidiaryaddedduetobusinesscombinationinvolvingenterprisesundercommoncontrolintheReportPeriod,theCompanyadjuststheamountatthebeginningoftheperiodintheconsolidatedbalancesheet,incorporatestherevenue,expenseandprofitofthissubsidiaryfromthebeginningoftheperiodforconsolidationtotheendofthereportperiodintotheconsolidatedprofitstatement,includesitscashflowintotheconsolidatedcashflowstatement,andadjustsrelevantitemsinthecomparativestatements;forthesubsidiaryaddedduetobusinesscombinationnotinvolvingenterprisesundercommoncontrol,theCompanydoesnotadjusttheamountatthebeginningoftheperiodintheconsolidatedbalancesheet,butonlyincorporatestherevenue,expenseandprofitofthissubsidiaryfromthedateofacquisitiontotheendofreportperiodintotheconsolidatedprofitstatementanditscashflowintotheconsolidatedcashflowstatement.Theportionofowners'equityofthesubsidiariesthatisn'tattributabletotheCompanyshallbeseparatelypresentedastheminorityequityundertheowners'equityintheConsolidatedBalanceSheet.Theportionofthesubsidiary'scurrentnetprofitsandlossesattributabletominorityequityispresentedas"Minorityprofitsandlosses"itemintheConsolidatedIncomeStatement.Theshareofcomprehensiveincomeofthesubsidiariesinthecurrentperiodthatisattributabletotheminorityequityshallbepresentedastheitemof"Totalcomprehensiveincomeattributabletominorityshareholders"underthetotalcomprehensiveincomeintheConsolidatedProfitStatement.Wherethelossesofasubsidiaryundertakenbyminorityshareholdersexceedtheshareenjoyedbyminorityshareholdersintheowners'equitiesofthissubsidiaryatthebeginningoftheperiod,thebalanceshallbestilladjustedagainsttheminorityshareholders'equity.Fortheacquisitionofthesubsidiary'ssharesownedbyminorityshareholdersthereof,intheconsolidatedfinancialstatements,thedifferencebetweenthelong-termequityinvestmentnewlyobtainedbecauseoftheacquisitionofminorityshareholders'sharesandtheshareofnetassetsofthesubsidiarytobeenjoyedandcontinuouslycalculatedaccordingtotheproportionofnewlyaddedsharesfromtheacquisitiondateorconsolidationdateisadjustedtocapitalreserve;ifthecapitalreserveisnotsufficienttoabsorbthedifference,anyexcessisadjustedagainstretainedearnings.
Forthetransactionforwhichapartofequityinvestmentisdisposedofbuttherighttocontrolthissubsidiaryisnotlost,intheconsolidatedfinancialstatements,thedifferencebetweenthedisposalpriceandtheshareofnetassetsofthesubsidiarytobeenjoyedaccordinglyfordisposalofthelong-termequityinvestmentandcontinuouslycalculatedfromtheacquisitiondateorconsolidationdateisadjustedtocapitalreserve(capitalpremiumorsharecapitalpremium);ifthecapitalreserveisnotsufficienttoabsorbthedifference,anyexcessisadjustedagainstretainedearnings.Wheretherighttocontroltheoriginalsubsidiaryislostduetodisposalofapartofequityinvestmentorotherreasons,theresidualshareholdingshallberemeasuredatfairvalueonthedateoflosingthecontrolright;theresultofthesumoftheconsiderationobtainedfromtheequitydisposalplusthefairvalueofresidualshareholding,minustheshareofnetassetsoftheoriginalsubsidiarythatshouldbeenjoyedandiscontinuouslycalculatedaccordingtotheoriginalproportionofheldsharesfromtheacquisitiondate,shallbechargedtotheinvestmentincomeintheperiodwhenthecontrolrightislost,andadjustedagainstthegoodwillatthesametime;othercomprehensiveincomerelatedtotheoriginalsubsidiary'sequityinvestmentshallbetransferredtotheinvestmentincomeofthecurrentperiodwhenthecontrolrightislost.Wheretheequityinvestmentforasubsidiaryisdisposedofstepbystepthroughmultipletransactionstillthecontrolrightislostandallthetransactionsbelongtoapackagedeal,accountingtreatmentshallbeperformedforthetransactionsbydeemingallthetransactionsasoneitemfordisposingofthesubsidiaryandlosingthecontrolright;however,priortolossofthecontrolright,thedifferencebetweeneverydisposalpriceandtheshareofnetassetsofthissubsidiarytobeenjoyedaccordinglyforinvestmentdisposalshallberecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatementsand,atthetimeoflosingthecontrolright,bejointlytransferredtotheprofitsandlossesintheperiodwhenthecontrolrightislost.Wheretheequityinvestmentforasubsidiaryisdisposedofstepbystepthroughmultipletransactionstillthecontrolrightislost,andthetransactionsdonotbelongtoapackagedeal,allthetransactionsbeforelossoftherighttocontrolthesubsidiaryshallbehandledaccordingtotheregulationsoftheCompanyonpartialdisposalofthesubsidiary'slong-termequityinvestmentprovidedthattheCompanydoesnotlosetherighttocontrolthesubsidiary.Thisreportperioddoesnotinvolvebuying-inandselling-outofthesamesubsidiary'sequity,orselling-outandbuying-inturn.
7.Classificationofjointarrangementsandaccountingtreatmentofco-management
Jointarrangementreferstothearrangementforjointcontrolbytwoormoreparticipants.
(1)JointarrangementclassificationJointarrangementisclassifiedintoco-managementandjointventure.Co-managementreferstothejointarrangementwherethepartiestotheventureenjoyrelevantassetsofthisarrangementandassumerelevantliabilitiesofthisarrangement.Jointventurereferstothejointarrangementwherethepartiestotheventureonlyenjoyrightstonetassetsofthisarrangement.
(2)Accountingtreatmentofco-management
1)TheCompanyrecognizesthefollowingitemsrelatedtoquantumofinterestinco-managementandperformsaccountingtreatmentinaccordancewithprovisionsofthecorrespondingAccountingStandardsforBusinessEnterprises:
a.Independentlyheldassets,aswellasthejointlyheldassetstoberecognizedaccordingtotheshareoftheCompany;b.Independentlyundertakenliabilities,aswellasthejointlyundertakenliabilitiestoberecognizedaccordingtotheshareoftheCompany;c.Revenuegeneratedbysellingtheoutputshareofco-managementthatisenjoyedbytheCompany;d.Revenuethatisgeneratedbysellingtheoutputduringco-managementandrecognizedaccordingtotheshareoftheCompany;e.Independentlyincurredexpense,aswellastheexpenseincurredbyco-managementandrecognizedaccordingtotheshareoftheCompany.
2)WheretheCompanyputsassetsintoorsellsassetstothepartiestoco-management(exceptthattheassetsconstitutebusiness),beforethesaidassetsaresoldtoathirdpartybythepartiestoco-management,theCompanyrecognizesonlythepartintheprofitsandlossesarisingfromthistransactionthatisattributabletootherparticipantsintheco-management.IncasethattheputorsoldassetsinvolvetheassetimpairmentlossescomplyingwithprovisionsintheAccountingStandardsforBusinessEnterprisesNo.8?ImpairmentofAssets,theCompanyshallrecognizethesaidlossinfull.
3)WheretheCompanypurchasesassetsfromthepartiestoco-management(exceptthattheassetsconstitutebusiness),beforesaidassetsaresoldtoathirdparty,theCompanyrecognizesonlythepartintheprofitsandlossesarisingfromthistransactionthatisattributabletootherparticipantsintheco-management.Incasethatthepurchasedassetsinvolvetheassetimpairmentlossescomplyingwithprovisions
intheAccountingStandardsforBusinessEnterprisesNo.8?ImpairmentofAssets,theCompanyshallrecognizethispartoflossaccordingtothesharetoundertake.
8.Determinationcriteriaforcashandcashequivalents
Thecashreferstotheenterprise'smoneyonhandanddepositsforpaymentatanytime.Cashequivalentsrefertoinvestmentsheldbytheenterprisewhichareshortinterm(generallyreferringtothoseexpiringwithinnotmorethan3monthsfromthedateofacquisition),highinliquidity,convertibletotheknownamountofcashandinsignificantinriskofchangeofvalue.
9.Foreigncurrencytransactionsandtranslationoffinancialstatementsinforeigncurrency
(1)MethodoftranslationforforeigncurrencytransactionsAtthetimeofinitialrecognitionofaforeigncurrencytransactionoftheCompany,theamountintheforeigncurrencyshallbetranslatedintotheamountinRMBcurrencyatthespotexchangerateofthetransactiondate(generallyreferringtothemid-priceofthecurrentday’sforeignexchangeratepublishedbythePeople'sBankofChinaatthedateoftransaction,thesamebelow).
(2)Treatmentofmonetaryitemsofforeigncurrenciesandnon-monetaryitemsofforeigncurrenciesonthebalancesheetdateForthemonetaryitemsofforeigncurrencies,thetranslationisdoneaccordingtospotrateofthebalancesheetdate.TheexchangedifferencegeneratedfromthedifferenceofspotrateofthecurrentbalancesheetdateandthetimeofinitialrecognitionofaforeigncurrencyorthepreviousbalancesheetdateischargedtotheprofitsandlossesofthecurrentperiodexceptthattheexchangedifferencegeneratedfromforeigncurrencyborrowingsrelatingtoassetsofwhichtheacquisitionorproductionsatisfiesthecapitalizationconditionsiscapitalizedinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.17?BorrowingCosts.Forthenon-monetaryitemsofforeigncurrenciesmeasuredbyhistoricalcost,translationisdoneaccordingtospotrateofthetransactiondatewithoutchangeintheiramountinfunctionalcurrency.Non-monetaryitemsofforeigncurrenciessuchassharesandfundsmeasuredatfairvaluearetranslatedasperthespotrateonthedatewhentheirfairvalueisconfirmed.Thedifferencesbetweenthetranslatedamountsinfunctionalcurrencyandtheoriginalamountsinfunctionalcurrencyarerecordedintocurrentprofitsandlossesasfluctuationsinfairvalue(includingfluctuationinexchangerates).
(3)Translationofforeigncurrencyfinancialstatements
TheCompanytranslatesthefinancialstatementsexpressedinforeigncurrencyintoonesexpressedinRMBcurrencyaccordingtothefollowingprovisions.Theassetsandliabilitiesinthebalancesheetshallbeconvertedatthespotexchangerateonthebalancesheetdate,exceptforthe"undistributedprofits"item,otheritemsofowners'equityareconvertedatthespotexchangerateatthetimeofoccurrence.Theassetandliabilityitemsinthebalancesheetsshallbetranslatedatanaverageexchangerate.Thedifferencearisingfromtranslationoffinancialstatementsinforeigncurrencygeneratedbytheabovemethodshallbeseparatelypresentedundertheowner'sequityiteminthebalancesheet.Theforeigncurrencycashflowstatementshallbetranslatedattheaverageexchangerateonthecashflowdate.Theamountofinfluenceoftheexchangeratechangeoncashesshallbepresentedseparatelyundertheadjustediteminthecashflowstatement.
10.FinancialinstrumentsAfinancialassetorfinancialliabilitycanberecognizedwhentheCompanybecomesonepartyoffinancialinstrumentcontract.
(1)Classification,recognition,andmeasurementoffinancialassets
Accordingtothebusinessmodeformanagementofthefinancialassetsandthecharacteristicsofthecontractualcashflowsofthefinancialassets,theCompanyclassifiesthefinancialassetsas:financialassetsmeasuredatamortizedcost;financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome;financialassetsmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses.ThefinancialassetsinitiallyrecognizedbytheCompanyshallbemeasuredatfairvalue.Forthefinancialassetsmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses,thetransactionexpensesthereofaredirectlyincludedinthecurrentprofitsandlosses;forothercategoriesoffinancialassets,thetransactionexpensesthereofareincludedintheinitiallyrecognizedamount.Fortheaccountsreceivableornotesreceivablearisingfromthesaleofproductsortheprovisionofservices,whichdonotincludeorconsidersignificantfinancingcomponents,theinitialrecognitionamountisbasedontheexpectedamountofconsiderationthattheCompanyisentitledtoreceive.
1)FinancialassetsmeasuredatamortizationcostsTheCompany'sbusinessmodelformanagingfinancialassetsmeasuredatamortizationcostistocollectcontractualcashflows,andthe
contractualcashflowcharacteristicsofsuchfinancialassetsareconsistentwithbasicborrowingarrangements,thatis,cashflowsgeneratedonaspecificdate,areforthepaymentofprincipalandinterestbasedontheoutstandingprincipalamount.TheCompanyadoptstheeffectiveinterestratemethodforsuchfinancialassetsandperformssubsequentmeasurementbasedonamortizationcost.Thegainsorlossesarisingfromtheiramortizationorimpairmentareincludedinthecurrentprofitsandlosses.
2)FinancialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincomeTheCompany'sbusinessmodelformanagingsuchfinancialassetsaimsatcollectionofcontractualcashflowsandsales,andthecontractualcashflowcharacteristicsofsuchfinancialassetsareconsistentwiththebasiclendingarrangements.Thecompanymeasuressuchfinancialassetsatfairvalueandtheirchangesarerecognizedinothercomprehensiveincome,butimpairmentlossesorgains,exchangeprofitsandlosses,andinterestincomecalculatedusingtheeffectiveinterestratemethodarerecognizedinthecurrentprofitsandlosses.Inaddition,theCompanydesignatessomenon-transactionequityinstrumentinvestmentsasfinancialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome.TheCompanyincludestherelevantdividendincomeofsuchfinancialassetsinthecurrentprofitsandlosseswithchangesinfairvalueincludedinothercomprehensiveincome.Whenthefinancialassetsarederecognized,thecumulativegainsorlossespreviouslyincludedinothercomprehensiveincomewillbetransferredfromothercomprehensiveincometoretainedincome,butwillnotbeincludedinthecurrentprofitsandlosses.
3)FinancialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincomeTheCompanyclassifiesfinancialassetsotherthanthosemeasuredatamortizedcostandthosemeasuredatfairvaluewithchangesincludedinothercomprehensiveincomeasfinancialassetsmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlossesInaddition,intheinitialrecognition,inordertoeliminateorsignificantlyreducetheaccountingmismatch,theCompanydesignatedsomefinancialassetsasfinancialassetsmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses.Forsuchfinancialassets,theCompanyusesfairvalueforsubsequentmeasurement,andthechangesoffairvalueareincludedinthecurrentprofitsandlosses.
(2)Classification,recognition,andmeasurementoffinancialliabilities
Financialliabilitiesareinitiallyclassifiedasfinancialliabilitiesmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlossesandotherfinancialliabilities.Forthefinancialliabilitiesmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses,thetransactionexpensesthereofaredirectlyincludedinthecurrentprofitsandlosses;forotherfinancialliabilities,thetransactionexpensesthereofareincludedintheinitiallyrecognizedamount.
1)FinancialliabilitiesmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlossesFinancialliabilitiesaremeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses,includingtransactionfinancialliabilities(includingderivativesthatarefinancialliabilities)andfinancialliabilitiesdesignatedatinitialrecognitionasmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses.Transactionfinancialliabilities(includingderivativesthatarefinancialliabilities)aresubsequentlymeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses,exceptforthoserelatedtohedgeaccounting.Forfinancialliabilitiesdesignatedasthosemeasuredatfairvalueattheinitialrecognitionwithchangesincludedinthecurrentprofitsandlosses,thechangesoffairvaluecausedbychangesintheCompany'sowncreditriskareincludedinothercomprehensiveincome,andwhentheliabilitiesarederecognized,thecumulativechangesinfairvaluecausedbychangesinowncreditriskincludedinothercomprehensiveincomearetransferredtoretainedearnings.Otherchangesinfairvalueareincludedincurrentprofitsandlosses.Iftheaccountingmismatchinprofitsandlossesmaybecausedorexpandedastheeffectsofchangesintheowncreditriskofsuchfinancialliabilitiesareprocessedintheabovemanner,theCompanywillincludeallgainsorlossesofsuchfinancialliabilities(includingtheamountaffectedbychangesintheCompany'sowncreditrisk)includedinthecurrentprofitandloss.
2)OtherfinancialliabilitiesExceptforfinancialliabilitiesandfinancialguaranteecontractsformedbythetransferoffinancialassetsthatdonotmeettheconditionsforderecognitionorcontinuetobeinvolvedinthetransferredfinancialassets,otherfinancialliabilitiesareclassifiedasfinancialliabilitiesmeasuredatamortizedcost,andaresubsequentlymeasuredatamortizedcost.Gainsorlossesarisingfromderecognitionoramortizationareincludedinthecurrentprofitsandlosses.
(3)Basisfortherecognitionandmethodforthemeasurementoffinancialassets
Financialassetsthatmeetoneofthefollowingconditionsshallbederecognized:
1)Thecontractrighttoreceivethecashflowofthefinancialassetsisterminated;
2)Thefinancialassetshavebeentransferred,andalmostalltherisksandrewardsofownershipofthefinancialassetsaretransferredtothetransferringparty;
3)Thefinancialassetshavebeentransferred,althoughtheenterprisehasneithertransferrednorretainedalmostalltherisksandrewardsoftheownershipofthefinancialassets,ithasgivenupcontroloverthefinancialassets.Iftheenterprisehasneithertransferrednorretainedalmostalltherisksandrewardsoftheownershipofthefinancialassets,andhasnotgivenupcontroloverthefinancialassets,therelevantfinancialassetsshallberecognizedaccordingtotheextentofcontinuedinvolvementinthetransferredfinancialassets,andtherelevantliabilitiesshallberecognizedaccordingly.Thedegreeofcontinuedinvolvementinthetransferredfinancialassetsreferstothelevelofriskfacedbytheenterpriseduetochangesinthevalueofthefinancialassets.Iftheoveralltransferoffinancialassetsmeetstheconditionsforderecognition,thedifferencebetweenthebookvalueofthetransferredfinancialassetsandthesumoftheconsiderationreceivedduetothetransferandthecumulativeamountofchangesinfairvalueoriginallyincludedinothercomprehensiveincomeisincludedinthecurrentprofitsandlosses.Ifthepartialtransferoffinancialassetssatisfiestheconditionsforderecognition,thebookvalueofthetransferredfinancialassetswillbeapportionedbetweentheportionderecognized,andtheportionnotderecognizedaccordingtotheirrelativefairvalues,andthedifferencebetweenthesumoftheconsiderationreceivedforthetransferandtheamountofcumulativechangesinthefairvaluewhichwaspreviouslydirectlyrecognizedinowner'sequityandwhichshouldbeapportionedtotheportionderecognized,andtheabovebookamountapportionedwillbeincludedinthecurrentprofitsandlosses.TheCompanymustdeterminewhetheralmostalltherisksandrewardsofownershipofthefinancialassetshavebeentransferredbeforeendorsingthetransferoffinancialassetssoldbymeansofrecourseandfinancialassetsheld.Ifalmostalltherisksandrewardsofownershipofthefinancialassethavebeentransferredtothetransferee,thefinancialassetwillbederecognized;iftherisksandrewardsoftheownershipofthefinancialassethavebeenretained,thefinancialassetwillnotbederecognized;ifalmostalltherisksandrewardsofownershipofthefinancialassethavenotbeentransferredorretained,theenterpriseneedstocontinuetodeterminewhetheritretainscontrolovertheassetandperformsaccountingtreatmentinaccordancewiththeprinciplesdescribedintheprecedingparagraphs.
(4)Derecognitionoffinancialliabilities
Ifthepresentobligationforafinancialliabilityhasbeenfullyorpartiallydischarged,thefinancialliabilityortherelevantportionthereofwillbederecognized.IftheCompany(borrower)signsanagreementwiththelendertoreplacetheoriginalfinancialliabilitybyassuminganewfinancialliability,andthecontracttermsofthenewfinancialliabilityandtheoriginalfinancialliabilityaresubstantiallydifferent,theoriginalfinancialliabilitywillbederecognized,andthenewfinancialliabilitywillberecognizedatthesametime.Ifamaterialamendmentismadetothecontractualtermsfortheoriginalfinancialliabilityortherelevantportionthereof,theoriginalfinancialliabilitywillbederecognized,andthenewfinancialliabilitywillberecognizedaccordingtotheamendedtermsatthesametime.Ifthefinancialliabilityortherelevantportionthereofisderecognized,thedifferencebetweenthebookvalueofthefinancialliabilityderecognized,andtheconsiderationpaidforit(includingthenon-cashassettransferred,ortheliabilityassumed)willbeincludedinthecurrentprofitsandlosses.
(5)Offsettingfinancialassetswithfinancialliabilities
WhentheCompanyhasthelegalrighttooffsetthefinancialassetandthefinancialliabilitywiththerecognizedamount,andsuchlegalrightsarecurrentlyenforceable,andtheCompanyplanstosettleinthenetorsimultaneouslyrealizethefinancialassetandliquidatethefinancialliability,thefinancialassetandthefinancialliabilitywillbepresentedinthebalancesheetinnetamountsaftermutualoffset.Inaddition,financialassetsandfinancialliabilitiesarepresentedseparatelyinthebalancesheet,andarenotoffsetagainsteachother.
(6)MethodfordeterminingthefairvalueoffinancialassetsandfinancialliabilitiesFairvaluereferstothepricethatamarketparticipantcanreceiveforthesaleofanassetorneedtopayforthetransferofaliabilityintheorderlytransactionthatoccursonthemeasurementdate.Forfinancialinstrumentsforwhichthereisanactivemarket,thefairvaluethereofwillbedeterminedbytheCompanybasedonthequotationintheactivemarket.Quotationintheactivemarketreferstothepricethatiseasilyobtainedfromexchanges,brokers,industryassociations,pricingserviceagencies,etc.onaregularbasis,andrepresentsthepriceofmarkettransactionsthatactuallyoccurinfairtrading.Forfinancialinstrumentsforwhichthereisnoactivemarket,thefairvaluethereofwillbedeterminedbytheCompanyusingthevaluationtechniques.Thevalueappraisaltechniquesincludethepricesadoptedbytheparties,whoarefamiliarwiththecondition,inthelatestmarkettransactionupontheirownfreewill,thecurrentfairvalueobtainedbyreferringtootherfinancialinstrumentsofthesameessentialnature,thecashflowcapitalizationmethodandtheoptionpricingmodel,
etc.Atthetimeofvaluation,theCompanyadoptsavaluationtechniquethatisapplicableinthecurrentcircumstancesandthatthereissufficientavailabledataandotherinformationtosupport,selectstheinputvaluesconsistentwiththeassetorliabilitycharacteristicsconsideredbythemarketparticipantsinthetransactionoftheunderlyingassetorliability,andasfaraspossibleusesrelevantobservableinputvalues.Unobservableinputvaluesareusedwheretherelevantobservableinputvaluesarenotavailableorarenotpracticable.
(7)Equityinstruments
EquityinstrumentsrefertocontractsthatcanproveownershipoftheresidualequityinassetsoftheCompanyafterdeductionofalltheliabilities.TheCompanytreatsissue(includingrefinancing),repurchases,saleorcancellationofequityinstrumentsaschangesinequity,andtransactionexpensesrelatedtoequitytransactionsaredeductedfromequity.TheCompanydoesnotrecognizechangesinthefairvalueofequityinstruments.IftheCompany'sequityinstrumentsdistributedividends(including"interest"generatedbyinstrumentsclassifiedasequityinstruments)duringtheexistenceperiod,suchdividendswillbetreatedasprofitdistribution.
11.ImpairmentoffinancialassetsFinancialassetsofwhichtheCompanyneedstorecognizeimpairmentlossesincludefinancialassetsmeasuredatamortizationcost,anddebtinstrumentinvestmentsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome,mainlyincludingnotesreceivable,receivablesfinancing,accountsreceivable,contractassets,otherreceivables,loansandadvances,debtinvestment,otherdebtinvestment,long-termreceivables,etc.
(1)Recognitionmethodsofprovisionforimpairment
Basedontheexpectedcreditloss,theCompanymakesimpairmentprovisionandrecognizescreditimpairmentlossaccordingtotheapplicableexpectedcreditlossmeasurementmethod(generalmethodorsimplifiedmethod)fortheaboveitems.CreditlossreferstothedifferencebetweenallcontractualcashflowsthatareduetotheCompanyinaccordancewiththecontractandallthecashflowsthattheCompanyexpectstoreceive(i.e.allcashshortfalls),discountedattheoriginaleffectiveinterestrate.Amongthem,forpurchasedororiginatedcredit-impairedfinancialassets,theCompanydiscountsthedifferenceatthecredit-adjustedeffectiveinterestrateofthefinancialassets.ThegeneralmethodformeasuringexpectedcreditlossesisthattheCompanyassessesoneachbalancesheetdatewhetherthecreditriskoffinancialassetshasincreasedsignificantlysinceinitialrecognition.Ifthecreditriskhasincreasedsignificantlysinceinitialrecognition,theCompanymeasuresthelossprovisionsaccordingtotheamountequaltolifetimeexpectedcreditlosses.Ifthecreditriskhasnotincreasedsignificantlysinceinitialrecognition,theCompanymeasuresthelossprovisionsaccordingtotheamountequalto12-monthexpectedcreditlosses.TheCompanyconsidersallreasonableandvalidinformation,includingforward-lookinginformation,whenassessingexpectedcreditlosses.Forfinancialinstrumentswithlowercreditriskonthebalancesheetdate,theCompanyassumesthattheircreditriskhasnotincreasedsignificantlysinceinitialrecognition.
(2)Judgmentstandardsforwhetherthecreditriskshaveincreasedsignificantlysincetheinitialrecognition
Iftheprobabilityofdefaultofafinancialassetintheexpectedlifetimedeterminedonthebalancesheetdateissignificantlyhigherthantheprobabilityofdefaultintheexpectedlifetimedeterminedatthetimeofinitialrecognition,itindicatesthatthecreditriskofthefinancialassethasincreasedsignificantly.Exceptforspecialcircumstances,theCompanyusesthechangeindefaultriskthatoccurswithinthenext12monthsasareasonableestimateofthechangeindefaultriskthatoccursthroughoutthelifetimetodeterminewhetherthecreditriskhasincreasedsignificantlysinceinitialrecognition.
(3)AssessmentmethodsoftheexpectedcreditrisksbasedoncombinationsTheCompanyassessesthecreditrisksofthefinancialassetswithsignificantlydifferentcreditrisksrespectively,suchasaccountsreceivablefromdisputeswiththeotherpartyorlitigationandarbitration,andreceivableswithobvioussignsindicatingthatthedebtorislikelytobeunabletofulfilltherepaymentobligation,etc.Inadditiontothefinancialassetswhosecreditrisksareassessedrespectively,theCompanydividesthefinancialassetsintodifferentcombinationsbasedontheircommonriskcharacteristics,andassessesthecreditrisksonthebasisofcombinations.
(4)AccountingtreatmentmethodsoffinancialassetsimpairmentAttheendoftheperiod,theCompanycalculatestheestimatedcreditlossesofvariousfinancialassets.Iftheestimatedcreditlossesaregreaterthanthebookvalueofthecurrentimpairmentprovisions,thedifferenceisrecognizedasanimpairmentloss;iftheestimatedcreditlossesaresmallerthanthebookvalueofthecurrentimpairmentprovisions,thedifferenceisrecognizedasanimpairmentgain.
(5)Recognitionmethodsofthecreditlossesofallkindsoffinancialassets
1)Notesreceivableandreceivablesfinancing?notesreceivableFornotesreceivableandreceivablesfinancing?notesreceivable,theCompanymeasuresthelossreservesaccordingtotheamountoftheexpectedcreditlossesduringthewholeduration.Basedonthecreditriskcharacteristicsofnotesreceivableandreceivablesfinancing?notesreceivable,financialassetsaredividedintodifferentcombinations:
| Item | Basisforrecognitionofcombinations |
| Banker'sacceptancebill | Theacceptorisabankinstitutionorafinancialcompany |
| Tradeacceptancedraft | Theacceptorisacompanyotherthanabankinstitutionorfinancialcompany |
2)Accountsreceivable,receivablesfinancing?accountsreceivableandcontractassetsForaccountsreceivablethatdonotcontainsignificantfinancingcomponents,accountsreceivablethatcontainsignificantfinancingcomponents,receivablesfinancing?accountsreceivable,andcontractassets,theCompanymeasureslossreservesbasedonanexpectedcreditlossamountequivalenttotheentireduration.Expectedcreditlossesrelatedtocontractassetsareincludedinassetimpairmentlosses.Inadditiontoaccountsreceivableofwhichcreditriskisindividuallyassessed,theCompanydividesaccountsreceivableintodifferentcombinationsbasedontheircreditriskcharacteristics:
| Item | Basisforrecognitionofcombinations |
| Combination1:Accountagecombination | Thecombinationtakestheaccountageofaccountsreceivableasthebasisforthecombination |
| Combination2:Lowriskcombination | Thecombinationtakesthedismantlingsubsidyofwasteelectricalandelectronicproductsreceivablefromgovernmentdepartmentsandnewenergyvehiclesubsidiesasthebasisforthecombination |
| Combination3:Noneriskcombination | Thecombinationtakesthereceivablesfromrelatedunitswithinthescopeofconsolidationasthebasisforthecombination |
3)DisbursementofloansandadvancesBasedontheinternalassessmentresultsofthecreditriskmanagementsystemoftherelevantfinancialinstruments,theCompanydefineswhethercreditimpairmenthasoccurred:theCompanycalculatestheexpectedcreditlossofthefinancialassetsattheexpectedcreditlossrateofdifferentcategories,accordingtothefive-levelclassificationofthefinancialindustry(normal,concerned,secondary,suspiciousandloss)basedontheborrower'sactualrepaymentability.
4)OtherreceivablesTheCompanymeasuresimpairmentlossesusinganamountequivalentto12-monthorlifetimeexpectedcreditlosses,basedonwhetherthecreditriskofotherreceivableshasincreasedsignificantlysinceinitialrecognition.Inadditiontootherreceivablesofwhichcreditriskisindividuallyassessed,theCompanydividesotherreceivablesintodifferentcombinationsbasedontheircreditriskcharacteristics:
| Item | Basisforrecognitionofcombinations |
| Combination1:Accountagecombination | Thecombinationtakestheaccountageofotherreceivablesasthebasisforthecombination |
| Combination2:Lowriskcombination | Thecombinationtakesthereceivablegovernmentgraindepositsasthebasisforthecombination |
| Combination3:Noneriskcombination | Thecombinationtakesthereceivablesfromrelatedunitswithinthescopeofconsolidationasthebasisforthecombination |
5)DebtinvestmentDebtinvestmentmainlyaccountsforbondinvestmentmeasuredatamortizationcost.TheCompanymeasuresimpairmentlossesusinganamountequivalentto12-monthorlifetimeexpectedcreditlosses,basedonwhetherthecreditriskofotherdebtinvestmentshasincreasedsignificantlysinceinitialrecognition.
6)OtherdebtinvestmentsOtherdebtinvestmentsmainlyaccountsforthedebtinstrumentinvestmentsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome.TheCompanymeasuresimpairmentlossesusinganamountequivalentto12-monthorlifetimeexpectedcreditlosses,basedonwhetherthecreditriskofotherdebtinvestmentshasincreasedsignificantlysinceinitialrecognition.
7)Long-termreceivables
TheCompany'slong-termreceivablesareincomesfromthesalesofgoodscollectedininstallments.TheCompanymeasuresthelossreservesaccordingtotheamountoftheexpectedcreditlossesduringthewholeduration.
12.Receivablesfinancing
Fornotesreceivableandaccountsreceivableclassifiedasmeasuredatfairvalueandofwhichchangesareincludedinothercomprehensiveincome,theportionwithinoneyear(includingoneyear)fromthedateofacquisitionispresentedasreceivablesfinancing;whiletheportionbeyondoneyearispresentedasotherdebtinvestment.Forrelatedaccountingpolicies,pleaserefertoNoteIII.10"Financialinstruments"andNoteIII.11"Impairmentoffinancialassets".
13.Inventory
(1)Inventoryclassification
TheCompany'sinventoriesmainlyincluderawmaterials,workinprogressandcontractperformancecosts,finishedproducts,developmentcosts,anddevelopmentproducts.Developmentcostreferstothepropertythathasnotbeencompletedandisforsale;theCompanyaccountsforthelanduserightspurchasedandusedforcommercialhousingdevelopmentasthedevelopmentcost.Developmentproductreferstothepropertythathasbeencompletedandistobesold.
(2)Valuationmethodfordeliveredinventories
TheCompanymainlyadoptstheplannedcostmethodforinventoryaccounting,whilesomesubsidiariesadopttheactualcostmethodforinventoryaccounting.Inventoriesaccountedforwiththeplannedcostmethodarevaluedatplannedcostuponshipment,andattheendofthemonth,theplannedcostisadjustedtoactualcostbasedonthecostdifferenceofthecurrentmonth;inventoriesaccountedforusingtheactualcostmethodmainlyusetheweightedaveragemethodattheendofeachmonthtovaluetheissuedinventory.Developmentcostandproductdevelopmentcostincludelandtransferfees,infrastructureexpenditures,constructionandinstallationengineeringexpenditures,borrowingcostsincurredbeforethedevelopmentprojectiscompleted,andotherrelatedcostsincurredindevelopment.Whencarryingforwardthecostforproductdevelopment,thetotalcostisallocatedbetweenthesoldandunsoldpropertiesinproportiontotheconstructionarea.
(3)BasisfordeterminingthenetrealizablevalueofinventoryandaccrualmethodforinventorydepreciationreservesAtthebalancesheetdate,inventoriesaremeasuredatthelowercostandnetrealizablevalue.Ifthecostofinventoriesishigherthanthenetrealizablevalue,aprovisionfordeclineinvalueofinventoriesshallbemadeandshallberecordedintotheprofitsandlossesofthecurrentperiod,whereaprovisionfordeclineinvalueofinventorieshasbeenmade,ifthevalueofthesaidinventoriesisresumedlater,thesaidvalueshallbetransferredbackfromtheprovisionfordeclineinvalueoftheinventories.Netrealizablevalueistheestimatedsellingpriceintheordinarycourseofbusinesslesstheestimatedcostsofcompletionandtheestimatedcostsnecessarytomakethesaleandrelevanttaxes.
(4)Inventorysystem
TheCompany'sinventoryadoptstheperpetualinventorysystem.
(5)Amortizationmethodsoflow-valueconsumablesandpackingmaterialsLow-valueconsumablesandpackingmaterialsarewrittenoffinfullwhenissuedforuse.
14.Contractassets
TheCompanypresentedtherighttocollectpaymentsfromcustomerswhichthecustomershavenotyetpaidthecontractconsideration,buttheCompanyhasfulfilleditsperformanceobligationsinaccordancewiththecontract,andwhichisnotunconditional(thatis,onlydependingonthepassageoftime)ascontractassetsinthebalancesheet.Contractassetsandcontractliabilitiesunderthesamecontractarepresentedinnetamount,andcontractassetsandcontractliabilitiesunderdifferentcontractsarenotoffset.Forthedeterminationandaccountingtreatmentofexpectedcreditlossesofcontractassets,pleaserefertoNoteIII.11"Impairmentoffinancialassets".
15.Contractcosts
(1)Determinationofassetamountrelatedtocontractcosts
TheCompany'sassetrelatedtocontractcostsincludescontractacquisitioncostandcontractobtaincost.IftheincrementalcostincurredbytheCompanytoobtainthecontractisexpectedtoberecovered,itwillberecognizedasanassetas
contractacquisitioncost.However,iftheamortizationperiodoftheassetdoesnotexceedoneyear,itwillbeincludedincurrentprofitsandlosseswhenitincurs.IfthecostincurredbytheCompanyfortheperformanceofthecontractdoesnotfallwithinthescopespecifiedintheaccountingstandardsforbusinessenterprisesotherthantheAccountingStandardsforBusinessEnterprisesNo.14?Revenues(Revisedin2017),itshallberecognizedasanassetasthecontractperformancecostwhenthefollowingconditionsaremetsimultaneously:①thecostisdirectlyrelatedtoacurrentorexpectedcontract,includingdirectlaborcost,directmaterialcost,manufacturingexpense(orsimilarexpense),costclearlybornebythecustomer,andothercostsincurredonlyduetothecontract;②thecostincreasestheCompany'sfutureresourcesforfulfillingitsperformanceobligations;and③thecostisexpectedtoberecovered.
(2)Amortizationofassetsrelatedtocontractcosts
TheCompany’sassetsrelatedtocontractcostsareamortizedonthesamebasisastherecognitionofgoodsincomerelatedtotheassetandincludedinthecurrentprofitsandlosses.
(3)ImpairmentofassetsrelatedtocontractcostsWhenrecognizingtheimpairmentlossofassetsrelatedtothecontractcost,theCompanyshallfirstrecognizetheimpairmentlossofotherassetsrelatedtothecontractandrecognizedinaccordancewithotherrelevantcorporateaccountingstandards;then,basedonthefactthatthebookvalueishigherthanthedifferencebetweentheresidualconsiderationexpectedtobeobtainedbytheCompanyduetothetransferofthegoodsrelatedtotheassetandtheestimatedcosttobeincurredforthetransferoftherelevantgoods,theexcesspartshallbewithdrawnforimpairmentprovisionandrecognizedasassetimpairmentlosses.Ifthedepreciationfactorsinthepreviousperiodchangelater,causingtheaforementioneddifferenceishigherthanthebookvalueoftheasset,theCompanywilltransferbackthepreviously-madeprovisionforimpairmentandincludeitinthecurrentprofitsandlosses,butthebookvalueoftheassetaftertransferringbackcannotexceedthebookvalueoftheassetatthedateoftransferringbackundertheassumptionthatnoprovisionismadefortheimpairment.
16.Assetsheldforsale
(1)RecognitionstandardWheretheCompanyrecoversitsbookvaluebyselling(includingthenon-monetaryassetexchangewithcommercialsubstance;itisthesamebelow),notcontinuouslyusinganon-currentassetordisposalgroup,itshallbeclassifiedintothecategoryofassetsheldforsale.Thenon-currentassetordisposalgrouptobeclassifiedintothecategoryofassetsheldforsaleshallmeetthefollowingconditionsatthesametime:
Accordingtothepracticeofsellingsuchassetsordisposalgroupsinsimilartransactions,theycanbesoldimmediatelyunderthecurrentcircumstances;Sellingisextremelylikelytohappen,thatistosaythattheCompanyhasmakedecisionforasellingplanandhasobtainedrecognizedpurchasecommitmentandsellingisexpectedtobecompletedwithinoneyear.IfitcanbesoldonlyafterbeingapprovedbyrelevantauthorityorganizationorsupervisiondepartmentoftheCompanyaccordingtorelevantrequirements,itshouldhavebeenapproved.RecognizedpurchasecommitmentreferstopurchaseagreementwithlegalbindingforcethattheCompanyconcludeswithotherparties,whichincludesimportantclausesoftransactionprice,timeandenoughstrictdefaultpunishment,etc.,withwhich,possibilitytoleadtomajoradjustmentorcancellationofagreementistiny.Thenon-currentassetordisposalgroupacquiredbytheCompanyforresaleshallbeclassifiedastheheldforsaleontheacquisitiondateifitmeetstherequirementsof“expectedtobesoldwithinoneyear”ontheacquisitiondate,anditislikelytomeettheotherclassificationconditionsforholdingforsaleintheshortterm(usuallythreemonths).Thedisposalgroupreferstoagroupofassetsthataredisposedofasawholeinatransactionthroughsaleorothermeans,andtheliabilitiesthataredirectlyrelatedtotheseassetsandtransferredinthetransaction.WherethegoodwillobtainedinthemergerofenterprisesisapportionedfortheassetgrouporassetgroupcombinationtowhichthedisposalgroupbelongsaccordingtoAccountingStandardsforEnterprisesNo.8?ImpairmentofAssets,thisdisposalgroupshouldcontainthegoodwillapportionedtothedisposalgroup.
(2)AccountingtreatmentForthenon-currentassetanddisposalgroupthatisclassifiedasthecategoryheldforsale,theCompanycarriesoutinitialmeasurementorre-measurementaccordingtothesmallerresultofthenetvalueofthebookvalueandthefairvalueminusthenetamountofthedisposalexpense.Wherethenetvalueofthefairvalueminusthedisposalcostislowerthantheoriginalbookvalue,thedifferenceis
confirmedasassetsimpairmentlossesandincludeinthecurrentprofitsandlosses,andtheprovisionforimpairmentoftheassetsheldforsaleismadeatthesametime;fortheamountofassetsimpairmentlossesconfirmedbythedisposalgroupheldforsale,thebookvalueofthegoodwillinthedisposalgroupisdeductedfirst,andthenitsbookvalueisdeductedinproportionaccordingtotheratiosofthebookvaluesofvariousnon-currentassetsapplicabletomeasurementofthecategoryheldforsalesinthedisposalgroup.Wherethenetvalueofthefairvalueofnon-currentassetsheldforsaleonthebalancesheetdateminusthesellingexpenseincreasessubsequently,thepreviouswrite-downamountisrestoredandwillbetransferredbackintheamountofassetsimpairmentlossafterclassificationasthecategoryheldforsalesisconfirmed,andtheamounttransferredbackshallbeincludedinthecurrentprofitsandlosses.Assetimpairmentlossesrecognizedbeforetheclassificationarenottransferredback.Wherethenetvalueofthefairvalueofdisposalgroupheldforsaleonthebalancesheetdateminusthesellingexpenseincreasessubsequently,thepreviouswrite-downamountisrestoredandwillbetransferredbackintheamountofassetimpairmentlossesconfirmedfornon-currentassetsapplicabletothemeasurementprovisionsofthecategoryheldforsaleafterclassificationasthecategoryheldforsales,andtheamounttransferredbackshallbeincludedinthecurrentprofitsandlosses.Forthedeductedbookvalueofgoodwillandthenon-currentassetsapplicabletothemeasurementprovisionsofthecategoryheldforsale,theassetimpairmentlossesconfirmedbeforeclassificationasthecategoryheldforsalesshallnotbetransferredback.Fortheamountsubsequentlytransferredbackforassetimpairmentlossesrecognizedinthedisposalgroupheldforsale,itsbookvalueisincreasedinproportionaccordingtotheratiosofthebookvaluesofvariousnon-currentassetsapplicabletomeasurementprovisionsofthecategoryheldforsalesinthedisposalgroupexcludingthegoodwill.Thenon-currentassetsheldforsaleornon-currentassetsinthedisposalgrouparenotmadeforprovisionforimpairmentoramortized,andtheinterestsondebtsandotherexpensesinthedisposalgroupheldforsalewillbeconfirmedcontinuously.Themeasurementmethodsofthecategoryheldforsaledonotapplytothedeferredincometaxassets,financialassetscomplyingwiththespecificationsofAccountingStandardsforBusinessEnterprisesNo.22?RecognitionandMeasurementofFinancialInstruments,investmentrealestateandbiologicalassetsmeasuredatfairvalue,contractrightsproducedintheinsurancecontract,andtheassetsproducedinthewelfareoftheworkers,andtheyaremeasuredaccordingtotherelevantcriteriaorcorrespondingaccountingpoliciesformulatedbytheCompany.Wherethedisposalgroupcontainsthenon-currentassetsapplicabletothemeasurementmethodofthecategoryheldforsale,themeasurementmethodofthecategoryheldforsaleisapplicabletothewholedisposalgroup.Therelatedaccountingstandardsapplytomeasurementofliabilitiesinthedisposalgroup.Whenthenon-currentassetsordisposalgroupisremovedfromthedisposalgroupheldforsalebecauseitdoesnotmeettheclassificationconditionofthecategoryheldforsaleanymoreandwillnotbeclassifiedasthecategoryheldforsaleornon-currentassets,itshallbemeasuredaccordingtothesmalleroneofthefollowingtwo:
1)Incaseofthebookvaluebeforebeingclassifiedintotheheldforsalecategory,theamountadjustedaccordingtothedepreciation,amortizationorimpairmentthatshouldhavebeenrecognizedundertheassumptionthatitisnotclassifiedasheldforsalecategory;
2)Recoverableamount.
17.Long-termequityinvestments
Thelong-termequityinvestmentsmainlyincludetheequityinvestmentheldbytheCompanythatcantakecontrolovertheinvesteeandhaveasignificantimpact,aswellastheequityinvestmentinitsjointventure.
(1)JudgmentstandardsofcontrolandsignificantinfluenceJudgmentstandardsofcontrol:
1)TheCompanyownsthepowertotheinvestee;
2)TheCompanyenjoysvariablereturnbyparticipatingrelevantactivitiesoftheinvestee;
3)TheCompanyhastheabilitytousethepowerovertheinvesteetoinfluencetheCompany'sreturnamount;
4)TheCompanyacknowledgesthecontrolforcefortheinvesteethatmeetstheabovethreeconditions.Judgmentstandardsofsignificantinfluence:
5)TheCompanyhasthepowertoparticipateinthedecision-makingoftheinvestee'sfinancialandoperatingpolicies,butdoesnotcontrol,orjointlycontroltheformulationofthesepolicieswithotherparties;
6)WheretheCompanyisabletoexertsignificantimpactontheinvestee,itistheassociatedenterpriseoftheCompany;
7)TheinvesteeundercommoncontrolbytheCompanyandotherparticipantsisajointventureoftheCompany.Commoncontrolmeansthatanyparticipantcannotindependentlycontrolthisarrangement,andanyparticipantwiththerighttocommoncontrolonthisarrangementcanpreventotherparticipantsorthecombinationofparticipantsfromindependentlycontrollingthisarrangement.
(2)Determinationoftheinvestmentcostofthelong-termequityinvestmentThelong-termequityinvestmentoftheCompanyismeasuredattheinvestmentcostatthetimeofacquisition.Normallytheinvestmentcostreferstotheassetspaid,liabilitiesincurredorundertaken,andthefairvalueofequitysecuritiesissuedfortheacquisitionofthisinvestment,includingthecostsdirectlyattributabletotheacquisition.However,forthelong-termequityinvestmentformedbybusinesscombinationinvolvingenterprisesundercommoncontrol,theinvestmentcostistheshareofcarryingamountofthecombinedparty'snetassetsacquiredonthecombinationdateintheultimatecontrollingparty'sconsolidatedfinancialstatements.
(3)Subsequentmeasurementoflong-termequityinvestmentsandmethodsofprofitsandlossesrecognition
TheCompanyadoptsthecostmethodtocalculatethelong-termequityinvestmentthatcancontroltheinvestee,andtheequitymethodtocalculatetheinvestmentofassociatedenterpriseandjointventure.Thepriceofalong-termequityinvestmentaccountedbyemployingthecostmethodshallbeincludedatitsinitialinvestmentcost.Ifthereareadditionalinvestmentsordisinvestments,thecostofthelong-termequityinvestmentshallbeadjusted.Thecashdividendsorprofitsdeclaredtodistributebytheinvesteeshallberecognizedasinvestmentincomeandchargedtoprofitsandlossesofthecurrentperiod.WhentheCompanyemploystheequitymethodforaccountingofthelong-termequityinvestment,iftheinvestmentcostofalong-termequityinvestmentismorethantheinvestingenterprise'attributableshareofthefairvalueoftheinvestee'sidentifiablenetassetsfortheinvestment,theinvestmentcostofthelong-termequityinvestmentmaynotbeadjusted;iftheinvestmentcostofalong-termequityinvestmentislessthantheinvestingenterprise'attributableshareofthefairvalueoftheinvestee'sidentifiablenetassetsfortheinvestment,thecarryingamountofthelong-termequityinvestmentshallbeadjusted,andthedifferenceshallberecordedintotheprofitsandlossesofthecurrentperiod.WhentheCompanyemploystheequitymethodforaccountingofthelong-termequityinvestment,theCompanyfirstadjuststheinvestee'snetprofitsandlossesandothercomprehensiveincomeintheaspectssuchasthefairvalueoftheinvestee'sidentifiablenetassetsatthetimeofinvestmentacquisition,accountingpolicyandaccountingperiod,andthenrecognizesthecurrent-periodinvestmentprofitsandlossesandothercomprehensiveincomebasedonthenetprofitsandlossesandothercomprehensiveincomesharesoftheinvesteethatshouldbeenjoyedorshared.Forotherchangesinowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistribution,thecarryingamountofthelong-termequityinvestmentshallbeadjustedandrecordedintotheowners'equities.FortheunrealizedinternaltransactionprofitsandlossesthatarisebetweentheCompanyandtheassociatesandjointventures,thepartattributabletotheCompanyshallbecalculatedaccordingtotheshareholdingproportion,andtheinvestmentprofitsandlossesshallberecognizedonthebasisofoffsetting.Forthelong-termequityinvestmentsheldalreadypriortoJanuary1,2007fortheassociatesandjointventures,ifthereisanyequityinvestmentdifferenceonthedebitside,theinvestmentprofitsandlossesshallberecognizedafterdeductionoftheequityinvestmentdifferenceonthedebitsideamortizedbythestraight-linemethodaccordingtotheoriginalresidualmaturity.
(4)RecognitionofcommoncontrolandsignificantinfluencesontheinvesteeCommoncontrolisrecognizedasthecontrolwhichdoesnotexistunlesstheinvestingpartiesunanimouslyagreeonsharingthecontrolpowerovertherelevantimportantfinancialandoperatingdecisionsoftheinvesteeaccordingtotheprovisionsofthecontract.Significantinfluenceswillberecognizedwherethereispowertoparticipateinmakingdecisionsonthefinancialandoperatingpoliciesoftheinvestee,butnottocontrolordojointcontroltogetherwithotherpartiesovertheformulationofthesepolicies.WhentheCompanyholdsmorethan20.00%(inclusive)butlessthan50.00%ofvotingsharesoftheinvesteedirectlyorindirectlythroughasubsidiary,significantinfluencesontheinvesteeshallberecognized,unlessthereisclearevidenceindicatingthattheCompanycannotparticipateinproductionandmanagementdecision-makingoftheinvesteeinthissituationandthereforecannotgeneratesignificantinfluences;iftheCompanyholdslessthan20.00%(exclusive)ofvotingsharesoftheinvestee,usuallytheCompanyisnotdeemedtohaveasignificantinfluenceontheinvestee,unlessthereisclearevidenceindicatingthattheCompanycanparticipateinproductionandmanagementdecision-makingoftheinvesteeinthissituationandthereforecangeneratesignificantinfluences.
(5)Conversionofaccountingmethodoflong-termequityinvestment
WheretheequityinvestmentoriginallyheldbytheCompany,whichisunabletocontrol,isnotundercommoncontrolwithorhasnosignificantinfluencesontheinvestedentity,isconvertedintoaninvestmentforanassociateorjointventureduetoadditionalinvestment,theinvestmentshallbeaccountedbytheequitymethodinstead,andtheCompanyshallusethefairvalueoftheoriginalequityinvestmentplusthefairvalueoftheconsiderationpaidtoacquirethenewlyaddedinvestmentastheinitialinvestmentcostaccountedby
theequitymethodinstead.Thedifferencebetweenthefairvalueandcarryingamountoftheoriginallyheldequityinvestmentpriortotheadditionalinvestment,andthecumulativefairvaluechangesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredtothecurrent-periodprofitsandlossesaccountedbytheequitymethodinstead.Fortheoriginallyheldinvestmentsforassociatesandjointventures,iftheyarenotabletobeundercommoncontrolwithorhavesignificantinfluencesontheinvestedentity,iftheyarenotabletobeundercommoncontrolwithorhavesignificantinfluencesontheinvestedentityduetoreasonsuchaspartialdisposal,accountingtreatmentmustbeperformedforresidualequityinvestmentsaccordingtotherecognitionandmeasurementstandardsforfinancialinstruments,andthedifferencebetweenthefairvalueandcarryingamountonthedateonwhichthecommoncontrolorsignificantinfluenceislostshallbechargedtoprofitsandlossesofthecurrentperiod.Whenaccountingbasedontheequitymethodisterminatedforotherrelatedcomprehensiveincomeoriginallysubjecttoaccountingofequitymethod,accountingtreatmentisperformedusingthebasisthesameasthatusedbytheinvesteetodirectlydisposeofrelevantassetsorliabilities;alltheowners'equitiesthatarerecognizedduetootherchangesinowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistributionoftheinvesteeshallbetransferredtotheprofitsandlossesofthecurrentperiodwhenaccountingbasedontheequitymethodisterminated.Wheretheoriginallyheldinvestmentsforassociatesorjointventuresareconvertedtoinvestmentsforsubsidiariesduetoadditionalinvestment,intheindividualfinancialstatements,thesumofthecarryingvalueoftheacquiredparty'sequityinvestmentheldpriortotheacquisitiondateandtheinvestmentcostnewlyaddedontheacquisitiondateshallbeusedastheinitialinvestmentcostofsuchaninvestment;fortheequityinvestmentheldpriortotheacquisitiondate,othercomprehensiveincomerecognizedduetoaccountingoftheequitymethodshallundergoaccountingtreatmentusingthebasisthesameasthatusedbytheinvesteetodirectlydisposeofrelevantassetsorliabilitieswhensuchaninvestmentisdisposedof.Whentheinfluencingcapabilityontheinvesteeisconvertedfromcontroltoasignificantinfluenceorcommoncontroltogetherwithotherinvestorsduetoinvestmentdisposal,thelong-termequityinvestmentcost,forwhichrecognitionshallbeterminated,isfirstcarriedoveraccordingtotheproportionofinvestmentdisposal.Onsuchabasis,theremaininglong-termequityinvestmentcostiscomparedwiththeshareattributabletotheCompanyinthefairvalueoftheinvestee'sidentifiablenetassetsatthetimeoforiginalinvestment,whichiscalculatedaccordingtotheremainingshareholdingproportion.Forthegoodwillparttobeembodiedintheinvestmentevaluation,thecarryingamountoflong-termequityinvestmentshallnotbeadjusted;wheretheinvestmentcostislessthantheshareattributabletotheCompanyinthefairvalueoftheinvestee'sidentifiablenetassetsatthetimeoforiginalinvestment,anyexcessshallbeadjustedagainstretainedearningswhenthelong-termequityinvestmentcostisadjusted.FortheshareattributabletotheCompanyintheinvestee'srealizednetprofitsandlossesbetweenacquisitionoftheoriginalinvestmentandconversiontoaccountingoftheequitymethodduetoinvestmentdisposal,thecarryingamountofthelong-termequityinvestmentshallbeadjusted,meanwhile,anyexcessshallbeadjustedagainstretainedearningsfortheshareattributabletotheCompanyintheinvestee'srealizednetprofitsandlosses(excludingthecashdividendsorprofitsdistributedordeclaredtodistribute)fromacquisitionoftheoriginalinvestmenttothebeginningoftheperiodinwhichtheinvestmentisdisposedof,andthecurrent-periodprofitsandlossesshallbeadjustedfortheshareattributabletotheCompanyintheinvestee'srealizednetprofitsandlossesfromthebeginningoftheperiodinwhichtheinvestmentisdisposedoftotheinvestmentdisposaldate;theshareattributabletotheCompanyintheinvestedentity'schangesinothercomprehensiveincomeshallberecordedintoothercomprehensiveincomewhenthecarryingamountofthelong-termequityinvestmentisadjusted;theshareattributabletotheCompanyintheinvestee'sotherchangesinowners'equitiesarisingfromreasonsotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistributionshallberecordedinto"Capitalreserves?othercapitalreserves"whenthecarryingamountofthelong-termequityinvestmentisadjusted.Afterthecostmethodisconvertedtotheequitymethodforthelong-termequityinvestment,theshareattributabletotheCompanyintheinvestee'srealizednetprofitsandlosses,othercomprehensiveincomeandotherchangesinowners'equitiesshallbecalculatedandrecognizedaccordingtoprovisionsofthestandardinthefutureperiod.Fortheoriginallyheldlong-termequityinvestmentthatisabletocontroltheinvestee,iftheshareholdingproportiondeclinesduetoreasonssuchaspartialdisposalandtheinvestmentcannotbeabletocontrol,beundercommoncontrolwithorhavesignificantinfluencesontheinvestee,accountingtreatmentmustbeperformedforremainingequityinvestmentsaccordingtotherecognitionandmeasurementstandardsforfinancialinstruments.Thedifferencebetweenthefairvalueandcarryingamountonthedateofcontrollossshallberecordedintotheinvestmentincomeofthecurrentperiod.Intheprocessofholdingthelong-termequityinvestment,iftheCompanydecidestosellallorpartofheldequityoftheinvesteeinconsiderationofallaspects,thecarryingamountofthelong-termequityinvestmentcorrespondingtothesoldequityshallbecarriedoveraccordingly,andthedifferencebetweenthesellingpriceandthecarryingamountoflong-termequityinvestmentfordisposalshallberecognizedasdisposalprofitsandlosses.
IftheCompanydisposesofallthelong-termequityinvestmentsaccountedbytheequitymethod,whenaccountingbasedontheequitymethodisterminatedforotherrelatedcomprehensiveincomeoriginallysubjecttoaccountingofequitymethod,accountingtreatmentisperformedusingthebasisthesameasthatusedbytheinvesteetodirectlydisposeofrelevantassetsorliabilities;alltheowners'equitiesthatarerecognizedduetochangesinotherowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistributionoftheinvesteeshallbetransferredtotheinvestmentincomeofthecurrentperiodwhenaccountingbasedontheequitymethodisterminated;ifapartofthelong-termequityinvestmentaccountedbytheequitymethodisdisposedofandtheresidualequityisstillaccountedusingtheequitymethod,otherrelatedcomprehensiveincomeoriginallysubjecttoaccountingofequitymethodshallbehandledusingthebasisthesameasthatusedbytheinvesteetodirectlydisposeofrelevantassetsorliabilitiesandbecarriedoverbyproportion,andtheowners'equitiesthatarerecognizedduetootherchangesinowners'equitiesotherthanthenetprofitsandlosses,othercomprehensiveincomeandprofitdistributionoftheinvestedentityshallbecarriedovertotheinvestmentincomeofthecurrentperiodaccordingtotheproportion.
18.Investmentrealestate
TheCompany'sinvestmentrealestateincludesalanduserightthatisleasedout,alanduserightheldfortransferuponcapitalappreciationandabuildingthatisleasedout.TheCompany'sinvestmentrealestateismeasuredatitscost,andtheCompanyusesthecostmodelforasubsequentmeasurementofitsinvestmentrealestate.ThedepreciationandamortizationoftheinvestmentrealestateshallbemadeinaccordancewiththeaccountingpoliciesoffixedassetsorintangibleassetsoftheCompany.WhentheCompanychangesthepurposeoftheinvestmentrealestate,suchasforself-use,itshalltransfertherelevantinvestmentrealestatetootherassets.SeeNoteIII.24“Long-termassetimpairment”fortheimpairmenttestmethodandimpairmentreserveaccrualmethodofinvestmentrealestate.
19.Fixedassets
(1)RecognitionstandardoffixedassetsTheCompany'sfixedassetsrefertotangibleassetsheldfortheproductionofcommodities,provisionoflaborservices,leaseoroperationandmanagement,withaservicelifeexceedingoneaccountingyear.Fixedassetscannotberecognizedunlesstheysimultaneouslymeettheconditionsasfollows:
1)Theeconomicinterestsrelatedtothefixedassetsarelikelytoflowintotheenterprise;
2)Thecostofthisfixedassetcanbemeasuredreliably.
(2)MeasurementoffixedassetsThefixedassetsaremeasuredatcost.
1)Thecostofapurchasedfixedassetconsistsofthepurchaseprice,therelevanttaxes,freight,loadingandunloadingfees,professionalservicefeesandotherexpensesthatbringthefixedassettotheexpectedconditionsforuseandthatmayberelegatedtothefixedasset.
2)Ifthepaymentforafixedassetisdelayedbeyondthenormalcreditconditions,anditisoffinancingnatureineffect,thecostofthefixedassetshallberecognizedbasedonthepresentvalueofthepurchaseprice.Thedifferencebetweentheactualpaymentandthepresentvalueofthepurchasepriceshallbeincludedinthecurrentprofitsandlosseswithinthecreditperiod,unlessitshallbecapitalizedinaccordancewiththeAccountingStandardsNo.17?BorrowingCosts.
3)Thecostofself-constructedfixedassetsconsistsofthenecessaryexpendituresincurredbeforetheassetsreachingthepredeterminedusablestate.
4)Thecostinvestedtoafixedassetbytheinvestorshallberecognizedinaccordancewiththevalueasstipulatedintheinvestmentcontractoragreement,otherthanthoseofunfairvalueasstipulatedinthecontractoragreement.
5)Thecostsoffixedassetsacquiredthroughtheexchangeofnon-monetaryassets,recombinationofliabilities,mergerofenterprisesandleaseshallberespectivelyrecognizedinaccordancewiththeAccountingStandardsNo.7?ExchangeofNon-monetaryAssets,AccountingStandardsforEnterprisesNo.12?DebtRestructuring,AccountingStandardsforEnterprisesNo.20?MergerofEnterprisesandAccountingStandardsforEnterprisesNo.21?Leases.
(3)ClassificationoffixedassetsTheCompany'sfixedassetsareclassifiedintohousesandbuildings,machineryequipment,electronicequipmentandtransportationequipmentandotherwise.
(4)Depreciationoffixedassets
1)Recognitionofdepreciationmethodandservicelife,expectednetsalvagevaluerateandannualdepreciationrate:
Thedepreciationoffixedassetsshallbemadebythestraight-linemethod.Theannualdepreciationraterecognizedaccordingtothecategory,servicelifeandexpectednetsalvagevaluerateoffixedassetsisasfollows:
| Categoryoffixedassets | Expectednetsalvagevaluerate(%) | ExpectedserviceLife(year) | Annualdepreciationrate(%) |
| Housesandbuildings | 5.00 | 20.00 | 4.75 |
| Machineryequipment | 5.00 | 6.00-10.00 | 9.50-15.83 |
| Electronicequipment | 5.00 | 2.00-3.00 | 31.67-47.50 |
| Transportationequipment | 5.00 | 3.00-4.00 | 23.75-31.67 |
| Others | 5.00 | 3.00-5.00 | 19.00-31.67 |
Depreciationoffixedassetsofwhichaprovisionforimpairmenthasbeenmade:Forafixedassetofwhichaprovisionforimpairmenthasbeenmade,thedepreciationofthefixedassetshallbemadebasedontheamountofdeductingitsexpectednetsalvagevalue,depreciationamountandprovisionforimpairmentfromtheoriginalpriceofthefixedassetandremainingservicelifeofthefixedassets.Forthefixedassetsthathavereachedintendedusableconditionbutnotpreparedthefinalaccountforcompletion,theircostsshallberecognizedattheirestimatedvalue,andtheirdepreciationshallbemadeaccordingly;aftercompletionofthefinalaccountforcompletion,theoriginalestimatedvalueofthefixedassetsshallbeadjustedbytheiractualcosts,buttheoriginaldepreciationamountdoesnotrequireadjusting.
2)Checkofservicelife,expectednetsalvagevalueanddepreciationmethodoffixedassets:
TheCompanyshall,atleastattheendofeachyear,haveacheckontheservicelife,expectednetsalvagevalue,andthedepreciationmethodofthefixedassets.IftheCompanyfindsthatthereisanydifferencebetweentheexpectedservicelifeandthepreviouslyestimatedservicelifeofafixedasset,theexpectedservicelifeofthefixedassetshallbeadjusted;ifthereisanydifferencebetweentheamountofexpectednetsalvagevalueandthepreviouslyestimatedamountofthenetsalvagevalue,theexpectednetsalvagevalueshallbeadjusted;ifanysignificantchangeismadeontheformoftherealizationoftheexpectedeconomicbenefitsconcerningafixedasset,themethodforthedepreciationofthefixedassetshallbechanged.Ifanychangeismadetotheservicelife,expectednetsalvagevalueorthedepreciationmethodofafixedasset,itshallberegardedasachangeoftheaccountingestimates.
(5)TreatmentofsubsequentexpendituresforfixedassetsSubsequentexpendituresincurredonafixedassetrefertorepairexpenses,renovationexpenses,repaircostsanddecorationexpensesandotherwiseincurredinthecourseofuseofthefixedasset.Theiraccountingtreatmentisasfollows:Wheresubsequentexpendituresofafixedassetsuchasrenovationexpensesmeettheconditionsofrecognizingthefixedasset,theyshallberecordedintothecostofthefixedasset,andthecarryingamountofthereplacedpartofthesubsequentexpendituresshallbededucted;wheresubsequentexpendituresofafixedassetsuchasrepaircostsdonotmeettheconditionsofrecognizingthefixedasset,theyshallberecordedintotheprofitsandlossesofthecurrentperiodinwhichtheyareincurred;wherethedecorationexpensesofafixedassetmeettheconditionsofrecognizingthefixedasset,theyshallbemeasuredinasingledetailaccountof"FixedAssets",andthedepreciationofthefixedassetshallbemadeseparatelybythestraight-linemethodinashortertimeoftheperiodoftwodecorationsandremainingusablelifeofthefixedasset.Theimprovementexpendituresincurredonafixedassetleasedbyoperatingleaseshallbecapitalizedandreasonablyamortizedaslong-termprepaidexpenses.
(6)Impairmenttestmethodandaccountinganddrawingmethodforimpairmentprovisionoffixedassets
SeeNoteIII.24“Long-termassetimpairment”fortheimpairmenttestmethodandimpairmentprovisionmethodoffixedassets.
20.ConstructioninprogressTheterm"constructioninprogress"referstoallnecessaryexpendituresincurredbeforetheacquiredfixedassetsenabletheprojecttoreachexpectedusablecondition,includingprojectdirectmaterials,directemployeecompensation,installationcostsforequipmenttobeinstalledandprojectconstruction,projectmanagementfees,netprofitsandlossesofprojectcommissioningandapprovedcapitalizedborrowingcosts.
(1)Valuationofconstructioninprogress
TheCompany'sconstructioninprogressshallbemeasuredindividuallybyconstructionprojectandshallbevaluatedatactualcost.
(2)Timewhenconstructioninprocessiscarriedforwardtofixedassets
Whentheconstructioninprogressreachestheexpectedusablecondition,theyshallbetransferredtofixedassetattheiractualcost.Forthefixedassetsthathavereachedexpectedusableconditionbutnotpreparedthefinalaccountforcompletion,theyshallbechargedtotheaccountattheirestimatedvalueandshallbeadjustedaftertheiractualvalueisrecognized.SeeNoteIII.24“Long-termassetimpairment”fortheimpairmenttestmethodandimpairmentprovisionmethodofconstructioninprocess.
21.Borrowingcosts
BorrowingcostsareinterestsandothercostsincurredbytheCompanyinconnectionwiththeborrowingofthefunds,includinginterests,amortizationofdiscountsorpremiumsrelatedtoborrowings,ancillarycostsincurredinconnectionwiththearrangementofborrowings,andexchangedifferencesarisingfromforeigncurrencyborrowings.
(1)RecognitionofcapitalizationofborrowingcostsTheborrowingcoststhataredirectlyattributabletotheacquisition,constructionorproductionofaqualifyingassetshallbecapitalized,andtheamountsofotherborrowingcostsincurredshallberecordedintotheprofitsandlossesoftheperiodinwhichtheyareincurred.Qualifyingassetsarefixedassets,investmentrealestateandinventoriesandotherwisethatnecessarilytakeasubstantialperiodoftimeforacquisition,constructionorproductiontogetreadyfortheirintendeduseorsale.
(2)Periodofcapitalizationofborrowingcosts
1)Timepointofcapitalizationofborrowingcosts.Thecapitalizationofborrowingcostscommencesonlywhenallthefollowingconditionsaresatisfied:
a.Expendituresfortheassethavebeenincurred;b.Borrowingcostshavebeenincurred;andc.Activitiesrelatingtotheacquisition,constructionorproductionoftheassetthatarenecessarytopreparetheassetforitsintendeduseorsalehavecommenced.
2)Timepointofceasingcapitalizationofborrowingcosts:
Capitalizationofborrowingcostsceaseswhenthequalifyingassetacquired,constructedorproducedbecomesreadyforitsintendeduseorsale.Thesubsequentborrowingcostsshallberecordedintotheprofitsandlossesofthecurrentperiod.
3)Recognitionofsuspendingcapitalizationofborrowingcosts:
Whenanabnormalinterruptionoccursduringtheconstructionorproductionofanassetwhichsatisfiestheconditionsforcapitalizationandtheinterruptioncontinuesformorethanthreemonthsconsecutively,thecapitalizationofborrowingexpensewillbepaused,theborrowingexpenseincurredduringthesuspensionwillbeincludedinthecurrentprofitsandlosses.
(3)ComputingmethodofcapitalizingamountofborrowingcostsDuringthecapitalizationperiod,theamountofinterest(includingamortizationofdiscountsorpremiums)tobecapitalizedforeachaccountingperiodshallberecognizedasfollows:
1)Ifaspecializedloanisborrowedforthepurchase,constructionorproductionofassetsthatmeetthecapitalizationconditions,theamountshallbedeterminedbasedontheactualinterestexpensesincurredinthecurrentperiodofthespecializedloan,minustheinterestincomeobtainedfromdepositingunusedloanfundsinthebankortheinvestmentincomeobtainedfromtemporaryinvestments;
2)Wheregeneralfundsareborrowedfortheacquisition,constructionorproductionofaqualifyingasset,theamountofinteresttobecapitalizedonsuchgeneralborrowingsshallbecalculatedandrecognizedbyapplyingacapitalizationrateofsuchgeneralborrowingstotheweightedaverageoftheexcessamountsofaccumulatedexpendituresontheassetoverandabovetheamountsofspecialborrowings.Thecapitalizationrateshallbecalculatedandrecognizedbytheweightedaverageinterestrateofgeneralborrowings.Wherethereisanydiscountorpremium,theamountofdiscountsorpremiumsthatshallbeamortizedduringeachaccountingperiodshallberecognizedbytherealinterestratemethod,andanadjustmentshallbemadetotheamountofinterestsineachperiod.Duringtheperiodofcapitalization,theamountofinterestcapitalizedduringeachaccountingperiodshallnotexceedtheamountofinterestactuallyincurredtotherelevantborrowingsinthecurrentperiod.Ancillarycostsinconnectionwithspecialborrowingsthatareincurredbeforethequalifyingassetacquired,constructedorproducedbecomesreadyforitsintendeduseorsaleshallbecapitalizedonthebasisoftheincurredamountwhentheyareincurred,andtheyshallberecordedintothecostofqualifyingasset;thoseincurredafterthequalifyingassetacquired,constructedorproducedbecomesreadyforitsintendeduseorsaleshallberecognizedasexpensesonthebasisoftheincurredamountwhentheyareincurred,andshallbe
recordedintotheprofitsandlossesofthecurrentperiod.Theancillarycostsarisingfromageneralborrowingshallberecognizedasexpensesattheirincurredamountwhentheyareincurred,andshallberecordedintotheprofitsandlossesofthecurrentperiod.
22.Right-of-useassetsForthedeterminationmethodofright-of-useassetandaccountingtreatmentmethod,pleaseseeNoteIII.34"Lease".
23.IntangibleassetsAnintangibleassetisanidentifiablenon-monetaryassetwithoutphysicalsubstanceownedorcontrolledbytheCompany.Intangibleassetscanberecognizedonlywhentheymeettheconditionssimultaneouslyasfollows:
a.Theyareconsistentwiththedefinitionofintangibleassets;b.TheeconomicbenefitsrelatedtointangibleassetsarelikelytoflowintotheCompany;andc.Thecostofintangibleassetscanbemeasuredreliably.
(1)Measurementofintangibleassets
Theintangibleassetsshallbemeasuredaccordingtotheircostorfairvalue(ifincreasedthroughbusinesscombinationnotinvolvingenterprisesundercommoncontrol).
(2)Subsequentmeasurement
TheCompanyshallanalyzeandjudgetheservicelifeofintangibleassetswhenitobtainsintangibleassets.IftheCompanyisunabletoforecasttheperiodwhentheintangibleassetcanbringeconomicbenefitstoit,itshallberegardedasanintangibleassetwithuncertainservicelife.Withregardtoanintangibleassetwithlimitedservicelife,itsamortizationamountshallbeamortizedbyexpectedrealizationpatternofitseconomicbenefits,iftheCompanyisunabletorecognizetheexpectedrealizationpatternreliably,intangibleassetsshallbeamortizedbythestraight-linemethod.TheCompanyshall,atleastattheendofeachyear,checktheservicelifeandtheamortizationmethodofintangibleassetswithlimitedservicelife.Ifnecessary,itshalladjustthesaidservicelifeandamortizationmethod.Withregardtoanintangibleassetwithuncertainservicelife,itsamortizationamountshallnotbeamortized,buttheCompanyshallchecktheservicelifeofthesaidintangibleasseteveryyearandshallcarryoutanimpairmenttestforit.
(3)Estimationofservicelife
Asforintangibleassetswithlimitedservicelife,theestimationoftheirservicelifegenerallyconsidersthefollowingfactors:
1)Generallifecycleofproductsmanufacturedbyusingtheassetsandinformationaboutservicelifeofsimilarassetsavailable;
2)Presentsituationoftechnologiesandprocessandestimationforfuturedevelopmenttrends;
3)Marketdemandofproductsmanufacturedorservicesrenderedbyusingtheassets;
4)Expectedactionsofpresentorpotentialcompetitors;
5)ExpectedmaintenanceexpensesforeconomiccapacityfromtheassetsandtheCompany'sexpectedcapabilitytopayrelevantexpenses;
6)Lawsandregulationsorsimilarrestrictionsrelatingtothecontrolperiodoftheassets,suchasconcessionperiodandleaseperiod;
7)RelevancewithservicelifeofotherassetsheldbytheCompany,etc.
(4)Divisionofresearchexpendituresanddevelopmentexpendituresincludedinexpendituresforinternalresearchanddevelopmentprojects
1)Researchexpendituresininternalresearchanddevelopmentprojectsshallberecordedintotheprofitsandlossesofthecurrentperiodwhentheyareincurred.
2)TheexpendituresforthedevelopmentstageofinternalR&Dprojectsshallberecognizedasintangibleassetswhenthefollowingconditionsaremetatthesametime:
a.Thedevelopmentoftheintangibleassetiscompletedtomaketheuseorsaleoftheintangibleassetsfeasibletechnically;b.Havetheintenttocompletetheintangibleassetsanduseorsellthem;c.Howtheintangibleassetwillgenerateeconomicbenefits,includingtheabilitytodemonstratetheexistenceofamarketfortheoutputoftheintangibleassetortheintangibleassetitselfor,ifitistobeusedinternally,theusefulnessoftheintangibleasset;d.Availabilityofadequatetechnical,financialandotherresourcestocompletethedevelopmentandtouseorselltheintangibleasset;e.Abilitytomeasurereliablytheexpenditurethatisattributabletotheintangibleassetduringitsdevelopment.Wheretheexpendituresatresearchstageoratdevelopmentstagecannotbedistinguished,allexpenditurestoresearchanddevelopment
shallbeincludedinthecurrentprofitsandlosses.
(5)Impairmenttestmethodandaccountinganddrawingmethodofimpairmentprovisionforintangibleassets
SeeNoteIII.24“Long-termassetimpairment”fortheimpairmenttestmethodandimpairmentprovisionmethodofintangibleassets.
24.Impairmentoflong-termassetsOnthebalancesheetdate,ifthereisanysignshowingpossibleimpairmentofassets(referringtotheassetsotherthaninventories,equityinstrumentsthathavenoquotedpriceandreliablefairvaluemeasurementinactivemarket,investmentrealestatemeasuredbyfairvaluemodel,consumablebiologicalassets,assetsformedunderconstructioncontract,deferredincometaxassets,residualvaluenotguaranteedbytherenterinthefinancingleaseandfinancialassets),theirrecoverableamountshallbeestimatedonthebasisofsingleitemassets;Whereitisdifficulttoestimatetherecoverableamountofthesingleitemassets,therecoverableamountoftheassetsshallberecognizedonthebasisoftheirassetgrouporcombinationofassetgroups.Therecoverableamountshallberecognizedinlightofthehigheroneofthenetamountofthefairvalueofthesingleitemassets,assetgrouporcombinationofassetgroupslessthedisposalexpensesandthepresentvalueoftheexpectedfuturecashflowofthesingleitemassets,assetgrouporcombinationofassetgroups.Wheretherecoverableamountofthesingleitemassetsislowerthantheircarryingamount,aprovisionfortheassetimpairmentshallbemadeaccordinglyonthebasisofthedifferencebetweenthecarryingamountofthesingleitemassetsandtheirrecoverableamount.Wheretherecoverableamountofanassetgrouporacombinationofassetgroupsislowerthanitscarryingamount,itshallberecognizedasthecorrespondingimpairmentloss.Theamountoftheimpairmentlossshallfirstchargeagainstthecarryingamountofgoodwillwhichisapportionedtotheassetgrouporcombinationofassetgroups,thenchargeitagainstthecarryingamountofotherassetsinproportiontotheweightofotherassetsintheassetgrouporcombinationofassetgroupswiththegoodwillexcluded.Thechargesagainstthecarryingamountoftheassetsaboveshallbetreatedastheimpairmentlossofthesingleitemassets(includingthegoodwill),andaprovisionforimpairmentofthesingleitemassetsshallbemadeaccordingly.Oncetheabovelossofassetimpairmentisrecognized,itshallnotbetransferredbackinfutureaccountingperiods.
25.Long-termunamortizedexpensesLong-termdeferredexpensesrefertotheexpensesincurredbytheCompanybutattributabletothecurrentandsubsequentaccountingperiodsofmorethanoneyear(excludingoneyear),includingtheexpensesforimprovementoffixedassetsleasedbyoperatinglease.Long-termdeferredexpensesshallberecordedintotheaccountbasedontheiractualamountofexpenditureandshallbeaveragelyamortizedbytheirbeneficialperiod,iflong-termdeferredexpensescannotbenefitsubsequentaccountingperiods,theunamortizedvalueoftheprojectshallbealltransferredtotheprofitsandlossesofthecurrentperiod.
26.Contractliabilities
ContractliabilityreferstotheCompany'sobligationtotransfergoodstocustomersforconsiderationreceivedorreceivablefromcustomers.IfbeforetheCompanytransfersthegoodstothecustomer,thecustomerhaspaidthecontractconsiderationortheCompanyhasobtainedtheunconditionalrighttoreceivepayment,theCompanywill,attheearliertimepointbetweentheactualpaymentbythecustomerandthepaymentdue,presenttheamountreceivedorreceivablesascontractliabilities.Contractassetsandcontractliabilitiesunderthesamecontractarepresentedinnetamount,andcontractassetsandcontractliabilitiesunderdifferentcontractsarenotoffset.
27.Employeecompensation
(1)Accountingtreatmentofshort-termcompensation
IntheaccountingperiodduringwhichemployeesprovideservicestotheCompany,theCompanyrecognizestheshort-termcompensationactuallyincurredasliabilitiesandchargesthemtothecurrent-periodprofitsandlossesorrelevantassetcosts.
(2)Accountingtreatmentforpost-employmentbenefitsPost-employmentbenefitscanbedividedintothedefinedcontributionplanandthedefinedbenefitplan
1)IntheaccountingperiodduringwhichemployeesprovideservicesfortheCompany,theamounttobedepositedcalculatedbasedonthedefinedcontributionplanisrecognizedasliabilitiesandincludedinthecurrentprofitsandlossesorrelevantassetcosts.
2)Theaccountingtreatmentforthedefinedbenefitplangenerallyincludesthefollowingsteps:
a.AccordingtotheExpectedCumulativeBenefitUnit(ECBU)method,unbiasedandmutuallyconsistentactuarialassumptionsareusedtoestimaterelevantdemographicandfinancialvariables,quantifytheobligationsarisingfromthedefinedbenefitplan,anddeterminetheperiodtowhichtheobligationsrelate;b.Ifthereareassetsinthedefinedbenefitplan,thedeficitorsurplusformedbydeductingthepresentvalueofthedefinedbenefitplan
obligationfromthefairvalueofthedefinedbenefitplanassetsshallberecognizedasnetliabilitiesornetassetsofthedefinedbenefitplan.Forthedefinedbenefitplanwithsurplus,theCompanyshouldmeasurethenetassetsbasedonthesurplusorassetceilingofthebenefitplan(whicheverislower).TheassetceilingreferstothepresentvalueoftheeconomicinterestthatcanbeobtainedbytheCompanyfromrefundingorreducingfuturecontributionstothedefinedbenefitplan.c.Attheendoftheperiod,thecostsofemployeecompensationarisingfromthedefinedbenefitplanarerecognizedasservicecosts,netinterestonnetliabilitiesornetassetsofthedefinedbenefitplan,andchangesarisingfromremeasurementofnetliabilitiesornetassets.Theservicecostsandnetinterestonnetliabilitiesornetassetsofthedefinedbenefitplanareincludedinthecurrentprofitsandlossesorrelevantassetcosts,whilechangesarisingfromremeasurementofnetliabilitiesornetassetsareincludedinothercomprehensiveincomeandcannotbetransferredbacktoprofitsandlossesinsubsequentaccountingperiods.However,theamountrecognizedinothercomprehensiveincomecanbetransferredwithintheequitysection;d.Recognizeasettlementgainorlossduringsettlementofthedefinedbenefitplan.
(3)Accountingtreatmentforterminationbenefits
Theliabilitiesofemployees'wagesandsalariesthatarisesfromtheterminationbenefitsshallberecognizedontheearlieroneofthefollowingtwodatesandincludedinthecurrentprofitsandlosses:
1)WhentheCompanycannotunilaterallycanceltheterminationbenefitsprovidedasaresultofaplantoterminateemploymentoraproposaltodownsize;
2)WhentheCompanyrecognizesthecostorexpenserelatedtoreconstructioninvolvingthepaymentofterminationbenefits.
(4)Accountingtreatmentforotherlong-termemployeebenefits
Forotherlong-termemployeebenefitsprovidedbytheCompanytoitsemployeesthatcomplywiththedefinedcontributionplan,accountingtreatmentshallbeconductedinaccordancewiththedefinedcontributionplan.Forbenefitsotherthanthese,accountingtreatmentshallbeconductedinaccordancewiththedefinedbenefitplan.However,theportionoftherelevantemployeecompensationcoststhatrelateto"changesarisingfromremeasurementofnetliabilitiesornetassetsofthedefinedbenefitplan"shallbeincludedinthecurrentprofitsandlossesorrelatedassetcosts.
28.LeaseliabilitiesForthemethodsofrecognitionandaccountingtreatmentofleaseliabilities,pleaserefertoNoteIII.34"Lease".
29.Estimatedliabilities
(1)Recognitioncriteriaofestimatedliabilities
Whenbusinessrelatedtocontingenciessuchasexternalguarantee,pendinglitigationorarbitration,productqualityassurance,staffreduction,losscontract,restructuringobligations,fixedassetdisposalobligationsthatmeetthefollowingconditions,itshallberecognizedasliabilities:
1)TheliabilitiesarecurrentobligationsundertakenbytheCompany;
2)Thefulfillmentoftheliabilitiesmightcauseoutflowofeconomicbenefitsfromtheenterprise;
3)Theamountoftheliabilitiescanbereliablymeasured.MeasurementmethodsofestimatedliabilitiesAccruedliabilitiesshallbemeasuredonthebestestimateoftheexpendituresrequiredtofulfillcurrentobligations.Ifthereisacontinuousrangeforthenecessaryexpensesandifalltheoutcomeswithinthisrangeareequallylikelytooccur,thebestestimateshallbedeterminedbythemidpointoftherange.Inothercases,thebestestimateshallbedeterminedbythefollowingmethods:
1)Whenacontingencyisrelatedtoasingleitem,thebestestimateshallbedeterminedbasedonthemostprobableamount;
2)Whenacontingencyisrelatedtomultipleitems,thebestestimateshallbecalculatedanddeterminedbasedonallpossibleamountsandtheirprobabilitiesofoccurrence.IfallorpartoftheexpenditurerequiredtosettletheestimatedliabilitiesoftheCompanyisexpectedtobecompensatedbyathirdpartyorotherparties,theamountofcompensationshallbeseparatelyrecognizedasanassetonlywhenitisvirtuallycertainthatthecompensationwillbeobtained.Theamountrecognizedforthecompensationshallnotexceedthebookvalueoftherecognizedestimatedliabilities.
30.Share-basedpayment
(1)Accountingtreatmentofshare-basedpaymentShare-basedpaymentreferstothetransactionofgrantingequityinstrumentsorbearingliabilitiesrecognizedonthebasisofequity
instrumentforobtainingservicesfromemployeesorotherparties.Theshare-basedpaymentisclassifiedintoequity-settledshare-basedpaymentandcash-settledshare-basedpayment.
1)Equity-settledshare-basedpaymentTheequity-settledshare-basedpaymentinexchangeforservicesprovidedbyemployeesaremeasuredatthefairvalueoftheequityinstrumentsgrantedtoemployeesonthedateofgrant.Thefairvalueiscalculatedbythestraight-linemethodandincludedintherelevantcostsorexpensesbasedonthebestestimateofthenumberofvestedequityinstrumentsinthevestingperiodwhenitisvestedonlyaftertheserviceinthevestingperiodiscompletedorthespecifiedperformancetermsaremet.Whenitisvestedimmediatelyaftergrant,itisincludedinrelevantcostorexpensesisincludedonthegrantdate,andthecapitalreserveisincreasedaccordingly.Oneachbalancesheetdateduringthevestingperiod,theCompanymakesthebestestimateofsubsequentinformationsuchasthelatestchangeinthenumberofvestingemployeestocorrecttheestimatednumberofvestedequityinstruments.Theaforementionedestimatedinfluencesareincludedincurrentrelevantcostsorexpenses,andthecapitalreservesareadjustedcorrespondingly.Theequity-settledshare-basedpaymentinexchangefortheservicesofotherpartiesshallbemeasuredatthefairvalueoftheservicesofotherpartiesontheobtainingdateiftheservicesofotherpartiescanbemeasuredreliably;theequity-settledshare-basedpaymentshallbemeasuredatthefairvalueoftheequityinstrumentsontheobtainingdateoftheservicesofotherpartiesifthefairvalueoftheservicesofotherpartiescannotbemeasuredreliablywhilethefairvalueoftheequityinstrumentscanbemeasuredreliably,andbeincludedintherelevantcostsorexpenses,andtheshareholders'equityshallbeincreasedcorrespondingly.
2)Cash-settledshare-basedpaymentThecash-settledshare-basedpaymentsismeasuredatthefairvalueofliabilitiesdeterminedbasedonsharesorotherequityinstrumentsundertakenbytheCompany.Whenitisvestedimmediatelyaftergrant,itisincludedinrelevantcostsorexpensesonthegrantdate,andtheliabilitiesareincreasedcorrespondingly;ifitisvestedaftercompletingtheservicesinthevestingperiodormeetthespecifiedperformanceterms,thecurrentobtainedservicesareincludedincostsorexpensesbasedonthebestestimateofvestingandatfairvalueofliabilitiesbornebytheCompanyoneachbalancesheetdateofthevestingperiod,andtheliabilitiesareincreasedcorrespondingly.Oneachbalancesheetdateandsettlementdatebeforethesettlementoftherelevantliabilities,re-measurethefairvalueoftheliabilitieswiththechangesincludedinthecurrentprofitsandlosses.
(2)Relevantaccountingtreatmentforamendingandterminatingshare-basedpaymentplanWhentheCompanyamendstheshare-basedpaymentplan,ifthefairvalueofequityinstrumentsgrantedisincreasedduetotheamendment,theincreaseoftheservicesobtainedwillberecognizedcorrespondinglybytheincreaseofthefairvalueofequityinstruments.Theincreaseofthefairvalueofequityinstrumentsreferstothedifferencebetweenthefairvalueofequityinstrumentsbeforeandafteramendmentontheamendmentdate.Iftheamendmentreducesthetotalfairvalueoftheshare-basedpaymentoradoptsotherunfavorablemethodstotheemployees,theaccountingtreatmentoftheobtainedserviceswillbecontinuedasifthemodificationhasneveroccurred,unlesstheCompanycancelspartoralloftheequityinstrumentsgranted.Duringthevestingperiod,ifthegrantedequityinstrumentiscanceled,theCompanywillhandlethecancellationasanacceleratedvesting,theamountthatshallberecognizedduringtheremainingvestingperiodisimmediatelyincludedinthecurrentprofitsandlosseswiththecapitalreservesrecognizedatthesametime.Ifanemployeeorotherpartycanchoosetomeetthenon-vestingconditionsbutfailstomeetthemduringthevestingperiod,theCompanyshalltreatthatasacancellationofthegrantofequityinstruments.
31.Revenue
WhenthecontractbetweentheCompanyandthecustomersimultaneouslymeetsthefollowingconditions,theCompanyrecognizestherevenueatthepointwhenthecustomerobtainscontrolovertherelevantgoods:thepartiestothecontracthaveapprovedthecontractandpromisedtoperformtheirrespectiveobligations;thecontractclarifiestherightsandobligationsofthepartiestothecontractinrelationtothetransferredgoodsortheprovidedservices;thecontracthasclearpaymenttermsrelatedtothetransferredgoods;thecontracthascommercialsubstance,thatis,theperformanceofthecontractwillchangetherisk,timedistributionoramountoftheCompany'sfuturecashflow;andtheconsiderationthattheCompanyisentitledtoobtainduetoitstransferofgoodstocustomersislikelytoberecovered.Atthecommencementdateofthecontract,theCompanyidentifieseachindividualperformanceobligationinthecontract,andallocatesthetransactionpricetoeachindividualperformanceobligationinaccordancewiththerelativeproportionofthestand-alonesellingpriceofthegoodspromisedbyeachindividualperformanceobligation.Whendeterminingthetransactionprice,theCompanyconsiderstheimpactofavariableconsideration,majorfinancingcomponentsinthecontract,non-cashconsideration,considerationpayabletocustomersandotherfactors.TheCompanyrecognizesthetransactionpriceallocatedtoeachindividualperformanceobligationasrevenueatthepointwhenthe
customerobtainscontrolovertherelevantgoods.Whenjudgingwhetherthecustomerhasobtainedcontroloverthegoods,theCompanyconsidersthefollowingsigns:wheretheCompanyhasthecurrentrighttoreceivepaymentforthegoods,thatis,thecustomerhasthecurrentpaymentobligationforthegoods;wheretheCompanyhastransferredthelegalownershipofthegoodstothecustomer,thatis,thecustomerhasthelegalownershipofthegoods;wheretheCompanyhastransferredthegoodstothecustomerinkind,thatis,thecustomerhastakenpossessionofthegoodsinkind;wheretheCompanyhastransferredthemainrisksandpaymentsoftheownershipofthegoodstothecustomer,thatis,thecustomerhasobtainedthemainrisksandpaymentsoftheownershipofthegoods;wherethecustomerhasacceptedthegoods;andothersignsthatthecustomerhasobtainedcontroloverthegoods.TheCompany'smainsalesofairconditionersandrelatedproductsusuallyonlyincludetheperformanceobligationsofthetransferredgoods.
(1)Revenuefromsellinggoods
1)Fortherevenuefromdomesticsalesofproducts,theCompanymainlyadoptstheformofpaymentinadvance.TheCompanyrecognizestherevenuewhentheproductisoutboundanddeliveredtothepurchaser,andtheshippingdocumentisissuedorthecustomer'sreceiptisobtained,andtheamountofrevenuefromproductsalesisdetermined;
2)Intermsoftheexportsalesincome,theCompanyrecognizestherevenuewhentheproductsaredeclaredanddepartedaccordingtothecontract,thebillofladingisobtained,andtheamountofthesalesrevenueisdetermined.
(2)Revenuefromrenderinglaborservices
1)Fortherevenuefromwarehousingservices,theCompanywillsettletherevenueonamonthlybasisbytheworkinghoursandstandardwagesoftheservicesprovided,facilitiesusedandrelatedexpenses,andtheamountofrevenuehasbeendetermined;
2)Fortherevenuefrommaterialprocessingservices,theCompanyrecognizestherevenuewhenthematerialsareprocessedaccordingtothecontractanddeliveredtothecustomertoobtainthecustomer'ssignedreceipt,andtheamountofrevenuehasbeendetermined;
3)TheCompany'sservicechargeandcommissionincomeincludetheservicechargeincomeofacceptancebusiness,servicechargeincomeofentrustedloan,etc.Fortheservicechargeandcommissionincome,thecompletiontimeofthecontractualperformanceobligationsisdeterminedaccordingtothebusinesssettlementsheetformulatedthroughsettlementwiththecustomerwhenthebusinessiscompleted,andthespecificamountofrevenueisrecognizedaccordingtothetermsandratiosstipulatedinthebusinesscontractoragreement.
(3)IncomefromthetransferoftherighttouseassetsIncomefromthetransferoftherighttouseassetsincludestheinterestincome,rentalincome,etc.TheCompanyrecognizestheincomefromthetransferoftherighttouseassetswhentheincomeamountcanbereliablymeasuredandtherelevanteconomicbenefitsarelikelytoflowintotheenterprise.
1)TheinterestincomeoftheCompanymainlyincludestheinterestincomefromdepositsinfinancialenterprisesandloaninterestincome.Interestincomefromdepositsinfinancialenterprisesisrecognizedonaregularbasisbasedonthetimeofdepositandtheeffectiveinterestrate.LoaninterestreferstotheincomerecognizedbytheCompanyforgrantingself-operatedloansandaccruinginterestonaregularbasis.Theloaninterestincomeisrecognizedaccordingtotheeffectiveinterestratemethod.Theeffectiveinterestratemethodreferstothemethodofcalculatingtheamortizedcostandinterestincomeorinterestexpenseforeachperiodbasedontheeffectiveinterestratefinancialassetsorfinancialliabilities.Theeffectiveinterestratereferstotheinterestrateusedtodiscountthefuturecashflowsofafinancialassetorfinancialliabilitywithintheexpectedperiodofexistenceorapplicableshorterperiodintothecurrentbookvalueofthefinancialassetorfinancialliability.Whendeterminingtheeffectiveinterestrate,theCompanyestimatesfuturecashflowbasedonallcontractualtermsoffinancialassetsorfinancialliabilities,butdoesnotconsiderthelossoffuturecredits.Allthecharges,transactionfees,premiumsordiscountspaidorcollectedbytheCompanyaspartoftheeffectiveinterestrateshallbeconsideredwhendeterminingtheeffectiveinterestrate.
2)TherecognitionconditionsforrentalincomeoftheCompanyareasfollows:
a.Aleasecontract,agreementorothersettlementnoticesrecognizedbytheLesseeareavailable;b.Theobligationsstipulatedinthecontractarefulfilled;theleaseinvoiceisissued,andthepricehasbeenobtainedorwillbeobtainedforsure;c.Therentalcostcanbemeasuredreliably.
32.Governmentgrants
GovernmentgrantsrefertotheCompany'sfreeacquisitionofmonetaryandnon-monetaryfromthegovernment,excludingcapitalinvestedbythegovernmentastheowner.Governmentgrantsconsistofassetrelatedgovernmentgrantsandincomerelatedgovernment
grants.GovernmentgrantsobtainedbytheCompanyforpurchase,construction,orformingthelong-termassetsbyotherwaysaredefinedasassetrelatedgovernmentgrants,andalltheothergovernmentgrantsaredefinedasincomerelatedgovernmentgrants.Ifthegovernmentdocumentdoesnotspecifythegrantobject,thefollowingmodeisadoptedtoclassifythesubsidiesintoincomerelatedgovernmentgrantsandassetrelatedgovernmentgrants:
(1)Ifthegovernmentdocumentspecifiestheitemtowhichthegrantaims,theallocationshouldbebasedontherelativeproportionoftheexpenditureamounttoformassetsandtheexpenditureamountincludedinexpensesinthebudgetofthisspecificitem,andthisallocationproportionneedstobereviewedoneverybalancesheetdateandchangedwhennecessary;
(2)Ifthegovernmentdocumentprovidesonlyageneralpresentationofthepurposewithoutspecifyingthespecificitem,thegrantsshallberegardedasincomerelatedgovernmentgrants.Theassetrelatedgovernmentgrantsarerecognizedasdeferredincomeuponacquisition,andareincludedintheprofitsandlossesinreasonableandsystematicinstallmentsovertheusefullifeoftheassetwhentherelevantassetreachesitsintendedusablestate.Wheretherelevantassetsaresold,transferred,scrappedordamagedbeforetheendoftheirusefullives,theundistributeddeferredincomebalanceistransferredtothecurrentprofitsandlossesoftheassetdisposal.Intermsofincomerelatedgovernmentgrants,thoseareusedforcompensatingtherelatedexpensesorlossesinthelaterperiod,arerecognizedasdeferredincomeuponacquisitionandincludedinthecurrentprofitsandlossesduringtheperiodwhentherelevantcostsorlossesarerecognized;thoseareusedforcompensatingtherelatedcostexpensesorlossesincurred,areincludedinthecurrentprofitsandlossesdirectlyuponacquisition.Governmentgrantsrelatedtodailyactivitiesareincludedinotherincome;governmentgrantsnotrelatedtodailyactivitiesareincludedinnon-operatingrevenueandexpenses.
(3)Ifpolicypreferentialloansareobtainedwithinterestdiscounts,accountingtreatmentshouldbecarriedoutbydistinguishingbetweenthefollowingtwowaysofobtainingthem:
a.Wherethefinancialdepartmentdisbursesthediscountinterestfundtothelendingbank,thelendingbankprovidesaloantotheCompanyatapolicypreferentialinterestrate,thefairvalueoftheloanisusedastheentryvalueoftheloan,theborrowingcostiscalculatedaccordingtotheeffectiveinterestratemethod,andthedifferencebetweentheactualamountreceivedandthefairvalueoftheloanisrecognizedasdeferredincome.Thedeferredincomeisamortizedusingtheeffectiveinterestratemethodduringthedurationoftheloantooffsettherelevantborrowingcost;b.WherethefinancialdepartmentdisbursesthediscountinterestfundtotheCompanydirectly,thecorrespondingdiscountisusedtooffsettherelevantborrowingcosts.
(4)Governmentgrantsthataremonetaryassetsaremeasuredattheamountreceivedorreceivable.Governmentgrantsthatarenon-monetaryassetsaremeasuredatthefairvalue;ifthefairvaluecannotbereliablyacquired,theyaremeasuredatthenominalamount.TheCompanyusuallyrecognizesandmeasuresgovernmentgrantsbasedontheactualamountreceiveduponreceipt.However,fundsthathaveconclusiveevidenceattheendoftheperiod,indicatingthattheymeettherelevantconditionsstipulatedinthefinancialsupportpolicyandareexpectedtoreceivefinancialsupport,aremeasuredattheamountreceivable.Governmentgrantsmeasuredattheamountreceivableshallsimultaneouslycomplywiththefollowingconditions:
1)Theamountofreceivablegrantshasbeenconfirmedbytheauthoritativegovernmentdepartmentbyissuingadocument,orcanbeindependentlyandreasonablycalculatedinaccordancewiththerelevantprovisionsoftheofficiallyissuedfinancialfundmanagementmeasures,anditispredictedthatitsamountisnotsubjecttosignificantuncertainty;
2)ThebasisisthefinanciallysupportedprojectsandtheirfinancialfundmanagementmeasuresthatareofficiallyreleasedbythelocalfinancedepartmentandactivelydisclosedinaccordancewiththeprovisionsoftheRegulationofthePeople'sRepublicofChinaonDisclosureofGovernmentInformation,aswellasitsfinancialfundmanagementmeasures,andthemanagementmeasuresshouldbeinclusive(anyenterprisemeetingthedefinedconditionscanapplyforthegrants),ratherthanspeciallyformulatedforspecificenterprises;
3)OtherconditionsthatshallbemetaccordingtospecificconditionsoftheCompanyandthismatterofgrants.
33.Deferredincometaxassets/deferredincometaxliabilities
Thedeferredincometaxassetsanddeferredincometaxliabilitiesarecalculatedandrecognizedbasedonthedifferencebetweenthetaxbaseoftheassetsandliabilitiesandtheirbookvalues(temporarydifference).Fordeductiblelossesthatcanbedeductedfromtaxableincomeinsubsequentyearsinaccordancewiththeprovisionsofthetaxlaw,thecorrespondingdeferredincometaxassetsarerecognized.Fortemporarydifferencesarisingfromtheinitialrecognitionofgoodwill,thecorrespondingdeferredincometaxliabilitiesarenot
recognized.Fortemporarydifferencesarisingfromtheinitialrecognitionofassetsorliabilitiesarisingfromnon-businesscombinationtransactionsthatneitheraffectaccountingprofitsnortaxableincome(ordeductiblelosses),thecorrespondingdeferredincometaxassetsanddeferredincometaxliabilitiesarenotrecognized.Atthebalancesheetdate,thedeferredincometaxassetsanddeferredincometaxliabilitiesaremeasuredatthetaxrateapplicabletotheperiodduringwhichtheassetsareexpectedtoberecovered,ortheliabilitiesareexpectedtobesettled.TheCompanyrecognizesthedeferredincometaxassetstotheextentoftheamountofthetaxableincomewhichitismostlikelytoacquireandwhichcanbedeductedfromthedeductibletemporarydifferences,deductiblelossesandtaxdeductions.Deferredincometaxliabilitiesarerecognizedforalltaxabletemporarydifferencesarisingfromtheinvestmentsinsubsidiaries,jointventuresandassociates,excepttotheextentthatbothofthefollowingconditionsaremet:theCompanyisabletocontrolthetimingofthetransferringbackofthetemporarydifferences;anditislikelythatthetemporarydifferencewillnotreverseintheforeseeablefuture.Deferredincometaxassetsarerecognizedforalldeductibletemporarydifferencesassociatedwithinvestmentsinsubsidiaries,jointventuresandassociatesifallthefollowingconditionsaremet:itislikelythatthedeductibletemporarydifferencewillbetransferredbackintheforeseeablefuture,anditislikelythattaxableprofitinthefuturewillbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized.Thedeferredincometaxassetsandthedeferredincometaxliabilitiesthatmeetthefollowingconditionsarepresentedatthenetamountafteroffsetting:
a.ThedeferredincometaxassetsanddeferredincometaxliabilitiesrelatetotheincometaxesleviedbythesametaxationauthorityonthesametaxpayeroftheCompany;andb.ThetaxpayeroftheCompanyhasalegalrighttosettlecurrentincometaxassetsandcurrentincometaxliabilitiesonanetbasis.
34.Lease
LeasereferstoacontractinwhichtheCompanytransferredoracquiredtherighttocontroltheuseofoneormoreidentifiedassetsforacertainperiodoftimeinexchangefororpaymentofconsideration.Onthecontractcommencementdate,theCompanyevaluateswhetherthecontractisaleaseorincludesalease.
(1)WiththeCompanyastheLessee
1)InitialmeasurementOnthecommencementdateoftheleaseterm,theCompanywillrecognizetherighttousetheleasedassetsduringtheleasetermastheright-of-useasset,andrecognizesthecurrentvalueoftheunpaidleasepaymentamountasaleaseliability,exceptforshort-termleasesandlow-valueassetleases.Whencalculatingthecurrentvalueoftheleasepaymentamount,theCompanyusestheimpliedinterestrateinleaseasadiscountrate.Iftheimpliedinterestrateinleasecannotbedetermined,theLesseeincrementalborrowinginterestrateisusedasthediscountrate.Right-to-useassetsshouldbeinitiallymeasuredatcost.Thecostincludes:
a.Theinitiallymeasuredamountoftheleaseliabilities;b.Theleasepaymentsmadeonorbeforethecommencementdateoftheleaseterm,ifthereisaleaseincentive,deducttheamountrelatedtotheleaseincentivethathasbeenenjoyed;c.TheinitialdirectexpensesincurredbytheLessee;d.TheestimatedcostthattheLesseewillincurfordismantlingandremovingtheleasedassets,restoringthesitewheretheleasedassetsarelocated,orrestoringtheleasedassetstothestateagreedintheleaseterms.
2)SubsequentmeasurementTheCompanycalculatesanddistillsdepreciationoftheright-to-useassetbyreferringtofixedassetdepreciationpolicies(seeNoteIII.19"Fixedassets"),ifitcanbereasonablydeterminedthattheownershipoftheleasedassetswillbeobtainedupontheexpirationoftheleaseterm,theCompanywillcalculateanddistilldepreciationwithintheremainingusefullifeoftheleasedassets.Whereitisimpossibletoreasonablydetermineiftheownershipoftheleasedassetscanbeacquiredupontheexpirationoftheleaseterm,theCompanywillmakedepreciationwithinashorterperiodbetweentheleasetermandtheremainingusefullifeoftheleasedassets.Forleaseliabilities,theCompanycalculatesitsinterestexpensesforeachperiodoftheleasetermatafixedperiodicinterestrate,andincludestheminthecurrentprofitsandlossesorinthecostofrelatedassets.Thevariableleasepaymentamountthatisnotincludedinthemeasurementofleaseliabilitiesisincludedinthecurrentprofitsandlossesorcostofrelatedassetswhenactuallyincurred.Aftertheleasetermstarts,incaseofchangesinthesubstantialfixedpaymentamount,theestimatedamountpayableoftheguaranteeresidualvalue,theindexorratiousedfordeterminingtheleasepaymentamount,achangeintheevaluationresultsoractualvestingof
thepurchaseoption,renewaloptionorterminationoption,theCompanyre-measurestheleaseliabilitybasedonthecurrentvalueofthechangedleasepaymentamount,andadjuststhebookvalueoftheright-of-useassetsaccordingly.Ifthebookvalueoftheright-of-useassetshasbeenreducedtozero,buttheleaseliabilitiesstillneedtobefurtherreduced,theCompanywillincludetheremainingamountinthecurrentprofitsandlosses.
3)Short-termleasesandlowvalueassetleasesForshort-termleases(withaleasetermofnomorethan12monthsfromthebeginningofthelease)andlow-valueassetleases,theCompanyadoptsasimplifiedtreatmentmethodtoincludetheleasepaymentamountintothecostofrelevantassetcostsorthecurrentprofitsandlossesduringtheleasetermbythestraight-linemethodorothersystematicandreasonablemethodsinsteadofrecognizingtheright-of-useassetsandleaseliabilities.
(2)WiththeCompanyastheLessorOnthecommencementdateofthelease,theCompanydividestheleaseintofinancialleaseandoperatingleasebasedontheessenceofthetransaction.Financialleasereferstotheleasethattransferssubstantiallyalmostallrisksandrewardsassociatedwiththeownershipoftheassets.Operatingleasereferstotheleasesotherthanthefinanciallease.
1)OperatingleasesTheCompanyadoptsthestraight-linemethodtorecognizetheleasepaymentamountoftheoperatingleaseastherentalincomeduringtheleaseterm.Variableleasepaymentsinconnectionwiththeoperatingleasethatarenotincludedinleasepaymentareincludedinthecurrentprofitsandlosseswhenactuallyincurred.
2)FinancialleaseOnthebeginningdateoftheleaseterm,theCompanyrecognizesthefinancialleasereceivablesandderecognizesthefinancialleaseassets.Thefinancialleasereceivablesareinitiallymeasuredbythenetleaseinvestment(thesumoftheunguaranteedresidualvalueandthepresentvalueoftheleasepaymentsthathavenotbeenreceivedonthebeginningdateoftheleasetermdiscountedattheimpliedinterestrateofthelease),andinterestincomeduringtheleasetermiscalculatedandrecognizedatafixedperiodicinterestrate.ThevariableleasepaymentsobtainedbytheCompanythatarenotincludedinthemeasurementofnetleaseinvestmentareincludedinthecurrentprofitsandlosseswhenactuallyincurred.
35.Discontinuedoperation
Discontinuedoperationreferstoaconstituentpartthatmeetsoneofthefollowingconditionsandcanbedistinguishedseparately,andhasbeendisposedoforclassifiedasheldforsale:
(1)Thisconstituentpartrepresentsanindependentmainbusinessoraseparatemainbusinessarea;
(2)Thisconstituentpartispartofanassociatedplanfordisposingofanindependentmainbusinessoraseparatemainbusinessarea;
(3)Thisconstituentpartisasubsidiaryspeciallyacquiredforresale.TheCompanypresentstheprofitsandlossesfromcontinuingoperationsandtheprofitsandlossesfromdiscontinuedoperationsintheConsolidatedIncomeStatementandtheIncomeStatementrespectively.Forthenon-currentassetordisposalgroupheldforsalethatdoesnotcomplywiththedefinitionofdiscontinuedoperation,itsimpairmentlossandamounttransferredbackandprofitsandlossesfromdisposalshallbepresentedasprofitsandlossesfromcontinuingoperations.Theimpairmentlossesandamounttransferredbackofdiscontinuedoperationsandotheroperatingprofitsandlossesaswellasprofitsandlossesfromdisposalarepresentedasprofitsandlossesfromdiscontinuedoperations.Forthediscontinuedoperationspresentedinthecurrentperiod,theinformationpreviouslypresentedasprofitsandlossesfromcontinuingoperationsisre-presentedasprofitsandlossesfromdiscontinuedoperationsforcomparableaccountingperiodinthecurrentfinancialstatements.Wherethedisposalgroupthatisintendedtobediscontinuedratherthansoldmeetstheconditionsfortherelevantconstituentpartinthedefinitionofdiscontinuedoperations,itispresentedasdiscontinuedoperationfromthedateofdiscontinuationofuse.Wherethecontroloverasubsidiaryislostduetoreasonssuchassellingtheinvestmentinthesubsidiaryandthissubsidiarycomplieswiththedefinitionofdiscontinuedoperations,therelevantprofitsandlossesfromdiscontinuedoperationsarepresentedintheConsolidatedIncomeStatement.
36.Segmentreport
TheCompanydeterminestheoperatingsegmentsbasedontheinternalorganizationalstructure,managementrequirementsandinternalreportingsystems,determinesthereportsegmentsbasedontheoperatingsegments,anddisclosessegmentinformation.OperatingsegmentsrefertotheconstituentpartintheCompanythatmeetsthefollowingconditionsatthesametime:
(1)Thisconstituentpartcangeneraterevenueandexpensesindailyactivities;
(2)ThemanagementoftheCompanycanregularlyevaluatetheoperatingresultsoftheconstituentparttodeterminetheallocationofresourcesandevaluateitsperformance;
(3)TheCompanycanobtaintherelevantaccountinginformationofthisconstituentpartsuchasitsfinancialstatus,operatingresultsandcashflows.Iftwoormoreoperatingsegmentshavesimilareconomiccharacteristicsandmeetcertainconditions,theycanbemergedintooneoperatingsegment.
37.Sharerepurchase
IftheCompany'ssharesareacquiredduetoregisteredcapitalreductionoremployeerewards,theamountactuallypaidshallbetreatedastreasuryshares,andshallberegisteredatthesametimeforfuturereference.Iftherepurchasedsharesarecancelled,thedifferencebetweenthetotalfacevalueofthecancelledsharesandtheamountactuallypaidfortherepurchaseshallbeoffsetagainstcapitalreserve.Ifthecapitalreserveisinsufficient,theoffsetshallbemadeagainstretainedearnings.IftherepurchasedsharesarerewardedtoemployeesoftheCompanyasequitysettledshare-basedpayments,refertoNoteIII.30"Share-basedPayment"forcorrespondingaccountingtreatment.
38.HedgingToavoidcertainrisks,theCompanyhedgescertainfinancialinstrumentsashedginginstruments.HedgethatmeetstheprescribedconditionswillbehandledbytheCompanyusinghedgeaccountingmethods.TheCompany'shedgingincludesfairvaluehedging,cashflowhedgingandhedgingofnetinvestmentinoverseasoperations.Atthebeginningofthehedging,theCompanyofficiallydesignatesthehedgingtoolandthehedgeditem,andprepareswrittendocumentsonthehedgingrelationshipandtheriskmanagementstrategyandriskmanagementobjectivesoftheCompanyengagedinhedging.Inaddition,theCompanywillcontinuetoassesstheeffectivenessofthehedgingwhenandafterthehedgingbegins.
(1)FairvaluehedgingForeligiblehedginginstrumentsdesignatedasfairvaluehedging,thegainsorlossesgeneratedtherebyareincludedinthecurrentprofitsandlosses.Ifahedginginstrumentisusedtohedgenon-tradingequityinstrumentinvestment(oritscomponent)thatisselectedtobemeasuredatfairvaluewithchangesincludedinothercomprehensiveincome,thegainsandlossesgeneratedbythehedginginstrumentareincludedinothercomprehensiveincome.Gainsorlossesofahedgeditemarisingfromthehedgedriskexposureisincludedinthecurrentprofitsandlosses,whilethebookvalueofthehedgeditemisadjusted.Ifahedgeditemismeasuredatfairvalue,thegainsorlossesincurredbythehedgeditemduetothehedgedriskexposureareincludedinthecurrentprofitsandlossesorothercomprehensiveincome,andthereisnoneedtoadjustthebookvalueofthehedgeditem.WhentheCompanyrevokesthedesignationofthehedgingrelationship,thehedginginstrumenthasexpiredorbeensold,thecontractisterminatedorexercised,ortheconditionsfortheuseofhedgeaccountingisnolongermet,terminatetheuseofhedgeaccounting.
(2)CashflowhedgingForeligiblehedginginstrumentsdesignatedascashflowhedging,theportionofthegainsorlossesgeneratedtherebythatisdeterminedtobeaneffectivehedgeisincludedinothercomprehensiveincome,whiletheportionthatisdeterminedtobeanineffectivehedgeisincludedinthecurrentprofitsandlosses.IftheexpectedtransactioncausestheCompanytosubsequentlyrecognizeanon-financialassetornon-financialliability,oriftheexpectedtransactionofthenon-financialassetornon-financialliabilityformsafirmcommitmentapplicabletofairvaluehedgeaccounting,theCompanywilltransferouttheamountofcashflowhedgereserveoriginallyrecognizedinothercomprehensiveincomeandincludeitintheinitialrecognitionamountoftheassetorliability.Forothercashflowhedging,theCompanywill,duringthesameperiodwhentheexpectedcashflowbeinghedgedaffectsprofitsorlosses,transferouttheamountofcashflowhedgereserveoriginallyrecognizedinothercomprehensiveincomeandincludesitinthecurrentprofitsandlosses.Ifitisexpectedthatallorpartofthenetlossesoriginallyincludedinothercomprehensiveincomecannotbecompensatedinthefutureaccountingperiod,transfertheportionwhichcannotbecompensatedoutandincludeitinthecurrentprofitsandlosses.WhentheCompanyterminatestheuseofhedgeaccountingforcashflowhedging,theaccumulatedcashflowhedgereservesthathavebeenincludedinothercomprehensiveincomeareretainedwhenfuturecashflowsareexpectedtocontinuetooccur,andaretransferredoutofothercomprehensiveincomeandincludedinthecurrentprofitsandlosseswhenfuturecashflowsareexpectedtonolongeroccur.
(3)HedgingofnetinvestmentinoverseasoperationsHedgingofnetinvestmentinoverseasoperationsisaccountedforusingamethodsimilartothecashflowhedging.Amongthegainsorlossesofhedginginstruments,theportionthatisdeterminedtobeaneffectivehedgingisincludedinothercomprehensiveincome,whiletheportionthatisdeterminedtobeanineffectivehedgingisincludedinthecurrentprofitsandlosses.
Gainsandlossesthathavebeenincludedinothercomprehensiveincomearetransferredoutofothercomprehensiveincomeandincludedinthecurrentprofitsandlosseswhendisposingofoverseasoperations.
39.Safeproductionexpenses
SomesubsidiariesoftheCompanywithdrawsafeproductionexpensesinaccordancewithnationalregulationsandincludetheminthecostsofrelatedproductsorcurrentprofitsandlosses.Wheretheexpensesforproductionsafetyextractedareofacostnature,thespecialreservesshallbedirectlywrittenoff.Iftheexpensesforsafeproductionextractedareusedtoformfixedassets,theexpensesincurredbytheaccountcollectionof"constructioninprogress"shallberecognizedasfixedassetswhenthesafetyprojectiscompletedandreachestheexpectedserviceablestate;atthesametime,writeoffspecialreservesbasedonthecostofformingfixedassetsandrecognizeaccumulateddepreciationofthesameamount.Thefixedassetwillnolongerbedepreciatedinthefuture.
40.Riskreserve
InaccordancewithregulationssuchastheAdministrativeMeasuresfortheReserveAccrualofFinancialEnterprises("AccrualMeasures")(CJ[2012]No.20)issuedbytheMinistryofFinance,thesubsidiariesoftheCompanyinfinancialindustry,haveestablishedageneralriskreserveonthebasisofwithdrawingassetimpairmentprovisionofassetstocompensateforpotentiallossesrelatedtoriskassetsthathavenotyetbeenidentified.Thisgeneralriskreserveistreatedasaprofitdistributionandisanintegralpartoftheowner'sequity,whichinprincipleshouldbenolessthan1.5%oftheendingbalanceofriskassets.Accordingtotherequirementsoftheaccrualmeasures,iftheproportionofthegeneralreservebalanceoffinancialenterprisestotheendingbalanceofriskassetsisdifficulttoreach
1.5%atonetime,itcanbepaidininstallments,andinprinciple,itshouldnotexceed5years.
41.Changesinmajoraccountingpoliciesandaccountingestimate
(1)ChangesinmajoraccountingpoliciesOnDecember31,2021,theMinistryofFinanceissuedtheAccountingStandardsforEnterprisesInterpretationNo.15(hereinafterreferredtoas"InterpretationNo.15").AccordingtoInterpretationNo.15:
a.IftheCompanysellsproductsorby-productsproducedbeforethefixedassetsreachtheirintendedusablestateorduringtheR&Dprocess,therevenueandcostsrelatedtotrialoperationsalesareaccountedforseparatelyinaccordancewiththeAccountingStandardsforEnterprisesNo.14?RevenuesandAccountingStandardsforEnterprisesNo.1?Inventoriesandincludedinthecurrentprofitsandlosses,insteadofoffsettingthenetamountafteroffsettingrelatedcostsfromtrialsalesrevenueagainstfixedassetscostorR&Dexpenditure,anditwillbeimplementedonJanuary1,2022.Thechangeinaccountingpolicydidnothaveasignificantimpactonthefinancialindicatorsincludingtotalassets,totalliabilities,netassetsandnetprofitsoftheCompany.b.The"costofperformingthecontract"consideredbytheCompanywhendeterminingwhetherthecontractisanonerouscontractincludesnotonlytheincrementalcost(directlabor,directmaterials,etc.)ofperformingthecontract,butalsotheallocationamount(depreciationexpenseallocationamountforfixedassetsusedtofulfillthecontract)ofothercostsdirectlyrelatedtoperformingthecontract,whichwillbeimplementedfromJanuary1,2022.AccordingtotheprovisionsofInterpretationNo.15,forcontractsthathavenotyetfulfilledallobligationsonthefirstimplementationdateofJanuary1,2022,thecumulativeimpactisadjustedtotheretainedearningsandotherrelatedfinancialstatementitemsatthebeginningof2022,andthecomparativefinancialstatementdatain2021isnotadjusted.Thechangeinaccountingpolicydidnothaveasignificantimpactonthefinancialindicatorsincludingtotalassets,totalliabilities,netassetsandnetprofitsoftheCompany.
(2)Changesinmajoraccountingestimates
None.
IVTaxes
1.Maintaxcategoriesandtaxrates
| Category | TaxBasis | TaxRate |
| Value-addedtax | Valueaddedfromsalesofgoodsorprovisionoflaborservices | 13.00%,9.00%,6.00%,etc. |
| Urbanmaintenance&constructiontax | Turnovertaxpayable | 7.00%、5.00% |
| Educationsurcharge | Turnovertaxpayable | 3.00% |
| Category | TaxBasis | TaxRate |
| Localeducationsurcharge | Turnovertaxpayable | 2.00% |
| Businessincometax | Taxableincome | 34.00%,25.00%,20.00%,16.50%,15.00%,etc. |
[Note1]TheCompany'ssubsidiariesincludingGreeHongKongElectricAppliancesSalesCo.,Ltd.,YinlongElectricVehicle(HongKong)GroupCo.,Ltd.,andEnergyStorageTechnology(China)GroupCo.,Ltd.,operateinHongKongSpecialAdministrativeRegion,wheretheprofittaxrateis16.50%.[Note2]TheCompany'ssubsidiariesGree(Brazil)ElectricAppliancesCo.,Ltd.andBrazilUnitedElectricAppliancesIndustryandCommerceCo.,Ltd.operateisBrazil,withafederalbusinessincometaxrateof34.00%inBrazil.[Note3]TheCompany'ssubsidiariesDunAnPrecisionMachinery(USA)GroupCo.,Ltd.,DunAnMicrostaq,Inc.,DunAnSensingandAltairnano,Inc.,operateintheUnitedStates,andaresubjecttopayingfederaltaxesandstatetaxes.Thefederaltaxrateis21.00%whilethestatetaxratesforDunAnPrecisionandDunAnMicrostaq,are0.50%?1.00%ofgrossprofitonsales,andthestatetaxrateforDunAnSensingis8.84%.[Note4]TheCompany'ssubsidiary,DunAnMetals(Thailand)Co.,Ltd.,operatesinThailand.Accordingtothetaxincentivesgrantedbythelocalgovernment,DunAnThailand'sprofitsgeneratedfromthesalesofself-producedproductsareexemptfrombusinessincometaxforaperiodof8yearsstartingfromthedayofprofitability(November14,2008),providedthatthetotalamountofprofitsgenerateddoesnotexceed100%oftheinvestmentamount(excludinglandfeesandworkingcapital).Within5yearsfromtheexpirationoftheaforementionedtaxexemptionperiod,a50%taxreductionoftheincometaxwillbegranted.In2022,theeffectivebusinessincometaxrateforDunAnThailandis20.00%.[Note5]Thesubsidiaryofourcompany,JapanDunAnInternationalCo.,Ltd.,islocatedinJapan,wherethebusinessincometaxrateis
23.20%.[Note6]TheCompany'ssubsidiary,DunAnKoreaCo.,Ltd.operatesinSouthKorea,wherethebusinessincometaxrateis10.00%.[Note7]TheCompany'ssubsidiary,DunAnInternational(Europe)GmbHoperatesinFrankfurt,Germany,wheretheCompany'sincometaxrateis15.00%.
2.Taxpreferences
(1)TheCompanywasidentifiedasahigh-techenterprisein2020,andhasbeenenjoyingpreferentialpoliciesforhigh-techenterprises(High-techEnterpriseCertificateNo.GR202044007307).TheCompanyappliedtheincometaxrateof15.00%,whichisvalidfor3years.
(2)Deemedtobehigh-techenterprises,thefollowingsubsidiariesoftheCompanyappliedthebusinessincometaxrateof15.00%in2022
| No. | NameofTaxpayer | High-techEnterpriseCertificateNo. | DateofObtainingtheHigh-techEnterpriseCertificate | ValidPeriod |
| 1 | ZhuhaiLandaCompressorCo.,Ltd. | GR202044007788 | December2020 | 3years |
| 2 | ZhuhaiGreeXinyuanElectronicsCo.,Ltd. | GR202244010903 | December2022 | 3years |
| 3 | ZhuhaiKaibangMotorManufacturingCo.,Ltd. | GR202144007599 | September2021 | 3years |
| 4 | ZhuhaiGreeDaikinPrecisionMoldCo.,Ltd. | GR202244010633 | December2022 | 3years |
| 5 | Gree(Hefei)ElectricAppliancesCo.,Ltd. | GR202034000570 | August2020 | 3years |
| 6 | ZhuhaiGreeGreenRefrigerationTechnologyResearchCenterCo.,Ltd. | GR202044006403 | December2020 | 3years |
| 7 | Gree(Wuhan)ElectricAppliancesCo.,Ltd. | GR202242006898 | November2022 | 3years |
| 8 | Gree(Zhengzhou)ElectricAppliancesCo.,Ltd. | GR202041001002 | September2020 | 3years |
| No. | NameofTaxpayer | High-techEnterpriseCertificateNo. | DateofObtainingtheHigh-techEnterpriseCertificate | ValidPeriod |
| 9 | Gree(Wuhu)ElectricAppliancesCo.,Ltd. | GR202034002197 | August2020 | 3years |
| 10 | Gree(Shijiazhuang)ElectricAppliancesCo.,Ltd. | GR202213000331 | October2022 | 3years |
| 11 | ZhuhaiEWPEInformationTechnologyInc. | GR202244010117 | December2022 | 3years |
| 12 | GreeChangshaHVACEquipmentCo.,Ltd. | GR202043000055 | September2020 | 3years |
| 13 | ZhuhaiGreePrecisionMoldCo.,Ltd. | GR202044007901 | December2020 | 3years |
| 14 | Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | GR202044011848 | December2020 | 3years |
| 15 | HefeiKinghomeElectricalCo.,Ltd. | GR202134001678 | September2021 | 3years |
| 16 | ZhuhaiEdgelessIntegratedCircuitCo.,Ltd. | GR202144007551 | September2021 | 3years |
| 17 | Gree(Shijiazhuang)SmallHomeAppliancesCo.,Ltd. | GR202213000723 | October2022 | 3years |
| 18 | ZhuhaiGreeDakinDeviceCo.,Ltd. | GR202144007849 | September2021 | 3years |
| 19 | ZhuhaiGreeMechanicalandElectricalEngineeringCo.,Ltd. | GR202044011411 | December2020 | 3years |
| 20 | GreeTOSOT(Suqian)HomeAppliancesCo.,Ltd. | GR202032012986 | December2020 | 3years |
| 21 | Gree(Hangzhou)ElectricAppliancesCo.,Ltd. | GR202033001006 | December2020 | 3years |
| 22 | HefeiLandaCompressorCo.,Ltd. | GR202034001654 | August2020 | 3years |
| 23 | ZhengzhouLandaCompressorCo.,Ltd. | GR202041001848 | December2020 | 3years |
| 24 | WuhanLandaCompressorCo.,Ltd. | GR202042001716 | December2020 | 3years |
| 25 | HefeiKaibangMotorCo.,Ltd. | GR202034002198 | August2020 | 3years |
| 26 | HenanKaibangMotorCo.,Ltd. | GR202041000105 | September2020 | 3years |
| 27 | Gree(Maanshan)ElectricEnterprisesLtd. | GR202034001625 | August2020 | 3years |
| 28 | GreeAltairnanoNewEnergyInc. | GR202144004177 | September2021 | 3years |
| 29 | ZhuhaiGuangtongAutomobileCo.,Ltd. | GR202044009236 | December2020 | 3years |
| 30 | ZhuhaiGreeAltairnanoElectricApplianceCo.,Ltd. | GR202144006478 | September2021 | 3years |
| 31 | HebeiGreeTitaniumNewEnergyCo.,Ltd. | GR202213004750 | December2022 | 3years |
| 32 | NorthernAotaiNanotechnologiesCo.,Ltd. | GR202113001126 | September2021 | 3years |
| 33 | HangzhouSafetyEquipmentCo.,Ltd. | GR202033003385 | December2020 | 3years |
| 34 | TianjinHuaxinMachineryCo.,Ltd. | GR202212000479 | November2022 | 3years |
| 35 | ZhejiangDunAnHetianMetalsCo.,Ltd. | GR202133006933 | September2021 | 3years |
| 36 | ChongqingHuachaoMetalCo.,Ltd. | GR202151100597 | November2021 | 3years |
| 37 | ZhejiangDunAnMachineryCo.,Ltd. | GR202133002758 | September2021 | 3years |
| 38 | DunAn(Wuhu)ZhongyuanAutomaticControlCo.,Ltd. | GR202134000039 | September2021 | 3years |
| 39 | ZhejiangDunAnElectro-MechanicalTechnologyCo.,Ltd. | GR202133001775 | September2021 | 3years |
| 40 | SuzhouHuayueMetalCo.,Ltd. | GR202032010953 | December2020 | 3years |
| 41 | ZhejiangDunAnThermalTechnologyCo.,Ltd. | GR202033007051 | December2020 | 3years |
| 42 | ZhuhaiDunAnThermalTechnologyCo.,Ltd. | GR202144001846 | September2021 | 3years |
| 43 | ZhuhaiHuayuMetalCo.,Ltd. | GR202144002525 | September2021 | 3years |
| No. | NameofTaxpayer | High-techEnterpriseCertificateNo. | DateofObtainingtheHigh-techEnterpriseCertificate | ValidPeriod |
| 44 | Gree(Luoyang)ElectricAppliancesCo.,Ltd. | GR202241002986 | December2022 | 3years |
| 45 | GreeWuhuPrecisionManufacturingCo.,Ltd. | GR202234003673 | October2022 | 3years |
| 46 | ZhuhaiGreeNewMaterialCo.,Ltd. | GR202244008332 | December2022 | 3years |
| 47 | ZhuhaiGreeIntelligentEquipmentTechnologyInstituteCo.,Ltd. | GR202044006741 | December2020 | 3years |
| 48 | Gree(Nanjing)ElectricAppliancesCo.,Ltd. | GR202232008326 | November2022 | 3years |
| 49 | ZhuhaiGreeGreenResourcesRecyclingCo.,Ltd. | GR202244004245 | December2022 | 3years |
(3)ThefollowingsubsidiariesoftheCompanyenjoyedthecountry'swesterndevelopmentpolicy,andappliedthe
incometaxrateof15.00%.
| No. | NameofTaxpayer | Starttime |
| 1 | Gree(Chongqing)ElectricAppliancesCo.,Ltd. | 2008/1/1 |
| 2 | ChongqingLandaCompressorCo.,Ltd. | 2015/1/1 |
| 3 | ChongqingKaibangMotorCo.,Ltd. | 2013/1/1 |
| 4 | ChengduGreeXinhuiMedicalEquipmentCo.,Ltd. | 2020/4/8 |
| 5 | GreeElectricAppliances(Chengdu)Co.,Ltd. | 2022/1/1 |
| 6 | ChengduGuangtongAutomobileCo.,Ltd. | 2017/6/13 |
(4)ThefollowingsubsidiariesoftheCompanyareentitledtoenjoythepreferentialpolicyofbusinessincometaxintheGuangdong-MacaoIn-DepthCooperationZoneinHengqin,withanincometaxrateof15.00%.
| No. | NameofTaxpayer | Starttime |
| 1 | ZhuhaiMingruidaSupplyChainTechnologyCo.,Ltd. | 2022/1/1 |
VItemsinconsolidatedfinancialstatements
Unlessotherwisespecified,inthefollowingnotes(includingthemajoritemsofthefinancialstatements),"endoftheperiod"referstoDecember31,2022,"beginningoftheperiod"referstoDecember31,2021,"thecurrentperiod"referstotheyear2022,and"thepreviousperiod"referstotheyear2021.Unlessotherwisespecified,theamountunitisyuan.
1.Monetaryfunds
| Item | EndingBalance | BeginningBalance |
| Cashonhand | 678,327.53 | 1,021,935.16 |
| Bankdeposit | 67,106,080,448.62 | 37,248,838,390.03 |
| Othermonetaryfunds[Note1] | 48,296,387,517.05 | 36,207,001,226.17 |
| Depositsincentralbank[Note2] | 1,267,324,345.11 | 1,406,034,172.78 |
| Depositsinotherbanks | 36,150,447,388.93 | 38,791,111,355.15 |
| Subtotal | 152,820,918,027.24 | 113,654,007,079.29 |
| Accruedinterest | 4,663,414,224.15 | 3,285,291,697.58 |
| Total | 157,484,332,251.39 | 116,939,298,776.87 |
| Item | EndingBalance | BeginningBalance |
| Including:TotalamountdepositedoutsidemainlandChina | 480,814,074.59 | 341,734,386.47 |
[Note1]Theendingbalanceofothermonetaryfundsmainlyincludesbanks'acceptancebilldeposits,guaranteedeposits,letterofcreditdeposits,etc.,wheretherestrictedfundwasRMB47,954,084,713.24;[Note2]ThestatutorydepositreserveintheCompany'sdepositsincentralbankisRMB1,261,012,790.79,anditsuseisrestricted;[Note3]Excepttheabovesituations,therearenootherfundsintheendingbalanceofmonetaryfundsthatarerestrictedinuseorhavepotentialrecoveryrisksduetomortgage,pledgeorfreezing.
2.Tradingfinancialassets
| Item | EndingBalance | BeginningBalance |
| Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | 3,867,203,363.52 | |
| Including:equityinstrumentinvestment | 21,302,400.00 | |
| Debtinstrumentinvestment | 3,845,900,963.52 | |
| Total | 3,867,203,363.52 |
3.Derivativefinancialassets
| Item | EndingBalance | BeginningBalance |
| Forwardforeignexchangesettlement/sale | 198,773,198.65 | |
| Total | 198,773,198.65 |
4.Notesreceivable
(1)Notesreceivablepresentationbycategories
| Item | EndingBalance | BeginningBalance |
| Tradeacceptance | 6,818,428.95 | |
| Total | 6,818,428.95 |
(2)NotesreceivablehavepledgedbytheCompanyattheendoftheperiod
None.
(3)NotesreceivablethathavebeenendorsedordiscountedbytheCompanyattheendoftheperiodandhavenotyetdueonthebalancesheetdate
| Item | AmountDerecognizedattheEndofthePeriod | AmountRecognizedattheEndofthePeriod |
| Tradeacceptance | 40,578,585.03 | |
| Total | 40,578,585.03 |
(4)Notesreceivabletransferredtoaccountsreceivableduetothenoteissuer'sfailureofperformance
None.
(5)NotesreceivableactuallywrittenoffinthecurrentperiodNone.
5.Accountsreceivable
(1)Accountsreceivabledisclosedbyaccountage
| Accountage | EndingBalance |
| Within1year | 12,746,203,387.66 |
| 1?2years | 1,416,147,908.71 |
| 2?3years | 877,548,093.14 |
| Over3years | 2,577,872,659.51 |
| Subtotal | 17,617,772,049.02 |
| Less:Baddebtreserves | 2,793,029,425.57 |
| Total | 14,824,742,623.45 |
[Note]TheCompany'saccountsreceivablewithanaccountageofover1yeararemainlysubsidyreceivablesfordismantlingwasteelectricalandelectronicproductsandpaymentsfornewenergyvehicles.
(2)Disclosureofaccountsreceivableclassification
| Category | EndingBalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Proportion(%) | Amount | Creditlossrate(%) | ||
| Accountsreceivablewithbaddebtreservesaccruedbyindividualitem | 1,345,411,996.82 | 7.64 | 1,116,288,302.43 | 82.97 | 229,123,694.39 |
| Accountsreceivablewithbaddebtreservesaccruedbyportfolios | 16,272,360,052.20 | 92.36 | 1,676,741,123.14 | 10.30 | 14,595,618,929.06 |
| Including:accountageportfolio | 14,562,451,303.20 | 82.65 | 1,475,714,843.63 | 10.13 | 13,086,736,459.57 |
| Lowriskportfolio | 1,709,908,749.00 | 9.71 | 201,026,279.51 | 11.76 | 1,508,882,469.49 |
| Total | 17,617,772,049.02 | 100.00 | 2,793,029,425.57 | 15.85 | 14,824,742,623.45 |
(Continued)
| Category | BeginningBalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Proportion(%) | Amount | Creditlossrate(%) | ||
| Accountsreceivablewithbaddebtreservesaccruedbyindividualitem | 1,293,262,223.96 | 8.03 | 1,029,353,603.16 | 79.59 | 263,908,620.80 |
| Accountsreceivablewithbaddebtreservesaccruedbyportfolios | 14,813,226,772.06 | 91.97 | 1,236,236,590.10 | 8.35 | 13,576,990,181.96 |
| Including:accountageportfolio | 12,433,046,350.06 | 77.19 | 1,041,853,417.60 | 8.38 | 11,391,192,932.46 |
| Lowriskportfolio | 2,380,180,422.00 | 14.78 | 194,383,172.50 | 8.17 | 2,185,797,249.50 |
| Total | 16,106,488,996.02 | 100.00 | 2,265,590,193.26 | 14.07 | 13,840,898,802.76 |
1)Accountsreceivablewithbaddebtreservesaccruedbyindividualitem:
| CompanyName | EndingBalance | |||
| Bookbalance | Baddebtreserves | Creditlossrate(%) | Reasonforaccruing | |
| 69unitsintotal | 1,345,411,996.82 | 1,116,288,302.43 | 82.97 | Itisexpectedtobedifficulttoberecoveredinfull |
| Total | 1,345,411,996.82 | 1,116,288,302.43 | 82.97 | |
2)Intheportfolio,accountsreceivablewithbaddebtreservesaccruedbyaccountageportfolio:
| Accountage | Bookbalance | Baddebtreserves | Creditlossrate(%) |
| Within1year | 12,420,877,335.04 | 621,043,867.19 | 5.00 |
| 1?2years | 1,028,652,318.62 | 163,825,657.98 | 15.93 |
| 2?3years | 256,814,018.70 | 78,179,828.86 | 30.44 |
| Over3years | 856,107,630.84 | 612,665,489.60 | 71.56 |
| Total | 14,562,451,303.20 | 1,475,714,843.63 | 10.13 |
[Note]Theexpectedchangesincreditlossrateofthecurrentagingportfolioareduetothemergerofenterprisesnotunderthesamecontrol.
3)Intheportfolios,theAccountsreceivablewithbaddebtreservesaccruedbylowriskportfolio
| CompanyName | EndingBalance | ||
| Bookbalance | Baddebtreserves | Creditlossrate(%) | |
| Lowriskportfolio | 1,709,908,749.00 | 201,026,279.51 | 11.76 |
| Total | 1,709,908,749.00 | 201,026,279.51 | 11.76 |
(3)Changesinthebaddebtreservesinthecurrentperiod
| Category | BeginningBalance | Changeofthecurrentperiod | EndingBalance | ||
| Changesinthescopeofconsolidation | Accrual/transferringback/recovery | Write-off | |||
| Accrualbyindividualitem | 1,029,353,603.16 | 17,875,661.69 | 69,059,037.73 | 0.15 | 1,116,288,302.43 |
| Accountageportfolio | 1,041,853,417.60 | 94,582,000.43 | 339,367,489.54 | 88,063.94 | 1,475,714,843.63 |
| Lowriskportfolio | 194,383,172.50 | 6,643,107.01 | 201,026,279.51 | ||
| Total | 2,265,590,193.26 | 112,457,662.12 | 415,069,634.28 | 88,064.09 | 2,793,029,425.57 |
[Note]Thereisnosignificantrecoveryortransferringbackofbaddebtreservesinthecurrentagingportfolio.
(4)Accountsreceivableactuallywrittenoffinthecurrentperiod
| Item | WrittenOffAmount |
| 8unitsintotal | 88,064.09 |
| Total | 88,064.09 |
(5)Accountsreceivableofthetop5debtorsintermsofendingbalancecollectedbydebtors
| Nameofentity | EndingBalanceofAccountsReceivable | Proportion(%)totheTotalEndingBalanceofAccountsReceivable | EndingBalanceofBadDebtReserves |
| First | 1,709,903,749.00 | 9.71 | 201,025,663.30 |
| Second | 943,104,423.38 | 5.35 | 47,155,221.17 |
| Third | 713,456,979.77 | 4.05 | 35,672,848.97 |
| Fourth | 693,701,000.00 | 3.94 | 114,196,752.00 |
| Fifth | 348,206,846.14 | 1.98 | 17,410,342.30 |
| Total | 4,408,372,998.29 | 25.03 | 415,460,827.74 |
(6)Accountsreceivablederecognizedduetothetransferoffinancialassets
None.
(7)Assetsandliabilitiesformedduetothetransferandcontinuousinvolvementofaccountsreceivable
None.
6.Receivablesfinancing(1)Receivablesfinancingpresentationbycategories
| Item | EndingBalance | BeginningBalance |
| Notesreceivablemeasuredatfairvalue | 28,274,911,539.46 | 25,612,056,693.07 |
| Including:bankacceptancenotes | 28,274,911,539.46 | 25,612,056,693.07 |
| Including:notesacceptedbyGreeFinanceCompany | 804,781,351.78 | |
| Accountsreceivablemeasuredatfairvalue | 152,398,805.74 | |
| Including:accountsreceivable | 152,398,805.74 | |
| Total | 28,427,310,345.20 | 25,612,056,693.07 |
(2)ReceivablesfinancingpledgedbytheCompanyattheendoftheperiod
| Item | PledgedAmountattheEndofthePeriod |
| Bankacceptancenotes | 12,304,327,541.08 |
| Total | 12,304,327,541.08 |
(3)ReceivablesfinancingthathasbeenendorsedordiscountedbytheCompanyattheendoftheperiodbutnotyetdueatthebalancesheetdate
| Item | AmountDerecognizedattheEndofthePeriod | AmountRecognizedattheEndofthePeriod |
| Bankacceptancenotes | 19,823,553,575.31 | |
| Total | 19,823,553,575.31 |
(4)ReceivablesfinancingtransferredbytheCompanyintoaccountsreceivableduetothenoteissuer'sfailureofperformanceNone.
(5)Receivablesfinancingactuallywrittenoffinthecurrentperiod
None.
7.Advancepayments
(1)Prepaymentspresentedbyaccountage
| Accountage | EndingBalance | BeginningBalance | ||
| Amount | Proportion(%) | Amount | Proportion(%) | |
| Within1year | 2,099,933,220.14 | 89.56 | 4,500,793,847.23 | 98.02 |
| 1?2years | 188,034,392.04 | 8.02 | 21,906,080.13 | 0.48 |
| 2?3years | 9,925,947.44 | 0.42 | 24,927,433.26 | 0.54 |
| Accountage | EndingBalance | BeginningBalance | ||
| Amount | Proportion(%) | Amount | Proportion(%) | |
| Over3years | 46,775,285.86 | 2.00 | 44,259,156.72 | 0.96 |
| Total | 2,344,668,845.48 | 100.00 | 4,591,886,517.34 | 100.00 |
(2)Significantprepaymentsagedoveroneyear
None.
(3)Prepaymentsofthetop5prepaymentobjectsintermsofendingbalancecollectedbyprepaymentobjects
Asoftheendoftheperiod,thetotalamountoftheprepaymentsofthetop5suppliersintermsofendingbalancecollectedbysupplierswasRMB909,794,311.70,accountingfor38.80%ofthetotalendingbalanceofprepayments.
8.Otherreceivables
| Item | EndingBalance | BeginningBalance |
| Dividendsreceivable | 1,260,498.66 | 615,115.33 |
| Otherreceivables[Note1] | 803,017,460.14 | 333,546,754.85 |
| Total | 804,277,958.80 | 334,161,870.18 |
[Note1]Otherreceivablesinthetableaboverefertootherreceivablesafterdeductionofinterestreceivablesanddividendsreceivable;[Note2]TheCompanyhasnointerestreceivablebalanceattheendandthebeginningoftheperiod.
(1)Dividendsreceivable
1)Classificationofdividendsreceivable
| Item | EndingBalance | BeginningBalance |
| Dividendsreceivable | 1,260,498.66 | 615,115.33 |
| Total | 1,260,498.66 | 615,115.33 |
2)Significantdividendsreceivableagedover1year
None.
(2)Otherreceivables
1)Otherreceivablesclassifiedbynature
| Natureofpayment | EndingBalance | BeginningBalance |
| Intercourseandlow-riskfunds | 661,459,896.83 | 487,589,373.01 |
| Equityandassettransferpayments | 526,500,000.00 | |
| Subtotal | 1,187,959,896.83 | 487,589,373.01 |
| Less:Baddebtreserves | 384,942,436.69 | 154,042,618.16 |
| Total | 803,017,460.14 | 333,546,754.85 |
2)Accrualofbaddebtreserves
| Baddebtreserves | PhaseⅠ | PhaseⅡ | PhaseⅢ | Total |
| Expectedcreditlossesinthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairmentoccurred) | Expectedcreditlossfortheentireduration(creditimpairmentoccurred) | ||
| BeginningBalance | 10,927,760.51 | 143,114,857.65 | 154,042,618.16 | |
| Changesinthescopeofconsolidationinthecurrentperiod | 14,566,684.82 | 138,217,598.10 | 152,784,282.92 | |
| Accrualinthecurrentperiod | 95,047,059.21 | 95,047,059.21 | ||
| Transferringbackinthecurrentperiod | 16,931,523.60 | 16,931,523.60 | ||
| EndingBalance | 8,562,921.73 | 376,379,514.96 | 384,942,436.69 |
3)Disclosurebyaccountage
| Accountage | Bookbalance |
| Within1year | 175,729,511.54 |
| 1?2years | 411,297,254.70 |
| 2?3years | 100,645,380.37 |
| Over3years | 500,287,750.22 |
| Subtotal | 1,187,959,896.83 |
| Less:Baddebtreserves | 384,942,436.69 |
| Total | 803,017,460.14 |
[Note]Thechangesintheagingstructureofotheraccountsreceivableinthecurrentperiodareduetothemergerofenterprisesnotunderthesamecontrol.
4)Baddebtreservesaccrued,recoveredortransferredbackinthecurrentperiod
| Category | BeginningBalance | Changeofthecurrentperiod | EndingBalance | |
| Changesinthescopeofconsolidation | Accrual/transferringback/recovery | |||
| Accrualbyindividualitem | 75,900,423.54 | 105,796,170.42 | 116,657,358.63 | 298,353,952.59 |
| Accountageportfolio | 78,082,944.62 | 46,988,112.50 | -38,482,573.02 | 86,588,484.10 |
| Lowriskportfolio | 59,250.00 | -59,250.00 | ||
| Total | 154,042,618.16 | 152,784,282.92 | 78,115,535.61 | 384,942,436.69 |
[Note]Thereisnosignificantrecoveryortransferringbackofbaddebtreservesduringthecurrentperiod.
5)Otherreceivablesactuallywrittenoffinthecurrentperiod
None.
6)Otherreceivablesoftop5debtorsintermsofendingbalancecollectedbydebtors
| Nameofentity | Natureofpayment | EndingBalance | Accountage | Proportiontothetotalendingbalanceofotherreceivables(%) | EndingBalanceofBadDebtReserves |
| First | Equityandassettransferfunds,intercoursefunds | 361,249,854.32 | Within1year,1?2years | 30.41 | 25,282,827.58 |
| Nameofentity | Natureofpayment | EndingBalance | Accountage | Proportiontothetotalendingbalanceofotherreceivables(%) | EndingBalanceofBadDebtReserves |
| Second | Equityandassettransferfunds,intercoursefunds | 221,500,000.00 | Over3years | 18.65 | 110,750,000.00 |
| Third | Intercoursefunds | 172,380,562.38 | Within1year,1?2years,over3years | 14.51 | 86,190,281.19 |
| Fourth | Intercoursefunds | 40,312,312.68 | Over2years | 3.39 | 40,312,312.68 |
| Fifth | Equityandassettransferpayments | 35,000,000.00 | 2?3years | 2.95 | 3,500,000.00 |
| Total | 830,442,729.38 | 69.91 | 266,035,421.45 |
7)Receivablesinvolvinggovernmentgrants
None.
8)Otherreceivablesderecognizedduetothetransferoffinancialassets
None.
9)Assetsandliabilitiesformedduetothetransferandcontinuousinvolvementofotherreceivables
None.
9.Inventory
(1)Classificationofinventories
| Item | EndingBalance | ||
| Bookbalance | Inventoryfallingpricereservesorimpairmentprovisionofcontractperformancecosts | Bookvalue | |
| Rawmaterials | 10,672,997,728.11 | 1,009,327,287.63 | 9,663,670,440.48 |
| Goodsinprocessandcontractperformancecosts | 2,403,582,415.78 | 2,403,582,415.78 | |
| Finishedgoods | 23,183,839,506.90 | 1,770,944,083.73 | 21,412,895,423.17 |
| Developmentcosts | 4,834,028,484.47 | 4,834,028,484.47 | |
| Total | 41,094,448,135.26 | 2,780,271,371.36 | 38,314,176,763.90 |
(Continued)
| Item | BeginningBalance | ||
| Bookbalance | Inventoryfallingpricereservesorimpairmentprovisionofcontractperformancecosts | Bookvalue | |
| Rawmaterials | 11,013,706,175.31 | 844,318,692.51 | 10,169,387,482.80 |
| Goodsinprocessandcontractperformancecosts | 1,974,184,596.76 | 1,974,184,596.76 | |
| Finishedgoods | 27,845,565,162.22 | 1,296,652,950.63 | 26,548,912,211.59 |
| Developmentcosts | 4,073,114,036.86 | 4,073,114,036.86 | |
| Total | 44,906,569,971.15 | 2,140,971,643.14 | 42,765,598,328.01 |
(2)Inventoryfallingpricereserves
| Item | BeginningBalance | Increaseinthescopeofconsolidation | Increasedamountinthecurrentperiod | Decreasedamountinthecurrentperiod | EndingBalance |
| Accrual | Write-offamount | ||||
| Rawmaterials | 844,318,692.51 | 2,597,114.31 | 261,433,585.45 | 99,022,104.64 | 1,009,327,287.63 |
| Finishedgoods | 1,296,652,950.63 | 59,772,141.61 | 421,134,343.00 | 6,615,351.51 | 1,770,944,083.73 |
| Total | 2,140,971,643.14 | 62,369,255.92 | 682,567,928.45 | 105,637,456.15 | 2,780,271,371.36 |
Specificbasesforaccruingortransferringbacktheinventoryfallingpricereservesandreasonsforwritingofftheinventoryfallingpricereservesinthecurrentperiod:
| Item | Specificbasesforaccruingortransferringbacktheinventoryfallingpricereserves | Write-offofinventoryfallingpricereservesinthecurrentperiod |
| Rawmaterials | Inventorycostornetrealizablevalue,whicheverislower | Receivedorsoldinthecurrentperiod |
| Finishedgoods | Inventorycostornetrealizablevalue,whicheverislower | Soldinthecurrentperiod |
(3)Capitalizationamountofborrowingcostsincludedintheendingbalanceofinventory
None.
(4)Currentamortizationamountofcontractperformancecosts:TheamortizedcontractperformancecostinthecurrentperiodisRMB158,713,806.81.
10.Contractassets
(1)Disclosureofcontractassetsclassification
| Item | EndingBalance | BeginningBalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Accrualbyindividualitem | 7,841,594.46 | 7,841,594.46 | ||||
| Accountageportfolio | 1,127,165,757.29 | 395,385,285.59 | 731,780,471.70 | 721,024,117.34 | 115,256,697.58 | 605,767,419.76 |
| Lowriskportfolio | 382,514,539.00 | 66,555,192.76 | 315,959,346.24 | 824,094,624.00 | 278,633,571.13 | 545,461,052.87 |
| Total | 1,517,521,890.75 | 469,782,072.81 | 1,047,739,817.94 | 1,545,118,741.34 | 393,890,268.71 | 1,151,228,472.63 |
(2)Impairmentprovisionaccruedforcontractassetsinthecurrentperiod:
| Item | BeginningBalance | Increaseinthescopeofconsolidation | Accrual/transferringback/recoveryinthecurrentperiod | EndingBalance |
| Individual-itemportfolio | 7,841,594.46 | 7,841,594.46 | ||
| Accountageportfolio | 115,256,697.58 | 34,623,312.21 | 245,505,275.80 | 395,385,285.59 |
| Lowriskportfolio | 278,633,571.13 | -212,078,378.37 | 66,555,192.76 | |
| Total | 393,890,268.71 | 34,623,312.21 | 41,268,491.89 | 469,782,072.81 |
11.Non-currentassetsduewithinoneyear
| Item | EndingBalance | BeginningBalance |
| Item | EndingBalance | BeginningBalance |
| Otherdebtinvestmentsduewithin1year | 3,000,000,000.00 | 10,860,197,639.98 |
| Long-termreceivablesduewithin1year | 41,094,547.81 | 3,406,416.52 |
| Subtotal | 3,041,094,547.81 | 10,863,604,056.50 |
| Add:Accruedinterestofotherdebtinvestmentsduewithin1year | 275,847,602.74 | 169,967,876.10 |
| Less:Impairmentprovisionoflong-termreceivablesduewithinoneyear | 2,750,517.36 | |
| Total | 3,314,191,633.19 | 11,033,571,932.60 |
12.Othercurrentassets
| Item | EndingBalance | BeginningBalance |
| Monetaryinvestmentproducts | 2,415,000,000.00 | 5,460,000,000.00 |
| Inputtaxtobedeductedandprepaidtax | 2,057,987,526.82 | 2,786,329,636.97 |
| Endorsedordiscountednotesthathavenotyetdue | 40,578,585.03 | 852,128,009.63 |
| Others | 148,650,676.65 | 282,434,079.34 |
| Subtotal | 4,662,216,788.50 | 9,380,891,725.94 |
| Add:Accruedinterests | 72,656,393.15 | 21,626,670.32 |
| Less:Impairmentprovisionofothercurrentassets | 30,296,241.01 | 20,340,809.19 |
| Total | 4,704,576,940.64 | 9,382,177,587.07 |
13.Disbursementofloansandadvances
(1)Distributionofenterprisesandindividuals
| Item | EndingBalance | BeginningBalance |
| Loansandadvancesmeasuredatamortizedcosts: | ||
| Issuanceofcorporateloansandadvances | 737,270,000.00 | 4,247,674,817.07 |
| Including:(1)Loans | 492,550,000.00 | 1,052,040,000.00 |
| (2)Discount | 244,720,000.00 | 3,195,634,817.07 |
| Including:discountassetinterestadjustment | -31,355,182.93 | |
| Less:loanlossreserves | 18,431,750.00 | 106,975,750.00 |
| Including:accrualbyportfolios | 18,431,750.00 | 106,975,750.00 |
| Subtotal | 718,838,250.00 | 4,140,699,067.07 |
| Accruedinterest | 961,030.27 | 1,953,834.78 |
| Bookvalueofissuedcorporateloansandadvances | 719,799,280.27 | 4,142,652,901.85 |
(2)Changesinloanlossreserves
| Item | EndingBalance | BeginningBalance |
| Loansandadvancesmeasuredatamortizedcosts: | ||
| BeginningBalance | 106,975,750.00 | 135,269,958.74 |
| Transferringbackinthecurrentperiod | 88,544,000.00 | 28,294,208.74 |
| Item | EndingBalance | BeginningBalance |
| EndingBalance | 18,431,750.00 | 106,975,750.00 |
14.Debtinvestment
(1)Debtinvestment
| Item | EndingBalance | BeginningBalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Bondproducts | 150,000,000.00 | 150,000,000.00 | ||||
| Accruedinterestonbondproducts | 351,500.00 | 351,500.00 | ||||
| Total | 150,351,500.00 | 150,351,500.00 | ||||
(2)Importantdebtinvestment
| Item | EndingBalance | BeginningBalance | ||||||
| Facevalue | Couponrate | Effectiveinterestrate | DateDue | Facevalue | Couponrate | Effectiveinterestrate | DateDue | |
| (Twenty-six)AgriculturalBanktreasurybonds | 150,000,000.00 | 2.28% | 2.28% | 2025/11/25 | ||||
| Total | 150,000,000.00 | |||||||
(3)Accrualofimpairmentprovision
None.
15.Otherdebtinvestments
(1)Otherdebtinvestments
| Item | EndingBalance | ||||
| Cost | Accruedinterest | Changeinfairvalue | Bookvalue | Accumulatedlossreservesrecognizedinothercomprehensiveincome | |
| Treasurybond | 315,342,376.29 | 3,551,890.42 | 8,069,643.71 | 326,963,910.42 | |
| Corporatebond | 699,557,264.91 | 13,484,589.02 | -12,404,624.91 | 700,637,229.02 | |
| Negotiablecertificateofdeposit[Note] | 16,052,655,138.75 | 535,940,207.52 | 16,588,595,346.27 | ||
| Subtotal | 17,067,554,779.95 | 552,976,686.96 | -4,334,981.20 | 17,616,196,485.71 | |
| Less:Otherdebtinvestmentsduewithin1year | 3,000,000,000.00 | 275,847,602.74 | 3,275,847,602.74 | ||
| Total | 14,067,554,779.95 | 277,129,084.22 | -4,334,981.20 | 14,340,348,882.97 | |
(Continued)
| Item | BeginningBalance |
| Cost | Accruedinterest | Changeinfairvalue | Bookvalue | Accumulatedlossreservesrecognizedinothercomprehensiveincome | |
| Treasurybond | 294,120,614.59 | 3,378,082.20 | 7,448,985.41 | 304,947,682.20 | |
| Corporatebond | 469,153,368.80 | 6,880,882.18 | 7,002,641.18 | 483,036,892.16 | |
| Negotiablecertificateofdeposit[Note] | 17,100,000,000.00 | 354,467,166.67 | 17,454,467,166.67 | ||
| Subtotal | 17,863,273,983.39 | 364,726,131.05 | 14,451,626.59 | 18,242,451,741.03 | |
| Less:Otherdebtinvestmentsduewithin1year | 10,859,752,569.26 | 169,967,876.10 | 445,070.72 | 11,030,165,516.08 | |
| Less:Othercurrentassets | 1,300,000,000.00 | 2,229,333.33 | 1,302,229,333.33 | ||
| Total | 5,703,521,414.13 | 192,528,921.62 | 14,006,555.87 | 5,910,056,891.62 |
[Note]ThenegotiablecertificateofdepositheldbytheCompanyisclassifiedasfinancialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincomebasedonthemanagement'sintentionandthecashflowofthecontract,andlistedasotherdebtinvestments,othercurrentassets,andnon-currentassetsduewithin1yearaccordingtoitsliquidity.OnDecember31,2022,therewasnosignificantdifferencebetweenthecostoftheCompany'snegotiablecertificateofdepositanditsfairvalue.
(2)Otherimportantdebtinvestments
| Otherdebtitems | EndingBalance | BeginningBalance | ||||||
| Facevalue | Couponrate(%) | Effectiveinterestrate(%) | DateDue | Facevalue | Couponrate(%) | Effectiveinterestrate(%) | DateDue | |
| 16coupon-bearingbond17 | 200,000,000.00 | 2.74 | 3.10 | 2026/8/4 | 200,000,000.00 | 2.74 | 3.10 | 2026/8/4 |
| 16coupon-bearingbond17 | 100,000,000.00 | 2.74 | 3.44 | 2026/8/4 | 100,000,000.00 | 2.74 | 3.44 | 2026/8/4 |
| 20Nongfa08 | 200,000,000.00 | 3.45 | 3.54 | 2025/9/23 | 200,000,000.00 | 3.45 | 3.54 | 2025/9/23 |
| 19HuafaGroupMTN007 | 50,000,000.00 | 4.57 | 5.00 | 2022/12/6 | ||||
| 19HuafaGroupMTN007 | 10,000,000.00 | 4.57 | 5.10 | 2022/12/6 | ||||
| 19HuafaGroupMTN008B | 10,000,000.00 | 5.30 | 5.31 | 2024/12/11 | 10,000,000.00 | 5.30 | 5.31 | 2024/12/11 |
| 21HuafaGroupMTN007 | 70,000,000.00 | 4.65 | 4.65 | 2024/6/28 | 200,000,000.00 | 4.65 | 4.65 | 2024/6/28 |
| 22HuafaGroupMTN006 | 180,000,000.00 | 4.20 | 4.20 | 2025/4/25 | ||||
| 22HuafaGroupMTN009B | 180,000,000.00 | 4.00 | 4.00 | 2025/6/20 | ||||
| 22HuafaGroupMTN012B | 60,000,000.00 | 3.75 | 3.75 | 2025/8/16 | ||||
| Otherdebtitems | EndingBalance | BeginningBalance | ||||||
| Facevalue | Couponrate(%) | Effectiveinterestrate(%) | DateDue | Facevalue | Couponrate(%) | Effectiveinterestrate(%) | DateDue | |
| 22coupon-bearingbond19 | 20,000,000.00 | 2.60 | 2.61 | 2032/9/1 | ||||
| Negotiablecertificateofdeposit | 16,050,000,000.00 | 3.20-4.00 | 3.20-4.00 | 2023/9/10-2027/10/21 | 17,100,000,000.00 | 3.35-4.18 | 3.35-4.18 | 2022/1/14-2024/12/9 |
| Total | 17,070,000,000.00 | 17,870,000,000.00 | ||||||
16.Long-termreceivables
| Item | EndingBalance | ||
| Bookbalance | Baddebtreserves | Bookvalue | |
| Goodsofinstallmentsales | 235,996,799.59 | 32,095,022.13 | 203,901,777.46 |
| Less:Unrealizedfinancingincome | 15,048,370.77 | 15,048,370.77 | |
| Less:Long-termaccountsreceivableduewithin1year | 41,094,547.81 | 2,750,517.36 | 38,344,030.45 |
| Less:Reclassifiedtoothercurrentassets | 61,048,258.76 | 26,623,856.04 | 34,424,402.72 |
| Total | 118,805,622.25 | 2,720,648.73 | 116,084,973.52 |
(Continued)
| Item | BeginningBalance | ||
| Bookbalance | Baddebtreserves | Bookvalue | |
| Goodsofinstallmentsales | 38,157,391.25 | 20,340,809.19 | 17,816,582.06 |
| Less:Unrealizedfinancingincome | 844,248.07 | 844,248.07 | |
| Less:Long-termaccountsreceivableduewithin1year | 3,406,416.52 | 3,406,416.52 | |
| Less:Reclassifiedtoothercurrentassets | 31,487,695.59 | 20,340,809.19 | 11,146,886.40 |
| Total | 2,419,031.07 | 2,419,031.07 | |
[Note]TheCompanyreclassifieslong-termreceivablesduewithin1yeartonon-currentassetsduewithin1year,andreclassifiesoverduelong-termreceivablestoothercurrentassets.
17.Long-termequityinvestments
| Investee | BeginningBalance | Increase/DecreaseintheCurrentPeriod | EndingBalance | ||||||
| Originalvalue | Impairmentprovision | Changesinthescopeofconsolidation | Profitsandlossesoninvestmentrecognizedbyequitymethod | Adjustmentofothercomprehensiveincome | Adjustmenttootherequitychanges | Declareddistributionofcashdividendsorprofits | Originalvalue | Impairmentprovision | |
| I.Jointventures | |||||||||
| CompaniesincludingSongyuanGrainGroupJiangwanRiceIndustryCo.,Ltd. | 1,220,914.19 | -54,555.22 | 1,166,358.97 | ||||||
| Subtotal | 1,220,914.19 | -54,555.22 | 1,166,358.97 | ||||||
| II.Associates | |||||||||
| Gree(Vietnam)ElectricAppliances,Inc. | 1,940,009.35 | 1,940,009.35 | 1,940,009.35 | 1,940,009.35 | |||||
| OutlookAllMediaCo.,Ltd. | 37,385,552.00 | -1,907,177.74 | 35,478,374.26 | ||||||
| WuhanDigitalDesignandManufacturingInnovationCenterCo.,Ltd. | 14,942,039.60 | 297,034.32 | 15,239,073.92 | ||||||
| CoresingSemiconductorTechnologyCo.,Ltd. | 20,004,740.59 | 66,923.31 | 20,071,663.90 | ||||||
| ZhuhaiRonglinEquityInvestmentPartnership(LimitedPartnership) | 8,893,495,450.98 | -13,812,616.74 | -4,747,875,029.30 | 4,131,807,804.94 | |||||
| HenanYuzeFinanceLeasingCo.,Ltd. | 51,749,348.46 | 1,791,375.31 | 949,620.75 | 52,591,103.02 | |||||
| ZhuhaiHanlingEquityInvestmentPartnership(LimitedPartnership) | 920,480,163.07 | 45,154,377.43 | 9,382,745.59 | 956,251,794.91 | |||||
| LanzhouGuangtongNewEnergyAutomobileCo.,Ltd. | 108,445,671.11 | -11,427,975.22 | 97,017,695.89 | ||||||
| GuizhouQianzhixingNewEnergyCo.,Ltd. | 2,775,216.06 | -1,246,361.03 | 1,528,855.03 | ||||||
| NingxiaNengguNewEnergyTechnologyCo.,Ltd. | 343,863.07 | -149,512.83 | 194,350.24 | ||||||
| EocellLimited | 5,140,512.39 | -5,140,512.39 | |||||||
| Investee | BeginningBalance | Increase/DecreaseintheCurrentPeriod | EndingBalance | ||||||
| Originalvalue | Impairmentprovision | Changesinthescopeofconsolidation | Profitsandlossesoninvestmentrecognizedbyequitymethod | Adjustmentofothercomprehensiveincome | Adjustmenttootherequitychanges | Declareddistributionofcashdividendsorprofits | Originalvalue | Impairmentprovision | |
| BeijingLiyinAutomobileTechnologyCo.,Ltd. | 4,605,056.55 | 4,605,056.55 | |||||||
| SichuanJinshiLeasingCo.,Ltd. | 276,419,486.50 | 17,119,707.82 | 293,539,194.32 | ||||||
| ZhujiRushanHuiyingVentureInvestmentPartnership(LimitedPartnership) | 53,798,516.01 | -727,322.56 | -5,103,405.48 | 5,937,573.09 | 53,905,361.06 | ||||
| DunAn(Tianjin)EnergySavingSystemCo.,Ltd. | 262,181,553.50 | -33,287,671.70 | 228,893,881.80 | ||||||
| Subtotal | 10,337,727,109.73 | 1,940,009.35 | 315,980,069.51 | -3,269,732.02 | -4,752,978,434.78 | 5,937,573.09 | 10,332,366.34 | 5,893,064,219.19 | 1,940,009.35 |
| Total | 10,338,948,023.92 | 1,940,009.35 | 315,980,069.51 | -3,324,287.24 | -4,752,978,434.78 | 5,937,573.09 | 10,332,366.34 | 5,894,230,578.16 | 1,940,009.35 |
[Note]ThechangeinothercomprehensiveincomeinthecurrentperiodofthejointventureoftheCompany,ZhuhaiRonglinEquityInvestmentPartnership(LimitedPartnership),isduetothefluctuationofthesharepriceofWingtechTechnologyCo.,Ltd.heldbyit.
18.Otherequityinstrumentinvestments
(1)Otherequityinstrumentinvestments
| Item | EndingBalance | BeginningBalance |
| ShanghaiHighly(Group)Co.,Ltd. | 522,205,716.62 | 755,079,703.46 |
| XinjiangJoinworldCompanyLimited | 145,786,602.78 | 217,422,947.74 |
| WingtechTechnologyCo.,Ltd. | 1,885,465,957.10 | 4,636,568,053.50 |
| RSMACALLINE-HSHS | 143,361,786.48 | 195,769,835.63 |
| San'anOptoelectronicsCo.,Ltd.[Note] | 1,965,635,734.92 | 4,302,405,489.72 |
| COFCOTrading(Suibin)AgriculturalDevelopmentCo.,Ltd. | 7,000,000.00 | 7,000,000.00 |
| Total | 4,669,455,797.90 | 10,114,246,030.05 |
[Note]TheCompanydirectlyholds114,547,537sharesofSan'anOptoelectronicsCo.,Ltd.,whichhavebeenrestrictedforsalefor36monthssinceJune2020.
(2)Non-tradingequityinstrumentinvestment
| Item | Dividendincomerecognized | Accumulatedgains | Accumulatedlosses | Amounttransferredfromothercomprehensiveincometoretainedearnings | Reasonfordesignationasmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Reasonfortransferringothercomprehensiveincometoretainedearnings |
| ShanghaiHighly(Group)Co.,Ltd. | 14,421,390.05 | -622,751,369.10 | Basedonthemanagement'sintentionandcontractualcashflow | |||
| RSMACALLINE-HSHS | 5,764,487.94 | -555,921,691.97 | Basedonthemanagement'sintentionandcontractualcashflow | |||
| WingtechTechnologyCo.,Ltd. | 7,308,063.18 | 1,000,465,960.50 | Basedonthemanagement'sintentionandcontractualcashflow | |||
| XinjiangJoinworldCompanyLimited | 4,995,206.78 | 70,065,750.62 | 41,065,013.23 | Basedonthemanagement'sintentionandcontractualcashflow | Salesofsomeshares | |
| San'anOptoelectronicsCo.,Ltd. | 11,454,753.70 | -34,364,265.08 | Basedonthemanagement'sintentionandcontractualcashflow | |||
| COFCOTrading(Suibin)AgriculturalDevelopmentCo.,Ltd. | 1,180,000.00 | Basedonthemanagement'sintentionandcontractualcashflow | ||||
| Total | 45,123,901.65 | 1,070,531,711.12 | -1,213,037,326.15 | 41,065,013.23 |
19.Othernon-currentfinancialassets
| Item | EndingBalance | BeginningBalance |
| Financialassetsmeasuredatfairvalueswithchangesincludedinothercomprehensiveincome[Note] | 4,428,003,204.49 | 81,309,327.39 |
| Total | 4,428,003,204.49 | 81,309,327.39 |
[Note:]ThismainlyreferstoassetmanagementplansandfinancialproductsheldbytheCompanyformorethanoneyear.
20.InvestmentrealestateInvestmentrealestateusingcostmeasurementmodel
| Item | Housesandbuildings | Landuserights | Total |
| I.Originalbookvalue | |||
| 1.Beginningbalance | 774,016,287.76 | 774,016,287.76 | |
| 2.Increasedamountinthecurrentperiod | 263,410,921.46 | 51,772,134.37 | 315,183,055.83 |
| Including:(1)Transfer-infromfixedassets | 54,611,038.52 | 54,611,038.52 | |
| (2)Transfer-infromconstructioninprogress | 187,592.80 | 187,592.80 | |
| (3)Transferofintangibleassets | 31,797,338.99 | 31,797,338.99 | |
| (4)Increaseinbusinessmerger | 208,612,290.14 | 19,974,795.38 | 228,587,085.52 |
| 3.Decreasedamountinthecurrentperiod | 5,931,020.12 | 910,170.28 | 6,841,190.40 |
| Including:(1)Transfertofixedassets | 5,931,020.12 | 5,931,020.12 | |
| (2)Transfertointangibleassets | 910,170.28 | 910,170.28 | |
| 4.Endingbalance | 1,031,496,189.10 | 50,861,964.09 | 1,082,358,153.19 |
| II.Accumulateddepreciationandaccumulatedamortization | |||
| 1.Beginningbalance | 319,161,465.13 | 319,161,465.13 | |
| 2.Increasedamountinthecurrentperiod | 118,704,703.91 | 12,304,054.54 | 131,008,758.45 |
| Including:(1)Accrualoramortization | 73,336,230.43 | 906,790.68 | 74,243,021.11 |
| (2)Transfer-infromfixedassets | 13,697,376.73 | 13,697,376.73 | |
| (3)Transferofintangibleassets | 4,009,725.09 | 4,009,725.09 | |
| (4)Increaseinbusinessmerger | 31,671,096.75 | 7,387,538.77 | 39,058,635.52 |
| 3.Decreasedamountinthecurrentperiod | 2,323,789.17 | 177,483.20 | 2,501,272.37 |
| Including:(1)Transfertofixedassets | 2,323,789.17 | 2,323,789.17 | |
| (2)Transfertointangibleassets | 177,483.20 | 177,483.20 | |
| 4.Endingbalance | 435,542,379.87 | 12,126,571.34 | 447,668,951.21 |
| III.Impairmentprovision | |||
| IV.Bookvalue | |||
| 1.Bookvalueattheendoftheperiod | 595,953,809.23 | 38,735,392.75 | 634,689,201.98 |
| 2.Bookvalueatthebeginningoftheperiod | 454,854,822.63 | 454,854,822.63 |
[Note]AsofDecember31,2022,thebookvalueofinvestmentrealestate?housesandbuildingsofwhichtheCompanyhasnotobtainedthecertificateoftitlewasRMB78,776,121.57.
21.Fixedassets
| Item | EndingBalance | BeginningBalance |
| Fixedassets[Note] | 33,810,042,180.83 | 31,183,285,286.03 |
| Fixedassetsinliquidation | 6,977,210.53 | 5,440,856.96 |
| Total | 33,817,019,391.36 | 31,188,726,142.99 |
[Note]Thefixedassetsinthetableaboverefertothefixedassetsafterdeductionofthefixedassetsinliquidation.
(1)Fixedassets
| Item | Housesandbuildings | Machineryequipment | Transportationequipment | Electronicequipment | Otherequipment | Total |
| I.Originalbookvalue | ||||||
| 1.Beginningbalance | 27,006,174,116.19 | 24,851,475,449.33 | 1,328,579,441.14 | 2,128,193,766.55 | 774,134,522.45 | 56,088,557,295.66 |
| 2.Increasedamountinthecurrentperiod | 4,925,024,188.38 | 3,350,685,237.89 | 190,440,460.03 | 352,239,327.63 | 38,293,735.51 | 8,856,682,949.44 |
| Including:(1)Externalpurchase | 118,000.01 | 617,369,909.62 | 165,385,568.01 | 161,228,931.30 | 38,293,735.51 | 982,396,144.45 |
| (2)Transfer-infrominvestmentrealestate | 5,931,020.12 | 5,931,020.12 | ||||
| (3)Transfer-infromconstructioninprogress | 4,280,901,827.94 | 1,178,729,949.13 | 50,780.55 | 5,459,682,557.62 | ||
| (4)Increaseinbusinessmerger | 638,073,340.31 | 1,554,585,379.14 | 25,054,892.02 | 190,959,615.78 | 2,408,673,227.25 | |
| 3.Decreasedamountinthecurrentperiod | 72,651,523.86 | 652,948,912.20 | 24,740,557.23 | 38,356,073.83 | 15,435,429.61 | 804,132,496.73 |
| Including:(1)Disposalorscrapping | 18,040,485.34 | 652,948,912.20 | 24,740,557.23 | 38,356,073.83 | 15,435,429.61 | 749,521,458.21 |
| (2)Transfertoinvestmentrealestate | 54,611,038.52 | 54,611,038.52 | ||||
| 4.Foreigncurrencyfinancialstatementtranslation. | 17,123,330.27 | 10,003,661.68 | 413,174.18 | 1,037,300.23 | 377,323.76 | 28,954,790.12 |
| 5.Endingbalance | 31,875,670,110.98 | 27,559,215,436.70 | 1,494,692,518.12 | 2,443,114,320.58 | 797,370,152.11 | 64,170,062,538.49 |
| II.Accumulateddepreciation | ||||||
| 1.Beginningbalance | 7,442,205,404.77 | 13,913,067,198.39 | 1,084,936,683.59 | 1,857,204,204.84 | 591,322,020.70 | 24,888,735,512.29 |
| 2.Increasedamountinthecurrentperiod | 1,721,564,435.26 | 3,246,534,356.64 | 174,758,764.40 | 373,247,526.94 | 100,579,997.44 | 5,616,685,080.68 |
| Including:(1)Accrual | 1,515,361,405.49 | 2,444,709,150.04 | 159,881,193.49 | 242,278,626.61 | 100,579,997.44 | 4,462,810,373.07 |
| Item | Housesandbuildings | Machineryequipment | Transportationequipment | Electronicequipment | Otherequipment | Total |
| (2)Transfer-infrominvestmentrealestate | 2,323,789.17 | 2,323,789.17 | ||||
| (3)Increaseinbusinessmerger | 203,879,240.60 | 801,825,206.60 | 14,877,570.91 | 130,968,900.33 | 1,151,550,918.44 | |
| 3.Decreasedamountinthecurrentperiod | 19,748,800.51 | 90,117,390.29 | 15,917,188.00 | 27,312,183.06 | 18,500,352.38 | 171,595,914.24 |
| Including:(1)Disposalorscrapping | 6,051,423.78 | 90,117,390.29 | 15,917,188.00 | 27,312,183.06 | 18,500,352.38 | 157,898,537.51 |
| (2)Transfertoinvestmentrealestate | 13,697,376.73 | 13,697,376.73 | ||||
| 4.Foreigncurrencyfinancialstatementtranslation. | 2,663,899.64 | 4,232,835.76 | 393,443.28 | 777,174.41 | 186,174.48 | 8,253,527.57 |
| 5.Endingbalance | 9,146,684,939.16 | 17,073,717,000.50 | 1,244,171,703.27 | 2,203,916,723.13 | 673,587,840.24 | 30,342,078,206.30 |
| III.Impairmentprovision | ||||||
| 1.Beginningbalance | 13,788,472.27 | 2,573,124.13 | 35,573.50 | 139,327.44 | 16,536,497.34 | |
| 2.Increasedamountinthecurrentperiod | 1,846,942.95 | 192,399.28 | 2,039,342.23 | |||
| Including:(1)Increaseinbusinessmerger | 1,216,098.54 | 192,399.28 | 1,408,497.82 | |||
| (2)Transfer-infromconstructioninprogress | 630,844.41 | 630,844.41 | ||||
| 3.Decreasedamountinthecurrentperiod | 695,685.64 | 48,047.88 | 26,632.08 | 770,365.60 | ||
| Including:(1)Disposal | 695,685.64 | 48,047.88 | 26,632.08 | 770,365.60 | ||
| 4.Foreigncurrencyfinancialstatementtranslation. | 136,677.39 | 136,677.39 | ||||
| 5.Endingbalance | 13,788,472.27 | 3,861,058.83 | 179,924.90 | 112,695.36 | 17,942,151.36 | |
| IV.Bookvalue | ||||||
| 1.Bookvalueattheendoftheperiod | 22,715,196,699.55 | 10,481,637,377.37 | 250,520,814.85 | 239,017,672.55 | 123,669,616.51 | 33,810,042,180.83 |
| 2.Bookvalueatthebeginningoftheperiod | 19,550,180,239.15 | 10,935,835,126.81 | 243,642,757.55 | 270,953,988.21 | 182,673,174.31 | 31,183,285,286.03 |
[Note]AsofDecember31,2022,thebookvalueoftheCompany'sfixedassets?housesandbuildingsofwhichtheCompanyhasnotobtainedthecertificateoftitlewasRMB15,592,294,246.03.Theacquisitionofcertificateoftitleismainlyaffectedbytheprogressofprojectfinalacceptance,andtheCompanyisstillprocessingaccordingtotheschedule.
GreeElectricAppliances,Inc.ofZhuhaiNotesto2022FinancialStatements
(2)TemporaryidlefixedassetsNone.
(3)Fixedassetsleasedoutthroughoperatingleases
Thecompanyhasnosignificantfixedassetsleasedoutthroughoperatingleases.
(4)Fixedassetsinliquidation
| Item | EndingBalance | BeginningBalance |
| Fixedassetsinliquidation | 6,977,210.53 | 5,440,856.96 |
| Total | 6,977,210.53 | 5,440,856.96 |
22.Constructioninprogress
| Item | EndingBalance | BeginningBalance |
| Constructioninprogress[Note] | 5,966,678,892.16 | 6,481,236,333.38 |
| Total | 5,966,678,892.16 | 6,481,236,333.38 |
[Note]Theconstructioninprogressintheabovetablereferstotheconstructioninprogressafterdeductionofconstructionmaterials.
(1)Constructioninprogress
| Item | EndingBalance | BeginningBalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| GreeTitaniumProject | 2,127,613,084.25 | 54,413.75 | 2,127,558,670.50 | 2,267,183,174.63 | 54,413.75 | 2,267,128,760.88 |
| ZhuhaiIntelligentManufacturingProject | 759,287,741.79 | 759,287,741.79 | 661,759,431.04 | 661,759,431.04 | ||
| GreeLinyiProject | 650,227,470.08 | 650,227,470.08 | 1,734,692.65 | 1,734,692.65 | ||
| GreeHQProject | 460,979,229.34 | 460,979,229.34 | 907,483,903.01 | 907,483,903.01 | ||
| GreeChengduProject | 306,867,823.07 | 306,867,823.07 | 419,085,010.72 | 419,085,010.72 | ||
| GreeGanzhouProject | 305,461,218.62 | 305,461,218.62 | 244,948,297.47 | 244,948,297.47 | ||
| ZhuhaiGreenControlProject | 229,667,770.18 | 229,667,770.18 | 115,158,283.10 | 115,158,283.10 | ||
| GreeEnergyProject | 193,615,205.28 | 193,615,205.28 | 258,133,665.03 | 258,133,665.03 | ||
| GreeHangzhouProject | 171,929,573.49 | 171,929,573.49 | 105,933,640.62 | 105,933,640.62 | ||
| WuhanMoldProject | 129,629,721.74 | 129,629,721.74 | 5,258,628.72 | 5,258,628.72 | ||
| Others | 631,454,468.07 | 631,454,468.07 | 1,494,612,020.14 | 1,494,612,020.14 | ||
| Total | 5,966,733,305.91 | 54,413.75 | 5,966,678,892.16 | 6,481,290,747.13 | 54,413.75 | 6,481,236,333.38 |
(2)Currentdchangesinimportantconstructioninprogress
| Item | BeginningBalance | Increasewithinthescopeoftheconsolidationinthecurrentperiod | Increasedamountinthecurrentperiod | Amounttransferredtofixedassetsinthecurrentperiod | Amounttransferredtoinvestmentrealestateinthecurrentperiod | EndingBalance | Including:capitalizationamountofinterestinthecurrentperiod |
| GreeTitaniumProject | 2,267,183,174.63 | 263,083,776.14 | 402,653,866.52 | 2,127,613,084.25 | |||
| ZhuhaiIntelligentManufacturingProject | 661,759,431.04 | 1,293,455,554.63 | 1,195,927,243.88 | 759,287,741.79 | |||
| GreeLinyiProject | 1,734,692.65 | 648,492,777.43 | 650,227,470.08 | 6,914,323.75 | |||
| GreeHQProject | 907,483,903.01 | 705,472,437.52 | 1,151,977,111.19 | 460,979,229.34 | |||
| GreeChengduProject | 419,085,010.72 | 74,217,339.69 | 186,434,527.34 | 306,867,823.07 | 17,987,383.24 | ||
| GreeGanzhouProject | 244,948,297.47 | 583,594,408.89 | 523,081,487.74 | 305,461,218.62 | -5,159,360.79 | ||
| ZhuhaiGreenControlProject | 115,158,283.10 | 114,509,487.08 | 229,667,770.18 | ||||
| GreeEnergyProject | 258,133,665.03 | 87,876,431.19 | 152,394,890.94 | 193,615,205.28 | |||
| GreeHangzhouProject | 105,933,640.62 | 110,020,519.84 | 44,024,586.97 | 171,929,573.49 | |||
| WuhanMoldProject | 5,258,628.72 | 124,371,093.02 | 129,629,721.74 | ||||
| Others | 1,494,612,020.14 | 105,158,381.48 | 835,060,502.29 | 1,803,188,843.04 | 187,592.80 | 631,454,468.07 | -47,124,036.11 |
| Total | 6,481,290,747.13 | 105,158,381.48 | 4,840,154,327.72 | 5,459,682,557.62 | 187,592.80 | 5,966,733,305.91 | -27,381,689.91 |
[Note]Thecapitalizationamountofinterestforthecurrentperiodincludesgovernmentgrantsforloaninterestdiscounts.
(3)AccrualofimpairmentprovisionofconstructioninprogressinthecurrentperiodNone.
23.Usufructassets
| Item | Housingandbuildings | Machineryequipment | Total |
| I.Originalbookvalue | |||
| 1.Beginningbalance | 37,646,179.06 | 6,613,861.31 | 44,260,040.37 |
| 2.Increasedamountinthecurrentperiod | 306,650,930.98 | 306,650,930.98 | |
| Including:(1)Rent | 54,971,068.86 | 54,971,068.86 | |
| (2)Increaseinbusinessmerger | 251,679,862.12 | 251,679,862.12 | |
| 3.Decreasedamountinthecurrentperiod | 41,421,190.79 | 6,613,861.31 | 48,035,052.10 |
| Including:Due | 41,421,190.79 | 6,613,861.31 | 48,035,052.10 |
| 4.Endingbalance | 302,875,919.25 | 302,875,919.25 | |
| II.Accumulatedamortization | |||
| 1.Beginningbalance | 25,532,820.33 | 4,123,937.05 | 29,656,757.38 |
| 2.Increasedamountinthecurrentperiod | 107,644,498.93 | 2,489,924.26 | 110,134,423.19 |
| Including:(1)Accrual | 58,395,473.40 | 2,489,924.26 | 60,885,397.66 |
| (2)Increaseinbusinessmerger | 49,249,025.53 | 49,249,025.53 | |
| 3.Decreasedamountinthecurrentperiod | 37,646,179.06 | 6,613,861.31 | 44,260,040.37 |
| Including:Due | 37,646,179.06 | 6,613,861.31 | 44,260,040.37 |
| 4.Endingbalance | 95,531,140.20 | 95,531,140.20 | |
| III.Impairmentprovision | |||
| IV.Bookvalue | |||
| 1.Bookvalueattheendoftheperiod | 207,344,779.05 | 207,344,779.05 | |
| 2.Bookvalueatthebeginningoftheperiod | 12,113,358.73 | 2,489,924.26 | 14,603,282.99 |
24.Intangibleassets
Intangibleassets
| Item | Landuserights | Patentrightsandothers | Total |
| I.Originalbookvalue | |||
| 1.Beginningbalance | 10,634,812,172.87 | 1,873,442,803.55 | 12,508,254,976.42 |
| 2.Increasedamountinthecurrentperiod | 593,062,168.54 | 1,756,586,308.80 | 2,349,648,477.34 |
| (1)Purchase | 408,864,798.35 | 17,626,919.63 | 426,491,717.98 |
| (2)Increaseinbusinessmerger | 183,287,199.91 | 1,738,959,389.17 | 1,922,246,589.08 |
| (3)Transfer-infrominvestmentrealestate | 910,170.28 | 910,170.28 | |
| 3.Decreasedamountinthecurrentperiod | 32,172,563.19 | 24,859,484.14 | 57,032,047.33 |
| (1)Disposal | 375,224.20 | 19,817,084.14 | 20,192,308.34 |
| Item | Landuserights | Patentrightsandothers | Total |
| (2)Write-off[Note1] | 5,042,400.00 | 5,042,400.00 | |
| (3)Transfertoinvestmentrealestate | 31,797,338.99 | 31,797,338.99 | |
| 4.Endingbalance | 11,195,701,778.22 | 3,605,169,628.21 | 14,800,871,406.43 |
| II.Accumulatedamortization | |||
| 1.Beginningbalance | 1,206,697,164.66 | 682,279,619.00 | 1,888,976,783.66 |
| 2.Increasedamountinthecurrentperiod | 260,717,169.43 | 326,649,056.02 | 587,366,225.45 |
| (1)Accrual | 238,910,120.98 | 168,427,542.25 | 407,337,663.23 |
| (2)Transfer-infrominvestmentrealestate | 177,483.20 | 177,483.20 | |
| (3)Increaseinbusinessmerger | 21,629,565.25 | 158,221,513.77 | 179,851,079.02 |
| 3.Decreasedamountinthecurrentperiod | 4,131,978.52 | 11,674,242.89 | 15,806,221.41 |
| (1)Disposal | 122,253.43 | 6,631,842.89 | 6,754,096.32 |
| (2)Write-off | 5,042,400.00 | 5,042,400.00 | |
| (3)Transfertoinvestmentrealestate | 4,009,725.09 | 4,009,725.09 | |
| 4.Endingbalance | 1,463,282,355.57 | 997,254,432.13 | 2,460,536,787.70 |
| III.Impairmentprovision | |||
| 1.Beginningbalance | 702,310,984.66 | 702,310,984.66 | |
| 2.Increasedamountinthecurrentperiod | 20,997,973.04 | 20,997,973.04 | |
| Including:increaseinbusinessmerger | 20,997,973.04 | 20,997,973.04 | |
| 3.Decreasedamountinthecurrentperiod | 4,827,410.40 | 4,827,410.40 | |
| Including:write-off | 4,827,410.40 | 4,827,410.40 | |
| 4.Endingbalance | 718,481,547.30 | 718,481,547.30 | |
| IV.Bookvalue | |||
| 1.Bookvalueattheendoftheperiod | 9,732,419,422.65 | 1,889,433,648.78 | 11,621,853,071.43 |
| 2.Bookvalueatthebeginningoftheperiod | 9,428,115,008.21 | 488,852,199.89 | 9,916,967,208.10 |
[Note1]Write-offamountofintangibleassets?patentrightandothersinthecurrentperiodweretheusedquotalicensingrights;[Note2]AsofDecember31,2022,thebookvalueofintangibleassets?landuserights,ofwhichtheCompanyhasnotyetobtainedthecertificateoftitlewasRMB159,856,229.12.[Note3]NointangibleassetswereformedthroughtheCompany'sinternalresearchanddevelopmentinthecurrentperiod.
25.Goodwill
(1)Originalbookvalueofgoodwill
| NameofInvesteeormattersforminggoodwill | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
Formedbybusiness
merger
| Formedbybusinessmerger | Disposal |
| NameofInvesteeormattersforminggoodwill | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Formedbybusinessmerger | Disposal | |||
| HefeiKinghomeElectricalCo.,Ltd. | 51,804,350.47 | 51,804,350.47 | ||
| NanjingWalsinMetalCo.,Ltd. | 274,115,040.11 | 274,115,040.11 | ||
| GreeAltairnanoNewEnergyInc. | 612,777,583.92 | 612,777,583.92 | ||
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd.[Note] | 1,198,301,590.22 | 1,198,301,590.22 | ||
| ShenyangWaterandHeatSourceDevelopmentCo.,Ltd. | 372,585.32 | 372,585.32 | ||
| Total | 938,696,974.50 | 1,198,674,175.54 | 2,137,371,150.04 |
[Note]Inthisperiod,theCompanyhasacquired270,360,000sharesofZhejiangDunAnArtificialEnvironmentCo.,Ltd.(hereinafterreferredtoas"DunAnEnvironment")heldbyZhejiangDunAnPrecisionIndustriesGroupCo.,Ltd.,accountingfor29.48%ofthetotalsharecapitalofDunAnEnvironment.AsofthepurchasedateofApril30,2022,thefairvalueshareofidentifiablenetassetsattributabletotheownersoftheparentcompanywasRMB1,126,527,354.60,andthecorrespondingfairvalueshareofidentifiablenetassetshasbeenappraisedbyBeijingYachaoAssetAppraisalCo.,Ltd.,andBJYCPBZ(2022)No.A206AppraisalReportwasissued.Within12monthsaftertheacquisitiondate,theCompanypaidarelated-partyguaranteeamountofRMB233,115,350.00andincreasedthefairvalueofidentifiablenetassetsattributabletotheownersoftheparentcompanybyRMB98,202,405.18.ThedifferencebetweenthefirstacquisitionpaymentofRMB2,189,916,000.00andthesecondacquisitionpaymentofRMB233,115,350.00andthefairvalueshareofidentifiablenetassetsattributabletotheownersoftheparentcompanyofDunAnEnvironmentformedgoodwillofRMB1,198,301,590.22.
(2)Goodwillimpairmentprovision
| NameofInvesteeormattersforminggoodwill | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance | |
| Accrual | Others | Disposal | |||
| NanjingWalsinMetalCo.,Ltd.[Note1] | 231,067,838.26 | 43,047,201.85 | 274,115,040.11 | ||
| ShenyangWaterandHeatSourceDevelopmentCo.,Ltd. | 372,585.32 | 372,585.32 | |||
| GreeAltairnanoNewEnergyInc.[Note2] | 151,720,775.11 | 151,720,775.11 | |||
| HefeiKinghomeElectricalCo.,Ltd.[Note3] | 51,804,350.47 | 51,804,350.47 | |||
| Total | 231,067,838.26 | 246,572,327.43 | 372,585.32 | 478,012,751.01 | |
[Note1]InstructionforNanjingWalsin'sgoodwillassetgroupandimpairmenttest[Note]TheCompanyacquired94.30%oftheequityofNanjingWalsinMetalCo.,Ltd.,formingagoodwillofRMB274,115,040.11.Accordingtotheappraisalreport(ZTHPZ(2023)No.040280)ofAppraisalItemsfortheRecoverableAmountofAssetGroupFormedduetoMergerandAcquisitionofNanjingWalsinMetalCo.,Ltd.RelatedtoGoodwillInvolvedintheProposedGoodwillImpairmentTestbyZhuhaiGreeElectricalCo.,Ltd.,goodwillimpairmentprovisionofRMB43,047,201.85wasaccruedfromtheabove-mentionedgoodwillarisingfromtheacquisitioninthecurrentperiod.
1)AssetsorassetgroupsassociatedwithNanjingWalsin'sgoodwillTheCompanyconductedgoodwillimpairmenttestonassetgrouprelatedtogoodwillthatcanbenefitfromthesynergisticeffectsofbusinessmerger.Duetothedifficultytoinobtainingthemarketfairvalueoftheassetgroupcontaininggoodwilldirectly,theCompanycalculatedtherecoverableamountoftheassetgroupbyusingthemethodofestimatingthepresentvalueoffuturecashflows.Aftercomprehensivelyconsideringfactorssuchasproductionandoperationactivitymanagement,monitoringmethods,continuoususeanddisposal,theassetgroupcontaininggoodwillwasfinallydetermined.Attheendoftheperiod,theassetgroupwherethegoodwillwas
locatedwasconsistentwiththeassetgroupdeterminedwhenthegoodwillwasformedontheacquisitiondate,anditscompositionhasnotchanged.
2)Importantassumptionsandkeyparametersofgoodwillimpairmenttest:
A.Assumptionoforderlytransactions:orderlytransactionsrefertotransactionswheretherelevantassetsorliabilitieshaveusualmarketactivitiesduringaperiodoftimebeforethemeasurementdate;B.Assumptionofgoingconcern:assumptionofgoingconcernreferstotheassumptionthattheassetgroupwillbeusednormallyandcontinuouslyaccordingtothepurposeandusemethodonthebenchmarkdate,withoutunforeseeablefactorscausingitsfailuretocontinueoperations,andthevaluationmethod,parametersandbasiswillbedeterminedaccordingly;C.ItisassumedthattheCompanyhasnomajorchangesinitscoremanagementteam,technicalteam,andmarketingteambasedontheexistingmanagementmethodsandlevels,andnootherhumanforcemajeureandunforeseenfactorsthathaveamajoradverseimpactontheCompany;D.GiventheCompany'soperationandproductionaremainlytoearnprocessingprofits,fluctuationsinrawmaterialpricesdonothaveasubstantialimpactonitsoperatingprofits,therefore,itisassumedthattherawmaterialpriceswillremainunchangedinthecomingyearsintheevaluation.Whenconductingtheassetimpairmenttest,theexpectedreturnoninvestmentofpropertyrightsholdersisestimatedbyusingthemethodofanalysisandcalculationoftheselectedcompanyforcomparison,andthepre-taxdiscountrateusedintheimpairmenttestwas
12.40%ascalculate.
3)Appraisalresultsofgoodwillimpairmenttest
Unit:10thousandyuan
| CompanyName | Bookvalueofassetgroup | Recoverableamountofassetgroup | Goodwillimpairmentamount |
| NanjingWalsinMetalCo.,Ltd. | 24,876.78 | 20,300.00 | 4,564.92 |
Accordingtotheappraisalreport(ZTHPZ(2023)No.040280)ofAppraisalItemsfortheRecoverableAmountofAssetGroupFormedduetoMergerandAcquisitionofNanjingWalsinMetalCo.,Ltd.intheProposedGoodwillImpairmentTestbyZhuhaiGreeElectricalCo.,Ltd.,theamountofgoodwillimpairmentlossaccruedfortheassetgroupincludinggoodwillinthisperiodisRMB45,649,206.63,ofwhichthegoodwillimpairmentlossattributabletoshareholdersoftheparentcompanyisRMB43,047,201.85.[Note2]GoodwillimpairmentprovisionofGreeAltairnanoNewEnergyInc.TheCompanyacquireda30.47%equityofGreeAltairnanoNewEnergyInc.(hereinafterreferredtoas"GreeAltairnanoNewEnergy"),formingagoodwillofRMB612,777,583.92.AccordingtotheAssetAppraisalReportontheAssetGroupAppraisalItemsInvolvedintheProposedGoodwillImpairmentTestbyGreeElectricAppliances,Inc.ofZhuhaiontheGoodwillFormedbytheMergerofGreeAltairnanoNewEnergyInc.issuedbyZhejiangZhonghengRealEstateLandAssetsAppraisalConsultingCo.,Ltd.(ZZH[2023]ZINo.HZ1110),agoodwillimpairmentprovisionofRMB151,720,775.11hasbeenaccruedfortheabovegoodwillformedbyacquisitioninthecurrentperiod.
1)AssetsorassetgroupsassociatedwiththegoodwillofGreeAltairnanoNewEnergyThemainassetgroupcontaininggoodwillincludesintangibleassetssuchasfixedassets,landuserightsandpatents.Basedonthecharacteristicsoftheassetgroup,thecostmethodwaschosenforthefairvalueappraisaloftheassetgroupcontaininggoodwill.
2)Importantassumptionsandkeyparametersofgoodwillimpairmenttest:
A.Assumingthatallassetstobeappraisedcanbetradedinanormalandorderlymanner;B.Assumingthattheassetswillcontinuetooperateandbeusedintheircurrentpurposesandmanners,scale,frequency,andenvironment,etc.,orwillbeusedwithsomemodifications;C.Assumingthatthetradingpartiesofassetstradedorintendedtobetradedonthemarkethaveequalstatusandopportunitiesandtimetoobtainsufficientmarketinformationtomakerationaljudgmentsabouttheassets'function,purpose,andtransactionprice;D.Thisappraisalassumesthatexternaleconomicconditionsremainunchangedasofthevaluationdatetherearenomajorchangesinthecurrentmacroeconomicpoliciesofthecountry,andtherearenosignificantchangesinthesocio-economicenvironmentinwhichtheCompanyoperates,aswellasinthetaxandtaxratesimplemented;E.ThefuturemanagementteamoftheCompanywillfulfilltheirdutiesandcontinuetomaintaintheexistingmanagementmodel;F.Whenusingthecostmethodtoappraisethefairvalueoftherelatedassetgroupscontaininggoodwill,itisassumedthatthevalueoftherelatedassetgroupscontaininggoodwillcanbefullyrecoveredthroughfutureoperation(ordisposal)oftheassetgroups;
G.Alltheassetsappraisedinthisappraisalarebasedontheactualinventoryasofthevaluationdate,andthecurrentmarketpriceoftherelevantassetsisbasedonthedomesticeffectivepriceasofthevaluationdate.
3)Appraisalresultsofgoodwillimpairmenttest
Currency:yuan(CNY)
| Item | Amount |
| Originalbookvalueofgoodwill① | 612,777,583.92 |
| Originalvalueofunrecognizedgoodwillattributabletominorityshareholders'equity② | 1,398,307,364.95 |
| Originalvalueofgoodwillincludingunrecognizedequityattributabletominorityshareholders③=①+② | 2,011,084,948.87 |
| Bookvalueoftangibleassetsintheassetgroup④ | 12,879,685,932.05 |
| Bookvalueofassetgroupcontainingoverallgoodwill⑤=③+④ | 14,890,770,880.92 |
| Netamountofthepresentvalueofexpectedfuturecashflowsforassetgroupsorthefairvalueoftheassetgrouplessdisposalexpenses⑥ | 14,392,835,944.55 |
| Overallimpairmentreservesofgoodwill | 497,934,936.37 |
| Impairmentreservesofgoodwillattributabletoshareholdersoftheparentcompany | 151,720,775.11 |
| Impairmentreservesofgoodwillaccruedinpreviousyears | |
| Impairmentlossongoodwillforthisyear | 151,720,775.11 |
[Note3]InstructionforgoodwillassetgroupandimpairmenttestofHefeiKinghomeElectricalCo.,Ltd.Duetothedifficultyinobtainingthemarketfairvalueofassetsorassetgroupscontaininggoodwilldirectly,theCompanycalculatestherecoverableamountoftheassetgroupsbythepresentvalueofexpectedfuturecashflow.Theexpectedcashflowisbasedonthepredictionoffuturecashflowofassetsorassetgroups.Otherkeydatausedinimpairmenttestincludeexpectedsalesrevenue,productioncosts,andotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentpredictions.ThediscountrateadoptedbytheCompanyisthepre-taxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.Theassetgroupcontaininggoodwillattheendofthisyearisconsistentwiththeassetgroupdeterminedwhengoodwillwasformedontheacquisitiondate,anditscompositionhasnotchanged.ThediscountrateadoptedbytheCompanytoexpectcashflowis11.47%,thegrowthrateofoperatingrevenueisexpectedtobe10%from2023to2027,andthegrowthrateinthestablestageis0.Accordingtothetestresults,therecoverableamountoftheassetgrouprelatedtogoodwillislessthantheidentifiablebookvalueoftheassetgroupandthebookvalueofallgoodwill,thusthegoodwillrequiresfullaccrualforimpairmentreserves.[Note4]InstructionforDunAnEnvironment'sgoodwillassetgroupandimpairmenttestUndertheRecoverableAmountItemsofZhejiangDunAnArtificialEnvironmentCo.,Ltd.'sAssetGroupsInvolvedGoodwillintheProposedGoodwillImpairmentTestofGreeElectricAppliances,Inc.ofZhuhai(ZLPBZ[2023]No.1150)issuedbyHubeiZhonglianAssetAppraisalCo.,Ltd.,thegoodwillformedbytheacquisitiondoesnotrequireaccrualforimpairmentreservesofgoodwillinthecurrentperiod.
1)InformationabouttheassetorassetgroupcombinationcontainingthegoodwillofDunAnEnvironmentTheassetsincludedintheappraisalscopeareassetsrelatedtotheconsolidatedgoodwillofZhejiangDunAnArtificialEnvironmentCo.,Ltd.,dividedintofourassetgroups:accessories,equipment,heatingengineering,andheatingmanagement,specificallyincludingfixedassets,constructioninprogress,right-to-useassets,intangibleassets,long-termdeferredexpenses,othernon-currentassets,andgoodwill.Forthisappraisal,therecoverableamountisselectedasthevaluetypeofthisappraisalreport.Therecoverableamountissubjecttothehigheronebetweenthenetamountdeductingdisposalexpensesfromthefairvalueoftheassetgrouporassetgroupscombinationcontaininggoodwillandthepresentvalueofexpectedfuturecashflows.
2)Importantassumptionsandkeyparametersofgoodwillimpairmenttest:
A.Supposethatthepropertyownercontinuestooperateaftertheappraisalbasedatemainlyinfourmajorsectorsofrefrigeration
accessories,refrigerationequipment,heatingengineering,andheatingmanagement;B.Supposethattherearenosignificantchangesinthepolitical,economic,andsocialenvironmentofthecountryandregionwherethepropertyownerislocatedaftertheappraisalbasedate;C.Supposethattherearenosignificantchangesinnationalmacroeconomicpolicies,industrialpolicies,andregionaldevelopmentpoliciesaftertheappraisalbasedate;D.Supposethattherearenosignificantchangesininterestrates,exchangerates,taxbasesandtaxrates,policycollectionfees,etc.relatedtothepropertyowneraftertheappraisalbasedate;E.Supposethatthemanagementofthepropertyowneraftertheappraisalbasedateisresponsible,stable,andcapableofassumingitsposition;F.Supposethatthepropertyownerfullycomplieswithallrelevantlawsandregulations;G.Supposethatthereisnoforcemajeurethathasasignificantadverseimpactonthepropertyowneraftertheappraisalbasedate;H.Supposethatthepropertyownermaintainsthesamebusinessscopeandmethodsascurrentlybasedonitsexistingmanagementmethodsandlevelsaftertheappraisalbasedate;I.Supposethatthetechnicalteamandseniorexecutivesofthepropertyownerremainrelativelystableaftertheappraisalbasedatewithoutsignificantlossofcoreprofessional;J.Supposethatthecashinflowsofthepropertyownerareaverageinflowswhilethecashoutflowsareaverageoutflows,andcashflowsaregeneratedinthemidtermofeachpredictionperiodaftertheappraisalbasedate;andK.Supposethatthereareneithersignificantchangesinthesupplyandpricesofrawmaterialsandauxiliarymaterialsconsumedbythepropertyownerforproductionandoperation,norsignificantchangesthatareunforeseeableintheproductpricesofthepropertyowner.
3)Appraisalresultsofgoodwillimpairmenttest
Unit:10thousandyuan
| Item | Bookvalueofassetgroupcontaininggoodwill | Recoverableamount | Increaseordecreaseinvalue | Valueaddedrate(%) |
| Accessoriessector | 461,126.23 | 722,327.07 | 261,200.84 | 56.64 |
| Equipmentsector | 28,961.85 | 47,971.74 | 19,009.89 | 65.64 |
| Heatingengineeringsector | 82,348.05 | 135,579.59 | 53,231.54 | 64.64 |
| Heatingmanagementsector | 25,556.30 | 69,947.85 | 44,391.55 | 173.70 |
| Total | 597,992.43 | 975,826.25 | 377,833.82 | 63.18 |
26.Long-termunamortizedexpenses
| Item | BeginningBalance | Increaseinthescopeofconsolidation | IncreasedAmountintheCurrentPeriod | AmortizationAmountintheCurrentPeriod | EndingBalance |
| Renovationcostsandothers | 18,724,025.74 | 20,239,298.84 | 11,638,469.85 | 27,739,400.53 | 22,862,393.90 |
| Total | 18,724,025.74 | 20,239,298.84 | 11,638,469.85 | 27,739,400.53 | 22,862,393.90 |
27.Deferredincometaxassets/deferredincometaxliabilities
(1)Deferredincometaxassetsnotoffset
| Item | EndingBalance | BeginningBalance | ||
| Deductibletemporarydifferences | Deferredincometaxassets | Deductibletemporarydifferences | Deferredincometaxassets | |
| Assetsimpairmentreserves | 6,643,992,630.67 | 1,130,458,707.56 | 5,526,051,132.93 | 934,860,835.60 |
| Deductiblelosses | 8,528,191,787.64 | 1,667,323,200.67 | 6,783,704,724.84 | 1,426,651,977.24 |
| Accruedexpenses | 74,646,872,375.32 | 11,202,831,506.36 | 70,642,488,124.58 | 10,603,767,691.88 |
| Payrollpayable | 1,488,929,099.06 | 230,456,696.17 | 1,342,012,620.97 | 207,941,829.63 |
| Item | EndingBalance | BeginningBalance | ||
| Deductibletemporarydifferences | Deferredincometaxassets | Deductibletemporarydifferences | Deferredincometaxassets | |
| Assetsamortization | 264,225,302.62 | 39,712,114.04 | 282,882,015.47 | 43,093,274.62 |
| Others | 1,805,828,315.54 | 328,084,645.43 | 2,866,665,758.43 | 445,534,163.71 |
| Total | 93,378,039,510.85 | 14,598,866,870.23 | 87,443,804,377.22 | 13,661,849,772.68 |
(2)Deferredincometaxliabilitiesnotoffset
| Item | EndingBalance | BeginningBalance | ||
| Taxabletemporarydifferences | Deferredincometaxliabilities | Taxabletemporarydifferences | Deferredincometaxliabilities | |
| Changesinfairvalueofderivativefinancialassets | 23,731,530.82 | 3,970,875.35 | 282,767,966.53 | 47,017,208.48 |
| Accruedinterest | 5,290,711,334.53 | 968,378,001.20 | 3,671,369,000.39 | 696,523,997.54 |
| Assetsamortization | 1,750,007,228.31 | 271,416,568.54 | 1,395,006,607.26 | 228,029,140.30 |
| Changesinfairvalueofotherequityinstrumentinvestments | 433,527,038.34 | 65,029,055.75 | 5,788,793,612.15 | 868,319,041.82 |
| Appraisedappreciationofconsolidatedassetsofenterprisesnotunderthecommoncontrol | 3,582,036,617.90 | 738,945,765.64 | 2,005,971,524.03 | 320,359,752.22 |
| Others | 732,645,089.17 | 177,387,477.26 | 535,300,948.02 | 133,663,373.43 |
| Total | 11,812,658,839.07 | 2,225,127,743.74 | 13,679,209,658.38 | 2,293,912,513.79 |
(3)Detailsofdeferredincometaxassetsnotrecognized
| Item | EndingBalance | BeginningBalance |
| Deductibletemporarydifferences | 3,281,958,579.26 | 2,649,057,873.48 |
| Deductiblelosses | 2,599,631,551.36 | 1,999,613,109.29 |
| Total | 5,881,590,130.62 | 4,648,670,982.77 |
(4)Thedeductiblelossesofdeferredincometaxassetsnotrecognizedwillbedueinthefollowingyears
| Year | InvestmentAmountattheEndofthePeriod | BeginningAmount |
| 2022 | 14,111,337.16 | |
| 2023 | 224,603,342.52 | 58,759,679.60 |
| 2024 | 762,961,760.88 | 37,615,022.30 |
| 2025 | 785,496,400.36 | 37,836,203.73 |
| 2026 | 115,411,404.36 | 73,328,698.01 |
| 2027 | 110,109,117.96 | |
| 2028 | 13,674,872.10 | |
| 2030 | 5,609,610.89 | |
| Open-ended | 581,765,042.29 | 1,777,962,168.49 |
| Year | InvestmentAmountattheEndofthePeriod | BeginningAmount |
| Total | 2,599,631,551.36 | 1,999,613,109.29 |
28.Othernon-currentassets
| Item | EndingBalance | BeginningBalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Advancepaymentsforequipment | 739,880,724.35 | 739,880,724.35 | 319,558,426.19 | 319,558,426.19 | ||
| Advanceprojectfundsandcashpledgeanddeposit | 286,681,230.43 | 30,808,387.19 | 255,872,843.24 | 357,562,564.75 | 357,562,564.75 | |
| Advanceland-transferringfeesandothers | 43,959,131.67 | 43,959,131.67 | 39,127,688.96 | 39,127,688.96 | ||
| Total | 1,070,521,086.45 | 30,808,387.19 | 1,039,712,699.26 | 716,248,679.90 | 716,248,679.90 | |
29.Short-termborrowings
(1)Classificationofshort-termborrowings
| Item | EndingBalance | BeginningBalance |
| Pledgeborrowings | 20,215,759,226.93 | 12,624,147,777.77 |
| Mortgagedborrowings | 438,390,000.00 | 2,252,700,000.00 |
| Guaranteedborrowings | 900,000,000.00 | |
| Creditborrowings | 31,117,982,271.80 | 12,586,183,086.85 |
| Subtotal | 52,672,131,498.73 | 27,463,030,864.62 |
| Accruedinterest | 223,719,789.19 | 154,889,683.49 |
| Total | 52,895,851,287.92 | 27,617,920,548.11 |
(2)Overdueandunpaidshort-termborrowings
None.
30.Loansfromotherbanks
| Item | EndingBalance | BeginningBalance |
| Creditlending | 300,000,000.00 | |
| Accruedinterest | 21,500.00 | |
| Total | 300,021,500.00 |
31.Derivativefinancialliabilities
| Item | EndingBalance | BeginningBalance |
| Forwardexchangecontract(FEC) | 184,811,894.98 | |
| Total | 184,811,894.98 |
32.Financialassetssoldforrepurchase
| Item | EndingBalance | BeginningBalance |
| Bonds(pledge-stylerepo) | 746,564,041.09 | |
| Total | 746,564,041.09 |
33.Depositsfromcustomersandinterbank
| Item | EndingBalance | BeginningBalance |
| Currentdeposits | 22,144,523.59 | 34,023,561.14 |
| Timedeposits | 190,606,127.38 | 142,684,338.50 |
| Subtotal | 212,750,650.97 | 176,707,899.64 |
| Accruedinterest | 6,360,418.64 | 5,974,006.10 |
| Total | 219,111,069.61 | 182,681,905.74 |
34.Notespayable
| Type | EndingBalance | BeginningBalance |
| Banker'sacceptancebill | 38,346,486,801.38 | 40,737,984,514.42 |
| Tradeacceptancedraft | 263,414,018.36 | 6,000,000.00 |
| Total | 38,609,900,819.74 | 40,743,984,514.42 |
35.Accountspayable
(1)Listofaccountspayable
| Item | EndingBalance | BeginningBalance |
| Paymentforgoodsandservices | 30,384,290,338.76 | 33,845,824,271.75 |
| Others | 2,471,781,150.11 | 2,029,266,639.30 |
| Total | 32,856,071,488.87 | 35,875,090,911.05 |
(2)Importantpayablesagedover1year
None.
36.Contractliabilities
| Item | EndingBalance | BeginningBalance |
| Loans | 14,972,336,715.45 | 15,505,499,178.75 |
| Total | 14,972,336,715.45 | 15,505,499,178.75 |
[Note]Contractliabilitiesmainlyconsistofadvancepaymentsfromdistributorsforgoods.
37.Payrollpayable
(1)Listofemployeeremunerationpayable
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| I.Short-termwagesandsalaries | 3,461,591,940.13 | 10,353,336,138.09 | 9,927,070,717.78 | 3,887,857,360.44 |
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| II.Separationbenefits-definedcontributionplan | 5,038,461.60 | 754,246,070.91 | 749,279,801.11 | 10,004,731.40 |
| Total | 3,466,630,401.73 | 11,107,582,209.00 | 10,676,350,518.89 | 3,897,862,091.84 |
(2)Listofshort-termwagesandsalaries
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| 1.Wages,bonuses,subsidiesandallowances | 2,484,156,586.96 | 8,760,446,445.85 | 8,449,651,564.06 | 2,794,951,468.75 |
| 2.Employeewelfare | 745,410,115.25 | 744,980,415.84 | 429,699.41 | |
| 3.Socialinsurancepremiums | 832,815.56 | 309,674,322.30 | 307,625,646.69 | 2,881,491.17 |
| Including:Medicalinsurancepremiums | 803,620.17 | 279,404,168.23 | 277,771,891.74 | 2,435,896.66 |
| Work-relatedinjuryinsurancepremiums | 28,249.19 | 21,764,416.28 | 21,477,188.61 | 315,476.86 |
| Maternityinsurancepremiums | 946.20 | 8,505,737.79 | 8,376,566.34 | 130,117.65 |
| 4.Housingprovidentfunds | 2,598,916.25 | 299,609,079.93 | 297,796,792.95 | 4,411,203.23 |
| 5.Laborunionexpendituresandemployeeeducationfunds | 974,003,621.36 | 238,196,174.76 | 127,016,298.24 | 1,085,183,497.88 |
| Total | 3,461,591,940.13 | 10,353,336,138.09 | 9,927,070,717.78 | 3,887,857,360.44 |
(3)Listofseparationbenefits?definedcontributionplan
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| 1.Basicendowmentinsurancepremiums | 3,884,232.96 | 726,387,893.38 | 721,309,024.35 | 8,963,101.99 |
| 2.Unemploymentinsurancepremiums | 1,154,228.64 | 27,858,177.53 | 27,970,776.76 | 1,041,629.41 |
| Total | 5,038,461.60 | 754,246,070.91 | 749,279,801.11 | 10,004,731.40 |
38.Taxesandduespayable
| Item | EndingBalance | BeginningBalance |
| Value-addedtax | 1,650,439,583.33 | 1,015,503,640.35 |
| Businessincometax | 1,856,871,168.58 | 961,029,463.82 |
| Others | 312,113,887.57 | 253,938,087.32 |
| Total | 3,819,424,639.48 | 2,230,471,191.49 |
39.Otherpayables
| Item | EndingBalance | BeginningBalance |
| Dividendspayable | 5,620,664,762.67 | 2,367,112.94 |
| Otherpayables[Note1] | 5,291,741,904.22 | 6,760,752,824.20 |
| Total | 10,912,406,666.89 | 6,763,119,937.14 |
[Note1]Otherpayablesinthetableaboverefertootherpayablesdeductinginterestspayableanddividendspayable;[Note2]TheCompanyhasnointerestspayableattheendandthebeginningoftheperiod.
(1)Dividendspayable
1)Dividendspayablelistedbynatureofpayment
| Item | EndingBalance | BeginningBalance |
| Commonstockdividends | 5,614,444,494.87 | 602,881.87 |
| Others | 6,220,267.80 | 1,764,231.07 |
| Total | 5,620,664,762.67 | 2,367,112.94 |
2)Importantdividendspayableagedover1year
None.
(2)Otherpayables
1)Otherpayableslistedbynatureofpayment
| Item | EndingBalance | BeginningBalance |
| Intercoursefunds | 2,485,922,439.12 | 3,018,271,527.82 |
| Cashpledgeanddeposit | 1,184,716,528.02 | 1,010,801,182.18 |
| Enterpriseborrowingandinterest | 1,621,102,937.08 | 2,731,680,114.20 |
| Total | 5,291,741,904.22 | 6,760,752,824.20 |
2)Otherimportantpayablesagedover1year
| Item | EndingBalance | Reasonsforfailingtorepayorcarry-over |
| Unit1 | 963,623,516.68 | Unsatisfiedrepaymentconditions |
| Unit2 | 295,003,644.66 | Unsatisfiedrepaymentconditions |
| Total | 1,258,627,161.34 |
40.Non-currentliabilitiesduewithinoneyear
| Item | EndingBalance | BeginningBalance |
| Long-termborrowingsduewithinoneyear | 1,226,863,474.75 | |
| Long-termpayablestobeduewithinoneyear | 188,387,613.61 | 16,958,747.82 |
| Leaseliabilitiesduewithin1year | 66,954,923.96 | 11,471,812.27 |
| Total | 255,342,537.57 | 1,255,294,034.84 |
41.Othercurrentliabilities
| Item | EndingBalance | BeginningBalance |
| Repaircost | 2,562,297,091.72 | 1,913,804,227.53 |
| Salesrebate | 52,515,732,341.58 | 52,669,278,982.00 |
| Obligationnotderecognizedtopaycommercialpapers | 40,578,585.03 | 852,128,009.63 |
| Outputtaxtobedeclared | 1,820,958,007.81 | 1,925,767,413.76 |
| Short-termbondspayable[Note] | 4,048,840,948.73 | |
| Others | 809,251,577.10 | 1,004,287,682.55 |
| Total | 57,748,817,603.24 | 62,414,107,264.20 |
[Note]Changesinshort-termbondspayableoftheCompanyinthecurrentperiodareasfollows:
| AbbreviationofBond | FaceValue | IssuingDate | BondDuration | AmountIssued | BeginningBalance | CurrentIssuance | AccruedInterestatNominalValue | AmortizationofthePremiumsandDiscounts | CurrentRepayment | EndingBalance |
| 21GreeElectricAppliancesSCP009 | 4,000,000,000.00 | 2021/7/9 | 177days | 4,000,000,000.00 | 4,048,840,948.73 | 1,424,657.52 | 167,270.46 | 4,050,432,876.71 | ||
| Total | 4,000,000,000.00 | 4,000,000,000.00 | 4,048,840,948.73 | 1,424,657.52 | 167,270.46 | 4,050,432,876.71 |
42.Long-termborrowings
| Item | EndingBalance | BeginningBalance |
| Pledgeborrowings | 3,312,962,532.03 | 133,082,315.96 |
| Mortgagedborrowings | 2,718,972,309.96 | 2,303,590,315.07 |
| Creditborrowings | 24,721,907,621.41 | 7,726,847,919.32 |
| Subtotal | 30,753,842,463.40 | 10,163,520,550.35 |
| Accruedinterest | 30,398,747.81 | 24,207,182.70 |
| Less:Long-termborrowingsduewithinoneyear | 1,226,863,474.75 | |
| Total | 30,784,241,211.21 | 8,960,864,258.30 |
43.Leaseliabilities
| Item | EndingBalance | BeginningBalance |
| Leaseliabilities | 213,791,544.62 | 14,785,264.79 |
| Less:Leaseliabilitiesduewithin1year | 66,954,923.96 | 11,471,812.27 |
| Total | 146,836,620.66 | 3,313,452.52 |
44.Long-termpayables
| Item | EndingBalance | BeginningBalance |
| Financialliabilitiesformedafterafter-salesrepurchase | 274,393,778.81 | 463,153,339.74 |
| Others | 18,638,250.00 | |
| Subtotal | 293,032,028.81 | 463,153,339.74 |
| Less:Long-termpayablesduewithin1year | 188,387,613.61 | 16,958,747.82 |
| Total | 104,644,415.20 | 446,194,591.92 |
45.Long-termpayrollpayable
(1)Tableoflong-termpayrollpayable
| Item | EndingBalance | BeginningBalance |
| Netliabilitiesofseparationbenefits?definedbenefitplan | 175,712,728.00 | 164,408,471.00 |
| Total | 175,712,728.00 | 164,408,471.00 |
(2)Changesinthedefinedbenefitplan
1)Presentvalueofobligationsunderthedefinedbenefitplan:
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| I.Beginningbalance | 164,408,471.00 | 149,859,788.00 |
| II.Definedbenefitcostincludedinthecurrentprofitsandlosses | 8,733,357.00 | 7,930,751.00 |
| 1.Servicecostsinthecurrentperiod | 2,945,591.00 | 2,611,662.00 |
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| 2.Netinterest | 5,241,236.00 | 5,141,391.00 |
| 3.Impactofaddingnewpersonnel | 546,530.00 | 177,698.00 |
| III.Definedbenefitcostincludedinothercomprehensiveincome | 8,601,949.00 | 12,391,783.00 |
| Including:actuarialgains(lossesexpressedwith"?") | 8,601,949.00 | 12,391,783.00 |
| IV.Otherchanges | -6,031,049.00 | -5,773,851.00 |
| Including:Paidbenefits | -6,031,049.00 | -5,773,851.00 |
| V.Endingbalance | 175,712,728.00 | 164,408,471.00 |
2)Netliabilities(netassets)ofthedefinedbenefitplan:
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| I.Beginningbalance | 164,408,471.00 | 149,859,788.00 |
| II.Definedbenefitcostincludedinthecurrentprofitsandlosses | 8,733,357.00 | 7,930,751.00 |
| III.Definedbenefitcostincludedinothercomprehensiveincome | 8,601,949.00 | 12,391,783.00 |
| IV.Otherchanges | -6,031,049.00 | -5,773,851.00 |
| V.Endingbalance | 175,712,728.00 | 164,408,471.00 |
(3)Thedescriptionsofcontentsandassociatedrisksofthedefinedbenefitplan,anditsinfluencesontheCompany’sfuturecashflow,timeanduncertaintyareasfollows:
1)Descriptionsofcontentsandassociatedrisksofthedefinedbenefitplan,anditsinfluencesontheCompany’s
futurecashflow,timeanduncertaintyTheCompany’sdefinedbenefitplanisasupplementarypost-retirementbenefitplanforsomeretirees,earlyretireesandservingofficersafternormalretirement.Giventhattheamountinvolvedinthedefinedbenefitplanisnotsignificant,itcannothaveasignificantimpactontheCompany'sfuturecashflow.
2)DescriptionsofsignificantactuarialassumptionsandsensitivityanalysisresultsofthedefinedbenefitplanUndertherequirementsoftheAccountingStandardsforBusinessEnterprisesNo.9?EmployeeCompensation,thediscountrateadoptedbytheCompanyatthetimeofdiscountisrecognizedbythemarketyieldsofhigh-qualitycorporatebondsinthetreasurybondsoractivemarketthatmatchtheobligatorytermandcurrencyofthedefinedbenefitplanonthebalancesheetdate;theannualgrowthratesandannualdismissalratesofallbenefitsarebasedontheactualmeasurementdataoftheCompany;andthedeathrateisrecognizedbyreferringtotheexperiencelifetableforinsurancebusinessofChinaLifeInsurance(Group)Company.
46.Deferredincome
(1)Classificationofdeferredincome
| Item | BeginningBalance | Increaseinthescopeofconsolidation | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Governmentgrants | 2,696,087,968.70 | 76,540,692.48 | 779,587,473.59 | 217,138,167.38 | 3,335,077,967.39 |
| Others | 6,565,929.08 | 1,432,566.24 | 5,133,362.84 | ||
| Total | 2,702,653,897.78 | 76,540,692.48 | 779,587,473.59 | 218,570,733.62 | 3,340,211,330.23 |
(2)Projectsinvolvedgovernmentgrants
| Item | BeginningBalance | Increaseinthescopeofconsolidation | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| I.Incomerelatedgovernmentgrants | 211,352,066.99 | 27,063,958.35 | 62,666,507.37 | 175,749,517.97 | |
| Including:environmentalprotectionupgradeproject | 25,293,633.39 | 242,090.00 | 25,371,575.24 | 164,148.15 | |
| Scientificresearchprojectinrefrigeratingfield | 125,237,434.76 | 23,518,607.64 | 21,533,687.95 | 127,222,354.45 | |
| Others | 60,820,998.84 | 3,303,260.71 | 15,761,244.18 | 48,363,015.37 | |
| II.Assetsrelatedgovernmentgrants | 2,484,735,901.71 | 76,540,692.48 | 752,523,515.24 | 154,471,660.01 | 3,159,328,449.42 |
| Including:environmentalprotectionupgradeproject | 26,428,380.36 | 1,000,000.00 | 47,170,000.00 | 2,071,336.27 | 72,527,044.09 |
| Scientificresearchprojectinrefrigeratingfield | 1,229,636,966.93 | 71,299,025.81 | 687,390,302.59 | 66,883,173.92 | 1,921,443,121.41 |
| Energyvehicleproject | 1,168,973,209.04 | 4,241,666.67 | 6,060,000.00 | 78,050,339.55 | 1,101,224,536.16 |
| Others | 59,697,345.38 | 11,903,212.65 | 7,466,810.27 | 64,133,747.76 | |
| Total | 2,696,087,968.70 | 76,540,692.48 | 779,587,473.59 | 217,138,167.38 | 3,335,077,967.39 |
47.Sharecapital
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Totalnumberofstocks | 5,914,469,040.00 | 283,063,299.00 | 5,631,405,741.00 | |
| Total | 5,914,469,040.00 | 283,063,299.00 | 5,631,405,741.00 |
[Note]OnJuly5,2022,thephaseIreposharesoftheCompanywerecancelled62,031,280shares,withanamountofRMB3,434,775,443.23,resultinginadecreaseofRMB62,031,280.00intheCompany'ssharecapital;onJuly5,2022,thephaseIIIreposharesoftheCompanywerecancelled221,032,019shares,withanamountofRMB10,500,935,202.34,resultinginadecreaseofRMB221,032,019.00intheCompany'ssharecapital.ThephasesIandIIIreporesultedinatotaldecreaseofRMB283,063,299.00insharecapital,RMB13,935,710,645.57intreasuryshares,RMB1,983,727,107.74instatutorysurplusreserves,andRMB11,668,920,238.83inundistributedprofits.
48.Capitalreserves
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Othercapitalreserves | 125,874,127.56 | 370,227,884.10 | 496,102,011.66 | |
| Total | 125,874,127.56 | 370,227,884.10 | 496,102,011.66 |
[Note]Theexpensesofcurrentallocationofequityincentives?employeestockownershipplanresultedinanincreaseofRMB370,227,884.10inothercapitalreserves.
49.Treasuryshare
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Reposhare | 19,579,646,233.43 | 13,935,710,645.57 | 5,643,935,587.86 | |
| Total | 19,579,646,233.43 | 13,935,710,645.57 | 5,643,935,587.86 |
[Note]ForthereasonsforchangesintheTreasuryshareinthecurrentperiod,seeNoteV47CapitalShares
50.Othercomprehensiveincome
| Item | BeginningBalance | Amountincurredinthecurrentperiod | EndingBalance | |||||
| Amountincurredbeforeincometaxinthecurrentperiod | Less:Amountincludedinothercomprehensiveincomeinpreviousperiodbuttransferredtotheprofitsandlossesincurrentperiod | Less:Amountincludedinothercomprehensiveincomeinpreviousperiodbuttransferredtoretainedearningsincurrentperiod | Less:Incometaxexpenses | Amountattributabletotheparentcompanyaftertax | Amountattributabletominorityshareholdersaftertax | |||
| I.Othercomprehensiveincomecannotbereclassifiedintoprofitsandlosses | 11,246,551,526.93 | -10,190,145,665.11 | 42,815,409.78 | -803,289,986.07 | -9,426,072,167.28 | -3,598,921.54 | 1,820,479,359.65 | |
| Changesarisingfromremeasurementofthedefinedbenefitplan | -63,406,277.00 | -8,601,949.00 | -8,601,949.00 | -72,008,226.00 | ||||
| Othercomprehensiveincomethatcannotbetransferredtoprofitsandlossesundertheequitymethod | 6,849,401,769.67 | -4,751,228,038.23 | 1,750,396.55 | -4,749,379,513.24 | -3,598,921.54 | 2,100,022,256.43 | ||
| Changesinfairvalueofotherequityinstrumentinvestments | 4,460,556,034.26 | -5,430,315,677.88 | 41,065,013.23 | -803,289,986.07 | -4,668,090,705.04 | -207,534,670.78 | ||
| II.Othercomprehensiveincometobereclassifiedintoprofitsandlosses | -42,547,171.66 | 303,893,895.75 | 30,494,425.00 | 1,598,959.66 | 264,969,417.05 | 6,831,094.04 | 222,422,245.39 | |
| Othercomprehensiveincomethatcanbetransferredtoprofitsandlossesundertheequitymethod | -208,819.44 | -208,819.44 | ||||||
| Changesinfairvalueofotherdebtinvestments | -59,989,163.67 | 72,240,687.37 | 5,982,645.91 | 51,928,741.98 | 14,329,299.48 | -8,060,421.69 | ||
| Reservesforcreditimpairmentofotherdebtinvestments | -12,440,164.58 | -3,667,360.51 | -8,772,804.07 | -3,667,360.51 | ||||
| Cashflowhedgingreserves | 25,920,261.25 | 1,269,850.00 | 30,494,425.00 | -4,383,686.25 | -24,846,643.18 | 5,754.43 | 1,073,618.07 | |
| Differencearisingfromtranslationoffinancialstatementsinforeigncurrency | -8,269,449.80 | 242,823,522.96 | 241,554,678.76 | 1,268,844.20 | 233,285,228.96 | |||
| Totalothercomprehensiveincome | 11,204,004,355.27 | -9,886,251,769.36 | 30,494,425.00 | 42,815,409.78 | -801,691,026.41 | -9,161,102,750.23 | 3,232,172.50 | 2,042,901,605.04 |
51.Specialreserves
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Safeproductionexpenses | 22,403,846.26 | 6,207,315.33 | 2,765,810.31 | 25,845,351.28 |
| Total | 22,403,846.26 | 6,207,315.33 | 2,765,810.31 | 25,845,351.28 |
52.Surplusreserves
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Statutorysurplusreserves | 1,983,727,107.74 | 2,241,118,692.92 | 1,983,727,107.74 | 2,241,118,692.92 |
| Total | 1,983,727,107.74 | 2,241,118,692.92 | 1,983,727,107.74 | 2,241,118,692.92 |
[Note1]Thereasonfortheincreaseinsurplusreservesinthecurrentperiodisasfollows:①Undertheregulations,theCompanyaccruedastatutorysurplusreservesofRMB2,237,070,151.57basedon10%oftheparentcompany'snetprofitsinthecurrentperiod.②ThetransferofothercomprehensiveincometoretainedearningsresultedinanincreaseofRMB4,048,541.35tothesurplusreserve.[Note2]Forthereasonsfordecreaseinthesurplusreserveinthisperiod,seethisNoteV47CapitalShares.
53.Generalriskprovisions
| Item | BeginningBalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | EndingBalance |
| Generalriskprovisions | 505,599,356.30 | 1,623,761.10 | 507,223,117.40 | |
| Total | 505,599,356.30 | 1,623,761.10 | 507,223,117.40 |
54.Undistributedprofits
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Beginningundistributedprofit | 103,475,223,000.17 | 102,841,596,377.66 |
| Beginningundistributedprofitafteradjustment | 103,475,223,000.17 | 102,841,596,377.66 |
| Add:Netprofitattributabletoownersoftheparentcompanyforthecurrentperiod | 24,506,623,782.46 | 23,063,732,372.62 |
| Less:Withdrawalofstatutorysurplusreserves | 2,237,070,151.57 | 1,983,727,107.74 |
| Withdrawalofgeneralriskreserves | 1,623,761.10 | 8,023,584.04 |
| Commonsharedividendspayable[Notes1] | 22,223,874,812.00 | 16,752,531,495.00 |
| Influenceofshare-basedpaymentandsharecancellation[Note2] | 11,668,920,238.83 | 3,794,252,950.50 |
| Purchaseofminorityshareholder'sequityinsubsidiaries[Note3] | 428,720,730.49 | |
| Add:Amounttransferredfromothercomprehensiveincometoretainedearnings | 36,436,872.17 | 108,429,387.17 |
| Endingundistributedprofit | 91,458,073,960.81 | 103,475,223,000.17 |
[Note1]TheamountofcommonsharedividendspayablebytheCompanythisyearisRMB22,223,874,812.00,asdetailedbelow:
①UndertheresolutionsofthegeneralmeetingofshareholdersonFebruary28,2022,theCompanydistributedcashdividendstoallshareholdersatarateofRMB10.00(taxinclusive)per10shares.Basedonthesharesdeductingreposhares(theCompanyhascumulativelyrepurchasedatotalof377,791,307)inthespecialaccountforrepofromtheCompany'stotalcapitalsharesof5,914,469,040,RMB5,536,677,733.00ofcashdividendsshouldbeactuallydistributed.
②UndertheresolutionsofthegeneralmeetingofshareholdersonJune7,2022,theCompanydistributedcashdividendstoallshareholdersatarateofRMB20.00(taxinclusive)per10shares.Basedonthesharesdeductingreposhares(theCompanyhas
cumulativelyrepurchasedatotalof377,791,307)inthespecialaccountforrepofromtheCompany'stotalcapitalsharesof5,914,469,040,RMB11,073,355,466.00ofcashdividendsshouldbeactuallydistributed.
③UndertheresolutionsofthegeneralmeetingofshareholdersonDecember28,2022,theCompanydistributedcashdividendstoallshareholdersatarateofRMB10.00(taxinclusive)per10shares.Basedonthesharesdeductingreposhares(theCompanyhascumulativelyrepurchasedatotalof17,564,128)inthespecialaccountforrepofromtheCompany'stotalcapitalsharesof5,631,405,741,RMB5,613,841,613.00ofcashdividendsshouldbeactuallydistributed.[Note2]FortheinfluenceoftheCompany'ssharecancellationinthisperiodontheundistributedprofits,seethisNoteV47CapitalShares.[Note3]Thepurchaseofminorityshareholders'equityinasubsidiary,insufficientcapitalreserveoffset,andoffsetretainedearningshavetotalinfluenceonundistributedprofitofRMB428,720,730.49.
55.Operatingrevenuesandcosts
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 153,165,839,566.10 | 105,573,859,862.27 | 144,840,537,601.90 | 101,021,238,221.75 |
| Otherbusiness | 35,822,543,140.58 | 34,210,528,020.51 | 43,028,337,290.81 | 41,230,400,368.12 |
| Total | 188,988,382,706.68 | 139,784,387,882.78 | 187,868,874,892.71 | 142,251,638,589.87 |
Informationrelatedtotherevenuesfrommainbusiness:
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Classifiedbyindustry | ||||
| Manufacturingindustry | 153,165,839,566.10 | 105,573,859,862.27 | 144,840,537,601.90 | 101,021,238,221.75 |
| Total | 153,165,839,566.10 | 105,573,859,862.27 | 144,840,537,601.90 | 101,021,238,221.75 |
| Classifiedbyproducttype | ||||
| Including:Airconditioner | 134,859,394,542.06 | 91,116,284,416.91 | 131,712,664,218.81 | 90,576,252,210.44 |
| Homeappliance | 4,567,901,238.21 | 3,051,711,250.15 | 4,881,607,693.72 | 3,262,705,849.18 |
| Industrialproducts | 7,599,259,996.39 | 6,057,662,877.96 | 3,194,552,084.04 | 2,604,593,659.63 |
| Smartdevice | 432,085,871.36 | 303,247,852.63 | 857,741,120.95 | 606,116,653.12 |
| Greenenergy | 4,701,188,530.73 | 4,077,474,678.11 | 2,907,445,769.91 | 2,729,740,202.70 |
| Others | 1,006,009,387.35 | 967,478,786.51 | 1,286,526,714.47 | 1,241,829,646.68 |
| Total | 153,165,839,566.10 | 105,573,859,862.27 | 144,840,537,601.90 | 101,021,238,221.75 |
| Classifiedbyregion | ||||
| Including:Salesindomesticmarket | 129,895,113,805.01 | 85,650,631,599.13 | 122,305,111,567.10 | 80,703,210,957.38 |
| Exportsales | 23,270,725,761.09 | 19,923,228,263.14 | 22,535,426,034.80 | 20,318,027,264.37 |
| Total | 153,165,839,566.10 | 105,573,859,862.27 | 144,840,537,601.90 | 101,021,238,221.75 |
56Interestincomeandinterestexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Interestincome | 1,162,289,741.08 | 1,785,060,001.28 |
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Including:Interestincomefromdepositsinotherbanksandcentralbanks | 900,104,771.54 | 967,523,971.58 |
| Interestincomefromissuanceofloansandadvances | 46,543,226.92 | 642,933,336.95 |
| Others | 215,641,742.62 | 174,602,692.75 |
| Interestexpense | 82,118,835.96 | 523,238,956.03 |
| Including:Expensesfromtransactionswithfinancialinstitutions | 63,728,710.63 | 492,270,450.54 |
| Others | 18,390,125.33 | 30,968,505.49 |
| Netinterestincome | 1,080,170,905.12 | 1,261,821,045.25 |
57.Taxesandsurcharges
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Urbanmaintenance&constructiontax | 410,993,531.12 | 192,741,080.66 |
| Educationsurcharge | 296,533,867.57 | 140,987,749.25 |
| Buildingtax | 242,591,473.78 | 182,944,167.04 |
| Landusetax | 150,191,753.52 | 114,448,407.21 |
| Braziliancommoditycirculationtaxandindustrialproducttax | 195,858,846.36 | 93,622,542.23 |
| Fundsfordisposalofwasteelectricappliances | 114,588,410.41 | 189,225,358.89 |
| Others | 201,485,526.64 | 162,695,156.50 |
| Total | 1,612,243,409.40 | 1,076,664,461.78 |
58.Salesexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Salesexpenses | 11,285,451,112.27 | 11,581,735,617.31 |
| Total | 11,285,451,112.27 | 11,581,735,617.31 |
[Note]In2022,thesalesexpensesmainlyincludedtheinstallationandmaintenanceexpenses,transportation,warehousingexpenses,andloadingandunloadingfee,andpromotionexpenses,totallyaccountingformorethan80%ofthetotalsalesexpenses.
59.Administrativeexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Administrativeexpenses | 5,267,999,733.62 | 4,051,241,003.05 |
| Total | 5,267,999,733.62 | 4,051,241,003.05 |
[Note]In2022,theoverheadexpensesincludedtheemployees'remuneration,materialconsumption,depreciationandamortization,totallyaccountingformorethan80%ofthetotaloverheadexpenses.
60.R&Dexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| R&Dexpenses | 6,281,394,430.40 | 6,296,715,941.03 |
| Total | 6,281,394,430.40 | 6,296,715,941.03 |
[Note]In2022,theR&Dexpensesmainlyincludedtheemployees'laborcostanddirectinvestmentcost,accountingformorethan80%
ofthetotalR&Dexpenses.
61.Financialexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Interestexpense[Note1] | 2,836,743,431.08 | 1,752,112,003.72 |
| Less:Interestincome[Note2] | 4,646,747,718.69 | 4,242,449,764.06 |
| Exchangeprofitsandlosses | -500,019,034.67 | 99,198,910.38 |
| Commissions | 97,740,063.96 | 125,651,596.78 |
| Interestexpensefordefinedbenefitobligation | 5,241,236.00 | 5,141,391.00 |
| Others | 277,430.67 | 143,865.00 |
| Total | -2,206,764,591.65 | -2,260,201,997.18 |
[Note1]Theaboveinterestexpensesincludeborrowinginterestexpensesanddiscountinterestexpenses;[Note2]BoththeaboveinterestincomeandtheinterestincomeinthisNoteV.56InterestIncomeandInterestexpensesarecapitalincome.
62.Otherincome
(1)Classificationofotherincome
| Sourcesofotherincome | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | Amountincludedinnon-recurringprofitsandlossesinthecurrentperiod |
| Governmentgrants | 866,364,721.39 | 818,485,990.31 | 835,673,515.67 |
| Commissionsrefundofindividualincometaxandothers | 13,444,790.66 | 13,691,263.12 | 13,444,790.66 |
| Total | 879,809,512.05 | 832,177,253.43 | 849,118,306.33 |
(2)Governmentsubsidiesincludedintheprofitsandlossesinthecurrentperiod
| Subsidyitems | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | Asset-related/income-related |
| Financialrewards | 455,614,156.67 | 268,054,381.05 | Relatedtoassetsandincome |
| Financialsubsidiesfordevelopmentprojects | 162,972,714.60 | 157,603,446.43 | Relatedtoassetsandincome |
| Subsidyincomefortechnicaltransformation | 69,632,210.10 | 99,160,068.06 | Relatedtoassetsandincome |
| Humanresourcessubsidy | 71,392,830.31 | 117,247,050.67 | Relatedtoincome |
| Others | 106,752,809.71 | 176,421,044.10 | Relatedtoassetsandincome |
| Total | 866,364,721.39 | 818,485,990.31 |
63.Incomefrominvestment
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Long-termequityinvestmentincomemeasuredbytheequitymethod | -3,324,287.24 | 51,594,928.82 |
| Investmentincomefromderivativefinancialinstruments | 5,308,155.89 | 260,896,892.48 |
| Investmentincomerecognizedfromtradingfinancialinstruments | 12,797,272.64 | 35,466,278.80 |
| Investmentincomerecognizedfromotherequityinstrumentinvestments | 45,123,901.66 | 42,877,391.69 |
| Others | 26,978,898.79 | 131,227,730.79 |
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Total | 86,883,941.74 | 522,063,222.58 |
64.Incomefromchangesinfairvalue
| Sourcesofincomefromchangesinfairvalue | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Tradingfinancialassetsandinstruments | 59,588,240.62 | -2,542,451.16 |
| Derivativefinancialinstruments | -389,491,823.26 | -70,951,646.94 |
| Others | -13,672,122.47 | 15,363,553.00 |
| Total | -343,575,705.11 | -58,130,545.10 |
65.Creditimpairmentlosses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Baddebtlosses | -504,912,773.22 | -179,275,078.48 |
| Impairmentlossesofloansandadvances | 88,544,000.00 | 28,294,208.74 |
| Total | -416,368,773.22 | -150,980,869.74 |
66.Assetimpairmentlosses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Impairmentlossesofcontractassets | -41,268,491.89 | -28,587,466.72 |
| Inventoryfallingpricelosses | -682,224,437.94 | -470,468,223.45 |
| Goodwillimpairmentlosses | -246,572,327.43 | -107,051,151.70 |
| Impairmentlossesoftheconstructioninprogress | -54,413.75 | |
| Otherassetimpairmentlosses | 3,386,247.75 | |
| Total | -966,679,009.51 | -606,161,255.62 |
67.Incomefromdisposalofassets
| Sourceofincomefromdisposalofassets | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Gainsfromdisposalofnon-currentassets(lossesexpressedwith"?") | 608,425.71 | 6,212,295.19 |
| Total | 608,425.71 | 6,212,295.19 |
68.Non-operatingrevenues
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | Amountincludedinnon-recurringprofitsandlossesinthecurrentperiod |
| Governmentsubsidiesrelatedtonon-operation | 11,816,261.51 | 83,322,120.02 | 11,816,261.51 |
| Netprofitfromdestructionscrapofnon-currentassets | 580,724.89 | 737,924.23 | 580,724.89 |
| Including:Gainsfromdisposaloffixedassets | 580,724.89 | 737,924.23 | 580,724.89 |
| Others | 47,413,344.96 | 70,261,732.62 | 47,413,344.96 |
| Total | 59,810,331.36 | 154,321,776.87 | 59,810,331.36 |
Governmentsubsidiesincludedinthecurrentprofitsandlosses:
| Subsidyitems | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | Amountincludedinnon-recurringprofitsandlossesinthecurrentperiod |
| Financialrewards | 11,796,911.91 | 83,289,185.02 | 11,796,911.91 |
| Others | 19,349.60 | 32,935.00 | 19,349.60 |
| Total | 11,816,261.51 | 83,322,120.02 | 11,816,261.51 |
69.Non-operatingexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | Amountincludedinnon-recurringprofitsandlossesinthecurrentperiod |
| Netlossesfromdestructionscrapofnon-currentassets | 53,809,736.38 | 16,698,680.87 | 53,809,736.38 |
| Including:Netlossesfromdestructionscrapoffixedassets | 42,611,579.47 | 16,698,680.87 | 42,611,579.47 |
| Others | 72,712,838.55 | 11,750,889.43 | 72,712,838.55 |
| Total | 126,522,574.93 | 28,449,570.30 | 126,522,574.93 |
70.Incometaxexpenses
(1)Tableofincometaxexpenses
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Incometaxexpensesinthecurrentperiod | 4,911,250,568.93 | 3,952,404,363.46 |
| Deferredincometaxexpenses | -705,210,079.43 | 18,939,502.22 |
| Total | 4,206,040,489.50 | 3,971,343,865.68 |
(2)Adjustmentofaccountingprofitsandincometaxexpenses
| Item | Amountincurredinthecurrentperiod |
| Totalprofits | 27,217,384,842.61 |
| Incometaxexpensescalculatedatthestatutory/applicabletaxrate | 4,082,607,726.39 |
| Impactbydifferenttaxratesapplicabletosubsidiaries | -11,660,212.13 |
| Impactbynon-deductiblecosts,expensesandlosses | 85,015,238.51 |
| Impactofdeductibletemporarydifferencesordeductiblelossesonunrecognizeddeferredincometaxassetsinthecurrentyear | 347,814,323.49 |
| Others | -297,736,586.76 |
| Incometaxexpenses | 4,206,040,489.50 |
71.Itemsofcashflowstatement
(1)Othercashreceivedrelatedtooperatingactivities
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Governmentgrants | 1,505,716,278.65 | 1,975,966,016.65 |
| Interestincome | 232,202,309.34 | 188,322,311.64 |
| Netdecreaseinbillpledgedepositsandguaranteedeposits | 630,231,744.37 | 377,056,472.79 |
| Cashpledge,depositandothers | 1,519,632,130.33 | 1,397,356,516.94 |
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Total | 3,887,782,462.69 | 3,938,701,318.02 |
(2)Othercashpaymentrelatedtooperatingactivities
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Cashpaymentsforsalesexpenses | 7,472,508,694.30 | 9,807,177,220.69 |
| CashpaymentsforoverheadexpensesandR&Dexpenses | 1,687,485,005.09 | 1,355,681,755.66 |
| Returnofadvanceprojectfunds | 201,388,556.08 | 166,827,066.61 |
| Paymentofperformance,bidsecurity,andothers | 1,125,497,555.86 | 1,395,517,552.83 |
| Total | 10,486,879,811.33 | 12,725,203,595.79 |
(3)Othercashreceivedrelatedtoinvestmentactivities
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Fixeddepositinterestincome | 3,443,556,899.78 | 3,268,809,334.30 |
| Netdecreaseinfixeddepositsandothers | 44,582,777,861.75 | |
| Total | 3,443,556,899.78 | 47,851,587,196.05 |
(4)Othercashpaymentrelatedtoinvestmentactivities
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Netincreaseintimedepositsandpaymentforforwardforeignexchangesettlement | 26,009,551,043.69 | |
| Others | 39,078,603.18 | 10,532,866.10 |
| Total | 26,048,629,646.87 | 10,532,866.10 |
(5)Othercashpaymentrelatedtofinancingactivities
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Receivedsubscriptionsforemployeestockownershipplan | 1,143,534,793.64 | |
| Others | 20,000,000.00 | |
| Total | 20,000,000.00 | 1,143,534,793.64 |
(6)Othercashpaymentrelatedtofinancingactivities
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Netincreaseinpledgedepositsonborrowings | 12,253,655,898.35 | 16,441,927,495.00 |
| Cashpaymentforreposhares | 21,819,537,788.45 | |
| Others | 1,425,089,651.60 | 1,645,086,434.41 |
| Total | 13,678,745,549.95 | 39,906,551,717.86 |
72.Supplementaryforcashflowstatement
(1)Supplementaryforcashflowstatement
| Supplementary | Amountinthecurrentperiod | Amountinthepreviousperiod |
| 1.Adjustmentofnetprofittocashflowfromoperatingactivities: | ||
| NetProfits | 23,011,344,353.11 | 22,831,893,632.89 |
| Add:Assetsandcreditimpairmentreverses | 1,383,047,782.73 | 757,142,125.36 |
| Depreciationoffixedassets,depreciationofinvestmentrealestate,andamortizationofright-to-useassets | 4,597,938,791.84 | 3,476,137,137.22 |
| Amortizationofintangibleassets | 372,007,224.51 | 168,287,721.43 |
| Lossesondisposaloffixedassets,intangibleassetsandotherlong-termassets(incomeexpressedwith“?”) | -608,425.71 | -6,212,295.19 |
| Lossfromscrappingfixedassets(incomeexpressedwith“?”) | 53,229,011.49 | 15,960,756.64 |
| Lossesfromchangesinfairvalue(incomeexpressedwith“?”) | 343,575,705.11 | 58,130,545.10 |
| Financialexpenses(incomeexpressedwith“?”) | -3,022,815,788.07 | -2,206,918,302.50 |
| Investmentlosses(incomeexpressedwith“?”) | -86,883,941.74 | -522,063,222.58 |
| Decreaseindeferredincometaxassets(increaseexpressedwith“?”) | -897,724,577.56 | -201,498,429.60 |
| Increaseindeferredincometaxliabilities(decreaseexpressedwith“?”) | 192,514,498.13 | 220,437,931.82 |
| Decreaseofinventories(increaseexpressedwith“?”) | 5,509,950,723.66 | -13,233,904,716.97 |
| Decreaseinoperatingreceivables(increaseexpressedwith“?”) | 6,522,203,496.59 | -2,983,553,411.83 |
| Increaseinoperatingpayables(decreaseexpressedwith“?”) | -10,082,543,299.83 | -7,479,006,628.48 |
| Others[Note] | 773,200,367.01 | 999,530,415.41 |
| Netcashflowsfromoperatingactivities | 28,668,435,921.27 | 1,894,363,258.72 |
| 2.Majorinvestmentandfinancingactivitiesnotinvolvingcashreceiptsandpayment: | -- | |
| Conversionofdebtintocapital | ||
| Convertiblebondsduewithinoneyear | ||
| Fixedassetsunderfinancinglease | ||
| 3.Netchangesincashandcashequivalents: | -- | |
| Endingbalanceofcash | 31,754,656,695.61 | 29,951,743,758.00 |
| Less:Beginningbalanceofcash | 29,951,743,758.00 | 24,225,049,638.15 |
| Add:Endingbalanceofcashequivalents | ||
| Less:Beginningbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | 1,802,912,937.61 | 5,726,694,119.85 |
[Note]"Others"includesthedecreaseofRMB142,968,622.64instatutorydepositreservesandthenetdecreaseofRMB630,231,744.37inbilldeposits.
(2)Netcashpaymentforacquisitionofsubsidiariesinthecurrentperiod
| Item | Amount |
| Cashorcashequivalentpaymentforbusinesscombinationthatoccurredinthecurrentperiod | 2,423,031,350.00 |
| Including:Bankdeposits | 2,423,031,350.00 |
| Less:Cashandcashequivalentsheldbythesubsidiaryontheacquisitiondate | 391,669,981.58 |
| Netcashpaymentforacquisitionofsubsidiaries | 2,031,361,368.42 |
(3)Netcashfromdisposalofsubsidiariesthisyear
| Item | Amount |
| Cashorcashequivalentsfromthedisposalofsubsidiariesthisyear | |
| Add:Cashorcashequivalentsreceivedthisyearfromthedisposalofsubsidiariesinthepreviousperiod | 67,258,353.52 |
| Netcashfromdisposalofsubsidiaries | 67,258,353.52 |
(4)Compositionofcashandcashequivalents
| Item | EndingBalance | BeginningBalance |
| I.Monetaryfunds | 157,484,332,251.39 | 116,939,298,776.87 |
| Including:Cashonhand | 678,327.53 | 1,021,935.16 |
| Bankdepositsforpaymentatanytime | 12,976,313,644.11 | 7,036,671,283.79 |
| Othermonetaryfundsforpaymentatanytime | 342,302,803.81 | 282,159,290.47 |
| Depositsinthecentralbankforpaymentatanytime | 6,311,554.32 | 2,052,759.35 |
| Depositsinotherbanksforpaymentatanytime | 18,429,050,365.84 | 22,629,838,489.23 |
| Timedepositsandaccruedinterestnotinthecategoryofcashandcashequivalents | 76,514,578,051.75 | 49,658,731,669.74 |
| Depositswithrestricteduse | 49,215,097,504.03 | 37,328,823,349.13 |
| II.Cashequivalents | ||
| III.Endingbalanceofmonetaryfundsandcashequivalents | 157,484,332,251.39 | 116,939,298,776.87 |
| Less:Timedepositsandaccruedinterestnotinthecategoryofcashandcashequivalents | 76,514,578,051.75 | 49,658,731,669.74 |
| Less:Depositswithrestricteduse | 49,215,097,504.03 | 37,328,823,349.13 |
| Including:Statutorydepositreserves | 1,261,012,790.79 | 1,403,981,413.43 |
| Bill,letterofcreditandotherdeposits | 47,954,084,713.24 | 35,924,841,935.70 |
| IV.Endingbalanceofcashandcashequivalents | 31,754,656,695.61 | 29,951,743,758.00 |
73.Assetswithrestrictedownershiporright-to-use
| Item | BookValueattheEndofthePeriod | RestrictedReason |
| Monetaryfunds | 49,215,097,504.03 | Requireddepositreserve,earnestmoney,etc. |
| Accountsreceivable | 239,378,920.65 | Pledged |
| Receivablesfinancing | 12,304,327,541.08 | Pledged |
| Non-currentassetsduewithinoneyear | 3,022,847,488.96 | Pledged |
| Otherdebtinvestments | 5,700,000,000.00 | Pledged |
| Otherequityinstrumentinvestments | 1,965,635,734.92 | Restrictedshares |
| Long-termequityinvestments | 293,539,194.32 | Pledged |
| Fixedassets | 976,001,655.74 | Pledged |
| Intangibleassets | 1,063,362,713.41 | Pledged |
| Others | 192,982,228.53 | Pledged |
| Total | 74,973,172,981.64 |
Monetaryitemsinforeigncurrencies
(1)Monetaryitemsinforeigncurrencies
| Item | USDConvertedintoRMB | EURConvertedintoRMB | HKDConvertedintoRMB | THBConvertedintoRMB | BRLConvertedintoRMB | AUDConvertedintoRMB | OthersConvertedintoRMB | TotalConvertedintoRMB |
| ExchangerateasofDecember31,2022 | 6.9646 | 7.4229 | 0.8933 | 0.2014 | 1.3183 | 4.7138 | Notapplicable | Notapplicable |
| Monetaryassetsinforeigncurrencies | 9,107,788,982.25 | 129,955,244.48 | 40,879,715.97 | 118,436,698.75 | 1,132,896,490.18 | 55,743,888.30 | 10,585,701,019.93 | |
| Monetaryfunds | 5,964,541,220.06 | 16,385,806.20 | 4,150,682.40 | 45,117,771.29 | 289,136,178.85 | 14,422,935.00 | 6,333,754,593.80 | |
| Accountsreceivable | 3,130,859,760.89 | 113,114,142.09 | 36,348,853.80 | 70,250,384.43 | 843,479,647.29 | 31,964,966.82 | 4,226,017,755.32 | |
| Otherreceivables | 12,388,001.30 | 455,296.19 | 380,179.77 | 3,068,543.03 | 280,664.04 | 9,355,986.48 | 25,928,670.81 | |
| Monetaryliabilitiesinforeigncurrencies | 5,212,283,439.59 | 1,552,138,231.59 | 462,871,913.83 | 7,032,943.75 | 70,211,608.75 | 2,871,266,741.00 | 47,185,334.21 | 10,222,990,212.72 |
| Short-termborrowings | 4,780,892,867.64 | 1,538,201,822.35 | 451,007,537.25 | 2,871,266,741.00 | 9,641,368,968.24 | |||
| Accountspayable | 254,247,604.29 | 3,297,027.86 | 9,610,072.42 | 5,821,117.82 | 50,566,306.28 | 45,379,909.06 | 368,922,037.73 | |
| Otherpayables | 177,142,967.66 | 10,639,381.38 | 2,254,304.16 | 1,211,825.93 | 19,645,302.47 | 1,805,425.15 | 212,699,206.75 |
(2)Descriptionofoverseasoperatingentities
None.
VIChangeintheconsolidationscope
1.Businesscombinationsnotundercommoncontrol(1)Businesscombinationnotundercommoncontrolinthecurrentperiod
| NameoftheAcquiree | TimePointofEquityAcquisition | EquityAcquisitionCost | EquityAcquisitionProportion | EquityAcquisitionMethod | AcquisitionDate | BasisforDeterminingtheAcquisitionDate | OperatingRevenuefromtheAcquisitionDatetotheStatementDate | NetProfitsfromtheAcquisitionDatetotheStatementDate |
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | 2022/4/30 | 2,423,031,350.00 | 29.48% | Purchasebycash | 2022/4/30 | Acquisitionofcontrol | 7,124,335,200.38 | 719,774,347.64 |
(2)Costandgoodwillofbusinesscombination
| Costofbusinesscombination | Amount |
| Totalcostofbusinesscombination | 2,423,031,350.00 |
| Including:Cash | 2,423,031,350.00 |
| Less:Fairvalueoftheidentifiablenetassetsacquired | 1,224,729,759.78 |
| Goodwill | 1,198,301,590.22 |
[Note1]TheCompanyhasacquired270,360,000sharesofZhejiangDunAnArtificialEnvironmentCo.,Ltd.(hereinafterreferredtoas"DunAnEnvironment")heldbyZhejiangDunAnPrecisionIndustriesGroupCo.,Ltd.underanagreement,accountingfor29.48%ofthetotalcapitalshareofDunAnEnvironment.ThetransferwascompletedinApril2022,andDunAnEnvironmentbecameaholdingsubsidiaryofGreeElectricAppliances.[Note2]Inthisperiod,theCompanyacquired29.48%oftheequityofDunAnEnvironment,withabusinesscombinationcostofRMB2,189,916,000.00.ThefairvalueofidentifiablenetassetsattributabletotheowneroftheparentcompanywasRMB1,126,527,354.60,andthecorrespondingfairvalueofidentifiablenetassetswasappraisedbyBeijingYachaoAssetAppraisalCo.,Ltd.withanappraisalreportof(BJYCPBZ(2022)No.A206).Within12monthsaftertheacquisitiondate,theCompanypaidanaffiliatedpartyguaranteeamountofRMB233,115,350.00andincreasedthefairvalueofidentifiablenetassetsattributabletotheowneroftheparentcompanybyRMB98,202,405.18;thefirstpaymentofRMB2,189,916,000.00foracquisitionandthesecondpaymentofRMB233,115,350.00foracquisition,totalingRMB2,423,031,350.00,whichhasthedifferenceofRMB1,198,301,590.22withthefairvalueofidentifiablenetassetsattributabletotheparentcompanyownerofDunAnEnvironment.
(3)Identifiableassetsandliabilitiesoftheacquireeontheacquisitiondate
| Item | ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | |
| Fairvalueontheacquisitiondate | Bookvalueontheacquisitiondate | |
| Item | ||
| Assets: | ||
| Monetaryfunds | 784,473,669.02 | 784,473,669.02 |
| Tradingfinancialassets | 17,640,000.00 | 17,640,000.00 |
| Accountsreceivable | 1,418,430,638.88 | 1,418,430,638.88 |
| Receivablesfinancing | 990,021,129.95 | 990,021,129.95 |
| Advancepayments | 85,694,280.51 | 85,694,280.51 |
| Item | ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | |
| Fairvalueontheacquisitiondate | Bookvalueontheacquisitiondate | |
| Otherreceivables | 838,332,694.68 | 838,332,694.68 |
| Inventory | 1,741,097,088.00 | 1,572,827,115.67 |
| Contractassets | 446,336,218.81 | 446,336,218.81 |
| Othercurrentassets | 93,618,290.58 | 93,618,290.58 |
| Long-termequityinvestments | 315,980,069.51 | 315,980,069.51 |
| Investmentrealestate | 189,528,450.00 | 48,003,389.69 |
| Fixedassets | 1,255,713,810.99 | 900,617,159.45 |
| Constructioninprogress | 104,527,537.07 | 102,780,211.77 |
| Usufructassets | 202,430,836.59 | 202,430,836.59 |
| Intangibleassets | 1,721,397,537.02 | 197,231,283.54 |
| Long-termunamortizedexpenses | 20,239,298.84 | 20,239,298.84 |
| Deferredincometaxassets | 49,028,515.97 | 49,028,515.97 |
| Othernon-currentassets | 4,279,842.12 | 4,279,842.12 |
| Subtotalofassets | 10,278,769,908.54 | 8,087,964,645.58 |
| Liabilities: | ||
| Short-termborrowings | 1,657,574,001.42 | 1,657,574,001.42 |
| Derivativefinancialliabilities | 78,600.00 | 78,600.00 |
| Notespayable | 707,829,455.73 | 707,829,455.73 |
| Accountspayable | 1,765,559,131.32 | 1,765,559,131.32 |
| Contractliabilities | 102,686,682.51 | 102,686,682.51 |
| Payrollpayable | 137,650,847.93 | 137,650,847.93 |
| Taxesandduespayable | 104,779,928.07 | 104,779,928.07 |
| Otherpayables | 223,650,618.99 | 223,650,618.99 |
| Non-currentliabilitiesduewithinoneyear | 106,565,250.47 | 106,565,250.47 |
| Othercurrentliabilities | 113,817,088.82 | 779,543,366.32 |
| Long-termborrowings | 503,006,477.19 | 503,006,477.19 |
| Leaseliabilities | 159,421,732.01 | 159,421,732.01 |
| Long-termpayables | 18,364,500.00 | 18,364,500.00 |
| Deferredincome | 76,540,692.48 | 76,540,692.48 |
| Deferredincometaxliabilities | 547,970,011.69 | 268,695.95 |
| Subtotalofliabilities | 6,225,495,018.63 | 6,343,519,980.39 |
| NetAssets | 4,053,274,889.91 | 1,744,444,665.19 |
| Less:Minorityshareholders'equity | 2,828,545,130.13 | 1,200,345,792.58 |
| Netassetsacquired | 1,224,729,759.78 | 544,098,872.61 |
(4)Gainsorlossesarisingfromtheremeasurementofequityheldbeforetheacquisitiondateatfairvalue
| NameoftheAcquiree | Bookvalueontheacquisitiondateofequityheldbeforetheacquisitiondate | Fairvalueontheacquisitiondateofequityheldbeforetheacquisitiondate | Gainsorlossesarisingfromtheremeasurementofequityoriginallyheldbeforetheacquisitiondateatfairvalue |
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | None | None | None |
(5)Methodandkeyassumptionsfordeterminingthefairvalueontheacquisitiondate
1)Appraisaldeterminationmethod:Theassetsandliabilitiesweremainlyappraisedbythecostmethod,incomemethod,andmarketapproach.
2)Keyassumptionsintheappraisal.A.Theappraisedentityiscapableofmakingtimelyadjustmentsandinnovationsinlinewiththedevelopmentofthemarketandscienceandtechnology,whilemaintainingconsistencyinitsbusinessscope,businessmethodsandmanagementmode;B.Theassetsandliabilitiesdeclaredbytheappraisedentityarefreefrompropertydisputesandothereconomicdisputes;C.Theproductionandoperationoftheappraisedentityanditseconomicactivitiesrelatedtoproductionandoperationaresubjecttonationallawsandregulations;D.Exceptforthefixed-assetinvestmentwithexactevidenceindicatingthattheproductioncapacitywillchangeinthefutureontheappraisalbasedate,theappraisedentitywillnotconductmajorfixed-assetsinvestmentactivitiesthatmayaffectitsoperationinthefutureincomeperiod,anditsproductproductioncapacityareestimatedbasedonthestatusontheappraisalbasedate;andE.Inthefutureincomeperiod,theappraisedentitywillmaintaintheturnoverofaccountsreceivableandaccountspayablesimilartothehistoricalyears,withnopaymentinarrearsthatissignificantlydifferentfromthehistoricalyears.
3)Reasonsforassetappreciation:
A.Inventory:Themarketaveragesellingpriceoftheproductishigherthanitsbookvalue,resultinginappreciationoftheappraisalvalue;B.Investmentrealestate:Theincreaseinrentalpricesleadstotheappreciationoftheappraisalvaluemeasuredinincomemethod;C.Housesandbuildings:Thepurchasetimeislong,andthemarketpricehasrisen,resultinginappreciationoftheappraisalvalue;D.Machineryandequipment:Theaccountingdepreciationperiodisshorterthantheeconomicservicelife,andthereplacementpriceontheappraisalbasedateishigherthantheoriginalpurchaseprice,resultinginappreciationoftheappraisalvalue;E.Landuseright:itwasacquiredearlier,andthelandmarketpricerose,resultingintheappreciationoftheappraisalvalue;F.Trademarkrights,patentrights,andproprietarytechnology:Asalistedcompanyinthemanufacturingindustry,DunAnEnvironmenthasahighreputationinthesameindustry.Itsdevelopedpatentrightsandproprietarytechnologieshavemadesignificantcontributionstoproductionandbusinessactivities,resultingintheappreciationoftheappraisalvalue;andG.Othercurrentliabilities:Someofthelossesonguaranteeddebtswerereversedbeforetheappraisalreportdate,whilesomeofthemwerereversedwithin12monthsaftertheacquisitiondate,resultinginimpairmentofothercurrentliabilities.
2.Businesscombinationundercommoncontrol
None.
3.Reverseacquisitions
None.
4.Disposalofsubsidiaries
| CompanyName | EquityDisposalPrice | EquityDisposalProportion(%) | EquityDisposalMethod | TimePointofLosingControl | BasisforDeterminingtheTimePointofLosingControl | TheDifferenceBetweentheDisposalPriceandtheShareoftheSubsidiaries'NetAssetsattheLevelofConsolidatedStatementsCorrespondingtotheDisposalInvestment | ProportionofRemainingEquityontheDateofLosingControl(%) | BookValueofRemainingEquityontheDateofLosingControl | FairValueofRemainingEquityontheDateofLosingControl | GainsorLossesArisingfromRemeasurementofRemainingEquityatFairValue | DeterminationMethodsandMainAssumptionsoftheFairValueoftheRemainingEquityontheDateofLosingControl | AmountofOtherComprehensiveIncomeRelatedtoEquityInvestmentoftheOriginalSubsidiaryTransferredintoInvestmentProfitsandLosses |
| ShanxiYinlongGuangtongNewEnergyVehicleSalesCo.,Ltd. | 100.00 | Cancelled | 2022/11/8 | Businessregistration | -317,466.94 | None | ||||||
| Songliang(Shenzhen)SouthChinaAgriculturalDevelopmentCo.,Ltd. | 100.00 | Cancelled | 2022/7/28 | Businessregistration | -165,104.22 | None |
5.Changeofconsolidationscopeforotherreasons
(1)Newlyestablishedentityinthecurrentperiod
| CompanyName | DateofEstablishment | NetAssetsattheEndofthePeriod | NetProfitfromtheCombinationDatetotheEndofthePeriod |
| PinquanGreeAltairnanoNewEnergyCo.,Ltd. | 2022/2/16 | 2,009,569.41 | -390,430.59 |
| GreeElectromechanicalEngineering(Luoyang)Co.,Ltd. | 2022/3/28 | 31,454,357.36 | 1,454,357.36 |
| GreeElectromechanicalEngineering(Xinzhou)Co.,Ltd. | 2022/6/20 | 20,701,097.80 | 20,701,097.80 |
| ZhuhaiGreeElectronicComponentsCo.,Ltd. | 2022/7/6 | 96,101,744.50 | -3,898,255.50 |
| MingruidaSupplyChainTechnology(Linyi)Co.,Ltd. | 2022/8/12 | -110.22 | -110.22 |
| TielingFengyuAgriculturalTechnologyCo.Ltd. | 2022/8/16 | 225,574.59 | 125,574.59 |
| TianjinGreeRenewableResourcesRecyclingCo.,Ltd. | 2022/10/27 | 10,019,500.43 | -499.57 |
| ZhuhaiGreePrefabricatedVegetableEquipmentTechnologyDevelopmentCo.,Ltd. | 2022/12/8 | ||
| ZhuhaiGreeDigitalTechnologyCo.,Ltd. | 2022/12/21 | 50,000,000.15 | 0.15 |
VIIEquityinothersubjects
1.Equityinsubsidiaries
(1)Compositionoftheenterprisegroup
| S/N | NameofSubsidiary | MainBusinessLocation | PlaceofRegistration | NatureofBusiness | ShareholdingRatio(%) | VotingRightProportion(%) | AcquisitionMethod | |
| Direct | Indirect | |||||||
| 1 | Gree(Chongqing)ElectricAppliancesCo.,Ltd. | ChongqingCity | ChongqingCity | Industrialmanufacture | 97.00 | 97.00 | Establishment | |
| 2 | ZhuhaiLandaCompressorCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationundercommoncontrol | |
| 3 | ZhuhaiGreeElectricEnterprisesLtd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationundercommoncontrol | |
| 4 | ZhuhaiGreeXinyuanElectronicCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationundercommoncontrol | |
| 5 | ZhuhaiKaibangMotorManufacturingCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationsnotundercommoncontrol | |
| 6 | Gree(Hefei)ElectricAppliancesCo.,Ltd. | HefeiCity | HefeiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 7 | Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | ZhongshanCity | ZhongshanCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 8 | ZhuhaiGreeGroupFinanceCompanyLimited | ZhuhaiCity | ZhuhaiCity | Finance | 99.54 | 0.46 | 100.00 | Businesscombinationundercommoncontrol |
| 9 | GreeElectricAppliances(Brazil)Co.,Ltd. | Manaus,Brazil | Manaus,Brazil | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 10 | HongKongGreeElectricAppliancesSalesLimited | Kowloon,HongKong | Kowloon,HongKong | Sales | 100.00 | 100.00 | Businesscombinationsnotundercommoncontrol | |
| 11 | ShanghaiGreeAirConditionersSalesCo.,Ltd. | ShanghaiCity | ShanghaiCity | Sales | 90.00 | 9.70 | 99.70 | Establishment |
| 12 | ZhuhaiGreeDaikinPrecisionMoldCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 51.00 | 51.00 | Establishment | |
| 13 | ZhuhaiGreeDakinDeviceCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 51.00 | 51.00 | Establishment | |
| 14 | ZhuhaiGreeGreenRefrigerationTechnologyResearchCenterCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Technicalresearchanddevelopment | 100.00 | 100.00 | Establishment | |
| 15 | Gree(Zhengzhou)ElectricAppliancesCo.,Ltd. | ZhengzhouCity | ZhengzhouCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 16 | Gree(Wuhan)ElectricAppliancesCo.,Ltd. | WuhanCity | WuhanCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 17 | ZhengzhouGreeGreenRenewableResourcesCo.,Ltd. | ZhengzhouCity | ZhengzhouCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 18 | HunanGreenRenewableResourcesCo.,Ltd. | NingxiangCounty | NingxiangCounty | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 19 | WuhuGreenRenewableResourcesCo.,Ltd. | WuhuCity | WuhuCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| S/N | NameofSubsidiary | MainBusinessLocation | PlaceofRegistration | NatureofBusiness | ShareholdingRatio(%) | VotingRightProportion(%) | AcquisitionMethod | |
| Direct | Indirect | |||||||
| 20 | Gree(Shijiazhuang)SmallHomeAppliancesCo.,Ltd. | ShijiazhuangCity | ShijiazhuangCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 21 | Gree(Wuhu)ElectricAppliancesCo.,Ltd. | WuhuCity | WuhuCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 22 | ShijiazhuangGreenRenewableResourcesCo.,Ltd. | ShijiazhuangCity | ShijiazhuangCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 23 | Gree(Shijiazhuang)ElectricAppliancesCo.,Ltd. | ShijiazhuangCity | ShijiazhuangCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationsnotundercommoncontrol | |
| 24 | TianjinGreenRenewableResourcesUtilizationCo.,Ltd. | TianjinCity | TianjinCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 25 | ZhuhaiGreeHVACandRefrigerationEquipmentCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 26 | ZhuhaiGreeTOSOTHomeAppliancesCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 27 | ZhuhaiLigaoPrecisionManufacturingCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 28 | ZhuhaiEwpeInformationTechnologyInc. | ZhuhaiCity | ZhuhaiCity | Informationtechnologies | 100.00 | 100.00 | Establishment | |
| 29 | GreeChangshaHVACEquipmentCo.,Ltd. | ChangshaCity | ChangshaCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 30 | GreeTOSOT(Suqian)HomeAppliancesCo.,Ltd. | SuqianCity | SuqianCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 31 | GreeWuhuPrecisionManufacturingCo.,Ltd. | WuhuCity | WuhuCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 32 | ZhuhaiGreeIntelligentEquipmentCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 33 | ZhuhaiHengqinGreeCommercialFactoringCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Finance | 100.00 | 100.00 | Establishment | |
| 34 | ZhuhaiGreePrecisionMoldCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 35 | Gree(Wuhan)HVACandRefrigerationEquipmentCo.,Ltd. | WuhanCity | WuhanCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 36 | ZhuhaiGreeIntelligentEquipmentTechnologyInstituteCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 37 | ZhuhaiGreeNewMaterialCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 38 | Gree(Wuhan)PrecisionMouldCo.,Ltd. | WuhanCity | WuhanCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 39 | ZhuhaiGreeEnergyEnvironmentTechnologyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 40 | Gree(Hangzhou)ElectricAppliancesCo.,Ltd. | HangzhouCity | HangzhouCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| S/N | NameofSubsidiary | MainBusinessLocation | PlaceofRegistration | NatureofBusiness | ShareholdingRatio(%) | VotingRightProportion(%) | AcquisitionMethod | |
| Direct | Indirect | |||||||
| 41 | GreeInformationTechnologyCo.,Ltd.ofZhuhai | ZhuhaiCity | ZhuhaiCity | Informationtechnologies | 51.00 | 51.00 | Establishment | |
| 42 | Gree(Chengdu)HVACEquipmentCo.,Ltd. | ChengduCity | ChengduCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 43 | ZhuhaiGreeCNCMachineToolResearchInstituteCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Technicalresearchanddevelopment | 100.00 | 100.00 | Establishment | |
| 44 | Gree(Wu'an)PrecisionEquipmentManufacturingCo.,Ltd. | Wu'anCounty | Wu'anCounty | Industrialmanufacture | 70.00 | 70.00 | Establishment | |
| 45 | ZhuhaiGreeTransportationCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Transportation | 100.00 | 100.00 | Establishment | |
| 46 | Gree(Luoyang)RobotCo.,Ltd. | LuoyangCity | LuoyangCity | Technicalresearchanddevelopment | 100.00 | 100.00 | Establishment | |
| 47 | Gree(Nanjing)ElectricAppliancesCo.,Ltd. | NanjingCity | NanjingCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 48 | Gree(Luoyang)ElectricAppliancesCo.,Ltd. | LuoyangCity | LuoyangCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 49 | ZhuhaiEdgelessIntegratedCircuitCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 50 | ZhuhaiLianyunTechnologyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 51 | Gree(Chengdu)ElectricAppliancesCo.,Ltd. | ChengduCity | ChengduCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 52 | ZhuhaiGreeMaterialSupplyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 53 | ZhuhaiGreeGreenControlTechnologyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 54 | HefeiKinghomeElectricalCo.,Ltd. | HefeiCity | HefeiCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationsnotundercommoncontrol | |
| 55 | ZhuhaiGreeMechanicalandElectricalEngineeringCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Businesscombinationundercommoncontrol | |
| 56 | Gree(Chengdu)PrecisionMoldCo.,Ltd. | ChengduCity | ChengduCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 57 | Gree(Luoyang)ElectricAppliancesWashingMachineCo.,Ltd. | LuoyangCity | LuoyangCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 58 | GuochuangEnergyInternetInnovationCenter(Guangdong)Co.,Ltd. | ZhuhaiCity | ZhuhaiCity | Informationtechnologies | 75.00 | 1.52 | 76.52 | Establishment |
| 59 | ZhuhaiGree(Anji)PrecisionMoldCo.,Ltd. | AnjiCounty | AnjiCounty | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 60 | ZhuhaiGreeGreenResourcesRecyclingCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 61 | GreeE-commerceCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Wholesalesandretails | 100.00 | 100.00 | Establishment | |
| S/N | NameofSubsidiary | MainBusinessLocation | PlaceofRegistration | NatureofBusiness | ShareholdingRatio(%) | VotingRightProportion(%) | AcquisitionMethod | |
| Direct | Indirect | |||||||
| 62 | ZhuhaiGejianHealthMedicalTechnologyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Medicaldevice | 100.00 | 100.00 | Establishment | |
| 63 | ZhuhaiGreeElectricAppliancesIntelligentManufacturingCo.,Ltd | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 64 | ChengduGreeXinhuiMedicalEquipmentCo.,Ltd. | ChengduCity | ChengduCity | Medicaldevice | 75.00 | 1.52 | 76.52 | Establishment |
| 65 | SLGroupCo.,Ltd. | SongyuanCity | SongyuanCity | Agriculture | 75.00 | 75.00 | Businesscombinationsnotundercommoncontrol | |
| 66 | Gree(Ganzhou)ElectricAppliancesCo.,Ltd. | GanzhouCity | GanzhouCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 67 | TianjinGreeXinhuiMedicalEquipmentCo.,Ltd. | TianjinCity | TianjinCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 68 | Gree(Linyi)ElectricAppliancesCo.,Ltd. | LinyiCity | LinyiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 69 | Gree(ZhuhaiHengqin)DevelopmentCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Realestateindustry | 100.00 | 100.00 | Establishment | |
| 70 | ChangshaKinghomeElectricAppliancesCo.,Ltd | ChangshaCity | ChangshaCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 71 | GreeAltairnanoNewEnergyInc. | ZhuhaiCity | ZhuhaiCity | Researchandexperimentaldevelopment | 30.47 | 47.93 | Businesscombinationsnotundercommoncontrol | |
| 72 | ZhuhaiMingruidaSupplyChainTechnologyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Transportation | 70.00 | 70.00 | Establishment | |
| 73 | ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | ZhujiCity | ZhujiCity | Industrialmanufacture | 38.78 | 38.78 | Businesscombinationsnotundercommoncontrol | |
| 74 | ZhuhaiGreeElectronicComponentsCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
| 75 | ZhuhaiGreeDigitalTechnologyCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Wholesalesandretails | 100.00 | 100.00 | Establishment | |
| 76 | ZhuhaiGreePrefabricatedVegetableEquipmentTechnologyDevelopmentCo.,Ltd. | ZhuhaiCity | ZhuhaiCity | Industrialmanufacture | 100.00 | 100.00 | Establishment | |
(2)Importantnonwholly-ownedsubsidiariesInformationofequityheldbyminorityshareholdersofimportantnonwholly-ownedsubsidiariesandprofitsandlosses:
| NameofSubsidiary | Shareholdingratioofminorityshareholders | Profitsandlossesattributabletominorityshareholdersinthecurrentperiod | Dividendsdeclaredtodistributetominorityshareholdersinthecurrentperiod | Endingequitybalanceofminorityshareholders |
| GreeAltairnanoNewEnergyInc. | 69.53% | -1,324,660,653.05 | 110,709,555.85 |
[Note]ThemainfinancialinformationofZhejiangDunAnArtificialEnvironmentCo.,Ltd.,animportantnonwholly-ownedsubsidiary,isdetailedinitsannouncement.
(3)Mainfinancialinformationofimportantnonwholly-ownedsubsidiaries
| NameofSubsidiary | EndingBalance | |||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| GreeAltairnanoNewEnergyInc. | 10,926,357,342.59 | 14,097,757,824.94 | 25,024,115,167.53 | 23,572,307,994.49 | 1,214,140,306.09 | 24,786,448,300.58 |
(Continued)
| NameofSubsidiary | BeginningBalance | |||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| GreeAltairnanoNewEnergyInc. | 11,242,319,318.29 | 16,040,144,209.59 | 27,282,463,527.88 | 23,499,417,858.35 | 1,635,252,186.15 | 25,134,670,044.50 |
(Continued)
| NameofSubsidiary | Amountincurredinthecurrentperiod | |||
| Operatingrevenue | NetProfits | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
| GreeAltairnanoNewEnergyInc. | 2,586,739,826.92 | -1,905,163,969.71 | -1,918,382,237.86 | 44,952,640.05 |
(Continued)
| NameofSubsidiary | Amountincurredforthepreviousperiod | |||
| Operatingrevenue | NetProfits | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
| GreeAltairnanoNewEnergyInc. | 694,344,061.76 | -321,184,218.65 | -321,480,909.61 | -228,842,362.62 |
Note:SinceGreeAltairnanoNewEnergyInc.becameacontrollingsubsidiaryoftheCompanyonOctober31,2021,onlytheoperatingincome,netprofit,totalcomprehensiveincome,andcashflowfromoperatingactivitiesfromNovembertoDecemberaredisclosedundertheamountincurredinthesameperiodlastyear.
2.Equitiesinjointventuresorassociates
(1)Importantjointventuresorassociates
| Nameofinvestedentity | MainBusinessLocation | PlaceofRegistration | NatureofBusiness | ShareholdingRatio(%) | Accountingtreatmenttoassociatesorjointventures | |
| Direct | Indirect | |||||
| ZhuhaiRonglinEquityInvestmentPartnership(LimitedPartnership) | ZhuhaiCity | ZhuhaiCity | Businessservices | 91.27 | Equitymethod | |
| ZhuhaiHanlingEquityInvestmentPartnership(LimitedPartnership) | ZhuhaiCity | ZhuhaiCity | Businessservices | 47.92 | Equitymethod | |
(2)Mainfinancialinformationofimportantassociates
1)ZhuhaiRonglinEquityInvestmentPartnership(LimitedPartnership)
| Item | Endingbalance/Currentamountincurred | Beginningbalance/Amountincurredinthepreviousperiod |
| Currentassets | 4,860,366,232.00 | 11,636,952,794.62 |
| Including:Cashandcashequivalents | 916,341.26 | 1,753,243.88 |
| Totalassets | 4,860,366,232.00 | 11,636,952,794.62 |
| Currentliabilities | 57,140,092.85 | 42,567,398.01 |
| Totalliabilities | 57,140,092.85 | 42,567,398.01 |
| Shareofnetassetscalculatedundertheagreement | 4,131,807,804.94 | 8,893,495,450.98 |
| Totalcomprehensiveincome | -6,235,259,324.19 | 2,552,450,421.49 |
2)ZhuhaiHanlingEquityInvestmentPartnership(LimitedPartnership)
| Item | Endingbalance/Currentamountincurred | Beginningbalance/Amountincurredinthepreviousperiod |
| Currentassets | 906,107,901.07 | 678,478,666.88 |
| Including:Cashandcashequivalents | 16,800,298.33 | 3,478,666.88 |
| Non-currentassets | 128,500,000.00 | 245,000,000.00 |
| Totalassets | 1,034,607,901.07 | 923,478,666.88 |
| Currentliabilities | 78,356,106.16 | 2,998,503.81 |
| Totalliabilities | 78,356,106.16 | 2,998,503.81 |
| Shareofnetassetscalculatedundertheagreement | 956,251,794.91 | 920,480,163.07 |
| Totalcomprehensiveincome | 45,154,377.43 | 53,187,718.56 |
| Dividendsreceivedfromassociatesinthecurrentyear | 9,382,745.59 | 55,127,991.72 |
(3)SignificantrestrictionsontheabilityofjointventuresorassociatestotransferfundstotheCompany
None.
(4)Excesslossesincurredbyjointventuresorassociates
| Nameofjointventureorassociates | Accumulatedunrecognizedlossesaccumulatedinthepreviousperiod | Unrecognizedlossesinthecurrentperiod(ornetprofitsharedinthecurrentperiod) | Accumulatedunrecognizedlossesattheendofcurrentperiod |
| BeijingGreeTechnologyCo.,Ltd. | -181,810.76 | -389,270.59 | -571,081.35 |
| EocellLimited | -2,002,480.71 | -2,002,480.71 |
(5)Unrecognizedcommitmentsrelatedtoinvestmentinjointventures
None.
(6)ContingentliabilitiesrelatedtoinvestmentinjointventuresorassociatesNone.
3.Importantco-management
None.
4.EquityinstructuredentitiesnotincludedintheConsolidatedFinancialStatements
None.VIIIRisksassociatedwithfinancialinstruments
MainfinancialinstrumentsoftheCompanyincludesmonetaryfunds,tradingfinancialassets,derivativefinancialassets,notesreceivable,receivablesfinancing,receivables,loansissuedandadvances,buyingbackthesaleoffinancialassets,debtinvestments,otherdebtinvestments,otherequityinstrumentinvestments,otherfinancialliabilitiesarisingfromoperation(e.g.,payables).ThesefinancialinstrumentsaimtoprovidefundsforoperationoftheCompany.ThemainriskscausedbytheCompany'sfinancialinstrumentsarecreditrisk,liquidityrisk,andmarketrisk.
1.ClassificationoffinancialinstrumentsThebookvaluesofvariousfinancialinstrumentsonthebalancesheetdate:
(1)EndingBalance
| Item | Classificationoffinancialassets | |||
| Financialassetsmeasuredatamortizationcosts | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Total | |
| 1.Measuredatcostoramortizedcost | ||||
| Monetaryfunds | 157,484,332,251.39 | 157,484,332,251.39 | ||
| Notesreceivable | 6,818,428.95 | 6,818,428.95 | ||
| Accountsreceivable | 14,824,742,623.45 | 14,824,742,623.45 | ||
| Otherreceivables | 804,277,958.80 | 804,277,958.80 | ||
| Non-currentassetsduewithinoneyear | 38,344,030.45 | 38,344,030.45 | ||
| Othercurrentfinancialassets | 2,646,094,959.26 | 2,646,094,959.26 | ||
| Loansissuedandadvances | 719,799,280.27 | 719,799,280.27 | ||
| Debtinvestment | 150,351,500.00 | 150,351,500.00 | ||
| Long-termreceivables | 116,084,973.52 | 116,084,973.52 | ||
| Othernon-currentfinancialassets | 192,148,986.36 | 192,148,986.36 | ||
| Subtotal | 176,982,994,992.45 | 176,982,994,992.45 | ||
| 2.Measuredatfairvalues | ||||
| Tradingfinancialassets | 3,867,203,363.52 | 3,867,203,363.52 | ||
| Item | Classificationoffinancialassets | |||
| Financialassetsmeasuredatamortizationcosts | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Total | |
| Receivablesfinancing | 28,427,310,345.20 | 28,427,310,345.20 | ||
| Non-currentassetsduewithinoneyear | 3,275,847,602.74 | 3,275,847,602.74 | ||
| Othercurrentfinancialassets | 1,260,250.00 | 998,950.00 | 2,259,200.00 | |
| Otherdebtinvestments | 14,340,348,882.97 | 14,340,348,882.97 | ||
| Otherequityinstrumentinvestments | 4,669,455,797.90 | 4,669,455,797.90 | ||
| Othernon-currentfinancialassets | 4,428,003,204.49 | 4,428,003,204.49 | ||
| Subtotal | 50,714,222,878.81 | 8,296,205,518.01 | 59,010,428,396.82 | |
| Total | 176,982,994,992.45 | 50,714,222,878.81 | 8,296,205,518.01 | 235,993,423,389.27 |
(Continued)
| Item | Classificationoffinancialliabilities | ||
| Derivativefinancialliabilities | Otherfinancialliabilities | Total | |
| 1.Measuredatcostoramortizedcost | |||
| Short-termborrowings | 52,895,851,287.92 | 52,895,851,287.92 | |
| Notespayable | 38,609,900,819.74 | 38,609,900,819.74 | |
| Accountspayable | 32,856,071,488.87 | 32,856,071,488.87 | |
| Depositsfromcustomersandinterbank | 219,111,069.61 | 219,111,069.61 | |
| Otherpayables | 10,912,406,666.89 | 10,912,406,666.89 | |
| Non-currentliabilitiesduewithinoneyear | 188,387,613.61 | 188,387,613.61 | |
| Othercurrentfinancialliabilities | 3,412,127,253.85 | 3,412,127,253.85 | |
| Long-termborrowings | 30,784,241,211.21 | 30,784,241,211.21 | |
| Long-termpayables | 104,644,415.20 | 104,644,415.20 | |
| Subtotal | 169,982,741,826.90 | 169,982,741,826.90 | |
| 2.Measuredatfairvalues | |||
| Derivativefinancialliabilities | 184,811,894.98 | 184,811,894.98 | |
| Subtotal | 184,811,894.98 | 184,811,894.98 | |
| Total | 184,811,894.98 | 169,982,741,826.90 | 170,167,553,721.88 |
(2)BeginningBalance
| Item | Classificationoffinancialassets | |||
| Financialassetsmeasuredatamortizationcosts | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Total | |
| Item | Classificationoffinancialassets | |||
| Financialassetsmeasuredatamortizationcosts | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Financialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome | Total | |
| 1.Measuredatcostoramortizedcost | ||||
| Monetaryfunds | 116,939,298,776.87 | 116,939,298,776.87 | ||
| Accountsreceivable | 13,840,898,802.76 | 13,840,898,802.76 | ||
| Otherreceivables | 334,161,870.18 | 334,161,870.18 | ||
| Non-currentassetsduewithinoneyear | 3,406,416.52 | 3,406,416.52 | ||
| Othercurrentfinancialassets | 5,249,688,091.77 | 5,249,688,091.77 | ||
| Loansissuedandadvances | 4,142,652,901.85 | 4,142,652,901.85 | ||
| Long-termreceivables | 2,419,031.07 | 2,419,031.07 | ||
| Subtotal | 140,512,525,891.02 | 140,512,525,891.02 | ||
| 2.Measuredatfairvalues | ||||
| Derivativefinancialassets | 198,773,198.65 | 198,773,198.65 | ||
| Receivablesfinancing | 25,612,056,693.07 | 25,612,056,693.07 | ||
| Non-currentassetsduewithinoneyear | 11,030,165,516.08 | 11,030,165,516.08 | ||
| Othercurrentfinancialassets | 1,332,723,758.33 | 13,436,100.00 | 1,346,159,858.33 | |
| Otherdebtinvestments | 5,910,056,891.62 | 5,910,056,891.62 | ||
| Otherequityinstrumentinvestments | 10,114,246,030.05 | 10,114,246,030.05 | ||
| Othernon-currentfinancialassets | 81,309,327.39 | 81,309,327.39 | ||
| Subtotal | 53,999,248,889.15 | 293,518,626.04 | 54,292,767,515.19 | |
| Total | 140,512,525,891.02 | 53,999,248,889.15 | 293,518,626.04 | 194,805,293,406.21 |
(Continued)
| Item | Classificationoffinancialliabilities | ||
| Derivativefinancialliabilities | Otherfinancialliabilities | Total | |
| Measuredatcostoramortizedcost | |||
| Short-termborrowings | 27,617,920,548.11 | 27,617,920,548.11 | |
| Loansfromotherbanks | 300,021,500.00 | 300,021,500.00 | |
| Notespayable | 40,743,984,514.42 | 40,743,984,514.42 | |
| Accountspayable | 35,875,090,911.05 | 35,875,090,911.05 | |
| Financialassetssoldforrepurchase | 746,564,041.09 | 746,564,041.09 | |
| Item | Classificationoffinancialliabilities | ||
| Derivativefinancialliabilities | Otherfinancialliabilities | Total | |
| Depositsfromcustomersandinterbank | 182,681,905.74 | 182,681,905.74 | |
| Otherpayables | 6,763,119,937.14 | 6,763,119,937.14 | |
| Non-currentliabilitiesduewithinoneyear | 1,243,822,222.57 | 1,243,822,222.57 | |
| Othercurrentfinancialliabilities | 7,819,060,868.44 | 7,819,060,868.44 | |
| Long-termborrowings | 8,960,864,258.30 | 8,960,864,258.30 | |
| Long-termpayables | 446,194,591.92 | 446,194,591.92 | |
| Total | 130,699,325,298.78 | 130,699,325,298.78 | |
2.Creditrisks
Creditriskreferstoariskoffinanciallossessufferedbyonepartyduetothenon-performanceofobligationsbytheotherpartyoffinancialinstrument.TheCompanyonlyhavetransactionswithrecognizedcustomerswithagoodreputation.UnderthepoliciesoftheCompany,allthecustomerswhorequirethecreditformfortransactionsshallundergocreditreview.Besides,theCompanycontinuoustomonitorthebalanceofaccountsreceivabletoensurethattheCompanyisnotconfrontedwiththemajorriskofbaddebts.FinancialassetsoftheCompanyincludemonetaryfunds,receivablesfinancing.Thecreditrisksofthesefinancialassetscomefromnonperformanceofthetransactioncounterparty,andthemaximumriskexposureisequaltothecarryingamountoftheseinstruments.TradetermsandconditionsbetweentheCompanyandcustomersmainlyadoptadvancepayments,banker'sacceptancebill,orpayingondelivery,assistedbytransactionwithcredit.Themonetaryfundsaredepositedinstate-ownedfinancialinstitutionswithhighcreditrating,minimizingtherisk;thereceivablesfinancingismainlybanker'sacceptancebills,andtheriskexposureisrathersmall.Thebookvaluesofnotesreceivable,receivablesfinancing,accountsreceivable,otherreceivables,contractassets,loansissuedandadvancesandlong-termreceivablesintheConsolidatedBalanceSheetarethehighestcreditriskwithwhichtheCompanymaybeconfronted.Asattheendofthereportperiod,theCompany'snotesreceivables,accountsreceivable,receivablesfinancing,otherreceivables,contractassets,loansissuedandadvances,andlong-termreceivablesaccountfor12.96%ofthetotalassets(thebeginningbalanceis
14.11%),andtheaboveamountsaremainlyduewithin1year,sotheCompanyhasnosignificantcreditrisk.FortheCompany'screditriskexposuresarisingfromtheabovefinancialassets,seethedisclosedinformationinthisNoteV4NotesReceivable,NoteV5AccountsReceivable,NoteV6ReceivablesFinancing,NoteV8OtherReceivables,NoteV10ContractAssets,NoteV13LoansIssuedandAdvances,andNoteV16Long-termReceivables.
3.Liquidityrisks
Liquidityriskreferstoariskoffundshortagegeneratedwhentheenterpriseperformstheobligationtosettleaccountsbycashpaymentorotherfinancialassets.AsindicatedbychangesintheCompany’sfinancialinstrumentsatthebeginningandendoftheperiod,theproportionoftheCompany's"Financialassets"to"Financialliabilities"attheendofthereportperiodwas1.39(whichwas1.49atthebeginningoftheperiod),showingthattheCompanyhasadequateliquidityandtheriskinshortageofliquidityislow.
4.MarketrisksMarketriskreferstoariskoffluctuationinthefairvalueorfuturecashflowoffinancialinstrumentduetochangesinthemarketprice,includingfairvaluefluctuationrisk,exchangerateriskandinterestraterisk.
(1)Fairvaluefluctuationrisk
TheCompany'sfinancialinvestmentsmainlyinvolveproductssuchasstocks,funds,largecertificatesofdeposit,andbonds.Exceptforthesignificantfluctuationsinthefairvalueofstocks,thefairvalueofproductssuchasfunds,largecertificatesofdeposit,andbondsdoesnotfluctuatesignificantly.ThestocksheldbytheCompanyaremainlystockstradedontheopenmarket,andthequalityoftheinvestedcompaniesisrelativelygood.
(2)Exchangeraterisk
Exchangerateriskreferstotheriskoffluctuationinthefairvalueorfuturecashflowoffinancialinstrumentsduetochangesintheforeignexchangerate.AsatDecember31,2022,theamountsofforeigncurrencyfinancialassetsandliabilitiesheldbytheCompanyconvertedintoRMBarepresentedindetailsinthisNoteV.74(1)ForeignCurrencyMonetaryItems.TheCompanyminimizestheexchangerateriskbycarryingouttheforwardexchangetransactionbusinessandcontrollingthescaleofforeigncurrencyassetsandliabilitiesaccordingtochangesinthemarketexchangerate.
(3)InterestraterisksInterestrateriskreferstotheriskoffluctuationinthefairvalueorfuturecashflowoffinancialinstrumentsduetochangesinthemarketinterestrate.AsofDecember31,2022,theCompany'sliabilitieswithinterestsareasfollows:
| StatementItem | Amount | InterestRateRange | Remark |
| Short-termborrowings | 52,895,851,287.92 | 0.70%-8.00% | Floatinginterestrate |
| Depositsfromcustomersandinterbank | 219,111,069.61 | 0.55%-3.65% | Floatinginterestrate |
| Otherpayables | 1,621,102,937.08 | 4.00%-5.00% | Floatinginterestrate |
| Non-currentliabilitiesduewithinoneyear | 188,387,613.61 | 1.20%-6.20% | Floatinginterestrate |
| Long-termborrowings | 30,784,241,211.21 | 2.55%-6.18% | Floatinginterestrate |
| Long-termpayables | 104,644,415.20 | 4.67%-6.20% | Floatinginterestrate |
| Total | 85,813,338,534.63 |
IXFairvaluedisclosure
1.Endingfairvalueofassetsandliabilitiesmeasuredatfairvalue
| Item | EndingFairValue | |||
| Measurementoflevel1offairvaluehierarchy | Measurementoflevel2offairvaluehierarchy | Measurementoflevel3offairvaluehierarchy | Total | |
| Continuousfairvaluemeasurement | ||||
| Tradingfinancialassets | 663,776,717.84 | 3,184,168,917.80 | 19,257,727.88 | 3,867,203,363.52 |
| Receivablesfinancing | 28,427,310,345.20 | 28,427,310,345.20 | ||
| Non-currentassetsduewithinoneyear | 3,275,847,602.74 | 3,275,847,602.74 | ||
| Othercurrentassets | 2,259,200.00 | 2,259,200.00 | ||
| Otherdebtinvestments | 1,027,601,139.44 | 13,312,747,743.53 | 14,340,348,882.97 | |
| Otherequityinstrumentinvestments | 4,662,455,797.90 | 7,000,000.00 | 4,669,455,797.90 | |
| Item | EndingFairValue | |||
| Measurementoflevel1offairvaluehierarchy | Measurementoflevel2offairvaluehierarchy | Measurementoflevel3offairvaluehierarchy | Total | |
| Othernon-currentfinancialassets | 2,012,020,000.00 | 2,415,983,204.49 | 4,428,003,204.49 | |
| Totalofassetsmeasuredatfairvaluecontinuously | 8,368,112,855.18 | 50,616,057,813.76 | 26,257,727.88 | 59,010,428,396.82 |
| Derivativefinancialliabilities | 184,811,894.98 | 184,811,894.98 | ||
| Totalofliabilitiesmeasuredatfairvaluecontinuously | 184,811,894.98 | 184,811,894.98 | ||
2.Basisfordeterminingmarketpricesofitemsmeasuredwithinthelevel1offairvaluehierarchycontinuouslyandnotcontinuously
Tradingfinancialassets,othercurrentassets,otherdebtinvestment-bonds,otherequityinstrumentinvestments,andothernon-currentfinancialassetsheldbytheCompanyandmeasuredwithinthelevel1offairvaluehierarchyaredeterminedbasedonthequotationofcorrespondingproductsandinvestmentprojectsontheopenmarket.
3.Qualitativeandquantitativeinformationonvaluationtechniquesandimportantparametersforitemsmeasuredwithinlevel2offairvaluehierarchycontinuouslyandnotcontinuouslyReceivablesfinancingheldbytheCompanymeasuredwithinthelevel2offairvaluehierarchyisthebankacceptancebillsandaccountsreceivableheldbytheCompany,andtheircorrespondingtransferanddiscountedamountsareusedasthebasisfordeterminingtheirmarketprices.Tradingfinancialassets-structureddeposits,non-currentassetsduewithinoneyear,otherdebtinvestments,othernon-currentfinancialassets,andderivativefinancialliabilitiesheldbytheCompanyandmeasuredwithinlevel2offairvaluehierarchyaremainlyforwardhedginginstruments,large-denominationnegotiablecertificateofdeposit,andassetsmanagementplans,thusdeterminingtheirmarketvaluebasedontherecoverableamountofthecorrespondingfinancialassets.
4.Qualitativeandquantitativeinformationonvaluationtechniquesandimportantparametersforitemsmeasuredwithinlevel3offairvaluehierarchycontinuouslyandnotcontinuouslyTradingfinancialassetsandnon-tradingequityinstrumentinvestmentsdesignatedtobemeasuredatfairvaluewiththeirchangesincludedinothercomprehensiveincomeheldbytheCompanyandmeasuredwithinlevel3ofthefairvaluehierarchyaremainlyitemsthathavenoobservabledatavalidationintheactivemarketandusetheirdatatomakefinancialpredictions.
5.Forcontinuousfairvaluemeasurementitems,incaseofconversionamongdifferentlevelsduringthecurrentperiod,thereasonsforconversionandthepolicyfordeterminingthetimingforconversionNone.
6.ChangesinvaluationtechniquesandreasonsforchangesoccurredduringthecurrentperiodNone.
7.Fairvaluesoffinancialassetsandliabilitiesnotmeasuredatfairvalue
None.XAffiliatedpartiesandaffiliatedtransaction
1.ParentcompanyoftheCompany
TheCompanyhasnocontrollingshareholdersorsubstantialcontrollers.
2.SubsidiariesoftheCompany
Fordetails,seeNote(VII)1EquityinSubsidiaries.
3.JointventuresandassociatesoftheCompanyForimportantjointventuresandassociatesoftheCompany,seetheNoteVII2EquityinJointVenturesandAssociatesoftheCompany.ForotherjointventuresandassociatesoftheCompany,seetheNoteV17Long-termEquityInvestment.
4.Otheraffiliatedparties
| Nameofotheraffiliates | RelationshipsofotheraffiliatedpartieswiththeCompany |
| ZhejiangTongchengGreeElectricAppliancesCo.,Ltd.anditsholdingcompanies | CompaniesheldbydirectorsoftheCompanyorwhereadirectoroftheCompanyactsaschairoftheboard |
| HenanShengshiXinxingGreeTradeCo.,Ltd. | CompanieswheredirectorsoftheCompanyactasexecutivedirectors |
| ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | CompanieswheredirectorsoftheCompanyactasexecutivedirectorsandgeneralmanagers |
| ShandongMeiliPropertyCo.,Ltd. | CompanywherethesonoftheCompany'ssupervisoractsasexecutivedirectorandmanager. |
| HenanHuizhongYifengE-commerceCo.,Ltd. | CompanywherethesonoftheCompany'sdirectoractsasexecutivedirectors |
| ETRLawFirm | CompanywheretheCompany'sindependentdirectorsserveasitspartnerchair |
| ShandongRedAprilHoldingGroupCo.,Ltd.anditssubsidiaries | CompanyheldbytheCompany'ssupervisorandwheretheCompany'ssupervisoractsasexecutivedirectorandmanager. |
| HenanHongliElectricAppliancesSalesCo.,Ltd. | CompanieswherethesonoftheCompany'sdirectorsactsasexecutivedirectorsandgeneralmanagers |
| ZiboQiaopengTradeCo.,Ltd. | CompanywheretheyoungerbrotheroftheCompany'ssupervisoractsasanexecutivedirectorandmanager. |
| ShandongJieruiLogisticsCo.,Ltd. | CompanyheldbytheCompany'ssupervisor. |
| HunanGreenRenewableResourcesRecyclingCo.,Ltd. | CompanythathaveasignificantimpactonitbytheCompany. |
| WuhuGreenRenewableResourcesRecyclingCo.,Ltd. | CompanythathaveasignificantimpactonitbytheCompany. |
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | CompanyinwhichtheCompanyholdsover5.00%ofitsshares. |
Affiliatedtransaction
(1)Affiliatedtransactionsofpurchaseandsaleofcommodities,provisionandreceivinglaborservices
1)Purchaseofcommodities/receivinglaborservices
| Affiliatedparties | TypeofAffiliatedTransaction | ContentofAffiliatedTransactions | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| BeijingGreeTechnologyCo.,Ltd. | Materialprocurement | Accessories | 39,096,011.43 | 58,532,547.11 |
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | Materialprocurement | Rawmaterials | 1,823,440,035.04 | 2,527,902,885.40 |
| LanzhouGuangtongNewEnergyAutomobileCo.,Ltd. | Materialprocurement | Rawmaterials | 530,973.42 | |
| HunanGreenRenewableResourcesRecyclingCo.,Ltd. | Materialprocurement | Rawmaterials | 15,284.03 | 7,895,587.14 |
| SichuanJinshiLeasingCo.,Ltd.anditsholdingcompanies | Serviceprocurement | Interestexpense | 28,480,495.00 | |
| HenanYuzeFinanceLeasingCo.,Ltd. | Serviceprocurement | Interestexpense | 5,633,699.15 | 1,387,542.20 |
| OutlookAllMediaCo.,Ltd. | Serviceprocurement | Publicityandadvertisingfee | 1,849,056.61 | |
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | Serviceprocurement | Transportservice | 711,075.42 | |
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | Fixedassetprocurement | Equipmentprocurement | 531,000.00 | |
| ZhejiangTongchengGreeElectricAppliancesCo.,Ltd.anditsholdingcompanies | Acceptmoneydeposits | Interestexpense | 83.91 | 85.02 |
| Affiliatedparties | TypeofAffiliatedTransaction | ContentofAffiliatedTransactions | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| HenanShengshiXinxingGreeTradeCo.,Ltd. | Acceptmoneydeposits | Interestexpense | 57.58 | 7,700.16 |
| ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | Acceptmoneydeposits | Interestexpense | 96.10 | |
| ShandongMeiliPropertyCo.,Ltd. | Acceptmoneydeposits | Interestexpense | 0.17 | |
| DunAn(Tianjin)EnergySavingSystemCo.,Ltd.anditsholdingcompanies | Serviceprocurement | Designservices | 18,867.92 | |
| Total | 1,898,457,582.90 | 2,597,575,499.91 |
2)Scheduleofcommoditysold/servicesprovided
| Affiliatedparties | TypeofAffiliatedTransaction | ContentofAffiliatedTransactions | Amountincurredincurrentperiod | Amountincurredforthepreviousperiod |
| BeijingGreeTechnologyCo.,Ltd. | Loan | Interestincome | 939,755.42 | 1,055,231.60 |
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | Loan | Interestincome | 11,901.29 | 8,055.86 |
| HenanShengshiXinxingGreeTradeCo.,Ltd. | Loan | Commissionincome | 4.91 | 14.62 |
| ZhejiangTongchengGreeElectricAppliancesCo.,Ltd.anditsholdingcompanies | Loan | Commissionincome | 9.91 | |
| ShandongMeiliPropertyCo.,Ltd. | Loan | Commissionincome | 5.19 | |
| ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | Saleofgoods | Salesrevenue | 5,731,889,146.80 | 6,174,062,804.40 |
| HenanShengshiXinxingGreeTradeCo.,Ltd. | Saleofgoods | Salesrevenue | 4,142,114,712.28 | 2,817,582,876.54 |
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | Saleofgoods | Salesrevenue | 886,224,374.20 | 1,066,814,988.67 |
| HenanHuizhongYifengE-commerceCo.,Ltd. | Saleofgoods | Salesrevenue | 101,355,077.81 | 86,581,480.47 |
| LanzhouGuangtongNewEnergyAutomobileCo.,Ltd. | Saleofgoods | Salesrevenue | 569,555.04 | |
| BeijingGreeTechnologyCo.,Ltd. | Saleofgoods | Salesrevenue | 417,472.01 | 154,826.18 |
| EocellLimited | Saleofgoods | Salesrevenue | 27,570.07 | |
| ETRLawFirm | Saleofgoods | Salesrevenue | 10,250.01 | 29,989.22 |
| HenanYuzeFinanceLeasingCo.,Ltd. | Saleofgoods | Salesrevenue | 3,074.34 | 10,662.83 |
| HunanGreenRenewableResourcesRecyclingCo.,Ltd. | Saleofgoods | Salesrevenue | 2,160.00 | |
| ShandongRedAprilHoldingGroupCo.,Ltd.anditssubsidiaries | Saleofgoods | Salesrevenue | 152,586.11 | |
| HenanHongliElectricAppliancesSalesCo.,Ltd. | Saleofgoods | Salesrevenue | 14,158.41 | |
| ZiboQiaopengTradeCo.,Ltd. | Saleofgoods | Salesrevenue | 452.83 | |
| Total | 10,863,565,054.18 | 10,146,468,142.84 |
(2)Associatedtrusteeshipmanagement/contractingorentrustedmanagement/contractawarding
None.
(3)Associatedlease
1)TheCompanyastheLessor:
| NameoftheLeasee | TypeofLeasedAssets | RecognizedRentalIncome | |
| Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | ||
| ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | Leaseoffixedassets | 884.96 | |
| NameoftheLeasee | TypeofLeasedAssets | RecognizedRentalIncome | |
| Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | ||
| Total | 884.96 | ||
2)TheCompanyastheLeasee:
None.
(4)AssociatedguaranteeNone.
(5)Fundlendingamongaffiliatedparties
None.
(6)Assettransferanddebtrestructuringofaffiliatedparties
None.
(7)Remunerationsforkeymanagementpersonnel
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Remunerationsforkeymanagementpersonnel | 31,583,041.09 | 28,776,688.73 |
(8)Otheraffiliatedtransactions
None.
6.Receivablesandpayablesofaffiliatedparties
(1)Receivables
| Item | Affiliatedparties | EndingBalance | BeginningBalance | ||
| Bookbalance | Baddebtreserves | Bookbalance | Baddebtreserves | ||
| Accountsreceivable | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 287,911,901.16 | 14,395,595.07 | 275,974,949.72 | 13,798,747.48 |
| Accountsreceivable | LanzhouGuangtongNewEnergyAutomobileCo.,Ltd. | 180,395,669.13 | 94,149,507.45 | 149,538,519.93 | 20,262,046.82 |
| Accountsreceivable | WuhuGreenRenewableResourcesRecyclingCo.,Ltd. | 6,053,077.41 | 3,026,538.71 | 6,053,077.41 | 1,210,615.48 |
| Receivablesfinancing | HenanShengshiXinxingGreeTradeCo.,Ltd. | 1,336,259,825.18 | 1,682,308,050.00 | ||
| Receivablesfinancing | ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | 748,666,894.28 | 563,643,910.00 | ||
| Receivablesfinancing | ShandongJieruiLogisticsCo.,Ltd. | 312,596,763.66 | 807,003.00 | ||
| Receivablesfinancing | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 221,903,936.78 | 209,459,790.34 | ||
| Receivablesfinancing | ShandongRedAprilHoldingGroupCo.,Ltd.anditssubsidiaries | 189,907,561.46 | |||
| Receivablesfinancing | ZhejiangTongchengGreeElectricAppliancesCo.,Ltd.anditsholdingcompanies | 54,569,724.30 | 7,212,720.20 | ||
| Receivablesfinancing | HenanHongliElectricAppliancesSalesCo.,Ltd. | 254,056,500.00 | |||
| Prepayments | SichuanJinshiLeasingCo.,Ltd.anditsholdingcompanies | 12,164,450.00 | |||
| Item | Affiliatedparties | EndingBalance | BeginningBalance | ||
| Bookbalance | Baddebtreserves | Bookbalance | Baddebtreserves | ||
| Prepayments | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 2,349,194.19 | 159,295.76 | ||
| Prepayments | BeijingGreeTechnologyCo.,Ltd. | 21,117.45 | |||
| Otherreceivables | DunAn(Tianjin)EnergySavingSystemCo.,Ltd.anditsholdingcompanies | 172,380,562.38 | 86,190,281.19 | ||
| Otherreceivables | SichuanJinshiLeasingCo.,Ltd.anditsholdingcompanies | 20,000,000.00 | 3,000,000.00 | 20,050,000.00 | 1,002,500.00 |
| Otherreceivables | HenanYuzeFinanceLeasingCo.,Ltd. | 2,000,000.00 | 100,000.00 | ||
| Otherreceivables | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 5,000.00 | 350.00 | ||
| Contractassets | LanzhouGuangtongNewEnergyAutomobileCo.,Ltd. | 4,866,569.63 | 1,946,627.85 | 35,730,398.83 | 3,908,613.13 |
| Contractassets | WuhanDigitalDesignandManufacturingInnovationCenterCo.,Ltd. | 230,520.00 | 11,526.00 | ||
| Othernon-currentassets | SichuanJinshiLeasingCo.,Ltd.anditsholdingcompanies | 18,500,000.00 | 2,775,000.00 | 18,450,000.00 | |
| Total | 3,568,552,247.01 | 205,483,900.27 | 3,225,674,735.19 | 40,294,048.91 | |
(2)Payables
| Item | Affiliatedparties | EndingBalance | BeginningBalance |
| Acceptmoneydeposits | ZhejiangTongchengGreeElectricAppliancesCo.,Ltd.anditsholdingcompanies | 16,124.33 | 16,034.42 |
| Acceptmoneydeposits | HenanShengshiXinxingGreeTradeCo.,Ltd. | 11,323.41 | 10,965.83 |
| Accountspayable | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 184,621,746.92 | 315,231,596.28 |
| Accountspayable | LanzhouGuangtongNewEnergyAutomobileCo.,Ltd. | 17,001,014.00 | 16,931,987.45 |
| Accountspayable | BeijingGreeTechnologyCo.,Ltd. | 8,942,070.53 | 7,746,578.74 |
| Accountspayable | WuhuGreenRenewableResourcesRecyclingCo.,Ltd. | 3,789,547.79 | 3,789,547.79 |
| Accountspayable | HunanGreenRenewableResourcesRecyclingCo.,Ltd. | 2,437,065.09 | 2,455,852.10 |
| Accountspayable | HenanShengshiXinxingGreeTradeCo.,Ltd. | 249,988.68 | 249,988.68 |
| Otherpayables | HenanYuzeFinanceLeasingCo.,Ltd. | 20,065,000.00 | |
| Otherpayables | ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | 21,617.37 | 371,617.37 |
| Otherpayables | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 12,200.00 | 12,200.00 |
| Otherpayables | ZhejiangTongchengGreeElectricAppliancesCo.,Ltd.anditsholdingcompanies | 204.24 | 204.24 |
| Otherpayables | ShandongJieruiLogisticsCo.,Ltd. | 0.26 | 0.26 |
| Contractliabilities | HenanShengshiXinxingGreeTradeCo.,Ltd. | 589,585,262.00 | 1,467,255,376.86 |
| Contractliabilities | ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | 368,281,472.85 | 711,732,407.73 |
| Contractliabilities | HenanHuizhongYifengE-commerceCo.,Ltd. | 5,780,268.45 | |
| Contractliabilities | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 416,534.37 | 82,274.34 |
| Othercurrentliabilities | HenanShengshiXinxingGreeTradeCo.,Ltd. | 76,646,084.07 | 190,743,199.00 |
| Othercurrentliabilities | ZhejiangShengshiXinxingGreeTradeCo.,Ltd. | 47,876,591.48 | 92,525,213.00 |
| Item | Affiliatedparties | EndingBalance | BeginningBalance |
| Othercurrentliabilities | HenanHuizhongYifengE-commerceCo.,Ltd. | 751,496.78 | |
| Othercurrentliabilities | ShanghaiHighly(Group)Co.,Ltd.anditsholdingsubsidiaries | 54,149.47 | 10,695.66 |
| Long-termpayables | SichuanJinshiLeasingCo.,Ltd.anditsholdingcompanies | 83,990,713.19 | 284,365,068.96 |
| Long-termpayables | HenanYuzeFinanceLeasingCo.,Ltd. | 16,053,322.20 | 66,568,502.22 |
| Non-currentliabilitiesduewithinoneyear | SichuanJinshiLeasingCo.,Ltd.anditsholdingcompanies | 129,789,372.21 | 57,772,199.14 |
| Non-currentliabilitiesduewithinoneyear | HenanYuzeFinanceLeasingCo.,Ltd. | 34,595,617.06 | 23,069,527.48 |
| Total | 1,590,988,786.75 | 3,240,941,037.55 |
7.Commitmentofaffiliatedparties
None.
XIShare-basedpayment
1.Overallsituationofshare-basedpayment
| Item | Content |
| Totalamountofequityinstrumentsgrantedthisyear | None |
| Totalamountofequityinstrumentsexercisedthisyear | None |
| Totalamountofvariousequityinstrumentsthathaveexpiredthisyear | None |
| Theexercisepricerangeandremainingcontracttermofsharesissuedtothepublicattheendoftheyear | RMB24.68/share;halfayear. |
2.Equitysettledshare-basedpayments
| Item | Content |
| Methodfordeterminingthefairvalueofequityinstrumentsonthegrantdate | TheCompanydeterminesthefairvalueoftheemployeestockownershipplanbydeductingthegrantpricefromthemarketpriceonthegrantdate. |
| Basisfordeterminingthenumberofexercisableequityinstruments | Byassessingthecompany'sperformanceandindividualperformanceperyear,theCompanytakesthenumberofequityinstrumentsheldbyincentivetargetsachievingtheassessmentgoalsasthebasis.Oneachbalancesheetdateduringthevestingperiod,theCompanymakesthebestestimateofsubsequentinformationsuchasthelatestchangeinnumberofvestingemployeestocorrecttheestimatednumberofvestedequityinstruments.Onthevestingdate,thefinalestimatednumberofexercisableequityinstrumentsisconsistentwiththeiractualnumber. |
| Reasonsforsignificantdifferencesbetweenestimatesinthecurrentyearandthepreviousyear | None |
| Accumulatedamountofequitysettledshare-basedpaymentsrecognizedincapitalreserves | 401,230,794.81 |
| Totalexpensesrecognizedforequitysettledshare-basedpaymentsthisyear | 370,227,884.10 |
3.Cashsettledshare-basedpayments
None.
4.Amendmentandterminationofshare-basedpayment
Undertheresolutionofthe5thmeetingofthe12thBoardofDirectors,theCompanyadjustedtheperformanceassessmentindicatorsofthephaseIemployeestockownershipplan;
(1)Assessmentindicatorsbeforeamendment.Thefirstvestingperiod:Thenetprofitin2021shouldincreasebynolessthan10%comparedwiththatin2020,andthecashdividendpershareshouldnotbelessthanRMB2orthetotalcashdividendshouldnotbelessthan50%ofthenetprofitinthecurrentyear.Thesecondvestingperiod:Thenetprofitin2022shallincreasebynolessthan20%comparedwiththatin2020,andthecashdividendpershareshallnotbelessthanRMB2orthetotalcashdividendshallnotbelessthan50%ofthenetprofitinthecurrentyear.Upontheexpirationofthefirstvestingperiod,iftheCompany'sperformanceassessmentindicatorsdonotmeetthestandards,alltheattributablesharesinthefirstperiodwillbedeferredtothesecondvestingperiodforconsolidatedassessment.IftheCompany'sperformanceassessmentindicatorsinthesecondvestingperiodmeettheassessmentstandards,andthetotalnetprofitsin2021and2022arenotlessthan230%ofthenetprofitsin2020,themanagementcommitteewillvesttheattributablestockequityinbothtwoperiodsbasedontheindividualperformanceassessmentresultsoftheemployees.
(2)Assessmentindicatorsafteramendment.Thefirstvestingperiod:Thenetprofitin2021shouldincreasebynolessthanRMB1billioncomparedwiththatin2020,andthecashdividendspershareshouldnotbelessthanRMB2orthetotalcashdividendsshouldnotbelessthan50%ofthenetprofitinthecurrentyear.Thesecondvestingperiod:Thenetprofitin2022shouldincreasebynolessthanRMB2billioncomparedwiththatin2020,thereturnonequity(ROE)oftheCompanyin2022shouldnotbelessthan22%,andthecashdividendpershareshouldnotbelessthanRMB2orthetotalcashdividendshouldnotbelessthan50%ofthenetprofitinthecurrentyear.Upontheexpirationofthefirstvestingperiod,iftheCompany'sperformanceassessmentindicatorsdonotmeetthestandards,alltheattributablesharesinthefirstperiodwillbedeferredtothesecondvestingperiodforconsolidatedassessment.IftheCompany'sperformanceassessmentindicatorsinthesecondvestingperiodmeettheassessmentstandards,andthetotalincreaseinnetprofitfor2021and2022comparedwiththatin2020isnotbelessthanRMB3billion,themanagementcommitteewillvesttheattributablestockequityinbothtwoperiodsbasedontheindividualperformanceassessmentresultsoftheemployees.XIICommitmentsandcontingencies
1.ImportantcommitmentsOnDecember10,2018,DunAnEnvironmentandShuifaEnergyGroupCo.,Ltd.(hereinafterreferredtoas"ShuifaEnergy")reachedandsignedaStrategicCooperationAgreementontheproposedsalesofmainassetsandbusinessesofDunAn(Tianjin)EnergySavingSystemCo.,Ltd.(hereinafterreferredtoas"TianjinEnergySaving")formDunAnEnvironmenttoShuifaEnergy,including100%equityofChangyuanDunAnEnergySavingHeatingCo.,Ltd.,75%equityofHebiDunAnHeatingCo.,Ltd.,100%equityofShandongAoxiangElectricPowerEngineeringDesignConsultingCo.,Ltd.,100%equityofYongjiDunAnHeatingCo.,Ltd.,andYuanpingBranchofDunAn(Tianjin)EnergySavingSystemCo.,Ltd.,allaboveheldbyTianjinEnergySaving.Uponmultipleroundsofnegotiations,onNovember21,2019,ZhejiangDunAnEnergySavingTechnologyCo.,Ltd.(hereinafterreferredtoas"ZhejiangEnergySaving"),awholly-ownedsubsidiaryofDunAnEnvironment,reachedanequitytransferagreementwithShuifaEnergytotransferits65%equityinTianjinEnergySavingtoShuifaEnergy.OnDecember30,2019,TianjinEnergySavingcompletedthechangesinindustrialandcommercialregistration,changeditslegalrepresentative,re-electedmembersofitsboardofdirectors,andreviseditsarticlesofassociation.UndertheEquityTransferAgreement,thecommitmentperiodofbothpartiesregardingtheperformanceofTianjinEnergySavingisfrom2019to2022.ZhejiangEnergySavingcommittedthattheauditednetprofitsdeductingnon-recurringprofitsandlosses(excludingvariousoperationalandpolicysubsidies)ofTianjinEnergySavingwillnotbelessthanRMB74,766,900,RMB97,368,400,RMB98,368,700,andRMB106,153,100,respectively.Withintheaforementionedcommitmentperiod,ifthecumulativeperformancereachesthetotalnetprofitforfouryears,theperformancecommitmentshallbedeemedascompleted.Attheendofthecommitmentperiod,performancecompensationiscalculatedbasedontheAuditReportofDunAn(Tianjin)EnergySavingSystemCo.,Ltd.(No.:XYZH/2023JNAA7B0026)providedbyDunAnEnvironmentandissuedbytheShandongBranchofShineWing(SpecialGeneralPartnership)onMarch1,2023,andincludedinthelong-termequityinvestmentincome;meanwhile,thecalculationmethodofperformancecommitmentstipulatedintheEquityTransferAgreementsignedbetweenZhejiangEnergySavingandShuifaEnergyisunderconfirmationwithShuifaEnergy.
2.Contingencies
(1)InDecember2015,SunshineLifeInsuranceCorporationLimited(hereinafterreferredtoas"SunshineInsurance")andGreeAltairnanoNewEnergyInc.(hereinafterreferredtoas"GreeAltairnanoNewEnergy")andtheoriginalmajorshareholderZhuhai
YinlongInvestmentHoldingGroupCo.,Ltd.(hereinafterreferredtoas"YinlongGroup")anditsactualcontrollerWeiYincangsignedacapitalincreaseagreementandasupplementaryagreement,agreedtoincreasecapitalbyRMB1billionfromSunshineInsurancetoGreeAltairnanoNewEnergy,andagreedona"valuationadjustmentmechanismonperformance."Later,duetounsatisfactoryperformance,SunshineInsurancefiledanarbitrationattheShenzhenInternationalArbitrationCourt,claimingperformancecompensationfromGreeAltairnanoNewEnergyandYinlongGroup,aswellasWeiYincang.ThespecificclaimswereaprincipalofRMB1billionandinterestofoverRMB150million,totalingoverRMB1.15billion.Underthecapitalincreaseagreementandsupplementaryagreement,YinlongGroupandWeiYincangbearthedirectresponsibilityforperformancecompensation,andGreeAltairnanoNewEnergybearsindirectresponsibilityforthedebtastheperformancedoesnotreachtheagreedstandard.Thiscaseiscurrentlywaitingforthearbitralcourttoinvestigateandobtainevidenceandrulingupontwohearingsandseveralwrittenexchangesofopinions.TheamountoflitigationcostrequiredtobebornebyGreeAltairnanoNewEnergycanhardlybeestimatedyet.Acapitalincreaseagreementsimilarto"valuationadjustmentmechanismonperformance"withSunshineInsuranceinvolvesatotalof7shareholders(excludingSunshineInsurance),withaninvestmentprincipalofRMB1.11billion.
(2)UndertheEquityTransferAgreementsignedbetweenZhejiangEnergySavingandShuifaEnergyonNovember21,2019,the65%equityofTianjinEnergySavingheldbyZhejiangEnergySavingshallbetransferredtoShuifaEnergy,andZhejiangEnergySavingshallbearanycontingentliabilitiesexistingbeforetheauditbasedate.OnApril28,2017,HongyiConstructionGroupCo.,Ltd.(hereinafterreferredtoas"HongyiGroup")andChangyuanDunAnEnergySavingHeatingCo.,Ltd.(hereinafterreferredtoas"ChangyuanDunAn"),asubsidiaryofTianjinEnergySaving,signedaconstructioncontractfortheCentralHeatingWorkoftheChangyuanDunAnHeatingProject(2017expansionproject).OnJuly30,2018,bothpartiessignedaconstructioncontractforthe2018InstallationWorkoftheSecondaryPipeNetworkandRisersintheBuildingoftheChangyuanEnergySavingCentralHeatingProject.DuetothefailuretopaytheprojectpaymentofRMB22,745,500intime,HongyiGroupfiledtotheCourtforconservatorymeasuresagainstZhejiangEnergySaving'spropertyworthRMB20,949,800.ShuifaEnergyfieldtothecourtforconservatorymeasuresagainstZhejiangEnergySaving'spropertyworthRMB26millionduetothepaymentofcontingentliabilitiesbyTianjinEnergySavinganditssubsidiaries.DunAnEnvironmentisactivelyhiringintermediaryagenciestoauditthecostsofaboveworksofenergysavingprojecttodeterminetheamountoftheaforementionedcontingentliabilities,butasofthebasedate,thespecificamountofthesecontingentliabilitiescannotbedeterminedyet.Fortheundeterminedamountofcontingentliabilitiesmentionedabove,DunAnEnvironmenthasaccountedfora50%ratioofbaddebtreservesbasedonatotalofRMB393,880,562.38ofdebtsreceivablefromTianjinEnergySavingandShuifaEnergyattheendoftheperiod.
(3)OnJune23,2017,ZhejiangDunAnPrecisionIndustriesGroupCo.,Ltd.(hereinafterreferredtoas"DunAnPrecisionIndustries")andtheZhejiangBranchofChinaExport-ImportBank(hereinafterreferredtoas"EXIMBC")signedaloancontract(ExportSellerCredit)withthenumberof(2017)JCY(ZXH)ZNo.1-030.TheloancontractwasextendedonJune20,2018andDecember13,2018bysigningextensionagreements,respectively;andasupplementaryagreementwassignedonMay14,2019.Asofnow,theoutstandingloanofDunAnPrecisionIndustriesisRMB55million.TheEXIMBChassuedDunAnPrecisionIndustries,ZhejiangDunAnHetianMetalsCo.,Ltd.(hereinafterreferredtoas"DunAnHetian"),andZhejiangDunAnInternationalTradeCo.,Ltd.(hereinafterreferredtoas"DunAnInternationalTrade")withthemastheactualusersoftheloan,claimingthatthethreedefendantsjointlyrepaytheloanprincipalofRMB55millionandinterest,aswellastheattorneyfeesandotherexpenses,andDunAnHoldingshallbearjointandseveralliabilities.OnMay5,2022,undertheCivilJudgmentofHangzhouIntermediatePeople'sCourtinZhejiangProvince(2021)(Z01MCNo.2806),thelitigationrequestfororderingDunAnHetianandDunAnInternationalTradetoreturntheprincipal,interest,andattorneyfeestoEXIMBChasbeenrejectedunderthelaw.Giventhattheplaintiff,ZhejiangBranchofChinaExport-ImportBank,didnotfileanappealwithinthestatutoryterm,thefirstinstancejudgmenthascomeintoforce.
3.Others
None.
XIIIMattersafterthebalancesheetdate
1.Importantnon-adjustmentmatters
None.
2.Distributionofprofits
Undertheresolutionatthe12thmeetingofthe12thsessionoftheBoardofDirectors,theCompany'sprofitdistributionplanfor2022isasfollows:SincethetotalsharesentitledtoprofitdistributionasofApril28,2023,totaling5，613,841,613shares(totalsharecapitalof5,631,405,741sharesless17,564,128sharesheldintheCompany'srepoaccount),isproposedasthebasetemporarily,theCompanyplanstodistributeacashdividendofRMB10(taxinclusive)per10sharestoallshareholders,totalingRMB5,613,841,613.ThisdistributionplanstillrequiresapprovaloftheGeneralMeetingofShareholders.
3.SalesreturnNoimportantsalesreturnoccurredafterthebalancesheetdate.
4.Othermattersafterthebalancesheetdate
None.
XIVOtherimportantmatters
1.CorrectionofaccountingerrorsinthepreviousperiodNone.
2.Debtrestructuring
None.
3.Assetreplacement
(1)Exchangeofnon-monetaryassetsNone.
(2)ReplacementofotherassetsNone.
4.AnnuityplanNone.
5.Discontinuedoperation
| Item | Revenue | Expense | Totalprofits | Incometaxexpenses | NetProfits | Profitfromdiscontinuedoperationattributabletoownersofparentcompany |
| Gree(USA)SalesCo.,Ltd. | 128,476.41 | -128,476.41 | 5,392.08 | -133,868.49 | -133,868.49 | |
| ShanxiYinlongGuangtongNewEnergyVehicleSalesCo.,Ltd. | 73,939.58 | -73,939.58 | -73,939.58 | -73,939.58 |
(Continued)
| Item | Netcashflowsfromoperatingactivities | Netcashflowsfrominvestmentactivities | Netcashflowsfromfinancingactivities |
| Gree(USA)SalesCo.,Ltd. | -133,868.50 | ||
| ShanxiYinlongGuangtongNewEnergyVehicleSalesCo.,Ltd. | -5,404.47 |
6.Otherimportanttransactionsandmattersaffectinginvestordecisions
(1)TheCompanyregistersvariousdebtfinancinginstrumentsandissuesSCPs
The2021AnnualGeneralMeetingofShareholdersdeliberatedandapprovedtheProposalonProposedApplicationforUnifiedRegistrationofVariousDebtFinancingInstruments,andagreedtoapplyforunifiedregistrationofvariousdebtfinancinginstruments,withthetotalamountnotexceedingRMB20billion(inclusive).ThevarietiesofdebtfinancinginstrumentsincludeSCPs,commercialpapers(CPs),medium-termnotes(MTNs),asset-backedmedium-termnotes(ABNs),perpetualnotes(PNs),privateplacementnotes(PPNs).TheNationalAssociationofFinancialMarketInstitutionalInvestors(hereinafterreferredtoasthe"NAFMII")hasagreedtotheregistrationoftheCompany'sdebtfinancinginstrumentsandissuedtheNoticeofAcceptanceofRegistration.TheregistrationoftheCompany'sdebtfinancinginstrumentsisvalidfortwoyearsfromthedatestipulatedontheNoticeofAcceptanceofRegistration,andisunderwrittenbytheAgriculturalBankofChina.TheCompanymaypubliclyissueserialSCPs,CPs,MTNs,ABNs,PNs,greendebtfinancinginstrumentsandotherproductswithintheregistrationvalidityperiod,andmayalsoissuerelatedproductsinintroduction.Thecurrentmainunderwriter,issuingproducts,issuingscale,issuingperiodandotherfactorsshallbedeterminedateachissue.Aftertheissuanceiscompleted,theissuanceresultsshallbedisclosedthroughchannelsrecognizedbytheNAFMII.AccordingtotheCompany'sfundingplanandinterbankmarketsituation,fromMarch27toMarch28,2023,theCompanyissuedthephaseIgreenSCPsfortheyear2023,withanactualtotalissuanceamountofRMB900million,whichisexpectedtobecashedonOctober25,2023.
(2)TheCompanyimplementsthephaseIIemployeestockownershipplan
OnMay20,2022,theCompanyheldthe5thmeetingofthe12thBoardofDirectorsandapprovedtheProposalonthePhaseIIEmployeeStockOwnershipPlan(Draft)ofGreeElectricAppliances,Inc.ofZhuhai(hereinafterreferredtoasthe"PhaseIIEmployeeStockOwnershipPlan")andtheProposalonRequestingtheGeneralMeetingofShareholderstoAuthorizetheBoardofDirectorstoHandleMattersRelatedtothePhaseIIEmployeeStockOwnershipPlanoftheCompany.ThepriceforpurchasingtheCompany'sreposharesunderthephaseIIemployeestockownershipplanisRMB16.36/share,whichis50%oftheclosingpriceofRMB32.72/shareonthetradingdaybeforetheBoardMeeting.ThenumberofsharescoveredbythephaseIIemployeestockownershipplanshallnotexceed94,728,008.TheperformanceassessmentindicatorsoftheCompanyareasfollows:Inthefirstassessmentperiod,thenetprofitin2022shouldincreasebynolessthanRMB2billioncomparedwiththatin2020,andthenetROEoftheCompanyin2022shouldnotbelessthan22%,thecashdividendpershareoftheyearshouldnotbelessthanRMB2,orthetotalcashdividendshouldnotbelessthan50%ofthenetprofitinthecurrentyear.Inthesecondassessmentperiod,thenetprofitin2023shouldincreasebynolessthanRMB3billioncomparedwiththatin2020,andthenetROEoftheCompanyin2023shouldnotbelessthan21%,thecashdividendpershareoftheyearwillnotbelessthanRMB2,orthetotalcashdividendshouldnotbelessthan50%ofthenetprofitinthecurrentyear.Upontheexpirationofthefirstvestingperiod,iftheCompany'sperformanceassessmentindicatorsdonotmeetthestandards,alltheattributablesharesinthefirstperiodwillbedeferredtothesecondvestingperiodforconsolidatedassessment.IftheCompany'sperformanceassessmentindicatorsinthesecondvestingperiodmeettheassessmentstandards,andthetotalincreaseinnetprofitfor2022and2023comparedwiththatin2020isnotbelessthanRMB5billion,themanagementcommitteewillvesttheattributablestockequityinbothtwoperiodsbasedontheindividualperformanceassessmentresultsoftheemployees.IndividualperformanceassessmentissubjecttotheCompany'sinternalindividualperformanceassessmentmeasures.OnAugust5,2022,theCompanydistributedacashdividendofRMB2(taxinclusive)persharetoallshareholders,completingthe2021annualequitydistribution.Undertheaboveregulations,thepriceforpurchasingtheCompany'sreposharesinthephaseIIemployeestockownershipplanwasadjustedfromRMB16.36persharetoRMB14.36pershare.OnFebruary6,2023,theCompanyreceivedtheConfirmationofSecuritiesTransferRegistrationfromtheShenzhenBranchofCSDC.TheCompany'srepospecialsecuritiesaccounttransferred77,163,880sharestothespecialaccountforthe"GreeElectricAppliances,Inc.ofZhuhai-PhaseIIEmployeeStockOwnershipPlan"throughnon-transactiontransferonFebruary3,2023,accountingfor1.37%oftheCompany'stotalsharecapital,withatotalpurchaseamountofRMB1,108,073,316.80.
(3)Companyguarantee
AsofDecember31,2022,thetotalamountofguaranteesprovidedbyGreeAltairnanoNewEnergy,aholdingsubsidiaryoftheCompany,wasRMB4,367,747,000,ofwhichthetotalamountofguaranteesprovidedbyGreeAltairnanoNewEnergytoitssubsidiariesforshort-termborrowings,long-termloans,accountspayable(EICT),bankacceptancebillsissued,long-termpayablesandotherfundswasRMB1,723,248,700;thetotalamountofguaranteesprovidedtocompaniesoutsidetheConsolidatedStatementswas
RMB2,644,498,300(whichisthestockguaranteeprovidedbyGreeAltairnanoNewEnergytoitscustomerssuchaspublictransportcompaniesforvehiclepurchasebusinessbyfinanciallease).
(4)Financialsupport
1)GreeAltairnanoNewEnergyInc.,aholdingsubsidiaryoftheCompany,providedfinancialloansofRMB94,200,RMB681,400,RMB23,019,800andRMB17,200respectivelytoitsoriginalshareholderanditsaffiliatedpartiesWeiYincang,SunGuohua,ZhuhaiYinlongInvestmentHoldingGroupCo.,Ltd.AsofthedateofthisAnnualReport,theaforesaidloanshavenotbeenrecovered.
2)OnNovember21,2019,ZhejiangDunAnEnergySavingTechnologyCo.,Ltd.(hereinafterreferredtoas"ZhejiangEnergySaving"),aholdingsubsidiaryoftheCompany,signedanequitytransferagreementwithShuifaEnergyGroupCo.,Ltd.(hereinafterreferredtoas"ShuifaEnergy").ZhejiangEnergySavingagreedtotransferits65%equityandrelatedrightsofcreditorofTianjinEnergySaving(anditssubsidiariesandbranches)toShuifaEnergy(hereinafterreferredtoas"TianjinEnergySavingEquityTransfer"),withanequitytransferpriceofRMB390million,apaymentforrightsofcreditortransferofRMB390million,totalingRMB780million;afterthecompletionoftheTianjinEnergySavingEquityTransfer,theshareholdingratioofZhejiangEnergySavinginTianjinEnergySavingdecreasedfrom100%to35%,andTianjinEnergySavingbecameajointstockcompanyoftheCompany.ZhejiangEnergySaving'screditofRMB60milliontoTianjinEnergySavingtherebyformedpassivefinancialsupport.BeforeShuifaEnergypaidfortherightsofcreditortransfer,ZhejiangEnergySavinghadacreditofRMB600milliontoTianjinEnergySaving,formingfinancialsupportofRMB600million;AfterShuifaEnergypaidRMB390millionfortherightsofcreditortransferundertheEquityTransferAgreement,ZhejiangEnergySavinghadaremainingcreditofRMB210milliontoTianjinEnergySaving,formingfinancialsupportofRMB210million.
XVNotestomainitemsoffinancialstatementsoftheparentcompany
1.Accountsreceivable
(1)Accountsreceivabledisclosedbyaccountage
| Accountage | EndingBalance |
| Within1year | 2,801,488,718.60 |
| 1?2years | 122,421,456.35 |
| 2?3years | 19,975,735.77 |
| Over3years | 20,339,910.40 |
| Subtotal | 2,964,225,821.12 |
| Less:Baddebtreserves | 152,602,498.35 |
| Total | 2,811,623,322.77 |
(2)Disclosureofaccountsreceivableclassification
| Category | EndingBalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Proportion(%) | Amount | Creditlossrate(%) | ||
| Accountsreceivablewithbaddebtreservesaccruedbyindividualitem | 4,715,115.32 | 0.16 | 4,715,115.32 | 100.00 | |
| Accountsreceivablewithbaddebtreservesaccruedbyportfolios | 2,959,510,705.80 | 99.84 | 147,887,383.03 | 5.00 | 2,811,623,322.77 |
| Including:accountageportfolio | 2,113,830,562.80 | 71.31 | 147,887,383.03 | 7.00 | 1,965,943,179.77 |
| Free-riskportfolios | 845,680,143.00 | 28.53 | 845,680,143.00 | ||
| Total | 2,964,225,821.12 | 100.00 | 152,602,498.35 | 5.15 | 2,811,623,322.77 |
(Continued)
| Category | BeginningBalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Proportion(%) | Amount | Creditlossrate(%) | ||
| Accountsreceivablewithbaddebtreservesaccruedbyindividualitem | 4,715,115.32 | 0.12 | 4,715,115.32 | 100.00 | |
| Accountsreceivablewithbaddebtreservesaccruedbyportfolios | 3,867,631,846.10 | 99.88 | 182,011,896.81 | 4.71 | 3,685,619,949.29 |
| Including:accountageportfolio | 3,127,809,201.36 | 80.77 | 182,011,896.81 | 5.82 | 2,945,797,304.55 |
| Free-riskportfolios | 739,822,644.74 | 19.11 | 739,822,644.74 | ||
| Total | 3,872,346,961.42 | 100.00 | 186,727,012.13 | 4.82 | 3,685,619,949.29 |
1)Accountsreceivablewithbaddebtreservesaccruedbyindividualitem:
| CompanyName | EndingBalance | |||
| Bookbalance | Baddebtreserves | Creditlossrate(%) | Reasonforaccruing | |
| Unit1 | 4,715,115.32 | 4,715,115.32 | 100.00 | Itisexpectedtobedifficulttoberecoveredinfull |
| Total | 4,715,115.32 | 4,715,115.32 | 100.00 | |
2)Intheportfolio,accountsreceivablewithbaddebtreservesaccruedbyaccountageportfolio:
| Accountage | Bookbalance | Baddebtreserves | Creditlossrate(%) |
| Within1year | 1,955,808,575.60 | 97,790,428.79 | 5.00 |
| 1?2years | 122,421,456.35 | 24,484,291.27 | 20.00 |
| 2?3years | 19,975,735.77 | 9,987,867.89 | 50.00 |
| Over3years | 15,624,795.08 | 15,624,795.08 | 100.00 |
| Total | 2,113,830,562.80 | 147,887,383.03 | 7.00 |
(3)Baddebtreservesaccrued,recoveredorreversedinthecurrentperiod
| Category | BeginningBalance | Recoveryorreversalinthecurrentperiod | EndingBalance |
| Accrualbyindividualitem | 4,715,115.32 | 4,715,115.32 | |
| Accountageportfolio | 182,011,896.81 | 34,124,513.78 | 147,887,383.03 |
| Total | 186,727,012.13 | 34,124,513.78 | 152,602,498.35 |
[Note]Noimportantrecoveryorreversalofbaddebtreservesduringthecurrentperiod.
(4)Accountsreceivableactuallywrittenoffinthecurrentperiod:
None.
(5)Accountsreceivableofthetop5debtorsintermsofendingbalancecollectedbydebtors
| Nameofentity | EndingBalanceofAccountsReceivable | Proportion(%)totheTotalEndingBalanceofAccountsReceivable | EndingBalanceofBadDebtReserves |
| First | 943,104,423.38 | 31.82 | 47,155,221.17 |
| Second | 689,467,999.07 | 23.26 | |
| Third | 107,230,596.92 | 3.62 | 5,361,529.85 |
| Nameofentity | EndingBalanceofAccountsReceivable | Proportion(%)totheTotalEndingBalanceofAccountsReceivable | EndingBalanceofBadDebtReserves |
| Fourth | 89,675,044.46 | 3.03 | 4,483,752.22 |
| Fifth | 83,699,704.97 | 2.82 | 4,184,985.25 |
| Total | 1,913,177,768.80 | 64.55 | 61,185,488.49 |
(6)Accountsreceivablederecognizedduetothetransferoffinancialassets
None.
(7)Assetsandliabilitiesformedduetothetransferandcontinuousinvolvementofaccountsreceivable
None.
2.Otherreceivables
| Item | EndingBalance | BeginningBalance |
| Otherreceivables[Note1] | 3,602,220,649.55 | 2,076,879,180.43 |
| Total | 3,602,220,649.55 | 2,076,879,180.43 |
[Note1]Otherreceivablesinthetableaboverefertootherreceivablesafterdeductionofinterestreceivablesanddividendsreceivable;[Note2]TheCompanyhasnobeginningandendingbalanceofinterestsreceivableanddividendsreceivable.
(1)Dividendsreceivable
None.
(2)Otherreceivables
1)Otherreceivablesclassifiedbynature
| Natureofpayment | Endingbookbalance | Beginningbookbalance |
| Intercourseandfree-riskfunds | 3,611,496,688.61 | 2,083,804,977.50 |
| Less:Baddebtreserves | 9,276,039.06 | 6,925,797.07 |
| Total | 3,602,220,649.55 | 2,076,879,180.43 |
2)Accrualofbaddebtreserves
| Baddebtreserves | PhaseⅠ | PhaseⅡ | PhaseⅢ | Total |
| Expectedcreditlossesforthenext12months | Expectedcreditlossesfortheentireduration(nocreditimpairment) | Expectedcreditlossesfortheentireduration(creditimpairmentoccurred) | ||
| BeginningBalance | 1,918,422.41 | 5,007,374.66 | 6,925,797.07 | |
| Accrualinthecurrentperiod | 139,888.84 | 2,210,353.15 | 2,350,241.99 | |
| EndingBalance | 2,058,311.25 | 7,217,727.81 | 9,276,039.06 |
3)Disclosurebyaccountage
| Accountage | Bookbalance |
| Within1year | 3,593,232,529.73 |
| 1?2years | 8,697,524.27 |
| 2?3years | 8,176,823.31 |
| Accountage | Bookbalance |
| Over3years | 1,389,811.30 |
| Subtotal | 3,611,496,688.61 |
| Less:Baddebtreserves | 9,276,039.06 |
| Total | 3,602,220,649.55 |
4)Baddebtreservesaccrued,recoveredortransferredbackinthecurrentperiod
| Category | BeginningBalance | Currentaccrual/reversal | EndingBalance |
| Accountageportfolio | 6,925,797.07 | 2,350,241.99 | 9,276,039.06 |
| Total | 6,925,797.07 | 2,350,241.99 | 9,276,039.06 |
5)Otherreceivablesactuallywrittenoffinthecurrentperiod
None.
6)Otherreceivablesoftop5debtorsintermsofendingbalancecollectedbydebtors
| Nameofentity | Natureofpayment | EndingBalance | Accountage | Proportiontothetotalendingbalanceofotherreceivables(%) | EndingBalanceofBadDebtReserves |
| First | Free-riskfunds | 1,639,993,730.52 | Within1year | 45.41 | |
| Second | Free-riskfunds | 1,317,005,860.00 | Within1year | 36.47 | |
| Third | Free-riskfunds | 255,752,915.46 | Within1year | 7.08 | |
| Fourth | Free-riskfunds | 173,610,000.00 | Within1year | 4.81 | |
| Fifth | Free-riskfunds | 116,036,705.58 | Within1year | 3.21 | |
| Total | 3,502,399,211.56 | 96.98 |
7)Receivablesinvolvinggovernmentgrants
None.
8)Otherreceivablesderecognizedduetothetransferoffinancialassets
None.
9)Assetsandliabilitiesformedduetothetransferandcontinuousinvolvementofotherreceivables
None.
3.Long-termequityinvestments
| Item | EndingBalance | BeginningBalance | ||||
| Bookbalance | Impairmentprovision | Bookvalue | Bookbalance | Impairmentprovision | Bookvalue | |
| Investmentstosubsidiaries | 25,037,260,734.86 | 25,037,260,734.86 | 20,871,011,854.66 | 20,871,011,854.66 | ||
| Investmentstoassociatesandjointventures | 4,257,128,029.39 | 1,940,009.35 | 4,255,188,020.04 | 9,019,517,140.98 | 1,940,009.35 | 9,017,577,131.63 |
| Total | 29,294,388,764.25 | 1,940,009.35 | 29,292,448,754.90 | 29,890,528,995.64 | 1,940,009.35 | 29,888,588,986.29 |
(1)Investmentstosubsidiaries
| Investee | Beginningbalance(bookvalue) | Increase/DecreaseintheCurrentPeriod | Endingbalance(bookvalue) | Endingbalanceofimpairmentreserves | |||
| AdditionalInvestment | DecreasedInvestment | Accrualofimpairmentreserves | Others | ||||
| Gree(Chongqing)ElectricAppliancesCo.,Ltd. | 223,100,000.00 | 3,129,869.60 | 226,229,869.60 | ||||
| ZhuhaiLandaCompressorCo.,Ltd. | 968,225,519.93 | 11,904,271.50 | 980,129,791.43 | ||||
| ZhuhaiGreeElectricEnterprisesLtd. | 1,684,680,359.95 | 4,245,059.51 | 1,688,925,419.46 | ||||
| ZhuhaiGreeXinyuanElectronicCo.,Ltd. | 154,290,096.61 | 3,296,986.22 | 157,587,082.83 | ||||
| ZhuhaiKaibangMotorManufacturingCo.,Ltd. | 83,860,929.67 | 4,627,460.56 | 88,488,390.23 | ||||
| Gree(Hefei)ElectricAppliancesCo.,Ltd. | 505,370,626.10 | 2,748,036.06 | 508,118,662.16 | ||||
| Gree(Zhongshan)SmallHomeAppliancesCo.,Ltd. | 30,000,000.00 | 2,886,680.43 | 32,886,680.43 | ||||
| ZhuhaiGreeGroupFinanceCompanyLimited | 4,040,371,239.99 | 364,425,800.00 | 638,363.59 | 4,405,435,403.58 | |||
| GreeElectricAppliances(Brazil)Co.,Ltd. | 659,342,914.36 | 1,436,865.61 | 660,779,779.97 | ||||
| HongKongGreeElectricAppliancesSalesLimited | 472,879.08 | 472,879.08 | |||||
| ShanghaiGreeAirConditionersSalesCo.,Ltd. | 1,800,000.00 | 1,800,000.00 | |||||
| ZhuhaiGreeDaikinPrecisionMoldCo.,Ltd. | 201,911,186.86 | 116,534.81 | 202,027,721.67 | ||||
| ZhuhaiGreeDakinDeviceCo.,Ltd. | 283,117,574.47 | 283,117,574.47 | |||||
| ZhuhaiGreeGreenRefrigerationTechnologyResearchCenterCo.,Ltd. | 676,040,000.00 | 676,040,000.00 | |||||
| Investee | Beginningbalance(bookvalue) | Increase/DecreaseintheCurrentPeriod | Endingbalance(bookvalue) | Endingbalanceofimpairmentreserves | |||
| AdditionalInvestment | DecreasedInvestment | Accrualofimpairmentreserves | Others | ||||
| Gree(Zhengzhou)ElectricAppliancesCo.,Ltd. | 720,000,000.00 | 2,900,444.95 | 722,900,444.95 | ||||
| Gree(Wuhan)ElectricAppliancesCo.,Ltd. | 600,000,000.00 | 2,507,444.72 | 602,507,444.72 | ||||
| ZhengzhouGreeGreenResourcesRecyclingCo.,Ltd. | 5,000,000.00 | 8,960.53 | 5,008,960.53 | ||||
| HunanGreenResourcesRecyclingCo.,Ltd. | 5,000,000.00 | 89,645.23 | 5,089,645.23 | ||||
| WuhuGreenResourcesRecyclingCo.,Ltd. | 2,000,000.00 | 83,410.43 | 2,083,410.43 | ||||
| Gree(Shijiazhuang)SmallHomeAppliancesCo.,Ltd. | 10,000,000.00 | 1,393,405.86 | 11,393,405.86 | ||||
| Gree(Wuhu)ElectricAppliancesCo.,Ltd. | 20,000,000.00 | 2,956,278.38 | 22,956,278.38 | ||||
| ShijiazhuangGreenResourcesRecyclingCo.,Ltd. | 5,000,000.00 | 8,960.53 | 5,008,960.53 | ||||
| Gree(Shijiazhuang)ElectricAppliancesCo.,Ltd. | 98,940,059.97 | 3,337,664.29 | 102,277,724.26 | ||||
| TianjinGreenRenewableResourcesUtilizationCo.,Ltd. | 5,000,000.00 | 5,000,000.00 | |||||
| ZhuhaiGreeHVACandRefrigerationEquipmentCo.,Ltd. | 100,000,000.00 | 100,000,000.00 | |||||
| ZhuhaiGreeTOSOTHomeAppliancesCo.,Ltd. | 30,000,000.00 | 30,000,000.00 | |||||
| ZhuhaiLigaoPrecisionManufacturingCo.,Ltd. | 30,000,000.00 | 365,623.06 | 30,365,623.06 | ||||
| ZhuhaiEWPEInformationTechnologyInc. | 100,000,000.00 | 100,000,000.00 | |||||
| GreeChangshaHVACEquipmentCo.,Ltd. | 50,000,000.00 | 2,571,759.08 | 52,571,759.08 | ||||
| GreeTOSOT(Suqian)HomeAppliancesCo.,Ltd. | 140,000,000.00 | 1,167,674.13 | 141,167,674.13 | ||||
| GreeWuhuPrecisionManufacturingCo.,Ltd. | 30,000,000.00 | 471,646.63 | 30,471,646.63 | ||||
| ZhuhaiGreeIntelligentEquipmentCo.,Ltd. | 100,000,000.00 | 5,056,894.40 | 105,056,894.40 | ||||
| ZhuhaiHengqinGreeCommercialFactoringCo.,Ltd. | 100,000,000.00 | 100,000,000.00 | |||||
| ZhuhaiGreePrecisionMoldCo.,Ltd. | 100,000,000.00 | 9,346,308.91 | 109,346,308.91 | ||||
| Gree(Wuhan)HVACandRefrigerationEquipmentCo.,Ltd. | 100,000,000.00 | 100,000,000.00 | |||||
| ZhuhaiGreeIntelligentEquipmentTechnologyInstituteCo.,Ltd. | 50,000,000.00 | 26,881.58 | 50,026,881.58 | ||||
| Investee | Beginningbalance(bookvalue) | Increase/DecreaseintheCurrentPeriod | Endingbalance(bookvalue) | Endingbalanceofimpairmentreserves | |||
| AdditionalInvestment | DecreasedInvestment | Accrualofimpairmentreserves | Others | ||||
| ZhuhaiGreeNewMaterialCo.,Ltd. | 30,000,000.00 | 773,083.23 | 30,773,083.23 | ||||
| Gree(Wuhan)PrecisionMouldCo.,Ltd. | 100,000,000.00 | 570,444.23 | 100,570,444.23 | ||||
| ZhuhaiGreeEnergyEnvironmentTechnologyCo.,Ltd. | 200,000,000.00 | 2,771,064.85 | 202,771,064.85 | ||||
| Gree(Hangzhou)ElectricAppliancesCo.,Ltd. | 550,000,000.00 | 772,403.79 | 550,772,403.79 | ||||
| ZhuhaiGreeInformationTechnologyCo.,Ltd. | 510,000.00 | 510,000.00 | |||||
| Gree(Wu'an)PrecisionEquipmentManufacturingCo.,Ltd. | 210,000,000.00 | 319,941.16 | 210,319,941.16 | ||||
| ZhuhaiGreeTransportationCo.,Ltd. | 50,000,000.00 | 553,930.01 | 50,553,930.01 | ||||
| Gree(Nanjing)ElectricAppliancesCo.,Ltd. | 700,000,000.00 | 681,927.25 | 700,681,927.25 | ||||
| Gree(Luoyang)ElectricAppliancesCo.,Ltd. | 50,000,000.00 | 1,017,511.37 | 51,017,511.37 | ||||
| ZhuhaiEdgelessIntegratedCircuitCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| ZhuhaiLianyunTechnologyCo.,Ltd. | 40,000,000.00 | 300,301.54 | 40,300,301.54 | ||||
| GreeElectricAppliances(Chengdu)Co.,Ltd. | 400,000,000.00 | 454,836.65 | 400,454,836.65 | ||||
| ZhuhaiGreeMaterialSupplyCo.,Ltd. | 150,000,000.00 | 150,000,000.00 | |||||
| ZhuhaiGreeGreenControlTechnologyCo.,Ltd. | 270,000,000.00 | 270,000,000.00 | |||||
| HefeiKinghomeElectricalCo.,Ltd. | 1,247,087,108.76 | 1,492,515.20 | 1,248,579,623.96 | ||||
| ZhuhaiGreeMechanicalandElectricalEngineeringCo.,Ltd. | 149,092,300.30 | 751,149.52 | 149,843,449.82 | ||||
| Gree(Luoyang)ElectricAppliancesWashingMachineCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| GuochuangEnergyInternetInnovationCenter(Guangdong)Co.,Ltd. | 22,500,000.00 | 52,500,000.00 | 75,000,000.00 | ||||
| Gree(Anji)PrecisionMouldCo.,Ltd. | 78,800,000.00 | 34,400,000.00 | 113,200,000.00 | ||||
| ZhuhaiGreeGreenResourcesRecyclingCo.,Ltd. | 50,000,000.00 | 1,527,406.10 | 51,527,406.10 | ||||
| GreeE-commerceCo.,Ltd. | 100,000,000.00 | 329,005.60 | 100,329,005.60 | ||||
| ZhuhaiGejianHealthMedicalTechnologyCo.,Ltd. | 20,000,000.00 | 8,960.53 | 20,008,960.53 | ||||
| Investee | Beginningbalance(bookvalue) | Increase/DecreaseintheCurrentPeriod | Endingbalance(bookvalue) | Endingbalanceofimpairmentreserves | |||
| AdditionalInvestment | DecreasedInvestment | Accrualofimpairmentreserves | Others | ||||
| ZhuhaiGreeElectricalIntelligentManufacturingCo.,Ltd. | 1,000,000,000.00 | 1,034,984.79 | 1,001,034,984.79 | ||||
| ChengduGreeXinhuiMedicalEquipmentCo.,Ltd. | 75,000,000.00 | 75,000,000.00 | |||||
| SLGroupCo.,Ltd. | 230,223,945.05 | 230,223,945.05 | |||||
| Gree(Ganzhou)ElectricAppliancesCo.,Ltd. | 100,000,000.00 | 167,596.22 | 100,167,596.22 | ||||
| Gree(Linyi)ElectricAppliancesCo.,Ltd. | 200,000,000.00 | 167,820,000.00 | 129,060.36 | 367,949,060.36 | |||
| Gree(ZhuhaiHengqin)DevelopmentCo.,Ltd. | 1,000,000,000.00 | 1,000,000,000.00 | |||||
| ChangshaKinghomeElectricAppliancesCo.,Ltd | 6,000,000.00 | 44,000,000.00 | 50,000,000.00 | ||||
| GreeAltairnanoNewEnergyInc. | 1,828,275,113.56 | 128,404.91 | 1,828,403,518.47 | ||||
| ZhuhaiMingruidaSupplyChainTechnologyCo.,Ltd. | 35,000,000.00 | 35,000,000.00 | |||||
| ZhejiangDunAnArtificialEnvironmentCo.,Ltd. | 3,236,995,422.29 | 3,236,995,422.29 | |||||
| ZhuhaiGreeElectronicComponentsCo.,Ltd. | 100,000,000.00 | 100,000,000.00 | |||||
| ZhuhaiGreeDigitalTechnologyCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| Total | 20,871,011,854.66 | 4,085,141,222.29 | 81,107,657.91 | 25,037,260,734.86 | |||
[Note]ChangesinOthersaretheexpensesallocatedbytheparentcompanyforthesubsidiaries,involvingtheemployeeequityincentive?employeestockownershipplan.
(2)Investmentstoassociatesandjointventures
| Investee | BeginningBalance | Increase/DecreaseintheCurrentPeriod | EndingBalance | |||||||
| Originalvalue | Impairmentprovision | Additionalinvestment/disinvestment | Profitsandlossesoninvestmentrecognizedbyequitymethod | Adjustmentofothercomprehensiveincome | Otherchangesinequity | Declareddistributionofcashdividendsorprofits | Otherdeductions | Originalvalue | Impairmentprovision | |
| I.Associates | ||||||||||
| Gree(Vietnam)ElectricAppliances,Inc. | 1,940,009.35 | 1,940,009.35 | 1,940,009.35 | 1,940,009.35 | ||||||
| OutlookAllMediaCo.,Ltd. | 37,385,552.00 | -1,907,177.74 | 35,478,374.26 | |||||||
| Investee | BeginningBalance | Increase/DecreaseintheCurrentPeriod | EndingBalance | |||||||
| Originalvalue | Impairmentprovision | Additionalinvestment/disinvestment | Profitsandlossesoninvestmentrecognizedbyequitymethod | Adjustmentofothercomprehensiveincome | Otherchangesinequity | Declareddistributionofcashdividendsorprofits | Otherdeductions | Originalvalue | Impairmentprovision | |
| WuhanDigitalDesignandManufacturingInnovationCenterCo.,Ltd. | 14,942,039.60 | 297,034.32 | 15,239,073.92 | |||||||
| CoresingSemiconductorTechnologyCo.,Ltd. | 20,004,740.59 | 66,923.31 | 20,071,663.90 | |||||||
| ZhuhaiRonglinEquityInvestmentPartnership(LimitedPartnership) | 8,893,495,450.98 | -13,812,616.74 | -4,747,875,029.30 | 4,131,807,804.94 | ||||||
| HenanYuzeFinanceLeasingCo.,Ltd. | 51,749,348.46 | 1,791,375.31 | 949,620.75 | 52,591,103.02 | ||||||
| Total | 9,019,517,140.98 | 1,940,009.35 | -13,564,461.54 | -4,747,875,029.30 | 949,620.75 | 4,257,128,029.39 | 1,940,009.35 | |||
4.Operatingrevenuesandcosts
Item
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 114,824,763,292.63 | 79,648,915,725.67 | 111,783,657,570.87 | 79,364,424,299.73 |
| Otherbusiness | 4,965,687,298.82 | 4,544,120,744.77 | 5,718,557,388.28 | 5,212,016,098.84 |
| Total | 119,790,450,591.45 | 84,193,036,470.44 | 117,502,214,959.15 | 84,576,440,398.57 |
5.Incomefrominvestment
| Item | Amountincurredinthecurrentperiod | Amountincurredforthepreviousperiod |
| Long-termequityinvestmentincomemeasuredbytheequitymethod | -13,564,461.54 | -12,905,170.50 |
| Investmentincomerecognizedfortradingfinancialassets | 12,657,637.64 | 35,444,353.04 |
| Dividendsharesrecognizedforlong-termequityinvestmentmeasuredinthecostmethod | 3,932,671,473.40 | 2,526,350,566.25 |
| Others | 47,059,977.00 | 411,276,921.75 |
| Total | 3,978,824,626.50 | 2,960,166,670.54 |
XVISupplementary
1.Detailedstatementofnon-recurringprofitsandlosses
| Item | Amount | Description |
| Profitsandlossesfromdisposalofnon-currentassets | -51,428,778.52 | Fordetails,pleaserefertothisNoteV.67,68,and69 |
| Governmentsubsidiesincludedinthecurrentprofitsandlosses(excludingthegovernmentalsubsidiescloselyrelatingtothebusinessoperationsoftheCompanyandenjoyedbyafixedquotaorafixedamountinaccordancewithnationalunifiedstandards) | 873,695,831.91 | Fordetails,pleaserefertothisNoteV.62and68 |
| InadditiontotheeffectivehedgingbusinessrelatedtotheCompany'snormalbusinessoperations,theprofitsandlossesfromfairvaluechangesgeneratedbyholdingtradingfinancialassets,derivativefinancialassets,tradingfinancialliabilitiesandderivativefinancialliabilities,andinvestmentincomesobtainedfromthedisposaloftradingfinancialassets,derivativefinancialassets,tradingfinancialliabilities,derivativefinancialliabilitiesandotherdebtinvestment | -300,034,685.05 | |
| Reversalofimpairmentreservesforthereceivablesunderindependentimpairmenttest | 118,276,955.90 | |
| Non-operatingrevenuesandexpendituresotherthantheaboveitems | -25,299,493.59 | Fordetails,pleaserefertothisNoteV.68and69 |
| Otherprofitandlossitemsconformingtothedefinitionofnon-recurringprofitsandlosses | -30,904,028.44 | |
| Subtotal | 584,305,802.21 | |
| Less:Amountaffectingincometax | 64,515,784.15 | |
| Affectedamountofminorityshareholders'equity | -585,500.25 | |
| Total | 520,375,518.31 |
2.ROEandearningspershare
Profitsforthereportperiod
| Profitsforthereportperiod | Weightedaveragereturnonequity | Earningspershare | |
| Basicearningspershare(yuan/share) | Dilutedearningspershare(yuan/share) | ||
| NetprofitattributabletocommonshareholdersoftheCompany | 24.19% | 4.43 | 4.43 |
| Netprofitdeductingnon-recurringprofitsandlossesattributabletocommonshareholders | 23.68% | 4.33 | 4.33 |
GreeElectricAppliances,Inc.ofZhuhai
April29,2023