Report for the First Quarter of 2015 of Midea Group Co., Ltd.
Midea Group Co., Ltd.
Report for the First Quarter of 2015
April 2015
Report for the First Quarter of 2015 of Midea Group Co., Ltd.
Section I. Important Reminders
1.1 The Board of Directors, the Supervisory Committee as well as all directors,
supervisors and senior management staff of Midea Group Co., Ltd. (hereinafter
referred to as the “Company”) warrant that this report contains no false records,
misleading statements or material omission. And they shall be jointly and severally
liable for the factuality, accuracy and completeness of the contents of this report.
1.2 All directors have attended the Q1 report review board meeting.
1.3 The Q1 Financial Report has not been audited by a CPAs firm.
1.4 Mr. Fang Hongbo, Chairman of the Board and President of the Company, and Ms.
Yuan Liqun, responsible person for the Company’s financial affairs, have represented
and warranted that the financial report in this report is factual, accurate and complete.
1.5 This report has been prepared in both Chinese and English. Should there be any
misunderstanding between the two versions, the Chinese version shall prevail.
Report for the First Quarter of 2015 of Midea Group Co., Ltd.
Section II. Financial Highlights & Changes in Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to changes in
accounting policy or correction of any accounting error?
□ Yes √ No
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Sales revenues (RMB’000) 42,426,713.97 38,351,110.06 10.63%
Net profit attributable to shareholders of
3,342,134.83 2,538,849.11 31.64%
the Company (RMB’000)
Net profit attributable to shareholders of
the Company after extraordinary gains and 3,019,956.04 2,889,535.17 4.51%
losses (RMB’000)
Net cash flows from operating activities
2,498,715.37 3,223,813.31 -22.49%
(RMB’000)
Basic EPS (RMB Yuan/share) 0.79 0.60 31.67%
Diluted EPS (RMB Yuan/share) 0.79 0.60 31.67%
Weighted average ROE (%) 8.11% 7.47% 0.64%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB’000) 135,830,927.66 120,292,088.16 12.92%
Net assets attributable to shareholders of
42,939,219.43 39,470,499.84 8.79%
the Company (RMB’000)
Total share capital of the Company on the last trading session before disclosure:
Total share capital of the Company on the last trading session
4,215,808,472
before disclosure (share)
Whether the Company's share capital changed and the change affected the owners' equity due to reasons like the
issuance of new shares, allotment of shares, equity incentive plans, and repurchases during the time from the end
of the reporting period to the date when this report was released
□ Yes √ No
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB’000
Item Jan.-Mar. 2015 Note
Gains/losses on the disposal of non-current assets (including the -24,085.96
Report for the First Quarter of 2015 of Midea Group Co., Ltd.
offset part of asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
50,679.86
certain quotas or amounts according to the country’s unified
standards
Gain/loss on entrusting others with investments or asset
327,797.78
management
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
226,393.76
financial liabilities and financial assets available for sale, except
for effective hedging related to the normal businesses of the
Company
Non-operating income and expenses other than the above 18,487.37
Less: Income tax effects 172,995.55
Minority interests effects (after tax) 104,098.47
Total 322,178.79 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases in the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common shareholders at the
90,553
period-end
Shareholdings of the top ten common shareholders
Pledged or frozen
Shareholding Number of shares
Nature of Number of the
Name of shareholder percentage restricted shares Status
shareholder shares held Number of
(%) held of
shares
shares
Report for the First Quarter of 2015 of Midea Group Co., Ltd.
Domestic
Midea Holding Co., Ltd. non-state-owned 35.49% 1,496,250,000 1,496,250,000 Pledged 205,205,500
corporation
Domestic
Rongrui Equity Investment (Zhuhai)
non-state-owned 7.22% 304,500,000
Partnership (limited partnership)
corporation
Domestic
Fang Hongbo 2.17% 91,326,995 90,000,000
individual
Domestic
Tianjin CDH Jiatai Equity Investment
non-state-owned 1.85% 78,000,000
Partnership (limited partnership)
corporation
Domestic
Huang Jian 1.78% 75,160,057 75,000,000
individual
Domestic
Ningbo Maysun Equity Investment Partnership
non-state-owned 1.78% 75,000,000 75,000,000
(limited partnership)
corporation
Domestic
Yuan Liqun 1.44% 60,500,000 60,000,000
individual
Overseas
CDH M-Tech (HK) Co., Ltd. 1.42% 60,000,000
corporation
Overseas
CDH Spark (HK) Co., Ltd. 1.36% 57,500,000
corporation
Domestic
Huang Xiaoming 1.24% 52,213,366 50,000,000 Pledged 8,993,000
individual
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted Type of shares
Name of shareholder common shares held at the
Type Number
period-end
Rongrui Equity Investment (Zhuhai) Partnership (limited
304,500,000 RMB ordinary shares 304,500,000
partnership)
Tianjin CDH Jiatai Equity Investment Partnership (limited
78,000,000 RMB ordinary shares 78,000,000
partnership)
CDH M-Tech (HK) Co., Ltd. 60,000,000 RMB ordinary shares 60,000,000
CDH Spark (HK) Co., Ltd. 57,500,000 RMB ordinary shares 57,500,000
Merrill Lynch International 44,005,222 RMB ordinary shares 44,005,222
China Life Insurance Company Ltd.－Dividend－Individual
41,465,007 RMB ordinary shares 41,465,007
Dividend-005L-FH002Shen
UBS AG 39,177,207 RMB ordinary shares 39,177,207
Report for the First Quarter of 2015 of Midea Group Co., Ltd.
National Social Security Fund 104 Portfolio 35,488,888 RMB ordinary shares 35,488,888
New China Life Insurance Company Ltd. － Dividend －
32,837,906 RMB ordinary shares 32,837,906
Individual Dividend-018L-FH002Shen
Morgan Stanley & Co. International Plc. 31,494,873 RMB ordinary shares 31,494,873
Two individual shareholders, Mr. Fang Hongbo and Ms. Yuan Liqun,
serve as a director and as a senior executive in Midea Group. CDH Jiatai,
CDH M-Tech and CDH Spark, which hold a total stake of 4.63% in
Midea Group, are related parties.
Related-parties or acting-in-concert parties among the
The company has not confirmed if any associated relationship exists
above-mentioned shareholders
among other shareholders of tradable shares and whether other
shareholders of tradable shares belong to persons acting-in-concert
specified in the \"Management of Information Disclosure for
Shareholding Alteration in a Listed Company\".
asTop ten non-restricted common shareholders taking part in
Inapplicable
securities margin trading (if any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company
carry out any agreed buy-back in the reporting period?
□ Yes √ No
No such cases in the reporting period.
2. Total number of preference shareholders and shareholdings of the top ten preference shareholders at the
period-end
□ Applicable √ Inapplicable
Report for the First Quarter of 2015 of Midea Group Co., Ltd.
Section III. Significant Events
I. Major changes in main accounting statement items and financial indicators within the
reporting period, as well as reasons for the changes
√ Applicable □ Inapplicable
Unit: RMB’000
Increase/
Balance sheet items 31 Mar. 2015 31 Dec. 2014 Main reason for the change
Decrease (%)
Business grew and the operating
Monetary funds 9,210,123.97 6,203,282.81 48.47%
efficiency improved.
Due from banks and other financial Operating changes in Midea Group
1,046,502.02 2,126,444.99 -50.79%
institutions Finance
Changes in the fair value of
Derivative financial assets 308,051.02 162,513.84 89.55%
derivative financial assets
Notes receivable 27,551,795.43 17,097,233.37 61.15% Sales increased.
Accounts receivable 13,487,865.88 9,362,102.75 44.07% Sales increased.
Prepayments 2,093,978.64 1,414,470.45 48.04% Procurement increased.
Dividends receivable from associates
Dividends receivable 61,603.82 45,943.22 34.09%
increased.
Short-term borrowings from outside
Short-term borrowings 8,238,588.50 6,070,879.03 35.71%
increased.
Customer bank deposits due to banks Operating changes in Midea Group
213.58 7,493.81 -97.15%
and other financial institutions Finance
Changes in the fair value of
Derivative financial liabilities 103,679.33 74,960.70 38.31%
derivative financial assets
Notes payable 18,522,639.98 12,648,496.99 46.44% Procurement increased.
Remuneration for employees was
Payroll payable 1,208,350.59 2,199,776.95 -45.07%
paid.
Sales increased and income tax and
Taxes and fares payable 4,908,100.78 3,280,150.71 49.63%
VAT increased accordingly.
The dividends for last year were paid
Dividends payable 11,703.66 93,799.03 -87.52%
in the current period.
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| 公告日期:2015-06-16 |
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