[三季报]虹美菱B(200521):2025年三季度报告（英文版）
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时间：2025年10月22日 19:00:47 中财网 |
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原标题: 虹美菱B:2025年三季度报告（英文版）
StockCode:000521,200521 StockAbbreviation:ChanghongMeiling,HongmeilingBAnnouncementNo.:2025-071
ChanghongMeilingCo.,Ltd.
TheThirdQuarterlyReportof2025
TheCompanyandwholemembersoftheBoardguaranteethattheinformationdisclosedistrue,accurate
andcompleteandtherearenofictitiousrecords,misleadingstatementsormaterialomissionscarriedin
theReport.ImportantNote:
Whetherthedirectorsorseniorexecutiveshaveanyobjectionstothecontentsofthequarterlyreportorcannotguaranteeitstruthfulness,accuracyandcompleteness
□Yes√No
1.The Board of Directors and its directors, senior executives should guarantee the reality, accuracy and
completionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.2.Mr.WuDinggang,PersoninchargeoftheCompany,Mr.YangBing,headofaccountingandMr.HuXiangfei,personinchargerofaccountingorgan(accountingofficer)herebyconfirmthatthefinancialinformationofthisQuarterlyReportisauthentic,accurateandcomplete.3.TheThirdquarterlyreportauditedornot
□Yes√No
I.Mainfinancialdata
(i)Mainaccountingdataandfinancialindexes
Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot√Yes□No
Retroactiveadjustmentorrestatement
□Changesinaccountingpolicies□Correctionofaccountingerrors
√Mergersunderthesamecontrol□Otherreason
| | CurrentPeriod | Sameperiodoflastyear | | Increase/decreas
eintheperiod
comparedwith
thesameperiod
oftheprevious
year | Year-beginto
period-end | Sameperiodoflastyear | Increase/decreas
efromyear-
begintoperiod-
endcompared
withthesame
periodofthe
previousyear | | | | | Before
Afteradjustment
adjustment | Afteradjustment | | | | | | | | | | | | | Before
adjustment | Afteradjustment | Afteradjustment | | Operatingincome(RMB) | 7,321,413,995.48 | 7,810,029,557.25 | 7,815,798,948.22 | -6.33% | 25,392,929,837.63 | 22,757,699,848.9
5 | 22,775,149,971.7
6 | 11.49% | | Netprofitattributableto
shareholdersofthelisted
company(RMB) | 71,219,065.64 | 115,406,948.15 | 115,953,785.77 | -38.58% | 488,406,410.91 | 530,440,364.03 | 532,042,735.95 | -8.20% | | Netprofitattributableto
shareholdersofthelisted
companyafterdeducting
non-recurringgainsand
losses(RMB) | 59,980,739.90 | 81,836,690.17 | 81,753,224.33 | -26.63% | 451,027,864.43 | 514,341,146.54 | 515,311,042.02 | -12.47% | | Netcashflowarisingfrom
operatingactivities(RMB) | — | — | — | — | 1,344,895,114.32 | 2,745,427,803.45 | 2,753,988,429.67 | -51.17% | | Basicearningspershare
(RMB/Share) | 0.0692 | 0.1121 | 0.1126 | -38.54% | 0.4743 | 0.5150 | 0.5166 | -8.19% | | Dilutedearningspershare
(RMB/Share) | 0.0692 | 0.1121 | 0.1126 | -38.54% | 0.4743 | 0.5150 | 0.5166 | -8.19% | | WeightedaverageROE | 1.16% | 1.96% | 1.97% | Decreasedby
0.81percentage
points | 7.86% | 8.86% | 8.89% | Decreasedby
1.03percentage
points | | | Endofthisperiod | Endoflastperiod | | Changesofthisperiod-endover
sameperiod-endoflastyear | | | | | | | | Beforeadjustment | Afteradjustment | Afteradjustment | | | | | | Totalassets(RMB) | 24,058,903,150.66 | 23,972,603,896.48 | 23,972,603,896.48 | 0.36% | | | | | | Owners’equityattributable
toshareholdersoflisted | 6,211,715,768.65 | 6,085,800,940.38 | 6,085,800,940.38 | 2.07% | | | | |
Note:InOctober2024,theCompanyacquired99%oftheequityofHefeiChanghongIndustrialCo.,Ltd.(hereinafterreferredtoas"HefeiIndustrial")held
bythecontrollingshareholderSichuanChanghongElectricCo.,Ltd.(hereinafterreferredtoas"SichuanChanghong")withitsownfunds;HefeiMeiling
IOTTechnologyCo.,Ltd.（hereinafterreferredtoas"HefeiIndustry"）,asubsidiary,acquired1%ofthesharesofHefeiIndustrialheldbySichuan
ChanghongInnovationInvestmentCo.,Ltd.,asubsidiaryofSichuanChanghong,withitsownfunds.OnNovember20,2024,HefeiIndustrialhas
completedtheindustrialandcommercialchangeregistrationproceduresforthechangeofshareholdersofthecompany,andobtainedthe"Registration
Notice"issuedbytheMarketSupervisionandAdministrationBureauofHefeiEconomicandTechnologicalDevelopmentZone,AnhuiProvince.Afterthe
completionoftheequitytransfer,theCompanyholds100%oftheequityofHefeiIndustrial.Duringthereportingperiod,accordingtobusiness
arrangements,HefeiMeilingNonferrousMetalProductsCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,hasacquired1%equityinterestinHefei
IndustryheldbyWulianTechnology.AccordingtotherelevantprovisionsoftheNo.33AccountingStandardforBusinessEnterprises-Consolidated
FinancialStatement,theparentcompanyshalladjusttheopeningnumberoftheconsolidatedstatementandatthesametimeshalladjusttherelevantitems
ofthecomparativestatementsduetotheadditionofsubsidiariesandbusinessesduetothebusinesscombinationunderthecommoncontrolduringthe
reportingperiod,soastotreattheconsolidatedreportingentityashavingexistedsincethetimewhentheultimatecontrollerbegantocontrol.Accordingly,
theopeningnumbersandthenumbersofthesameperiodofthepreviousyearhavebeenrestated.(ii)Itemsofnon-recurringgainsandlosses
√Applicable□Notapplicable
InRMB
| Item | Currentamount | Year-begintoperiod-end | Note | | Gains/lossesfromthedisposalofnon-
currentasset(includingthewrite-offthat
accruedforimpairmentofassets) | -4,555,400.42 | -6,262,005.60 | | | Governmentalsubsidycalculatedinto
currentgainsandlosses(whileclosely
relatedwiththenormalbusinessofthe
Company,thegovernmentsubsidythat
accordwiththeprovisionofnational
policiesandarecontinuouslyenjoyedin
linewithacertainstandardquotaor
quantityareexcluded) | 20,888,555.14 | 55,844,665.87 | Mainlydueto
governmentsubsidies. | | Gainandlossfromchangeofthefairvalue
arisingfromtransactionalmonetaryassets,
transactionalfinancialliabilitiesasheldas
wellastheinvestmentincomearisingfrom
disposalofthetransactionalmonetary
assets,transactionalfinancialliabilitiesand
financialassetsavailableforsaleexcluding
theeffectivehedgingtransactionin
connectionwiththeCompany’snormal
business | -13,550,777.52 | -26,151,252.76 | Mainlyduetothe
gainsandlosses
arisingfromthe
Company'sirrevocable
orders,changesinthe
fairvalueofforeign
exchangecontractsand
disposalsinthecurrent
period | | Switchbackoftheimpairmentfor
receivablesthathasimpairmenttest
independently | 8,715,608.62 | 18,614,550.79 | | | Gain/lossondebtrestructuring | | 84,052.53 | | | Othernon-operatingincomeandexpenses
otherthantheabove | 2,998,112.56 | 4,638,812.66 | | | Less:impactonincometax | 1,973,569.99 | 5,599,313.10 | | | Impactonminorityshareholders’equity
(post-tax) | 1,284,202.65 | 3,790,963.91 | | | Total | 11,238,325.74 | 37,378,546.48 | -- |
Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition□Applicable √Notapplicable
Therearenoothergains/lossesitemsthatmeetthedefinitionofnon-recurringgains/lossesintheCompany.Explaintheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/loss
inQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss(revisedin2023)
□Applicable √Notapplicable
Therearenoitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/loss
inQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss.
(iii)Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindexandexplanationsofreasons
√Applicable□Notapplicable
1.Changesandreasonsofitemsinbalancesheet
InRMB
| Item | Endingbalance | Openingbalance | Changes
ratio | Reasonsofchanges | | Tradingfinancialassets | 1,775,015,353.44 | - | - | MainlyduetotheCompany's
purchaseofstructureddeposits
duringthecurrentperiod. | | Derivativefinancialassets | 26,709,688.51 | 72,010,074.43 | -62.91% | Mainlyduetothenoncancelable
ordersandchangeofthefairvalueof
forwardforeignexchangecontract
changes | | Accountreceivable | 2,544,979,733.66 | 1,527,978,374.48 | 66.56% | Mainlyduetotheincreaseinthe
Company'soperatingincomeduring
thecurrentperiod. | | Otherreceivable | 60,354,615.63 | 135,391,270.79 | -55.42% | MainlyduetotheCompany
receivingexporttaxrebatesduring
thecurrentperiod. | | Inventory | 1,923,754,513.92 | 3,514,968,009.34 | -45.27% | Mainlyduetothereductioninthe
Company'sproductionduringthe
currentperiod. | | Contractassets | 710,919.00 | 2,763,866.97 | -74.28% | Mainlyduetothetransferofcontract
assetstoaccountsreceivableduring
thecurrentperiod. | | Non-currentassetdue
withinoneyear | 654,660,628.78 | 60,242,921.84 | 986.70% | Mainlyduetotheincreaseinthe
Company'sdebtinvestments
maturingwithinoneyearduringthe
currentperiod. | | Constructioninprocess | 133,827,437.21 | 97,807,983.40 | 36.83% | Mainlyduetotheincreaseinthe
Company'sprojectinvestments
duringthecurrentperiod. | | Userightassets | 152,265,486.58 | 113,784,190.78 | 33.82% | Mainlyduetotheleaseofnewly
addedfactoriesbytheCompany
duringthecurrentperiod. | | Developmentexpenses | 149,050,901.22 | 74,710,694.74 | 99.50% | Mainlyduetotheincreaseinthe
Company'sR&Dinvestmentduring
thecurrentperiod. | | Long-termexpensestobe
amortized | 22,127,790.48 | 33,336,772.23 | -33.62% | Mainlyduetothescheduled
amortizationoftheCompany'sfixed
assetmajormaintenanceproject
duringthecurrentperiod. | | Short-termloans | 1,000,361,041.30 | 766,747,286.01 | 30.47% | Mainlyduetotheincreaseinthe
Company'sbankloansduringthe
currentperiod. | | Derivativefinancial
liabilities | 29,404,080.50 | 156,359,680.92 | -81.19% | Mainlyduetothenoncancelable
ordersandchangeofthefairvalueof
forwardforeignexchangecontract
changes | | Contractliabilities | 397,667,431.78 | 609,737,871.24 | -34.78% | Mainlyduetoadecreaseinthe
Company'sadvancereceiptsduring | | | | | | thecurrentperiod. | | Non-currentliabilitydue
within1year | 56,181,073.81 | 29,135,164.68 | 92.83% | Mainlyduetotheincreaseinproduct
qualityguaranteedepositsandlease
liabilitiesthatareduewithinone
yearfortheCompanyinthecurrent
period. | | Othercurrentliability | 14,050,371.97 | 23,824,389.50 | -41.03% | Mainlyduetothedecreaseinthe
Company'soutputtaxpending
transferforthecurrentperiod. | | Long-termloan | 43,649,742.25 | - | - | Mainlyduetotheincreaseinlong-
termborrowingscausedbythe
Company'sA-sharerepurchaseand
renovationexpensesinthecurrent
period. | | Long-termpayable | 219,637.08 | 455,409.20 | -51.77% | Mainlyduetotheallocationof
specialpayablesoftheCompanyin
thecurrentperiod | | Specialreserve | 35,276,315.45 | 20,968,173.59 | 68.24% | Mainlyduetotheincreaseinthe
provisionforsafetyproduction
expensesbytheCompanyinthe
currentperiod |
2.Changesandreasonsofitemsinprofitstatement
InRMB
| Item | Currentperiod | Amountatthe
sameperiodoflast
year | Changes
ratio | Reasonsofchanges | | Financialexpenses | -186,471.43 | -124,166,532.38 | 99.85% | MainlyduetotheYOYincreaseinthe
Company'sforeignexchangelossesandthe
YOYdecreaseininterestincome. | | Investmentearnings | 30,072,540.83 | 21,041,038.63 | 42.92% | Mainlyduetotheincreaseinthe
Company'sstructureddepositincomein
thecurrentperiod. | | Gainsonchangesin
fairvalue | 88,670,567.94 | -11,228,505.02 | 889.69% | Mainlyduetothenoncancelableorders
andchangeofthefairvalueofforward
foreignexchangecontractchanges | | Creditimpairmentloss | -25,339,996.75 | -1,247,366.84 | 1,931.48% | MainlyduetotheYOYincreaseinthe
provisionforbaddebtlossesofaccounts
receivablebytheCompanyinthecurrent
period | | Lossofasset
impairment | -82,435,256.97 | -48,615,603.79 | 69.57% | MainlyduetotheYOYincreaseinthe
Company'sprovisionforinventory
depreciationlossesinthecurrentperiod. | | Assetdisposalincome | 111,884.60 | 1,090,679.41 | -89.74% | MainlyduetotheYOYdecreaseinfixed
assetdisposalincomeoftheCompanyin
thecurrentperiod | | Incometaxexpenses | 104,245,622.31 | 73,947,693.77 | 40.97% | Mainlyduetotheincreaseintaxable
incomeoftheCompanyinthecurrent
period,resultinginanincreaseinincome
taxexpenses |
3.Changesandreasonsofitemsincashflowstatement
| Item | Currentperiod | Amountatthesame
periodoflastyear | Changes
ratio | Reasonsofchanges | | Othercashreceived
concerningoperation
activities | 142,470,936.53 | 59,465,418.00 | 139.59% | MainlyduetotheYOYincrease
ingovernmentsubsidiesand
depositsreceivedbythe
Companyinthecurrentperiod | | Taxrefundreceived | 433,837,530.22 | 299,978,134.73 | 44.62% | MainlyduetotheYOYincrease
intheCompany'svalue-added
taxpaymentinthecurrentperiod | | Othercashpaidconcerning
operatingactivities | 873,576,151.81 | 618,358,040.59 | 41.27% | MainlyduetotheYOYincrease
invariousoperatingexpenses
paidbytheCompanyinthe
currentperiod | | Cashreceivedfrom
recoveryofinvestment | 20,906,761,598.30 | 7,438,000,000.00 | 181.08% | MainlyduetotheYOYincrease
intherecoveryoftheCompany's
wealthmanagementproductsin
thecurrentperiod | | Cashreceivedfrom
absorbinginvestment | 108,802,511.20 | 45,916,313.88 | 136.96% | MainlyduetotheYOYincrease
inrevenuefromtheCompany's
wealthmanagementproductsin
thecurrentperiod | | Cashpaidforpurchasing
fixed,intangibleandother
long-termassets | 1,404,030.10 | 827,741.22 | 69.62% | MainlyduetotheYOYincrease
incashreceivedfromthe
disposaloffixedassetsbythe
Companyinthecurrentperiod | | Cashpaidforconstruction
offixedassets,intangible
assetsandotherlong-term
assets | 335,245,837.22 | 223,226,696.20 | 50.18% | MainlyduetotheYOYincrease
incashpaymentsforthe
acquisitionandconstructionof
assetsbytheCompanyinthe
currentperiod | | Cashpaidforinvestments | 23,370,000,000.00 | 9,870,000,000.00 | 136.78% | MainlyduetotheYOYincrease
intheCompany'spurchaseof
wealthmanagementproductsin
thecurrentperiod | | Othercashpaidconcerning
investingactivities | 134,132,125.91 | 22,666,893.19 | 491.75% | MainlyduetotheYOYincrease
indeliverylossesofthe
Company'sforwardforeign
exchangecontractsinthecurrent
period | | Cashreceivedfrom
borrowing | 2,779,799,558.07 | 1,798,005,348.24 | 54.60% | MainlyduetotheYOYincrease
inbankloansobtainedbythe
Companyinthecurrentperiod | | Othercashreceived
concerningfinancing
activities | 332,226,468.58 | 60,913,309.56 | 445.41% | MainlyduetotheYOYincrease
inbilldiscountingofthe
Companyinthecurrentperiod | | Othercashpayments
relatedtofinancing
activities | 202,114,377.38 | 106,156,873.90 | 90.39% | MainlyduetotheYOYincrease
inthecompany'srestricted
marginthisperiodandthestock
repurchase. | | Influenceoncashandcash
equivalentsdueto
fluctuationinexchangerate | 5,683,154.75 | 19,235,492.91 | -70.45% | Mainlyduetotheimpactof
exchangeratechangesduringthe
currentperiod |
II.Applicationoftheraisedcapital
□Applicable√Notapplicable
TheCompanyhadnoapplicationoftheraisedcapitalinthereportingperiod.III.Shareholders
(i)Totalnumberofcommonshareholdersandpreferenceshareholderswithvotingrightsrecoveredandtoptenshareholders
InShares
| Totalnumberofcommonshareholdersattheendof
reportperiod | 61,160 | Totalpreferenceshareholderswithvotingrights
recoveredatendofreportingperiod(ifapplicable) | 0 | | | | | Sharesheldbythetop10shareholders（Excludingshareslentthroughrefinancing) | | | | | | | | Shareholder’sname | Natureof
shareholder | Proportion
ofshares
held | Amountof
sharesheld | Amountof
lock-up
sharesheld | Informationofshares
pledged,taggedorfrozen | | | | | | | | Stateof
share | Amount | | SichuanChanghongElectric
Co.,Ltd. | State-owned
legalperson | 24.12% | 248,457,724 | 0 | - | - | | HKSCC | Overseas
Legal
person | 3.39% | 34,872,113 | 0 | - | - | | CHANGHONG (HK)
TRADINGLIMITE | Overseas
Legal
person | 2.63% | 27,077,797 | 0 | - | - | | Hefei Industry Investment
Holding(Group)Co.,Ltd. | State-owned
legalperson | 1.83% | 18,864,896 | 0 | - | - | | CAOSHENGCHUN | Overseas
natural
person | 1.43% | 14,766,086 | 0 | - | - | | CITICSecuritiesCo.,Ltd.－
TheNationalSocialSecurity
Fund1106portfolio | Domestic
non-state-
ownedlegal
person | 1.16% | 11,971,700 | 0 | - | - | | ChinaMerchantsBankCo.,
Ltd－Taikangqualitylife
hybridsecuritiesinvestment
fund | Domestic
non-state-
ownedlegal
person | 0.88% | 9,100,000 | 0 | - | - | | WangJiaqling | Domestic
natural
person | 0.87% | 9,000,019 | 0 | - | - | | ICBC－Taikangstrategy
preferredflexibleallocation
ofhybridsecurities
investmentfund | Domestic
non-state-
ownedlegal
person | 0.87% | 9,000,000 | 0 | - | - | | TheNationalSocialSecurity
Fund101portfolio | Domestic
non-state-
ownedlegal
person | 0.87% | 8,993,902 | 0 | - | - | | Toptenshareholderswithunrestrictedsharesheld(excludingshareslentthroughconversionsandlocked-upsharesforsenior
managers) | | | | | | | | Shareholder’sname | Amountofunrestrictedshares
held | Typeofshares | | | | | | | | Type | Amount | | | | | SichuanChanghongElectricCo.,Ltd. | 248,457,724 | RMBordinary
shares | 248,457,724 | | | | | HKSCC | 34,872,113 | RMBordinary
shares | 34,872,113 | | | |
| CHANGHONG(HK)TRADINGLIMITE | 27,077,797 | Domesticallylisted
foreignshares | 27,077,797 | | HefeiIndustryInvestmentHolding(Group)
Co.,Ltd. | 18,864,896 | RMBordinary
shares | 18,864,896 | | CAOSHENGCHUN | 14,766,086 | Domesticallylisted
foreignshares | 14,766,086 | | CITICSecuritiesCo.,Ltd. TheNational
－
SocialSecurityFund1106portfolio | 11,971,700 | RMBordinary
shares | 11,971,700 | | ChinaMerchantsBankCo.,Ltd－Taikang
qualitylifehybridsecuritiesinvestmentfund | 9,100,000 | RMBordinary
shares | 9,100,000 | | WangJiaqling | 9,000,019 | RMBordinary
shares | 9,000,019 | | ICBC－Taikangstrategypreferredflexible
allocationofhybridsecuritiesinvestment
fund | 9,000,000 | RMBordinary
shares | 9,000,000 | | TheNationalSocialSecurityFund101
portfolio | 8,993,902 | RMBordinary
shares | 8,993,902 | | Explanationonassociatedrelationshipamongtheaforesaid
shareholders | Among the above shareholders, CHANGHONG (HK)
TRADING LIMITED (hereinafter referred to as Hong Kong
Changhong) is the wholly-owned subsidiary of Sichuan
ChanghongElectricCo.,Ltd.;exceptthesharesoftheCompany
directlyheldoftheBsharesoftheCompany,6,296,913sharesof
B-stockarealsoheldthroughPhillipSecurities(HongKong)
Co., Ltd., the foregoing shareholders constitute persons of
uniform action. There existed no associated relationship or
belongtotheconcertedactorsasspecifiedintheMeasuresfor
the Administration of Information Disclosure of Shareholder
EquityChangesofListedCompaniesamongSichuanChanghong
Electric Co., Ltd, Hong Kong Changhong and other top 8
shareholders,Thecompanyneitherknowswhetherthereisany
associationamongothershareholders,norknowswhetherother
shareholders belong to the persons acting in concert that is
stipulated in the “Administrative Measures on Information
DisclosureofChangesinShareholdingofListedCompanies | | | | Explanationontoptenshareholdersinvolvingmargin
business(ifapplicable) | Notapplicable | | |
Informationofshareholdersholdingmorethan5%oftheshares,thetop10shareholdersandthetop10shareholdersofunrestrictedtradablesharesparticipatinginthelendingofsharesinsecuritieslendingandborrowingbusiness
□Applicable√Notapplicable
Thetop10shareholdersandthetop10shareholdersofunrestrictedtradableshareshavechangedcomparedwiththepreviousperiodduetothesecuritieslending/returning,
□Applicable√Notapplicable
(ii)Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IV.Otherimportantmatters
√Applicable□Notapplicable
| Overview | Datefordisclosure | Informationindexfortemporary
reportdisclosure | | WiththeapprovalbytheresolutionsoftheCompany'sboardofdirectorsandthe
supervisoryboard,it’sagreedtorevisecertainprovisionsofthe"ChanghongMeiling
Co.,Ltd.’sRiskManagementPlanforDepositandLoanFinancialBusinesswith
SichuanChanghongGroupFinanceCo.,Ltd." | January2,2025 | Juchao
Website:http://www.cninfo.com.cn
No.:2025-001,2025-002and2025-
（
003） | | ThegeneralpartnersofSichuanHongyunInformationTechnologyVentureCapital
FundPartnership(LimitedPartnership),inwhichtheCompanyinvestsasalimited
partner,unanimouslyagreedtoterminatetheoperationofthepartnership,dissolvethe
partnership,andestablishaliquidationteamtohandletheterminationandliquidation
ofthepartnership.On January24,2025, theCompanyreceived atotalofRMB
18,152,000,includingthepaid-incapitalandtheincomefromcashmanagementofthis
amount.Asof June10,2025,theCompany hasreceivedtheremainingproperty
distributionofRMB38,829.19,aswellasthe'RegistrationNotice'issuedbythe
SichuanTianfuNewAreaSmartCityOperationsBureau,markingthecompletionof
theliquidationandderegistrationofHongyunFundPhaseII. | January24,2025,June
12,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-004and2025-044） | | According to the resolution passed by the Company's board of directors on the
"ProposalonInvestingintheEstablishmentofaSubsidiaryandParticipatinginthe
Bidding of Land Use Rights," it’s agreed that the Company and its subsidiary,
Mianyang Meiling Refrigeration Co., Ltd. (hereinafter referred to as "Mianyang
Meiling"),shalljointlyinvest500millionyuanbytheirownfundstoestablisha
subsidiary,MianyangChanghongSmartHomeApplianceCo.,Ltd.(hereinafterreferred
to as "Smart Home Appliance Company"), to engage in the investment and
constructionofthewashingmachinecapacityexpansionproject,andalsoparticipatein
thebiddingforindustriallandtobeusedforthewashingmachineprojectconstruction.
OnApril18,2025,SmartHomeApplianceCompanywonthestate-ownedconstruction
landuserightslocatedinFuxinCommunity,SongyaTown,EconomicDevelopment
Zone,andsignedthe"ConfirmationofTransferofState-ownedConstructionLandUse
Rights,"withatotaltransactionamountof59,008,598yuan.
OnApril25,2025,theBoardofDirectorsreviewedandapprovedthe"Proposalonthe
InvestmentandConstructionofaSubsidiary's ProjectwithanAnnualProduction
Capacity of 1 Million Washing Machines per Shift," agreeing that Smart Home
ApplianceCompanyshallinvestapproximately520millionyuantobuildaproject
withanannualproductioncapacityof1millionwashingmachinespershiftinthe
Mianyang Economic and Technological Development Zone (including the
aforementioned purchased land, factory buildings, and equipment investment),
achievingthecapabilitytoproduceanadditional1millionwashingmachinespershift. | March18,2025,April
18,2025,April
26,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-005,2025-006,2025-
021,2025-028and2025-029） | | WiththeapprovalbytheresolutionsoftheCompany'sBoardofDirectors,Boardof
Supervisors, and General Meeting of Shareholders, the Company's 2024 profit
distribution plan was approved. Based on the Company's total share capital of
1,029,923,715sharesasofDecember31,2024,acashdividendof3.3yuan(including
tax)per10shareswillbedistributedtoallshareholders,withnobonussharesandno
capitalreserveconvertedintoshares.OnJune5,2025,theCompanydisclosedthe
"Announcement onthe Implementationof the2024Profit DistributionPlan" and
implementedtheaforementionedprofitdistributionplan. | April3,2025,April
26,2025,June5,
2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-007,2025-008,2025-
010,2025-030and2025-042） | | FollowingresolutionspassedbytheCompany'sboardofdirectorsandthegeneral
meetingofshareholders,it’sagreedtocontinueappointPan-ChinaCertifiedPublic
Accountants(LLP)astheauditorfortheCompany's2025financialreportandinternal
control,withatermofoneyear. | April3,2025,April
26,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-007,2025-011and2025-
030） | | FollowingresolutionspassedbytheCompany'sboardofdirectorsandshareholders'
generalmeeting,theCompanyanditssubsidiariesareauthorizedtoconductforward
foreignexchangetransactionsfromJuly1,2025toJune30,2026,withatransaction | April3,2025,April
26,2025 | Juchao
Website:http://www.cninfo.com.cn
No.:2025-007,2025-015and2025-
（ | | balancenotexceedingUSD2.009billion(mainlyincludingUSD,AUD,andEUR,
withotherforeigncurrenciesconvertedtoUSD). | | 030） | | Following resolutions passed bythe Company's board of directors and board of
supervisors,theCompanyagreestochangeitsaccountingpolicyinaccordancewith
therelevantprovisionsoftheMinistryofFinance's "InterpretationNo.17ofthe
Enterprise Accounting Standards" and "Interpretation No. 18 of the Enterprise
AccountingStandards." | April3,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-007,2025-008and2025-
013） | | FollowingtheresolutionspassedbytheCompany'sboardofdirectorsandthe2024
annual general meeting of shareholders, it’s agreed that the Company and its
subsidiarieswillapplytotheHefeiBranchofIndustrialBankCo.,Ltd.foraspecial
billpoolcreditlineofuptoRMB400million,andtotheHefeiBranchofPingAn
BankCo.,Ltd.foraspecialbillpoolcreditlineofuptoRMB500million. | April3,2025,April
26,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-007,2025-017and2025-
030） | | UpontheproposaloftheChairman,theBoardofDirectorsreviewedandapprovedthe
"ProposalonIncreasingtheFundingSourcefortheRepurchaseoftheCompany'sA
Shares."ThespecificplanforrepurchasingAsharesisasfollows:theCompanywill
useitsownfundsandself-raisedfunds(includingspecialloansforsharerepurchase
fromfinancialinstitutions,etc.)totalingnolessthan150millionyuan(inclusive)and
nomorethan300millionyuan(inclusive)torepurchaseaportionoftheCompany'sA
sharesthroughcentralizedbiddingfortheimplementationofequityincentives.The
repurchase price for this buyback shall not exceed 10.67 yuan per share. The
repurchaseperiodiswithin12monthsfromthedatetheBoardofDirectorsapproves
therepurchaseplan.
TheCompanyfirstrepurchaseditsAsharesthroughadedicatedsecuritiesaccountfor
stock repurchases via centralized bidding transactions on July 15, 2025. As of
September30,theCompanyhadrepurchasedatotalof4,865,101Ashares,accounting
for0.4724%oftheCompany'stotalsharecapital.Thehighesttransactionpriceforthis
repurchaseofAshareswasRMB7.45pershare,thelowestwasRMB7.02pershare,
andthetotaltransactionamountwasRMB35,107,505.1(excludingtransactionfees). | April10,2025,May
9,2025,June5,
2025,July2,2025,
July4,2025,July16,
2025,August5,
2025,September2,
2025,October11,
2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-019,2025-031,2025-
032,2025-041,2025-043,2025-
049,2025-50,2025-051,2025-
052,2025-053,2025-061and2025-
069） | | AfterbeingreviewedandapprovedbytheNominationCommitteeundertheBoardof
Directors,andapprovedbytheresolutionoftheCompany'sBoardofDirectors,it’s
agreedtoappointMr.WangXiaochengastheCompany'sVicePresident,withaterm
ofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthe
currentBoardofDirectors'term. | May9,2025, | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-031and2025-033） | | FollowingtheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedthat
SichuanChanghongAirConditioningCo.,Ltd.willuseitsself-raisedfundsof28.355
millionyuantocarryoutaspecialrenovationprojecttoimprovetheutilizationrateof
theparksite,ensuringitsfuturebusinessdevelopment. | May9,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-031） | | Tothankthebroadshareholderbasefortheirlong-termsupportandtoestablisha
diversifiedshareholderreturnmechanism,theCompanyhasdisclosedthe'Voluntary
Information Disclosure Announcement on Shareholder Appreciation and Reward
Activities.' | May21,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-035） | | PursuanttotheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedthat
Zhongshan Changhong Electric Co., Ltd. (hereinafter referred to as "Zhongshan
Changhong")planstoinvestapproximately296.42millionyuanbyself-raisedfundsto
constructasingle-shiftairconditionerproductionprojectwithanannualoutputof4
millionunits,therebyachievinganadditionalannualsingle-shiftproductioncapacityof
4millionairconditioners.Theprojectinvestmentincludesproductionlines,equipment,
workingcapital,andotherrelateditems.Theprojectwillbeimplementedatasite
leasedfromGuangdongChanghongElectronicsCo.,Ltd.(hereinafterreferredtoas
"GuangdongChanghong"),aholdingsubsidiaryofSichuanChanghong,whereanew
factoryisplannedtobebuilt.Theprojectimplementationwillcommenceafterthe
completionofthenewfactorybyGuangdongChanghong,andisexpectedtostartin | May24,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-036,2025-038and2025-
039） | | 2027. | | | | FollowingtheresolutionpassedbytheCompany'sboardofdirectorsandboardof
supervisors,ZhongshanChanghongintendstosignan"IndustrialPropertyLeaseIntent
Agreement"withGuangdongChanghong,aholdingsubsidiaryofSichuanChanghong.
GuangdongChanghongwillconstructanewfactory,andZhongshanChanghongwill
lease it for the purpose of implementing Zhongshan Changhong's single-shift
productionprojectof4millionsetsofairconditionersperyear.Theintendedlease
termis5years(fromJanuary1,2027,toDecember31,2031).Uponexpirationofthe
lease,bothpartieswillcontinuetonegotiatesubsequentleasingmatters. | May24,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-036,2025-037and2025-
039） | | FollowingtheresolutionpassedbytheCompany'sboardofdirectorsandboardof
supervisors,it’sagreedthattheCompanymayincreasetheestimatedamountofroutine
related-party transactions for the sale of goods and other business to Sichuan
Changhongin2025bynomorethan12.5millionyuan(excludingtax). | May24,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-036,2025-037and2025-
040） | | InviewofMr.PangHaitao'sresignationfromthepositionofChiefFinancialOfficer
due to job changes, after review and approval by the Company's Nomination
CommitteeandAuditCommitteeoftheBoardofDirectors,theBoardofDirectors has
passedaresolutiontoapprovetheappointmentofMr.YangBingastheCompany's
ChiefFinancialOfficer,withatermofofficefromthedateofapprovalbytheBoardof
DirectorsuntiltheexpirationofthecurrentBoard'sterm. | June19,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-045and2025-047） | | UpontheapprovalresolutionbytheCompany'sboardofdirectors,it’sagreedthatthe
subsidiaryHefeiChanghongIndustrialCo.,Ltd.willinvestintheconstructionofthe
HefeiChanghongSmartHomeApplianceIndustrialParkproject.Thetotalinvestment
oftheprojectis877.05millionyuan,fundedbyself-raisedfunds.Thisprojectstill
needstobesubmittedtotheCompany'sshareholders'generalmeetingforreview. | June19,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-045and2025-046） | | FollowingtheresolutionspassedbytheCompany'sboardofdirectorsandshareholders'
generalmeeting,it’sagreedtoamendcertainprovisionsofthe'ArticlesofAssociation
oftheCompany,''RulesofProcedureforShareholders'GeneralMeeting',and'Rulesof
ProcedureforBoardMeeting.' | August
21,2025,September
30,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-054,2025-057and2025-
068） | | Following the resolutions passed by theCompany's board of directors, board of
supervisors,andgeneralmeetingofshareholders,it’sagreedthattheCompanyandits
subsidiary companies (excluding Zhongke Meiling Cryogenics Co., Ltd. and its
subsidiaries)mayincreasetheuseofupto1.2billionRMBoftheiridlefundstoinvest
inbankwealthmanagementproductsthataresafe,highlyliquid,low-risk,andstable,
withaproducttermwithinoneyear. | August
21,2025,September
30,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-054,2025-055.2025-059
and2025-068） | | AfterbeingreviewedandapprovedbytheNominationCommitteeundertheBoardof
DirectorsandpassedbytheBoardofDirectors'resolution,it’sagreedtoappointMr.
TangYoudaoasthePresidentoftheCompany,withthetermofofficefromthedateof
approvalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoard'sterm. | September13,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-062and2025-063） | | AccordingtotheresolutionpassedbytheCompany'sBoardofDirectors,it’sagreed
thattheCompany'ssubsidiary,SichuanChanghongAirConditioningCo.,Ltd.,will
increase the capital to its controlled subsidiary, HongyuanGeothermal Pump
TechnologyCo.,Ltd.(hereinafterreferredtoas"HongyuanGeothermalPump"),by95
millionyuanbyusingitsownfunds,andthenHongyuanGeothermalPumpwillfurther
increasethecapitaltoitswholly-ownedsubsidiary,GroundEnergyHeatPumpTech.
(Zhongshan)Co.,Ltd | September13,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-062and2025-064） | | FollowingtheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedto
appointMs.XiaoLiastheCompany'ssecuritiesaffairsrepresentative,withatermfrom
thedateofapprovalbytheboardofdirectorsuntiltheexpirationofthecurrentboard's
term. | September12,2025 | Juchao
Website:http://www.cninfo.com.cn
（No.:2025-062and2025-065） |
V.Quarterlyfinancialstatements（未完）
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