In the evening of February 25, Supor released the 2017 Annual Results Bulletin, which showed that in 2017, the company achieved operating revenue of RMB14,187,347,425.77, an increase of 18.75% over the same period of previous year; total profit of RMB1,565,127,951.10, an increase of 14.45% over the same period of last year; The net profit of the parent company was RMB1,307,606,602.94, an increase of 21.35% over the same period of last year.
According to the announcement, Supor's total operating revenue in 2017 increased by 18.75% over the same period of last year, mainly due to better sales revenue and market share in both domestic and overseas markets as compared with the same period of last year. Operating profit increased by 19.56%, 5.11 higher than the total profit. % Mainly due to the relevant provisions of Article 11, Article 16 and Article 18 of the revised Accounting Standards for Business Enterprises No. 16 - Govemment Subsidies issued by the Ministry of Finance on May 10, 2017, In the current period, the government grants of 82.3797 million in line with the new standard are included in the item of "other income" above the item of "operating profit", and the same period of last year is included in the item of "operating profit" under the item of "operating profit" Income. "Net profit attributable to shareholders of the listed company increased by 21.35% over the same period of last year, mainly due to the increase of 15.33% in the current period net profit and the acquisition of minority interests of 25% of the two subsidiaries in the second half of 2016 In the report period, the Company carried out the 2016 equity distribution and distributed 3 bonus shares (including tax) for every 10 shares to all shareholders so that the total share capital of the Company increased by 30% as compared with the beginning of the period.
It is understood that in the second half of 2016 Supor acquired the two subsidiaries were Zhejiang Supor Appliance Manufacturing Co., Ltd. and Wuhan Supor Cookware Co., Ltd., the former acquired its own funds of 64.25 million yuan its 25% stake, the latter with its own funds RMB 58,000 million acquisition of its 25% stake in Supor currently holds a direct 25% stake in Wuhan Supor Cookware and through its subsidiary Wuhan Supor Pressure Cooker Co., Ltd. indirectly holds about 75% of its equity.
Supor's main businesses include open flame cookers, small kitchen appliances, kitchen appliances, home appliances environment four major areas, Supor production of kitchen utensils and kitchen appliances, through the French SEB Group sold to Japan, Europe and the United States, Southeast Asia and other global 51 countries and Region. According to data from third-party market research firm, in the first half of 2017, Supor aggregated nine major categories such as rice cooker, electric pressure cooker, induction cooker, electric kettle, soybean milk maker, blender, juicer, Market share rose more than 1 percentage point year-on-year, further consolidating market position.
In October 2017, Supor, with its own funds of RMB 274 million, acquired the 100% equity of Shanghai Cyber held by its controlling shareholder SEB International to enrich its product layout in home appliances. Shanghai Cyber is mainly engaged in household appliances such as electric irons Product production and export business in the first half of 2017 to achieve revenue of 154 million yuan and net profit of 5.6442 million yuan. August 31, 2017 Supor announced that it intends to acquire WMF China business, WMF high-end positioning in the brand and positioning At the same time, Supor started to implement a new round of equity incentive plan, the internal incentive mechanism is mature, fully mobilize the enthusiasm of the top management and staff of the company.
Analysis of the industry, Supor's core logic of growth in 2017 for the stability of the cookware business, small appliances business growth faster, the parent company's business synergies imagination. 90% of the current export business are from Saibo, 2017 37 Billion in sales, this part of the business gross profit margin reached 18% in addition to export earnings, a lot of business is transferred to the Cyberjaya Supor business in 2017, the company will be high-end German cooking brand WMF China's business to Supor , WMF2016 operating income reached 320 million.