Delivery Date: Jul 26, 2024
Last Update Date: Jul 23, 2024
Subscriber Key: 716000061
Ticket Key: 202407265009301379

Comprehensive Report

CHINA SAMPLE REPORT CO., LTD.
ACTIVE

BUSINESS

Chinese Name:
Operation Address:
Telephone:
DUNS:

中国样本报告有限公司

No. **A, Nanjing Road, Huangpu Dist., Shanghai, Shanghai
021 5750****65-450-2665

IDENTIFICATION & SUMMARYIDENTIFICATION

Company Name:

Postal Code:

WebsiteChina Sample Report Co., Ltd.

200001www.sample.com

Literal Translation:

Email

Yes

ABC@sample.com

SUMMARY

Type of Business:

US SIC Code:Exports:

A limited liability company (JV of foreign- 3645 0000
invested enterprise(s) and domestic
company(ies))
Primary Business:
History:
Business (Subject has court record(s)within 2 years)

Yes
Employees:

Residential lighting fixtures

1500 (Total)
1000 (Here)

Imports:
Principal(s):YesYuan Wan (Chairman)

Year Started:
2002

Registration Number (United Social
Credit Code Certificate No):91530100000XXXXXXXCURRENCY
All monetary amounts quoted in this report are shown in Renminbi (RMB) unless otherwise stated.

RISK EVALUATION
D&B Rating:

SUMMARY
5AA4

Litigation Records:

10Former Rating:

5AA4

Principal(s):1

Failure Score:1

Trade References:

3

D&B PAYDEX:

70

History Changes:

9Media Records:

3

Registered Capital:

RMB 622,200,000.00

Sales/Turnover:

717,210,000 (2022)

Tangible Net Worth:

1,431,037,000 (2022)

Total Assets:

2,914,540,000 (2022)

Shareholders Equity:

1,609,860,000 (2022)

RISK ASSESSMENT

Composite Credit Appraisal

4
Low Risk (1)Composite Credit Appraisal of the Company is : POOR

High Risk (4)D&B Rating

Former Rating

Financial Strength
5AA

Composite Credit Appraisal
4(Based on Registered Capital) Poor

Financial Strength
5AA

Composite Credit
Appraisal
4

D&B Rating assesses enterprises'financial strength and credit condition and determines their credibility.
The Dun & Bradstreet Rating 5AA4 indicates:
Financial Strength of RMB 450,000,000 and greater (Based on Registered Capital) and a Composite Credit Appraisal, which is Poor.

FAILURE SCOREThe Dun and Bradstreet Failure Score predicts the likelihood that a business will be Revoked or Deregistered in the next 12months. It is based on a scale of 1 (the highest risk) to 100 (the lowest risk). Subject's Failure score is 1 indicating High Risk.
Subject Company

1
High Risk (1)Data Depth Indicator:

D

Low Risk (100)Failure Score Raw - (Highest Risk: 1,001; Lowest Risk:
1,890) : 1,001
Failure Score Percentile - (Highest Risk: 1; Lowest Risk:
100) : 1
Probability of Failure for Businesses with thisClassification : 0.86%
Key deduction factor/s for score:Rich firmographics only

Payment Info - Limited payment records present
Active Info - No recent history changes available
Negative Info - There is serious litigation(s) against
subject within 24 months

Relative Risk

Percentile Score

Failure Score ClassHigh Risk

1(Highest Risk: 1; Lowest Risk: 100)

4(Highest Risk: 4; Lowest Risk: 1)

Risk Description and Suggested Action
Risk Level: Assessed as High Risk.
There are obvious risks in business operation and management. Subject has high possibility of ceasing operations and problems
in payment behavior and ability.
Cash settlement is suggested. Or requires thorough manual review and an appropriate advance payment or other risk-control
method, based on the applicant's capacity, your internal policy and risk tolerance.
Comparision based on industry
Industry: Residential lighting fixtures (SIC 3645).
The subject business has a Failure Percentile that showsa higher risk than other businesses in the same
industry.

15
High Risk (1)Low Risk (100)Trends in Failure Score
100
90
80
70
60
50
40
30
20
10
0
JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

2023

2023

2023

2023

2023

2023

2024

2024

2024

2024

2024

2024

Industry MedianIndustry Upper

Industry Lower

Based on 67 firms in SIC 3645 (Residential lighting fixtures).

Key to Scores
Percentile Score

Failure Score Class

Incidence of Failure

Risk Level

86 - 100

1

0.05%

Low Risk46 - 852

0.16%

Low Moderate Risk

11 - 453

0.40%

Moderate High Risk

1 - 104

0.86%High Risk

CURRENT IINVESTIGATIONOn Jul 23, 2024, Financial Principal Mr. Wang (Tel: 1356786****) submitted full financial statement, and confirmed the operationaland historical data in this report. Other information was obtained from a third-party source and last investigation.
Generally in China, the information in our reports is collected and validated through telephone interview with subject,review of public websites of the business and acquisition of data that is publicly available by the Chinese Government.

TRADE PAYMENTSThe D&B PAYDEX® is a unique indicator of payment performance weighted by the monetary value of the payment experiences asreported to D&B by trade references. A detailed explanation of how to read and interpret PAYDEX values can be found in the
Appendices section of this report.
PAYDEX of This Business
When weighted by value,payments to suppliers average
15 days beyond terms based on payments collected
over the last 24 months
This business has a higher PAYDEX than its industry

70
Low Risk (100)High Risk (1)Risk of Slow Payment

D&B PAYDEX®

Payment Behaviour

Moderate Low Risk

70

15 days beyond terms

PAYDEX of This Industry
When weighted by value,payments to suppliers average
51 days beyond terms based on payments collected
over the last 24 months
Industry Name: Residential lighting fixtures
The subject business has a Paydex that shows lower risk
than other businesses in the same industry.

43
Low Risk (100)High Risk (1)Upper/Lower Quartile:

Industry Median:

Based on:

46/42

43

318 businesses

TRADE PAYMENT EXPERIENCES SUMMARY
Value Bands- Now Owes
RMB

No. of Exp

Sum of Now
Owes
RMB

Within
Terms

1-30
Days

31-60
Days

61-90
Days

91+
Days

>10,000,000

0

0

0%

0%

0%

0%

0%

1,000,000 9,999,999

0

0

0%

0%

0%

0%

0%

500,000 999,999

0

0

0%

0%

0%

0%

0%

100,000 499,999

0

0

0%

0%

0%

0%

0%

50,000 99,999

1

90,000

50%

50%

0%

0%

0%

<50,000

2

41,000

50%

50%

0%

0%

0%

TOTAL3

131,000

50%

50%

0%

0%

0%

Note: Above Trade Payment Experiences Summary is derived by analysis trade payment experiences details within 24 months.

TRADE PAYMENT EXPERIENCES DETAILS(Amounts may be rounded to the nearest figure in prescribed ranges)(Max. 100 records displayed)
Date

Paying Record

High Credit

Now Owes

Past Due

Selling Terms

Last Sale

Jun 05, 2023

Prompt200,000

1,000

0

Net 0

-

Oct 12, 2022

Slow 1-30

40,00040,00040,000

Net 0-

Aug 16, 2022

Prompt/Slow 130

200,000

90,00025,000Net 0-

Note: The above payment record reflects how accounts are paid in relation to the terms granted. Slow-30, for example, indicates a
30 day term where 30 additional days are taken. In some instance, payment beyond terms can be the result of disputes overmerchandise, lost invoices, etc
Industry Payment Information
Supplier Reference
According to Supplier 1 Co., Ltd.one of subject’s suppliers, it has cooperated with subject for five years. It provides the packaging
material for subject. Subject has the good credit, with no expired delinquent account.
Subject has purchased copper from Supplier 2 Co., Ltd. for a five years, with annual transaction of RMB 40,000. Supplier 2 Co., Ltd
used to offer credit term to subject company. However, due to slow payment in the history, now it is settled by advance payment.
The vendor appraised a fair comment on subject.
Customer Reference
Ref.Date

Shipment
Promptness

Product Quality

Pricing
CompetivenessTechnical/Service
SupportCooperation TimeFeb 09, 2023

Prompt

Good

Good

Good

6-12 Months

Feb 09, 2023

PromptGood

StrongStrong

5 Years - 10 Years

Note: Subject's customer(s) were inquired to comment on the performance on above four dimensions with overall assessment ofstrong, good, fair and poor.
Customer 1 Co., Ltd. indicated it has businesses with subject around 1 year, mainly souring its lighting products. The quality ofsubject's product is considered as fine with reasonable price and good service. Subject can deliver goods on time.
Customer 2 Co., Ltd. indicated it has businesses with subject for more than 5 years, mainly purchases its lighting accessories. The
quality of subject's product is considered as fine with reasonable price and good service. Subject can deliver goods on time.

TRADE PAYMENT INDUSTRY COMPARISON

65
60
55
50

secneirepxE fo tnecreP

45
40
35
30
25
20
15
10
5
0

Within Terms

1 to 30

31 to 60

China Sample Report Co., Ltd.

Industry

61 to 90

91+

All Industries

PUBLIC RECORD INFORMATION



Litigation Records
As of Jul 23, 2024, SDBC has searched the China Court website, website of local court in the place where subject is located, majordomestic courts websites as well as our internal China court database, and found below related court record(s) against the
subject within 5 years.
Remark: The above mentioned channels are currently publicly available ones to search for the court records against China
enterprises. However, due to lack of a centralized database in mainland China that covers all Chinese enterprises' litigation
records, partial cases against subject might not be available.
SDBC found below 10 related court record(s) against the subject within 5 years. If you need the full list or the details of subject
company, please contact SDBC Customer Service.
Judgment Date

Feb 06, 2023

Court

District Court Judgment

Plaintiff(s)Not obtained

Cause Action

Breach Of Contract

Case Details

Shunde District People's Court of Foshan City, Guangdong Province-(2023) Yue 0603
Executive No. 236

Judgment

To compensate the plaintiff with reimbursement of 216,318.00

Currency

RMB

Judgment Date

Jan 28, 2023

Court

District Court Judgment

Plaintiff(s)n/aCause Action

n/aCase Details

Zhejiang Hangzhou People's Court-(2023) Zhe 0102 Zhi No. 06

Judgment

To compensate the plaintiff with reimbursement of 1,231,700.00

Currency

RMB

Judgment Date

Jan 16, 2023

Court

District Court Judgment

Plaintiff(s)Not obtained

Cause Action

Breach Of Contract

Case Details

People's Court of Suzhou City, Jiangsu Province-(2023) Su 0103 Executive No. 075

Judgment

To compensate the plaintiff with reimbursement of 153,567.00

Currency

RMB

Judgment Date

Sep 26, 2022

Court

District Court Judgment

Plaintiff(s)n/aCause Action

Other Cases

Case Details

Sichuan Chengdu Interm. People's Court-(2022) Chuan 01 Xingchu 217.Closed

Judgment

To compensate the plaintiff with reimbursement of 708,168.00

Currency

RMB

Judgment Date

Aug 06, 2022

Court

District Court Judgment

Plaintiff(s)n/aCause Action

Other Cases

Case Details

Tianjin Binhai New Area People's Court - (2022) Jin 0116 Criminal Chu No. 19184.Closed

Judgment

To compensate the plaintiff with reimbursement of 790,700.00

Currency

RMB

Judgment Date

May 23, 2022

Court

District Court Judgment

Plaintiff(s)n/aCause Action

Commercial Bank Cases

Case Details

Shanghai No.1 Interm. People's Court-(2022) Hu 011 Xingchu 1270.Closed

Judgment

To compensate the plaintiff with reimbursement of 6,108,169.00

Currency

RMB

Judgment Date

Feb 19, 2022

Court

District Court Judgment

Plaintiff(s)n/aCause Action

Commercial Bank Cases

Case Details

Guangdong Guangzhou Huangpu Dist. People's Court-(2022) Yue 0112 Xingchu
21852.Closed

Judgment

To compensate the plaintiff with reimbursement of 145,532.00

Currency

RMB

Hearing Date

Sep 19, 2021

Court

hearing notice

Plaintiff(s)Chengwu Zhao

Cause Action

Other Cases

Case Details

Guangdong Foshan Shunde District People's Court-(2021) Yue 0606 MinChu No.11502

Judgment Date

Mar 16, 2021

Court

District Court Judgment

Plaintiff(s)N/ACause Action

Other Cases

Case Details

Lianyungang Lianyun District People's Court-(2021) Su 0703 Zhi No.625

Judgment Date

Apr 12, 2020

Court

Appointment of Liquidators

Plaintiff(s)N/ACause Action

Breach Of Contract

Administrative Penalty Information
We collected 1 administrative penalty records on subject company during the past 24 months. For the completed records, pleasecontact our customer service for more details.
File Number

Hu Jianfa (2022) No.63

Administration Name

Shanghai Administration for Market Regulation

Penalty Decision Date

Nov 09, 2023

Disclose Date

Nov 09, 2023

Irregularity

software illegal activities

Legal Basis

Not in conformity with the national software development Standards

Penalty Contents

1.Fine: RMB30,000.00

Fulfill Time Limited

2

Media Records

News Clipping
Date

Feb 03, 2023

Publication
cqn.com.cn-In December 2022, a number of quality problems occurred, and China Sample Report Co., Ltd. was blacklisted.

Date

Feb 03, 2023

Publication
sina.com.cn- China Sample Report Co., Ltd. was on the list of Shanghai High-Tech Zone Small and Medium-sized Scientific andTechnological Enterprises 2022.

Date

Jan 30, 2023

Publication
sohu.com-In the fourth quarter of 2022, a total of 72 unqualified samples were detected in the city's lighting quality spot check,and China Sample Report Co., Ltd. was on the 'black list'.

HISTORYRegistration
Registration Date

Feb 10, 2002

Registered At

Shanghai Administration For Market Regulation

Registration Number (United
Social Credit Code Certificate No)

91530100000XXXXXXXEnterprise Registration Status

in good standing (in operation, open and registered)Enterprise Management Status

open

Registered Capital

RMB 622,200,000

Paid-up Capital

RMB 622,200,000

Business Started

2002

Type of Business

A limited liability company (JV of foreign-invested enterprise(s) and domestic
company(ies))

Registered Address

No.**, Yongjia Road, Wuniu Industry Zone, Jiading District, Shanghai

Legal Representative

Yuan Wan

Business Scope

Lighting appliances, lamps and accessories (except electric light source), electricalantennas, plastic products (except medical plastic products) manufacturing, mechanicalparts processing. Self-supporting and acting as an agent for the import and export of all
kinds of goods and technologies (except for goods and technologies that are restricted
and prohibited by the state).

Shareholder(s)Shareholding Structure
Name

Region/ Country

SharesInvestment Mode

Paid-Up Rate

Sample Report Parent
Company

China

60%

Cash

fully paid

Sample Report Minor
Shareholder Co., Ltd.1

China

25%

Cash

fully paid

Sample Report Minor
Shareholder Co., Ltd.2

China

15%

Cash

fully paid

中国样本报告母公司

中国样本报告参股股东
有限公司1

中国样本报告参股股东
有限公司2

Total

100%

Above registration information was obtained from official registry source on Sep 22, 2023 .
Comment:
Its operation period is permanent.
The 2022 annual report of subject is published on May 30, 2023.
According to the annual report of subject published on May 30, 2023, subject's registered capital has been fully paid.
Investment and Financing Information
Event Title

China Sample Report Co., Ltd. completed A+ round of financing of RMB 100 million

Event Description

China Sample Report Co., Ltd. is a supplier of ight sources and lamp parts. Recently, itannounced the completion of A+ round of financing of RMB 100 million. This round of
financing was led by XX Investment, A subsidiary of the Chinese Academy of Sciences,followed by XX Investment, and XX Capital as the financial adviser.

Investment Date

Dec 25, 2022

Financing Round Name

Round A+

Financing Amount

10,000 RMB

Lead Investor Name

National Science Investment (Investment)

History Changes
Name Changed
From:

Jiading Sample Electrical Appliances Co., Ltd.

To:

China Sample Report Co., Ltd. (Current Name)

Change date:

Change date not available

Address Changed
From:

No.**, Bailang Road, Baisha Town Jiading District, ShanghaiTo:

No. **A, Nanjing Road, Huangpu Dist., Shanghai(Current Address)

Change date:On(in) Nov 11, 2003

Registered Address Changed
From:

No.**, Bailang Road, Baisha Town Jiading District, ShanghaiTo:

No.**, Yongjia Road, Wuniu Industry Zone, Jiading District, Shanghai (Current Registered
Address)

Change date:On(in) Feb 22, 2016

Shareholders Changed
From:

Jiangmen ** Co., Ltd.(60%), Sample Report Shareholder Co., Ltd.(40%)

To:

Jiangmen ** Co., Ltd.(40%), Sample Report Shareholder Co., Ltd.(60%)

Change date:

Change date not available

To:

Sample Report Parent Company(60%), Sample Report Minor Shareholder Co.,
Ltd.1(25%), Sample Report Minor Shareholder Co., Ltd.2(15%) (Current Shareholders)

Change date:On(in) May 08, 2008

Capital Changed
From:

RMB 800,000

To:

RMB 2,000,000

Change date:On(in) Jul 23, 2003

To:

RMB 622,200,000 (Current Capital)

Change date:On(in) May 08, 2008

Legal Status ChangedFrom:

A limited company

To:

A limited company (Current Legal Status)

Change date:On(in) May, 2008

Legal Representative Changed
From:

Song Zeng

To:

Yuan Wan (Current Legal Representative)

Change date:On(in) Jul 18, 2007

Registration Number Changed
From:

12357

To:

31072210000****Change date:

Change date not available

Integration of Three Licenses
From

Business Registration No. :31072210000****Tax No. :Not obtainedTo

Unified Social Credit Identifier :91530100000XXXXXXXCORPORATE STRUCTURE



LINKAGE UP
PARENT COMPANY
D-U-N-S:

65-386-1195

Company Name:

Sample Report Parent Company

Address:

No.** Fuzhou Road, Huangpu District, Shanghai , China

Tel:021-87654321

Engaged in:

Subject is mainly engaged in pharmaceutical distribution.123

Registered Capital:

USD 5,000,000

Type of Business:

not registered

Founded:Nov 28, 2006

Shares held in subject:

60%

MINOR SHAREHOLDER(S) OF SUBJECT
Company Name:

Sample Report Minor Shareholder Co., Ltd.1

Address:

China

Registered Capital:

56

Shares held in subject:

25%

Company Name:

Sample Report Minor Shareholder Co., Ltd.2

Address:

China

Shares held in subject:

15%

LINKAGE DOWNSUBSIDIARIES (SUBJECT OWNS MORE THAN 50%)Company Name:

China Sample Report No.1 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.2 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.3 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.4 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.5 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.6 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.7 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.8 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.9 Company

Owned By Subject:

100% owned by subject

Company Name:

China Sample Report No.10 Company

Owned By Subject:

100% owned by subject

At most 10 records of external capital investment and affiliated position is displayed above. If you need the full list or the detailsof the companies, please contact SDBC Customer Service.

AFFILIATE
Company Name:

China Sample Report No.1 Holding Company

Owned By Subject:

49% owned by subject

PRINCIPALSPrincipal(s)YUAN WAN-CHAIRMAN/LEGAL REPRESENTATIVE万远

Started with Subject

2007

Activity Status

Yes

Area of Responsibility

Overall management

Related Working Experience

5 Years - 10 Years

Affiliated Positions
Position

Company

DUNSManagement Status

Investment
Proportion

Investor/ Shareholder

No.1 Co., Ltd.

revoked100%

Executive Director /General Manager

No.2 Co., Ltd.

in operation (open)-

For detailed information of the foresaid enterprise, please order the SDBC investigation report.

OPERATIONSLINE OF BUSINESS
Subject is mainly engaged in production and sales of light sources and lamp parts.
US SIC Code 3645 0000

Residential lighting fixtures

US SIC Code 3641 0000

Electric lamps

US SIC Code 5063 0400

Lighting fixtures

The operation is seasonal.
The peak season of subject is from July to November.
The peak season of subject is from March to April.
Subject provides OEM Service.
Subject provides ODM Service.

BRANDS
Brands Owned

AAA**

TRADEMARKS
Trademark NameAAA**

Registration Number

123456

Registration Date

Sep 09, 2022

AWARDS & CERTIFICATIONSAwards & Certifications NameHigh Tech Enterprise Certification

Issued By

Shanghai Certification Office

Date Awarded

Dec 04, 2022

Date Expired

Dec 04, 2025

RANKING
Date

Content

No.

Source2021

China's Top 500 Companies

59

China's Top 500 Enterprises
2021 Deve Report

LICENSES
License Name

GSP

License Number

License Number

Issued By

Shanghai Administration For Market Regulation

Date Awarded

Jan 01, 2023

Date Expired

Jan 01, 2025

Scope

Scope

Subject is entitled to independent import and export rights.

PATENT
Application Number

Application Date

Publication Date

Duration of Patent

Invention Title

201210422*****

Oct 29, 2012

Feb 06, 2013

20 Yearautomatic sensing
devicePatent refers to an exclusive right with a time limit for the invention or creation that applied to national approval authorities andapproved qualified after legal examination. The three categories of patent are invention patent, utility model patent and design
patent.

PRODUCTS & SERVICES
Product Name

Maximum Productivity

Percent

Halogen energy lamps

1,200,000 pieces per year

30%

JDD series

1,000,000 pieces per year

70%

Subject owns 32 sets of manufacturing equipments made in China.
Subject owns2 production lines made in Indonesia.

ANNUAL OUTPUT
Product Name

AmountYear

Halogen energy lamps

1,000,000 pieces

2022

Product Name

Output ValueYear

Halogen energy lamps

RMB 50,000,000

2022

Product Name

Sales

Year

Halogen energy lamps

900,000 pieces

2022

ANNUAL OUTPUT VALUEANNUAL SALESPURCHASING
Purchase Territory
Area

Percent

Region/Country

Domestic

80.00%

Anhui
BeijingFujianGansu

Overseas20.00%

United States
Germany

Purchasing Terms
Terms

Percent

Credit30-90 days

60%

Partial Advance

-

20%

L/C

-

10%

Agreement/Contract basis-

10%

Purchasing Settlement Method
Settlement Method

Percent

Check
T/T
L/C
Suppliers Number:

100

Major Suppliers
Area

Name

DUNS

Domestic

Supplier 1 Co., Ltd.

65-411-9700

Domestic

Supplier 2 Co., Ltd.

54-524-7560

Overseas

Supplier 3 Co., Ltd.

SELLING
Sales Territory
Area

Percent

Region/Country

Domestic

80%

Anhui
Beijing
The northeast of China

Overseas20.00%

Singapore

Selling Terms
Terms
CreditPercent
30-90 days

70%

Advance-

30%

Selling Settlement Method
Settlement Method

Percent

T/T
Draft
Customer Type
Customer Total

100

Type

Percent

Manufacturers
Wholesalers
Retailers
Major Customers
Area

Name

DUNS

Domestic

Customer 1 Co., Ltd.

54-002-5466

Overseas

Customer 2 Co., Ltd.

54-002-5477

CHINA CUSTOMS IMPORT AND EXPORT DATA
Customs Credit Rating

registered and filed enterprise

Adjustment Date of Credit Rating

Jul 23, 2022

Validity Period of Customs
Declaration

permanent

Original Customs Rating

Customs undisclosed

Filing Date

Jul 30, 2018

Reason/Description of Credit
Rating Adjustment******

According to the 'Measures of the Customs of the People's Republic of China for Credit Management of Registered and FiledEnterprises' published on September 6, 2021, since November 1, 2021, the Customs has recognized enterprises as 'Advanced
Certification Enterprise', 'Dishonest Enterprise' and 'Other Registered and Filed Enterprises' according to their credit status.
According to Article 4 of the 'Measures of the Customs of the People's Republic of China for Credit Management of Enterprise':
The enterprises, which have applied and are recognized as 'Advanced Certification Enterprise' by the Customs according to
the standards and procedures stipulated in the 'Measures of the Customs of the People's Republic of China for Credit
Management of Enterprise', will be implemented convenient management measures.
The enterprises, which are recognized as 'Dishonest Enterprise' according to the collected credit information and thestandards and procedures stipulated in the 'Measures of the Customs of the People's Republic of China for Credit
Management of Enterprise', will be implemented strict management measures.
The enterprises, which are not recognized as 'Advanced Certification Enterprise' or 'Dishonest Enterprise', will be
implemented routine management measures.

EMPLOYEES
Employee Size

Type

Number

Source

Total

1,500

self-inquiry

Here

1,000

Office clerk

22

Sales Person

33

Administrative Staff

100

Technician

140

EMPLOYEE SIZE FROM DIFFERENT SOURCES
China D&B Collects the employee size of Subject company from multiple sources and selects the most reliable data from themaccording to the data validity rules for enterprise risk assessment. The employee size from different sources listed below is forreference only
Employee Size

Date

Source8002022

Annual Report – Social Security

1,500

Oct 27, 2022

self-inquiry

MAJOR FUNCTIONAL DEPARTMENTS

Department(s)Administration Dept.
Business Dept.
Finance Dept.
Sales Dept.
Production Dept.
Purchasing Dept.
Quality Control Dept.
Human Resources Dept.
Foreign Trade Dept.
4548741

DEVELOPMENT PLANS
Subject plans to build 2 buildings used for production, warehouse and office.

LOCATION
Principal Place of Business
Location Description

An industrial area

Land Area

3,000 sqm

Floor Space

3,000 sqm

Used asOffice and factory

Occupation Type

Rents

Other Place of Business

Type

PLANT(S)Registered Address:

No.* Wuniu Industry Zone,Jiading District, Shanghai

Type

BRANCH(ES)Name

China Sample Report Co., Ltd. Guangzhou Branch

Registered Address:

No.***,Tangling Road, Yuexiu District,Guangzhou

Tel:

23

Type

REGISTERED ADDRESS

Registered Address:

No.**, Yongjia Road, Wuniu Industry Zone, Jiading District, Shanghai

PROVINCE BACKGROUND
ShanghaiGeological Characters

East China, Yangtze River Delta, coastal area

Area (square kilometers)

6,340

Population (as end of 2023) million

24.87

Position in the national economy

One of four municipalities; the largest city and the economic centre, financial center andlogistics center in China

Major Industry Sectors

Electronic information products manufacturing, automobile industry, petrochemical andfine chemical industry, high-rank steel products, complete set of equipment
manufacturing and biological & pharmaceutical industry

Key Economic Indicators

Year 2022

Year 2023

China (2023)

GDP Value (RMB billion)

4,465.28

4,721.87

126,058.20

3.3

5.8

4.2

Agricultural Sector

0.2

0.2

7.1

Industry & Construction
Sector

25.7

24.6

38.3

Service & Trading Sector

74.1

75.2

54.6

Fixed Assets Investment (RMB
billion)954.381,086.08

50,970.80

Fixed Assessment Growth (%)

-0.1

13.8

2.8

Consumer Price Index (pre.
Yr=100)

102.5

100.3

100.2

Import value (USD billion)

368.25351.142,552.15

-4.6

0.1

-5.2

254.74

246.61

3,373.58

4.6

1.6

0.6

Number of FDI Projects
Approved

4,352

6,017

53,766

Number of FDI Growth (%)

-35.1

38.3

39.7

Contracted FDI (USD billion)

23.96

24.09

160.91

Foreign Investment Growth
(%)

6.2

0.5

-12.2

GDP Growth Rate (%)
GDP Composition:

Import Growth (%)
Export Value (USD billion)
Export Growth (%)

INDUSTRY HIGHLIGHTS

INDUSTRY HIGHLIGHTS
Date

May 13, 2024

SourceStatistics Authorities

DetailFrom January to December 2023, the cumulative output of electrical instruments andmeters was 275.636 million units, a year-on-year increase of 6.74%. In December, 31.242
million electrical instruments and meters were produced, a year-on-year increase of
22.99%.
In 2023, the operating income of China's electrical machinery and equipment
manufacturing enterprises above designated size was 11,005.990 billion yuan, a yearon-year increase of 6.18%. The total profit was 633.450 billion yuan, a year-on-yearincrease of 7.08%.

Date

May 22, 2023

SourceStatistics Authorities

DetailFrom January to December 2022, the cumulative production of electrical instruments
and meters was 258.22 million units, a year-on-year decrease of 7.19%. In December,
25,403,000 units of electrical instruments and meters were produced, a year-on-year
decrease of 14.61%.
In 2022, the operation of China's electrical appliance industry was generally stable, withthe main business income approaching 6 trillion yuan, a year-on-year increase of about
10%; The total profit exceeded 350 billion yuan, a year-on-year increase of about 10%,and the industry continued to maintain a rapid growth trend.

FINANCIAL INFORMATIONFINANCE
Please note that any financial information (such as financial statements) included in this report was obtained with the company's
consent or from the stock exchange. If no financial information is provided in this report, it is because the company did notprovide its consent to have such information disclosed. Pursuant to the Interim Regulations on the Public Disclosure of Enterprise
Information, issued by the State Council and effective from 1 October 2014, companies will no longer be required to submit theirfinancial statements to the Administration of Industry and Commerce (AIC). Instead, only limited financial figures of the company
will be reported to the AIC, and such figures will be made available in reports only if the company itself has consented to thedisclosure of such financial figures. These new requirements affect all company financial information for the 2013 financial year
and onward, and as such, financial statements should no longer be available in any reports for the 2013 financial year andonward,unless the company itself has provided such statements and consented to the disclosure of such statements, or thecompany's financial statement has been published on a stock exchange.
The 2022 balance sheet and profit and loss statement were audited by Zhitong Certified Public Accountants'Firm.

FINANCIAL HIGHLIGHTS
Dec 31, 2022
RMB inThousands

Change %Dec 31, 2021
RMB inThousands

Change %Dec 31, 2020
RMB inThousands

Current Assets

1,793,883-7.81%

1,945,838

1.83%

1,910,883

Current Liabilities

1,177,701-1.42%

1,194,673

5.77%

1,129,476

Working Capital

616,182-17.97%751,165-3.87%

781,407

Tangible Net
Worth1,431,037

1.54%

1,409,291

3.25%

1,364,879

Fixed Assets

539,577

10.73%

487,297399.88%97,482

Total Assets

2,914,540

0.97%

2,886,463

4.67%

2,757,682

Total Liabilities

1,295,137-0.07%

1,296,081

7.11%

1,210,069

Total Equity

1,619,403

1.82%

1,590,382

2.87%

1,547,613

Sales

717,210-1.82%

730,4760.43%

727,323

Net Profit(Loss)

30,236-37.37%

48,279-10.10%53,702HISTORICAL PERFORMANCE: BALANCE SHEET

2,500,000

2,000,000

sdnasuohT

1,500,000

1,000,000

500,0000

Dec 2022

Total Current Assets

Dec 2021

Dec 2020

Total Fixed Assets

Total Intangible Assets

Total Investment

BALANCE SHEET
Dec 31, 2022
RMB in Thousands
Fiscal(Consolidated)

Dec 31, 2021
RMB in Thousands
Fiscal(Consolidated)

Dec 31, 2020
RMB in Thousands
Fiscal(Consolidated)

Cash and Bank

311,993

469,540

364,482

Accounts Receivables

152,748

158,592

175,706

Notes Receivables

9,602

11,00010,367

Other Receivables

26,38032,271-Dividends Receivable

9,605

9,605

9,605

Inventory

1,154,254

1,078,138

917,364

Advance to Suppliers

6,294

26,891

13,729Other Current Assets

95,26273,151

98,810Fin. Assets for Sale

27,74586,650320,820

Total Current Assets

1,793,883

1,945,838

1,910,883

Construction in Progress

428,399

393,812-

Fixed Assets,net

17,206

19,52821,667

Investment Real Estates

93,972

73,95775,815

Total Fixed Assets

539,577

487,297

97,482

R&D Expenses

32,68436,016

12,798Intangibles

155,682

145,075

169,936

Total Intangible Assets

188,366

181,091

182,734

LT Equity Investment

130,205

124,234

117,528

Other Assets

240,631

123,717422,847

Deferred Tax Assets

20,92622,08522,758LT Prepaid Expense

952

2,201

3,450

Total Investment & Other
Assets392,714272,237

566,583

TOTAL ASSETS

2,914,540

2,886,463

2,757,682

LT Debt Due in 12 Mths

5,044

-

-

Short-Term Loans

569,511570,510501,557

Other Payables

28,19230,368-

Accounts Payable

337,428

389,035

219,056

Notes Payable

19,6206,537

55,491

Advances from Customers

1,003

915

164,196

Provision:Taxes & Fees

10,118

7,383

14,193

Other Current Liabilities

184,198

168,298

152,185

Accrued Payroll

22,587

21,627

22,798

Total Current Liabilities

1,177,701

1,194,673

1,129,476

Other Non-Current Liab

109,132

94,97576,542

Deferred Tax Liab.

8,304

6,433

4,051

Total Non-Current
Liabilities

117,436

101,408

80,593

Total Liabilities

1,295,137

1,296,081

1,210,069

Capital622,200

622,200

622,200

Others48,061

39,94345,452Retained Earnings

493,922475,423

428,573

Surplus76,31874,212

71,463

Capital Reserve369,359369,359369,359

Owners Equity

1,609,860

1,581,137

1,537,047

Minority Interest

9,543

9,245

10,566TOTAL LIABILITIES & EQUITY

2,914,540

2,886,463

2,757,682

HISTORICAL PERFORMANCE: PROFIT & LOSS

220,000
200,000
180,000
160,000
140,000

sdnasuohT

120,000
100,000
80,00060,00040,00020,0000

Dec 2022

Gross Profit/Loss

Dec 2021

Dec 2020

Operating Profit/Loss

Profit/Loss Before Tax

PROFIT & LOSS STATEMENT
Dec 31, 2022
RMB in Thousands
Fiscal(Consolidated)

Dec 31, 2021
RMB in Thousands
Fiscal(Consolidated)

Dec 31, 2020
RMB in Thousands
Fiscal(Consolidated)

Sales

717,210

730,476

727,323- Cost of Goods Sold452,768

461,861456,312- Cost of Sales

42,205

41,16540,293- Sales Tax

6,405

5,193

5,077

Gross Profit/Loss

215,832

222,257

225,641+ Investment Income

12,66021,404

20,824- Other Expenses

78,827

83,62098,840- Asset Impairment Losses

4,139

1,779

-

- Financial Expenses

23,42624,852

20,683- Administrative Expenses

84,83583,41393,727

Operating Profit/Loss

37,26549,99733,215+ Non Operating Income

191

35

23,051+ Other Non Ope. Income

-

1

-

- Non-Operating Expense

815

219

385

Profit/Loss Before Tax

36,64149,81455,881- Income Tax

6,405

1,535

2,179

Net Profit(Loss)

30,23648,27953,702

Minority Interest

297-1,3203,886

Net Profit Attributable toParent Company

29,93949,59949,816

CASH FLOW HIGHLIGHTSKEY FINANCIAL RATIOSDec 31, 2022
RMB inThousands
Fiscal(Consolidated)

Change %Dec 31, 2021
RMB inThousands
Fiscal(Consolidated)

Change %Dec 31, 2020
RMB inThousands
Fiscal(Consolidated)

Net Cash Flowfrom Operations

64,217-11.09%72,225-33.28%108,244

Net Cash Flowfrom Investment-191,663-27,957.99%

688-101.38%-49,710Net Cash Flowfrom Finance-29,826-168.99%

43,232

5.40%

41,018Foreign Exchange
Adjustment-2,191-66.69%-6,578-509.08%

1,608

Total Net CashFlow

-159,463-245.54%

109,567

8.31%

101,160

Ratio

2022

2021

2020

Current Ratio

1.52

1.63

1.69

Quick Ratio

0.54

0.73

0.88

Total Debt/Equity Ratio

0.8

0.82

0.79

Debt Ratio

0.44

0.45

0.44

Collection Period (Days)

77.00

78.00

87.00

Payment Period (Days)

268.00303.00173.00Inventory Turnover (Days)

918.00840.00724.00Asset Turnover

0.25

0.25

0.26

Gross Profit Margin %

30.09

30.43

31.02

Net Profit Margin %

4.17

6.79

6.85

Return on Equity %

1.86

3.14

3.24

Return on Assets %

1.04

1.67

1.95

Cash Coverage Ratio

-0.13

0.09

0.08

Net Profit Cash Guarantee
Ratio

-5.32

2.20

2.03

Cash Sales Revenue Recovery
Ratio

-0.22

0.14

0.13

LIQUIDITY RATIOS

1.6
1.4
1.2
1.0

oitaR

0.8
0.6
0.4
0.2
0.0

Dec 2022

Current Ratio

Dec 2021

Dec 2020

Quick Ratio

PROFITABILITY RATIOS

6

5

4

oitaR

3

2

1

0

Dec 2022

Net Profit Margin %Dec 2021

Return On Assets %Dec 2020

Return On Equity %FINANCIAL COMMENTS
Subject's financial statement of 2020-2022 were obtained from subject personally, and they have been audited by Zhitong
Certified Public Accountants'Firm.
Business Performance: According to subject's financial statements of 2022, its sales realized RMB 717,210 thousand, keeping
stable, indicating its decent unsatisfied business performance. During the same year, subject's net profit booked RMB 29,939
thousand, down 39.64% from the previous year. Its net profit margin was 4.17%, lower than the year-earlier level, which indicatedits profitability should be improved.
Solvency: By the end of 2022, Subject's current ratio and quick ratio posted 1.52 and 0.54 respectively, Its working capitaldecreased to RMB 616,182 thousand. At the end of 2022, subject's debt ratio stood at 0.44, which indicated its capital structure
was reasonable.
Overall financial status of subject is considered as fair.

BANKING
The company maintains relationship(s) with the following bank(s) in China:

Agricultural Bank of China,Jiading Branch

APPENDICESThe information in this report was last updated on Jul 23, 2024.
D&B Failure Score Interpretation
D&B Failure Score is Dun & Bradstreet’s risk assessment score for China market. D&B Failure Score establishes a scientificstatistical analysis model by studying the regularity of a large amount of data. D&B Failure Score is used to predict the probability
that an entity will be deregistered or revoked in next 12 months.
D&B Failure Score is initially rolled out in January 2023. In order to objectively and consistently assess enterprise risk, Dun &Bradstreet combines a large amount of business information, expert analysis and statistical analysis techniques under theframework of Dun & Bradstreet's global model development methodology, and analyzes and verified the data samples of millionsof Chinese enterprises. The D&B Failure Score of China not only conforms to the consistency of the global D&B Failure Score logic,
but also applies to the risk assessment of Chinese enterprises. The validity and accuracy of the score will be evaluated and verified
annually based on changes in the actual economic environment and risks, and the logic of the score may be fine-tuned to ensurethat the score meets Dun & Bradstreet scoring standards and requirements.
When using this score to make decisions about a company, Dun & Bradstreet recommends that you combine your D&B Failure
Score with the specific circumstances of your customer base to establish a risk score that is appropriate for your company. For acompany with a high-risk score for D&B Failure Score, it does not mean that trading with the company will necessarily incur risk.
Risk Level

Percentile Score% in Database

Incidence of FailureLow

86-10015%

0.05%

Low-Moderate

46-85

40%

0.16%

High-Moderate

11-45

35%

0.40%

High

1-10

10%

0.86%

Key Indicators of D&B Failure Score：Firmographics information
Shareholder
Employee
Type Of BusinessIndustryAge of Business
Trade Data
Past DuePAYDEX
Financial Data
Asset Liability Ratio
Asset turnover
Net Profit Growth Rate
Net Profit Ratio
Active Data
History Changes
Business Activities
Investment and Financing Information
Public Record Data
Administration Penalty

Lawsuits
Adverse Media
Bribery

D&B Failure Score will not be granted to the following entities:
Subject is a BranchBusiness data was updated more than two years ago
Subject is Out of Business
Subject is non-enterprise entity, which is not registered in local Administration for market regulation or not an independent
legal entity
Subject is classified as a sensitive entity
Subject is not registered in mainland China
The firmographics data of subject is incomplete (such as no Name, Province, Registered Capital, Started Year, Type ofBusniess, Industry Code [SIC])

D&B Rating Interpretation Tables
Composite Credit Appraisal
1

Low Risk2

Low-Moderate Risk

3

Moderate-high Risk

4

High Risk-

Undetermined

Financial Strength Indicator

Range

Net worth

Capital

From

To

5A

5AA

450000000

And Above

4A

4AA

85000000

449999999

3A

3AA

8500000

84999999

2A

2AA

6500000

8499999

1A

1AA

4500000

6499999

A

AA

2500000

4499999

B

BB

1750000

2499999

C

CC

1000000

1749999

D

DD

650000999999E

EE450000649999F

FF

300000449999G

GG

200000299999H

HH

0199999Alternate Ratings

Explanation

O3

Sensitive entities or non-publicorganizations

O-

an individual household or no valid
information found

NB

New Business: Less than 24 months

NQ

Out of Business: Business has ceased to
trade

BR

Branch or division location

INV

Investigation is undergoing

Explanation of PAYDEX
A score of 80 denotes that payments reported to D&B have generally been made within terms. Scores over 80 indicate thatpayments reported to D&B have been made earlier than terms. The chart below outlines the specific 0-100 score and what itmeans.
D&B PAYDEX®

Payment Habit

100

Anticipate

90

Discount

80

Prompt70

15 days beyond terms

60

22 days beyond terms

50

30 days beyond terms

40

60 days beyond terms

30

90 days beyond terms

20

120 days beyond terms

0-19Over 120 days beyond terms

UN

Unavailable

Customs Rating
On March 3, 2018, General Administration of Customs of the People's Republic of China published the announcement of theimplementation of 'Customs Enterprise Credit Management Measures of the People's Republic of China'. From May 1, 2018, thecustoms recognize the certified enterprises, general credit enterprise and dishonest enterprises according to the enterprise
integrity. The certified enterprises are divided into high certified enterprises and general certified enterprises.
Please refer to the customs chain link: No. 237 order of General Administration of Customs (Customs Enterprise Credit
Management Measures of the People's Republic of China)
http://www.customs.gov.cn/customs/302249/302266/302267/1471687/index.html
Customer Service
Customer Service Contact Information
Website:www.dnbchina.com

Telephone:

400-820-3536 (Shanghai)

Our ref:

202407265009301379

Data Subject Inquiry
Inquiry Reason :Registration

Announcement :subject feedback that it has increased capital.

Contact Person :Ms.Zhang

Reference :The data was confirmed to be wrong after verification

Result :The verification has confirmed that the data is wrong; the data has been corrected ordeleted.

Announcement :subject reports that the plaintiff is dropping the case.

Contact Person :Mr.Wang

Reference :The plaintiff's withdrawal information was not verified.

Result :The verification has confirmed that the data is correct; the data remains unchanged.

Statement
The copyright of this report belongs to Dun & Bradstreet and its affiliated companies and this report shall only be internally usedby the customer who subscribes for this report. Without prior written consent of Dun & Bradstreet, this report may not be
reproduced, extracted, provided or resold in whole or in part in any form. This report can only be used for legitimate purposesand shall not be used for illegal purposes such as endangering national security and public interests and infringing on thelegitimate rights and interests of citizens or organizations. This report shall not be used for personal, family or household credit orinsurance, or for employment. Due to the limitation of information sources and the fact that some information cannot be
controlled and verified by Dun & Bradstreet, Dun & Bradstreet cannot guarantee the accuracy, completeness, or timeliness of theinformation provided. This report is for customer's reference only. Dun & Bradstreet does not bear any commercial risks ofcustomers and shall not be liable for any loss or injury whatsoever resulting from contingencies beyond its control or fromnegligence.

END OF REPORT