TigerResearch/tigerbot-earning-plugin huggingface dataset:
In terms of kitchen and bathroom and small household appliances, in addition to some traditional electrical appliances, the Company focuses on creating tea ecological electrical appliances and services, intelligent cleaning appliances and gas-type hot water appliances. In terms of small household appliances, according to the needs of users, it carefully cultivated the industry field, strengthened the integration of product functions, made break- through in the bottleneck of product refrigeration technology, and launched the industry's first smart refrigerator tea-cabinet water dispenser machine, and developed the intelligent tea art machines for mass consumers. In terms of kitchen and bathroom appliances, it improved the array of high-end gas products with full screen, lower drum DC, double gas and dual regulation, intelligent monitoring, segmented combustion and other technologies to lead the high-end and high-quality development of the industry; also, it had a layout in the new track in the cleaning electrical appliance industry, and launched the first floor scrubber product to enter the market strongly.
In terms of the biomedical development, the Company adhered to the brand concept of "taking products as the main carrier and delivering core values to users", focused on the field of life sciences, continued to promote product iterative innovation and quality upgrading based on user scenario-based needs, and provided users with professional full-scenario solutions, so as to shape a safe and stable brand image and continuously enhanced brand influence. It launched a new generation of "Cloud-Intelligent-Safe Automation Sample Library", and originally developed the -80°C independent storage unit, which has the advantages of high compatibility, multi-partition, phased and multi- system guarantee, and integrated IoT technology to provide users with safer and more intelligent automated sample storage solutions.
The Company has a relatively advanced and perfect R & D and quality assurance system, passed ISO9001, ISO14001, ISO45001 and other management system certification, and its products have quality assurance with reliableproduct performance. Meanwhile, the Company owns the "National Enterprise Technology Center","National Industrial Design Center", "National Intellectual Property Demonstration Enterprise", "National Industrial Product Green Design Demonstration Enterprise", "National Technology Innovation Demonstration Enterprise", "China Industry-University-Research Cooperation Innovation Demonstration Enterprise", "Anhui Green Energy Saving Refrigerator Engineering Technology Research Center", "Anhui Energy Saving Green Preservation Refrigerator Engineering Research Center", "Anhui Manufacturing Innovation Center" and other authoritative certifications as a strong guarantee. In terms of technical research, it’s been committed to the application of basic technology research and industrialization transfer, and has established a technical strategic plan with "intelligence, frequency conversion, simulation, and preservation" as the core technology and the "refrigeration, new materials, and foaming" as the key technology. In terms of product development, the Company is committed to user-centric, adhering to the product strategy of "fresh, thin, large and imbedded", creating the brand mentality of "Meiling fresh" in function, creating a "thin imbedded integration" design aesthetic in space, creating a storage benchmark of "ultra-high volume ratio" in terms of volume. Relying on technological innovation and breakthroughs,
it has been promoting the product upgrading, and constantly developing healthy, green and intelligent products that meet user needs, so as to empower consumers with a better life. At the strategic level, the Company continues to adhere to the core idea of "intelligent strategy and productism", and promotes the Company's product transformation, technological innovation and industry leadership by promoting the follow-up research and development, promotion and technological upgrade of intelligent and frequency conversion products.
(3) Operation capacity
The Company continues to carrying out bench-marking activities to improve the operation and management standards and competitiveness of the Company. At the same time, the internal management capability has been continuously improved by continuing to carry out the improvement work in "human efficiency, money efficiency and material efficiency". The company established a hierarchical sharing system with clear goals, quantitative indicators, performance-oriented performance appraisal and incentives to activate internal productivity. Taking value chain management as the main line, continued to carry out value creation work, and enhanced the company's competitiveness. At the same time, continuously improved the internal control system and improved the ability to prevent risks.
(4) Marketing ability
The Company has established a relatively complete sales network and service system, which can provide users with high-quality services covering all categories of white goods. The domestic market is actively accelerated to realize the marketing transformation from product line-oriented sales management to channel- and user-oriented business services, from single-category marketing to full-category marketing, quickly building an operation management system with reasonable commercial inventory management as the core and a value management system core with terminal retail price; through determined bench marking match, achieved products leading and efficiency improvement and builds the capability for marketing system and development potential for long period of time.
In terms of the overseas markets, it made the full play of the industrial advantages of internal and external synergy, air-conditioning and washing product synergy and global collaboration. While continuously improving overseas product research and development capabilities and product competitiveness, it committed to help customers do well in market segmentation, plan the products that meet the target market. Based on the marketing capabilities accumulated in China for many years, it has been driving the overseas market segments by tailored marketing strategies, providing customers with value-added services such as marketing promotion support on the basis of high-quality products, and improving core customer satisfaction. Meanwhile, we actively explored the overseas markets, expanded new customers, and constantly optimized the customer structure; It accelerated the overseas brand building, enhanced the overseas brand familiarity, deepened the overseas marketing channels and promotion capacity building.
IV. Main Business Analysis
In 2022, in the face of the macroeconomic downturn, the continued sluggish consumption, the overall decline of the industry, In addition, the impact of factors such as high temperature power limit on the market, all units of the Company united and forged ahead, and finally achieved a contrarian growth in sales scale and a significant improvement in operating quality. During the reporting period, the Company's operating income reached 202.15 billion yuan, a YOY increase of 12.10%, and achieved a net profit of 2.77 billion yuan, a YOY increase of
218.17%%, taking a solid step towards positive and stable operation.
(1) Refrigerator (cabinet) industry
In the domestic market, the Company adhered to the product strategy of "boutique + explosive + fine explosive products", focused on "fresh, thin, large, embedded" product layout, and with offline "big narrow door" series, online "worry-free embedded" and "Magic Stone" series products being successfully launched, it promoted the positive operation of products. In terms of basic channels, the digital transformation area has been expanded, the scale has been improved, and the front-installing market and the ODM business have been strategically expanded, with a large increase in scale. Upon the steadily improving online C-end operation capabilities, the profit and loss have been improved, and the B-end expansion capabilities have been enhanced, as well as the online scale has increased by nearly 30% YOY.
For the overseas market, it adhered to the "production determined by container arrangement", adhered to the integration of production, marketing and supply, increased the proportion of direct delivery, reduced the total inventory, and improved the inventory turnover rate, so as to improve capital efficiency. In terms of market expansion, it seized the opportunity to enhance the market opportunity, improve the product and customer structure, consolidate the advantageous market, build a base for its own brand business, and it focused on exploring the Belt and Road market.
During the reporting period, the Company's refrigerator (cabinet) business achieved revenue of about 73.13 billion yuan, a YOY decrease of 5.34%.
(2) Air-conditioning industry
In the domestic market, it mapped out to do the online explosive boutique product of cabinet and hang-up products and expand the unique value products offline. By developing new customers and making single boutique products, and implementing special action plans, it has achieved the initial results in terms of channel improvement. In addition, the large-scale high temperature weather across the country has significantly driven the retail, and the outbreak of O2O more-direct channels has exceeded expectations, obtained with a large YOY increase; Also, it has strengthened the cooperation with core strategic customers, and the ODM business has increased significantly.
In terms of overseas markets, we have focused on key customers, developed new, high-quality, and frequency conversion products and continuously improved customer service capabilities, ensuring delivery, promoting order turnover, concentrating resources, and making rapid breakthroughs, and further enhancing the threshold of TOP10 major customers; Upon centering on Latin America, the Middle East and other base markets, it has seized new opportunities for market development, and increased the proportion of revenue in core markets; it continuously injected impetus into business development by increasing the development of new customers.
During the reporting period, the Company's air conditioning business achieved a revenue of about 97.82 billion yuan, a YOY increase of 42.44%.
(3) Washing machine industry
The Company's washing machine industry adheres to the competitive strategy of differentiation and high quality, and continuously optimizes and adjusts the product structure. In the domestic market, it used the differentiated competitive advantage of "super thin" to closely focus on user needs, continued to promote product leading strategies, and completed the layout of high-end products such as 5GIIcomplete set of lookup series, superoxide purification series, and high-box pulsator wave waterfall second generation fashion version. It continuously promoted the technological innovation, carried out the layout of the industry's original "drying tunnel washing" technology, completely solved the problem of easy blockage and unhealthy drying of the drying tunnel of the wash-and-drymachine, which has been highly recognized by the industry and consumers.
In terms of foreign markets, we actively expand the washing machine business with industrial innovation thinking. We developed a 27-inch ultra-large capacity wave washing machine exclusively for overseas, and realized the global layout of the product platform to meet the needs of overseas products. By improving customer service, we achieved the rapid development and delivery of new products to promote the rapid order turnover. Upon vigorously promoting the ultra-thin drum series, the profitability of the product has been significantly improved. During the reporting period, the Company's washing machine business achieved the revenue of about 7.54 billion yuan, a YOY increase of 12.64%.
(4) Kitchen & bathroom, small appliances
Adhering to tea appliances, gas water heaters and clean electrical products as the core, focusing on core product areas and steadily stabilizing the foundation, it has improved the scale of basic category products and gradually established the industry influence. Based on the traditional marketing, the Company actively embraced the new retail, vigorously explored the emerging channels, comprehensively sorted out the organizational structure of offline channels from the inside, and promoted the flattening transformation of offline channels. It has carried out the online comprehensive layout of traditional e-commerce Tmall, Jingdong, Pinduoduo and other e-commerce platforms, meanwhile based on Douyin, Xiaohongshu, Kuaishou and Youtube four emerging e-commerce platforms, with the goal of creating explosive products, it concentrated resources to focus on key products in categories to achieve brand awareness improvement not only through extensive grass cultivation but also to shape the brand story to consolidate the dominant position of Meiling brand in the industry. During the reporting period, the Company's kitchen and bathroom and small household appliances business achieved the revenue of about 16.06 billion yuan, a YOY increase of 20.72%.
(5)Biomedical
The Company's biomedical industry is deeply engaged in the field of biological sciences. Based on market demand, it continuously strengthens the innovation and research and development of new technologies and new products, optimizes the research and development process, stimulates the vitality of innovation and research and development, and forms sustainable technological innovation capabilities; Based on market demand, it carried out the in-depth market segmentation channel layout, and continuously improved market service level,promoted the standardization of production processes, improved the level of value chain management and improved the capacity efficiency and product quality; The Company absorbed outstanding talents, improved the construction of talent training system, and stimulated the Company's vitality and creativity. Its biomedical industry is mainly carried out by its subsidiary Zhongke Meiling, whose products cover the full temperature zone of -196°C to 8°C, and have been widely used in medical systems, blood systems, disease control systems, health systems, university scientific research institutions, biomedical enterprises, genetic engineering and life sciences and other fields. Zhongke Meiling has been officially listed on the Beijing Stock Exchange on October 18, 2022 and publicly issued shares. During the reporting period, the revenue of biomedical business was about 3.52 billion yuan, a YOY decrease of 20.12%.
(ii) Revenue and cost
1. Constitute of operation revenue
|2022||2021|| Increase/decrease y-o-y (+,-)
| Amount| Ratio in operation revenue| Amount| Ratio in operation revenue|
 Total operation revenue|20,215,220,192.20|100%|18,032,957,501.44|100%|12.10%
 On Industry|||||
 Manufacture of household appliances|20,037,625,297.52|99.12%|17,331,645,754.46|96.11%|15.61%
 Other business|177,594,894.68|0.88%|701,311,746.98|3.89%|-74.68%
 On products|||||
Refrigerator, freezer|7,664,575,851.66|37.91%|8,165,836,380.29|45.28%|-6.14%
 Air-conditioning|9,781,896,262.72|48.39%|6,867,304,359.29|38.08%|42.44%
 Washing machine|753,549,855.38|3.73%|668,996,516.82|3.71%|12.64%
 Small appliance and kitchen & toilet|1,605,989,880.27|7.94%|1,330,315,557.62|7.38%|20.72%
 Other products|231,613,447.49|1.15%|299,192,940.44|1.66%|-22.59%
 Other business|177,594,894.68|0.88%|701,311,746.98|3.89%|-74.68%
 Area|||||
Domestic|15,038,808,862.28|74.39%|13,212,985,690.01|73.27%|13.82%
 Foreign|5,176,411,329.92|25.61%|4,819,971,811.43|26.73%|7.40%
 Sub-sale model|||||
 Direct sales|177,594,894.68|0.88%|701,311,746.98|3.89%|-74.68%
 Distribution|20,037,625,297.52|99.12%|17,331,645,754.46|96.11%|15.61%
2.Situation of Industry, Product and District Occupying the Company’s Business Income and Operating Profit with Profit over 10%
| Operating revenue| Operating cost| Gross profit ratio| Increase/decre ase of operating revenue y-o-y| Increase/decreas e of operating cost y-o-y| Increase/de crease of gross profit ratio y-o-y
 On Industry||||||
 Manufacture of household appliances|20,037,625,297.52|17,325,069,941.59|13.54%|15.61%|13.43%|1.66%
 On products||||||
 Refrigerator, freezer|7,664,575,851.66|6,346,869,532.77|17.19%|-6.14%|-8.62%|2.25%
 Air-conditioning|9,781,896,262.72|8,770,265,668.68|10.34%|42.44%|37.81%|3.01%
 Small appliance and kitchen & toilet|1,605,989,880.27|1,408,047,190.15|12.33%|20.72%|21.99%|-0.90%
Area||||||
 Domestic|14,871,610,639.87|12,793,366,256.67|13.97%|18.77%|18.69%|0.05%
 Foreign|5,166,014,657.65|4,531,703,684.92|12.28%|7.40%|0.84%|5.71%
 Sub-sale model||||||
 Direct selling|20,037,625,297.52|17,325,069,941.59|13.54%|15.61%|13.43%|1.66%
In the event that the statistical caliber of the company's main business data is adjusted during the reporting period, the company's main business data in the latest year after adjustment based on the caliber at the end of the reporting period
Industries| Item| Unit|2022|2021| Increase/decrease y- o-y (+,-)
 Manufacture of household appliances| Sales volume|10 thousand pieces/set|2,775.34|2,291.75|21.10%
| Production|10 thousand pieces/set|2,789.28|2,255.60|23.66%
| Inventory|10 thousand pieces/set|109.08|95.14|14.65%
Reasons for y-o-y relevant data with over 30% changes□Applicable  √Not applicable
4. Performance of the material sales contract and major procurement contracts that signed by the Company up to the reporting period
5. Constitute of operation cost
Industry classification
Industries| Item|2022|2021| Increase/decr
|| Amount| Ratio in operation cost| Amount| Ratio in operation cost|ease y-o-y(+,-)
 Manufacture of household appliances| Raw material|15,777,586,805.86|91.07%|13,942,721,443.16|91.29%|13.16%
Note: Nil
6. Whether the changes in the scope of consolidation in Reporting Period
More details can be seen in the report “VII. Changes in the scope of the merger”and “VIII. Interests in other entities”of “Section X Financial Report”
7. Major changes or adjustment in business, product or service of the Company in Reporting Period
8. Major sales client and main suppliers
Total top five clients in sales (RMB)|11,790,336,957.70
 Proportion in total annual sales volume for top five clients|58.32%
 Proportion of the related parties’sales in total annual sales volume for top five clients|35.61%
No| Name| Sales (RMB)| Proportion in total annual sales
1| Client I|6,836,157,232.15|33.83%
2| Client II|3,857,275,864.05|19.08%
3| Client III|499,595,740.27|2.47%
4| Client IV|359,868,646.79|1.78%
5| Client V|237,439,474.44|1.17%
 Total|--|11,790,336,957.70|58.32%
Other notes of main clients
Total purchase amount from top five suppliers (RMB)|3,715,431,056.70|
 Proportion in total annual purchase amount for top five suppliers|21.18%|
 Proportion of related party’s purchase in total annual purchase amount for top five suppliers|10.92%|
No| Name| Sales (RMB)| Proportion in total annual purchase
1| Supplier I|1,309,767,526.31|7.47%
2| Supplier II|831,473,318.98|4.74%
3| Supplier III|616,571,560.92|3.51%
4| Supplier IV|489,272,611.14|2.79%
5| Supplier V|468,346,039.35|2.67%
 Total|--|3,715,431,056.70|21.18%
Other notes of main suppliers□Applicable  √Not applicable
(iii) Expenses
|2022|2021| Increase/dec rease y-o-y(+,-)| Note of major changes
 Sales expense|1,428,874,991.47|1,364,640,404.75|4.71%| No major changes.
 Administrati ve expense|358,586,472.37|333,588,775.37|7.49%| No major changes.
 Financial expense|-55,214,680.04|-58,402,782.80|5.46%| No major changes.
 R&D expense|560,383,547.49|465,891,096.09|20.28%| Due to the increase in R&D investment during the reporting period
(iv)Investment in R&D
Projects| Purpose| Progress| Goals to be achieved| Expected impact on the future development of the Company
"Super narrow door" refrigerator research and development| In the era of every inch of land values inch of gold,the consumers' pain point of "large-volume refrigerator demand limited by small space" is becoming more prominent.It’s designed to solve this consumption pain point and realize the user needs of refrigerators"narrow, thin and supercapacity" and "small sizewith large capacity".| Completed and the product is available| With the strong support of "full space integration technology", the large and narrow door series refrigerator600WUP9BT has a width of 833mm and a depth of 659mm, making it the narrowest and thinnest cross door refrigerator in the industry, achieving a capacity of 600L.|in the industry sets off a super narrow door phenomenon, and the phenomenal products continue to emerge, highlighting the innovation strength of the enterprise to the industry. By seizing the main trend logic of “meeting the consumption trend to meet user needs", empowering product upgrading with technological innovation, activating the existing market and exploring the incremental market, the "super narrow door" series of refrigerators will continue to play an important role in promoting the product structure and the Company’s efficiency in the future.
"Worry-free" refrigerator research and development| Solve the user's demand for thinner and larger built-in refrigerators under the trend of home integration| Completed and the product is available| Through the full space integration technology and innovative bottom heat dissipation forward in and forward out design, the single-side reservation is less than1cm close to 0 distance, and the back is 0 distance against the wall, a real define of the"zero flat embedding" true embedding standard| As the penetration rate of household integration and cabinet electricity integration gradually increases, from the perspective of market development trends and user needs, embedded refrigerators have become the main direction of product iterative upgrading. Under the premise of being user centered, we continue to innovate the size of the refrigerator box, and are committed to developing larger and thinner embedded refrigerators, allowing consumers to truly achieve the perfect integration of household appliances and home appliances.
 Research and development of drum drying tunnelwashing technology| Solve the problem of plush blocking of the pipeline of drum washing and drying products, and solve the pain points of users| Completed and the product is available| The drying tunnel has no plush blocking failure, and the user experience is improved| By solving consumer pain points, Meiling washing machine product competitiveness and consumer satisfaction are enhanced
27 inch mechanical stirring type pulsator| Meeting the differentiated needs of the Latin American market| Completed and the product is available| Meet the agitating performance standards for the region being sold| Enrich Meiling's overseas product lineup through differentiated large pulsators, thus improving product gross profit