TigerResearch/tigerbot-earning-plugin huggingface dataset:
With respect to export business, the Company, regardless of uncertain international situation, the Company will keep advancing the cooperation with SEB in links such as R&D, design and manufacturing, enlarge production scale, acquire scale cost-based competitive advantage and improve core competence of foreign trade in virtue of order transfer advantage of SEB.
With regard to industrial aspect, the Company will further conduct cost optimization and lean economy program, actively respond to adverse effect caused by price rise of raw materials, strengthen basic management over R&D, promote market's rapid response capacity of industrial system, and continuously improve cost competitiveness. Meanwhile, under the guidance of the national "carbon peaking and carbon neutrality goals " strategy, the Company continues to introduce the concepts of green operation in responsible supply, low-carbon logistics, green consumption and other aspects. With the goal of low-carbon action, the Company improves the utilization rate of resources, continuously reduces greenhouse gas and waste emissions, and promotes the sustainable development of the industry and enterprises. In 2022, the Company will add a number of carbon reduction plans, such as distributed photovoltaic power generation projects, green finance payment, etc.
With respect to talent training, the Company will strengthen talent echelon construction and improve long-term incentive mechanism continuously; improve management level of basic and medium management personnel, enhance subjective initiative of employees and build an active and efficient working atmosphere for employees.
2. Possible risks and countermeasures
(1) Risk from macroeconomic fluctuation
In 2022, Chinese macroeconomy was hit by unexpected factors such as international macroeconomy, etc., with the growth rate slowing down considerably. In addition, the overall industry scale of the cookware and small domestic appliances declined. However, with a series of policies and measures to boost domestic markets consumptions, the domestic appliance market demands is expected to pick up in 2023. Looking forward to 2023, the keynote of steady macroeconomic growth will remain unchanged. Faced with the possible macroeconomic fluctuation risks, Supor will continuously adhere to established strategies, actively develop new categories and new businesses, expand market segments and foster new growth points.
In terms of foreign trade, due to the impacts of geopolitical conflicts, high inflation and soaring energy prices, the prospect of global economic growth remains bleak. The Company and its foreign trade customers will make joint efforts to advance the R&D of new products, improve efficiency and reduce costs to cope with the weak international market.
(2) Risk from production element price change
In 2022, the prices of the main raw materials of cookware and small domestic appliances, such as aluminum, copper, stainless steel and plastics, dropped slightly, however, still at a high level. In order to cope with the risks caused by the fluctuation of production element price, Supor is actively improving the internal labor productivity and pushing to implement the lean projects to reduce the negative impacts caused by the rise in price of raw materials on the production costs. Besides the Company is actively boosting the automation of production line, improving the per capita labor output, and reduce the impact caused by rise in labor cost.
(3) Risk of intensifying market competitiveness
As the operating cost of enterprise rises, industry brand concentration will be further improved, and there is the risk of intensifying market competition in the field of cookware and small domestic appliances. In order to seize market share, high-end brand will continue to sink channel and regulate product and price strategy, and some high-end brand will enter shopping market channels to participate in high-end market competition, which will further intensify the competitiveness of industry.
The Company will keep on insisting in the strategy to take product innovation as the core, and keep on improving innovation ability to create more products with high additional value and gross margin. The Company will give full play to the competitive edge of multiple brands and multiple product categories of Supor, and continue to improve market shares and profitability of Supor.
(4) Product export and exchange loss caused by exchange rate fluctuation
Recent exchange rate fluctuations may adversely affect export.
The Company has adopted RMB settlement for main export customer SEB Groupe with low exchange rate risk.
XII. Investigation & Research, Communication and Interview Activities During the Reporting Period
Reception time| Reception place| Reception manner| Type of reception object| Reception object| Main content talked about and materials provided| Index for basic condition of investigation and survey
 April 1, 2022| Company| Conference call| Organization| Analysts and institutional investors| Performance and operating conditions in 2021| See the Management File for Investor Relations of Supor on April 6, 2022 disclosed by the Company in http://www.cninfo.com.cn on April6,2022 for details.
 April 1, 2022| Company| Conference call| Organization| Analysts and institutional investors| Performance and operating conditions in 2021| See the Management File for Investor Relations of Supor on April 6, 2022 disclosed by the Company in http://www.cninfo.com.cn on April6,2022 for details.
 April 20, 2022| Company| Others| Others| Investors of the Company| Annual performance presentation session| See the Supor Performance Presentation Session and Roadshow Activity Information on April20,2022 disclosed by the Company in http://www.cninfo.com.cn on April20,2022 for details.
 April 29, 2022| Company| Conference call| Organization| Analysts and institutional investors| Performance and operating conditions in Q1 of 2022| See the Management File for Investor Relations of Supor on May 5, 2022 disclosed by the Company in http://www.cninfo.com.cn on May5,2022 for details.
 April 29, 2022| Company| Conference call| Organization| Analysts and institutional investors| Performance and operating conditions in Q1 of 2022| See the Management File for Investor Relations of Supor on May 5, 2022 disclosed by the Company in http://www.cninfo.com.cn on May5,2022 for details.
 August 31, 2022| Company| Conference call| Organization| Analysts and institutional investors| Semiannual performance and operating conditions in 2022| See the Management File for Investor Relations of Supor on September 1, 2022 (1) disclosed by the Company in http://www.cninfo.com.cn on September 1, 2022 for details.
August 31, 2022| Company| Conference call| Organization| Analysts and institutional investors| Semiannual performance and operating conditions in 2022| See the Management File for Investor Relations of Supor on September 1, 2022 (2) disclosed by the Company in http://www.cninfo.com.cn on September 1, 2022 for details.
 September1,2022| Company| Conference call| Organization| Analysts and institutional investors| Semiannual performance and operating conditions in 2022| See the Management File for Investor Relations of Supor on September 2, 2022 (1) disclosed by the Company in http://www.cninfo.com.cn on September 2, 2022 for details.
 September1,2022| Company| Conference call| Organization| Analysts and institutional investors| Semiannual performance and operating conditions in 2022| See the Management File for Investor Relations of Supor on September 2, 2022 (2) disclosed by the Company in http://www.cninfo.com.cn on September 2, 2022 for details.
 September2,2022| Company| Conference call| Organization| Analysts and institutional investors| Semiannual performance and operating conditions in 2022| See the Management File for Investor Relations of Supor on September5,2022 disclosed by the Company in http://www.cninfo.com.cn on September 5, 2022 for details.
 October25,2022| Company| Conference call| Organization| Analysts and institutional investors| Performance and operating conditions in Q3 of 2022| See the Management File for Investor Relations of Supor on October 26, 2022 (1) disclosed by the Company in http://www.cninfo.com.cn on October26, 2022 for details.
 October25,2022| Company| Conference call| Organization| Analysts and institutional investors| Performance and operating conditions in Q3 of 2022| See the Management File for Investor Relations of Supor on October 26, 2022 (2) disclosed by the Company in http://www.cninfo.com.cn on October26, 2022 for details.
SECTION IV CORPORATION GOVERNANCE
I. Basic Situation
During the reporting period, the Company further standardized the operation of the Company and improved the governance by continuously building up and strengthening the corporate governance system, improving the internal control and management system, and deepening the governing process strictly in accordance with the Company Law, the Securities Law and the Rules on the Corporate Governance of Listed Companies, Rules Governing the Listing of Stocks on Shenzhen Stock Exchange and the Shenzhen Stock Exchange Regulatory Guidelines for Listed Companies No. 1-Standardized Operation of Listed Companies as well as other regulations of CSRC. By the end of the reporting period, the actual governance of the Company was basically in compliance with the relevant regulations of corporate governance of listed companies issued by the CSRC and Shenzhen Stock Exchange, and with the rules of established systems of the Company. No administrative regulation measures were taken by regulatory department upon the Company.
(I) Relating to Shareholders and the General Meeting of Shareholders
During the reporting period, the Company has convened and held the general meetings of shareholders strictly according to the Rules for the General Meetings of Shareholders of Listed Companies, Rules and Procedures for the Shareholders' Meeting, and other rules and requirements, and ensured the legality and validity of the convening. According to the Implementing Rules for the Online Voting at the Shareholders' Assembly of Listed Companies of Shenzhen Stock Exchange, the Company clearly defined the specific process of online voting and completely implemented online voting of general meeting of shareholders, in order to involve medium and small investors in the online voting more effectively, and guarantee the legitimate rights and interests of all shareholders, especially of the minority shareholders.
During the reporting period, three general meetings of shareholders were held. The convening and holding procedures, qualifications of attended persons, voting procedures, voting results and resolution contents of the meeting conformed to laws and regulations and Articles of Association.
(II) Relating to the Company and the Controlling Shareholder
During the reporting period, the Company was autonomous in business and operation, and kept independent of its controlling shareholder in terms of assets, business, personnel, organization and finance. The Board of Directors, the Board of Supervisors and other internal organizations operate independently. The Controlling Shareholder of the Company exercised its rights through the General Meeting of Shareholders, and did not directly or indirectly intervene with the Company's decision-making or operating activities. The related transaction between the Company and its Controlling Shareholder was fair and reasonable; the decision-making rules were in compliance with the relevant provisions; no fund occupation by the Controlling Shareholder existed.
(III) Relating to Directors and the Board of Directors
The Company elected directors strictly according to the procedures stipulated in the Company Law and the Articles of Association, and ensured the open, fair, equitable and independent appointment and election of directors, and the number and composition of the Board of Directors follow relevant laws and regulations. Now the Company has three independent directors, representing 1/3 of its directors. All directors have actively participated in the Company's operation and decision-making activities, performed their duties, attended the relevant training sessions organized by supervisory departments, pursuant to the Company Law, the Shenzhen Stock Exchange Regulatory Guidelines for Listed Companies No. 1-Standardized Operation of Listed Companies, the Articles of Association and the Rules and Procedures for Meetings of the Board of Directors. The Board of Directors consists of Strategy Committee, Audit Committee and Compensation Committee with independent directors fully exerting their specialties, which further improves the working efficiency and decision-making level of the Board of Directors and plays significant roles in the Company's normative operation.
During the reporting period, six board meetings were held. The convening and holding procedures, qualifications of attended persons, voting procedures, voting results and resolution contents of the meeting conformed to laws and regulations and Articles of Association.
(IV) Relating to Supervisors and the Board of Supervisors
The Company elected supervisors strictly according to the provisions under the Company Law and the Articles of Association. The number of supervisors and composition of the Board of Supervisors met the requirement of relevant laws and regulations. All supervisors have performed their duties as required by the Regulations of Procedure of the Board of Supervisors, effectively supervised the legality and regulatory compliance of important matters, related transactions, financial conditions, and duty fulfillment of directors and senior executives of the Company, and maintained the legitimate rights and interests of the Company and its shareholders.
During the reporting period, six meetings of Board of Supervisors were held. The convening and holding procedures, qualifications of attended persons, voting procedures, voting results and resolution contents of the meeting conformed to laws and regulations and Articles of Association.(V) Relating to Performance Appraisal and the Incentive and Restraining Mechanism
The Company established and constantly improved the performance appraisal system and the incentive restraining mechanism for supervisors, directors and senior executives. The appointment and remuneration for directors, supervisors and senior executives of the Company are open, clear and in line with relevant laws and regulations. During the reporting period, the Company completed the registration of restricted stock grants involved in the 2021 Restricted Stock Incentive Plan (Draft) and the 2022 Restricted Stock Incentive Plan (Draft), thus effectively offering incentives for senior executives.
(VI) Relating to Information Disclosure and Transparency
The Securities Department of the Company is responsible for information disclosure and investor's relationship management. Abiding by requirements of the CSRC and Shenzhen Stock Exchange and provisions on compilation of periodic reports in good faith, the department, in association with the Financial Department of the Company, has timely and accurately compiled and submitted the 2021 Annual Report, 2022 First Quarterly Report, 2022 Semiannual Report and 2022 Third Quarterly Report, based on the strict compliance with the non-disclosure rules before the disclosure of the reports.
In accordance with the Rules Governing the Listing of Stocks on Shenzhen Stock Exchange, the Securities Department of the Company disclosed, after review and adoption by the Board of Directors or the General Meeting of Shareholders, the routine information (board meetings and meetings of Board of Supervisors), fatal information (external investments, related transactions), and significant events truly, accurately, completely, timely and fairly. During the reporting period, the Company issued 131 announcements and documents and fulfilled the filing management of information disclosure documents and compliance with the non-disclosure rules before the disclosure of the reports. In particular, the Company prepared process memorandums of important matter and management files of insider personnel before planned and implemented important matters, which made the information disclosure timely, true, accurate, complete and fair. There was no irregular or untimely information disclosure, and the Company has not been penalized by regulatory authorities. Meanwhile, in accordance with the requirements of the Investor Relations Management System, the Company standardized the investor reception procedures. Besides, after the regular report disclosure, the Company actively held online performance briefings and investor telephone exchange meetings to fully communicate with investors. And the Record Sheet of Investor Relations Activities was released in time after the activities to ensure that all investors have fair access to company information. In daily work, the Company also actively received consultations by arranging personnel to answer investors' hotlines and responding to investors' questions on the interactive platform, so as to ensure that all shareholders of the Company, small and medium-sized investors in particular, can gain the company information equally.
The Company won the thirteenth Tianma Award of "Best Investor Relations Award for Listed Companies in China" and the sixteenth China Listed Companies Value Selection of "Top 100 Listed Companies on Main Board in China".
Is there any major variation between the actual situation of the Company's corporate governance, and laws, administrative regulations, and stipulations issued by the CSRC concerning the governance of listed companies?
There is no major variation between the actual situation of the Company's corporate governance, and laws, administrative regulations, and stipulations issued by the CSRC concerning the governance of listed companies.
II. Independence of the Company Relative to the Controlling Shareholders and the Actual Controllers in Ensuring the Company's Assets, Personnel, Finance, Organization, Business, etc.
(I) Independent and complete assets structure
The Company had its production and business operation place independent from that of the controlling shareholder, and had independent and complete assets structure, independent production system, auxiliary production system and supporting facilities, land use right, housing ownership, as well as independent purchasing and selling systems.
(II) Independence of personnel
In terms of personnel, labor, personnel and remuneration management, the Company was completely independent. Such senior executives as the General Manager, Vice General Manager, Board Secretary of Directors and Chief Financial Officer did not hold any position concurrently in controlling shareholder or other subsidiaries excepting director and supervisors, nor receive any remuneration from the controlling shareholder or other subsidiaries.
(III) Independence of finance
The Company has an independent financial department, has established independent accounting system and financial management system, and makes financial decisions independently. It has opened independent bank accounts and pays taxes independently.
(IV) Independence of organizations
The Company has set up the organization independent from the controlling shareholder completely, and there exists no mixed operation or management. It adopts a BU management system, and has departments directly under the Head Office and three BUs (cookware, small domestic appliances and large kitchen appliances) and high-end business modules. Neither controlling shareholder nor any other company or individual has intervened with the organization structuring of the Company. No "superior and subordinate relationship" exists between the controlling shareholder and its functional departments on the one hand, and the Company and its functional departments on the other hand.
(V) Independence of business operation from shareholders or other related parties
The Company is mainly engaged in designing, producing and selling cookware, small domestic appliances, large kitchen appliances and H&PC products, which are not produced by the controlling shareholder or any of its subsidiaries for the Chinese market. The Company has an independent "procurement, production and sales" system. It operates business independently from shareholders or any other related party.
IV. General Meetings of Shareholders and Interim General Meeting of Shareholders Held during the Reporting Period
Session| Meeting type| Proportion of participated investors| Convening date| Date of disclosure| Meeting resolution
 Annual General Meeting of Shareholders for2021 Fiscal Year| Annual General Meeting of Shareholders|8.19%| April 25, 2022| April 26, 2022| See Announcement on Resolutions of the Annual General Meeting of Shareholders for 2021 Fiscal Year(2022-025) disclosed on http://www.cninfo.com.cn for details
 First Interim General Meeting of Shareholders in2022| Interim General Meeting of Shareholders|7.47%| September 21, 2022| September 22, 2022| See Announcement on Resolution of the First Interim General Meeting of Shareholders 2022(2022-055) disclosed on http://www.cninfo.com.cn for details
 Second Interim General Meeting of Shareholders in2022| Interim General Meeting of Shareholders|7.66%| November 10, 2022| November 11, 2022| See Announcement on Resolutions of the Second Interim General Meeting of Shareholders 2022(2022-068) disclosed on http://www.cninfo.com.cn for details
2. Interim General Meeting of Shareholders held at the request of preferred shareholders with restored voting right
V. Directors, supervisors and senior executives
Name| Position| Position status| Gender| Age| Commencement date of term of office| Expiry date of term of office| Number of shares held at the beginning of the period| Quantity of increased shares in this period| Quantity of decreased shares in this period| Quantity of other shares increased or reduced| Number of shares held at the end of the period| Reasons for the increase or decrease of shares
 Thierry de LA TOUR D'ARTAISE| Chairman| On- service| Male|68| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Su Xianze| Director| On- service| Male|55| May 20, 2020| May 19,2023|486,136|0|121,534|0|364,602| Legal shareholding reduction of25% of the annual shareholding quantity
 Stanislas de GRAMONT| Director| On- service| Male|58| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Nathalie LOMON| Director| On- service| Female|52| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Delphine SEGURA VAYLET| Director| On- service| Female|53| April 22, 2021| May 19,2023|0|0|0|0|0| None
 Tai Wai Chung| Director| On- service| Male|63| May 20, 2020| May 19,2023|0|0|0|0|0| None
Chen Jun| Independent director| On- service| Male|46| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Hervé MACHENAUD| Independent director| On- service| Male|76| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Jean-Michel PIVETEAU| Independent director| On- service| Male|76| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Philippe SUMEIRE| Chairman of Board of Supervisors| On- service| Male|63| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Zhang Junfa| Supervisor| On- service| Male|46| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Lu Lanhua| Supervisor| On- service| Female|45| May 20, 2020| May 19,2023|0|0|0|0|0| None
 Cheung Kwok Wah| General Manager| On- service| Male|58| March 31, 2021| May 19,2023|0|0|0|142,000|142,000| Other increased or decreased changes are granted restricted stocks.
Xu Bo| Chief Financial Officer| On- service| Male|55| May 20, 2020| May 19,2023|173,737|0|43,434|45,000|175,303| Reducing shareholding is the legal shareholding reduction of25% of the annual shareholding
||||||||||||quantity; Other increased or decreased changes are granted restricted stocks.
 Ye Jide| Vice General Manager, Board Secretary| On- service| Male|47| May 20, 2020| May 19,2023|52,191|0|13,048|20,000|59,143| Reducing shareholding is the legal shareholding reduction of25% of the annual shareholding quantity; Other increased or decreased changes are granted restricted stocks.
 Total|--|--|--|--|--|--|712,064|0|178,016|207,000|741,048|--