Hangzhou Robam Appliances Co., Ltd.

Hangzhou Robam Appliances Co., Ltd. is a prominent manufacturer of kitchen appliances in China, established in 1979 and listed on the Shenzhen Stock Exchange in 2010. The company specializes in producing a wide range of kitchen products, including range hoods, gas hobs, sterilizer cabinets, ovens, steam ovens, microwaves, dishwashers, and water purifiers. Robam has built a strong reputation as one of the longest-established professional kitchen appliance brands in the country, focusing on advanced technology and high-quality products. Robam Appliances is recognized for its innovation in kitchen technology, particularly with its range hoods, which feature significant suction power tailored for Chinese cooking needs. The company holds over 100 patents related to its products and technology. With a robust distribution network that includes 83 agency companies and approximately 10,000 points of sale across China, Robam has achieved a leading market position in various categories, including range hoods and built-in kitchen appliances. The company emphasizes returns to investors and has consistently distributed cash dividends, reflecting its commitment to shareholder value.

As a leading company in kitchen appliances, growth of retail sales and retail volume of Robam’s main products both surpassed the average growth of the industry, which allowed further market share gains. Since listed 8 years ago, Robam has achieved a CAGR of 25.18% in operating revenue and a CAGR of 34.90% in net profit. Compared to 8 years ago, net profit of the Company has increased by more than 10 times. By the end of 2018, foreign legal persons’ shareholding of the Company has exceeded 13%. As one of the subjects of the Shenzhen Connect, Robam Appliances was included as one of the MSCI constituents. Since listed, the company has attached great importance to returns to investors with cash dividends distributed annually, accounting for around 30% of each year’s net profit. The accumulated dividend amount in the past eight years has reached 2.594 billion yuan, as 287.38% of fund raised by IPO. For many years, the Company has been graded as excellent in information disclosure by the Shenzhen Stock Exchange and continued to be included in the information disclosure list free of censoring in advance. The Company’s effort in maintaining growth, returns to shareholders, company governance and other aspects have gained recognition from the capital market. Robam Appliances was awarded honors including Most Respected Listed Companies, Best Secretary of Board of Directors, Best Board of Directors, Best New Media Operations by Investors. The Company’s board secretary has secured the title of New Fortune Top Board Secretary for 5 consecutive years, and was recognized by the Hall of Fame of Board Secretary in 2018.