Financial Performance - The company reported a basic earnings per share of RMB 0.54 for 2022, an increase of 25.58% compared to RMB 0.43 in 2021[25]. - The diluted earnings per share also stood at RMB 0.54, reflecting the same percentage increase of 25.58% year-over-year[25]. - The net profit attributable to shareholders for the fourth quarter was RMB 12,967,525.03, a significant decrease compared to the previous quarters[26]. - The company achieved a weighted average return on equity of 8.20%, up by 1.01 percentage points from 7.19% in 2021[25]. - The net profit attributable to shareholders was approximately ¥194 million, up 21.46% year-on-year[46]. - The net profit after deducting non-recurring gains and losses was approximately ¥165 million, a significant increase of 66.10% compared to the previous year[46]. - The total comprehensive income for the period was approximately 93,071,924.34, with a net profit of 48,222,535.25[185]. - The net profit attributable to the parent company in 2022 was ¥194,348,828.93, an increase of ¥34,333,844.02 or 21.46% from ¥160,014,984.91 in the previous year, driven by increased sales volume and exchange gains from RMB depreciation[69]. Revenue and Sales - The revenue for the first quarter was RMB 266,311,012.18, while the second quarter saw an increase to RMB 302,305,078.28[26]. - The net profit attributable to shareholders for the second quarter was RMB 98,565,270.00, showing strong performance during that period[26]. - The company achieved a notable increase in sales revenue, attributed to effective management strategies and a focus on cost control, despite external pressures from energy prices and tariffs[33]. - The company has developed a diverse product range, including concentrated apple juice, pear juice, and other fruit juices, catering to major beverage manufacturers and traders in countries like China, the US, Russia, Japan, and South Africa[33]. - The company maintained a leading position in the concentrated juice industry, with consistent profit margins and total profits over the years, despite facing challenges from rising logistics and raw material costs[33]. Dividends and Share Repurchase - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, based on a total of 357,700,000 shares[6]. - The company repurchased 5,600,000 shares, accounting for approximately 5.8% of the total share capital[160]. - The repurchase plan was disclosed on March 31, 2021, and is valid for 12 months following the approval from the shareholders' meetings[160]. Operational Challenges - The company faced risks related to raw material supply shortages and reliance on single product lines, as detailed in the management discussion section[6]. - The company’s total revenue for 2022 is expected to be impacted by currency exchange risks and other operational challenges[6]. - The export volume of concentrated apple juice from China was approximately 399,139 tons in 2022, a decrease of 5% compared to 419,100 tons in 2021, indicating challenges in the international market[31]. Management and Efficiency - The company has established a comprehensive management system, enhancing efficiency and product quality while controlling costs, which strengthens its core competitiveness[34]. - The company has established eight concentrated juice processing bases and has a production capacity that ranks among the top in the industry[58]. - The company aims to strengthen its R&D capabilities and has established partnerships with renowned universities to foster innovation[68]. Financial Position and Assets - The company's operating revenue reached approximately ¥1.065 billion, representing a 22.24% increase compared to the previous year[46]. - The net cash flow from operating activities was approximately ¥240 million, reflecting a 24.08% increase year-on-year[46]. - The total assets of the company amounted to approximately ¥2.610 billion, a 5.91% increase from the previous year[46]. - The net assets attributable to shareholders were approximately ¥2.369 billion, showing a 6.46% increase compared to the end of the previous year[46]. Accounting and Compliance - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial position, operating results, and cash flows[93]. - The company evaluates its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[92]. - The company assesses the useful life of intangible assets at acquisition, categorizing them as either finite or indefinite[91]. - The company recognizes revenue when control of the product transfers to the customer, typically upon delivery[197]. Credit Risk and Impairment - The company assesses expected credit losses based on historical data, current conditions, and future economic forecasts, categorizing financial instruments into different groups based on common credit risk characteristics[112]. - The company recognizes impairment losses or gains in the current profit and loss statement based on changes in expected credit losses[112]. - The company conducts annual impairment tests for goodwill and indefinite-lived intangible assets, regardless of whether impairment indicators exist[189].

6 烟台北方安德利果汁股份有限公司 前景與展望 在研究與開發方面 ，二零二三年 ，本集團將承擔山東省重點研發計劃（重大科技創新工程）北方代表性水果精深加 工關鍵技術研發與應用的研究；繼續開發果蔬汁飲料、系列風味突出的差異化終端產品；和進行果汁加工工藝的 優化。 致謝 * 僅供識別 主要經營情況 截至二零二二年十二月三十一日止年度，本集團營業收入為人民幣1,065,429,309元，比去年同期人民幣 871,587,320元上升了約22.24%；本年度隨著國際主要港口擁堵情況得到緩解，海運船隻和集裝箱周轉得到改 善，各航線運價逐漸下跌，尤其是北美市場相比去年呈現恢復性增長，致使公司的銷售數量實現了小幅增長，銷 售價格也隨之穩步上升，銷售收入實現了較大的增長。 1. 利潤表及現金流量表相關科目變動分析表 | --- | --- | |---------------------------------------------------|-----------------------------------------------------------------------------| | | | | 營業收 ...

2022 年第三季度报告 单位：元 币种：人民币 1 / 8 证券代码：605198 证券简称：安德利 烟台北方安德利果汁股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期比 年初至报告 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|---------------------------|----------------|---------------------------- ...

Revenue and Profit - Revenue for Q3 2022 reached RMB 241,903,252.47, an increase of 21.36% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was RMB 50,456,463.72, reflecting a growth of 10.16% year-on-year[4] - Net profit excluding non-recurring gains and losses for Q3 2022 was RMB 58,262,217.35, up 104.61% from the previous year[4] - Total revenue for the first three quarters of 2022 reached RMB 810.52 million, a 31.2% increase from RMB 617.70 million in the same period of 2021[13] - The net profit for the first three quarters of 2022 reached CNY 181,381,303.90, a significant increase of 85.7% compared to CNY 97,640,017.81 in the same period of 2021[14] - Operating profit for the first three quarters of 2022 was CNY 181,620,209.23, up from CNY 97,508,222.63 in 2021, reflecting a growth of 86.1%[14] Earnings Per Share - Basic earnings per share for Q3 2022 were RMB 0.141, an increase of 12.8% compared to the same period last year[4] - Diluted earnings per share for Q3 2022 were also RMB 0.141, reflecting a 12.8% increase year-on-year[4] - Earnings per share (EPS) for the first three quarters of 2022 was CNY 0.504, an increase from CNY 0.265 in 2021, reflecting a growth of 89.4%[14] Assets and Equity - Total assets as of September 30, 2022, amounted to RMB 2,586,160,539.37, a 4.95% increase from the end of 2021[5] - Shareholders' equity attributable to the parent company was RMB 2,356,442,291.93, representing a growth of 5.88% year-on-year[5] - The total equity attributable to shareholders as of September 30, 2022, was RMB 2.36 billion, an increase from RMB 2.23 billion at the end of 2021[12] Cash Flow - The company reported a net cash flow from operating activities of RMB 492,531,428.62 for the year-to-date period, up 29.88% from the previous year[4] - Cash flow from operating activities for the first three quarters of 2022 amounted to CNY 492,531,428.62, compared to CNY 379,224,801.08 in 2021, indicating an increase of 30.0%[15] - Cash flow from financing activities showed a net outflow of -CNY 71,606,376.18 in 2022, compared to a net inflow of CNY 10,949,893.79 in 2021[16] Costs and Expenses - Total operating costs for the first three quarters of 2022 were RMB 607.46 million, up 13.4% from RMB 535.50 million in the previous year[13] - Research and development expenses increased to RMB 7.47 million in the first three quarters of 2022, compared to RMB 5.14 million in the same period of 2021, reflecting a 45.4% increase[13] - The company's net profit for the first three quarters of 2022 was impacted by a financial expense of RMB -49.98 million, compared to a financial income of RMB 0.58 million in the same period of 2021[13] Investments - The company reported a significant investment income of RMB 44.79 million for the first three quarters of 2022, compared to RMB 14.42 million in the same period of 2021, marking a 210.5% increase[13] - Total cash inflow from investment activities in the first three quarters of 2022 was CNY 3,273,635,531.83, a substantial rise from CNY 898,710,806.57 in 2021, representing a growth of 264.5%[15] - The net cash flow from investment activities for the first three quarters of 2022 was -CNY 496,089,756.91, worsening from -CNY 151,804,734.94 in 2021[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 3,953[8] - The company received CNY 60,799,941.55 in tax refunds during the first three quarters of 2022, compared to CNY 39,098,309.92 in 2021, marking a rise of 55.5%[15] Inventory and Borrowings - Cash and cash equivalents decreased to RMB 327.87 million as of September 30, 2022, from RMB 380.36 million at the end of 2021, representing a decline of 13.8%[11] - Inventory levels dropped significantly to RMB 349.63 million as of September 30, 2022, down from RMB 635.54 million at the end of 2021, indicating a reduction of 45.0%[11] - Short-term borrowings decreased to RMB 90.00 million as of September 30, 2022, from RMB 100.06 million at the end of 2021, a reduction of 10.6%[12]

Financial Position - As of June 30, 2022, total assets amounted to RMB 2,545,930,772.28, an increase of 3.3% from RMB 2,464,111,598.87 as of December 31, 2021[7][8] - Total liabilities as of June 30, 2022, were RMB 239,944,944.07, a slight increase from RMB 238,542,901.32 at the end of 2021[8] - Shareholders' equity increased to RMB 2,305,985,828.21, up 3.6% from RMB 2,225,568,697.55 as of December 31, 2021[8] - The total equity of the parent company as of June 30, 2022, is RMB 1,083,223,832.73, a decrease of RMB 38,592,561.43 compared to the previous year[22] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 518,987,708.58, up 36.5% from RMB 380,359,588.27 in the previous year[7] - Cash flow from operating activities for the first half of 2022 was RMB 432.60 million, an increase from RMB 370.47 million in the first half of 2021[14] - The company experienced a significant increase in cash inflow from investment activities, totaling RMB 1.64 billion in the first half of 2022, compared to RMB 226.73 million in the same period of 2021[14] - Cash and cash equivalents at the end of the first half of 2022 totaled RMB 508,987,708.58, compared to RMB 350,250,578.98 at the end of the first half of 2021, reflecting a 45.3% increase[15] - The company reported a net cash outflow from financing activities of RMB (44,888,070.63) in the first half of 2022, compared to RMB (26,224,611.38) in the same period of 2021[15] Revenue and Profitability - The company's operating revenue for the first half of 2022 reached RMB 568.62 million, a 36% increase compared to RMB 418.37 million in the same period of 2021[12] - Net profit for the first half of 2022 was RMB 130.92 million, significantly up from RMB 51.84 million in the first half of 2021, representing a growth of 152%[12] - The company reported a basic earnings per share of RMB 0.36 for the first half of 2022, compared to RMB 0.14 in the same period of 2021, indicating a 157% increase[12] - The total profit for the first half of 2022 was RMB 130.95 million, up from RMB 51.71 million in the first half of 2021, marking a growth of 153%[12] Inventory Management - Inventory decreased significantly to RMB 310,837,303.95, down 51.1% from RMB 635,542,840.40 in the previous year[7] - The total inventory at the end of the period was 312,290,965.34, compared to 637,181,330.48 at the beginning, reflecting a significant decrease[191] - The inventory impairment provision at the end of the period was 1,453,661.39, down from 1,638,490.08, showing a reduction of approximately 11.3%[192] Investment Activities - The company’s investment activities resulted in a net cash outflow of RMB 268.43 million in the first half of 2022, compared to a net outflow of RMB 180.11 million in the same period of 2021[14] - Cash inflow from investment activities reached RMB 1,856,112,700.28, significantly up from RMB 230,515,472.24 in the first half of 2021[16] Accounting Policies and Practices - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[31] - The company uses RMB as its accounting currency for domestic subsidiaries, while foreign subsidiaries use the local currency of their operating environment[34] - The accounting basis used is the accrual basis, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[30] Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, such as short-term salaries and post-employment benefits[134] - Short-term compensation is recognized as a liability and expensed in the period the services are provided[135] - Post-employment benefits are classified as defined contribution plans, with liabilities recognized based on contributions to social insurance[136] Financial Instruments and Risk Management - Financial instruments are recognized when the company becomes a party to the financial instrument contract, with amortized cost calculated using the effective interest method[57] - The company assesses the extent of risks and rewards retained when transferring financial assets, determining whether to derecognize the asset based on the transfer conditions[71] - The company applies expected credit loss accounting for financial assets measured at amortized cost and those measured at fair value through other comprehensive income, recognizing loss provisions accordingly[75] Taxation - The corporate income tax rate applicable to the company is between 15% and 25%[167] - The company's income tax rate for domestic subsidiaries is 25%, while certain subsidiaries enjoy a reduced rate of 15% from 2021 to 2030[169] Fixed Assets and Depreciation - Fixed assets are recognized when it is probable that economic benefits will flow to the company and the cost can be reliably measured[111] - The company utilizes the straight-line method for depreciation of fixed assets, with a depreciation rate of 10% for buildings and structures, and 4.5% to 3% for machinery and equipment[117] - The total fixed assets at the end of the period amounted to 1,498,893,777.95, with an increase of 17,859,211.80 during the current period[195] Subsidiaries and Consolidation - The company has 11 subsidiaries included in the consolidated financial statements, all of which are wholly owned except for one holding subsidiary with an 85% voting rights[27] - The consolidated financial statements include all subsidiaries controlled by the company, reflecting the entire group as a single accounting entity[41]

Financial Performance - The company's operating revenue for the first half of the year reached ¥568,616,090.46, a year-on-year increase of 35.91% compared to ¥418,371,887.26[23]. - Net profit attributable to shareholders was ¥130,924,840.18, representing a significant increase of 152.57% from ¥51,837,891.19 in the same period last year[23]. - The net profit after deducting non-recurring gains and losses was ¥132,039,486.20, up 130.58% from ¥57,265,209.40 year-on-year[23]. - Basic earnings per share increased to ¥0.360, a rise of 157.14% compared to ¥0.140 in the previous year[23]. - The weighted average return on net assets rose to 5.78%, an increase of 3.34 percentage points from 2.44% in the same period last year[23]. - The gross profit for the first half of 2022 was ¥145,322,056.83, with a gross margin of 25.56%, significantly up from ¥78,568,292.73 and a gross margin of 18.78% in the previous year[47]. - The company reported a significant increase in investment income, reaching ¥35,165,561.83, which is a 262.03% increase compared to ¥9,713,436.84 in the previous year[48]. - Total operating revenue for the first half of 2022 reached ¥568,616,090.46, an increase of 36% compared to ¥418,371,887.26 in the first half of 2021[143]. - Total operating costs amounted to ¥423,817,175.70, up from ¥364,647,336.57, reflecting a 16% increase year-over-year[143]. - The company reported a total cash outflow from investment activities of RMB 1,932,481,092.86, compared to RMB 361,102,474.46 in the previous year[160]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,545,930,772.28, a 3.32% increase from ¥2,464,111,598.87 at the end of the previous year[23]. - The total liabilities amounted to ¥239,944,944.07, slightly up from ¥238,542,901.32, indicating a marginal increase of about 0.6%[135]. - The company's total liabilities included a notable increase in tax payable, which rose by 387.55% to ¥25,175,329.54[53]. - The total current assets amounted to RMB 1,748,330,820.41, up from RMB 1,678,509,444.42, indicating an increase of about 4.2%[130]. - The total assets of the company reached ¥2,024,559,774.63, up from ¥1,733,333,543.78, reflecting a growth of 16.8%[142]. - The total equity attributable to shareholders reached ¥2,305,985,828.21, compared to ¥2,225,568,697.55, indicating an increase of about 3.6%[135]. Cash Flow - The company's cash flow from operating activities was ¥432,598,051.06, reflecting a 16.77% increase from ¥370,474,383.16 year-on-year[23]. - The net cash flow from operating activities increased to ¥432,598,051.06, up 16.77% compared to the previous period[51]. - The net cash flow from investing activities decreased to -¥268,429,118.68, a 49.03% increase in outflow compared to the previous period[51]. - The net cash flow from financing activities decreased to -¥44,888,070.63, representing a 71.17% increase in outflow compared to the previous period[51]. - The company's cash and cash equivalents increased by 36.45% to ¥518,987,708.58, accounting for 20.38% of total assets[53]. - Cash inflow from operating activities totaled RMB 441,632,667.75, an increase of 39.6% compared to RMB 316,429,267.22 in the same period last year[157]. Risks and Challenges - Major risks include supply shortages of key raw materials, uncertainties from the global COVID-19 pandemic, reliance on a single product, rising logistics costs, and exchange rate risks[8]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and has implemented emergency measures, including logistics adjustments and daily tracking of customer payment statuses[63]. - The company faces risks related to rising logistics costs due to complex international trade environments and the ongoing pandemic, which may affect shipping efficiency and costs[65]. - The company is exposed to exchange rate risks as its domestic operations are settled in RMB while export transactions are primarily in USD, prompting the finance department to monitor foreign currency transactions closely[66]. Environmental and Social Responsibility - Three subsidiaries of the company were listed as key pollutant discharge units by local environmental protection departments in 2022[75]. - The main pollutants from the subsidiaries include wastewater and boiler exhaust, with specific monitoring indicators such as COD, total nitrogen, and total phosphorus[79]. - The company has established wastewater treatment stations for its subsidiaries, with the first one built in 2004 and passing environmental acceptance in 2008[83]. - The company has made significant investments in environmental protection facilities, with the latest approvals for projects received as recently as 2022[84]. - The company reported no instances of exceeding pollution discharge limits or receiving administrative penalties during the reporting period[92]. - The company is committed to enhancing the utilization rates of energy, water resources, and materials, adhering to environmental regulations to minimize the use of natural resources[92]. Corporate Governance - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the semi-annual report[4]. - The company has undergone changes in its board and management, with new independent directors and supervisors elected during the annual general meeting[71]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts overdue or unfulfilled court judgments[103]. - The company has not disclosed any significant litigation or arbitration matters during the reporting period[103]. Research and Development - The company has developed a diverse range of concentrated juices, including concentrated lemon juice, peach juice, and strawberry juice, expanding its product offerings[34]. - The company invested over ¥40 million in 2003 to establish a state-of-the-art R&D center, which has been recognized as a national apple processing technology R&D sub-center[39]. - The company increased its R&D expenses significantly, reflecting a commitment to innovation and product development[51]. - Research and development expenses for the first half of 2022 were ¥2,122,726.56, an increase from ¥1,486,610.18, indicating a 43% rise[143]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 7,020, including 6,998 A-share shareholders and 22 H-share registered shareholders[117]. - The top ten shareholders hold a total of 24.49% (87,605,969 shares) of the company's stock, with Donghua Fruit Industry Co., Ltd. holding 18.39% (65,779,459 shares) and Shandong Andeli Group Co., Ltd. holding 15.28% (54,658,540 shares)[119]. - The company has repurchased 9.6 million H shares, which is 9.921% of the total H share capital authorized by the shareholders' meeting[115]. - The proportion of limited sale shares increased from 55.54% to 57.03% after the share repurchase[114].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：605198 证券简称：德利股份 烟台北方安德利果汁股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期比上年同 | --- | --- | --- | |----------------------------------------------|----------------|---------------------------| | 项目 | 本报告期 | 期增减变动幅度 (%) | | 营业收入 | 266,311,012.18 | 76.39 | ...

Financial Performance - For Q1 2022, the company reported a revenue of RMB 266,311,012.18, representing a year-on-year increase of 76.39%[5] - The net profit attributable to shareholders reached RMB 32,359,570.18, marking a significant increase of 163.99% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 47,389,755.77, up by 85.23% year-on-year[5] - Basic and diluted earnings per share were both RMB 0.09, reflecting a 200.00% increase from the previous year[5] - Gross profit for Q1 2022 was RMB 47,389,755.78, representing a gross margin of approximately 17.8%[13] - Net profit for Q1 2022 was RMB 32,359,570.18, compared to RMB 12,257,777.51 in Q1 2021, marking a year-over-year increase of 163.5%[14] - Basic earnings per share for Q1 2022 were RMB 0.09, up from RMB 0.03 in Q1 2021, representing a 200% increase[14] Assets and Liabilities - The company's total assets as of December 31, 2021, were RMB 2,464,111,598.87, showing a decrease of 2.13% from the end of the previous year[5] - Total assets as of March 31, 2022, amounted to RMB 2,411,546,864.63, down from RMB 2,464,111,598.87 as of December 31, 2021[12] - Current assets decreased to RMB 1,633,616,254.99 from RMB 1,678,509,444.42, reflecting a decline of 2.7%[11] - Inventory levels decreased to RMB 478,042,496.38 from RMB 635,542,840.40, a reduction of 24.8%[11] - Total liabilities decreased to RMB 186,241,306.42 from RMB 238,542,901.32, indicating a decline of 21.9%[12] Cash Flow - The net cash flow from operating activities was RMB 125,773,310.04, which decreased by 21.12% year-on-year[5] - In Q1 2022, the company's operating cash inflow was CNY 248,732,258.08, an increase of 14.5% compared to CNY 217,244,577.62 in Q1 2021[15] - The net cash flow from operating activities decreased to CNY 125,773,310.04 in Q1 2022, down 21.1% from CNY 159,453,569.52 in Q1 2021[15] - The company reported a cash and cash equivalents balance of RMB 171,953,914.93 at the end of Q1 2022, down from RMB 203,948,043.86 at the end of Q1 2021[23] - The total cash outflows for operating activities were RMB 87,724,052.42 in Q1 2022, slightly up from RMB 85,199,112.52 in Q1 2021[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,749, with the top ten shareholders holding significant stakes[8] - Major shareholders include Hong Kong Central Clearing Limited with a 24.51% stake and Donghua Fruit Industry Co., Ltd. with an 18.39% stake[8] Research and Development - Research and development expenses for Q1 2022 were RMB 880,644.68, compared to RMB 671,538.13 in Q1 2021, reflecting a year-over-year increase of 31.1%[13] Tax and Government Subsidies - The company received government subsidies amounting to RMB 742,612.02 during the reporting period[6] - The company received RMB 13,082,184.28 in tax refunds in Q1 2022, more than doubling from RMB 5,095,243.12 in Q1 2021[22] Investment Activities - The company reported an investment cash outflow of CNY 220,043,138.83 in Q1 2022, compared to CNY 215,176,791.55 in Q1 2021[16] - Cash inflows from investment activities totaled RMB 129,601,865.38 in Q1 2022, down 38.7% from RMB 211,380,153.55 in Q1 2021[23] - The net cash flow from investment activities in Q1 2022 was negative at RMB -143,978,877.45, contrasting with a positive RMB 21,225,477.45 in Q1 2021[23]

Financial Performance - The company's operating revenue for the year ended December 31, 2021, was RMB 871,587,000, an increase from RMB 842,020,000 in 2020, representing a growth of approximately 3.5%[5] - The net profit attributable to the company's owners for 2021 was RMB 160,015,000, compared to RMB 151,778,000 in 2020, reflecting an increase of about 5.5%[5] - The basic earnings per share for 2021 was RMB 0.43, up from RMB 0.41 in 2020, indicating a growth of approximately 4.9%[5] - The gross profit margin for the year was 20.61%, down from 23.87% in the previous year[10] - The net profit attributable to shareholders was approximately RMB 160,014,985, an increase of about RMB 8,236,713 or 5.43% compared to RMB 151,778,272 in the previous year[10] - The company's revenue for the year ended December 31, 2021, was approximately RMB 871,587,320, representing an increase of about 3.51% compared to RMB 842,019,695 in the previous year[18] - Gross profit for the same period was approximately RMB 179,672,752, with a gross margin of 20.61%, down from a gross profit of RMB 201,024,167 and a margin of 23.87% in the previous year[18] - Main business revenue was approximately RMB 861,917,168, with a year-on-year growth of about 3.15%, while main business costs were approximately RMB 687,127,067, reflecting a year-on-year increase of about 7.58%[23] Assets and Liabilities - Total assets as of December 31, 2021, amounted to RMB 2,464,112,000, an increase from RMB 2,224,360,000 in 2020, representing a growth of around 10.8%[7] - The total liabilities for the year 2021 were RMB 238,543,000, significantly higher than RMB 116,568,000 in 2020, indicating a substantial increase of approximately 104.5%[7] - The total equity attributable to the company's owners was RMB 2,225,569,000 as of December 31, 2021, up from RMB 2,107,792,000 in 2020, representing an increase of approximately 5.6%[7] - The company's cash and cash equivalents amounted to approximately RMB 380,359,588, with a debt-to-asset ratio of about 9.68%[57] - The total amount of bank loans outstanding as of December 31, 2021, was RMB 100,058,819, all of which were short-term loans with fixed annual interest rates ranging from 3.80% to 3.85%[56] Research and Development - The company increased its R&D expenses by 57.21% to RMB 12,430,586, indicating a commitment to innovation and product development[20] - The company employed 42 R&D personnel, representing 5.65% of the total workforce[30] - The company is undertaking key technology research for the efficient processing of concentrated strawberry juice and optimizing juice processing techniques in 2022[15] - The company is committed to research and development of new products and technologies to stay competitive in the market[60] Market Strategy and Expansion - The company plans to continue expanding its market presence and investing in new product development to drive future growth[9] - The company aims to increase its market share domestically while maintaining its leadership position in exports, leveraging its advantages in capital and management[13] - The company plans to continue expanding its market presence and enhance production capacity, focusing on the development and sales of apple fructose, pear fructose, and apple cloudy juice products[14] - The company aims to expand its market presence and product diversification, targeting emerging markets while maintaining existing customer relationships[39] Corporate Governance - The company has implemented high-level corporate governance practices in compliance with the Shanghai and Hong Kong listing rules[69] - The board of directors is responsible for developing and reviewing the company's corporate governance policies and practices[71] - The company has established four committees: Audit Committee, Nomination Committee, Remuneration and Assessment Committee, and Strategic Committee, each with defined responsibilities[79] - The company has adopted a board diversity policy to enhance performance through diverse skills and experiences[103] Risk Management - The company monitors foreign currency transactions to mitigate exchange rate risks, particularly as its export business is primarily settled in USD[50] - The internal control system is regularly reviewed by the board and the audit committee to ensure its effectiveness in managing risks and safeguarding assets[85] - The risk management strategy includes identifying, assessing, and managing significant risks across different business units, with the audit committee overseeing this process[94] Dividend and Shareholder Information - The board proposed a dividend of RMB 0.5 per ten shares for the year 2021[16] - The company is committed to distributing at least 10% of its distributable profits as cash dividends in profitable years[107] - The company has confirmed that the withholding tax rate for dividends paid to overseas shareholders is generally 10%[124] Employee Information - The average number of employees decreased to 913 in the fiscal year ending December 31, 2021, down from 992 in 2020, with employee costs amounting to approximately RMB 65,849,059[140] Related Party Transactions - The company has established a procurement framework agreement with Andeli Pectin to regulate product procurement from January 1, 2019, to December 31, 2022[168] - The company has implemented sufficient internal control procedures to ensure that related transactions are conducted fairly and in the best interest of the company and its shareholders[165] Financial Audit - The audit opinion states that the financial statements fairly reflect the financial position and operating results of the company for the year ended December 31, 2021[186] - Key audit matters identified include accounts receivable impairment, revenue recognition, and inventory confirmation[188] - The audit committee held five meetings during the reporting period, with all members present[181]

Financial Performance - The company's operating revenue for 2021 was RMB 871,587,320.36, representing a 3.51% increase compared to RMB 842,019,695.12 in 2020[19]. - The net profit attributable to shareholders of the listed company for 2021 was CNY 160,014,984.91, representing a 5.43% decrease from CNY 169,268,723.74 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,411,853.25, an increase of 15.48% compared to CNY 86,083,955.68 in 2020[22]. - The net cash flow from operating activities was CNY 194,021,077.47, down 8.15% from CNY 211,246,862.12 in 2020[22]. - The total assets at the end of 2021 were CNY 2,464,111,598.87, reflecting a 10.78% increase from CNY 2,224,359,551.49 at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.43, a 4.88% increase from CNY 0.41 in 2020[22]. - The company reported a total revenue of RMB 838,127,336.92 in 2019, indicating a steady growth trend over the years[19]. - The company achieved a net profit attributable to shareholders of RMB 160,014,984.91 for the year 2021, with distributable profits amounting to RMB 1,689,200,792.40 after statutory surplus reserves were deducted[152]. Risk Management - The company faces major risks including supply shortages of key raw materials, uncertainties from the global COVID-19 pandemic, and rising logistics costs[7]. - The company is dependent on a single product, which poses a risk to its operations[7]. - The company has a comprehensive risk management strategy outlined in the management discussion and analysis section of the report[7]. - The company is addressing risks related to the COVID-19 pandemic by implementing emergency measures, including logistics adjustments and customer communication regarding delivery timelines[103]. - The company is facing risks from rising logistics costs due to complex international trade environments and the ongoing pandemic, which affects shipping efficiency[105]. - The company faces exchange rate risk due to its operations primarily in China with RMB settlements and export business mainly in USD, leading to potential fluctuations in foreign currency assets and liabilities[109]. - The financial department monitors foreign currency transactions and assets to minimize exchange rate risks, utilizing forward foreign exchange contracts as a hedging strategy[109]. Corporate Governance - The company has a strong governance structure with all board members present at the meeting[5]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring effective checks and balances among its governing bodies[111]. - During the reporting period, the company held 2 shareholder meetings, 9 board meetings, and 8 supervisory meetings, demonstrating effective governance operations[112]. - The company adheres to information disclosure obligations, ensuring that disclosures are timely, accurate, and complete, thereby safeguarding investors' rights to know about significant company matters[113]. - The company has not reported any significant differences in governance compared to regulatory requirements, indicating compliance with corporate governance standards[116]. - The company has not disclosed any related party transactions that could affect its independence, maintaining a clear operational boundary[116]. - The company has established effective internal control mechanisms to enhance management efficiency and risk control over subsidiaries[158]. Research and Development - The company has invested over ¥40 million to establish a research and development center with international advanced levels, enhancing its product development capabilities[47]. - Research and development expenses rose significantly by 57.21% to ¥12,430,586.65, reflecting the company's increased investment in R&D[54][56]. - Total R&D investment accounted for 1.43% of operating revenue, with 42 R&D personnel making up 5.65% of the total workforce[73]. - The company plans to enhance its research and development for various fruit juice products to solidify its market leadership[86]. Market Expansion and Product Development - The company expanded its sales network to major countries and regions worldwide, including the US, Japan, Europe, and South America, enhancing its market presence[33]. - The company aims to continue developing new products and customer groups to increase market share in the future[33]. - The company is optimizing its customer base by actively seeking new clients through various channels, including trade shows and client visits[35]. - The company has developed a diverse product range, including concentrated apple juice, pear juice, and fructose, catering to markets in China, the US, Russia, Japan, and South Africa[42]. - The company plans to expand its product range, increasing the production of high-value-added products such as apple fructose and pear fructose, to meet diverse customer needs and increase revenue[98]. - The company aims to solidify its existing market share while exploring new emerging markets, particularly focusing on the U.S. market recovery[98]. Environmental Responsibility - The company has established wastewater treatment stations in 2004, 2007, and 2007, with successful environmental protection acceptance in 2008 and 2009[169][170]. - The company monitors pollutants including COD, ammonia nitrogen, total nitrogen, and total phosphorus in wastewater, with discharge limits set at 50 mg/L for COD and 8 mg/L for ammonia nitrogen[172]. - The company has implemented online monitoring systems for wastewater and flue gas emissions, ensuring real-time self-monitoring[172]. - The company is committed to reducing carbon emissions by converting coal-fired boilers to gas-fired boilers and installing biogas recovery equipment[176]. - The company adheres to various environmental discharge standards, including the Liaoning Province wastewater discharge standard DB21.1627-2008[172]. Shareholder Returns - The profit distribution plan approved by the board includes a cash dividend of RMB 0.50 per 10 shares, based on 357,700,000 shares[7]. - The proposed cash dividend for 2021 is RMB 0.50 per share, totaling RMB 17,885,000.00, which represents 11.18% of the net profit attributable to the parent company's ordinary shareholders[153]. - The company has established a cash dividend policy that mandates a minimum distribution of 10% of the annual distributable profits when profits are positive[152]. Employee Management - The company employed a total of 744 staff, with 171 in the parent company and 573 in major subsidiaries[146]. - The company emphasized the importance of employee training to enhance competitiveness, organizing various training programs covering safety, policy, law, and market operations[148]. - The remuneration for directors in 2021 was set at RMB 80,000 per person annually, while supervisors received RMB 50,000 per person annually[143]. Strategic Planning - The company is considering strategic acquisitions to enhance its product offerings, with a target of acquiring at least one company in the next 12 months[128]. - The company plans to utilize various financing methods, such as targeted placements and bank loans, to support sustainable development[98]. - The company is focused on expanding its market presence and developing new products, particularly in the concentrated apple juice sector[122].