中炬高新第十届董事会第十六次会议文件之独董事前认可意见 中炬高新技术实业（集团）股份有限公司 独立董事关于公司第十届董事会第十六次会议 相关事项的事前认可意见 根据《关于在上市公司建立独立董事制度的指导意见》、《上海证券 交易所股票上市规则》等规章制度、规范性文件及《公司章程》、《独立 董事制度》的有关规定，基于独立判断的立场，作为公司的独立董事， 我们对公司第十届董事会第十六次会议审议的事项进行了认真的事前 核查，发表如下事前认可意见： 一、关于阳江恒茂包装制品有限公司关联交易的议案 公司与关联方发生的日常关联交易本着自愿、公平、公允的原则进 行，不存在损害公司及中小股东利益情形，且该关联交易金额较小，不 影响公司独立性，对经营成果影响较小。 我们同意将上述关联交易事项提交公司第十届董事会第十六次会 议审议。 1 中炬高新第十届董事会第十六次会议文件之独董事前认可意见 （本页为公司独立董事关于公司第十届董事会第十六次会议相关事项 的事前认可意见签字页） 秦志华： 李 刚： 甘耀仁： 2023 年 8 月 25 日 2 ...

Financial Performance - The company's operating revenue for 2022 was approximately ¥5.34 billion, an increase of 4.41% compared to ¥5.12 billion in 2021[18]. - The net profit attributable to shareholders of the listed company for 2022 was approximately -¥592.25 million, a decrease of 179.82% compared to a profit of ¥741.96 million in 2021[18]. - The net cash flow from operating activities decreased by 44.11% to approximately ¥677.65 million in 2022 from ¥1.21 billion in 2021[18]. - The total assets at the end of 2022 were approximately ¥6.22 billion, an increase of 5.17% from ¥5.92 billion at the end of 2021[18]. - The net assets attributable to shareholders of the listed company decreased by 21.48% to approximately ¥3.01 billion at the end of 2022 from ¥3.83 billion at the end of 2021[18]. - The revenue from main business after deducting unrelated business income was approximately ¥5.21 billion, an increase of 3.03% compared to ¥5.05 billion in 2021[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥556.23 million, a decrease of 22.50% compared to ¥717.69 million in 2021[18]. - The company reported a basic earnings per share of -0.7682 CNY for 2022, a decrease of 181.45% compared to 0.9431 CNY in 2021[19]. - The weighted average return on equity dropped to -17.41% in 2022, a decrease of 34.93 percentage points from 17.52% in 2021[19]. - The company reported a significant decrease in investment cash flow, down 137.36% to CNY -352.79 million, attributed to reduced investment in bank wealth management products[32]. - The company reported a net cash outflow from investment activities of 353 million yuan, a decrease of 1.297 billion yuan year-on-year[48]. - The company reported a total profit loss of CNY 474,409,780.91 for 2022, contrasting with a profit of CNY 876,523,604.02 in 2021[187]. Operational Highlights - The company aims to increase market share by leveraging opportunities from domestic consumption recovery as outlined in the national strategy[23]. - The company plans to continue product innovation and channel expansion to adapt to market changes and consumer demands[23]. - The company added 301 distributors in 2022, bringing the total to 2,003, with a county-level development rate of 68.12% and a city-level development rate of 93.47%[29]. - The company launched high-end zero-additive soy sauce and a special seasoning for crayfish, contributing to a diversified product structure[29]. - The company plans to enhance cooperation with other cities in the Greater Bay Area, leveraging its geographical advantages[56]. - The company is focusing on expanding its market presence in the central and northeastern regions while developing the southwestern and northwestern markets[67]. - The company is committed to leveraging technological advancements to improve product quality and safety, responding to the increasing competition in the condiment market[65]. - The company plans to launch new products in the first half of 2023, focusing on mid-range low-salt soy sauce with distinctive features[67]. - The company aims to increase the number of distributors by 200 in 2023, targeting a total of over 2,200 distributors[67]. Research and Development - The company has established multiple R&D platforms, including a provincial technology center and a national key laboratory, with 227 valid patents granted[29]. - Research and development expenses increased by 4.99% to CNY 178.60 million, driven by the expansion of R&D projects[32]. - The company is investing heavily in R&D, with a budget allocation of 500 million CNY for new technologies and product development[76]. - The number of R&D personnel was 430, accounting for 8.55% of the total workforce[46]. Market and Industry Trends - The condiment industry saw a production increase of 6.8% in 2021, with sales revenue growing by 11.2%[24]. - The Chinese seasoning market is projected to grow from CNY 500 billion in 2021 to CNY 780 billion by 2025, indicating strong industry growth potential[54]. - Soy sauce remains the largest category in the seasoning market, accounting for over 50% of the total market share[54]. - The company anticipates continued growth in the condiment industry, driven by consumer demand for healthier and more diverse products[65]. Legal and Compliance Issues - The company faces various risks as outlined in the annual report, which investors should pay attention to[5]. - The company recognized an estimated liability of CNY 1,178.36 million related to three lawsuits, which has been fully accounted for as non-operating expenses in 2022[49]. - The company is involved in multiple legal disputes, with a total of 1.64 billion yuan in debt guarantees and 2.6 billion yuan in other financial obligations[131]. - The company has been under investigation by the local supervisory committee, with two executives currently in custody[131]. - The company has faced enforcement actions related to various debts, including a 10.5 billion yuan loan guarantee and a 13.1 billion yuan debt obligation[132]. Environmental and Social Responsibility - The company invested 8 million yuan in environmental protection during the reporting period[107]. - The wastewater treatment capacity of Guangdong Meiwei Xian Food Co., Ltd. is 3,500 m³/day, operating 24 hours a day[110]. - The company has established an online monitoring system for pollutants including COD, pH, ammonia nitrogen, and total phosphorus, in compliance with local environmental regulations[113]. - The company has implemented a photovoltaic system with a capacity of 5.84 MW, generating 5.8 million kWh of electricity, which reduced energy consumption by 712 tons of standard coal[118]. Governance and Management - The company held one annual general meeting and two extraordinary general meetings, all conducted in compliance with relevant regulations[70]. - The board of directors held nine meetings during the reporting period, ensuring compliance with legal and regulatory requirements[71]. - The company has a structured decision-making process for the remuneration of directors and senior management, ensuring transparency[88]. - The company has maintained a stable leadership team with minimal turnover in key positions[89]. - The total pre-tax compensation for the management team during the reporting period amounted to 2,843.88 million CNY[76]. Future Outlook - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[76]. - The company plans to pursue strategic acquisitions to enhance its market position, targeting at least two potential companies in the next 12 months[76]. - The management team has set a performance guidance of achieving a net profit margin of 15% for the upcoming fiscal year[76]. - The company has set a revenue guidance of 1.5 billion RMB for 2023, indicating a growth target of 25%[81].

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,366,547,956.05, representing a year-on-year increase of 1.46%[4] - The net profit attributable to shareholders was ¥149,670,237.55, showing a decrease of 5.53% compared to the same period last year[4] - The basic earnings per share for the period was ¥0.1941, down by 5.55% year-on-year[5] - The consolidated net profit for Q1 2023 was CNY 159,470,000, a decrease of CNY 9,460,000, reflecting a decline of 5.60% year-on-year[21] - The parent company's net profit for Q1 2023 was CNY 149,670,000, a decrease of CNY 8,770,000, reflecting a decline of 5.53% year-on-year[21] - The net profit for Q1 2023 was CNY 159,474,722.63, a decrease of 5.4% compared to CNY 168,926,842.79 in Q1 2022[23] - The total profit for Q1 2023 was CNY -3,609,531.73, compared to CNY 26,817,070.45 in Q1 2022, reflecting a substantial decline[32] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥195,130,966.05, a significant increase of 1,143.37%[5] - The cash flow from operating activities generated a net amount of CNY 195,130,966.05, a significant improvement from a negative cash flow of CNY -18,701,905.09 in Q1 2022[25] - The cash inflow from operating activities totaled CNY 1,477,060,384.01, compared to CNY 1,391,011,991.04 in the same period last year, representing a growth of 6.2%[25] - The company's cash and cash equivalents at the end of Q1 2023 were CNY 587,521,272.47, up from CNY 540,177,098.66 at the beginning of the quarter[26] - The company's cash inflow from operating activities totaled CNY 9,504,599.47, slightly up from CNY 9,362,750.74 in Q1 2022[34] - The company's total cash outflow from operating activities was CNY 47,951,578.87, compared to CNY 64,229,754.43 in the same quarter last year[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,218,068,447.08, a slight decrease of 0.09% from the end of the previous year[5] - The total current assets as of March 31, 2023, amounted to CNY 3,355,232,366.64, an increase from CNY 3,237,329,149.35 as of December 31, 2022[18] - The total liabilities decreased to CNY 2,593,847,954.51 from CNY 2,758,540,203.95, indicating a reduction in financial obligations[20] - The total assets of the company reached CNY 3,036,841,912.22, a marginal increase from CNY 3,019,553,477.03 at the end of 2022[29] - The total liabilities increased to CNY 3,240,548,768.11 from CNY 3,220,455,711.46, indicating a rise in the company's obligations[29] Shareholder Information - As of March 31, 2023, the total number of common shareholders was 56,829, with the largest shareholder, Zhongshan Runtian Investment Co., Ltd., holding 107,990,156 shares, representing 13.75% of the total share capital[11] - Zhongshan Runtian Investment Co., Ltd. has pledged 100% of its shares, totaling 107,990,156 shares, which accounts for 13.75% of the company's total share capital[13] - The company has repurchased 14,388,000 shares, representing 1.83% of the total share capital, as of March 31, 2023[13] Operational Highlights - The revenue from the main subsidiary, Meiwai Xian, increased by CNY 96,710,000 in Q1 2023, marking a growth of 7.87% compared to the previous year[21] - The company headquarters reported a revenue decline of CNY 56,200,000, a decrease of 67.84% year-on-year[21] - The inventory as of March 31, 2023, was CNY 1,643,876,273.46, down from CNY 1,669,708,259.36, indicating a reduction in stock levels[19] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[30] Legal and Investigative Matters - The company has recognized a total estimated liability of 117,835.89 million RMB related to three ongoing lawsuits, which has been fully accounted for in the 2022 operating expenses[15] - The company’s vice presidents, Zhang Weihua and Zhu Hongbin, are under investigation and have been placed under detention by the Zhongshan Municipal Supervision Commission[16]

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,366,547,956.05, representing a year-on-year increase of 1.46%[4] - The net profit attributable to shareholders was CNY 149,670,237.55, showing a decrease of 5.53% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 144,361,806.13, down 7.09% year-on-year[4] - The basic earnings per share for the period was CNY 0.1941, reflecting a decrease of 5.55%[5] - The net profit for Q1 2023 was RMB 159.47 million, a decrease of RMB 9.46 million or 5.60% year-on-year[19] - The net profit attributable to the parent company was RMB 149.67 million, down by RMB 8.77 million or 5.53% year-on-year[19] - Net profit for Q1 2023 was CNY 159,474,722.63, down from CNY 168,926,842.79 in Q1 2022, indicating a decrease of about 5.4%[21] - The total profit for Q1 2023 was CNY -3,609,531.73, compared to CNY 26,817,070.45 in Q1 2022[30] Cash Flow - The net cash flow from operating activities was CNY 195,130,966.05, a significant increase of 1,143.37%[5] - The company reported a net cash flow from operating activities of CNY 195,130,966.05 in Q1 2023, a significant improvement compared to a net outflow of CNY 18,701,905.09 in Q1 2022[23] - The company generated CNY 9,504,599.47 in cash inflows from operating activities, compared to CNY 9,362,750.74 in Q1 2022[32] - Cash flow from operating activities showed a net outflow of CNY -38,446,979.40, an improvement from a net outflow of CNY -54,867,003.69 in Q1 2022[32] - The company's cash and cash equivalents increased to RMB 704.06 million from RMB 628.36 million year-on-year[16] - The company's cash and cash equivalents at the end of Q1 2023 were ¥587,521,272.47, up from ¥540,177,098.66 at the beginning of the quarter[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,218,068,447.08, a slight decrease of 0.09% from the end of the previous year[5] - The total current assets as of March 31, 2023, amounted to RMB 3,355.23 million, an increase from RMB 3,237.33 million at the end of 2022[16] - The total liabilities decreased to RMB 2,593.85 million from RMB 2,758.54 million at the end of 2022, indicating a reduction in financial obligations[18] - The total liabilities increased to ¥3,240,548,768.11 in Q1 2023 from ¥3,220,455,711.46 in the previous period, indicating a rise in the company's debt levels[27] - The total assets as of March 31, 2023, were ¥3,036,841,912.22, slightly up from ¥3,019,553,477.03 at the end of 2022[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,829[10] - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., holds 107,990,156 shares, accounting for 13.75% of the total share capital[11] - The company has repurchased 14,388,000 shares, representing 1.83% of the total share capital as of March 31, 2023[11] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 29%[10] Legal and Regulatory Issues - The company has recognized a total estimated liability of 117,835.89 million RMB related to three ongoing lawsuits[13] - The company has a pending appeal regarding the first-instance judgment of two lawsuits related to land use rights[13] - The company’s management has faced legal scrutiny, with two executives under investigation for suspected violations[14] - The company has a 33.44% stake in Zhonghui Hechuang, which has been seized as part of a property preservation measure[12] - The company has not reported any balances with Zhongshan Torch Industrial Union Co., Ltd. related to the aforementioned lawsuits[13] Operational Performance - The revenue from the main subsidiary, Meiwei Xian, increased by RMB 96.71 million or 7.87% year-on-year, contributing RMB 1,325.87 million to total revenue[19] - The company headquarters reported a revenue decline of RMB 56.20 million or 67.84% year-on-year, totaling RMB 26.64 million[19] - Total operating costs for Q1 2023 were CNY 1,199,918,661.33, an increase from CNY 1,163,422,938.70 in Q1 2022, representing a growth of approximately 3.1%[21] - Research and development expenses increased to CNY 43,870,215.70 in Q1 2023 from CNY 39,384,340.34 in Q1 2022, reflecting a rise of approximately 12.6%[21] - The company reported a loss of RMB 2.80 million at the headquarters level, a significant decrease in loss compared to RMB 23.20 million in the previous year[19] - The company reported a net loss of ¥710,615,828.81 in Q1 2023, compared to a loss of ¥707,811,207.35 in the previous period, indicating ongoing financial challenges[27]

Financial Performance - The company's operating revenue for 2022 was approximately ¥5.34 billion, an increase of 4.41% compared to ¥5.12 billion in 2021[17]. - The net profit attributable to shareholders of the listed company for 2022 was approximately -¥592.25 million, a decrease of 179.82% compared to a profit of ¥741.96 million in 2021[17]. - The net cash flow from operating activities decreased by 44.11% to approximately ¥677.65 million in 2022 from ¥1.21 billion in 2021[17]. - The total assets of the company at the end of 2022 were approximately ¥6.22 billion, an increase of 5.17% from ¥5.92 billion at the end of 2021[17]. - The net assets attributable to shareholders of the listed company decreased by 21.48% to approximately ¥3.01 billion at the end of 2022 from ¥3.83 billion at the end of 2021[17]. - The revenue after deducting non-main business income for 2022 was approximately ¥5.21 billion, an increase of 3.03% compared to ¥5.05 billion in 2021[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥556.23 million, a decrease of 22.50% compared to ¥717.69 million in 2021[17]. - The company reported a basic earnings per share of -0.7682 CNY for 2022, a decrease of 181.45% compared to 0.9431 CNY in 2021[18]. - The company's weighted average return on equity decreased to -17.41% in 2022, down 34.93 percentage points from 17.52% in 2021[18]. - The company reported a net cash flow from operating activities of 127,573,580.62 CNY in Q4 2022, indicating a recovery in cash generation[19]. Market and Industry Context - The condiment industry faced pressures such as shrinking consumer demand and rising costs, but the company is adapting by exploring new business models and enhancing product development[23]. - The total production of the top 100 condiment companies in 2021 was 18.306 million tons, with a year-on-year growth rate of 6.8%[23]. - The Chinese condiment market is projected to grow from approximately 500 billion CNY in 2021 to 780 billion CNY by 2025, indicating a strong growth trend[52]. - Soy sauce holds over 50% market share in the Chinese condiment industry, making it the largest category[52]. - The seasoning industry is expected to maintain stable and rapid growth, driven by increasing consumer demand for health, taste, safety, and convenience[62]. Strategic Initiatives - The company plans to leverage opportunities from the domestic consumption recovery to increase market share[22]. - The company aims to focus on the seasoning industry, aiming to strengthen multi-category development and reduce the gap with industry leaders[63]. - The future strategy includes expanding into the upstream and downstream of the seasoning industry and health food sector, aiming to become a top-tier food enterprise group in China[63]. - The company plans to enhance online sales channels to meet the growing consumer preference for purchasing seasoning products online[62]. - The company plans to launch new mid-range low-salt soy sauce products in the first half of 2023, emphasizing unique flavors and display advantages[64]. Research and Development - The company has established multiple R&D platforms, including a provincial technology center and a national key laboratory, with 227 valid patents granted[27]. - Research and development expenses increased by 4.99% to RMB 178.60 million, up from RMB 170.11 million, driven by an increase in R&D projects[30]. - The company is investing 100 million RMB in R&D for new technologies in the upcoming year[80]. Governance and Management - The company has conducted 9 board meetings and 5 supervisory meetings in the reporting period, ensuring compliance with governance regulations[68]. - The company has established a comprehensive information disclosure system to ensure transparency and equal access to information for all shareholders[68]. - The company’s board of directors consists of experienced professionals with backgrounds in finance and investment management[73]. - The company’s governance structure emphasizes the importance of independent oversight and management accountability[70]. Legal and Compliance Issues - The company faces significant risks as outlined in the annual report, which investors should pay attention to[5]. - The company incurred an estimated liability of 1.178 billion yuan due to an industrial lawsuit, significantly impacting the annual performance and net asset return rate[29]. - The company has recognized a total estimated liability of 1,178,358,900 CNY due to three lawsuits related to land use rights, which has been fully accounted for as non-operating expenses in 2022[47]. - The company is currently appealing two land use rights cases involving areas of 1,043.8251 acres and 1,129.6675 acres[132]. - The company has faced multiple enforcement applications from various trust companies, with Mr. Yao Zhenhua bearing joint liability for debts exceeding 4.17 billion yuan[138]. Financial Management and Debt - The company is actively addressing liquidity issues through financial management, asset disposal, and debt restructuring, aiming to stabilize control[165]. - The company plans to leverage policy support to resolve litigation and extend debt repayment periods in 2023[165]. - The total amount of debts for which Mr. Yao Zhenhua is a guarantor exceeds 5.41 billion yuan, as per the enforcement applications filed by Chongqing International Trust Co., Ltd.[141]. - The company has a significant amount of overdue debts, with the largest being 916.34 million yuan from AVIC Trust, which was due on October 31, 2021[142]. Environmental Responsibility - The company has invested 8 million yuan in environmental protection during the reporting period[108]. - The wastewater treatment capacity of Guangdong Meiwei Xian Food Co., Ltd. is 3,500 m³/day, operating 24 hours a day[112]. - The company has completed the national pollutant discharge permit application and obtained the permit in March 2022[114]. - The company has committed to enhancing its environmental responsibility through regular emergency drills and monitoring systems[115]. Shareholder Information - The company repurchased a total of 11,261,244 shares, accounting for approximately 1.41% of the total share capital, with a total transaction amount of RMB 383.73 million[151]. - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., reduced its holdings by 77,321,139 shares, holding 115,669,766 shares at the end of the reporting period, representing 14.73% of the total shares[159]. - The total number of ordinary shareholders at the end of the reporting period was 57,699, a decrease from 60,035 at the end of the previous month[158].

中炬高新技术实业（集团）股份有限公司 关于召开 2022 年度业绩说明会的公告 证券代码：600872 证券简称：中炬高新 公告编号：2023-014 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： 会议召开时间：2023 年 03 月 24 日(星期五) 下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roa dshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2023 年 03 月 17 日(星期五) 至 03 月 23 日(星期四)17: 00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公 司邮箱 zqb@jonjee.com 进行提问。公司将在说明会上对投资者普遍 关注的问题进行回答。 中炬高新技术实业（集团）股份有限公司（以下简称"公司"） 拟于 2023 年 3 月 21 日发布公司 2022 年度报告，为便于广大投资者 更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 ...

Financial Performance - The company's operating revenue for Q3 2022 was RMB 1,303,746,401.44, representing an increase of 18.98% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was RMB 105,599,898.10, reflecting a growth of 21.51% year-on-year[4] - The basic earnings per share for Q3 2022 was RMB 0.1370, up by 26.62% compared to the previous year[5] - The company achieved a total operating revenue of 3.96 billion RMB for the first three quarters of 2022, an increase of 15.95% compared to the same period last year[15] - The consolidated net profit for the first three quarters of 2022 was 447 million RMB, reflecting a year-on-year increase of 12.81%[10] - Net profit for Q3 2022 reached CNY 446.97 million, up 12.8% from CNY 396.20 million in Q3 2021[17] - Total comprehensive income for Q3 2022 was CNY 447.26 million, compared to CNY 396.19 million in Q3 2021, marking an increase of 12.9%[18] - The net profit for the first three quarters of 2022 was ¥30,086,321.38, compared to a net loss of ¥39,704,663.76 in the same period of 2021, indicating a turnaround in profitability[25] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to RMB 5,992,288,847.55, showing a 1.26% increase from the end of the previous year[5] - The total equity attributable to shareholders at the end of Q3 2022 was RMB 4,020,072,037.76, representing a 4.90% increase from the previous year[5] - The company's cash and cash equivalents increased to approximately 592.76 million RMB as of September 30, 2022, compared to 548.66 million RMB at the end of 2021[12] - Total assets as of September 30, 2022, amounted to approximately 5.99 billion RMB, a slight increase from 5.92 billion RMB at the end of 2021[14] - The total liabilities decreased to approximately 1.53 billion RMB as of September 30, 2022, down from 1.67 billion RMB at the end of 2021[14] - The equity attributable to shareholders of the parent company increased to approximately 4.02 billion RMB, compared to 3.83 billion RMB at the end of 2021[14] - The total liabilities decreased to 2,075,539,643.92 RMB from 2,229,563,076.36 RMB year-over-year[22] - The company's total equity decreased to 983,176,426.53 RMB from 1,184,386,490.15 RMB year-over-year[22] Cash Flow - The company reported a net cash generated from operating activities of RMB 550,081,255.03, which is a decrease of 2.12% compared to the same period last year[4] - Cash flow from operating activities for the first three quarters of 2022 was CNY 4.46 billion, an increase from CNY 4.06 billion in the same period of 2021[19] - The company achieved a net cash inflow from operating activities of CNY 550.08 million in Q3 2022, compared to CNY 561.98 million in Q3 2021[19] - The net cash flow from investment activities was -284,355,050.35 RMB, compared to 997,046,006.78 RMB in the previous year[20] - The company's cash flow from operating activities showed a net outflow of ¥108,206,148.72 in the first three quarters of 2022, compared to a net inflow of ¥835,424,110.17 in the same period of 2021[27] - Investment activities generated a net cash inflow of ¥186,122,304.16 in the first three quarters of 2022, down from ¥958,512,427.32 in the previous year[27] Shareholder Information - The company had a total of 70,068 common shareholders at the end of the reporting period[7] - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., held 139,197,315 shares, accounting for 17.72% of the total share capital[8] - The company’s repurchase account held 14,388,000 shares, which is 1.83% of the total share capital[8] Revenue Breakdown - The revenue from Meiwai Xian Company reached 3.64 billion RMB, up 10.95% year-on-year, driven by higher sales of seasoning products[9] - Zhonghui Hechuang experienced a revenue decline of 42.40%, with total revenue of 24.27 million RMB, mainly due to decreased real estate sales[9] Expenses - Total operating costs for Q3 2022 were approximately CNY 3.48 billion, an increase of 16.8% from CNY 2.98 billion in Q3 2021[16] - Research and development expenses for Q3 2022 were CNY 128.60 million, slightly up from CNY 125.37 million in Q3 2021[16] - The company incurred sales expenses of ¥10,416,513.51 in the first three quarters of 2022, a decrease from ¥13,259,119.02 in the same period of 2021[24] - The company reported a decrease in financial expenses, showing a net income of CNY -1.57 million in Q3 2022, compared to CNY 14.08 million in Q3 2021[16] - Tax expenses for Q3 2022 were CNY 72.11 million, slightly higher than CNY 69.31 million in Q3 2021[17] Other Income - The company reported other income of ¥6,260,181.16 in the first three quarters of 2022, compared to ¥345,123.30 in the same period of 2021, reflecting an increase in other income sources[24] - The company's financial expenses included interest income of ¥1,672,396.28, which increased from ¥1,370,359.36 in the previous year[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,652,164,237.63, representing a 14.52% increase compared to ¥2,315,936,351.68 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥313,134,476.13, an increase of 11.91% from ¥279,819,325.70 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥301,797,079.06, up 12.21% from ¥268,946,436.51 in the same period last year[15]. - The net cash flow from operating activities was ¥442,577,933.23, reflecting an 11.24% increase from ¥397,846,884.27 in the previous year[15]. - The total assets at the end of the reporting period were ¥6,151,962,562.74, a 3.96% increase from ¥5,917,652,808.13 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company were ¥3,914,300,926.69, which is a 2.14% increase from ¥3,832,349,780.64 at the end of the previous year[15]. - The basic earnings per share for the first half of 2022 were ¥0.4061, up 14.46% from ¥0.3548 in the same period last year[16]. - The weighted average return on net assets increased to 7.93%, up 1.81 percentage points from 6.12% in the previous year[16]. - The company reported a significant recovery in operating revenue and net profit growth in the first half of 2022 compared to the previous year[15]. Revenue Breakdown - The company achieved a total operating revenue of RMB 2.652 billion, an increase of RMB 336 million, representing a growth of 14.52% year-on-year[22]. - The net profit attributable to the parent company for the first half of 2022 is expected to be RMB 313 million, an increase of RMB 33.31 million, with a growth rate of 11.91%[22]. - The company's revenue from the "Meiwei Xian" brand reached RMB 2.464 billion, with a year-on-year increase of RMB 226 million, reflecting a growth of 10.09%[22]. Market and Distribution - The company has over 1,800 distributors, achieving a development rate of 93.47% in prefecture-level cities and 66.25% in county markets[20]. - The company is actively expanding its marketing network, including e-commerce and export sales, to build a comprehensive marketing strategy[20]. - The company is focusing on a "1+N" product development strategy to enhance market presence and accelerate the development of multi-category product structures[22]. Operational Costs - Operating costs increased by 18.44% to ¥1,803,627,424.22, primarily due to rising raw material prices and increased sales volume[24]. - Sales expenses rose by 10.99% to ¥216,275,165.18, driven by an increase in the number of sales personnel and higher e-commerce expenses[24]. Cash Flow and Investments - The company’s cash and cash equivalents increased by 44.62% to ¥793,469,684.71, compared to ¥548,656,736.03 at the end of the previous year[26]. - The company reported a significant decrease in investment cash flow, with a net outflow of ¥117,835,502.10 compared to a net inflow of ¥693,227,968.06 in the previous year, a change of -117.00%[24]. - The company’s financial expenses decreased significantly by 105.20%, resulting in a net financial expense of -¥504,917.03 compared to ¥9,704,978.10 in the previous year[24]. Environmental Compliance - Guangdong Meiwei Xian Food Co., Ltd. has two wastewater treatment plants with a total design capacity of 3,500 m³/day, operating 24 hours and meeting the discharge standards[43]. - The actual COD discharge for Guangdong Meiwei Xian was 15.163 tons in the first half of the year, well below the permitted amount of 74.095 tons[40]. - The company has implemented an online monitoring system for various pollutants, including COD and nitrogen oxides, in compliance with environmental regulations[47]. - No administrative penalties were imposed on the company during the reporting period for environmental issues[48]. Legal and Financial Liabilities - The company is involved in significant litigation regarding land use rights, with claims for compensation totaling approximately 5.15 billion yuan for economic losses related to land use rights[55]. - Zhongshan Runtian is facing multiple forced execution cases, with a total debt guarantee amounting to 1.64 billion yuan, 2.6 billion yuan, and 7.2 billion yuan, respectively, leading to the freezing of shares[57]. - The total amount of overdue debts not yet repaid as of June 30, 2022, is 308,347.47 million RMB[63]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 87,067[71]. - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., holds 20% of the shares, with a total of 159,297,315 shares[72]. - The company has no significant related party transactions that have not been disclosed in temporary announcements[68]. Accounting Policies - The company’s financial statements are prepared based on the assumption of going concern[105]. - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring the financial statements reflect true and complete financial conditions[107]. - The company recognizes revenue when the company fulfills performance obligations, with transaction prices allocated to each obligation based on their standalone selling prices[164]. Credit Risk Management - The company has recognized a bad debt provision of CNY 5,831,675.57 for accounts receivable, with a provision increase of CNY 115,549.12 during the period[196]. - The accounts receivable aging analysis shows that 1,590,000.00 CNY (100%) of receivables over three years are fully provided for[195]. - The provision for accounts receivable aged within one year is CNY 1,661,617.15, representing a 5% provision ratio[195].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 1,346,845,594.05, representing a year-on-year increase of 6.63%[4] - The net profit attributable to shareholders of the listed company was RMB 158,435,261.61, showing a decrease of 9.46% compared to the same period last year[4] - Basic earnings per share for the period were RMB 0.2055, down by 6.46% from the previous year[5] - The net profit for Q1 2022 was RMB 16.892 million, a decrease of RMB 1.797 million, reflecting a decline of 9.62% year-on-year[13] - The company's total comprehensive income for Q1 2022 was ¥168,858,106.76, down from ¥186,912,459.43 in Q1 2021[22] Cash Flow - The net cash flow from operating activities was negative at RMB -18,701,905.09, a decline of 108.05% year-on-year[4] - In Q1 2022, the cash inflow from operating activities totaled CNY 1,391,011,991.04, a decrease of 5.8% compared to CNY 1,476,466,168.02 in Q1 2021[25] - The net cash outflow from operating activities was CNY -18,701,905.09, contrasting with a net inflow of CNY 232,435,494.04 in the same period last year[25] - Cash inflow from investment activities amounted to CNY 182,779,425.62, significantly lower than CNY 2,013,909,351.00 in Q1 2021[25] - The total cash and cash equivalents at the end of Q1 2022 stood at CNY 430,387,059.17, up from CNY 326,288,094.75 at the end of Q1 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were RMB 5,817,425,663.22, a decrease of 1.69% from the end of the previous year[5] - As of March 31, 2022, total assets amounted to RMB 5.817 billion, a decrease from RMB 5.918 billion at the end of 2021[15] - Total liabilities as of Q1 2022 amounted to ¥1,398,198,259.60, a decrease of 16.1% from ¥1,667,283,511.27 in the previous year[18] - The company’s total liabilities to equity ratio improved to 0.316 in Q1 2022 from 0.392 in Q1 2021, indicating a stronger financial position[18] Shareholder Information - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., held 165,747,315 shares, accounting for 20.81% of the total share capital[9] - A total of 163,621,710 shares held by Zhongshan Runtian were pledged, representing 98.72% of its holdings[9] - The company’s repurchase account held 25,649,244 shares, which is 3.22% of the total share capital[9] - The company completed its first share buyback in 2021, repurchasing 14,388,000 shares at an average price of RMB 41.694 per share, totaling RMB 599.79 million[10] - The second share buyback in 2021 involved repurchasing 11,261,244 shares at a total cost of RMB 383.73 million, with a maximum price of RMB 38.05 per share[11] Revenue and Costs - Total operating costs for Q1 2022 were ¥1,163,422,938.70, up from ¥1,057,627,938.41 in Q1 2021, reflecting a year-over-year increase of 10%[19] - The company reported a significant increase in revenue from its headquarters, achieving RMB 8.284 million, up 8.1 times year-on-year[13] - The company reported non-recurring gains and losses totaling RMB 3,062,540.69 for the period[6] Research and Development - Research and development expenses for Q1 2022 were ¥39,384,340.34, slightly down from ¥41,777,447.63 in Q1 2021[19]

Financial Performance - The company's total revenue for 2021 was ¥5,115,649,704.30, a slight decrease of 0.15% compared to ¥5,123,374,813.83 in 2020[19] - Net profit attributable to shareholders was ¥741,964,726.31, down 16.63% from ¥889,931,677.24 in the previous year[19] - Basic earnings per share for 2021 were ¥0.9431, down 15.58% from ¥1.1171 in 2020[21] - The weighted average return on net assets was 17.52%, a decrease of 3.44 percentage points from 20.96% in 2020[21] - The company's main business revenue for the reporting period was CNY 4,565,012,770.57, a decrease of 7.41% compared to the previous year[57] - The gross profit margin for soy sauce was 39.20%, with a revenue decrease of 9.48% year-on-year[57] - The revenue from the seasoning products segment was 4.618 billion RMB, down 7.24% year-on-year, primarily due to a decline in sales[35] - The company's total operating costs were 3.332 billion RMB, an increase of 5.33% year-on-year[35] - The gross margin for the manufacturing sector was 32.64%, a decrease of 5.28 percentage points compared to the previous year[36] Cash Flow and Investments - The net cash flow from operating activities increased by 21.13% to ¥1,212,493,363.66 from ¥1,000,999,170.24 in 2020[19] - The company reported a net cash inflow from investment activities of ¥944 million, an increase of ¥2.069 billion compared to the previous period[49] - The company reported a net cash flow from operating activities of CNY 650,516,123.02 in Q4 2021, up from CNY 232,435,494.04 in Q1[23] - The company has 366 R&D personnel, making up 7.26% of the total workforce[47] - The company has a total of 5,043 employees, including 1,667 sales personnel and 355 technical staff[105] Dividends and Share Repurchase - The company plans to distribute a cash dividend of ¥3 per 10 shares, totaling ¥231,296,385.00[5] - The company completed its first share repurchase in 2021, using CNY 599.8 million to buy back 14.388 million shares[26] - The company repurchased a total of 14,388,000 shares, accounting for 1.81% of the total share capital, at an average price of 41.694 CNY per share, using a total of approximately 599.79 million CNY[172] - The second repurchase involved acquiring 11,261,244 shares, approximately 1.41% of the total share capital, with a total expenditure of about 383.73 million CNY[173] Market Expansion and Product Development - The company added 281 new distributors in 2021, achieving a national coverage rate of 92.28% in prefecture-level cities and 59.97% in county-level areas[25] - The company launched 7 new products and 42 individual items in 2021, enhancing its product portfolio[25] - The company is focusing on expanding its health food business while divesting from real estate operations to concentrate on food manufacturing[69] - New product launches are anticipated in the upcoming quarters, aimed at meeting evolving consumer demands[80] Corporate Governance - The company has established a comprehensive information disclosure management system to ensure timely and accurate information dissemination to shareholders[73] - The board of directors has set up five specialized committees, including strategy development and audit, to enhance governance and oversight[73] - The company has maintained a transparent communication channel with shareholders through various means, including shareholder visits and hotlines[73] - The company has not experienced any incidents of insider trading or information leakage during the reporting period[73] Environmental and Social Responsibility - The company has maintained compliance with environmental standards, with no reported exceedances in pollutant emissions[116] - The company has implemented a rooftop photovoltaic power generation project, expected to generate 5.6 million kWh annually, equivalent to reducing the use of 688 tons of standard coal[126] - The company has completed the environmental impact assessment for the new project of the Chubang Food Research Institute in December 2021[120] - The company has conducted emergency drills according to the emergency response plan to enhance its ability to respond to environmental incidents[121] Legal and Financial Risks - The company is currently facing three lawsuits related to land use rights, with ongoing proceedings in the first instance[149] - The company has frozen shares of 27.24 million in Zhongju High-tech due to a court ruling related to an 800 million yuan loan dispute[150] - The company faces multiple enforcement actions due to various loan disputes, indicating significant financial pressure[150] - The company is a guarantor for debts totaling 42.07 billion yuan related to China Minsheng Trust, with ongoing enforcement actions[152] Future Outlook - The management has provided guidance for the next fiscal year, projecting a revenue growth of approximately 10%[80] - The company aims to achieve a "double hundred development plan" to narrow the gap with industry leaders, focusing on internal growth and external acquisitions[67] - Future outlook includes strategic investments aimed at increasing market share and driving innovation in product development[80] - The company plans to explore potential mergers and acquisitions to bolster its competitive position in the industry[80]