Financial Performance - Q3 2021 revenue was CNY 1,095,738,159.42, a decrease of 12.70% year-over-year[4] - Net profit attributable to shareholders was CNY 86,907,608.17, down 59.15% compared to the same period last year[4] - Basic earnings per share for Q3 2021 was CNY 0.1099, a decline of 58.85% year-over-year[5] - The net profit attributable to shareholders for the year-to-date was CNY 366,726,933.87, down 45.09% year-over-year[4] - The net profit for the first three quarters was 396 million yuan, down 45.59% compared to the previous year[22] - The company reported a total revenue of 3.412 billion yuan for the first three quarters of 2021, a decrease of 10.45% year-on-year[20] - Net profit for the third quarter of 2021 was CNY 396,204,756.05, a decline of 45.6% from CNY 728,156,266.06 in the same quarter of 2020[43] - The total comprehensive income for Q3 2021 was ¥396,185,587.33, down from ¥728,164,540.75 in Q3 2020[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,988,742,943.78, a decrease of 10.06% from the previous year[5] - Total assets decreased to CNY 5,988,742,943.78 from CNY 6,658,923,560.27 at the end of 2020, showing a reduction in overall asset base[40] - Total liabilities increased to CNY 2,126,323,701.39 from CNY 1,667,284,387.78 at the end of 2020, indicating higher leverage[40] - Total liabilities were reported at ¥1,667,284,387.78, with current liabilities constituting ¥1,557,355,939.04[51] - The company's total equity decreased to CNY 3,862,419,242.39 from CNY 4,991,639,172.49 at the end of 2020, reflecting a decline in shareholder value[40] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 561,977,240.64, down 36.98% year-over-year[5] - The net cash flow from operating activities for the first three quarters of 2021 was ¥4,064,003,460.78, down from ¥4,258,375,766.16 in the same period of 2020[47] - The cash and cash equivalents at the end of Q3 2021 amounted to ¥444,685,479.21, a decrease from ¥1,309,564,933.74 at the end of Q3 2020[48] - Cash and cash equivalents increased to CNY 603,917,556.32 as of September 30, 2021, compared to CNY 241,700,996.57 at the end of 2020, indicating improved liquidity[38] Shareholder Actions - The company completed a share repurchase of 14,388,000 shares, accounting for 1.81% of the total share capital, with a total expenditure of approximately RMB 599.79 million[12] - The company initiated a second share repurchase, acquiring a total of 11,261,244 shares, representing 1.41% of the total share capital, with a total expenditure of approximately RMB 383.73 million[13] - The company’s stock repurchase program has a total budget between RMB 300 million and RMB 600 million, with a maximum repurchase price of RMB 60.00 per share[11] Government Support and Subsidies - The company received government subsidies amounting to CNY 3,402,887.51 during the reporting period[6] Challenges and Market Conditions - The company reported a significant impact on profits due to decreased sales and rising raw material prices[7] - The company’s overall performance has been impacted by the weak recovery in the catering market and increased competition[26] - The company faces challenges in the sale of its real estate subsidiary due to opposition from a third-party shareholder and legal issues regarding the freezing of shares[16] Inventory and Procurement - Inventory as of September 30, 2021, was CNY 1,753,198,129.88, an increase from CNY 1,681,910,969.77 at the end of 2020, suggesting potential challenges in inventory turnover[38] - The average procurement prices for key raw materials increased significantly, with soybean prices rising by 24.34% year-on-year[26] - The company has implemented cost control measures, including bulk purchasing strategies to mitigate the impact of rising material prices[30] - The company is exploring new procurement models to reduce costs by collaborating with suppliers for production[30] Future Plans and Strategies - The company plans to publicly sell 89.24% of its subsidiary, Guangdong Zhonghui Hechuang Real Estate Co., Ltd., with a starting price of RMB 11.169 billion[15] - The company has proposed a non-public issuance of A-shares, aiming to raise up to RMB 7.79 billion through the issuance of 238,991,158 shares[14] - The company plans to launch new high-end soy sauce, oyster sauce, and Chinese seasoning products in 2022, focusing on enhancing product appeal[28] - The company aims to expand its distributor network, targeting underdeveloped cities and enhancing management of existing distributors[28] - The company has a strategy to develop online channels to attract new consumer demographics[28] Research and Development - Research and development expenses for the third quarter of 2021 were CNY 125,372,450.80, up from CNY 111,729,662.71 in the same quarter of 2020, reflecting a commitment to innovation[43]

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,095,738,159.42, a decrease of 12.70% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥86,907,608.17, down 59.15% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥85,004,918.19, a decline of 59.64% compared to the previous year[4]. - The basic earnings per share for Q3 2021 was ¥0.1099, representing a decrease of 58.85% year-on-year[5]. - The total revenue for the first three quarters of 2021 was RMB 3.412 billion, a decrease of RMB 398 million, representing a decline of 10.45% year-on-year[16]. - The consolidated net profit for the first three quarters of 2021 was RMB 396 million, a decrease of RMB 332 million, reflecting a year-on-year decline of 45.59%[17]. - Total operating revenue for Q3 2021 was approximately ¥3.41 billion, a decrease of 10.4% compared to ¥3.81 billion in Q3 2020[23]. - Net profit for Q3 2021 was approximately ¥396.20 million, a decrease of 45.6% from ¥728.16 million in Q3 2020[24]. - The total comprehensive income for Q3 2021 was CNY 396,185,587.33, a decrease from CNY 728,164,540.75 in Q3 2020[25]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.4630, down from CNY 0.8383 in Q3 2020[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,988,742,943.78, a decrease of 10.06% from the end of the previous year[5]. - The company's total assets decreased to approximately ¥5.99 billion in Q3 2021 from ¥6.66 billion in Q3 2020[22]. - Total liabilities increased to approximately ¥2.13 billion in Q3 2021 from ¥1.67 billion in Q3 2020[22]. - Current liabilities totaled approximately ¥2.00 billion in Q3 2021, up from ¥1.56 billion in Q3 2020[22]. - The company’s total liabilities increased, impacting the overall financial leverage and risk profile[29]. - Total assets amounted to approximately $6.66 billion, with non-current assets totaling about $2.56 billion[30]. - Current liabilities reached approximately $1.56 billion, with short-term borrowings at $360.24 million[30]. - Total liabilities were approximately $1.67 billion, with non-current liabilities accounting for about $109.93 million[31]. - The total current liabilities included accounts payable of approximately $492.66 million and contract liabilities of about $184.79 million[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 106,650[9]. - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., held 24.79% of the shares, with 168,121,710 shares pledged[10]. - The equity attributable to shareholders at the end of the reporting period was ¥3,457,177,628.31, down 25.10% year-on-year[5]. - The company’s total equity attributable to shareholders was approximately $4.62 billion, reflecting strong financial health[31]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥561,977,240.64, a decrease of 36.98% compared to the previous year[5]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 4,064,003,460.78, compared to CNY 4,258,375,766.16 in the same period of 2020, reflecting a decrease of approximately 4.56%[26]. - Net cash flow from operating activities in Q3 2021 was CNY 561,977,240.64, down from CNY 891,739,117.69 in Q3 2020[27]. - Cash flow from investing activities generated a net inflow of CNY 997,046,006.78 in the first three quarters of 2021, compared to CNY 415,608,199.48 in the same period of 2020[27]. - The company reported a cash outflow from financing activities of CNY 1,269,712,714.90 in Q3 2021, compared to CNY 683,615,296.45 in Q3 2020[27]. - The cash and cash equivalents at the end of Q3 2021 amounted to CNY 444,685,479.21, down from CNY 1,309,564,933.74 at the end of Q3 2020[28]. - The company reported investment properties valued at approximately $545.11 million and fixed assets at about $1.46 billion[30]. - The company’s investment cash inflow from recovering investments was CNY 7,377,159,533.27 in the first three quarters of 2021, significantly higher than CNY 4,388,064,229.57 in the same period of 2020[27]. Operational Challenges - The company reported a significant impact on profits due to decreased sales and rising raw material prices[8]. - The revenue for the subsidiary Meiwai Xian in the first three quarters was RMB 3.278 billion, a decrease of RMB 443 million, representing a decline of 11.91% year-on-year[16]. - The net profit for Meiwai Xian in the first three quarters was RMB 398 million, a decrease of RMB 273 million, reflecting a decline of 40.70% year-on-year[18]. - Research and development expenses for Q3 2021 were approximately ¥125.37 million, an increase of 12.2% from ¥111.73 million in Q3 2020[23]. - The company reported a decrease in cash and cash equivalents, with current assets totaling approximately ¥3.33 billion in Q3 2021 compared to ¥4.10 billion in Q3 2020[21].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,315,936,351.68, a decrease of 9.34% compared to the same period last year[16]. - The net profit attributable to shareholders decreased by 38.51% to CNY 279,819,325.70, primarily due to a decline in seasoning sales and an increase in raw material procurement prices[18]. - The net cash flow from operating activities fell by 40.85% to CNY 397,846,884.27, impacted by decreased sales and rising costs[16]. - Basic earnings per share decreased by 37.89% to CNY 0.3548, reflecting the decline in net profit[17]. - The weighted average return on equity decreased by 4.97 percentage points to 6.12%[17]. - The total revenue for the reporting period was 2.316 billion RMB, a year-on-year decrease of 9.34% due to rising raw material prices[25]. - The net profit for the company was 302 million RMB, reflecting a year-on-year decrease of 39.29%[25]. - The company reported a decrease of 39.11% in net profit after deducting non-recurring gains and losses[16]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,539,330,505.65, a decrease of 1.80% from the previous year[16]. - The net assets attributable to shareholders decreased by 12.96% to CNY 4,017,721,850.56[16]. - Total liabilities increased to CNY 2,124,038,761.26, up 27.4% from CNY 1,667,284,387.78[74]. - Current liabilities totaled CNY 2,006,602,187.26, reflecting a rise of 28.8% compared to CNY 1,557,355,939.04[74]. - The total equity attributable to shareholders decreased to CNY 4,017,721,850.56 from CNY 4,615,875,380.59, a drop of 13.0%[74]. Cash Flow - The company's cash and cash equivalents at the end of the period were ¥830,979,925.38, representing 12.71% of total assets, a significant increase of 243.80% from ¥241,700,996.57 last year[29]. - The net cash flow from investing activities surged by 221.50% to ¥693,227,968.06, influenced by the redemption of temporary investments[26][27]. - Cash outflow from operating activities increased to 2,414,728,597.33 from 2,197,466,241.17, representing an increase of approximately 10%[83]. - The company reported a net decrease in cash and cash equivalents of CNY 55,615,146.94 for the first half of 2021, compared to a decrease of CNY 39,794,254.43 in the first half of 2020[87]. Investments and Development - The company invested a total of ¥1.831 billion in the Yangxi base and Zhongshan plant renovation projects during the reporting period[33][34]. - Research and development expenses increased by 18.35% to ¥86,734,492.89, reflecting an increase in R&D projects[26][27]. - The company is actively pursuing technological innovation and has established several research and development platforms[24]. - The company aims to implement a systematic and differentiated product development strategy as part of its product development efforts[25]. Market and Strategy - The company plans to accelerate market expansion and channel penetration, focusing on developing blank markets and enhancing dealer support[25]. - The company faces risks related to market fluctuations and raw material price increases, which investors should be aware of[6]. - The company is addressing market distribution imbalances and raw material price volatility risks in its seasoning business[37]. Environmental Compliance - The company has implemented an online monitoring system for pollutants such as COD, pH, and nitrogen oxides, ensuring real-time compliance with environmental standards[50]. - The actual COD discharge from Guangdong Meiwei Xian was 9.723 tons in the first half of 2021, significantly below the permitted amount of 74.095 tons[44]. - The company has completed environmental impact assessments for new projects, including the establishment of the Chubang Food Research Institute and hot pot base material projects, expected to be approved by December 2021[47]. Shareholder Information - The company committed to not selling its shares below RMB 2.9 during the lock-up period of 36 months following the equity division reform[54]. - As of July 16, 2021, the company completed the repurchase of 14,388,000 shares, representing 1.81% of the total share capital, at an average price of RMB 41.694 per share[63]. - The company initiated a share repurchase plan with a total fund of no less than RMB 300 million and no more than RMB 600 million, with a maximum repurchase price of RMB 60.00 per share[63]. Accounting and Financial Reporting - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[102]. - The company applies a unified accounting policy for consolidated financial statements, reflecting the overall financial status, operating results, and cash flows of the group[107]. - The company recognizes revenue when control of goods or services is transferred to the customer, which is when the customer can direct the use and obtain almost all economic benefits[159].

Financial Performance - Net profit attributable to shareholders decreased by 15.17% to CNY 174,996,448.44 year-on-year[4] - Operating income rose by 9.51% to CNY 1,263,086,512.55 compared to the same period last year[4] - The net profit for Q1 2021 was 187 million CNY, a decrease of 16.37% compared to the previous year[15] - The company's net profit for Q1 2021 was approximately ¥186.90 million, a decrease of 16.4% compared to ¥223.49 million in Q1 2020[23] - Operating profit for Q1 2021 decreased to ¥215,819,409.54, down 18.0% from ¥263,320,709.70 in Q1 2020[22] - The company's total comprehensive income for Q1 2021 was approximately ¥186.91 million, down from ¥223.56 million in Q1 2020, a decline of 16.4%[23] Assets and Liabilities - Total assets increased by 9.66% to CNY 7,302,221,792.70 compared to the end of the previous year[4] - The company's current assets totaled CNY 4,725,578,532.41, compared to CNY 4,098,642,252.01 in the previous year, indicating an increase of about 15.3%[17] - Total liabilities reached CNY 2,123,670,160.78, compared to CNY 1,667,284,387.78 in the previous year, representing an increase of about 27.3%[19] - Total assets amounted to approximately ¥6.66 billion, with current assets at ¥4.10 billion and non-current assets at ¥2.56 billion[32] - Total liabilities reached approximately ¥1.67 billion, with current liabilities at ¥1.56 billion and non-current liabilities at ¥109.93 million[33] Cash Flow - Net cash flow from operating activities decreased by 41.22% to CNY 232,435,494.04 year-on-year[4] - Cash received from operating activities increased by 83.74% to 9.02 million CNY[10] - The net cash flow from operating activities for Q1 2021 was CNY 232,435,494.04, a decrease of 41.2% compared to CNY 395,405,038.67 in Q1 2020[27] - Cash inflow from operating activities in Q1 2021 was ¥1.48 billion, compared to ¥1.35 billion in Q1 2020, showing an increase of 9.5%[26] - The cash inflow from operating activities was CNY 376,228,820.67, significantly higher than CNY 160,931,230.36 in Q1 2020, reflecting an increase of 133.3%[29] Shareholder Information - The number of shareholders reached 55,831 at the end of the reporting period[7] - The top shareholder, Zhongshan Runtian Investment Co., Ltd., holds 24.92% of the shares[7] Research and Development - Research and development expenses increased by 36.46% to CNY 41,777,447.63 compared to the same period last year[9] - Research and development expenses for Q1 2021 were ¥41,777,447.63, an increase of 36.3% compared to ¥30,614,049.28 in Q1 2020[22] Borrowings and Financing - Short-term borrowings increased by 110.97% to CNY 760,000,000.00 compared to the beginning of the year[9] - The company received CNY 400,000,000.00 in borrowings during Q1 2021, compared to CNY 200,000,000.00 in the same period last year, marking a 100% increase[27] - The net cash flow from financing activities was CNY 394,533,750.01, a significant improvement compared to a negative CNY -222,537,500.00 in Q1 2020[27] Investment Income - Investment income decreased by 50.38% to 6.46 million CNY compared to the previous period[10] - Investment income for Q1 2021 was ¥5.07 million, a decrease from ¥11.68 million in Q1 2020, indicating a decline of 56.6%[24] - The company experienced a 3024.78% decrease in investment income from associates and joint ventures, resulting in a loss of 161,849.02 CNY[10]

Financial Performance - The company's operating revenue for 2020 was ¥5,123,374,813.83, representing a 9.59% increase compared to ¥4,674,844,437.35 in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥889,931,677.24, an increase of 23.96% from ¥717,943,134.48 in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥896,861,489.78, up 30.07% from ¥689,521,439.63 in 2019[16]. - Basic earnings per share increased by 23.96% to CNY 1.1171 in 2020 compared to CNY 0.9012 in 2019[17]. - The weighted average return on equity rose to 20.96%, an increase of 1.54 percentage points from 2019[17]. - The gross profit margin for the main business of condiments was 41.51%, an increase of 2.04 percentage points year-on-year[34]. - The company’s net profit attributable to ordinary shareholders for 2020 was 54,171.33 million RMB, representing a net profit margin of 60.87%[74]. - The company reported a total comprehensive income of ¥971,401,471.43 for 2020, compared to ¥791,365,595.06 in 2019, reflecting a growth of 22.7%[193]. Cash Flow and Investments - The net cash flow from operating activities for 2020 was ¥1,000,999,170.24, a decrease of 5.47% compared to ¥1,058,869,197.81 in 2019[16]. - The company reported a net cash flow from operating activities of CNY 382,258,718.62 in Q1 2020[20]. - The net cash outflow from investment activities was ¥1.125 billion, an increase of ¥997 million year-on-year, primarily due to adjustments in investment structure[45]. - Cash inflow from investment activities totaled RMB 7,142,056,615.56, compared to RMB 7,013,848,250.46 in 2019[200]. - Cash outflow from investment activities was RMB 8,267,155,754.71, an increase from RMB 7,141,475,427.22 in 2019[200]. - Cash inflow from financing activities was RMB 560,000,000.00, up from RMB 109,878,000.00 in 2019[200]. Assets and Liabilities - The total assets at the end of 2020 were ¥6,658,923,560.27, an increase of 11.84% from ¥5,953,726,937.24 at the end of 2019[16]. - The net assets attributable to shareholders at the end of 2020 were ¥4,615,875,380.59, a 16.89% increase from ¥3,948,972,297.92 at the end of 2019[16]. - The total liabilities decreased to ¥1,639,260,644.39 in 2020 from ¥1,866,907,928.87 in 2019, a reduction of 12.2%[188]. - The company's total current assets amounted to CNY 2,197,360,392.79, up from CNY 1,859,901,993.37, indicating a growth of approximately 18.2%[187]. - The total equity attributable to shareholders rose to CNY 4,991,639,172.49 from CNY 4,245,796,115.38, marking an increase of about 17.6%[185]. Production and Sales - Total revenue from the seasoning food business accounted for 97.16% of the company's overall revenue in 2020[24]. - The total production volume of seasoning products reached approximately 697,300 tons, with sales of 696,400 tons in 2020[24]. - Soy sauce sales contributed 63.34% to the total revenue of the seasoning food business[24]. - The sales revenue of the Meiwai Xian segment was 4.978 billion yuan, with a year-on-year increase of 11.42%[33]. - The revenue from edible oil was CNY 602,867,240.26, showing a significant growth of 34.99% compared to the previous year[54]. Research and Development - The company established the Chubang Food Research Institute to enhance R&D capabilities and accelerate new product development[32]. - The company's R&D expenses amounted to ¥154.13 million, representing 3.01% of total revenue, with an increase of 4.72% year-on-year[44]. - The company is investing 200 million RMB in research and development for new technologies aimed at enhancing product efficiency[141]. Marketing and Distribution - The company has over 1,400 distributors, achieving a national development rate of 89.02% in prefecture-level cities and 51.04% in county-level markets[30]. - The company’s marketing network is expanding rapidly, with a focus on e-commerce and export sales, creating a comprehensive multi-channel marketing strategy[30]. - The company’s brand "Chubang" has gained widespread recognition, supported by effective marketing strategies that combine traditional and new media[29]. Future Plans and Goals - The company aims to achieve an annual revenue of over 10 billion yuan and an annual production and sales volume exceeding 1 million tons by 2023 as part of its five-year "double hundred" goal[65]. - For 2021, the company targets a revenue of 6.1 billion yuan, representing a year-on-year increase of 19.06%, and a net profit of 985 million yuan, with a year-on-year growth of 10.68%[66]. - The company plans to continue expanding its production capacity and technology upgrades, with ongoing investments in the Zhongshan plant[58]. Risk Management - The company has described the risks it faces in the annual report, which investors are advised to pay attention to[7]. - The company recognizes potential risks in its urban development projects, particularly regarding the uncertainty of land development plans[70]. - The company faces market distribution imbalances and raw material price volatility risks that could impact growth and profit margins[70]. Corporate Governance - The company has appointed Lixin Accounting Firm with a remuneration of CNY 689,000 for auditing services[86]. - The company has established a training system to enhance employees' skills and knowledge, aligning with its development plans[149]. - The board of directors held six meetings during the reporting period, ensuring compliance with relevant laws and regulations[152].

Financial Performance - Net profit attributable to shareholders increased by 22.40% to CNY 667,808,603.59 year-to-date[5] - Operating revenue for the first nine months rose by 7.90% to CNY 3,809,589,962.59 compared to the same period last year[5] - Basic earnings per share increased by 22.40% to CNY 0.8383[5] - The net profit for the first three quarters of 2020 was RMB 728 million, an increase of RMB 128 million, with a year-on-year growth of 21.27%[19] - The net profit attributable to the parent company for Meiwai Xian Company was RMB 671 million, an increase of RMB 128 million, representing a growth of 23.67%[19] - Net profit for Q3 2020 reached 231,323,238.09 RMB, compared to 194,090,566.57 RMB in Q3 2019, marking an increase of about 19.2%[30] - The net profit attributable to shareholders of the parent company for Q3 2020 was 212,752,241.11 RMB, compared to 179,532,247.58 RMB in Q3 2019, marking an increase of about 18.5%[30] Assets and Liabilities - Total assets increased by 2.91% to CNY 6,127,069,088.07 compared to the end of the previous year[5] - Cash and cash equivalents increased to ¥1,350,551,173.89, a growth of 93.26% compared to the beginning of the year[11] - Total liabilities decreased to RMB 1.38 billion from RMB 1.71 billion at the end of 2019[24] - The company's total liabilities decreased to ¥1,952,919,414.52, compared to ¥1,866,907,928.87 in Q3 2019, reflecting an increase of 4.6%[27] - The company's total equity decreased to ¥1,815,989,118.16 from ¥2,045,504,899.85 in the previous year, a decline of 11.2%[27] Cash Flow - Net cash flow from operating activities decreased slightly by 0.82% to CNY 891,739,117.69 year-to-date[5] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 4,258,375,766.16, compared to CNY 4,029,563,906.12 in the same period of 2019, representing an increase of approximately 5.67%[35] - The cash inflow from investment activities for the first three quarters of 2020 was CNY 4,399,342,414.91, compared to CNY 5,604,756,748.94 in 2019, reflecting a decrease of approximately 21.5%[36] - The total cash outflow from financing activities for the first three quarters of 2020 was CNY 949,027,270.77, compared to CNY 738,815,656.65 in 2019, showing an increase of about 28.4%[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,822[9] - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., holds 24.92% of the shares[9] Investments and Future Plans - The company plans to upgrade its Zhongshan factory to achieve an annual production capacity of 584,300 tons, increasing revenue by approximately ¥1,575,000,000 and net profit by ¥355,000,000[17] - The company has made substantial investments in long-term equity, amounting to approximately $1.52 billion[44] Other Financial Indicators - The weighted average return on net assets increased by 1.40 percentage points to 16.06%[5] - Other income increased by 81.61% to ¥22,150,897.49, driven by government subsidies[15] - The company reported a decrease in interest expenses by 79.66% to ¥8,585,312.98[15] - The company has not disclosed any significant changes in accounting items or financial indicators[10]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,554,392,490.86, representing a 6.78% increase compared to CNY 2,392,154,186.39 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 455,056,362.48, an increase of 24.31% from CNY 366,055,897.87 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 441,683,406.10, reflecting a 27.48% increase compared to CNY 346,466,331.36 in the same period last year[15]. - The net cash flow from operating activities was CNY 672,646,261.82, showing a slight decrease of 0.19% from CNY 673,957,520.05 in the previous year[15]. - The total assets at the end of the reporting period were CNY 5,989,111,122.43, a 0.59% increase from CNY 5,953,726,937.24 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company were CNY 4,180,997,011.07, which is a 5.88% increase from CNY 3,948,972,297.92 at the end of the previous year[15]. - Basic earnings per share for the first half of 2020 were CNY 0.5712, up 24.31% from CNY 0.4595 in the same period last year[16]. - The weighted average return on net assets increased to 11.09%, up 1.43 percentage points from 9.66% in the previous year[16]. Revenue Breakdown - The seasoning food business accounted for 97.53% of the company's total revenue in the first half of 2020, with sales volume reaching 339,600 tons[20]. - Soy sauce sales contributed 64.04% to the total revenue of the seasoning food segment, while chicken essence and powder accounted for 8.54% and edible oil for 12.18%[20]. - The company has a production capacity of approximately 326,500 tons in the first half of 2020, with a production volume of about 326,500 tons and sales volume of 339,600 tons[20]. Strategic Initiatives - The company has disclosed its future development plans in the report, but these forward-looking statements do not constitute a substantive commitment to investors[4]. - The company plans to enhance its marketing efforts in the catering market, with the direct sales proportion accounting for 2.80% of total revenue in the first half of 2020[22]. - The company is focusing on expanding its presence in lower-tier markets and enhancing its product series to meet consumer demands[26]. - The company is actively developing new marketing strategies, including live streaming sales, to enhance brand influence and sales performance[26]. Investment and Assets - The company owns 185,000 square meters of property within the national-level Zhongshan Torch High-tech Industrial Development Zone, which has been fully developed over nearly 30 years[21]. - The company is constructing a food technology incubation cluster with a total building area of no more than 215,000 square meters, expected to be completed in 2022, significantly increasing rental property area[21]. - The company invested a total of ¥15.48 billion in the Yangxi base and food production projects during the reporting period[32]. - Cumulative investment in the Yangxi Meiwai Xian food production project reached ¥3.44 billion by the end of the reporting period[33]. Financial Position - The total assets reached 5,989,111,122.43 RMB, up from 5,953,726,937.24 RMB at the end of the previous year[71]. - The company’s total liabilities decreased to 1,363,865,198.83 RMB from 1,600,294,936.68 RMB at the end of the previous year[71]. - The total equity attributable to shareholders at the end of the first half of 2020 was RMB 4,245,796,115.38, an increase of RMB 271,301,378.64 compared to the previous period[88]. - The company's retained earnings for the first half of 2020 were RMB 2,748,463,862.97, reflecting a decrease of RMB 231,997,948.16[88]. Cash Flow and Financing - The company reported a cash outflow of CNY 944,935,750.53 for investment activities, down from CNY 1,859,776,801.35, indicating a reduction in capital expenditures[86]. - The cash flow from financing activities showed a net outflow of CNY 554,069,381.90, contrasting with a net inflow of CNY 85,386,547.84 previously, marking a shift in financing strategy[84]. - The company received CNY 210,000,000.00 from borrowings, an increase from CNY 109,878,000.00, indicating a strategy to enhance liquidity through debt financing[84]. Risk Factors - The company faces risks in park comprehensive development due to uncertainties in regulatory planning, which may affect development progress and area expectations[37]. - The company’s condiment business continues to grow but faces market distribution and channel development imbalances, which could hinder future growth[37]. - The company has implemented strict quality control measures in food safety, but risks remain in product quality assurance[38]. Environmental Compliance - The company has a total of 2 wastewater treatment plants with a combined design capacity of 6,000 m³/day, operating 24 hours continuously[52]. - The treated wastewater meets the Guangdong Province's discharge standards before being released into the municipal sewage network[52]. - The company has complied with environmental discharge standards, with no instances of exceeding pollution limits reported[50]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 26,450[57]. - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., holds 198,520,905 shares, accounting for 24.92% of the total shares[58]. Accounting Policies - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[100][102]. - The company recognizes revenue, expenses, and profits from disposed subsidiaries or businesses in the consolidated income statement from the beginning of the period until the disposal date[106]. - The company assesses expected credit losses for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income, based on significant increases in credit risk since initial recognition[116].

Financial Performance - Net profit attributable to shareholders increased by 8.94% to CNY 206,286,505.32 year-on-year[4] - Operating revenue decreased by 6.32% to CNY 1,153,354,570.47 compared to the same period last year[4] - Cash flow from operating activities decreased by 0.93% to CNY 382,258,718.62 year-on-year[4] - The weighted average return on equity decreased by 0.31 percentage points to 5.09%[4] - The basic earnings per share increased by 8.92% to CNY 0.2589[4] - The company reported a significant increase in other income, totaling CNY 200 million, up 227.16% year-on-year[10] - The company experienced a 60.16% increase in other expenses, amounting to CNY 1.306 billion[10] - The total profit for Q1 2020 was CNY 262,214,631.61, an increase of 5.5% compared to CNY 249,432,584.45 in Q1 2019[26] - The company achieved a gross profit margin of approximately 41.5% in Q1 2020, compared to 39.2% in Q1 2019[25] - The total comprehensive income for Q1 2020 was CNY 223,561,300.04, compared to CNY 212,515,238.55 in Q1 2019, indicating a growth of 5.2%[26] Assets and Liabilities - Total assets increased by 0.97% to CNY 6,011,632,215.29 compared to the end of the previous year[4] - Total liabilities decreased to CNY 1,433,612.21 million from CNY 1,600,294.94 million in the previous year[21] - The company's total assets reached CNY 6,011,632.22 million, up from CNY 5,953,726.94 million at the end of 2019[21] - Total liabilities amounted to approximately ¥1,596,225,478.53, a decrease of about 14.5% compared to ¥1,866,907,928.87 in the previous period[24] - Total current assets amounted to CNY 3,596,814.69 million, an increase from CNY 3,524,605.01 million at the end of 2019[20] - The company's cash and cash equivalents increased to CNY 905,625.67 million from CNY 698,822.70 million year-over-year[20] - The total owner's equity reached ¥4,469,357,415.42, compared to ¥4,245,796,115.38, indicating a growth of about 5.3%[22] Revenue Breakdown - In Q1 2020, the total revenue was CNY 1.153 billion, a decrease of CNY 78 million or 6.32% year-on-year[10] - Soy sauce revenue dropped significantly by 33.38% to CNY 9,209.16 million from CNY 13,822.65 million year-over-year[17] - Chicken essence and powder revenue increased by 21.12% to CNY 13,908.35 million compared to CNY 11,482.98 million in the previous year[17] - The eastern region's revenue decreased by 10.71% to CNY 24,195.43 million from CNY 27,096.32 million year-over-year[18] - The central and western regions saw a revenue increase of 20.73% to CNY 25,721.21 million compared to CNY 21,305.24 million in the previous year[18] Shareholder Information - The number of shareholders reached 28,523 at the end of the reporting period[6] - The total number of distributors at the end of the reporting period was 1,132, with a net increase of 81 distributors during the period[18] Investment and Expansion Plans - The company plans to upgrade and expand the Meiwai Xian Zhongshan plant, increasing production capacity by 270,000 tons annually, with projected annual sales revenue of CNY 3.996 billion and net profit of CNY 785 million[10] - The company reported a long-term investment in fixed assets of approximately $1.42 billion, reflecting ongoing capital expenditures[35] Cash Flow and Financing - The company raised ¥200,000,000.00 from borrowings in Q1 2020, while cash outflow for debt repayment was ¥400,000,000.00[30] - The net cash flow from financing activities was -$422.1 million, a decrease of $22 million compared to the previous period[33] - The company recorded cash outflow from operating activities totaling ¥961,567,037.37, compared to ¥1,059,490,169.84 in Q1 2019, indicating a reduction of about 9.2%[30] Other Financial Metrics - Research and development expenses for Q1 2020 were CNY 30,614,049.28, a decrease of 15.6% compared to CNY 36,297,360.87 in Q1 2019[25] - Financial expenses decreased significantly to CNY 6,367,760.93, down 63.1% from CNY 17,227,082.41 in the previous year[25] - The company reported an investment income of CNY 13,020,934.56, down 41.0% from CNY 22,075,925.21 in Q1 2019[25]

Financial Performance - The company's operating revenue for 2019 was CNY 4,674,844,437.35, representing a 12.20% increase compared to CNY 4,166,464,950.31 in 2018[21] - The net profit attributable to shareholders for 2019 was CNY 717,943,134.48, an increase of 18.19% from CNY 607,427,021.81 in 2018[21] - The cash flow from operating activities for 2019 was CNY 1,058,869,197.81, showing a significant increase of 46.34% compared to CNY 723,569,594.03 in 2018[21] - The basic earnings per share for 2019 was CNY 0.9012, up 18.19% from CNY 0.7625 in 2018[22] - The diluted earnings per share for 2019 was also CNY 0.9012, reflecting the same growth rate of 18.19%[22] - The weighted average return on equity for 2019 was 19.42%, an increase of 1.35 percentage points from 18.07% in 2018[22] - The net profit after deducting non-recurring gains and losses for 2019 was CNY 689,521,439.63, which is a 20.59% increase from CNY 571,813,500.61 in 2018[21] - The company achieved total revenue of 4.675 billion RMB, an increase of 5.08 billion RMB, representing a growth of 12.20% year-on-year[43] - The main business revenue reached 4.626 billion RMB, accounting for 98.96% of total revenue, with a year-on-year increase of 6.13 billion RMB, or 15.26%[43] - The net profit attributable to the parent company was 7.18 billion RMB, an increase of 1.11 billion RMB, reflecting an 18.19% growth compared to the previous year[43] Revenue Breakdown - In 2019, the company's revenue from the seasoning food business accounted for 95.6% of total revenue, with a production volume of approximately 603,000 tons and sales of 610,000 tons[28] - The sales revenue of soy sauce represented 64.92% of the total revenue from seasoning products, while chicken essence and powder accounted for 11.87%[28] - The company's seasoning sales revenue for 2019 was RMB 4,436.85 million, accounting for 94.91% of total revenue, an increase of 3.29% compared to the previous year[190] Cash and Dividends - The company plans to distribute a cash dividend of CNY 2.8 per 10 shares, totaling CNY 223,058,414.32, subject to shareholder approval[5] - The company distributed cash dividends of 22,305.84 million RMB in 2019, representing 31.07% of the net profit attributable to ordinary shareholders[102] - In 2018, the cash dividends amounted to 18,322.66 million RMB, accounting for 30.16% of the net profit attributable to ordinary shareholders[102] Assets and Liabilities - The total assets at the end of 2019 were CNY 5,953,726,937.24, a slight decrease of 0.50% from CNY 5,983,687,463.75 at the end of 2018[21] - The company reported a net asset attributable to shareholders of CNY 3,948,972,297.92 at the end of 2019, a 9.55% increase from CNY 3,604,791,230.11 at the end of 2018[21] - The company's total liabilities decreased by 15.79% for non-current liabilities due within one year, amounting to 4.20 billion yuan[63] - The company's asset-liability ratio decreased to 28.69% in 2019 from 34.02% in 2018, a reduction of 15.67%[181] Research and Development - R&D expenses increased by 20.78% to 147 million RMB, reflecting the company's commitment to innovation and technology advancement[45] - The company established several research and development platforms, including a provincial-level technology center and a national key laboratory, to enhance its technological competitiveness[37] - The total R&D investment was 147.19 million yuan, accounting for 3.15% of operating revenue[56] - The company has a total of 4,667 employees, with 84 in the parent company and 4,583 in major subsidiaries[159] Market Strategy and Expansion - The company plans to enhance its marketing efforts in the catering market, which is gradually increasing its consumption proportion[30] - The company aims to support innovation and development within the industrial park by attracting small and medium-sized enterprises[31] - The company plans to focus on differentiated product customization and market segmentation to drive healthy and rapid growth in the seasoning business[88] - The company is actively pursuing market expansion strategies in emerging markets to diversify its revenue streams[153] Environmental Compliance - The actual COD discharge for wastewater was 23.815 tons, well below the permitted limit of 74.095 tons[129] - The company has not exceeded any pollution discharge standards in 2019, maintaining compliance with environmental regulations[129] - The treated wastewater from both companies meets the discharge standards, which are stricter than the tertiary standards, before being released into the Yangjiang Port area[132] Corporate Governance - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, fully complying with the relevant regulations[170] - The board of directors convened 11 meetings, with all directors fulfilling their duties diligently and responsibly[165] - The supervisory board held 5 meetings, ensuring compliance and oversight of the company's financial activities[166] - The company revised its Articles of Association to enhance governance and operational standards[171] Future Outlook - For 2020, the company expects to achieve a revenue of 5.3 billion yuan, representing a year-on-year increase of 13.3%, and a net profit of 920 million yuan, with a parent net profit of 834 million yuan, reflecting a year-on-year growth of 16%[91] - Future guidance suggests an optimistic outlook, projecting a revenue growth of 10% for the upcoming fiscal year[152]

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 545,588,145.45, representing a year-on-year increase of 12.32%[5] - Operating income for the period was CNY 3,530,582,085.17, an increase of 11.57% compared to the same period last year[5] - Net cash flow from operating activities reached CNY 888,046,772.03, up 43.92% year-on-year[5] - Basic earnings per share increased to CNY 0.6849, reflecting a growth of 12.33% compared to the previous year[6] - The weighted average return on net assets was 14.66%, an increase of 0.03 percentage points from the previous year[5] - The company reported a net profit decline due to various operational challenges[15] - The company’s net profit attributable to shareholders for the first nine months of 2019 was -23.08 million yuan, a decrease of 38.90 million yuan year-on-year; for the third quarter, the net profit was -5.98 million yuan, a year-on-year reduction of 4.84 million yuan, representing a decrease of 44.74%[18] - Meiwoxian Company achieved a net profit attributable to shareholders of 543 million yuan for the first nine months of 2019, an increase of 87 million yuan year-on-year, with a growth rate of 19.08%; in the third quarter, the net profit was 181 million yuan, an increase of 27 million yuan year-on-year, with a growth rate of 17.53%[18] - Zhonghui Hechuang reported a net profit attributable to shareholders of 24.26 million yuan for the first nine months of 2019, an increase of 11 million yuan year-on-year, with a growth rate of 82.96%; in the third quarter, the net profit was 4.25 million yuan, an increase of 380,000 yuan year-on-year, with a growth rate of 9.82%[18] - Zhongju Jinggong Company recorded a net profit attributable to shareholders of 1.934 million yuan for the first nine months of 2019, a decrease of 260,000 yuan year-on-year, representing a decline of 1.33%; however, in the third quarter, the net profit was 924,000 yuan, an increase of 384,000 yuan year-on-year, with a growth rate of 71.11%[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,752,968,119.17, a decrease of 3.86% compared to the end of the previous year[5] - Total current assets as of September 30, 2019, amounted to ¥3,364,177,522.66, a decrease of 7.06% from ¥3,620,842,781.82 on December 31, 2018[27] - Total liabilities as of September 30, 2019, were ¥1,697,908,506.14, down from ¥2,035,888,711.85, a decrease of 16.61%[29] - Total equity increased to ¥4,055,059,613.03 from ¥3,947,798,751.90, reflecting an increase of 2.73%[29] - The company reported a total asset value of ¥5,752,968,119.17 as of September 30, 2019, down from ¥5,983,687,463.75, a decrease of 3.86%[29] - Total liabilities rose to ¥1,548,064,601.64 in Q3 2019, compared to ¥1,219,922,233.36 in Q3 2018, marking a significant increase of 27%[33] - The company's equity decreased to ¥2,059,790,839.45 in Q3 2019 from ¥2,266,096,237.32 in Q3 2018, a decline of 9.1%[33] Revenue and Income - Revenue for the main company decreased by 75.18% to $34 million from $1.03 billion year-on-year[17] - Revenue for Meiwai Xian company increased by 14.97% to $3.36 billion from $4.37 million year-on-year[17] - Revenue for Zhonghui Hechuang company increased by 71.37% to $78.49 million from $32.69 million year-on-year[17] - Revenue for Zhongju Jinggong company decreased by 2.89% to $56.79 million from $169,000 year-on-year[17] - Total operating revenue for Q3 2019 reached ¥1,138,427,898.78, an increase of 14.9% compared to ¥990,505,544.40 in Q3 2018[34] - Total operating costs for Q3 2019 were ¥932,705,320.07, up 14.3% from ¥815,963,809.73 in Q3 2018[34] - Net profit for Q3 2019 was ¥194,090,566.57, representing a 18.5% increase from ¥163,705,810.89 in Q3 2018[35] Cash Flow - Cash inflow from operating activities for the first three quarters of 2019 was CNY 4,029,563,906.12, an increase of 15.1% compared to CNY 3,501,263,519.80 in the same period of 2018[39] - Net cash flow from operating activities was CNY 888,046,772.03, up 43.9% from CNY 617,021,213.60 year-over-year[39] - Cash inflow from investment activities totaled CNY 5,604,756,748.94, a 23.6% increase from CNY 4,536,569,145.25 in the previous year[40] - Cash outflow for financing activities was CNY 738,815,656.65, compared to CNY 218,709,488.58 in the previous year, indicating increased financing efforts[40] - The net increase in cash and cash equivalents was CNY 264,494,341.93, significantly higher than CNY 88,114,239.30 in the same period of 2018[40] Shareholder Information - The company reported a total of 25,593 shareholders at the end of the reporting period[8] - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., held 198,520,905 shares, accounting for 24.92% of the total shares[8] Strategic Initiatives - The company is currently involved in arbitration regarding the acquisition of a 20% stake in Guangdong Chubang Food Co., Ltd.[15] - The company has set a future outlook with a revenue target of 100 million for Q4 2019, indicating a growth strategy[21] - Market expansion efforts are evident, with a 30 million investment in new branches planned for 2019[21] - The company is exploring acquisition opportunities, with a focus on increasing market share by 20% in the next fiscal year[21] - Research and development expenditures have increased to 1,681,839.53, reflecting a commitment to innovation[21] - The company aims to enhance user engagement, targeting a 15% increase in active users by the end of 2019[21] - A strategic partnership is being pursued to leverage technology advancements, with an initial investment of 50 million planned[21] - The company anticipates a 10% increase in overall market penetration by Q2 2020[21]