投资者可于 2023 年 3 月 16 日（星期四）至 3 月 22 日（星期三）16:00 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 （ir@milkland.com.cn）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。 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）将于 2023 年 3 月 23 日发布公司 2022 年年度报告，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 年 3 月 23 日下午 15:00-16:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 会议召开时间：2023 年 3 月 23 日（星期四）下午 15:00-16:00 会议召开地点：上证路演中心（网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 证券代码：600882 证券 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,235,301,738.27, representing a year-on-year increase of 14.68%[7] - The net profit attributable to shareholders for Q3 2022 was ¥11,647,180.11, a decrease of 63.03% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥27,443,409.89, reflecting a decline of 186.17% year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.023, down 62.30% from the previous year[9] - The diluted earnings per share for Q3 2022 was also ¥0.023, a decrease of 62.30% compared to the same period last year[9] - The weighted average return on equity for Q3 2022 was 0.26%, a decrease of 0.42 percentage points year-on-year[9] - Total operating revenue for the first three quarters of 2022 reached ¥3,829,262,745.33, an increase of 21.8% compared to ¥3,144,456,103.33 in the same period of 2021[32] - Total operating costs for the first three quarters of 2022 were ¥3,699,934,993.93, up from ¥2,982,910,846.52 in 2021, reflecting a year-over-year increase of 24.1%[35] - Net profit for the third quarter of 2022 was ¥168,992,235.13, compared to ¥156,820,923.48 in the same quarter of 2021, indicating a growth of 8.0%[39] - The company's earnings per share (EPS) for the third quarter of 2022 was ¥0.283, a slight decrease from ¥0.320 in the same quarter of 2021[41] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥7,218,726,067.84, an increase of 7.79% from the end of the previous year[9] - Total current assets as of September 30, 2022, amounted to 4,218,551,437.42 RMB, an increase from 3,884,179,722.14 RMB at the end of 2021[25] - Total assets reached 7,218,726,067.84 RMB, up from 6,696,792,433.17 RMB at the end of 2021[28] - Total liabilities increased to 1,915,087,608.18 RMB from 1,433,328,193.50 RMB year-over-year[28] - The total liabilities increased to ¥2,280,266,021.33 in 2022 from ¥1,790,633,146.17 in 2021, representing a growth of 27.3%[30] - The total equity attributable to shareholders of the parent company was ¥4,514,527,950.53, a marginal increase from ¥4,511,600,990.82 in the previous year[30] - Total liabilities increased to ¥2,271,384,895.45 from ¥1,437,573,589.57, marking an increase of approximately 58%[52] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥304,479,107.96, a decrease of 414.91% compared to the same period last year[9] - Operating cash inflow for the first three quarters of 2022 reached RMB 4,296,126,521.14, an increase of 19.8% compared to RMB 3,583,153,667.69 in the same period of 2021[43] - Net cash flow from operating activities was negative RMB 304,479,107.96, a decline from a positive RMB 96,687,794.92 in the previous year[44] - Total cash outflow from investment activities amounted to RMB 4,860,357,822.86, compared to RMB 1,223,038,540.08 in the same period last year[44] - Cash flow from financing activities generated a net inflow of RMB 510,206,890.42, down from RMB 2,822,995,486.20 in the previous year[44] - The company's cash flow from operating activities showed a negative trend, impacting overall liquidity[62] Shareholder Information - Total number of common shareholders at the end of the reporting period was 46,833[17] - The largest shareholder, Inner Mongolia Mengniu Dairy Industry (Group) Co., Ltd., holds 154,862,955 shares, accounting for 30.00% of total shares[17] - The second largest shareholder, Chai Xiu, holds 76,103,632 shares, representing 14.74% of total shares, with 76,100,000 shares pledged[17] Research and Development - Research and development expenses for the third quarter of 2022 were ¥30,578,704.53, compared to ¥28,899,012.65 in the same quarter of 2021, reflecting a year-over-year increase of 5.8%[35] - Research and development expenses were reported at ¥608,534.00, indicating ongoing investment in innovation despite financial losses[56] Future Outlook - The company attributed the decline in net profit to the impact of the pandemic, which slowed the growth of high-margin products and increased costs due to rising raw material prices[13] - The company plans to focus on market expansion and new product development to drive future growth[59]

Financial Performance - The company's revenue for the first half of 2022 reached ¥2,593,961,007.06, representing a 25.48% increase compared to ¥2,067,252,692.02 in the same period last year[22]. - Net profit attributable to shareholders was ¥132,012,266.41, an increase of 18.03% from ¥111,847,987.39 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥115,849,322.45, showing a 4.29% increase from ¥111,087,611.72 year-on-year[22]. - Basic earnings per share for the first half of the year were CNY 0.260, a decrease of 3.70% compared to CNY 0.270 in the same period last year[24]. - Diluted earnings per share also stood at CNY 0.260, reflecting a 3.70% decline year-over-year[24]. - The weighted average return on equity decreased to 2.99%, down 4.17 percentage points from 7.16% in the previous year[24]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥174,713,665.81, a significant decrease compared to a positive cash flow of ¥25,628,302.84 in the same period last year, reflecting a decline of 781.72%[22]. - The total assets at the end of the reporting period were ¥7,155,283,570.97, which is a 6.85% increase from ¥6,696,792,433.17 at the end of the previous year[22]. - The net assets attributable to shareholders decreased slightly by 0.49% to ¥4,489,579,676.52 from ¥4,511,600,990.82 at the end of the previous year[22]. - The company's inventory increased by 31.16% to ¥686,017,977.58, up from ¥523,031,690.31, as a response to rising raw material prices[112]. - Short-term borrowings increased by 174.29% to ¥960,000,000.00 from ¥350,000,000.00, indicating a strategy to enhance liquidity[112]. Revenue Breakdown - The cheese segment generated revenue of CNY 2,041.84 million, up 34.11% year-on-year, and accounted for 78.88% of total revenue, an increase of 5.12 percentage points[57]. - The gross profit from cheese products was CNY 894.77 million, representing 95.31% of the total gross profit, which is an increase of 1.97 percentage points year-on-year[57]. - The liquid milk segment contributed CNY 181.87 million in revenue, which is a decrease of 16.24% compared to the previous year[56]. - The trading segment's revenue was CNY 364.81 million, showing an increase of 6.05% year-on-year[56]. - The ready-to-eat nutrition cheese series generated revenue of 1.42 billion yuan, a year-on-year growth of 21.93%[81]. Market Position and Strategy - The company achieved a market share of 35.5% in the cheese market as of mid-2022, up from 30.8% in 2021[38]. - The cheese stick market share exceeded 40%, maintaining the company's position as the industry leader[38]. - The retail market size for cheese in China reached CNY 14 billion, with a growth rate of 40% year-over-year[36]. - The company is focusing on expanding its product offerings to meet the diverse needs of consumers, particularly in the cheese segment[33]. - The company maintains a strong focus on cheese products, leveraging its first-mover advantage in the market[46]. Risks and Challenges - The report includes a risk statement regarding potential future risks that may affect the company's performance[7]. - The company faces industry risks due to potential changes in national policies affecting the dairy industry, which could impact market development[121]. - Market risks include intensified competition from international cheese brands entering China, which may pressure profits and sales[122]. - Operational management risks arise from rapid expansion, necessitating improved management efficiency and internal coordination[123]. - Fluctuations in raw material prices, particularly from international markets, pose risks to product profitability and cash flow[124]. Environmental Compliance - The company reported no environmental pollution incidents and received no penalties from environmental protection departments during the reporting period[139]. - The company’s main pollutants include COD, ammonia nitrogen, and total nitrogen, with emissions well below the regulatory standards[139]. - The company has installed online monitoring equipment for wastewater and boiler emissions, ensuring compliance with environmental regulations[145]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills to improve response capabilities[142]. Shareholder and Governance Matters - The company has not disclosed any plans for profit distribution or capital increase during this reporting period[7]. - The company has committed to avoiding any potential competition with its controlling shareholder in the cheese business during the control period[154]. - The controlling shareholder will not seek preferential treatment or rights from the listed company that could harm the interests of other shareholders[156]. - The company has established an independent financial accounting department and a standardized financial management system to ensure independent financial decision-making[159]. - The company has no significant litigation or arbitration matters during the reporting period[164].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,285,991,540.08, representing a year-on-year increase of 35.24%[5] - Net profit attributable to shareholders for Q1 2022 was ¥73,523,741.76, a significant increase of 129.55% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥68,765,152.85, up 118.13% year-on-year[5] - The basic earnings per share for Q1 2022 was ¥0.144, reflecting an increase of 84.62% from the previous year[5] - Total revenue for Q1 2022 reached ¥1,285,991,540.08, a 35.2% increase from ¥950,926,004.79 in Q1 2021[25] - Net profit for Q1 2022 was ¥81,191,046.71, compared to ¥40,359,959.41 in Q1 2021, representing a 100.5% increase[30] - The total comprehensive income for the first quarter of 2022 was CNY 81,191,046.71, compared to CNY 40,359,959.41 in the same period of 2021, representing an increase of 100.5%[32] - Basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.144, up from CNY 0.078 in the first quarter of 2021, reflecting an increase of 84.6%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,735,937,956.06, a slight increase of 0.58% from the end of the previous year[5] - The company's total assets increased to ¥6,735,937,956.06 from ¥6,696,792,433.17, reflecting a growth of 0.6%[25] - Non-current liabilities totaled ¥357,327,971.54, slightly up from ¥357,304,952.67, indicating stability in long-term obligations[25] - The total equity attributable to shareholders decreased to ¥4,371,684,869.03 from ¥4,511,600,990.82, reflecting a decline of 3.1%[25] - The total liabilities rose to ¥1,868,056,002.78, up from ¥1,437,573,589.57, marking an increase of 30.0%[44] - The total equity decreased to ¥3,933,871,763.44 from ¥4,133,100,242.43, a decline of 4.8% year-over-year[44] Cash Flow - The cash flow from operating activities showed a net outflow of ¥131,961,886.19, a decrease of 4,250.31% year-on-year[5] - Cash inflow from operating activities for the first quarter of 2022 was CNY 1,338,350,907.09, compared to CNY 1,116,367,810.17 in the first quarter of 2021, marking an increase of 19.9%[35] - Cash outflow from operating activities totaled CNY 1,470,312,793.28 in the first quarter of 2022, resulting in a net cash flow from operating activities of CNY -131,961,886.19, compared to CNY 3,179,566.77 in the same period of 2021[35] - The net cash flow from investing activities for the first quarter of 2022 was CNY 158,191,514.17, a significant recovery from a net outflow of CNY -161,311,608.60 in the first quarter of 2021[38] - The company reported cash and cash equivalents of CNY 2,503,045,152.36 at the end of March 2022, up from CNY 502,903,786.34 at the end of December 2021, indicating a substantial increase[38] - The net cash flow from operating activities in Q1 2022 was RMB 125,318,880.27, a decrease of 18% from RMB 152,533,619.67 in Q1 2021[53] - Cash inflows from investment activities amounted to RMB 479,262,500.00 in Q1 2022, significantly higher than RMB 14,000,000.00 in Q1 2021[55] - The net cash flow from financing activities in Q1 2022 was RMB 51,337,118.61, improving from a negative cash flow of RMB -21,702,277.79 in Q1 2021[55] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,952[14] - The largest shareholder, Inner Mongolia Mengniu Dairy (Group) Co., Ltd., holds 154,862,955 shares, accounting for 30.00% of total shares[14] - The second-largest shareholder, Chai Xu, holds 76,103,632 shares, representing 14.74% of total shares, with 76,100,000 shares pledged[14] Operational Metrics - The sales revenue from cheese products increased by 49.59% compared to the same period last year, driving overall revenue growth[10] - The company experienced a rise in gross margin and a decrease in marketing expense ratio, contributing to the increase in net profit[10] - Operating costs for Q1 2022 were ¥1,188,258,143.58, up 30.5% from ¥909,949,812.90 in Q1 2021[25] - The gross profit margin decreased, with operating costs rising to ¥602,491,440.60 from ¥373,401,989.41, reflecting a significant increase in costs[48] - The company reported an increase in accounts payable to ¥635,697,414.22 from ¥440,721,405.13, indicating a rise in operational liabilities[44]

Financial Performance - The company's operating revenue for 2021 was approximately CNY 4.48 billion, representing a year-over-year increase of 57.31% compared to CNY 2.85 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately CNY 154.43 million, a significant increase of 160.60% from CNY 59.26 million in 2020[24]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately CNY 121.99 million, up 173.72% from CNY 44.57 million in 2020[24]. - The company's total assets at the end of 2021 were approximately CNY 6.70 billion, reflecting a 116.57% increase from CNY 3.09 billion at the end of 2020[24]. - The basic earnings per share for 2021 was CNY 0.332, an increase of 128.97% compared to CNY 0.145 in 2020[25]. - The weighted average return on equity for 2021 was 4.973%, an increase of 0.428 percentage points from 4.545% in 2020[25]. - The net cash flow from operating activities for 2021 was approximately CNY 437.03 million, a 63.65% increase from CNY 267.05 million in 2020[24]. - The company's net assets attributable to shareholders at the end of 2021 were approximately CNY 4.51 billion, a 203.70% increase from CNY 1.49 billion at the end of 2020[24]. Revenue Breakdown - The cheese segment generated revenue of CNY 333,487.27 million, representing 74.62% of total revenue, with a growth of 60.77% year-on-year[39]. - The liquid milk segment reported revenue of CNY 43,000.73 million, a 4.00% increase, but the gross margin decreased by 4.19 percentage points to 13.73%[51]. - The trade business revenue was CNY 70,399.29 million, accounting for 15.75% of total revenue, with a gross margin increase of 1.92 percentage points to 3.90%[52]. - The overall revenue for the cheese segment reached CNY 3.334 billion, with a gross profit margin of 48.51%, up 3.14 percentage points from the previous year[62]. - The ready-to-eat nutrition cheese series achieved a revenue of CNY 2.513 billion in 2021, representing a year-on-year growth of 70.80%[65]. - The family dining cheese series generated a revenue of CNY 351.48 million, with a year-on-year growth of 6.31%[71]. - The food service industrial cheese series saw a revenue of CNY 469.92 million, marking a significant year-on-year increase of 72.74%[71]. Market Position and Strategy - In 2021, Miaokelan Duo held a 30.8% market share in China's cheese brand sales, ranking first, and a 27.7% share in the retail market, also ranking first[96]. - The retail market size for cheese in China reached 14 billion RMB in 2021, with a year-on-year growth rate of 40%[95]. - The company aims to focus on cheese business and collaborate with Inner Mongolia Mengniu to enhance market expansion and resource sharing[86]. - The company plans to continue focusing on the "cheese-centric" strategy to drive growth in its core cheese product business[104]. - The company aims to become a leading cheese brand in China, focusing on strong channel capabilities and product matrix development[180]. - The company has initiated its second five-year plan to establish the brand "Miaokelan Duo" as a nationally recognized cheese brand[184]. Operational Efficiency and Investments - The company launched the "Shuzhi Miaokelan" initiative to improve operational efficiency, successfully implementing the SAP system across multiple business modules, which has elevated risk management and integrated financial operations[80]. - The company introduced the S&OP system to enhance efficiency and reduce costs, leading to significant improvements in operational efficiency and a decrease in supply chain costs[83]. - The company has established partnerships with major food chains such as Domino's, Burger King, and Nayuki, enhancing its one-stop solution offerings in the restaurant industry[79]. - The company expanded its cheese production capacity to 78,400 tons, a 107.47% increase year-on-year, with the new factory in Shanghai starting operations in April 2021[54]. - The company invested significantly in brand building and marketing, resulting in recognition as a top brand in various industry rankings[72]. Risks and Challenges - The company has faced significant risks as outlined in the "Management Discussion and Analysis" section, which details potential challenges ahead[8]. - The company emphasizes the importance of risk awareness in its forward-looking statements, advising investors to be cautious[7]. - The company faces industry risks due to potential changes in national policies and increasing competition in the cheese market[187]. - Market risks include intensified competition from overseas cheese brands and domestic enterprises, which may pressure profits and sales[188]. - The company is exposed to raw material market volatility, which can impact product profitability and cash flow[192]. - The ongoing COVID-19 pandemic may affect the company's production and sales logistics, posing risks to operational performance[194]. Governance and Compliance - The board of directors and supervisory board members confirmed the authenticity and completeness of the annual report[4]. - The company held 6 shareholder meetings during the reporting period, with all notifications published on time and in compliance with regulations[197]. - The company’s board of directors consists of 9 members, including 3 independent directors, and held 16 board meetings during the reporting period[199]. - The company’s supervisory board has 3 members, including 1 employee representative, and conducted 12 supervisory board meetings during the reporting period[200]. - The company adheres to the "Five Independents" principle in its operations, ensuring independence from the controlling shareholder in assets, personnel, finance, institutions, and business[198].

Financial Performance - The company's revenue for Q3 2021 reached ¥1,077,203,411.31, representing a year-over-year increase of 35.85%[6] - Net profit attributable to shareholders for the same period was ¥31,506,009.33, up 52.77% compared to the previous year[6] - The net profit excluding non-recurring gains and losses was ¥31,847,692.38, reflecting a 56.90% increase year-over-year[6] - Year-to-date revenue as of the end of Q3 2021 totaled ¥3,144,456,103.33, marking a 67.58% increase from the same period last year[6] - Year-to-date net profit attributable to shareholders reached ¥143,353,996.72, which is a significant increase of 171.27% year-over-year[6] - Basic earnings per share for Q3 2021 were ¥0.061, an increase of 22.00% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥3,144,456,103.33, a significant increase of 67.5% compared to ¥1,876,377,998.44 in the same period of 2020[31] - Net profit for the third quarter of 2021 was ¥156,820,923.48, up 167.5% from ¥58,699,367.53 in the third quarter of 2020[34] - The basic earnings per share for the third quarter of 2021 was ¥0.320, compared to ¥0.129 in the same quarter of 2020, representing a growth of 147.3%[36] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥6,462,082,106.07, representing a 108.98% increase from the end of the previous year[9] - The company's total liabilities increased to ¥1,391,867,696.66, compared to ¥1,259,594,663.24 in the previous year, reflecting a growth of 10.5%[30] - The total equity attributable to shareholders of the parent company rose to ¥4,703,666,522.65, compared to ¥1,485,566,761.15 in the previous year, marking a growth of 216.5%[30] - The total assets decreased from $3,305,738,953.88 to $3,092,175,507.59, reflecting a decline of approximately 6.5%[53] - Total liabilities decreased to $1,259,594,663.24 from $1,473,183,070.55, a reduction of approximately 14.5%[50] - Non-current liabilities decreased significantly from $563,971,690.28 to $348,615,461.95, a decrease of about 38.2%[50] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥96,687,794.92, reflecting an increase due to higher sales and collections[9] - The company's cash flow from operating activities was ¥3,505,596,496.61, compared to ¥2,101,703,265.53 in the previous year, indicating a growth of 66.7%[39] - The net cash flow from operating activities was ¥96,687,794.92, a significant improvement compared to a negative cash flow of ¥68,175,154.18 in the same quarter last year, indicating a recovery in operational performance[48] - Total cash inflow from financing activities reached ¥3,605,968,323.75, up from ¥758,474,937.96 year-over-year, reflecting strong capital raising efforts[45] - The company reported a net increase in cash and cash equivalents of ¥1,696,669,841.10, compared to only ¥7,808,493.00 in the previous year, showcasing improved liquidity[45] - Cash outflow for investment activities totaled ¥1,223,038,540.08, significantly higher than ¥307,088,865.74 in the same period last year, indicating increased investment in growth initiatives[44] Inventory and Receivables - The company's current assets reached CNY 3,865,840,297.35, compared to CNY 1,177,612,640.83 in the previous year, indicating significant growth[26] - The company's inventory increased to CNY 483,669,075.86 from CNY 270,484,259.33, reflecting a growth of approximately 79%[26] - The company’s accounts receivable decreased to CNY 104,312,759.94 from CNY 115,909,221.39, a decline of approximately 10%[23] - The company’s prepayments increased to CNY 174,465,137.68 from CNY 113,737,662.82, reflecting a growth of about 53%[26] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥28,899,012.65, an increase from ¥24,305,021.30 in the same period of 2020[31]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥2,067,252,692.02, representing a 90.80% increase compared to ¥1,083,456,812.11 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥111,847,987.39, a significant increase of 247.12% from ¥32,222,089.56 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥111,087,611.72, which is a remarkable increase of 480.61% compared to ¥19,132,796.78 in the same period last year[24]. - The net cash flow from operating activities was ¥25,628,302.84, a recovery from a negative cash flow of -¥118,426,721.16 in the previous year[24]. - The net assets attributable to shareholders of the listed company increased to ¥4,639,141,861.57, a growth of 212.28% compared to the previous year[27]. - Total assets reached ¥6,579,317,931.22, reflecting an increase of 112.77% year-over-year[27]. - Basic earnings per share (EPS) for the reporting period was ¥0.270, up 241.77% from the same period last year[27]. - The weighted average return on equity rose to 7.16%, an increase of 4.65 percentage points compared to the previous year[27]. Cheese Business Performance - The company's cheese segment accounted for 73.76% of total revenue, generating CNY 152,248.38 million, with a gross profit margin of 50.19%, an increase of 3.52 percentage points compared to the previous year[60]. - The company's cheese business achieved a revenue of 152,248.38 million yuan, representing a year-on-year growth of 91.53%[63]. - The gross margin for the cheese segment increased by 3.52 percentage points to 50.19%, contributing to an overall gross margin increase for the main business to 39.66%, up 1.26 percentage points[63]. - The cheese business accounted for 73.76% of the company's main business revenue, slightly up from 73.42% in the previous year[63]. Market and Industry Insights - The domestic dairy industry saw a production increase of 16.55% year-on-year, with a total output of 14.90 million tons in the first half of 2021[32]. - The market share of the company's cheese products reached 19.8% in 2020, ranking second in the domestic market, with the leading brand holding 25.0%[48]. - The domestic cheese market share of domestic brands increased to 24.1% in 2020, with the company's products accounting for 82% of that share[45]. Strategic Initiatives - The company maintains a "focus on cheese" strategy to concentrate resources on the growth potential of cheese products[38]. - The company is integrating its cheese business with Inner Mongolia Mengniu, positioning itself as the sole platform for Mengniu's cheese operations, enhancing its industry leadership[49]. - The company has developed a global procurement network covering Europe, America, and Oceania, which helps mitigate raw material price fluctuations[57]. - The company launched new products, including children's cheese stick ice cream and "Daily Cheese" cheese bars, to expand its product line and consumer base[77]. - A new cheese nutrition and innovation research center was established in collaboration with the Chinese Nutrition Society, enhancing the company's focus on product development and technological innovation[77]. - The company plans to increase cheese production capacity through fundraising projects, establishing a production layout across four cities with five factories[77]. Operational and Management Insights - The company has a strong management team with extensive experience in the dairy industry, supporting its brand development and competitive advantage[58]. - The company has implemented a digital transformation initiative, "Smart Miao Ke," to enhance operational efficiency through the adoption of ERP systems and digital platforms[90]. - The company is committed to optimizing product structure and enhancing brand and channel strength to support sustainable growth[72]. Environmental and Compliance Matters - The company’s subsidiary, Guangze Dairy, was listed as a key pollutant discharge unit in Jilin Province, with major pollutants including wastewater, waste gas, and solid waste[130]. - Guangze Dairy has a wastewater treatment plant with a design capacity of 2,000 tons per day, utilizing a physical-chemical and biological treatment process[133]. - The company has established an emergency response plan for environmental incidents, which has been filed with the Changchun City Ecological Environment Bureau[135]. - Guangze Dairy has installed online monitoring equipment for wastewater and waste gas emissions, ensuring compliance with environmental regulations[136]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[137]. Risks and Challenges - The company faces industry risks due to potential changes in national policies affecting the dairy industry, which could impact development and profitability[113]. - Market competition is intensifying with the entry of overseas cheese brands and domestic companies focusing on the cheese sector, putting pressure on profit margins and sales[114]. - Operational management risks arise from rapid expansion, necessitating improved management efficiency and internal coordination to support growth[115]. - Fluctuations in raw material prices, particularly from international markets, could significantly affect product profitability and cash flow[116]. - Ongoing COVID-19 pandemic risks may disrupt raw material procurement and product sales logistics, affecting overall performance[120]. Corporate Governance and Related Transactions - The company has committed to maintaining independence in operations, assets, finance, and management following major asset restructuring[142]. - The company has established a capital contribution of 35 million yuan for the assets involved in the restructuring[157]. - The company will ensure that no related party transactions will harm the interests of the listed company and its shareholders[160]. - The company has committed to managing related transactions in accordance with market principles and ensuring fair pricing[160]. - The company guarantees the establishment of an independent financial accounting department and a standardized financial management system, ensuring independent banking operations and tax compliance[166].

Financial Performance - The company's operating revenue for 2020 was CNY 2,846,807,171.16, representing a 63.20% increase compared to CNY 1,744,349,052.12 in 2019[26] - The net profit attributable to shareholders for 2020 was CNY 59,257,984.09, a significant increase of 208.16% from CNY 19,229,863.79 in 2019[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,570,007.01, compared to a loss of CNY 12,189,927.27 in 2019[26] - The net cash flow from operating activities for 2020 was CNY 267,053,446.67, a decrease of 8.55% from CNY 292,034,715.17 in 2019[26] - Basic earnings per share rose to ¥0.145, marking a significant increase of 208.51% year-over-year[29] - The weighted average return on net assets improved to 4.545%, an increase of 3.006 percentage points compared to 2019[29] - The net profit attributable to shareholders for Q4 2020 was ¥6,413,270.77, contributing to an annual net profit of ¥59,257,053.09[30] - The company achieved operating revenue of CNY 2,846,807,171.16, a year-on-year increase of 63.20%[101] - Net profit attributable to shareholders reached CNY 59,258,000, compared to CNY 19,229,900 in the same period last year[101] Cash Flow and Investments - The net cash flow from operating activities for 2020 was ¥267,053,446.67, a decrease of 8.55% compared to ¥292,034,715.17 in 2019[130] - The net cash flow from investing activities for 2020 was -¥432,063,610.26, reflecting significant investments in fixed assets and construction projects due to capacity expansion[130] - The net cash flow from financing activities increased to ¥298,135,767.39 in 2020 from -¥576,942,229.12 in 2019, primarily due to capital increases from the company's wholly-owned subsidiary[130] - The company's investment activities generated a net cash flow of -CNY 432,063,610.26, primarily due to capacity expansion investments[102] Revenue Breakdown - The company's cheese business achieved revenue of 2,074.26 million yuan, a year-on-year increase of 125.15%, accounting for 72.91% of total revenue[65] - Liquid milk revenue decreased by 13.31% year-on-year, with a gross margin decline of 13.48 percentage points, now accounting for 14.53% of total revenue[69] - The trade business saw a slight revenue increase of 4.25% year-on-year, but its contribution to total revenue fell from 19.69% to 12.56%[70] - The revenue from the catering industrial segment was 272 million yuan, growing 29.90% year-on-year despite the pandemic's impact[80] - The company's revenue from the home dining series reached 331 million yuan, a year-on-year increase of 108.82%[80] Market Position and Strategy - The company's market share in the domestic cheese market reached 19.8% in 2020, ranking second, up from 4.80% in 2019[51] - The domestic cheese consumption in 2020 was projected to exceed 320,000 tons, representing a year-on-year growth of approximately 29%[49] - The company focuses on cheese products, with core offerings including cheese sticks and mozzarella cheese, aiming to establish a leading position in the dairy industry[39] - The company plans to concentrate resources on the cheese product business, which has greater growth potential[39] - The company is focusing on product innovation and upgrading to enhance competitiveness in the cheese market[71] Operational Efficiency and Capacity - The company's total cheese production capacity in 2020 was 37,788.84 tons, with a total output of 35,781.43 tons, achieving a capacity utilization rate of 94.69%[143] - The production of cheese sticks, a new product launched in 2018, showed a growing trend in both capacity and output over the past two years[143] - The company's mozzarella cheese production capacity utilization rate was 88.48% in 2020, down from 106.85% in 2019[143] - The company plans to enhance cheese production capacity, with a target of 82,800 tons for the new Shanghai cheese project[71] Research and Development - Research and development expenses rose by 74.23% to CNY 38,860,661.06 as the company intensified new product development efforts[102] - The company is committed to integrating global resources for technology research and development, mastering both original and reprocessed cheese production technologies[54] - The company has 60 R&D personnel, making up 3.54% of the total workforce[129] Marketing and Brand Development - The company has developed a strong brand presence, becoming a well-known national cheese brand in China[52] - The company aims to enhance brand influence by promoting the brand "Miaokelando" through various marketing channels and public relations activities[179] - The company will continue to expand its marketing network, focusing on deepening coverage in offline retail channels and enhancing e-commerce capabilities[180] - The company achieved the top sales position in online cheese products across all platforms, with over 90% market share on major B2C platforms like Tmall and JD[89] Challenges and Risks - The company faces industry risks, including potential changes in national policies and increasing competition, which could impact profit margins[182] - The ongoing COVID-19 pandemic poses risks to the company's operations, including disruptions in logistics and sales channels[190] - The company is facing increased market competition due to the entry of foreign cheese brands into China and the growing interest of domestic dairy companies in the cheese sector[183] - The company has a significant reliance on international raw material procurement, which exposes it to price volatility and potential supply chain disruptions[188] Corporate Governance - The audit report for the company was issued by Lianda Certified Public Accountants, confirming the accuracy of the financial report[8] - The company has not reported any violations in decision-making procedures for external guarantees[11] - The company has not distributed cash dividends for the past three years, maintaining a policy of reinvesting profits[195] - The company has not implemented any share buybacks or capital increases in the past three years[196]

公司代码: 600882 公司简称: 妙可蓝多 ® MILKGROUNI 奶酪就选 妙可蓝多 上海妙可蓝多食品科技股份有限公司 2021 年第一季度报告 马精里 k 1738 6391 EUBESH e = 机油芝 2021 年第一季度报告 í 二、 11Í 四、 目录 | --- | |--------------| | | | 重要提示 | | 公司基本情况 | | 重要事项 | | 附录 | 2 / 24 2021 年第一季度报告 一、 重要提示 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司全体董事出席董事会审议季度报告。 公司负责人柴琇、主管会计工作负责人刘大永及会计机构负责人（会计主管人员）金晓炜保 证季度报告中财务报表的真实、准确、完整。 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | --- | --- | --- | --- | --- | |--------------------------------------------- ...

Financial Performance - Net profit attributable to shareholders increased by 348.50% to CNY 52,844,713.32 for the first nine months of the year[19]. - Operating revenue for the first nine months rose by 61.92% to CNY 1,876,377,998.44 compared to the same period last year[19]. - Basic earnings per share increased by 344.83% to CNY 0.129 per share[21]. - The net profit after deducting non-recurring gains and losses increased by 247.93% to CNY 39,430,503.83 for the first nine months[19]. - The net profit for Q3 2020 was ¥22,466,590.94, compared to a net profit of ¥7,890,470.06 in Q3 2019, representing a year-over-year increase of 184.5%[59]. - The company reported a net loss of ¥837,742,698.99, an improvement from a loss of ¥890,587,412.31 in the previous period[46]. - The overall comprehensive income for Q3 2020 was ¥849,832.56, a significant recovery from a loss of ¥14.90 million in the same quarter of the previous year, reflecting improved financial health[70]. Assets and Liabilities - Total assets increased by 24.23% to CNY 3,035,040,905.25 compared to the end of the previous year[19]. - Total liabilities increased to ¥1,217,766,967.49, up from ¥1,177,437,209.52, reflecting a growth of approximately 3.4%[44]. - Current liabilities totaled ¥853,894,096.15, an increase of 9.9% from ¥776,867,427.41[44]. - Non-current liabilities decreased to ¥363,872,871.34 from ¥400,569,782.11, a decline of about 9.2%[44]. - Total assets reached ¥1,952,996,489.59, up from ¥1,485,649,205.71, indicating a growth of approximately 31.6%[50]. - Total equity attributable to shareholders increased to ¥1,479,131,690.39 from ¥1,265,657,292.97, reflecting a growth of about 16.9%[46]. - Total liabilities amounted to ¥1,177,437,209.52, with current liabilities at ¥776,867,427.41 and non-current liabilities at ¥400,569,782.11[85]. Cash Flow - Net cash flow from operating activities decreased by 165.01% to -CNY 68,175,154.18 for the first nine months[19]. - Net cash flow from operating activities was -RMB 68.18 million, a decrease of 165.01% year-on-year, primarily due to increased prepayments[34]. - Net cash flow from investing activities was -RMB 293.09 million, reflecting increased investments in fixed assets and construction projects[34]. - Net cash flow from financing activities was RMB 36.92 million, a significant improvement from -RMB 3.30 million in the same period last year, due to capital increase by a wholly-owned subsidiary[34]. - The cash flow from operating activities for the first three quarters of 2020 was approximately ¥2.10 billion, compared to ¥1.25 billion in the same period of 2019, indicating a strong operational cash generation[70]. - The company reported a net cash outflow from investing activities of approximately ¥293.09 million in Q3 2020, compared to a net outflow of ¥170.21 million in Q3 2019, highlighting increased investment in growth initiatives[74]. - The financing activities generated cash inflow of approximately ¥457.39 million in Q3 2020, compared to a cash outflow of ¥2.12 million in the same quarter of the previous year, indicating improved capital raising efforts[74]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,303[26]. - The largest shareholder, Chai Xiu, holds 18.59% of the shares, with 72 million shares pledged[26]. Operational Efficiency - Operating costs rose by 42.61% year-on-year, but the increase was lower than revenue growth due to improved production efficiency[32]. - Sales expenses surged by 157.46% year-on-year, attributed to higher sales channel expansion and brand promotion costs[32]. - R&D expenses increased by 105.57% year-on-year, reflecting the company's intensified efforts in new product development[32]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[54]. - The company aims to expand its market presence and enhance product offerings, although specific new products or technologies were not disclosed in the current report[65].