证券代码：603020 证券简称：爱普股份 公告编号：2023-039 爱普香料集团股份有限公司 2023 年半年度募集资金存放与实际使用情况的 专 项 报 告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求》及《上海证券交易所上市公司自律监管指引第 1 号——规范运作》的相关规定，现将爱普香料集团股份有限公司（以下简称："公 司"、"本公司"）截至 2023 年 6 月 30 日募集资金存放及使用情况报告如下： 一、募集资金基本情况 1、2015 年首次公开发行股票 经中国证券监督管理委员会于 2015 年 2 月 27 日以证监许可[2015] 304 号 文《关于核准爱普香料集团股份有限公司首次公开发行股票的批复》核准，并经 上海证券交易所同意，本公司已于 2015 年 3 月 25 日向社会公开发行人民币普通 股（A 股）40,000,000.00 股，发行价格为每股 20.47 元，募集资金总额为人民 币 818,800 ...

证券代码：603020 证券简称：爱普股份 公告编号：2023-040 爱普香料集团股份有限公司 2023 年半年度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据 《上海证券交易所上市公司自律监管指引第 3 号---行业信息披露 第 十四号---食品制造》的相关规定，现将爱普香料集团股份有限公司(以下简称"公 司")2023 年半年度主要经营数据（未经审计）公告如下： 一、报告期经营情况 1、按照产品类别分类情况 单位：万元 币种：人民币 | 产品类别 | 2023 年半年度 | 2022 年半年度 | 同比变动 | | --- | --- | --- | --- | | 香精 | 26,603.30 | 25,254.01 | 5.34% | | 香料 | 9,840.93 | 10,628.89 | -7.41% | | 食品配料 | 108,803.89 | 122,427.15 | -11.13% | | 小计 | 145,248.12 | 158,310.05 | -8.25% | 2、按照销 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 爱普香料集团股份有限公司（以下简称"公司"、"爱普股份"）于 2023 年 8 月 29 日收到光大证券股份有限公司（以下简称"光大证券"）关于更换公司 保荐代表人的报告。 证券代码：603020 证券简称：爱普股份 公告编号：2023-042 爱普香料集团股份有限公司 关于更换保荐代表人的公告 附件：贺凯谋先生简历 贺凯谋，光大证券保荐代表人，复旦大学经济学硕士，拥有 11 年投资银行执业 经验，精通中国资本市场法规与实务操作，曾主持或参与山西天然气借壳*ST 联 华并募集配套资金、百川燃气借壳万鸿集团并募集配套资金项目，浙江环新、腾 信软创 IPO 项目，南国置业、江西长运、南宁糖业、慈文传媒、巨人网络、天利 科技、万达信息、百花村等上市公司再融资、重组项目。 爱普香料集团股份有限公司董事会 2023 年 8 月 30 日 公司董事会对保荐代表人谭轶铭先生在公司工作期间所做出的贡献表示衷 心感谢！ 特此公告。 光大证券作为公司首次公开发行股票并上市项目、2021 年度非公开发 ...

证券代码：603020 证券简称：爱普股份 公告编号：2023-041 爱普香料集团股份有限公司 围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 9 月 4 日(星期一)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 weihua.wang@cnaff.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。 爱普香料集团股份有限公司（以下简称"公司"）于 2023 年 8 月 30 日在上 海证券交易所网站（www.sse.com.cn）及相关指定信息披露媒体披露了公司 2023 年半年度报告及报告摘要，为了便于广大投资者更全面、更深入的了解公 司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 9 月 5 日(星期二 ...

证券代码：603020 证券简称：爱普股份 公告编号：2023-031 爱普香料集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 爱普香料集团股份有限公司（以下简称"公司"）于 2023 年 4 月 27 日 在上海证券交易所网站（www.sse.com.cn）及相关指定信息披露媒体披露了 公司 2022 年年度报告及报告摘要，为了便于广大投资者更全面、更深入的 了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 5 月 17 日(星 期三)上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进 行沟通和交流。 一、 说明会类型 本次业绩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 会议召开时间：2023 年 5 月 17 日(星期三)上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址： 范围内就投资者普遍关注的问题 ...

Financial Performance - The company's operating revenue for 2019 was approximately CNY 2.47 billion, a decrease of 1% compared to 2018[23]. - The net profit attributable to shareholders for 2019 was approximately CNY 115.55 million, representing a 5.48% increase from the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 84.81 million, a decrease of 20.32% compared to 2018[23]. - The net cash flow from operating activities for 2019 was approximately CNY 214.37 million, a significant improvement from a negative cash flow in 2018[23]. - The total assets at the end of 2019 were approximately CNY 2.60 billion, an increase of 8.38% from the end of 2018[23]. - The weighted average return on equity for 2019 was 5.71%, an increase of 0.04 percentage points from 2018[25]. - The basic earnings per share for 2019 was CNY 0.3611, reflecting a 5.49% increase from 2018[24]. - The company reported a total of CNY 30.74 million in non-recurring gains for 2019, compared to CNY 3.10 million in 2018[28]. - The company's total revenue for the reporting period increased by 31.96% year-on-year, reaching 35,034 tons in production and 32,646 tons in sales[85]. - The revenue from the top five customers accounted for 21.54% of the total annual revenue, with no related party sales[68]. Dividend Policy - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares to all shareholders, totaling 48,000,000 RMB (including tax) based on a total share capital of 320,000,000 shares as of December 31, 2019[6]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be paid as cash dividends when conditions are met[116]. - In 2019, the company distributed cash dividends of 1.50 RMB per 10 shares, totaling 48 million RMB, representing 41.54% of the net profit attributable to shareholders[117]. - The company has not proposed a cash dividend distribution plan for the reporting period despite positive distributable profits, which requires disclosure of reasons and future plans[118]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[6]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has maintained a good integrity status during the reporting period, with no significant legal judgments or large debts unpaid[133]. - The company has not faced any penalties from securities regulatory agencies in the past three years[199]. Market Position and Strategy - The company has a strong competitive advantage in the food ingredient manufacturing and distribution sector, supported by a comprehensive sales network[52]. - The domestic market for flavors, fragrances, and food ingredients is in a growth phase, with increasing competition and market saturation[43]. - The company has established strategic partnerships with globally recognized enterprises for importing products and raw materials[41]. - The company aims to strengthen its brand influence through comprehensive solutions and timely product technology services[100]. - The company plans to replace imported raw materials with local manufacturing, optimizing processes to reduce costs and enhance market share[99]. Research and Development - The company submitted 6 domestic invention patent applications and 10 utility model patent applications in 2019, totaling 46 invention patents by the end of the reporting period[54]. - Research and development expenses amounted to CNY 33.02 million, representing 1.33% of total revenue[72]. - New product development initiatives are underway, with an investment of 50 million RMB allocated for R&D in flavor technology[193]. Environmental Compliance - The company emphasizes environmental protection and has obtained ISO14001:2015 certification, but may face stricter regulations in the future[105]. - The company has implemented a comprehensive environmental monitoring plan, including regular third-party assessments of wastewater and air emissions[158]. - The company reported a total COD emission of 4.1 tons, with a concentration of 100 mg/l, well below the standard of 500 mg/l, indicating no exceedance of emission limits[150]. - The company has successfully maintained compliance with environmental regulations, receiving necessary permits and approvals for its operations[153]. Employee and Management Structure - The total number of employees in the parent company is 428, while the main subsidiaries employ 831, resulting in a total of 1,259 employees[200]. - The professional composition includes 468 production personnel, 169 sales personnel, 202 technical personnel, 71 financial personnel, and 349 administrative personnel[200]. - The remuneration for directors, supervisors, and senior management is determined based on their specific positions and performance evaluations according to the company's compensation management system[197]. - There were changes in the board, with Qi Qingzhong resigning as an independent director and two new independent directors, Tao Ningping and Lu Peng, being elected[198]. Risks and Challenges - The company faces risks related to food safety, quality, and policy changes that could impact its future development[101]. - The company is exposed to market competition risks due to the increasing presence of international companies in the domestic market[104]. - The main raw materials for the company's products are subject to price fluctuations influenced by macroeconomic factors, which could impact profitability despite risk mitigation measures[111]. - The company has developed proprietary core technologies and obtained patents for some, but faces risks of technology leakage due to the difficulty in patenting certain key formulas[108].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,591,025,651.35, a decrease of 5.99% compared to CNY 1,692,318,094.90 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 91,305,048.12, down 25.29% from CNY 122,220,288.13 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,456,655.77, a decline of 29.6% compared to CNY 110,028,957.47 in the same period last year[16]. - Basic earnings per share for the reporting period (1-6 months) decreased by 37.63% to CNY 0.2382 compared to CNY 0.3819 in the same period last year[17]. - Diluted earnings per share also decreased by 37.63% to CNY 0.2382 from CNY 0.3819 year-on-year[17]. - The weighted average return on equity fell to 2.93%, a decrease of 2.53 percentage points from 5.46% in the same period last year[17]. - The gross profit margin for the first half of 2022 was reported at 40%, showing an improvement from 38% in the same period last year[132]. - The company reported a net loss of CNY 6,547,249.25 in the owner's equity statement for the first half of 2022[199]. Cash Flow and Assets - The cash flow from operating activities was CNY 73,608,823.70, a significant improvement from a negative cash flow of CNY -11,621,056.82 in the previous year[16]. - Accounts receivable decreased by 59.79% to CNY 3,726,106.79, mainly due to the collection of matured receivables[64]. - Fixed assets increased by 55.79% to CNY 395,907,889.38, attributed to the completion of construction projects[64]. - The total assets at the end of the reporting period were CNY 3,929,655,036.16, an increase of 2.16% from CNY 3,846,474,199.48 at the end of the previous year[16]. - The company's total current assets decreased from 2,461,582,061.61 RMB to 2,444,237,195.57 RMB, a decline of approximately 0.7%[172]. - The company's cash and cash equivalents decreased from 247,388,747.82 RMB to 215,435,964.39 RMB, a reduction of approximately 12.9%[172]. Research and Development - The company has a strong R&D capability, holding 50 invention patents and 23 utility model patents, which supports its competitive edge in producing high-concentration water-soluble citrus flavorings[40]. - R&D expenses decreased due to reduced experimental activities impacted by the pandemic[62]. - Investment in R&D increased by 30% year-on-year, focusing on the development of new flavor technologies and product lines[136]. - The company plans to invest 100 million RMB in research and development for new technologies in flavor production over the next two years[132]. Market Position and Strategy - The company is a leading producer of food flavorings and has a significant competitive advantage in the domestic flavor and fragrance industry[36]. - The company is focusing on expanding its industrial chocolate and jam production capacity, as well as developing new product lines to meet market diversification trends[58]. - The company has established a "distribution + direct sales" model, enhancing product reach and customer service through dedicated sales teams and partnerships with distributors[32]. - The domestic flavor and fragrance market is in a growth phase, with increasing competition and market saturation, while the global market is in a mature stage dominated by a few large players[34]. Environmental and Safety Measures - The company has established a strict food safety control system, but risks remain due to reliance on third-party cold chain logistics and storage, which could lead to potential food safety issues affecting brand image and sales[73]. - The company has implemented strict quality control measures, certified by ISO9001 and ISO22000, ensuring product safety and quality throughout the supply chain[45]. - The company has established an environmental management system and is committed to environmental protection, but stricter future regulations could impact production operations[85]. - The company has established a wastewater treatment capacity of 300 tons per day and has implemented a rainwater and sewage separation system[97]. Shareholder and Governance - The total number of voting shares held by shareholders present at the meeting was 143,893,466 shares, accounting for 37.5468% of the total voting shares[92]. - The company plans to repurchase shares worth between RMB 50 million and RMB 100 million to boost investor confidence and align interests among shareholders, the company, and employees[59]. - The controlling shareholder has issued a commitment letter to avoid any business competition with the company and its subsidiaries, ensuring no direct or indirect competition in the future[130]. - The company has committed to maintaining high standards of corporate governance and transparency, with no violations reported during the review period[136]. Risks and Challenges - The ongoing COVID-19 pandemic poses risks to the company's operational performance, particularly in international trade and supply chain logistics[72]. - The company faces risks related to inventory impairment due to low-margin products and potential price declines, which could adversely impact operational performance[80]. - There is a risk of goodwill impairment if macroeconomic fluctuations or intensified market competition lead to underperformance against expectations[81]. - The company is exposed to foreign exchange risks due to its significant food ingredient trading operations, which are primarily conducted in foreign currencies[82].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 726,070,912.80, a decrease of 7.71% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 39,478,087.99, down 16.38% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,984,382.24, a decline of 31.35% compared to the previous year[5]. - Basic and diluted earnings per share were both CNY 0.1030, down 16.39% year-on-year[6]. - Total operating revenue for Q1 2023 was 673,544,069.10 RMB, a decrease of 6.4% compared to 719,479,731.67 RMB in Q1 2022[18]. - Net profit for Q1 2023 was 50,998,038.11 RMB, down 13.8% from 58,819,773.94 RMB in Q1 2022[18]. - Operating profit for Q1 2023 was 65,156,576.83 RMB, a decline of 14.4% from 76,060,986.10 RMB in Q1 2022[18]. - Total comprehensive income for Q1 2023 was 52,677,601.14 RMB, a decrease from 58,025,660.75 RMB in Q1 2022[19]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 4,524,551.20, representing a decrease of 106.68%[5]. - Cash flow from operating activities for Q1 2023 was -4,524,551.20 RMB, compared to a positive 67,721,175.20 RMB in Q1 2022[22]. - Cash and cash equivalents as of March 31, 2023, amounted to CNY 406,744,478.20, up from CNY 314,798,168.77 at the end of 2022, representing a 29.2% increase[14]. - Cash and cash equivalents at the end of Q1 2023 totaled 406,588,255.21 RMB, an increase from 214,195,116.77 RMB at the end of Q1 2022[23]. - Investment activities generated a net cash inflow of 73,908,994.72 RMB in Q1 2023, compared to a net outflow of -133,960,753.89 RMB in Q1 2022[22]. - Financing activities generated a net cash inflow of 23,657,101.47 RMB in Q1 2023, down from 33,248,532.36 RMB in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,767,228,538.24, down 2.67% from the end of the previous year[6]. - Total assets decreased to CNY 3,767,228,538.24 as of March 31, 2023, from CNY 3,870,460,661.92 at the end of 2022, a decline of 2.7%[16]. - Total liabilities decreased to CNY 408,258,603.48 from CNY 553,984,650.63, a reduction of 26.2%[16]. - Non-current assets totaled CNY 1,510,495,687.80, down from CNY 1,555,404,889.09, a decrease of 2.9%[15]. - Short-term borrowings decreased to CNY 50,100,000.00 from CNY 67,017,335.00, a decline of 25.2%[15]. - The company's total equity increased to CNY 3,358,969,934.76 as of March 31, 2023, from CNY 3,316,476,011.29 at the end of 2022, an increase of 1.3%[16]. - The equity attributable to shareholders increased by 1.30% to CNY 3,109,056,707.85 compared to the end of the previous year[6]. Investment and Future Plans - The company reported a significant increase in investment income of 325.98% due to the sale of subsidiary equity[7]. - The company plans to focus on expanding its market presence and developing new products in the upcoming quarters[11]. - The lock-up period for shares issued in a private placement will end on May 9, 2023, allowing for potential liquidity in the market[11]. Research and Development - Research and development expenses for Q1 2023 were 10,597,643.52 RMB, a slight decrease of 4.4% from 11,082,045.25 RMB in Q1 2022[18]. Return on Equity - The weighted average return on equity was 1.28%, a decrease of 0.25 percentage points[6]. Inventory - Inventory as of March 31, 2023, was CNY 682,961,858.36, slightly up from CNY 669,005,792.38 at the end of 2022, an increase of 2%[14].

Financial Performance - In 2021, the company's operating revenue reached RMB 3,344,556,762.67, representing a 25.35% increase compared to RMB 2,668,255,089.70 in 2020[24]. - The net profit attributable to shareholders was RMB 202,604,790.46, up 19.72% from RMB 169,236,456.22 in the previous year[24]. - The net cash flow from operating activities decreased by 37.85% to RMB 136,869,229.20 from RMB 220,238,943.33 in 2020[24]. - The total assets at the end of 2021 were RMB 3,846,474,199.48, a 39.45% increase from RMB 2,758,354,296.53 at the end of 2020[24]. - The company's net assets attributable to shareholders increased by 40.39% to RMB 3,068,284,164.27 from RMB 2,185,581,819.28 in 2020[24]. - The basic earnings per share rose by 15.90% to RMB 0.6130 in 2021, compared to RMB 0.5289 in 2020[25]. - The weighted average return on equity increased to 8.50% in 2021 from 7.97% in 2020, reflecting a 0.53 percentage point increase[25]. - The company achieved a total revenue of RMB 3.345 billion in 2021, representing a year-on-year growth of 25.35%[32]. - The company reported a significant increase in investment activities, with a net cash outflow of 798.58 million RMB due to fixed asset acquisitions[111]. - The company achieved a revenue of 3.345 billion RMB in 2021, representing a year-on-year growth of 25.35%[109]. Dividend and Capital Management - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling approximately 57.49 million RMB (including tax) based on a total share capital of 383,237,774 shares as of December 31, 2021[4]. - The company does not plan to increase capital reserves or issue bonus shares[4]. - The company successfully completed a private placement of 63,237,774 shares, raising a net amount of RMB 731 million, which will enhance its food ingredient business and overall market competitiveness[35]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the financial report's authenticity, accuracy, and completeness[3]. - The company has committed to ensuring the authenticity and completeness of the annual report, with all board members present at the meeting[6]. - There are no non-operating fund occupations by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[6]. - The company has passed multiple quality certifications including ISO9001, ISO22000, and HACCP, ensuring high product quality and safety standards[98]. Market and Industry Trends - The company faced challenges due to external factors such as trade protectionism and the ongoing COVID-19 pandemic, impacting global economic conditions[31]. - The company is recognized as the largest producer of food flavoring in China, maintaining a competitive edge in technology, service, and product quality[72]. - The global flavor and fragrance market reached approximately 28.2 billion in 2019, with a compound annual growth rate of 3.27% since 2011[141]. - The domestic flavor and fragrance industry in China has seen a stable growth period, with market sales reaching 44.9 billion yuan in 2019, reflecting a compound annual growth rate (CAGR) of 11.12% from 2005 to 2019[146]. - The global chocolate market is projected to grow from $44.35 billion in 2019 to $61.34 billion by 2027, maintaining a growth rate of 2% to 4.4%[151]. Risks and Challenges - The management has highlighted various risks faced by the company, which are detailed in the report's management discussion and analysis section[7]. - The company faces risks related to the ongoing impact of the COVID-19 pandemic on its operations, particularly in international trade and supply chains[180]. - There is a growing concern regarding food safety, which could affect the company's brand image and sales if not managed properly[181]. - Changes in consumer preferences pose a risk, as the company must innovate to meet evolving demands or risk losing market share[183]. - The competitive landscape in the flavor and food ingredient industry is intensifying, requiring continuous innovation to maintain a competitive edge[185]. Research and Development - The company is expanding its R&D capabilities to improve product taste and flavor, adapting to market diversification and segmentation trends[34]. - The company has a strong research and development capability, holding 49 invention patents (47 domestic, 2 foreign) and 20 utility model patents, significantly enhancing its competitive edge in the flavor industry[93]. - Research and development expenses increased by 17.26% to 39.91 million RMB, driven by new product development efforts[111]. Product and Service Offerings - The company specializes in the research, manufacturing, and sales of spices, flavorings, and food ingredients, with key products including synthetic and natural spices, edible and daily flavorings, and industrial chocolate[77]. - The company’s food ingredients include 19 categories such as carbohydrates, proteins, fats, and various fruit and vegetable products[44]. - The company’s chocolate products are primarily industrial chocolate, used by downstream food manufacturers for producing frozen beverages, baked goods, and dairy products[77]. - The company’s jam products are mainly raw jams supplied to food manufacturers, used in dairy products, baked goods, and beverages, with categories including fruit jams and grain jams[80][81]. Governance and Shareholder Relations - The company held 1 annual and 1 extraordinary general meeting during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[197]. - The controlling shareholder's actions are regulated, with no interference in the company's decision-making or operations, maintaining independence in business operations[198]. - The board of directors consists of 9 members, including 3 independent directors, complying with relevant laws and regulations[199]. - The supervisory board has 3 members, including 1 employee representative, ensuring diligent oversight of the company's operations and financial reporting[200].

Dividend Policy - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares, totaling 51,200,000 RMB (including tax) based on a total share capital of 320,000,000 shares as of December 31, 2020[5]. - In 2020, the company distributed a cash dividend of 1.60 CNY per 10 shares, totaling 51,200,000.00 CNY, with a net profit attributable to ordinary shareholders of 169,236,456.22 CNY, resulting in a payout ratio of 30.25%[135]. - In 2019, the cash dividend was 1.50 CNY per 10 shares, amounting to 48,000,000.00 CNY, with a net profit of 115,545,106.76 CNY, leading to a payout ratio of 41.54%[135]. - In 2018, the cash dividend was 1.10 CNY per 10 shares, totaling 35,200,000.00 CNY, with a net profit of 109,538,128.29 CNY, resulting in a payout ratio of 32.13%[135]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits be allocated for cash dividends, with higher percentages for mature stages without major capital expenditures[133]. Financial Performance - The company's operating revenue for 2020 was approximately ¥2.67 billion, representing a year-over-year increase of 7.82% compared to ¥2.47 billion in 2019[23]. - Net profit attributable to shareholders for 2020 was approximately ¥169.24 million, a significant increase of 46.47% from ¥115.55 million in 2019[23]. - The basic earnings per share for 2020 was ¥0.5289, reflecting a 46.47% increase compared to ¥0.3611 in 2019[24]. - The weighted average return on equity increased to 7.97% in 2020, up by 2.26 percentage points from 5.71% in 2019[24]. - The net cash flow from operating activities for 2020 was approximately ¥220.24 million, a slight increase of 2.74% from ¥214.37 million in 2019[23]. - The company's total assets at the end of 2020 were approximately ¥2.76 billion, marking a 6.27% increase from ¥2.60 billion at the end of 2019[23]. - The company reported a net profit of approximately ¥32.78 million in Q4 2020, with total revenue for the quarter reaching approximately ¥710.55 million[26]. Market Position and Strategy - The company has established itself as a well-known brand in the domestic spice and flavor industry, particularly in the food flavor sector, over more than 20 years of development[43]. - The company maintains a competitive advantage in the industrial chocolate and jam sectors, primarily through direct sales to food processing manufacturers[38]. - The company has a significant presence in the industrial chocolate market, ranking among the top producers in China, despite facing competition from international giants[44]. - The company adopts a "distribution + direct sales" model for its spice, flavor, and food ingredient sales, enhancing product reach and customer service[37]. - The company is focused on providing comprehensive food ingredient and flavor solutions to support the domestic food market's consumption upgrade[117]. Research and Development - The company’s R&D focuses on the development of flavors, fragrances, and food ingredients, which are widely used in various industries including food and beverage[33]. - The total R&D expenditure for the period was ¥34,034,181.33, accounting for 1.28% of the operating revenue[71]. - The number of R&D personnel was 130, representing 10.98% of the total workforce[71]. - The company has no capitalized R&D expenditures for the period, indicating a focus on expensing R&D costs[71]. - The company continues to enhance the research and application of flavor and fragrance products, focusing on functional flavor development and green synthesis processes to improve market share[119]. Risk Management - The company has detailed risks faced in the report, urging investors to pay attention to these risks[8]. - The company emphasizes that forward-looking statements do not constitute substantial commitments to investors, highlighting investment risks[6]. - The company is aware of risks related to the ongoing COVID-19 pandemic, which may impact its operations and international trade due to potential supply chain disruptions and decreased consumer demand[125]. - The company has established a rigorous food safety control system, but remains vigilant against potential risks from third-party logistics and storage services that could affect its brand image[126]. Environmental Compliance - The company has achieved ISO 14001:2015 certification for its environmental management system, but must remain compliant with evolving environmental regulations that could impact operations[130]. - The company has a wastewater treatment capacity of 300 tons per day, ensuring effective management of production and emergency wastewater[170]. - The company has established a hazardous waste storage facility and signed contracts with qualified disposal companies for proper waste management[173]. - The company has maintained compliance with environmental regulations, holding valid pollution discharge permits from relevant authorities[174]. - The company reported a total COD emission of 4.7 tons, which is below the regulatory limit of 500 mg/l, indicating no exceedance of standards[168]. Shareholder Relations - The company’s actual controller and major shareholders have made commitments regarding share transfers and management to ensure market stability[137]. - Major shareholders are restricted from transferring shares for twelve months post-IPO and must adhere to specific conditions regarding share sales thereafter[139]. - The company has not engaged in share buybacks during the reporting period[136]. - The total number of ordinary shareholders at the end of the reporting period was 21,407, a decrease from 21,691 at the end of the previous month[187]. - The largest shareholder, Wei Zhonghao, holds 113,220,000 shares, representing 35.38% of the total shares[189]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion[199]. - New product development efforts have resulted in the introduction of three innovative fragrance lines, expected to contribute an additional 200 million yuan in revenue[199]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 10% market share within the next two years[199]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance the company's market position and increase overall revenue by 15%[199]. - The company has allocated 100 million yuan for research and development in new technologies aimed at improving product quality and production efficiency[199].