Financial Performance - The company's operating revenue for the current period reached ¥3,602,592,054.70, representing a 16.51% increase compared to ¥3,092,092,381.37 in the same period last year[2]. - Operating costs increased by 24.90% to ¥3,027,036,581.28 from ¥2,423,472,330.32 year-on-year[2]. - The net profit attributable to shareholders of the listed company decreased by 32.28% to RMB 221,840,644.96 from RMB 327,596,166.79 in the previous year[133]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 181,350,643.79, down 33.22% from RMB 271,569,296.40 in 2021[133]. - The total assets at the end of 2022 reached RMB 2,744,255,769.83, a 36.56% increase from RMB 2,009,619,586.60 at the end of 2021[133]. - The net assets attributable to shareholders of the listed company increased by 67.12% to RMB 2,024,697,390.61 from RMB 1,211,531,429.03 in the previous year[133]. - Basic earnings per share for 2022 were RMB 0.5830, a decrease of 34.15% from RMB 0.8854 in 2021[134]. - The weighted average return on net assets was 15.02%, down 13.51 percentage points from 28.53% in the previous year[134]. - The company reported a total revenue of ¥3,567,225,623.73, with a year-on-year increase of 16.97%[200]. - The revenue from the distribution model was ¥3,135,037,147.49, with a gross margin of 15.61%, down 6.66 percentage points year-on-year[200]. Sales and Market Strategy - Sales expenses rose by 39.91% to ¥136,981,101.33, primarily due to increased market expansion and brand promotion efforts, including a ¥19.64 million increase in advertising expenses and a ¥10.74 million increase in personnel costs[3]. - The top five customers contributed ¥212,690.92 million in sales, accounting for 59.04% of total annual sales, with related party sales making up 14.20%[9]. - The company is focusing on technological upgrades to improve production efficiency and product quality in the marinated food sector[17]. - The company aims to enhance its market share and competitiveness by improving supply chain efficiency and expanding its nationwide store network[26]. - The company expanded its offline store network, focusing on mature cities in the East China region and adjusting strategies in South China, North China, and Southwest regions to enhance brand influence[143]. - Online business revenue increased steadily, leveraging major delivery platforms like Meituan and Ele.me to tailor promotional activities for franchisees, achieving expected revenue and profit[143]. - The company is actively developing a multi-channel marketing network, including online sales and group buying models, to capture the rapid growth of the industry and user traffic from third-party platforms[143]. - The company has established a diverse marketing network, including e-commerce, supermarkets, and group purchasing channels[155]. Production and Capacity - The company plans to strategically expand production capacity to support sustainable development and avoid constraints due to insufficient capacity[26]. - In 2022, the company achieved a total production capacity of 33,800 tons at the Ningguo factory, 10,600 tons at the Wuhan factory, 8,500 tons at the Shandong factory, 6,900 tons at the Lianyungang factory, and 6,200 tons at the Chongqing factory[144]. - The company has implemented flexible production lines in its standardized factories to support the development and rapid production of various product categories and flavors[143]. Product Development and Innovation - The company is committed to developing new products that meet consumer demands, aiming to increase market share and brand influence in the prepared food sector[55]. - The company has introduced new products each season based on consumer habits and regional characteristics, enhancing its product diversity and market responsiveness[180]. - The company’s product development is driven by consumer feedback and market trends, allowing for timely innovation and adaptation[180]. - The company has developed over a hundred types of marinated delicacies to meet diverse consumer demands[181]. Environmental and Governance Practices - The company has implemented modern electronic information management systems, achieving integrated management of core business processes[56]. - The company has established a comprehensive internal governance structure to ensure compliance with relevant laws and regulations[29]. - The company has implemented internal control systems to enhance governance and risk management across subsidiaries[93]. - The company has identified its environmental risk as general and has developed an emergency response plan for environmental incidents[102]. - The company emphasizes environmental protection in its operations, with all pollutant emissions meeting national standards during the reporting period[176]. - The wastewater treatment system has a capacity of 750 m³/d, and treated wastewater meets the Shandong Province water pollution discharge standards[82]. - The actual discharge values for key pollutants such as COD (20 mg/L) and ammonia nitrogen (0.5 mg/L) are below the permitted limits[82]. - The company has established an environmental self-monitoring plan and has installed online monitoring equipment for key indicators[84]. Human Resources and Management - The company will optimize human resource management to ensure stable and continuous growth, focusing on attracting senior talent in management, marketing, and sales[27]. - The company employed a total of 1,886 staff, with 308 in the parent company and 1,578 in major subsidiaries[74]. - The workforce composition includes 1,298 production staff, 302 sales personnel, 32 technical staff, 55 financial staff, and 199 administrative staff[74]. - The company has introduced performance management and incentive plans to motivate employees and ensure organizational goals are met[44]. - The company’s management compensation is linked to actual business performance[78]. Risks and Challenges - The company faces risks related to food quality and safety, particularly due to the short shelf life of its marinated products, which require strict control over various operational processes[58]. - The marinated food industry is experiencing increased competition, with a growing number of large-scale enterprises entering the market, which may impact the company's market share and operational performance if it cannot maintain its competitive advantages[58]. - Raw material costs account for over 80% of the company's main business costs, with key ingredients like chicken and beef making up more than 50% of total procurement expenses, making the company vulnerable to price fluctuations[58]. - In 2022, rising raw material prices negatively affected the company's gross margin, leading to fluctuations in net profit compared to the previous year[58]. - The company is actively monitoring raw material prices and is considering mechanisms to link raw material costs with product pricing to mitigate potential impacts on profitability[58]. Financial Management and Distribution - The company has a profit distribution policy that mandates a minimum cash dividend of 20% of the distributable profit, with higher thresholds for mature companies[76]. - The board approved the 2022 annual profit distribution plan, which requires shareholder approval[76]. - The company has a structured approach to ensure transparency and fairness in profit distribution to protect minority shareholders[76]. - The company reported non-operating income and expenses of 1,745,457.14 RMB in 2022, compared to -229,654.89 RMB in 2021, indicating a significant improvement[139]. - The company plans to distribute a cash dividend of RMB 309,000,000 (including tax), which amounts to RMB 7.5 per 10 shares based on a total share capital of 41,200,000 shares[122].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 124,841,135.34, a decrease of 32.87% compared to CNY 185,984,367.08 in Q1 2022[14] - The net profit attributable to shareholders of the listed company for Q1 2023 was CNY -23,783,671.02, compared to a profit of CNY 2,343,864.96 in Q1 2022, indicating a significant decline[14] - The diluted earnings per share for Q1 2023 was CNY 0.1084, representing an increase of 43.96% compared to the previous period[17] - The company's gross profit margin for Q1 2023 was approximately 19.3%, down from 26.0% in Q1 2022[14] - Net profit attributable to shareholders increased by 60.29% due to the normalization of raw material prices and a year-on-year decrease in costs[19] - Net profit attributable to shareholders after deducting non-recurring gains and losses rose by 60.38% for the same reasons[19] - Basic and diluted earnings per share both increased by 43.96% as a result of the increase in net profit[19] - Net profit for Q1 2023 was RMB 43,966,388.66, representing a 60.38% increase from RMB 27,466,492.91 in Q1 2022[56] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 2,788,185,623.31, reflecting a 1.60% increase from CNY 2,744,255,769.83 at the end of the previous year[4] - The equity attributable to shareholders of the listed company increased by 2.58% to CNY 2,076,884,280.98 from CNY 2,024,697,390.61 at the end of the previous year[4] - The company's total liabilities as of Q1 2023 were CNY 720,124,747.89, a slight decrease from CNY 727,701,264.13 in the previous year[10] - Total current assets amounted to ¥1,485,273,069.15, compared to ¥1,428,180,062.70 at the end of the previous year, showing growth[23] - The company reported a total asset of RMB 2,170,832,148.86 as of the end of Q1 2023, slightly down from RMB 2,182,825,779.11 at the end of Q1 2022[62] - Total liabilities amounted to RMB 313,338,320.91 in Q1 2023, compared to RMB 309,088,261.20 in Q1 2022, indicating a 1.03% increase[62] Cash Flow - The company's cash flow from operating activities for Q1 2023 was CNY 47,110,172.99, with no applicable year-on-year comparison[17] - Cash inflow from operating activities reached ¥824,377,899.29, up from ¥730,683,919.45 in the same period last year, representing a significant increase[27] - The net cash flow from operating activities for Q1 2023 was ¥107,069,230.17, a significant improvement compared to a net outflow of ¥2,209,860.08 in Q1 2022[34] - Cash inflow from operating activities totaled ¥427,646,590.00, up from ¥337,162,163.37 in the same period last year, representing an increase of approximately 27%[34] - Cash outflow from operating activities decreased to ¥320,577,359.83 from ¥339,372,023.45, indicating improved operational efficiency[34] Investments and Expenditures - The net cash flow from investing activities was -¥203,828,866.26, compared to a positive cash flow of ¥6,696,606.70 in Q1 2022, reflecting increased investment expenditures[35] - Cash inflow from investment activities was ¥60,396,648.55, significantly higher than ¥10,570,108.83 in Q1 2022, marking an increase of over 470%[35] Shareholder Information - The number of common shareholders at the end of the reporting period was 10,458, with the largest shareholder holding 24.76% of the shares[73] - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 102,017,661 shares[73] Other Financial Metrics - Research and development expenses for Q1 2023 were RMB 2,155,871.02, up 18.88% from RMB 1,813,096.56 in Q1 2022[56] - Tax expenses for Q1 2023 were RMB 14,876,621.10, an increase from RMB 11,935,974.72 in Q1 2022, reflecting a growth of 24.66%[56] - The company’s other comprehensive income after tax for Q1 2023 was RMB -35,684.94, compared to RMB 11,072.15 in Q1 2022[58] - The total comprehensive income for Q1 2023 was RMB 43,930,703.72, compared to RMB 27,477,565.06 in Q1 2022, marking a significant increase of 59.93%[58] Operational Insights - The company reported a decrease in cash and cash equivalents to CNY 187,446,741.15 from CNY 284,206,377.24 in the previous year[13] - The company received government subsidies amounting to ¥7,958,337.93 during the quarter, contributing positively to its financial performance[47] - The total cash inflow from sales of goods and services reached ¥247,531,506.49, compared to ¥194,004,580.07 in Q1 2022, reflecting a growth of approximately 28%[34] - The company’s cash outflow for purchasing goods and services was ¥175,008,312.44, an increase from ¥155,941,557.35 in the same quarter last year, indicating higher operational costs[34] Accounting and Reporting - The company is not applying new accounting standards for the current reporting period[67] - The company has not disclosed any new product or technology developments in this report[70] - There are no indications of market expansion or mergers and acquisitions mentioned in the current report[70] - The company has not provided specific future guidance or performance outlook in this report[70]

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,105,295,646.70, representing a year-on-year increase of 14.05%[7] - The net profit attributable to shareholders for the same period was CNY 111,805,884.62, showing a decrease of 16.37% compared to the previous year[7] - The basic earnings per share for Q3 2022 was CNY 0.30, down 16.37% year-on-year[10] - Total operating revenue for the first three quarters of 2022 reached ¥2,742,411,239.45, an increase of 15.4% compared to ¥2,374,247,414.60 in the same period of 2021[28] - Net profit for the third quarter of 2022 was ¥222,734,382.80, a decrease of 23.7% from ¥291,889,702.52 in the same quarter of 2021[32] - Total comprehensive income attributable to the parent company was CNY 227,605,373.64, down from CNY 293,565,269.77, representing a decrease of approximately 22.5% year-over-year[34] - Basic and diluted earnings per share were both CNY 0.62, compared to CNY 0.79 in the same period last year, reflecting a decline of 21.5%[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,770,777,220.68, an increase of 37.88% from the end of the previous year[10] - The company's total liabilities decreased to ¥750,701,898.63 in 2022 from ¥800,227,467.16 in 2021, reflecting a reduction of 6.5%[25] - The equity attributable to shareholders increased by 67.32% year-on-year, amounting to CNY 2,027,085,622.48[10] - Current liabilities totaled ¥547,166,531.34, down from ¥610,595,254.49 at the end of 2021, showing a decrease of approximately 10.4%[23] - The total non-current liabilities increased to ¥203,535,367.29 in 2022 from ¥189,632,212.67 in 2021, an increase of 7.5%[25] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 365,610,074.78, reflecting a 9.63% increase compared to the previous year[10] - Cash inflow from operating activities totaled CNY 3,408,852,016.28, an increase of 23.4% from CNY 2,760,989,195.21 in the previous year[34] - Net cash flow from operating activities was CNY 365,610,074.78, up from CNY 333,501,248.26, indicating a growth of 9.6%[38] - Cash outflow from investing activities was CNY 202,410,952.30, compared to CNY 152,142,703.53, marking an increase of 32.9%[38] - Net cash flow from financing activities was CNY 521,683,345.43, a significant improvement from a net outflow of CNY 311,650,413.92 in the previous year[38] - The ending balance of cash and cash equivalents was CNY 981,583,433.44, compared to CNY 259,161,796.90, showing a substantial increase[38] Operational Metrics - Non-recurring gains and losses for Q3 2022 totaled CNY 5,651,845.50, with a year-to-date total of CNY 28,131,898.92[10] - The company received government subsidies amounting to CNY 8,482,086.62 during the reporting period, closely related to its normal business operations[10] - The weighted average return on equity decreased by 4.88 percentage points to 7.97% for the reporting period[10] - The company reported a decrease in net profit excluding non-recurring items, which was CNY 106,154,039.02, down 15.23% year-on-year[7] - Research and development expenses for the third quarter of 2022 were ¥5,780,784.60, slightly down from ¥6,215,116.51 in the same quarter of 2021[28] - The company reported a decrease in tax expenses to ¥46,151,591.82 in the third quarter of 2022 from ¥88,371,117.15 in 2021, a reduction of 47.9%[32] Inventory and Receivables - Accounts receivable increased to ¥76,886,042.93 from ¥64,680,515.64 year-over-year, indicating a growth of approximately 18.5%[19] - Inventory levels rose to ¥206,892,741.35, compared to ¥128,550,681.78 in the previous year, reflecting a year-over-year increase of about 60.9%[19] - The company’s other receivables increased to ¥8,041,046.90 from ¥5,401,791.68, marking a growth of approximately 48.4%[19] Future Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[27]