2021 年第三季度报告 证券代码：603696 证券简称：安记食品 安记食品股份有限公司 2021 年第三季度报告 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个别及连带责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 期增减变 | 年初至报告期末 | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减变 | | | | 动幅度 | | 动幅度(%) | | | | (%) | | | | 营业收入 | 145,502,296.03 | 34.15 | 400,368,72 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥254.86 million, representing a 42.92% increase compared to ¥178.33 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥26.80 million, an increase of 12.60% from ¥23.80 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥21.72 million, up 10.33% from ¥19.68 million in the same period last year[20]. - The net cash flow from operating activities reached approximately ¥29.10 million, a significant increase of 262.28% compared to ¥8.03 million in the previous year[20]. - The total operating revenue for the first half of 2021 reached CNY 254,864,745.85, representing a year-on-year increase of 42.92% compared to CNY 178,330,564.68[33]. - The profit for the period was 26.80 million yuan, an increase of 12.60% compared to the same period last year[28]. - The operating profit for the first half of 2021 was CNY 31,283,923.05, compared to CNY 28,260,265.15 in the first half of 2020, reflecting a growth of 7.2%[92]. - The company reported a total profit of CNY 31,282,023.05 for the first half of 2021, an increase from CNY 28,139,177.41 in the same period of 2020[92]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥609.33 million, a decrease of 2.61% from ¥625.66 million at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥532.99 million, down 5.77% from ¥565.62 million at the end of the previous year[20]. - Total current assets as of June 30, 2021, amount to 344,086,655.64 RMB, a decrease from 365,039,034.22 RMB at the end of 2020[84]. - Total liabilities as of June 30, 2021, are 75,446,217.42 RMB, up from 59,672,398.51 RMB, showing an increase of approximately 26.4%[85]. - The total owner's equity at the end of the period is 565,616,535, reflecting a significant increase from the previous year[107]. Earnings Per Share - The basic earnings per share for the first half of 2021 were ¥0.11, reflecting a 10.00% increase from ¥0.10 in the same period last year[18]. - The diluted earnings per share for the first half of 2021 were also ¥0.11, consistent with the basic earnings per share increase of 10.00%[18]. Cash Flow - The cash flow from operating activities for the first half of 2021 was CNY 271,570,602.84, compared to CNY 192,143,970.41 in the first half of 2020, showing a significant increase[98]. - The ending cash and cash equivalents balance was CNY 87,908,478.91, down from CNY 142,849,088.92 at the end of the first half of 2020[100]. - The net increase in cash and cash equivalents for the period was CNY 2,463,219.89, compared to CNY 38,998,391.55 in the same period last year, indicating a significant decline[104]. Inventory and Receivables - Accounts receivable increased by 43.87% to CNY 22,169,760.03, primarily due to delayed payments from certain customers[38]. - Inventory rose by 38.82% to CNY 56,412,683.05, attributed to increased purchases of raw materials and finished products amid rising material prices[38]. - The company's inventory stood at CNY 31,547,053.42, a slight increase from CNY 30,721,421.90 at the end of 2020[88]. Research and Development - Research and development expenses for the first half of 2021 were CNY 6,110,705.95, up from CNY 4,779,490.47 in the same period of 2020, indicating a growth of about 27.8%[91]. - The company's research and development expenses for the first half of 2021 were CNY 6,110,705.95, up from CNY 4,779,490.47 in the same period of 2020, indicating a focus on innovation[95]. Market and Product Development - The company has over 500 varieties of products in the seasoning category, including compound seasoning powders and natural extract seasonings[24]. - The company has established a sales network covering all 30 provinces, autonomous regions, and municipalities in China[30]. - The company has expanded its product line to include health foods through OEM production since 2018[24]. - The company is actively developing new retail channels, including online and community group buying[30]. Risks and Challenges - The company faces potential risks including food safety control risks, raw material price fluctuation risks, and industry downturn risks[44]. - The company experienced a 38.66% decline in revenue due to the impact of the pandemic on overseas markets, particularly in New Zealand, Hong Kong, and Cambodia[31]. Corporate Governance - There were changes in the board of directors, with Lin Chunyu resigning and Lin Rongyang being elected[49]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[50]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters during the reporting period[64]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[62]. Shareholder Information - The largest shareholder, Lin Xiaofang, holds 116,880,434 shares, representing 49.69% of the total shares, with a decrease of 5,133,999 shares during the reporting period[77]. - The total number of ordinary shareholders as of the end of the reporting period is 18,223[75]. Future Outlook - The company plans to continue optimizing its product value chain and implement price increases based on market conditions[31]. - Future outlook includes potential mergers and acquisitions to strengthen market position and drive growth[108].

证券代码：603696 证券简称：安记食品 公告编号：2021-022 安记食品股份有限公司 关于参加 2021 年福建上市公司 投资者网上集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解 公司情况，本公司将参加由福建证监局与福建省上市公司协会、深圳市全景 网络有限公司举办的"2021 年度福建上市公司投资者网上集体接待日活动" 现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供 的网上平台采取网络远程的方式进行，投资者可以登录"全景网投资者关系 互动平台"（http://ir.p5w.net/）参与本次投资者网上集体接待日活动， 网上互动交流时间为 2021 年 5 月 14 日（星期五）15:30 至 17:00。 欢迎广大投资者积极参与。 特此公告。 安记食品股份有限公司董事会 2021 年 5 月 8 日 ...

Financial Performance - Operating revenue for the period reached CNY 130,391,437.96, representing a significant increase of 69.31% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 12,763,228.17, up 47.09% from the previous year[5] - Basic and diluted earnings per share were both CNY 0.06, reflecting a growth of 20.00% year-on-year[7] - The company's operating revenue for Q1 2021 was RMB 130,391,437.96, representing a 69.31% increase compared to RMB 77,015,378.93 in Q1 2020, primarily due to increased sales in circulation, catering, and e-commerce[15] - The net profit for Q1 2021 reached CNY 13,399,417.63, compared to CNY 9,674,424.95 in Q1 2020, indicating a year-over-year increase of about 38.3%[28] - The total comprehensive income for Q1 2021 was CNY 13,980,651.61, compared to CNY 11,878,978.76 in Q1 2020, indicating an increase of about 17.6%[25] Cash Flow - The net cash flow from operating activities was CNY 3,617,786.39, a decrease of 207.24% compared to the same period last year[5] - The net cash flow from operating activities improved to CNY 3,617,786.39 in Q1 2021, compared to a negative CNY 3,373,469.07 in Q1 2020[31] - Cash inflow from sales of goods and services reached CNY 125,185,742.92 in Q1 2021, significantly higher than CNY 72,993,924.42 in Q1 2020[31] - Total cash outflow from operating activities was CNY 122,892,551.78 in Q1 2021, compared to CNY 77,418,373.92 in Q1 2020, reflecting increased operational costs[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 622,734,797.60, a decrease of 0.47% compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, were RMB 622,734,797.60, slightly down from RMB 625,656,593.73 as of December 31, 2020[19] - Total liabilities decreased to CNY 52,072,131.46 in Q1 2021 from CNY 55,458,473.03 in Q1 2020, representing a reduction of approximately 6.9%[22] - The total liabilities decreased, with contract liabilities dropping by 41.19% to RMB 14,236,403.50 from RMB 24,208,067.45, as customer prepayments were recognized as revenue[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,710[11] - The largest shareholder, Lin Xiaofang, held 49.88% of the shares, with 8,060,000 shares pledged[11] Research and Development - Research and development expenses increased by 51.98% to RMB 2,830,957.89, driven by higher costs associated with the Shanghai R&D center[15] - Research and development expenses for Q1 2021 were CNY 2,830,957.89, compared to CNY 1,862,759.52 in Q1 2020, marking an increase of approximately 52%[23] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 156,981.61 during the reporting period[8] - Non-recurring gains and losses totaled CNY 783,748.21, after accounting for tax effects[9] - The company reported an investment income of RMB 370,469.03 for Q1 2021, a 156.37% increase from RMB 144,503.85 in Q1 2020, due to higher returns from financial products[15] - Investment income for Q1 2021 was CNY 370,469.03, up from CNY 144,503.85 in Q1 2020, representing a growth of about 156.5%[27] Future Outlook - The company has not indicated any significant changes in its future outlook or strategies during the reporting period[17]

Financial Performance - The company's operating revenue for 2020 was CNY 420,400,962.26, a slight decrease of 0.21% compared to CNY 421,296,738.60 in 2019[22]. - Net profit attributable to shareholders increased by 23.41% to CNY 52,817,549.90 from CNY 42,796,999.75 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 38,280,536.06, up 20.29% from CNY 31,824,767.80 in 2019[23]. - The net cash flow from operating activities was CNY 35,477,844.98, a decrease of 6.41% compared to CNY 37,905,922.33 in 2019[23]. - Total assets at the end of 2020 were CNY 625,656,593.73, down 1.81% from CNY 637,189,417.54 at the end of 2019[23]. - The net assets attributable to shareholders decreased by 4.31% to CNY 565,616,535.55 from CNY 591,089,966.56 in 2019[23]. - Basic earnings per share increased by 22.22% to CNY 0.22 in 2020 compared to CNY 0.18 in 2019[24]. - The weighted average return on equity rose by 2.05 percentage points to 9.14% in 2020 from 7.09% in 2019[24]. - Total revenue for Q4 2020 reached CNY 133,631,949.91, marking a significant increase from previous quarters[26]. - Net profit attributable to shareholders for Q3 2020 was CNY 15,492,533.16, showing a steady growth trend throughout the year[26]. Revenue and Market Performance - The revenue from curry block products, a key focus for the company, grew by 27.32% year-on-year, mitigating the impact of the pandemic[38]. - The overseas market revenue reached CNY 18.99 million, reflecting a significant growth of 43.73% year-on-year due to channel development in Southeast Asia[39]. - The company expanded its product line to include over 500 varieties of seasonings and health foods, enhancing its market presence[31]. - The East China region generated CNY 174.70 million in revenue, reflecting a growth of 5.65%, while the overseas market saw a substantial increase of 43.73% to CNY 18.99 million[47]. - The company's main business revenue increased by 2.88% year-on-year, while the main business cost rose by 9.06%, resulting in a decrease in gross profit margin by 3.74%[44]. Cost and Expenses - The company has implemented cost-saving measures, resulting in a 41.50% reduction in sales expenses compared to the previous year[43]. - Raw material costs increased by 17.68% year-on-year, primarily due to rising market prices[50]. - The gross profit margin for the food manufacturing sector was reported at 33.95%, a decrease of 3.74 percentage points compared to the previous year[46]. - The gross profit margin for the compound seasoning segment was 26.32%, with revenue of CNY 206,896,803.55, reflecting a year-on-year increase of 1.86%[62]. Investment and Development - The company invested CNY 9.26 million in the construction of a new production facility for seasoning bone soup products, with a planned annual output of 10,000 tons[39]. - The company has established a digital management platform to enhance operational efficiency, integrating AI and automation into daily workflows[38]. - A new fully automated production line for curry blocks, capable of producing 10,000 boxes per hour, is expected to be operational by August 2021[75]. - The company plans to expand its product structure and enhance its competitiveness in the food brand market, focusing on safety, quality, customer satisfaction, and innovation[73]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 58,800,000 to shareholders[5]. - In 2020, the company distributed a total of 58.8 million RMB in cash dividends, which accounted for 111.33% of the net profit attributable to ordinary shareholders[80]. - The company has a profit distribution policy that emphasizes a stable cash dividend, with a minimum cash distribution of 30% of the distributable profit when the net profit is positive[79]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive profits, which requires detailed disclosure of reasons and future plans[80]. Risks and Compliance - The company faces risks related to food safety, raw material price fluctuations, and potential economic downturns affecting consumer spending[76][77]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact financial statements[91]. - The company has not encountered any issues regarding the integrity of its controlling shareholders or actual controllers during the reporting period[94]. - The company has no major litigation or arbitration matters reported for the year[93]. Employee and Management Information - The company has established a scientific and standardized salary management system to enhance employee motivation and competitiveness[134]. - The company has a dedicated training management department to improve employee skills and quality, ensuring alignment with management goals[135]. - The total remuneration for all directors, supervisors, and senior management was CNY 2,391,734.25[130]. - The company employed 37 R&D personnel, making up 10.82% of the total workforce[54]. Financial Position and Assets - The total amount of cash and cash equivalents decreased by 16.92% to 89,446,951.30 from 107,659,360.51[58]. - The total liabilities rose to CNY 60,040,058.18, an increase of 30.2% compared to CNY 46,099,450.98 in 2019[167]. - The company's total assets were CNY 625,656,593.73, a decrease of 1.8% from CNY 637,189,417.54 in 2019[167]. - Shareholders' equity decreased to CNY 565,616,535.55, down from CNY 591,089,966.56, reflecting a decline of 4.3%[167].

Financial Performance - Net profit attributable to shareholders increased by 8.79% to CNY 32,716,401.09 for the third quarter[7] - The company reported a net profit of CNY 39,290,850.01 for the first nine months, an increase of 2.37% year-on-year[6] - Basic earnings per share decreased by 5.56% to CNY 0.17[7] - Net profit for the first three quarters of 2020 was CNY 2,325,384.23, down from CNY 4,664,632.59 in the same period of 2019, reflecting a decline of approximately 50.3%[26] - The net profit for Q3 2020 reached ¥15.49 million, compared to ¥10.15 million in Q3 2019, indicating a year-over-year increase of 52.06%[29] - The net profit for Q3 2020 was CNY 14,046,903.48, a decrease from CNY 36,149,141.31 in Q3 2019, representing a decline of approximately 61.2%[31] - The total profit for Q3 2020 was CNY 16,229,766.38, compared to CNY 41,936,176.99 in the same period last year, indicating a decrease of about 61.2%[31] Revenue and Costs - Operating revenue for the first nine months decreased by 6.60% to CNY 286,769,012.35 compared to the same period last year[6] - Total revenue for Q3 2020 was CNY 108,460,832.68, an increase from CNY 98,374,654.79 in Q3 2019, representing a growth of approximately 11.1%[25] - Total operating costs for Q3 2020 were CNY 92,961,783.79, compared to CNY 88,286,422.73 in Q3 2019, indicating an increase of about 8.3%[26] Assets and Liabilities - Total assets decreased by 5.42% to CNY 602,635,930.81 compared to the end of the previous year[6] - Total liabilities decreased by 4.43% to ¥43,682,080.05 from ¥45,696,371.21, with accounts payable rising by 51.16% to ¥10,866,015.21 from ¥7,188,438.73[19] - Total assets as of September 30, 2020, were CNY 615,842,515.90, a decrease from CNY 648,439,279.78 at the end of 2019, representing a reduction of about 5.0%[24] - Total liabilities as of September 30, 2020, were CNY 40,557,579.28, compared to CNY 37,621,214.53 at the end of 2019, showing an increase of approximately 5.2%[24] Cash Flow - Net cash flow from operating activities decreased by 62.91% to CNY 16,274,910.23 for the first nine months[6] - Cash flow from operating activities for the first three quarters of 2020 was CNY 16,274,910.23, down from CNY 43,877,194.19 in the previous year, reflecting a decline of approximately 62.9%[33] - The company reported a decrease in cash flow from operating activities, with cash inflows totaling CNY 343,946,354.22 in the first three quarters of 2020, down from CNY 791,055,651.88 in the same period last year, a decline of approximately 56.5%[32] - Cash inflow from investment activities in Q3 2020 was CNY 509,100,880.35, an increase from CNY 353,261,232.03 in Q3 2019, marking a growth of about 44.2%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,273[12] - The largest shareholder, Lin Xiaofang, holds 51.88% of the shares, with 17,400,000 shares pledged[12] Government Subsidies and Other Income - Government subsidies recognized in the first nine months amounted to CNY 3,304,648.33[9] - Non-operating income for the first nine months totaled CNY 6,574,448.92[10] - Other income increased by 47.39% to ¥3,304,648.33 from ¥2,242,180.65, primarily due to increased government subsidies[15] Inventory and Receivables - Accounts receivable increased by 38.09% to ¥17,576,330.82 compared to ¥12,727,981.62 at the end of 2019, primarily due to outstanding payments from customers at the end of the reporting period[14] - Prepayments rose by 78.81% to ¥28,246,664.21 from ¥15,796,707.05, mainly due to increased advance payments for bulk materials[14] - Other receivables increased by 38.40% to ¥1,218,660.66 from ¥880,561.25, attributed to an increase in advances[14] Financial Standards and Changes - The company implemented new revenue and lease standards starting January 1, 2020, affecting the financial statements[38] - The company implemented a new revenue recognition standard effective January 1, 2020, adjusting customer prepayments from current liabilities to contract liabilities[43]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥178,330,564.68, a decrease of 14.52% compared to ¥208,628,736.81 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was ¥23,798,316.85, down 15.83% from ¥28,274,336.31 in the previous year[18]. - The net cash flow from operating activities decreased significantly by 82.86%, amounting to ¥8,032,489.45 compared to ¥46,859,334.34 in the same period last year[18]. - The total assets at the end of the reporting period were ¥577,531,220.69, a decline of 9.36% from ¥637,189,417.54 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 7.72%, totaling ¥545,461,324.65 compared to ¥591,089,966.56 at the end of the previous year[18]. - Basic earnings per share for the first half of 2020 were ¥0.10, a decrease of 23.08% from ¥0.13 in the same period last year[19]. - The weighted average return on net assets was 4.19%, down 0.56 percentage points from 4.75% in the previous year[19]. - The company reported a total comprehensive income of CNY 24,931,358.09 for the first half of 2020, down from CNY 28,488,947.25 in the previous year[80]. Cash Flow and Investments - Investment activities generated a net cash flow of $97.05 million, an increase of 143.77% compared to $39.81 million last year[33]. - The company's cash and cash equivalents increased by 32.69% to $142.85 million from $107.66 million year-on-year[37]. - The total cash outflow from operating activities was approximately ¥208.54 million, compared to ¥503.89 million in the first half of 2019[86]. - The company reported a net increase in cash and cash equivalents of ¥38,998,391.55 for the first half of 2020, contrasting with a net decrease of ¥9,165,819.36 in the first half of 2019[90]. Risks and Challenges - The company has disclosed potential risks in its report, which may affect future development plans[6]. - The company faces food safety control risks despite having established a strict quality control system[45]. - The company is exposed to raw material price fluctuation risks, particularly for agricultural products like pepper and sugar, which can impact gross margins[45]. - The company anticipates potential risks from declining industry prosperity due to macroeconomic downturns and high-end dining sector declines[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,717[62]. - The largest shareholder, Lin Xiaofang, held 122,014,433 shares, representing 51.88% of the total shares, with 42,400,000 shares pledged[63]. - The company distributed dividends totaling ¥70,560,000.00 in the first half of 2020, down 28.3% from ¥98,280,000.00 in the same period of 2019[90]. Research and Development - The company is focusing on enhancing R&D capabilities and optimizing production processes to strengthen its market position[26]. - Research and development expenses decreased by 9.12% to $4.78 million from $5.26 million, primarily due to reduced material costs[34]. - The company has over 500 varieties of products in the seasoning category, including compound seasoning powders and natural extract seasonings[23]. Accounting and Compliance - The financial statements were approved for release on August 14, 2020, by the company's board of directors[118]. - The company adheres to the accounting standards and ensures that the financial statements reflect its financial position and operating results accurately[121]. - The company has committed to maintaining strict reporting on shareholdings by its directors and controlling shareholders during their tenure[49]. Market Position and Strategy - The company has established a sales network covering 25 provinces, autonomous regions, and municipalities across the country[28]. - The company is expanding its product range into health foods through OEM production since 2018[23]. - The company plans to repurchase all newly issued shares if there are any false records or misleading statements in the prospectus, as determined by the China Securities Regulatory Commission[50].

Financial Performance - Operating revenue for the reporting period was CNY 77,015,378.93, representing a decline of 36.13% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 8,676,903.39, down 2.08% from the previous year[5] - Basic earnings per share decreased by 16.67% to CNY 0.05[5] - Total operating revenue for Q1 2020 was ¥77,015,378.93, a decrease of 36.1% compared to ¥120,584,334.59 in Q1 2019[27] - Net profit for Q1 2020 was ¥10,711,978.31, a decline of 19.7% from ¥13,349,649.90 in Q1 2019[28] - The company reported a total comprehensive income of ¥11,878,978.76 for Q1 2020, slightly down from ¥12,165,852.24 in Q1 2019[29] Cash Flow - The net cash flow from operating activities improved significantly, with a net cash outflow of CNY 3,373,469.07, an 87.89% improvement compared to the previous year[5] - In Q1 2020, the company reported cash inflows from operating activities of CNY 74,044,904.85, a decrease of 63.7% compared to CNY 204,117,292.83 in Q1 2019[35] - The net cash flow from operating activities was negative at CNY -3,373,469.07, improving from CNY -27,868,172.67 in the same period last year[35] - The net cash flow from investment activities was CNY -24,895,674.47, compared to CNY 13,514,321.45 in Q1 2019, indicating a significant decline[36] - The company experienced a net decrease in cash and cash equivalents of CNY -27,556,969.66, worsening from CNY -15,468,868.14 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 635,532,331.27, a decrease of 0.26% compared to the end of the previous year[5] - Current assets totaled CNY 385.20 billion, a slight decrease from CNY 386.53 billion[19] - Accounts receivable increased to CNY 19.30 million, up from CNY 12.73 million, representing a growth of approximately 51.5%[19] - Total liabilities decreased to CNY 32.56 billion from CNY 46.10 billion, a reduction of approximately 29.3%[20] - Current liabilities totaled CNY 32.02 billion, down from CNY 45.70 billion, indicating a decrease of about 29.9%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,074[11] - The largest shareholder, Lin Xiaofang, held 52.88% of the shares, with 42,400,000 shares pledged[11] - Shareholders' equity increased to CNY 602.97 billion from CNY 591.09 billion, reflecting a growth of approximately 2.3%[21] Other Financial Metrics - The weighted average return on equity decreased by 0.26 percentage points to 1.79%[5] - The company recognized non-operating income of CNY 2,035,074.92, which includes government subsidies and other non-recurring gains[8] - The company's investment income dropped by 95.26% to ¥144,503.85 in Q1 2020, compared to ¥3,047,728.21 in Q1 2019, attributed to changes in financial instrument standards[15] - The company recorded a financial income of ¥624,481.83 in Q1 2020, compared to ¥1,421,942.49 in Q1 2019[28] Strategic Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company has not indicated any significant changes in its future outlook or strategic initiatives during the reporting period[16] - The company is implementing new revenue and leasing standards starting in 2020, which may impact financial reporting[39]

Financial Performance - The company's operating revenue for 2019 was RMB 421,296,738.60, representing a 24.27% increase compared to RMB 339,010,123.47 in 2018[22] - The net profit attributable to shareholders for 2019 was RMB 42,796,999.75, an increase of 8.40% from RMB 39,482,338.77 in the previous year[22] - The net profit after deducting non-recurring gains and losses was RMB 31,824,767.80, showing a 2.01% increase from RMB 31,198,185.52 in 2018[22] - The net cash flow from operating activities was RMB 37,905,922.33, up 10.83% from RMB 34,202,997.38 in 2018[22] - Basic earnings per share increased by 5.88% to CNY 0.18 in 2019 compared to CNY 0.17 in 2018[23] - The weighted average return on equity rose to 7.09%, an increase of 1.57 percentage points from 5.52% in 2018[23] - The company reported a total comprehensive income of ¥40,083,538.16 for 2019, down from ¥42,083,658.86 in the previous year[185] - The company reported a total comprehensive income of CNY 42,796,999.75 for 2019, reflecting a strong performance[199] Assets and Liabilities - The total assets at the end of 2019 were RMB 637,189,417.54, a decrease of 8.44% from RMB 695,898,137.96 at the end of 2018[22] - The net assets attributable to shareholders decreased by 8.60% to RMB 591,089,966.56 from RMB 646,689,888.84 in 2018[22] - Total liabilities decreased to ¥37,621,214.53 from ¥45,112,138.09 in the previous year[184] - Total equity decreased to ¥610,818,065.25 from ¥672,654,533.07 in 2018[184] - The company's retained earnings decreased from ¥162,837,397.57 in 2018 to ¥106,798,557.96 in 2019, a decline of about 34.5%[179] Revenue Streams - The overall revenue from main business activities was CNY 290,189,413.00, with a gross margin of 37.69%[70] - Revenue from compound seasoning powder decreased by 2.71% to ¥203,128,122.67, while revenue from sauce seasoning increased by 20.38% to ¥35,902,291.32[51] - The solid beverage segment experienced significant growth, with a revenue increase of 1,323.56% year-on-year, totaling CNY 11,071,450.50[69] - The East China region generated ¥165,368,886.38 in revenue, a year-on-year increase of 6.04%[51] Investments and R&D - The company invested 90.38 million yuan in the construction of a production project for 10,000 tons of 1:1 Liqiao packaged broth products[39] - Research and development expenses rose by 24.28% to ¥13,180,385.04, indicating a focus on innovation[47] - The company has developed 10 patents and is a leading entity in drafting industry standards for various seasoning products[35] - The company has allocated CNY 870,082,732.50 for investments in fixed assets and other long-term assets in 2019, indicating a strategic focus on growth initiatives[195] Market Strategy and Expansion - The company has expanded its sales network to cover 2,958 new retail outlets, with an investment of 11.63 million yuan in entry fees[40] - The company is focusing on developing customized seasoning solutions for the growing demand in the fast-food sector, particularly benefiting from the rise of delivery services[79] - The company plans to expand its market share in the curry block product category by leveraging both online and offline channels, aiming for a steady increase in overall market penetration[82] - The company’s e-commerce business continues to grow, contributing to the integration of online and offline sales channels[38] Risk Management - The company has described industry risks and potential challenges in its future development discussions[7] - The company faces risks related to fluctuations in raw material prices, particularly for key agricultural products, which could impact profit margins[84] - The company acknowledges potential risks from macroeconomic downturns affecting consumer spending, which could lead to industry consolidation and product restructuring[84] Shareholder and Governance - The company has a cash dividend policy that mandates a minimum of 30% of the distributable profit to be allocated as cash dividends when the net profit is positive[88] - In 2019, the company distributed a total of 70,560,000 RMB in cash dividends, representing 164.87% of the net profit attributable to ordinary shareholders[89] - The actual controller and shareholders committed to not transferring or entrusting their shares for 36 months post-IPO, ensuring stability in shareholding[90] - The company will repurchase shares if the stock price falls below the audited net asset value per share for 20 consecutive trading days, demonstrating a commitment to shareholder value[92] Compliance and Internal Control - The company has maintained compliance with all relevant accounting standards and regulations, ensuring accurate financial reporting[106] - The audit report confirms that the financial statements fairly reflect the company's financial position and performance for the year ended December 31, 2019[165] - The company has not reported any significant deficiencies in internal control during the reporting period[161] - The company has established internal control management systems to improve governance and operational standards[155] Employee and Management - The total number of employees in the parent company is 343, with a combined total of 356 employees including major subsidiaries[150] - The company has established a scientific and standardized salary management system to enhance fairness, motivation, and competitiveness in its compensation policy[151] - Lin Xiaofang, the chairman, has held various executive roles since the establishment of the company, indicating strong leadership continuity[145] - The company has not granted any stock incentives to directors and senior management during the reporting period[146]

Financial Performance - Operating income increased by 32.68% to CNY 307,018,820.98 for the period from January to September[6] - Net profit attributable to shareholders increased by 25.66% to CNY 38,379,419.37 for the period from January to September[6] - Basic earnings per share rose by 28.57% to CNY 0.18[7] - Total revenue for Q3 2019 reached ¥98,374,654.79, an increase of 27.4% compared to ¥77,151,582.45 in Q3 2018[29] - Net profit for the first three quarters of 2019 was ¥34,759,887.01, compared to ¥27,780,417.87 in the same period of 2018, indicating a year-on-year increase of 25.1%[29] - The total profit for the first three quarters of 2019 was CNY 41,936,176.99, compared to CNY 37,918,812.04 in the same period of 2018, indicating a year-on-year increase of 8.4%[32] - The company's total comprehensive income for Q3 2019 was CNY 6,861,615.77, down from CNY 9,870,896.29 in Q3 2018, indicating a decline of about 30.4%[33] Assets and Liabilities - Total assets decreased by 11.74% to CNY 614,194,027.09 compared to the end of the previous year[6] - The total assets decreased to RMB 614,194,027.09 from RMB 695,898,137.96, reflecting a reduction in current assets[22] - The company's total assets as of September 30, 2019, amounted to ¥640,877,454.51, a decrease from ¥717,766,671.16 at the end of 2018[26] - The total liabilities as of September 30, 2019, were ¥31,181,580.57, down from ¥45,112,138.09 at the end of 2018, showing a reduction of 30.9%[27] - The company’s total liabilities decreased to RMB 26,497,807.31 from RMB 49,208,249.12, indicating improved financial stability[23] - Cash and cash equivalents decreased to ¥25,708,927.09 from ¥203,144,279.88 at the end of 2018, representing a significant drop of 87.3%[25] Cash Flow - Net cash flow from operating activities improved significantly, with a net inflow of CNY 43,877,194.19 compared to a net outflow of CNY -18,188,879.84 in the same period last year, representing a 341.23% increase[6] - The total cash inflow from operating activities for the first three quarters of 2019 was CNY 791,055,651.88, compared to CNY 553,789,067.27 in the same period of 2018, indicating an increase of about 42.9%[34] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 43,877,194.19, a significant improvement from a net outflow of CNY 18,188,879.84 in the previous year[34] - Total cash inflow from operating activities reached ¥730,484,133.63, up 35% from ¥540,830,554.20 in the same period last year[38] - Cash outflow from operating activities was ¥687,020,196.54, an increase of 24% compared to ¥552,667,845.31 in Q3 2018[38] Shareholder Information - The total number of shareholders reached 12,164[14] - The largest shareholder, Lin Xiaofang, holds 53.00% of the shares, with 53,340,000 shares frozen[14] Research and Development - Research and development expenses for the first three quarters of 2019 were ¥8,410,424.38, an increase of 25.2% compared to ¥6,712,832.26 in the same period of 2018[29] - Research and development expenses for Q3 2019 amounted to CNY 3,151,375.42, which is a 14.2% increase from CNY 2,759,633.16 in Q3 2018[32] Other Financial Metrics - The weighted average return on net assets increased by 1.31 percentage points to 6.39%[7] - The company reported a total of CNY 1,626,623.40 in non-operating income for the period[11] - The company reported a fair value change income of CNY 1,470,345.96 in Q3 2019, compared to CNY 2,979,972.90 in the previous quarter[32] - The company incurred a credit impairment loss of CNY 20,262.95 in Q3 2019, compared to a gain of CNY 63,704.28 in the previous quarter[32]