有友食品股份有限公司投资者关系活动记录表 证券代码：603697 证券简称：有友食品 | --- | --- | --- | |-------|------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □特定对象调研 | □分析师会议 | | | □媒体采访 | ☑ 业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | □其他 | | | 社会公众 | | | | | | | | 2022 年5月 31 日 | | | | 上证路演中心 | | | | 鹿有忠、崔海彬、刘渝灿、杨安福 | ...

2022 年第三季度报告 证券代码：603697 证券简称：有友食品 有友食品股份有限公司 2022 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法律责任。 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。 公司负责人鹿有忠、主管会计工作负责人崔海彬及会计机构负责人（会计主管人员）胡世平 保证季度报告中财务信息的真实、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 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 250,253,353.27 | -22.86 | 738,83 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥488.59 million, a decrease of 19.08% compared to ¥603.80 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥60.97 million, down 53.02% from ¥129.79 million in the previous year[19]. - The net cash flow from operating activities decreased by 46.82%, amounting to approximately ¥90.74 million compared to ¥170.63 million in the same period last year[21]. - The basic earnings per share for the first half of 2022 was ¥0.19, a decline of 54.76% from ¥0.42 in the same period last year[20]. - The weighted average return on net assets decreased by 3.95 percentage points to 3.19% compared to 7.14% in the previous year[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥51.11 million, down 56.69% from ¥118.02 million in the same period last year[19]. - The company reported a total profit of ¥72,976,957.95 for the first half of 2022, down 52.1% from ¥152,441,642.75 in the same period of 2021[98]. - The company’s total comprehensive income for the first half of 2022 was ¥60,973,490.72, compared to ¥129,789,471.53 in the first half of 2021[99]. - Operating profit for the first half of 2022 was ¥71,888,438.44, a decrease of 52.5% from ¥151,353,000.79 in the previous year[98]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.14 billion, showing a slight increase of 0.94% from ¥2.12 billion at the end of the previous year[19]. - The total equity attributable to shareholders at the end of the first half of 2022 was CNY 1,251,861,343.46, consistent with the previous year[121]. - The total liabilities at the end of the first half of 2022 were CNY 552,716,688.13, indicating a stable financial position[119]. - The company's equity attributable to shareholders decreased to ¥1,776,425,818.13 from ¥1,901,233,630.33, a decline of about 6.6%[91]. - Current liabilities rose significantly to ¥327,524,965.96, compared to ¥183,223,280.98, marking an increase of about 78.6%[91]. Cash Flow - The company reported a significant increase in cash and cash equivalents to ¥313,217,966.38, mainly due to the redemption of bank wealth management investments[39]. - The company’s accounts payable decreased by 50.82% to ¥30,504,728.12, reflecting reduced raw material payables[39]. - The cash balance at the end of the period was RMB 310,817,966.38, compared to RMB 151,506,667.76 at the end of the previous year[105]. - The company received RMB 652,000,000.00 from investment recoveries, down from RMB 1,390,000,000.00 in the first half of 2021[105]. - The company’s cash inflow from operating activities totaled RMB 519,723,475.46, a decrease of 20.5% from RMB 654,643,293.47 in the previous year[104]. Business Operations - The main business focus is on the development, production, and sales of spicy marinated snacks, with the leading product being marinated chicken feet[26]. - The sales model is primarily offline, with over 95% of sales through distributors, supplemented by online channels[28]. - The company has established a procurement model combining "production-based ordering" and safety stock to optimize raw material costs[26]. - The company aims to expand its procurement sources through the establishment of a subsidiary for international raw material sourcing[26]. - The company is positioned to benefit from industry consolidation as smaller, non-compliant firms are expected to exit the market due to stricter regulations[29]. Shareholder Information - The company reported a total of 309,045,600 shares outstanding, with 70.91% being restricted shares prior to the recent changes[74]. - Following the public offering, 214,642,078 restricted shares were released for trading on May 9, 2022, significantly impacting the share structure[75]. - The company completed the repurchase and cancellation of 516,585 restricted shares on July 20, 2022, reducing the total shares to 308,529,015[76]. - The top shareholder, Lu Youzhong, holds 151,933,520 shares, representing 49.16% of the total shares[80]. - Zhao Ying, the second-largest shareholder, owns 39,572,667 shares, accounting for 12.80%[80]. Environmental Responsibility - The company actively undertook environmental responsibilities and complied with all environmental policies, with no violations or penalties reported during the reporting period[59]. - The company is not classified as a key pollutant discharge unit and has effectively implemented environmental protection measures[59]. - There were no administrative penalties due to environmental issues during the reporting period[59]. Strategic Initiatives - The company established Shanghai Youyou Food Co., Ltd. in February 2022 to expand its marketing network in East China, aiming for new growth opportunities[33]. - The company completed the first phase of its restricted stock incentive plan, enhancing its long-term incentive mechanism to attract and retain talent[34]. - The company plans to diversify its product offerings to mitigate risks associated with a single product structure[48]. - The company aims to maintain competitive advantages through quality optimization and cost control amid increasing market competition[48]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[120]. Financial Reporting and Compliance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect the true financial condition and operating results[137]. - The company operates on a fiscal year from January 1 to December 31[138]. - The company’s financial statements are prepared based on the assumption of going concern, supported by a history of profitable operations and financial resources[136]. - The group’s financial instruments include both assets and liabilities, with specific criteria for classification and measurement[151]. Risk Management - The company faces risks related to food quality control, with measures in place to enhance safety management systems[46]. - Raw material costs constitute over 80% of the main business costs, exposing the company to price fluctuation risks[47]. - The company assesses credit risk for accounts receivable based on factors such as disputes, litigation, and indications of potential default[172].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 1.22 billion, an increase of 11.62% compared to CNY 1.09 billion in 2020[23]. - The net profit attributable to shareholders of the listed company for 2021 was approximately CNY 219.84 million, a decrease of 2.65% from CNY 225.83 million in 2020[23]. - The net cash flow from operating activities increased by 105.90% year-on-year, reaching approximately CNY 247.58 million, primarily due to an increase in cash received from sales[24]. - The total assets of the company at the end of 2021 were approximately CNY 2.12 billion, reflecting a growth of 10.26% from CNY 1.92 billion at the end of 2020[23]. - The company's net assets attributable to shareholders at the end of 2021 were approximately CNY 1.90 billion, an increase of 7.59% from CNY 1.77 billion at the end of 2020[23]. - Basic earnings per share for 2021 were CNY 0.72, a decrease of 2.70% compared to CNY 0.74 in 2020[24]. - The weighted average return on equity for 2021 was 12.02%, down from 13.55% in 2020[24]. - The company achieved operating revenue of RMB 1,219,673,293.94 in 2021, representing a year-on-year growth of 11.62%[34]. - The net profit attributable to shareholders was RMB 219,838,024.82, with a significant increase in cash flow from operating activities, which reached RMB 247,580,890.02, up 105.90% year-on-year[34]. - Operating costs rose to CNY 829.92 million, reflecting a year-on-year increase of 12.44%[47]. Sales and Market Performance - Online sales revenue reached RMB 33,992,000, marking a year-on-year increase of 34.65%[35]. - The Southwest region generated approximately RMB 680 million in sales, reflecting a growth of 9.63%[35]. - The East China region achieved sales of approximately RMB 267 million, with a year-on-year growth of 11.81%[35]. - The sales volume of the main product, spicy chicken feet, increased by 5.33% year-on-year, with a production volume of 25,090.76 tons[50]. - The company reported a significant increase in the production and sales of other products, with increases of 80.20% and 73.19% respectively, mainly due to the rise in turkey wing products[50]. - The main product, "Spicy Chicken Feet," accounted for over 80% of total sales, indicating strong brand recognition and market influence[72]. Research and Development - The company launched 14 new R&D projects, including the introduction of new products such as tiger skin chicken feet and boneless series products[34]. - Total R&D expenditure was 3.12 million yuan, which is 0.26% of total revenue[57]. - The company has a dedicated R&D center recognized as a technology center, ensuring the advancement of its product technology[43]. - The company has been actively involved in the development of new food products and technologies, with a focus on innovative food research since 2012[90]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[83]. - The supervisory board has 3 members, including 1 employee representative, also meeting legal and regulatory standards[83]. - The company held 6 board meetings during the reporting period, with all procedures and records adhering to regulations[83]. - The company actively communicated with investors through performance briefings and interactive platforms, ensuring timely and accurate information disclosure[84]. - The company respects the rights of stakeholders and aims for a balance of interests among shareholders, employees, and society[85]. - The company has established a strong governance structure with independent directors overseeing operations and compliance[92]. Risk Management - The company has disclosed potential risks in the "Management Discussion and Analysis" section of the report[8]. - The company faces risks related to food quality control, with strict adherence to safety standards and ongoing improvements to its food safety management system[78]. - Raw material costs constitute over 80% of the main business costs, and the company is implementing strategies to mitigate risks from price fluctuations[79]. - The company recognizes the risk of a single product structure, with Spicy Chicken Feet dominating revenue, and plans to diversify its product offerings to enhance resilience[80]. Employee and Training - The company has a total of 1,502 employees, with 141 in the parent company and 1,361 in major subsidiaries[105]. - The workforce includes 874 production personnel, 237 sales personnel, 88 technical personnel, 29 financial personnel, and 274 administrative personnel[106]. - The company organized a total of 1,195 training sessions during the reporting period, with a total of 23,970 participants[108]. - The company has a comprehensive training program that includes onboarding for new employees and skill enhancement for existing staff, contributing to overall employee quality improvement[108]. Financial Management - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the fiscal year, representing a 20% growth compared to the previous year[130]. - The company has committed to a share buyback program, aiming to repurchase up to 10 million shares over the next 12 months[130]. - The company reported a total of RMB 3,430,000,000 in entrusted financial management, with an outstanding balance of RMB 1,100,000,000[142]. - The company has invested RMB 130,000,000 in bank wealth management products with an annualized return of 3.20%[142]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[130]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[130]. - The company aims to build a century-old brand and promote traditional Chinese cuisine on a global scale[74].

Financial Performance - The company's operating revenue for Q1 2022 was ¥266,463,316.66, representing a decrease of 5.26% compared to the same period last year[4] - Net profit attributable to shareholders was ¥21,435,453.43, down 64.31% year-on-year[4] - Basic and diluted earnings per share were both ¥0.07, reflecting a decline of 65.00%[4] - The net profit for Q1 2022 was CNY 21,435,453.43, a decrease of 64.3% compared to CNY 60,061,024.26 in Q1 2021[16] - The total comprehensive income for Q1 2022 was CNY 21,435,453.43, reflecting a decrease of 64.3% compared to CNY 60,061,024.26 in the same quarter of the previous year[17] Cash Flow - The net cash flow from operating activities decreased by 77.44% to ¥21,817,389.61[4] - The cash flow from operating activities showed a net inflow of CNY 21,817,389.61, significantly lower than CNY 96,711,751.73 in Q1 2021[19] - The company experienced a cash inflow of CNY 2,251,358.64 in Q1 2022, contrasting with a cash outflow of CNY 255,315,436.52 in the same quarter last year[19] - The cash and cash equivalents at the end of Q1 2022 amounted to CNY 164,243,049.66, compared to CNY 181,573,759.46 at the end of Q1 2021[19] Operating Costs and Expenses - Total operating costs increased to CNY 240,333,598.57, up 11.6% from CNY 215,297,653.54 in the same period last year[15] - The total operating expenses increased to CNY 272,135,374.57, up from CNY 225,195,144.87 in Q1 2021[19] - Gross profit margin for Q1 2022 was approximately 9.8%, down from 23.4% in Q1 2021[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,119,267,367.78, a slight increase of 0.04% from the end of the previous year[5] - Current assets totaled CNY 1,579,853,286.85 as of March 31, 2022, slightly down from CNY 1,594,499,263.27 at the end of 2021[12] - Non-current assets increased to CNY 539,414,080.93 from CNY 523,911,290.61, indicating investment in long-term growth[12] - Total liabilities decreased to CNY 193,565,897.87 from CNY 217,176,923.55, reflecting improved financial stability[13] - Shareholders' equity attributable to the parent company increased by 1.29% to ¥1,925,701,469.91[5] - Shareholders' equity rose to CNY 1,925,701,469.91, up from CNY 1,901,233,630.33, indicating a strengthening balance sheet[13] Market and Economic Factors - The decline in net profit was primarily due to rising prices of raw materials and energy, influenced by the macroeconomic environment[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,591[9] Research and Development - Research and development expenses for Q1 2022 were CNY 598,592.23, a slight increase from CNY 522,901.21 in Q1 2021, highlighting ongoing innovation efforts[15]

证券代码：603697 证券简称：有友食品 公告编号：2021-062 有友食品股份有限公司 关于参加重庆辖区 2021 年投资者网上集体 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工作，有友食品股份有限公司（以下简称 "公司"）将参加由重庆证监局指导，重庆上市公司协会联合上证所信息网络有 限公司共同举办的"重庆辖区 2021 年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采取网络远程的方式进行，投资者可以登 录上证路演中心网站 （http://roadshow.sseinfo.com/）参与本次投资者集体 接待日活动，活动时间为 2021 年 11 月 25 日（星期四）15:00-17:00。 届时,公司董事长、总经理鹿有忠先生，董事、财务总监崔海彬先生及董事 会秘书刘渝灿先生将通过网络在线交流形式，就公司治理、经营发展现状、发展 战略等投资者关心的问题进行沟通与交流。 欢迎广大投资者踊跃参与！ 特此公告。 有友食品股份有限 ...

2021 年第三季度报告 证券代码：603697 证券简称：有友食品 有友食品股份有限公司 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 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 324,400,487.09 | 19.59 | 928,201,708.89 | 13.78 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 603,801,221.80, representing a 10.89% increase compared to CNY 544,507,772.86 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 129,789,471.53, a slight increase of 0.33% from CNY 129,368,852.09 in the previous year[18]. - The basic earnings per share for the first half of 2021 remained stable at CNY 0.42, unchanged from the same period last year[19]. - The total operating revenue for the first half of 2021 reached ¥603,801,221.80, an increase of 10.9% compared to ¥544,507,772.86 in the same period of 2020[97]. - Net profit for the first half of 2021 was ¥129,789,471.53, slightly higher than ¥129,368,852.09 in the previous year, indicating a growth of 0.3%[98]. - The total profit for the first half of 2021 was ¥152,441,642.75, slightly up from ¥151,964,519.81 in the previous year, indicating a marginal increase of 0.3%[98]. Cash Flow - The net cash flow from operating activities surged by 564.59%, reaching CNY 170,634,389.84, primarily due to increased cash receipts from sales and reduced cash payments for raw materials[20]. - The net cash flow from operating activities for the first half of 2021 was ¥170,634,389.84, a significant increase from ¥25,675,013.70 in the same period of 2020, representing a year-over-year growth of approximately 564%[105]. - The total cash inflow from investment activities was ¥1,406,227,354.63, compared to ¥1,888,544,788.05 in the first half of 2020, indicating a decrease of about 25.5%[105]. - The net cash flow from investment activities was -¥395,357,130.97, worsening from -¥39,088,752.36 in the previous year[105]. - The total cash and cash equivalents at the end of the period stood at ¥151,506,667.76, down from ¥370,275,136.76 at the end of the first half of 2020, a decrease of approximately 59%[106]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,978,595,277.18, up 2.99% from CNY 1,921,211,975.28 at the end of the previous year[18]. - Total liabilities rose to CNY 174,017,245.59, compared to CNY 154,057,054.16, indicating an increase of about 12.9%[92]. - Owner's equity reached CNY 1,804,578,031.59, up from CNY 1,767,154,921.12, reflecting a growth of approximately 2.1%[92]. - The total current assets as of June 30, 2021, were ¥1,510,711,601.65, up from ¥1,475,146,254.51, marking an increase of 2.4%[90]. - The total owner's equity at the end of the period was CNY 1,210,384,347.38[121]. Research and Development - Research and development expenses rose by 16.45% to 1.27 million yuan, reflecting the company's commitment to innovation[35]. - The company has a dedicated R&D center recognized as a technology center, integrating modern biotechnology with traditional methods[31]. - The company is focused on enhancing its product research and development processes to maintain a competitive edge in the market[44]. Market and Product Strategy - The main business focuses on the research, production, and sales of marinated snacks, with the leading product being marinated chicken feet[26]. - The market for marinated snacks in China is expected to grow at a compound annual growth rate (CAGR) of 11% from 2019 to 2022[28]. - The company launched three new flavors of boneless chicken feet and duck feet to meet diverse consumer demands[32]. - The company plans to diversify its product offerings by developing more types and flavors of snacks to enhance overall sales and profitability[43]. Risk Management - The company faced risks related to food quality control, emphasizing the importance of strict adherence to safety standards[42]. - The company faces risks from market competition, with over 600 companies producing similar products in China, particularly concentrated in Chongqing and Sichuan[43]. - Raw materials constitute approximately 80% of the company's main business costs, making it vulnerable to price fluctuations in key ingredients like chicken feet and soybeans[44]. - To mitigate competition, the company will optimize product quality, improve after-sales service, and strengthen its market penetration capabilities[44]. Shareholder and Equity Information - The total number of shares increased from 304,545,000 to 308,125,000, reflecting an increase of 3,580,000 shares, which is approximately 1.17%[72]. - The largest shareholder, Lu Youzhong, holds 151,933,520 shares, representing 49.31% of the total shares[78]. - The company has established a stock transfer limit for directors and senior management, restricting annual transfers to 25% of their total holdings[57]. - The company plans to continue its stock incentive program with additional grants scheduled for 2023 and 2024[74]. Environmental Responsibility - The company reported no administrative penalties related to environmental issues during the reporting period[53]. - The company and its subsidiaries actively fulfilled environmental responsibilities and complied with all environmental policies[53]. - There were no violations of environmental laws or regulations, nor any pollution incidents during the reporting period[53]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition and operating results[132]. - The company’s financial statements are prepared based on actual transactions and events, following relevant regulations and accounting policies[130]. - The company recognizes interest income based on the effective interest method for financial assets classified as amortized cost[145]. Employee and Management Practices - The company has implemented a stock incentive plan to motivate employees and align their interests with shareholders[50]. - The company has not disclosed any employee stock ownership plans or other incentive measures[56]. - The company recognizes termination benefits as a liability when it can no longer withdraw the termination plan or when it incurs costs related to restructuring[196].

Financial Performance - The company's operating revenue for 2020 was approximately CNY 1.09 billion, representing an increase of 8.40% compared to CNY 1.01 billion in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately CNY 225.83 million, a growth of 26.12% from CNY 179.05 million in 2019[23]. - Basic earnings per share for 2020 were CNY 0.74, up 15.63% from CNY 0.64 in 2019[24]. - The weighted average return on net assets for 2020 was 13.55%, slightly up from 13.46% in 2019[24]. - The company achieved operating revenue of CNY 1,092,699,479.78, representing a year-on-year growth of 8.40%[42]. - The net profit for the year was CNY 225,828,418.33, reflecting a year-on-year increase of 26.12%[42]. - The company reported a total of 14.54 million yuan in donations and support for poverty alleviation efforts in 2020, along with approximately 1.53 million yuan directed towards COVID-19 pandemic prevention[113]. Cash Flow and Investments - The net cash flow from operating activities decreased by 21.50% to CNY 120.24 million in 2020, down from CNY 153.18 million in 2019[23]. - The company's investment activities generated a net cash outflow of CNY 65,314,600.07, a significant improvement compared to the previous year[47]. - Operating cash inflow for 2020 was approximately CNY 1.19 billion, an increase of 1.65% compared to 2019[61]. - Investment cash inflow surged by 170.53% to approximately CNY 3.23 billion in 2020, while investment cash outflow increased by 81.50% to approximately CNY 3.30 billion[61]. - The company reported cash inflows from investment activities of CNY 3,233,854,476.90, a substantial increase from CNY 1,195,391,211.35 in 2019, representing a growth of 170.5%[194]. Assets and Liabilities - The total assets of the company at the end of 2020 were approximately CNY 1.92 billion, an increase of 10.18% from CNY 1.74 billion at the end of 2019[23]. - Total liabilities decreased to RMB 154,057,054.16 from RMB 178,002,696.21 in 2019, reflecting a reduction of about 13.45%[180]. - The company's total equity increased to RMB 1,767,154,921.12, up from RMB 1,565,690,102.79 in 2019, indicating a growth of approximately 12.87%[181]. - Cash and cash equivalents as of December 31, 2020, were RMB 437,889,195.98, compared to RMB 407,383,286.93 in 2019, showing an increase of about 7.43%[179]. Sales and Market Strategy - The main business focus is on the development, production, and sales of marinated snack foods, with a primary product line centered around spicy chicken feet[34]. - The sales strategy is primarily offline, with over 97% of sales through distributors, supplemented by online channels[35]. - The company launched new products including lemon chicken feet, pepper chicken feet, and spicy chicken feet, while optimizing four existing product processes[42]. - Sales revenue in the Southwest region increased by over CNY 56 million, while the East China region saw an increase of over CNY 24 million[42]. - The company aims for a revenue growth target of no less than 10% year-on-year for 2021[81]. Research and Development - Research and development expenses decreased by 35.22% to CNY 2,799,205.66 due to the completion of certain projects[47]. - The total R&D expenditure was ¥2,799,205.66, accounting for 0.26% of total revenue[59]. - The company is investing in R&D for new products, with a budget allocation of 10 million yuan for innovative food development in 2021[142]. Corporate Governance and Compliance - The company has issued a standard unqualified audit report for the financial statements by the auditing firm[4]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[7]. - The company has established measures to prevent conflicts of interest among directors and senior management, ensuring that company assets are not used for unrelated investments[96]. - The company has a stable profit distribution policy, emphasizing the protection of investors' rights and interests through transparent communication and regular disclosures[115]. Social Responsibility and Sustainability - The company has actively participated in social responsibility initiatives, including targeted poverty alleviation and support for public health efforts[113]. - The management team emphasized the importance of sustainability in operations, with plans to reduce carbon emissions by 30% over the next five years[142]. Shareholder Information - The total number of ordinary shares is 304,545,000, with 214,642,078 shares subject to trading restrictions, representing 70.48% of the total[121]. - The company distributed cash dividends amounting to 98,600,000 RMB, with a payout ratio of 43.66% of the net profit attributable to ordinary shareholders[89]. - The cash dividend per 10 shares for 2020 was 3.2 RMB, an increase from 2.6 RMB in 2019[89].