Financial Performance - The company's operating revenue for 2022 was CNY 3,127,819,635.30, a decrease of 9.76% compared to CNY 3,466,259,828.73 in 2021[25]. - Net profit attributable to shareholders for 2022 was CNY 213,894,643.89, down 3.89% from CNY 222,544,519.35 in 2021[25]. - The basic earnings per share for 2022 was CNY 0.52, a slight decrease of 1.89% from CNY 0.53 in 2021[26]. - The weighted average return on equity for 2022 was 7.01%, down 0.63 percentage points from 7.64% in 2021[26]. - The company's total revenue for the tea industry reached approximately ¥3.09 billion, a year-on-year decrease of 9.51%[69]. - The main business revenue decreased by 9.51% to CNY 3,093.90 million, while the main business cost decreased by 9.95% to CNY 2,021.24 million[67]. - The company achieved operating revenue of CNY 3,127.82 million in 2022, a decrease of 9.76% year-on-year[63]. - The net profit attributable to shareholders was CNY 213.89 million, down 3.89% compared to the previous year[63]. - The gross profit margin for the tea industry increased by 0.32 percentage points to 34.67%[69]. - The gross profit margin for brewing products decreased by 11.55% year-on-year, while the gross profit margin improved by 2.21 percentage points to 40.65%[70]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to CNY 785,685,163.59, a rise of 805.82% compared to CNY 86,737,317.93 in 2021[25]. - The net cash flow from investing activities decreased by 74.80% to CNY 98.28 million, mainly due to reduced cash from redeeming financial products[83]. - Cash flow from operating activities increased significantly by 805.82% to CNY 785.69 million, primarily due to reduced expenditures[83]. - The total investment in financial assets at fair value decreased to CNY 214.31 million, reflecting a loss of CNY 1.24 million during the reporting period[124]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.60 per 10 shares, totaling RMB 65,719,328.00 based on a total share capital of 410,745,800 shares[7]. - The company’s independent directors have confirmed compliance with the profit distribution plan, ensuring protection of minority shareholders' rights[174]. - The company has committed to a cash dividend policy that prioritizes shareholder returns while considering its development strategy and profitability[173]. Governance and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company has not reported any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[144]. - The company’s governance structure remains compliant with relevant laws and regulations, ensuring transparency and accountability[144]. - The audit committee confirmed that the financial reports are accurate, complete, and free from material misstatements, adhering to relevant regulations[163]. - The company has established a management system for information disclosure, ensuring fair and timely communication with all shareholders[144]. Risk Management - The company has detailed potential risks in the report, which can be found in the section "Management Discussion and Analysis" under "(4) Possible Risks"[10]. - The company has a comprehensive risk management system in place to enhance financial monitoring and risk prevention[183]. - The company acknowledges the risk of raw material price fluctuations impacting production costs, particularly for key ingredients like skim milk powder and sugar[139]. Product Development and Innovation - The company launched new health-oriented products, including "芝芝/生椰牛乳茶" and "珍珠牛乳茶," to align with consumer trends towards health upgrades[38]. - The company actively innovated and optimized its product development, launching new products such as "Xiangpiaopiao" and "MECO" juice tea during the reporting period[54]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product quality and customer experience[150]. - The company is focusing on developing convenient and nutritious beverages to meet changing consumer preferences[95]. Market Strategy and Sales - The company reduced traditional brand advertising spending and increased investment in new media and offline promotions, improving overall brand spending efficiency[42]. - The company focused on 70 core cities for its ready-to-drink business, achieving over 15% sales growth in key cities like Wuhan, Changsha, and Chengdu, with a 22% year-on-year increase in distribution revenue from original channels[45]. - The online sales team expanded by 200%, with the number of authorized online distributors reaching 322, a 185% increase year-on-year, and partnerships with 123 online platforms[45]. - The company plans to continue expanding its online sales channels to enhance consumer interaction and product testing[113]. Environmental Management - The company is committed to maintaining compliance with relevant laws and regulations regarding environmental management and food safety[15]. - The company has established necessary environmental protection management systems and complies with national environmental protection laws[187]. - The company has successfully reduced noise pollution through technical modifications, including vibration reduction and isolation measures[192]. - The company reported a total COD discharge of 4.147 tons per year, with a compliance level of 20 mg/l[194]. Employee and Management Practices - The total number of employees in the parent company and major subsidiaries is 3,951, with 1,943 in the parent company and 2,008 in subsidiaries[168]. - The company has established a training plan that includes internal and external training, aimed at enhancing management capabilities and professional skills across all employee levels[170]. - The company has implemented a mixed compensation strategy based on "position + ability + performance + market level" to align organizational performance with individual performance[169]. Community Engagement and Social Responsibility - Total charitable contributions amounted to 1.4298 million yuan, including 600,000 yuan in cash donations and 829,800 yuan in material donations[198]. - The company engages in community support initiatives, including donations to disaster relief efforts and local charities[198]. - The company focuses on maintaining ecological balance by preserving vegetation coverage in its facilities[198].

证券代码：603711 证券简称：香飘飘 公告编号：2022-039 香飘飘食品股份有限公司 关于接待机构投资者调研情况的公告 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。 香飘飘食品股份有限公司（以下简称"公司"）于近日通过电话交流形式 接待了机构投资者调研，现将调研具体情况公告如下： 一、调研基本情况 调研时间：2022 年 11 月 调研方式：电话交流 调研机构名称（排名不分先后）：海通证券、银华基金、中宏人寿、天治 基金、东方证券、华夏基金、中信证券、贝莱德基金、上海勤远投资、上海名 禹资产、观富资产、国融基金、上海海宸投资、中信建投、颐和久富、摩根士 丹利华鑫基金、人保资产、国海资管、国信证券、中银基金、天风证券、华宝 基金、新华基金、农银汇理基金、浦银安盛基金、圆信永丰基金、北京和聚投 资、富国基金、厦门金恒宇投资、华安证券、财通证券、华泰柏瑞基金、上海 大筝资产、海南容光私募、中荷人寿保险、东证融汇证券、上海歌斐资产、上 海思晔投资 公司接待人员：董事会秘书邹勇坚先生、证券事务代表李菁颖女士 二、主要交流内容 ...

证券代码：603711 证券简称：香飘飘 公告编号：2022-037 香飘飘食品股份有限公司 关于接待机构投资者调研情况的公告 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。 香飘飘食品股份有限公司（以下简称"公司"）于近日通过电话交流形式 接待了机构投资者调研，现将调研具体情况公告如下： 一、调研基本情况 调研时间：2022 年 10 月 调研方式：电话交流 调研机构名称（排名不分先后）：天风证券、银华基金、中宏人寿、天治 基金、东方证券、华夏基金、名禹资产、观富资产、国融基金、上海海宸投资、 中信建投资管、颐和久富、中信证券、贝莱德基金、上海勤远投资、摩根士丹 利华鑫基金、人保资产、国海资管 公司接待人员：董事会秘书邹勇坚先生、财务总监李超楠女士、证券事务 代表李菁颖女士 二、主要交流内容 问题 1：解读公司三季报的情况： 答：前三季度，公司实现营业收入 15.30 亿元，同比去年下降 22.48%；实 现归母净利润-0.75 亿元。其中，冲泡产品实现营业收入 9.62 亿元，同比下降 31.85%；即饮产品实现营业收入 ...

Financial Performance - The company's revenue for Q3 2022 was ¥671,121,470.97, representing a decrease of 24.24% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥54,186,833.91, down 46.69% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,291,375.80, a decrease of 37.55% compared to the same period last year[6]. - The basic earnings per share for Q3 2022 was ¥0.13, a decline of 48.00% year-over-year[9]. - The diluted earnings per share for Q3 2022 was also ¥0.13, reflecting a decrease of 48.00% compared to the previous year[9]. - Total revenue for the first three quarters of 2022 was RMB 1,530,187,223.06, a decrease of 22.5% compared to RMB 1,973,997,632.23 in the same period of 2021[32]. - The net profit for the period was a loss of approximately ¥75.02 million, compared to a profit of ¥39.40 million in the same period last year, indicating a significant decline[39]. - The company reported a basic and diluted earnings per share of -¥0.18, down from ¥0.09 in the previous year[41]. - The total profit (loss) before tax was a loss of approximately ¥110.36 million, compared to a profit of ¥38.39 million in the previous year[39]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥295,734,473.50[6]. - The company reported a decrease in cash flow from investment activities by 93.97% due to reduced redemption of financial products[23]. - The company’s cash flow from financing activities decreased by 639.57% primarily due to increased payments for maturing notes[23]. - Cash inflow from investment activities totaled $680.89 million, a decrease from $1.12 billion in the previous period, resulting in a net cash flow from investment activities of $23.67 million compared to $392.54 million last year[44]. - Cash inflow from financing activities was $1.08 billion, down from $1.16 billion, with a net cash flow from financing activities of -$731.56 million, contrasting with a positive $135.58 million in the prior year[44]. - The company reported a net increase in cash and cash equivalents of -$413.01 million, compared to an increase of $447.19 million in the previous period[44]. - The ending balance of cash and cash equivalents stood at $1.45 billion, down from $1.51 billion at the end of the previous period[44]. - Cash received from borrowings amounted to $670 million, indicating a significant reliance on debt financing during the period[44]. - Cash paid for debt repayment was $652 million, reflecting the company's efforts to manage its liabilities[44]. - The company received $407.4 million in other financing-related cash, a decrease from $1.16 billion in the previous period[44]. - Cash paid for dividends and interest totaled $71.93 million, down from $164.37 million in the prior year[44]. - The net cash flow from investment activities indicates a strategic shift, with a focus on managing cash outflows more effectively[44]. - The company continues to navigate financial challenges while maintaining a substantial cash balance for operational needs[44]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥4,208,237,201.20, a decrease of 16.03% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥2,832,867,987.89, down 4.86% from the end of the previous year[9]. - Cash and cash equivalents decreased to RMB 1,512,247,835.15 as of September 30, 2022, down 30.0% from RMB 2,163,004,781.54 at the end of 2021[30]. - Current liabilities decreased to RMB 1,279,951,631.09, a reduction of 34.2% from RMB 1,944,159,005.32 in the previous year[30]. - The company's total liabilities decreased to RMB 1,372,824,428.65, down 32.4% from RMB 2,031,689,454.93 year-over-year[32]. - The company's retained earnings decreased to RMB 1,581,502,149.72, down 8.2% from RMB 1,722,872,626.64 in the previous year[32]. - The company reported a significant decrease in short-term borrowings, which fell to RMB 565,000,000.00 from RMB 1,217,000,000.00, a decline of 53.6%[30]. Sales and Revenue Segments - The ready-to-drink product segment generated sales revenue of 152 million RMB, a year-on-year increase of 28.01%, while juice tea sales reached 126 million RMB, up 24.76%[23]. - The company reported a decline in sales revenue for brewed products due to a strategic decision to delay inventory buildup, aligning supply with market demand[23]. - The total operating costs amounted to approximately ¥1.68 billion, a decrease from ¥2.02 billion in the previous period, representing a reduction of about 16.8%[35]. - Sales revenue from goods and services received cash of approximately ¥2.10 billion, down from ¥2.55 billion in the previous year, reflecting a decrease of about 17.6%[41]. Management and Strategy - The decline in net profit was primarily attributed to a decrease in operating revenue during the reporting period[12]. - The company emphasized refined management in production to enhance capacity for the upcoming sales peak in Q4[24]. - The company faced challenges in the first three quarters of 2022, with revenue and net profit declining significantly due to the pandemic and increased raw material costs[23]. - The company implemented a price increase for brewed products in February 2022, but the impact on gross margin was limited due to seasonal sales patterns[23]. - Research and development expenses were approximately ¥19.75 million, slightly down from ¥20.94 million in the previous period[35]. - The company incurred sales expenses of approximately ¥391.96 million, a decrease from ¥502.33 million, representing a reduction of about 22%[35]. - The company reported other income of approximately ¥757,118, a decrease from ¥956,362 in the previous period[39]. - The investment income was approximately ¥13.66 million, down from ¥20.08 million in the previous year, indicating a decline of about 32%[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,580[16]. - The largest shareholder, Jiang Jianqi, holds 57.44% of the shares, with significant stakes also held by Jiang Jianbin and Anhui Zhizhou Hedao Enterprise Management Partnership[19].

证券代码：603711 证券简称：香飘飘 公告编号：2022-033 香飘飘食品股份有限公司 关于接待机构投资者调研情况的公告 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。 香飘飘食品股份有限公司（以下简称"公司"）于近日通过电话及现场交 流形式接待了机构投资者调研，现将调研具体情况公告如下： 一、调研基本情况 调研时间：2022 年 9 月 调研方式：电话及现场交流 调研机构名称（排名不分先后）：东北证券、天治基金、东方财富、上海宽远 资产、民生证券、峰岚资产、北大方正人寿保险、北京和聚投资、国盛证券、财通资 管、兴银基金、长安基金、中信资管、新华基金、方正富邦、西南证券、华鑫证券、 天风证券、宝盈基金、旌安投资 公司接待人员：董事会秘书邹勇坚先生、证券事务代表李菁颖女士 二、主要交流内容 问题 1：2022 上半年公司电商渠道及出口业务收入端增量来源于哪里？ 答：公司非常重视电商渠道的发展，电商渠道的收入增长来源于：1、公司 直营电商的新产品投放测试带来的增量；2、公司直营门店的运营效率有所提升； 3、公司加强了对电商渠 ...

证券代码：603711 证券简称：香飘飘 公告编号：2022-032 香飘飘食品股份有限公司 关于接待机构投资者调研情况的公告 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。 香飘飘食品股份有限公司（以下简称"公司"）于近日通过电话及现场交 流形式接待了机构投资者调研，现将调研具体情况公告如下： 一、调研基本情况 调研时间：2022 年 8 月 调研方式：电话及现场交流 调研机构名称（排名不分先后）：国信证券、晨曦投资、兴业基金、华西 证券、雅策投资、南方基金、泰康资产、华美国际、敦和资管、泰达宏利、东 方基金、银河基金、海通证券、上投摩根、中信保诚基金、农银基金、施罗德 基金、融通基金、永赢基金、燕创资本、天风证券、诚熠投资、淡水泉投资、 大家资产、德邦基金、东方证券、峰岚资产、富国基金、国联安基金、杭州润 洲投资、华泰证券、中新融创、建信信托、呈瑞投资、纯达投资、大筝资产、 環翰投资、老友投资、名禹资产、上汽集团、广汇缘资产、金友创智资产、太 平洋资产、万和证券、云南国际信托、Checkmate Asset Managem ...