Financial Performance - The company's operating revenue for Q1 2023 was CNY 578,449,077.96, representing a year-on-year increase of 3.98%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 4,577,833.13, showing a significant increase of 111.46% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,941,608.80, reflecting a growth of 107.30% year-on-year[5] - The basic earnings per share for Q1 2023 was CNY 0.01, up by 111.42% year-on-year[6] - Net profit for Q1 2023 was CNY 4,577,833.13, a significant recovery from a net loss of CNY 39,952,048.24 in Q1 2022[19] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 113,579,654.21, which is an increase of 56.26% compared to the previous year[6] - Operating cash flow for Q1 2023 was CNY 113,579,654.21, an increase from CNY 72,684,556.72 in Q1 2022[22] - The company reported a total cash inflow from operating activities of CNY 707,703,478.88, compared to CNY 721,228,043.50 in the previous year[22] - The net cash flow from investing activities was -35,082,232.88, compared to -98,495,436.49 in the previous period[23] - Cash inflow from financing activities totaled 10,000,000.00, down from 161,500,000.00 in the previous period[23] - The net cash flow from financing activities was -88,978,225.37, contrasting with a positive 14,395,071.03 in the previous period[23] - The cash and cash equivalents at the end of the period amounted to 170,175,389.47, down from 172,490,297.28[23] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,606,319,116.73, a decrease of 1.17% from the end of the previous year[6] - Total liabilities as of March 31, 2023, were CNY 1,248,191,188.56, down from CNY 1,290,172,324.95[15] - Short-term borrowings decreased to CNY 194,013,109.73 from CNY 219,041,373.62, a reduction of approximately 11.4%[15] - The total liabilities decreased to CNY 1,525,097,909.43 from CNY 1,560,507,062.56, a decline of 2.3%[18] - The total equity increased to CNY 1,081,221,207.30 from CNY 1,076,552,165.39, a growth of 0.4%[18] Expenses - Total operating costs decreased to CNY 574,881,030.35 from CNY 611,406,598.55, representing a reduction of 6.0%[18] - Research and development expenses for Q1 2023 were CNY 9,876,262.68, slightly down from CNY 10,082,821.58 in Q1 2022[18] - Sales expenses decreased by 36.49% due to the closure of loss-making stores in the previous year[9] - Sales expenses decreased to CNY 110,214,558.44 from CNY 173,545,378.84, a reduction of 36.5%[18] Assets Composition - Current assets totaled CNY 601,311,717.84, slightly down from CNY 607,053,914.90 in the previous period[14] - Cash and cash equivalents increased to CNY 330,471,745.80 from CNY 312,236,352.41[14] - Accounts receivable decreased to CNY 79,960,077.69 from CNY 98,298,223.17, indicating a reduction of approximately 18.5%[14] - Inventory rose to CNY 134,293,715.75 from CNY 127,416,440.53, reflecting an increase of about 5.9%[14] - Non-current assets totaled CNY 2,005,007,398.89, down from CNY 2,030,005,313.05[15] - The company reported a significant increase in production biological assets, rising to CNY 108,554,475.97 from CNY 97,481,557.26, an increase of about 11.0%[15] Other Information - The company reported a non-recurring gain of CNY 1,636,224.33 for the period, after accounting for tax effects[8] - The company has not reported any new product developments or market expansion strategies in this quarter[13] - The company did not apply new accounting standards or interpretations for the first quarter of 2023[24]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2022, representing a year-on-year growth of 15%[19]. - The company achieved operating revenue of CNY 2,432.55 million in 2022, representing a year-on-year increase of 5.02% compared to CNY 2,316.38 million in 2021[20]. - The net profit attributable to shareholders was CNY -129.22 million in 2022, a decrease of 737.89% from CNY 20.26 million in 2021[20]. - The basic earnings per share were CNY -0.32 in 2022, down 740% from CNY 0.05 in 2021[21]. - The total assets at the end of 2022 were CNY 2,637.06 million, a decrease of 4.81% from CNY 2,770.20 million at the end of 2021[20]. - The cash flow from operating activities was CNY 324.93 million, down 12.43% from CNY 371.07 million in 2021[20]. - The company reported a net profit of CNY -12.92 million for the year, with a net profit excluding non-recurring gains and losses of CNY -11.63 million[29]. - The weighted average return on equity was -11.30% in 2022, a decrease of 12.92 percentage points from 1.63% in 2021[22]. - The gross profit margin decreased to 29.51%, down by 1.56 percentage points compared to the previous year[60]. - The main business revenue grew by 5.75% to CNY 2,237,121,962.45, driven by significant growth in the school milk business and an increase in the number of direct-operated stores[64]. Market Expansion and Strategy - The company has set a revenue guidance for 2023, projecting a growth rate of 10% to 15% compared to 2022[19]. - The company is expanding its market presence by entering two new provinces, aiming to increase market share by 5% in these regions[19]. - The company plans to explore potential mergers and acquisitions to enhance its product portfolio and market reach in 2023[19]. - The company is focusing on expanding its market presence, particularly in rural areas, where per capita consumption is expected to grow significantly due to urbanization and consumption upgrades[94]. - The company aims to establish 6,600 "Yiming True Fresh Milk Bar" locations in East China as part of its strategic goal[102]. - The company plans to expand its store network, particularly in mature markets like Zhejiang and developing markets such as Jiangsu and Fujian, with a target of increasing store numbers in these regions[106]. Product Development and Innovation - New product launches in 2022 included three innovative snack lines, contributing to a 25% increase in product sales[19]. - Research and development investments increased by 30% in 2022, focusing on healthier food options and sustainable packaging[19]. - The company’s R&D efforts are centered on innovation, with a focus on new product development to meet diverse consumer needs[31]. - The company launched several innovative products, including "Warm Yogurt" and "Fresh Egg Milk," addressing consumer preferences for warm and nutritious beverages[62]. - The company is committed to continuous innovation in product development, with a focus on introducing new flavors and products to meet changing consumer preferences[114]. Operational Challenges and Risks - The company faced significant operational challenges in 2022 due to macroeconomic changes affecting franchise recruitment, store operations, and supply chain management[29]. - The management has identified potential risks, including market competition and supply chain disruptions, which will be monitored closely[5]. - The company is exposed to risks associated with large-scale livestock diseases that could disrupt operations and reduce consumer demand for dairy products[113]. - The company acknowledges the risk of not adapting to changes in consumer demand, which could adversely affect sales and market expansion efforts[114]. Supply Chain and Quality Control - The company has established a dual traceability system for fresh milk, allowing for tracking from raw materials to finished products, enhancing quality control[43]. - The company has implemented a "fresh delivery model," ensuring core products are produced and delivered on the same day, significantly improving user freshness experience[45]. - The company has a comprehensive supplier evaluation system, regularly assessing suppliers based on delivery timeliness, product quality, and service cooperation[42]. - The company has signed long-term supply contracts with dairy cooperatives, ensuring stable procurement of fresh milk regardless of seasonal fluctuations[42]. - The company has developed a professional food quality control system to maintain high standards and avoid negative impacts on brand reputation[57]. Governance and Management - The company has a governance structure in place that includes a clear division of responsibilities among the shareholders' meeting, board of directors, and supervisory board[116]. - The total number of shares held by directors and senior management at the end of the reporting period remained unchanged at 79,390,000 shares[119]. - The total pre-tax remuneration for directors and senior management amounted to 547.08 million yuan[119]. - The company has established a high-incentive compensation system, focusing on performance evaluation and strategic alignment[139]. - The board of directors includes independent members, ensuring diverse perspectives in decision-making[130]. Environmental and Social Responsibility - The company invested approximately 1.2 million yuan (120,000) in environmental protection measures during the reporting period[158]. - The company is classified as a key pollutant discharge unit, with major pollutants including COD, NH3-N, and nitrogen oxides, and has no instances of exceeding discharge standards[159]. - The company has established an emergency response plan for environmental incidents to ensure efficient handling of such events[162]. - Yiming Foods has switched its liquid milk packaging from PVC to biodegradable PET material, reducing plastic usage and enhancing food safety[166]. - The company has disclosed its 2022 Corporate Social Responsibility Report on April 29, 2023, highlighting its sustainability efforts[167].

证券代码：605179 证券简称：一鸣食品 公告编号：2023-010 浙江一鸣食品股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 25 日(星期四) 下午 14:00- 15:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 18 日(星期四) 至 05 月 24 日(星期 三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 inmfood@yi-ming.cn 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 浙江一鸣食品股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布公司 2022 年年度报告及摘要和 2023 年第一季度报 告，为便于广大投资者更全面深入地了解公司 2022 年度 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥641,912,174.12, representing a year-on-year increase of 9.85%[7] - The net profit attributable to shareholders for Q3 2022 was ¥2,241,203.30, showing a significant increase of 47.79% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥498,241.69, which decreased by 58.42% year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.0056, an increase of 47.37% compared to the same period last year[9] - Total operating revenue for Q3 2022 reached ¥1,805,561,902.12, an increase of 7.1% compared to ¥1,685,157,422.02 in Q3 2021[40] - Net profit for Q3 2022 was a loss of ¥63,987,388.69, compared to a profit of ¥61,539,624.93 in Q3 2021, indicating a substantial decline in profitability[40] - The total comprehensive income for the period was -63,987,388.69 CNY, compared to 61,539,624.93 CNY in the previous period[42] - Basic and diluted earnings per share were both -0.16 CNY, down from 0.05 CNY in the previous period[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,655,372,636.91, a decrease of 4.15% from the end of the previous year[9] - The company's total assets decreased to ¥2,655,372,636.91 from ¥2,770,197,354.62 year-over-year[37] - Current liabilities totaled ¥1,189,030,365.09, down from ¥1,264,329,803.28 in the previous year, showing a reduction in short-term obligations[33] - Non-current liabilities increased to ¥324,519,508.77 from ¥293,328,667.48, indicating a rise in long-term financial commitments[33] - The company's total liabilities included a decrease in lease liabilities of -44.41 million RMB, attributed to payments for the right-of-use assets[18] - The company's long-term borrowings at the end of the reporting period amounted to 61.51 million RMB, primarily due to obtaining 2-3 year bank loans[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥229,518,221.11, reflecting a decrease of 2.86% compared to the same period last year[9] - Cash inflow from operating activities totaled 2,129,024,001.04 CNY, an increase from 1,956,953,411.92 CNY year-over-year[47] - Cash outflow from operating activities was 1,899,505,779.93 CNY, compared to 1,720,683,210.53 CNY in the previous period[47] - Net cash flow from operating activities was 229,518,221.11 CNY, slightly down from 236,270,201.39 CNY year-over-year[47] - Net cash flow from investing activities was -167,788,093.21 CNY, an improvement from -387,839,228.11 CNY in the previous period[49] - Net cash flow from financing activities was -66,601,094.34 CNY, compared to -353,502,627.51 CNY in the previous period[49] - The ending balance of cash and cash equivalents was 179,030,554.17 CNY, down from 233,671,698.10 CNY year-over-year[49] - The company received cash from borrowings amounting to 393,550,000.00 CNY, up from 290,030,000.00 CNY in the previous period[49] - The company paid 20,642,400.55 CNY in dividends and interest, a decrease from 99,312,474.42 CNY in the previous period[49] Operational Metrics - The weighted average return on net assets was 0.18%, an increase of 0.06 percentage points compared to the same period last year[9] - The company reported a significant increase in inventory by 43.82% at the end of the reporting period, attributed to outsourcing excess fresh milk processing into milk powder[15] - The company experienced a 34.84% decrease in accounts receivable at the end of the reporting period due to enhanced management efforts[15] - The company’s accounts receivable decreased to approximately 51.62 million RMB from 79.22 million RMB, indicating a reduction of about 34.9%[27] - The company recognized government subsidies amounting to ¥4,918,223.55 during the reporting period, closely related to its normal business operations[7] - The company’s operating expenses included a one-time closure loss due to optimizing store structure, resulting in an expenditure of 93.41 million RMB[18] - The company reported a significant increase in sales expenses, which rose to ¥501,911,372.90 from ¥373,786,336.98, indicating higher marketing and sales efforts[40] - Research and development expenses for Q3 2022 were ¥31,460,597.53, slightly down from ¥32,650,164.72 in Q3 2021, reflecting a focus on cost management[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,627, with no preferred shareholders having restored voting rights[19] - The total equity attributable to shareholders decreased to ¥1,141,822,763.05 from ¥1,212,538,883.86, reflecting the impact of the net loss on shareholder value[35]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[15]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, indicating an expected growth of 10%[15]. - The company's operating revenue for the first half of the year was ¥1,163,649,728, representing a year-on-year increase of 5.71% compared to ¥1,100,821,797.48 in the same period last year[21]. - The net profit attributable to shareholders decreased significantly by 210.34%, resulting in a loss of ¥66,228,591.99, compared to a profit of ¥60,023,108.32 in the previous year[21]. - The basic earnings per share dropped to -0.165, a decrease of 210% from 0.15 in the same period last year[21]. - The net cash flow from operating activities increased by 55.19% to ¥118,053,089.43, up from ¥76,068,123.02 in the previous year[21]. - The company's total assets slightly increased by 0.09% to ¥2,772,811,946.49, compared to ¥2,770,197,354.62 at the end of the previous year[21]. - The company achieved a revenue of 1,163.65 million yuan in the first half of 2022, representing a year-on-year growth of 5.71%[65]. - Operating costs increased by 9.97% to ¥816,691,641.43 from ¥742,624,202.60, primarily due to the growth in revenue[70]. - The net cash flow from operating activities improved by 55.19% to ¥118,053,089.43, driven by increased cash inflows from membership activities and VAT refunds[73]. Market Expansion and Customer Growth - User data indicates a growth in active customers, reaching 1.2 million, which is a 20% increase compared to the same period last year[15]. - The company is expanding its market presence by entering three new provinces, aiming to increase market share by 5% in these regions[15]. - The company has set a target of 6,600 stores as part of its strategic expansion plan[65]. - The total number of stores reached 1,971, with 61 signed and awaiting opening[65]. - The company opened 31 self-operated franchise stores by August 28, 2022, with daily performance exceeding 14,000 yuan in some locations[65]. Product Development and Innovation - New product launches contributed to 30% of total sales, highlighting the success of recent innovations[15]. - The company is focusing on expanding its fresh dairy and baked goods offerings through its chain stores, targeting health-conscious consumers[30]. - The company launched over ten new products in the low-temperature milk category in the first half of 2022, enriching its product offerings[68]. - The company has introduced innovative products in the beverage category, such as the "Good Blue Coconut" series, which combines yogurt with coconut milk, enhancing brand appeal[69]. - The company plans to enhance its product offerings in the breakfast channel and develop low-sugar products to meet consumer demand[68]. Research and Development - Research and development expenses increased by 25% to RMB 50 million, focusing on new technology for product enhancement[15]. - As of June 2022, the company has isolated over 850 strains of lactic acid bacteria, with 500 strains identified as edible, showcasing its strong research capabilities in functional lactic acid bacteria[56]. - The company has obtained 10 invention patents, 12 utility model patents, and 36 design patents, indicating a robust intellectual property portfolio[56]. - Research and development expenses remained stable at ¥20,497,838.41, showing the company's commitment to innovation despite overall cost increases[70]. Supply Chain and Logistics - The company has established a comprehensive supply chain covering dairy farming, food processing, and chain management, forming an integrated business model[35]. - The company manages its procurement of raw materials, including fresh milk and flour, through a centralized supply center, ensuring safety stock meets production needs[35]. - The company has formed strategic partnerships with dairy cooperatives, ensuring stable and quality fresh milk supply through long-term contracts and rigorous quality checks[36]. - The company has implemented a traceability system for its products, allowing for dual traceability from raw materials to finished products[38]. - The company has invested in smart logistics systems to enhance its cold chain logistics, ensuring the safe transport of fresh milk[45]. - The company utilizes a centralized cold chain logistics system for direct delivery to all stores, ensuring product quality and timely distribution[50]. Quality Control and Compliance - The company has established a comprehensive quality management system, including a traceability system for products from raw materials to sales[57]. - The company has implemented a rigorous quality control system with 20 inspection procedures and over 300 testing items annually[61]. - The company has established a comprehensive self-inspection system in stores to ensure food safety[62]. - The company achieved ISO 22000:2018 certification for its food safety management system in April 2016[61]. - The company has not experienced any administrative penalties related to food safety, indicating effective compliance with regulatory standards[84]. Financial Integrity and Governance - The company has no non-operational fund occupation by controlling shareholders, ensuring financial integrity[6]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[6]. - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring transparency for investors[4]. - The company has a dedicated bank account system for franchise stores to ensure financial transparency and compliance with operational standards[52]. - The company has not engaged in any significant guarantees during the reporting period[160]. Environmental Responsibility - The company has been classified as a key pollutant discharge unit by environmental authorities, with major pollutants including COD, NH3-N, and total nitrogen, all of which are managed to meet discharge standards[99]. - The company invested approximately 1.2 million yuan in environmental protection equipment upgrades during the reporting period[100]. - The company has established an emergency response plan for environmental incidents and filed it with the protection bureau[102]. - The company has implemented a self-monitoring plan for major pollutants in accordance with local environmental department requirements[103]. - During the reporting period, the company and its subsidiaries complied with national and local environmental protection requirements, with no significant environmental violations or incidents reported[104]. Shareholder Commitments and Corporate Governance - The actual controllers, Zhu Like and Zhu Liqiong, committed to strictly comply with laws and regulations regarding shareholding and share changes during their tenure as directors or senior management[116]. - Shareholders XinYue Investment, MingNiu Investment, and ChengYue Investment promised that any share reduction within two years after the lock-up period will not be lower than the issue price[120]. - The company has a stock price stabilization plan that will be initiated if the stock price falls below the latest audited net asset value for 20 consecutive trading days[125]. - The controlling shareholders and actual controllers must announce their shareholding increase plans within ten trading days if the stock price stabilization conditions are met[126]. - The company guarantees that its prospectus does not contain false statements or omissions and will bear legal responsibility for its accuracy[138].

Financial Performance - The company's revenue for Q1 2022 was ¥556,312,071.37, representing a year-on-year increase of 12.95%[6] - The net profit attributable to shareholders was a loss of ¥39,952,048.24, a decrease of 497.66% compared to the same period last year[6] - Total operating revenue for Q1 2022 was $556.31 million, an increase of 12.94% compared to $492.52 million in Q1 2021[34] - Net profit for Q1 2022 was a loss of $39.95 million, compared to a profit of $10.05 million in Q1 2021[37] - Operating profit for Q1 2022 was a loss of $54.63 million, down from a profit of $13.75 million in Q1 2021[34] - Basic and diluted earnings per share for Q1 2022 were both -$0.10, down from $0.03 in Q1 2021[39] Cash Flow - The net cash flow from operating activities was ¥72,684,556.72, showing a significant increase of 758.52%[6] - Cash flow from operating activities for Q1 2022 was $72.68 million, a significant improvement from a negative cash flow of $11.04 million in Q1 2021[39] - Total cash inflow from operating activities for Q1 2022 was $721.23 million, compared to $589.02 million in Q1 2021[39] - Net cash flow from investing activities was -$98.5 million, a decrease from -$214.2 million year-over-year[42] - Cash inflow from financing activities totaled $161.5 million, compared to $115 million in the previous year[42] - Cash outflow for debt repayment was $115 million, down from $280 million year-over-year[42] - The net increase in cash and cash equivalents was -$11.4 million, significantly improved from -$394 million in the previous year[42] - The ending balance of cash and cash equivalents was $172.5 million, compared to $344.8 million at the end of the previous year[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,784,291,741.30, a slight increase of 0.51% from the previous year[9] - As of March 31, 2022, the total current assets amounted to RMB 597,291,427.66, an increase from RMB 579,927,668.82 at the end of 2021, reflecting a growth of approximately 3.5%[23] - Total liabilities increased to RMB 1,611,855,406.91 from RMB 1,557,658,470.76, marking a rise of about 3.5%[29] - The company's total assets reached RMB 2,784,291,741.30, compared to RMB 2,770,197,354.62 at the end of 2021, showing a growth of approximately 0.5%[29] - The non-current liabilities totaled RMB 305,803,112.47, up from RMB 293,328,667.48, reflecting an increase of about 4.3%[29] - The company's retained earnings decreased to RMB 222,458,667.46 from RMB 262,410,715.70, a decline of approximately 15.2%[29] - The total equity attributable to shareholders decreased to RMB 1,172,436,334.39 from RMB 1,212,538,883.86, indicating a decrease of about 3.3%[29] Expenses - Total operating costs for Q1 2022 were $611.41 million, up 27.36% from $480.11 million in Q1 2021[34] - Research and development expenses for Q1 2022 were $10.08 million, an increase of 10.43% from $9.13 million in Q1 2021[34] - Sales expenses rose by 66.56% primarily due to an increase in direct stores and marketing activities[16] - Sales expenses for Q1 2022 were $173.55 million, up 66.67% from $104.19 million in Q1 2021[34] - Financial expenses surged by 388.81% due to interest capitalization on completed construction projects[16] - Financial expenses for Q1 2022 were $5.17 million, compared to a gain of $1.79 million in Q1 2021[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,278[17] - The company received government subsidies amounting to ¥2,444,214.36, which were closely related to its normal business operations[9] Inventory Management - Inventory increased by 32.74% due to the company's preparation of raw materials during the Spring Festival[13] - Inventory levels rose significantly to RMB 128,881,781.72, up from RMB 97,094,047.53, indicating an increase of approximately 32.6%[23]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 20,257,776.05 for the year 2021, with a proposed cash dividend of RMB 0.16 per share, totaling an expected distribution of RMB 6,416,000, which represents 31.67% of the net profit [6]. - The company's operating revenue for 2021 was approximately ¥2.32 billion, an increase of 18.96% compared to ¥1.95 billion in 2020 [27]. - The net profit attributable to shareholders of the listed company decreased by 84.70% to ¥20.26 million in 2021 from ¥132.44 million in 2020 [27]. - The net profit after deducting non-recurring gains and losses was ¥7.23 million, down 93.90% from ¥118.42 million in the previous year [27]. - The net cash flow from operating activities increased by 76.47% to ¥371.07 million in 2021, compared to ¥210.27 million in 2020 [27]. - Basic earnings per share decreased by 87.18% to ¥0.05 in 2021, down from ¥0.39 in 2020 [27]. - The weighted average return on net assets dropped to 1.63% in 2021, a decrease of 16.59 percentage points from 18.22% in 2020 [27]. - Operating profit and net profit were 18.23 million yuan and 20.26 million yuan, respectively, showing a significant decline of 89.29% and 84.70% year-on-year [36]. - The company reported a significant increase in fixed costs due to the launch of new projects, impacting profitability [29]. Risks and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties, ensuring compliance with regulatory decision-making procedures [7]. - The company has outlined potential risks in its annual report, advising investors to pay attention to these risks as detailed in the management discussion and analysis section [8]. - The introduction of new flavors and products poses market risks due to unpredictable economic conditions and consumer behavior, which may adversely affect sales and market expansion if the company fails to meet customer demands [160]. - The ongoing impact of the COVID-19 pandemic remains uncertain, potentially affecting store operations, product delivery, and supply chain, with the company unable to quantify future operational impacts [160]. - Fluctuations in the prices of key raw materials, such as milk and packaging materials, could negatively impact gross margins, prompting the company to implement cost control measures like bulk procurement and material substitution [160]. Market and Product Development - The company has developed a series of innovative products, including high-protein yogurt and a range of carbonated dairy beverages, which have been well received by consumers [41]. - The company is focusing on the development of healthy and nutritious baked goods tailored for different age groups, particularly in the school channel [42]. - The compound annual growth rate of the dairy market in China is 4.3%, with a notable increase in consumer demand for dairy products [47]. - The yogurt segment has seen a compound annual growth rate exceeding 15%, indicating strong market potential for functional yogurt products [47]. - The Chinese baking industry is expected to reach a market size of 307 billion yuan in 2023, driven by double-digit growth in cake and pastry segments [48]. - The company launched several innovative products, including "Warm Yogurt" and "True Fresh Egg Milk," addressing consumer preferences for health and nutrition [77]. - The company is focusing on product innovation in dairy, particularly through RO membrane filtration technology, to create differentiated high-end products [143]. - The company plans to enhance its baking product line by leveraging its core dairy technology and focusing on fresh, short-shelf-life healthy baked goods [145]. Sales and Distribution - The total number of stores reached 2,139 by December 31, 2021, with 569 new stores opened during the year, including 467 direct-operated stores [36]. - The main sales channel is the "Yiming True Fresh Milk Bar" chain, complemented by regional distribution and direct sales [64]. - The company’s milk bar model combines fresh dairy products with baked goods, catering to the demand for convenient, ready-to-eat food options in high-traffic areas [64]. - The company has established a unified retail terminal information system (POS system) for all direct-operated and franchised stores to manage product ordering, acceptance, and inventory effectively [65]. - The company utilizes a cold chain logistics system for direct delivery to all stores, with orders submitted two days in advance through the POS system, ensuring timely product distribution [66]. - The company has over 500 refrigerated transport vehicles and seven distribution centers, covering regions such as Zhejiang, Jiangsu, Shanghai, and Fujian, to maintain product freshness [73]. - The company has established its own demonstration farm in Wenzhou, with over 2,854 high-quality dairy cows, ensuring a stable supply of premium milk sources [74]. - The company has signed long-term supply contracts with external farms to enhance the quality and safety of sourced milk [74]. Research and Development - The company's R&D expenses increased by 7.73% to CNY 44,842,554.65, focusing on core product development and advanced technology reserves [81]. - The number of R&D personnel is 176, accounting for 2.95% of the total workforce [101]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency [174]. Strategic Goals and Future Outlook - The company aims to establish 6,600 "Yiming Zhenxian Milk Bar" locations in East China as part of its strategic goal [137]. - The company targets a user base of 30 million and 15 million members by 2025, with 3 million loyal members [142]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals [174]. - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year [174]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next year [174]. - The management team emphasized the importance of sustainability initiatives, with a commitment to reduce carbon emissions by 30% over the next five years [174]. Governance and Management - The company has a diverse board with members holding various positions in other organizations, enhancing its governance structure [180]. - The company held a total of 6 board meetings during the year, all conducted via communication methods [185]. - The company established a comprehensive salary incentive system aimed at aligning individual and organizational goals [198]. - The company’s employee composition includes 1,428 production staff, 3,824 sales personnel, 176 technical staff, 100 financial staff, and 433 administrative staff [197]. - The company has implemented a diverse incentive system that includes both material and spiritual rewards for employees [199].

Financial Performance - Q3 2021 revenue reached ¥584,335,624.54, an increase of 2.99% year-over-year, while year-to-date revenue totaled ¥1,685,157,422.02, up 23.36% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥1,516,516.61, a significant decrease of 96.33% year-over-year, with year-to-date net profit at ¥61,539,624.93, down 37.79%[6]. - Basic and diluted earnings per share were both ¥0.0038, reflecting a decline of 96.89% compared to the previous year[9]. - Operating profit for the first three quarters of 2021 decreased to ¥71,922,579.11, down 45.4% from ¥132,317,957.37 in the same period of 2020[33]. - Net profit for the first three quarters of 2021 was ¥61,539,624.93, a decline of 37.8% compared to ¥98,925,473.91 in the same period of 2020[37]. - Total comprehensive income for the first three quarters of 2021 was ¥61,539,624.93, down from ¥98,925,473.91 in the same period of 2020[37]. Assets and Liabilities - Total assets increased to ¥2,587,981,914.60, representing a growth of 7.18% from the end of the previous year[9]. - Total liabilities increased to ¥1,328,857,165.18, compared to ¥1,124,792,785.29 in the previous year, reflecting a growth of 18.2%[30]. - Total equity attributable to shareholders was ¥1,259,124,749.42, down from ¥1,289,822,544.77 in the previous year, indicating a decrease of 2.4%[30]. - Current liabilities increased to ¥919,118,323.46 from ¥794,113,752.01 year-over-year[28]. - The company reported a total non-current asset of ¥1,956,484,560.48, up from ¥1,330,007,186.13 at the end of 2020[28]. Cash Flow - Cash flow from operating activities increased by 74.00% year-to-date, primarily due to increased member recharge activities during the back-to-school season[16]. - Net cash flow from operating activities for the first three quarters of 2021 was CNY 236,270,201.39, compared to CNY 130,658,253.87 in 2020, indicating a significant increase of about 80.5%[39]. - The company reported a total cash outflow from operating activities of CNY 1,720,683,210.53, compared to CNY 1,474,365,605.55 in the previous year, marking an increase of approximately 16.7%[39]. - The company’s cash inflow from sales of goods and services was CNY 1,880,943,455.75, up from CNY 1,555,478,734.07 in the same period last year, representing a growth of about 20.9%[39]. Operational Challenges - The company faced challenges due to the COVID-19 pandemic, particularly in Jiangsu province, leading to temporary store closures and reduced customer traffic[14]. - Rising costs of raw milk and other materials significantly impacted operational costs, contributing to the decline in net profit[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,394[17]. - The top shareholder, Zhejiang Mingchun Investment Co., Ltd., holds 161,908,000 shares, accounting for 40.38% of total shares[17]. Other Financial Metrics - Research and development expenses for the first three quarters of 2021 amounted to ¥32,650,164.72, slightly up from ¥31,573,004.30 in the previous year[33]. - Total operating costs for the first three quarters of 2021 were ¥1,630,669,248.08, up 28.4% from ¥1,270,694,580.05 in the previous year[33]. - The company reported a financial expense of -¥3,585,701.95, an improvement compared to -¥4,482,712.05 in the previous year[33]. - Deferred income increased to ¥29,625,566.09 from ¥18,697,734.35, representing a growth of 58.5%[30].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[17]. - The company has set a revenue guidance of RMB 1 billion for the full year 2021, indicating an expected growth of 25%[17]. - The company's operating revenue for the first half of the year reached ¥1,100,821,797.48, representing a 37.83% increase compared to the same period last year[21]. - Net profit attributable to shareholders was ¥60,023,108.32, a 4.15% increase year-on-year[21]. - The company reported a profit of CNY 60,023,100, which is a 4.15% increase from the previous year[63]. - For the first half of 2021, the company achieved revenue of CNY 1,100,821,797.48, representing a year-on-year growth of 37.83% compared to CNY 798,667,794.19 in the same period last year[68]. Customer and Market Growth - User data indicates a growth in active customers, reaching 1.2 million, which is a 15% increase compared to the same period last year[17]. - Market expansion efforts have led to the opening of 30 new retail locations across China in the first half of 2021[17]. - As of June 30, 2021, the total number of stores reached 1,819, with an additional 121 stores signed and awaiting opening[63]. Product Development and Innovation - New product launches include a line of organic snacks, which contributed to 10% of total sales in the first half of 2021[17]. - The company is focusing on new product development, introducing high-protein Greek yogurt and naturally fermented bread, enhancing product variety[67]. - The company has a tradition of innovation in product development, but failure to adapt to changing consumer demands could adversely affect sales and market expansion efforts[81]. Research and Development - The company is investing RMB 50 million in R&D for new technologies aimed at improving product quality and sustainability[17]. - The company reported a 1.69% increase in R&D expenses to ¥21,123,873.25, indicating continued investment in innovation[71]. - The company has 8 invention patents, 12 utility model patents, and 36 design patents, with 32 additional patents pending[54]. Supply Chain and Quality Management - A strategic partnership with local farmers has been established to ensure a steady supply of high-quality raw materials[17]. - The company has established a long-term supply contract with dairy cooperatives, ensuring stable procurement of fresh milk regardless of seasonal fluctuations[35]. - The company implements a dual traceability system for products, allowing for tracking from raw materials to finished products, enhancing transparency in the production process[36]. - The company ensures product quality through rigorous testing of fresh milk at both the supplier and company facilities, with specific checks on acidity, antibiotics, and other indicators[35]. - The company has established a robust quality management system and has not faced any administrative penalties related to food safety during the reporting period, despite the inherent risks in the production and logistics processes[80]. Financial Position and Assets - The company's total assets increased by 0.90% to ¥2,436,271,684.93 compared to the end of the previous year[21]. - Total assets at the end of the period amounted to ¥2,437,000,000, with fixed assets increasing by 19.33% to ¥847,187,018.91[74]. - The company reported a total current asset of RMB 636,051,319.46 as of June 30, 2021, down from RMB 1,084,608,143.93 at the end of 2020, indicating a decrease of approximately 41.3%[196]. - The company's cash and cash equivalents decreased significantly from RMB 836,813,298.58 at the end of 2020 to RMB 360,437,353.41 by June 30, 2021, representing a decline of about 56.9%[196]. Environmental Responsibility - The company invested approximately 1.2 million yuan in environmental protection equipment upgrades during the reporting period[98]. - The wastewater treatment system has been improved with the addition of a sludge reduction device, reducing solid waste emissions[98]. - The company has received government approval for environmental impact assessments for its construction projects, including factories and farms[99]. - The company reported no significant environmental accidents or violations during the reporting period, with all emissions meeting national and local standards[103]. Shareholder and Governance - The company has a lock-up period of 36 months for shares held by directors and senior management, with a maximum of 25% of shares allowed to be sold annually after the lock-up expires[112]. - Major shareholders, including Mingchun Investment and actual controllers, commit to not selling shares below the issue price for two years post-lock-up, and thereafter not below the net asset value per share from the previous year[113]. - The company guarantees that its prospectus does not contain false statements or omissions and assumes legal responsibility for its accuracy[135]. - The company will publicly explain the reasons for any failure to fulfill commitments disclosed in the prospectus and will apologize to shareholders and the public[143].

2021 年第一季度报告 公司代码：605179 公司简称：一鸣食品 浙江一鸣食品股份有限公司 2021 年第一季度报告 1 / 26 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 26 2021 年第一季度报告 单位：元币种：人民币 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人朱立科、主管会计工作负责人邓秀军及会计机构负责人（会计主管人员）鲁友强 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|-------------- ...