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 | --- | --- | --- | --- | |-------------------------------------------------|-------------- ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 132,441,770.64 for the year 2020[4]. - The company's operating revenue for 2020 was CNY 1,947,177,891.01, a decrease of 2.5% compared to 2019[20]. - Net profit attributable to shareholders for 2020 was CNY 132,441,770.64, down 23.88% from the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 118,417,775.73, reflecting a decline of 26.31% year-on-year[20]. - The company's total assets increased by 73.64% to CNY 2,414,615,330.06 at the end of 2020 compared to the end of 2019[20]. - The weighted average return on net assets decreased by 12.07 percentage points to 18.22% in 2020[21]. - Basic earnings per share for 2020 were CNY 0.39, a decrease of 23.53% from 2019[21]. - The net cash flow from operating activities was CNY 210,272,254.86, down 29.43% from the previous year[20]. - The company reported a net loss of CNY 9,731,107.81 in the first quarter of 2020[23]. - The total net profit for the fourth quarter of 2020 was CNY 33,516,296.73[23]. - In 2020, the company achieved a total revenue of 1.947 billion yuan, a decrease of 2.5% compared to 2019, with a net profit of 132 million yuan, down 23.88%[51]. Dividend Policy - The board proposed a cash dividend of RMB 2.30 per 10 shares, totaling an expected distribution of RMB 92,230,000.00, which represents 69.64% of the net profit attributable to shareholders for 2020[4]. - The retained earnings will be carried forward to future years, with the dividend distribution accounting for 30.10% of the combined net profit for 2019 and 2020[4]. - The company has established a stable cash dividend policy, ensuring that cash dividends distributed each year will not be less than 20% of the distributable profits achieved in that year[147]. - The company did not propose any cash dividend distribution plan for the previous fiscal years 2018 and 2019[165]. - The profit distribution plan must be submitted to the shareholders' meeting for approval after being reviewed by the board of directors[160]. Risk Management - The company has disclosed potential risks in its prospectus, which investors should pay attention to[5]. - The company has faced risks related to product quality and food safety, with no administrative penalties reported during the reporting period[139]. - The company acknowledges the potential impact of major raw material price fluctuations on gross profit margins and overall business performance[145]. - The company recognizes the risk of large-scale livestock diseases affecting dairy production and consumer demand for dairy products[140]. - The company has faced challenges due to the COVID-19 pandemic, which has negatively impacted daily operations and product sales[142]. Operational Efficiency - The company has a commitment to ensuring the accuracy and completeness of its financial reports[3]. - The company operates under the name Zhejiang Yiming Food Co., Ltd. and is listed on the Shanghai Stock Exchange with the stock code 605179[15]. - The company has established a comprehensive supply chain model, integrating dairy farming, food processing, and retail management, ensuring a stable supply of high-quality fresh milk through long-term partnerships with suppliers[32]. - The company has a cold chain logistics system with over 300 refrigerated vehicles and seven distribution centers, ensuring the freshness and nutritional quality of products during transportation[41]. - The company’s production model utilizes a smart integrated information system to quickly convert demand data from retail outlets into production instructions, optimizing production efficiency[32]. Market Position and Strategy - The company’s market position is strengthened by its innovative retail model and comprehensive cold chain logistics, allowing it to respond quickly to consumer needs and market changes[36]. - The company’s dairy consumption per capita in China is significantly lower than that of developed countries, indicating substantial market growth potential[35]. - The company has established a strong brand presence through its commitment to fresh, healthy food and reliable service, positioning itself favorably against traditional dairy and bakery businesses[36]. - The company aims to maintain annual growth in market share and customer loyalty through brand, innovation, and channel development strategies[118]. - The brand strategy focuses on creating a differentiated brand image and developing unique products to drive sales growth, targeting a strong presence in the fresh and healthy food market[122]. Product Development and Innovation - The company introduced innovative products such as "Warm Yogurt" and "True Fresh Egg Milk," addressing consumer preferences for warm beverages and achieving national invention patents[45]. - The company has developed a professional food quality control system to meet high standards and avoid negative impacts on brand reputation[45]. - The company has established a unique performance evaluation system for various strains of bacteria used in yogurt production, enhancing product innovation[48]. - The company plans to invest in R&D to develop unique products that meet consumer demands for freshness and quality, focusing on key technologies in dairy processing[134]. Store Expansion and Sales Channels - The company expanded its store count by 157 in 2020, contributing to the stabilization of revenue despite the pandemic[51]. - As of December 31, 2020, the company established 1,763 milk bar stores in East China, including 519 direct-operated and 1,244 franchised stores[56]. - The company's non-store channel sales reached 46.516 million RMB, with distributor sales accounting for 24.676 million RMB and vending machine sales for 3.976 million RMB[58]. - Online sales through new channels like "Yiming Heart Selection" and "Community Group Purchase" generated 14.79 million RMB in 2020, showing rapid growth[58]. Financial Management - The financing cash flow net amount increased by 533.78% to CNY 815,645,536.41, primarily due to funds raised from the initial public offering[87]. - The company reported a significant increase in cash and cash equivalents by CNY 529,376,383.95, compared to a decrease of CNY 23,959,982.18 in the previous year[87]. - The company’s R&D investment totaled CNY 41,623,570.20, accounting for 2.14% of operating revenue[82]. - The company has implemented refined management practices to control costs, including public bidding for raw materials and improving raw material utilization rates[145].