Financial Performance - The company's operating revenue for Q1 2023 was CNY 223,566,444.85, a decrease of 16.05% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 61,912,343.94, an increase of 91.33% year-on-year[3]. - Basic earnings per share were CNY 0.17, up 88.89% from the same period last year[3]. - Total operating revenue for Q1 2023 was CNY 223,566,444.85, a decrease of 16.0% compared to CNY 266,311,012.18 in Q1 2022[10]. - Net profit for Q1 2023 reached CNY 61,912,343.94, an increase of 92.0% compared to CNY 32,359,570.18 in Q1 2022[10]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.17, up from CNY 0.09 in Q1 2022[10]. Cash Flow - The net cash flow from operating activities reached CNY 205,202,602.09, reflecting a 63.15% increase compared to the previous year[3]. - The net cash flow from operating activities for Q1 2023 was CNY 205,202,602.09, an increase of 63.1% compared to CNY 125,773,310.04 in Q1 2022[11]. - Total cash inflow from investment activities reached CNY 1,756,402,858.91, significantly up from CNY 115,760,723.43 in the same period last year[11]. - The net cash flow from investment activities was negative CNY 132,034,513.00, compared to a negative CNY 104,282,415.40 in Q1 2022[11]. - The company reported a total cash outflow from financing activities of CNY 20,735,777.78, compared to CNY 33,103,959.52 in Q1 2022[11]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,642,028,430.75, a 1.23% increase from the end of the previous year[4]. - Total current assets as of March 31, 2023, amounted to CNY 1,861,647,326.99, a slight increase from CNY 1,821,876,583.61 at the end of 2022[9]. - Total assets as of March 31, 2023, were CNY 2,642,028,430.75, compared to CNY 2,609,813,359.85 at the end of 2022[9]. - Total liabilities decreased to CNY 210,706,269.85 as of March 31, 2023, from CNY 240,403,542.89 at the end of 2022[9]. - Cash and cash equivalents increased to CNY 283,550,951.43 as of March 31, 2023, from CNY 234,342,437.81 at the end of 2022[9]. - Inventory decreased to CNY 412,750,109.82 as of March 31, 2023, from CNY 550,820,147.00 at the end of 2022[9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,071[6]. - The top shareholder, Hong Kong Central Clearing Limited, held 87,388,807 shares, accounting for 24.43% of the total shares[6]. Future Outlook - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[2]. Investment Income - The company reported non-recurring gains of CNY 22,327,094.67, primarily due to increased investment income from various financial products[4]. - The company reported an increase in investment income to CNY 22,306,066.63 in Q1 2023, compared to CNY 15,682,562.65 in Q1 2022[10].

Financial Performance - Operating revenue for Q1 2023 was CNY 223,566,444.85, a decrease of 16.05% compared to the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was CNY 61,912,343.94, an increase of 91.33% year-over-year[5]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.17, reflecting an increase of 88.89%[5]. - The net profit for Q1 2023 reached RMB 61,912,343.94, compared to RMB 32,359,570.18 in Q1 2022, representing an increase of approximately 91.5% year-over-year[32]. - Total operating revenue for Q1 2023 was RMB 223,566,444.85, down from RMB 266,311,012.18 in Q1 2022, indicating a decline of about 16.0%[38]. - The company reported a gross profit margin of approximately 27.5% in Q1 2023, compared to 17.9% in Q1 2022, showing an improvement in profitability[38]. Cash Flow and Investments - Net cash flow from operating activities reached CNY 205,202,602.09, up 63.15% from the previous year[5]. - Cash flow from operating activities for Q1 2023 was RMB 205,202,602.09, significantly higher than RMB 125,773,310.04 in Q1 2022, marking an increase of approximately 63.1%[41]. - The cash flow from investment activities in Q1 2023 resulted in a net outflow of RMB 132,034,513.00, compared to a net outflow of RMB 104,282,415.40 in Q1 2022[41]. - The company experienced a net increase in cash and cash equivalents of CNY 49,208,513.62 during the quarter[15]. - The company’s cash and cash equivalents increased to RMB 283,550,951.43 as of March 31, 2023, from RMB 234,342,437.81 as of December 31, 2022, reflecting a growth of approximately 21.0%[29]. Assets and Liabilities - Total assets as of March 31, 2023, were CNY 2,642,028,430.75, a 1.23% increase from the end of 2022[5]. - The company’s total liabilities as of March 31, 2023, were RMB 1,861,647,326.99, compared to RMB 1,821,876,583.61 as of December 31, 2022, indicating an increase of approximately 2.2%[29]. - As of March 31, 2023, total liabilities amounted to RMB 210,706,269.85, a decrease of 12.3% from RMB 240,403,542.89 on December 31, 2022[48]. - Current liabilities totaled RMB 201,671,679.85, down 13.2% from RMB 232,468,952.89 at the end of 2022[48]. - The company’s total non-current liabilities increased to RMB 9,034,590.00, up from RMB 7,934,590.00, reflecting a growth of 13.9%[48]. Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 2,431,322,160.90, up 2.61% from the end of 2022[5]. - Total equity attributable to shareholders reached RMB 2,431,322,160.90, up 2.6% from RMB 2,369,409,816.96[48]. - The company's retained earnings increased to RMB 1,918,269,772.84, reflecting a growth of 3.3% from RMB 1,856,357,428.90[48]. Research and Development - Research and development expenses for Q1 2023 totaled RMB 1,245,906.26, up from RMB 880,644.68 in Q1 2022, reflecting a year-over-year increase of approximately 41.5%[38]. Other Income - Non-operating income included CNY 26,721,830.75 from investment gains, contributing to the increase in net profit[6]. - The company achieved an investment income of RMB 22,306,066.63 in Q1 2023, compared to RMB 15,682,562.65 in Q1 2022, representing an increase of approximately 42.3%[38].

Financial Performance - For the fiscal year ending December 31, 2022, the company achieved a net profit of RMB 194,348,829, an increase of RMB 34,333,844 or approximately 21.06% compared to RMB 160,014,985 in the previous year[9]. - The company's operating revenue for the same period was RMB 1,065,429,309, representing a year-on-year increase of about 22.24% from RMB 871,587,320[21]. - Basic earnings per share for the year were approximately RMB 0.54[21]. - The company's gross profit for the year ended December 31, 2022, was RMB 213,135,181, with a gross margin of approximately 20.00%, compared to RMB 179,672,752 and a gross margin of 20.61% in 2021[82]. - The weighted average return on net assets was 8.20%, up from 7.19% in the previous year[42]. - The company reported a significant increase in other income by 662.24% to RMB 9,071,997.83, compared to RMB 1,190,178.41 in 2021[83]. - The company reported a 39.59% increase in taxes paid, reflecting higher sales leading to increased VAT payments[74]. Research and Development - The company plans to continue research and development on key technologies for deep processing of representative northern fruits in 2023, including optimizing juice processing techniques[8]. - The company has completed key technology research for foam control in apple juice processing, contributing to its R&D efforts[24]. - Research and development expenses increased as the company intensified its investment in R&D[33]. - The total R&D investment for the period was RMB 17,939,967.61, accounting for 1.68% of operating revenue[1]. - The company has 49 R&D personnel, representing 6.35% of the total workforce[1]. - Research and development efforts include advancements in key processing technologies for concentrated strawberry juice and deep processing of representative fruits, with successful results in foam control technology for apple juice[71]. Market Expansion and Sales - The company has seen an increase in sales volume in domestic and international markets, including Asia, Africa, and North America, following its dual listing as an "A+H" company[22]. - The company aims to optimize sales channels and increase the domestic sales ratio while enhancing customer trust[104]. - The company plans to actively broaden sales channels and increase marketing investments in both domestic and international markets to enhance its market share[53]. - The company is focusing on the growing demand for healthy and natural juice products, particularly in emerging markets like Russia, China, India, and Egypt[31]. - The company achieved a slight increase in sales volume while sales revenue experienced a significant growth, attributed to enhanced production management and market expansion efforts[55]. Financial Management - The company reported a 181.70% increase in cash received from investment recoveries, amounting to RMB 4,987,198,191.68, due to an increase in the disposal of financial products[74]. - The company’s cash flow from operating activities saw a 51.21% increase, primarily due to a rise in subsidies received from Shandong Province[74]. - The group has successfully maintained timely repayment of loans throughout the year, indicating strong financial management[114]. - The company has implemented measures to monitor foreign currency transactions to minimize exchange rate risks[133]. - The capital structure remains strong, with a debt-to-equity ratio of 0.4, indicating a healthy financial position[165]. Corporate Governance - The board of directors is committed to enhancing corporate governance practices to ensure compliance with regulatory standards[158]. - The company has implemented high-level corporate governance practices and continuously reviews and strengthens internal controls and procedures[181]. - The company encourages directors and senior management to participate in professional development courses related to corporate governance and compliance[192]. - The company has established a comprehensive internal control system to comply with legal and regulatory requirements[182]. - The board held eight meetings in 2022, with the CFO attending all meetings to provide insights on governance, risk management, compliance, mergers and acquisitions, and financial matters[197]. Product Diversification - The company is expanding its product diversification by developing and selling new products such as apple fructose, peach juice, and hawthorn juice[53]. - The company aims to diversify its product offerings, including the development and sales of apple fructose, concentrated peach juice, and other products to reduce reliance on concentrated juice products[132]. - The company plans to explore various financing methods, including targeted placements and bank loans, to support sustainable development[105]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of 200 million RMB allocated for this purpose[148].

Financial Performance - The company reported a basic earnings per share of RMB 0.54 for 2022, an increase of 25.58% compared to RMB 0.43 in 2021[25]. - The diluted earnings per share also stood at RMB 0.54, reflecting the same percentage increase of 25.58% year-over-year[25]. - The net profit attributable to shareholders for the fourth quarter was RMB 12,967,525.03, a significant decrease compared to the previous quarters[26]. - The company achieved a weighted average return on equity of 8.20%, up by 1.01 percentage points from 7.19% in 2021[25]. - The net profit attributable to shareholders was approximately ¥194 million, up 21.46% year-on-year[46]. - The net profit after deducting non-recurring gains and losses was approximately ¥165 million, a significant increase of 66.10% compared to the previous year[46]. - The total comprehensive income for the period was approximately 93,071,924.34, with a net profit of 48,222,535.25[185]. - The net profit attributable to the parent company in 2022 was ¥194,348,828.93, an increase of ¥34,333,844.02 or 21.46% from ¥160,014,984.91 in the previous year, driven by increased sales volume and exchange gains from RMB depreciation[69]. Revenue and Sales - The revenue for the first quarter was RMB 266,311,012.18, while the second quarter saw an increase to RMB 302,305,078.28[26]. - The net profit attributable to shareholders for the second quarter was RMB 98,565,270.00, showing strong performance during that period[26]. - The company achieved a notable increase in sales revenue, attributed to effective management strategies and a focus on cost control, despite external pressures from energy prices and tariffs[33]. - The company has developed a diverse product range, including concentrated apple juice, pear juice, and other fruit juices, catering to major beverage manufacturers and traders in countries like China, the US, Russia, Japan, and South Africa[33]. - The company maintained a leading position in the concentrated juice industry, with consistent profit margins and total profits over the years, despite facing challenges from rising logistics and raw material costs[33]. Dividends and Share Repurchase - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, based on a total of 357,700,000 shares[6]. - The company repurchased 5,600,000 shares, accounting for approximately 5.8% of the total share capital[160]. - The repurchase plan was disclosed on March 31, 2021, and is valid for 12 months following the approval from the shareholders' meetings[160]. Operational Challenges - The company faced risks related to raw material supply shortages and reliance on single product lines, as detailed in the management discussion section[6]. - The company’s total revenue for 2022 is expected to be impacted by currency exchange risks and other operational challenges[6]. - The export volume of concentrated apple juice from China was approximately 399,139 tons in 2022, a decrease of 5% compared to 419,100 tons in 2021, indicating challenges in the international market[31]. Management and Efficiency - The company has established a comprehensive management system, enhancing efficiency and product quality while controlling costs, which strengthens its core competitiveness[34]. - The company has established eight concentrated juice processing bases and has a production capacity that ranks among the top in the industry[58]. - The company aims to strengthen its R&D capabilities and has established partnerships with renowned universities to foster innovation[68]. Financial Position and Assets - The company's operating revenue reached approximately ¥1.065 billion, representing a 22.24% increase compared to the previous year[46]. - The net cash flow from operating activities was approximately ¥240 million, reflecting a 24.08% increase year-on-year[46]. - The total assets of the company amounted to approximately ¥2.610 billion, a 5.91% increase from the previous year[46]. - The net assets attributable to shareholders were approximately ¥2.369 billion, showing a 6.46% increase compared to the end of the previous year[46]. Accounting and Compliance - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial position, operating results, and cash flows[93]. - The company evaluates its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[92]. - The company assesses the useful life of intangible assets at acquisition, categorizing them as either finite or indefinite[91]. - The company recognizes revenue when control of the product transfers to the customer, typically upon delivery[197]. Credit Risk and Impairment - The company assesses expected credit losses based on historical data, current conditions, and future economic forecasts, categorizing financial instruments into different groups based on common credit risk characteristics[112]. - The company recognizes impairment losses or gains in the current profit and loss statement based on changes in expected credit losses[112]. - The company conducts annual impairment tests for goodwill and indefinite-lived intangible assets, regardless of whether impairment indicators exist[189].

6 烟台北方安德利果汁股份有限公司 前景與展望 在研究與開發方面 ，二零二三年 ，本集團將承擔山東省重點研發計劃（重大科技創新工程）北方代表性水果精深加 工關鍵技術研發與應用的研究；繼續開發果蔬汁飲料、系列風味突出的差異化終端產品；和進行果汁加工工藝的 優化。 致謝 * 僅供識別 主要經營情況 截至二零二二年十二月三十一日止年度，本集團營業收入為人民幣1,065,429,309元，比去年同期人民幣 871,587,320元上升了約22.24%；本年度隨著國際主要港口擁堵情況得到緩解，海運船隻和集裝箱周轉得到改 善，各航線運價逐漸下跌，尤其是北美市場相比去年呈現恢復性增長，致使公司的銷售數量實現了小幅增長，銷 售價格也隨之穩步上升，銷售收入實現了較大的增長。 1. 利潤表及現金流量表相關科目變動分析表 | --- | --- | |---------------------------------------------------|-----------------------------------------------------------------------------| | | | | 營業收 ...

Group 1: Event Announcement - Yantai Northern Andeli Juice Co., Ltd. will participate in the "2022 Annual Investor Online Collective Reception Day" organized by Shandong Securities Regulatory Bureau and Shandong Listed Companies Association [1] - The event aims to enhance communication with investors, improve company transparency, and promote governance standards [1] Group 2: Event Details - The online event will be held on November 16, 2022, from 14:00 to 16:00 [1] - Investors can participate through the P5W Investor Relations Interactive Platform [1] Group 3: Participants - Company executives, including the Vice President, Chief Financial Officer, and Board Secretary Mr. Wang Yanhui, will engage with investors during the event [1] - Topics for discussion include corporate governance, development strategy, operational status, and sustainable development [1]

2022 年第三季度报告 单位：元 币种：人民币 1 / 8 证券代码：605198 证券简称：安德利 烟台北方安德利果汁股份有限公司 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、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 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 本报告期比 年初至报告 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|---------------------------|----------------|---------------------------- ...

Revenue and Profit - Revenue for Q3 2022 reached RMB 241,903,252.47, an increase of 21.36% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was RMB 50,456,463.72, reflecting a growth of 10.16% year-on-year[4] - Net profit excluding non-recurring gains and losses for Q3 2022 was RMB 58,262,217.35, up 104.61% from the previous year[4] - Total revenue for the first three quarters of 2022 reached RMB 810.52 million, a 31.2% increase from RMB 617.70 million in the same period of 2021[13] - The net profit for the first three quarters of 2022 reached CNY 181,381,303.90, a significant increase of 85.7% compared to CNY 97,640,017.81 in the same period of 2021[14] - Operating profit for the first three quarters of 2022 was CNY 181,620,209.23, up from CNY 97,508,222.63 in 2021, reflecting a growth of 86.1%[14] Earnings Per Share - Basic earnings per share for Q3 2022 were RMB 0.141, an increase of 12.8% compared to the same period last year[4] - Diluted earnings per share for Q3 2022 were also RMB 0.141, reflecting a 12.8% increase year-on-year[4] - Earnings per share (EPS) for the first three quarters of 2022 was CNY 0.504, an increase from CNY 0.265 in 2021, reflecting a growth of 89.4%[14] Assets and Equity - Total assets as of September 30, 2022, amounted to RMB 2,586,160,539.37, a 4.95% increase from the end of 2021[5] - Shareholders' equity attributable to the parent company was RMB 2,356,442,291.93, representing a growth of 5.88% year-on-year[5] - The total equity attributable to shareholders as of September 30, 2022, was RMB 2.36 billion, an increase from RMB 2.23 billion at the end of 2021[12] Cash Flow - The company reported a net cash flow from operating activities of RMB 492,531,428.62 for the year-to-date period, up 29.88% from the previous year[4] - Cash flow from operating activities for the first three quarters of 2022 amounted to CNY 492,531,428.62, compared to CNY 379,224,801.08 in 2021, indicating an increase of 30.0%[15] - Cash flow from financing activities showed a net outflow of -CNY 71,606,376.18 in 2022, compared to a net inflow of CNY 10,949,893.79 in 2021[16] Costs and Expenses - Total operating costs for the first three quarters of 2022 were RMB 607.46 million, up 13.4% from RMB 535.50 million in the previous year[13] - Research and development expenses increased to RMB 7.47 million in the first three quarters of 2022, compared to RMB 5.14 million in the same period of 2021, reflecting a 45.4% increase[13] - The company's net profit for the first three quarters of 2022 was impacted by a financial expense of RMB -49.98 million, compared to a financial income of RMB 0.58 million in the same period of 2021[13] Investments - The company reported a significant investment income of RMB 44.79 million for the first three quarters of 2022, compared to RMB 14.42 million in the same period of 2021, marking a 210.5% increase[13] - Total cash inflow from investment activities in the first three quarters of 2022 was CNY 3,273,635,531.83, a substantial rise from CNY 898,710,806.57 in 2021, representing a growth of 264.5%[15] - The net cash flow from investment activities for the first three quarters of 2022 was -CNY 496,089,756.91, worsening from -CNY 151,804,734.94 in 2021[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 3,953[8] - The company received CNY 60,799,941.55 in tax refunds during the first three quarters of 2022, compared to CNY 39,098,309.92 in 2021, marking a rise of 55.5%[15] Inventory and Borrowings - Cash and cash equivalents decreased to RMB 327.87 million as of September 30, 2022, from RMB 380.36 million at the end of 2021, representing a decline of 13.8%[11] - Inventory levels dropped significantly to RMB 349.63 million as of September 30, 2022, down from RMB 635.54 million at the end of 2021, indicating a reduction of 45.0%[11] - Short-term borrowings decreased to RMB 90.00 million as of September 30, 2022, from RMB 100.06 million at the end of 2021, a reduction of 10.6%[12]

Financial Position - As of June 30, 2022, total assets amounted to RMB 2,545,930,772.28, an increase of 3.3% from RMB 2,464,111,598.87 as of December 31, 2021[7][8] - Total liabilities as of June 30, 2022, were RMB 239,944,944.07, a slight increase from RMB 238,542,901.32 at the end of 2021[8] - Shareholders' equity increased to RMB 2,305,985,828.21, up 3.6% from RMB 2,225,568,697.55 as of December 31, 2021[8] - The total equity of the parent company as of June 30, 2022, is RMB 1,083,223,832.73, a decrease of RMB 38,592,561.43 compared to the previous year[22] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 518,987,708.58, up 36.5% from RMB 380,359,588.27 in the previous year[7] - Cash flow from operating activities for the first half of 2022 was RMB 432.60 million, an increase from RMB 370.47 million in the first half of 2021[14] - The company experienced a significant increase in cash inflow from investment activities, totaling RMB 1.64 billion in the first half of 2022, compared to RMB 226.73 million in the same period of 2021[14] - Cash and cash equivalents at the end of the first half of 2022 totaled RMB 508,987,708.58, compared to RMB 350,250,578.98 at the end of the first half of 2021, reflecting a 45.3% increase[15] - The company reported a net cash outflow from financing activities of RMB (44,888,070.63) in the first half of 2022, compared to RMB (26,224,611.38) in the same period of 2021[15] Revenue and Profitability - The company's operating revenue for the first half of 2022 reached RMB 568.62 million, a 36% increase compared to RMB 418.37 million in the same period of 2021[12] - Net profit for the first half of 2022 was RMB 130.92 million, significantly up from RMB 51.84 million in the first half of 2021, representing a growth of 152%[12] - The company reported a basic earnings per share of RMB 0.36 for the first half of 2022, compared to RMB 0.14 in the same period of 2021, indicating a 157% increase[12] - The total profit for the first half of 2022 was RMB 130.95 million, up from RMB 51.71 million in the first half of 2021, marking a growth of 153%[12] Inventory Management - Inventory decreased significantly to RMB 310,837,303.95, down 51.1% from RMB 635,542,840.40 in the previous year[7] - The total inventory at the end of the period was 312,290,965.34, compared to 637,181,330.48 at the beginning, reflecting a significant decrease[191] - The inventory impairment provision at the end of the period was 1,453,661.39, down from 1,638,490.08, showing a reduction of approximately 11.3%[192] Investment Activities - The company’s investment activities resulted in a net cash outflow of RMB 268.43 million in the first half of 2022, compared to a net outflow of RMB 180.11 million in the same period of 2021[14] - Cash inflow from investment activities reached RMB 1,856,112,700.28, significantly up from RMB 230,515,472.24 in the first half of 2021[16] Accounting Policies and Practices - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[31] - The company uses RMB as its accounting currency for domestic subsidiaries, while foreign subsidiaries use the local currency of their operating environment[34] - The accounting basis used is the accrual basis, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[30] Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, such as short-term salaries and post-employment benefits[134] - Short-term compensation is recognized as a liability and expensed in the period the services are provided[135] - Post-employment benefits are classified as defined contribution plans, with liabilities recognized based on contributions to social insurance[136] Financial Instruments and Risk Management - Financial instruments are recognized when the company becomes a party to the financial instrument contract, with amortized cost calculated using the effective interest method[57] - The company assesses the extent of risks and rewards retained when transferring financial assets, determining whether to derecognize the asset based on the transfer conditions[71] - The company applies expected credit loss accounting for financial assets measured at amortized cost and those measured at fair value through other comprehensive income, recognizing loss provisions accordingly[75] Taxation - The corporate income tax rate applicable to the company is between 15% and 25%[167] - The company's income tax rate for domestic subsidiaries is 25%, while certain subsidiaries enjoy a reduced rate of 15% from 2021 to 2030[169] Fixed Assets and Depreciation - Fixed assets are recognized when it is probable that economic benefits will flow to the company and the cost can be reliably measured[111] - The company utilizes the straight-line method for depreciation of fixed assets, with a depreciation rate of 10% for buildings and structures, and 4.5% to 3% for machinery and equipment[117] - The total fixed assets at the end of the period amounted to 1,498,893,777.95, with an increase of 17,859,211.80 during the current period[195] Subsidiaries and Consolidation - The company has 11 subsidiaries included in the consolidated financial statements, all of which are wholly owned except for one holding subsidiary with an 85% voting rights[27] - The consolidated financial statements include all subsidiaries controlled by the company, reflecting the entire group as a single accounting entity[41]

Financial Performance - The company's operating revenue for the first half of the year reached ¥568,616,090.46, a year-on-year increase of 35.91% compared to ¥418,371,887.26[23]. - Net profit attributable to shareholders was ¥130,924,840.18, representing a significant increase of 152.57% from ¥51,837,891.19 in the same period last year[23]. - The net profit after deducting non-recurring gains and losses was ¥132,039,486.20, up 130.58% from ¥57,265,209.40 year-on-year[23]. - Basic earnings per share increased to ¥0.360, a rise of 157.14% compared to ¥0.140 in the previous year[23]. - The weighted average return on net assets rose to 5.78%, an increase of 3.34 percentage points from 2.44% in the same period last year[23]. - The gross profit for the first half of 2022 was ¥145,322,056.83, with a gross margin of 25.56%, significantly up from ¥78,568,292.73 and a gross margin of 18.78% in the previous year[47]. - The company reported a significant increase in investment income, reaching ¥35,165,561.83, which is a 262.03% increase compared to ¥9,713,436.84 in the previous year[48]. - Total operating revenue for the first half of 2022 reached ¥568,616,090.46, an increase of 36% compared to ¥418,371,887.26 in the first half of 2021[143]. - Total operating costs amounted to ¥423,817,175.70, up from ¥364,647,336.57, reflecting a 16% increase year-over-year[143]. - The company reported a total cash outflow from investment activities of RMB 1,932,481,092.86, compared to RMB 361,102,474.46 in the previous year[160]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,545,930,772.28, a 3.32% increase from ¥2,464,111,598.87 at the end of the previous year[23]. - The total liabilities amounted to ¥239,944,944.07, slightly up from ¥238,542,901.32, indicating a marginal increase of about 0.6%[135]. - The company's total liabilities included a notable increase in tax payable, which rose by 387.55% to ¥25,175,329.54[53]. - The total current assets amounted to RMB 1,748,330,820.41, up from RMB 1,678,509,444.42, indicating an increase of about 4.2%[130]. - The total assets of the company reached ¥2,024,559,774.63, up from ¥1,733,333,543.78, reflecting a growth of 16.8%[142]. - The total equity attributable to shareholders reached ¥2,305,985,828.21, compared to ¥2,225,568,697.55, indicating an increase of about 3.6%[135]. Cash Flow - The company's cash flow from operating activities was ¥432,598,051.06, reflecting a 16.77% increase from ¥370,474,383.16 year-on-year[23]. - The net cash flow from operating activities increased to ¥432,598,051.06, up 16.77% compared to the previous period[51]. - The net cash flow from investing activities decreased to -¥268,429,118.68, a 49.03% increase in outflow compared to the previous period[51]. - The net cash flow from financing activities decreased to -¥44,888,070.63, representing a 71.17% increase in outflow compared to the previous period[51]. - The company's cash and cash equivalents increased by 36.45% to ¥518,987,708.58, accounting for 20.38% of total assets[53]. - Cash inflow from operating activities totaled RMB 441,632,667.75, an increase of 39.6% compared to RMB 316,429,267.22 in the same period last year[157]. Risks and Challenges - Major risks include supply shortages of key raw materials, uncertainties from the global COVID-19 pandemic, reliance on a single product, rising logistics costs, and exchange rate risks[8]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and has implemented emergency measures, including logistics adjustments and daily tracking of customer payment statuses[63]. - The company faces risks related to rising logistics costs due to complex international trade environments and the ongoing pandemic, which may affect shipping efficiency and costs[65]. - The company is exposed to exchange rate risks as its domestic operations are settled in RMB while export transactions are primarily in USD, prompting the finance department to monitor foreign currency transactions closely[66]. Environmental and Social Responsibility - Three subsidiaries of the company were listed as key pollutant discharge units by local environmental protection departments in 2022[75]. - The main pollutants from the subsidiaries include wastewater and boiler exhaust, with specific monitoring indicators such as COD, total nitrogen, and total phosphorus[79]. - The company has established wastewater treatment stations for its subsidiaries, with the first one built in 2004 and passing environmental acceptance in 2008[83]. - The company has made significant investments in environmental protection facilities, with the latest approvals for projects received as recently as 2022[84]. - The company reported no instances of exceeding pollution discharge limits or receiving administrative penalties during the reporting period[92]. - The company is committed to enhancing the utilization rates of energy, water resources, and materials, adhering to environmental regulations to minimize the use of natural resources[92]. Corporate Governance - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the semi-annual report[4]. - The company has undergone changes in its board and management, with new independent directors and supervisors elected during the annual general meeting[71]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts overdue or unfulfilled court judgments[103]. - The company has not disclosed any significant litigation or arbitration matters during the reporting period[103]. Research and Development - The company has developed a diverse range of concentrated juices, including concentrated lemon juice, peach juice, and strawberry juice, expanding its product offerings[34]. - The company invested over ¥40 million in 2003 to establish a state-of-the-art R&D center, which has been recognized as a national apple processing technology R&D sub-center[39]. - The company increased its R&D expenses significantly, reflecting a commitment to innovation and product development[51]. - Research and development expenses for the first half of 2022 were ¥2,122,726.56, an increase from ¥1,486,610.18, indicating a 43% rise[143]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 7,020, including 6,998 A-share shareholders and 22 H-share registered shareholders[117]. - The top ten shareholders hold a total of 24.49% (87,605,969 shares) of the company's stock, with Donghua Fruit Industry Co., Ltd. holding 18.39% (65,779,459 shares) and Shandong Andeli Group Co., Ltd. holding 15.28% (54,658,540 shares)[119]. - The company has repurchased 9.6 million H shares, which is 9.921% of the total H share capital authorized by the shareholders' meeting[115]. - The proportion of limited sale shares increased from 55.54% to 57.03% after the share repurchase[114].