2022 年第一季度报告 单位：元 币种：人民币 证券代码：605198 证券简称：德利股份 烟台北方安德利果汁股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一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 本报告期比上年同 | --- | --- | --- | |----------------------------------------------|----------------|---------------------------| | 项目 | 本报告期 | 期增减变动幅度 (%) | | 营业收入 | 266,311,012.18 | 76.39 | ...

Financial Performance - For Q1 2022, the company reported a revenue of RMB 266,311,012.18, representing a year-on-year increase of 76.39%[5] - The net profit attributable to shareholders reached RMB 32,359,570.18, marking a significant increase of 163.99% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 47,389,755.77, up by 85.23% year-on-year[5] - Basic and diluted earnings per share were both RMB 0.09, reflecting a 200.00% increase from the previous year[5] - Gross profit for Q1 2022 was RMB 47,389,755.78, representing a gross margin of approximately 17.8%[13] - Net profit for Q1 2022 was RMB 32,359,570.18, compared to RMB 12,257,777.51 in Q1 2021, marking a year-over-year increase of 163.5%[14] - Basic earnings per share for Q1 2022 were RMB 0.09, up from RMB 0.03 in Q1 2021, representing a 200% increase[14] Assets and Liabilities - The company's total assets as of December 31, 2021, were RMB 2,464,111,598.87, showing a decrease of 2.13% from the end of the previous year[5] - Total assets as of March 31, 2022, amounted to RMB 2,411,546,864.63, down from RMB 2,464,111,598.87 as of December 31, 2021[12] - Current assets decreased to RMB 1,633,616,254.99 from RMB 1,678,509,444.42, reflecting a decline of 2.7%[11] - Inventory levels decreased to RMB 478,042,496.38 from RMB 635,542,840.40, a reduction of 24.8%[11] - Total liabilities decreased to RMB 186,241,306.42 from RMB 238,542,901.32, indicating a decline of 21.9%[12] Cash Flow - The net cash flow from operating activities was RMB 125,773,310.04, which decreased by 21.12% year-on-year[5] - In Q1 2022, the company's operating cash inflow was CNY 248,732,258.08, an increase of 14.5% compared to CNY 217,244,577.62 in Q1 2021[15] - The net cash flow from operating activities decreased to CNY 125,773,310.04 in Q1 2022, down 21.1% from CNY 159,453,569.52 in Q1 2021[15] - The company reported a cash and cash equivalents balance of RMB 171,953,914.93 at the end of Q1 2022, down from RMB 203,948,043.86 at the end of Q1 2021[23] - The total cash outflows for operating activities were RMB 87,724,052.42 in Q1 2022, slightly up from RMB 85,199,112.52 in Q1 2021[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,749, with the top ten shareholders holding significant stakes[8] - Major shareholders include Hong Kong Central Clearing Limited with a 24.51% stake and Donghua Fruit Industry Co., Ltd. with an 18.39% stake[8] Research and Development - Research and development expenses for Q1 2022 were RMB 880,644.68, compared to RMB 671,538.13 in Q1 2021, reflecting a year-over-year increase of 31.1%[13] Tax and Government Subsidies - The company received government subsidies amounting to RMB 742,612.02 during the reporting period[6] - The company received RMB 13,082,184.28 in tax refunds in Q1 2022, more than doubling from RMB 5,095,243.12 in Q1 2021[22] Investment Activities - The company reported an investment cash outflow of CNY 220,043,138.83 in Q1 2022, compared to CNY 215,176,791.55 in Q1 2021[16] - Cash inflows from investment activities totaled RMB 129,601,865.38 in Q1 2022, down 38.7% from RMB 211,380,153.55 in Q1 2021[23] - The net cash flow from investment activities in Q1 2022 was negative at RMB -143,978,877.45, contrasting with a positive RMB 21,225,477.45 in Q1 2021[23]

Financial Performance - The company's operating revenue for the year ended December 31, 2021, was RMB 871,587,000, an increase from RMB 842,020,000 in 2020, representing a growth of approximately 3.5%[5] - The net profit attributable to the company's owners for 2021 was RMB 160,015,000, compared to RMB 151,778,000 in 2020, reflecting an increase of about 5.5%[5] - The basic earnings per share for 2021 was RMB 0.43, up from RMB 0.41 in 2020, indicating a growth of approximately 4.9%[5] - The gross profit margin for the year was 20.61%, down from 23.87% in the previous year[10] - The net profit attributable to shareholders was approximately RMB 160,014,985, an increase of about RMB 8,236,713 or 5.43% compared to RMB 151,778,272 in the previous year[10] - The company's revenue for the year ended December 31, 2021, was approximately RMB 871,587,320, representing an increase of about 3.51% compared to RMB 842,019,695 in the previous year[18] - Gross profit for the same period was approximately RMB 179,672,752, with a gross margin of 20.61%, down from a gross profit of RMB 201,024,167 and a margin of 23.87% in the previous year[18] - Main business revenue was approximately RMB 861,917,168, with a year-on-year growth of about 3.15%, while main business costs were approximately RMB 687,127,067, reflecting a year-on-year increase of about 7.58%[23] Assets and Liabilities - Total assets as of December 31, 2021, amounted to RMB 2,464,112,000, an increase from RMB 2,224,360,000 in 2020, representing a growth of around 10.8%[7] - The total liabilities for the year 2021 were RMB 238,543,000, significantly higher than RMB 116,568,000 in 2020, indicating a substantial increase of approximately 104.5%[7] - The total equity attributable to the company's owners was RMB 2,225,569,000 as of December 31, 2021, up from RMB 2,107,792,000 in 2020, representing an increase of approximately 5.6%[7] - The company's cash and cash equivalents amounted to approximately RMB 380,359,588, with a debt-to-asset ratio of about 9.68%[57] - The total amount of bank loans outstanding as of December 31, 2021, was RMB 100,058,819, all of which were short-term loans with fixed annual interest rates ranging from 3.80% to 3.85%[56] Research and Development - The company increased its R&D expenses by 57.21% to RMB 12,430,586, indicating a commitment to innovation and product development[20] - The company employed 42 R&D personnel, representing 5.65% of the total workforce[30] - The company is undertaking key technology research for the efficient processing of concentrated strawberry juice and optimizing juice processing techniques in 2022[15] - The company is committed to research and development of new products and technologies to stay competitive in the market[60] Market Strategy and Expansion - The company plans to continue expanding its market presence and investing in new product development to drive future growth[9] - The company aims to increase its market share domestically while maintaining its leadership position in exports, leveraging its advantages in capital and management[13] - The company plans to continue expanding its market presence and enhance production capacity, focusing on the development and sales of apple fructose, pear fructose, and apple cloudy juice products[14] - The company aims to expand its market presence and product diversification, targeting emerging markets while maintaining existing customer relationships[39] Corporate Governance - The company has implemented high-level corporate governance practices in compliance with the Shanghai and Hong Kong listing rules[69] - The board of directors is responsible for developing and reviewing the company's corporate governance policies and practices[71] - The company has established four committees: Audit Committee, Nomination Committee, Remuneration and Assessment Committee, and Strategic Committee, each with defined responsibilities[79] - The company has adopted a board diversity policy to enhance performance through diverse skills and experiences[103] Risk Management - The company monitors foreign currency transactions to mitigate exchange rate risks, particularly as its export business is primarily settled in USD[50] - The internal control system is regularly reviewed by the board and the audit committee to ensure its effectiveness in managing risks and safeguarding assets[85] - The risk management strategy includes identifying, assessing, and managing significant risks across different business units, with the audit committee overseeing this process[94] Dividend and Shareholder Information - The board proposed a dividend of RMB 0.5 per ten shares for the year 2021[16] - The company is committed to distributing at least 10% of its distributable profits as cash dividends in profitable years[107] - The company has confirmed that the withholding tax rate for dividends paid to overseas shareholders is generally 10%[124] Employee Information - The average number of employees decreased to 913 in the fiscal year ending December 31, 2021, down from 992 in 2020, with employee costs amounting to approximately RMB 65,849,059[140] Related Party Transactions - The company has established a procurement framework agreement with Andeli Pectin to regulate product procurement from January 1, 2019, to December 31, 2022[168] - The company has implemented sufficient internal control procedures to ensure that related transactions are conducted fairly and in the best interest of the company and its shareholders[165] Financial Audit - The audit opinion states that the financial statements fairly reflect the financial position and operating results of the company for the year ended December 31, 2021[186] - Key audit matters identified include accounts receivable impairment, revenue recognition, and inventory confirmation[188] - The audit committee held five meetings during the reporting period, with all members present[181]

Financial Performance - The company's operating revenue for 2021 was RMB 871,587,320.36, representing a 3.51% increase compared to RMB 842,019,695.12 in 2020[19]. - The net profit attributable to shareholders of the listed company for 2021 was CNY 160,014,984.91, representing a 5.43% decrease from CNY 169,268,723.74 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,411,853.25, an increase of 15.48% compared to CNY 86,083,955.68 in 2020[22]. - The net cash flow from operating activities was CNY 194,021,077.47, down 8.15% from CNY 211,246,862.12 in 2020[22]. - The total assets at the end of 2021 were CNY 2,464,111,598.87, reflecting a 10.78% increase from CNY 2,224,359,551.49 at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.43, a 4.88% increase from CNY 0.41 in 2020[22]. - The company reported a total revenue of RMB 838,127,336.92 in 2019, indicating a steady growth trend over the years[19]. - The company achieved a net profit attributable to shareholders of RMB 160,014,984.91 for the year 2021, with distributable profits amounting to RMB 1,689,200,792.40 after statutory surplus reserves were deducted[152]. Risk Management - The company faces major risks including supply shortages of key raw materials, uncertainties from the global COVID-19 pandemic, and rising logistics costs[7]. - The company is dependent on a single product, which poses a risk to its operations[7]. - The company has a comprehensive risk management strategy outlined in the management discussion and analysis section of the report[7]. - The company is addressing risks related to the COVID-19 pandemic by implementing emergency measures, including logistics adjustments and customer communication regarding delivery timelines[103]. - The company is facing risks from rising logistics costs due to complex international trade environments and the ongoing pandemic, which affects shipping efficiency[105]. - The company faces exchange rate risk due to its operations primarily in China with RMB settlements and export business mainly in USD, leading to potential fluctuations in foreign currency assets and liabilities[109]. - The financial department monitors foreign currency transactions and assets to minimize exchange rate risks, utilizing forward foreign exchange contracts as a hedging strategy[109]. Corporate Governance - The company has a strong governance structure with all board members present at the meeting[5]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring effective checks and balances among its governing bodies[111]. - During the reporting period, the company held 2 shareholder meetings, 9 board meetings, and 8 supervisory meetings, demonstrating effective governance operations[112]. - The company adheres to information disclosure obligations, ensuring that disclosures are timely, accurate, and complete, thereby safeguarding investors' rights to know about significant company matters[113]. - The company has not reported any significant differences in governance compared to regulatory requirements, indicating compliance with corporate governance standards[116]. - The company has not disclosed any related party transactions that could affect its independence, maintaining a clear operational boundary[116]. - The company has established effective internal control mechanisms to enhance management efficiency and risk control over subsidiaries[158]. Research and Development - The company has invested over ¥40 million to establish a research and development center with international advanced levels, enhancing its product development capabilities[47]. - Research and development expenses rose significantly by 57.21% to ¥12,430,586.65, reflecting the company's increased investment in R&D[54][56]. - Total R&D investment accounted for 1.43% of operating revenue, with 42 R&D personnel making up 5.65% of the total workforce[73]. - The company plans to enhance its research and development for various fruit juice products to solidify its market leadership[86]. Market Expansion and Product Development - The company expanded its sales network to major countries and regions worldwide, including the US, Japan, Europe, and South America, enhancing its market presence[33]. - The company aims to continue developing new products and customer groups to increase market share in the future[33]. - The company is optimizing its customer base by actively seeking new clients through various channels, including trade shows and client visits[35]. - The company has developed a diverse product range, including concentrated apple juice, pear juice, and fructose, catering to markets in China, the US, Russia, Japan, and South Africa[42]. - The company plans to expand its product range, increasing the production of high-value-added products such as apple fructose and pear fructose, to meet diverse customer needs and increase revenue[98]. - The company aims to solidify its existing market share while exploring new emerging markets, particularly focusing on the U.S. market recovery[98]. Environmental Responsibility - The company has established wastewater treatment stations in 2004, 2007, and 2007, with successful environmental protection acceptance in 2008 and 2009[169][170]. - The company monitors pollutants including COD, ammonia nitrogen, total nitrogen, and total phosphorus in wastewater, with discharge limits set at 50 mg/L for COD and 8 mg/L for ammonia nitrogen[172]. - The company has implemented online monitoring systems for wastewater and flue gas emissions, ensuring real-time self-monitoring[172]. - The company is committed to reducing carbon emissions by converting coal-fired boilers to gas-fired boilers and installing biogas recovery equipment[176]. - The company adheres to various environmental discharge standards, including the Liaoning Province wastewater discharge standard DB21.1627-2008[172]. Shareholder Returns - The profit distribution plan approved by the board includes a cash dividend of RMB 0.50 per 10 shares, based on 357,700,000 shares[7]. - The proposed cash dividend for 2021 is RMB 0.50 per share, totaling RMB 17,885,000.00, which represents 11.18% of the net profit attributable to the parent company's ordinary shareholders[153]. - The company has established a cash dividend policy that mandates a minimum distribution of 10% of the annual distributable profits when profits are positive[152]. Employee Management - The company employed a total of 744 staff, with 171 in the parent company and 573 in major subsidiaries[146]. - The company emphasized the importance of employee training to enhance competitiveness, organizing various training programs covering safety, policy, law, and market operations[148]. - The remuneration for directors in 2021 was set at RMB 80,000 per person annually, while supervisors received RMB 50,000 per person annually[143]. Strategic Planning - The company is considering strategic acquisitions to enhance its product offerings, with a target of acquiring at least one company in the next 12 months[128]. - The company plans to utilize various financing methods, such as targeted placements and bank loans, to support sustainable development[98]. - The company is focused on expanding its market presence and developing new products, particularly in the concentrated apple juice sector[122].

2021 年第三季度报告 单位：元 币种：人民币 1 / 11 证券代码：605198 证券简称：德利股份 烟台北方安德利果汁股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|--------------------------------------|----------------|---------------------- ...

YANTAI NORTH ANDRE JUICE CO.,LTD. 烟台北方安德利果汁股份有限公司 (a joint stock limited company incorporated in the People's Republic of China) (Stock Code: 02218) Interim Report 2021 二零二一年中報 Interim Report 2021 YANTAI NORTH ANDRE JUICE CO.,LTD. 烟台北方安德利果汁股份有限公司 ( : 02218) （於中華人民共和國註冊成立之有限公司 ） 股份代號 二零二一年 中報 A Professional Concentrated Juice Manufacturer 專業的濃縮果汁生產商 ANDRE Yantai North Andre Juice Co., Ltd.* 02218 合併資產負債表－未經審核 30/06/2021 （除特別注明外，金額單位均為人民幣元） | --- | --- | --- | --- | |---------------------|---------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥418,371,887.26, a decrease of 11.01% compared to ¥470,121,307.00 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥51,837,891.19, down 40.07% from ¥86,490,641.69 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,265,209.40, a decrease of 29.05% compared to ¥80,711,735.69 in the same period last year[20]. - The net cash flow from operating activities was ¥370,474,383.16, which is a decline of 21.35% from ¥471,033,021.44 in the previous year[20]. - Basic earnings per share decreased by 42.15% to CNY 0.140 compared to the same period last year[22]. - Diluted earnings per share also decreased by 42.15% to CNY 0.140 compared to the same period last year[22]. - The weighted average return on equity dropped by 1.98 percentage points to 2.44% compared to the same period last year[22]. - The gross profit for the first half of 2021 was CNY 78,568,292.73, with a gross margin of 18.78%, down from CNY 137,230,677.61 and a gross margin of 29.19% in the previous year[43]. - The company's revenue for the first half of 2021 was CNY 418,371,887.26, a decrease of 11.01% compared to CNY 470,121,307.00 in the same period of 2020[45]. - The net profit attributable to the parent company for the first half of 2021 was CNY 51,837,891.19, representing a decrease of 40.07% from CNY 86,490,641.69 in the same period last year[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,279,273,819.32, an increase of 2.47% from ¥2,224,359,551.49 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,117,391,603.83, reflecting a slight increase of 0.46% from ¥2,107,791,120.85 at the end of the previous year[20]. - Total current assets as of June 30, 2021, amounted to RMB 1,492,439,955.40, an increase from RMB 1,450,613,628.93 as of December 31, 2020[112]. - The total current assets increased to ¥1,120,125,785.33 from ¥929,233,272.24, showing a growth of approximately 20.6%[118]. - Total liabilities increased to ¥161,882,215.49 from ¥116,568,430.64, representing a growth of approximately 38.8%[116]. - Total liabilities increased to CNY 638,288,474.88, compared to CNY 396,099,042.40 in the previous year[122]. - The total non-current assets include fixed assets valued at RMB 658,950,503.67, slightly down from RMB 667,605,005.22[112]. Cash Flow - Cash and cash equivalents increased by 86.32% to CNY 350.25 million, primarily due to seasonal production halts leading to higher cash inflows from sales[50]. - The company's operating cash flow for the first half of 2021 was CNY 370,474,383.16, down 21.35% from CNY 471,033,021.44 in the previous year[45]. - The cash and cash equivalents at the end of the period amounted to ¥261,338,645.97, down from ¥668,562,628.66 at the end of the first half of 2020[137]. - The company reported a significant increase in cash received from other operating activities, which increased significantly to ¥67,061,471.90 from ¥4,302,153.36 in the previous year[135]. - The company incurred financial expenses of approximately ¥2.15 million in the first half of 2021, compared to a financial income of approximately ¥5.42 million in the same period of 2020[130]. Risks and Challenges - The company faces risks including supply shortages of key raw materials, uncertainties from the global COVID-19 pandemic, and rising logistics costs[6]. - The ongoing COVID-19 pandemic presents uncertainties in the operating environment, potentially affecting production and logistics[57]. - The company faced risks related to raw material supply shortages, with apple procurement costs accounting for approximately 65% of product costs[55]. - Rising logistics costs are a concern due to complex international trade environments and COVID-19 impacts, leading to increased shipping costs[59]. - The company is monitoring the pandemic situation and communicating with clients to mitigate the impact of rising shipping costs[60]. Research and Development - Research and development expenses increased by 72.48% to CNY 1,486,610.18 compared to CNY 861,917.82 in the same period last year[45]. - The R&D center, established with an investment of over CNY 40 million, supports new product development and technological advancements[33]. - The company is diversifying its product offerings by developing and selling apple fructose, pear fructose, and drinking water to reduce dependence on concentrated juice[58]. Environmental Compliance - Three subsidiaries have been listed as key pollutant discharge units by local environmental authorities, indicating environmental compliance challenges[68]. - The company has established wastewater treatment plants for its subsidiaries, with White Water Andeli's plant built in 2004, Dalian Andeli's in 2007, and Yongji Andeli's in 2007, all passing environmental protection assessments by 2008 and 2009[73]. - The company has implemented online monitoring systems for wastewater discharge, ensuring real-time self-monitoring capabilities[76]. - The company emphasizes green and sustainable practices as part of its long-term strategy, aiming to create a resource-saving and environmentally friendly enterprise[78]. Shareholder Information - The total number of shares before the change was 378,000,000, with a decrease of 10,700,000 shares, resulting in a total of 367,300,000 shares after the change[100]. - The total number of shareholders at the end of the reporting period was 7,200, including 7,177 A-share shareholders and 23 H-share shareholders[101]. - The largest shareholder, Hong Kong Central Clearing, held 96,888,626 shares, representing 26.38% of the total shares[102]. - The company has a 36-month lock-up period for shares post-IPO for major shareholders[82]. Management and Governance - The company has appointed a new vice president while another has resigned, indicating changes in management structure[65]. - The company has committed to taking remedial measures for any issues arising during the reporting period[84]. - The company has no significant litigation or arbitration matters during the reporting period[90]. - The company has maintained good integrity status with no major debts or court judgments unfulfilled[90]. Strategic Plans - The company aims to capitalize on the growing demand for natural and additive-free juices in developing countries[30]. - The company plans to optimize its customer base by actively seeking new clients through various channels such as exhibitions and client visits[41]. - The company is planning to expand its market presence and product offerings, although specific new products and technologies were not detailed in the report[106].

烟台北方安德利果汁股份有限公司 2021 年第一季度报告 公司代码：605198 公司简称：德利股份 烟台北方安德利果汁股份有限公司 2021 年第一季度报告 1 / 20 烟台北方安德利果汁股份有限公司 í 二、 11Í 四、 2021 年第一季度报告 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 20 烟台北方安德利果汁股份有限公司 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 公司负责人王安、主管会计工作负责人王艳辉及会计机构负责人（会计主管人员）李磊保证 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 | --- | --- | --- | --- | |--------------- ...

FR NDRE 烟台北方安德利果汁股份有限公司 （於中華人民共和國註冊成立之之有限公司） ( 股 份 代 號：02218) 專業的濃縮果汁生產商 二零年 年報 目錄 頁次 | --- | --- | |------------------------|-------| | | | | 公司資料 | 2 | | 財務摘要 | 3 | | 董事長報告書 | 5 | | 管理層討論及分析 | 9 | | 董事、監事及高級管理層 | 25 | | 企業管治報告 | 30 | | 董事會報告 | 47 | | 監事會報告 | 67 | | 審計報告 | 68 | | 合併資產負債表 | 75 | | 母公司資產負債表 | 77 | | 合併利潤表 | 79 | | 母公司利潤表 | 80 | | 合併現金流量表 | 81 | | 母公司現金流量表 | 83 | | 合併股東權益變動表 | 85 | | 母公司股東權益變動表 | 87 | | 財務報表附註 | 89 | 二零二零年年報1 公司資料 | --- | --- | |----------------------------------------------- ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥842 million, a slight increase of 0.46% compared to ¥838 million in 2019[23]. - The net profit attributable to shareholders decreased by 10.33% to approximately ¥152 million in 2020 from ¥169 million in 2019[23]. - The net profit after deducting non-recurring gains and losses fell by 45.78% to approximately ¥86 million in 2020 compared to ¥159 million in 2019[23]. - The net cash flow from operating activities significantly increased by 1,759.86% to approximately ¥211 million in 2020 from ¥11 million in 2019[23]. - The company's total assets grew by 9.05% to approximately ¥2.224 billion at the end of 2020, up from ¥2.040 billion at the end of 2019[23]. - The basic earnings per share decreased by 12.77% to ¥0.41 in 2020 from ¥0.47 in 2019[23]. - The weighted average return on equity decreased by 1.54 percentage points to 7.63% in 2020 from 9.17% in 2019[23]. - The company's gross profit for 2020 was 201,024,167.18 RMB, with a gross margin of 23.87%, down from 264,284,664.03 RMB and 31.53% in 2019, primarily due to decreased sales prices and increased operating costs[49]. - The net profit attributable to the parent company was 151,778,272.20 RMB, a decrease of 10.33% from 169,268,723.74 RMB in the previous year, impacted by the pandemic and rising shipping costs[50]. - Main business revenue for 2020 was 835,579,859.39 RMB, a year-on-year increase of 0.49%, while main business costs rose by 11.83% to 638,702,439.05 RMB[52]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares based on 367,300,000 shares[5]. - The proposed cash dividend of RMB 0.50 per 10 shares totals RMB 18,365,000, which represents 12.10% of the net profit attributable to ordinary shareholders for 2020[97]. - The cash dividend level for 2020 was below 30% due to the expenditure of HKD 91,423,765 for repurchasing H shares and the need to reserve funds for raw material purchases for the new juicing season[101]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[103]. - The company’s retained earnings will be carried forward for future distribution, as the cash dividend was lower than previous years[97]. - The company’s profit distribution plan requires approval from the shareholders' meeting after being reviewed by the board and supervisory committee[99]. Risks and Challenges - The company is affected by major risks including raw material supply shortages and uncertainties due to the global COVID-19 pandemic[6]. - The company's financial performance is influenced by factors such as Sino-U.S. trade tensions[6]. - The company is facing risks from the ongoing US-China trade tensions, which have imposed a 25% tariff on concentrated apple juice exports to the US, affecting sales uncertainty[92]. - The company has implemented measures to mitigate risks from raw material supply shortages and has adjusted procurement strategies to manage price volatility[88]. - The company has developed emergency measures to address uncertainties in the operating environment due to the COVID-19 pandemic, including increasing logistics options and monitoring customer payment statuses[91]. Market and Business Operations - The company’s main business involves the production and sale of fruit juice products[15]. - The company has established eight concentrated juice processing bases and has a designed annual processing capacity of 1 million tons[30]. - The company has cumulatively paid over ¥10 billion to farmers for raw fruit since its establishment[30]. - The company is recognized as a national key leading enterprise in agricultural industrialization and a top 100 enterprise in food industry exports in China[30]. - The concentrated apple juice market in developed countries accounts for 80% of global consumption, with stable demand expected despite short-term trade tensions[34]. - The company aims to optimize its customer base by actively seeking new clients and enhancing communication with existing ones to increase order volumes[46]. - The company has developed a stable sales network that extends to major countries and regions worldwide, including the US, Japan, and Europe, enhancing its market presence[44]. - The company maintains long-term stable partnerships with renowned beverage manufacturers such as Coca-Cola and PepsiCo, ensuring a solid customer base[41]. Research and Development - The company has invested over 40 million RMB to establish a state-of-the-art R&D center, which supports new product development and technological advancements[38]. - The company reported a significant increase in R&D expenses, which rose by 227.21% to 7,907,103.54 RMB, indicating a focus on innovation[51]. - Total R&D investment accounted for 0.94% of operating revenue, with 49 R&D personnel representing 5.66% of the total workforce[61]. - The company is actively seeking to reduce reliance on a single product by diversifying into apple fructose, pear fructose, and fresh-squeezed juices, responding to market demands[93]. Environmental Compliance - The company has been listed as a key pollutant discharge unit by local environmental authorities for four subsidiaries, indicating a focus on environmental compliance[129]. - The wastewater from the subsidiaries is treated to meet standards before being discharged into the municipal sewage system, ensuring environmental protection[131]. - The company has established a wastewater treatment station in Baishui since 2004, which passed environmental protection acceptance in March 2008[135]. - The company has implemented online monitoring systems for pollutants such as COD, total phosphorus, and nitrogen at wastewater discharge outlets[140]. - The company adheres to the wastewater discharge standards of GB8978-1996 and GB/T31962-2015, with specific limits for COD at 500 mg/L and ammonia nitrogen at 45 mg/L[134]. Corporate Governance - The company has established a comprehensive governance structure in accordance with the Company Law and Securities Law, ensuring effective checks and balances among various decision-making bodies[200]. - The governance framework includes a series of management systems based on the Articles of Association and rules for shareholder meetings, board meetings, and supervisory meetings[200]. - Responsibilities and procedures for the general meeting of shareholders, board of directors, supervisory board, and management team are clearly defined[200]. - The governance structure promotes scientific division of labor and effective supervision among power institutions, decision-making bodies, operational institutions, and supervisory institutions[200]. - The company emphasizes the importance of compliance with institutional norms in exercising rights and fulfilling responsibilities[200]. Shareholder Information - The company has a total of 5,912 ordinary shareholders as of the end of the reporting period[158]. - The top ten shareholders held a total of 28.61% of the shares, with Hong Kong Central Clearing holding 108,128,440 shares (28.61%) and Donghua Fruit Industry Co., Ltd. holding 65,779,459 shares (17.40%)[161]. - The actual controllers of the company are Wang An and Wang Meng, with no other significant changes in control during the reporting period[172]. - The company has no plans for share reduction or other significant changes in shareholding structure[175]. Employee Management - The company employed a total of 865 staff, including 461 production personnel, 20 sales personnel, 253 technical personnel, 39 financial personnel, and 92 administrative personnel[195]. - The company has established a performance-based salary management system to align remuneration with overall company interests and market competitiveness[196]. - The company organized various training programs covering safety, policy, law, information technology, marketing, operational techniques, and finance to enhance employee skills[198]. - The company emphasizes the importance of employee training to improve understanding of corporate decisions and enhance competitiveness[197].