证券代码：605339 证券简称：南侨食品 公告编号：临 2023-029 南侨食品集团（上海）股份有限公司 关于召开 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 5 月 29 日(星期一)下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.ss einfo.com/） 会议召开方式：上证路演中心网络互动 （二） 会议召开地点：上海证券交易所上证路演中心（http://roadshow. sseinfo.com/） （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 总经理：林昌钰先生 董事会秘书及财务总监：向书贤先生 独立董事：陈怀谷先生 投资者可于 2023 年 5 月 22 日(星期一)至 5 月 26 日(星期五)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：ncfgs@ncbaker y.com 进行提问。公司将在说明会上对投资者 ...

Financial Performance - The company achieved a consolidated net profit attributable to the parent company of ¥160,575,547.42 in 2022, with a base of ¥109,144,637.57 for the parent company's net profit[6]. - The total distributable profit for the parent company after accounting for statutory surplus reserves and previous undistributed profits is ¥507,252,413.47[6]. - A cash dividend of ¥3 per 10 shares (including tax) is proposed, amounting to a total of ¥128,392,984.80 based on the total share capital of 427,976,616 shares as of March 13, 2023[6]. - The company does not plan to increase capital reserves or issue bonus shares for the year 2022[6]. - In 2022, the company's operating revenue was CNY 2,861,395,176.17, a decrease of 0.40% compared to 2021[26]. - The net profit attributable to shareholders decreased by 56.41% to CNY 160,575,547.42 in 2022[26]. - The basic earnings per share dropped by 58.70% to CNY 0.38, reflecting the decline in net profit[27]. - The weighted average return on equity fell to 4.98%, down 8.82 percentage points from the previous year[27]. - The net cash flow from operating activities was CNY 200,566,776.40, a decrease of 5.80% compared to 2021[26]. - The company's total assets at the end of 2022 were CNY 4,161,437,459.39, an increase of 0.99% from the previous year[26]. - The net assets attributable to shareholders increased by 1.61% to CNY 3,250,009,036.45 at the end of 2022[26]. - The net profit after deducting non-recurring gains and losses decreased by 58.20% to CNY 147,831,746.98[28]. Risk Management - The report includes a risk statement indicating that forward-looking statements do not constitute a commitment to investors, highlighting the importance of considering investment risks[7]. - The report details potential risks that the company may face, which are elaborated in the management discussion and analysis section[8]. - The company faced challenges in offline consumption and rising raw material costs, impacting profit margins[26]. - The company has not violated decision-making procedures for external guarantees[8]. - There were no non-operating fund occupations by controlling shareholders or related parties reported[8]. Audit and Compliance - The audit report issued by KPMG was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[5]. - The company’s financial report is signed and sealed by responsible personnel, ensuring its authenticity and reliability[5]. - The company has maintained effective internal controls over financial and non-financial reporting, as confirmed by an independent audit from KPMG, which issued a standard unqualified opinion[157]. - The company has not faced any penalties from securities regulatory authorities in the past three years[129]. Product Development and Market Strategy - The company expanded its frozen dough production capacity, increasing it by 200% at the Shanghai facility, which became the second production base after Tianjin[37]. - A new fully-owned subsidiary was established in Chongqing with an investment of approximately 480 million RMB to build a production base for cream and frozen dough, expected to be operational by Q2 2025[37]. - The company launched new products including Australian-style cream baking oil and customized products for large clients, responding to market trends[38]. - The introduction of pre-baked products received positive feedback, indicating strong market potential for future expansion[38]. - The company developed a new cream product specifically for cakes, which has been well-received and is expected to increase market share in the cake segment[39]. - The company introduced plant-based products such as pistachio oat milk, targeting the growing health-conscious consumer segment[39]. - A dedicated sales team for supermarkets was established to explore market potential in regional supermarkets and convenience stores[40]. - The company plans to continue developing high-end dairy products to meet the diverse upgrading demands of the domestic baking industry[40]. - The company accelerated the refinement of its sales network in first- and second-tier cities, aiming to expand market share and meet diverse customer needs[41]. - The company is actively enhancing its brand through new media channels, increasing consumer interaction and brand awareness[41]. Industry Insights - In 2022, the Chinese baking industry market size reached CNY 285.3 billion, with expectations to grow to CNY 351.8 billion by 2025, indicating significant growth potential[44]. - The penetration rate of frozen dough in China is only about 10%, indicating substantial growth opportunities compared to 40% in Europe and 70% in the U.S.[46]. - The domestic baking industry has a compound annual growth rate of approximately 7.9% from 2016 to 2021, outpacing the global average[44]. - The baking industry in China has a compound annual growth rate of 7.69% from 2016 to 2021, indicating significant growth potential[90]. Financial Management - The company's operating costs increased by 13.18% to CNY 2,239.56 million from CNY 1,978.79 million[67]. - Research and development expenses decreased by 11.44% to CNY 70.41 million from CNY 79.51 million[67]. - The total costs for the period amounted to CNY 2,237,606,281.65, an increase of 13.21% compared to CNY 1,976,427,105.91 in the same period last year[77]. - Direct materials for baking applications reached CNY 1,041,000,905.86, representing 84.36% of total costs, up from 80.93% last year[77]. - The transportation costs for dairy products increased by 37.46% year-on-year, primarily due to growth in sales volume and changes in customer structure[78]. - The total sales expenses for the period were CNY 216,300,350.45, a 2.36% increase from CNY 211,321,230.96 in the previous period[81]. Corporate Governance - The company has multiple executives holding positions in various affiliated entities, indicating a broad governance structure[124]. - The company’s management structure includes representatives in significant roles across several subsidiaries and associated companies[123]. - The company is actively involved in governance and oversight through its board and supervisory committees[127]. - The company’s financial performance and management practices are subject to review and approval by the shareholders' meeting[127]. Employee Engagement and Welfare - The total number of employees in the parent company is 451, while the total number of employees in major subsidiaries is 1,132, resulting in a combined total of 1,583 employees[142]. - The company has established a comprehensive compensation and benefits system, ensuring that employee salaries are positioned at the market average level, with core employees receiving competitive compensation[144]. - The company is committed to improving employee welfare, including providing paid leave, commercial insurance, and other benefits to enhance employee stability and sense of belonging[144]. - The company has implemented a training system to enhance organizational capabilities and maintain core competitiveness, ensuring 100% completion of training plans[145]. Environmental Responsibility - The company completed a solar power project with an investment of approximately CNY 14 million, which is expected to reduce annual carbon emissions by over 1,500 tons[42]. - The company invested 8.05 million yuan in environmental protection during the reporting period[159]. - The company reduced carbon emissions by 1.174 tons through measures such as installing solar power systems and initiating condensate water recovery projects[160]. - The company has not reported any environmental penalties during the reporting period[160]. Shareholder Relations - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends when conditions are met[147]. - The company declared a cash dividend of CNY 141,125,955.96, which represents 38.31% of the net profit attributable to ordinary shareholders in the consolidated financial statements[150]. - The cash dividend per 10 shares is CNY 3.30, and no stock bonus or stock increase was proposed[150]. - The company has a clear and complete decision-making process regarding its cash dividend policy, ensuring the protection of minority shareholders' rights[148]. Related Party Transactions - The company aims to avoid related party transactions with its controlling shareholder, Nanjiao Foods, and its subsidiaries[168]. - In unavoidable related party transactions, the company will ensure fair pricing based on market principles and independent third-party standards[168]. - The company commits to comply with national laws and regulations regarding related party transactions to protect shareholder interests[168]. - The pricing policy for related party transactions will adhere to principles of fairness, justice, and transparency[168]. Strategic Planning - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[121]. - The company aims to expand its business into the baking, catering, and retail markets as part of its long-term strategic goal[99]. - The company plans to deepen its presence in the baking market by expanding into lower-tier cities, aiming to cultivate grassroots markets with high-value consulting services[100]. - The company will optimize its organizational structure to focus on the frozen dough business, creating a dedicated pre-baked goods division to enhance resource allocation and support[102].

关于召开 2022 年年度业绩说明会的公告 证券代码：605339 证券简称：南侨食品 公告编号：临 2023-023 南侨食品集团（上海）股份有限公司 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 3 月 17 日(星期五)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.ss einfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 3 月 14 日(星期二)至 3 月 15 日(星期三)17:00 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：ncfgs@ncbaker y.com 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。 南侨食品集团（上海）股份有限公司（以下简称"公司"）于 2023 年 3 月 14 日在上海证券交易所网站（http://www.sse.com.cn）披露了公司《2022 年年 度报告》，为便于广大投资者更全面深入地了解公司 ...

2022 年第三季度报告 单位：元 币种：人民币 1 / 15 证券代码：605339 证券简称：南侨食品 公告编号：临 2022-069 南侨食品集团（上海）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 | --- | --- | --- | --- | --- | |-----------------------------|----------------|---------------------------------------|------------------|------------------------- ...

Financial Performance - Namchow Food Group reported a revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[17]. - The company's net profit for the same period was RMB 150 million, up 10% compared to the previous year[17]. - The company's operating revenue for the first half of 2022 was CNY 1,425,958,698.11, representing a year-on-year increase of 4.68% compared to CNY 1,362,171,163.92 in the same period last year[25]. - The net profit attributable to shareholders of the listed company decreased by 35.66% to CNY 125,701,280.68 from CNY 195,364,773.52 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 37.72% to CNY 118,766,994.29 compared to CNY 190,711,298.48 in the same period last year[25]. - The basic earnings per share decreased by 44.23% to CNY 0.29 from CNY 0.52 in the previous year[25]. - The net cash flow from operating activities for the first half of 2022 was CNY 97,359,821.05, a decrease of 11.58% from CNY 110,114,116.26 in the previous year[25]. - The company reported a significant decrease in net cash flow from investment activities, dropping to -¥22,207,784.98 from ¥8,600,283.82, due to the absence of recoveries from financial asset investments this period[75]. - The company's net profit for the first half of 2022 was CNY 35,645,300.40, a decrease of 25.6% compared to CNY 47,993,638.10 in the same period of 2021[183]. - The total comprehensive income for the first half of 2022 was CNY 35,645,300.40, compared to CNY 47,993,638.10 in the same period of 2021[186]. Market Expansion and Product Development - User data indicates a growth in customer base by 20%, reaching 1 million active users[17]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[17]. - New product development includes the launch of a premium baking oil line, expected to contribute an additional RMB 50 million in revenue by year-end[17]. - The company aims to maintain a leading position in the domestic baking oil market through advanced R&D technology and comprehensive service[31]. - The company is expanding its product line with new offerings in the JoyQ series, targeting the booming ready-to-drink tea market[37]. - The company plans to develop more high-end dairy baking ingredients to meet the diverse demands of the domestic baking industry[38]. - The newly launched Qiaoyi cream for cakes has high whipping volume and stability, aiming to increase market share in the growing cake market[37]. - The introduction of frozen dough products has seen a surge in demand, particularly during the pandemic, providing efficient solutions for various baking businesses[39]. - The company has successfully developed a series of new frozen dough products tailored for different business formats, enhancing its product offerings[61]. Operational Efficiency and Investments - Namchow Food Group is investing RMB 200 million in technology upgrades to enhance production efficiency by 30%[17]. - The company has established a second frozen dough production base in Shanghai to alleviate supply shortages and improve delivery efficiency[39]. - The company plans to expand its production capacity in Tianjin, Guangzhou, and Shanghai to meet increasing demand for frozen dough products[63]. - The company has developed over a hundred SKUs in its frozen dough product line to cater to diverse customer needs[57]. - The company has established customer service centers in 18 cities to provide rapid and convenient after-sales service and technical training[45]. - The company employs a market demand-oriented production model, ensuring effective balance between planned and flexible production[44]. Risk Management and Compliance - The report includes a detailed risk assessment, highlighting potential market volatility as a significant concern[7]. - The company faces risks including intense industry competition, raw material price fluctuations, and potential impacts from the ongoing COVID-19 pandemic[85]. - The company has achieved a 100% compliance rate in environmental monitoring across its subsidiaries, ensuring effective operation of pollution control equipment[100]. - The company has received multiple environmental management certifications, including ISO50001:2018 and ISO14064-1:2018, across its subsidiaries[100]. Shareholder and Governance Matters - The board of directors confirmed that all members attended the meeting, ensuring transparency in decision-making[5]. - The company has not disclosed any changes in its employee stock ownership plan or other incentive measures during the reporting period[92]. - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[92]. - The actual controllers and shareholders committed to not transferring or entrusting their shares for 36 months post-IPO, with a minimum selling price not lower than the issuance price after the lock-up period[106]. - The company will ensure that any share repurchase does not lead to a violation of the legal distribution of shares required for listing[121]. - The company commits to avoiding related party transactions with its controlling shareholders and ensures that any necessary transactions are conducted at fair market prices[112]. - The company has established a long-term commitment to prevent any illegal occupation of funds or assets from its subsidiaries by related parties[112]. Community Engagement and Social Responsibility - During the pandemic, the company donated over 20,000 emergency supplies, including imported butter and freshly baked goods, to support Shanghai's needs[64]. - The company provided over 20,000 baked goods to frontline medical staff during the COVID-19 pandemic as part of its community support efforts[103].

Financial Performance - The company's operating revenue for Q1 2022 was ¥660,265,232.42, representing a year-on-year increase of 1.94%[5] - The net profit attributable to shareholders was ¥53,020,608.84, a decrease of 45.70% compared to the same period last year[5] - Total operating revenue for Q1 2022 was ¥660,265,232.42, an increase of 1.8% compared to ¥647,730,414.11 in Q1 2021[31] - Net profit for Q1 2022 was ¥53,055,450.93, a decrease of 45.4% from ¥97,810,909.69 in Q1 2021[34] - The total comprehensive income attributable to the parent company's owners for Q1 2022 was ¥53,020,608.84, down from ¥97,646,712.86 in Q1 2021[37] Cash Flow - The net cash flow from operating activities increased significantly by 197.16%, amounting to ¥79,207,224.72[5] - Cash inflow from operating activities in Q1 2022 was ¥926,652,349.43, compared to ¥818,899,217.53 in Q1 2021, reflecting a growth of 13.2%[36] - The cash flow from operating activities totaled $847,445,124.71, compared to $792,244,870.98, reflecting an increase of about 7%[40] - The company reported a net cash flow from investing activities of -$20,119,379.87, contrasting with a positive cash flow of $33,329,218.02 in the prior period[40] - The ending balance of cash and cash equivalents increased to $2,025,235,454.86 from $1,105,605,425.68, marking a growth of about 83% year-over-year[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,115,141,428.10, a slight decrease of 0.13% from the end of the previous year[8] - The company's total current assets amounted to approximately RMB 2.84 billion, a slight decrease from RMB 2.84 billion as of December 31, 2021[21] - Total liabilities decreased to RMB 852.26 million from RMB 919.35 million, representing a decline of approximately 7.3%[27] - The company's total equity increased to RMB 3.26 billion from RMB 3.20 billion, marking a growth of about 1.9%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,085[15] - The equity attributable to shareholders increased by 1.93% to ¥3,260,305,099.39 compared to the end of the previous year[8] Expenses - Total operating costs for Q1 2022 were ¥592,874,046.03, up 11.8% from ¥530,169,776.16 in Q1 2021[31] - Research and development expenses for Q1 2022 were ¥16,075,755.55, a decrease of 29.4% from ¥22,780,158.90 in Q1 2021[31] - Sales expenses for Q1 2022 were ¥51,689,020.73, slightly up from ¥50,970,428.99 in Q1 2021[31] - Management expenses increased to ¥41,823,626.19 in Q1 2022 from ¥35,108,648.31 in Q1 2021, marking a rise of 19.2%[31] - The company reported a financial expense of -¥9,229,839.56 in Q1 2022, compared to -¥1,478,681.59 in Q1 2021[31] Profitability Ratios - The basic earnings per share decreased by 54.08% to ¥0.12, attributed to the decline in net profit and an increase in share capital[14] - The weighted average return on equity was 1.64%, a decrease of 3.26 percentage points year-on-year[5] Market Conditions - The decrease in net profit was primarily due to rising international raw material oil prices and a decline in product sales affected by the pandemic[12] - Non-recurring gains and losses for the period amounted to ¥620,327.48 after tax adjustments[12]

Financial Performance - The company achieved a consolidated net profit attributable to the parent company of RMB 368,404,867.86 in 2021[5]. - The company's operating revenue for 2021 was CNY 2,872,992,405.49, representing a year-on-year increase of 23.71% compared to CNY 2,322,400,921.55 in 2020[22]. - The net profit attributable to shareholders of the listed company in 2021 was CNY 368,404,867.86, an increase of 13.27% from CNY 325,248,460.31 in 2020[22]. - Operating profit for the company was 460.39 million RMB, an increase of 13.21% compared to the previous year[32]. - The total assets at the end of 2021 were CNY 4,120,479,532.54, a 42.44% increase from CNY 2,892,712,155.04 at the end of 2020[22]. - The net assets attributable to shareholders increased by 64.52% to CNY 3,198,592,393.23 at the end of 2021, compared to CNY 1,944,198,957.70 at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.92, a 2.22% increase from CNY 0.90 in 2020[23]. - The weighted average return on equity for 2021 was 13.80%, a decrease of 3.34 percentage points from 17.14% in 2020[23]. Dividends and Profit Distribution - The total distributable profit for the parent company after accounting for legal surplus reserves and previous undistributed profits is RMB 549,562,986.49[5]. - A cash dividend of RMB 3.3 per 10 shares (including tax) is proposed, amounting to a total of RMB 141,125,955.96 to be distributed to shareholders[5]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends if conditions are met[135]. Audit and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[4]. - The board of directors and senior management have ensured the authenticity, accuracy, and completeness of the annual report[3]. - The company has established a comprehensive set of internal regulations to ensure compliance with laws and protect shareholder rights[101]. - The company received a standard unqualified opinion from KPMG on the effectiveness of its internal control over financial reporting for the year 2021[141]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[22]. - The company established a wholly-owned subsidiary in Singapore to expand into Southeast Asian markets, targeting countries such as Thailand, Myanmar, Indonesia, Vietnam, and Malaysia[34]. - The company plans to enhance its brand visibility through e-commerce platforms like Tmall, targeting home baking opportunities[95]. - The company aims to expand its customer base in the catering and tea beverage industries, responding to the evolving consumer environment and market trends[92]. Product Development and Innovation - The company launched a "Han Cake" cultural revival initiative, introducing specialized oil for Han Cake production[32]. - The company introduced high-end imported dairy products, including Fonterra butter and Kerry Group cheese, to meet the rising consumer demand for quality and safety[34]. - The company launched various new-style delicious pastries and high-quality product proposals, receiving positive feedback from multiple clients[34]. - The company plans to introduce new products in 2022, including South Qiao sweet oil and liquid oil, to meet the evolving market demands in the baking sector[93]. Risks and Challenges - The company has outlined potential risks in the management discussion and analysis section of the report[7]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements in the report[6]. - The ongoing COVID-19 pandemic poses risks to product demand, raw material supply, production, and receivables due to potential strict control measures in certain regions[98]. - The company is exposed to exchange rate risks, particularly with imports priced in USD and EUR; depreciation of the RMB could adversely affect procurement costs[98]. Corporate Governance - The governance structure includes a board of 6 members, with 2 independent directors, ensuring a clear division of powers and responsibilities[101]. - The company has held multiple shareholder meetings in 2021, with resolutions published on the designated website[104]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to CNY 18.95 million[116]. Research and Development - The company has 11 R&D projects that have entered mass production and 19 projects in various experimental stages, focusing on baking oils, cream, fillings, and frozen dough[42]. - The number of R&D personnel is 126, representing 8.9% of the total workforce[71]. - The company is investing in new technology development, allocating 50 million for R&D initiatives[108]. Environmental and Social Responsibility - The company achieved a 100% compliance rate in environmental monitoring across its facilities in Shanghai, Tianjin, and Guangzhou in 2021[144]. - The company implemented measures to reduce carbon emissions, including replacing old equipment, resulting in a reduction of 160.84 tons of CO2 per year[144]. - The company raised a total of 1.04 million RMB for flood relief efforts in Henan province following the July 2021 floods[147]. Related Party Transactions - The company reported a total of 36,048.81 million in non-operating fund transactions with related parties during the reporting period[175]. - The cumulative amount of non-operating fund transactions for the year reached 36,791.34 million[175]. - The company will ensure compliance with relevant laws and regulations during any share reduction activities[153]. Employee Management and Development - The total number of employees in the parent company is 413, while the main subsidiaries have 995 employees, totaling 1,408 employees[129]. - The company has implemented a training plan that ensures 100% completion of training programs based on core competencies in management and professional fields[133]. - The company has a structured incentive plan that includes short, medium, and long-term incentives to align employee performance with corporate goals[132].

Financial Performance - The company achieved a consolidated net profit attributable to the parent company of CNY 368,404,867.86 in 2021, with a base for distribution of CNY 212,510,072.11[5] - The company's operating revenue for 2021 was CNY 2,872,992,405.49, representing a year-on-year increase of 23.71% compared to CNY 2,322,400,921.55 in 2020[22] - The net profit attributable to shareholders of the listed company in 2021 was CNY 368,404,867.86, an increase of 13.27% from CNY 325,248,460.31 in 2020[22] - The net cash flow from operating activities decreased by 57.75% to CNY 212,908,814.36 in 2021, primarily due to increased cash payments for goods and services[23] - The total assets increased by 42.44% to CNY 4,120,479,532.54 at the end of 2021, mainly due to the increase in bank deposits from the proceeds of the initial public offering[23] - The net assets attributable to shareholders rose by 64.52% to CNY 3,198,592,393.23 at the end of 2021, driven by capital increases from fundraising and profit growth[23] - The basic earnings per share for 2021 was CNY 0.92, a 2.22% increase from CNY 0.90 in 2020[23] - The overall gross profit margin decreased by 7.68%, with the gross profit margin for baking oils dropping by 9.47 percentage points[58] Dividend and Profit Distribution - The proposed cash dividend is CNY 3.3 per 10 shares, totaling CNY 141,125,955.96 to be distributed to shareholders[5] - The company will not increase capital reserves or issue bonus shares for the year 2021[5] - The total distributable profit for the parent company after accounting for legal reserves and previous undistributed profits is CNY 549,562,986.49[5] Audit and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[4] - The board of directors and senior management have guaranteed the authenticity and completeness of the annual report[3] - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7] - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors[6] Market Expansion and Product Development - The company plans to continue expanding its market presence and invest in new product development to drive future growth[22] - The company established a wholly-owned subsidiary, Namchow Trading Singapore Pte. Ltd., to expand its presence in Southeast Asia, targeting markets such as Singapore, Thailand, Myanmar, Indonesia, Vietnam, and Malaysia[34] - The company launched a "Han Cake" initiative, promoting traditional Chinese pastry culture with specialized products[32] - The company introduced high-end imported dairy products, including Fonterra butter and Cargill butter, to meet the rising consumer demand for quality and safety, receiving positive market feedback[34] Customer Engagement and Service Improvement - A dedicated team was established to enhance customer service across various channels, including convenience stores and supermarkets[32] - The company upgraded its customer service centers, optimizing from 25 to 18 centers, aiming to provide more tailored services based on regional consumer purchasing power and urbanization[34] - The company aims to provide customized services and technical training to clients, enhancing their competitive advantage in the baking industry[41] Research and Development - The company has established 11 R&D projects that have entered mass production and 19 projects at various experimental stages, focusing on baking oils, cream, fillings, and frozen dough[42] - The company has strengthened its R&D capabilities and personalized product development to cater to regional market demands[46] - The company is actively responding to new food safety regulations, ensuring compliance and adapting to the evolving industry landscape[36] Risk Management - The company has outlined potential risks in the management discussion and analysis section of the report[7] - The company is exposed to exchange rate risks due to imports primarily denominated in USD and EUR, which could impact procurement costs if the RMB depreciates[98] - The ongoing COVID-19 pandemic may lead to strict control measures in certain regions, affecting product demand, raw material supply, and cash flow recovery[98] Governance and Shareholder Relations - The governance structure includes a board of 6 members, with 2 independent directors, ensuring compliance with legal and regulatory frameworks[101] - The company has established measures to avoid competition with its controlling shareholders, including commitments not to engage in competing businesses outside Taiwan[102] - The company has conducted multiple shareholder meetings in 2021, with resolutions published on the designated website[104] Environmental and Social Responsibility - The company achieved a 100% compliance rate in environmental monitoring across its facilities in Shanghai, Tianjin, and Guangzhou in 2021[144] - The company implemented measures to reduce carbon emissions, including replacing old equipment, resulting in a reduction of 160.84 tons of CO2 per year[144] - The company raised a total of 1.04 million RMB for flood relief efforts in Henan province following the July 2021 floods[147] Financial Management and Capital Structure - The company reported a significant increase in financing cash flow, which rose by 499.56% to CNY 762,343,699.94, compared to a negative cash flow of CNY 190,795,460.36 last year[52] - The company has made a total equity investment of CNY 1.225 billion by the end of 2021, reflecting an increase of CNY 1.5511 million compared to the previous year[85] - The company’s stock was listed on the Shanghai Stock Exchange on May 18, 2021[198] Employee and Management Compensation - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 18.95 million yuan[116] - The company has established a comprehensive compensation and benefits system aligned with its business philosophy, ensuring competitive salaries and various incentive plans[132] - A total of 265,000 restricted stocks were granted to senior management during the reporting period, with a grant price of 16.425 yuan per share[139]

Financial Performance - The company's operating revenue for Q3 2021 was ¥693,299,009.14, representing a year-on-year increase of 10.14%[5] - The net profit attributable to shareholders for Q3 2021 was ¥78,393,617.10, a decrease of 9.54% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,348,183.92, down 15.99% year-on-year[8] - Total operating revenue for the first three quarters of 2021 reached RMB 2,055,470,173.06, an increase of 27.5% compared to RMB 1,612,079,751.62 in the same period of 2020[30] - The company reported a net profit of RMB 330,370,710.45 for the first three quarters, compared to RMB 258,966,368.16 in the previous year, an increase of 27.6%[30] - The company's net profit for the period reached CNY 274,272,237.93, an increase of 32.7% compared to CNY 206,677,972.13 in the previous year[32] - Operating profit amounted to CNY 339,042,065.00, up from CNY 264,736,866.00, reflecting a growth of 28.1%[32] - The total profit for the period was CNY 343,745,687.02, compared to CNY 265,514,102.99, marking an increase of 29.4%[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,159,947,288.29, an increase of 43.81% compared to the end of the previous year[8] - The total assets of the company reached RMB 4,159,947,288.29, compared to RMB 2,892,712,155.04 in the previous year, indicating a growth of 43.9%[29] - The total liabilities increased to RMB 1,058,414,397.44 from RMB 946,611,126.83, marking a rise of 11.8%[27] - The total non-current assets were reported at RMB 1,205,644,725.20, showing an increase of RMB 78,894,498.51 from the last period[45] - Current liabilities totaled RMB 933,539,328.38, indicating a decrease of RMB 8,160,587.79 from the last report[48] Equity - The equity attributable to shareholders at the end of the reporting period was ¥3,099,116,973.03, up 59.40% year-on-year[8] - The company's equity attributable to shareholders was RMB 3,099,116,973.03, up from RMB 1,944,198,957.70, reflecting a growth of 59.2%[29] - The total equity attributable to shareholders was RMB 1,944,198,957.70, remaining stable with no changes reported[51] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥150,774,525.86, down 49.52% year-on-year[8] - The company reported a net cash inflow from operating activities of CNY 150,774,525.86, down from CNY 298,660,434.64, representing a decrease of 49.5%[39] - Cash and cash equivalents at the end of the period totaled CNY 2,151,325,508.41, compared to CNY 1,017,712,110.50 at the end of the previous year, showing an increase of 111.1%[42] - The company's cash and cash equivalents amounted to RMB 2,175,502,806.67 as of September 30, 2021, compared to RMB 1,078,667,113.61 a year earlier, reflecting a growth of 102.5%[21] - The company generated CNY 1,270,840,408.41 in cash inflows from financing activities, significantly higher than CNY 411,624,952.53 in the previous year[42] Operational Metrics - The basic earnings per share for Q3 2021 was ¥0.20, a decrease of 16.85% compared to the same period last year[8] - The basic and diluted earnings per share were both CNY 0.70, up from CNY 0.57, reflecting a growth of 22.8%[35] - Research and development expenses for the first three quarters were RMB 49,037,610.46, slightly down from RMB 49,265,296.87 in the same period last year[30] - The company received government subsidies amounting to ¥9,676,836.54 during the reporting period[9] - The increase in total assets and equity was primarily due to the receipt of funds from the initial public offering[12] - The company reported a significant increase in sales volume and prices compared to the previous year, contributing to the growth in operating revenue[12] Inventory and Receivables - Accounts receivable increased to RMB 180,251,913.03 from RMB 156,253,036.18, representing a rise of 15.4% year-over-year[21] - Inventory levels rose to RMB 454,135,929.40, up 29.4% from RMB 350,952,403.57 in the previous year[24]

Financial Performance - The company's operating revenue for the first half of the year reached ¥1,362,171,163.92, representing a 38.62% increase compared to the same period last year[21]. - Net profit attributable to shareholders was ¥195,364,773.52, marking a 63.00% increase year-over-year[21]. - The net profit after deducting non-recurring gains and losses was ¥190,711,298.48, up 64.58% from the previous year[21]. - The weighted average return on equity increased by 2.32 percentage points to 8.85%[21]. - Total assets at the end of the reporting period were ¥4,059,898,217.88, a 40.35% increase from the end of the previous year[21]. - The total net assets attributable to shareholders increased by 61.04% to ¥3,130,841,003.05[21]. - The basic earnings per share increased by 57.58% to ¥0.52[21]. - The company achieved operating revenue of RMB 1,362,171,163.92, a year-on-year increase of 38.62%[33]. - Net profit attributable to shareholders reached RMB 195,364,800, representing a growth of 63.00% compared to the same period last year[33]. Dividend and Capital Structure - As of June 30, 2021, the company's distributable profit amounted to RMB 516,415,206.81, with a proposed cash dividend of RMB 2.6 per 10 shares, totaling RMB 110,117,647.12 for all shareholders[6]. - The company will not conduct a capital reserve transfer to increase share capital or issue bonus shares for the mid-2021 period[6]. - The total share capital as of August 12, 2021, is 423,529,412 shares, which will be the basis for the dividend distribution[6]. - Cash and cash equivalents increased by 99.79% to RMB 2,155,111,974.51, mainly due to funds raised from the initial public offering[36]. - The total paid-in capital increased to RMB 423,529,412.00 from RMB 360,000,000.00, indicating a capital injection[120]. Market Expansion and Product Development - The company has developed and launched a series of baking oils and dairy products to meet diverse customer needs, enhancing its market position[24]. - The company is focusing on expanding its product lines, including frozen dough and imported dairy products, to cater to the growing market demand[24]. - The company is expanding its presence in the baking market, particularly in third to fifth-tier cities, to drive local market growth[31]. - The company is actively developing non-traditional baking markets, focusing on convenience stores and the tea and dining sectors in first and second-tier cities[31]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on expanding the product line in the health food sector[59]. - The company is considering strategic acquisitions to enhance its market position, with potential targets identified in the organic food sector[59]. Research and Development - Research and development expenses increased by 54.69% to RMB 37,032,755.01, reflecting a commitment to new product development[33]. - The company has developed a range of new products, including various flavored Danish oils and high-moisture emulsified oils, which have received positive customer feedback[29]. - The company is investing in new technology development, allocating 100 million RMB towards R&D to enhance product quality and innovation[59]. - The company’s research and development expenses were CNY 47,863,357.99, up from CNY 39,017,265.28 in the previous year, indicating a focus on innovation[107]. Cash Flow and Financial Position - The company reported a net cash flow from operating activities of ¥110,114,116.26, a slight decrease of 2.56% compared to the previous year[21]. - Cash inflow from operating activities totaled ¥1,705,983,858.78, compared to ¥1,134,758,541.88 in the first half of 2020, indicating a significant increase of about 50.2%[109]. - The ending balance of cash and cash equivalents was ¥2,136,334,259.46, up from ¥952,205,520.11 at the end of the previous year, indicating a growth of approximately 124.0%[111]. - The company reported a net cash increase of ¥1,066,268,638.46 for the period, compared to an increase of ¥139,743,639.46 in the first half of 2020[111]. Risks and Compliance - The company faces risks including intense industry competition, raw material price fluctuations, and potential food safety issues[39][40]. - The company has established a comprehensive confidentiality system to protect its core technologies, which are crucial for maintaining competitive advantages[40]. - The company is exposed to exchange rate risks due to its reliance on USD and EUR for importing raw materials[42]. - The company has not faced any administrative penalties for environmental violations during the reporting period[49]. Shareholder Commitments and Governance - The actual controllers and shareholders have committed to not transferring or entrusting the management of their shares for 36 months post-IPO, with a minimum selling price not lower than the issue price after the lock-up period[51]. - Shareholders are restricted to transferring no more than 25% of their shares annually during their tenure as directors or senior management, and for six months post-termination[52]. - The controlling shareholder has committed to comply with regulations regarding the reduction of shares held, ensuring that any reduction does not exceed the previous year's holdings and is conducted through regulated trading systems[52]. - The company commits to avoiding related party transactions with its subsidiaries, ensuring fair pricing based on market standards[55]. - The company guarantees that any unavoidable related party transactions will adhere to market principles and fair pricing, with a focus on protecting shareholder interests[55]. Financial Reporting and Compliance - The financial statements for the period ending June 30, 2021, include comparative figures from the same period in 2020[130]. - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[133]. - The company’s accounting policies include provisions for bad debts, inventory measurement, depreciation of fixed assets, and revenue recognition[132]. - The company’s financial instruments include cash, bond investments, receivables, payables, and equity[147].