证券代码：000639 证券简称：西王食品 公告编号：2023-029 西王食品股份有限公司 关于董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 西王食品股份有限公司（以下简称"公司"）董事会于 2023 年 8 月 18 日收 到公司董事周志峰先生提交的辞职报告。由于个人原因，周志峰先生提请辞去公 司第十四届董事会董事职务，辞职后，不再担任公司其他任何职务。 根据《中华人民共和国公司法》、《公司章程》等规定，周志峰先生的辞职未 导致公司董事会成员低于法定的最低人数要求，不会影响公司董事会的正常运作， 辞职报告自送达董事会时生效。公司将根据《公司法》、《公司章程》的规定，尽 快增补新的董事，以达到《公司章程》规定的董事会组成人数。 截至本公告披露日，周志峰先生未持有公司股份，不存在应当履行而未履行 的承诺事项。公司及董事会对周志峰先生在任职期间为公司所做的贡献表示衷心 感谢！ 特此公告。 西王食品股份有限公司董事会 2023 年 8 月 21 日 ...

Financial Performance - Revenue for 2022 decreased by 4.47% to 6,070,815,722.31 yuan compared to 2021[29] - Net profit attributable to shareholders in 2022 was -618,688,570.23 yuan, a decrease of 437.06% from 2021[29] - Operating cash flow for 2022 was 58,777,725.82 yuan, a significant improvement of 133.31% from 2021[29] - Basic earnings per share in 2022 were -0.5700 yuan, a decrease of 435.29% from 2021[29] - Total assets at the end of 2022 were 7,075,773,312.20 yuan, a decrease of 8.27% from 2021[29] - Net profit attributable to shareholders in Q4 2022 was -554,661,884.40 yuan, the largest quarterly loss[34] - Operating cash flow in Q2 2022 was 52,331,773.86 yuan, the highest quarterly cash flow[34] - The company's weighted average return on equity in 2022 was -17.42%, a decrease of 22.36 percentage points from 2021[29] - The company's net profit after deducting non-recurring gains and losses in 2022 was -616,840,632.60 yuan, a decrease of 488.00% from 2021[29] - The company's total equity attributable to shareholders at the end of 2022 was 3,323,989,692.72 yuan, a decrease of 12.03% from 2021[29] - Non-current asset disposal losses amounted to -107,636.33 in 2022, compared to 21,597.70 in 2021 and -6,466,945.83 in 2020[36] - Government subsidies recognized in current profits were 1,293,621.80 in 2022, up from 537,508.10 in 2021 and 6,708,638.90 in 2020[36] - Other non-operating income and expenses totaled 2,744,378.68 in 2022, compared to 1,888,543.00 in 2021 and -3,066,630.46 in 2020[37] - The company's total revenue in 2022 was 6,070,815,722.31 yuan, a decrease of 4.47% compared to 2021[100] - Revenue from vegetable oil products decreased by 9.56% to 2,853,068,561.28 yuan in 2022, accounting for 47.00% of total revenue[100] - Revenue from nutritional supplements increased by 2.64% to 2,540,498,937.11 yuan in 2022, accounting for 41.85% of total revenue[100] - Revenue from the Chinese market decreased by 7.73% to 3,967,090,568.43 yuan in 2022, accounting for 65.35% of total revenue[100] - Revenue from overseas markets increased by 2.37% to 2,103,725,153.88 yuan in 2022, accounting for 34.65% of total revenue[100] - The gross profit margin for nutritional supplements decreased by 11.54% to 25.84% in 2022[102] - The gross profit margin for the Chinese market decreased by 10.78% to 9.01% in 2022[102] - The gross profit margin for the overseas market decreased by 1.42% to 27.26% in 2022[102] - The gross profit margin for direct sales decreased by 5.34% to 26.55% in 2022[102] - Vegetable oil sales volume decreased by 25.65% to 192,937 units in 2022 compared to 259,499 units in 2021, primarily due to high costs and price inversion of first-grade finished oil, leading the company to adjust its business pace and control product shipments[103] - Nutritional supplement sales volume increased by 5.37% to 31,241,104 units in 2022 from 29,650,138 units in 2021[103] - The company's raw material costs for food processing increased by 0.52% to 52.23% of total operating costs in 2022, amounting to 2,684,745,439.17 yuan[105] - The company's financial expenses surged by 64.58% to 76,735,574.97 yuan in 2022, mainly due to increased interest rates on syndicated loans and exchange losses influenced by U.S. interest rate hikes[112] - Sales expenses decreased by 9.79% to 702,056,149.00 yuan in 2022 compared to 778,242,887.16 yuan in 2021[112] - Research and development expenses decreased by 9.65% to 95,196,511.99 yuan in 2022 from 105,359,652.03 yuan in 2021[113] - The company's procurement costs for plant-based edible oils increased by 2.00% to 40.98% of total operating costs in 2022, amounting to 2,106,456,727.18 yuan[107] - R&D investment in 2022 decreased by 9.65% to 95,196,511.99 yuan compared to 2021, accounting for 1.57% of revenue[115] - The number of R&D personnel decreased by 4.90% to 136 in 2022, with a reduction in the proportion of R&D personnel from 7.56% to 7.35%[114] - The proportion of R&D personnel with a master's degree decreased significantly by 65.22% in 2022[115] - R&D capitalisation increased by 100% to 8,505,980.28 yuan in 2022, accounting for 8.20% of total R&D investment[115] - Net cash flow from operating activities increased by 133.31% to 58,777,725.82 yuan in 2022[117] - Net cash flow from investing activities decreased by 88.65% to 49,004,190.49 yuan in 2022[117] - Net cash flow from financing activities increased by 67.27% to -83,264,682.67 yuan in 2022[118] - The net increase in cash and cash equivalents was 30,659,117.38 yuan in 2022, a significant increase of 2,148.60% compared to 2021[118] - Inventory increased by 1.45% to 1,000,489,061.63 yuan in 2022, accounting for 14.14% of total assets[121] - Long-term loans increased by 2.57% to 758,825,931.83 yuan in 2022, accounting for 10.72% of total assets[121] - Financial assets at the end of the period totaled 127,372,914.26, with a decrease of 626,298.57 in fair value changes and an increase of 6,729,882.71 in cumulative fair value changes included in equity[123] - Restricted assets at the end of the period amounted to 4,269,634,150.57, including 1,217,592,521.22 in monetary funds and 2,553,389,722.41 in intangible assets[124] - The 600,000-ton corn oil expansion project invested 7,045,756.90, with actual investment of 182,563,837.51, but did not meet the expected progress due to economic environment impacts[126] - Shandong Xiwang Food Co., Ltd. reported a revenue of 2,955,534,506.57, a decrease of 9%, and a net profit of -76,948,637.50, a decrease of 348% due to rising raw material costs[132] - Zouping Xiwang Corn Oil Co., Ltd. reported a revenue of 2,414,629,945.13, an increase of 4%, and a net profit of -30,423,260.62, a decrease of 280% due to rising raw material costs[132] - Xiwang Qingdao reported a revenue of 2,306,571,850.89, a decrease of 2%, and a net profit of -624,406,320.12, a decrease of 651% due to impairment of goodwill and intangible assets[132] - The company's revenue for the fiscal year 2022 reached 1.764 billion yuan[160] Market and Industry Trends - The domestic edible oil retail market size is approximately 300 billion yuan, with a promising outlook for high-end oil varieties[42] - Corn oil contains 80%-85% unsaturated fatty acids and 50% linoleic acid, with a human absorption rate of over 97%[43] - 22% of consumers prioritize brand reputation when purchasing edible oil, and 68% are willing to pay higher prices for nutritious and healthy food[44] - The global sports nutrition market is projected to reach $64.8 billion by 2025, with a CAGR of 8.9% from 2023 to 2027[48] - China's sports nutrition market is expected to reach $859 million by 2023, driven by consumption upgrades and government policies[50] - By 2025, China aims to increase the proportion of regular exercisers to 38.5% of the total population, with a total sports industry scale of 5 trillion yuan[50] - The demand for weight management products is expected to grow at an annual rate of 10%-20% due to increasing health awareness and the pursuit of scientific weight loss methods[53] Product and Business Development - The company's packaged oil sales reached nearly 180,000 tons, with a focus on product upgrades and new marketing strategies, including the launch of a TikTok live streaming room[62] - The company achieved significant cost savings of over 7 million yuan through energy conservation and consumption reduction efforts[63] - The company's corn oil business continues to grow, with increasing consumer recognition of its health benefits, such as improving cardiovascular health and reducing cholesterol[55] - The company's sports nutrition business is expanding, with products like protein bars, RTDs, and gummies gaining popularity among consumers[55] - The company's Iovate subsidiary is a global leader in sports nutrition and weight management, with products sold in over 140 countries and regions[59] - The company's daily traffic on new media platforms like TikTok and WeChat Video reached over 10,000, with monthly traffic exceeding 500,000[62] - The company implemented over 90 technological innovations and cost-saving measures, including reducing label adhesive usage by more than half[63] - The company's procurement strategy was optimized, with direct purchases from platforms like JD.com and Tmall, reducing procurement costs[61] - The company's sports nutrition brand, MuscleTech, has been the top-selling sports nutrition product in China for seven consecutive years[59] - The company achieved a 100% pass rate in 204 random inspections of its edible oil products by national and provincial market supervision departments[64] - The company applied for 6 patents (1 invention, 5 utility models) and was granted 4 patents in 2022[64] - The company launched 96 SKU adjustments and new products for MuscleTech, including 59 SKU packaging changes and new products like 35g Platinum Crisp Protein Bars and 100g/400g Creatine products[70] - The company introduced 5 new fitness accessory products (5 SKUs) and 4 new weight management products (5 SKUs), primarily in different specifications and packaging forms of L-Carnitine liquid[70] - The company launched 7 new basic nutrition products (8 SKUs), including electrolyte powder, collagen calcium tablets, and plant sterol tablets[70] - The company's edible oil products, "Xiwang Corn Germ Oil Fresh Embryo" and "Xiwang Small Pressed Selected Rapeseed Oil," won gold medals at the 2022 Monde Selection[65][78] - The company's MuscleTech brand has been the top-selling domestic sports nutrition product for seven consecutive years[79] - The company's Iovate subsidiary has a global sales network, with products sold in over 140 countries and regions[74] - The company's high-end kitchen division set a new historical record for order volume during the 2022 Mid-Autumn Festival ordering meeting[78] - The company's MuscleTech brand collaborated with the Gundam IP to launch co-branded products, including 5lbs protein powder and 7lbs muscle gain powder[71] - Xiwang Corn Germ Oil's Double 11 sales increased by 27% year-over-year, achieving significant brand exposure with over 10 billion impressions[80] - Xiwang's daily traffic on new media platforms (Douyin, Xiaohongshu, WeChat Video) reached 10,000+, with monthly traffic exceeding 500,000[81] - MuscleTech's global brand exposure reached 890 million impressions in 2022, with a 151% increase in Platinum series exposure[82] - MuscleTech's Douyin campaigns achieved 375 million impressions, driving sales of 36 million RMB through influencer collaborations[83] - MuscleTech launched 96 SKUs, including 59 BTO product packaging updates and new products like the 35g Platinum Crisp Protein Bar[84] - Xiwang's corn oil production benefits from a complete supply chain, with Xiwang Sugar processing 3 million tons of corn annually[85] - Xiwang's enzyme degumming technology increased corn oil yield by 1.5%, generating over 10 million RMB in additional annual revenue[87] - Xiwang's corn oil brand recognition reached 60%, with a market share exceeding 30% in the niche corn oil category[88] - The company's corn germ oil production capacity is 500,000 tons, refined corn oil capacity is 300,000 tons, and small-packaged corn oil capacity is 300,000 tons, making it one of the largest corn oil processing enterprises in China[91] - The company aims to become a leader in China's healthy food industry, focusing on high-end edible oils and expanding into the health food sector through acquisitions like Iovate[133] - In 2023, the company will focus on cost reduction, efficiency improvement, and optimizing product structure to ensure stable profitability and business growth[135] - The company is optimizing its product structure by launching high-oleic rapeseed oil and multi-oleic black peanut oil, while upgrading the design of existing peanut oil and soybean oil cold-pressed products[136] - The company is strengthening its supply chain management by tracking product supply chains, controlling international transportation costs, and improving replenishment and customer service processes[138] - The company has completed the development of new products, including MuscleTech Pro, high-performance series protein powder, and muscle-building powder, as well as six-star portable L-carnitine, 100,000 L-carnitine, dietary fiber, and probiotics[138] - The company is focusing on international market strategies, building brand differentiation, and targeting strategic growth markets to maintain high-growth sectors[138] - The company is enhancing its channel structure by adding high-quality customers and outlets, deepening incremental opportunities, and improving direct sales channel capabilities[137] Risk Management - The company faces risks from fluctuations in raw material prices due to global economic fragility and geopolitical tensions, particularly affecting oilseed crops[5] - The company is exposed to exchange rate risks due to the ongoing US-China trade friction and complex international political and economic environment[8] - The company is addressing risks related to raw material price fluctuations, particularly due to global supply shortages and geopolitical tensions affecting key oilseed exports[139] - The company has established a strict ISO9001:2008 quality management system to ensure food safety across all stages from procurement to sales[140] - The company is managing exchange rate risks by incorporating flexibility in sales pricing and utilizing financial tools to control currency fluctuations[141] Corporate Governance - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserve into share capital[9] - The company's registered address was changed from "Hunan Province" to "Shandong Province" in 2011 and further updated in 2019[24] - The company held 3 shareholder meetings in 2022, all conducted in a hybrid format to ensure the rights of minority investors[146] - The company held 5 board meetings and 5 supervisory board meetings in 2022, with all members fulfilling their duties diligently and independently[147] - The company maintains independence in assets, personnel, finance, organization, and business operations, ensuring no interference from controlling shareholders[151] - The company has an independent and complete asset system, with clear ownership and control over its assets, including procurement, logistics, and information systems[152] - The company has an independent personnel management system, with no overlap in salary payments or benefits between the company and its controlling shareholders[153] - The company has established an independent financial system, including a dedicated finance department, separate bank accounts, and independent tax filing[154] - The company operates independently in its business activities, with no interference from controlling shareholders, ensuring full autonomy in decision-making and risk management[155] - The company has an independent organizational structure, with no overlap or interference from controlling shareholders in its functional departments[156] - The 2022 annual general meeting had a 54.81% investor participation rate, held on May 20, 2022[157] - The 2022 first extraordinary general meeting had a 52.28% investor participation rate, held on February 14, 2022[157] - The 2022 second extraordinary general meeting had a 52.13% investor participation rate, held on September 13, 2022[157] - The company's board of directors and senior management, including the chairman and CEO, hold no shares in the company, with no changes in shareholding during the reporting period[159] - The company elected Zhou Zhifeng as a new director on September 13, 2022, replacing Wang Hongyu who resigned due to personal reasons[160][162] - Liu Lin was elected as the new employee representative supervisor on April 28, 2022, replacing Zhang Ting who resigned due to work adjustment[161][162] - Wang Haizhi was elected as a new director on May 20, 2022[162] - The company's chairman, Wang Hui, has a strong educational background with a postgraduate degree from Shandong University and further studies at Tsinghua University[162] - Sun Xinhu, the vice chairman, has extensive experience in the food industry and has been with the company since 2003[163] - Zhou Yong, the general manager, holds a Master's degree in Business Administration from Capital University of Economics and Business[164] - Du

Financial Performance - The company's revenue for Q1 2023 was CNY 1,420,517,909.35, representing a 6.33% increase compared to CNY 1,336,013,497.61 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 42,239,925.91, a decline of 105.94% from a loss of CNY 20,510,455.39 in the previous year[5] - The net profit for Q1 2023 was a loss of CNY 48,559,269, compared to a loss of CNY 23,410,659 in Q1 2022, indicating an increase in losses of approximately 106%[19] - The operating profit for Q1 2023 was a loss of CNY 61,697,615, worsening from a loss of CNY 29,044,040 in the previous year, representing a decline of about 112%[19] - The total comprehensive loss for Q1 2023 was CNY 76,786,375, compared to a loss of CNY 34,479,959 in Q1 2022, indicating an increase in comprehensive losses of about 122%[20] - The basic and diluted earnings per share for Q1 2023 were both CNY -0.04, compared to CNY -0.02 in the same period last year[20] Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 21,189,418.56, compared to a negative cash flow of CNY 17,215,188.09 in the same period last year, marking a 223.09% increase[5] - The cash flow from operating activities for Q1 2023 was CNY 21,189,419, a significant improvement from a negative cash flow of CNY 17,215,188 in the same quarter last year[23] - The cash outflow from investing activities was CNY 152,581,463, compared to CNY 99,820,814 in the previous year, indicating a rise in investment expenditures[23] - The net cash flow from financing activities was -17,232,936.27, compared to 60,040,150.36 in the previous period[24] - The impact of exchange rate changes on cash and cash equivalents was -183,869.59, a decrease from -41,999.70[24] - The net increase in cash and cash equivalents was -148,433,928.83, compared to -56,371,010.99 in the previous period[24] - The beginning balance of cash and cash equivalents was 314,307,633.63, while the ending balance was 165,873,704.80[24] - The company reported an ending cash and cash equivalents balance decrease of 47.3% compared to the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,027,462,320.73, a decrease of 0.68% from CNY 7,075,773,312.20 at the end of the previous year[5] - The company's cash and cash equivalents stood at RMB 1,542,345,031.58, slightly up from RMB 1,531,900,154.85 in the previous quarter[13] - Total liabilities increased to RMB 3,186,714,875.87 from RMB 3,158,239,491.84, an increase of 0.9%[15] - The equity attributable to shareholders decreased by 1.95% to CNY 3,259,168,081.69 from CNY 3,323,989,692.72 at the end of the previous year[5] - The company's equity attributable to shareholders decreased to RMB 3,259,168,081.69 from RMB 3,323,989,692.72, a decline of 1.9%[15] - Short-term borrowings rose to RMB 1,162,046,837.22 from RMB 1,138,674,837.22, an increase of 2.0%[14] - Accounts payable increased to RMB 432,125,863.20 from RMB 362,378,373.52, reflecting a growth of 19.2%[14] - Deferred income tax assets increased to RMB 166,781,040.32 from RMB 153,894,768.94, a rise of 8.4%[14] Expenses - Total operating costs amounted to RMB 1,481,716,119.19, up 8.5% from RMB 1,365,159,066.68 year-over-year[17] - Research and development expenses increased by 58% to CNY 15,563,577.44, driven by new product development efforts[7] - Research and development expenses increased to CNY 15,563,577, up from CNY 9,852,199, marking a rise of approximately 58% year-over-year[21] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 32,455,621 from CNY 19,498,974, an increase of approximately 66%[21] - The company’s financial expenses surged by 176% to CNY 24,139,222.13, attributed to increased syndicate loan interest rates[7] - The total operating expenses for Q1 2023 were CNY 191,595,273 for sales expenses and CNY 57,613,296 for management expenses, reflecting a total increase in operating costs[21] Government Support - The company received government subsidies amounting to CNY 244,890.57, contributing to a 261% increase in other income to CNY 244,890.57[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,402[9] Audit Status - The first quarter report is unaudited[25]

证券代码：000639 证券简称：西王食品 编号：2015-02 □特定对象调研 □分析师会议 投 资 者 关 系 □媒体采访 □业绩说明会 活动类别 □新闻发布会 □路演活动 √现场参观 □其他 （电话会议 ） 参 与 单 位 名 国泰君安 闫伟；兴聚投资 艾菁；安信基金 吴廷华；高毅资产管理合伙企 业 程卉超；阳光资产管理股份有限公司 王建东； 称 及 人 员 姓 名 西王食品股份有限公司投资者关系活动记录表 | --- | --- | |----------------|------------------------------------------------------------------------------| | 时间 | 2015-09-1 下午 | | 地点 | 董秘办公室 | | 上 市 公 司 接 | 董秘马立东； | | 待人员姓名 | | | 投 资 者 关 系 | 主要问题及回复： | | 活 动 主 要 内 | Q ：公司与金龙鱼、福临门等品牌的差异？ | | 容介绍 | A ：公司主要从事于玉米油、葵花油、橄榄油等健康小油种销售，第一步的战略目标就 | | | 是要打 ...

编号：2015-01 证券代码：000639 证券简称：西王食品 西王食品股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------|--------------------------------------------------------------------------------| | 投 资 者 关 系 | √ 特定对象调研 | □ 分析师会议 | | 活动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参 与 单 位 名 | 个人投资者王双吉、程培亮、王绍吉 | | | 称 及 人 员 姓 | | | | 名 | | | | 时间 | 2015-1-8 | | | | | | | 地点 | 董秘办公室 | | | 上 市 公 司 接 | 董秘马立东； | | | 待人员姓名 | | | | 投 资 者 关 系 | 问题：请介绍公司的产能情况？ ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥2.92 billion, a decrease of 4.23% compared to ¥3.05 billion in the same period last year[23]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥14.74 million, a decline of 111.25% from a profit of ¥131.03 million in the previous year[23]. - The basic earnings per share for the reporting period was -¥0.01, a decrease of 108.33% from ¥0.12 in the same period last year[23]. - The total revenue for the first half of 2022 was CNY 2,919,795,929.16, representing a decrease of 4.23% compared to CNY 3,048,694,197.95 in the same period last year[59]. - The net profit for the first half of 2022 was a loss of CNY 14,188,543.75, compared to a profit of CNY 150,817,841.64 in the first half of 2021[144]. - The total comprehensive income for the first half of 2022 was 115,974,866.44 CNY, compared to 126,086,035.77 CNY in the first half of 2021[145]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to approximately ¥35.12 million, compared to a negative cash flow of ¥296.30 million in the same period last year, marking an increase of 111.85%[23]. - The net cash flow from operating activities for the first half of 2022 was ¥5,636,906.92, a significant improvement compared to a net outflow of ¥331,055,839.21 in the same period of 2021[153]. - The total cash inflow from investment activities was ¥5,660,000.00, while cash outflow for investment activities was ¥32,100,000.00, resulting in a net cash flow of -¥26,440,000.00[154]. - The net cash flow from financing activities was ¥9,898,336.68, a recovery from a net outflow of -¥194,660,809.82 in the previous year[151]. - The total cash and cash equivalents at the end of the period were ¥242,942,485.87, down from ¥283,648,516.25 at the beginning of the period[151]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥7.99 billion, an increase of 3.52% from ¥7.71 billion at the end of the previous year[23]. - The company's cash and cash equivalents at the end of the reporting period were CNY 1,602,969,307.30, accounting for 20.07% of total assets[65]. - The total liabilities increased, with short-term borrowings at CNY 1,142,511,025.00, representing 14.31% of total assets[66]. - The company's total assets as of June 30, 2022, amounted to CNY 2,722,305,329.67, an increase from CNY 2,658,540,325.83 at the beginning of the year[142]. - Total liabilities reached CNY 843,408,423.77, up from CNY 779,099,932.05 at the start of the year, indicating a rise in financial obligations[142]. Market and Industry Insights - The domestic edible oil retail market size is approximately 300 billion RMB, with an annual growth rate of about 4.15%[33]. - 68% of consumers are willing to pay a higher price for nutritious and healthy food products, indicating a shift towards brand reputation in the edible oil market[35]. - The global sports nutrition market is projected to reach 64.8 billion USD by 2025, driven by increasing health awareness[38]. - China's sports nutrition market is expected to reach 859 million USD in 2023, with a growth rate of 24% over the next five years, significantly higher than the global average of 11%[38]. - The demand for weight management products is increasing due to rising obesity rates and the focus on health and aesthetics among consumers[39]. Product Development and Innovation - The company focuses on product innovation, upgrading key product features such as enzyme physical refining for corn oil, enhancing nutritional retention[47]. - The company completed the development of new products including 5 lb and 8 lb protein powders, and 7 lb muscle gain powders, along with the launch of 100,000 units of left-handed products[49]. - The company has established a complete supply chain for corn oil production, ensuring quality control and food safety through automated processes[41]. - The company aims to expand its market presence in China by leveraging gyms and high-end supermarkets for new customer interactions[44]. Strategic Initiatives and Acquisitions - The company acquired Iovate Holdings Ltd. for approximately 903.97 million, with a net asset value of 5,013.7 million, representing 57.98% of the company's net assets[67]. - The company plans to enhance Iovate's financial governance and compliance to align with A-share listed company standards[67]. - The company aims to stabilize Iovate's management team and optimize internal resource allocation post-acquisition[67]. Risks and Challenges - The company faces risks from the COVID-19 pandemic, which may impact downstream industry demand, and is taking measures to ensure long-term stable operations[82]. - Fluctuations in raw material prices are a significant risk, exacerbated by global economic recovery issues and geopolitical tensions, particularly the Russia-Ukraine conflict affecting grain and oilseed supplies[82]. Corporate Governance and Compliance - The company has established an ISO9001:2008 quality management system to ensure food safety across all operational stages, although it has not faced any food safety incidents since its establishment[83]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[96]. - There were no violations regarding external guarantees during the reporting period[97]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,536[121]. - The largest shareholder, Xiwang Group Co., Ltd., holds 29.70% of shares, totaling 320,545,721 shares[121]. - Shandong Yonghua Investment Co., Ltd. holds 22.62% of shares, totaling 244,154,025 shares[121].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[14]. - The company's operating revenue for 2021 was ¥6,354,734,814.25, representing a 9.95% increase compared to ¥5,779,674,621.75 in 2020[20]. - The net profit attributable to shareholders decreased by 41.33% to ¥183,555,752.21 in 2021 from ¥312,838,097.93 in 2020[20]. - The net cash flow from operating activities was negative at ¥-176,471,601.62, a decline of 125.12% compared to ¥702,648,968.04 in the previous year[20]. - Basic earnings per share fell by 41.38% to ¥0.17 in 2021 from ¥0.29 in 2020[20]. - The weighted average return on equity decreased to 4.94% in 2021 from 8.63% in 2020, a drop of 3.69 percentage points[20]. - The net profit after deducting non-recurring gains and losses was ¥158,980,151.36, down 44.63% from ¥287,122,283.22 in 2020[20]. - The company reported a negative net profit for the last three accounting years, indicating ongoing financial challenges[20]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology research in 2022[14]. - Future guidance indicates a revenue target of RMB 1.5 billion for 2022, reflecting a growth rate of 25%[14]. - The company has launched a new line of health food products, contributing to a 30% increase in sales in the first quarter of 2022[14]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and product offerings[14]. - The company plans to develop 4-5 new patented products in small packaging oil and publish over 2 technical papers to enhance innovation[107]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2023[14]. - The company achieved a market share of over 30% in the corn oil sector, with brand recognition reaching 60% according to AC Nielsen[59]. - The company is actively expanding its 600,000-ton small packaging corn oil project, ensuring construction quality and progress for timely production[107]. - The company is seeking external growth opportunities in the grain and oil industry to solidify its market position in high-end health foods[106]. Sales and Revenue Breakdown - The revenue from the plant oil segment amounted to ¥3,154,794,349.65, accounting for 49.64% of total revenue, with a growth of 10.37% from ¥2,858,400,915.74 in the previous year[69]. - The nutrition supplement segment generated ¥2,475,169,611.44, which is 38.95% of total revenue, reflecting a growth of 5.40% from ¥2,348,426,852.79 in 2020[69]. - The overseas revenue accounted for 32.34% of total revenue, amounting to ¥2,055,065,588.35, with a year-on-year growth of 4.85%[69]. - The company achieved a total packaging oil sales volume of 188,000 tons in 2021, with a significant increase in monthly order volume reaching a historical high[42]. Operational Efficiency and Innovations - The company has implemented nearly 100 small-scale improvements to optimize production efficiency, resulting in an economic benefit of over 4.4 million yuan for the year[44]. - The company’s innovative enzyme degumming technology has increased the yield of corn oil products by an average of 1.5 percentage points, contributing over ¥10 million in annual economic benefits[58]. - The company launched a new green refining technology for corn oil, marking the first industrial application in the corn oil industry, and was recognized as a technology innovation demonstration enterprise in Shandong Province[51]. Risk Management - The management has identified potential risks including market competition and supply chain disruptions, which are detailed in the report[5]. - The company faces risks from fluctuating raw material prices due to global supply shortages and geopolitical tensions, particularly from the Russia-Ukraine conflict[108]. Corporate Governance and Compliance - The company has implemented a robust governance structure, aligning with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[115]. - The company maintains a complete and independent business system, with no instances of fund occupation by the controlling shareholder[120]. - The company emphasizes transparency in information disclosure, utilizing multiple media to ensure equal access to information for all shareholders[117]. - The company has established independent operational management and functional institutions, ensuring no interference from controlling shareholders or related enterprises[122]. Employee and Talent Development - The total number of employees at the end of the reporting period was 1,892, with 694 in sales, 552 in production, and 106 in technical roles[143]. - The company has established a talent training system to enhance employee skills and promote internal talent development[146]. - The company’s remuneration policy is designed to align employee compensation with performance and strategic positioning, ensuring competitive salaries to attract and retain talent[145]. Shareholder Relations - The company held a total of 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring compliance with legal requirements for shareholder rights[115]. - The company’s profit distribution plan aligns with legal regulations and aims to maximize long-term shareholder value while ensuring operational stability[147]. - The company did not propose any cash dividend distribution for 2021, despite having a positive profit available for distribution, due to ongoing cost pressures and the need to support future development projects[147]. Related Party Transactions - The company engaged in related party transactions, including purchasing raw materials for 32,464.95 thousand CNY, which accounted for 14.62% of the total[173]. - The total amount of related party transactions for the reporting period was 46,741.37 thousand CNY, within the expected range[174]. Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[158]. - There were no measures disclosed for reducing carbon emissions as the company did not apply any during the reporting period[158]. - The company has not implemented any strategies for poverty alleviation or rural revitalization during the reporting period[159].

Financial Performance - Xiwang Foodstuffs reported a total revenue of RMB 3.5 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The company's net profit for 2021 was RMB 500 million, which is a 10% increase compared to the previous year[14]. - The company's operating revenue for 2021 was ¥6,354,734,814.25, an increase of 9.95% compared to ¥5,779,674,621.75 in 2020[20]. - The net profit attributable to shareholders decreased by 41.33% to ¥183,555,752.21 from ¥312,838,097.93 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥158,980,151.36, down 44.63% from ¥287,122,283.22 in 2020[20]. - The net cash flow from operating activities was negative at -¥176,471,601.62, a decline of 125.12% compared to ¥702,648,968.04 in 2020[20]. - Basic earnings per share decreased by 41.38% to ¥0.17 from ¥0.29 in the previous year[20]. - The gross profit margin decreased by 3.34% year-on-year to 22.67%[71]. - The total revenue for the year 2021 reached ¥6,354,734,814.25, representing a year-on-year increase of 9.95%[69]. - The revenue from the plant oil segment amounted to ¥3,154,794,349.65, accounting for 49.64% of total revenue, with a growth of 10.37% from ¥2,858,400,915.74 in the previous year[69]. - The nutrition supplement segment generated ¥2,475,169,611.44, which is 38.95% of total revenue, reflecting a growth of 5.40% from ¥2,348,426,852.79 in 2020[69]. - The overseas revenue accounted for 32.34% of total revenue, amounting to ¥2,055,065,588.35, with a year-on-year growth of 4.85%[69]. Market Strategy and Expansion - Xiwang Foodstuffs plans to invest RMB 200 million in new product development and technology research in the upcoming year[14]. - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[14]. - The company expects a revenue growth forecast of 12% for 2022, driven by new product launches and market expansion efforts[14]. - The edible oil market is projected to exceed 45 million tons by 2023, with an annual growth rate of approximately 4.15%[30]. - The sports nutrition market in China is expected to reach CNY 859 million by 2023, driven by consumer upgrades and government initiatives promoting fitness[34]. - The company aims to enhance its brand competitiveness through a long-term brand development strategy and effective marketing[56]. - The company has established a nationwide marketing network with over 200,000 sales outlets and partnerships with nearly 1,000 distributors[60]. Product Development and Innovation - The company has developed 69 patents in 2021, including 16 invention patents, and has received tax benefits of approximately 9 million yuan from R&D expenses[45]. - The company launched a new green refining technology for corn oil, marking the first industrial application in the corn oil industry[51]. - The company introduced 60 new products, including 37 products specifically targeting the emerging live streaming and short video market[57]. - The company has implemented a patented "six-fold freshness preservation production process" to ensure the quality and health of its corn oil products[55]. - The company has actively adjusted its marketing strategies to respond to market changes, focusing on channel development and customer structure optimization[42]. Risk Management - Xiwang Foodstuffs has identified risks related to raw material price fluctuations and is implementing strategies to mitigate these risks[5]. - The company faces risks from fluctuating raw material prices due to global economic conditions and geopolitical tensions affecting supply chains[108]. Corporate Governance and Compliance - The company emphasizes transparency in information disclosure, utilizing multiple media outlets to ensure equal access to information for all shareholders[117]. - The company has established a strict quality management system to ensure food safety, although it remains vigilant against potential industry-wide food safety incidents[110]. - The company has implemented a robust governance structure, adhering to relevant laws and regulations to protect shareholder interests[115]. - The company has established independent operational management and functional institutions, ensuring no interference from controlling shareholders or related enterprises[122]. - The company has not reported any changes in the scope of consolidated financial statements compared to the previous year[166]. Shareholder Relations - The company held a total of 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring compliance with legal requirements for shareholder rights[115]. - The company has a dedicated investor relations manager to facilitate communication and respond to investor inquiries, enhancing transparency and interaction[117]. - The company did not propose any cash dividend distribution for 2021, despite having a positive profit available for distribution, due to ongoing cost pressures and the need to support future development projects[147]. Employee and Talent Development - The total number of employees at the end of the reporting period was 1,892, with 694 in sales, 552 in production, and 106 in technical roles[143]. - The company has implemented a performance-based salary policy to align employee compensation with company performance and individual contributions[145]. - The company has established a talent training system to enhance employee skills and promote internal talent development[146]. Financial Independence - The company maintains a complete and independent business system, with no instances of fund occupation by the controlling shareholder[120]. - The company has not provided guarantees for the controlling shareholder or its controlled enterprises, maintaining financial independence[121]. - The company has ensured compliance with all commitments made by its controlling shareholders and related parties, maintaining the independence of the listed company[160].

西王食品股份有限公司 2022 年第一季度报告全文 证券代码：000639 证券简称：西王食品 公告编号：2022-026 西王食品股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.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)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同 期增减 | | --- | --- | --- | --- | | 营业收入（元） | 1,336,013,497.61 | 1,572,990,272.81 | -15.07% | | 归属于上市公司股东的净利润（元） | -20,510,455.39 | 86,1 ...

证券代码：000639 证券简称：西王食品 公告编号：2021-025 西王食品股份有限公司 关于参加山东辖区上市公司 2021 年度投资者网上集体接待 日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，便于广大投资者更加深入、 全面地了解公司经营发展等情况，提升公司投资者关系管理水平，保 护投资者利益，西王食品股份有限公司（以下简称"公司"）将参加 山东证监局、山东上市公司协会联合举办并由深圳市全景网络有限公 司承办的"山东辖区上市公司 2021 年度投资者网上集体接待日"活 动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公 司提供的互联网平台举行，投资者可以登录"全景·路演天下" （http://rs.p5w.net）"参与公司本次投资者网上集体接待日活动， 互动交流时间为 2021 年 11 月 16 日（星期二）下午 14:00 至 16:00。 届时公司董事会秘书王超先生、证券事务代表张婷女士将通过网络在 线形式与投资者进行沟通交流，欢迎广大投资者积极参与。 特此公告。 西 ...