Financial Performance - The company's revenue for Q1 2023 was CNY 130,979,595.80, representing a 13.44% increase compared to CNY 115,456,915.65 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was CNY 26,888,242.13, a 30.50% increase from CNY 20,604,279.98 in Q1 2022[4] - The net profit after deducting non-recurring gains and losses was CNY 22,746,567.88, up 46.97% from CNY 15,476,877.10 year-on-year[4] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.23, an increase of 27.78% compared to CNY 0.18 in Q1 2022[4] - The company’s operating profit for Q1 2023 was CNY 35,934,815.20, reflecting a 31.25% increase from CNY 27,379,522.05 in Q1 2022[10] - The total profit for Q1 2023 was CNY 35,934,815.20, which is a 30.63% increase compared to CNY 27,508,042.05 in the previous year[10] - Total operating revenue for Q1 2023 reached CNY 130,979,595.80, an increase of 13.5% compared to CNY 115,456,915.65 in Q1 2022[20] - The company reported a decrease in accounts receivable from CNY 12,479,495.11 at the beginning of the year to CNY 7,646,867.10, a reduction of 38.5%[17] - The company’s net profit for Q1 2023 is not explicitly stated, but the increase in revenue and costs suggests a focus on maintaining profitability amidst rising expenses[20] - The total comprehensive income for the quarter was CNY 26,888,242.13, up from CNY 20,604,279.98 in Q1 2022, marking a growth of 30.5%[22] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 1,028,371,486.92, a 1.00% increase from CNY 1,018,178,710.81 at the end of the previous year[4] - Total assets as of March 31, 2023, amounted to CNY 1,028,371,486.92, a slight increase from CNY 1,018,178,710.81 at the start of the year[18] - The company’s total liabilities decreased from CNY 95,073,517.53 to CNY 77,630,825.60, a reduction of 18.3%[18] - The equity attributable to shareholders increased from CNY 923,105,193.28 to CNY 950,740,661.32, an increase of 3.0%[19] Cash Flow - The company's cash flow from operating activities for Q1 2023 was CNY 18,261,506.38, a decrease of 7.77% from CNY 19,799,463.96 in Q1 2022[4] - Cash and cash equivalents at the end of Q1 2023 were CNY 171,032,982.27, down from CNY 182,558,180.63 at the beginning of the year, indicating a decrease of 6.3%[17] - Total cash and cash equivalents at the end of the quarter were CNY 170,623,507.72, a decrease from CNY 203,992,071.99 at the end of Q1 2022[25] - The company reported cash inflow from operating activities of CNY 140,689,798.09, compared to CNY 135,166,169.85 in the same period last year, reflecting a growth of 4.0%[24] - Cash outflow for operating activities was CNY 122,428,291.71, an increase from CNY 115,366,705.89 in Q1 2022[24] - Investment activities resulted in a net cash outflow of CNY 29,656,378.15, compared to a significantly larger outflow of CNY 275,425,322.31 in the previous year[24] - The company paid CNY 120,249.90 in financing activities, down from CNY 174,568.00 in Q1 2022[25] Costs and Expenses - Total operating costs for Q1 2023 were CNY 101,127,468.41, up from CNY 95,345,866.25 in the same period last year, reflecting a rise of 6.8%[20] - Research and development expenses for Q1 2023 were CNY 350,843.40, slightly down from CNY 421,353.74 in the previous year, indicating a focus on cost management[20] - The company experienced a 68.94% decrease in cash inflow from investment activities, totaling CNY 91,625,085.62 compared to CNY 294,957,304.79 in the same period last year[11] Inventory Management - Inventory levels increased to CNY 22,961,631.74 from CNY 21,992,299.35, reflecting a growth of 4.4%[17]

Financial Performance - The company's operating revenue for 2022 was CNY 493,808,620.33, representing a 13.77% increase compared to CNY 434,049,777.18 in 2021[17]. - The net profit attributable to shareholders of the listed company was CNY 91,429,460.78, a 34.38% increase from CNY 68,035,820.39 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 71,832,084.47, up 19.57% from CNY 60,074,360.54 in 2021[17]. - The net cash flow from operating activities increased by 55.17% to CNY 98,473,583.48, compared to CNY 63,461,846.61 in 2021[17]. - The total assets at the end of 2022 were CNY 1,018,178,710.81, an increase of 8.99% from CNY 934,225,019.25 at the end of 2021[17]. - The net assets attributable to shareholders of the listed company were CNY 923,105,193.28, reflecting a 7.62% increase from CNY 857,748,231.71 in 2021[17]. - The basic earnings per share for 2022 was CNY 0.79, a 6.76% increase from CNY 0.74 in the previous year[17]. - The weighted average return on equity was 10.30%, down from 12.67% in 2021, indicating a decrease of 2.37%[17]. Quarterly Performance - In Q1 2022, the company's operating revenue was approximately CNY 115.46 million, with a net profit attributable to shareholders of CNY 20.60 million, and a net cash flow from operating activities of CNY 19.80 million[21]. - The company's operating revenue in Q2 2022 increased to approximately CNY 130.26 million, with net profit attributable to shareholders rising to CNY 27.00 million, and net cash flow from operating activities reaching CNY 26.34 million[21]. - In Q3 2022, the operating revenue was approximately CNY 126.18 million, with net profit attributable to shareholders at CNY 27.18 million, and net cash flow from operating activities at CNY 21.49 million[21]. - The company's Q4 2022 operating revenue decreased to approximately CNY 121.91 million, with net profit attributable to shareholders dropping to CNY 16.65 million, while net cash flow from operating activities surged to CNY 30.84 million[21]. Market and Industry Insights - The baking food industry in China reached a market size of CNY 285.3 billion in 2022, reflecting a year-on-year growth of 9.7%[27]. - The average per capita consumption of baked goods in China was 7.7 kg in 2021, indicating potential for growth compared to countries like Japan[27]. - The number of large-scale biscuit manufacturers (with revenue over CNY 20 million) decreased from 656 in 2019 to 608 by the end of 2022, highlighting a trend of consolidation in the industry[28]. Business Strategy and Operations - The company is focusing on a "sales-driven production" model to ensure product freshness and control inventory effectively[29]. - The marketing strategies are diversifying, with an emphasis on e-commerce alongside traditional distribution channels, enhancing market reach and consumer engagement[30]. - The company’s main products include "Qing Shi" brand calcium milk biscuits and "Hai You" brand peanut butter, with a focus on R&D and sales in the snack food sector[32]. - The company has increased its number of provincial distributors to 90, up from 87 in the previous year, and added 6 new provincial distributors outside the province[39]. - The number of e-commerce distributors increased by 50% year-on-year, from 9 to 18, reflecting a strategic focus on online sales channels[39]. Research and Development - The company holds 1 invention patent, 5 utility model patents, and 3 design patents, showcasing its commitment to innovation[46]. - The company aims to increase its investment in technology research and development, focusing on health-functional foods and collaborating with universities for product innovation[87]. - Research and development expenses increased by 30% in 2022, focusing on innovative food processing technologies[112]. Financial Management and Governance - The company has established a complete governance structure, ensuring compliance with relevant laws and regulations, and has not faced any administrative penalties[96]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring no conflicts of interest[99]. - The company has a robust internal financial accounting system, allowing for independent financial decision-making without shared bank accounts with its controlling shareholders[100]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.99 million[126]. - The company has a structured approach to assess the performance of its senior management, linking it to industry standards and individual performance[125]. Shareholder Engagement and Dividends - The company distributed cash dividends of RMB 26,625,000.00 (including tax) to shareholders, amounting to RMB 3 per 10 shares, based on a total share capital of 88,750,000 shares as of December 31, 2021[139]. - The cash dividend for 2022 accounted for 37.86% of the net profit attributable to ordinary shareholders in the consolidated financial statements[152]. - The company has established a profit distribution policy to ensure reasonable returns for investors, maintaining continuity and stability in dividends[159]. Future Outlook and Plans - The company plans to expand its market presence by entering three new provinces in 2023, aiming for a 25% increase in market share[118]. - New product launches are expected to contribute an additional RMB 200 million in revenue in 2023, focusing on health-oriented snacks[118]. - The company plans to enhance its marketing network and logistics systems to improve brand recognition and market share, including partnerships for live-streaming e-commerce initiatives[87]. Compliance and Risk Management - The company is facing risks related to food safety, brand infringement, and the reliance on a distribution model that may affect market coverage and brand image[91]. - The company has not faced any dissenting opinions from the board regarding significant corporate matters during the reporting period[129]. - The company has established various internal control measures to ensure the accuracy and completeness of financial information[142].

Financial Performance - The company's operating revenue for 2022 was CNY 493,808,620.33, representing a 13.77% increase from CNY 434,049,777.18 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 91,429,460.78, a 34.38% increase compared to CNY 68,035,820.39 in 2021[18]. - The net profit after deducting non-recurring gains and losses was CNY 71,832,084.47, up 19.57% from CNY 60,074,360.54 in the previous year[18]. - The net cash flow from operating activities increased by 55.17% to CNY 98,473,583.48, compared to CNY 63,461,846.61 in 2021[18]. - The total assets at the end of 2022 were CNY 1,018,178,710.81, an 8.99% increase from CNY 934,225,019.25 at the end of 2021[18]. - The net assets attributable to shareholders increased by 7.62% to CNY 923,105,193.28 from CNY 857,748,231.71 in 2021[18]. - The basic earnings per share for 2022 were CNY 0.79, a 6.76% increase from CNY 0.74 in 2021[18]. - The weighted average return on equity was 10.30%, down from 12.67% in the previous year[18]. Market and Industry Insights - The baking food industry in China reached a market size of CNY 285.3 billion in 2022, with a year-on-year growth of 9.7%, indicating robust market demand[28]. - The average per capita consumption of baked goods in China was 7.7 kg in 2021, suggesting potential for growth compared to countries like Japan[28]. - The number of large-scale biscuit manufacturers (with revenue over CNY 20 million) decreased from 656 in 2019 to 608 in 2022, indicating a trend towards industry consolidation[29]. - The trend of consumers preferring branded baked goods is evident, with 92.7% of consumers showing a preference for purchasing branded products, highlighting the importance of brand positioning[28]. Marketing and Distribution Strategies - The company is focusing on a diversified marketing strategy, including traditional distribution, chain operations, and e-commerce, to enhance market reach and consumer engagement[30]. - The company’s online e-commerce distributors increased by 50% year-on-year, from 9 to 18, reflecting a strategic focus on expanding online sales channels[40]. - The company has established a marketing network primarily based on a distribution model, supplemented by direct sales and OEM production, to enhance market coverage and brand awareness[38]. - The company’s revenue from the top five distributors accounted for 18.98% of total sales, indicating a diversified distribution strategy[41]. Product Development and Innovation - The company’s main products include calcium milk biscuits and peanut butter, with a focus on health-oriented product innovation and differentiation strategies to avoid product homogenization[34][37]. - The company has implemented a brand innovation strategy, focusing on high-quality products and leveraging market research for precise product positioning[37]. - The company plans to expand its market presence by launching upgraded health food products, including a new calcium milk biscuit series[64]. Operational Efficiency and Cost Management - The main components of operating costs in 2022 included direct materials at CNY 251.81 million (74.97%), direct labor at CNY 39.67 million (11.81%), and manufacturing expenses at CNY 22.56 million (6.72%)[44]. - The company achieved a sales volume of 30,608 tons for biscuits in 2022, reflecting a 13.97% increase from the previous year[45]. - The company has established a stable supplier network, with over 30% of raw materials sourced from cooperatives or farmers[43]. - The company emphasizes quality control across all stages of production, from raw material procurement to sales, to maintain product standards and consumer trust[32]. Financial Management and Governance - The company has established a robust governance structure, complying with relevant laws and regulations, ensuring transparency and accountability[98]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring no conflicts of interest[101]. - The company has a complete financial accounting system and does not share bank accounts with its controlling shareholders[102]. - The company has committed to improving corporate governance and internal controls to strengthen its risk management capabilities[88]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 3 per 10 shares, totaling CNY 115,375,000 as the base[3]. - The cash dividend payout ratio for 2022 was 37.86% of the net profit attributable to ordinary shareholders, ensuring the protection of minority shareholders' interests[155]. - The company completed its equity distribution within two months of the shareholders' meeting approval, demonstrating efficiency in executing financial decisions[141]. Future Outlook and Strategic Plans - The company plans to expand its market presence and invest in new product development to enhance competitiveness in the food industry[109]. - The company has set a performance guidance for 2023, aiming for a revenue increase of approximately 15% year-over-year[106]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[109]. - The company plans to enhance its market development efforts and strengthen its talent pool, particularly in online sales and outside the province[49]. Risk Management - The company has identified potential risks in its future development outlook, which investors should pay attention to[3]. - The company faces risks related to food safety, brand infringement, and the reliance on a distribution model that may affect market coverage and brand image[93]. - The company is currently concentrated in the Shandong province market, which poses risks if there are adverse changes in local economic conditions[93]. Employee Management and Development - The total number of employees at the end of the reporting period was 579, with 342 in the parent company and 237 in major subsidiaries[136]. - The company emphasizes a performance-based salary system, linking employee compensation to company performance to enhance motivation and fairness[137]. - The company has established a comprehensive training system to enhance employee capabilities and align with corporate culture and values[139].

证券代码：001219 证券简称：青岛食品 公告编号：2023-018 青岛食品股份有限公司 关于举行 2022 年度网上业绩说明会的公告 青岛食品股份有限公司 董事会 2023 年 4 月 18 日 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 青岛食品股份有限公司（以下简称"公司"）《2022 年年度报告》及其摘要等 相关文件已于 2023 年 4 月 18 日刊登在中国证监会指定信息披露网站。为了便于 投资者进一步了解公司 2022 年度经营业绩情况，公司定于 2023 年 5 月 5 日下 午 15:00-17:00 在全景网举办（https://www.p5w.net/）2022 年度业绩说明会。 本次年度业绩说明会将采用网络远程方式举行，投资者可登陆全景网"投资者关 系互动平台"（http://ir.p5w.net）参与本次年度业绩说明会。 出席公司本次业绩说明会的人员有：董事长仲明先生，董事会秘书张松涛先 生，财务总监程相伟先生，独立董事管建明先生，保荐机构代表李建先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 ...

青岛食品股份有限公司 青岛食品股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------------|--------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 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 2022 | 年度青岛辖区上市公司投资者网上集体接待日 | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | 时间 | 2022 年 11 月 3 日 | 星期四 ) 15:00~17:00 | | 地点 | 全景网"投资者关系互动平台"（ | http://rs.p5w.net ） | | 上市公司接待人 员姓名 | 董事会秘书：张剑春 财务总监：程相伟 | | | | 证券事务代表：张松涛 | | | | | 投 ...

Financial Performance - The company's revenue for Q3 2022 was ¥126,181,967.42, representing a 9.59% increase compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥27,177,129.43, a 34.56% increase year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,737,045.98, up 33.15% from the previous year[5]. - Total profit for the first nine months of 2022 was ¥99,649,061.75, which is a 37.60% increase year-over-year[11]. - Net profit for the current period was ¥74,782,242.26, representing a 37.5% increase from ¥54,370,562.47 in the same period last year[23]. - The total profit for the current period was ¥99,649,061.75, up from ¥72,417,504.99 in the previous period, indicating strong financial performance[23]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥981,151,063.92, reflecting a 5.02% increase from the end of the previous year[5]. - Total current assets as of September 30, 2022, amount to 858,437,890.43 RMB, an increase from 807,325,173.95 RMB at the beginning of the year[19]. - Total liabilities decreased from 76,476,787.54 RMB to 74,635,074.08 RMB[20]. - The company reported a total asset of 981,151,063.92 RMB as of September 30, 2022, compared to 934,225,019.25 RMB at the beginning of the year[19]. Cash Flow - The company's cash flow from operating activities for the first nine months of 2022 was ¥67,630,357.08, an increase of 78.22%[5]. - Cash flow from operating activities generated a net amount of ¥67,630,357.08, compared to ¥37,947,379.08 in the prior period, reflecting a significant increase[26]. - Cash flow from investing activities resulted in a net outflow of ¥329,583,226.56, worsening from a net outflow of ¥34,691,501.00 in the previous period[27]. - The cash outflow from investment activities for the first nine months of 2022 was ¥1,511,917,802.76, a 146.82% increase compared to the same period in 2021[13]. Shareholder Information - Total equity attributable to shareholders at the end of Q3 2022 was ¥906,515,989.84, a 5.69% increase from the end of the previous year[5]. - Total number of common shareholders at the end of the reporting period is 16,656[15]. - The largest shareholder, Qingdao Huadong State-owned Capital Investment Operation Group, holds 46.74% of shares, totaling 53,925,979 shares[15]. - Total equity attributable to shareholders of the parent company increased from 857,748,231.71 RMB to 906,515,989.84 RMB[20]. Operational Metrics - Total operating revenue for the current period reached ¥371,894,506.55, an increase of 19.3% compared to ¥311,829,171.38 in the previous period[22]. - Total operating costs amounted to ¥294,271,662.54, up 18.0% from ¥249,446,211.76 in the prior period[22]. - Earnings per share (EPS) for the current period was ¥0.65, slightly up from ¥0.63 in the previous period[24]. - The company completed a capital reserve conversion, increasing total shares from 88,750,000 to 115,375,000, impacting EPS calculations[24]. Other Financial Highlights - Investment income for the first nine months of 2022 was ¥9,061,212.63, a 47.71% increase compared to the same period in 2021[11]. - The company reported a significant increase in other income, totaling ¥4,659,263.29, compared to ¥2,167,724.10 in the previous period[22]. - Cash and cash equivalents decreased from 460,221,703.98 RMB to 172,084,502.37 RMB[18]. - Cash and cash equivalents at the end of the period stood at ¥171,675,747.51, a decrease from ¥102,656,132.48 in the previous period[27]. - Accounts receivable increased from 11,026,062.83 RMB to 14,804,526.34 RMB[18]. - Inventory decreased from 27,340,979.80 RMB to 19,551,206.55 RMB[19]. - The company has not disclosed any new product or technology developments in the current report[15].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥245,712,539.13, representing a 24.93% increase compared to ¥196,686,874.09 in the same period last year[23]. - The net profit attributable to shareholders was ¥47,605,112.83, a 39.30% increase from ¥34,173,857.99 year-on-year[23]. - The net cash flow from operating activities reached ¥46,142,568.96, a significant increase of 1,040.62% compared to a negative cash flow of ¥4,905,539.70 in the previous year[23]. - The basic earnings per share increased by 2.50% to ¥0.41 from ¥0.40 in the same period last year[23]. - Total operating revenue for the first half of 2022 reached ¥245.71 million, a 25% increase from ¥196.69 million in the same period of 2021[146]. - Net profit for the first half of 2022 was ¥47.61 million, a 39.2% increase from ¥34.17 million in the same period of 2021[148]. - The net cash flow from operating activities for the first half of 2022 was ¥46,142,568.96, a significant improvement compared to a net loss of ¥4,905,539.70 in the same period of 2021[153]. Assets and Liabilities - Total assets at the end of the reporting period were ¥957,671,364.95, up 2.51% from ¥934,225,019.25 at the end of the previous year[23]. - The company's total assets saw a significant shift, with cash and cash equivalents decreasing to ¥181,352,204.86, down 30.32% from ¥460,221,703.98 at the end of the previous year[59]. - Total liabilities increased to CNY 78,266,580.04 from CNY 76,476,787.54, reflecting a growth of about 2.3%[140]. - The company's equity increased to CNY 879,404,784.91 from CNY 857,748,231.71, indicating a rise of approximately 2.5%[140]. Costs and Expenses - The company's main raw material procurement cost for palm oil increased by approximately 66.92% year-on-year, leading to a 2.04% rise in overall business costs[41]. - Total operating costs rose by 29.45% year-on-year, reaching ¥167,610,319.62 in the first half of 2022[44]. - Research and development expenses decreased by 8.20% to ¥813,911.79 from ¥886,657.64, indicating a reduction in investment in new product development[49]. - The cost of sales increased by 29.45% to ¥167,610,319.62 from ¥129,481,167.50, leading to a gross margin decrease in the food manufacturing sector to 31.73%[54]. Market and Sales - The company has a diverse product range including calcium milk biscuits and peanut butter, with a focus on health-oriented product innovation[36]. - The number of distributors increased to 88 in the province and 95 outside the province, with a notable addition of 4 e-commerce distributors, indicating market expansion efforts[38]. - Online sales revenue for the first half of 2022 was ¥9,663,100, accounting for 3.93% of total revenue, up from 2.92% in the same period last year[40]. - Domestic sales contributed ¥227,057,166.25, representing 92.38% of total revenue, with a year-on-year growth of 23.13%[52]. Investments and Financing - The investment cash flow net amount was negative at ¥298,916,040.84, a 684.00% increase in outflow due to increased expenditures on structured deposits[49]. - The company achieved an investment income of ¥8,216,083.41, accounting for 12.95% of total profit, primarily from structured deposits[58]. - The total amount raised from the public offering was 381,840,000.00 CNY, with a net amount of 357,326,924.03 CNY after deducting issuance costs[66]. Shareholder Information - The company has not distributed cash dividends or bonus shares for the reporting period[85]. - The total share capital increased from 88,750,000 shares to 115,375,000 shares after a capital reserve conversion of 3 shares for every 10 shares held[117]. - The state-owned shareholder, Qingdao Huating, holds 46.74% of the shares, amounting to 53,925,979 shares after an increase of 12,444,457 shares[124]. - The company has a total of 19,402 ordinary shareholders as of the reporting period end[124]. Compliance and Governance - The company has obtained all necessary certifications and licenses for its operations, ensuring compliance with food safety regulations[33]. - The company has established a food safety team to oversee and improve food safety management continuously[77]. - The financial statements comply with the disclosure requirements set by the China Securities Regulatory Commission[176]. - The company has undergone significant changes in its shareholding structure, impacting its financial reporting and governance[172]. Future Outlook and Strategy - The company plans to expand its marketing network outside Shandong province, with the goal of increasing sales revenue from these regions to reduce sales concentration risks[79]. - The company plans to continue its market expansion strategy, focusing on increasing its market share in the food sector[163]. - The company aims to explore potential mergers and acquisitions to strengthen its market position and diversify its product offerings[160]. - The future outlook remains cautiously optimistic, with a focus on improving operational efficiency and cost management[163].

Financial Performance - The company's revenue for Q1 2022 was ¥115,456,915.65, representing a 21.62% increase compared to ¥94,930,411.56 in the same period last year[3] - Net profit attributable to shareholders was ¥20,604,279.98, up 27.96% from ¥16,102,154.98 year-over-year[3] - Total operating revenue for Q1 2022 was CNY 115,456,915.65, an increase of 21.6% compared to CNY 94,930,411.56 in the previous period[16] - Net profit for Q1 2022 reached CNY 20,604,279.98, representing a 28.9% increase from CNY 16,102,154.98 in the same period last year[17] Cash Flow - The net cash flow from operating activities reached ¥19,799,463.96, a significant increase of 331.87% compared to a negative cash flow of ¥8,538,899.13 in the previous year[3] - Operating cash inflow for the current period was $135,166,169.85, an increase of 26.5% from $106,822,851.18 in the previous period[21] - Cash inflow from investment activities totaled $294,957,304.79, up from $252,345,406.96 in the previous period[21] - Net cash flow from investment activities was -$275,425,322.31, worsening from -$48,402,182.44 in the previous period[21] - The net increase in cash and cash equivalents was -$255,821,960.90, compared to -$57,453,043.74 in the previous period[22] Assets and Liabilities - Total assets as of March 31, 2022, were ¥947,422,262.55, reflecting a 1.41% increase from ¥934,225,019.25 at the end of the previous year[3] - Current assets totaled CNY 820,147,528.25, slightly up from CNY 807,325,173.95 at the start of the year, indicating a 1.0% increase[12] - Total liabilities decreased from CNY 76,476,787.54 to CNY 69,069,750.86, a decline of 9.7%[14] - The company's equity attributable to shareholders increased from CNY 857,748,231.71 to CNY 878,352,511.69, reflecting a growth of 2.4%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,566[9] - The largest shareholder, Qingdao Huadong State-owned Capital Investment Operation Group, holds 46.74% of the shares, totaling 41,481,522 shares[9] Other Financial Metrics - The company's weighted average return on equity decreased to 2.37% from 3.40% in the same period last year, a decline of 1.03%[3] - Basic earnings per share for Q1 2022 were CNY 0.23, compared to CNY 0.24 in the previous period[18] - The company's cash and cash equivalents decreased significantly from CNY 460,221,703.98 to CNY 204,400,096.55, a decline of 55.6%[12] - Accounts receivable decreased from CNY 11,026,062.83 to CNY 9,670,990.92, a reduction of 12.3%[12] Financial Activities - The company's financial expenses decreased by 47.49% to -¥400,115.43, attributed to increased interest income from deposits[7] - The company received $290,000,000.00 from investment recoveries, an increase from $250,000,000.00 in the previous period[21] - Total cash outflow for purchasing fixed assets was $382,627.10, down from $747,589.40 in the previous period[21] - The company did not conduct an audit for the first quarter report[23]

Financial Performance - The company's operating revenue for 2021 was ¥434,049,777.18, a decrease of 9.66% compared to ¥480,442,705.35 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥68,035,820.39, down 13.98% from ¥79,095,186.72 in the previous year[20] - The basic earnings per share for 2021 was ¥0.97, representing an 18.49% decline from ¥1.19 in 2020[20] - The net profit after deducting non-recurring gains and losses for 2021 was ¥60,074,360.54, a decrease of 9.53% from ¥66,404,097.14 in 2020[20] - The company's total operating revenue for 2021 was CNY 434,049,777.18, a decrease of 9.66% compared to CNY 480,442,705.35 in 2020[55] - The net profit attributable to shareholders for 2021 was CNY 6,803.58 million, reflecting the impact of rising raw material prices and market challenges[55] - The gross profit margin for the food industry was 32.17%, reflecting a 4.44% increase year-over-year[60] - The cash dividend payout ratio for 2021 was 39.13% of the net profit attributable to ordinary shareholders, ensuring the protection of minority shareholders' interests[160] Assets and Liabilities - The total assets at the end of 2021 increased by 71.06% to ¥934,225,019.25 from ¥546,154,503.88 at the end of 2020[20] - The net assets attributable to shareholders rose by 84.20% to ¥857,748,231.71 at the end of 2021, compared to ¥465,660,487.29 at the end of 2020[20] - The company's total assets included cash and cash equivalents of ¥460,221,703.98, with restricted cash of ¥407,667.83[78] - The proportion of cash and cash equivalents to total assets rose from 24.51% at the beginning of 2021 to 49.26% at the end of 2021, mainly due to funds raised from the IPO[74] Cash Flow - The net cash flow from operating activities for 2021 was ¥63,461,846.61, a decrease of 13.75% from ¥73,579,518.41 in 2020[20] - Operating cash inflow decreased by 11.19% to ¥482,991,029.59 in 2021 from ¥543,863,695.22 in 2020[71] - Investment cash inflow dropped by 52.30% to ¥638,978,890.63 in 2021 from ¥1,339,520,110.25 in 2020[71] - Financing cash inflow surged by 1,025.06% to ¥328,105,473.40 in 2021, primarily due to the initial public offering[72] Market and Sales - The company reported a revenue of 1.2 billion RMB for the last quarter, representing a 15% year-over-year increase[116] - The company is focusing on a "sales-driven production" model to ensure product freshness and control inventory effectively[32] - The e-commerce sales model has seen significant growth, driven by increasing consumer acceptance of online shopping, enhancing market reach for snack food products[32] - The company achieved total assets of ¥934,225,019.25 and total operating revenue of ¥434,049,777.18, resulting in a net profit attributable to shareholders of ¥68,035,820.39[36] Production and Costs - The production volume of biscuit products decreased by 16.29% to 26,731 tons in 2021, while sales volume also fell by 17.18% to 26,857 tons[51] - The main raw materials, palm oil and eggs, saw price increases of approximately 43.0% and 31.5% year-on-year, respectively, leading to a 1.6% increase in the company's main business costs[49] - The cost of direct materials accounted for 74.59% of total operating costs in 2021, down from 77.89% in 2020, with total direct material costs at CNY 220,426,339.61[49] Governance and Management - The board of directors consists of seven members, including three independent directors, and operates under various committees to ensure compliance and governance[101] - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, with a fully established independent financial accounting system[103] - The company has established diverse communication channels for investors, including dedicated phone lines and email addresses, to ensure timely information dissemination[101] - The company has undergone significant management changes, with multiple appointments and resignations in 2021, reflecting a restructuring effort[108] Future Outlook and Strategy - The company plans to enhance its biscuit production capacity and expand its marketing network in 2022 to meet increasing market demand[92] - The company aims to establish a national-level technology center and implement smart production line upgrades to improve efficiency and market share[92] - The company is focused on developing healthy and nutritious snack foods to become a leading producer in the domestic market[92] - The company plans to enhance production efficiency by introducing more automated and intelligent machinery in its biscuit production lines, aiming to reduce human error and improve real-time monitoring[93] Risks and Challenges - The company has identified potential risks in its future development outlook, which investors should pay attention to[5] - The company faces potential risks related to food safety, including the possibility of using substandard raw materials and lapses in production quality control[95] - The company acknowledges risks associated with its reliance on a distribution model, where non-compliance by distributors could harm its market presence[96] - The company recognizes that unexpected public events, such as the COVID-19 pandemic, could adversely affect its operations and profitability[97] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥3.00 per 10 shares to all shareholders, based on a total of 88,750,000 shares[5] - The company plans to distribute a cash dividend of RMB 3 per 10 shares, totaling RMB 26,625,000, which represents 100% of the distributable profit[145] - The total share capital will increase to 115,375,000 shares after a capital reserve conversion of 3 shares for every 10 shares held[149] Compliance and Internal Control - The company has established a comprehensive internal control system in compliance with relevant laws and regulations, ensuring clear responsibilities among governance bodies[160] - There were no significant internal control deficiencies identified during the reporting period, ensuring the accuracy of financial reporting[147] - The internal control audit report was issued with a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[156]