Financial Performance - The company's revenue for Q3 2021 was CNY 608,592,010.46, representing a 1.30% increase year-over-year, while the year-to-date revenue reached CNY 1,955,329,427.55, up 8.73% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was CNY 127,489,394.79, a decrease of 39.07% year-over-year, with a year-to-date net profit of CNY 503,663,158.26, down 17.92% compared to the previous year[3] - The basic earnings per share for Q3 2021 was CNY 0.153, reflecting a decline of 43.33% year-over-year, while the diluted earnings per share also stood at CNY 0.153, down 43.33%[3] - The net profit for the third quarter of 2021 was CNY 503,663,158.26, a decrease of 18.0% compared to CNY 613,606,691.16 in the same period last year[19] - The total operating profit for the quarter was CNY 594,729,756.43, down 17.7% from CNY 722,489,993.47 in the previous year[19] - The total comprehensive income attributable to the parent company was CNY 503,663,158.26, a decrease of 18.0% from CNY 613,606,691.16 in the previous year[20] Assets and Equity - The company's total assets as of the end of Q3 2021 amounted to CNY 7,844,442,577.08, an increase of 97.61% compared to the end of the previous year[3] - The equity attributable to shareholders increased to CNY 7,197,670,219.50, marking a 110.99% rise from the end of the previous year[3] - The company's equity attributable to shareholders reached RMB 7,197,670,219.50, compared to RMB 3,411,459,905.45 at the end of 2020[17] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 531,084,644.06, down 24.33% compared to the same period last year[3] - The cash flow from operating activities was CNY 531,084,644.06, a decline of 24.3% compared to CNY 701,829,854.17 in the same period last year[21] - The company reported a significant increase in cash inflow from financing activities, totaling CNY 3,281,456,893.98, compared to a cash outflow of CNY -236,807,172.30 in the previous year[22] Receivables and Inventory - Accounts receivable surged by 1462.59% to CNY 42,746,705.41, attributed to the company's strategy of easing credit limits for certain customers to support new product sales[5] - Accounts receivable increased significantly to RMB 42,746,705.41 from RMB 2,735,629.20 year-over-year[15] - Inventory rose to RMB 481,514,156.67, compared to RMB 382,821,548.88 at the end of 2020, indicating a growth in stock levels[15] Expenses - Sales expenses rose by 83.69% to ¥519,356,188.42, mainly due to increased brand promotion costs of ¥223 million[6] - Total operating costs increased to RMB 1,379,174,277.85 from RMB 1,090,041,522.97, indicating a rise in expenses[18] - The company reported a significant increase in sales expenses to RMB 519,356,188.42 from RMB 282,732,247.06 year-over-year[18] - Research and development expenses decreased slightly to RMB 4,575,745.51 from RMB 5,471,092.30, indicating a focus on cost management in this area[18] Investments and Projects - The company is investing in the construction of a new pickled vegetable production base with an annual capacity of 50,000 tons and a technical transformation project for Doubanjiang with an annual capacity of 10,000 tons[5] - The company plans to use the proceeds from a non-public offering of up to ¥3.3 billion for the construction of a green intelligent production base[11] Government Subsidies and Tax Refunds - The company reported a government subsidy of CNY 2,382,087.43 for the current period, contributing to its non-operating income[4] - The company reported a 450.24% increase in tax refunds received, amounting to ¥8,842,337.98, mainly from VAT refunds[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,811[8] - The largest shareholder, Chongqing Fuling State-owned Assets Investment Group Co., Ltd., holds 35.26% of the shares[8] - The company raised a total of RMB 3,299,999,985.98 through a private placement of 98,272,781 shares at RMB 33.58 per share, with a net amount of RMB 3,279,921,524.52 after deducting issuance costs[12] Cash and Cash Equivalents - As of September 30, 2021, the company had cash and cash equivalents of RMB 3,162,351,734.34, an increase from RMB 1,749,576,465.89 as of December 31, 2020[14] - The cash and cash equivalents at the end of the period increased to CNY 1,719,008,127.89, compared to CNY 1,339,356,869.26 at the end of the previous year[22] Financial Management - Financial expenses increased by 316.17% to -¥72,448,870.63, attributed to higher interest income from cash management[6] - Investment income grew by 108.27% to ¥15,455,710.78, primarily from increased returns on bank and securities wealth management products[6] - Cash flow from operating activities saw a net increase of ¥1,408,073,707.27, a 174.85% rise, mainly due to increased cash from investment absorption[6] Audit Information - The company did not undergo an audit for the third quarter report[23]

Financial Performance - The company's operating revenue for the reporting period was CNY 1,346,737,417.09, representing a 12.46% increase compared to CNY 1,197,573,701.61 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 376,173,763.47, a decrease of 6.97% from CNY 404,357,038.26 in the previous year[15]. - The net cash flow from operating activities decreased by 44.71%, amounting to CNY 257,490,980.14 compared to CNY 465,710,618.09 in the same period last year[15]. - Total assets increased by 93.23% to CNY 7,670,441,435.84 from CNY 3,969,611,914.85 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company rose by 107.25% to CNY 7,070,180,824.71 from CNY 3,411,459,905.45 at the end of the previous year[15]. - The basic earnings per share decreased by 7.84% to CNY 0.47 from CNY 0.51 in the same period last year[15]. - The weighted average return on net assets was 10.45%, down from 13.16% in the previous year, a decrease of 2.71%[15]. - Total revenue for the company in the first half of 2021 was ¥1,196,349,095.54, representing a year-on-year increase of 12.48%[29]. - The gross margin for pickled vegetables decreased slightly from 61.39% in the first half of 2020 to 59.31% in the first half of 2021[29]. - The company reported a year-on-year increase in sales revenue for pickled vegetables of 16.42%, despite a slight decrease in gross margin[29]. - The company’s financial expenses increased significantly by 334.37% to approximately -¥42.62 million, mainly due to increased interest from cash management[43]. - The total comprehensive income for the first half of 2021 was CNY 139,304,090, compared to CNY 147,138,535 in the first half of 2020[149]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 3 per 10 shares (including tax) to all shareholders[4]. - The company reported a cash dividend of RMB 3.00 per 10 shares, totaling RMB 266,289,006.60, which represents 100% of the total profit distribution[68]. - The total number of shares for the cash dividend distribution is based on 887,630,022 shares[68]. - The company’s available distributable profit is RMB 1,529,507,252.72[68]. - The company has no plans for stock dividends or capital reserve transfers in the current profit distribution[68]. - The company’s profit distribution plan complies with relevant laws and regulations, ensuring legality and reasonableness[69]. - The company emphasizes the importance of maintaining a balance between shareholder returns and operational needs for future development[68]. - The company’s board of directors has approved the profit distribution plan in meetings held on July 29, 2021[68]. Market Position and Strategy - The company has maintained a leading position in the pickled vegetable industry, with continuous growth in market share and brand reputation[23]. - The company aims to enhance brand value and reshape channel structure through targeted marketing strategies, contributing to stable growth[26]. - The company’s strategic focus includes promoting the value of pickled vegetables and enhancing the "Wujiang" brand's market presence[26]. - The company has established a procurement model that integrates "company + cooperative + farmers," ensuring raw material supply and supporting rural revitalization[26]. - The company has adopted a city-based precision marketing management model, focusing on maximizing sales through various channels, including community group buying and fresh supermarkets[26]. - The company plans to expand its product line through mergers and acquisitions in complementary industries to strengthen its market position[41]. - The company is focused on expanding its raw material planting bases to stabilize supply and improve farmers' income[62]. - The company aims to increase merger and acquisition efforts, but there is uncertainty regarding the ability to maintain control over acquired companies while leveraging their competitive advantages[64]. Production and Operations - The production process has been fully mechanized and automated, with ongoing exploration of intelligent production models to improve efficiency and ensure product quality[26]. - The company operates primarily through a distribution model supplemented by e-commerce, with direct sales from platforms like "Sangtian Shike" and "Huijutianxia"[28]. - The company’s production is organized based on orders, with all products being self-produced, indicating a focus on quality control and supply chain management[33]. - The company has established a national research center for pickled mustard tuber processing technology, collaborating with several universities and research institutes[39]. - The company has implemented modern food engineering technologies, including nitrogen preservation and automated production lines, to enhance product quality and safety[38]. - The company has ongoing projects including a 16,000 tons/year pickled vegetable production line and a 50,000 tons/year pickled vegetable production base, both funded by self-owned capital[55]. Financial Management and Investments - The company completed a non-public offering, resulting in a net cash increase of approximately ¥2.74 billion, an increase of 808.37% compared to the previous year[44]. - The company engaged in entrusted financial management with a total amount of 380,000,000 CNY, including 310,000,000 CNY from bank financial products and 60,000,000 CNY from securities firms[93]. - The company has a remaining balance of 230,186,720 CNY in entrusted financial management, with no overdue amounts or impairment provisions[93]. - The company plans to use idle raised funds for financial management, with a projected annualized return rate of 4.30%, expecting a total return of 2,150,000 CNY[94]. - The company’s financial management strategy focuses on high safety, good liquidity, and principal protection[94]. - The company completed a non-public offering of shares, issuing 98,272,781 new shares listed on the Shenzhen Stock Exchange on May 18, 2021[100]. - The company received approval from the China Securities Regulatory Commission for the private placement on January 13, 2021[110]. - The company plans to utilize the raised funds for business expansion and new product development[116]. Environmental and Social Responsibility - The company has established wastewater treatment stations at all production facilities, ensuring compliance with environmental standards and normal operation[71]. - The company has implemented MVR technology to treat brine, reducing wastewater discharge and promoting resource reuse[71]. - The company has invested several hundred million yuan in building environmental protection facilities and has pioneered MVR brine concentration and membrane filtration technology in the industry[78]. - The company actively engages in poverty alleviation by providing technical guidance to farmers and ensuring a minimum purchase price for raw materials[78]. - The company conducts regular emergency drills for environmental incidents, ensuring preparedness and compliance with regulations[73]. - The company has no reported administrative penalties related to environmental issues during the reporting period[74]. - The company maintains a commitment to employee rights protection, offering training and support to enhance employee skills and welfare[77]. Risks and Challenges - The company faced risks related to raw material shortages and price fluctuations, particularly concerning the key ingredient, Qingcaitou[62]. - To mitigate raw material risks, the company plans to enhance its raw material storage capacity and improve procurement strategies[62]. - The company plans to strengthen market research and adopt various measures to enhance product sales and mitigate risks associated with market fluctuations[64]. Corporate Governance - The company has established a mechanism to protect the rights of minority shareholders, ensuring transparency and fairness in shareholder meetings[75]. - The company has not reported any significant litigation or arbitration matters during the reporting period[81]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[79]. - The company has no significant related party transactions during the reporting period[82]. - The company has not encountered any situations that may lead to the impairment of entrusted financial management principal[94]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[161].

Financial Performance - The company's revenue for Q1 2021 was ¥708,977,187.75, representing a 46.86% increase compared to ¥482,747,410.75 in the same period last year[2]. - Net profit attributable to shareholders for Q1 2021 was ¥203,231,279.23, up 22.73% from ¥165,596,376.32 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥201,076,121.69, reflecting a 27.82% increase from ¥157,309,119.36 in the previous year[2]. - Operating revenue grew by 46.86% to ¥708,977,187.75, driven by a year-on-year increase in product sales volume[10]. - The total profit for the current period was ¥244,610,339.15, compared to ¥194,518,783.75 in the previous period, reflecting an increase of approximately 25.7%[36]. - Net profit for the current period was ¥203,231,279.23, compared to ¥165,596,376.32 in the previous period, representing a growth of approximately 22.7%[38]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,245,272,481.63, a 6.94% increase from ¥3,969,611,914.85 at the end of the previous year[2]. - The net assets attributable to shareholders increased by 5.96% to ¥3,614,691,184.68 from ¥3,411,459,905.45 year-on-year[2]. - The company's total liabilities increased, with accounts payable rising by 142.88% to ¥193,824,823.56, reflecting higher unpaid goods and service costs[10]. - Current liabilities rose to CNY 529,080,854.01, compared to CNY 455,679,642.57, indicating an increase of about 16.0%[30]. - The total liabilities amounted to CNY 630,581,296.95, compared to CNY 558,152,009.40, indicating an increase of about 12.9%[30]. Cash Flow - The net cash flow from operating activities was negative at -¥25,721,050.91, a significant decrease of 109.30% compared to ¥276,495,494.06 in the same period last year[2]. - The cash inflow from operating activities amounted to ¥747,164,574.11, an increase of 10.2% compared to ¥678,051,125.73 in the previous period[42]. - The cash outflow from operating activities totaled ¥772,885,625.02, significantly higher than ¥401,555,631.67 in the previous period, resulting in a net cash flow from operating activities of -¥25,721,050.91[44]. - The company experienced a net cash decrease of ¥78,778,769.72 in cash and cash equivalents during the period[45]. Shareholder Information - The top shareholder, Chongqing Fuling State-owned Assets Investment and Operation Group, holds 39.65% of the shares, totaling 312,998,400 shares[6]. - The company did not engage in any repurchase transactions during the reporting period[8]. Research and Development - R&D expenses increased by 149.30% to ¥2,326,972.81, reflecting investments in the development of a new pickling machine prototype[10]. - Research and development expenses increased to ¥2,326,972.81 from ¥933,415.21, showing a growth of approximately 149.5%[36]. Inventory and Accounts Receivable - Accounts receivable increased by 1813.31% to ¥52,341,057.43 due to relaxed credit limits for certain customers to enhance new product sales and competitiveness[10]. - Inventory rose by 68.67% to ¥645,696,830.76 primarily due to increased raw material acquisitions[10]. - Inventory levels rose to CNY 645,696,830.76, up from CNY 382,821,548.88, reflecting an increase of approximately 68.8%[27]. Regulatory Approvals - The company received approval from the China Securities Regulatory Commission (CSRC) for its non-public offering of A-shares on January 13, 2021[17]. - The company held a temporary shareholders' meeting on December 30, 2020, to approve the non-public offering of A-shares[19]. - The CSRC accepted the company's application for the non-public offering on December 11, 2020[17]. - The company submitted its application for the non-public offering on September 18, 2020[19]. - The company adjusted its non-public offering plan during a board meeting on October 27, 2020[19]. - The company received a feedback notice from the CSRC regarding its application on October 12, 2020[19]. - The company terminated its previous non-public offering application on November 18, 2020[16]. - The company plans to proceed with the non-public offering within the validity period of the approval[17]. - The company obtained approval from the Chongqing State-owned Assets Supervision and Administration Commission for the non-public offering on September 7, 2020[19]. - The company disclosed its decision to withdraw the previous non-public offering application on November 19, 2020[16]. Other Financial Information - The company has no investment income this period, compared to ¥7,180,309.80 in the same period last year, indicating a shift away from bank wealth management products[11]. - There were no significant changes in the company's financial asset investments or derivative investments during the reporting period[22][23]. - The company reported no overdue commitments from major shareholders or related parties during the reporting period[26]. - The company did not engage in any entrusted wealth management activities during the reporting period[24]. - There were no violations regarding external guarantees during the reporting period[26]. - The company held an investor meeting on March 23, 2021, to discuss the non-public stock issuance with potential investors[26]. - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[48].

Financial Performance - The company's operating revenue for 2020 was ¥2,272,746,598.51, representing a 14.23% increase from ¥1,989,593,123.12 in 2019 [13]. - The net profit attributable to shareholders for 2020 was ¥777,105,782.58, up 28.42% from ¥605,141,874.33 in 2019 [13]. - The net profit after deducting non-recurring gains and losses was ¥758,766,769.73, a 34.72% increase compared to ¥563,230,018.77 in 2019 [13]. - The net cash flow from operating activities reached ¥939,075,963.61, an increase of 81.81% from ¥516,502,463.03 in 2019 [13]. - The total assets at the end of 2020 were ¥3,969,611,914.85, reflecting an 18.07% increase from ¥3,362,039,813.54 at the end of 2019 [13]. - The net assets attributable to shareholders increased by 18.82% to ¥3,411,459,905.45 at the end of 2020 from ¥2,871,161,295.17 at the end of 2019 [13]. - The company maintained a basic earnings per share of ¥0.98, which is a 27.27% increase from ¥0.77 in 2019 [13]. - The company's total revenue for the reporting period reached ¥1,986,683,869.27, with a gross profit margin of 58.62% [35]. - The main product, pickled mustard tuber, generated revenue of CNY 1,974,960,457.67, accounting for 86.90% of total revenue, with a year-on-year growth of 15.32% [45]. - The gross profit margin for the main product, pickled mustard, was 60.54%, showing a slight decrease of 0.72% compared to the previous year [35]. Market and Product Development - The company achieved global sales of 15 billion packages of its products [5]. - The company’s main products include a variety of pickled vegetables, with the "Wujiang" brand leading in market share and recognition [21]. - The company is focused on expanding its product range and enhancing its market presence in the competitive pickled vegetable industry [22]. - The product categories include 12 types, with a focus on enhancing brand awareness and market presence through targeted marketing strategies [34]. - The company is exploring the development of new product categories, including sauces, to diversify its product matrix and expand its market presence [76]. - The company has developed 37 new products, including various flavored pickled vegetables and sauces, to enhance future product offerings [57]. Strategic Initiatives - The company plans to expand its product line through mergers and acquisitions, aiming to become the absolute leader in the condiment industry [31]. - The company is focusing on e-commerce and international business development, with significant growth reported in its online sales channels [33]. - The company is advancing the "Green Intelligent Production Base" project to align with national sustainable development trends [33]. - The company is addressing raw material supply challenges by forming specialized cooperatives and integrating resources to ensure stable supply and price balance in the market [77]. - The company is committed to maintaining high food safety standards and continuously improving its quality management systems to mitigate food safety risks [79]. Financial Management and Investment - The company reported a contract liability of 114.15 million yuan for pre-collected customer product sales during the reporting period [28]. - The company has established a new subsidiary, Chongqing Daoshengheng International Trade Co., Ltd., with a registered capital of CNY 20 million, fully owned by the company [53]. - The company is currently investing in multiple projects, including a 16,000 tons/year pickled vegetable production line, with a total investment of ¥80,331,020.33 for the reporting period [64]. - The company has engaged in financial management activities, with a total of 120 million yuan in entrusted financial products, including 100 million yuan in bank wealth management products and 20 million yuan in brokerage wealth management products [121]. - The company has invested 65 million yuan in structured deposits with Shanghai Pudong Development Bank, with an expected annualized return rate of 1.10% to 4.15% [122]. Corporate Governance and Compliance - The company has established a robust governance structure, including a board of directors and supervisory board, in compliance with relevant laws and regulations [189]. - The company has committed to not interfere with the management activities of the company and will compensate for any losses caused by violations of this commitment [100]. - The company has pledged not to utilize its shareholder status to harm the legitimate interests of other shareholders [93]. - The company has a structured remuneration system for its directors and senior management based on performance and responsibilities, ensuring alignment with company goals [176]. - The company has maintained a transparent information disclosure system to enhance communication with stakeholders [186]. Risk Management - The company faces risks related to raw material shortages and price fluctuations, which could impact operational performance, and is implementing strategies to enhance raw material storage and procurement capabilities [78]. - The company has established a comprehensive environmental monitoring system, with daily testing of wastewater discharge parameters such as COD and ammonia nitrogen [135]. - The company has a stable cash dividend policy, revising its cash dividend plan every three years based on operational performance [125]. Community Engagement and Sustainability - The company has actively engaged in disaster relief during the 2020 pandemic, providing food donations and encouraging employee contributions [127]. - The company has committed to purchasing green cabbage at a guaranteed price of 800 RMB per ton before the lunar rain season to ensure farmers' income [128]. - The company has adjusted its raw material procurement model to support poverty alleviation, benefiting local farmers and laborers [129].

证券代码：002507 证券简称：涪陵榨菜 公告编号：2020-074 重庆市涪陵榨菜集团股份有限公司 关于参加重庆辖区 2020 年投资者 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内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步做好投资者关系管理工作，增强与广大投资者的互动交流，重庆市 涪陵榨菜集团股份有限公司（以下简称"公司"）将参加由重庆上市公司协会联 合深圳市全景网络有限公司举办的"重庆辖区2020年投资者网上集体接待日活 动"（以下简称"本次活动"），本次活动将于2020年11月26日（星期四）下午 15:00-16:30 举行，投资者可以登录全景网（http://www.p5w.net）进入本公司 互动平台参与互动交流。 公司出席本次活动的人员有：董事、总经理赵平先生，董事、董事会秘书兼 财务负责人韦永生先生。届时，公司将就公司治理、经营状况、可持续发展等投 资者所关心问题，与投资者进行"一对多"形式的在线沟通和交流。欢迎广大投 资者踊跃参与。 特此公告。 重庆市涪陵榨菜集团股份有限公司 董事会 2020 年 11 月 24 日 ...

Financial Performance - Operating revenue for the period was ¥600,767,980.66, reflecting a year-on-year growth of 15.88%[4] - Net profit attributable to shareholders was ¥209,249,652.90, representing a 3.01% increase compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥206,700,666.99, up by 3.79% year-on-year[4] - Basic earnings per share were ¥0.27, an increase of 3.85% year-on-year[4] - Total operating revenue for the third quarter reached CNY 600,767,980.66, an increase of 15.85% compared to CNY 518,426,697.55 in the same period last year[38] - Net profit for the quarter was CNY 209,249,652.90, representing a 3.09% increase from CNY 203,139,942.50 in the previous year[40] - Total operating revenue for the period reached ¥1,798,341,682.27, an increase from ¥1,604,378,805.53 in the previous period, representing a growth of approximately 12.1%[43] - Net profit for the period was ¥613,606,691.16, up from ¥517,962,784.70 in the previous period, indicating a growth of approximately 18.4%[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,814,537,918.84, an increase of 13.46% compared to the end of the previous year[4] - The total liabilities of the company were CNY 566,577,104.81, compared to CNY 490,878,518.37 at the end of 2019, marking an increase of approximately 15.4%[32] - The total current liabilities increased to CNY 464,270,463.99 from CNY 385,190,309.43, reflecting a growth of approximately 20.6%[32] - Cash and cash equivalents increased by 43.05% to ¥1,367,216,400.40 due to increased sales receipts during the reporting period[12] - Cash and cash equivalents at the end of the period reached CNY 1,339,356,869.26, compared to CNY 650,255,864.33 at the end of the same quarter last year, showing an increase of approximately 105.73%[51] Cash Flow - Net cash flow from operating activities amounted to ¥236,119,236.08, showing a significant increase of 10.40% compared to the previous year[4] - Operating cash flow net amount increased by 59.14% to ¥701,829,854.17, driven by higher sales receipts while raw material purchase payments remained stable[13] - Cash flow from operating activities increased to CNY 701,829,854.17, up from CNY 441,024,716.71 in the same quarter last year, marking an increase of approximately 58.93%[50] - The net cash flow from operating activities for the period was CNY 743,929,847.75, an increase of 94.9% compared to CNY 381,804,595.04 in the previous period[52] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,889, with the top ten shareholders holding 39.65% of the shares[7] - The largest shareholder, Chongqing Fuling State-owned Assets Investment Group Co., Ltd., held 312,998,400 shares, accounting for 39.65% of the total shares[7] Investment and Financial Management - The company has a total of 120 million yuan in entrusted financial management, with 100 million yuan in bank financial products and 20 million yuan in broker financial products[22] - The company reported a return of 162.86 million yuan from its entrusted financial management during the reporting period[23] - The company plans to continue its entrusted financial management based on operational conditions[23] - The company has not engaged in any securities or derivative investments during the reporting period[20][21] Operational Highlights - Accounts receivable surged by 9949.73% to ¥38,799,705.79 as the company relaxed credit limits for certain customers to boost new product sales and competitiveness[12] - Prepayments rose by 657.00% to ¥42,419,724.95 primarily due to increased advance payments for strategic consulting services and raw material purchases[12] - The company reported a significant increase in employee compensation liabilities, which rose to CNY 38,473,602.97 from CNY 30,562,223.19, a growth of approximately 25.5%[32] - Research and development expenses were CNY 3,808,022.43, slightly down from CNY 3,847,709.09, indicating stable investment in innovation[39] Regulatory and Compliance - The company signed a management agreement with its controlling shareholder to manage a subsidiary responsible for establishing a professional cooperative in the pickled vegetable industry[14] - The company plans to issue non-public A-shares, with approval from the local state-owned assets supervision authority obtained on September 7, 2020[17] - The company submitted an application for a non-public stock issuance to the China Securities Regulatory Commission (CSRC) on September 18, 2020, which was accepted on September 23, 2020[18] - The company received feedback from the CSRC regarding the non-public stock issuance application on October 12, 2020[18] - The company has no overdue or unfulfilled commitments from actual controllers, shareholders, or related parties during the reporting period[19] - There are no violations regarding external guarantees during the reporting period[24] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[44]

Financial Performance - The company's operating revenue for the reporting period was CNY 1,197,573,701.61, representing a 10.28% increase compared to CNY 1,085,952,107.98 in the same period last year[11]. - The net profit attributable to shareholders was CNY 404,357,038.26, up 28.44% from CNY 314,822,842.20 year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 394,441,751.75, reflecting a 26.42% increase from CNY 312,004,712.45 in the previous year[11]. - The net cash flow from operating activities reached CNY 465,710,618.09, a significant increase of 105.03% compared to CNY 227,139,911.97 in the same period last year[11]. - Basic earnings per share were CNY 0.51, an increase of 27.50% from CNY 0.40 in the previous year[11]. - The gross profit margin for the food processing segment was 57.41%, with operating revenue increasing by 10.31% and operating costs increasing by 13.49% year-on-year[31]. - The total profit for the first half of 2020 was CNY 474,792,999.11, compared to CNY 370,822,164.30 in the first half of 2019, marking a 28.1% increase[94]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 3,628,294,464.80, a 7.92% increase from CNY 3,362,039,813.54 at the end of the previous year[11]. - The net assets attributable to shareholders were CNY 3,038,711,161.13, up 5.84% from CNY 2,871,161,295.17 at the end of the previous year[11]. - The company's total liabilities increased to RMB 589,583,303.67 from RMB 490,878,518.37, which is an increase of approximately 20.1%[87]. - The company's current liabilities amounted to RMB 486,281,467.44, up from RMB 385,190,309.43, indicating an increase of about 26.2%[87]. Cash Flow - The company's cash and cash equivalents increased by ¥302,042,148.67, a significant turnaround from a decrease of ¥908,915,590.45 in the previous year[28]. - The cash inflow from sales of goods and services was CNY 1,169,534,541.22, up from CNY 931,987,610.02 in the previous period, indicating a growth of approximately 25.5%[102]. - The cash paid to employees increased to CNY 123,295,661.70 from CNY 113,413,275.51, marking an increase of approximately 8.3%[100]. Market Position and Strategy - The company maintains a leading position in the pickled vegetable industry, with its main products including pickled mustard tuber, radish, and pickled cabbage, which are essential for enhancing meal flavors and have a strong consumer base[16]. - The company has established a sales network covering 34 provinces and municipalities, with over 1,600 loyal first-level distributors[21]. - The company has successfully navigated challenges posed by macroeconomic downturns and the COVID-19 pandemic, achieving both revenue and profit growth through strategic adjustments[16]. - The company is focusing on brand promotion through various marketing activities, including online live streaming sales[24]. Research and Development - The company has set up a research and development institution recognized as a national center for pickled vegetable processing technology, collaborating with several universities and research institutes[20]. - Research and development investment increased by 9.78% to ¥11,048,114.29 from ¥10,064,298.52 in the previous year[28]. - The company has implemented modern food engineering technologies, achieving automation in production processes, which enhances product quality and safety[19]. Environmental and Social Responsibility - The company has established a protective price mechanism for purchasing green cabbage heads, ensuring farmers' interests are safeguarded[59]. - The company continues to promote industrial poverty alleviation through cooperation with professional cooperatives[60]. - The company has not experienced any major litigation or arbitration matters during the reporting period[48]. Shareholder Information - The total number of shares before the change was 789,357,241, with 1.50% being restricted shares and 98.50% being unrestricted shares[65]. - The largest shareholder, Chongqing Fuling State-owned Assets Investment Group, holds 312,998,400 shares, representing 39.65% of the total[68]. - The total number of shareholders at the end of the reporting period was 35,157[68]. Accounting Policies - The company's financial statements are prepared on a going concern basis, indicating no significant doubts about its ability to continue operations for the next 12 months[115]. - The company uses Renminbi as its functional currency for accounting purposes[120]. - The company recognizes revenue at the point when the customer gains control of the goods or services, which includes criteria such as receipt of payment and transfer of ownership[169].

重庆市涪陵榨菜集团股份有限公司 2020 年第一季度报告全文 中 国 好 唉 道 重庆市涪陵榨菜集团股份有限公司 2020 年第一季度报告全文 (公告编号: 2020-017 ) l 重庆市涪陵榨菜集团股份有限公司 2020 年第一季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周斌全、主管会计工作负责人韦永生及会计机构负责人(会计主 管人员)韦永生声明：保证季度报告中财务报表的真实、准确、完整。 2 重庆市涪陵榨菜集团股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------- ...

Financial Performance - The company's operating revenue for 2019 was ¥1,989,593,123.12, representing a 3.93% increase compared to ¥1,914,353,929.10 in 2018[11]. - The net profit attributable to shareholders for 2019 was ¥605,141,874.33, a decrease of 8.55% from ¥661,719,638.12 in 2018[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥563,230,018.77, down 11.75% from ¥638,251,520.17 in 2018[11]. - The net cash flow from operating activities for 2019 was ¥516,502,463.03, a decline of 7.67% compared to ¥559,381,764.69 in 2018[11]. - The basic earnings per share for 2019 was ¥0.77, down 8.33% from ¥0.84 in 2018[11]. - The total assets at the end of 2019 were ¥3,362,039,813.54, an increase of 12.88% from ¥2,978,351,468.91 at the end of 2018[11]. - The net assets attributable to shareholders at the end of 2019 were ¥2,871,161,295.17, up 16.18% from ¥2,471,252,303.50 at the end of 2018[11]. - The weighted average return on net assets for 2019 was 22.65%, a decrease of 7.43% from 30.08% in 2018[11]. - The company reported a total of ¥41,911,855.56 in non-recurring gains for 2019, compared to ¥23,468,117.95 in 2018[16]. - The company reported a total profit of CNY 712,322,547.79 for 2019, down from CNY 778,492,346.45 in 2018, a decrease of approximately 8.5%[180]. Dividend Distribution - The company reported a profit distribution plan based on a base of 789,357,241 shares, proposing a cash dividend of 3.00 CNY per 10 shares (including tax) and no bonus shares[3]. - The company distributed cash dividends of RMB 236,807,172.30 in 2019, accounting for 39.13% of the net profit attributable to ordinary shareholders[68]. - In 2018, the cash dividends amounted to RMB 205,232,882.66, representing 31.02% of the net profit attributable to ordinary shareholders[68]. - The company plans to distribute cash dividends of RMB 3.00 per 10 shares for the year 2019, totaling RMB 23,680,717.23[67]. - The total distributable profit for the period was 1,363,870,717.38 CNY[69]. Operational Risks and Challenges - The company faces operational risks due to potential shortages or price fluctuations of raw materials, primarily sourced from local specialty agricultural products[1]. - The company emphasizes the importance of food safety, noting that any incidents could significantly impact its operations and reputation[3]. - The company has faced risks related to new project investments and is taking measures to boost product sales and market expansion[63]. - The company faces challenges such as rising raw material costs and intense competition characterized by low pricing, which has led to low industry profit margins[55]. Market Position and Strategy - The company is the largest producer of pickled vegetables in China, with a leading market share in products like pickled mustard tuber and radish, contributing to stable profitability[17]. - The company plans to increase its merger and acquisition efforts to enhance its competitive advantage, although the success of these integrations remains uncertain[3]. - The company has implemented a channel innovation strategy to adapt to market changes, resulting in increased sales expenses and a decline in net profit year-on-year[18]. - The company is focusing on international market expansion, achieving steady growth in export business[25]. - The company aims to expand its product categories from pickled vegetables to include radishes, pickles, and sauces, leveraging its strengths in the condiment market[56]. Research and Development - The company has established a research institute for product technology innovation, recognized as a national center for pickled vegetable processing technology[22]. - The company’s R&D expenses increased by 944.76% to ¥10,077,712.03, driven by investments in automation equipment and new product development[37]. - R&D investment amounted to ¥25,962,178.60, representing 1.30% of operating revenue, up from 1.18% in the previous year[39]. - The company is conducting research on new processes for salt removal and automatic skin removal for mustard, with initial prototypes developed[38]. Environmental and Social Responsibility - The company has invested in environmental protection, ensuring that wastewater treatment facilities meet the new discharge standards, with no instances of exceeding discharge limits reported[100]. - The company has installed online monitoring equipment for wastewater discharge, collecting data every two hours and ensuring compliance with environmental regulations[103]. - The company has made significant contributions to local economic and social development through its operations, benefiting farmers and creating job opportunities[95]. - The company has established a raw material purchase protection price strategy, agreeing to purchase the raw materials at a price of 800 RMB/ton before the rainy season, ensuring farmers' income[97]. Governance and Compliance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report, taking legal responsibility for its content[1]. - The company has a strong governance structure with independent directors ensuring oversight and accountability[126]. - The company has established a protective pricing strategy for raw material procurement to support farmers and enhance their planting motivation[140]. - The company has not engaged in any illegal occupation of funds or assets during the reporting period[74]. Shareholder Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002507, with a focus on the production of pickled vegetables[7]. - The largest shareholder, Chongqing Fuling State-owned Assets Investment Group Co., Ltd., holds 39.65% of the shares, totaling 312,998,400[113]. - The company’s total share capital remains unchanged at 789,357,241 shares[108]. - The company has not engaged in any repurchase transactions during the reporting period[114]. Employee and Management Structure - The total number of employees in the company is 2,607, with 1,822 in production, 501 in sales, 150 in technical roles, 49 in finance, and 85 in administration[135]. - The company has established a performance-based salary system, ensuring that total wages do not exceed the growth rate of economic benefits or labor productivity[136]. - The company has a training plan that includes long-term, annual, and monthly training schedules, focusing on various training types[137]. - The average age of the board members is approximately 52 years, indicating a mature leadership team[125].

证券代码：002507 证券简称：涪陵榨菜 公告编号：2019-047 重庆市涪陵榨菜集团股份有限公司 关于参加重庆辖区 2019 年投资者 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内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步做好投资者关系管理工作，提高公司规范运作水平，重庆市涪陵榨 菜集团股份有限公司（以下简称"公司"）将参加由重庆上市公司协会联合上证 所信息网络有限公司、深圳市全景网络有限公司举办的"重庆辖区上市公司2019 年投资者网上集体接待日活动"。本次活动将于2019年11月6日（星期三）15:00～ 17:00举行，投资者可登陆"全景·路演天下"（http://rs.p5w.net）进入本公 司互动平台参与交流。 届时，公司董秘及相关人员将参与本次活动，通过网络在线交流形式，就投 资者所关心的问题，与投资者进行"一对多"形式的在线沟通。欢迎广大投资者 踊跃参与。 特此公告。 重庆市涪陵榨菜集团股份有限公司 董事会 2019 年 11 月 2 日 ...