加加食品集团股份有限公司 2023 年第一季度报告 证券代码：002650 证券简称：加加食品 公告编号：2023－021 加加食品集团股份有限公司 2023 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审计 □是 否 1 加加食品集团股份有限公司 2023 年第一季度报告 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） | 434,856,845.02 | 515,299,821.42 | -15.61% | | 归属于上市公司股 ...

Financial Performance - The total revenue for 2022 was ¥1,686,107,669.16, representing a decrease of 3.91% compared to ¥1,754,683,993.13 in 2021[23]. - The net profit attributable to shareholders was -¥79,631,657.78, showing a slight improvement of 0.66% from -¥80,163,857.75 in the previous year[23]. - The net cash flow from operating activities significantly dropped by 91.47% to ¥22,955,849.14 from ¥268,996,883.87 in 2021[23]. - The total assets at the end of 2022 were ¥2,775,078,291.60, down 8.16% from ¥3,021,738,752.66 at the end of 2021[23]. - The net assets attributable to shareholders decreased by 13.02% to ¥2,304,717,961.01 from ¥2,649,602,837.14 in 2021[23]. - The basic and diluted earnings per share remained at -¥0.070, unchanged from the previous year[23]. - The weighted average return on equity was -3.16%, slightly lower than -3.08% in 2021[23]. - The company reported a significant decrease in revenue after deducting non-operating income, with the adjusted revenue at ¥1,648,287,831.54 for 2022[23]. Operational Challenges - The company experienced a decline in sales revenue due to economic downturn and the impact of new retail channels on traditional sales[37]. - The cost of raw materials remained high, leading to increased procurement and logistics pressures, which contributed to a decrease in overall gross margin[37]. - The stock option incentive plan implemented during the reporting period incurred expenses of CNY 21,489,400, further impacting profits[37]. - The company acknowledges uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[23]. Strategic Initiatives - In 2023, the company plans to accelerate market transformation and explore new markets and models, focusing on high-margin products and new retail business[38]. - The company aims to enhance operational capabilities through refined management and cost reduction strategies to improve market share and profitability[38]. - The company is committed to promoting health-oriented products, including low-salt and zero-additive series, to meet consumer demand[34]. - The company will continue to adapt its product structure and strengthen management to address rising costs and enhance overall operational efficiency[38]. Revenue Breakdown - The total operating revenue for the reporting period was CNY 1,686,107,669.16, a decrease of 3.91% compared to the previous year[37]. - The revenue from the distribution model was CNY 1.625 billion, down 5.54% year-on-year, while the direct sales model saw a significant increase of 79.29% to CNY 60.6 million[48]. - Soy sauce products generated revenue of CNY 871.3 million, with a gross margin of 26.31%, reflecting a 1.23% increase in revenue year-on-year[49]. - The revenue from the seasoning products segment was CNY 1.194 billion, accounting for 70.81% of total revenue, with a year-on-year increase of 0.20%[65]. - The revenue from edible plant oil decreased by 19.21% to CNY 444.87 million, representing 26.38% of total revenue[65]. Cost Management - Total operating costs decreased by 5.23% from 1,397,273,186.23 CNY in 2021 to 1,324,232,190.12 CNY in 2022[55]. - The main raw material cost for the seasoning category was 673,143,747.30 CNY, accounting for 76.16% of the total operating costs in 2022[55]. - The company’s manufacturing costs for the seasoning category increased by 8.07% year-on-year, from 104,617,462.52 CNY in 2021 to 113,064,300.30 CNY in 2022[55]. - The company’s raw material costs for edible vegetable oil decreased by 20.80% year-on-year, from 498,845,443.58 CNY in 2021 to 395,106,881.49 CNY in 2022[57]. Research and Development - The company’s R&D center is recognized as a provincial-level enterprise technology center, focusing on innovative fermentation processes to improve product quality[59]. - The company is focusing on developing new fermentation technologies for soy sauce, aiming to optimize production processes and reduce costs[83]. - R&D projects include the development of high-salt-tolerant lactic acid bacteria for soy sauce production, which is expected to fill a domestic market gap[83]. - The company’s R&D investment decreased by 12.02% to ¥23,647,418.92 in 2022 from ¥26,877,339.96 in 2021, representing 1.40% of total revenue[85]. Environmental Compliance - The company strictly adheres to environmental protection laws and standards, ensuring compliance with pollutant discharge permits and total emission control requirements[183]. - The company has implemented a comprehensive pollution control strategy, achieving a 100% pass rate for environmental acceptance inspections[186]. - The wastewater treatment compliance rate for 2022 was 100%, with all environmental facilities operating safely and effectively[198]. - The company received no administrative penalties related to environmental issues during the reporting period, maintaining a zero-complaint record for environmental governance[193]. Governance and Management - The company has established a fair and transparent performance evaluation system for employees, directors, and senior management, enhancing motivation[125]. - The company emphasizes investor relations management, with the chairman as the primary responsible person and the board secretary overseeing the management[126]. - The company has a clear governance structure with a mix of executive and independent directors ensuring balanced oversight[133]. - The company is committed to maintaining transparency and accountability in its operations and governance practices[132]. Employee Engagement - The total number of employees at the end of the reporting period is 1,534, with 592 in the parent company and 942 in major subsidiaries[153]. - The employee training rate is 100%, with a comprehensive annual training plan in place to enhance overall employee quality[155]. - The company has implemented a comprehensive salary structure optimization, including special incentives and performance assessment plans[154]. Investor Relations - The company engaged in multiple investor communications, including a conference call on May 17, 2022, to discuss the 2021 annual performance, addressing common investor concerns[116]. - The company is actively engaging with a diverse range of institutional investors, including securities firms and asset management companies, to discuss its strategic direction[116]. - The company has not reported any major undisclosed information during its investor interactions, indicating a focus on compliance and transparency[115].

Company Overview - Jiajia Food Group Co., Ltd. was established in 1996 and listed on the Shenzhen Stock Exchange in January 2012, recognized as the first listed company in its locality and dubbed "China's Soy Sauce First Stock" [1]. - The company focuses on the production and sales of soy sauce, vegetable oil, vinegar, chicken essence, oyster sauce, cooking wine, and monosodium glutamate, with its core products being "Jiajia" soy sauce and "Pan Zhong Can" vegetable oil [1]. Recent Business Performance - As of January 31, 2023, the company announced a decline in overall revenue due to the ongoing impact of the pandemic and the disruption of traditional sales channels by new retail channels, leading to a reduction in sales income from traditional channels [2]. - The continuous high prices of raw materials have increased procurement and logistics pressures, resulting in a decrease in overall gross profit margin [2]. Strategic Adjustments for 2023 - The company plans to promote high-margin products and strengthen the sales of low-salt and zero-additive mid-to-high-end product lines [2]. - It aims to explore new markets and models, deepen its presence in the catering channel, and enhance its new retail business while maintaining a dual online and offline approach [2]. - To alleviate cost pressures, the company will implement refined management practices, optimize product structure, and enhance the management and incentives for business personnel [2]. Product Development - The zero-additive product line includes items with 0% added sugar, 0% added genetically modified defatted soybeans, 0% added preservatives, and 0% added flavoring agents, targeting the health-conscious market [2]. - The company is focusing on high-margin products and plans to enhance the design and market acceptance of its zero-additive series [2]. Sales and Marketing Strategy - The marketing strategy for 2023 includes segmenting and positioning high-margin products, promoting low-salt and zero-additive products, and stabilizing traditional channels while breaking into emerging channels [2]. - The company has refined its sales personnel evaluation criteria, focusing on financial, management, process, and execution indicators to enhance control and motivation [2]. Cost Management - The company is addressing cost pressures by shifting product focus towards high-margin items, controlling raw material costs, and enhancing digital procurement processes [4]. - It aims to improve production efficiency and reduce energy consumption to uncover cost benefits [4]. New Retail Initiatives - The company is innovating new business models and partnerships in its new retail channels, currently selling on platforms like Tmall, JD.com, and Douyin [5]. - The sales channels primarily rely on traditional distributors, with a focus on expanding into the new retail and catering sectors [6].

Group 1: Company Overview and Financial Performance - The company, 加加食品, provided a brief overview of its operational performance in the first half of 2014 [1] - As of the end of June 2014, the sales revenue for the "原酿造" soy sauce product reached nearly 10 million yuan [2] Group 2: Product Development and Market Strategy - The "原酿造" soy sauce series is a high-quality product with a fermentation period expected to extend to 12 months, priced around 25 yuan [2] - The mid-to-high-end "原酿造" soy sauce, with a 6-month fermentation cycle, aims to promote soy sauce consumption into the 10 yuan era [2] - The company has focused on promoting the "原酿造" soy sauce through its top 300 distributors to establish model markets [2] Group 3: Product Classification and Sales Proportions - The sales ratio of light soy sauce products is slightly higher than that of dark soy sauce, with ongoing adjustments to product tiers to enhance profitability [3] - The company anticipates that the proportion of light and dark soy sauce will continue to evolve as it promotes the "淡酱油" strategy [3] Group 4: Future Prospects and Strategic Planning - The tea seed oil project is expected to commence production by the end of December 2014, with a focus on market cultivation and channel development [4] - The company aims to refine its tea seed oil offerings and compete with larger edible oil enterprises by emphasizing high-quality products and services [4] - The tea seed oil project is seen as a significant strategic initiative for the company's plant oil industry development, with a projected rapid growth in the next 3-5 years [4]