证券代码：003030 证券简称：祖名股份 祖名豆制品股份有限公司投资者关系活动记录表 编号：2021-003 | --- | --- | --- | |-------------------------|----------------------------------|--------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | | □媒体采访 | √业绩说明会 | | 投资者关系活动 | □新闻发布会 □路演活动 | | | 类别 | □现场参观 | | | | □其他 （ ） | | | 参与单位名称及 人员姓名 | 线上投资者 | | | 时间 2021 | 年 5 月 10 日 | 15:00-16:30 | | 地点 | 约调研"祖名股份投资者关系"小程序 | | | 上市公司接待人 | 董事长兼总经理：蔡祖明先生； | | | 员姓名 | 独立董事：丁志军先生； | 副总经理、董事会秘书兼财务总监：高锋先生； | | | | 第一创业证券承销保荐有限责任公司保荐代表人：付林先生 | | | ...

编号：2021-004 证券代码：003030 证券简称：祖名股份 祖名豆制品股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------|--------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系活动 | □新闻发布会 □路演活动 | | | 类别 | □现场参观 | | | | √其他 （业绩交流会） | | | 参与单位名称及 人员姓名 | 西南证券 | | | 时间 2021 | 年 8 月 23 日 | 10:00-11:00 | | | 地点 公司会议室（线上电话会议） | | | 上市公司接待人 员姓名 | 副总经理、董事会秘书兼财务总监：高锋先生 | | | | 一、公司 2021 | 年上半年基本情况介绍 | | | 公司 2021 | 年上半年实现营业收入 6.18 ...

证券代码：003030 证券简称：祖名股份 祖名豆制品股份有限公司投资者关系活动记录表 编号：2021-005 | --- | --- | --- | |----------------|------------------------------------------|----------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系活动 | □新闻发布会 □路演活动 | | | 类别 | □现场参观 | | | | √其他 （业绩交流会） | | | 参与单位名称及 | 西南证券； | | | 人员姓名 | 民生证券 | | | 时间 2021 | 年 10 月 28 日 | 10:00-11:00 ； | | | 2021 年 10 月 28 日 | 15:00-16:00 | | | 地点 公司会议室（线上电话会议） | | | 上市公司接待人 | 副总经理、董事会秘书兼财务总监：高锋先生 | | | 员姓名 | | | | | ...

证券代码：003030 证券简称：祖名股份 祖名豆制品股份有限公司投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | --- | |----------------|---------------------------------------------------|----------------------------------------------------------------------------|--------------------|----------| | | | | | | | 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 | （请文字说明其他活动内容） | | | | 参与单位名称及 | 东海证券 | 曹科峰、徐鸣等；上海磐鹰私募基金 | 徐争辉等；海 | | | 人员姓名 | 南陆和私募基金 | 张晓伟等；中盛晨嘉私募证券基金 | | 戴维；浙 | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 727,035,926.41, representing a 17.73% increase compared to RMB 617,554,762.21 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 26.62% to RMB 23,132,723.55 from RMB 31,523,382.65 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was RMB 21,963,651.61, down 28.97% from RMB 30,922,330.28 in the previous year[23]. - The net cash flow from operating activities was RMB 25,094,168.62, a decline of 30.94% compared to RMB 36,338,730.43 in the same period last year[23]. - Basic and diluted earnings per share were both RMB 0.19, down 24.00% from RMB 0.25 in the previous year[23]. - The gross profit margin decreased to 24.83%, down by 12.08% from the previous year, with the cost of sales increasing by 23.32% to ¥546,509,964.52[76]. - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a year-on-year increase of 15%[136]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-over-year increase of 15%[138]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,637,310,596.09, a decrease of 3.31% from RMB 1,693,385,300.92 at the end of the previous year[23]. - The company's current assets decreased to CNY 642,953,771.50 from CNY 741,636,667.19, reflecting a decline of approximately 13.25%[192]. - Total liabilities decreased to CNY 616,204,686.30 from CNY 677,185,114.68, a decline of about 9.0%[194]. - The company's total equity increased slightly to CNY 1,021,105,909.79 from CNY 1,016,200,186.24, reflecting a growth of about 0.39%[194]. Market and Industry Insights - The company operates in the soybean product manufacturing industry, focusing on research, production, and sales of over 400 types of products, including fresh soybean products, plant protein drinks, and snack soybean products[39]. - In 2021, the total market size of the soybean product industry in China exceeded 166.2 billion yuan, growing over 16% compared to 2020, with the top 50 enterprises using approximately 1.85 million tons of soybeans[35]. - The soybean product industry in China is characterized by stable demand, with consumption patterns showing resilience against economic fluctuations[37]. Product Development and Innovation - The company is focusing on product innovation, launching new items such as steamed tofu and fermented plant protein drinks, while also enhancing existing product quality and packaging[46]. - The company has invested in advanced automated production lines, including multiple fully automated tofu production lines, improving production efficiency and product quality[70]. - The company has introduced two new product lines, which are projected to contribute an additional 100 million RMB in revenue over the next year[136]. Marketing and Sales Strategy - The company has established a multi-channel online sales strategy, including traditional e-commerce platforms like Tmall and JD, as well as social media channels like Douyin and Kuaishou[53]. - The company is committed to health-oriented marketing, promoting high-fiber, low-sugar products in line with consumer trends[46]. - The company plans to strengthen market research and channel development to enhance brand awareness and increase product sales, targeting both mass and high-end markets[108]. Sustainability and Environmental Initiatives - The company has developed recycling technologies for by-products, such as using dried soybean residue for cat litter, reducing environmental impact[128]. - The company has a wastewater treatment facility with a design capacity of 2,500 tons per day, achieving the tertiary standard for wastewater discharge[117]. - The management highlighted a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[138]. Risks and Challenges - The company faces risks related to fluctuations in soybean prices, which significantly impact production costs and profitability[105]. - The company has implemented a series of measures in raw material procurement, including signing contracts with suppliers to lock in low soybean prices, enhancing cost control capabilities[106]. Future Outlook - The company expects a revenue growth forecast of 10% for the second half of 2022, driven by new product launches and market expansion strategies[137]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[138]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and distribution channels, expected to be finalized by Q4 2022[136].

Financial Performance - The company's revenue for Q1 2022 was CNY 337,212,031.79, representing an increase of 11.07% compared to CNY 303,600,253.43 in the same period last year[3] - The net profit attributable to shareholders decreased by 37.10% to CNY 7,761,312.29 from CNY 12,339,367.45 year-on-year[3] - The basic and diluted earnings per share both fell by 40.00% to CNY 0.06 from CNY 0.10 in the same period last year[3] - The company reported a decrease in net profit excluding non-recurring gains and losses by 40.33% to CNY 7,157,575.22 compared to CNY 11,994,689.61 in the previous year[3] - Net profit for Q1 2022 was CNY 7,761,312.29, a decrease of 37.0% from CNY 12,339,367.45 in Q1 2021[18] - The total comprehensive income attributable to the parent company was CNY 7,761,312.29, down from CNY 12,339,367.45 in Q1 2021, reflecting a decline of approximately 37.5%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -9,138,782.42, a decline of 298.22% compared to CNY 4,610,315.34 in the previous year[3] - Cash inflow from operating activities totaled CNY 350,805,534.42, compared to CNY 329,752,052.70 in Q1 2021, reflecting an increase of about 6.3%[21] - The net cash flow from financing activities was CNY -34,615,575.78, an improvement compared to CNY -65,687,699.93 in the same quarter last year[22] - The ending cash and cash equivalents balance was CNY 384,394,069.05, up from CNY 256,846,109.40 at the end of Q1 2021, indicating an increase of about 49.5%[22] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 384,394,069.05, down from CNY 464,375,452.78 at the beginning of the year[14] Investment and Expansion - The company plans to invest CNY 300 million in a new production base for soybean products in Wuhan, focusing on fresh soybean products, plant protein drinks, and other related products[10] - The company plans to invest up to CNY 50 million in Taiyuan Jindadou Food Co., Ltd. through equity investment[12] - The company completed the registration of its subsidiary, Wuhan Zunming Soybean Products Co., Ltd., to implement the new production base project[11] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,695,725,691.98, a slight increase of 0.14% from CNY 1,693,385,300.92 at the end of the previous year[3] - Total liabilities decreased to CNY 671,764,193.45 from CNY 677,185,114.68, a reduction of 0.6%[16] - Accounts receivable increased to CNY 160,720,363.05 from CNY 141,587,096.07, reflecting a growth of 13.9%[14] - Inventory at the end of Q1 2022 was CNY 84,718,980.26, an increase of 9.3% compared to CNY 77,367,093.10 at the beginning of the year[14] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 327,868,356.32, up 14.3% from CNY 287,071,244.23 in the same period last year[18] - Research and development expenses for Q1 2022 were CNY 1,936,500.78, down from CNY 2,362,753.98 in the previous year, indicating a decrease of 18.0%[18] Government Support - The company received government subsidies amounting to CNY 987,499.97 during the reporting period[5] Audit Status - The company did not undergo an audit for the Q1 2022 report[23]

Financial Performance - The company's operating revenue for 2021 was ¥1,337,203,545.73, representing a 9.14% increase compared to ¥1,225,173,705.54 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥55,719,962.21, a decrease of 44.83% from ¥100,989,865.46 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,228,936.77, down 42.57% from ¥94,421,168.99 in 2020[6]. - The net cash flow from operating activities for 2021 was ¥125,478,760.93, a decline of 32.01% compared to ¥184,545,501.55 in 2020[6]. - The basic earnings per share for 2021 was ¥0.45, a decrease of 58.33% from ¥1.08 in 2020[6]. - The total assets at the end of 2021 were ¥1,693,385,300.92, an increase of 7.28% from ¥1,578,533,115.30 at the end of 2020[6]. - The company's weighted average return on equity for 2021 was 5.56%, down 13.12% from 18.68% in 2020[6]. - The company reported a total of ¥4,959,897.05 in government subsidies for 2021, compared to ¥12,430,857.16 in 2020[26]. - The company achieved a total revenue of CNY 1,337.20 million, representing a year-on-year growth of 9.14%[63]. - The net profit attributable to shareholders for 2021 was CNY 55.72 million, a decrease of 44.83% compared to the previous year[63]. Business Operations - The company operates in the "Agricultural and Sideline Food Processing" industry, specifically in the "Soy Products Manufacturing" sector[30]. - The company has no changes in its main business since its listing, nor any changes in its controlling shareholders[19]. - The company has established strong partnerships with major retailers and food service providers, enhancing its market presence[39]. - The company operates a cold chain logistics system with over 250 refrigerated trucks, covering more than 95% of its fresh soybean product customers[56]. - The company has developed over 400 product varieties, including fresh soybean products, plant protein beverages, and leisure soybean products[60]. - The company has implemented a digital management platform that integrates finance, supply chain, and production, enhancing operational efficiency[57]. - The company has established a stable sales network covering major retail and restaurant chains, enhancing market penetration[55]. Product Development and Innovation - The company launched new product lines in 2021, including the "Mai" series tofu and organic products made from Northeast organic soybeans[40]. - The company is actively exploring new product development, including steamed tofu and fermented plant protein drinks[41]. - The company focused on product innovation, launching over 20 new products and optimizing existing recipes and processes[68]. - The company plans to develop a new bottled soy milk product line to enhance its plant-based beverage offerings[86]. - The company applied for 5 invention patents and 9 utility model patents in 2021, bringing the total to 19 invention patents and 52 utility model patents[62]. Market Trends and Competition - The demand for high-end soybean products is increasing, driven by consumers' desire for higher quality and professional consumption experiences[32]. - The soybean product market is characterized by low price volatility and stable demand, indicating a lack of significant cyclical trends[35]. - The company is facing intensified market competition but has expanded its sales scale and gained a strong market position in the Yangtze River Delta region[122]. - The company is exploring mergers and acquisitions to achieve nationwide expansion and strengthen its competitive advantage through advanced production equipment and new product development[123]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report, highlighting potential operational risks and corresponding countermeasures[4]. - The company has established comprehensive internal control systems, ensuring the accuracy and completeness of financial reporting and compliance with legal disclosure requirements[136]. - There were no significant legal violations or related party fund occupation incidents during the reporting period, ensuring the protection of shareholder interests[136]. - The company has not encountered any major issues in the management and control of its subsidiaries during the reporting period[185]. Corporate Governance - The board of directors consists of 9 members, including 1 chairman, 1 vice chairman, and 3 independent directors, operating in accordance with the company's articles of association and relevant regulations[131]. - The supervisory board comprises 3 members and held 5 meetings to oversee major matters, related transactions, and the compliance of directors and senior management[133]. - The company held 3 shareholder meetings during the reporting period, ensuring compliance with relevant regulations and allowing shareholders to exercise their rights effectively[130]. - The company’s independent directors provided independent opinions on significant matters, ensuring the protection of investors' rights[167]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 3,157, with 1,482 in production, 1,339 in sales, and 56 in technical roles[173]. - The company has implemented a differentiated compensation policy, rewarding frontline workers based on piecework and sales personnel with a base salary plus performance bonuses[175]. - The company has a training program for new employees, covering company policies, safety, and operational skills[176]. - The company maintains a 100% employee labor contract signing rate and social insurance participation rate, ensuring employee rights are protected[199]. Environmental Responsibility - The company has built a wastewater treatment plant with a design capacity of 5,500 tons/day, utilizing anaerobic and advanced treatment processes, achieving a comprehensive discharge standard[192]. - The wastewater treatment facility operates normally and meets the Class III discharge standard, with all production wastewater collected for centralized treatment[192]. - The company has signed an environmental pollution liability insurance policy annually since 2016 to improve emergency response capabilities for environmental incidents[194]. - The company has implemented an automatic monitoring system at wastewater discharge points, ensuring real-time data transmission to environmental protection departments[195]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[153]. - New product launches are expected to contribute an additional 200 million yuan in revenue over the next year[154]. - The company plans to enhance management capabilities through budget management, refined production process control, and improved equipment management to ensure timely and quality production[111]. - The company aims to maintain technological leadership in the fresh soy product sector through new product development and process optimization[86].

Financial Performance - Total revenue for Q3 2021 was CNY 345,372,601.30, an increase of 6.92% year-over-year[3] - Net profit attributable to shareholders decreased by 59.04% to CNY 11,287,014.73 in Q3 2021[3] - Net profit excluding non-recurring gains and losses fell by 61.61% to CNY 9,448,772.11 in Q3 2021[3] - Basic earnings per share dropped by 68.97% to CNY 0.09 in Q3 2021[3] - Net profit for Q3 2021 was ¥42,810,397.38, a decrease of 44.4% from ¥77,153,222.44 in Q3 2020[20] - Basic and diluted earnings per share were both ¥0.34, down from ¥0.82 in the previous year[21] Cash Flow and Assets - Operating cash flow net amount for the year-to-date period decreased by 35.47% to CNY 102,548,221.30[3] - Cash inflow from operating activities totaled ¥1,031,867,733.07, compared to ¥998,258,730.93 in the same period last year[23] - The net cash flow from operating activities for Q3 2021 was ¥102,548,221.30, a decrease of 35.4% compared to ¥158,918,482.07 in Q3 2020[24] - The ending balance of cash and cash equivalents was ¥377,571,475.50, down from ¥474,817,064.56 at the beginning of the quarter[25] - The total assets amounted to ¥1,578,533,115.30, with total liabilities at ¥586,857,891.27, resulting in total equity of ¥991,675,224.03[29] Costs and Expenses - Total operating costs amounted to ¥907,994,581.98, up 14.8% from ¥790,923,379.08 year-over-year[18] - Research and development expenses increased to ¥7,516,808.56, up from ¥6,770,854.63 year-over-year[18] - The company reported a decrease in sales expenses to ¥141,962,999.47 from ¥166,536,374.08 year-over-year[18] - Financial asset impairment losses were recorded at -¥2,386,796.94, compared to -¥952,319.62 in the previous year[20] Shareholder Information - The company reported a total of 12,672 common shareholders at the end of the reporting period[9] - The largest shareholder, Cai Zuming, holds 24.08% of the shares, totaling 30,045,400 shares[9] Investments and Acquisitions - The company signed a cooperation framework agreement with Nanjing Guoguo Food Co., Ltd., planning to invest up to 80 million yuan in equity investment[10] - The total investment for the relocation and construction of a new factory by the wholly-owned subsidiary Yangzhou Zunming is 330 million yuan, with an additional capital increase of 128.12 million yuan[11] - The company completed the acquisition of 80% equity in Hangzhou Wangcheng Technology Co., Ltd. for 0 yuan, which is now renamed Hangzhou Zunming Weipin Technology Co., Ltd.[13] - The company plans to conduct audits and evaluations for its investments in Nanjing Guoguo and Guizhou Longyuan Sheng, with a maximum investment of 30 million yuan for the latter[13] - The company has completed the registration procedures for the capital increase of Yangzhou Zunming, enhancing its operational capacity to meet market demand[11] Government Support - The company received government subsidies amounting to CNY 1,150,730.39 during the reporting period[5] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[20] Changes in Financial Reporting - The company has adopted new leasing standards starting from 2021, which required adjustments to the financial statements[26]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 617,554,762.21, representing an increase of 8.69% compared to CNY 568,190,758.99 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 36.44% to CNY 31,523,382.65 from CNY 49,596,453.31 in the previous year[19]. - The net cash flow from operating activities dropped by 58.57% to CNY 36,338,730.43, down from CNY 87,715,390.95 in the same period last year[19]. - Basic earnings per share fell by 52.83% to CNY 0.25, compared to CNY 0.53 in the previous year[19]. - Total assets at the end of the reporting period were CNY 1,526,936,288.30, a decrease of 3.27% from CNY 1,578,533,115.30 at the end of the previous year[19]. - The weighted average return on net assets decreased to 3.15% from 9.54% in the previous year, a decline of 6.39%[19]. - The net profit after deducting non-recurring gains and losses was CNY 30,922,330.28, down 35.94% from CNY 48,270,076.75 in the same period last year[19]. - The company reported a total profit of ¥40,157,619.96 for the first half of 2021, down from ¥66,068,391.01 in the same period of 2020, a decline of 39.2%[181]. - The company’s other income decreased to ¥1,503,140.79 from ¥3,039,775.38, a decline of 50.5%[179]. Revenue Sources - Fresh soybean products generated sales revenue of 417.96 million yuan, with a year-on-year increase of 5.58%[34]. - Plant-based protein beverages saw a significant sales increase of 51.72%, reaching 98.25 million yuan, driven by the recovery of self-standing bag soy milk sales and the introduction of new bottled soy milk[34]. - Fresh soybean products generated ¥417,955,763.46, accounting for 67.68% of total revenue, with a year-on-year growth of 5.58%[70]. - Plant-based protein beverages saw a significant increase of 51.72%, reaching ¥98,248,828.01, up from ¥64,754,804.61 in the previous year[70]. Cost and Expenses - The gross profit margin decreased to 28.16% in the first half of 2021 from 39.28% in the first half of 2020, reflecting a significant decline in profitability[49]. - The cost of raw materials, particularly non-GMO soybeans, increased by 34.35% compared to the previous year, significantly impacting the overall cost structure[54]. - The company reported a total operating cost of 443,152.93 million in the first half of 2021, up 28.49% from 344,894.14 million in the same period of 2020[57]. - Sales expenses decreased to ¥90,633,149.78 from ¥109,866,182.65, a reduction of 17.5%[179]. Investments and R&D - Research and development expenses rose by 21.69% to ¥4,353,476.18, up from ¥3,577,642.24 in the previous year[68]. - The company has established a soybean product research and testing center to enhance product quality and safety, ensuring compliance with national standards and certifications[92]. - The company is actively researching and developing new products, including fermented plant protein drinks and coffee soy milk, to meet market demand for healthy options[45]. Market Strategy and Operations - The company has established a multi-department marketing network, including fresh, beverage, snack, catering, and e-commerce divisions, to enhance market penetration[34]. - The company maintains stable supplier relationships for raw materials, ensuring a consistent supply of soybeans and other essential ingredients[36]. - The company has a diverse sales model, including distribution, supermarket, and direct sales, with a focus on traditional markets and online sales as a supplementary channel[42]. - The company has developed a digital management platform that integrates finance, supply chain, and production, improving management efficiency and real-time data access[62]. Environmental and Social Responsibility - The company operates a wastewater treatment plant with a design capacity of 2,500 tons per day, achieving compliance with the third-level discharge standards[103]. - The company emphasizes environmental protection and has obtained necessary administrative permits for its operations, focusing on waste reduction and cost control[114]. - The company actively participates in social responsibility initiatives, including charitable activities and the establishment of a charity fund for elderly support[115]. - The company has set specific poverty alleviation targets in designated areas, focusing on enhancing the self-sufficiency of the beneficiaries[116]. Shareholder and Governance - The company plans to stabilize its stock price if the closing price falls below the audited net asset value per share for 20 consecutive trading days after the IPO[124]. - The company is currently fulfilling all commitments made prior to the IPO, with no overdue commitments reported[122]. - The company emphasizes the protection of shareholder rights and adheres to relevant laws and regulations to ensure corporate governance[110]. - The company has maintained a 100% employee contract signing rate and a 100% participation rate in social insurance[112]. Legal Matters - The company reported a lawsuit against MZ Technology (Hangzhou) Co., Ltd. for a software development contract dispute, with a claim amount of CNY 6.5 million, and the court ordered the return of CNY 3.25 million[133]. - The company is involved in another lawsuit against Zhejiang Blaimon Agricultural Technology Co., Ltd. for a sales contract dispute, with a claim amount of CNY 4.0446 million, currently in the second instance[133]. - The company has a claim of CNY 3.1044 million against Shanghai Shangshu Yonghui Fresh Food Co., Ltd. in a bankruptcy case, which is currently under trial[133].

Financial Performance - The company's operating revenue for 2020 was CNY 1,225,173,705.54, representing a 16.94% increase compared to CNY 1,047,737,339.68 in 2019[15] - The net profit attributable to shareholders for 2020 was CNY 100,989,865.46, which is a 12.01% increase from CNY 90,165,098.92 in 2019[15] - The net profit after deducting non-recurring gains and losses was CNY 94,421,168.99, up 14.60% from CNY 82,395,219.25 in 2019[15] - The basic earnings per share for 2020 was CNY 1.08, reflecting a 12.50% increase from CNY 0.96 in 2019[15] - The total assets at the end of 2020 were CNY 1,578,533,115.30, a 54.26% increase from CNY 1,023,284,456.96 at the end of 2019[15] - The net assets attributable to shareholders increased by 96.64% to CNY 991,675,224.03 at the end of 2020, compared to CNY 504,302,007.16 at the end of 2019[15] - The net cash flow from operating activities for 2020 was CNY 184,545,501.55, a decrease of 2.25% from CNY 188,801,649.15 in 2019[15] - The weighted average return on equity for 2020 was 18.68%, down from 19.47% in 2019[15] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares, totaling CNY 31,195,000 for all shareholders[4] - The cash dividend represents 30.89% of the net profit attributable to the parent company's shareholders, which is 100,989,865.46 RMB[128] - The total distributable profit at the end of the year is 177,247,053.46 RMB after accounting for the retained earnings and previous distributions[128] - The cash dividend amount for 2019 was 18,716,000 RMB, which accounted for 20.76% of the net profit[123] - The cash dividend amount for 2018 was 9,358,000 RMB, representing 14.64% of the net profit[123] - The company has a policy that cash dividends should account for at least 20% of the profit distribution in the case of significant capital expenditures[127] Product and Market Development - The company reported a total of 400+ products in its main business segments, including fresh soybean products, plant protein beverages, and leisure soybean products[24] - The company has developed over 400 product varieties, including fresh bean products, plant-based drinks, and snack bean products, enhancing its competitive edge[42] - The company launched several new products in 2020, including customized products and improved flavors, to meet diverse consumer preferences[55] - The company has expanded its sales channels to include a small amount of non-soybean products, which account for 2%-3% of the total operating costs[28] - The company plans to continue expanding its product line and enhancing its brand recognition in the market[54] - New product launches are planned, including a premium line of tofu products aimed at health-conscious consumers, projected to contribute an additional 200 million RMB in revenue[131] Operational Efficiency and Innovation - The company has a production model based on sales demand, allowing for quick responses to consumer needs while maintaining product freshness[30] - The company has developed a digital management platform that integrates financial, supply chain, and production processes, improving management efficiency[40] - The company has implemented a real-time order and inventory management system, allowing for timely adjustments in production based on customer orders[41] - The company has introduced advanced automated production equipment, significantly improving production efficiency and product quality[43] - The company has a strong focus on cold chain logistics, ensuring product quality and safety throughout the distribution process[39] - The company has a competitive advantage in product diversity and technological innovation, supported by significant investments in R&D and equipment upgrades[36] Financial Stability and Investments - Cash and cash equivalents have increased by 297.28% since the beginning of the year, primarily due to funds raised during the reporting period[34] - The company has seen a 62.92% decrease in prepayments, mainly due to the write-off of IPO expenses during the period[35] - The company has increased its construction projects by 812.56% compared to the beginning of the year, mainly due to the addition of a new production line for 80,000 tons of fresh soybean products[34] - The company invested CNY 190,380,225.60 in a new production line for fresh bean products, with a project completion rate of 58.44%[94] - The company’s net cash flow from financing activities surged by 781.71% to CNY 499,419,362.91, driven by increased fundraising[86] Environmental and Social Responsibility - The company emphasizes environmental protection and has obtained necessary environmental protection permits for its operations[166] - The company has a wastewater treatment plant with a designed capacity of 5,500 tons per day, achieving a tertiary standard for wastewater discharge[182] - The company has implemented an online monitoring system for wastewater discharge, ensuring real-time data transmission to regulatory authorities[184] - The company donated 30,000 RMB for books to Guanglong Central Primary School in Hubei and provided 50,000 RMB in aid to Zhi Guang Village in Guizhou, as part of its poverty alleviation efforts[172] - During the pandemic, the company supplied over 4 million RMB worth of tofu products to Wuhan, addressing local demand for essential goods[169] - The company has committed 10 million RMB in total for various poverty alleviation projects, including education and health initiatives[174] IPO and Shareholder Structure - The company completed its initial public offering (IPO) of 31.2 million shares at a price of RMB 15.18 per share, raising a total of RMB 405,099,351.41 in net funds[200] - After the IPO, the total number of shares increased from 93,580,000 to 124,780,000, with 31,200,000 shares being unrestricted and 93,580,000 shares subject to restrictions[199] - The proportion of restricted shares decreased from 100% to 75% following the issuance of new shares[1] - The company’s capital reserve increased by RMB 373,899,351.41 as a result of the IPO[200] - The company received approval from the China Securities Regulatory Commission for the IPO, as documented in the approval notice[192] Risk Management and Future Outlook - The company recognizes the risk of raw material price fluctuations, particularly for soybeans, which significantly impact profit margins and overall profitability[115] - The competitive landscape in the soybean product industry is intensifying, with the company needing to leverage its scale advantages and innovate to maintain market share[116] - The company aims for a 15% year-on-year increase in operating revenue for 2021, focusing on expanding its market share in fresh soybean products, soybean beverages, and leisure soybean products[112] - The company is exploring mergers and acquisitions to accelerate growth and strengthen its position in the domestic soybean product market[112]