证券简称：品渥食品 证券代码：300892 品渥食品股份有限公司 投资者关系活动记录表 编号：2020-003 | --- | --- | --- | |----------------|------------------------|--------------------------------------------------------| | | | | | 投 资 者 关 系 | ☑ | 特定对象调研 □分析师会议 | | 活动类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | ☑ 其他 （网络会议） | | | 参 与 单 位 名 | | 中泰证券：赵雯、罗迪影；光大证券：孙路；国金证券：王映 | | 称 及 人 员 姓 | 雪； | | | 名 | | 国泰君安：赵政；万家基金：王琴；申万宏源：丁昊、罗贤 | | | | 飞、赵令伊、王铄；长江证券：徐爽、肖旭芳；交银施罗德基 | | | | 金：张程、张龙；永赢基金：包恺；财通自营：毕晓静；源乐 | | | | 晟：戴佳娴；海通证券：张宇轩、李宏科；诺德基金：王海 ...

证券简称：品渥食品 证券代码：300892 品渥食品股份有限公司 投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | |-------------------------|--------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|---------------------------| | | | | | | 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 | | | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | | 时间 | 2021 年 4 月 29 日 ( 周四 | ) 下午 ...

证券简称：品渥食品 证券代码：300892 品渥食品股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|----------------------------------|----------------------------------|-------------|-------|-------|-------|------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | 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 □ □ 现场参观 | 路演活动 | | | | | | | | | √ | | | ...

证券简称：品渥食品 证券代码：300892 品渥食品股份有限公司 投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|-------------------------------------|----------------------------------------------|------------|-------------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--------| | | | | | | | | | | | 投资者关系活动 | □ 特定对象调研 | □ | 分析师会议 | | | | | | | 类别 | □ 媒体采访 | ...

证券简称：品渥食品 证券代码：300892 品渥食品股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | --- | --- | |---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------|-------|-------|-----------------------| | | | | | | | | 投资者关系活动 类别 | 特定对象调研 □ 媒体采访 √ | 分析师会议 业绩说明会 | | | | | | 新闻发布会 □ | 路演活动 | | | | | | 现场参观 | | | | | | | 其他 | | | ...

Financial Performance - The company's revenue for Q3 2022 was ¥434,365,238.93, a decrease of 4.61% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥724,879.59, down 97.20% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥1,201,864.52, a decrease of 105.39%[5]. - Total operating revenue for Q3 2022 was CNY 1,174,746,962.62, an increase of 2.4% compared to CNY 1,144,204,645.33 in the same period last year[21]. - Net profit for Q3 2022 was CNY 16,263,254.98, a decrease of 76.8% compared to CNY 70,177,589.46 in Q3 2021[22]. - Earnings per share for Q3 2022 were CNY 0.1626, down from CNY 0.7018 in the previous year[23]. - The company reported a total comprehensive income of CNY 16,265,987.71 for Q3 2022, down from CNY 70,177,214.18 in Q3 2021[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,499,950,691.23, a decrease of 3.88% from the end of the previous year[5]. - The company's total current assets as of September 30, 2022, amount to ¥1,128,926,833.29, a decrease from ¥1,171,729,820.92 at the beginning of the year[18]. - The total assets of the company are reported at ¥1,499,950,691.23, down from ¥1,560,478,817.11 at the start of the year[18]. - The total liabilities decreased to CNY 339,739,136.51 from CNY 407,541,862.13 year-over-year[22]. - The total liabilities include accounts payable of ¥215,857,851.48, slightly decreased from ¥223,675,063.47[18]. - The company’s total liabilities decreased by 100% in short-term borrowings, reflecting repayment of loans during the period[9]. Cash Flow - Cash flow from operating activities showed a net outflow of -¥169,379,244.94, a significant decline of 525.21% compared to the previous year[10]. - The net cash flow from operating activities was -169,379,244.94, compared to -27,091,530.30 in the previous year, indicating a significant decline[25]. - Total cash outflow from operating activities amounted to 1,413,283,488.68, up from 1,315,665,281.97 year-over-year[25]. - The net cash flow from investment activities was ¥103,132,490.67, an increase from 90,499,801.86 in the same quarter last year[25]. - Cash inflow from investment activities totaled 817,714,168.50, compared to 886,680,181.62 in the previous year[25]. - The ending balance of cash and cash equivalents was 309,746,717.43, down from 494,809,350.25 year-over-year[25]. Inventory and Expenses - The company reported a 67.10% increase in inventory, amounting to ¥354,977,438.84, due to increased procurement[9]. - Sales expenses increased to CNY 241,655,501.25 in Q3 2022, up 36.5% from CNY 177,068,091.68 in Q3 2021[22]. - Research and development expenses rose by 67.95% to ¥743,966.50, primarily due to increased salaries for R&D personnel[9]. - Research and development expenses rose to CNY 743,966.50, an increase of 67.9% compared to CNY 442,968.32 in the previous year[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,106[12]. - The largest shareholder, Wang Mu, holds 45% of the shares, totaling 45,000,000 shares[12]. - The company has a total of 69,375,000 restricted shares, with no changes during the reporting period[15]. - The company plans to unlock 25% of the restricted shares for certain executives annually during their tenure[15]. - The company has reported a total of 14,062,500 shares under executive lock-up agreements, which will be released gradually[15]. Other Financial Metrics - The weighted average return on equity was 0.06%, down 2.28% year-on-year[5]. - Cash and cash equivalents have decreased to ¥325,457,606.42 from ¥440,997,831.63[17]. - Tax payments amounted to 33,185,896.47, a decrease from 57,335,244.36 year-over-year[25]. - The report for the third quarter was unaudited[26].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥740.38 million, representing a 7.48% increase compared to ¥688.83 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 64.89% to approximately ¥15.54 million, down from ¥44.26 million in the previous year[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥7.72 million, a decline of 74.72% from ¥30.54 million in the same period last year[20]. - Basic and diluted earnings per share were both ¥0.16, down 63.64% from ¥0.44 in the same period last year[20]. - The total revenue for the first half of 2022 reached 74,012.57 million CNY, reflecting a growth of 7.51% from 68,844.12 million CNY in the same period of 2021[50]. - The company reported a total comprehensive income of CNY 15,543,031.51 for the first half of 2022, down from CNY 44,254,915.53 in the previous year[180]. - The company reported a total of 21,135,000 shares held by directors after a reduction of 1,365,000 shares during the reporting period[171]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately -¥155.81 million, a significant decrease compared to -¥521.71 thousand in the previous year, indicating a decline of 29,764.79%[20]. - Cash flow from operating activities showed a net outflow of CNY 155,806,816.56, compared to a net outflow of CNY 521,707.45 in the first half of 2021[185]. - The company's cash and cash equivalents decreased to ¥360.34 million, accounting for 22.64% of total assets, down from 28.26% last year, a decrease of 5.62%[75]. - The total cash and cash equivalents at the end of the period amounted to 200,699,225.29 CNY, down from 424,609,629.17 CNY at the beginning of the period, reflecting a decrease of about 52.8%[188]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.59 billion, reflecting a 2.01% increase from ¥1.56 billion at the end of the previous year[20]. - Total liabilities increased from CNY 407,541,862.13 to CNY 434,893,900.95, marking a rise of about 6.7%[173]. - Accounts receivable increased to ¥183.17 million, representing 11.51% of total assets, up from 8.15% last year, an increase of 3.36% due to increased customer collections[75]. - Inventory rose significantly to ¥385.35 million, making up 24.21% of total assets, compared to 13.61% last year, an increase of 10.60% attributed to shipping capacity constraints[75]. Product Development and Market Strategy - The company launched new products including the A2β-casein whole milk powder series, featuring 6.7g/100g A2β-casein and 880mg/100g calcium, which received positive consumer feedback[34]. - The company is expanding its product line with the introduction of two new cheese products under the "德亚" brand, which have been well received by consumers[34]. - The company emphasizes the importance of product development and brand promotion, focusing on consumer preference research to optimize its offerings[33]. - The company plans to expand its product line and enhance brand promotion to improve market competitiveness amid increasing market competition[98]. Risks and Challenges - The management has highlighted potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[3]. - The company faces risks from high supplier concentration, which could impact product supply and normal operations if issues arise with foreign suppliers[100]. - There is a risk of production disruptions if the pandemic continues to spread globally, potentially affecting import timelines[104]. - The company's inventory value accounted for a high proportion of total assets, posing risks related to liquidity and potential losses from inventory write-downs[102]. Governance and Social Responsibility - The company emphasizes its commitment to social responsibility, actively engaging in charitable activities and supporting pandemic prevention efforts by donating over 7,000 boxes of dairy products[126]. - The company maintains a strong governance structure, ensuring the protection of shareholder rights and effective communication with investors[121]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[119]. Future Outlook - The company plans to continue expanding its market presence and developing new products in the upcoming quarters[197]. - The company has set a target for future growth, aiming for a revenue increase of at least 10% year-over-year[197]. - Future guidance suggests a projected revenue increase of 7.75% for the next half-year[200]. - Overall, the financial outlook remains positive with strategic initiatives aimed at sustaining growth and profitability[200].

Financial Performance - The company's revenue for Q1 2022 was ¥306,283,335.73, a decrease of 3.76% compared to ¥318,258,718.21 in the same period last year[3] - Net profit attributable to shareholders was ¥7,409,883.40, down 75.33% from ¥30,035,145.52 year-on-year[3] - Basic and diluted earnings per share were both ¥0.07, a decrease of 76.67% from ¥0.30 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 306,283,335.73, a decrease of 3.06% from CNY 318,258,718.21 in Q1 2021[20] - Net profit for Q1 2022 was CNY 7,409,883.40, down 75.3% compared to CNY 30,035,145.52 in Q1 2021[21] - Operating profit decreased significantly to CNY 7,185,973.89 from CNY 34,958,453.06, reflecting a decline of 79.5%[21] Cash Flow - The net cash flow from operating activities was -¥252,380,533.52, representing a significant decline of 1,547.99% compared to -¥15,314,484.65 in the previous year[3] - Cash flow from operating activities was CNY 288,497,251.00, down from CNY 359,256,726.64 in the previous year[24] - The company reported a total cash inflow from operating activities of 298,520,048.54 CNY, down from 369,065,975.58 CNY in the previous year[25] - The ending balance of cash and cash equivalents was 217,227,602.40 CNY, down from 462,140,152.22 CNY year-over-year, indicating a liquidity contraction[26] - The company experienced a decrease in cash and cash equivalents by 208,001,848.74 CNY during the quarter, compared to a decrease of 5,950,723.02 CNY in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,445,046,284.19, down 7.40% from ¥1,560,478,817.11 at the end of the previous year[3] - Total liabilities decreased to CNY 280,989,024.74 from CNY 407,541,862.13, indicating a reduction of 30.9%[18] - The total current assets decreased from 1,171,729,820.92 CNY to 1,063,635,576.68 CNY, a reduction of approximately 9.2%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,826[10] - The largest shareholder, Wang Mu, holds 45.00% of the shares, totaling 45,000,000 shares[10] - The company has a significant portion of its shares held by the top 10 shareholders, with the top three holding a combined 66.00%[10] - The total number of restricted shares at the end of the period is 69,375,000, with no shares released during the reporting period[13] Inventory and Receivables - The company reported a significant increase in accounts receivable by 33.86%, reaching ¥170,279,014.34 compared to ¥127,204,524.31 at the end of the previous year[7] - Inventory increased by 45.51% to ¥309,124,864.55, primarily due to tight shipping capacity and delayed deliveries from the previous year[7] - Accounts receivable increased from 127,204,524.31 CNY to 170,279,014.34 CNY, representing an increase of about 33.9%[16] - Inventory rose significantly from 212,440,082.31 CNY to 309,124,864.55 CNY, marking an increase of approximately 45.5%[16] Investment Activities - The company experienced a 431.67% increase in cash flow from investing activities, totaling ¥65,792,714.13, compared to ¥12,374,687.33 in the previous year[8] - Total cash inflow from investment activities was 335,709,489.06 CNY, slightly up from 332,574,436.99 CNY year-over-year[25] - The net cash flow from investment activities increased to 65,792,714.13 CNY from 12,374,687.33 CNY in the previous year, showing improved investment performance[25] - The company invested 2.15 million euros to acquire a 50% stake in Pinlive-Hochwald GmbH, enhancing its international presence[14] Operating Costs - Total operating costs increased to CNY 301,920,953.69, up 5.3% from CNY 285,891,270.57 in the previous year[20] - Sales expenses rose by 56.65% to ¥74,281,391.52, driven by increased agency fees and advertising costs for market promotion[7] - Cash paid for purchasing goods and services was 395,971,320.83 CNY, significantly higher than 279,490,310.48 CNY in the previous year, indicating increased operational costs[25] Research and Development - Research and development expenses were CNY 257,668.30, a decrease from CNY 330,250.39 in the previous year[21] Audit and Reliability - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[27]

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.65 billion, representing a 9.84% increase compared to ¥1.50 billion in 2020[17]. - The net profit attributable to shareholders decreased by 29.72% to approximately ¥95.47 million from ¥135.84 million in the previous year[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥75.66 million, down 41.25% from ¥128.78 million in 2020[17]. - The net cash flow from operating activities increased by 25.01% to approximately ¥171.35 million, compared to ¥137.07 million in 2020[17]. - Basic and diluted earnings per share decreased by 43.11% to ¥0.95 from ¥1.67 in the previous year[17]. - The total assets at the end of 2021 were approximately ¥1.56 billion, a 14.02% increase from ¥1.37 billion at the end of 2020[17]. - The net assets attributable to shareholders increased by 7.61% to approximately ¥1.15 billion from ¥1.07 billion in 2020[17]. - The weighted average return on equity decreased to 8.63% from 24.46% in the previous year, a decline of 15.83%[17]. - The company achieved total revenue of ¥1,650,712,097.95 in 2021, representing a year-on-year growth of 9.84%[63]. - The company reported a total sales volume of 193,555.4 tons, which is a 22.49% increase from the previous year[77]. Market Position and Growth - The dairy product market in China is projected to reach CNY 810 billion by 2025, indicating substantial growth potential[26]. - The company has maintained its leading position in the imported dairy market, ranking first in milk import sales for three consecutive years[31]. - The average per capita dairy consumption in China was 14.4 kg in 2021, significantly lower than in developed countries, suggesting room for growth[26]. - The company is leveraging the rapid development of e-commerce to expand its market reach into rural and lower-tier cities[27]. - The company is focusing on differentiated competition strategies in niche markets, particularly in imported dairy products[31]. - The company plans to establish a research and development center in 2022 to enhance product innovation and development capabilities[123]. - The company aims to build a cheese factory in 2022 to meet the growing consumer demand for cheese products in China[126]. - The company plans to expand its distribution channels, focusing on both online and offline sales strategies to increase market penetration[125]. Product Development and Innovation - The company launched a new series of pasta sauces under the "Pinli" brand in 2021, enhancing its Mediterranean food expert image[37]. - The company launched new products including organic full-fat and skimmed milk, and fruit-flavored beers targeting female consumers, contributing to brand vitality[65]. - The company has developed a new low-temperature yogurt product, which is currently in trial sales, aiming to diversify its product offerings[86]. - The company plans to launch a low-temperature children's yogurt product in 2022, further expanding its product line[86]. Sales and Distribution - The company has established a diversified sales system, including offline direct sales, distribution, and online channels, to enhance market reach[39]. - Online self-operated channel revenue reached ¥22,746.14 million in 2021, with a total of 375.53 thousand orders and 231.15 thousand customers[46]. - The company reported a 42.63% decline in online distribution revenue, dropping to 1,017.39 million from 1,773.38 million in 2020[49]. - The offline direct sales revenue decreased by 22.39% to 28,320.44 million, while offline distribution revenue increased by 9.66% to 28,762.23 million[49]. - The company has implemented a multi-channel sales strategy, covering online platforms like JD.com and Tmall, as well as offline direct sales and distribution channels, achieving comprehensive market coverage[59]. Financial Management and Investments - The company reported a significant increase in investment, with a total investment amount of ¥1,479,644,059.78 for the reporting period, representing a 333.57% increase compared to the previous year[101]. - The company has made a major equity investment in Pinlive-Hochwald, acquiring a 50% stake for ¥155,223,550[102]. - The company has established a strong international supply chain management advantage with long-term partnerships with top suppliers from Germany, France, and Australia, ensuring stable dairy sources[57]. - The company has implemented a cash management plan for temporarily idle raised funds, with an amount not exceeding RMB 16,000.00 million allocated for this purpose[112]. Risk Management - The company faces risks from intensified market competition in the imported food industry, which has seen a growing number of participants and product offerings[129]. - High supplier concentration poses a risk; if key suppliers fail to deliver on time or produce defective products, it could adversely affect operations[132]. - The ongoing COVID-19 pandemic poses risks to the company's performance, particularly if it disrupts production or import timelines from key suppliers in Germany and Spain[135]. Corporate Governance - The company has established a supervisory board consisting of 3 members, including 1 employee representative, ensuring compliance with legal requirements[144]. - The company has implemented a fair and transparent performance evaluation and incentive mechanism for its directors and senior management[145]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors through designated media[147]. - The company has a clear ownership structure, with independent assets such as properties and trademarks[151]. - The company has not engaged in any related party transactions that could compromise its independence[150]. Employee Management - The total number of employees at the end of the reporting period was 634, with 437 in the parent company and 197 in major subsidiaries[185]. - The company follows a performance-based compensation policy, linking employee income to their contributions and work value, with performance bonuses distributed monthly and annually[187]. - The company has established a multi-level welfare guarantee system based on social insurance and supplemented by corporate benefits[187]. - The annual training plan is aligned with the company's strategic goals and employee development needs, incorporating both internal and external training methods[188]. Profit Distribution - The proposed cash dividend for 2021 is RMB 1.9 per 10 shares, totaling RMB 19,000,000, which represents 100% of the total profit distribution[195]. - The profit distribution plan was approved by the board and will be submitted for shareholder approval, ensuring minority shareholders have the opportunity to express their opinions[195]. - The company has a cash dividend policy that complies with its articles of association and shareholder resolutions, with clear standards and procedures[191].

Financial Performance - The company's revenue for Q3 2021 was ¥455,375,463.52, representing an increase of 11.51% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥25,922,120.49, a decrease of 26.47% year-on-year[3] - The basic earnings per share for Q3 2021 was ¥0.2592, down 44.85% from the previous year[3] - Total operating revenue for Q3 2021 was CNY 1,144,204,645.33, an increase of 4.4% compared to CNY 1,090,577,796.98 in the same period last year[23] - Net profit for Q3 2021 was CNY 70,177,589.46, a decrease of 31.5% from CNY 102,534,118.17 in Q3 2020[24] - Earnings per share for Q3 2021 were CNY 0.7018, down from CNY 1.3671 in the same quarter last year[25] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥1,432,016,337.98, an increase of 4.64% compared to the end of the previous year[4] - As of September 30, 2021, the total assets of the company amounted to RMB 1,432,016,337.98, an increase from RMB 1,368,571,758.27 at the end of 2020, reflecting a growth of approximately 4.65%[19] - The company's total liabilities increased to CNY 304,037,259.10 from CNY 297,183,951.01 year-over-year[22] - The total liabilities rose from 297,183,951.01 CNY to 328,874,431.80 CNY, indicating an increase of about 10.7%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥27,091,530.30, a decline of 216.43% compared to the same period last year[9] - Cash inflow from operating activities was CNY 1,288,573,751.67, compared to CNY 1,209,365,149.66 in Q3 2020, reflecting a growth of 6.5%[27] - The net cash flow from operating activities was -27,091,530.30 CNY, compared to 23,267,592.46 CNY in the previous year, indicating a significant decline in operational performance[28] - The net cash flow from financing activities was -36,685,618.28 CNY, a stark contrast to the previous year's inflow of 601,536,852.37 CNY, reflecting a shift in financing strategy[28] Equity and Shareholder Returns - The total equity attributable to shareholders increased by 5.28% to ¥1,127,979,078.88[4] - The total equity attributable to shareholders increased to CNY 1,127,979,078.88 from CNY 1,071,387,807.26, representing a growth of 5.3%[22] - The company reported a total of 27,944,835.29 CNY in dividend distributions, compared to 3,783,033.72 CNY in the previous year, indicating a substantial increase in shareholder returns[28] Expenses - The company experienced a 106.63% increase in management expenses, totaling ¥31,852,722.79, mainly due to the accrual of share-based payment expenses[9] - Research and development expenses for the period amounted to ¥442,968.32, reflecting the company's investment in new product development[9] - Research and development expenses for Q3 2021 were CNY 442,968.32, indicating ongoing investment in innovation[23] - The company paid 58,921,592.75 CNY in employee compensation, up from 50,785,343.46 CNY, reflecting a 16.5% increase in labor costs[28] Inventory and Accounts Receivable - The company reported a significant increase in inventory, which rose by 34.34% to ¥263,526,774.56, primarily due to increased procurement[8] - Accounts receivable rose to RMB 159,852,573.25, up from RMB 127,432,785.50, indicating an increase of approximately 25.4%[20] - Inventory levels increased significantly to RMB 263,526,774.56 from RMB 196,164,772.14, marking a rise of around 34.3%[20] Investments - The company plans to invest EUR 21.5 million to acquire a 50% stake in a target company, which is expected to add an annual production capacity of 300 million 200ml milk units[16] - The company approved the use of up to RMB 160 million of idle funds for cash management, alongside RMB 370 million of its own funds[16] - The company reported a significant increase in investment income, which rose by 567,887.71% to ¥6,655,850.40, primarily from trading financial assets[9] Financial Adjustments - The company has adopted new leasing standards, which resulted in adjustments to the financial statements, impacting the non-current liabilities[30] - The company’s total liabilities and equity structure will be further detailed in subsequent reports following the completion of the ongoing financial assessments[18]