证券代码：300973 证券简称：立高食品 立高食品股份有限公司 投资者关系活动记录表 编号：2021-001 | --- | --- | --- | |--------------------|-----------------------------------------------------------------------|--------------------------------------------------------------| | | | | | | 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 □ | 业绩说明会 | | 投资者关系活动类别 | □ 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） | | | 参与单位名称及人员 | | 详见附件《参与单位名称及人员明细清单》 | | 时间 | 2021 年 5 月 6 日 9 ： 2021 年 5 月 7 日 9 ： | 00-17 ： 30 00-17 ： 30 | | 地点 | 广州市南沙区榄核镇万祥横街 楼 3 楼会议室、活动室 | 3 号 A ...

编号：2021-002 证券代码：300973 证券简称：立高食品 立高食品股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------|----------------------------------|-----------------------------------------------------------------------| | | 特定对象调研 | □ 分析师会议 | | 投资者关 | □ 媒体采访 □ | 业绩说明会 | | 系活动类 | □ 新闻发布会 | □ 路演活动 | | 别 | □ 现场参观 | | | | □ 其他（请文字说明其他活动内容） | | | 参与单位 | | | | 名称及人 | | 详见附件《参与单位名称及人员明细清单》 | | 员 | | | | 时间 | 2021 年 5 月 10 、 11 | 日 | | 地点 | | 浙江省湖州市长兴经济技术开发区莘桥路 158 号 -1 浙江奥昆食品有限 | | | 公司办公楼 3 楼会议室 | | | | 彭裕辉 董事长及总经理 | | | | 赵松涛 董事及副总经理 | ...

证券代码：300973 证券简称：立高食品 立高食品股份有限公司 投资者关系活动记录表 编号：2021-005 | --- | --- | --- | |--------------------|-----------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Financial Performance - The company's revenue for Q3 2022 was ¥727,624,540.63, representing a year-on-year increase of 2.51%[6] - The net profit attributable to shareholders for Q3 2022 was ¥30,082,591.11, a decrease of 50.53% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥27,643,525.35, down 55.35% year-on-year[6] - Net profit for the first nine months decreased by 49.21% to ¥100,343,348.86, attributed to declining gross margins and rising expenses[15] - The company reported a 48.64% decrease in operating profit to ¥128,026,920.71, primarily due to lower gross margins and increased expenses[15] - Net profit for the quarter was CNY 100,343,348.86, down from CNY 197,566,615.46 year-over-year, indicating a decline of approximately 49.3%[46] - The company’s total comprehensive income for the quarter was CNY 100,343,348.86, down from CNY 197,566,615.46, reflecting a decline of about 49.3%[46] - The company’s basic earnings per share of CNY 0.593, down from CNY 1.313 in the same quarter last year, a decrease of approximately 54.8%[46] Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥2,589,561,554.39, an increase of 2.24% from the end of the previous year[6] - Total liabilities increased significantly, with short-term borrowings rising to ¥80,072,916.66, marking a 100% increase due to new bank loans[12] - Total liabilities amounted to CNY 523,903,960.74, compared to CNY 547,173,043.87 in the previous period, showing a decrease of about 4.2%[39] - The total equity attributable to shareholders reached CNY 2,059,790,183.15, an increase from CNY 1,985,578,044.80, representing a growth of approximately 3.7%[39] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥199,616,708.44, an increase of 47.93%[6] - Cash and cash equivalents decreased by 36.67% to ¥496,544,033.91 due to increased investment in construction projects[12] - Cash inflow from investment activities totaled CNY 2,751,893.61, significantly higher than CNY 163,181.33 in the previous period[50] - Net cash flow from financing activities was negative CNY 19,593,151.31, a decrease from a positive CNY 1,006,513,329.29 in the previous period[53] - The ending cash and cash equivalents balance was CNY 494,421,159.91, down from CNY 811,830,749.05 in the previous period, reflecting a decrease of approximately 39.0%[53] Operational Changes - The company faced significant cost pressures due to rising prices of raw materials, particularly oils, which affected profit margins[11] - The company is implementing a new supply chain center structure to enhance management efficiency and production quality[11] - A new marketing center is being established to consolidate sales resources and improve channel coverage[11] - The company is forming a product center to enhance the speed and quality of new product development[11] Shareholder Information - The total number of common shareholders at the end of the reporting period was 5,793[20] - The largest shareholder, Peng Yuhui, holds 15.29% of the shares, totaling 25,889,000 shares[20] - The second-largest shareholder, Zhao Songtao, owns 10.19% of the shares, amounting to 17,259,300 shares[20] - The company has a total of 98,294,250 restricted shares, with 600 shares released during the period[27] - The company has implemented a stock incentive plan, approved on August 26, 2022, to motivate employees[28] - The company is set to release the remaining restricted shares on April 15, 2024, for several shareholders[24] - The top three shareholders (Peng Yuhui, Zhao Songtao, and Peng Yongcheng) collectively control 34.95% of the company's shares[23] Investment and Development - Research and development expenses increased by 32.01% to ¥85,533,494.68, reflecting a commitment to enhance R&D investment[15] - The company established several subsidiaries, including Guangdong Liao Oil Co., Ltd. with a registered capital of 50 million CNY, aimed at enhancing supply chain stability and reducing risks[33] - The company established a wholly-owned subsidiary in Japan with a capital of 900 million JPY to enhance its international presence and leverage Japanese baking culture[33] - The company is in the process of issuing convertible bonds to unspecified investors, with the application accepted by the Shenzhen Stock Exchange on August 2, 2022[32]

Financial Performance - Ligao Foods reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[21]. - The company's net profit for the same period was RMB 80 million, up 10% compared to the previous year[21]. - The company's operating revenue for the reporting period was ¥1,323,697,745.56, representing a 5.76% increase compared to the same period last year[29]. - The net profit attributable to shareholders decreased by 48.53% to ¥70,393,347.25, while the net profit after deducting non-recurring gains and losses fell by 48.88% to ¥66,568,228.76[29]. - The net cash flow from operating activities increased significantly by 97.84% to ¥152,491,039.15[29]. - The basic and diluted earnings per share dropped by 57.07% to ¥0.416[29]. - Total revenue for the first half of 2022 reached ¥1,321,817,034.08, representing a year-on-year increase of 5.68%[73]. - The gross profit margin decreased by 4.80% compared to the same period last year, with a gross profit of ¥410,855,317.75[73]. - The cost of sales increased by 13.59% year-on-year, totaling ¥910,961,716.33[73]. - The company reported a 66% year-on-year increase in the purchase price of palm oil, significantly impacting the cost of main business operations[76]. Market Expansion and Strategy - Ligao Foods plans to expand its market presence by entering three new provinces by the end of 2022[21]. - The company has identified potential acquisition targets in the food sector to enhance its product portfolio[21]. - The company expects a revenue growth forecast of 12% for the second half of 2022, driven by new product launches[21]. - The company has established a comprehensive marketing network covering all provinces and municipalities in mainland China, enhancing product market reach through diversified sales channels[43]. - The company aims to enhance its distribution channels by penetrating lower-tier markets and developing overseas sales channels[132]. Product Development and Innovation - The company is investing RMB 50 million in R&D for new product development, focusing on frozen baked goods[21]. - The company has actively engaged in new product development, upgrading traditional items like donuts and mochi to meet diverse customer needs and health trends[66]. - The company is focusing on product innovation, including the introduction of new flavors and healthier ingredients to meet consumer demands[131]. - The company has launched new products such as chocolate snacks to capitalize on emerging consumer demands and improve sales[66]. Operational Efficiency and Supply Chain - Management has outlined a strategy to mitigate risks associated with supply chain disruptions, ensuring operational stability[5]. - The company has established a supplier assessment and management system, conducting 1 to 2 evaluations annually for qualified suppliers[55]. - The company’s production plan is based on sales forecasts and historical data, with adjustments made weekly to meet demand[59]. - The company has a cold chain monitoring center to ensure temperature compliance during storage and transportation[62]. - The company has established a cold chain logistics system to ensure that frozen baked goods are stored and transported at temperatures below -18 degrees Celsius, enhancing product quality and safety[89]. Human Resources and Management - The company has focused on high-quality customer service, providing professional technical guidance and creating new sales scenarios, such as selling chocolate snacks at checkout counters[65]. - The company will actively recruit external talents in R&D, sales, and management to strengthen its talent pool and core competitiveness[136]. - The company has implemented a stock option incentive plan to motivate management and core teams, which may impact future performance[127]. - The company emphasizes employee rights protection and has a comprehensive human resources management system, including performance evaluation and training programs[155]. Sustainability and Compliance - Ligao Foods emphasizes its commitment to sustainability and plans to implement eco-friendly practices in its production processes[21]. - The company has obtained various food production licenses, ensuring compliance with regulatory standards across its production facilities[50]. - The company has committed to environmental protection as part of its sustainable development strategy, ensuring compliance with relevant laws and regulations[155]. - There were no environmental penalties or issues reported during the reporting period, and the company is not classified as a key pollutant discharge unit[151]. Financial Management and Investments - The company plans to temporarily use up to CNY 250 million of idle raised funds to supplement working capital, with a repayment deadline of 12 months[115]. - The total amount of raised funds was ¥110,586.79 million, with ¥8,928.65 million invested during the reporting period[108]. - The company aims to raise up to CNY 950 million through the issuance of convertible bonds, which will be used for the headquarters project and to supplement working capital[192]. - The company has a total of 5,000 million RMB in guarantees, with a guarantee period of three years[186]. Challenges and Recovery - In the first half of 2022, the company faced significant challenges due to weakened industry demand and pandemic disruptions, but has shown signs of steady recovery since the second quarter[66]. - The company is addressing risks related to food safety and raw material price fluctuations through stringent control measures and strategic planning[128].

Financial Performance - The company reported a total share capital of 169,340,000 shares, with a cash dividend of 5.00 RMB per 10 shares to all shareholders[7]. - The company's operating revenue for 2021 was ¥2,816,982,964.66, representing a 55.66% increase compared to ¥1,809,690,090.92 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥283,102,550.20, up 21.98% from ¥232,095,144.33 in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥269,199,813.56, a 19.20% increase from ¥225,836,500.61 in 2020[24]. - The total assets at the end of 2021 reached ¥2,532,751,088.67, a significant increase of 159.85% from ¥974,685,209.23 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were ¥1,985,578,044.80, reflecting a 204.54% increase from ¥651,985,889.52 at the end of 2020[24]. - The company generated a total revenue of approximately ¥2.81 billion, with a gross profit of ¥983 million, resulting in a gross margin of 55.64%[65]. - Total revenue for 2021 reached CNY 2,814,632,029.43, with a year-on-year increase of 55.64%[67]. - Gross profit amounted to CNY 983,059,224.61, reflecting a gross margin of 34.92%, down 3.32% from the previous year[67]. - The company achieved a revenue of 2.817 billion yuan in 2021, representing a year-on-year growth of 55.66%[85]. Risk Management - The company does not face any significant risks that could impact its normal operations, including food safety risks and fluctuations in raw material prices[7]. - The company has implemented measures to address risks related to management during expansion and changes in consumer preferences[7]. - The company has a comprehensive risk management strategy in place to mitigate potential impacts from macroeconomic changes[7]. - The company faces risks related to food safety, macroeconomic changes, and fluctuations in raw material prices, which could impact future performance[58][59][62]. Market Outlook - The company expects the Chinese baking market to exceed ¥300 billion by 2023, maintaining a growth rate of over 10%[35]. - The frozen baking food market in China is projected to reach ¥903.68 billion if it achieves a 39% penetration rate similar to the U.S. in 1961[36]. - The retail sales of baked goods in China reached RMB 231.71 billion in 2019, indicating significant growth potential for the frozen baked goods market[39]. - The competitive landscape in the baking industry is intensifying, with a compound annual growth rate of 16.50% in the pastry and bread sector from 2011 to 2017[64]. Product Development - The company offers over 900 product specifications, catering to diverse customer needs in the baking industry[41]. - The company has developed both frozen baked semi-finished and finished products, including a variety of frozen pastries and breads[44]. - The company has launched over 50 new products and application solutions annually, supported by a strong R&D team and a comprehensive R&D system[78]. - The company plans to continue upgrading production lines and expanding capacity for dairy and fruit products in the future[74]. - The company will continue to innovate its product offerings by optimizing ingredient formulations and introducing new flavors to meet consumer demands[139]. Sales and Distribution - The company has established a diversified sales channel covering baking shops, beverage stores, supermarkets, restaurants, and convenience stores[56]. - The company primarily utilizes a distribution model, with a flat management structure for distributors, allowing for efficient market coverage[56]. - The company has a diverse sales network covering all provinces and municipalities in China, enhancing market reach[41]. - Direct sales revenue increased by 144.60% year-on-year, totaling CNY 959,862,332.51[67]. Governance and Management - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management[5]. - The governance structure remains compliant with regulatory requirements, enhancing transparency and accountability[158]. - The company has established an independent financial accounting system, with a dedicated financial department and personnel, ensuring independent financial decision-making[162]. - The management team, including the chairman and general manager, has been stable since October 30, 2017, with no changes in their shareholdings during the reporting period[167]. - The company has been actively restructuring its management team, with multiple high-level resignations and appointments occurring between 2021 and 2022[174]. Research and Development - Total R&D investment reached ¥82,199,399.24 in 2021, accounting for 2.92% of operating revenue, slightly up from 2.91% in 2020[110]. - The number of R&D personnel increased by 161.11% to 329 in 2021, with a significant rise in the proportion of personnel holding bachelor's and master's degrees[108]. - Research and development investments increased by 30%, focusing on sustainable food technologies and product innovation[157]. Financial Management - The company has no outstanding guarantees for its controlling shareholders, ensuring financial independence[159]. - The company confirmed that the fundraising and usage of funds in the first half of 2021 complied with regulations, with no violations reported[199]. - The company has not reported any significant changes in the implementation of investment projects as of the reporting date[130]. - The company has not raised any additional funds beyond the planned amount for the current projects[126]. Future Plans - The company aims to enhance its production capacity by expanding its three major production bases in South China, East China, and North China over the next three years, with a goal of exceeding 1,000 product specifications[138]. - The company plans to enhance its marketing channels by developing partnerships with restaurants, supermarkets, and convenience stores, aiming to quickly expand sales scale and meet diverse consumer needs[143]. - The company intends to leverage advanced technology and invest in capacity expansion in South China, East China, and North China, ensuring a network of six large production bases[140].

Financial Performance - The company's revenue for Q1 2022 was CNY 629,590,842.95, representing an increase of 8.83% compared to CNY 578,509,596.23 in the same period last year[3] - Net profit attributable to shareholders decreased by 45.29% to CNY 40,020,182.45 from CNY 73,153,248.24 year-on-year[3] - The basic earnings per share fell by 58.98% to CNY 0.2363, down from CNY 0.5760 in the previous year[3] - Total operating revenue for the current period reached ¥629,590,842.95, an increase of 8.5% compared to ¥578,509,596.23 in the previous period[31] - Net profit for the current period was ¥40,020,182.45, a decrease of 45.2% compared to ¥73,153,248.24 in the previous period[33] - The basic and diluted earnings per share for the current period were both ¥0.2363, down from ¥0.5760 in the previous period[35] Assets and Liabilities - The company's total assets decreased by 2.90% to CNY 2,459,177,749.09 from CNY 2,532,751,088.67 at the end of the previous year[3] - Total assets amounted to ¥2,459,177,749.09, a decrease from ¥2,532,751,088.67 in the previous period[30] - Total liabilities decreased to ¥414,110,788.51 from ¥547,173,043.87 in the previous period, reflecting a reduction of 24.3%[30] - The company's equity attributable to shareholders increased to ¥2,045,066,960.58 from ¥1,985,578,044.80, representing a growth of 3.0%[30] - The company reported a significant reduction in non-current assets, with fixed assets totaling RMB 551,144,443.65 at the end of the period[25] Cash Flow - The net cash flow from operating activities was CNY 50,643,443.87, a decline of 3.85% compared to CNY 52,673,733.57 in the same period last year[3] - The cash inflow from operating activities totaled ¥762,273,325.73, an increase of 22.2% compared to ¥623,770,961.59 in the previous period[38] - The net cash outflow from operating activities was ¥711,629,881.86, resulting in a net cash flow from operating activities of ¥50,643,443.87, down 3.9% from ¥52,673,733.57 in the previous period[38] - The cash outflow for investing activities was ¥133,832,106.94, compared to ¥209,011,713.22 in the previous period, indicating a decrease of 36.0%[40] - The net cash flow from financing activities was -¥5,631,379.56, a significant decline from a positive cash flow of ¥16,133,046.03 in the previous period[40] Expenses - Research and development expenses increased by 65.81% to CNY 21,867,096.80 from CNY 13,187,674.71 year-on-year, indicating a focus on innovation[7] - Management expenses surged by 133.81% to CNY 55,870,580.30 from CNY 23,895,401.68, primarily due to increased share-based payments and other costs[7] - Total operating costs for the current period were ¥584,226,207.95, up 20.4% from ¥485,289,775.25 in the previous period[31] Shareholder Information - The company has a total of 131,234,000 shares held by major shareholders, with the largest shareholder holding 15.29% of the total share capital[16] - The company has a total of 25,889,000 restricted shares held by 彭裕辉, which will be released on April 15, 2024[19] Strategic Focus - The company plans to maintain its focus on market expansion and new product development in the upcoming quarters[18] - The company has established strategic partnerships to enhance its market presence and operational efficiency[18] - The company is actively exploring mergers and acquisitions to strengthen its market position and drive growth[18] Other Financial Metrics - The weighted average return on equity dropped to 2.00% from 10.62% in the previous year, reflecting a significant decline in profitability[3] - The company reported a decrease in accounts receivable by 30.52% to CNY 139,211,209.10, attributed to reduced revenue[7] - The company reported a total current assets of RMB 1,157,614,376.84 at the end of the period, down from RMB 1,332,763,227.91 at the beginning of the year, representing a decrease of approximately 13.1%[25] - Cash and cash equivalents decreased to RMB 695,211,067.75 from RMB 784,031,110.38, reflecting a decline of about 11.3%[25] - Accounts receivable decreased to RMB 139,211,209.10 from RMB 200,362,337.49, indicating a reduction of approximately 30.6%[25] - Inventory decreased to RMB 246,592,966.19 from RMB 281,937,175.33, showing a decline of about 12.6%[25] Audit Information - The company did not conduct an audit for the first quarter report[41]