Financial Performance - The company's operating revenue for 2021 was CNY 226,225,162, representing a 16.06% increase compared to CNY 194,921,555 in 2020[19]. - The total revenue for 2021 reached CNY 226.23 billion, an increase of 16.06% compared to CNY 194.92 billion in 2020[71]. - The net profit attributable to shareholders for 2021 was CNY 4,131,620, a decrease of 31.15% from CNY 6,000,874 in 2020[19]. - The total profit for the year was 6.18 billion yuan, a decrease of 30.9% compared to the previous year[91]. - The gross profit margin decreased to 8.18% in 2021 from 11.01% in 2020, reflecting a decline of 2.83%[71]. - The kitchen food segment generated CNY 141.98 billion, accounting for 62.76% of total revenue, with a growth of 17.14% compared to CNY 121.20 billion in 2020[102]. - The company reported a significant increase in user data, with a 46.71% growth in the food processing segment, amounting to 298,937 million[153]. - The company reported a total revenue of 100 billion RMB for the fiscal year 2021, representing a year-on-year growth of 15%[186]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.77 RMB per 10 shares to all shareholders, based on a total of 5,421,591,536 shares[6]. - The company has not proposed any bonus shares for distribution to shareholders[6]. - The company's financial report has been confirmed as true, accurate, and complete by its management team[3]. Risk Management - The company has identified 17 potential risk factors affecting its operations, including industry competition, macroeconomic fluctuations, and raw material price volatility[4]. - The company has a comprehensive risk management strategy in place to address identified risks[4]. - The company has established a comprehensive food safety and quality management system to mitigate risks associated with product quality and safety[52]. - The company faces risks from intense industry competition, which may affect market share and profitability if not managed effectively[43]. - The company is exposed to macroeconomic fluctuations that could impact consumer confidence and demand for high-end products, although it anticipates long-term growth in the Chinese economy[44]. - The company employs hedging strategies and seeks to diversify its raw material procurement channels to mitigate the effects of price fluctuations[49]. Market Position and Brand Value - The company holds a leading position in the domestic agricultural products and food processing industry, with "Golden Dragon Fish" ranked first in the edible oil brand index for eleven consecutive years[37]. - The company's brand value is estimated at 130.3 billion yuan, ranking second in the Chinese food and beverage sector[37]. - The core brand "Golden Dragon Fish" maintained its leading position in the edible oil market with a score of 731.2 in the 2021 China Brand Power Index[84]. Product Development and Innovation - The company is focusing on expanding its product lines and enhancing its online sales strategy to meet growing consumer demand[70]. - The company has launched various new products, including specialty oils and organic offerings, to cater to different market segments[70]. - The company aims to create new profit growth points through the development of plant-based products and innovative processing techniques[117]. - The company has made advancements in plant-based product development, focusing on health and sustainability trends[117]. Supply Chain and Production - The company operates 71 production bases nationwide, enhancing cost efficiency and product quality through strategic location[80]. - The procurement model involves centralized planning by business units, with factories executing specific purchasing plans based on sales and production forecasts[62]. - The production network is designed for efficiency, with integrated factories that reduce logistics and inventory costs, primarily focusing on self-manufacturing[63]. - The company has established multiple production bases across China to reduce production costs and ensure product quality, while also mitigating risks from natural disasters[61]. Investment and Capital Allocation - The company has committed to investing in 10 new projects, including oilseed pressing and refining, to enhance its operational capabilities[145]. - The company reported a total investment of CNY 13.87 billion, with CNY 13.69 billion utilized and CNY 2.67 billion remaining as of December 31, 2021[145]. - The company is adjusting its investment strategies based on market conditions and project progress, reflecting a cautious approach to capital allocation[145]. Corporate Governance and Management - The company maintains an independent operation and management structure, ensuring no fund occupation by the controlling shareholder[175]. - The company emphasizes the importance of improving corporate governance and internal control systems to ensure sustainable and stable development[174]. - The company has a complete personnel management system, ensuring independent recruitment and performance evaluation processes[180]. Future Outlook - The company remains confident in its future performance despite facing challenges such as rising costs and increased competition[91]. - Future outlook indicates a focus on enhancing core competitiveness and aligning production capacity with market demand, including adjustments to several projects[154]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[186]. - The company is committed to continuous innovation across various business aspects, including products, channels, and marketing models, to enhance core competitiveness and drive business growth[167].