洽洽食品(002557) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥7,131,364,079.37, representing a 4.79% increase compared to ¥6,805,627,279.13 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥849,480,766.93, up 5.82% from ¥802,739,260.75 in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥772,667,812.08, an increase of 8.86% from ¥709,779,276.24 in 2023[6]. - The cash flow from operating activities significantly increased by 147.78% to ¥1,038,904,494.15 from ¥419,277,593.82 in 2023[6]. - The total assets at the end of 2024 were ¥10,057,056,869.68, a 7.00% increase from ¥9,398,773,153.02 at the end of 2023[6]. - The company achieved total revenue of ¥7,131,364,079.37 in 2024, representing a year-on-year growth of 4.79%, and a net profit attributable to shareholders of ¥849,480,766.93, up 5.82% from the previous year[53]. - The total operating revenue for 2024 reached ¥7,131,364,079.37, representing a year-on-year increase of 4.79% compared to ¥6,805,627,279.13 in 2023[62]. - The revenue from sunflower seeds was ¥4,381,632,668.37, accounting for 61.45% of total revenue, with a growth of 2.60% year-on-year[62]. - The revenue from nut products increased by 9.74% year-on-year to ¥1,923,577,427.20, representing 26.97% of total revenue[62]. - The e-commerce segment generated ¥778,601,929.24, showing an 8.86% increase compared to the previous year[62]. Dividend Distribution - The company plans to distribute a cash dividend of 10 CNY per 10 shares to all shareholders, based on a total of 497,261,431 shares, with 8,593,661 shares in the repurchase account excluded from the distribution[6]. - The company distributed a total cash dividend of approximately ¥647 million in 2024, with a proposed dividend of ¥10 per 10 shares for the 2023 fiscal year[126]. - Since its listing, the company has cumulatively distributed cash dividends exceeding ¥4.1 billion and has converted capital reserves into 307 million shares[126]. - The total cash dividend for 2024, including previous distributions, amounts to 646,597,226.20 RMB, with a cumulative share repurchase total of 171,567,041.7 RMB[173]. - The company has repurchased 5,685,969 shares in 2024, with a total transaction amount of 171,567,041.7 RMB (excluding transaction fees)[173]. Market Position and Brand Recognition - The company is recognized as a leading brand in the nut and snack industry, with products sold in nearly 70 countries and regions[36]. - The company’s brand, Qiaqia, has been certified as the global sales leader in seeds for five consecutive years according to Sullivan[36]. - The leisure food market in China has surpassed ¥1 trillion, with a long-term stable growth trend expected[32]. - The company’s product line includes various nut and seed products, which have gained popularity due to quality and brand recognition[35]. - The brand value of the company reached ¥526.78 billion in 2024, ranking it among the "2024 Asia's Top 500 Brands"[44]. Innovation and R&D - The company emphasizes technological innovation in food processing, continuously improving quality and production techniques[48]. - The company has a total of 299 authorized patents, including 47 invention patents, reflecting its focus on research and development[57]. - The company launched new products in the seed and nut categories, including the "打手花生" and various flavored seeds, contributing to significant sales growth[53]. - The company has increased its R&D personnel from 71 to 98, representing a growth of 38.03%[75]. - R&D investment has risen to ¥75,683,891.50 in 2024, up 17.15% from ¥64,604,519.62 in 2023[75]. - The company plans to increase R&D investment to enhance basic research and new product development capabilities, focusing on intelligent manufacturing and supply chain services[131]. Operational Efficiency and Supply Chain Management - The company has established production bases in 10 locations, including Hefei and Thailand, to enhance production efficiency and reduce logistics costs[43]. - The company is enhancing its supply chain digitalization and operational efficiency through comprehensive cost reduction and energy-saving initiatives[117]. - The company aims to enhance supply chain efficiency and promote sustainable development by increasing the direct procurement ratio of sunflower seeds and optimizing raw material procurement models[117]. - The company has implemented a digital transformation blueprint to enhance operational efficiency and customer experience through various information systems[51]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and has detailed the main risks and countermeasures in the report[6]. - The company faces risks related to raw material supply and price fluctuations, and it will innovate procurement models to mitigate these risks[119]. - The company has established a comprehensive risk management system to enhance operational management and risk prevention capabilities[136]. Environmental Responsibility - The company has adhered to environmental protection laws and received a new pollution discharge permit valid until August 17, 2025, to reduce emissions[195]. - The company has implemented measures to strengthen environmental risk management and promote sustainable development[195]. - Total investment in environmental governance and protection amounted to ¥13,264,674.09, including ¥1,098,323.37 for new and upgraded environmental facilities and ¥12,192,180.15 for operational costs[198]. - The company achieved a photovoltaic power generation of 9,510,933.5 kWh in 2024, contributing to carbon emission reduction efforts[198]. - The company received the 2024 Anhui Province Environmental Integrity Unit (A Level) recognition, highlighting its commitment to environmental protection[200]. Corporate Governance - The company has established an independent business system with complete procurement, production, sales, and R&D capabilities, ensuring no reliance on controlling shareholders[143]. - The company has an independent financial accounting system and does not share bank accounts with controlling shareholders, ensuring independent tax compliance[145]. - The company has a structured approach to determining the remuneration of senior management based on their responsibilities and risks[156]. - The company has a diverse board with members holding various academic and professional qualifications[155]. - The company has been rated "A" for information disclosure for four consecutive years from 2020 to 2023 by the Shenzhen Stock Exchange[134]. Employee Management and Development - The total number of employees at the end of the reporting period is 5,465, with 3,376 in the parent company and 2,089 in major subsidiaries[166]. - The company has implemented a training program through its internal academy, focusing on talent development and knowledge management[168]. - The company has a well-defined salary policy that combines employee career planning with corporate development, enhancing employee satisfaction and retention[167]. - The company has a total of 9 key management personnel listed with their respective remuneration details[157]. Shareholder Engagement - The company held two shareholder meetings during the reporting period to discuss the annual report and profit distribution plan, ensuring equal treatment of all shareholders[137]. - The participation rate in the 2023 annual general meeting was 61.81%, held on May 17, 2024[146].