ANJI FOOD(603696)2023-04-20 16:00Financial Performance - The company's operating revenue for 2022 was RMB 557,187,219.14, representing a 1.50% increase compared to RMB 548,965,238.91 in 2021[21]. - The net profit attributable to shareholders of the listed company decreased by 69.51% to RMB 13,839,093.01 from RMB 45,392,682.71 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 22,720,426.51, down 41.30% from RMB 38,705,402.24 in 2021[21]. - The net cash flow from operating activities dropped by 81.21% to RMB 19,122,723.92 compared to RMB 101,757,107.26 in 2021[21]. - Total assets at the end of 2022 were RMB 627,269,936.00, a decrease of 2.16% from RMB 641,120,386.13 at the end of 2021[22]. - The net assets attributable to shareholders of the listed company decreased by 2.09% to RMB 537,288,229.27 from RMB 548,748,872.76 at the end of 2021[22]. - Basic and diluted earnings per share for 2022 were 0.06 yuan, a decline of 68.42% from 0.19 yuan in 2021[23]. - The weighted average return on equity decreased by 5.65 percentage points to 2.57% in 2022[23]. - The total revenue for the year 2022 was RMB 557,187,219.14, which is a key performance indicator for the company[173]. - Net profit for 2022 decreased to RMB 13,839,093.01, down 69.6% from RMB 45,392,682.71 in 2021[198]. Revenue and Costs - Total operating costs for 2022 were RMB 530,798,355.76, up 5.59% from RMB 502,648,242.61 in 2021[197]. - The gross profit margin for the main business increased by 2.09%, primarily due to a 2.98% increase in the gross margin of compound seasoning powder[43]. - Revenue from compound seasoning powder was 171,325,327.32, down 28.34% year-on-year, with a gross margin of 33.77%[46]. - The total cost for the reporting period was 144,711,330.33 CNY, a decrease of 28.12% compared to the previous year, primarily due to a decline in main business revenue[51]. - Raw material costs decreased by 30.52% year-on-year, while labor costs fell by 11.7%, attributed to the same decline in main business revenue[51]. Market and Product Development - The company is focusing on the strategic development of its core products, particularly in the seasoning industry, to align with market demands[33]. - The company aims to focus on meat-flavored compound seasoning powders, curry, and ready-to-eat sauces to meet diverse consumer demands[76]. - The company has over 500 varieties of products in the seasoning category, including compound seasoning powder and natural extract seasonings[35]. - The compound seasoning market in China is expected to exceed CNY 180 billion in 2022, growing from nearly CNY 160 billion in 2021[74]. - The overall seasoning market in China is projected to surpass CNY 500 billion in 2022, up from over CNY 400 billion in 2021[73]. Research and Development - The company has a research and development center with 21 patents, enhancing its product development capabilities[39]. - Research and development expenses amounted to 10,901,281.88 CNY, representing 1.96% of total revenue, with a year-on-year decrease of 20.87%[57][59]. - The number of R&D personnel was 31, accounting for 9% of the total workforce, with a focus on enhancing core competitiveness through new product development[58][59]. Cash Flow and Investments - The operating cash flow net amount was 19.12 million yuan, a significant decrease of 81.21% from the previous year[42]. - The company’s investment activities generated a net cash flow of -25.55 million yuan, indicating a decrease in the purchase and recovery of financial products[42]. - The company has several entrusted financial management products with varying amounts and negative actual returns, including a loss of 226,651.03 RMB on a 15,150,000 RMB investment[144]. Governance and Compliance - The company has established a robust governance structure to ensure compliance with legal regulations and protect the rights of minority shareholders[87]. - The company has no reported risks or dissenting opinions from the supervisory board during the reporting period[104]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2022[169]. - There were no penalties from securities regulatory agencies in the past three years[96]. Shareholder Information - The largest shareholder, Lin Xiaofang, holds 112,176,435 shares, representing 47.69% of the total shares[156]. - The second largest shareholder, Oriental United International Investment (Hong Kong) Co., Ltd., holds 35,280,000 shares, accounting for 15.00%[156]. - The total number of ordinary shareholders reached 17,527 by the end of the reporting period, an increase from 16,203 at the end of the previous month[152]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% based on current market trends and user acquisition strategies[126]. - The company plans to enhance its brand recognition and optimize its supply chain to cater to the growing consumer preference for safety and health in food products[76]. - Future guidance indicates a strong commitment to sustainability, with plans to reduce carbon emissions by 30% by 2025[126].