SZAP(SZ:000061)2023-04-26 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2022, representing a year-on-year increase of 15%[13]. - The company achieved a total revenue of CNY 4.35 billion in 2022, representing a year-on-year growth of 6.39%[50]. - The net profit attributable to shareholders was CNY 199,660,557.50, a decrease of 46.64% from CNY 374,189,925.18 in the previous year[21]. - The net profit for the year was CNY 327 million, a decrease of 33.95% compared to the previous year, with net profit attributable to shareholders declining by 46.64% to CNY 200 million[50]. - The company reported a gross profit margin for 2022 of 25%, with an aim to increase it to 30% by the end of 2023 through cost control measures[13]. - The company reported a significant loss in non-recurring asset disposal in 2022, amounting to approximately CNY 1.11 million, contrasting with a gain of approximately CNY 138.96 million in 2021[29]. - The company’s overall net profit decreased by 1.90% in 2022, totaling 46,390 million, compared to 42,872 million in 2021[1]. Strategic Initiatives - The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, based on a total share capital of 1,696,964,131 shares[3]. - Future plans and strategic developments mentioned in the report do not constitute a commitment to investors, highlighting potential investment risks[3]. - The company is focused on expanding its market presence and improving operational efficiency through government support and strategic initiatives[35]. - The company plans to enhance transaction efficiency in the agricultural supply chain and ensure food safety and quality[49]. - The company is actively pursuing a digital "vegetable basket" project, which aims to enhance its online presence and service offerings[116]. - The company is considering the feasibility of project investments related to the liquidation of its subsidiary, Putian Haijixing Company[161]. Market Analysis - The report includes a comprehensive analysis of the agricultural wholesale market's current state and future outlook[3]. - The agricultural product wholesale market has experienced continuous rapid development, becoming a key node in the agricultural supply chain[34]. - The agricultural wholesale market is expected to face increased competition from supermarkets, e-commerce, and new retail formats, necessitating strategic adaptations[8]. - The government has emphasized the importance of agricultural product market systems in recent policy documents, aiming to ensure stable supply and enhance logistics networks[35]. Governance and Compliance - The report indicates no significant internal control deficiencies, ensuring the reliability of financial reporting[3]. - The company is committed to maintaining compliance with regulatory requirements set by the China Securities Regulatory Commission[3]. - The company has established a clear governance structure, ensuring independence from its controlling shareholder in operations and finances[122]. - The company completed the self-inspection and rectification of governance issues as per the China Securities Regulatory Commission's requirements, with no significant problems found[186]. - The company has a structured plan to maintain its operational independence and avoid conflicts of interest[199]. Operational Developments - The company is investing 100 million RMB in technology upgrades to improve supply chain efficiency and reduce operational costs by 15%[13]. - The company has established partnerships with over 380,000 acres of agricultural bases, expanding its base projects across multiple provinces[42]. - The company has significantly increased its urban food ingredient distribution business, with self-owned brand products exceeding 30,000 tons in sales[43]. - The company is constructing cold chain logistics facilities to enhance the efficiency of agricultural product distribution[37]. - The company has launched a new brand image focused on becoming a "technology and value enabler" in agricultural product circulation[46]. Employee and Management Changes - The company appointed new senior management, including Mr. Xiang Zili as the CFO and Ms. Jiang Jiang as the board secretary, with a term aligned with the ninth board of directors[129]. - The company reported a leadership change with the resignation of former president Huang Ming on September 22, 2022, due to retirement[134]. - The total number of employees at the end of the reporting period was 4,778, with 134 at the parent company and 4,644 at major subsidiaries[164]. - The company’s management team includes a diverse group of individuals with varying ages and backgrounds, ensuring a broad range of perspectives[129]. Research and Development - Research and development expenses increased by 83.02% to CNY 16.79 million, reflecting a significant investment in innovation[67]. - The R&D investment as a percentage of operating revenue rose to 0.39%, up from 0.25% in the previous year[71]. - The company is exploring partnerships with technology firms to integrate AI solutions into its operations, potentially increasing productivity by 20%[142]. Community Engagement and Support - The company has actively participated in poverty alleviation and rural revitalization efforts, aligning with government policies and initiatives[192]. - The company has supported the sale of over 750,000 tons of agricultural products from poverty alleviation areas, generating a transaction value of approximately 4.6 billion yuan[192]. - The company has organized two training sessions for 60 agricultural enterprises and 30 food processing companies in Shantou, recommending 33 high-quality enterprises for product certification[193].