CHANGYU(000869)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was CNY 3,953,067,583, representing a year-on-year increase of 16.42%[28]. - The net profit attributable to shareholders for 2021 was CNY 500,102,606, an increase of 6.21% compared to the previous year[28]. - The net cash flow from operating activities reached CNY 1,125,382,658, showing a significant increase of 122.78% year-on-year[28]. - The company maintained a basic and diluted earnings per share of CNY 0.73, up 5.80% from the previous year[28]. - Total assets at the end of 2021 were CNY 13,472,009,754, reflecting a 2.82% increase from the end of 2020[28]. - The company reported a weighted average return on equity of 4.84% for 2021, slightly up from 4.57% in 2020[28]. - The company achieved operating revenue of CNY 3,953,067,583 in 2021, representing a year-on-year growth of 16.42%[53]. - The net profit attributable to shareholders reached CNY 500,100,000, an increase of 6.21% compared to the previous year[53]. - The gross profit margin for the total sales was 58.32%, up from 55.71% in the previous year[53]. - The total operating revenue for 2021 reached CNY 3,953,067,583, representing a year-on-year increase of 16.42% compared to CNY 3,395,402,001 in 2020[57]. - Wine sales accounted for 71.69% of total revenue, amounting to CNY 2,834,114,276, with a year-on-year growth of 16.90%[57]. - Brandy sales generated CNY 1,036,164,837, which is 26.22% of total revenue, reflecting an 18.09% increase from the previous year[57]. - Domestic sales contributed CNY 3,421,775,481, making up 86.56% of total revenue, with an 18.44% increase year-on-year[57]. Dividend Distribution - The company plans to distribute a cash dividend of 4.50 RMB per 10 shares (including tax) to all shareholders, based on a total share capital of 685,464,000 shares[10]. - The company distributed a cash dividend of 4.50 yuan per 10 shares, totaling 308,458,800 yuan, which accounted for 100% of the total profit distribution[182]. - The proposed cash dividend distribution is RMB 4.5 per 10 shares, totaling RMB 308,458,800, with the remaining undistributed net profit carried forward to the next year[185]. Business Operations - The company reported that its main business includes the production, processing, and sales of wine, distilled spirits, and non-alcoholic beverages, with a focus on expanding its market presence[23]. - The company has not reported any changes in its business scope since its last adjustment in 2016, maintaining a consistent focus on wine and related products[23]. - The company operates primarily through a distribution model, with approximately 4,831 distributors by the end of the reporting period, an increase of 384 from the beginning of the year[42][43]. - The company has established a nationwide marketing network, enhancing its marketing capabilities and market expansion efforts[49]. - The company has completed a global capacity layout in major wine-producing countries, allowing better utilization of quality resources[50]. - The online sales channel has shown rapid growth, ranking first in the total online sales of the wine industry[53]. - The company has focused on high-end products to enhance brand influence and long-term development[54]. - The company aims to adapt its marketing strategies to consumer preferences and enhance product quality to drive future growth[36]. - The company has ongoing construction projects with a total actual investment of ¥3,984,165,800, including the Yantai Zhangyu International Wine City projects[84]. Research and Development - Research and development expenses surged by 140.97%, reflecting the company's increased investment in R&D and the acquisition of new scientific equipment[53]. - The company acquired three national invention patents for wine technology and two for brandy, emphasizing its commitment to innovation[55]. - The company has initiated a strategic partnership with a local distributor in Europe to enhance market penetration[142]. - Research and development investments have increased by 10%, focusing on innovative wine production techniques[142]. Risk Management - The company emphasizes the importance of risk management in its future development outlook, advising investors to be aware of potential investment risks[10]. - The company recognizes risks such as raw material price fluctuations, market input-output uncertainties, and transportation risks, and will implement strategies to mitigate these risks[104][105][106]. - The company acknowledges the potential impact of external factors such as exchange rate fluctuations and pandemic risks on its operations[108]. Corporate Governance - The company has independent financial departments and operates a complete and independent financial accounting system[125]. - The company has a total of 5 independent directors, accounting for more than one-third of the board[115]. - The company has established a robust organizational structure with independent functioning of the board and supervisory committee[126]. - The company actively respects and protects the rights of stakeholders and engages in social responsibility initiatives[118]. - The company has a dedicated investor relations management responsible for information disclosure and shareholder communication[122]. - The company has no significant differences in governance practices compared to regulations set by the China Securities Regulatory Commission[122]. Employee Management - The total number of employees at the end of the reporting period was 2,297, with 1,131 in the parent company and 1,166 in major subsidiaries[164]. - The company has implemented a comprehensive compensation and benefits system, ensuring all employees are covered by social insurance[161]. - The company has established a training program for middle and senior management to enhance strategic thinking and decision-making capabilities[166]. - The company encourages employees to participate in professional training and qualification exams to enhance their skills and knowledge[168]. Environmental Responsibility - The company has constructed a wastewater treatment plant that utilizes hydrolysis-aerobic biological treatment technology[200]. - The total discharge of pollutants is 35m³/d, while the approved discharge limit is 120m³/d, indicating no exceedance of discharge standards[198]. - The company has implemented a complete emergency response plan for sudden environmental incidents[200]. - The company has established a comprehensive environmental self-monitoring plan[200]. - The company has received environmental protection approval from the Huanren Manchu Autonomous County Environmental Protection Bureau[200].