安德利(605198) - 2023 Q4 - 年度财报

Corporate Governance and Compliance - The company strictly adheres to the "Shanghai Stock Exchange Listing Rules," "Articles of Association," and "Information Disclosure Management System" to ensure the accuracy, completeness, and timeliness of information disclosure[2] - The company plans to further standardize operations and improve corporate governance levels in accordance with the "Company Law," "Securities Law," and relevant regulations from the China Securities Regulatory Commission and stock exchanges[2] - The 2022 Annual General Meeting approved several key resolutions, including the 2022 Annual Report, 2022 Profit Distribution Plan, and the reappointment of the 2023 auditor[3] - The company proposed a general authorization for the board to repurchase up to 10% of the issued H shares[3] - The company's internal control audit report for 2023 received a standard unqualified opinion from Dahua Certified Public Accountants[55] Leadership and Management - Wang An, the Chairman and Executive Director, has extensive experience in the company's management and has received numerous awards and honors for his contributions[4] - Zhang Hui, the Vice Chairman and Non-Executive Director, has a long history with the company, having served in various roles including Executive Director and CEO[4] - Wang Kun, the Executive Director and CEO, has held multiple leadership positions within the company and its subsidiaries since joining in 2000[4] - Wang Meng, the Executive Director and Vice President, has a diverse background in investment and management, including roles at Harvest Wealth Management and various subsidiaries[4] - The company has established a performance evaluation and incentive mechanism for senior management to improve efficiency and market competitiveness[31] Financial Performance - The company's total assets amount to 195,542,386, with a decrease of 8,622,880 compared to the previous period[16] - The company's total liabilities are 186,919,506, showing a reduction from the previous period[16] - The company's net profit for the period is 261.57, indicating a positive financial performance[16] - Revenue for 2023 decreased by 17.77% to 876,104,953.71 RMB compared to 1,065,429,309.28 RMB in 2022[36] - Net profit attributable to shareholders increased by 31.47% to 255,520,074.21 RMB in 2023 from 194,348,828.93 RMB in 2022[36] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 40.00% to 231,167,577.23 RMB in 2023 from 165,125,398.64 RMB in 2022[36] - Net cash flow from operating activities decreased by 112.40% to -29,851,675.83 RMB in 2023 from 240,769,360.62 RMB in 2022[36] - Total assets at the end of 2023 were 2,610,342,331.37 RMB, a slight increase of 0.02% compared to 2,609,813,359.85 RMB at the end of 2022[36] - Shareholders' equity increased by 6.76% to 2,529,621,676.13 RMB at the end of 2023 from 2,369,409,816.96 RMB at the end of 2022[36] - The company achieved a net profit attributable to shareholders of 255,520,074.21 yuan for the year, with distributable profits reaching 2,070,671,322.38 yuan as of December 31, 2023[50] - Basic earnings per share for 2023 were 0.71 yuan, an increase of 31.48% compared to 2022[146] - Diluted earnings per share for 2023 were 0.71 yuan, an increase of 31.48% compared to 2022[146] - The weighted average return on equity (ROE) for 2023 was 10.33%, an increase of 2.13 percentage points compared to 2022[146] - The company's non-recurring gains and losses for 2023 amounted to 24,352,496.98 yuan, a decrease from 29,223,430.29 yuan in 2022[149] - The company's asset management plan decreased by 47,634,910.28 yuan, impacting current profits by 13,547,224.06 yuan[150] - The company's fund products increased by 33,800,540.00 yuan, negatively impacting current profits by 7,913,212.64 yuan[150] - The company's equity investment decreased by 118,257,845.87 yuan, positively impacting current profits by 16,160,689.39 yuan[150] - Revenue for the period was 876.10 million, a decrease of 17.77% compared to the previous year[189] - Operating costs decreased by 31.12% to 587.06 million[189] - Net profit attributable to shareholders was 61.91 million, a decrease from 101.66 million in the previous period[186] - Net cash flow from operating activities was -29.85 million, a significant drop of 112.40% compared to the previous year[189] Environmental and Social Responsibility - The company has established environmental monitoring indicators, including COD, PH value, ammonia nitrogen, suspended solids, total nitrogen, and total phosphorus, with specific emission concentration limits[28] - The company has obtained environmental assessment approvals for its Bai Shui Andeli fruit and vegetable juice production line project and gas boiler project[29] - The company has developed emergency response plans for environmental incidents at its subsidiaries, including Bai Shui Andeli, Dalian Andeli, Yongji Andeli, and Xuzhou Andeli[30] - The company's main pollutants include production and domestic wastewater, boiler exhaust, and monitoring indicators such as COD, ammonia nitrogen, total nitrogen, total phosphorus, sulfur dioxide, nitrogen oxides, and particulate matter[32] - The company invested 8.9971 million yuan in environmental protection during the reporting period[55] - Four subsidiaries were listed as key pollutant discharge units by local environmental protection departments in 2023[60] - The company's subsidiaries have established wastewater treatment stations, with all production and domestic wastewater treated to meet standards before being discharged into urban sewage networks[71] - The company's subsidiaries have been included in the list of key environmental supervision units by local environmental protection departments due to their significant water usage[64] - The company has not received any warnings, political rectifications, or administrative penalties related to environmental protection as of the announcement date[66] - The company's subsidiaries have passed environmental protection acceptance for their wastewater treatment stations, with the earliest being Xuzhou Andeli in December 2005[57] - The company's wastewater treatment equipment was upgraded to increase biogas utilization and reduce particulate fuel usage, thereby lowering carbon emissions[73] - The company's environmental protection measures included the expansion of its concentrated juice production line to 37,500 tons/year capacity, approved in 2008[72] Shareholder and Stock Information - The company's stock is listed on both the Shanghai Stock Exchange (A-share, stock code 605198) and the Hong Kong Stock Exchange (H-share, stock code 02218)[44] - The company's A-share and H-share restricted shares totaling 204,012,840 shares became tradable on September 18, 2023[48] - The company's total number of shares as of December 31, 2023, is 349,000,000, with 270,536,000 A shares and 78,464,000 H shares[81] - The company repurchased 8,700,000 H shares from September 22, 2023, to November 24, 2023, accounting for 9.98% of the total H shares authorized for repurchase[95] - The top 10 shareholders include Hong Kong Central Clearing (Agent) Limited holding 78,905,717 shares (22.61%), Donghua Fruit Industry Co., Ltd. holding 65,779,459 shares (18.85%), and Shandong Andre Group Co., Ltd. holding 54,658,540 shares (15.66%)[83] - The company's overseas-listed foreign shares increased by 8,522,880 shares, reaching 78,464,000 shares, accounting for 22.48% of the total shares[89] - The company's total assets as of the reporting period were RMB 204,012,840[81] - The company's top 10 shareholders include China Pingan Investment Holdings Limited holding 46,351,961 shares (13.28%) and Chengdu Uni-President Foods Co., Ltd. holding 42,418,360 shares (12.15%)[83] - The total number of restricted shares at the beginning of the year was 204,012,840, accounting for 57.03% of the total shares, and all were released by the end of the year, resulting in 0 restricted shares[108] - The company's unrestricted shares increased by 195,312,840 during the reporting period, reaching a total of 349,000,000 shares, accounting for 100% of the total shares[108] - The company's A-share issuance in 2020 was fully approved for trading, with no termination date specified[111] - The company plans to repurchase up to 10% of its issued H shares, with a total of 8,716,400 shares, representing 10% of the total share capital[128] Operations and Production - The company's total number of employees in the company is 1,025, with 589 production personnel, 21 sales personnel, and 310 technical personnel[49] - The company's sales network has expanded to major global markets including the US, Japan, Europe, Oceania, Africa, South America, and the domestic Chinese market[152] - The company's subsidiary, Aksu Andeli, acquired land, buildings, and equipment in Xinjiang for RMB 59.9064 million to expand production capacity and tap into the "Belt and Road" emerging markets[154] - The company continues to optimize its customer base and increase sales of high-value-added products such as apple fructose, NFC apple juice, and peach juice[153] - The company aims to improve management efficiency and optimize resource allocation, including assets, human resources, and technology[154] - The company is a major global producer of concentrated juices, with products including apple, pear, lemon, peach, and strawberry juices, sold to renowned beverage manufacturers and traders worldwide[157] - The company's strategy includes expanding domestic sales, diversifying products, and optimizing customer relationships[180] - The company acquired the operating assets of a juice factory in Aksu and added new production lines for concentrated peach and hawthorn juice[195] - The company maintains long-term stable cooperation with customers in over 30 countries and has expanded sales of small varieties like apple fructose and NFC apple juice[197] - The company has passed various international certifications including ISO9001, HACCP, BRC, KOSHER, and HALAL, and has been approved by major international companies like Coca-Cola and PepsiCo[198] - The company is a leading enterprise in the concentrated apple juice industry in China, with a strong market position and brand recognition[199] - The company has a stable and innovative team, ensuring high-quality production and global customer satisfaction[200] Dividends and Profit Distribution - The company has a policy to distribute dividends in cash, with a minimum of 10% of the distributable profits allocated for cash dividends[24] - The company plans to distribute a cash dividend of RMB 1.50 per share (tax included) based on 349,000,000 shares[165] Market and Industry Trends - In 2023, China's concentrated apple juice exports decreased by 33% to 268,105 tons compared to 399,139 tons in 2022[155] Accounts Receivable and Inventory - The company's accounts receivable balance at the end of the period was RMB 143,917,408.94, with a provision for bad debts of RMB 9,474,403.13[118] - The company's inventory balance at the end of the period was RMB 900,933,178.00, accounting for 34.51% of total assets[122] - The company's accounts receivable primarily comes from the sales of concentrated juice and related products[118] - The company's revenue recognition was confirmed to comply with the relevant requirements of the enterprise accounting standards[121] - The company's inventory confirmation and measurement were deemed appropriate based on the audit work performed[124] - The company's accounts receivable bad debt provision was assessed as reasonable based on the audit procedures performed[119] Related-Party Transactions - The company's total revenue from related-party transactions in the reporting period was RMB 18,041.85 million[77] Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 4,880, including 4,859 A-share shareholders and 21 H-share shareholders[82] Intellectual Property and Standards - The company holds 7 national invention patents and has participated in drafting 3 national standards and 1 industry standard[131] Remuneration - The company's total remuneration for directors, supervisors, and senior management was 2.62 million (pre-tax) for the reporting period[190]