Financial Performance - The company achieved operating revenue of RMB 1,417,987,000 for the year ended December 31, 2024, representing an increase of approximately 61.85% compared to RMB 876,105,000 in the previous year[8]. - The net profit attributable to shareholders was RMB 260,703,000, an increase of RMB 5,183,000 or approximately 2.03% from RMB 255,520,000 in the prior year[8]. - The basic earnings per share were RMB 0.75, compared to RMB 0.71 in the previous year[8]. - The gross profit for the year was RMB 351,534,180, with a gross margin of approximately 24.79%, down from 32.99% in the previous year due to increased shipping costs and a slight decrease in sales prices[31]. - The company's main business revenue reached RMB 1,411,667,732.00, an increase of approximately 62.53% year-on-year[35]. - The gross profit margin for the beverage manufacturing sector was 23.56%, down 8.29% compared to the previous year[36]. - The company experienced a substantial increase in operating costs, with operating costs rising by 81.66% to RMB 1,066,452,818 compared to the previous year[33]. - The company plans to maintain a cash dividend payout ratio of no less than 30% of the net profit attributable to shareholders for the year 2024[28]. - The company plans to distribute at least 30% of the net profit attributable to shareholders as cash dividends for the fiscal year 2024[174]. Assets and Liabilities - The total assets increased to RMB 2,779,526,000 as of December 31, 2024, up from RMB 2,610,342,000 in 2023[11]. - The total liabilities rose to RMB 133,760,000 in 2024, compared to RMB 80,721,000 in 2023[11]. - The company's debt-to-asset ratio as of December 31, 2024, was approximately 4.81%, up from 3.09% in 2023, indicating an increase in total liabilities to RMB 133,760,118[75]. Production and Capacity Expansion - The company expanded its production by acquiring facilities and equipment in Fuxian County, Shaanxi, enhancing its operational capacity[16]. - The company plans to expand production capacity to address market demand and support local fruit farmers[40]. - The company plans to increase production capacity for decolorized and deacidified concentrated juice by 7,200 tons and 12,000 tons of NFC juice, aiming to create a second growth curve[55]. - The production volume of apple juice was 131,800 tons, with a year-on-year increase of 39.18%[40]. - The company has expanded its production layout to 10 factories across 7 provinces, enhancing its market share in the concentrated juice industry[55]. Market and Sales - The company has established long-term stable partnerships with customers in over 30 countries, actively expanding its sales channels and market share in concentrated juice products[17]. - The international market contributed RMB 1,005,556,391.19 to revenue, showing a growth of 84.09%[39]. - The sales network has expanded to major countries and regions worldwide, including the US, Japan, Europe, and South America, enhancing the company's brand recognition[56]. - The company reported a significant increase in sales volume and revenue, despite challenges such as rising raw material prices and high tariffs in the U.S. market[29]. Research and Development - The company has established advanced R&D laboratories and a quality control team, enhancing its technological and talent advantages in deep processing of fruits and vegetables[18]. - The company is involved in key R&D projects, including the development of critical technologies for deep processing of representative northern fruits and apple quality control[24]. - The company is focusing on R&D projects for key technologies in deep processing of representative northern fruits, with significant economic benefits and international advanced standards achieved[49]. - The company plans to develop and invest in an NFC apple juice production line in 2024 to meet diverse customer demands and enhance product variety[66]. Risk Management and Governance - The company is actively monitoring foreign currency transactions to mitigate exchange rate risks, particularly with USD-denominated revenues[67][70]. - The company has established mechanisms to ensure independent viewpoints are available to the board, including the right to hire independent consultants[112]. - The internal control system is reviewed annually, focusing on financial, operational, regulatory compliance, and risk management[122]. - The audit committee assists the board in monitoring the company's risk management and internal control systems[132]. Corporate Governance - The company is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, adhering strictly to corporate governance regulations and internal control procedures[97]. - The board consists of eight members, including three executive directors and three independent non-executive directors, ensuring a balance of skills and experience[101]. - The company has a comprehensive onboarding process for new directors, covering business operations, policies, and regulatory responsibilities[109]. - The company encourages ongoing training for directors to enhance their knowledge of corporate governance and regulatory updates[112]. Shareholder Information - The company distributes dividends in cash, stock, or a combination, committing to distribute at least 10% of the distributable profits in cash annually[153]. - The company's reserves available for distribution to shareholders as of December 31, 2024, amounted to RMB 830,269,087, an increase from RMB 638,241,153 in 2023[182]. - Shareholders holding over 10% of shares can request an extraordinary general meeting within 10 days of their written request[156]. Investment and Financing - The company plans to issue shares to specific investors with a total financing amount not exceeding RMB 300 million, which is capped at 20% of the net assets as of the end of the previous year[196]. - The company has submitted an application for a simplified procedure to issue A-shares, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[173]. - The total amount of funds to be raised from this issuance is capped at RMB 300 million, which does not exceed 20% of the company's net assets as of the end of the last fiscal year[198].
安德利果汁(02218) - 2024 - 年度业绩