Financial Performance - The company achieved a 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 gross profit margin for the year was approximately 24.79%, down from 32.99% in the previous year[16]. - The net profit attributable to shareholders was RMB 260,703,000, an increase of RMB 5,183,000 or about 2.03% from RMB 255,520,000 in the previous year[16]. - Basic earnings per share were approximately RMB 0.75, compared to RMB 0.71 in the previous year[8]. - The company's operating revenue for the year ended December 31, 2024, was RMB 1,417,986,998, an increase of approximately 61.85% compared to RMB 876,104,954 in the previous year[31]. - 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 decline in sales prices[31]. - The net profit attributable to the parent company for the year was RMB 260,703,197, representing a year-on-year increase of approximately 2.03% from RMB 255,520,074[32]. - The company experienced a substantial increase in operating costs, with operating costs rising by 81.66% to RMB 1,066,452,818[33]. - The main business revenue reached RMB 1,411,667,732.00, an increase of approximately 62.53% year-on-year[35]. - The main business cost amounted to RMB 1,063,304,525.25, reflecting a year-on-year increase of about 82.03%[35]. Assets and Liabilities - Total assets increased to RMB 2,779,526,000 in 2024 from RMB 2,610,342,000 in 2023, reflecting a growth of approximately 6.46%[11]. - Total liabilities rose to RMB 133,760,000 in 2024 from RMB 80,721,000 in 2023, indicating an increase of approximately 65.5%[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 capabilities by acquiring a factory and equipment in Shaanxi, enhancing its operational capacity and resource utilization[16]. - The company acquired assets from Akesu Hengtong Juice Co., Ltd. in 2023 and from Fuxian Hengxing Juice Co., Ltd. in 2024, expanding its production capacity in key apple-growing regions[22]. - The company plans to expand production capacity to address market demand and support local fruit farmers[40]. - The company has expanded its production layout to 10 factories across 7 provinces, enhancing its market share in the concentrated juice industry[55]. - 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]. Market and Sales Strategy - The company established long-term stable partnerships with clients in over 30 countries, expanding its market presence and sales channels[17]. - The company aims to enhance its market share in NFC juice products and expand its domestic market presence while strengthening its leading position in the industry[22]. - 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 plans to broaden sales channels and increase marketing efforts in both domestic and international markets, focusing on the development of various juice products[23]. - The company aims to diversify its product offerings by developing tomato juice, orange juice, and lemon juice, in addition to concentrated apple juice[60]. Research and Development - The company has established advanced R&D laboratories and testing centers, enhancing its capabilities in deep processing of fruits and vegetables, and has been recognized as a national technology innovation institution[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]. 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 is committed to high standards of corporate governance and regularly reviews its policies and practices in light of regulatory changes[97]. - The board established four committees: Audit Committee, Nomination Committee, Remuneration and Assessment Committee, and Strategic Committee, each adhering to the principles outlined in the corporate governance code[114]. - The company has mechanisms in place to ensure that the board receives independent opinions and can seek professional advice at the company's expense[112]. Risk Management - The internal control system is reviewed annually, focusing on financial, operational, regulatory compliance, and risk management[122]. - The company employs a "three lines of defense" model for risk management and internal control[124]. - The audit committee assists the board in monitoring the company's risk management and internal control systems[132]. - The internal audit department conducts independent audits of the internal control system's adequacy and effectiveness[128]. Dividend Policy - 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]. - The company has seen a 107.22% increase in cash paid for dividends, totaling RMB 76,780,000.00, reflecting increased dividend payments during the reporting period[51]. Investment and Financing - 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 company plans to extend the authorization for the board to issue A-shares until the annual general meeting in 2025[197]. - 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]. - The company plans to utilize various financing methods, including targeted placements and bank loans, to support sustainable development[62].
安德利果汁(02218) - 2024 - 年度财报