湘佳股份(002982) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥4,203,654,432.36, an increase of 8.06% compared to ¥3,890,122,738.57 in 2023[23]. - The net profit attributable to shareholders was ¥98,097,264.22, a significant turnaround from a loss of ¥147,151,499.35 in 2023, representing a 166.66% improvement[23]. - The net profit after deducting non-recurring gains and losses was ¥119,091,896.17, up 175.38% from a loss of ¥157,984,213.77 in the previous year[23]. - The cash flow from operating activities increased by 135.19% to ¥379,924,628.73 from ¥161,541,962.57 in 2023[23]. - The basic earnings per share improved to ¥0.69 from a loss of ¥1.03 in 2023, marking a 166.99% increase[23]. - Total assets at the end of 2024 were ¥4,166,733,797.65, an increase of 8.08% from ¥3,855,318,440.66 in 2023[23]. - The weighted average return on equity rose to 5.81% from -8.42% in 2023, reflecting a 14.23% improvement[23]. - The company reported a net profit of 102 million yuan in 2024, marking a turnaround from losses in the previous year[78]. - The total operating revenue for 2024 reached ¥4,203,654,432.36, representing an 8.06% increase compared to ¥3,890,122,738.57 in 2023[83]. - The revenue from fresh products accounted for 60.94% of total revenue, increasing by 14.87% year-on-year, while live poultry revenue decreased by 10.16% to 21.98% of total revenue[83]. - The gross profit margin for the fresh products segment was 25.98%, up by 3.10% from the previous year, while the gross profit margin for live poultry was only 0.53%, down by 4.89%[84]. Business Operations - The company has established a leading position in the yellow feather broiler industry, focusing on high-standard breeding and a comprehensive cold chain logistics system[38]. - The main products include live chickens, live ducks, and chicken and duck meat, with yellow feather broilers being a key product line[40]. - The company operates a full industry chain, including feed production, breeding, poultry farming, slaughtering, and sales[47]. - The yellow feather broiler market is expected to grow due to increasing consumer demand for quality meat products[38]. - The company has developed a mature marketing model for fresh poultry products, expanding sales through supermarkets and direct consumer engagement[38]. - The company has established 30 high-standard, fully automated standardized breeding bases in various regions, enhancing production efficiency and quality control[58]. - The company has implemented a strict quality control standard and quarantine procedures for both live poultry and ice-fresh poultry meat procurement, ensuring compliance with health regulations[53]. - The company has successfully transitioned towards fresh poultry and cooked food products, positioning itself as an industry leader[38]. - The company has established a cold chain logistics distribution system covering 29 provinces, enhancing its market presence in major cities along the Yangtze River[75][79]. Risk Management - The company has implemented a risk-sharing mechanism with farmers in the breeding process, ensuring both parties are protected against losses[54]. - The company has adopted a combination of policy agricultural insurance and commercial insurance to transfer and disperse risks associated with its operational model[69]. - The company is committed to enhancing biosecurity measures to prevent disease outbreaks that could impact poultry production[66]. - The company faced significant losses due to a severe snow disaster that affected some of its breeding farms, leading to damage to fixed and biological assets[72]. - The company is facing high costs related to testing, labor, and resource allocation due to the impact of African swine fever[113]. Corporate Governance - The company has a dedicated investor relations management team to enhance communication with investors through various channels[137]. - The board of directors consists of nine members, including three independent directors, ensuring effective governance and oversight[137]. - The company maintains a strict separation from its controlling shareholders in terms of personnel, assets, and financial operations, ensuring independence[140]. - The company has implemented a robust internal audit system to oversee economic operations and internal controls[138]. - The company has established a comprehensive governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[136]. - The company has committed to maintaining the independence of its operations, with no shared bank accounts with controlling shareholders[141]. Shareholder Engagement - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, with a capital reserve conversion of 4 additional shares for every 10 shares held[5]. - The company reported a net profit available for distribution to shareholders of ¥751,913,658.53, with a cash dividend distribution plan of ¥14,513,827.40, representing 100% of the profit distribution total[184]. - The profit distribution policy is subject to review and approval by the board and shareholders, ensuring transparency and compliance with regulations[183]. - The company will distribute cash dividends annually, with the board able to propose mid-term cash dividends based on profitability and funding needs[180]. - The employee stock ownership plan includes 57 employees holding a total of 1,701,000 shares, accounting for 1.19% of the company's total share capital[191]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion[156]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence[156]. - A new strategic initiative focuses on sustainability, with plans to reduce carbon emissions by 30% over the next five years[156]. - The company aims to drive agricultural productivity through digital systems, smart monitoring, and green transformation initiatives[80]. Employee Development - The company is committed to building a talent pool by recruiting professionals in management, technology, marketing, and finance[130]. - In 2024, the company plans to conduct approximately 700 training sessions, with around 15,000 participants, focusing on management and business skills[177]. - The company has a competitive salary policy, with employee compensation consisting of basic salary, performance pay, and year-end bonuses, emphasizing the importance of performance and job level[176]. Research and Development - The company is actively involved in research and development to innovate within the agricultural technology space[149]. - The company is investing in R&D for new technologies, with a budget allocation of 10 million yuan for the upcoming year[156]. - The company aims to achieve 100% self-supply of quality chicken breeds through its technology upgrade project, enhancing product competitiveness[93].