Company Overview - The total share capital of Anhui Chinaherb Flavors & Fragrances Co., Ltd. is 76,981,929 shares, with no preferred shares issued[23]. - The company went public on September 13, 2024, after issuing 17,192,500 ordinary shares, increasing total shares from 59,789,429 to 76,981,929[23]. - The registered capital of the company is RMB 76,981,929[23]. - The company is listed on the Beijing Stock Exchange under the stock code 920016[19]. - The actual controller of the company is Li Li, with no concerted action parties[22]. - The company has a standard unqualified audit report issued by Zhonghui Certified Public Accountants[13]. - The company has no delisting risk as per the current assessment[15]. Financial Performance - The company's operating revenue for 2024 reached ¥222,152,611.04, representing a year-over-year increase of 7.89% compared to ¥205,907,995.81 in 2023[28]. - The net profit attributable to shareholders decreased by 10.75% to ¥36,626,068.34 in 2024 from ¥41,035,910.44 in 2023[28]. - The total assets increased by 34.74% to ¥569,467,997.24 at the end of 2024, up from ¥422,646,161.25 at the end of 2023[30]. - The company's net assets attributable to shareholders rose by 64.00% to ¥366,880,874.29 in 2024, compared to ¥223,707,882.14 in 2023[30]. - The basic earnings per share decreased by 17.39% to ¥0.57 in 2024 from ¥0.69 in 2023[28]. - The operating cash flow for 2024 was ¥31,003,710.84, a decline of 46.60% from ¥58,059,753.08 in 2023[30]. - The company reported a decrease in the net profit growth rate of 10.75% in 2024, contrasting with an 8.81% increase in 2023[30]. - The company received government subsidies amounting to ¥15,626,976.25 in 2024, significantly higher than ¥4,100,551.11 in 2023[35]. Assets and Liabilities - Accounts receivable increased by 57.58% to ¥43,919,665.26, attributed to unsettled accounts and increased revenue during the reporting period[62]. - Fixed assets grew by 266.33% to ¥225,196,447.00, primarily due to the completion of projects in the herbal new materials sector[62]. - Short-term borrowings rose by 60.38% to ¥83,125,496.09, reflecting the company's increased operational financing needs[62]. - The capital reserve increased by 131.81% to ¥171,394,312.59, mainly due to stock issuance and premium increases[62]. - The company's long-term borrowings decreased by 54.83% to ¥48,775,606.90, as funds raised were used to repay some long-term debts[62]. - The company's employee compensation liabilities increased by 122.23% to ¥3,443,723.50, driven by a rise in workforce and unallocated year-end bonuses[62]. - Deferred tax liabilities increased by 183.76% to ¥69,267.88, reflecting an increase in taxable temporary differences[62]. Research and Development - The company focuses on R&D for new products and processes, with projects like "Efficient Synthesis of Wave Clean Red Aldehyde" completed during the reporting period[53][54]. - The company has expanded its R&D team significantly, increasing the number of master's degree holders from 5 to 9 and bachelor's degree holders from 7 to 25[94]. - R&D expenditure for the current period amounted to ¥9,248,912.31, representing 4.16% of operating revenue, compared to 4.21% in the previous period[92]. - The total number of R&D personnel increased from 18 to 49, with the proportion of R&D staff in total employees rising from 9.52% to 15.61%[94]. - The company has completed laboratory projects on high-efficiency synthesis of Polygodial, aiming for high yield and stable quality, which will enhance its competitiveness in the daily chemical industry[96]. Market and Sales - The company achieved total assets of 569.468 million yuan, an increase of 146.8218 million yuan, representing a growth rate of 34.74%[51]. - The company expanded its overseas sales by 18.80% year-on-year, reflecting efforts to enhance its international market presence[75]. - The company is actively managing raw material price volatility, which significantly impacts production costs, by pre-stocking materials during price increases[111]. - The company is focusing on expanding its market presence by participating in domestic and international industry exhibitions to enhance sales levels[109]. Shareholder Information - Li Li holds 31,438,274 shares, representing 40.84% of the total share capital, making her the controlling shareholder[143]. - The total number of shares held by the top ten shareholders is 56,861,027, accounting for 73.86% of the total share capital[140]. - The company raised a total of RMB 128,943,750.00 through the public offering of 17,192,500 shares, with a net amount of RMB 114,648,634.44 after deducting issuance costs[147]. - The company issued cash dividends of 1.3 yuan per 10 shares, totaling 10,007,650.77 yuan during the reporting period[154]. - The company has a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring clarity and compliance[156]. Corporate Governance - The company has not reported any significant fluctuations in the operating performance of its subsidiaries or associated companies[89]. - The company has not engaged in any acquisitions or disposals of subsidiaries during the reporting period[89]. - The company has no incidents of shareholder or related party misappropriation of funds during the reporting period[124]. - The company has ongoing daily related transactions, including purchasing raw materials for 75,221.24 yuan against an estimated 500,000 yuan[124]. Environmental and Social Responsibility - The company has established an environmental management system and is committed to sustainable development and compliance with environmental regulations[105]. - The company is committed to fulfilling its social responsibilities, including supporting poverty alleviation and environmental protection initiatives[104]. Risks and Challenges - The company acknowledges potential uncertainties from macroeconomic changes, trade environment shifts, and intensified industry competition[110]. - The company faces risks of performance not sustaining high growth or even declining due to macroeconomic fluctuations, industry policy changes, and market competition[112].
中草香料(920016) - 2024 Q4 - 年度财报