天佑德酒(002646) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥1,254,840,734.21, representing a 3.69% increase compared to ¥1,210,158,159.46 in 2023[23]. - The net profit attributable to shareholders decreased by 52.96% to ¥42,135,340.70 from ¥89,581,301.49 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥38,168,861.36, down 55.06% from ¥84,937,921.29 in 2023[23]. - The net cash flow from operating activities significantly dropped by 82.03% to ¥18,665,815.05 compared to ¥103,893,749.89 in 2023[23]. - Basic earnings per share decreased by 53.48% to ¥0.0882 from ¥0.1896 in the previous year[23]. - The total amount of non-recurring gains and losses for 2024 was approximately ¥3.97 million, a decrease from ¥4.64 million in 2023[29]. - The company's total revenue for the reporting period was CNY 1,080,832,486.03, a slight decrease of 0.05% compared to CNY 1,087,374,081.95 in the previous period[38]. - The revenue from liquor manufacturing was CNY 1,080,832,486.03, accounting for 86.13% of total revenue, showing a slight decline of 0.60% compared to the previous year[57]. - The company reported a decrease in sales volume of liquor by 3.24%, totaling 14,679 tons, and a production volume decrease of 13.65%, totaling 13,981 tons[61]. - The company reported a net profit decrease of 36.97% compared to the previous year, primarily due to a decline in operating profit[95]. Cash Flow and Assets - Total assets at the end of 2024 were ¥3,344,517,538.86, a slight increase of 0.49% from ¥3,328,186,491.53 in 2023[23]. - The net assets attributable to shareholders decreased by 0.28% to ¥2,814,061,051.34 from ¥2,822,092,907.22 in 2023[23]. - Cash and cash equivalents decreased by 742.10% to -¥160,434,777.45 in 2024, down from an increase of ¥24,986,003.21 in 2023, attributed to declines in operating, investing, and financing cash flows[77]. - Accounts receivable decreased to CNY 20,641,175.12, representing 0.62% of total assets, down from 0.70%[80]. - Inventory increased to CNY 1,488,096,963.17, accounting for 44.49% of total assets, up from 40.47%[80]. - Fixed assets decreased to CNY 1,017,530,886.89, making up 30.42% of total assets, down from 31.37%[80]. Market and Sales Strategies - The company has implemented a "control volume and support price" strategy to assist distributors in improving sales and managing inventory[32]. - Innovative marketing strategies, such as consumer scan codes and promotional events, have effectively boosted consumer purchasing enthusiasm and improved terminal sales rates[37]. - The company is actively pursuing international market expansion while enhancing its brand influence through various cultural and sports marketing events[33]. - The company has successfully expanded its product coverage in underperforming regions, significantly increasing market penetration in county and township markets[36]. - The company is focusing on transforming its marketing strategy by expanding in key markets such as Xining, Lanzhou, and Lhasa, while also targeting strategic markets in Shanxi, Shaanxi, and Henan[98]. Research and Development - The company has maintained a strong research and development investment, with a focus on talent cultivation and innovation[52]. - R&D investment increased by 27.10% to ¥37,771,986.24 in 2024, compared to ¥29,718,926.95 in 2023, with R&D expenditure accounting for 3.01% of operating revenue[73]. - The company is developing new barley varieties to enhance the deep processing industry chain and improve product quality[71]. - The company has completed the selection and identification of unique microbial strains from the Qinghai-Tibet Plateau, enhancing the quality of its liquor[72]. - The company has launched new products, including a functional beverage made from Qingke and Goji berries, expanding its product line[72]. Governance and Compliance - The company is committed to strengthening its internal governance and compliance with relevant laws and regulations, ensuring independent operations of its board and management[104]. - The board of directors consists of 9 members, including 1 chairman and 3 independent directors, meeting legal requirements[105]. - The company has established a performance evaluation and incentive mechanism for senior management, with assessments based on work capability and achievement of performance targets[106]. - The company has a clear organizational structure with defined roles for management and oversight, promoting operational efficiency[124]. - The company has not reported any significant financial irregularities or governance issues during the reporting period[116]. Environmental Responsibility - The company holds a pollution discharge permit valid until April 14, 2028, for wastewater and waste gas management[154]. - The company complies with multiple environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China[154]. - The company has implemented pollution control measures that ensure all wastewater discharges are treated to meet national standards[155]. - The company has committed to a "zero carbon action" initiative, focusing on green production and strict adherence to pollution discharge standards[160]. - The company has reported no administrative penalties related to environmental issues during the reporting period[162]. Employee Relations and Compensation - The company has established a competitive salary system across four main sequences: management, professional, operational, and sales, to enhance employee motivation and retention[140]. - The company emphasizes ongoing training programs to enhance employee skills and professional development, integrating training with business needs[141]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5643 million[128]. - The company has a clear profit distribution policy in place, ensuring the protection of minority shareholders' interests[143]. - The company plans to optimize its salary management system in 2024 to align with strategic goals and improve operational efficiency[140].