Zuming Bean(SZ:003030)2025-04-24 14:05Financial Performance - The company's operating revenue for 2024 was approximately ¥1.66 billion, representing a 12.58% increase compared to ¥1.48 billion in 2023[21]. - The net profit attributable to shareholders was a loss of approximately ¥25.14 million in 2024, a decline of 162.12% from a profit of ¥40.46 million in 2023[21]. - The net cash flow from operating activities decreased by 39.44% to approximately ¥106.85 million in 2024, down from ¥176.45 million in 2023[21]. - The total assets at the end of 2024 were approximately ¥2.29 billion, reflecting a 13.22% increase from ¥2.03 billion at the end of 2023[21]. - The basic earnings per share for 2024 was -¥0.20, a decrease of 162.50% compared to ¥0.32 in 2023[21]. - The company reported a significant decline in the weighted average return on equity, which fell to -2.46% in 2024 from 3.87% in 2023[21]. - The company's total revenue for 2024 reached ¥1,664,401,664.91, representing a year-on-year increase of 12.58% from ¥1,478,381,743.34 in 2023[76]. - Fresh soybean products accounted for 66.95% of total revenue, with sales amounting to ¥1,114,257,483.18, reflecting a 14.06% increase compared to ¥976,868,297.85 in the previous year[76]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[20]. - The company is positioned in the "other agricultural and sideline food processing" industry, specifically in "tofu production," which has seen rapid growth due to increasing consumer demand for food safety and quality[30]. - The company has over 400 main products, including fresh soybean products, plant protein drinks, and leisure soybean products, focusing on health food development[38][40]. - The company operates through three main sales models: distribution, supermarket, and direct sales, with distribution being the primary model[48]. - The company has established a strong marketing network, covering major retail and restaurant chains, enhancing market penetration and response speed[62]. Market Expansion and Innovation - The company is actively expanding its market presence through collaborations with new retail platforms and restaurant chains[42]. - The company aims to increase soybean consumption in line with national health initiatives, contributing to the high-quality development of the soybean industry[34]. - The company is committed to innovation, establishing a reward system for innovation and focusing on product and technology development to enhance market competitiveness[45]. - The company has launched three low-purine products in May 2024, certified as low-purine foods with a total purine value ≤ 50[47]. - The company introduced a new product strategy focusing on organic and low-purine series to meet health-conscious consumer demands[47]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The company will enhance risk management by establishing a comprehensive risk prevention system[121]. - The company has established comprehensive internal control systems to ensure accurate and timely financial reporting and compliance with legal requirements[138]. - There were no significant legal violations or related party fund occupation incidents during the reporting period[139]. - The company maintains independence in assets, personnel, finance, organization, and business from its controlling shareholders and related enterprises[141]. Corporate Governance - The financial report confirms that all board members attended the meeting to review the annual report, ensuring accountability[4]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[135]. - The company has held 2 shareholder meetings during the reporting period, adhering to all relevant regulations and ensuring shareholder rights are protected[134]. - The company has a complete and independent financial accounting department and management system, ensuring independent financial decision-making[144]. - The company’s annual and temporary shareholder meetings had participation rates of 68.14% and 61.84%, respectively[148]. Environmental Management - The company has established a comprehensive environmental management system and has obtained ISO 14001 certification[196]. - The company adheres to strict pollution discharge standards, including wastewater, waste gas, and solid waste management[196]. - The company has implemented measures to prevent and reduce environmental pollution and damage[195]. - The company’s wastewater discharge complies with the Class III standards of the Comprehensive Wastewater Discharge Standard[196]. - The company has committed to continuous improvement in environmental management practices, enhancing its pollution prevention capabilities[200]. Employee and Remuneration Policies - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.3325 million[168]. - The chairman, Cai Zuming, received a total pre-tax remuneration of CNY 600,000[168]. - The company has a profit distribution policy that emphasizes stable returns to investors while considering long-term sustainable development[181]. - The company’s employee training program includes onboarding for new hires and ongoing professional development for existing staff[179]. - The professional composition of employees includes 1,994 production staff, 1,447 sales personnel, and 68 technical staff[177].