庄园牧场(002910) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥890,015,746.08, a decrease of 6.87% compared to ¥955,672,655.71 in 2023[6]. - The net profit attributable to shareholders for 2024 was -¥166,208,347.47, representing a 104.00% decline from -¥81,475,121.47 in 2023[6]. - The net cash flow from operating activities decreased by 61.00% to ¥62,979,819.52 in 2024, down from ¥161,499,917.02 in 2023[6]. - The total assets at the end of 2024 were ¥2,408,107,627.19, a reduction of 4.91% from ¥2,532,432,457.37 at the end of 2023[6]. - The net assets attributable to shareholders decreased by 13.79% to ¥1,091,818,338.79 at the end of 2024, down from ¥1,266,458,472.86 at the end of 2023[6]. - The company reported a basic and diluted earnings per share of -¥0.86 for 2024, a decline of 104.76% from -¥0.42 in 2023[6]. - The weighted average return on equity was -14.24% in 2024, compared to -6.18% in 2023, indicating a worsening financial performance[6]. - The company experienced a significant drop in net profit after deducting non-recurring gains and losses, which was -¥178,881,106.77 in 2024, down 70.59% from -¥104,860,075.91 in 2023[6]. - The company's total revenue for 2024 was ¥890,015,746.08, representing a decrease of 6.87% compared to ¥955,672,655.71 in 2023[62]. - Revenue from liquid milk and dairy products was ¥867,770,019.90, accounting for 97.50% of total revenue, down 5.55% from ¥918,807,925.58 in 2023[63]. Market and Product Development - The company has implemented a brand renewal plan, emphasizing the slogan "Thousand-Year Hexi Corridor, Ancient Golden Pasture" to enhance brand recognition[44]. - The company has focused on product innovation, launching local specialty products such as "Lanzhou" series yogurt, enhancing consumer recognition[44]. - The company launched 36 new products during the year, including "Jiangshui Yogurt," "Highland Yogurt," and "0+ Acid Milk," which received provincial recognition[60]. - The company is actively expanding its market presence through online and offline channels, leveraging regional advantages[43]. - The company achieved a significant increase in online sales, with fermented dairy sales revenue growing substantially year-on-year[60]. - The company is focusing on innovative product development to strengthen its competitive position in the yogurt market[75]. - The company launched the "Old Lanzhou Lily Yogurt," which integrates functional characteristics of lily and meets the market demand for healthy and diverse dairy products[76]. - The company has developed a plant-based yogurt combining Lanzhou's specialty gray beans, enhancing nutritional indicators to meet health food market demands[76]. - The company is focusing on optimizing raw material ratios and production processes to improve product taste and nutritional value[77]. Operational Efficiency and Cost Management - The company's total operating costs decreased by 3.34% year-on-year, amounting to ¥749.61 million in 2024, with direct materials constituting 81.77% of total costs[52]. - The direct material costs accounted for 81.77% of the total operating costs, with a slight decrease of 2.77% from the previous year[68]. - The company is focusing on optimizing production processes and ensuring the stability of flavor and nutritional components across its product lines[76]. - The company is committed to ensuring product safety and quality through comprehensive evaluations, including microbiological and allergen testing[77]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and regulations, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law[177]. - The company has implemented noise reduction measures and placed high-noise facilities indoors to minimize environmental impact[180]. - The company invested CNY 3.4767 million in environmental governance in 2024 and paid CNY 3.6203 million in environmental protection taxes[182]. - The company actively fulfills its social responsibilities, emphasizing the sharing of development results with society[184]. - The company provided salaries totaling approximately CNY 70.62 million to 1,082 rural employees throughout the year[189]. - The company donated dairy products to a special children's service center in Lanzhou in July 2024[10]. - The company conducted a charity event for 8 academically excellent but financially challenged students, providing them with scholarships and company products[13]. Governance and Management Changes - The company completed the election of the fourth board of directors and supervisory board on May 20, 2024, ahead of schedule[135]. - The company announced a significant leadership change, with multiple board members and executives resigning and being elected on May 20, 2024, including the appointment of Yang Yi as Chairman[136][137]. - The company is focused on enhancing its corporate governance through the election of independent directors and supervisors, ensuring accountability and transparency[137][138]. - The total pre-tax remuneration for directors, supervisors, and senior management in 2024 is set at 2.994 million RMB[147]. - The company is committed to maintaining its competitive edge in the dairy industry, as evidenced by the appointment of experienced professionals in key positions[140][141]. Risks and Compliance - The company faces risks related to dairy cattle disease, food safety, and environmental protection[6]. - The company is exposed to environmental risks due to its operations, which could lead to penalties if not managed properly[114]. - The company is vulnerable to fluctuations in raw material prices, which could significantly affect its operating performance[115]. - The company has implemented a comprehensive quality management system to ensure food safety and compliance with industry standards[113]. - The company has established a product traceability mechanism to ensure product quality and enhance consumer trust[110].