Financial Performance - Tsingtao Brewery reported an operating profit of RMB 4,454.955 million for the year ended December 31, 2021[12]. - The total profit for the company was RMB 4,478.975 million, with a net profit attributable to shareholders of RMB 3,155.456 million after deducting non-recurring profits[12]. - Revenue for 2021 reached RMB 30,166,805, an increase from RMB 27,759,711 in 2020, representing an 8.1% growth[14]. - Net profit attributable to shareholders of the Company was RMB 3,155,456, up from RMB 2,201,324 in 2020, marking a 43.4% increase[14]. - Basic earnings per share increased to 2.328 from 1.629 in the previous year, reflecting a 42.9% rise[14]. - The Company reported a net profit after deduction of non-recurring profit or loss of RMB 2,206,584, up from RMB 1,815,585 in 2020[14]. - The company's operating revenue for 2021 was RMB 30.17 billion, representing an 8.7% year-on-year growth, while net profit attributable to shareholders was RMB 3.16 billion, up 43.3% year-on-year[24]. - The total sales amount from the Company's top 5 clients in 2021 was approximately RMB2,059.64 million, accounting for 6.94% of the annual sales amount, an increase from 4.89% in 2020[37]. - The total purchase amount from the Company's top 5 suppliers in 2021 was approximately RMB2,109.42 million, representing 15.51% of the annual purchase amount, up from 13.05% in 2020[37]. Brand and Market Position - Tsingtao Beer maintained the top brand value in the Chinese beer industry at RMB 198.566 billion in 2021, with the total brand value of its brands exceeding RMB 300 billion[10]. - The company has expanded its business to over 100 countries and regions globally, enhancing its marketing and sales network[10]. - The company is focusing on expanding its high-end and super high-end market presence, responding to the trend of consumption upgrading in the domestic beer market[26]. - The company reported a year-on-year growth of 11.2% in overseas market sales despite the severe impact of the global pandemic on consumption[29]. Product Development and Innovation - The company has launched several new products, including "Century Legend," "Amber Lager," and "Tsingtao IPA," which cater to high-end market demands[10]. - The company is advancing its digital transformation, establishing a quality management model based on end-to-end digital decoding, and enhancing management efficiency through technology integration[30]. - The company launched the "Tsingtao Beer Winter Olympics Ice Can" as part of its sponsorship of the Beijing 2022 Winter Olympic Games, receiving positive consumer feedback[28]. - In 2021, the company achieved a product sales volume of 7.93 million kiloliters, with Tsingtao Beer sales reaching 4.329 million kiloliters, an increase of 11.6% year-on-year[24]. Cash Flow and Assets - The net cash flows from operating activities amounted to RMB 2,206.584 million[12]. - Net cash flows from operating activities amounted to RMB 6,043,111, compared to RMB 4,953,422 in 2020, indicating a 21.9% increase[14]. - Total assets reached RMB 46,563,004, while total liabilities were RMB 22,769,313, resulting in total equity attributable to shareholders of RMB 23,001,845[14]. Shareholder Information - The total number of ordinary shares increased to 1,364,354,793, reflecting a change of 171,998 shares or 0.01%[53]. - The number of shareholders at the end of the reporting period was 36,590, including 36,340 A-share holders and 250 H-share holders[55]. - The top shareholder, HKSCC Nominees Limited, held 613,913,619 shares, representing 45.00% of total shares[58]. - The Company reported undistributed profits of approximately RMB8,298.28 million as of the end of 2021, which can be distributed as dividends after statutory surplus reserve allocation[49]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions, except for specific provisions A.2.1 and E.1.2 during the reporting period[148]. - The Board of Supervisors found that all directors and senior management fulfilled their duties diligently and in compliance with laws and regulations[134]. - The Company has established an effective internal control system that is being implemented effectively, as reflected in the internal control evaluation and audit reports[142]. - The Board of Directors has established three professional committees to enhance decision-making efficiency and promote effective corporate governance[146]. Employee Management and Development - The company had a total of 32,947 full-time employees as of the end of the reporting period, with 14,482 in production, 10,479 in sales, and 2,084 in technical roles[90]. - The company implemented a performance-driven incentive mechanism, linking total salaries to business performance, which resulted in increased employee income levels[91]. - A total of 27,500 front-line staff participated in skill learning and competitions under the new training model introduced by the company[95]. - The company accelerated the development of digital training, offering 3,500 high-quality courses and over 2,500 practical cases for employee learning[95]. Environmental and Social Responsibility - The Company is committed to environmental protection and sustainable development, focusing on low-carbon management and circular economy as part of its strategic goals[44]. - The Company strictly monitors environmental facilities and pollutant discharge during production to ensure compliance with environmental standards[45]. - The Company did not make any charitable donations during the year, except as disclosed in the financial statements[118].
青岛啤酒股份(00168) - 2021 - 年度财报