Fortune(SH:600965)2023-03-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,073,890,737.22, a decrease of 15.34% compared to CNY 1,268,506,611.25 in 2021[25]. - Net profit attributable to shareholders was CNY 107,310,867.92, down 28.62% from CNY 150,336,976.91 in the previous year[25]. - The basic earnings per share decreased by 28.59% to CNY 0.1311 from CNY 0.1836 in 2021[26]. - The net profit after deducting non-recurring gains and losses was CNY 107,086,963.89, a decrease of 24.23% from CNY 141,337,683.29 in 2021[25]. - The company reported a total of CNY 223,904.03 in non-recurring gains for 2022, compared to CNY 8,999,293.62 in 2021[30]. - In 2022, the company achieved a revenue of 1.074 billion yuan and a net profit of 107 million yuan, representing a year-on-year decrease of 15.34% and 28.62% respectively[34]. - The company's total operating revenue for the year was CNY 749.14 million, a decrease of 15.37% compared to the previous year[100]. - The total revenue from main business activities decreased by 15.37% compared to the previous year, totaling ¥749,144,874.56[99]. - The company reported a net profit attributable to the parent company of -793.53 million yuan for 2022, failing to meet the performance commitment of 39.20 million yuan[200]. Cash Flow and Assets - The company reported a significant increase in cash flow from operating activities, which rose by 100.70% to CNY 103,966,763.58 from CNY 51,801,516.95 in 2021[25]. - The company's operating cash flow for 2022 was 104 million yuan, showing a year-on-year increase of 100.70%[34]. - The company's total assets decreased by 6.87% to CNY 2,487,402,852.19 compared to CNY 2,670,927,941.23 at the end of 2021[25]. - Cash and cash equivalents decreased by 36.10% compared to the previous period, mainly due to repayment of bank loans and procurement of raw materials[92]. - The company's total liabilities at the end of the reporting period were zero, with the debt-to-asset ratio decreasing from 19.41% in 2021 to 13.32%[34]. Dividends and Share Capital - The company plans to distribute a cash dividend of 0.54 RMB per 10 shares, totaling 44,209,851.57 RMB for the year 2022[7]. - The total share capital at the end of 2022 was 818,700,955 shares[7]. - The company has not proposed any capital reserve transfer to increase share capital for the year[7]. - The cash dividend for the reporting period was 0.54 RMB per 10 shares, with a total distribution of 44,209,851.57 RMB, representing 41.20% of the net profit attributable to ordinary shareholders[168]. Business Operations and Strategy - The company aims to enhance its core competitiveness in the food industry by ensuring food safety, reducing costs, and expanding market coverage[33]. - The company plans to invest in the development of popular products and strengthen brand building to gain consumer trust[33]. - The company aims to strengthen its food processing and pre-prepared dishes business, leveraging its established "Fucheng" beef brand[37]. - The company is positioned to benefit from national policies aimed at increasing self-sufficiency in beef production, targeting a self-sufficiency rate of 85% by 2025[42]. - The company is actively engaged in ecological agriculture, although it has not yet achieved large-scale planting, with potential growth opportunities under national low-carbon economic goals[55]. - The company is exploring market expansion in ecological restoration and soil remediation, which are expected to have good growth prospects due to favorable national policies[106]. Risks and Compliance - The audit report issued by Yongtuo Accounting Firm includes an emphasis on matters related to going concern uncertainties[6]. - The company has detailed potential risks in its future development in the management discussion and analysis section[11]. - The company is facing risks related to market price fluctuations of agricultural products, which could negatively impact its operating costs and profitability[117]. - The company faced significant risks from national policy changes, extreme weather conditions, and animal diseases that could lead to substantial economic losses[118]. - The company has committed to ensuring that related party transactions are conducted at arm's length and do not harm the interests of other shareholders[191]. Corporate Governance - The company held one shareholders' meeting during the reporting period, ensuring compliance with regulations and protecting minority shareholders' rights[123]. - The board of directors convened eight meetings, maintaining a composition that includes three independent directors, ensuring fair decision-making[124]. - The supervisory board held six meetings, effectively overseeing the company's financial and operational compliance[124]. - The company emphasizes transparency in information disclosure, adhering to legal requirements and ensuring equal access to information for all shareholders[125]. - The company has established a system to ensure compliance with related party transaction procedures[134]. Employee and Social Responsibility - The company has established a comprehensive internal training program for employees, including new employee orientation and management training[162]. - The company has created numerous job opportunities in the local area while adhering to labor laws to protect employee rights[181]. - The company has committed to covering any legal risks related to employee social insurance and housing fund payments during the restructuring process[187]. Environmental and Community Engagement - The company invested 435,100 RMB in environmental protection during the reporting period[178]. - The company has upgraded its wastewater treatment facilities, ensuring that production wastewater meets discharge standards since 2020[178]. - The company has not faced any environmental pollution incidents or disputes during the reporting period[183]. - The company is committed to social responsibility, focusing on environmental protection and community development[124].