KJS(SH:601579)2022-04-18 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥1.25 billion, representing a year-over-year increase of 12.81% compared to ¥1.11 billion in 2020[22]. - Net profit attributable to shareholders decreased by 1.81% to approximately ¥283.73 million in 2021 from ¥288.96 million in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 13.69% to approximately ¥137.96 million in 2021[22]. - The net cash flow from operating activities grew by 12.60% to approximately ¥276.53 million in 2021, driven by increased cash sales[22]. - The basic earnings per share for 2021 was ¥0.59, a decrease of 1.67% from ¥0.60 in 2020[23]. - The weighted average return on equity for 2021 was 8.11%, down by 0.83 percentage points from 8.94% in 2020[23]. - The total assets at the end of 2021 were approximately ¥4.48 billion, a slight increase of 0.41% from ¥4.46 billion at the end of 2020[22]. - The net assets attributable to shareholders increased by 7.71% to approximately ¥3.63 billion at the end of 2021[22]. - The total profit amounted to CNY 39,093,510.00, a slight decrease of 0.45% compared to the previous year[54]. - The company reported a net profit attributable to shareholders of 283,733,736.07 yuan for the year 2021, with the parent company achieving a net profit of 230,038,357.44 yuan[164]. Dividend Distribution - The company plans to distribute a cash dividend of 1.80 RMB per 10 shares, totaling 86,303,413.62 RMB, which accounts for 30.42% of the net profit attributable to shareholders in 2021[6]. - The company did not issue any bonus shares or increase capital reserves in 2021, opting to retain undistributed profits for the next fiscal year[6]. - The company has a cash dividend policy that emphasizes reasonable returns to investors, maintaining continuity and stability in profit distribution[162]. - The company’s cash dividend for 2020 was 0.50 yuan per 10 shares, totaling 23,973,170.45 yuan, which accounted for 33.21% of the net profit for that year[163]. Risks and Uncertainties - The company is facing significant uncertainty regarding the restructuring process of its major shareholder, Jingong Group, which holds 32.97% of the company's shares[5]. - The company has identified potential risks including food safety, market competition, cost control, and instability of control rights[8]. - The audit report issued by Tianjian Accounting Firm includes an emphasis on the significant uncertainty regarding the company's ability to continue as a going concern[5]. - The company is facing rising raw material costs due to market fluctuations, which could impact profitability if not managed effectively[123]. - The controlling shareholder, Jinggong Group, holds 32.97% of the company’s shares, which are currently frozen due to bankruptcy proceedings, posing a risk to control stability[125]. Internal Control and Governance - The company has established a sound internal control management system in accordance with relevant laws and regulations, ensuring compliance and asset security[169]. - The internal control system covers financial management, safety production, quality control, research management, sales management, and internal auditing, effectively preventing operational risks[171]. - There were no significant internal control deficiencies identified in financial reporting during the reporting period, and the company has maintained effective internal controls[172]. - The company has established a comprehensive governance structure, ensuring equal rights for all shareholders, particularly minority shareholders[169]. - The company has not experienced any loss of control over subsidiaries during the reporting period, nor has it acquired any new subsidiaries[173]. Marketing and Product Development - The company launched the "1743" brand strategy, focusing on high-end products and personalized customization, and utilized various media channels for brand promotion[33]. - The company optimized its product structure based on consumer demand, enhancing the marketing of key products like "pure five-year" and "master Lan Ting" while expanding market presence[34]. - The company achieved significant technological advancements, with five research results obtaining national invention patent authorization, enhancing the quality and appeal of its products[35]. - The company aims to enhance product value and expand its market presence through innovation and marketing strategies[45]. - The company is committed to new product development, focusing on mid-to-high-end yellow wine and low-alcohol products to meet modern consumer demands[116]. Environmental Compliance - The company has established a comprehensive environmental monitoring system, with all monitoring data meeting discharge standard requirements[188]. - The company’s wastewater treatment technology employs anaerobic biological methods, ensuring stable operation and compliance with environmental standards[188]. - The company has implemented measures to enhance internal control management and strengthen internal supervision to improve governance levels[176]. - The company has committed to energy conservation and pollution reduction initiatives, aiming for a resource-saving and environmentally friendly operation[198]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[195]. Sales and Distribution - The company has established a nationwide sales network, covering over 20 provinces and regions, and exports to 15 countries including Japan and the USA[46]. - The company achieved a sales revenue of 77,239.66 million RMB for mid-to-high-end products, reflecting a year-on-year growth of 14.8%[86]. - The sales revenue from wholesale agents was ¥1,053,680,624.13, with a gross profit margin of 43.01%[60]. - The company reported a significant increase in sales and marketing expenses, rising by 16.81% to ¥138,109,279.69, due to increased advertising efforts[68]. - The company plans to enhance its online sales strategy by integrating online and offline channels and expanding its e-commerce presence on platforms like WeChat and Douyin[102]. Employee and Management - The total number of employees at the parent company and major subsidiaries is 1,405, with 880 at the parent company and 525 at subsidiaries[157]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 2.6 million yuan[145]. - The company has established a training system for employees, including a two-year internal training program for 49 key personnel under the "Kuaijishan Talent Fermentation Plan"[159]. - The company’s management personnel are compensated through a combination of base salary and annual performance bonuses, with a focus on efficiency and fairness in remuneration[158]. - The company has implemented a performance evaluation mechanism for senior management, with a salary structure consisting of basic and performance-based components[168].