QIANHE(SH:603027)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was approximately CNY 1.93 billion, representing a 13.7% increase compared to CNY 1.69 billion in 2020[12]. - The net profit attributable to shareholders of the listed company was approximately CNY 221.40 million, an increase of 7.58% from CNY 205.80 million in the previous year[12]. - The net profit after deducting non-recurring gains and losses was approximately CNY 217.88 million, reflecting an 8.26% increase from CNY 201.25 million in 2020[12]. - Basic earnings per share rose by 7.03% to CNY 0.2772 in 2021 from CNY 0.2590 in 2020[13]. - The company achieved a total revenue of 1.93 billion RMB in 2021, representing a year-on-year growth of 13.7%[22]. - The net profit attributable to shareholders was 221 million RMB, an increase of 7.58% compared to the previous year[22]. - The gross profit margin for the food manufacturing sector decreased by 3.83 percentage points to 40.24%[26]. - The company's food manufacturing segment achieved revenue of 1.898 billion yuan, a year-on-year increase of 13.69%[27]. Cash Flow and Assets - The net cash flow from operating activities decreased by 52.86% to approximately CNY 178.19 million from CNY 378.03 million in 2020[12]. - Total assets increased by 9.72% to CNY 2,397,922,657.19 in 2021 compared to CNY 2,185,494,550.48 in 2020[13]. - The company reported cash and cash equivalents of ¥196,955,347.02 in 2021, up from ¥117,463,290.74 in 2020, which is an increase of about 67.5%[144]. - The total liabilities increased to ¥323,601,828.59 from ¥287,583,201.48, marking a rise of approximately 12.53%[145]. - The company reported a significant increase in inventory, which rose to ¥507,061,198.81 from ¥325,041,451.70, representing a growth of approximately 55.8%[146]. Market and Competition - The company faced increased operational pressure due to rising prices of raw materials and packaging during the reporting period[17]. - The market for condiments showed signs of weakness, with intensified competition and a shift in consumer demand towards cost-effectiveness[17]. - The seasoning industry is experiencing increased competition due to rising production capacities and changing consumer preferences[19]. - The company is focusing on innovation and expanding sales channels, including community group buying and live streaming sales[17]. Product Development and R&D - The company invested 55.39 million RMB in R&D, reflecting a 22.49% increase from the previous year[22]. - The company launched several new products, including a compound seasoning series, enzyme soy sauce, and low-salt soy sauce[18]. - The company is actively enhancing its production capacity with a project aimed at building a smart production line with an annual capacity of 600,000 tons of seasoning products[18]. - The company emphasizes product quality and innovation, focusing on health, nutrition, and taste, while enhancing its fermentation technology and collaborating with renowned universities and experts[49]. Corporate Governance and Management - The company is committed to improving corporate governance and transparency, ensuring compliance with relevant laws and regulations[52]. - The company has established specialized committees, including an audit committee and a nomination committee, which held a total of 10 meetings during the reporting period[70]. - The company has implemented a performance evaluation standard and incentive mechanism for senior management, linking their compensation directly to operational performance[87]. - The company has a long-term strategy for talent retention, as indicated by the ongoing roles of several directors and supervisors in other organizations[63]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of CNY 0.84 per 10 shares (before tax) to all shareholders[2]. - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profit is allocated as cash dividends each year[78]. - The company plans to continue its cash dividend distribution strategy, prioritizing cash dividends over stock dividends[78]. Environmental and Social Responsibility - The company has maintained its ISO14001 environmental management system certification since 2012, with the current certification valid until September 20, 2023[97]. - The company has conducted risk assessments and established an emergency response plan for environmental incidents, which has been filed with the local environmental authority[95]. - The company donated 500,000 yuan to kindergartens and middle schools during the reporting period, actively participating in various public welfare activities[100]. - The company is committed to further engaging in environmental protection and social responsibility, promoting harmonious development with society[102]. Audit and Compliance - The company has engaged Xinyong Zhonghe Accounting Firm to provide a standard unqualified audit report for the financial statements[2]. - The audit report confirmed that the financial statements fairly represent the company's financial position as of December 31, 2021[133]. - The company has retained the auditing firm for the 2021 annual audit, ensuring compliance with auditing standards[74].