YANGYUAN(SH:603156)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was RMB 5,922,826,767.82, a decrease of 14.24% compared to RMB 6,905,959,247.09 in 2021[16]. - The net profit attributable to shareholders of the listed company was RMB 1,474,249,491.10, down 30.16% from RMB 2,110,817,033.95 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,195,962,844.03, a decline of 32.23% compared to RMB 1,764,841,531.24 in 2021[16]. - The net cash flow from operating activities was RMB 1,153,410,020.41, a decrease of 43.14% from RMB 2,028,551,706.54 in the previous year[16]. - As of the end of 2022, the total assets amounted to RMB 15,064,161,118.75, down 5.16% from RMB 15,884,499,316.23 at the end of 2021[17]. - The net assets attributable to shareholders of the listed company were RMB 11,514,700,248.63, a decrease of 7.60% from RMB 12,461,790,746.93 in the previous year[17]. - Basic earnings per share for 2022 was CNY 1.1650, a decrease of 30.16% compared to 2021[18]. - The weighted average return on equity decreased by 5.05 percentage points to 12.51% in 2022 compared to 2021[18]. - The company reported a net cash flow from operating activities of CNY -957,285,180.50 for 2022[21]. - The company achieved a main business revenue of 5.919 billion RMB, a decrease of 14.24% compared to the same period last year[47]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 18 per 10 shares, totaling RMB 227,788,850.00 based on a total share capital of 126,549,360 shares[3]. - The cash dividend payout ratio for the year was 154.51%[3]. - The cash dividend payout ratio for the year is 119.91%, with total cash dividends amounting to 2.28 billion RMB, which represents 154.51% of the net profit attributable to ordinary shareholders[141]. Market and Product Development - The company launched a series of new plant-based milk products to meet diverse consumer demands[26]. - The company implemented a unique marketing model combining deep distribution and C-end operations to adapt to market changes[27]. - The company increased its investment in online channels while maintaining traditional distribution methods[27]. - The company aims to enhance brand influence and expand consumer engagement through innovative product offerings and marketing approaches[30]. - The company has launched new products targeting specific consumer groups, including high-calcium and sugar-free walnut beverages[42]. - The company plans to expand its e-commerce channels and optimize product structure to meet diverse consumer needs[81]. Production and Capacity - The company has 34 production lines with a total capacity of approximately 1.48 million tons per year, supporting its main product offerings[36]. - The company has expanded its production capabilities through both self-built facilities and contracted processing, ensuring quality control across the supply chain[36]. - The company produced 583,000 tons of plant protein beverages and sold 583,600 tons during the reporting period[44]. - The production volume of walnut milk was 582,427.73 tons, a decrease of 16.06% year-on-year, while sales volume was 582,915.82 tons, down 15.91%[50]. Research and Development - The company has maintained a strong focus on R&D, although R&D expenses decreased by 6.64% due to a slowdown in market demand[45]. - The total R&D investment was 28,922,064.89 yuan, which is 0.49% of the operating income[57]. - The number of R&D personnel is 283, making up 14.86% of the total workforce[58]. - The company has a strong focus on research and development, particularly in the area of protein beverages, which is expected to drive future growth[115]. Governance and Compliance - The company held one shareholders' meeting during the reporting period, ensuring compliance with relevant regulations and allowing equal participation for all shareholders, especially minority shareholders[104]. - The board of directors convened four meetings in the reporting period, successfully completing the election of a new board in May 2022, with all procedures compliant with legal requirements[104]. - The supervisory board also held four meetings during the reporting period, with a successful election of new members in May 2022, ensuring compliance with legal and regulatory requirements[104]. - The company has improved its governance structure by revising its articles of association and enhancing internal control systems to promote stable development[105]. - The company actively engaged in investor relations, responding to inquiries through various channels, ensuring timely communication of company information to investors[105]. - The company maintained a good execution of insider information management, with no incidents of insider trading reported during the period[105]. Environmental Responsibility - The company has implemented energy-saving modifications in its production processes, including the recovery of waste heat from cooling water used in sterilization, contributing to lower energy consumption and carbon emissions[161]. - The company has committed to using clean energy sources, primarily electricity and steam, in its production processes to align with national "dual carbon" strategies[161]. - The company has established an emergency response plan for environmental incidents to minimize potential damage[152]. - The company has achieved wastewater discharge standards with COD at 113 mg/L and ammonia nitrogen at 7.19 mg/L, well below the limits of 500 mg/L and 35 mg/L respectively[149]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[154]. Strategic Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[113]. - Future guidance indicates a focus on enhancing operational efficiency and exploring strategic partnerships for market expansion[113]. - The company aims to leverage its existing brand strength to capture new market opportunities in the health beverage sector[113]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and diversify its product portfolio[116]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 22,771, an increase from 21,404 in the previous month[199]. - The largest shareholder, Yao Kuizhang, holds 267,648,195 shares, representing 21.15% of the total shares[200]. - The second largest shareholder, Yazhishun Investment Co., holds 232,219,592 shares, accounting for 18.35%[200]. - The company has not reported any changes in share capital structure during the reporting period[198].