Anjoy food(SH:603345)2022-04-25 16:00Financial Performance - The company achieved operating revenue of CNY 9,272,201,669.79 in 2021, representing a year-on-year increase of 33.12%[24]. - The net profit attributable to shareholders of the listed company was CNY 682,296,084.71, up 13.00% compared to the previous year[22]. - The net cash flow from operating activities decreased by 19.05% to CNY 538,203,778.55, primarily due to increased cash outflows during the reporting period[24]. - The net assets attributable to shareholders of the listed company increased by 37.72% to CNY 5,073,420,600.39, driven by the conversion of convertible bonds and increased net profit[24]. - Basic earnings per share rose to CNY 2.84, reflecting an increase of 8.81% from the previous year[23]. - The weighted average return on equity decreased by 4.86 percentage points to 14.66%[23]. - Operating costs increased by 39.50% to 7.22 billion RMB, which was higher than the revenue growth, primarily due to rising procurement costs and increased labor and production investments[44]. - The gross profit margin decreased by 3.56 percentage points to 22.12% due to rising personnel costs and production inputs[49]. Investments and Acquisitions - The company acquired 71% of Hubei Xinhongye Food Co., Ltd., increasing its stake from 19% to 90%, and included it in the consolidated financial statements[58]. - The company acquired a 69.99% stake in the UK frozen food company Oriental Food Express Limited for approximately 523 million GBP, enhancing its international presence[92]. - The company invested RMB 700 million in the Taizhou Anjing Phase III project and signed an investment agreement with the Jiangsu Province Xinghua Economic Development Zone[95]. - The company plans to invest no less than RMB 800 million in the Henan Anjing Phase III project, pending project feasibility studies[96]. Market Strategy and Product Development - The company is focusing on the development of pre-prepared dishes, which are gaining acceptance in the market, indicating a shift in consumer preferences[33]. - The company has expanded its product line to nearly 400 varieties of frozen foods, enhancing its market competitiveness[35]. - The company is actively exploring new sales channels and models, including gift vouchers and electronic vouchers, to enhance its direct sales system[39]. - The company is implementing a "sales-driven production" strategy, establishing factories in regions where sales reach a certain scale to reduce logistics costs and improve market responsiveness[109]. - The company aims to enhance brand visibility through a comprehensive marketing strategy that includes traditional media, social media, and influencer partnerships to reach younger consumers[110]. Governance and Compliance - The board of directors has confirmed that all members attended the board meeting, ensuring the accuracy and completeness of the annual report[4]. - The company has established specialized committees within the board, including a strategy committee and an audit committee, to enhance decision-making efficiency[118]. - The company emphasizes the protection of stakeholders' rights, aiming for a balance of interests among shareholders, employees, and society[119]. - The company has established a robust governance structure that aligns with national laws and regulations, ensuring the protection of shareholder rights[119]. Environmental Responsibility - The company is committed to improving environmental quality and adheres strictly to environmental impact assessment regulations[159]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[160]. - The company is no longer classified as a key pollutant discharge unit for the year 2021, with its subsidiaries being monitored for wastewater discharge[154]. - Chemical Oxygen Demand (COD) emissions were reported at 1.09 tons/year, significantly below the regulatory limit of 166.03 tons/year[157]. Shareholder Relations - The company has a clear shareholder return plan for the next three years (2021-2023) as part of its strategic initiatives[122]. - The company distributed a cash dividend of 0.742 yuan per share, totaling 181,362,876.02 yuan (including tax) based on a total share capital of 244,424,360 shares[147]. - The controlling shareholder, Guoli Minsheng, and actual controller, Zhang Gaolu, have committed to avoiding any business that competes directly or indirectly with Anjii Food's main business in China[168]. Risk Management - The company has outlined potential risks in its future development plans, emphasizing the impact of external environments and operational changes[7]. - The company faces risks related to food safety, rising costs of raw materials, and potential impacts from natural disasters or public health events[114].