Anjoy food(SH:603345)2023-04-24 16:00Financial Performance - The company achieved operating revenue of CNY 12,182,663,119.36 in 2022, representing a year-on-year growth of 31.39%[31]. - Net profit attributable to shareholders reached CNY 1,101,029,966.93, an increase of 61.37% compared to the previous year[31]. - The net profit after deducting non-recurring gains and losses was CNY 997,584,674.48, reflecting a growth of 78.22% year-on-year[31]. - The net cash flow from operating activities was CNY 1,407,225,497.62, up 161.47% from the previous year[31]. - By the end of 2022, the net assets attributable to shareholders were CNY 11,679,283,536.65, a 130.21% increase year-on-year[31]. - Total assets increased to CNY 16,193,586,625.31, marking an 84.62% growth compared to the previous year[31]. - Basic earnings per share rose to CNY 3.89, a 36.97% increase from the previous year[30]. - The company reported a diluted earnings per share of CNY 3.87, up 38.21% year-on-year[30]. - The weighted average return on equity decreased to 10.72%, down 3.94 percentage points from the previous year[30]. - The company reported a gross margin of 21.96%, slightly down by 0.16 percentage points from the previous year[57]. Dividends and Shareholder Returns - In 2022, Anjoy Foods proposed a cash dividend of 11.27 CNY per 10 shares (including tax) based on the total share capital as of the dividend distribution date[12]. - The company declared a cash dividend of RMB 205,012,668.37, which represents 30.05% of the net profit attributable to ordinary shareholders in the consolidated financial statements[147]. - The total pre-tax remuneration for directors and senior management during the reporting period amounted to CNY 12.08 million, with a decrease in shareholdings for several executives due to personal financial needs[123]. Corporate Governance - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report as stated by its management[10]. - The board of directors and supervisory board members were present at the board meeting to approve the annual report[11]. - The company maintained independence from its controlling shareholders in assets, personnel, finance, and business operations, with no reported influence on decision-making during the reporting period[118]. - A total of 5 shareholder meetings were held during the reporting period, all resolutions were passed, and the procedures complied with legal requirements[121]. - The company has established a comprehensive remuneration decision-making process for its directors and senior management based on their roles and performance evaluations[128]. Risk Management - The company has detailed risk descriptions regarding potential future challenges in the "Management Discussion and Analysis" section[15]. - The company is facing risks related to food safety, rising costs, and potential natural disasters that could impact operations and profitability[114]. - The company has not faced any penalties from securities regulatory authorities in the past three years[129]. Market and Product Development - The company is focusing on three main product lines: frozen hot pot ingredients, frozen noodle products, and frozen prepared dishes, enhancing its market share in the frozen food sector[38]. - The company plans to develop and promote 3-5 strategic flagship products each year, adhering to a "research one generation, produce one generation, reserve one generation" product development strategy[41]. - The market for prepared dishes is rapidly growing, with increasing consumer acceptance and diverse product forms, indicating significant future potential[39]. - The company has seen a significant shift in consumer behavior towards frozen food, with increased demand for convenience and health-conscious options[84]. - The pre-prepared dishes industry has been recognized in national policy, indicating a favorable environment for growth and innovation in this sector[83]. Acquisitions and Investments - The company invested CNY 10 billion in the Honghu Anjing prepared dishes production project, holding a 90% stake, and acquired 30% of Xiamen Anjing Frozen Supply Chain Co., Ltd., achieving full control[98]. - The company acquired 70% of Hubei Xinliuwu Food Group Co., Ltd., enhancing its supply assurance and cost control in the frozen fish paste segment[98]. - The company plans to increase capital by CNY 20,000 million to Guangdong Anjing, CNY 20,000 million to Shandong Anjing, and additional amounts to other subsidiaries, totaling CNY 100,000 million in capital increases[100]. Sustainability and Environmental Initiatives - The company is committed to sustainability and health, aligning its brand messaging with consumer trends towards healthy eating and quality food products[51]. - The company has invested CNY 34.52 million in environmental protection during the reporting period[152]. - The wastewater treatment capacity of the company's Xiamen factory is 2,000 tons per day, while the capacities for Taizhou and Liaoning are both 2,500 tons per day[158]. - The company has implemented carbon reduction measures, resulting in a reduction of approximately 3,334 tons of CO2 equivalent emissions[163]. Operational Efficiency - The company has established a procurement model that includes bulk purchasing of raw materials such as fish paste, meat, and flour, optimizing procurement costs through category directors overseeing market trends and providing monthly or quarterly analysis reports[46]. - The company successfully implemented EDI systems across its factories, enhancing digital production operations and information flow[52]. - The company is enhancing its data utilization capabilities through the introduction of data platforms and management systems to strengthen corporate governance[112]. Online and E-commerce Strategy - The company actively expanded its online sales channels, leveraging partnerships with platforms like Tmall and JD.com, and increased participation in major shopping festivals to drive revenue growth[49]. - Online sales accounted for 4.67% of total revenue, with a gross margin of 24.93%, down 14.38 percentage points year-on-year[95]. - The company’s revenue from e-commerce channels increased by 98.33% during the reporting period[91]. Employee Management and Development - The company has established a training management system to support employee development and align with business needs[142]. - The number of R&D personnel is 453, making up 2.68% of the total workforce, with a majority aged under 30[75]. - The company’s remuneration policy is designed to link employee compensation and bonuses to job responsibilities and individual performance[141].