TIANMA TECH(SH:603668)2022-04-06 16:00Financial Performance - The company reported a total share capital of 436,164,726 shares as of December 31, 2021, with 6,887,763 shares held in the treasury[8]. - The company's operating revenue for 2021 was CNY 5,419,021,956.27, representing a 48.88% increase compared to 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 83,565,632.30, which is a 21.21% increase from the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 41.09% to CNY 73,498,798.99 in 2021[23]. - The total assets at the end of 2021 were CNY 5,141,413,063.10, reflecting a 55.66% increase from the end of 2020[25]. - The net assets attributable to shareholders increased by 51.89% to CNY 1,851,513,600.55 at the end of 2021[23]. - The basic earnings per share for 2021 was CNY 0.22, a 10.00% increase from 2020[25]. - The weighted average return on net assets for 2021 was 5.61%, a decrease of 0.22 percentage points from the previous year[25]. - The total profit amounted to 15,864.27 million RMB, with a year-on-year increase of 25.27%[37]. - The net profit attributable to shareholders reached 8,356.56 million RMB, up by 21.21% compared to the previous year[37]. - The total assets at the end of the reporting period were 514,141.31 million RMB, reflecting a growth of 55.66% year-on-year[37]. - The company’s total liabilities increased to 292,048.49 million RMB, marking a 62.42% rise from the previous year[37]. - The company achieved a total industrial feed production of 29,344.3 million tons in 2021, representing a year-on-year growth of 16.1%[56]. - The production of pig feed reached 13,076.5 million tons, increasing by 46.6% compared to the previous year[56]. - The company’s EBITDA was CNY 32,299.75 million, an increase of 37.96% compared to the previous year[107]. - The company’s gross profit margin for main business was 10.08%, down 1 percentage point year-on-year[113]. - The company’s net profit margin for the fiscal year was 12%, an increase from 10% in the previous year[200]. Dividend and Shareholder Information - The proposed cash dividend for 2021 is CNY 0.40 per share, totaling CNY 17,171,078.52 based on 429,276,963 shares after excluding treasury shares[8]. - The company has not proposed any stock bonus or capital reserve conversion to share capital for the year[8]. - The total number of shares held by Chairman Chen Qingtang remained unchanged at 86,557,557 shares, with a pre-tax compensation of 621,100 CNY[192]. - Director Zheng Kun reduced his holdings by 3,839,926 shares, ending the year with 11,526,974 shares, and received a pre-tax compensation of 209,100 CNY[192]. - Director Lin Jiaxing's shareholding decreased by 2,420,000 shares, resulting in a total of 7,278,100 shares, with a pre-tax compensation of 209,100 CNY[192]. - Director Zeng Lili, who held 7,200 shares, divested all her shares during the reporting period, receiving a pre-tax compensation of 1,524,000 CNY[192]. - The total number of shares held by the supervisory board chairman He Xiuming decreased by 2,420,000 shares, ending with 7,278,100 shares, and received a pre-tax compensation of 209,100 CNY[192]. - Vice President He Tengfei's shareholding decreased by 15,000 shares, totaling 220,000 shares, with a pre-tax compensation of 847,700 CNY[192]. - The total pre-tax compensation for all directors and supervisors amounted to 8,473,300 CNY[192]. Risk Management and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[10]. - The company has not violated decision-making procedures for external guarantees[10]. - The audit report issued by Rongcheng Accounting Firm confirms the financial report's authenticity and completeness[7]. - The company emphasizes that forward-looking statements regarding future strategies and operational plans do not constitute a commitment to investors[9]. - The company has detailed potential risk factors in the management discussion and analysis section of the report[10]. - The company operates under the supervision of the China Securities Regulatory Commission and complies with relevant laws[17]. - The company maintains an independent operational structure, ensuring no interference from controlling shareholders in decision-making[183]. - The company is committed to transparent information disclosure, ensuring all shareholders have equal access to information[183]. - The internal control management system has been established and improved, ensuring effective financial reporting and operational management[186]. Strategic Initiatives and Market Expansion - The company initiated an online and regional strategy to expand domestic channels while maintaining export channels, contributing to steady revenue growth[27]. - The company is actively developing a modern ecological farming model, with successful pilot projects in various provinces[42]. - The company plans to integrate its livestock industry to establish itself as a regional leader while gradually expanding nationwide[41]. - The company is focusing on both domestic and international market expansion through an omnichannel strategy, integrating online and offline sales[53]. - The company aims to establish itself as the largest grilled eel platform globally, focusing on food safety and quality control[79]. - The company is committed to digital transformation, aiming to enhance its big data operational management capabilities and establish a smart management platform[54]. - The company is expanding its strategic sales network from Bohai Bay to Beibu Gulf, enhancing its market presence in coastal and inland regions of China while actively exploring overseas markets[168]. - The company is exploring potential acquisitions to enhance its supply chain capabilities, with a budget of 200 million RMB allocated for this purpose[200]. - The company plans to enhance its operational advantages through a dual-track business model, promoting sustainable development in the agricultural sector[156]. Research and Development - The company has invested in R&D, achieving breakthroughs in key technologies for special aquatic feed, with 62 patents held, including 53 authorized invention patents[47]. - The company has formed strategic partnerships with universities and research institutions, enhancing its R&D capabilities and fostering innovation[46]. - The company emphasizes talent development and has built a strong team of experts to support its growth and innovation strategies[49]. - Research and development expenses increased by 16.26% to CNY 99,636.37 million, reflecting ongoing investment in new product development[112]. - The company has developed a variety of products in the animal health sector, including 9 major series such as micro-ecological preparations and nutritional health products[81]. - The company is committed to continuous innovation and maintaining a competitive edge in product technology through extensive R&D efforts[157]. - The company plans to develop over 10 invention patents, striving for more than 15, and will focus on functional feed development, particularly in biological feed and soft pellet feed[171]. Production and Supply Chain - The company has established a comprehensive food supply chain focusing on pre-prepared dishes and deep-processed aquatic products, leveraging its full industry chain advantages[43]. - The company has established a centralized procurement model, with over 90% of key raw materials procured centrally, while authorized procurement accounts for less than 10%[90]. - The company operates a modern factory-style aquaculture model with a standard area of 10,000 square meters for eel farming, capable of stocking 3 million eel fry annually[96]. - The company has implemented a sales model combining direct sales and distribution, targeting both large-scale and small-scale aquaculture operations[91]. - The company integrates real-time data from production, sales, and inventory to optimize production planning and decision-making[92]. - The company has established high-level R&D platforms, including a national enterprise technology center and a key laboratory for special aquatic feed, enhancing its technological innovation capabilities[100]. Marketing and Brand Development - The company has developed a series of brands including "Eel Hall" and "Xinchanglong," with high-end grilled eel products selling well in over 60 countries and regions[44]. - The company aims to enhance its core competitiveness through continuous product and service upgrades, driven by innovative design concepts[44]. - The company is committed to enhancing brand influence, with its "Jianma" brand recognized as a "China Famous Trademark" and listed among Asia's top 500 brands[160]. - The company is focused on building a comprehensive marketing network, expanding both domestic and international markets, and establishing a strategic sales network across coastal and inland regions of China[159]. Environmental and Social Responsibility - The company emphasizes a sustainable development strategy in its aquaculture practices, promoting modernization and automation[94]. - The company is committed to building a traceable and safe food system while striving to become the leading brand in delicious grilled eel products domestically and internationally[168]. - The company has implemented comprehensive budget management and adjusts procurement plans to mitigate raw material price fluctuations[176]. - The company is closely monitoring environmental regulations and adjusting its operational strategies to enhance service capabilities for large-scale aquaculture[179]. - The company emphasizes standardized management and quality control systems to ensure food safety across all production stages[180].