2023-03-31 16:00Financial Performance - The company reported a basic earnings per share of RMB 0.54 for 2022, an increase of 25.58% compared to RMB 0.43 in 2021[25]. - The diluted earnings per share also stood at RMB 0.54, reflecting the same percentage increase of 25.58% year-over-year[25]. - The net profit attributable to shareholders for the fourth quarter was RMB 12,967,525.03, a significant decrease compared to the previous quarters[26]. - The company achieved a weighted average return on equity of 8.20%, up by 1.01 percentage points from 7.19% in 2021[25]. - The net profit attributable to shareholders was approximately ¥194 million, up 21.46% year-on-year[46]. - The net profit after deducting non-recurring gains and losses was approximately ¥165 million, a significant increase of 66.10% compared to the previous year[46]. - The total comprehensive income for the period was approximately 93,071,924.34, with a net profit of 48,222,535.25[185]. - The net profit attributable to the parent company in 2022 was ¥194,348,828.93, an increase of ¥34,333,844.02 or 21.46% from ¥160,014,984.91 in the previous year, driven by increased sales volume and exchange gains from RMB depreciation[69]. Revenue and Sales - The revenue for the first quarter was RMB 266,311,012.18, while the second quarter saw an increase to RMB 302,305,078.28[26]. - The net profit attributable to shareholders for the second quarter was RMB 98,565,270.00, showing strong performance during that period[26]. - The company achieved a notable increase in sales revenue, attributed to effective management strategies and a focus on cost control, despite external pressures from energy prices and tariffs[33]. - The company has developed a diverse product range, including concentrated apple juice, pear juice, and other fruit juices, catering to major beverage manufacturers and traders in countries like China, the US, Russia, Japan, and South Africa[33]. - The company maintained a leading position in the concentrated juice industry, with consistent profit margins and total profits over the years, despite facing challenges from rising logistics and raw material costs[33]. Dividends and Share Repurchase - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, based on a total of 357,700,000 shares[6]. - The company repurchased 5,600,000 shares, accounting for approximately 5.8% of the total share capital[160]. - The repurchase plan was disclosed on March 31, 2021, and is valid for 12 months following the approval from the shareholders' meetings[160]. Operational Challenges - The company faced risks related to raw material supply shortages and reliance on single product lines, as detailed in the management discussion section[6]. - The company’s total revenue for 2022 is expected to be impacted by currency exchange risks and other operational challenges[6]. - The export volume of concentrated apple juice from China was approximately 399,139 tons in 2022, a decrease of 5% compared to 419,100 tons in 2021, indicating challenges in the international market[31]. Management and Efficiency - The company has established a comprehensive management system, enhancing efficiency and product quality while controlling costs, which strengthens its core competitiveness[34]. - The company has established eight concentrated juice processing bases and has a production capacity that ranks among the top in the industry[58]. - The company aims to strengthen its R&D capabilities and has established partnerships with renowned universities to foster innovation[68]. Financial Position and Assets - The company's operating revenue reached approximately ¥1.065 billion, representing a 22.24% increase compared to the previous year[46]. - The net cash flow from operating activities was approximately ¥240 million, reflecting a 24.08% increase year-on-year[46]. - The total assets of the company amounted to approximately ¥2.610 billion, a 5.91% increase from the previous year[46]. - The net assets attributable to shareholders were approximately ¥2.369 billion, showing a 6.46% increase compared to the end of the previous year[46]. Accounting and Compliance - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial position, operating results, and cash flows[93]. - The company evaluates its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[92]. - The company assesses the useful life of intangible assets at acquisition, categorizing them as either finite or indefinite[91]. - The company recognizes revenue when control of the product transfers to the customer, typically upon delivery[197]. Credit Risk and Impairment - The company assesses expected credit losses based on historical data, current conditions, and future economic forecasts, categorizing financial instruments into different groups based on common credit risk characteristics[112]. - The company recognizes impairment losses or gains in the current profit and loss statement based on changes in expected credit losses[112]. - The company conducts annual impairment tests for goodwill and indefinite-lived intangible assets, regardless of whether impairment indicators exist[189].