京基智农(000048) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was CNY 5,995,656,104.54, an increase of 86.12% compared to CNY 3,221,474,431.12 in 2021[7] - The net profit attributable to shareholders for 2022 was CNY 773,073,916.59, representing a growth of 98.56% from CNY 389,339,568.12 in the previous year[7] - The net profit after deducting non-recurring gains and losses was CNY 861,805,772.32, up 154.11% from CNY 339,151,964.74 in 2021[7] - The weighted average return on equity for 2022 was 31.35%, up from 15.00% in 2021, indicating improved profitability[7] - The total comprehensive income for 2022 was ¥793,279,220.84, compared to ¥393,362,203.62 in 2021, showing an increase of approximately 101.0%[142] - Basic and diluted earnings per share for 2022 were both ¥1.4775, up from ¥0.7441 in 2021, indicating an increase of about 98.6%[142] - The net profit for the year was ¥796,096,243.50, compared to ¥398,589,314.39 in the previous year, representing a growth of about 99.8%[119] Cash Flow and Assets - The company's cash flow from operating activities was CNY 1,021,171,817.86, a decrease of 61.33% compared to CNY 2,640,721,394.56 in 2021[7] - Total current assets increased to ¥13,010,208,951.34 as of December 31, 2022, up from ¥11,737,661,115.13 on January 1, 2022, representing a growth of approximately 10.9%[116] - Cash and cash equivalents decreased to ¥1,925,321,311.01 from ¥3,344,160,859.82, a decline of about 42.4%[115] - The total assets amounted to ¥15,426,132,413.59, up from ¥13,068,939,878.31, reflecting a growth of approximately 18.1%[116] - The total liabilities reached ¥12,621,195,134.40, up from ¥10,199,197,494.05, indicating an increase of approximately 23.7%[117] - The total owner's equity at the end of the period was 2,804,937,279.19, reflecting a decrease from the previous year's total of 2,869,742,384.26[150] Production and Operations - The company reported a significant increase in pig production capacity, with a total of 69,995,000 pigs slaughtered in 2022, a rise of 4.3% year-on-year[10] - The company sold a total of 1.2644 million pigs during the reporting period, including 256,700 piglets, and had a total stock of 808,800 pigs at the end of the period[79] - The company has established a complete industrial chain for pig farming, integrating feed production, breeding, and sales[78] - The company has successfully launched multiple feed factories, including those in Hezhou, Wenchang, and Xuwen, with a total annual production capacity of 84,000 tons of pig feed and 6,000 tons of premix feed[72] - The company has implemented advanced smart farming systems in its pig farms, enhancing production management efficiency[60] - The company maintained a breeding stock of approximately 110,800 sows, leading the region in terms of reproductive sow inventory[170] Strategic Focus and Market Position - The strategic focus for 2022 included stabilizing pig production capacity and exploring downstream industry chain extensions in response to policy changes[24] - The company is committed to expanding its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area through the establishment of large-scale pig farming bases[60] - The company has expanded its business scope to include livestock breeding, sales, and meat processing, reflecting a diversification strategy[25] - The company is engaged in real estate development, breeding, and feed production as its main business activities[153] - The company has established technical cooperation with South China Agricultural University to enhance its breeding capabilities[170] Risks and Challenges - The company faced rising feed raw material prices due to external factors, impacting production costs and profit margins[20] - The company acknowledges risks related to raw material prices and fluctuations in pig prices, which may impact future performance[45] - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments to mitigate investment risks[32] Real Estate Development - The company has applied for a mortgage guarantee of 2.5 billion RMB for the sale of residential properties in the Shanhai Pavilion project[56] - The cumulative pre-sale area for the Shanhai Yuyuan project reached 132,745.38 square meters, with a total sales amount of 919,056.37 thousand yuan[82] - The company has completed 166,495.22 square meters of residential and commercial projects in Bao'an, Shenzhen, with a total planned construction area of 166,470.00 square meters[83] - The company holds a 100% equity interest in the Jinji Zhino Mountain Sea projects, which include residential, commercial, and hotel developments[83] - The company is currently in normal development progress for the Jinji Zhino Mountain Sea projects, with the completion status of the Jinji Zhino Mountain Sea Yu Yuan project marked as completed[83] Financial Reporting and Compliance - The company’s financial report is audited by Da Hua Certified Public Accountants, ensuring the accuracy and completeness of the financial data[31] - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[179] - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[180] - The financial report is compiled in accordance with the relevant regulations and standards, ensuring compliance and accuracy[178] Research and Development - The company added 12 new utility model patents and 6 new software copyrights during the reporting period, reflecting its commitment to R&D in the pig farming industry[129] - The company invested over ¥100 million in R&D related to livestock farming in recent years, focusing on smart farming and biosecurity[129] - The company has established a modern agricultural team of over 2,500 members to support its strategic initiatives[130] Shareholder Information - The company plans to distribute a cash dividend of 10.00 RMB per 10 shares (including tax) based on a total share capital of 523,239,250 shares as of December 31, 2022[33] - The company has not experienced any changes in its controlling shareholders during the reporting period[25] - The company has a significant shareholder structure, with the controlling shareholder, Jingji Group, holding 100% of the second-largest shareholder, Shenzhen Jingji Times Industrial Co., Ltd.[90] - The company has engaged in various private equity investment funds, with significant holdings from Shenzhen Securities Capital Management Co., Ltd. and Wuhan Zhengqi Asset Management Co., Ltd.[90]