HNZHKJ(SZ:000702)2023-04-28 16:00Financial Performance - The company's revenue for 2022 was CNY 1,161,091,171.96, a decrease of 18.89% compared to CNY 1,431,564,907.07 in 2021[26]. - The net profit attributable to shareholders for 2022 was a loss of CNY 115,985,213.04, an improvement of 48.29% from a loss of CNY 224,289,996.42 in 2021[26]. - The net cash flow from operating activities for 2022 was a negative CNY 80,867,467.22, which is a 37.25% improvement from a negative CNY 128,868,398.85 in 2021[26]. - The total assets at the end of 2022 were CNY 796,636,290.30, down 11.59% from CNY 901,097,829.91 at the end of 2021[26]. - The company's basic earnings per share for 2022 was -CNY 0.4350, improving by 48.29% from -CNY 0.8412 in 2021[26]. - The weighted average return on net assets for 2022 was -40.15%, an improvement of 8.06% from -48.21% in 2021[26]. - The company achieved total operating revenue of 1,161,091,171.96 yuan in 2022, a decrease of 18.89% compared to the previous year, with a net profit attributable to the parent company of -115,985,213.04 yuan[48]. - The gross profit margin for the feed industry was 5.82%, a decrease of 3.38% from the previous year[59]. - The breeding industry saw a significant decline, with revenue of ¥324.24 million, representing a 39.65% decrease from ¥537.26 million in 2021[57]. Market and Industry Risks - The company reported a significant risk from fluctuations in feed raw material prices, which are influenced by market supply and demand, import policies, and logistics costs, potentially impacting profitability[4]. - The cyclical nature of the livestock industry poses a risk, with price volatility affecting the company's production and profit margins due to the influence of small farms and individual farmers on market supply[5]. - Major livestock diseases such as swine fever and avian influenza present a substantial risk, potentially leading to increased production costs and reduced profitability if outbreaks occur[7]. - The company faces heightened competition as larger enterprises increase market share and smaller operators exit the industry, intensifying market pressures[8]. - The company faces cyclical price fluctuations in livestock and poultry, which can negatively impact production and profitability due to the industry's fragmented nature and the "herd effect" in the market[99]. - The company is exposed to significant risks from major livestock diseases, which can increase production costs and affect market supply and pricing, potentially leading to substantial profit declines[99]. Strategic Initiatives and Business Model - The company aims to enhance its market competitiveness by adopting a service-oriented marketing approach and developing high-quality "mother and baby feed" products[40]. - The company’s pig farming business utilizes a "company + farmer" model, focusing on seasonal adjustments to optimize the structure of breeding and fattening pigs[41]. - The company plans to expand its feed raw material sales and adjust its trade business structure to enhance market competitiveness[42]. - The company aims to enhance its core competitiveness by integrating resources and developing a full industry chain from feed to livestock and food processing[52]. - The company plans to gradually divest from poultry farming as part of its strategic adjustments, leading to an 83.81% decrease in poultry sales volume[61]. - The company plans to restart its pig slaughtering and cold chain logistics project to increase the added value of its breeding products[96]. Research and Development - The company aims to enhance product performance and market share through ongoing research in animal feed and health solutions[70]. - The company’s R&D investment amounted to CNY 11,324,343.60, representing 0.98% of operating revenue, an increase from 0.79% in the previous year[71]. - Research and development expenses increased by 114.64% to CNY 6,725,164.06, primarily due to reduced animal husbandry trials in the previous period[69]. - The company will enhance its R&D capabilities by collaborating with institutions like Hunan Agricultural University and Central South University[97]. - The company is investing 100 million yuan in R&D for new technologies aimed at improving production efficiency by 20% over the next two years[116]. Governance and Compliance - The company has a comprehensive governance structure, ensuring compliance with legal regulations and maintaining shareholder rights through regular meetings and audits[104]. - The company has established an independent financial department with a standardized financial accounting system[111]. - The board of directors and supervisory board operate independently, with no dual appointments of senior management between the company and its controlling shareholders[111]. - The company has a complete information disclosure system to ensure transparency and fairness in communication with all shareholders[159]. - The company has established a salary management mechanism linked to job positions, contributions, and company performance, adhering to principles such as "pay for performance" and "differentiated pay" for different roles[138]. Environmental Responsibility - The company has established a comprehensive wastewater treatment process with a daily treatment capacity of 280 cubic meters, utilizing various treatment facilities including anaerobic pools and MBR systems[156]. - The company has invested a total of 1.116 million yuan in environmental governance and protection during the reporting period, which includes the installation of an online water quality monitoring system and other environmental protection measures[158]. - The company has complied with various environmental protection laws and standards, including the Environmental Protection Law and the Water Pollution Prevention Law[151][152]. - The company has developed an emergency response plan for environmental incidents, which has been registered with the ecological environment department[156]. Employee Management and Development - The total number of employees at the end of the reporting period is 1,005, with 120 in the parent company and 885 in major subsidiaries[137]. - The company conducts annual training plans based on employee needs and strategic goals, with a structured approach to training management and approval processes[140]. - The company provides a range of employee benefits, including social insurance, health check-ups, and various allowances, enhancing overall employee welfare[139]. - The company has a unified management approach for training, with specific responsibilities assigned to different levels of management to ensure effective implementation[140]. Shareholder Information - The total number of shares remained at 266,634,576, with no changes in the shareholding structure during the reporting period[195]. - The company had 27,929 shareholders at the end of the reporting period, an increase from 26,959 previously[196]. - The largest shareholder, Yueyang Guansheng Agricultural Technology Co., Ltd., holds 40,341,811 shares, accounting for 15.13% of the total share capital[197]. - The controlling shareholder, Yueyang Guansheng Investment Development Co., Ltd., was established on July 23, 2015, and is involved in infrastructure and public service facility investment and management[199].