JGJC(SZ:000799)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 4,050,412,378.24, representing an increase of 18.63% compared to CNY 3,414,365,377.23 in 2021[12]. - The net profit attributable to shareholders for 2022 was CNY 1,048,801,814.72, up 17.38% from CNY 893,489,153.57 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was CNY 1,052,434,657.57, reflecting an 18.78% increase from CNY 886,023,411.19 in 2021[12]. - The basic earnings per share for 2022 was CNY 3.2278, an increase of 17.38% compared to CNY 2.7498 in 2021[12]. - The total revenue for 2022 reached ¥4,050,412,378.24, representing an 18.63% increase compared to ¥3,414,365,377.23 in 2021[42]. - The core product, the JiuGui series, generated revenue of ¥2,270,470,506.81, accounting for 56.06% of total revenue, with an 18.55% year-on-year growth[42]. - The company reported a total profit of ¥1,399,602,823.15 for 2022, up from ¥1,188,534,869.42 in 2021, reflecting a growth of 17.7%[183]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 74.39% to CNY 400,685,329.54 from CNY 1,564,671,058.75 in 2021[12]. - The total cash inflow from operating activities decreased to ¥3,492,791,443.17 in 2022 from ¥4,146,278,630.52 in 2021, representing a decline of approximately 15.8%[186]. - The net cash flow from operating activities was ¥400,685,329.54 in 2022, down significantly from ¥1,564,671,058.75 in 2021, indicating a decrease of about 74.4%[186]. - The ending cash and cash equivalents balance decreased to ¥3,077,377,042.02 in 2022 from ¥3,343,369,379.90 in 2021, a decline of approximately 8.0%[187]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 13 RMB per 10 shares to all shareholders, based on a total of 324,928,980 shares[3]. - The company declared a cash dividend of 13.00 CNY per 10 shares, totaling 422,407,674.00 CNY, which represents 100% of the distributable profit of 1,409,086,803.73 CNY[120]. - The total number of shares held by senior management increased by 48,000 shares during the reporting period[80]. - The annual shareholders meeting had a participation rate of 35.58% on June 27, 2022[78]. Operational and Market Insights - The company has established a unique production process known as "13526," which is distinct among over 30,000 liquor enterprises in China[28]. - The company has expanded its dealer coverage to achieve 99% coverage in county-level markets and signed 1,586 new customers, a 25% increase year-on-year[38]. - The company aims to strengthen its market presence and develop high-end brands, focusing on cultural leadership in the liquor industry[63]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[89]. Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[2]. - The company has established a clear framework for governance and compliance, as detailed in its annual report[4]. - The company maintains independence from its controlling shareholder in terms of assets, operations, and financial management[76]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[73]. Environmental Responsibility - The company complies with various environmental protection laws and standards, ensuring stable pollutant emissions within regulatory limits[130]. - The company invested CNY 33.36 million in the construction of gas boilers in 2022, which will significantly reduce air pollutant emissions once operational[138]. - The wastewater treatment plant has a capacity of 2,400 tons per day, ensuring compliance with relevant discharge standards[135]. - The company has implemented a self-monitoring plan for pollutant emissions, with all monitored indicators meeting standards throughout 2022[137]. Research and Development - The company has increased its investment in technology and quality control, leading to significant improvements in production technology and modern standards[31]. - Research and development expenses increased to ¥16,656,929.27 in 2022, up from ¥10,136,021.52 in 2021, reflecting a growth of 64.5%[182]. - The number of R&D personnel increased by 101.72% to 117, representing 5.98% of the total workforce[53]. Internal Controls and Audit - The internal control evaluation report indicated that 100% of the total assets and operating income of the evaluated units were included in the consolidated financial statements[125]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion, confirming effective internal controls in all material respects[127]. - The company has established or revised multiple internal control systems, including quality food safety management and procurement management, to strengthen internal controls[122]. Management and Leadership - The company has a strong leadership team with diverse professional backgrounds and extensive experience in finance and management[82]. - The company appointed Zhao Chunlei as CFO on May 12, 2022, and Zou Fei as Deputy General Manager on January 13, 2023[81]. - The company experienced management changes, with the resignation of Deputy General Manager Teng Jianxin and Chief Engineer Fan Lin due to age and work adjustments[82].