DELISI(SZ:002330)2023-04-18 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥3.07 billion, a decrease of 1.76% compared to ¥3.13 billion in 2021[25]. - The net profit attributable to shareholders for 2022 was approximately ¥31.64 million, down 27.67% from ¥43.74 million in 2021[25]. - The net profit after deducting non-recurring gains and losses was approximately ¥11.86 million, a decline of 68.51% from ¥37.66 million in 2021[25]. - The net cash flow from operating activities was negative at approximately -¥157.82 million, a significant decrease from ¥9.99 million in 2021[25]. - Total assets at the end of 2022 were approximately ¥3.47 billion, an increase of 52.70% from ¥2.27 billion at the end of 2021[25]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥2.40 billion, up 71.72% from ¥1.39 billion at the end of 2021[25]. - The company's total operating revenue for the reporting period was CNY 3,074,836,878.31, representing a year-on-year increase of 6.92%[47]. - The gross profit margin decreased by 0.86% compared to the previous year, standing at 43.56%[47]. - The total revenue for Shandong Delisi Food Co., Ltd. in 2022 was approximately CNY 3.07 billion, a decrease of 1.76% compared to CNY 3.13 billion in 2021[72]. - The revenue from the food processing industry accounted for 96.12% of total revenue, totaling approximately CNY 2.96 billion, down 2.19% year-on-year[72]. - The pre-prepared dishes segment saw a significant increase in revenue, rising by 37.91% to approximately CNY 643 million, representing 20.91% of total revenue[72]. Market and Product Development - The company has introduced a new product line, including fermented ham made from specially selected pigs, which undergoes a unique fermentation process[17]. - The company is focusing on expanding its market presence and enhancing its product offerings through technological advancements and new product development[5]. - The company is focusing on the pre-prepared dishes industry, which has seen significant growth since 2022 due to policy support and changing consumer demands[34]. - The pre-prepared dishes market is expected to expand further, driven by B-end clients seeking cost reduction and C-end consumers desiring convenience[34]. - The company aims to enhance its product offerings and market presence in the pre-prepared dishes sector, which is characterized by low entry barriers and intense competition[35]. - The company focuses on producing and selling pre-made dishes, including four main categories: frozen prepared products, beef products, ready-to-eat snacks, and frozen rice and noodle products[40]. - The company is developing low-salt Western-style fermented ham to meet health demands, aiming for a leading position in the market[82]. - The project for high-quality pre-prepared food aims to enhance product variety and quality, supporting the company's strategic expansion in the prepared food sector[82]. Operational Strategy - The company operates multiple subsidiaries across various regions, enhancing its operational capabilities and market reach[16]. - The company has established a diversified sales model, combining direct sales, distribution, online and offline channels to effectively cover target consumer groups[42]. - The company has signed annual sales contracts with distributors, setting sales targets and quality standards, and encourages the establishment of franchise stores[43]. - The company operates flagship stores and large KA supermarkets, directly selling products to consumers and maintaining customer relationships[44]. - The company has opened flagship stores on e-commerce platforms such as Tmall and JD, actively participating in new retail channels like live streaming and community group buying[45]. - The company collaborates with meat processing enterprises and well-known catering groups to provide customized products based on specific customer needs[46]. - The company has established four major production bases in Shandong, Beijing, Shaanxi, and Jilin, with a total slaughter capacity of 1.3 million pigs per year[56]. - The pre-prepared dishes production capacity is expected to reach 200,000 tons by Q3 2023, with current capacities of 100,000 tons in Shandong and 50,000 tons in Shaanxi[56]. - The company has developed a multi-channel sales strategy, covering B-end and C-end markets, with partnerships with major clients like Haidilao and Hema[57]. Research and Development - The company invested in R&D, establishing a key laboratory for low-temperature meat products and a food safety traceability center, enhancing product innovation capabilities[58]. - The company's R&D investment increased by 23.49% in 2022, amounting to ¥10,420,099.11, compared to ¥8,438,238.85 in 2021[85]. - The number of R&D personnel rose to 60 in 2022, a 3.45% increase from 58 in 2021[84]. - The proportion of R&D personnel with bachelor's degrees doubled from 2 to 4, reflecting a focus on higher education qualifications[84]. - The company aims to enhance product R&D efforts and deepen cooperation with key clients to ensure market support for released capacities[120]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting, with key personnel affirming the completeness and truthfulness of the annual report[4]. - The company adheres to legal regulations to ensure proper governance and has held four shareholder meetings during the reporting period[123]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with governance standards[124]. - The company has established specialized committees to provide professional opinions for board decisions, enhancing governance effectiveness[124]. - The company has implemented strict information disclosure management practices, ensuring the accuracy, timeliness, and completeness of information provided to investors[126]. - The company has established a complete and reasonable corporate governance structure and internal control system in accordance with relevant laws and regulations, but it needs to continuously strengthen its construction and improve its governance and management levels[186]. Environmental Responsibility - The company holds various environmental permits, including a wastewater discharge permit valid until April 2024 and multiple pollution discharge permits valid until 2026[191]. - The company strictly adheres to national and local environmental protection laws and industry standards during its production operations[190]. - The company has implemented a comprehensive environmental monitoring plan to ensure compliance with national and local environmental regulations, with regular monitoring conducted by qualified third-party agencies[196]. - The company has invested in advanced pollution control technologies, including "bag + wet electrostatic" dust removal systems and "limestone-gypsum wet method" desulfurization systems, achieving ultra-low emissions standards[200]. - The company emphasizes resource conservation and environmental protection as part of its corporate social responsibility, aligning with national "carbon neutrality" and "carbon peak" strategies[200]. Talent Management - The company emphasizes talent acquisition and internal training to meet the growing demand for skilled professionals as it expands its operations[119]. - The company has established a long-term training mechanism and improved its compensation and incentive systems to attract and retain top talent[119]. - The company emphasizes a fair and competitive compensation policy to attract, motivate, and retain talent, aligning with its overall development strategy[166]. - The training program focuses on talent cultivation as a primary strategy, offering diverse and practical training courses to enhance employee skills and overall quality[167]. Future Outlook - In 2023, the company aims to enhance its pre-prepared food business, focusing on expanding market presence and improving brand strength, while also strengthening internal management and cost control[111]. - The company plans to accelerate project construction to improve capacity utilization, particularly in the pre-prepared food sector, targeting key regions such as Shandong, Shaanxi, Beijing, and Jilin[112]. - The company will focus on developing key customer relationships and advancing new retail initiatives, collaborating with major chains and leveraging social media platforms to boost sales[113]. - Future performance guidance remains cautious due to market conditions and internal adjustments[135].