益生股份(002458) - 2021 Q4 - 年度财报

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥2,089,921,928.63, representing a 19.35% increase compared to ¥1,751,036,372.39 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥28,453,502.07, a decrease of 69.07% from ¥91,991,339.23 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,648,758.00, down 44.28% from ¥38,851,546.63 in 2020[24]. - The net cash flow from operating activities increased by 72.35% to ¥100,251,756.17 from ¥58,166,557.08 in 2020[24]. - The total assets at the end of 2021 were ¥5,671,517,652.70, a 21.49% increase from ¥4,668,482,639.12 at the end of 2020[24]. - The basic earnings per share for 2021 was ¥0.03, down 66.67% from ¥0.09 in 2020[24]. - The diluted earnings per share for 2021 was also ¥0.03, reflecting a 66.67% decrease from ¥0.09 in 2020[24]. - The weighted average return on net assets for 2021 was 0.90%, down from 2.82% in 2020[24]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 20% in the next fiscal year[17]. - Future guidance estimates a revenue growth of 12% for the upcoming year, driven by new product launches[17]. - The company is expanding its breeding capacity for parent stock chickens, with increasing production of commercial meat chicken chicks[80]. - The company aims to cultivate over 40 new meat chicken varieties by 2025, with a market share of over 60% for self-bred varieties[73]. - The company is actively promoting its convertible bond issuance to fund pig breeding and chicken incubation projects, enhancing risk resistance and profitability[94]. - The company has a clear strategy for market expansion and product development, focusing on the future growth of its poultry and livestock sectors[154]. Research and Development - The company has invested RMB 50 million in research and development for new breeding technologies[17]. - The company has achieved significant breakthroughs in research and development, including the recognition of the "Yisheng 909" small white feather meat chicken breed as a national new variety[82]. - The company is actively participating in national and provincial research projects to enhance its technological capabilities and contribute to the poultry industry[82]. - The company focuses on genetic breeding and has established a high-standard breeding system, collaborating with research institutions to enhance breeding performance[87]. - R&D investment amounted to ¥70,669,349.44, a decrease of 20.28% compared to the previous year, with R&D investment accounting for 3.38% of operating income[120]. Operational Risks and Challenges - The company is facing risks related to reliance on foreign suppliers and fluctuations in raw material prices[5]. - The company faces risks related to reliance on foreign suppliers for breeding technology, which could impact supply stability[71]. - The company faces risks from price fluctuations in poultry products, which could negatively impact business performance if demand decreases[74]. - The cyclical nature of the pig farming industry results in price fluctuations approximately every 3-4 years, influenced by the production decisions of numerous small-scale farmers[46]. Corporate Governance and Management - The company maintains a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[159]. - The company has established a robust internal audit system to oversee economic performance and compliance with internal controls[160]. - The company has a total of 7 board members, including 3 independent directors, ensuring compliance with governance requirements[159]. - The company has an independent financial accounting department and a financial management system, allowing for independent financial decision-making[165]. - The company has established independent personnel archives and a salary management system, ensuring no overlap with the controlling shareholder[165]. Sustainability and Social Responsibility - The company is committed to sustainability practices, aiming to reduce its carbon footprint by 25% in the next five years[185]. - The company will focus on safety management and epidemic prevention measures to ensure biological safety and product quality[149]. Customer Engagement and Sales - User data indicates a growth in customer base by 25%, reaching a total of 500,000 active users[17]. - The total sales amount from the top five customers reached ¥438,395,529.91, accounting for 20.98% of the annual total sales[112]. - Direct sales accounted for 69.65% of total revenue, increasing from 73.72% in the previous year, while distribution sales rose to 30.35% from 26.28%[98]. Financial Management and Remuneration - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 7.76 million[191]. - The chairman and president, Cao Jisheng, received a total pre-tax remuneration of CNY 1.85 million[191]. - The total remuneration for the board members was approved by the compensation and assessment committee and the board of directors[190]. - The company’s remuneration policy includes a performance bonus based on the completion of responsibility targets[190].