麦趣尔(002719) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥1,146,225,734.85, representing a 30.93% increase compared to ¥875,419,375.06 in 2020[19] - The net profit attributable to shareholders of the listed company decreased by 65.01% to ¥18,457,547.57 from ¥52,750,759.91 in the previous year[19] - The net cash flow from operating activities was ¥86,808,908.01, down 45.40% from ¥158,979,738.44 in 2020[19] - Basic earnings per share fell by 65.00% to ¥0.1060 from ¥0.3029 in the previous year[19] - Total assets at the end of 2021 were ¥1,550,727,293.98, an increase of 9.16% from ¥1,420,646,681.18 at the end of 2020[19] - The net assets attributable to shareholders of the listed company increased slightly by 0.64% to ¥880,553,858.12 from ¥874,971,345.48 in 2020[19] - The company reported a decrease in the weighted average return on net assets to 2.10% from 6.22% in the previous year[19] - The net profit after deducting non-recurring gains and losses was ¥5,990,924.16, a slight decrease of 1.95% from ¥6,109,988.36 in 2020[19] Dividend Distribution - The company plans to distribute a cash dividend of ¥0.19 per 10 shares, based on a total of 174,139,457 shares[5] - The cash dividend accounted for 20% of the total profit distribution[154] - The cash dividend distribution plan proposed a cash dividend of 0.1931 yuan per 10 shares, totaling 3,362,632.91 yuan[155] - The total number of shares for dividend distribution was 174,139,457, including repurchased shares[155] Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 of 2021 was approximately ¥216.72 million, ¥264.44 million, ¥342.15 million, and ¥322.93 million respectively, showing a significant increase in Q3[23] - The net profit attributable to shareholders for the same quarters was ¥5.32 million, ¥5.61 million, ¥6.61 million, and ¥0.91 million, indicating a decline in Q4[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4.58 million, ¥3.21 million, ¥6.11 million, and -¥7.91 million, highlighting a substantial loss in Q4[23] - The company's revenue from food manufacturing reached ¥1,146,225,734.85, a year-on-year increase of 30.93%, while the cost of goods sold rose by 37.06%, resulting in a gross margin of 19.26%[36] - Revenue from dairy products was ¥732,920,146.58, with a year-on-year growth of 57.75%, while the gross margin decreased to 14.87%[36] - Revenue from baked goods was ¥265,487,168.74, showing a slight increase of 1.34%, with a gross margin of 22.07%[36] Operational Efficiency - The net cash flow from operating activities was -¥10.22 million in Q1, followed by positive cash flows of ¥16.78 million, ¥44.89 million, and ¥35.36 million in subsequent quarters, indicating improved operational efficiency[23] - The company’s production volume rose by 37.59% to 86,603.99 tons, driven by increased sales volume[56] - The inventory level increased by 108.88% to 2,929.61 tons, attributed to revenue growth leading to higher finished goods and raw material stock[57] - The company has established a comprehensive production layout with dairy, baking, and frozen food production lines, enhancing its operational efficiency[46] Market Trends - The dairy industry in China saw a 7.1% increase in milk production in 2021, reaching 36.83 million tons, while imports rose by 18.5% to 3.95 million tons[30] - The baking food industry in China is projected to grow from ¥208.12 billion in 2020 to ¥242.46 billion in 2021, reflecting a compound annual growth rate of 16.50%[32] - The retail market for baked goods is expected to reach ¥288.59 billion in 2021, up from ¥231.71 billion in 2019, indicating a robust growth trajectory[32] Risk Management - The company has indicated potential risks and countermeasures in its future development outlook section of the report[5] - The company is facing risks from the ongoing COVID-19 pandemic, which may impact its operations if local outbreaks occur in its business areas[101] - The company is exposed to raw material price fluctuations, particularly for milk, flour, and sugar, which could affect its gross margin[104] - The company has implemented measures to control costs and mitigate the impact of rising raw material prices through open bidding and improving material utilization[104] Corporate Governance - The company adheres to legal and regulatory requirements for information disclosure, ensuring all shareholders have equal access to information[113] - The company has established a transparent performance evaluation and incentive mechanism for senior management, with annual performance assessments based on operational indicators[114] - The company maintains independence from its controlling shareholders in terms of business operations, assets, personnel, and financial management[116] - The company has a complete and independent organizational structure, with no interference from controlling shareholders in its operations[118] Environmental Responsibility - The company in wastewater treatment has established a wastewater treatment system to ensure emissions meet national standards[165] - The company has implemented noise control measures, including equipment improvements and noise monitoring, ensuring noise emissions comply with national standards[168] - The company has engaged in long-term communication and collaboration with suppliers and industry peers to foster mutual benefits and technological exchanges[178] - The company has a commitment to sustainable development, focusing on low-carbon and environmentally friendly practices[182] Employee Management - The total number of employees at the end of the reporting period was 2,183, with 1,755 from major subsidiaries and 428 from the parent company[146] - The company has established a competitive salary system based on market research, ensuring core positions have salaries above industry benchmarks[148] - The company has a training budget and detailed training plans to enhance employee skills and career development[149] Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[192] - New product launches are expected to contribute an additional 300 million yuan in revenue, with a focus on innovative dairy products[194] - The company is expanding its market presence, targeting an increase in market share by 10% in the next year[195] - There are plans for strategic acquisitions to enhance product offerings, with a budget allocation of 500 million yuan for potential mergers[196]