LONGDA(SZ:002726)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 16,116,307,059.41, a decrease of 17.39% compared to CNY 19,509,959,768.79 in 2021[10] - The net profit attributable to shareholders for 2022 was CNY 75,375,610.30, a significant increase of 111.45% from a loss of CNY 658,573,721.79 in 2021[10] - The net profit after deducting non-recurring gains and losses was CNY 147,875,603.59, up 125.94% from a loss of CNY 570,158,917.83 in the previous year[10] - Basic earnings per share for 2022 were CNY 0.07, compared to a loss of CNY 0.64 per share in 2021, marking an increase of 110.94%[10] - The company achieved a total operating revenue of 16.116 billion yuan, with a net profit attributable to shareholders of 75.3756 million yuan, representing a year-on-year growth of 111.45%[68] - The company reported a total revenue of 333,149.73 in the current period, with no profit distribution recorded[80] - Net profit attributable to shareholders reached 75 million yuan, an increase of 111.45% year-on-year, while the net profit excluding non-recurring gains and losses was 141 million yuan, up 124.81%[120] Cash Flow and Assets - The net cash flow from operating activities reached CNY 941,102,462.16, a remarkable increase of 1,173.36% compared to a negative cash flow of CNY 87,677,769.49 in 2021[10] - Cash flow from operating activities generated a net amount of CNY 24,137,196.18 in 2022, down from CNY 320,417,141.68 in 2021, indicating a significant decrease of approximately 92.5%[53] - The company's cash and cash equivalents decreased to RMB 475,797,627.63 from RMB 903,492,722.39, representing a decline of about 47.4%[44] - The total assets at the end of 2022 were CNY 7,977,125,571.16, a decrease of 3.11% from CNY 8,233,177,121.66 at the end of 2021[10] - The total assets of the company were 7.977 billion yuan, a decrease of 3.11% year-on-year, while net assets increased by 3.34% to 3.504 billion yuan[120] Liabilities and Equity - The total liabilities decreased from CNY 4,143,125,088.72 in 2021 to CNY 3,518,625,480.03 in 2022, representing a reduction of approximately 15.1%[45] - The total owner's equity decreased from CNY 2,424,649,956.29 in 2021 to CNY 2,310,813,828.19 in 2022, a decline of about 4.7%[45] - The company's retained earnings decreased significantly from CNY 138,660,036.63 in 2021 to CNY 15,171,713.72 in 2022, a drop of about 89%[45] Business Operations - The company slaughtered 5.8936 million pigs during the reporting period, with an annual slaughter capacity of 11 million pigs across seven large slaughterhouses[70] - The company's pig output reached 501,200 heads, marking a year-on-year increase of 25.65%[71] - The company’s financial report indicated a significant increase in revenue from the prepared food segment, which is a core focus of its business strategy[68] - The company’s investment in raw materials (live pigs) amounted to approximately 11.998 billion yuan, reflecting its commitment to controlling supply chain costs[74] - The company is focusing on brand development and marketing, aiming to become a leading food enterprise in China, with a comprehensive upgrade of its brand logo in 2022[101] Market and Product Development - The company is actively participating in the establishment of the Shandong Prepared Food Industry Alliance to promote collaborative development in the prepared food sector[101] - The company aims to enhance its brand influence and has received multiple awards, including "Top 500 Agricultural Enterprises in China" and "Leading Brand in Pre-prepared Dishes" in 2022[129] - The company launched various pre-prepared food products, including hot pot ingredients and ready-to-eat meals, expanding into new market segments[166] - A total of 185 new products were developed during the reporting period, including 138 semi-finished products and 39 finished products[123] Strategic Initiatives - The company has committed to avoiding competition with its own listed entity by limiting future projects to specific regions and ensuring no financial resources are occupied from the listed company[91] - The company plans to inject the Wucang Agricultural Group into the listed company within one year after the project meets the necessary conditions, with a deadline set for the end of 2023[91] - The company has established leading food R&D centers in Shandong, Shanghai, and Sichuan to enhance supply chain integration and respond to local market demands[99] - The company has focused on developing innovative products tailored to local tastes and preferences, particularly in the food sector[99] Compliance and Governance - The company has maintained compliance with its commitments regarding avoiding competition and related transactions, ensuring fair market practices[91] - The company has reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[92] - The company has not engaged in any external guarantees during the reporting period[93] - The report does not indicate any new product developments or technological advancements during the period[80] Future Outlook - Future development strategies will be influenced by external environments and operational changes, emphasizing the need for risk awareness among investors[26] - The company plans to continue focusing on product innovation and market expansion strategies in the upcoming fiscal year[144]