庄园牧场(002910) - 2021 Q4 - 年度财报

Financial Performance - The company reported a cash dividend of 0.47 RMB per 10 shares, based on a total of 232,381,032 shares[5]. - The company's operating revenue for 2021 was CNY 1,021,431,541.67, representing a 38.06% increase compared to CNY 739,820,698.20 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 53,533,055.78, a significant increase of 412.11% from CNY 10,453,468.09 in 2020[21]. - The net profit after deducting non-recurring gains and losses reached CNY 50,479,780.10, up 1,469.57% from CNY 3,216,161.76 in the previous year[21]. - The net cash flow from operating activities was CNY 206,991,243.70, an increase of 46.13% compared to CNY 141,646,871.16 in 2020[21]. - The basic earnings per share for 2021 was CNY 0.23, a 360.00% increase from CNY 0.05 in 2020[22]. - The total assets at the end of 2021 were CNY 2,810,379,800.62, a decrease of 8.77% from CNY 3,080,558,015.83 at the end of 2020[22]. - The net assets attributable to shareholders increased by 3.07% to CNY 1,640,693,050.51 from CNY 1,591,833,606.73 in 2020[22]. - The company achieved a revenue of 1.021 billion yuan in 2021, representing a growth of 38.06% year-on-year, and a net profit of 53.53 million yuan, an increase of 412.11% from the previous year[45]. - The company reported a total of CNY 3,053,275.68 in non-recurring gains for 2021, compared to CNY 7,237,306.33 in 2020[28]. Market and Industry Trends - The dairy industry in China is experiencing increased market concentration, with major brands gaining market share due to strict regulations and restructuring efforts[33]. - The government has emphasized the importance of dairy industry revitalization, with policies aimed at improving quality and safety, as highlighted in the 14th Five-Year Plan[34]. - The National Health Commission recommends a daily intake of 300 grams of dairy products, reinforcing the health benefits of dairy consumption and contributing to market growth[35]. - The market share of dairy products is shifting towards large enterprises with strong brand recognition and scale efficiency, indicating a trend towards consolidation[36]. - The dairy industry in China is characterized by a lack of seasonal consumption patterns, indicating a steady demand for dairy products[39]. - The post-pandemic era has increased consumer awareness of food health and nutrition, leading to a rise in dairy product consumption[121]. - The dairy industry is expected to continue its steady growth due to increasing consumer demand for quality and health, supported by national policies promoting dairy development[120]. Operational Strategy - The company operates a full industry chain model, focusing on self-owned dairy farms for raw milk supply, which enhances quality control and market competitiveness[41]. - The company has established standardized and scaled self-owned farms in Gansu and Qinghai, ensuring reliable raw milk quality[43]. - The company’s operational model includes a focus on technological research and development, enhancing its competitive edge in the dairy market[41]. - The company aims to deepen sales channels and increase market share, particularly targeting the rising dairy consumption in third and fourth-tier cities and rural markets[128]. - The company plans to enhance the efficiency of large-scale farms through standardized management processes, which is expected to improve profitability and create more jobs[75]. - The company is focusing on creating a safe and controllable production and sales system for dairy products, integrating dairy farming, fresh milk procurement, processing, and distribution[117]. Risk Management - The company faces risks related to large-scale diseases in dairy cattle, product quality control, and environmental protection[5]. - The company has a comprehensive strategy to manage potential risks in dairy farming and food safety[5]. - The company has implemented measures to address potential risks from large-scale cattle diseases, focusing on health monitoring and preventive measures in its farms[136]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[5]. Governance and Compliance - The management team has confirmed the accuracy and completeness of the financial report in the annual report[4]. - The company is committed to maintaining transparency and compliance with the Shenzhen Stock Exchange's disclosure requirements[5]. - The company has established a complete independent organizational structure, with no interference from the controlling shareholder in its operational management[152]. - The company has implemented a strict internal audit system to ensure the authenticity and completeness of financial information[149]. - The company has received independent board approval for all temporary fund uses and repayments, ensuring compliance with regulations[100]. - The company has a clear strategy for managing environmental risks associated with its operations, focusing on compliance and effective pollution control measures[138]. Product Development and Sales - The company’s main products include pasteurized milk, sterilized milk, and fermented dairy products, primarily sold in the northwestern regions of China[40]. - The company achieved a total operating revenue of ¥1,021,431,541.67 in 2021, representing a year-on-year increase of 38.06% compared to ¥739,820,698.20 in 2020[62]. - The liquid milk and dairy products segment contributed ¥883,220,467.47, accounting for 86.47% of total revenue, with a year-on-year growth of 22.30%[62]. - The company plans to launch two new product lines in 2022, focusing on organic dairy products and health supplements[169]. - New product development includes the launch of a premium dairy line, projected to contribute an additional 50 million CNY in revenue[164]. Employee and Management - The total number of employees at the end of the reporting period was 1,401, with 708 in the parent company and 693 in major subsidiaries[191]. - The company has established a competitive salary system that aligns individual performance with overall business performance to enhance employee retention and attract talent[193]. - The company is focusing on strengthening the diligence of its board members and management to ensure effective governance[188]. - The company plans to enhance its training system in 2022, focusing on professional skills and safety training[195]. Future Outlook - The company has set a future outlook with a revenue guidance of 600 million CNY for 2022, reflecting an expected growth of 20%[163]. - The company plans to invest 100 million CNY in technology upgrades to improve operational efficiency[161]. - The company aims to improve its supply chain efficiency, targeting a 5% reduction in operational costs by optimizing logistics[169]. - The company is in the process of evaluating potential mergers and acquisitions to further enhance its market position, although no specific targets were mentioned[159].