庄园牧场(002910) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was CNY 1,049,876,988.11, representing a 2.78% increase compared to CNY 1,021,431,541.67 in 2021 [24]. - The net profit attributable to shareholders for 2022 was CNY 60,948,664.04, a 13.85% increase from CNY 53,533,055.78 in 2021 [24]. - The basic earnings per share increased by 21.74% to CNY 0.28 in 2022, up from CNY 0.23 in 2021 [24]. - The company achieved a revenue of CNY 1.05 billion in 2022, representing a year-on-year growth of 2.78% [44]. - The net profit for 2022 was CNY 60.95 million, an increase of 13.85% compared to the previous year [44]. - Total revenue for 2022 reached ¥1,049,876,988.11, a year-on-year increase of 2.78% compared to ¥1,021,431,541.67 in 2021 [60]. - Revenue from liquid milk and dairy products was ¥1,021,984,599.99, accounting for 97.34% of total revenue, with a significant year-on-year growth of 15.71% [60]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the fiscal year 2022, representing a growth of 20% year-over-year [150]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% [165]. Cash Flow and Dividends - The company reported a cash dividend of 0.62 RMB per 10 shares, based on a total of 196,698,691 shares [7]. - The cash dividend for 2022 represents 100% of the total profit distribution amount [179]. - The company has not issued any bonus shares or converted capital reserves into share capital in the recent profit distribution plans [179]. - The company has maintained a transparent decision-making process for its cash dividend policy, ensuring the protection of minority shareholders' rights [179]. Risk Management - The company faces risks related to large-scale diseases in dairy cattle farming, product quality control, and food safety [6]. - The company has a comprehensive risk management strategy outlined in the management discussion and analysis section of the report [6]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated in the audit report [24]. - The company has a risk of significant impact from large-scale cattle diseases, which could affect milk supply, cost increases, and demand reduction, although no major outbreaks have occurred domestically yet [122]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies [6]. - The company plans to enhance product differentiation through innovative packaging and new product development [73]. - The company intends to expand sales channels into third-tier cities and rural markets to enhance market penetration [114]. - The company is expanding its market presence, planning to enter three new provinces in 2023, which is expected to increase market share by 10% [150]. - The company has completed a strategic acquisition of a local dairy farm for 300 million CNY, enhancing production capacity by 25% [150]. Research and Development - R&D investment increased significantly by 156.76% to ¥23,742,164.20 in 2022 from ¥9,246,921.52 in 2021, representing 2.26% of operating revenue [73]. - The company plans to invest 200 million RMB in research and development for new technologies aimed at enhancing production efficiency [165]. - Research and development efforts are focused on sustainable farming technologies, with an investment of 50 million CNY allocated for 2023 [150]. Environmental and Compliance - The company emphasizes the importance of environmental protection and has implemented measures to ensure compliance [6]. - The company has implemented effective environmental protection measures to manage pollution from livestock waste and production processes, ensuring compliance with national standards [125]. - The company renewed its pollutant discharge permit on December 23, 2022, valid until December 22, 2027 [200]. - The company reported a chemical oxygen demand discharge of 18.97 mg/L, below the standard of 100 mg/L [200]. Corporate Governance - The company has maintained a transparent process for the management of raised funds, adhering to guidelines set by regulatory bodies [103]. - The company held two shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting minority shareholder interests [131]. - The board of directors has convened nine times during the reporting period, with a composition that meets legal requirements and ensures independent oversight [132]. - The company emphasizes the importance of party leadership in governance and decision-making processes [193]. Employee Management - The total number of employees at the end of the reporting period was 1,396, with 710 in the parent company and 686 in major subsidiaries [173]. - The company conducted a total of 273 training sessions in 2022, with 6,822 participants, including safety education for new employees and specialized technical training [176]. - The company aims to enhance employee compensation and benefits by linking individual performance with overall business performance [175]. Subsidiaries and Acquisitions - The company has subsidiaries that contribute to its overall operational capacity and market reach [15]. - The company established a new wholly-owned subsidiary, Gansu Ruinong Tongdao E-commerce Co., Ltd., with a registered capital of ¥10 million on October 11, 2022 [67]. - The company acquired 82% equity in Xi'an Dongfang Dairy for a total investment of 15 million yuan [100]. Product and Sales Performance - The company operated 7 standardized dairy farms in Gansu and Shaanxi, with a total of 20,402 dairy cows, a 16.10% increase from 17,573 cows at the end of 2021 [43]. - The production of fresh milk in 2022 was approximately 96,363 tons, up 13.81% from about 84,668 tons in 2021 [43]. - The company's fresh milk production reached approximately 96,363 tons in 2022, an increase of 13.81% from about 84,668 tons in 2021, with self-owned farm raw milk supply rate exceeding 70% [55].