Zuming Bean(SZ:003030)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,337,203,545.73, representing a 9.14% increase compared to ¥1,225,173,705.54 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥55,719,962.21, a decrease of 44.83% from ¥100,989,865.46 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,228,936.77, down 42.57% from ¥94,421,168.99 in 2020[6]. - The net cash flow from operating activities for 2021 was ¥125,478,760.93, a decline of 32.01% compared to ¥184,545,501.55 in 2020[6]. - The basic earnings per share for 2021 was ¥0.45, a decrease of 58.33% from ¥1.08 in 2020[6]. - The total assets at the end of 2021 were ¥1,693,385,300.92, an increase of 7.28% from ¥1,578,533,115.30 at the end of 2020[6]. - The company's weighted average return on equity for 2021 was 5.56%, down 13.12% from 18.68% in 2020[6]. - The company reported a total of ¥4,959,897.05 in government subsidies for 2021, compared to ¥12,430,857.16 in 2020[26]. - The company achieved a total revenue of CNY 1,337.20 million, representing a year-on-year growth of 9.14%[63]. - The net profit attributable to shareholders for 2021 was CNY 55.72 million, a decrease of 44.83% compared to the previous year[63]. Business Operations - The company operates in the "Agricultural and Sideline Food Processing" industry, specifically in the "Soy Products Manufacturing" sector[30]. - The company has no changes in its main business since its listing, nor any changes in its controlling shareholders[19]. - The company has established strong partnerships with major retailers and food service providers, enhancing its market presence[39]. - The company operates a cold chain logistics system with over 250 refrigerated trucks, covering more than 95% of its fresh soybean product customers[56]. - The company has developed over 400 product varieties, including fresh soybean products, plant protein beverages, and leisure soybean products[60]. - The company has implemented a digital management platform that integrates finance, supply chain, and production, enhancing operational efficiency[57]. - The company has established a stable sales network covering major retail and restaurant chains, enhancing market penetration[55]. Product Development and Innovation - The company launched new product lines in 2021, including the "Mai" series tofu and organic products made from Northeast organic soybeans[40]. - The company is actively exploring new product development, including steamed tofu and fermented plant protein drinks[41]. - The company focused on product innovation, launching over 20 new products and optimizing existing recipes and processes[68]. - The company plans to develop a new bottled soy milk product line to enhance its plant-based beverage offerings[86]. - The company applied for 5 invention patents and 9 utility model patents in 2021, bringing the total to 19 invention patents and 52 utility model patents[62]. Market Trends and Competition - The demand for high-end soybean products is increasing, driven by consumers' desire for higher quality and professional consumption experiences[32]. - The soybean product market is characterized by low price volatility and stable demand, indicating a lack of significant cyclical trends[35]. - The company is facing intensified market competition but has expanded its sales scale and gained a strong market position in the Yangtze River Delta region[122]. - The company is exploring mergers and acquisitions to achieve nationwide expansion and strengthen its competitive advantage through advanced production equipment and new product development[123]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report, highlighting potential operational risks and corresponding countermeasures[4]. - The company has established comprehensive internal control systems, ensuring the accuracy and completeness of financial reporting and compliance with legal disclosure requirements[136]. - There were no significant legal violations or related party fund occupation incidents during the reporting period, ensuring the protection of shareholder interests[136]. - The company has not encountered any major issues in the management and control of its subsidiaries during the reporting period[185]. Corporate Governance - The board of directors consists of 9 members, including 1 chairman, 1 vice chairman, and 3 independent directors, operating in accordance with the company's articles of association and relevant regulations[131]. - The supervisory board comprises 3 members and held 5 meetings to oversee major matters, related transactions, and the compliance of directors and senior management[133]. - The company held 3 shareholder meetings during the reporting period, ensuring compliance with relevant regulations and allowing shareholders to exercise their rights effectively[130]. - The company’s independent directors provided independent opinions on significant matters, ensuring the protection of investors' rights[167]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 3,157, with 1,482 in production, 1,339 in sales, and 56 in technical roles[173]. - The company has implemented a differentiated compensation policy, rewarding frontline workers based on piecework and sales personnel with a base salary plus performance bonuses[175]. - The company has a training program for new employees, covering company policies, safety, and operational skills[176]. - The company maintains a 100% employee labor contract signing rate and social insurance participation rate, ensuring employee rights are protected[199]. Environmental Responsibility - The company has built a wastewater treatment plant with a design capacity of 5,500 tons/day, utilizing anaerobic and advanced treatment processes, achieving a comprehensive discharge standard[192]. - The wastewater treatment facility operates normally and meets the Class III discharge standard, with all production wastewater collected for centralized treatment[192]. - The company has signed an environmental pollution liability insurance policy annually since 2016 to improve emergency response capabilities for environmental incidents[194]. - The company has implemented an automatic monitoring system at wastewater discharge points, ensuring real-time data transmission to environmental protection departments[195]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[153]. - New product launches are expected to contribute an additional 200 million yuan in revenue over the next year[154]. - The company plans to enhance management capabilities through budget management, refined production process control, and improved equipment management to ensure timely and quality production[111]. - The company aims to maintain technological leadership in the fresh soy product sector through new product development and process optimization[86].