朗源股份(300175) - 2021 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of ¥246,948,542.57 in 2021, a decrease of 16.88% compared to ¥297,096,292.38 in 2020[4]. - The net profit attributable to shareholders was -¥52,187,595.41, an improvement of 72.37% from -¥188,873,722.40 in the previous year[4]. - The company's operating revenue for 2021 was CNY 244,866,248.96, a decrease from CNY 294,906,958.89 in 2020, indicating a decline of approximately 16.9%[23]. - The net profit attributable to shareholders for the entire year was negative CNY 22,442,000.15 in Q4, contributing to an annual total of negative CNY 52,187,595.41, compared to negative CNY 21,970,606.06 in Q2[25]. - The company reported a significant reduction in sales expenses by 34.66% to ¥5,491,729.88 due to decreased sales revenue[57]. - The total cost of goods sold was ¥196,388,384.98, a decrease of 18.54% from the previous year[53]. - The gross profit margin for the manufacturing sector was 7.45%, down 32.56% year-on-year[49]. Sales and Market Trends - Domestic sales revenue increased by over 20% during the reporting period, driven by domestic consumption and the home baking trend[4]. - Export sales revenue declined by approximately 37.78% due to the impact of the pandemic and rising shipping costs[4]. - The company established partnerships with well-known brands such as Starbucks and Costa, enhancing its market presence[37]. - The North China region saw a revenue increase of 249.11% to ¥68,816,461.33, with a gross profit margin of 36.95%[49]. - The company is focusing on the agricultural product processing sector, particularly in dried fruits and nuts, which are increasingly in demand due to changing consumer preferences towards healthier snacks[33]. Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥30,282,777.25, up 13.46% from ¥26,691,275.26 in 2020[22]. - Total assets decreased by 15.93% to ¥808,898,328.19 at the end of 2021, down from ¥962,185,198.71 at the end of 2020[22]. - The net assets attributable to shareholders decreased by 11.08% to ¥580,490,450.58 at the end of 2021[22]. - Operating cash inflow for 2021 was 246,930,290.14 yuan, a decrease of 49.52% compared to 489,122,840.16 yuan in 2020[61]. - Operating cash outflow for 2021 was 216,647,512.89 yuan, a decrease of 53.15% from 462,431,564.90 yuan in 2020[61]. Research and Development - Research and development expenses were reduced to zero, down from ¥5,436,374.43 in the previous year, indicating a significant cut in R&D investment[38]. - The proportion of R&D investment to operating revenue for 2021 was 0.00%, down from 1.83% in 2020[59]. Governance and Compliance - The company has established a robust governance framework, ensuring compliance with laws and regulations, and effective operation of the board of directors and supervisory board[128]. - The company has a complete business system, capable of independently formulating marketing strategies and conducting business without reliance on shareholders or related parties[90]. - The company has a dedicated audit committee that oversees internal control and financial reporting processes[123]. - The company has not faced any penalties from securities regulatory agencies in the past three years[99]. Risks and Challenges - The company continues to face risks related to market cycles, trade barriers, and the impact of the pandemic on export business[6]. - The company recognizes the cyclical risks in the agricultural market and plans to utilize its cold chain storage and advanced technology to mitigate these impacts[77]. - The company's export business faced significant challenges due to rising shipping costs and reduced customer orders, leading to a substantial impact on sales volume[40]. Employee and Management - The total number of employees at the end of the reporting period was 279, with 262 from the parent company and 17 from major subsidiaries[115]. - The company has a differentiated compensation policy to enhance competitiveness in employee remuneration, focusing on performance-based incentives[117]. - The company has a training plan that includes various types of training, such as onboarding, job-specific training, and safety education[118]. Environmental and Social Responsibility - The company actively adheres to national environmental policies and has implemented measures for energy conservation and emission reduction[131]. - The company has not initiated any targeted poverty alleviation programs during the reporting period and has no subsequent plans[135]. Performance Commitments and Audit - The company has not fulfilled performance commitments for the years 2019, 2020, and 2021, with net profit targets of CNY 30 million, CNY 50 million, and CNY 80 million respectively, remaining unachieved[138]. - The audit report issued a qualified opinion due to insufficient evidence regarding the adequacy of bad debt provisions for accounts receivable totaling 84.25 million RMB[145]. - The company plans to maintain communication with the auditing firm to provide necessary support for obtaining adequate audit evidence[150].