Hiroad(SZ:300915)2023-04-25 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2022, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[16] - The company's operating revenue for 2022 was ¥868,163,477.37, representing a 16.23% increase compared to ¥746,934,444.44 in 2021[21] - The net profit attributable to shareholders for 2022 was ¥93,311,771.57, a decrease of 17.01% from ¥112,435,917.87 in 2021[21] - The total revenue for the company in 2022 was ¥86,816.35 million, representing a 16.23% increase from ¥74,693.44 million in 2021, while the overall gross margin decreased from 43.66% to 32.98%[54] - The company reported a total revenue of 65,310,000 in the fiscal year 2022, with a slight decrease to 65,298,000 after adjustments[134] - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[182] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 4 per 10 shares, totaling RMB 36 million for all shareholders[4] - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling 36,000,000 RMB, based on a total share capital of 90,000,000 shares[166] - The total amount of undistributed profits as of December 31, 2022, is 355,743,480 RMB, with a capital reserve balance of 967,193,149.77 RMB[167] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[16] - The company is expanding its market presence, targeting an increase in market share by 10% in the next fiscal year[181] - The company is actively pursuing a plant-based strategy, launching products like the "Flying Egg" plant-based nut cream, which won the "Best Creative Product Award" at a food industry summit[36] - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and product offerings[16] - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 500 million RMB allocated for this purpose[181] Research and Development - The company has allocated RMB 50 million for research and development in innovative food technologies for the upcoming year[16] - Research and development investments increased by 30% in 2022, totaling 300 million RMB, aimed at enhancing product offerings[181] - The company completed several R&D projects, including a capsule ice cream with a target fat content of ≥5g/100g and a viscosity of ≤500cps, expected to generate annual sales revenue of ¥30 million[83] - The company aims to achieve annual sales revenue of ¥17 million from a newly developed sweet oil product with a fat content of 49%-51%[83] Product Development - New product development includes the launch of a plant-based protein line, expected to contribute an additional RMB 100 million in revenue in 2023[16] - The company launched new products including the "Lianru 70" light cream and a co-branded cheese cream with Kiri, enhancing product offerings for the Eastern consumer palate[34][35] - The company has launched new products such as non-hydrogenated chocolate and plant-based cream, enhancing its product portfolio[65] Operational Efficiency - The management has set a revenue target of RMB 1.5 billion for 2023, reflecting a growth rate of 25%[16] - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[182] - The company is focusing on enhancing its core business advantages and expanding into the health food sector and high-end cream market[102] Risk Management - The board has highlighted potential risks including market competition and regulatory changes that may impact future performance[4] - The competitive landscape shows that major players in the cream market include Weiyi Foods, Huirong Technology, and Lihigh Foods, with market concentration still low but improving[49] Corporate Governance - The company has established an independent financial department with a dedicated accounting system and financial management policies, ensuring compliance with public company standards[130] - The company has a governance structure that operates independently from the actual controller, ensuring no interference in its operations[131] - The company has maintained a stable management team, with key executives holding significant shares, such as 38,880,000 shares held by the chairman[133] Social Responsibility and Sustainability - The company emphasizes environmental responsibility, actively promoting green practices and ensuring compliance with national environmental regulations[174] - The company has not faced any administrative penalties related to environmental issues during the reporting period[174] - The company is committed to social responsibility, enhancing corporate governance, and protecting shareholder rights[176] Employee Development - The company has invested significantly in training programs, including specialized training for over 50 sales application technical service engineers since 2021[160] - The total number of employees at the end of the reporting period is 881, with 659 in the parent company and 222 in major subsidiaries[157] - The professional composition includes 389 sales personnel, 259 production personnel, 95 technical personnel, 18 financial personnel, and 120 administrative personnel[157]