Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 4,632.2 million, a decrease of 3.5% year-on-year[2]. - Gross profit for the same period was RMB 1,959.6 million, an increase of 9.3% year-on-year, with a gross margin of 42.3%, up 4.9 percentage points[2]. - Net profit for the year was RMB 151.3 million, a significant decrease of 81.7% year-on-year[2]. - Adjusted net profit was RMB 913.1 million, reflecting a slight increase of 0.6% year-on-year[2]. - Basic adjusted earnings per share were RMB 0.42, down 5.3% year-on-year[2]. - The company reported a total comprehensive income of RMB 250.7 million for the year, down from RMB 784.5 million in 2021[6]. - Profit before tax decreased by 62.4% to RMB 412.4 million, down from RMB 1,096.6 million in the previous year[55]. - Other income net amount for the year ended December 31, 2022, was RMB 107,578 thousand, down 29.5% from RMB 152,666 thousand in 2021[21]. - Net financing income for the year ended December 31, 2022, was RMB 57,685,000, compared to RMB 19,246,000 in 2021[29]. - The income tax expense for the year ended December 31, 2022, was RMB 261,080,000, slightly down from RMB 269,903,000 in 2021[30]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 6,930.3 million, compared to RMB 5,190.6 million in 2021[7]. - Total liabilities decreased from RMB 1,520,660 thousand in 2021 to RMB 1,405,923 thousand in 2022, a reduction of approximately 7.5%[8]. - Non-current liabilities increased significantly from RMB 265,148 thousand in 2021 to RMB 405,677 thousand in 2022, representing a growth of about 53%[8]. - Current liabilities decreased from RMB 1,255,512 thousand in 2021 to RMB 1,000,246 thousand in 2022, a decline of approximately 20.3%[8]. - The company's net asset value rose from RMB 3,669,929 thousand in 2021 to RMB 5,524,412 thousand in 2022, an increase of around 50.5%[8]. - The total equity increased from RMB 3,669,929 thousand in 2021 to RMB 5,524,412 thousand in 2022, reflecting a growth of approximately 50.5%[8]. - The company's borrowings decreased from RMB 396,112 thousand in 2021 to RMB 120 thousand in 2022, a significant drop of approximately 99.97%[8]. - Deferred income increased from RMB 160,316 thousand in 2021 to RMB 196,033 thousand in 2022, representing a growth of about 22.3%[8]. - The company's other reserves surged from RMB 1,481,512 thousand in 2021 to RMB 3,226,009 thousand in 2022, an increase of approximately 117.5%[8]. Revenue Breakdown - Revenue from the Chinese market was RMB 4,566,747 thousand, down 4.5% from RMB 4,780,404 thousand in 2021[17]. - The group’s revenue from overseas customers was RMB 65,474 thousand, significantly up from RMB 19,796 thousand in 2021, marking a growth of 230.5%[17]. - Revenue from seasoning noodle products decreased by 6.8% from RMB 2,918.0 million in 2021 to RMB 2,718.6 million in 2022, accounting for 58.7% of total revenue, down from 60.8%[58]. - Revenue from vegetable products increased by 1.8% from RMB 1,664.1 million in 2021 to RMB 1,693.3 million in 2022, representing 36.6% of total revenue, up from 34.7%[58]. - Revenue from offline channels accounted for 89.5% of total revenue in 2022, amounting to RMB 4,145.9 million, a decrease of 2.4% from RMB 4,246.4 million in 2021[62]. - Revenue from online channels decreased by 12.2% to RMB 486.3 million in 2022, down from RMB 553.8 million in 2021[63]. Dividends and Shareholder Returns - The company proposed a final dividend of RMB 0.12 per share and a special dividend of RMB 0.12 per share[2]. - The proposed final dividend for the year ended December 31, 2022, is RMB 0.12 per share, totaling RMB 273,928,000, with a special dividend of the same amount also proposed[41]. - The board proposed a final dividend of RMB 0.12 per share for the year ended December 31, 2022, totaling approximately RMB 273.9 million[101]. - The board's dividend policy states that at least 25% of distributable profits will be allocated as dividends, subject to business performance and financial conditions[102]. Operational Highlights - The company successfully listed on the Hong Kong Stock Exchange on December 15, 2022, marking a significant milestone[51]. - The company introduced new product formulations focusing on non-fried and zero-sugar options, enhancing consumer experience[51]. - The company expanded its sales channels, strengthening its retail coverage and enhancing service capabilities[51]. - The company aims to enhance product quality and core competitiveness while expanding its distribution network[52]. - The company is focused on improving operational efficiency through talent acquisition and supply chain upgrades[51]. - The company anticipates a gradual recovery in consumer spending as pandemic restrictions ease[52]. Research and Development - The company established a long-term partnership with Jiangnan University to enhance product and technology research and development capabilities, with a dedicated research team of 75 professionals[69]. - The company has two application research centers in Henan and Shanghai, with approximately 62.7% of the research team holding master's degrees, focusing on food engineering and safety[69]. - The company is focused on upgrading existing products and introducing new flavors through a modular R&D model, significantly improving the success rate of product development[68]. Corporate Governance - The audit committee consists of three independent non-executive directors, with Mr. Zhang Bihong serving as the chairman, responsible for reviewing and supervising the company's financial data[105]. - The independent auditor, PwC, has agreed that the financial statements for the year ended December 31, 2022, are based on the audited consolidated financial statements[106]. - The company has adhered to the corporate governance code as per the Listing Rules from the date of listing until December 31, 2022[107]. - All directors confirmed compliance with the standard code for securities transactions from the date of listing until December 31, 2022[108].
卫龙美味(09985) - 2022 - 年度业绩