劲仔食品(003000) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 2,065,206,610.45, representing a 41.26% increase compared to CNY 1,462,030,708.54 in 2022[19]. - Net profit attributable to shareholders increased by 68.17% to CNY 209,579,373.27 from CNY 124,661,269.25 in the previous year[20]. - The net profit after deducting non-recurring gains and losses rose by 64.49% to CNY 186,443,590.10, up from CNY 113,384,657.44 in 2022[20]. - The net cash flow from operating activities increased by 66.72% to CNY 155,780,679.11, compared to CNY 93,439,333.96 in the previous year[20]. - Basic earnings per share grew by 53.80% to CNY 0.4771 from CNY 0.3103 in 2022[20]. - Total assets at the end of 2023 reached CNY 1,818,281,992.98, a 40.19% increase from CNY 1,296,213,162.90 at the end of 2022[19]. - The net assets attributable to shareholders increased by 35.04% to CNY 1,306,550,383.05 from CNY 967,586,597.88 in 2022[19]. - The company's total revenue for the reporting period reached CNY 2,065,206,610.45, representing a 41.26% increase compared to the previous year[44]. - Total revenue for 2023 reached CNY 3,057 million, a 34.85% increase compared to CNY 2,267 million in 2022[49]. Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The company reported a net profit available for distribution to shareholders of CNY 270,092,737.30, with a cash dividend distribution plan of CNY 134,257,547.70, representing 100% of the total profit distribution[163]. - The cash dividend per 10 shares is set at CNY 3.00 (including tax), with a total of 447,525,159 shares as the base for the distribution[163]. - The company has not proposed any stock dividend distribution, focusing solely on cash dividends for the reporting period[163]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in operations[17]. - The company operates several wholly-owned subsidiaries, including Pingjiang Jinzai Food Co., Ltd. and Huawen Food (Kenya) Co., Ltd.[12]. - The company has engaged Zhongzheng Zhonghuan Accounting Firm for auditing services during the reporting period[18]. - The company has a continuous supervision agreement with Minsheng Securities, effective from February 7, 2023, to December 31, 2024[18]. - The company operates a self-production model based on "sales-driven production," ensuring production plans align with market demand[36]. - The company has established a comprehensive distribution network covering provinces, cities, and counties across the country, utilizing both direct sales and distribution models[38]. - The company has multiple patented innovations in bean products, aiming to enhance product and brand strength to become a national leader in the leisure bean product market[32]. - The company is focused on enhancing its product offerings and market presence through new product development and strategic partnerships[44]. Market and Product Development - The company's core product, "Jinzai Deep Sea Fish," saw a revenue increase of 25.87% in 2023, maintaining its leading position in the snack fish product market[30]. - The company plans to continue strengthening its market leadership in the snack fish industry, which is projected to grow from CNY 200 billion in 2020 to CNY 600 billion by 2030[30]. - The revenue from the quail egg product "Little Egg Round" exceeded 300 million yuan since its launch in 2022, becoming the company's second-largest product[31]. - The revenue from poultry products increased by 147.56% year-on-year in 2023, making it the company's second-largest category[31]. - The company's bean products achieved a year-on-year revenue growth of 18.68% in 2023, currently classified as a "200 million level" product[32]. - The company has developed several new products, including "Deep Sea Anchovy" and "Honey-flavored Quail Eggs," and completed 10 key product upgrade projects during the reporting period[69]. Sales and Marketing - Online sales accounted for 20.15% of total revenue, with a year-on-year growth of 34.76%, while offline sales represented 79.85% with a growth of 43.00%[45]. - The gross profit margin for online sales increased by 5.60% year-on-year, primarily due to the growth in revenue from the company's self-operated online platform[45]. - The number of distributors increased from 2,267 at the beginning of the year to 3,057 at the end, with 942 new distributors added during the reporting period[47]. - The company has established a comprehensive marketing network with 3,057 distributors across various channels, including modern retail and e-commerce platforms[58]. - The company has maintained a diversified sales strategy, including B2C and B2B online platforms, as well as traditional offline channels[38]. Research and Development - The company has an independent food research institute responsible for new product development, ensuring timely and effective research outcomes[39]. - The company completed the development of new differentiated products, including deep-sea fish snacks and fish tofu, enhancing its competitive edge[86]. - The company is developing a fully automated production line for traditional fish products, aiming to improve production efficiency and reduce labor costs[87]. - The company has invested significantly in technology, holding 44 industry-leading patents related to processing techniques[59]. Governance and Compliance - The financial report confirms the accuracy and completeness of the financial statements, with all board members present for the meeting[4]. - The company adheres to regulatory requirements for corporate governance, ensuring effective decision-making and protection of minority shareholders' rights[130]. - The company has maintained strict compliance with information disclosure regulations, ensuring timely and accurate reporting of both financial and non-financial data[134]. - The company has conducted ESG reporting for three consecutive years, demonstrating its commitment to corporate social responsibility[134]. - The company has implemented strict quality management and food safety systems, but potential food safety risks still exist due to varying quality of raw materials and production processes[123]. Employee and Management - The total number of employees at the end of the reporting period is 2,695, with 449 in the parent company and 2,246 in major subsidiaries[157]. - The company has established a training program called "Jinzai Academy" to enhance organizational capabilities and support talent development[158]. - The company has implemented a cash dividend policy in accordance with its articles of association and the shareholder meeting resolution, ensuring clear standards and procedures for profit distribution[161]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.1957 million[148]. - The company has implemented new equity incentive plans for key executives, including a total of 1,062,500 shares allocated to various managers[137]. Social Responsibility - The company donated over 1 million CNY to rural education during the reporting period[183]. - The company invested 54 million CNY in a wholly-owned subsidiary in Kenya, which is expected to benefit about 2,000 people in 20 villages[184]. - The company has created over 2.6 billion CNY in additional income for farmers through employment, orders, and assistance[181].