Zuming Bean(SZ:003030)2024-05-05 07:40Financial Performance - The company's operating revenue for 2023 was ¥1,478,381,743.34, a decrease of 0.61% compared to ¥1,487,446,981.22 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥40,462,298.46, representing a 5.43% increase from ¥38,379,825.14 in 2022[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,629,462.62, up 7.87% from ¥35,809,995.06 in 2022[19]. - The net cash flow from operating activities decreased by 8.74% to ¥176,445,236.42 in 2023 from ¥193,353,941.57 in 2022[19]. - The total assets at the end of 2023 were ¥2,025,440,116.89, an increase of 15.77% from ¥1,749,552,528.82 at the end of 2022[19]. - The basic earnings per share for 2023 was ¥0.32, a 3.23% increase from ¥0.31 in 2022[19]. - The weighted average return on equity for 2023 was 3.87%, slightly up from 3.75% in 2022[19]. - The company achieved operating revenue of 1,478.38 million yuan in 2023, a slight decrease of 0.61% year-on-year, while net profit attributable to shareholders increased by 5.43% to 40.46 million yuan[67]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) to all shareholders[3]. - The cash dividend distribution plan for 2023 is CNY 1.50 per share (before tax), with a total cash dividend amounting to CNY 18,548,250.00[179]. - The cash dividend represents approximately 45.84% of the net profit attributable to shareholders for the year[180]. Business Operations - The company has not changed its main business since its listing[18]. - The company has no changes in its controlling shareholders since its listing[18]. - The registered address of the company is located at 77 Jiangling Road, Binjiang District, Hangzhou[15]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code 003030[15]. - The company has a unified social credit code of 91330100X09172319F[18]. - The company operates six production bases with a total area of 388 acres and an annual processing capacity of over 150,000 tons of soybeans[53]. - The company has established a comprehensive cold chain logistics system with over 350 refrigerated trucks, covering more than 95% of its fresh bean product and refrigerated plant protein beverage customers[58]. Market Trends and Consumer Demand - The soybean market in China is projected to exceed 100 billion yuan, with the top 50 enterprises in the soybean product industry achieving a sales revenue of 34.84 billion yuan, reflecting a year-on-year growth of 6.44%[32]. - In 2023, China's soybean production reached 20.84 million tons, an increase of 560,000 tons or 2.8% compared to the previous year, with the planting area expanding by 3.45 million acres, a growth of 2.2%[34]. - The average per capita consumption of soybean products in Zhejiang Province increased by 36.7% from 13.9 grams per day in 2015 to 19 grams per day in 2021, indicating a growing trend towards healthier dietary habits[34]. - The company aims to enhance its market presence by leveraging the growing consumer demand for healthy food options, supported by national policies promoting soybean production[35]. Product Development and Innovation - The company has developed over 51 new products and has successfully launched two-thirds of them, focusing on full bean products and low-purine options[70]. - The R&D department will focus on optimizing four major product categories: fresh products, beverages, ready-to-eat snacks, and fermented products, addressing quality stability and cost reduction[116]. - The company plans to enhance its product offerings with new plant-based products to meet consumer demand for healthy options[85]. - The company has introduced advanced automated production lines, significantly improving production efficiency and product quality[65]. - The company has successfully developed a drying technology for wet soybean residue, which is now being supplied as cat litter, showcasing its innovation in resource utilization[66]. Sales and Distribution - The company reported a quarterly revenue increase, with Q4 2023 revenue reaching ¥415,943,997.83, up from ¥324,913,851.05 in Q1 2023[23]. - The company has over 400 product varieties, focusing on fresh soybean products, plant protein drinks, and snack soybean products, catering to various consumer needs[38]. - The company’s products are well-distributed across major retail chains and e-commerce platforms, ensuring a broad market reach and consumer recognition[40]. - The revenue from the distribution model was CNY 91,022.23 million, with a gross margin of 24.03%, down 2.85% year-on-year[46]. - The direct sales model generated CNY 20,536.24 million in revenue, reflecting a significant increase of 28.93% compared to the previous year, although the gross margin decreased to 21.71%[46]. Financial Management and Investments - The company has invested an additional 220 million yuan in its Yangzhou production base, enhancing its processing capacity for sustainable growth[71]. - The total investment during the reporting period was ¥406,019,131.99, a 45.06% increase from ¥279,899,511.78 in the previous year[93]. - The company plans to apply for a comprehensive credit limit of up to ¥1.5 billion from banks in 2023[92]. - The company has achieved a certain level of interest income from idle fundraising accounts, improving the efficiency of fund usage[104]. Governance and Compliance - The financial report confirms that all board members attended the meeting to review the annual report[3]. - The company has established various specialized committees, including a strategic decision-making committee and an audit committee, to enhance decision-making processes[130]. - The company has maintained independence from its controlling shareholders in terms of assets, personnel, and operations, ensuring a complete business system[136]. - The company has implemented a robust internal control system to ensure the accuracy and completeness of financial reporting[134]. - There were no significant legal violations or related party fund occupation incidents during the reporting period[134]. Environmental Responsibility - The company has established a comprehensive environmental management system and has obtained ISO 14001 certification[190]. - The company adheres to strict wastewater discharge standards, including the "Comprehensive Discharge Standard for Wastewater" and local regulations[189]. - The company has implemented measures to prevent and reduce environmental pollution during production processes[190]. - The company invested CNY 34.98 million in environmental protection equipment during the reporting period, primarily for new factory projects in Yangzhou and Hebei[199]. Employee Management and Development - The total number of employees at the end of the reporting period is 3,549, with 982 in the parent company and 2,567 in major subsidiaries[170]. - The company implements a performance-based compensation policy, encouraging employees to enhance skills and work efficiency through differentiated salary structures[171]. - The company has a comprehensive training program aimed at enhancing employee skills and team cohesion, with a focus on core areas such as food safety management and marketing strategies[173]. - The training plan for 2024 includes both online and offline training methods, with evaluations based on knowledge tests and employee feedback[173].