东瑞股份(001201) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥1,037,067,905.17, a decrease of 14.77% compared to ¥1,216,779,704.12 in 2022[19]. - The net profit attributable to shareholders for 2023 was -¥516,090,568.51, representing a significant decline of 1,302.69% from ¥42,912,186.98 in 2022[19]. - The net cash flow from operating activities was -¥178,422,334.05 in 2023, a decrease of 1,538.45% compared to ¥12,403,775.66 in 2022[19]. - The basic earnings per share for 2023 was -¥2.43, down 1,315.00% from ¥0.20 in 2022[19]. - Total assets at the end of 2023 reached ¥6,094,797,681.93, an increase of 29.23% from ¥4,716,141,818.71 at the end of 2022[20]. - The net assets attributable to shareholders increased by 12.72% to ¥3,499,844,270.61 at the end of 2023, compared to ¥3,104,923,130.93 at the end of 2022[20]. - The company reported a quarterly operating revenue of ¥325,337,397.85 in Q1 2023, with a net profit attributable to shareholders of -¥190,875,094.58[25]. - The company experienced a total of -¥1,074,636.83 in non-recurring losses for 2023, compared to a gain of ¥19,536,970.42 in 2022[27]. - The company reported a significant uncertainty regarding its ability to continue as a going concern, as indicated by negative net profits for the last three accounting years[21]. Risk Management - The company reported a significant risk of major animal diseases, price fluctuations in live pigs, and raw material costs, which could impact operations[4]. - The company has a comprehensive risk management strategy to address potential food safety issues[4]. - The company has established a comprehensive biosecurity system to prevent the spread of African swine fever, enhancing its disease control measures[43]. - The company has undergone a change in accounting policy, which has led to restatements of previous financial data[19]. Corporate Governance - The financial report was confirmed to be true, accurate, and complete by the company's management, ensuring transparency[4]. - The company maintains an independent operational structure, with complete autonomy in business, personnel, assets, and financial management, ensuring no reliance on the controlling shareholder[127][128][129][130][132]. - The company has established a comprehensive internal control system that effectively covers all major aspects of its operations, with 100% of the total assets and revenue of the evaluated units included in the consolidated financial statements[168]. - The internal control audit report issued by the accounting firm confirmed that the company maintained effective internal controls over financial reporting as of December 31, 2023[172]. - The company has implemented measures to strengthen internal control, including the establishment of a risk management organization comprising the audit committee and internal audit department[168]. Market Position and Strategy - The company is recognized as a key player in agricultural industrialization and a leading supplier of live pigs to Hong Kong, maintaining a dominant market position[38]. - The company has developed a unique competitive advantage through its integrated self-breeding and self-raising model, optimizing the supply chain for pig products in Hong Kong and Guangdong[38]. - The company has expanded its operations to include slaughtering, thereby enhancing its vertical integration within the pig industry[36]. - The company has established a strong market presence in Hong Kong, ranking among the top suppliers of live pigs from mainland China, with a high market share[46]. - The company plans to enhance market competitiveness through the expansion of production capacity in its new projects[94]. Investment and Financial Management - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[4]. - The total investment amount for the reporting period was ¥939,841,267.66, a decrease of 29.57% compared to ¥1,334,438,894.09 in the previous year[80]. - The company reported a fair value change gain of ¥2,225,476.48 for trading financial assets during the reporting period[78]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[78]. - The company has not disclosed any major equity investments or ongoing significant non-equity investments during the reporting period[81]. Social Responsibility and Environmental Impact - The company has actively engaged in environmental protection, adhering to relevant laws and regulations, and has not experienced any major environmental violations during the reporting period[176]. - The company has integrated environmental protection and sustainable development into its core operations, establishing a complete waste management system[176]. - The company has signed industrial poverty alleviation cooperation agreements, attracting 29.58 million yuan in funding and benefiting over 1,990 households and 8,000 individuals[190]. - The company has donated over 30 million yuan to social welfare and education initiatives, helping over 800 students through its "Dream of Education" program[192]. - The company continues to uphold its commitment to social responsibility, focusing on poverty alleviation and rural revitalization efforts[195]. Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, which would represent a growth of 25%[115]. - The company plans to achieve a feed production capacity of 700,000 tons by 2024 to support its pig farming operations[103]. - The company aims to expand its pig production scale to over 2 million pigs by 2024 using modern multi-layer breeding models[102]. - The company plans to implement an intelligent ecological pig farming model in new projects to improve production efficiency and comply with national land policies[108]. - The company will focus on the Guangdong-Hong Kong-Macao Greater Bay Area market over the next three years, enhancing its sales network and increasing live pig supply to the Hong Kong market[110].