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 reported a total of ¥1,832,835.84 in non-recurring gains for 2023, compared to ¥2,569,830.08 in 2022[24]. - 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 and Shareholder Information - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) to all shareholders[3]. - The total distributable profit at the end of the period was CNY 153,176,135.51, after accounting for the previous year's distributed profits[179]. - The company plans to distribute a cash dividend of CNY 1.50 per share (before tax), totaling CNY 18,548,250.00, which represents approximately 45.84% of the net profit for 2023[180]. Business Stability and Structure - The company has not experienced any changes in its main business since its listing, indicating stability[18]. - The company has not reported any changes in its controlling shareholders, indicating consistent ownership structure[18]. - The registered address of the company is located at 77 Jiangling Road, Binjiang District, Hangzhou, with a postal code of 310051[15]. - The company has a unified social credit code of 91330100X09172319F, ensuring compliance with regulatory requirements[18]. - The company has maintained independence from its controlling shareholders in terms of assets, personnel, finance, and operations[136]. - The company has a complete set of internal control systems to ensure the accuracy and completeness of financial reporting[134]. Market and Product Development - The company has seen a trend towards product diversification and higher-end products in the soybean processing industry, driven by changing consumer preferences[30]. - The company is focusing on improving production technology and automation to enhance efficiency and product quality in the soybean processing sector[30]. - The company has over 400 product varieties, including fresh soybean products, plant protein drinks, and snack soybean products, catering to various consumer needs[38]. - The company focuses on the development of fresh soybean products, plant protein drinks, and snack soybean products, with a production strategy that emphasizes health and nutrition[40]. - The company has developed over 51 new products and has successfully launched two-thirds of them, focusing on full bean products, low-purine products, and plant-based beverages[70]. Sales and Distribution - The company expanded its dealer network, increasing the total number of dealers to 1,914, a 16.43% increase from 2022, with a notable 123% increase in dealers from other regions[47]. - The online sales segment, managed by a subsidiary, achieved full coverage across major e-commerce platforms, enhancing brand exposure and sales through live streaming and short video initiatives[49][50]. - The company achieved a sales volume of 147,590,330 kg for fresh bean products in 2023, representing a 3.24% increase compared to 2022[53]. - The company has established a strong marketing network, partnering with major retailers and restaurants, enhancing market penetration and response speed[57]. Research and Development - Research and development expenses increased by 39.78% to ¥12,229,584.80, primarily due to increased new product development[83]. - Total R&D investment was ¥12,188,314.34, a 39.31% increase compared to the previous year, with R&D expenses constituting 0.82% of operating revenue[86]. - The number of R&D personnel increased by 7.02% to 61, while the proportion of R&D personnel to total employees decreased by 0.23%[86]. - The R&D department will focus on optimizing four major product categories: fresh products, beverages, ready-to-eat products, and fermented products, addressing issues like product quality stability and cost reduction[116]. Environmental Management - 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 Wastewater Discharge Standards" 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]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring professional and efficient decision-making[129]. - The company has established various specialized committees, including a strategic decision-making committee and an audit committee, to provide scientific and professional advice for board decisions[130]. - The company has maintained effective internal controls over financial reporting as of December 31, 2023, according to the internal control audit report[187]. - There were no significant deficiencies or material weaknesses identified in the financial reporting internal controls[187]. Future Outlook - The company plans to prioritize performance growth as its primary goal for 2024, amidst challenges such as insufficient effective demand and external uncertainties[111]. - The company has set a future outlook with a revenue target of 1.5 billion CNY for the next fiscal year, indicating a growth expectation of 25%[154]. - The company plans to explore mergers and acquisitions to achieve national expansion and strengthen its market position[122].