l 江西阳光乳业股份有限公司 2022 年年度报告全文 江西阳光乳业股份有限公司 2022 年年度报告 2023 年 4 月 29 日 江西阳光乳业股份有限公司 2022 年年度报告全文 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别 和连带的法律责任。 公司负责人胡霄云、主管会计工作负责人梅英及会计机构负责人(会计主 管人员)朱荣华声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中提及的计划等前瞻性的描述不构成对投资者的实质承诺，投资 者及相关人士均应对此保持足够的风险认识，并且应当理解计划、预测与承 诺之间的差异。 请投资者认真阅读本年度报告全文，并特别注意公司可能面临的包括行 业竞争、市场等风险因素。详细内容见本报告"第三节管理层讨论与分析" 之"公司未来发展的展望"部分的描述。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 282,660,000 为基数， 向全体股东每 10 股派发现金红利 1.5 元（含税），送红股 0 股（含税），不 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥153,497,836.75, a decrease of 14.28% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥36,927,621.81, down 21.19% year-on-year[5]. - The basic and diluted earnings per share for Q3 2022 were both ¥0.1306, reflecting a decline of 40.91% compared to the previous year[5]. - The weighted average return on equity decreased to 2.98%, a drop of 67.29% year-on-year[5]. - Total revenue for the third quarter was CNY 424,252,281.16, a decrease of 9.5% from CNY 468,989,903.09 in the previous year[19]. - Net profit for the quarter was CNY 90,992,115.95, a decline of 14.1% compared to CNY 105,976,636.62 in the same period last year[20]. - Total comprehensive income for the period was CNY 90,992,115.95, compared to CNY 105,976,636.62 in the previous period, reflecting a decrease of approximately 14.1%[21]. - Basic and diluted earnings per share decreased to CNY 0.3715 from CNY 0.5057, representing a decline of about 26.4%[21]. Assets and Equity - Total assets at the end of the reporting period reached ¥1,319,156,541.95, an increase of 78.07% from the end of the previous year[5]. - The company's total assets increased to CNY 1,319,156,541.95 from CNY 740,799,351.15, reflecting a growth of 78%[16]. - Current assets rose to CNY 974,754,343.93, up 129% from CNY 425,410,572.42 at the beginning of the year[16]. - The total liabilities decreased to CNY 62,480,120.38 from CNY 175,324,814.72, a reduction of 64.3%[17]. - Shareholders' equity attributable to the parent company increased by 125.43% to ¥1,245,131,776.63 compared to the end of the previous year[10]. - The equity attributable to shareholders increased to CNY 1,245,131,776.63, up 125% from CNY 552,333,747.11[17]. Cash Flow - Net cash flow from operating activities increased to CNY 99,900,816.84, up from CNY 86,533,968.58, marking an increase of approximately 15.4%[22]. - Cash inflow from operating activities totaled CNY 499,821,666.04, slightly up from CNY 497,585,378.21, indicating a growth of about 0.4%[22]. - Cash outflow from operating activities decreased to CNY 399,920,849.20 from CNY 411,051,409.63, a reduction of approximately 2.7%[22]. - Net cash flow from investing activities was negative at CNY -54,716,088.27, worsening from CNY -27,182,553.33 in the previous period[23]. - Cash inflow from financing activities significantly increased to CNY 725,154,939.63 from CNY 100,000,000.00, showing a substantial growth of 625.2%[23]. - Net cash flow from financing activities was CNY 499,985,733.72, compared to a negative CNY -152,619,999.99 in the previous period, indicating a turnaround[23]. - The ending cash and cash equivalents balance rose to CNY 873,947,009.63 from CNY 257,526,400.52, reflecting an increase of approximately 239.5%[23]. Operational Challenges - The company experienced significant impacts from the pandemic, affecting both revenue and profit margins[9]. - The company received government subsidies amounting to ¥986.31 during the reporting period[6]. Research and Development - Research and development expenses were CNY 12,468,037.54, slightly up from CNY 12,457,928.49 year-over-year[19]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,751[12]. - The third quarter report was not audited, which may affect the reliability of the financial data presented[24].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥270,754,444.41, a decrease of 6.61% compared to ¥289,926,219.66 in the same period last year[23]. - The net profit attributable to shareholders was ¥55,660,638.52, down 7.72% from ¥60,319,220.48 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥54,200,592.12, reflecting a decline of 9.27% compared to ¥59,736,086.27 in the prior year[23]. - Basic and diluted earnings per share decreased by 15.35% to ¥0.2409 from ¥0.2846 in the previous year[23]. - The weighted average return on equity was 7.49%, down 3.43% from 10.92% in the same period last year[23]. - Total main business revenue for the first half of 2022 was ¥270,589,648.83, a decrease of 6.66% compared to ¥289,901,883.38 in the first half of 2021[48]. - The gross profit margin for the main business in the first half of 2022 was 35.57%, down from 37.18% in the same period of 2021[49]. - The company reported a total profit of CNY 58,916,298.02, down from CNY 64,733,658.16, indicating a decrease of 9.3%[188]. - The operating profit for the first half of 2022 was CNY 59,634,785.94, a decline of 8.1% compared to CNY 64,957,815.00 in the first half of 2021[188]. - The total comprehensive income for the first half of 2022 was CNY 54,746,439.07, down from CNY 59,223,991.60, reflecting a decrease of 7.5%[192]. Cash Flow and Assets - The net cash flow from operating activities increased by 35.11% to ¥61,552,195.81 from ¥45,556,298.80 in the same period last year[23]. - The company’s cash and cash equivalents increased significantly by 599.45% to CNY 650.60 million, driven by fundraising activities[71]. - The company reported a total cash and cash equivalents balance of CNY 979,380,972.63 at the end of the first half of 2022, compared to CNY 220,531,957.88 at the end of the first half of 2021[194]. - The total assets at the end of the reporting period were ¥1,383,198,456.28, an increase of 86.72% from ¥740,799,351.15 at the end of the previous year[23]. - The company's equity increased significantly to CNY 1,222,110,608.89 from CNY 565,474,536.43, representing an increase of about 116.5%[182]. Market and Sales Strategy - The company focused on expanding its market presence in Anhui, establishing a new entity to enhance its competitive position in the region[39]. - The company emphasized the "home delivery" model to boost sales, particularly in the Jiangxi market, while also enhancing its online sales presence[41]. - The company plans to strengthen its direct sales channels targeting enterprises, schools, and supermarkets[41]. - The main sales model is the distribution model, accounting for 86.74% of total revenue in the first half of 2022, with a revenue of ¥234,860,034.73, down 7.68% from the same period in 2021[48]. - Sales in the Nanchang area accounted for 52.30% of total sales revenue, totaling ¥122,838,371.82[53]. Production and Quality Management - The company has implemented a strict supplier assessment system to ensure product quality and safety[35]. - The company has established a complete quality management control system to ensure product quality, which is critical given that 85% of its sales revenue comes from low-temperature dairy products[102]. - The company has implemented quality management certifications such as GMP, ISO, and HACCP, ensuring product safety and quality[46]. - The company adopted a "production based on sales" model, ensuring fresh product availability while controlling inventory levels[56]. Risks and Challenges - The report highlights potential risks and the company's strategies to address them, emphasizing the importance of investor awareness regarding these risks[3]. - The company is facing risks related to raw material price fluctuations, particularly for fresh milk, and is implementing strategies to stabilize supply and prices[107]. - The company has a risk of insufficient milk supply due to historical shortages in the industry, and it is increasing its own dairy farm operations to mitigate this risk[104]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility, aiming for harmonious development with stakeholders and society[121]. - The company donated products worth CNY 100,000 to frontline pandemic prevention efforts during the COVID-19 outbreak in Jiangxi Province[124]. - The company established a sound corporate governance structure, ensuring compliance with relevant laws and regulations, including the Company Law and the Guidelines for the Governance of Listed Companies[123]. - The company maintained a harmonious labor relationship by adhering to labor laws and providing timely salary payments, along with professional training for employees[123]. Investment and Future Plans - The company plans to continue expanding its market presence through strategic investments and partnerships, particularly in the dairy sector[86]. - The company plans to complete the construction of the Jiangxi base dairy product expansion and testing project by April 20, 2024, with a total investment of RMB 282,905,100.00[92]. - The Anhui base dairy product phase II project has a total investment of RMB 142,605,300.00, also expected to be completed by April 20, 2024[92].