Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥14.48 billion, an increase of 5.34% compared to ¥13.74 billion in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥448.24 million, a significant decrease of 78.04% from ¥2.04 billion in 2020[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥364.27 million, down 82.08% from ¥2.03 billion in 2020[27]. - The basic earnings per share for 2021 was ¥0.3619, a decrease of 77.97% from ¥1.6431 in 2020[27]. - The net cash flow from operating activities was ¥1.84 billion, a decline of 43.09% compared to ¥3.24 billion in 2020[27]. - The company reported a quarterly operating revenue of ¥4.01 billion in Q4 2021, showing a steady increase throughout the year[31]. - The average net profit attributable to shareholders in Q4 2021 was ¥79.77 million, indicating fluctuations in quarterly performance[31]. Investment and Expansion Plans - In 2021, the company achieved capital expenditures of 1.564 billion CNY, covering various projects across the entire industry chain, including multiple new broiler chicken farms and food processing plants[4]. - The company plans to invest in new breeding farms and food processing plants in 2022 to further enhance production capacity and output[6]. - The company plans to invest 300 million RMB in technology upgrades to improve production efficiency and reduce feed conversion rates by 5%[21]. - The company is exploring potential acquisitions to enhance its supply chain capabilities and expand its product offerings[21]. - The company plans to expand production capacity by constructing multiple breeding farms and food processing plants, with the new chicken processing plant expected to process 90 million chickens annually[126]. Market and Product Development - The company successfully launched two retail products, "Crispy Fried Chicken" and "Dudu Wings," each achieving monthly sales exceeding 10 million CNY[4]. - New product development includes the launch of a premium organic chicken line, expected to contribute an additional 200 million RMB in revenue[21]. - The company launched 58 new products in 2021, resulting in a sales revenue of 907 million yuan, with a compound annual growth rate of approximately 29% from 2014 to 2021[75]. - The company’s C-end business has seen a compound annual growth rate (CAGR) of over 70% in the past three years, with online and new retail business growing at a CAGR of approximately 300%[7]. - C-end sales revenue exceeded ¥1 billion, increasing its share of the food processing segment from approximately 7% in 2019 to over 15% in 2021[76]. Operational Efficiency and Cost Management - The implementation of a digital management system is projected to improve operational efficiency by 20% over the next two years[21]. - The company has established 12 special teams to optimize costs in various areas, including feed costs and energy management[128]. - The company achieved a profit increase of approximately 280 million yuan through management improvements, excluding market fluctuations[74]. - The company aims to achieve a feed conversion rate of 1.6 kg of feed per kg of meat produced, a reduction from the current rate of 1.7 kg[21]. Corporate Governance and Compliance - The company adheres to strict corporate governance standards, continuously improving its governance structure and internal control systems[137]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with legal and regulatory requirements[141]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder[140]. - The company has established a robust internal audit system to monitor compliance and improve operational efficiency[145]. - The company ensures transparent information disclosure, providing equal access to information for all shareholders and maintaining open communication with investors[146]. Employee Development and Training - The total number of employees at the end of the reporting period was 24,347, with 10,227 from the parent company and 14,120 from major subsidiaries[195]. - The company completed over 30 offline training projects in 2021, with more than 300 training sessions and over 10,000 participants[198]. - The company has established a comprehensive and effective compensation management system to encourage and retain key talent[196]. - The company implemented a performance evaluation scheme in 2021, promoting goal management to enhance employee motivation[197]. - The training system is divided into pre-job and on-the-job training, focusing on organizational development and training execution[199]. Risk Management - The company faces risks from fluctuations in raw material prices, primarily corn and soybean meal, which can significantly impact profitability due to unpredictable market conditions[133]. - The company has implemented a strategy to purchase raw materials in bulk during low price periods to stabilize procurement costs throughout the year[133]. - The company has a comprehensive disease prevention system in place, leveraging nearly 40 years of experience in poultry farming to mitigate risks from avian influenza and other diseases[134]. - The company has established a standardized control system for breeding and processing, ensuring compliance with national and internal disease prevention measures[134]. Financial Position and Cash Flow - The company reported a net cash flow from operating activities of 1.843 billion yuan during the reporting period, with financing costs below 3%[69]. - The net cash flow from operating activities decreased by 43.09% to ¥1,842,563,426.53 in 2021 from ¥3,237,507,648.21 in 2020[96]. - The net increase in cash and cash equivalents was ¥177,534,559.45 in 2021, a 120.50% improvement compared to a decrease of ¥866,017,507.06 in 2020[96]. - The total assets at the end of 2021 were ¥17.04 billion, an increase of 14.16% from ¥14.93 billion at the end of 2020[27]. - The total cost of main business for the poultry segment in 2021 was ¥850,667.07 million, compared to ¥728,622.07 million in 2020, indicating a significant increase[86].