TIANYOUDE(002646)2022-04-25 16:00Financial Performance - The company reported a total revenue of 472,562,974 RMB for the year 2021, with a cash dividend of 0.50 RMB per 10 shares distributed to shareholders[7]. - The company's operating revenue for 2021 was ¥1,054,137,858.86, representing a 38.00% increase compared to ¥763,844,855.60 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥63,224,775.60, a significant turnaround from a loss of ¥115,093,724.62 in 2020, marking a 154.93% increase[28]. - The net cash flow from operating activities reached ¥70,621,823.15 in 2021, a 189.65% increase from a negative cash flow of ¥78,777,630.11 in 2020[28]. - The total assets at the end of 2021 were ¥3,222,623,914.71, which is a 21.05% increase from ¥2,662,221,891.27 at the end of 2020[28]. - The company reported a basic earnings per share of ¥0.1376 for 2021, compared to a loss of ¥0.2558 in 2020, indicating a 153.79% increase[28]. - The weighted average return on net assets improved to 2.59% in 2021 from -4.99% in 2020, an increase of 7.58%[28]. - The total profit for 2021 was CNY 92.39 million, with a net profit attributable to shareholders of CNY 63.22 million[65]. - The company's total operating revenue for 2021 reached ¥1,054,137,858.86, representing a 38.00% increase compared to ¥763,844,855.60 in 2020[72]. Market and Product Development - The company plans to expand its product offerings and enhance its market presence through the development of new products and technologies, particularly in the barley wine segment[42]. - The company is leveraging internet tools to enhance its traditional business model, aiming to create a new retail model that integrates online and offline operations[44]. - The company is focusing on brand building and product value enhancement, particularly through the promotion of true vintage products and the "70th anniversary of factory establishment" campaign[48]. - The company is expanding its market presence in strategic areas such as Beijing, Gansu, and Henan, while enhancing core terminal construction and group purchase channel development[48]. - The company plans to expand its market presence through e-commerce platforms such as JD.com and Tmall, enhancing direct sales channels[57]. - The company aims to enhance the brand value of Qingke liquor through ecological diversity research and the establishment of a microbial information database[99]. - The company is committed to promoting the sustainable development of the Qingke liquor industry through innovative research and product quality enhancement[99]. - The company aims to develop new products that align with market demands, including vintage liquor and innovative storage methods[139]. Risk Management - The company has no significant adverse risk factors affecting its production, operation, financial status, or sustainable profitability[7]. - The company has outlined potential risks it may face in the future in the section discussing future development prospects[7]. - The ongoing COVID-19 pandemic poses risks to the dining and banquet market, but the company plans to strengthen online channels to mitigate sales impacts[141]. - The company anticipates market competition risks due to increasing concentration and differentiation in the liquor industry, with strategies to create differentiated product categories[141]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[6]. - The company has established a performance evaluation and incentive mechanism for senior management, with assessments based on work capability and achievement of performance targets[153]. - The company has a complete governance structure, including a board of directors and supervisory board, ensuring compliance with legal regulations[160]. - The company has established strict management protocols for the raised funds, ensuring dedicated storage and supervision to guarantee proper usage[124]. - The company has fully achieved direct information disclosure, ensuring all shareholders receive information fairly and timely[155]. Research and Development - The total R&D investment for 2021 was approximately ¥21.07 million, a decrease of 37.93% from ¥33.95 million in 2020, representing 2.00% of operating revenue[105]. - The number of R&D personnel increased to 99 in 2021, up 5.32% from 94 in 2020, with a notable increase in master's degree holders by 50%[105]. - The company is conducting research on the health benefits of Qingke liquor, focusing on its effects on liver cell damage and establishing a high-throughput screening model[99]. - The company has made significant progress in the research of functional microorganisms in traditional Qingke liquor production, enhancing the overall quality[96]. Sales and Distribution - The revenue from self-owned brand Qingke liquor accounted for 97.45% of total revenue, with a significant increase in mid-to-high-end products, which generated ¥709,442,742.50, representing 75.02% of Qingke liquor revenue[50]. - The sales model includes both channel distribution and direct sales, with a focus on traditional retail terminals and direct sales through proprietary stores and online platforms[47]. - The company added 20 new distribution points in Qinghai, bringing the total to 79, while the total in other regions increased to 513 after adding 128 new points[54]. - The online direct sales revenue amounted to ¥33,000,293.58, with a year-on-year growth of 37.68%[57]. - The revenue from sales through distribution channels was ¥826,850,120.40, which is 78.44% of total revenue, reflecting a 43.79% increase from the previous year[75]. Employee and Management - Total remuneration for directors, supervisors, and senior management during the reporting period amounted to 4,243,400 CNY[193]. - The highest remuneration was received by the Vice Chairman, totaling 471,700 CNY[193]. - The remuneration decision process involves proposals from the remuneration and assessment committee, approved by the board and shareholders[193]. - The company has maintained a stable management team with no significant changes in the roles of directors and senior management[172].