李子园(605337) - 2023 Q4 - 年度财报(更正)

Financial Performance - The company's operating revenue for 2023 was CNY 1,411,901,969.90, representing a 0.60% increase compared to the previous year [22]. - Net profit attributable to shareholders for 2023 was CNY 236,959,909.62, reflecting a 7.20% increase year-over-year [22]. - The net profit after deducting non-recurring gains and losses was CNY 218,762,487.46, a 16.65% increase compared to the previous year [22]. - The company's total assets reached CNY 3,058,575,925.11, marking a 28.68% increase from the previous year [22]. - Basic earnings per share for 2023 was CNY 0.60, up 7.14% from CNY 0.56 in 2022 [23]. - The company reported a diluted earnings per share of CNY 0.58, which is a 3.57% increase from the previous year [23]. - The company's main business revenue reached ¥1,404,362,252.51, up 0.45% compared to the previous year, while the main business cost decreased by 4.64% to ¥901,859,993.84 [53]. - The gross profit margin for the beverage segment was 35.78%, an increase of 3.43 percentage points year-on-year [55]. - The company achieved operating revenue of ¥1,411,901,969.90 in 2023, a year-on-year increase of 0.60% [49]. - The net profit attributable to the parent company was ¥218,762,487.46, reflecting a year-on-year increase of 16.65% [49]. Dividend Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling approximately 190.33 million RMB, which accounts for 80.32% of the net profit attributable to ordinary shareholders [6]. - The total cash dividend, including share repurchase amounts, is approximately 399.72 million RMB, representing 168.69% of the net profit attributable to ordinary shareholders [7]. - The board of directors has approved the profit distribution plan, which is subject to the annual general meeting's review [6]. - The proposed cash dividend for 2023 is 5.00 CNY per 10 shares, amounting to 190,334,590.50 CNY, which represents 80.32% of the net profit attributable to shareholders [168]. - The company repurchased shares for a total amount of 209,383,478.77 CNY, which will be considered as part of the cash dividend calculation, bringing the total cash dividend to 399,718,069.27 CNY, exceeding 168.69% of the net profit [169]. Research and Development - The company emphasized R&D and technological innovation, increasing investment in research and development [32]. - Research and development expenses increased by 25.36% to ¥19,336,684.09, indicating a focus on innovation [50]. - The company has a total of 191 valid patents, including 20 invention patents, 130 utility model patents, and 41 design patents as of December 31, 2023 [46]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency and sustainability [144]. - The company is investing $200 million in research and development for new technologies aimed at enhancing product quality and efficiency [146]. Market Expansion and Strategy - The company plans to expand its market presence by developing new channels and focusing on emerging markets [33]. - The company aims to enhance its market service quality by optimizing resource utilization and ensuring effective execution of market activities [34]. - The company has developed a robust marketing network covering most regions in China, utilizing both traditional and online sales channels to strengthen its market presence [41]. - The company plans to enhance its e-commerce strategy in 2024 by restructuring its e-commerce team and optimizing product pricing to improve consumer experience and increase repurchase rates [93]. - The company aims to focus on new product sales in the e-commerce sector, making it a key performance indicator for 2024 [93]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 100 million allocated for this purpose [144]. - Market expansion plans include entering three new international markets by the end of 2024, targeting a 10% increase in global market share [144]. Environmental and Social Responsibility - The company invested RMB 3,204,600 in environmental protection during the reporting period [178]. - The wastewater treatment capacity is 2,000 tons per day, and the treatment process includes anaerobic, aerobic, and sedimentation methods, achieving compliance with discharge standards [182]. - The company has established an emergency response plan for environmental incidents, which is filed with the local ecological environment bureau [184]. - The company has implemented energy-saving measures, such as switching to variable frequency control for aeration in wastewater treatment, significantly reducing electricity consumption [195]. - The company has established a public welfare fund with a commitment of 10 million yuan to assist socially disadvantaged groups, with 2.0808 million yuan donated in 2023 alone [197]. Governance and Compliance - The company has a structured governance system in compliance with national laws and regulations, ensuring the protection of shareholder rights and interests [134]. - The board of directors consists of nine members, including three independent directors, and has established specialized committees for audit, nomination, compensation, and strategy [134]. - The company actively manages investor relations and information disclosure, ensuring transparency and compliance with legal requirements [135]. - The financial department operates independently, with a dedicated team and a standardized accounting system, allowing for independent financial decision-making and no shared bank accounts with the controlling shareholder [138]. - The company has not faced any penalties from securities regulatory agencies in the past three years [150]. Employee and Talent Development - The total number of employees in the parent company and major subsidiaries is 1,772, with 1,174 in production, 294 in sales, and 84 in technical roles [162]. - The company has established a training plan to enhance talent development, focusing on internal training and partnerships with external training organizations [164]. - The company focuses on continuous improvement in employee benefits and performance evaluation to enhance workforce motivation and growth [35]. - A talent development mechanism will be established to enhance internal training and promote employee growth in line with the company's strategic goals [120]. Risks and Challenges - The company faces risks related to food quality control, with strict adherence to ISO standards to mitigate potential issues [122]. - There is a high dependency on a single product line, which could impact long-term performance if market conditions change [123]. - The company is exposed to raw material price volatility, particularly for milk powder, which could affect profit margins [123].