Company code: Meihua Holdings Group Co.Ltd(600873) company abbreviation: Meihua Holdings Group Co.Ltd(600873) Meihua Holdings Group Co.Ltd(600873)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to www.see.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 Dahua Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
After deliberation and approval at the 28th meeting of the 9th board of directors, the profit plan (plan) for 2021 is: Based on the total share capital registered on the date of equity distribution (deducting the number of shares in the special account for share repurchase) as the base, distribute cash dividends of 4.0 yuan (including tax) to all shareholders for every 10 shares, and it is expected to distribute cash dividends of about 1.239 billion yuan (including tax). The plan needs to be submitted to the general meeting of shareholders for deliberation, and the actual amount of distribution shall be subject to the announcement on the implementation of equity distribution issued by the company. If the total share capital of the company changes before the equity registration date of equity distribution, the distribution proportion per share shall remain unchanged and the total distribution shall be adjusted accordingly.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Meihua Holdings Group Co.Ltd(600873) Meihua group
Contact person and contact information: Secretary of the board of directors
Name: Liu Xianfang
Office address: No. 66, Huaxiang Road, Langfang Economic and Technological Development Zone, Hebei Province
Tel: 03162359652
E-mail [email protected].
2. Introduction to the company’s main business in the reporting period
(I) industry situation
According to the guidance catalogue of key products and services of strategic emerging industries (2016 Edition) issued by the national development and Reform Commission, the company’s main products belong to the field of “biological manufacturing industry of biological industry”, and the industry in which the company is located is biological manufacturing industry. According to the industry classification results of Listed Companies in the third quarter of 2021 issued by China Association of listed companies, the company belongs to manufacturing – food manufacturing. The company is a full chain synthetic biology company from genome editing to product landing. In order to build a microbial cell factory production system focusing on amino acids and paying equal attention to multiple products, the company has been committed to the development and construction of synthetic biology technology platform for a long time. Based on this platform, the company has realized the rational reconstruction of microbial cell factory with various industrial production strains such as Escherichia coli, Corynebacterium glutamicum and Bacillus as chassis cells, realized the optimization and upgrading of production strains of the company’s whole series of products, and greatly improved the iterative development efficiency of production strains. By optimizing the construction of the fermentation platform and the production of supporting materials, the production efficiency of the new generation of products can be minimized from the construction of the original strains to the production of the new generation of fermentation team.
(II) changes in industrial policies: the dual control of energy consumption has raised the entry threshold of amino acid industry, and the reduction and substitution of soybean meal has increased the demand for feed amino acids
1. In response to climate change, the Chinese government proposed that “carbon emissions should reach a peak by 2030 and strive to achieve carbon neutrality by 2060”. On March 9, 2021, the development and Reform Commission of Inner Mongolia Autonomous Region issued the notice on several safeguard measures to ensure the completion of the dual control target of energy consumption in the 14th five year plan. Affected by the dual control of energy consumption and the market, some deep-processing enterprises in Inner Mongolia Autonomous Region stopped production or reduced production of individual products (crystalline sugar) and amino acid enterprises stopped production due to the reduction of corn and coal consumption, Other regions were also affected to varying degrees, and the operating rates of lysine and threonine industries gradually recovered after a shock decline. The national requirements for dual control of energy consumption have virtually raised the entry threshold of the amino acid industry, making it more difficult for new enterprises to enter the industry. If the energy consumption of existing enterprises in the industry does not meet the standard or cannot take effective measures to reduce energy consumption, it may affect future production. This policy also provides opportunities for the integration of leading enterprises and is conducive to the development of leading enterprises.
2. In March 2021, the animal husbandry and Veterinary Bureau of the Ministry of agriculture and rural areas issued a notice on promoting the reduction and substitution of corn soybean meal in feed, focusing on the work plan for the reduction and substitution of corn soybean meal in feed. The main purpose is to promote the reduction and substitution of corn soybean meal in feed and promote the stable supply of feed and grain. Reducing the amount of soybean meal in the feed will increase the amount of miscellaneous meal. In order to ensure the overall amino acid balance in the feed and improve the feeding efficiency, it is necessary to increase the amount of feed amino acids. The soybean meal reduction scheme increases the demand for feed amino acids.
(III) business conditions of the company during the reporting period
1. Description of main business
Based on synthetic biology and other disciplines and using biological manufacturing technology, the company is mainly engaged in the R & D, production and sales of amino acid series products. It has three production bases in Tongliao, Inner Mongolia, Wujiaqu, Xinjiang and Baicheng, Jilin. It has two R & D centers in Langfang and Shanghai. The main products include:
1. Animal nutritional amino acid products: lysine, threonine, tryptophan, feed grade valine, monosodium glutamate residue, starch accessory products, feed fiber, corn germ, bacterial protein, etc
2. Food taste character optimization products: glutamate, sodium glutamate, disodium nucleotide, disodium inosine, food grade xanthan gum, trehalose, natamycin, etc
3. Human medical amino acids: glutamine, proline, leucine, isoleucine, pharmaceutical grade valine, inosine, guanosine, adenosine, pullulan polysaccharide, etc
4. Other products: Petroleum grade xanthan gum, medicinal capsule, bio organic fertilizer, etc
2. Main business model of the company
The company implements the business model of R & D, production, supply and marketing integration.
The market position and industry changes of the company’s main products are detailed in the full text of the company’s 2021 annual report. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 20921200513891899330803270 10.151931770140077
Net assets attributable to shareholders of listed companies 1062153333875908594572858 16.90897923413796
Operating income 22836890324981704951447536 33.941455354745520
Net profit attributable to shareholders of listed company 23510916607098206359702 139.4098864185029
Deduction attributable to shareholders of listed companies is not 20412998357291175693653 123.8985610165405
Net profit of recurring profit and loss
Net cash flow from operating activities 366956283195166113279997 120.91279794462534
Weighted average return on net assets (%) 26.32 10.99 increased by 15.33 percentage points 10.68
Basic earnings per share (yuan / share) 0.76 0.32 137.50 0.32
Diluted earnings per share (yuan / share) 0.76 0.32 137.50 0.32
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 530834875419571815785520525802131379655236240180
Net profit attributable to shareholders of listed company 408442131325957625234532282984465102405806128
Deduction attributable to shareholders of listed companies non recurring
Net profit after profit and loss 387215033235862599136529952388660768 Shenzhen Sosen Electronics Co.Ltd(301002) 24
Net cash flow from operating activities -3488428720314775103680121486523758539224296012
Description of differences between quarterly data and disclosed periodic report data
□ applicable √ not applicable
4. Shareholders
4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored and special shares held at the end of the reporting period and the end of the month before the disclosure of the annual report
Total number of shareholders of voting shares and top 10 shareholders
Unit: shares
As of the end of the reporting period, the total number of common shareholders (households) was 96322
The total number of common shareholders at the end of the previous month before the disclosure date of the annual report (households) is 89864
Shareholding of top 10 shareholders
Name of shareholders shareholders holding limited pledge, mark or freeze at the end of the reporting period
(full name) increase or decrease in the number of shares within the period and the nature of the shares subject to the sale conditions
