Securities code: Huabao Flavours & Fragrances Co.Ltd(300741) securities abbreviation: Huabao Flavours & Fragrances Co.Ltd(300741) Announcement No.: 2022017 Huabao Flavours & Fragrances Co.Ltd(300741) 2021 annual report summary
1、 Important note: 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 carefully read the full text of the annual report in the media designated by the CSRC. Objection statement of directors, supervisors and senior managers
Name, title, content and reason
Lin Jiayu was unable to attend the meeting and review the 2021 annual report in person because he was subjected to residential surveillance at his designated residence, and abstained from voting based on careful consideration
Risk warning of objection statement of directors, supervisors and senior managers: Mr. Lin Jiayu, the director, was unable to attend the meeting and review the 2021 annual report in person because he was subjected to residential surveillance at his designated residence. Based on careful consideration, Ms. yuan Xiaoqin was entrusted to abstain from voting. Please pay special attention to it. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
Director Lin Jiayu was executed to monitor yuan Xiaoqin at the designated residence
The audit opinion of PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the company's accounting firm has not changed this year. Tips on non-standard audit opinions □ applicable √ not applicable the company was not profitable at the time of listing and is not profitable at present □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable
The company's profit distribution plan for ordinary shares reviewed and approved by the board of directors is: Based on 615880000, the company will distribute cash dividends of 13.20 yuan (including tax) to all shareholders for every 10 shares, give bonus shares of 0 shares (including tax), and transfer capital reserve to all shareholders for every 10 shares.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Huabao Flavours & Fragrances Co.Ltd(300741) stock code Huabao Flavours & Fragrances Co.Ltd(300741)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Hou Xiaoqin, Huang Xingxing
Office address: No. 1299, Yecheng Road, Jiading District, Shanghai
Fax 0216708320202167083202
Tel: 02167083333
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) main business and products of the company
1. Main business of the company
The company is mainly engaged in R & D, production, sales and service of flavor and food ingredients. Since its establishment, the company has taken "the leader of delicious life" as its development vision, adhered to the corporate mission of "green, nutrition and health", integrated Chinese surgical research resources from an international perspective, and provided customers with product style, system solutions and comprehensive technical services. (1) edible flavor sectors
The company's food flavor "Peacock" brand was born in 1947, relying on its own strength and technological advantages, through mergers and acquisitions and self development, the company has successively entered the field of sweet flavor and salty flavor, and its products are widely used in dairy products, beverages, cold drinks, sweets, nuts fried products, areca, puffed food, baking, meat products, snack food and other fields. The company's tobacco flavors have been developing continuously over a long period of time, forming a unique technological advantage of the company and effectively consolidating the leading position of the company in the industry. (2) Food ingredients
The company's food ingredients sector actively expands food ingredients including sweet style, salty style and functional food ingredients, and continues to expand the variety of healthy natural products, which are mainly used in puffed food, flour food, convenience food, meat products, snack food and other fields. The company focuses on the comprehensive solutions of natural extracts in food and beverage, health care and nutrition products, personal care products and other industries. The product line includes natural pigments, functional raw materials, natural sweeteners, natural antioxidants and so on.
(3) daily flavoring sectors
The company's Xiamen amber was founded in 1998. It is a new high technology enterprise (NEEQ:833164), which is a new three board listed company. It specializes in research, production and marketing of daily flavors. It has technical advantages in the development of basic raw materials, incense burning evaluation test, flavoring technology research, microcapsule technology application, product stability test and so on. Its products are widely used in washing, skin care products, perfume, personal care, incense, Crafts and other fields. Xiamen amber is China's leading position in the field of incense and killing in the market of daily flavors. Currently, it is promoting the market promotion of Eucalyptus glycol LTB and daily-chemical flavor and microcapsule flavor with the concept of natural, healthy and safety in consolidating incense and killing the market.
2. Main products, brands and application fields of the company
(1) flavor products
Name application field product brand product series main customers (brands)
Food flavors and foods, such as dairy products, nuts, stir fried goods, walnut, peacock fruit and vegetable essence, milk flavor, Hua Yi Zi, Guangming, COFCO, Pepsi foods, categories, cold drinks, confectionery, aromatic flavor, grains and grains, Daly, Tian Wu, pan pan, Shang Hao Jia, puffed food, baking, fine, tea flavor, taste essence, Harmony, man, ton, snow Philippines, Tiens, meat products, snacks, exotic flavor, pork flavor Wei, Anjoy, Shen Mei, Yihai Jia Li, essence, spices, essential oils, Yang Xiecheng, ice peak, Tai kiln, Sbert, Zhongjie, Huiyuan, Sanquan, Haoyue, golden gong, etc
In the field of tobacco, provincial cocoa flavor, paste flavor and baking flavor industrial companies for cut tobacco (surface flavor and additive), Xideng, Tianhong, Huaqing flavor, spicy flavor, fruit flavor, Yunnan, Shanghai, Hunan, Zhejiang, Guangzhou filter rod, cigarette paper, neifang, aohuada flower flavor, sweet flavor, coke flavor, East, Guizhou and other 19 provinces
Type, milk flavor, bean flavor
Daily flavors, daily chemicals, fumigating and disinfectant, scented soap, amber flower flavor, fruit flavor, olive, plum, frog, Prince, deer, personal care cosmetics, flower and fruit flavors, costum, Shanghai white cat, Heng An, Li Bai, ABC, category, aromatherapy, industrial refined Asian Hotel. An Jinchun, lichen, category runben, Wuyi egret, etc
(2) Food ingredients
Main customers (brands) of product series in application field
Puffed food, fried goods, baking, meat Huabao, jiacui ingredient powder, ingredient sauce, ingredient juice, Mickey, kiss, Dali, repeat customers, Si products, flour food, convenience food, ingredient oil, seasoning package, Yanker Shop Food Co.Ltd(002847) , Ganyuan, Shengnong, Sanquan, Wangwang, Jinluo Haoyue, Panpan, little prince
Snack foods, hot pot seasonings, etc
(II) basic information of the industry
1. Industry development overview
The flavor industry is an important raw material industry supporting the flavoring products. Flavor is a special product closely related to human social life. Its products are widely used in the food industry, daily chemical industry, pharmaceutical industry, tobacco industry, textile industry, leather industry and other industries.
In recent years, with the rapid development of China's economy, the scale of downstream industries such as daily chemical industry and food industry has been expanding. China's flavor industry has also shown a sustained and steady development trend. At the same time, the improvement of residents' living standards and the upgrading of consumption structure also provide a broad market space for the development of the industry. At present, China has presented several subdivision development directions for food flavors, daily flavors, tobacco flavors, etc. the spice and fragrance industry is expected to continue to grow, and belongs to the growing industry.
2. Industry business model
Essence is a mixture of aromatic compounds made from a variety of fragrant materials, solvents or carriers and other excipients. It is usually used directly to increase the aroma and fragrance of various terminal products. Its deployment includes superb science and technology, superb artistry and creativity, and plays an important role in the quality of terminal products. On a single end product, flavors are used in a certain proportion, so the quantity of flavors purchased from each batch of downstream enterprises is limited. Moreover, because of the variety of downstream terminal products and the variety of flavor products, to satisfy different needs of different enterprises, flavor manufacturers usually organize production through multiple batches and small batch.
Flavor manufacturers generally "sell their products" and organize production and raw material procurement according to plan through the planning department's connection with sales, production and procurement. In order to ensure timely quality and quantity to fulfill sales orders, flavor companies usually maintain a certain amount of raw material stock and finished goods inventory. Because flavor products need to meet the individual needs of customers, the ability of flavor manufacturers to provide customized solutions is crucial.
3. Anti periodicity characteristics
The flavor industry has certain characteristics of fine chemicals cyclical. Because its application field permeates every aspect of life, and is closely related to national economic development and residents' living security, it involves a wide range of downstream industries, making the demand of single industry periodically offset, and consumers' overall consumption ability and willingness are difficult to fluctuate. Therefore, the flavor industry has a strong anti cyclical nature.
(III) industry position of the company
Since its inception in 1996, the company has been developing, producing and selling flavors with the mission of "green, nutrition and health". It has gained the leading edge in R & D, technology patents, product services, marketing networks and customer resources, and has grown into a leading enterprise in China's flavor industry, and has established a good brand image. The company has a series of famous brands such as "Hua Bao", "Peacock", "Hi Deng", "Tian Hong", "Hua Fang", "Australia and China", "amber" and so on, and occupy an important position in the Chinese flavor market. The company has a core integrated industrial chain in Guangdong, Yunnan and Botswana in southern Africa
