Company code: Angel Yeast Co.Ltd(600298) company abbreviation: Angel Yeast Co.Ltd(600298) Angel Yeast Co.Ltd(600298)
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 http://www.sse.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. Directors not present
Position of director not present name of director not present reason for director not present name of principal
Director Jiang Xiao, epidemic control Jiang chunqian
4 Daxin 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
Audited by Daxin Certified Public Accountants (special general partnership), the undistributed profit of the company at the end of 2021 was 526980443851 yuan. According to the relevant provisions of China Securities Regulatory Commission, Shanghai Stock Exchange and the articles of association, combined with the historical dividend level, asset liability ratio and undistributed profit of the company, the long-term shareholder structure and demands were comprehensively considered, Based on the total share capital of 832860943 shares at the end of 2021, deducting 168000 shares of restricted shares to be repurchased that do not participate in profit distribution, i.e. 832692943 shares, cash dividends of 5 yuan (including tax) are distributed for every 10 shares, and the estimated distribution amount is 41634647150 yuan.
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 6 Hunan Yussen Energy Technology Co.Ltd(002986) 00298 not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zhou Bangjun, Gao Road
Office address: No. 168, Chengdong Avenue, Yichang City, Hubei Province
Tel: 07176369865
E-mail [email protected]. [email protected].
2. Introduction to the company's main business in the reporting period
The modern yeast industry originated in Europe. After hundreds of years of development and continuous technological progress, the yeast industry has developed continuously along the two product lines of yeast products and yeast derivatives, and has been deeply applied and served in the fields of food manufacturing, feed industry and biological manufacturing. Yeast industry belongs to the biological manufacturing industry in the biological industry. The biological industry is one of China's nine strategic emerging industries. China has become the world's largest yeast producer and exporter.
From the perspective of production capacity distribution, the total production capacity of yeast in the world is about 1.9 million tons, with lesford, angel and Yinglian Marley ranking among the top three in the industry; The production capacity of yeast industry is mainly concentrated in Europe and America, more than half of the total production capacity; In recent years, China has become the region with the fastest growth of yeast production capacity in the world, driving the rapid growth of yeast production capacity in the Asia Pacific and even the world.
From the perspective of consumption market, the growth of yeast consumption market is unbalanced. The application of active yeast in Europe, America and Oceania is mature, with large stock but small increment. It is mainly fresh yeast, with limited market growth potential and large demand potential for yeast derivatives; With the rapid population growth in Africa, the Middle East, Asia Pacific and other regions, the baking industry is rising, and the market demand for active yeast is growing rapidly.
In terms of application fields, the traditional and leading fields of yeast application are pasta fermentation, baking, brewing and bioenergy, and the industry is relatively mature; Yeast has huge market capacity and broad application prospects in emerging fields such as feed breeding and biological fermentation; The breadth and depth of application of yeast derivatives in flavor, nutrition, health and other fields are being further expanded.
From the perspective of geographical distribution, China has become the main battlefield of competition in the global yeast industry, and the industry leaders further consolidate their market position with the advantages of scale, brand, technology and channel; The production capacity of yeast extract in China increased steadily and the industry concentration increased; The traditional application fields of yeast increased steadily; Yeast derivatives have great potential, and the downstream application fields are increasing; The integration of China's yeast industry continues.
The company is a national key high-tech enterprise and listed company specializing in the operation of yeast, yeast derivatives and related biological products, and the largest yeast company in Asia and the second largest yeast company in the world; The company has national enterprise technology center, postdoctoral research workstation, national recognized laboratory, Hubei Bioengineering Research Institute and Yichang biotechnology public service center; The company has held positions in more than ten industry associations and associations; The company has passed BRC, ISO, HACCP, SEDEX, CNAs and other certifications; The company has won the Third Yangtze River Quality Award of Hubei Province, the national quality benchmarking award, the nomination award of the third China Quality Award, the national scientific and technological progress award twice, the first prize of provincial and ministerial scientific and technological progress ten times, completed more than 70 national and provincial major scientific and technological plans, and formulated or participated in the formulation of more than 70 standards. China has been China China's yeast industry for more than 30 years. It has formed a complete Chinese yeast industry technology and equipment system, created a growing demand for yeast in China's market, promoted the establishment of the series of yeast products, promoted the technological progress in related fields, and enhanced the advanced nature and international level of China's yeast products.
（1） Main products and businesses of the company
The company is mainly engaged in the development, production and operation of yeast, yeast derivatives and related biological products. Relying on the advantages of yeast technology and products, the company has established an industrial chain closely related to upstream and downstream, and created multiple business fields with yeast as the core, with rich products and perfect structure.
The company has built 12 factories in Yichang, Liuzhou and Chongzuo in Guangxi, Dehong and Pu'er in Yunnan (under construction), Ili in Xinjiang, Chifeng in Inner Mongolia, Sui County in Henan, Binzhou and Jining in Shandong, benisvev Province in Egypt and Lipetsk Prefecture in Russia, with a total yeast fermentation capacity of 316000 tons.
The company is mainly engaged in the production and sales of baker's yeast, yeast extract, Saccharomyces cerevisiae, biological feed additives, nutritional and health products, food raw materials and other products. The products are widely used in the fields of baking and fermented pasta, food seasoning, microbial fermentation, animal nutrition, human nutrition and health, brewing and bioenergy; The investment fields of the company also involve biological fertilizer, enzyme preparation, sugar making, plastic flexible packaging, dairy industry, etc.
(II) main business model of the company
1. Production mode
The company adopts the production mode of combining order oriented and inventory oriented production modes, and uses the advanced SAP ERP system to guide production. For conventional products, the company formulates the safety stock and maximum stock of finished products according to historical sales data, product production cycle, sales target of the next stage and other factors, and dynamically adjusts the inventory of finished products according to market sales to achieve production and sales balance; For unconventional products, the production plan is formulated according to the customer's order, and customized production is carried out according to the order demand.
2. Procurement mode
Following the requirements of the internal control guidelines of listed companies, the company has established a procurement model suitable for the development of the company in combination with the company's practical experience and industry characteristics over the years. The company establishes professional procurement functional departments according to the procurement business types of raw materials, engineering, production equipment and logistics, and implements group procurement control. Core and bulk purchased products are uniformly purchased by the corresponding group procurement departments and implemented by all subsidiaries; The company has established a strict procurement internal audit system, and all procurement departments conduct internal audit regularly; The company has implemented an e-procurement system, established an open Supplier Portal and implemented sunshine procurement, which effectively increased the transparency and competitiveness of the procurement process. In order to further meet the requirements of the company's healthy and rapid development and internal and external supervision and audit, the company established a bidding office at the end of 2019 to implement the separation of bidding and purchase of engineering equipment and bulk raw materials, which further improved the compliance, efficiency and quality of bidding business. During the reporting period, the purchase of raw materials for production accounted for 24%; Warehousing and logistics service procurement accounts for 21%; OEM / trade procurement accounts for 18%; Procurement of engineering construction services accounts for 12%; Purchase of production equipment accounts for 12%; Energy and power procurement accounts for 6%; The procurement of spare parts and engineering materials accounts for 4%; The purchase of packaging materials for production accounts for 2%; Administrative and logistics service procurement accounted for 1%.
3. Sales model
The company has built a global marketing network, set up 13 Chinese sales organizations and 6 overseas business departments by business or region, established 49 sales departments in all provinces and cities across the country, and has 11 application technology service centers around the world; The company has established the "Internet plus" business model in the whole business area, and has built a perfect "online and offline" collaborative interaction, and the "vertical platform and third party platform" parallel development of the electricity supplier mode. It has set up its own e-commerce platforms such as angel's official mall and Bo Shisheng, and opened stores on all mainstream third-party e-commerce platforms, realizing the whole network and all channel sales of Online + offline combination; It has built a global marketing and market service network with sensitive information, rapid response, smooth channels and strong control; The company's products have been sold in 163 countries or regions around the world.
The company's product sales mainly adopt the modes of dealer agency + direct supply of key customers + Internet marketing. The company's products are subdivided into industrial products and civil products. Industrial products are provided to users through distributor distribution or direct supply, and civil products are delivered to consumers through distributor distribution, direct sales or various e-commerce platforms built by the company. 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 13445647466861080717951018 24.41990663556346
Attributable to listed companies
Net capital of shareholders of the company 685406061617588992335198 16.37502983982237 assets
Operating income 1067533 Quakesafe Technologies Co.Ltd(300767) 893303577774 19.50765275455171
Attributable to listed companies
The net profit of shareholders of the company 130853806826137151255964 -4.5990150001794 belongs to the listed company
Net profit of shareholders of the company deducting 106 Ofilm Group Co.Ltd(002456) 213122034887769 -13.1483694814581 non recurring profits and losses arising from operating activities
Net cash flow of 131889796948186921594106 -29.44129598119455
Weighted average net assets 20.54 25.15 decreased by 4.61 percent 19.37
Yield (%) points
Basic earnings per share 1.5879 1.6643 -4.59 1.0939
(yuan / share)
Diluted earnings per share 1.5870 1.6643 -4.64 1.0939
(yuan / share) 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 26562693741825776289397023602017948830812328989
