Securities code: Joyvio Food Co.Ltd(300268) securities abbreviation: Joyvio Food Co.Ltd(300268) Announcement No.: 2022014 Joyvio Food Co.Ltd(300268)
Announcement on uncovered losses reaching one third of the total paid in share capital
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of the situation
According to the company's 2021 annual audit report (xyzh / 2022bjaa110116) issued by ShineWing Certified Public Accountants (special general partnership), as of December 31, 2021, the company's (consolidated statements) outstanding loss was -142457481446 yuan, the paid in capital was 17420000000 yuan, and the amount of the company's outstanding loss exceeded one third of the total paid in capital. According to the company law, the articles of association and other relevant provisions, this matter needs to be submitted to the general meeting of shareholders for deliberation.
2、 Reasons for loss
In 2021, affected by the epidemic situation, the approval efficiency greatly affected the salmon seedling feeding and harvest progress, the seedling feeding plan was delayed, and the average seedling feeding increased, resulting in the higher cost of fish fry than in previous periods; Moreover, affected by the rise of global grain prices and transportation prices, feed purchase prices began to rise sharply since the second half of 2021. The epidemic also led to the rise of labor and operation costs and the reduction of efficiency. At the same time, the average harvest weight decreased, resulting in an increase in the cost of allocating the fixed operation and maintenance costs (labor, depreciation, operation, etc.) to the unit weight, thus pushing up the release cost in 2021. In addition, the epidemic affected the continuous high cost of cross-border logistics, and the strengthening of epidemic prevention measures pushed up the costs of port killing and storage in port. In 2021, the impairment amount of the company's consolidated goodwill was 164021 million yuan. Affected by the above factors, the company suffered losses in 2021, and the amount of the company's outstanding losses exceeded one-third of the total paid in share capital.
3、 Countermeasures
1. Deeply cultivate overseas assets, fine management and release operational potential
Affected by the continuous high price of main feed raw materials, the breeding cost of the global salmon industry is facing challenges. Under this background, the board of directors and management of the company are deeply involved in the operation and management of australis, through point-to-point and all-round management of freshwater breeding, mariculture, feed vaccine, harvest, processing and sales
Joyvio Food Co.Ltd(300268)
Sort out and participate in the whole process, make targeted management suggestions and business decisions, and realize the cost saving of the Chilean subsidiary. Meanwhile, with the gradual recovery of the end market demand and sales price of salmon, the company will strengthen the promotion of end consumer products, value-added products and deep-processing products, fully release the operation potential and thicken the company's profits. In addition, promote the implementation and operation of intelligent processing plants in zone 12 of Chile as planned to realize the planned processing quantity.
2. Fully explore the Chinese market and establish brand image
On the consumer side, build the brand operation mode of "jiawo salmon", and establish the first brand image of jiawo salmon among Chinese consumers by means of factory joint venture and increasing brand investment. At the same time, we will carry out in-depth development, continue to explore and expand the product categories of "greedy bear classmate", a high nutritional children's food brand, "Online + offline", make more efforts, adopt effective marketing strategies, and strive to occupy a place in the children's food track. In addition, stimulate the development potential of Qingdao Guoxing and Sichuan Meiyan, and expand the Chinese market and catering channels on the basis of continuously expanding the existing customer share of narrow cod business; The Arctic sweet shrimp business should deepen the channels, expand the distribution, further strengthen the company's market position in this category and promote the steady growth of the business.
3. Actively promote equity financing and improve the asset liability structure
The company will actively reduce the asset liability ratio of listed companies, control the scale of interest bearing liabilities and release the bottom asset profits through debt to equity swap, refinancing and the introduction of strategic investors. At the same time, it is also of great significance for the company to alleviate the pressure of subsequent working capital, improve the company's capital structure, enhance financial stability and improve the company's operating performance.
4、 Documents for future reference
1. Resolutions of the 15th meeting of the 4th board of directors;
2. Resolution of the 13th meeting of the 4th board of supervisors.
It is hereby announced.
Board of directors
April 8, 2022
