Company code: Juneyao Grand Healthy Drinks Co.Ltd(605388) company abbreviation: Juneyao Grand Healthy Drinks Co.Ltd(605388) Juneyao Grand Healthy Drinks Co.Ltd(605388)
Summary of annual report 2021
Section I important tips
1. The summary of this annual report is from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plans, investors should go to 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. 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
The net profit attributable to all shareholders of the company in 2021 was 14698770581 yuan, and the distributable profit of the company at the end of the reporting period was 39406724235 yuan. After comprehensive consideration of the industry characteristics, current development stage and profitability of the company, promote and implement a sustained and stable dividend distribution policy to protect the legitimate rights and interests of investors. After careful research and in combination with the company's operation and overall financial situation, the company plans to distribute profits based on the total share capital registered on the equity registration date of equity distribution in 2021. The company's profit distribution plan for 2021 is as follows:
Distribute a cash dividend of RMB 2.20 (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 430 million shares. Based on this calculation, the total cash dividend to be distributed is 94.6 million yuan (including tax), and the proportion of cash dividend of the company in this year is 64.36%. The remaining undistributed profits shall be carried forward to subsequent years for distribution. The company will not convert the capital reserve into share capital this time.
If the total share capital of the company changes before the equity registration date of equity distribution, the company plans to maintain the distribution proportion per share unchanged and adjust the total profit distribution accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
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 Juneyao Grand Healthy Drinks Co.Ltd(605388) Juneyao Grand Healthy Drinks Co.Ltd(605388) none
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Guo Qin Yu Yi
Office address: 31 / F, Junyao International Plaza, No. 789, Zhaojiabang Road, Shanghai
Tel: 0215115580702151155646
E-mail [email protected]. [email protected].
2. Introduction to the company's main business in the reporting period
According to the industrial classification of national economy (GB / t47542017) and the guidelines for industrial classification of listed companies (revised in 2012) issued by the CSRC, the company's industry belongs to the category of "wine, beverage and refined tea manufacturing industry (C15)" and the category of "milk containing beverage and vegetable protein beverage manufacturing (c1524)".
Before 2014, the normal temperature lactic acid bacteria beverage market was mainly composed of three or four tier brands. The company was one of the first tier brands to enter the normal temperature lactic acid bacteria market earlier. After years of accumulation, the classic "Junyao" and innovative "flavor power" brand image has established a good image in the consumer group and has a loyal target consumer group. The company is a pioneer in the normal temperature lactic acid bacteria industry, with strong market competitiveness and market share in the forefront.
The company puts forward the vision of becoming a global leader in probiotics. With the mission of "enabling science and technology and being what families want to eat", the company aims to redefine the standards of probiotics products and go global of China's FMCG, and depicts the blueprint for Juneyao Grand Healthy Drinks Co.Ltd(605388) long-term and healthy development. The company insists on promoting a series of high-quality health foods. At present, it is mainly engaged in the R & D, production and sales of probiotic health foods and normal temperature lactic acid bacteria drinks.
During the reporting period, on the one hand, the company maintained the leading position in the normal temperature lactic acid bacteria industry, empowered the products by adding Juneyao Grand Healthy Drinks Co.Ltd(605388) exclusive core functional strains, and enhanced the core competitiveness of the products. At the same time, it continued to cultivate the existing channels, and restored and cultivated several hundred million markets on the basis of the core sales areas. The superposition of products and channels promoted the continuous improvement of the "flavor power" normal temperature lactic acid bacteria business.
During the reporting period, the company has successively developed probiotic health food as the future core product matrix. At present, probiotic health food has a short start time in China and has not yet formed a national brand that consumers are familiar with Juneyao Grand Healthy Drinks Co.Ltd(605388) has reserved more than ten strains of unique functional strains, forming high technological barriers. In the future, we will continue to improve the existing products with probiotics as the starting point through consumer insight and other means, and realize omni-channel sales through the company's existing sales network and new retail platform.
Business model of the company
1. Procurement mode
The basic purchase mode of the company is the purchase mode of determining production by sales, ordering by production and taking into account inventory, so as to meet the needs of production plan. During the reporting period, the raw materials required by the company's products were uniformly purchased by the company and produced by the company's own factory and agent factory. The company mainly purchases imported milk powder, white granulated sugar, pectin, whey protein, imported strains and other raw and auxiliary materials, as well as packaging materials such as plastic particles, cartons, bottles, bottle caps and sealing films. The company has set up a special procurement department, established a complete quality system for its own factories and agent factories, and made provisions on the procurement, acceptance, transportation, storage and use of raw and auxiliary materials and packaging materials used in dairy production, Control the procurement process to ensure that the purchased materials meet the specified requirements in terms of quality requirements, delivery and services.
2. Production mode
The company determines the production capacity of its own factory and agent factory by setting the production according to the sales. The sales department shall formulate the sales plan according to the sales order of last month, the seller's purchasing plan of this month and the change trend of current market demand, and the production department shall prepare the production plan and organize production according to the sales plan. The sales department regularly adjusts the sales plan formulated at the beginning of the month according to the specific sales situation, and the production department also makes corresponding adjustments accordingly. At the same time, the company's normal temperature lactic acid bacteria drinks have a long shelf life and do not need to be refrigerated. The company maintains a reasonable inventory level according to the market situation and the sales plan, and adjusts the monthly production quantity accordingly.
(1) Self owned factory production mode the company has its own factories in Yichang, Hubei and Quzhou, Zhejiang. With the gradual release of Quzhou factory output, the overall capacity utilization rate of the company shows a gradual upward trend. The normal temperature lactic acid bacteria beverage market is in a period of rapid growth as a whole, and the company's business is also in a period of strengthening its advantages, continuous expansion and consolidating its position. At present, the output of its own products can not meet the growth of sales. Especially before and during the peak season, the problem of limited self owned capacity of the company is prominent, and the relevant production lines can not meet the demand despite the fact that they continue to operate at full capacity. Therefore, self owned production capacity is one of the factors restricting the growth of the company. With the release of Quzhou factory output and the completion and operation of the investment project funded by the raised funds, the company will gradually increase the proportion of its own capacity to break through the bottleneck of the existing scale. (2) OEM production mode OEM undertakes the important output task of the company, effectively complements the company's production capacity and ensures the supply rhythm. The selection of the company's existing foundry is based on quality assurance and close to the product market layout, which not only facilitates the rapid launch of products on the market, but also reduces the product transportation radius, which is conducive to actively responding to customer needs. While effectively supplying the shortage of the company's own production capacity and ensuring the company's supply rhythm, the agent factory also relatively improves the company's control cost. Therefore, the company intends to gradually reduce the proportion of the output of the agent factory and choose the enterprises with good reputation and strong quality control to carry out business cooperation.
3. Sales model
The company's sales mode is mainly distribution mode. Under the distribution mode, the company's products are directly sold to the dealers through the selling out mode, and then sold by the dealers to their downstream dealers, distributors, retail terminal merchants and other downstream customers, and finally directly sold by the retail terminal merchants to consumers. The company's sales market is mainly concentrated in the sunken county market in the second and third tier cities and extends in both directions. The company determines the number of dealers according to the local market and industry sales data. Usually, only one dealer is developed in a specific area to ensure that the company can effectively expand the coverage of marketing network and marketing efficiency. With the expansion of the company's business scale and production capacity, the company reasonably develops dealers according to the growth of product consumption in specific regional markets. According to their own marketing strategy and market sales situation, dealers independently develop supermarkets, chain convenience systems, retail stores and other downstream sales channels, complete the requirements of the company's distribution rate and distribution rate, build and maintain the sales network in the distribution area, effectively expand the marketing scale and improve the market share of the company's products. 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 229649540164217171274437 5.75134426216150
Attributable to listed companies
Net assets of shareholders of the company 193916015585193084067263 0.4394153849621
Operating income 9135989187085189937834 7.24124590950233
Attributable to listed companies
The net profit of shareholders of the company 1469877058121383451497 -31.2629533264111 belongs to the listed company
The net profit of the company's shareholders deducting 928255737817495611885 -46.9425123378960 non recurring profits and losses is generated from operating activities
Net cash flow 179878265008172135648 120.1135324296073
Weighted average net assets were 7.33 16.82 points, with a decrease of 9.49 percent and a yield of 36.06 points (%)
Basic earnings per share 0.34 0.56 -39.29 0.82 (yuan / share)
Diluted earnings per share 0.34 0.56 -39.29 0.82 (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 25351340717223365001132235214537821319905662
6443574773 Hna Innovation Co.Ltd(600555) 78501952219847297418111 net profit attributable to shareholders of listed company
Net profit after deducting non recurring profit and loss: 556707158833234363921545600991 -1153551593
Cash flow from operating activities 25586126675176550348 - 2013 Galaxycore Inc(688728) 12266352213 quarterly data and
