Securities code: Zhejiang Huatong Meat Products Co.Ltd(002840) securities abbreviation: Zhejiang Huatong Meat Products Co.Ltd(002840) Announcement No.: 2022053
Zhejiang Huatong Meat Products Co.Ltd(002840) 2021 annual report summary
1、 Important tips
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.
All directors personally attended the meeting of the board of directors to consider this annual report. Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares 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 plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. 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 Zhejiang Huatong Meat Products Co.Ltd(002840) stock code Zhejiang Huatong Meat Products Co.Ltd(002840)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zhu Wanzhen none
Office address: Gutang industrial community, Yiting Town, Yiwu City, Zhejiang Province
Fax: 057989907387
Tel: 057989908661
E-mail zwz4789163.com.
2. Introduction to main business or products during the reporting period
(I) main business and products of the company during the reporting period
With livestock and poultry slaughtering business as the core, the company makes every effort to build an integrated business model of industrial chain. Its main business covers four links: feed processing, livestock and poultry breeding, livestock and poultry slaughtering and processing, and deep processing of meat products. The products sold abroad mainly include feed, fresh pork, fresh poultry meat, Jinhua ham, etc. After years of efforts, the company has strong market competitiveness and brand awareness in the field of fresh products. During the reporting period, the company continued to consolidate the livestock and poultry slaughtering business and went deep into the deep processing business of meat products. Feed processing and livestock breeding were in the growth stage. The income and profit of the company during the reporting period mainly came from fresh pork products and sales of foreign breeding pigs.
During the reporting period, there was no significant change in the company's main business.
(II) business model of the company
1. Slaughtering and meat processing business model: the company has established a national pig procurement platform and adopted the production model of setting production according to sales. The company issues the pig purchase plan to the purchasing department according to the sales order and sales forecast. The business personnel of the purchasing department make an inquiry from the contracted pig farms, farmers and other suppliers and make an overall arrangement for the pig source. The procurement mode of live poultry is similar to that of pigs. The company's fresh pork sales model is mainly in the form of regional distribution, supplemented by other sales models. The sales mode of fresh poultry and ham is mainly distribution, supplemented by direct sales.
2. Business model of livestock and poultry breeding:
The pig breeding of the company adopts the self breeding and self raising mode, establishes a large-scale pig farm, achieves the delivery of sows and piglets through introduction and breeding, raises the newborn piglets in the whole process from lactation, conservation, growth, fattening and feeding to the slaughter of fat pigs, and establishes a standardized production management mode for each stage. Under this mode, the company selectively sells breeding pigs or piglets according to market conditions, and the bred commercial pigs are mainly sold to the company for self slaughter.
Poultry breeding adopts the production and operation mode of "company + farmers" and self breeding. The production and operation mode of "company + farmers" is that the company signs a cooperative breeding agreement with farmers, "farmers" pay a certain deposit to the company, and the company provides self built farms, chicken seedlings, feeding materials and other production materials. "Farmers" are responsible for the whole process of broiler chicken breeding, and the company recycles live chickens according to the agreement. The breeding fee is the remaining amount of the recovered value of broiler minus the material cost, feed rework fee, site use fee, asset inventory loss and advance payment. After settlement, the company will pay within the agreed time. The business model of self breeding and self raising of birds is that the company establishes its own farm, and the company's parents directly purchase Meat Breeding chicks, and breed, breed, lay eggs and hatch commercial generation chicks in the company's chicken farm. In addition to a small amount of external sales, it is mainly supplied to the company's internal broiler farm, and the company is responsible for the whole process of broiler breeding. In addition to selling some of the bred broilers to the company's internal slaughtering, the bred chickens are also sold to customers in areas with higher quotation through the company's national broiler quotation information platform.
The company's livestock and poultry breeding business model has a large demand for funds, and the construction of the farm takes a long time from site selection to production. The market situation is affected by the periodicity of livestock and poultry breeding, and there is a risk of change. However, under this mode, especially the self breeding mode, it is conducive to the company to formulate unified disease and epidemic prevention standards, implement unified management, and easily control quality and production indicators.
3. Feed business model: the raw materials required for feed production mainly include corn and soybean meal. The raw material procurement plan shall be formulated according to the monthly sales plan and submitted to the procurement department for implementation. The procurement department shall determine qualified suppliers according to the supplier evaluation control procedure and purchase through inquiry from qualified suppliers. On the basis of meeting the needs of its own livestock and poultry breeding business, the rest of the company's feed products are sold to the outside world. The company adopts the sales mode of combining distribution and direct sales in the external sales of feed.
(III) overview of the company's main operations during the reporting period
In 2021, the company achieved a total operating income of 8342248700 yuan, a decrease of 5.59% compared with the same period of last year; The net profit attributable to shareholders of listed companies was -1924635 million yuan, down 242.46% compared with the same period of last year.
In terms of pig breeding business: Although the price of pigs in China has fallen significantly this year, considering the long-term interests of the company, in order to achieve the company's future development strategic objectives and improve the integrated business model of pig industrial chain, the company continued to promote the pig breeding construction projects under construction as planned during the reporting period, and the basic construction of 18 farms in Zhejiang Province was completed, including subsidiaries Hangzhou Tongzhuang, Tiantai animal husbandry, Huasheng animal husbandry Pujiang animal husbandry, Dongyang animal husbandry, Lanxi animal husbandry, Xianju lvfa and Yueqing animal husbandry have all started to introduce pigs into production, and 137000 pigs (including breeding pigs and commercial pigs) will be sold in 2021.
Feed processing: with the company's pig breeding projects put into operation one after another, the demand for feed capacity began to increase day by day. During the reporting period, the company established two wholly-owned subsidiaries, Huasheng feed and Lanxi feed, respectively, specializing in feed production and processing business, so as to provide support for the company's livestock and poultry breeding business.
The feed subsidiaries under construction during the reporting period include Xianju feed and Huasheng feed. The planned production capacity of Huasheng feed is 450000 tons / year and Xianju feed is 200000 tons / year. It is planned to be put into operation in the first half of 2022. The company's feed self-sufficiency is not only conducive to reducing the cost of livestock and poultry breeding, but also conducive to controlling biosafety from the source and ensuring food safety. In the future, as the company's pig breeding projects are put into operation and production capacity is improved, the company will continue to increase investment in the feed industry. Pig slaughtering business: during the reporting period, affected by the recovery of pig production capacity and the decline of pig prices in China, the overall demand of the company's pig slaughtering market began to recover, and the pig slaughtering output increased significantly compared with the same period last year. 3.02 million pigs were slaughtered in 2021. If the company's slaughtering output can be further improved in the future, the performance of the company's pig slaughtering sector is expected to continue to grow. Deep processing of meat products: the company actively catered to the new consumption trend of the market and strengthened the research and development of new products. During the reporting period, the company launched a series of products such as ham natural block, ham Chinese side, ham hoof bladder, ham fire heel, ham slicing and daily good sausage. The local sausage launched three flavors: original flavor, spicy flavor and salty flavor, and continued to improve the taste of wind meat and pickled meat; Tiktok and other new retail formats are also being developed. Direct shops or shopping mall will be opened on the online platforms such as Tmall, Jingdong, WeChat, Jo, etc., which will create a good channel for promoting online marketing of meat products.
In terms of capital operation: during the reporting period, the company deliberated and passed the proposal on the non-public offering of a shares. The total amount of funds to be raised for the non-public offering of shares is no more than 922756 million yuan (including this amount), of which 200 million yuan is used for the new processing project with an annual output of 40000 tons of meat products, and 722756 million yuan is used to supplement working capital. Shanghai Huajian, a wholly-owned subsidiary of the controlling shareholder, fully subscribes for the non-public offering of shares. The company's non-public offering of A-Shares has been accepted by the CSRC and needs to be approved by the CSRC. The company will timely perform the obligation of information disclosure according to the approval progress of the CSRC.
Major cooperation: during the reporting period, in order to actively respond to the national strategic deployment of "carbon peaking and carbon neutralization", accelerate the transformation and development of green and low-carbon and the optimization of clean energy structure, and promote the in-depth integrated development of aquaculture and power industry, the company established a subsidiary Yiwu new energy for investment cooperation with state power investment group Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) Source Co., Ltd., and built a new "carbon neutralization" comprehensive smart energy project, The photovoltaic power generation project is built on the roof of the pig farm to reduce the production energy consumption cost of the farm and alleviate the shortage of electricity. In addition, additional income can be obtained through the remaining electricity on the Internet. In addition, the company signed the cooperation agreement on the joint innovation center for food nutrition and human health with the Sino German Joint Research Institute (Jiangxi OAI). The two sides will jointly carry out research and development in new intestinal products, low salt fermentation of Jinhua ham and other nutritious and healthy meat products. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
reduce
Total assets 713626901226499628225402 42.83% 306214560723
Net capital attributable to shareholders of listed companies 154159222718170550073564 - 9.61% 148417990887
20212020 year-on-year increase or decrease 2019
Operating income 834224867341883635675032 - 5.59% 770577697510
Net profit attributable to shareholders of listed companies -1924635345113509770940 - 242.46% 13165202831 profit
Net profit attributable to shareholders of listed companies after deducting -237857039104458686037 - 633.47% 9046675313 non recurring profits and losses
Net cash flow from operating activities 2515650087136061756767 - 30.24% 12762463575
Basic earnings per share (yuan / share) -0.44 0.31 - 241.94% 0.31
Diluted earnings per share (yuan / share) -0.35 0.29 - 220.69% 0.31
Weighted average return on net assets -12.09%, 8.44% - 20.53%, 9.51%
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 2638017672197776582808162964462072209682004789
Net profit attributable to shareholders of listed company: 77461995883049812564 -10346482358 -19695883245
Moisten
Net profit attributable to shareholders of listed companies after deducting 38993891402073852396 - 10457009305 - 19301936141 non recurring profits and losses
The net cash flow from operating activities is 7083171758
