TigerResearch/tigerbot-earning-plugin huggingface dataset:
The preliminary plan for profit distribution, as approved by the Company’s board of directors, decides to distribute a cash dividend of CNY 7.36 (tax included) for every 10 shares to all shareholders, on the basis of the total share capital on the record date for the distribution, with0 bonus shares (tax included) and no capitalization of reserves.
Profit distribution plan of preferred shares during the reporting period as approved through the resolution of the board of directors
Distribution date| Dividend Rate| Distribution Amount (CNY)(tax included)| Distribution conditions and relevant procedures satisfied or not| Dividend payment method| Dividend accumulated or not| Involved in the allocation of residual profits or not
 December 26, 2022|6.8%|168,363,240.00| Yes| Cash| No| No
II. Basic Information of the Company
Stock abbreviation| Muyuan Foods| Stock code|002714
 Stock Exchange for stock listing| Shenzhen Stock Exchange||
 Stock abbreviation before change (if any)| None||
 Contact information| Secretary of the Board| Securities Affairs Representative|
 Name| Qin Jun| Cao Fang|
 Office Address| Longsheng Industrial Park, Wolong District, Nanyang City, Henan Province, China| Longsheng Industrial Park, Wolong District, Nanyang City, Henan Province, China|
 Fax|0377-66100053|0377-66100053|
 Telephone|0377-65239559|0377-65239559|
 E-Mail|myzqb@muyuanfoods.com|myzqb@muyuanfoods.com|
2. Introduction of Main Businesses or Products during the Reporting Period(I) Summary of the Company’s operation
In 2022, the Company sold 61.201 million heads of pigs, including 55.296 million heads of finished pigs (of which, 7.368 million heads were sold to the wholly-owned subsidiary Muyuan Meat Co., Ltd. and its subsidiaries), 5.558 million heads of piglets, and 346 thousand heads of breeding pigs. In 2022, 7.362 million heads of pigs were slaughtered and 757 thousand tons of fresh and frozen pork products were sold.
As a result, the Company achieved an operating revenue of CNY 124.826 billion in 2022, a YOY increase of 58.23%. Of which, the revenue attributable to slaughter and meat processing is CNY 14.718 billion, a YOY increase of 171.66%. The net profit is CNY 14.933 billion, a YOY increase of 95.50%.
In 2022, the Company continued to increase investment in the on-site management of farms, technology R&D and innovation, and achieved significant results in pig health management and disease elimination. The Company's production indicators improved significantly compared to2021 and the annual pig farming costs showed a continuous downward trend. In 2022, the Company’s annual average full cost of finished pigs was around CNY 15.7/kg and the full cost in the fourth quarter was reduced to less than CNY 15.5/kg. Without considering the impact of raised raw grain prices on costs, the Company had basically realized its annual goal of lowering costs.
The year 2022 witnessed the Company’s further transformation from high-speed development to high-quality and stable development. It continuously promoted the construction of supporting facilities for pig farms, improved the infrastructures for biosecurity, and strengthened the cost-control ability of pig farming. It also expanded to the upstream and downstream of the industrial chain. Subsidiaries of grain trading companies were established to serve the purpose of lowering purchase costs. And slaughter business was distributed to match the established pig production capacity for providing more high-quality pork foods to the public. As of the end of 2022, the Company has 288 wholly-owned and holding subsidiaries, which are distributed in 24 provincial-level administrative regions across China.
Besides, to enhance the industrial chain linkage and reduce purchase costs, during the reporting period, the Company co-founded the CAHIC-Muyuan (Henan) Biopharmaceutical Co., Ltd (“中牧牧原(河南)生物药业有限公司”) with the China Animal Husbandry Industry Co., Ltd. (CAHIC) (“中牧实业股份有限公司”) and CAHIC Nanjing Animal Pharmaceutical Co., Ltd.(“中牧南京动物药业有限公司”) and co-founded the Henan  Lianmu Veterinary Medicine Co., Ltd (“河南联牧兽药有限公司”) with the United Laboratories (Inner Mongolia) Animal Healthcare Co., Ltd. (“内蒙古联邦动保药品有限公司”).
2022 is the second year for China to fully promote the Dual-carbon Strategy. To promote green development in the industry by further energy conservation, emission reduction, low-carbon production, and improvement in utilization efficiency of raw materials, the Company established companies based on its businesses of pig farming, slaughter, and meat processing, namely Henan Muyuan Ecological Environment Technology Co., Ltd.(“河南牧原生态环境科技有限公司”), Henan Muyuan Synthetic Biotechnology Co., Ltd. (“河南牧原合成生物技术有限公司”), and Henan Muyuan New Energy Industry Development Co., Ltd. (“河南牧原新能源产业发展有限公司”).
In 2022, to build a talent team that is younger, internationalized, and more professional, the HR Department of the Company carried out various activities to attract talent from colleges domestically and actively managed several overseas special recruitment activities for international students. It established well an assessment mechanism to select and use talents, a talent pool cultivation mechanism to empower talents precisely and improve their professional competence and qualities continuously, and a performance-based pay mechanism and personnel administration mechanism to make employees clear about their promotion channels. By doing so, it aims to give the right people full play in the right positions and meet the talent needs during the Company's high-quality development.
(II) Main businesses, products and their uses
The Company’s main businesses are the farming, sales, and slaughter of pigs. Its main products include finished pigs, piglets, and breeding pigs, as well as pork products such as pork carcasses and finely cut pork. As of the end of 2022, the Company has a pig farming capacity of about 75 million heads per year and has put 10 slaughter plants into operation, with a designed slaughter capacity of 29 million heads of pigs per year.
(III) Business model
The Company adopts a vertically integrated business model and has formed a pork industrial chain, integrating feed processing, pig breeding, pig finishing, pig slaughtering, and meat processing, that covers the whole pig industrial value chain. The vertically integrated business model is helpful for the Company to carry out more strict control of costs and quality and ensure business results in an all-round way.
The Company builds its own feed mills to independently develop nutrition formulas and produce feeds to meet the feeding needs of all-stage pigs. To control the feeding costs effectively, feed formulas would change timely in accordance with the changes in the raw grain market and low-protein diet technology has been applied to reduce the usage of soybean meals.
The Company adopts the two-breed rotational crossbreeding system to select continuously and independently and build its own nucleus herds. It, therefore, depends on no breeding pigs purchased from external sources and makes the production costs and disease risks reduced. At the same time, the Company’s breeding pigs can satisfy both breeding use and finishing use in terms of reproductive performance, growth rate, lean meat percentage, and carcass quality, which lays a foundation for the rapid development of the Company.
The Company adheres to R&D innovations and the application of smart equipment. It has independently developed the fresh air filtration system, independent ventilation system, intelligent environment control system, intelligent feeding system, etc. A series of intelligent equipment operate in a collaborative manner. It aims to improve pig farming efficiency, lower pig farming costs, and promote the transformation and upgrading of the industry through technology-led and innovation-driven development.
In 2022, the Company continued to build supporting slaughter capacity in the regions where the Company carries out large-scale pig farming. Based on the business model of independent pig farming and slaughter, the Company made the whole production process transparent, controllable and traceable, so as to ensure food quality and safety and provide consumers with more high- quality pork products.
As of the end of 2022, the Company had set up 25 slaughter subsidiaries across China, with all slaughtered pigs from its own farms. The Company further expanded its pork sales network in China. It had set up more than 60 service stations for slaughter and meat business in 20 province- level regions across China as of the end of 2022, providing services to over 13,000 clients from agricultural product wholesale and distribution, supermarket chains, chain catering, food processing and new retail.
(IV) Industry development
1. Overview of China’s pig industry
Data from the National Bureau of Statistics of China (NBSC) show that 699.95 million heads of pigs were marketed in China in 2022, an increase of 4.27% over the previous year. As of the end of 2022, the inventory of reproductive sows and live pigs is 43.90 million and 452.56 million, an increase of 1.41% and 0.74% over the previous year, respectively.
(Data source: NBSC)
China is the largest pork producer in the world. According to data released by the U.S.
69,382
54,419 52,704
67,128
69,995
-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%
010,00020,00030,00040,00050,00060,00070,00080,000
2018 2019 2020 2021 2022
China’s Pig Output (10 thousand heads)
(2018-2022)
Pig Output YOY Change %
Department of Agriculture (USDA), China's pork production in 2022 accounted for 48.36% of global production, an obvious increase over the previous two years.
(Data source: USDA)
China is also the largest pork consumption country in the world. According to data released by USDA, China's pork consumption accounts for about 51% of the world's in 2022, and China's per capita pork consumption is about twice the world's.
So, Pork is the most important component of meat consumption among Chinese residents. According to NBSC, China's pork production in 2022 was 55.41 million tons, accounting for60.05% of the meat production of main livestock and poultry.
2. Pig price trend
China’s pig market is characterized by significant cyclicity. In the cycle from 2019 to 2022, due to the superimposed effects of factors including African Swine Fever (ASF), the number of
0.00%10.00%20.00%30.00%40.00%50.00%60.00%
Proportion of China’s Pork Production in the Global
Production(2018-2022)
59.59% 60.05%
48.00%50.00%52.00%54.00%56.00%58.00%60.00%62.00%64.00%66.00%
Proportion of Pork Production in China’s Meat Production of Main Livestock and Poultry
20182019202002120 2
201820192020202120 2
live pigs for market dropped in 2019, and the pig price turned to high from a low position at the beginning. The annual average price increased significantly year-on-year. In 2020, the industry's production capacity showed a gradual recovery trend, but due to the large reduction in the early stage, live pigs were still in short supply, and the price of live pigs was generally maintained at a high level. In 2021, the industry's production capacity basically recovered, the market supply rebounded significantly, and the price of live pigs showed a downward trend. In 2022, the production capacity of the industry fully recovered. The pig price turned to high from a low position at the beginning of the year, with a large fluctuation.
(Data source: MARA, China)
3. Continuously improved pig farming scale
China’s pig farming industry has long been dominated by scatter feeding production, with a low industry concentration. There are a large number of backyard households and small- and medium-sized farms. According to the statistics of the China Animal Husbandry and Veterinary Yearbook, there were 554 farms/households with an annual production of more than 50,000 live pigs for market in 2020, accounting for only 0.0027% of the total number of farms/households, which increased a little bit but is still a very low proportion.
In recent years, affected by factors such as the tightening of environmental protection policies, scarcity of pig farming land, frequent outbreaks of African Swine Fever and other epidemics, drastic fluctuations in pig prices, and accelerated improvement of food safety, the backyard households have withdrawn significantly, further accelerating the process of standardization, scale and modernization of pig farming in China. According to industry bodies,
0.005.0010.0015.0020.0025.0030.0035.0040.0045.00
2019-01-022019-02-202019-04-102019-05-292019-07-172019-09-042019-10-232019-12-112020-02-052020-03-252020-05-132020-07-012020-08-192020-10-142020-12-022021-01-202021-03-102021-04-282021-06-162021-08-042021-09-222021-11-102021-12-292022-02-162022-04-062022-05-252022-07-132022-08-312022-10-192022-12-07
Average Price of Live Pigs in China from 2019 to 2022
(CNY/kg)
China’s top 10 pig farming companies sold 141.92 million heads of pigs in total in 2022, accounting for 20.28% of the total output in China, an increase over 2021. The concentration of China's pig farming industry has shown a continuous upward trend in recent years, but the overall level of large-scale production in the industry remains relatively low compared with other countries with more mature industrial development.
3. Main accounting data and financial indicators
(1) Main accounting data and financial indicators in the past three years
Whether the Company needs to make retroactive adjustments or restate the accounting data of previous years or not
| End of 2022| End of 2021| YOY change| End of 2020
 Total assets|192,947,611,799.00|177,265,759,187.58|8.85%|122,627,256,969.07
 Net assets attributable to shareholders of the Company|71,783,350,329.31|54,351,768,519.36|32.07%|50,406,879,150.81
|2022|2021| YOY change|2020
 Operating revenue|124,826,212,177.74|78,889,870,566.40|58.23%|56,277,065,607.85
 Net profits attributable to shareholders of the Company|13,266,156,512.39|6,903,777,691.92|92.16%|27,451,421,940.73
 Net profits attributable to shareholders of the Company after deduction of non- recurring profit or loss|13,029,323,049.56|6,785,021,475.69|92.03%|27,326,977,374.14
Net cash flow from operations|23,010,550,801.93|16,295,026,813.82|41.21%|23,185,751,195.99
 Basic EPS(CNY/share)|2.49|1.28|94.53%|5.33
 Diluted EPS(CNY/share)|2.45|1.28|91.41%|5.28
 Weighted average ROE|21.01%|12.91%|8.10 percentage points up|74.43%
(2) Main accounting data by quarter
| First quarter| Second quarter| Third quarter| Fourth quarter
 Operating revenue|18,277,656,240.56|25,989,992,497.48|36,505,891,324.79|44,052,672,114.91
 Net profits attributable to shareholders of the Company|-5,180,230,377.25|-1,503,365,518.96|8,195,894,873.60|11,753,857,535.00
 Net profits attributable to shareholders of the Company after deduction of non- recurring profit or loss|-5,240,714,569.53|-1,629,883,347.28|8,170,525,359.31|11,729,395,607.06
 Net cash flow from operations|-58,213,007.43|248,631,593.59|9,669,009,021.89|13,151,123,193.88
Whether the above financial indicators or their total amount are significantly different from the related financial indicators disclosed in the Company's quarterly or semi-annual reports.
4. Share Capital and Shareholders
(1) The number of common shareholders and preferred shareholders with resumed voting rights and the shareholding of the top 10 shareholders
Total number of common shareholder s at the end of the reporting period|273,151| Total number of common shareholders at the end of the month before the disclosure date of the annual report|280,808| Total number of preferred shareholders with resumed voting rights at the end of the reporting period|0| Total number of preferred shareholders with resumed voting rights at the end of the month before the disclosure date of the annual report|0
 Shareholding of the top 10 shareholders|||||||
 Shareholder name| Shareholder nature|| Shareholdin g percentage| Number of shares held| Number of restricted shares held| Pledged, marked or frozen shares|
|||||| Share status| Quantity
 Qin Yinglin| Domestic natural person||38.12%|2,086,287,906|1,564,715,929| Pledged|293,258,000
 Muyuan Industrial Group Co., Ltd.| Domestic non- state-owned corporation||15.26%|834,925,406|150,112,584| Pledged|243,727,400
 Hong Kong Securities Clearing Company Ltd.(HKSCC)| Overseas corporation||2.94%|161,071,025|||
Qian Ying| Domestic natural person||1.18%|64,445,240|48,333,929||
 Sun Huigang| Domestic natural person||1.14%|62,443,706|||
 Muyuan Foods Co., Ltd.– Phase II Employee Stock Ownership Plan| Other||1.03%|56,443,800|||
 China Securities Co., Ltd.| State-owned corporation||0.70%|38,254,883|||
 Hainan Hongbao| Domestic non-||0.69%|37,510,929|||
Investment Co., Ltd.|state-owned corporation|||||
 Li Yanyan| Domestic natural person|0.61%|33,392,930|||
 Cai Min| Domestic natural person|0.55%|29,967,793|||
 Description of affiliated relations or concerted actions among the above shareholders| Mr. Qin Yinglin and Mrs. Qian Ying are the actual controllers of the Company. Mr. Qin Yinglin and Mrs. Qian Ying jointly hold 100% equity of Muyuan Group and hold 54.56% equity of the Company directly and indirectly. It is unknown whether other shareholders have affiliated relations or act in concert.|||||
 Description ofshareholders participating in Securities Margin Trading (if any)| Sun Huigang holds 9,129,100 shares of the Company through his common securities account, and53,314,606 shares through his collateral securities account for margin trading, representing a total holding of 62,443,706 shares. Hainan Hongbao Investment Co., Ltd. holds 7,865,669 shares of the Company through its common securities account and 29,645,260 shares through its collateral securities account for margin trading, representing a total holding of 37,510,929 shares. Li Yanyan holds 5,207,990 shares of the Company through her common securities account, and28,184,940 shares through her collateral securities account for margin trading, representing a total holding of 33,392,930 shares. Cai Min holds 2,068,500 shares of the Company through her common securities account, and27,899,293 shares through her collateral securities account for margin trading, representing a total holding of 29,967,793 shares.|||||
(2) Total number of preferred shareholders and the shareholdings of the top 10 preferred shareholders of the Company
There were no preferred shareholders holding shares of the Company during the reporting period.
(3) Ownership and control relations between the Company and the actual controllers
5 Bonds in existence as of the approval date of the annual report
Applicable □Not Applicable
Bond Name| Bond Abbreviation| Bond Code| Issue Date| Due Date| Bond Balance(CNY10,000)| Interest Rate
 Convertible Bond of Muyuan Foods Co., Ltd.| Muyuan Convertible Bond|127045| August 16, 2021| August 15, 2027|954,390.91|0.20%
 Interest payment and cashing of corporate bonds during the reporting period|| Muyuan Convertible Bond paid the first-year interest at par on August 16, 2022 for the period from August 16, 2021 to August 15, 2022, with a coupon rate of 0.20% and the interest was CNY 2 (tax included) for every 10 Muyuan Convertible Bonds (par value CNY 1,000).||||
(2) Latest tracking bond ratings and changes
During the reporting period, China Chengxin International Credit Rating Co., Ltd. (CCXI) issued the 2022 Tracking and Rating Report on the Public Issuance of Convertible Bonds by Muyuan Foods Co., Ltd. on June 28, 2022. It decided to maintain the Company's AA+ main credit rating, adjust the rating outlook to negative, and maintain the AA+ credit rating of "Muyuan Convertible Bond". Please refer to the relevant announcements on the website of  CNINFO on June 29, 2022, for details.
(3) Main accounting data and financial indicators in the past two years as of the end of the reporting period
Item|2022|2021| YOY change
 Liabilities to assets ratio|54.36%|61.30%|-6.94%
 Net profit after deduction of non-recurring profit or loss|1,302,932.3|678,502.15|92.03%
 EBITDA/Total Debt ratio|44.02%|28.97%|15.05%
 Interest coverage ratio|6.12|4.37|40.05%
III. Significant Events
(1) During the 32nd Meeting of the Third Board of Directors held on December 8, 2020, the Company deliberated and approved the Proposal on the Establishment of a Jointly Funded Financial Company by Muyuan Foods Co., Ltd. and Muyuan Industrial Group Co., Ltd. and on Related-Party Transactions. The Company and Muyuan Group plan to jointly fund a financial company. The registered capital of the financial company is CNY 1 billion, which shall be funded in cash by Muyuan Group and the Company as sponsors, with CNY 450 million from the Company.
As of the report release date, the matter is still under preparation and application.
(2) The Company held the 15th Meeting of the Fourth Board of Directors on December 12,2022 and the 3rd Extraordinary General Meeting of 2022 on December 28, 2022, during which the Proposal on the Issuance of GDRs and Listing on the SIX Swiss Exchange and Transforming into an Overseas-Offering Limited Company and other related proposals were approved. It was agreed the Company issue GDRs on the SIX Swiss Exchange; the new underlying A shares represented by the GDRs issued shall not exceed 250 million shares, including the securities issued upon the exercise of any over-allotment option (if any), and shall not exceed 4.37% of the total ordinary share capital of the Company upon completion of the issuance.
As of the date of this report, the Company has been granted conditional approval from the SIX Exchange Regulation AG for issuing GDRs and listing on the SIX Swiss Exchange. The SIX Swiss Exchange Regulation AG has agreed to list the GDRs issued by the Company, subject to the satisfaction of customary conditions, on the SIX Swiss Exchange. For the issuance and listing, the approval of the China Securities Regulatory Commission (CSRC) is required. And several prerequisites, including but not limited to the approval of the Prospectus Office of the SIX Swiss Exchange Regulation AG on the Company’s prospectus and the final confirmation of the listing timing by the SIX Swiss Exchange, still need to be satisfied. These matters are subject to certain uncertainties.
In addition to the above matters, the Company is not required to disclose other significant matters.
Muyuan Foods Co., Ltd. Chairman: Qin Yinglin
April 26, 2023
证券代码:300549证券简称:优德精密公告编号:2023-010
优德精密工业(昆山)股份有限公司2022 年年度报告摘要
大华会计师事务所(特殊普通合伙)对本年度公司财务报告的审计意见为:标准的无保留意见。本报告期会计师事务所变更情况:本报告期公司不存在变更会计师事务所的情况。
公司经本次董事会审议通过的利润分配预案为:以133,340,000 为基数,向全体股东每10股派发现金红利1.2 元(含税),送红股0 股(含税),以资本公积金向全体股东每10 股转增0 股。
股票简称|优德精密|股票代码|300549
股票上市交易所|深圳证券交易所||
联系人和联系方式|董事会秘书|证券事务代表|
姓名|陈海鹰|赵罗成|
办公地址|江苏省昆山市玉山镇迎宾中路1123 号|江苏省昆山市玉山镇迎宾中路1123 号|
传真|0512-50333518|0512-50333518|
电话|0512-57770626|0512-57770626|
电子信箱|jdcn@jouder.com|jdcn@jouder.com|
(1)公司主要业务
公司主营业务为汽车模具零部件、半导体计算机模具零部件、家电模具零部件等精密模具零部件,以及自动化设备零部件、制药模具及医疗器材零部件的研发、生产及销售。公司所在行业为专用设备制造业。公司自创立以来,虽然经历了技术与环境变化,但一直致力于为客户专业提供各种精密零部件。
公司凭借先进的技术、设备和优良的管理,不断积累和提升核心竞争力,聚集专业人才和完善公司产品系列,能够很好地满足客户专业化、定制化、个性化的需求,通过国内外市场的同步发展,努力使公司成为具有良好成长性与竞争力的全球专业化精密零部件供应商。
报告期内公司所从事的主要业务、主要产品及其用途、经营模式等未发生重大变化。
大类|产品名称|产品图片|产品用途
精密模具零部件系列|冲裁类零部件||用于模具中对产品进行冲孔、折弯、拉伸等成型
|滑动导向类零部件||用于模具工作中的定位和导向
|斜楔机构||用于模具中侧向冲孔或折弯成型
|弹性元件||主要作用是提供弹力,以用于压料或者脱料、浮料等。
|模具周边零件||用于辅助完成模具工作的其他功能
|非标定制零件||用户定制的特殊用途零件
自动化设备零部件系列|齿轮齿条||用于直线传动的机构
|减速机||用于减速传动的机构
|传动模组||由齿轮齿条和导轨滑块组成的直线传动模组,用于实现同步提升、搬运、定位及导向等功能。
|五轴铣头||数控机床的关键工作部件
|曲柄轴||是RV减速器的关键核心零件之一
制药模具及医疗器材零部件系列|制药模具零件||用于压片机药片成型
|骨科手术工具||骨科医疗手术用工具,如钻头、铰刀、刨刀等
|齿科手术工具||用于齿科种植牙手术工具
|工装夹治具||用于辅助医疗器械的加工和检测
(3)公司主要经营模式
1)采购模式
公司采购模式分为订单式采购和计划采购,一般情况下以订单式采购为主;计划采购参照前一年度使用
量,设定当年安全库存区间,再依据每月周转率,如低于安全库存量下限,由资材部进行计划采购补充库存。公司目前已经建立了稳定的原材料采购体系与供应商管理体系。
2)生产模式
公司的产品分为定制品和标准品,为满足不同客户的要求,公司的生产模式分为订单驱动生产和计划生产模式。订单驱动生产主要是客户下单,公司生产部门根据订单及交期安排生产,由于定制化产品具有“少量多样”的特点,种类繁多、规格型号各异,客户需求不一的特征,主要采用订单驱动的生产模式;计划生产模式是根据客户过往订单状况及近期市场趋势,制定生产计划,根据当期计划安排生产,公司标准品主要采用计划生产模式。经过多年的实践和改善,公司逐步建立起完善的生产管理系统,确保各生产流程的有效衔接,有效保障公司产品的品质与交期。
3)销售模式
目前公司采取直销为主、经销为辅的销售模式。直销是将产品直接销售给客户,经销是公司将产品销售给贸易商,贸易商将采购后的产品销售给其他经销商或客户。针对国内市场,公司建立了以华东地区为核心的优德精密昆山总部,以华北地区的天津分公司、华南地区的东莞分公司、华中地区的武汉分公司、西南地区的重庆分公司和各地办事处为支点,同时发展国外市场,努力使公司成为具有良好成长性与竞争力的全球专业化模具零部件供应商。
(4)报告期内主要业绩驱动因素
报告期内,公司营业收入较去年同期有小幅增长,但因研发投入、财务费用等较上年度有所增加,因此公司营业利润、利润总额及归属上市公司股东的净利润较去年同期有所下降。