Stock Code: 000505, 200505 Stock Name: JLKG, JL-B Announcement No. 2022-031
HAINAN JINGLIANG HOLDINGS CO., LTD.ANNUAL REPORT 2021 (SUMMARY)Part I Important Notes
This Summary is based on the full Annual Report of Hainan Jingliang Holdings Co., Ltd. (together with itsconsolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a fullunderstanding of the Company’s operating results, financial position and future development plans, investorsshould carefully read the aforesaid full text, which has been disclosed together with this Summary on the mediadesignated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s Directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:
□ Applicable √ Not applicable
Board-approved final cash and/or stock dividend plan for ordinary shareholders for the Reporting Period:
□ Applicable √ Not applicable
The Company has no final dividend plan, either in the form of cash or stock.Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period:
□ Applicable √ Not applicable
This Summary has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.
Part II Key Corporate Information
1. Stock Profile
| Stock name | JLKG, JL-B | Stock code | 000505, 200505 | |
| Stock exchange for stock listing | Shenzhen Stock Exchange | |||
| Contact information | Board Secretary | Securities Representative | ||
| Name | Guan Ying | Gao Deqiu | ||
| Address | 15/F, Jing Liang Building, NO. 16 East Third Ring Middle Road, Chaoyang District, Beijing | 15/F, Jing Liang Building, NO. 16 East Third Ring Middle Road, Chaoyang District, Beijing | ||
| Fax | 010-51672010 | 010-51672010 | ||
| Tel. | 010-51672130 | 010-51672029 | ||
| Email address | 1124387865@qq.com | gaodeqiu_jl@163.com | ||
2. Principal Activities or Products in the Reporting Period
The Company is principally engaged in oils and oilseeds processing and trading, as well as food processing. Withregard to oils processing and trading, the Company refines, bottles, markets, imports and exports raw oils uponinitial pressing. As for oilseeds, the Company presses, refines, bottles, markets, imports and exports oilseeds suchas sesame, soybean, corn germ, sunflower seeds and peanuts. The Company runs its oils and oilseeds processingand trading business primarily in Beijing City, Tianjin City and Hebei Province under the brands of “Gu Chuan”,“Lv Bao”, “Gu Bi”, “Huo Niao”, etc., with the main products being soybean oil, rapeseed oil, sunflower seed oiland sesame oil and paste, among others. As for its food processing business, it primarily develops, produces andmarkets snack food and bread under the brands of “Little Prince”, “MS Dong”, “Jianqiang De Tudou” and “GuChuan”, among others, with the main products being potato chips, cakes and pastries and bread. The snack foodbusiness covers all provinces and municipalities in China, while the bread business focuses on theBeijing-Tianjin-Hebei region. In this regard, the Company is one of the major suppliers for KFC in North China.According to the Industry Categorization Results of Listed Companies, the Company falls into the major industrycategory of manufacturing—agri-food processing industry (code: C13). Specifically, the Company operates in thevegetable oil processing segment, with its food processing business accounting for a large proportion in grossprofit. With respect to the vegetable oil processing industry, industrial integration has accelerated anddifferentiation is increasingly evident, with minority oils such as sunflower seed oil, tea oil, corn oil and rice branoil seeing fast growth. In terms of the food processing industry, consumer needs have become increasingly diverse,resulting in better and richer product offerings. Nonetheless, there are only a handful of major brands in theindustry, indicating great potential for industrial integration.
3. Key Financial Information
(1) Key Financial Information of the Past Three Years
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Unit: RMB
| 31 December 2021 | 31 December 2020 | Change of 31 December 2021 over 31 December 2020 (%) | 31 December 2019 | |
| Total assets | 6,046,600,058.90 | 5,695,504,493.73 | 6.16% | 5,231,266,600.19 |
| Equity attributable to the listed company’s shareholders | 2,915,802,291.05 | 2,710,571,543.53 | 7.57% | 2,406,039,283.87 |
| 2021 | 2020 | 2021-over-2020 change (%) | 2019 | |
| Operating revenue | 11,763,093,835.56 | 8,741,749,912.11 | 34.56% | 7,440,286,465.54 |
| Net profit attributable to the listed company’s shareholders | 204,459,771.08 | 184,846,956.70 | 10.61% | 133,341,925.75 |
| Net profit attributable to the listed company’s shareholders before exceptional items | 195,422,832.45 | 164,037,737.59 | 19.13% | 104,483,092.09 |
| Net cash generated from/used in operating activities | 632,240,056.44 | -246,540,910.08 | 356.44% | 297,366,794.05 |
| Basic earnings per share (RMB/share) | 0.28 | 0.26 | 7.69% | 0.19 |
| Diluted earnings per share (RMB/share) | 0.28 | 0.26 | 7.69% | 0.19 |
| Weighted average return on equity (%) | 7.27% | 7.17% | 0.10% | 5.70% |
(2) Key Financial Information by Quarter
Unit: RMB
| Q1 | Q2 | Q3 | Q4 | |
| Operating revenue | 2,338,783,061.35 | 2,989,463,774.48 | 2,987,496,084.26 | 3,447,350,915.47 |
| Net profit attributable to the listed company’s shareholders | 36,585,077.36 | 51,743,120.55 | 39,778,852.22 | 76,352,720.95 |
| Net profit attributable to the listed company’s shareholders before exceptional items | 32,694,567.66 | 50,578,769.74 | 39,320,196.40 | 72,829,298.65 |
| Net cash generated from/used in operating activities | 274,757,224.16 | 3,093,221.29 | 534,327,111.43 | -179,937,500.44 |
Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differsmaterially from what have been disclosed in the Company’s quarterly or interim reports.
□ Yes √ No
4. Share Capital and Shareholder Information at the Period-End
(1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well asHoldings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders at the period-end | 59,249 | Number of ordinary shareholders at the month-end prior to the disclosure of this Report | 53,755 | Number of preferred shareholders with resumed voting rights at the period-end | 0 | Number of preferred shareholders with resumed voting rights at the month-end prior to the disclosure of this Report | 0 | |||
| Top 10 shareholders | ||||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held at the period-end | Restricted shares held | Shares in pledge, marked or frozen | |||||
| Status | Shares | |||||||||
| BEIJING GRAIN GROUP CO., LTD. | State-owned legal person | 39.68% | 288,439,561 | 0 | ||||||
| BEIJING STATE-OWNED CAPITAL OPERATION AND MANAGEMENT COMPANY LIMITED | State-owned legal person | 6.67% | 48,510,460 | 0 | ||||||
| WANG YUECHENG | Domestic natural person | 5.66% | 41,159,887 | 41,159,887 | ||||||
| LI SHERYN ZHAN MING | Foreign natural person | 0.71% | 5,155,300 | 0 | ||
| GOLD BUFFALO RUNYING (TIANJIN) EQUITY INVESTMENT FUND MANAGEMENT CO., LTD.—GOLD BUFFALO RUNYING (TIANJIN) EQUITY INVESTMENT FUND (L.P.) | Other | 0.40% | 2,889,803 | 0 | ||
| MEI JIANYING | Domestic natural person | 0.36% | 2,604,203 | 0 | ||
| ZHANG XIAOXIA | Domestic natural person | 0.27% | 1,949,250 | 0 | ||
| WANG XIAOXING | Domestic natural person | 0.23% | 1,679,200 | 0 | ||
| ORIENT SECURITIES （HONG KONG） LIMITED | Foreign legal person | 0.18% | 1,330,400 | 0 | ||
| CITIC SECURITIES COMPANY LIMITED－TIANHONG CHINA SECURITIES FOOD AND BEVERAGES TRADING OPEN-ENDED INDEX SECURITIES INVESTMENT FUND | Other | 0.16% | 1,197,700 | 0 | ||
| Related or acting-in-concert parties among the shareholders above | ① Beijing State-Owned Capital Operation and Management Center owns an indirect 100% share of Beijing Grain Group Co., Ltd., and Beijing Grain Group Co., Ltd. is the controlling shareholder of the Company (a 39.68% holding). ② Wang Yuecheng is a Deputy General Manager of the Company. Apart from that, the Company does not know whether there are any other related parties or acting-in-concert parties among the top 10 shareholders. | |||||
| Shareholders involved in securities margin trading (if any) | Shareholder Wang Xiaoxing holds 1,679,200 shares in the Company through his account of collateral securities for margin trading in Soochow Securities Co., Ltd. | |||||
(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
(3) Ownership and Control Relations between the Actual Controller and the Company
39.68% 6.67%
5. Outstanding Bonds at the Date when this Report Was Authorized for Issue
□ Applicable √ Not applicable
Part III Significant Events
2021 marks the commencement of China’s “14
th Five-Year Plan”, the 100
th
anniversary of the founding of theCommunist Party of China (the “CPC”), as well as the first year for the Company’s “Three-year Actions forState-owned Enterprise Reform”, which is aimed to drive leapfrog growth. In the year, the Company closelyfollowed the general principle of seeking progress while keeping performance stable, adhered to the right path ofinnovation, and managed to overcome multiple difficulties. With strong CPC leadership, the Company saw a goodstart for the 14
th
Five-Year Plan period, with effective anti-pandemic actions, as well as a stabilizing andimproving development momentum.For the year under review, the Company recorded operating revenue of RMB11.763 billion, up 34.56% year onyear; a gross profit of RMB315 million, up 10.56% year on year; a net profit attributable to the listed company’sshareholders of RMB204 million, up 10.61% year on year; and earnings per share of RMB0.28, up 7.69% year onyear. As such, the objectives for the year were successfully accomplished.No significant changes occurred to the Company’s operations in the Reporting Period. For further information, seethe full Annual Report 2021.
Hainan Jingliang Holdings Co., Ltd.
31 March 2022
The State-Owned Assets Supervision andAdministration Commission of the People’s
Government of Beijing MunicipalityBeijing State-Owned Capital Operationand Management Company Limited
Beijing State-Owned Capital Operationand Management Company LimitedBeijing Capital Agribusiness Group Co.,
Ltd.
Beijing Capital Agribusiness Group Co.,
Ltd.Beijing Grain Group Co., Ltd.
Beijing Grain Group Co., Ltd.
Hainan Jingliang Holdings Co., Ltd.
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