Hainan Jingliang Holdings Co., Ltd. Annual Report 2023 (Summary)Stock Code: 000505, 200505 Stock Name: JLKG, JL-B Announcement No. 2024-005
HAINAN JINGLIANG HOLDINGS CO., LTD.ANNUAL REPORT 2023 (SUMMARY)
Part I Important NotesThis 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”).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.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 applicableBonus issue from capital reservesApplicable ? Not applicableThe Board has approved a final dividend plan as follows: Based on the 726,950,251 Shares on 31 December 2023,a cash dividend for RMB0.71 (tax inclusive) per 10 Shares is to distributed to the shareholders，with no bonusissue from either profit or capital serves.Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period:
Applicable ? Not applicablePart II Key Corporate Information
1. Company 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 | |
| Office address | 8/F, Tower B, Capital Agricultural Science | 8/F, Tower B, Capital Agricultural Science and | |
| and Innovation Mansion, Building No.1, Community No.8 , Xinning Street, Daxing District, Beijing | Innovation Mansion, Building No.1, Community No.8 , Xinning Street, Daxing District, Beijing | |
| Fax | 010-81219987 | 010-81219987 |
| Tel. | 010-81219989 | 010-81219989 |
| E-mail address | guanying@bjjlkg.cn | gaodeqiu@bjjlkg.cn |
2. Principal Activities or Products in the Reporting Period
（1）Company’s main business
The Company is principally engaged in oils and oilseeds processing and trading, as well as food processing.With regard to oils processing and trading, the Company refines, bottles, markets, imports and exports raw oilsupon initial pressing. As for oilseeds, the Company presses, refines, bottles, markets, imports and exports oilseedssuch as sesame, soybean, corn germ, sunflower seeds and peanuts. Food processing mainly refers to R&D,production and sales of snack food and bakery products.
（2）Company’s main products
The oils and oilseeds processing business is primarily under the brands of “Gu Chuan”, “Lv Bao”, “Gu Bi”,“Huo Niao”, etc., with the main products being soybean oil, corn oil, sunflower seed oil, peanut oil, rapeseed oil,flaxseed oil, olive oil, sesame oil and paste etc. The food processing business is primarily under the brands of“Little Prince”, “MS Dong”, “Jianqiang de Tudouzai” and “Gu Chuan” etc., with the main products being potatochips, cakes and pastries and bread.
（3）Emerging Trend in the Industry
The major industry category of the Company is manufacturing,- processing industry of agricultural andslide-products according to Results of Industry Classification of Listed Companies（code: C13)，specifically,the industry belongs to is vegetable oil processing，while gross profit ration is relatively high for the foodprocessing business. From the perspective of the vegetable oil processing industry, the minority oils such assunflower seed oil, tea oil, corn oil and rice bran oil show rapid growth with the accelerated industrial integrationand the increasing accumulation of differentiated competition. From the perspective of the food processingindustry, there is great potential for industrial integration with the diversified consumption demand and theconstantly enriched product categories, while there is only a handful of major brands in the industry.
（4）The Position of the Company in the Industry
The Company has varieties of greater influence brands. Among them, “Gu Chuan” has been awarded themost influential brand in Beijing several times, ranked 307
thoverall among the 2023 Top 500 Chinese Mostvaluable Brands World Brand Lab, which brand values totaled 310.62 billion Yuan. “Gu Bi” sesame oil has beenawarded National Sesame Famous Oil Brand, silver award for Beijing International Catering and Food Expo,gold award for International Brand-name Product etc, with certain competition in the industry. “Gu Chuan”, “Lv
Hainan Jingliang Holdings Co., Ltd. Annual Report 2023 (Summary)Bao” and “Gu Bi” are time-honored brand in Beijing, “Little Prince” trademark and Zhejiang Little Princeproducts have been identified as famous trademark and famous products in Zhejiang province for many years,with strong competitive in potato chips bulk and individual packaging segment, top-ranked one in puffed foodindustry. “Gu Chuan” bread is one of the major supplies in north China region of Kentucky Fried Chicken,maintaining a certain industry position in Northern bakery market.
3. Major Accounting Data and Financial Indicators
（1） Key Accounting Data and Financial Indicators 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 2023 | 31 December 2022 | Change of 31 December 2023 over 31 December 2022 (%) | 31 December 2021 | |
| Total assets | 6,496,782,984.90 | 6,105,144,167.96 | 6.41% | 6,046,600,058.90 |
| Equity attributable to the listed company’s shareholders | 3,167,503,541.44 | 3,061,661,435.05 | 3.46% | 2,915,802,291.05 |
| 2023 | 2022 | 2023-over-2022 change (%) | 2021 | |
| Operating revenue | 11,901,009,211.63 | 12,857,874,301.72 | -7.44% | 11,763,093,835.56 |
| Net profit attributable to the listed company’s shareholders | 102,348,088.85 | 141,411,141.28 | -27.62% | 204,459,771.08 |
| Net profit attributable to the listed company’s shareholders before exceptional items | 82,678,972.04 | 124,297,168.33 | -33.48% | 195,422,832.45 |
| Net cash generated from/used in operating activities | 109,486,954.74 | -533,230,947.03 | 120.53% | 632,240,056.44 |
| Basic earnings per share (RMB/share) | 0.14 | 0.19 | -26.32% | 0.28 |
| Diluted earnings per share (RMB/share) | 0.14 | 0.19 | -26.32% | 0.28 |
| Weighted average return on equity (%) | 3.29% | 4.73% | -1.44% | 7.27% |
（2） Key Financial Data by Quarter
Unit: RMB
| Q1 | Q2 | Q3 | Q4 | |
| Operating revenue | 3,206,922,214.64 | 1,616,311,993.54 | 3,217,246,365.63 | 3,860,528,637.82 |
| Net profit attributable to the listed company’s shareholders | 37,265,080.42 | 36,316,714.94 | 5,095,930.70 | 23,670,362.79 |
| Net profit attributable to the listed company’s shareholders before exceptional items | 35,596,909.99 | 22,498,765.62 | 4,804,225.55 | 19,779,070.88 |
| Net cash generated from/used in operating activities | -94,878,495.30 | -42,471,050.49 | 306,204,203.22 | -59,367,702.69 |
Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs
Hainan Jingliang Holdings Co., Ltd. Annual Report 2023 (Summary)materially 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 | 58,382 | Number of ordinary shareholders at the month-end prior to the disclosure of this Report | 58,010 | 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（not including through refinancing） | ||||||||||
| 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 | Status | |||||||||
| BEIJING GRAIN GROUP CO., LTD. | State-owned legal person | 39.68% | 288,439,561 | 0 | Not applicable | 0 | ||||
| BEIJING STATE-OWNED CAPITAL OPERATION AND MANAGEMENT COMPANY LIMITED | State-owned legal person | 6.67% | 48,510,460 | 0 | Not applicable | 0 | ||||
| WANG YUECHENG | Domestic natural person | 5.43% | 39,459,887 | 30,869,915 | Not applicable | 0 | ||||
| MEI JIANYING | Domestic natural person | 0.36% | 2,604,203 | 0 | Not applicable | 0 | ||||
| WANG ZHIQIANG | Domestic natural person | 0.34% | 2,507,123 | 0 | Not applicable | 0 | ||||
| LISHERYNZHAN MING | Domestic natural person | 0.33% | 2,407,700 | 0 | Not applicable | 0 | ||||
| CHEN TIANHUA | Domestic natural person | 0.29% | 2,101,100 | 0 | Not applicable | 0 | ||||
| TONG ZHENZHU | Domestic natural person | 0.27% | 1,970,000 | 0 | Not applicable | 0 | ||||
| ZHANG XIAOXIA | Domestic natural person | 0.27% | 1,949,250 | 0 | Not applicable | 0 | ||||
| WANG XIAOXING | Domestic natural person | 0.23% | 1,654,200 | 0 | Not applicable | 0 | ||||
| Related or acting-in-concert parties among the shareholders above | ① Beijing State-Owned Capital Operation and Management Company Ltd. 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 Mei Jianying holds 2,604,203 shares in the Company through his account of collateral securities for margin trading in Huatai Securities Co., Ltd. Shareholder Chen Tianhua holds 2,093,500 shares in the Company through his account of collateral securities for margin trading in Founder Securities Co., Ltd. Shareholder Tong Zhenzhu holds 1,970,000 shares in the Company through his account of collateral securities for margin trading in China Merchants Securities Co.,Ltd.; Shareholder Wang Xiaoxing holds 1,654,200 shares in the Company through his account of collateral securities for margin trading in Soochow Securities Co., Ltd. | |||||||||
Refinancing business participated by the shareholders of top 10
□ Applicable ? Not applicable
Changes for the shareholders compared with last-term reporting period
Hainan Jingliang Holdings Co., Ltd. Annual Report 2023 (Summary)? Applicable □Not applicableUnit: Share
| Changes for the shareholders compared with last-term reporting period | |||||
| Name of the shareholders (full name) | New Shareholders/Withdrawing member in the reporting period | Shares of refinancing has not yet been returned at end period | Shares of shareholders’ ordinary account, credit accounting holding and refinancing has not yet been returned at end period | ||
| Number of shares | Proportion of the total share capital | Number of shares | Proportion of the total share capital | ||
| TONG ZHENZHU | Addition | 0 | 0.00% | 1,970,000 | 0.27% |
| CHEN TING | Withdraw | 0 | 0.00% | 236,869 | 0.03% |
（2） Total Preferred Shareholders and Shareholdings of Top 10
□ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
（3） Ownership and Control Relations between the Actual Controller and the Company disclosed as box chart
5. Outstanding Bonds at the Date when the Report was Authorized for Issue
□ Applicable ? Not applicable
（1） Basic information of Bond
| Name of Bond | Abbreviation of Bonds | Bond code | Issue Date | Maturity Date | Bond Balance（in ten thousands Yuan） | Interest |
| Hainan Jingliang Holdings Co., Ltd 2023 public issuance of corporate bonds for qualified investors（1st issue） | 23Jingliang01 | 148434 | 21-22 Aug 2023 | 22 Aug 2026 | 30,000 | 2.88% |
| Interest payment of corporate bond in the reporting period | No | |||||
（2） Updated follow-up rating and changes of rating on corporate bonds
Corporate credit rating is AA+ in the reporting period.
（3）Major data and financial indicators at the ending of the reporting period for the last two years
Unit: ten thousands Yuan
| Item | 2023 | 2022 | Increase/decrease year on year |
| Asset-liability ratio | 44.97% | 43.28% | 1.69% |
| Net profit after deducting non-recurring gains and losses | 8,378.37 | 14,713.74 | -43.06% |
| EBITDA’s total debt ratio | 18.20% | 22.08% | -3.88% |
| Interest cover ratio | 3.26 | 5.90 | -44.73% |
Part III Significant EventsNo significant changes occurred to the Company’s operations in the Reporting Period. For further information,see the full Annual Report 2023.
Hainan Jingliang Holdings Co., Ltd.
30 March 2024