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 Notes
This Summary is based on the full Annual Report of Hainan Jingliang Holdings Co., Ltd. (together with its
consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full
understanding of the Company’s operating results, financial position and future development plans, investors
should carefully read the aforesaid full text, which has been disclosed together with this Summary on the media
designated by the China Securities Regulatory Commission (the “CSRC”).
This Summary has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings 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 applicable
Bonus issue from capital reserves
Applicable Not applicable
The 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 bonus
issue from either profit or capital serves.
Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period:
Applicable Not applicable
Part 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
Hainan Jingliang Holdings Co., Ltd. Annual Report 2023 (Summary)
and Innovation Mansion, Building No.1, Innovation Mansion, Building No.1,
Community No.8 , Xinning Street, Daxing Community No.8 , Xinning Street, Daxing
District, Beijing 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 oils
upon initial pressing. As for oilseeds, the Company presses, refines, bottles, markets, imports and exports oilseeds
such 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 potato
chips, cakes and pastries and bread.
（3）Emerging Trend in the Industry
The major industry category of the Company is manufacturing,- processing industry of agricultural and
slide-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 food
processing business. From the perspective of the vegetable oil processing industry, the minority oils such as
sunflower seed oil, tea oil, corn oil and rice bran oil show rapid growth with the accelerated industrial integration
and the increasing accumulation of differentiated competition. From the perspective of the food processing
industry, there is great potential for industrial integration with the diversified consumption demand and the
constantly 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 the
most influential brand in Beijing several times, ranked 307th overall among the 2023 Top 500 Chinese Most
valuable Brands World Brand Lab, which brand values totaled 310.62 billion Yuan. “Gu Bi” sesame oil has been
awarded 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 Prince
products 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 food
industry. “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
Change of 31 December
31 December 2023 31 December 2022 2023 over 31 December 31 December 2021
2022 (%)
Total assets 6,496,782,984.90 6,105,144,167.96 6.41% 6,046,600,058.90
Equity attributable to the listed
3,167,503,541.44 3,061,661,435.05 3.46% 2,915,802,291.05
company’s shareholders
2023-over-2022
2023 2022 2021
change (%)
Operating revenue 11,901,009,211.63 12,857,874,301.72 -7.44% 11,763,093,835.56
Net profit attributable to the
102,348,088.85 141,411,141.28 -27.62% 204,459,771.08
listed company’s shareholders
Net profit attributable to the
listed company’s shareholders 82,678,972.04 124,297,168.33 -33.48% 195,422,832.45
before exceptional items
Net cash generated from/used in
109,486,954.74 -533,230,947.03 120.53% 632,240,056.44
operating activities
Basic earnings per share
(RMB/share) 0.14 0.19 -26.32% 0.28
Diluted earnings per share
0.14 0.19 -26.32% 0.28
(RMB/share)
Weighted average return on
3.29% 4.73% -1.44% 7.27%
equity (%)
（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
37,265,080.42 36,316,714.94 5,095,930.70 23,670,362.79
shareholders
Net profit attributable to the listed company’s
35,596,909.99 22,498,765.62 4,804,225.55 19,779,070.88
shareholders before exceptional items
Net cash generated from/used in operating
-94,878,495.30 -42,471,050.49 306,204,203.22 -59,367,702.69
activities
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 as
Holdings of Top 10 Shareholders
Unit: Share
Number of
Number of Number of preferred
ordinary
preferred shareholders with
Number of ordinary shareholders at
shareholders resumed voting rights
shareholders at the 58,382 the month-end 58,010 0 0
with resumed at the month-end
period-end prior to the
voting rights at prior to the disclosure
disclosure of
the period-end of this Report
this Report
Top 10 shareholders（not including through refinancing）
Shares in pledge, marked or
Nature of Shareholding Total shares held Restricted frozen
Name of shareholder
shareholder percentage at the period-end shares held
Status Status
BEIJING GRAIN State-owned
39.68% 288,439,561 0 Not applicable 0
GROUP CO., LTD. legal person
BEIJING STATE-
OWNED CAPITAL
State-owned
OPERATION AND 6.67% 48,510,460 0 Not applicable 0
legal person
MANAGEMENT
COMPANY LIMITED
Domestic Not applicable
WANG YUECHENG 5.43% 39,459,887 30,869,915 0
natural person
Domestic Not applicable
MEI JIANYING 0.36% 2,604,203 0 0
natural person
Domestic Not applicable
WANG ZHIQIANG 0.34% 2,507,123 0 0
natural person
LISHERYNZHAN Domestic Not applicable
0.33% 2,407,700 0 0
MING natural person
Domestic Not applicable
CHEN TIANHUA 0.29% 2,101,100 0 0
natural person
Domestic Not applicable
TONG ZHENZHU 0.27% 1,970,000 0 0
natural person
Domestic Not applicable
ZHANG XIAOXIA 0.27% 1,949,250 0 0
natural person
Domestic Not applicable
WANG XIAOXING 0.23% 1,654,200 0 0
natural person
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.,
Related or acting-in-concert parties among Ltd. is the controlling shareholder of the Company (a 39.68% holding). ② Wang
the shareholders above 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.
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
Shareholders involved in securities margin securities for margin trading in Founder Securities Co., Ltd. Shareholder Tong
trading (if any) 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 applicable
Unit: Share
Changes for the shareholders compared with last-term reporting period
Shares of shareholders’ ordinary account,
New Shares of refinancing has not yet been
Name of the credit accounting holding and refinancing
Shareholders/Withdr returned at end period
shareholders has not yet been returned at end period
awing member in the
(full name) Proportion of the Proportion of the
reporting period Number of shares Number of shares
total share capital total share capital
TONG
Addition 0 0.00% 1,970,000 0.27%
ZHENZHU
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
Bond Balance（in
Abbreviation Issue Maturity
Name of Bond Bond code ten thousands Interest
of Bonds Date Date
Yuan）
Hainan Jingliang Holdings Co., Ltd
2023 public issuance of corporate 21-22 22 Aug
bonds for qualified investors（1st 23Jingliang01 148434 30,000 2.88%
Aug 2023 2026
issue）
Interest payment of corporate bond in the reporting
No
period
（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%
Hainan Jingliang Holdings Co., Ltd. Annual Report 2023 (Summary)
Net profit after deducting non-recurring gains and
8,378.37 14,713.74 -43.06%
losses
EBITDA’s total debt ratio 18.20% 22.08% -3.88%
Interest cover ratio 3.26 5.90 -44.73%
Part III Significant Events
No 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
