Hainan Jingliang Holdings Co., Ltd. Annual Report 2021 (Summary)
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 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”).
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 or
misunderstandings 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
15/F, Jing Liang Building, NO. 16 East Third 15/F, Jing Liang Building, NO. 16 East Third
Address Ring Middle Road, Chaoyang District, Ring Middle Road, Chaoyang District,
Beijing Beijing
Fax 010-51672010 010-51672010
Tel. 010-51672130 010-51672029
Email address 1124387865@qq.com gaodeqiu_jl@163.com
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Hainan Jingliang Holdings Co., Ltd. Annual Report 2021 (Summary)
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. 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. The Company runs its oils and oilseeds processing
and 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 oil
and sesame oil and paste, among others. As for its food processing business, it primarily develops, produces and
markets snack food and bread under the brands of “Little Prince”, “MS Dong”, “Jianqiang De Tudou” and “Gu
Chuan”, among others, with the main products being potato chips, cakes and pastries and bread. The snack food
business covers all provinces and municipalities in China, while the bread business focuses on the
Beijing-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 industry
category of manufacturing—agri-food processing industry (code: C13). Specifically, the Company operates in the
vegetable oil processing segment, with its food processing business accounting for a large proportion in gross
profit. With respect to the vegetable oil processing industry, industrial integration has accelerated and
differentiation is increasingly evident, with minority oils such as sunflower seed oil, tea oil, corn oil and rice bran
oil 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 the
industry, 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
Change of 31
31 December 2021 31 December 2020 December 2021 over 31 December 2019
31 December 2020 (%)
Total assets 6,046,600,058.90 5,695,504,493.73 6.16% 5,231,266,600.19
Equity attributable to the listed
2,915,802,291.05 2,710,571,543.53 7.57% 2,406,039,283.87
company’s shareholders
2021-over-2020
2021 2020 2019
change (%)
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
204,459,771.08 184,846,956.70 10.61% 133,341,925.75
company’s shareholders
Net profit attributable to the listed
company’s shareholders before 195,422,832.45 164,037,737.59 19.13% 104,483,092.09
exceptional items
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Hainan Jingliang Holdings Co., Ltd. Annual Report 2021 (Summary)
Net cash generated from/used in
632,240,056.44 -246,540,910.08 356.44% 297,366,794.05
operating activities
Basic earnings per share
0.28 0.26 7.69% 0.19
(RMB/share)
Diluted earnings per share
0.28 0.26 7.69% 0.19
(RMB/share)
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
36,585,077.36 51,743,120.55 39,778,852.22 76,352,720.95
company’s shareholders
Net profit attributable to the listed
company’s shareholders before 32,694,567.66 50,578,769.74 39,320,196.40 72,829,298.65
exceptional items
Net cash generated from/used in
274,757,224.16 3,093,221.29 534,327,111.43 -179,937,500.44
operating activities
Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs
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 preferred
Number of Number of
shareholders with
Number of ordinary preferred
resumed voting
ordinary shareholders at the shareholders
59,249 53,755 0 rights at the 0
shareholders at month-end prior to with resumed
month-end prior to
the period-end the disclosure of voting rights at
the disclosure of this
this Report the period-end
Report
Top 10 shareholders
Shareholdi Total shares Shares in pledge,
Nature of marked or frozen
Name of shareholder ng held at the Restricted shares held
shareholder
percentage period-end Status Shares
BEIJING GRAIN GROUP CO., State-owned
39.68% 288,439,561 0
LTD. legal person
BEIJING STATE-OWNED
CAPITAL OPERATION AND State-owned
6.67% 48,510,460 0
MANAGEMENT COMPANY legal person
LIMITED
Domestic
WANG YUECHENG natural 5.66% 41,159,887 41,159,887
person
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Hainan Jingliang Holdings Co., Ltd. Annual Report 2021 (Summary)
Foreign
LI SHERYN ZHAN MING natural 0.71% 5,155,300 0
person
GOLD BUFFALO RUNYING
(TIANJIN) EQUITY
INVESTMENT FUND
MANAGEMENT CO., Other 0.40% 2,889,803 0
LTD.—GOLD BUFFALO
RUNYING (TIANJIN) EQUITY
INVESTMENT FUND (L.P.)
Domestic
MEI JIANYING natural 0.36% 2,604,203 0
person
Domestic
ZHANG XIAOXIA natural 0.27% 1,949,250 0
person
Domestic
WANG XIAOXING natural 0.23% 1,679,200 0
person
ORIENT SECURITIES （HONG Foreign
0.18% 1,330,400 0
KONG） LIMITED legal person
CITIC SECURITIES COMPANY
LIMITED－TIANHONG CHINA
SECURITIES FOOD AND
BEVERAGES TRADING Other 0.16% 1,197,700 0
OPEN-ENDED INDEX
SECURITIES INVESTMENT
FUND
① Beijing State-Owned Capital Operation and Management Center owns an
indirect 100% share of Beijing Grain Group Co., Ltd., and Beijing Grain Group
Related or acting-in-concert parties among the Co., Ltd. is the controlling shareholder of the Company (a 39.68% holding). ②
shareholders above 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.
Shareholder Wang Xiaoxing holds 1,679,200 shares in the Company through his
Shareholders involved in securities margin
account of collateral securities for margin trading in Soochow Securities Co.,
trading (if any)
Ltd.
(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
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Hainan Jingliang Holdings Co., Ltd. Annual Report 2021 (Summary)
(3) Ownership and Control Relations between the Actual Controller and the Company
The State-Owned Assets Supervision and
Administration Commission of the People’s
Government of Beijing Municipality
100%
Beijing State-Owned Capital Operation
and Management Company Limited
100%
Beijing Capital Agribusiness Group Co.,
Ltd.
100%
Beijing Grain Group Co., Ltd.
39.68% 6.67%
Hainan Jingliang Holdings Co., Ltd.
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 “14th Five-Year Plan”, the 100th anniversary of the founding of the
Communist Party of China (the “CPC”), as well as the first year for the Company’s “Three-year Actions for
State-owned Enterprise Reform”, which is aimed to drive leapfrog growth. In the year, the Company closely
followed the general principle of seeking progress while keeping performance stable, adhered to the right path of
innovation, and managed to overcome multiple difficulties. With strong CPC leadership, the Company saw a good
start for the 14th Five-Year Plan period, with effective anti-pandemic actions, as well as a stabilizing and
improving development momentum.
For the year under review, the Company recorded operating revenue of RMB11.763 billion, up 34.56% year on
year; a gross profit of RMB315 million, up 10.56% year on year; a net profit attributable to the listed company’s
shareholders of RMB204 million, up 10.61% year on year; and earnings per share of RMB0.28, up 7.69% year on
year. 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, see
the full Annual Report 2021.
Hainan Jingliang Holdings Co., Ltd.
31 March 2022
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