京粮B：2020年年度报告摘要（英文版）

Stock Code: 000505 200505 Stock Name: JLKG JL-B Announcement No. 2021-012

HAINAN JINGLIANG HOLDINGS CO. LTD.

ANNUAL REPORT 2020 (SUMMARY)

Part I Important Notes

This Summary is based on the full text of the 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”).

Director Qingmei Pingcuo didn’t attend the Board Meeting in person due to a business trip and authorized

director Guan Ying to attend and vote on her behalf. Other directors attended the Board Meeting for reviewing 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

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 production. It

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” and “Huo Niao” with the main products being

soybean oil rapeseed oil sunflower seed oil and sesame oil and paste among others. As for its food production

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.

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

2020 2019

2020-over-2019

change (%)

2018

Operating revenue 8741749912.11 7440286465.54 17.49% 7409124303.41

Net profit attributable to the listed

company’s shareholders

184846956.70 133341925.75 38.63% 167956581.15

Net profit attributable to the listed

company’s shareholders before

exceptional items

164037737.59 104483092.09 57.00% 127425177.20

Net cash generated from/used in

operating activities

-246540910.08 297366794.05 -182.91% 850167551.24

Basic earnings per share

(RMB/share)

0.26 0.19 36.84% 0.24

Diluted earnings per share

(RMB/share)

0.26 0.19 36.84% 0.24

Weighted average return on equity

(%)

7.17% 5.70% 1.47% 7.69%

31 December 2020 31 December 2019

Change of 31

December 2020 over

31 December 2019 (%)

31 December

2018

Total assets 5695504493.73 5231266600.19 8.87% 4917148996.28

Equity attributable to the listed

company’s shareholders

2710571543.53 2406039283.87 12.66% 2272469925.43

(2) Key Financial Information by Quarter

Unit: RMB

Q1 Q2 Q3 Q4

Operating revenue 1719261111.71 2031511955.92 1928342701.75 3062634142.73

Net profit attributable to the

listed company’s shareholders

27655045.32 46107849.87 40894930.95 70189130.56

Net profit attributable to the

listed company’s shareholders

before exceptional items

23730342.72 44264847.23 32040014.29 64002533.35

Net cash generated from/used in

operating activities

328948834.32 -141853013.56 -273955632.37 -159681098.47

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

ordinary

shareholders at

the period-end

71627

Number of ordinary

shareholders at the

month-end prior to the

disclosure of this Report

68899

Number of

preferred

shareholders

with resumed

voting rights

at the

period-end

Number of

preferred

shareholders with

resumed voting

rights at the

month-end prior

to the disclosure

of this Report

Top 10 shareholders

Name of shareholder

Nature of

shareholder

Shareholdi

percentage

Total shares

held at the

period-end

Restricted shares held

Shares in pledge or

frozen

Status

BEIJING GRAIN GROUP

CO. LTD.

State-owned

legal person

39.68% 288439561 164877598

BEIJING STATE-OWNED

CAPITAL OPERATION

AND MANAGEMENT

CENTER

State-owned

legal person

6.67% 48510460

WANG YUECHENG

Domestic

natural

person

5.66% 41159887 41159887

LI SHERYN ZHAN MING

Foreign

natural

person

1.23% 8939300

GOLD BUFFALO

RUNYING (TIANJIN)

EQUITY INVESTMENT

FUND MANAGEMENT

CO. LTD.—GOLD

BUFFALO RUNYING

Other 0.51% 3684503

(TIANJIN) EQUITY

INVESTMENT FUND (L.P.)

MEI JIANYING

Domestic

natural

person

0.36% 2604203

ZHANG XIAOXIA

Domestic

natural

person

0.27% 1949250

WANG XIAOXING

Domestic

natural

person

0.24% 1748400

TAN WENQIONG

Domestic

natural

person

0.20% 1419700

ORIENT SECURITIES（HONG KONG） LIMITED

Foreign legal

person

0.19% 1354500

Related or acting-in-concert parties among the

shareholders above

① Beijing State-Owned Capital Operation and Management Center owns

100% 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 1748400 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

The State-Owned Assets Supervision and

Administration Commission of the People’s

Government of Beijing Municipality

39.68%

Beijing State-Owned Capital Operation

and Management Center

Beijing Capital Agribusiness Group Co.

Ltd.

Beijing Grain Group Co. Ltd.

Hainan Jingliang Holdings Co. Ltd.

100%

100% 100%

5. Corporate Bonds

Does the Company have any corporate bonds publicly offered on the stock exchange which were outstanding

before the date of this Report’s approval or were due but could not be redeemed in full?

No.Part III Operating Performance Discussion and Analysis

1. Business Overview of the Reporting Period

(1) Overall Performance

The year 2020 saw sudden perplexing and tremendous changes in macroeconomic conditions. Facing the impact

of the Covid-19 pandemic the China-United Sates (US) trade war the economic slowdown and other negative

factors we withstood the pressure and responded swiftly. We strengthened operation and management while

making unremitting efforts in pandemic control and prevention. As a public company we explored and analyzed

new means to increase our profitability while strengthening the internal control and regulatory compliance as the

foundation of operational stability and long-term development. Finally we finished the year with steady growth in

operating performance. For the year under review the Company recorded operating revenue of RMB8.742 billion

up 17.49% year on year; a gross profit of RMB285 million up 9.87% year on year; a net profit attributable to the

listed company’s shareholders of RMB185 million up 38.63% year on year; and earnings per share of RMB0.26

up 36.84% year on year. As such the objectives for the year were successfully accomplished.

(II) Major Results Achieved

1. The Oils and Oilseeds Division: Stable development in a positive direction

The Oils and Oilseeds Division effectively resisted the impact of the China-US trade war and the Covid-19

pandemic by leveraging the advantages of the oils and oilseeds industry chain. The Division recorded a total profit

of RMB136 million during the Reporting Period. Adhering to the operation mode of "Hedging + Basis Trading +

Inventory Rotation" and leveraging its experience in coping with the China-US trade war Jingliang Tianjin made

science-based analyses and judgments and planned preemptively finally securing a stable operating profit. The

annual output of soybean oil hit a new record high exceeding the target set for the year. Adopting a hedging mode

Jingliang Oils and Oilseeds strengthened the research and development of new product categories and

implemented more rigorous market analysis focusing on categories with stable demand and small impact from the

pandemic such as domestic soybean sunflower seed oil and non-genetically modified rapeseed oil. The annual

sales of oils and oilseeds hit a new record high. Through the trusteeship of Hongjingyuan Guchuan Edible Oil

innovated the mode of Beijing-Inner Mongolia industry assistance as the trusteeship is a win-win cooperation

between two companies of complementary advantages and the new mode is expected to produce a greater poverty

alleviation effect. In addition by developing the Group's trade union benefits platform the Division made all-out

efforts to promote the sales of all categories of products and implement online promotions. Tianweikang

continued to develop its warehousing services platform strengthened the management of edible oil reserves

improved the level of warehousing services improved the inventory rotation efficiency and implemented

emergency stock allocation tasks.

2. The Foods Division: Stable growth

Due to the pandemic-induced sluggish market demand the Foods Division recorded a total profit of RMB174

million in the Reporting Period. Zhejiang Xiaowangzi actively worked to develop new products and explore new

channels. The 4D Corn Roll a new product has been launched on the top three platforms namely Be & Cheery

Lyfen and Three Squirrels. The sales volume has grown significantly. With the "in-store special-shaped island

booth" strategy implemented in Yonghui RT-Mart Walmart and other hypermarkets the average sales per store

has grown significantly. Thanks to the growing sales of new products and stable sales of old products a good

momentum has been maintained. Taking advantage of the stabilizing domestic situation of the pandemic Guchuan

Bread increased sales at KFC and Green Tea stores increasing the proportion of sales at Green Tea stores and

distributors and further optimizing the customer/channel structure.

3. Stable expansion through acquisition and trusteeship

Following the plan of "implement a batch" "improve a batch" and "expand a batch" acquisition and restructuring

were implemented in a layer-by-layer step-by-step approach. During the Reporting Period we successfully

acquired the remaining equities of Zhejiang Xiaowangzi. Through this project we gained experience and laid a

foundation for future acquisition and restructuring projects. We improved the management of the two companies

under the Company's trusteeship Hongjingyuan and Shanghai Sunlon by providing standardized guidance and

professional management improving their corporate governance structures and streamlining their operation

processes. The preset targets for the trusteeships have been achieved.

4. Solid and effective efforts in pandemic control and prevention

We actively responded to the severe challenges posed by the Covid-19 pandemic implementing targeted control

and preventive actions in a well-planned manner. Promptly responding to the calls from government authorities

we established a pandemic control and prevention leadership team and a pandemic control and prevention

inspection team established a pandemic control and prevention system and implemented various pandemic

control and prevention measures in a strictly disciplined and thoroughly planned manner. We actively worked to

use the financial support policies for pandemic relief to reduce the Company's cost of capital.

5. Continuous improvement in management level

First with the implementation of an online office platform the power of execution has been improved better

ensuring the implementation of the Company's policies and plans. Second a personnel development system has

been established and improved which has served to promote multi-directional communication and upper-lower

interaction. The Jingliang Holdings Forum was created as a means to improve the overall quality of the

Company's middle and senior managers promote their market-consciousness and share their management

experience. Third pilot efforts were made to drive regulatory compliance. We investigated our headquarters and

subsidiaries for regulatory compliance batch by batch reviewed the regulatory compliance policies liabilities and

risks of our major businesses and updated the checklist of regulatory compliance risks associated with our equity

investments thereby laying a solid foundation for regulatory compliance and improving the regulatory

compliance management level.

2. Significant Change to Principal Activities in the Reporting Period

□ Yes √ No

3. Product Category Contributing over 10% of Principal Business Revenue or Profit

√ Applicable □ Not applicable

Unit: RMB

Product

行情