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　　What is the flavor of the year on the trip? It’s a "Happy New Year" from the intersection of different dialects, a warm-hearted move from strangers, a sea of fireworks in the streets and lanes, and an authentic annual custom experience …
　　During the Spring Festival, my family and I drove back to our hometown of Xinzhou, and after visiting relatives and friends, we started a short trip to the ancient city of Xinzhou. During the journey, we were busy in the crowd, sensing the changes in our hometown and the temperature of our hometown people, and harvesting the long-lost flavor of the year.
　　Local cars are polite to foreign cars.
　　Showing "Shanxi temperature" between advance and retreat
　　As a well-known scenic spot in Shanxi, the passenger flow of Xinzhou ancient city during the Spring Festival holiday surged, and the demand for accommodation, catering and parking lots was in short supply, which not only tested the reception capacity of the ancient city, but also tested the hospitality of local people.
　　February 13th, the fourth day of the first lunar month. At about 17 o’clock, the reporter drove to the ancient city of Xinzhou and went to the parking lot at the south gate of the ancient city. The vehicles had already queued up. "You see, girl, there are so many foreign cars. The ancient city of Zhangzhou is really famous in the country. " Father said proudly. Sure enough, nearly half of the vehicles in the queue are foreign licenses, including many vehicles from Shaanxi, Henan, Beijing, Shandong, Jiangsu, Zhejiang and Sichuan.
　　The short-term influx of traffic in the evening is very dense. Although the parking lot has entered the state of "one person is hard to find" several times, the parking of vehicles has always been orderly. When I turned around, a scene of local cars giving way to foreign cars was being staged.
　　"Well, there are two parking spaces there. You stop first, and then we’ll find a parking space." Seeing that there were two parking spaces vacant ahead, Mr. Peng, who was driving a Xinzhou license car, warmly greeted the owners of Su-brand and Beijing-brand vehicles next to him, and drove the car into the parking space that was hard to wait for. The owners of the two foreign license plates were very touched and thanked them again and again. Mr. Peng’s eyes narrowed and he smiled. "You’re welcome. Happy New Year! Welcome to Zhangzhou! " "Happy New Year! Happy New Year! " This response from you to me seems to be like visiting relatives in the New Year. It is kind, natural, simple and warm.
　　"It is normal to be crowded in the New Year, but it is not easy for many foreigners to visit the ancient city of Xinzhou. Some of them may still have a tight schedule. If you stop early, you can play for a while, visit the ancient city, see the night view, taste the food and feel our New Year atmosphere in Xinzhou." After stopping the car, I had a short conversation with Mr. Peng, and the hearty and honest Shanxi people flowed between their words. "Far away are guests! We locals don’t care about this short time. Let’s play less today and come back another day. "
　　Courtesy to foreign cars, far away are guests, "Shanxi temperature" is highlighted here. This scene reminds me of a sentence: the beauty of adults can make us beautiful together. Isn’t this between the advance and retreat of parking a true portrayal of Shanxi people’s minds and patterns? Isn’t it one of the "most beautiful scenery" on the way for tourists to travel to Shanxi?
　　The performance of playing while the iron is hot is bursting with popularity.
　　Brilliant Interpretation of "Chinese Romance"
　　"There are thousands of trees in the east wind night, and the stars are like rain." This is a vivid description of the scene of beating iron flowers by Xin Qiji, a poet in the Southern Song Dynasty. Playing while the iron is hot is the oldest fireworks in China, and it is also a Millennium legacy. During the Spring Festival, the fireworks show in Xinzhou Ancient City attracted many tourists to watch, and people felt the authentic China Year among the sparks.
　　Walking into the ancient city of Xinzhou, passing through the brightly lit and crowded streets and ascending the stairs along the winding and secluded path, you come to the "stage" where the iron is spent-the tall and magnificent Yishige in the West Garden of the ancient city. As the time approached 19: 30, more and more people gathered in your Excellency Yishi. The scene was crowded and lively, and the tourist team could not see the end at a glance. Some people pick up their children and hold them high above their heads to seize the visual "commanding heights"; Some people stand on tiptoe, craning their necks to look at them; Some people are walking around with their mobile phones, looking for the best shooting spot … Everyone is waiting for this "different fireworks" in different postures.
　　Tie Hua is a folk cultural performance skill discovered by China ancient craftsmen in the process of casting utensils. It began in the Northern Song Dynasty and flourished in the Ming and Qing Dynasties, and has a history of more than a thousand years. While the iron is hot, flowers are mostly spread in the middle and lower reaches of the Yellow River, and Shanxi is one of the popular areas.
　　At 19: 30, accompanied by the music, the professional florist threw the molten iron at 1600℃ into the air. As the florist struck the molten iron in the air hard, thousands of sparks were scattered instantly, and it dripped down from Yishige like a waterfall, which was shocking and beautiful. In the next 15 minutes, the spectacular scene of colorful, flaming trees and silver flowers continued. One iron flower rose into the sky, and another one followed, and the rods were connected, as dazzling as the goddess scattered flowers and Venus flashing, which was amazing. "Wow!" Whenever a wave of iron flowers blooms in the night sky, people around them scream in unison.
　　"Lights in Shanxi, thousands of years. In this Chinese-style romance full of sparks, it seems that I have seen a glorious and splendid historical river and a prosperous chapter of thousands of years of lights. " Friends from the same industry shared this shocking performance in the circle of friends. I believe that this is his taste of the year, and it is also the common taste of many people; This is his voice, and it is also the common voice of many people.

Shanxi Evening News reporter Zhang Caiyun

　　Xinhua News Agency, Beijing, August 8th Question: Did you go to the swimming pool without changing your shoes, the bacteria exceeded the standard by 5 times, and the lifeguard deserted? — — Investigation on hidden dangers of safety and hygiene in swimming places

　　Xinhua News Agency reporters Yan Zhihong, Li Yuze, Dong Xiaohong and Yang Na.

　　It’s midsummer, and swimming and fitness are very popular. Not long ago, the National Health and Wellness Commission issued the "List of Unqualified Places for Swimming Pool Water Quality Spot Check in Some Cities (First Batch)", which showed that some swimming pools in many cities were not up to standard.

　　National Fitness Day is coming, is there any hidden danger in the swimming pool you choose? What skills can help us choose a safe and hygienic swimming pool? Xinhua news agency reporters launched an investigation for this.

　　Chaos, Dirty and Danger: There are still many "swimming" problems in various places.

　　A few days ago, a suspected chlorine leak occurred in a swimming pool in Fangshan, Beijing, which caused many people to feel uncomfortable. At the same time, it made people feel palpitation, but it did not stop people from questioning whether the swimming pool around them was safe and hygienic. The reporter conducted field visits and investigations in Nanjing, Chengdu, Xiamen and other places, and found that there are still obvious hidden dangers in many swimming pools.

　　— — "Chaos". During the visit, the reporter found that some swimming venues did not publicize relevant information as required, and some swimming pools did not properly implement the cleaning procedures before entering the pool. In the Yingpaisi Swimming Pool in Gulou District, Nanjing, the reporter found that except for the residual chlorine content and water temperature of the venue, the self-inspection items stipulated in the national health standards such as the pH value and testing time of the swimming pool were not publicized, and other important data directly related to the health of swimmers, such as turbidity, carbon, total bacteria and coliform bacteria, were not announced. The reporter also saw that many visitors crossed the disinfection and sterilization facilities and directly entered the swimming pool. In addition, there are many people who directly wear slippers or even enter the pool without changing their shoes at all.

　　— — "dirty" The total number of bacteria in some swimming places exceeded the standard, causing adverse reactions among minors. "Several dolls in the class vomited and diarrhea after swimming." Many parents told reporters that after their children learned to swim in the miracle gym in Xindu District, Chengdu, they developed symptoms of fever and upper respiratory tract infection. According to the sampling results of local law enforcement departments, the total number of bacteria in the swimming pool water of the museum reached more than five times the upper limit of the standard value.

　　— — "risk" Some swimming pools are not equipped with life-saving personnel, and some lifeguards "desert". In the Yingpaisi Swimming Pool in Nanjing, the reporter found that during the peak hours of passenger flow on the weekend afternoon, there was no lifeguard in the audience for a long time. When some lifeguards are on duty, they often leave their posts or talk and laugh with their backs to the pool for a long time.

　　Excessive profit-seeking, poor management and weak supervision have become the main causes of "swimming"

　　The reporter’s investigation found that excessive profit-seeking, poor management and weak supervision are the main reasons for the safety and health hazards in some swimming venues in many places.

　　Some swimming venues ignore safety and hygiene standards in order to reduce costs. According to the requirements, swimming venues should be cleaned once a month. A coach of Nanjing Yingpaisi Swimming Pool revealed: "Swimming pools in the market are simply difficult to do." He told reporters that it takes two or three days for a small and medium-sized swimming pool to change water, and it takes longer for a large swimming pool. Not to mention the cost of changing water, the time cost is unbearable for commercial swimming pools. Therefore, in order to maximize profits, some swimming pools often try to reduce the frequency of changing water and washing pools.

　　In addition, some swimming pools "hide" in the community, so it is difficult to implement dynamic supervision. Wu Xiang, deputy head of the Environmental Health Supervision Brigade of Chengdu Health and Family Planning Supervision and Law Enforcement Detachment, said that although the facilities and environment of swimming pools (gymnasiums) in some communities are "superior", there are many water quality problems. For example, the residual chlorine value is lower than the national health standard, and the foot soaking pool does not meet the relevant health standards. He said that this swimming pool is usually "hidden in the building" and it is very difficult to implement dynamic supervision.

　　In addition, the rapid increase of passenger flow in summer and the lack of hard constraints on uncivilized swimmers are also the causes of the problem. In the Xiamen Workers’ Sports Swimming Pool, the reporter saw that the current water permeability of the swimming pool was significantly lower than other times. To this end, Chen Hong, deputy director of Xiamen Workers’ Cultural Palace, explained that the current peak season ticket prices are low, and the sudden increase in passenger flow has brought great pressure to management. The museum replaces more than 100 tons of fresh water for the swimming pool every day, but it still can’t eliminate the pressure of maintaining water sanitation. In addition, Chen Hong also said that there is currently a lack of hard constraints on uncivilized behavior in swimming pools. "We can only euphemistically discourage related uncivilized behaviors, and there is nothing else we can do."

　　In addition, the reporter also learned that due to the lack of effective due diligence supervision mechanism for lifeguards, lifeguards "deserted" a lot, which increased the safety risk.

　　Master these tricks and choose a safe and hygienic swimming pool.

　　The staff of relevant authorities in many places reminded that ordinary swimmers who want to choose a safe and hygienic swimming venue for "cool summer" must master certain skills to identify the safety index because of the lack of professional testing equipment.

　　The first is inspection. The majority of swimmers should take the initiative to check whether the health permit is hung in a conspicuous place and check whether it is within the validity period. We should try our best to know the health quantitative grading rating, the history of water quality sampling and the real-time self-inspection of water quality in swimming places in time, and pay special attention to whether the safety equipment and personnel in the venues are in place, so as to choose a suitable swimming place.

　　The second is the view. Observe whether the sanitation around the swimming pool is clean, bright and ventilated, and whether there is water in the drainage ditch. Besides, it depends on the color of the pool water. If the residual chlorine content in the swimming pool is normal and the water quality is excellent, then the pool water is bright light blue. And the water in the pool should be crystal clear to the naked eye.

　　The third is to smell. Is close to the surface of the water to smell the smell of water, if you can smell the faint smell of chlorine, it is qualified, and the medicine is too strong or even choking, then the concentration of available chlorine may exceed the standard.

　　The fourth is feeling. After entering the water, if the water quality of the pool is excellent, it will feel soft. If it feels hard and astringent, or even itchy, the water quality may be poor.

　　At the same time, a number of swimming venue operators have called for the majority of swimmers to consciously swim in a civilized way and jointly safeguard the health and safety of swimming pools. They suggested that the management department should introduce hard restraint measures against uncivilized swimmers who have repeatedly taught, so that civilization can be implemented and the pool can be cleaned.

　　In addition, the reporter learned that swimmers can also check the sanitary condition of the swimming pool around their location through some apps, and can check the water temperature, pH value, average daily water change rate, residual chlorine in the swimming pool and so on.

When I stepped on the brakes, I found that the brakes were useless, the speed of the car did not decrease at all, and the brake failure was very dangerous. What is the cause of the brake failure? How should we avoid it? Many times, brake failure is actually a precursor.

First, if the brake suddenly hardens, it is likely that the vacuum booster pump fails to work, so it is necessary to check whether the vacuum booster pump is damaged or falls off.

Second, the brake suddenly becomes soft and treads like cotton. This situation may be caused by brake oil leakage due to brake oil pipe damage.

Third, when stepping on the brake, the pedal is soft and hard, and the strength is big and small. It may be that the brake oil enters water or air, and the brake oil should be removed or replaced in time. It may also be that the vacuum booster pump is aging or damaged.

Fourth, the steering wheel wobbles when you step on the brakes. This situation may be uneven grinding and excessive runout, so it is necessary to replace the brake disc in time.

Fifth, when you step on the brakes, the steering wheel deviates. This is because the brakes on one side are not working or the braking force is getting smaller. Check the brake calipers in time.

If you think it’s useful, remember to like it and pay attention to it. Braking is no small matter. If these things happen to your car, you must check it in time and don’t take any chances.

　　In the past 18 months, few people have noticed that Stan Larkin is a man without a heart.

　　This 25-year-old black guy has a thick body, likes to hang out with his younger brother and always takes his three young children to the park to play. He looks like a normal man.

　　The only special thing is that he always carries a gray backpack and never leaves his body for 24 hours. Go out, carry your bag on your back, even if you sit down for a haircut, put it at your feet.

　　Two pipes came out from the corner of the backpack, penetrated into Larkin’s clothes, buried under his ribs and connected to his "heart". As early as 2014, Larkin’s heart was removed and replaced by a Total Artificial Heart made by Syncardia Systems, Inc The backpack is filled with a portable driving device that provides power for it.

　　To put it simply, this backpack and all-artificial heart system maintain Larkin’s life.

　　It was not until May 9th that he transplanted a donor’s heart at the frankl Cardiovascular Center of the University of Michigan that he finally unloaded the backpack.

　　Cynthia’s total artificial heart handed out the baton, successfully ending its 555-day term.　　

　　"Many people may be afraid of using artificial hearts, and what I want to tell you is that you need to overcome this fear because it will help you." Before leaving the hospital, Larkin described this journey as a "roller coaster" when sharing his experiences with the public at a media meeting. He feels that he can recover quickly after surgery, thanks to the escort of the total artificial heart while waiting for the transplant.

　　"I feel like I can jog now." The man who just changed his heart two weeks ago said with a smile.

　　A machine will become my heart, think about it, a machine.

　　Larkin never thought that a man could live without a heart, let alone this happened to himself.

　　He hesitated for half a month before agreeing to the doctor’s treatment plan to install a total artificial heart for him. "A machine is going to be my heart," he said with an incredible expression. "Think about it, a machine!"

　　But he had to accept the machine. At the age of 16, Larkin went into shock on the basketball court without warning. Soon, he was diagnosed with arrhythmogenic right ventricular cardiomyopathy.

　　In human body, the heart promotes blood circulation throughout the body through the relaxation and contraction of atrium and ventricle. Larkin’s disease will make the myocardium of the right ventricle be replaced by progressive fibrous adipose tissue, which will cause the right ventricle to expand and not contract normally, which will lead to arrhythmia and even sudden death.

　　"The best choice for him is to receive a heart transplant." Jonathan Gaft, Larkin’s attending doctor and frankl Cardiovascular Center of the University of Michigan, said, "But at the same time, we feel that his condition is changing very fast, and he may not wait for the day when his matching donor heart arrives."

　　According to Billy Coen, director of the Technology and Innovation Center of Texas Heart Association, some patients with advanced heart failure often have to wait for months or even years to get a suitable heart source. Because the heart is too weak, key organs including kidneys and liver are likely to fail in the process. Without some forms of support such as artificial heart, many patients will die while waiting. According to the data provided by the American Organ Acquisition and Transplantation Network (OPTN), 49% of people on the waiting list for heart transplantation have to wait for one year or more.

　　Larkin’s situation is getting worse. After developing from right ventricular dysplasia to total heart failure with bilateral ventricular involvement, his left and right ventricles could not effectively collect and pump blood. He was so weak that he could hardly get into the car by himself.

　　Prior to this, the doctor implanted an automatic cardioverter defibrillator for him. When necessary, it will send electrical pulses to "activate" the regular operation of the heart. However, after the illness worsened, this commonly used cardiac auxiliary equipment was not enough to maintain Larkin’s life.

　　In November 2014, after a series of physiological tests, the doctor decided to remove Larkin’s heart and implant a Cynthia artificial heart to replace the original left and right ventricles and four valves.

　　This new "heart" is a pneumatic bicentric pump. After connecting with Larkin’s atrium, aorta and pulmonary artery, it began to perform its duties. As a mechanical heart, it can pump 9.5 liters of oxygenated blood per minute, which is beyond the ability of ordinary healthy heart and close to the level of athletes.

　　There is no sensor or engine in Larkin’s body. Through two pipes, the electric external driver transmits oxygen and creates vacuum, controls the synthetic material membrane separating air and blood in the ventricle of the total artificial heart, and pumps blood to the whole body.

　　"Tick-tock … … Tick-tock … …” This machine has accompanied his life all day. With each accurately calibrated compressed oxygen pulse, the driving equipment in the backpack makes a strong, stable and rhythmic sound, which sounds like a fast horse galloping through the hard road.

　　A few weeks later, Larkin, who was used to the noise, finally fell asleep with it. "It kept me alive," he said. "That’s it ‘ The sound of heartbeat ’ 。”

　　Larkin is challenging the limits of this equipment.

　　Two days before Christmas in 2014, Larkin walked out of the hospital with his family and became the first person in Michigan to leave the hospital with a total artificial heart.

　　"Although there is a backpack connected to my body, it’s like a real heart," Larkin joked. "It feels like I’m going to school with a backpack full of books on my back."

　　Like every ordinary person celebrating Christmas, he went shopping in the shopping center, went to church to participate in activities, and accomplished something he had been longing for for for a long time — — Picked up the basketball with the device that kept him alive.

　　Gaft, the attending physician, took a deep breath when he saw the pictures of him dribbling.

　　"This artificial heart is not designed for playing street basketball," Gaft said. "Larkin is really challenging the limits of this equipment."　

　　Hu Shengshou, academician of China Academy of Engineering and president of Fuwai Hospital, introduced in an article that artificial heart broadly includes ventricular assist devices and total artificial heart, in which ventricular assist devices are mainly left ventricular assist devices.　

　　It has been 80 years since the Soviet scientist De Mihov transplanted the artificial heart into dogs in 1937. In 1969, American doctor Cooley completed the first successful total artificial heart transplant in Texas Institute of Medicine, and assisted the patient with a total artificial heart for 64 hours before the heart transplant.

　　In China, the related blood pumps being developed by Tianjin TEDA Cardiovascular Hospital, Beijing anzhen hospital and Suzhou University are still in the animal experimental stage. There is no breakthrough report on the development of total artificial heart in China.

　　Cynthia total artificial heart is recognized as the most successful of more than 10 kinds of total artificial heart devices that have been published so far. Ten years ago, it was approved by the US Food and Drug Administration (FDA) as an auxiliary treatment before heart transplantation. It is also the only total artificial heart certified by the United States, Canada and Europe for clinical application.

　　Although Larkin, who came home with Cynthia’s artificial heart, can’t move completely freely, for example, the electric drive device connected to him prevents him from standing under the shower, picking up children or carrying them around his neck as usual, all this is very rare.

　　When the total artificial heart was just implanted, two pipes drilled from Larkin’s left rib were connected to a driving device called "Blue Giant".

　　It weighs 188 kilograms and looks like a washing machine. This means that Larkin can only be tethered to the hospital by this cumbersome machine until it takes the doctor months or even years to find a matching heart donor for him.

　　Fortunately, in June of that year, this small and portable all-artificial heart drive device newly developed by Syncadia Systems was approved by the US Food and Drug Administration. Larkin’s "washing machine" was replaced by a "backpack", so he no longer had to be trapped in the hospital.　

　　"When eligible patients become stable, they can switch to portable drives," the production company said. "It provides patients with a wider range of activities and allows them to return to their families and communities to wait for a matching donor heart." It is powered by two lithium-ion batteries and can be recharged with a standard power socket or an adapter of a car.

　　This equipment, weighing about 6 kilograms, was named "Freedom".

　　In order to permanently replace the human heart, it has to overcome many technical difficulties.

　　It seems that Larkin is doing well with a total artificial heart. At home, he doesn’t need more treatment, as long as he eats a low-sodium diet and takes blood-thinning drugs to keep healthy. Of course, as a person with a total artificial heart, he has to be like a robot and can’t leave the power supply for too long — — The lithium battery in the equipment is enough to run for 3 hours.

　　However, total artificial heart is only used as an alternative transitional treatment before heart transplantation, and it can not be maintained for a long time. Cynthia’s total artificial heart, which is at the forefront of the industry, is also starting the clinical trial of permanent artificial heart transplantation.

　　Academician Hu Shengshou introduced that although heart transplantation is the best treatment for many patients with end-stage heart failure who can’t be treated by drugs or surgery, it is still the goal pursued by the medical community for many years to use artificial heart instead of natural heart because of the limitation of heart source and the fact that heart transplantation is not suitable for patients under 40 years old.

　　Although the current research is more and more advanced, in order to permanently replace the human heart, the total artificial heart has to overcome many technical difficulties. For example, as an artificial mechanical device, it does not have the self-repairing function of human heart, and it is impossible to stably simulate the heart beating more than 100,000 times a day for a long time without wear.

　　"Larkin is still waiting for a heart transplant, and we hope to transplant him as soon as there is a suitable donor. During this period, he can return to health in some normal life at home, and when the opportunity comes, he will be transplanted in the best condition. " Dr Jonathan Gaft said.

　　In order to serve the heart of this substitute, Larkin’s family took over most of the work of the nurse. The mother, who was afraid of touching two pipes at first, was used to often changing the bandage covering the entrance of the pipe for her son.

　　"We have to be careful so that he won’t get infected," she said. "Now, I’m a professional."

　　After 555 days of being accompanied by Cynthia’s total artificial heart and "freedom" drive equipment, Larkin finally got a heart from a donor.

　　Now, in his chest, a fresh human heart is beating steadily.

　　This is the third heart he experienced, which made him feel "reborn". "You can stop worrying about small things and do many things that you once thought you could never do again."

　　Including hugging his three children again.

　　"They will attack me," the father showed a spoiled smile. "They can’t wait for a long time. They will hang in front of my neck, jump on my back and ride on my neck. In short, they will run around me. " China Youth Daily Zhongqing Online Reporter Chen Yinan

Titanium media note:This article comes from WeChat WeChat official account Netease Digital Reading (ID: datablog163), by Su Wanshui, authorized by Titanium Media.

After Luo Min, the originator of campus loan, invited Jerry and Fu Seoul to bring prefabricated dishes, the prefabricated dishes caused a new round of controversy. In mid-September, in the "Oriental Selection" live broadcast room, the founder of Zhigang think tank shouted that "prepared dishes are pig and dog food".

Prefabricated dishes, a term that has a sense of existence in this year’s public opinion field, refer to semi-finished dishes that are prepared in advance and can be eaten simply by heating or frying later.

Precast dishes have been blown to the air, and "kitchen black holes" have found "spring" for cooking, but some people have a slight complaint — — This kind of fast food, which runs counter to the traditional eating habit of focusing on freshness, will eventually make Chinese food lose its soul and change the taste buds of Chinese.

When consumers feel that life is surrounded by something, capital with a keen sense of smell must have swarmed, just like prefabricated dishes.

There is no doubt that in the past two years, the industry of prefabricated vegetables has really caught fire. According to NCBD data, in 2021, the scale of the prefabricated vegetable industry will exceed 300 billion [1], and even some institutions predict that it will be a trillion-dollar track [2].

Among the players in the pre-cooked food track, whether they are cooking home-cooked dishes, focusing on vegetables, focusing on seafood, western food or hot pot and other special dishes, or even doing supply chain, they are all favored by investment institutions.

According to our statistics, from 2021 to the first half of 2022, there were at least 56 investment and financing events of prefabricated vegetables, accounting for 17% of the 334 public financing events in the catering industry during the period [3] [4].

Among them, tens of millions of levels of financing are the mainstay, but there are also billions of dollars in business. For example, in March of this year, Lu Zhengyao, who left Ruixing, participated in the establishment of the Tip of the Tongue Hero, and received 1.6 billion Series B financing [5].

In January of this year, the Tip of the Tongue Hero was officially launched, claiming that it would open 5,000 stores this year. Although there were only over 400 stores in July, people from all walks of life always paid close attention to whether the Tip of the Tongue Hero could become a lucky star in the catering industry [6].

According to the statistics of China Chain Store & Franchise Association, the amount of financing flowing into the prefabricated vegetable industry in the past year and a half can account for 10% of the financing amount of the catering industry [7]. "Prefabricated dishes" can also be compared with "meta-universe" and "carbon neutral", and together with them, it will become the most concerned track for investment institutions in the first half of 2022 [8].

Capital is willing to invest, and provincial policies are also overweight. Under such a good environment, there are more players on the track, and the start-ups, transformations and cross-border competitions are on the same field. By April 2021, Weizhixiang was listed, and the "first stock of prepared vegetables" in A shares successfully ran out.

In the year of 2021, Weizhixiang achieved revenue of 765 million yuan, up 23% year-on-year, and at the same time, 133 million net profit was returned to the mother, up 6% year-on-year [9].

Making prefabricated dishes can really make money. In fact, Weizhixiang, whose market is concentrated in East China, has achieved double growth in revenue and net profit in recent years. In the first half of 2022, the operating income of Weizhixiang reached 378 million yuan, and the net profit returned to the mother increased by 14.58% year-on-year.

Like the tip of the tongue hero, Weizhixiang also focuses on retail channels. In the first half of 2022, there were 1,522 franchise stores and 645 cooperative dealers nationwide [10].

If you often go to the vegetable market, you may be familiar with Weizhixiang, because the retail channels of Weizhixiang are mostly distributed in various vegetable markets and farmers’ markets. It is in the vegetable market that the founders Xia Jing and his wife observed the pain points of office workers’ trouble in washing vegetables and made their fortune [11].

But at the same time, Wei Zhixiang is also trying to walk on two legs, expanding the business of wholesale and direct sales to catering enterprises, and selling half of the dishes to hotels, restaurants, etc. In the first half of 2022, the revenue of wholesale channels accounted for 26.35% [12].

This is because consumers’ buying habits of prefabricated dishes are still in the training stage, but the use of prefabricated dishes in restaurants has already matured.

In recent years, prefabricated dishes have caught fire, and many people have also appeared in their homes. But in fact, prefabricated dishes have already "invaded" chain restaurants.

"28 separation" is the actual situation of this industry — — The ratio of B-end market to C-end market is about 8:2. According to China Chain Store & Franchise Association, at present, more than 85% of the sales channels of prefabricated vegetables are concentrated in B-end [7].

In other words, most of the prepared dishes flow to the central kitchen of the restaurant, and after being processed by the central kitchen, the prepared dishes in the form of semi-finished products continue to be delivered to various stores and finally delivered to the diners’ tables.

In 2020, 68.3% of the chain catering brands with more than 10 stores are already using the central kitchen [13].

In the survey of China Chain Store & Franchise Association, the proportion of prepared food in some head Chinese fast food companies can be close to 100%, such as Kungfu, while the proportion of prepared meals in Xibei Youmian Village and Xiaonanguo has reached more than 85% [7].

Moreover, compared with in-house food, take-away food is the growth soil of prefabricated dishes, and meals can be served simply by stir-frying, so merchants can not worry about overtime. The braised pork rice or pickled fish you ordered for lunch is probably a heated frozen fast food.

Pre-cooked dishes, a standardized product, are a perfect match with chain restaurants that pursue scale and take-away industries that pursue timeliness. The chain rate of restaurants in China is increasing, and the proportion of online take-out industry in the catering industry will reach 21.4% in 2021.

It can be predicted that as chain restaurants and takeout become more and more common, diners will be more likely to eat prefabricated dishes.

Why are prefabricated dishes so popular with chain restaurants? The reason is that prefabricated dishes can help them achieve "reducing costs and increasing efficiency".

Through the central kitchen, we can ensure the uniformity of products and reduce the risk of quality control, and the speed of eating will be accelerated, and we can entertain more guests in fixed business hours, and the revenue will naturally increase.

On the other hand, using prefabricated dishes, the kitchen in the back of the store heats it up and simply stirs it, which eliminates the need for chefs to operate, and the required manpower is also reduced, which greatly saves labor costs.

According to the calculation of China Chain Store & Franchise Association, the labor cost of restaurants will be reduced from 22% to 10% before and after using prefabricated dishes. Although the cost of raw materials will increase to some extent, the overall profit will still increase.

If it is a takeaway, the kitchen area can be further reduced and the rent cost can be lowered.

High rent and high labor are two big problems in the catering industry, both of which are solved by prefabricated dishes.

No wonder jian li, the founder of Xin Spicy Road and the chairman of Xinliangji, published bold opinions on his short video account that "in the next 10 years, 90% of chefs will be killed by prepared dishes" and "in the next 10 years, 90% of restaurants must use prepared dishes" [14].

Under the domination of assembly line production, the role of Chinese chefs has indeed been greatly reduced. If the taste is good, the power will be vested in the preparers of prefabricated dishes, and only a small number of chefs can get this "honor", while a large number of ordinary cooks know how to turn on and off the fire.

China Newsweek once reported that a 45-year-old skilled chef lost his job because his owner chose a new location in a shopping mall that restricted the use of open flames. "It may only take two minutes to heat up the prefabricated material package in 5 yuan and sell it in 25 yuan. From this point of view, the boss really doesn’t need to raise me again "[15].

Catering enterprises reduce costs and increase efficiency, but consumers are not willing — — Isn’t it the original intention of us to go to the restaurant all the way to eat the fresh and hot dishes cooked by the chef, even if there are occasional flaws?

The taste of the prepared dishes is mostly the same, and diners eat too much, and they slowly taste the clues.

In the first half of this year, "the use of prefabricated dishes in take-out and in-house meals without telling customers" became a widely complained problem, and the China Consumers Association criticized it by name, pointing out that it damaged consumers’ right to know and choose [16].

In August this year, CCTV’s Tianxia Finance reported that over 80% of chain restaurants in Guangzhou use prefabricated dishes [17], while in Shanghai, the users of prefabricated dishes even include Michelin restaurants [18].

After hearing this, a group of gourmets were thunderstruck, and related topics on social media were filled with their anger and disappointment.

The hottest controversy is that "prefabricated dishes unify the taste of restaurants". As prefabricated dishes continue to "invade" restaurants, different restaurants taste the same and have no pot gas.

Some people accuse restaurants of eating too ugly, and consumers pay the price of fried food. As a result, they get cheap fast food on the heating line, which is obviously unacceptable to consumers.

Indeed, if you go out for a meal, you can’t eat fresh ingredients and the chef’s unique skills. Anyone feels that he is a "big injustice". To suffer such a crime, it is better to order takeout or make instant noodles by himself.

When it comes to family use scenarios, solitary people who have "one person to eat" are too lazy to cook or young couples who "support their feet" want to eat some new tricks, and they may not be able to make cheap, delicious and relatively healthy meals with the help of prefabricated dishes.

They are not cheap — — Over 70% of consumers will choose to buy pre-cooked dishes above 21 yuan, and more than 14% will spend more than 40 yuan.

And they may not be so healthy — — A 258-gram prefabricated dish contains more than 2600 mg of sodium, which is too high [19].

Of course, these security risks may be solved with the improvement of industry norms, and the categories and tastes of high, medium and low-end markets will be richer and the prices will be more reasonable.

The emergence of prefabricated vegetables is the product of market demand, and the pace of life in modern society is fast. It is really convenient for many "workers" who don’t have enough time to wash vegetables, chop meat and marinate for seasoning.

However, it has always been lamented that when one day, the family kitchen is deeply invaded and the catering industry is heading for assembly line production in an all-round way, private and fresh delicacies will decline, and the "mother’s taste" will be nowhere to be found. The non-standardized and attractive Chinese food has also been eroded by industrial civilization.

No one hopes that the next "eat drink man woman" will not have the eighteen martial arts of steaming, frying, boiling, stewing and stewing, which are pleasing to the eye of Lao Zhu, but only the fancy way of tearing the packaging bag of prefabricated vegetables; Or the next "Gourmet" doesn’t have golden wisps of Buddha clothes, roasted geese in Gankun, and ecstasy rice, but only pre-made barbecued pork rice with heating time in place.

References:

• [1] Dining Collection. (2021). 2021— 2022 China Prefabricated Vegetable Industry Development Report.
• [2] Ai Media Consulting. (2022). Research Report on the Development Trend of China Prefabricated Vegetable Industry in 2022.
• [3] Dining Collection. (2022). 2021— Investment and Financing Report of China Catering Industry in 2022.
• [4] Dining Collection. (2022). Panoramic development report of China catering industry in 2022. Retrieved 15 September 2022 from https://www.foodaily.com/articles/28152..
• [5] Gao Huichao. (2022). Trillion prefabricated dishes ③ | Prefabricated dishes usher in a high-light moment, and in the future, enterprises will pay more attention to "basic skills. Retrieved15 September 2022 from http://www.21jingji.com/article/20220915/Herald/A0114D2B4959E192B4E38"
• [6] Liang Pan. (2022). The first store closed, the franchisee was exposed to losses, and the tip of the tongue hero failed to cut into the prefabricated dishes? . Red Meal Industry Research Institute. Retrieved 15 September 2022 from https://mp.weixin.qq.com/s/2Jc_ZIBAr7Y2VxFGIHpaSA.
• [7] China Chain Store & Franchise Association. (2022). 2022 China Chain Restaurant Industry Report.
• [8] China Investment Research Institute. (2022). VC/PE report for the first half of 2022.
• [9] Taste knows fragrance. (2022). 2021 Annual Report.
• [10] Open source securities. (2022). Weizhixiang: The epidemic situation is slightly disturbed and the multi-channel layout has great potential — — — Company information update report.
• [11] Zhang Qi. (2022). In-depth analysis of "the first stock of prefabricated vegetables": starting from selling vegetables, the annual revenue has exceeded 700 million yuan. Red Food Industry Research Institute. Retrieved 3 October 2022 from https://mp.weixin.qq.com/s/_sPZzyOM0ZiSA5wJUDFhQg..
• [12] Taste knows fragrance. (2022). Announcement of main operating data for the first half of 2022.
• [13] China Hotel Association. (2021). China catering industry annual report.
• [14] jian li. (2022). Within 10 years, catering prefabrication is bound to be a trend. Tik Tok. Retrieved 3 October 2022 from https://v.douyin.com/6wpr6yc/..
• [15] Hu Kefei. (2022). Chefs disappear in the kitchen. China Newsweek. Retrieved 15 September 2022 from http://www.inewsweek.cn/viewpoint/2022-01-10/14884.shtml..
• [16] China Consumers Association. (2022). Analysis of complaints received by the National Consumers Association in the first half of 2022. China Quality News Network. Retrieved15 September 2022 from https://www.cqn.com.cn/ms/content/2022-08/03/content _ 8847697.htm.
• [17] CCTV. (2022). Guangzhou, Guangdong: The proportion of prefabricated dishes used in chain restaurants is over 80%. Retrieved 15 September 2022 from http://tv.cctv.com/2022/08/05/Videjn1unhd39K281WKNK6J220805.shtml. 。
• [18] Shanghai Legal News. (2022). Looking for "pot gas" in the restaurant, even the Michelin restaurant is full of prefabricated dishes? Retrieved 15 September 2022 from https://mp.weixin.qq.com/s? __biz=MzA5MzUwOTYzNQ==&mid=2649783388&idx=4&sn=6880b45d382ef1f20b7f354a2df03f3b.
• [19] CCTV. (2022). Yunnan: Precast dishes go to the table, and doctors warn against excessive sodium. Retrieved 15 September 2022 from https://tv.cctv.com/2022/09/05/Videllwoofjcigwiy 3UV7H5n220905.shtml. 。

"Tired, have a rest."

In Chengdu Qingbaijiang Micro-products Liandahai Industrial Park, truck driver Ye Qinghua took advantage of the cargo gap and walked into the 24-hour "rest station". The temperature in the station is suitable, and the facilities and equipment are readily available. Ye Qinghua opened the refrigerator, took out a bottle of frozen mineral water and gulped it down. "It’s very convenient here. The canteen next door also provides meals of 2 meats, 2 vegetarian dishes and 1 soup. You can eat them for free by scanning the code."

Qingbaijiang is the seat of Chengdu International Railway Port, and the trains between China and Europe (Chengdu and Chongqing) are galloping, attracting many modern logistics enterprises to settle down and simultaneously expanding the group of truck drivers. As one of the busiest logistics industrial parks in Chengdu, Dahai ranks first in the city in terms of storage capacity, distribution capacity and truck flow. Every day, thousands of trucks loaded with goods come in and out from here, transporting tens of thousands of tons of goods between Chengdu and other cities.

The "rest station" in Chengdu Qingbaijiang Dahai Industrial Park. Photo courtesy of Dahai Industrial Park

In view of the characteristics of large mobility and scattered aggregation of truck drivers. In 2022, Dahai Industrial Park opened the "Rongouyi Warm Heart House", which provided one-stop services such as parking and maintenance to meet the needs of truck drivers who want to "drink hot water, eat hot meals, take a hot bath and sleep well". Last year, combined with the business model of truck drivers in the park, Dahai Industrial Park launched several "rest stops", with air conditioners, televisions, water dispensers, recliners, books and newspapers, which further upgraded the service model of "Warm Heart Home". According to Li Lianglun, director of Chengdu Dahai Comprehensive Management Department, after the launch of the "rest station", truck drivers use the station service more than a thousand times a month.

The "rest post" has perfect internal functions and facilities. Photo courtesy of Dahai Industrial Park

Since 2021, Sichuan has explored a new path of high-quality development of the industry with "wheel party building", and innovated to create an upgraded version of the driver’s home-the "warm-hearted home" for truck drivers. At present, 26 related points have been built. According to the person in charge of the Sichuan Provincial Department of Transportation, the "Warm Home" is laid out along highways, ordinary national and provincial roads, logistics parks and inland ports in the province. According to the plan, 37 "Warm Home" points will be built in Sichuan before 2025, realizing full coverage of the main freight logistics channels in the province. On the basis of broadening the points, more considerate services are also being launched.

Jintang Service Area of Chengde South Expressway has established the first "warm-hearted home" for truck drivers in the province. In the "warm-hearted home", the laundry and drying area, shower area and kitchen area are well-equipped, providing drivers and passengers with services such as bringing their own bedding to stay at the minimum of one yuan, and the "one meat and two vegetables" box lunch sold in the service area is at the minimum of ten yuan, striving for convenience and practicality.

"This is the warm home of our truck driver."

"The space is clean, the service is good, the bath is very comfortable, and the mood of the sports car is good."

……

On the register of "Warm Heart House", the truck driver expressed his affirmation of this service through a series of real messages.

On this basis, in 2023, the Jintang service area of Chengde South Expressway launched the Warm Heart Health Service Station, which opened up a safe, healthy and green rescue channel to provide health promotion, emergency rescue and safety guarantee to the drivers and passengers in the past service areas.

Warm Heart Health Service Station is equipped with automatic external defibrillator (AED), sphygmomanometer and standing medicine box. Jintang Service Area, in conjunction with county transportation department and health department, has opened a medical green rescue channel nearby and provided a special telephone for green rescue. In case of emergency, the service area staff can contact the local hospital ambulance personnel and quickly link to medical resources, so that the drivers and passengers who are in urgent need of treatment can get the most timely and fastest medical treatment.

Warm heart health service station in Jintang service area of Chengde South Expressway. Photo courtesy of service area

In January of this year, Ms. Wang, a driver and passenger, was sent to the post station by her friends because she was flustered, short of breath and weak. In the post station, the staff gave Ms. Wang a simple care and contacted the hospital through the emergency phone. It took only 14 minutes. The ambulance arrived at the post station and transferred Ms. Wang to the hospital for treatment.

"The service station is committed to rapid discovery, timely treatment and effective treatment of patients, and provides a safe and healthy travel service experience for drivers and passengers in all directions." According to Yue Dongxue, director of Jintang Service Area of Chengde South Expressway, in the early stage, they conducted emergency rescue skills training to improve the self-help and mutual rescue ability of the service area in response to emergencies and accidental injuries. It is convenient for rapid discovery, timely treatment and effective treatment of patients. "Provide a safe and healthy travel service experience for drivers and passengers in all directions." She said.

() The business review of the Board of Directors in 2021 is as follows:

　　I. The industry in which the company is located during the reporting period.

(I) General situation of the development of the company’s industry

According to the National Economic Industry Classification (GB/T4754-2017), the poultry slaughtering and processing business of the company belongs to the "C1352 poultry slaughtering" industry under "C135 slaughtering and meat processing"; The company’s feed production and sales business belongs to the "C1329 Other Feed Processing" industry under "C132 Feed Processing"; The sub-industry of the company’s commercial poultry seedling incubation and sales business is "A0531 Animal Breeding Activities" under "Animal Husbandry Professional and Auxiliary Activities"; The company’s production and sales of cooked food and conditioning products belong to the sub-industry of C1353 meat products and by-products processing under C135 slaughter and meat processing.

According to the Guidelines for Industry Classification of Listed Companies issued by China Securities Regulatory Commission, the company belongs to "C13 agricultural and sideline food processing industry".

According to China Poultry Industry Development Report, the poultry industry is a livelihood industry involving many farmers, which plays an important role in meeting the needs of residents for animal protein, ensuring the stable supply of major poultry products, increasing farmers’ income and actively participating in international competition. Since the reform and opening up, China’s meat and poultry industry has developed by leaps and bounds, forming a complete industrial system from breeding and commodity breeding in the upper reaches, slaughtering and processing in the middle reaches, and food production in the lower reaches. According to the Statistical Bulletin of National Economic and Social Development issued by the National Bureau of Statistics over the years, the output of poultry meat in China increased from 17.51 million tons to 23.8 million tons from 2014 to 2021.

With the rapid growth of the overall scale of the industry, all links have also achieved different degrees of development: in terms of upstream poultry breeding, under the policy, domestic enterprises have made a series of breakthroughs through technology introduction or self-research, gradually breaking the situation that some great-grandparent poultry breeds were completely monopolized by foreign companies in the past; In terms of commercial poultry breeding, with the changes of market supply and demand and competition pattern, the proportion of large-scale breeding has gradually increased. At the same time, the feed industry supporting breeding poultry and commercial poultry breeding is also maturing. According to China Feed Industry Yearbook and National Feed Industry Development Survey, China’s annual output of meat poultry feed is 89.096 million tons in 2021. In the poultry slaughtering and processing industry in the middle reaches, as a link between the preceding and the following in the industrial chain, the production efficiency has been continuously improved. On the one hand, the matching with the main breeding areas is more perfect, on the other hand, the ability to respond to the individual requirements of different specifications, locations, time and dosage in the lower reaches has been gradually improved, and industrialization and scale have developed rapidly. In the downstream cooked food processing industry, the development of cooking technology and consumption scenarios are constantly enriched, and the product categories are constantly innovating. National brands have emerged in individual segments.

From the product structure, poultry meat mainly includes chicken and duck. At present, the share of chicken meat in China’s market is relatively high, and the share of duck meat is constantly increasing. According to the data of China Poultry Industry Development Report, the total output of duck meat in 2020 will be 10,938,000 tons (including 9,280,400 tons of white feather duck). Compared with livestock meat, poultry meat has higher protein content and nutritional value, and lower fat and carbohydrate content. Processed poultry meat products become instant food that can be eaten directly, and more and more become an indispensable table and snack food in people’s lives.

(II) Overview of the industry in which it is located during the reporting period

Influenced by the change of supply and demand, feed price and epidemic situation, the prosperity of poultry industry presents certain fluctuation characteristics.

During the reporting period, the epidemic situation at home and abroad was repeated, and due to extreme weather and other factors, the price of grain rose sharply, the prices of feed raw materials such as corn and soybean meal continued to be high, and the breeding cost continued to rise; At the same time, during the reporting period, the downward price of pork and the huge supply of pork in the market brought great challenges to the meat market.

(III) The development trend of the industry in which the company is located

1. Food safety concerns are constantly improving.

With the rapid development of the global economy, the improvement of people’s living conditions and the continuous spread of manufacturing technology, the scale of food production continues to expand, showing a vigorous development momentum. While the demand for food is growing steadily, the global food safety problem has also become a hot spot of social concern. In China, since 2004, the relevant government departments have revised or promulgated the Food Safety Law of People’s Republic of China (PRC), the Regulations on the Administration of Veterinary Drugs, the Regulations on the Administration of Feed and Feed Additives, and the Regulations on the Prevention and Control of Pollution in Large-scale Livestock and Poultry Breeding, which reflects that the state has paid more and more attention to food safety issues, and the supervision and punishment for food safety violations are gradually increasing.

Under the background of increasing attention to food safety, China’s food safety traceability system is gradually being established and improved.

2. There is huge market space for poultry consumption growth.

Although the total consumption of poultry meat in China keeps increasing, there is still a big gap between the per capita consumption and that of developed countries and regions. According to the data of the National Bureau of Statistics, the total population of mainland China was 1,412.6 million in 2021. According to the calculation that all the poultry meat produced in 2021 was digested in China, the annual consumption of poultry meat per capita in China was only 16.85 kg.

According to the statistics of the website of the US Department of Agriculture, the annual per capita poultry meat in the United States has exceeded 60 kilograms, which is much higher than the consumption level in China. In addition, with the changes of meat demand and supply structure, consumption concept and consumption habits, China’s meat consumption structure will gradually change from traditional to convenient and fast, from pursuing quantity to pursuing health, individuality, youthfulness and functionality, the proportion of poultry consumption will be further improved, and the structural pattern of pork share will change. In 2021, the total output of pork in China was 52.96 million tons, exceeding the total output of poultry meat. In the United States, however, the output of poultry meat is close to that of pork. Compared with the United States, there is still much room for improvement of poultry in China.

3. The consumption of duck meat will further increase.

First of all, duck meat has extremely high nutritional value. According to the second edition of China Food Composition Table, the content of vitamin A in duck meat is 2.5-7 times higher than that of pork, beef and mutton, and the content of iron is significantly higher than that of pork and chicken. Every 100g of edible duck meat contains 9.3g of monounsaturated fatty acids, accounting for 50% of the total fatty acids, which is significantly higher than that of other meats, while the proportion of saturated fatty acids is 30%, which is lower than that of other meats, and is beneficial to enriching blood and maintaining the health of eyes, nose and mouth mucosa. Secondly, duck meat occupies an important position in China’s food culture. In recent years, consumption scenes are constantly enriched, and consumption areas are constantly expanding, including not only cooking in traditional catering channels, such as roast duck, salted duck and duck blood vermicelli, but also the proportion of leisure consumption is constantly increasing, and preserved fresh and packaged marinated products are constantly emerging. The change of market positioning has also made consumers pay more attention to duck products, and industry operators have further studied the market development methods, and the consumption of duck meat will be further improved.

4. The proportion of large-scale farming has been further improved.

Compared with small-scale free-range farming, large-scale farming has the advantages of high production efficiency, high standardization and easy management. In recent years, the upstream aquaculture end of the industrial chain, especially commercial poultry farming, has evolved from small-scale free-range farming to large-scale and standardized farming, and the degree of large-scale production has been continuously improved. According to the third national agricultural census in 2017, the stock of poultry farming in China accounted for 73.9%. However, compared with developed countries and regions, the scale of poultry breeding in China is still at a low level. According to the data of the 2017 agricultural census in the United States, the number of farms with 10,000 or more chickens in the American broiler breeding industry accounts for 97.1%. Therefore, there is still room for the scale development of poultry breeding in China.

5. Industrial chain integration has become an important direction of industry development.

With the help of capital, technology, scale and other advantages, some advantageous enterprises gradually extend to other links in the industrial chain, or directly build a production system with a full cycle of the whole industrial chain, or first form a diversified production enterprise with multiple links and businesses in the industrial chain to stabilize the performance fluctuations of different sectors and maintain the competitive position in the market. Industrial chain integration will become an important direction of industry development.

(IV) The position of the company in the industry

After years of development, the company has become a leading poultry food enterprise in China, and its main business mainly covers four business sectors: poultry slaughtering and processing, feed production and sales, hatching and sales of commercial poultry seedlings, and production and sales of cooked food and conditioning products.

From 2018 to 2021, with the total poultry meat market increasing year by year, the company’s poultry meat product output grew at a faster rate than the industry growth, and its market share increased from 4.38% to 5.52%, further consolidating its position in the industry. At present, the company is the executive chairman unit of Baiyu Meat Duck Working Committee of China Animal Husbandry Association, the vice chairman unit of Waterfowl Branch of Shandong Animal Husbandry Association, the executive director unit of Shandong Meat Association and the vice chairman unit of Shandong Feed Industry Association, and has won many honors such as National Key Leading Enterprises in Agricultural Industrialization, Top 20 Enterprises in Agricultural Products Processing Industry in Jiangsu Province, Provincial Key Leading Enterprises in Agricultural Industrialization in Jiangsu Province, Advanced Enterprises in China Meat Food Industry in 2021 and Most Valuable Brand in China Meat Food Industry in 2021.

The company has obtained the certification of Hazard Analysis and Critical Control Point (HACCP) in GB/T 27341-2009, the certification of food safety management system in GB/ T 22000-2006/ISO 22000: 2005 standard GB/T 27303-2008 and GB/ T24001-2016 IDT ISO 14001: 2015 Environmental Management System Certification Certificate, etc., has a good quality control system, serves more than 2,000 high-quality customers across the country, and has become the flagship product of new retail such as Ding Dong’s grocery shopping and box horse fresh food, an important partner of large-scale catering such as Haidilao and Pizza Hut, and meets a large number of stable demands of well-known brands such as Anjing, Shuanghui, Zhou Heiya and Juewei.

In the future, with the gradual production of the company’s initial public offering and investment projects, it will help the company’s market share to be further enhanced and its comprehensive competitiveness will be further enhanced.

II. Main businesses of the Company during the reporting period

The company shall comply with the disclosure requirements of "business related to food and wine manufacturing" in the Guidelines for Self-regulation of Listed Companies of Shenzhen Stock Exchange No.3-Disclosure of Industry Information, and the company shall comply with the disclosure requirements of "business related to livestock and poultry and aquaculture" in the Guidelines for Self-regulation of Listed Companies of Shenzhen Stock Exchange No.3-Disclosure of Industry Information.

(I) Overview of the company’s main business

The company is a leading poultry food enterprise in China. During the reporting period, the company’s main business scope mainly covers many links in the industrial chain of meat and poultry industry, mainly including four sectors: poultry slaughtering and processing (hereinafter referred to as "slaughtering sector"), feed production and sales (hereinafter referred to as "feed sector"), commercial poultry seedling incubation and sales (hereinafter referred to as "breeding sector"), and production and sales of cooked food and conditioning products (hereinafter referred to as "cooked sector").

(II) Introduction of the company’s main products

During the reporting period, the main products of the company’s business segments include: slaughter segment: slaughter business is engaged in the slaughter and segmentation of meat ducks and broilers, in which duck products mainly include duck neck, duck head, duck breast, duck wings, duck legs, duck feet, duck gizzards and duck blood; Chicken products mainly include chicken breasts, chicken legs, chicken wings and chicken feet.

Feed plate: feed business is to produce and sell feed, and the main products include duck feed and chicken feed.

Poultry breeding plate: the poultry breeding business is the production, incubation and sales of commercial substitute chickens and ducks, and the main products include commercial substitute ducks and chickens.

Cooked plate: Cooked business includes prepared products and cooked food business. Among them, the cooked food business mainly operates "Aiya" brand marinated food, and its main products include leisure marinated food such as duck neck, duck collarbone, duck paw and duck wings. According to the product form, it is divided into two categories: fresh products and packaged products; The business of conditioning products is mainly to produce and sell conditioning products. The main products include more than 100 kinds of conditioning products such as curing, cooking, frying and smoking.

(III) Main performance drivers

1. The industry demand is improving.

White meat, such as poultry meat, has the health attributes of high protein and low fat content. With the changes of meat demand and supply structure, consumption concept and consumption habits, China’s meat consumption structure will gradually change from traditional to convenient and fast, from pursuing quantity to pursuing health, individuality, youthfulness and functionality. The proportion of poultry meat consumption will be further improved, and the structural pattern of pork share will change, so China’s poultry has a greater room for improvement.

In recent years, the modern catering service industry represented by chain restaurants has developed rapidly. Because of the higher standardization, lower cost and stronger processing properties of poultry meat, catering channels are more willing to use poultry meat as meat raw materials to a certain extent, which promotes the growth of poultry meat consumption.

2. Integrated layout of industrial chain

During the reporting period, the company’s main income and profit came from poultry slaughtering business. For the slaughtering meat processing industry, its operation is closely related to the fluctuation of upstream aquaculture, so the integrated layout is particularly important. On the one hand, the integrated layout can effectively reduce the transaction costs of all links in the industrial chain and improve the overall profitability of the company. On the other hand, the integrated layout can effectively stabilize the fluctuation of the cycle, especially in the field of deep processing. Because it includes processing value-added and brand premium, the gross profit margin is generally higher. Now, the company has completed the multi-link layout of the meat and poultry industrial chain. In the future, the company will continue to strengthen the weak links in the downstream of the industrial chain, further increase the proportion of high value-added products, and further enhance its competitiveness by taking advantage of the integration of the industrial chain.

(4) Business model

The company’s main business mainly covers poultry slaughtering and processing, feed production and sales, commercial poultry seedling incubation and sales, and the production and sales of cooked food and conditioning products. In terms of operation and management, on the one hand, all sectors are independent of each other and have the ability to operate independently; On the other hand, because they belong to the industrial chain of the meat and poultry industry, there is a certain degree of upstream and downstream linkage between the business sectors. By well managing the upstream and downstream linkage of the industrial chain, the efficiency of the industrial chain can be improved, and the company can obtain higher synergistic benefits, thus effectively resisting the business risks of a single business link in the industrial chain.

1. Purchasing mode

(1) Slaughtering plate

Raw materials for slaughter business are hairy ducks and chickens, and the company mainly adopts breeding contract procurement mode to meet the needs of slaughter business. Under the breeding contract procurement mode, the company first signed the "Duck/Chicken Procurement Framework Contract" with the breeding owners; Subsequently, the companies in the slaughter plate signed batch contracts with the aquaculture owners according to the annual production plan.

Breeding owners need to breed in accordance with the breeding terms agreed in the Purchase Framework Contract for Hairy Duck/Hairy Chicken and the batch contract, and the companies in the slaughter plate purchase the hairy duck or the hairy chicken according to the price settlement formula agreed in the batch contract. The company mainly purchases from aquaculture owners near the company’s slaughter line.

(2) Feed plate

The raw materials purchased for feed business are mainly corn and soybean meal. The mode of feed business procurement is centralized inquiry procurement and personalized customization. Centralized inquiry procurement is mainly aimed at raw material varieties (corn and soybean meal) with large usage, which are mainly purchased from bulk raw material suppliers or grain and oil enterprises. Personalized customization refers to some by-products of corn and wheat, etc. The company negotiates and purchases with partners according to the feed formula.

(3) Poultry plate

The company’s poultry breeding business mainly purchases parents’ seedlings (parents’ ducks and parents’ chickens) and feed.

The procurement mode of the company’s parents breeding duck chicks and parents breeding chicken chicks is the introduction plan mode. Under the introduction plan mode, the purchase quantity is arranged according to the production plan. According to the production capacity provided by the production department, the production department shall submit the overall procurement plan and batch procurement plan for the next year before the end of December each year, and the procurement department shall sign a letter of intent with the supplier after it is approved by the procurement leading group of the poultry platform. On the basis of the annual overall procurement plan, the procurement department arranges the procurement in batches according to the annual production plan, and signs specific procurement contracts with suppliers. Under normal circumstances, the seedling purchase contract is signed within 2 months before the specific introduction of duck seedlings; Chicken seedlings shall sign a seedling purchase contract within 1 month before the specific introduction.

At present, the purchase mode of the feed that parents need for breeding poultry on the poultry breeding platform is mainly internal quantitative purchase. Under the internal quantitative purchase mode, the purchasing department of the poultry breeding platform directly signs a feed purchase contract with the feed sector subsidiary according to the production plan to ensure a long-term and stable supply of feed, and purchases once every 3-4 days on average.

(4) Cooked plates

Raw materials purchased by cooked food and conditioning products business mainly include raw meat and accessories. The purchase mode of raw meat used in the production of cooked food and conditioning products business is mainly internal quantitative purchase; For some raw meat and accessories, the procurement mode is mainly external inquiry procurement. Under the internal quantitative procurement mode, the purchasing department of cooked food and conditioning products directly purchases raw meat from the companies in the company’s slaughter plate according to the production plan to ensure the high quality and stable supply of raw meat. In principle, it purchases daily. Under the external inquiry purchasing mode, the purchasing department selects the appropriate suppliers for inquiry, price comparison and negotiation according to the materials requested by the production department, and finally signs a purchase contract, and makes an average of 1-4 purchases per month according to different categories of materials requested.

2. Production mode

The company’s main business includes slaughter, feed, poultry breeding and cooked food. At present, the main production mode is independent production. Due to the gradual production of Shandong Yixing Agriculture and Animal Husbandry, Mengyin Jinjiyuan and Mengyin Kangyu subsidiaries, the egg production capacity is gradually released. In order to ensure the timely supply of farmers’ orders and solve the problem of tight hatching capacity when eggs are produced centrally, the company’s poultry plate has some entrusted hatching business. During the cooperation, the company managed the whole process in the aspects of trustee selection, incubation standards and acceptance and warehousing, and there were no major quality problems of chickens and ducks during the reporting period.

3. Sales model

(1) Slaughter plate: The customers of the company’s chicken products and duck products include direct selling customers and distribution customers. Direct sales customers, mainly Zhou Heiya, () and Shuanghui Fa.

Zhandeng Distribution customers, mainly the company’s dealers and supermarkets.

(2) Feed sector: The company’s feed business mainly sells feed directly to breeding companies or owners.

(3) Poultry breeding plate: The company’s poultry breeding business mainly sells commercial substitute chickens and ducks directly to breeding companies, owners or enterprises in the same industry.

(4) Cooked plate: The cooked food business mainly adopts the sales mode of franchise chain and OEM, and a few packaged goods pass through terminal supermarket stores (supermarket suppliers).

And online e-commerce sales; The customers of the company’s conditioning products include direct selling customers and distribution customers. The direct selling customers are mainly catering industry, and the distribution customers are mainly wholesale and supermarket suppliers.

Third, the core competitiveness analysis

1. China is a large-scale poultry food leading enterprise with obvious scale advantages.

Yike Food is one of the large-scale agriculture, animal husbandry and food enterprises in China. Based on the advantages of capital, technology and scale, the company has become a leading poultry food enterprise in China, with significant scale advantages.

With the increasing attention of the country and people to food safety, the standards of food hygiene and animal and plant inspection and quarantine are gradually improved. As a large-scale enterprise with multiple business links, the company can implement the whole process control of food safety in feed production, slaughtering and food processing, and effectively detect and technically control epidemic diseases and product quality and safety.

As one of the fastest growing and most efficient enterprises in the poultry industry in China, the company will continue to consolidate its market position in the next three years, and maintain and strengthen its scale advantage by strengthening its marketing ability and expanding its market share.

2. Outstanding quality and brand value, and continuous leadership.

The company attaches great importance to product quality and has a good quality control system. Based on the company’s good product quality, the products produced by the company have high popularity and reputation in the whole industry, and thus a relatively complete enterprise sales network is established, with long-term cooperative dealers and stable consumer groups. At present, the company has been recognized by many large-scale partners in the market, and it is the main product of new retail such as Ding Dong grocery, Boxed Ma Xiansheng, and an important partner of large-scale catering such as Haidilao and Pizza Hut, and meets a large number of stable demands of well-known brands such as Anjing, Shuanghui, Zhou Heiya and Juewei, benefiting customers with excellent brand ability, channel development and compounding ability, and promoting the company’s new round of profitability improvement.

3. Market competitive advantage: the industrial structure layout with great tension.

Yike Food’s main business covers many links in the industrial chain of meat and poultry industry, among which poultry slaughter business occupies a major position, and slaughter processing is a key link in the transformation from means of production to commodities. With the advantage of slaughter, the upstream (feed, seedlings, breeding, etc.) can be integrated, the quality can be improved and the cost can be reduced, and the market side can develop the deep processing business of conditioning products and cooked food with the help of channel advantages, thus improving the company’s gross profit.

At the same time, the regional layout of Yike industry follows the principle of "being close to the market and resources", while Shandong and Jiangsu are the dominant producing areas of China white feather meat poultry. Yike base radiates the three most important market areas in China, namely, Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta, with obvious geographical advantages.

4. Experienced founding team and talent advantages

The management has worked in the meat and poultry industry for more than 15 years on average, and has rich industry experience and profound industry insights. They not only have strong ability to grasp market opportunities and adapt to market changes, but also have good foresight on the market development trend of the meat and poultry industry. In addition, through years of accumulation, the company has also trained a large number of junior and middle-level management cadres in slaughter processing technology, feed formula technology, breeding technology, disease prevention technology, conditioning and cooked food processing technology, information technology and marketing. Through organic coordination and running-in collocation, all kinds of outstanding talents make the company’s comprehensive management level get the maximum play.

5, always committed to the development strategy of industrial technology research and development and application.

As a leading growth enterprise in agriculture, animal husbandry and food industry, Yike Food conforms to the development of national agriculture and science and technology strategy, meets consumers’ growing expectations for food safety, health and speed, and meets customers’ demand for efficient and stable supply chain. The company attaches importance to driving enterprise development with scientific and technological innovation, and lists "science and technology benefiting customers" as a major development strategy. Great achievements have been made in intelligent breeding, genetic breeding, modern equipment, safety traceability system construction, pollution control of livestock and poultry breeding, technical system construction of waterfowl industry, etc. It has successively won many national, provincial and ministerial honorary titles such as "National Demonstration Zone for Intelligent Breeding of Poultry" and "Demonstration Enterprise for Safe and Healthy Meat Food", and has established "National Engineering Laboratory for Pollution Control and Recycling Technology of Livestock and Poultry Breeding" and "Suqian Comprehensive Experimental Station for National Waterfowl Industrial Technical System". By the end of the reporting period, the company had 101 valid patents, of which 24 were invention patents, 73 were utility model patents and 4 were design patents.

Fourth, the main business analysis

1. Overview

During the reporting period, affected by the epidemic situation, the relationship between supply and demand, and the increase in food prices, the meat and poultry industry as a whole was relatively depressed. However, in the long run, with the changes of meat demand and supply structure, consumption concept and consumption habits, poultry meat will be favored by more and more consumers because of its high protein, low fat, low cholesterol and low calorie, and there will be greater room for growth in poultry meat consumption in the future.

Faced with the repeated epidemic situation at home and abroad and the complicated economic situation, all employees of Yike Food worked together in Qi Xin to overcome the difficulties and not be afraid of challenges, and the company as a whole maintained healthy and steady development. In 2021, the company realized an operating income of 16,414,226,300 yuan, an increase of 14.05% over the same period of last year; The net profit attributable to shareholders of listed companies was 117,135,300 yuan, down 18.75% from the same period of last year.

In 2021, in the face of the epidemic situation in COVID-19 and the complicated economic situation at home and abroad, the company actively responded to the national rural revitalization strategy, continued to promote scientific and technological innovation and healthy industrial development, and ensured the people’s consumption and supply of safe and healthy poultry products, and focused on the following aspects:

(1) The company always adheres to the business policy of "customer first, quality first", integrates the upstream and downstream of the industrial chain, continuously optimizes the resource structure, implements the brand promotion strategy, subdivides the market, and steadily increases the market share.

(2) The company’s new project, Shandong Zhongke Food Industrial Park Cooked Products Construction Project, expanded poultry cooked food project with an annual output of 20,000 tons, and Xuzhou Runke Food Co., Ltd.

Meat and poultry processing projects were completed and put into operation one after another in 2021, especially with the commissioning of two cooked deep processing projects, the company’s production capacity and delivery capacity of cooked food and cooked products in sauce and halogen products were greatly improved, and the ability to serve customers was also improved; In the future, with the release of production capacity of new projects, the company’s market share and market share will be further improved.

(3) During the reporting period, the company continued to push forward the strategy of "benefiting customers digitally" and further improved the company’s operational efficiency through digitalization of business and management.

(4) During the reporting period, the domestic epidemic situation was repeated and the situation was still grim. The company always paid attention to the epidemic situation. As an enterprise for ensuring people’s livelihood and supply, the company actively assumed the social responsibility of ensuring operation and supply, formulated emergency plans and production protection plans for epidemic prevention and control, increased the implementation of daily disinfection measures, and cooperated with local governments in epidemic prevention and control.

At the same time, ensure safe production and operation and stable supply of poultry meat market.

(5) Continue to develop the functions of education and scientific research, innovate the recruitment and training mode of talents through cooperation with scientific research institutes and universities, and create a model to attract and train outstanding talents.

Innovate the platform, improve the process ability and value creation ability of all links in the company’s value chain, and continuously enhance the company’s core competitiveness.

(6) During the reporting period, the key points and highlights of each link in the company’s industrial chain:

Breeding poultry plate: the construction of production technology system, the popularization and application of automation equipment at breeding poultry breeding end, and the production quality index is at the leading level in the industry; Feed sector: feed bulk raw material procurement ensures the quality and stable supply of feed bulk raw materials by deepening cooperation with large state-owned suppliers, and improves the quality and supply stability of OEM customized feed by cooperating with excellent enterprises; Slaughtering plate: In 2021, the production side further strengthened balanced production and regional coordination, and the overall balance, raw material supply coordination and order distribution efficiency improved significantly, the ability and speed of responding to the market improved significantly, and the quality and delivery capacity of products improved steadily; At the same time, through innovation and improvement, process standardization, research and development and application of automation equipment, process capacity and production efficiency have been significantly improved; The raw material side takes it as its responsibility to drive farmers to increase their income and get rich and help rural revitalization. Through the research, development, application and promotion of new technologies and equipment, it constantly breaks through the technical bottleneck of meat duck breeding; At the same time, actively explore a variety of ways to utilize manure resources, such as planting and breeding, and take the road of circular economy and ecological agriculture; Establish an effective fund guarantee and mutual assistance mechanism by using industrial finance and combining various cooperation modes.

Cooked plate: In 2021, the company gave full play to the advantages of the company’s industrial chain, guided by market demand, and relied on the advantages of existing channels to continuously strengthen the "business-research-production-sales" value creation process, keep up with the market demand, constantly innovate and enrich the research and development and production of cooked food and prepared products of sauce and halogen products, and carry out online and offline cooperation with e-commerce new retail formats such as () and Baicaowei, as well as "Love Duck" own brand franchise chain.

V. Prospect of the Company’s Future Development

(A) the company’s future development strategy

The company’s overall development strategy: based on the principle of "customer first, quality first", the concept of comprehensive digitalization and integrated operation logic and strategy, we will maintain growth, and at the same time realize the comprehensive improvement of product quality, service quality, management quality and talent quality, thus releasing production capacity and profitability.

(II) The company’s annual business plan for 2022

In 2022, under the leadership of the board of directors, the management of the company will seize the opportunity, focus on the development of its main business, improve its ability of continuous innovation, improve its management level, actively promote the business development and the growth of its operating performance, realize the sustainable development of the company, and focus on the following aspects:

1, comprehensive management system construction

In order to continuously meet the expectations and requirements of customers, investors and interested parties, and realize the long-term success of the company, Yike Food promotes the construction of integrated management system, continuously improves the functions of existing organizations according to the company’s medium-and long-term strategy, and focuses on process improvement, process standardization and top-down target task responsibility system operation, so as to enhance the efficiency of the whole value chain, build profitability and comprehensively improve the company’s operating quality.

2. Business plan

The company will focus on the development of its main business, expand its production capacity through the implementation of the initial public offering of shares, expand its production scale and strengthen its sales team through technological upgrading, and continuously increase its market share and consolidate its market position. At the same time, the company will continue to increase the proportion of high value-added channels, further increase the proportion of sales of cooked and customized fresh products, develop the market through innovative means and new products in market development, increase market share, and continuously optimize product structure and increase the proportion of mid-to high-end products, so as to continuously enhance the company’s profitability.

3. Brand plan

Brand strategy is a necessary condition for enterprises to achieve rapid development. The company will continue to improve the layout of marketing network, expand the marketing team, strengthen the depth and breadth of customer coverage, adjust the organizational structure and responsibilities in time according to business needs, deepen customer needs and enhance customer satisfaction; At the same time, through the rational allocation of market resources, we will create representative high-quality products and further enhance brand influence.

4. Talent plan

Doing a good job in human resources construction of the company is an important guarantee for the company’s strategy and business development. According to the needs of strategic development, the company will strengthen internet education, train, tap and improve the ability of employees, especially in the medium and long term, do a good job in building the team of four types of talents, such as breeding technical talents, automation technical talents, management talents and market development talents, and do a good job in pragmatic human resources foundation for implementing the company’s development strategy and development plan.

5, digital plan

In 2022, the company continued to list "digital benefits to customers" as a major development strategy. According to the company’s comprehensive management system, it closely integrated digitalization with management reform, business transformation and process reorganization, and guided by business needs, integrated processes with the Internet, comprehensively promoted the company’s digital transformation, provided informationization and networking support for the company’s overall operation, and provided long-term support for the company to realize business integrated information management.

6. Improve corporate governance.

The company will take the opportunity of initial public offering of shares and listing on the Growth Enterprise Market, strictly follow the requirements of the Company Law, Rules for Listing of Shares, Guidelines for Standardized Operation and other laws, regulations and normative documents, improve the construction of the company’s internal control system, continuously improve the corporate governance level, and form a corporate governance structure that performs its duties, restricts each other and regulates its operation; Promote the scientific and institutionalized decision-making on major issues; Strengthen information disclosure and investor relations management, improve the transparency of the company’s operation, and improve the company’s operation efficiency while improving the existing corporate governance structure.

(3) Possible risks and countermeasures

1, animal epidemic and other natural disaster risks

The company’s main business scope covers many links in the industrial chain of meat and poultry industry, and the epidemic situation of poultry animals is one of the main risks faced by the company in its production and operation. The impact of animal epidemics such as bird flu on the company is mainly reflected in:

(1) If a serious animal epidemic occurs in the surrounding area of the company or nationwide in the future, the poultry in the epidemic area will be destroyed, the supply of raw materials will be insufficient or the quality of raw materials will be damaged, and the price of raw materials will fluctuate greatly;

(2) The emergence of a large-scale epidemic will reduce the desire of end consumers to buy poultry meat, resulting in a decrease in the market demand for the company’s products;

(3) If an animal epidemic occurs in the company’s own subordinate farms, the company’s autotrophic poultry will be destroyed and the company will suffer asset losses.

In addition, if major natural disasters, such as severe climate change and insect pests, cause a large reduction in agricultural production, the costs of feed production and poultry breeding will rise sharply, and the company’s procurement costs will increase; Severe weather such as rainstorm, blizzard and hail will bring inconvenience to road transportation and increase the transportation cost of materials and products.

In recent years, the company has promoted large-scale and standard farms, equipped with specialized breeding technical service personnel, and strictly implemented epidemic prevention measures to help aquaculture owners increase their ability to fight animal epidemics; At the same time, the company has established emergency plans for natural disasters, and the large-scale and standardized farms have also increased their ability to resist the risks of natural disasters compared with the breeding sheds built by the owners themselves.

2. Food safety risks

Food safety has always been the top priority of meat processing enterprises. In recent years, the state has promulgated a series of laws and regulations, such as People’s Republic of China (PRC) Food Safety Law, People’s Republic of China (PRC) Food Safety Law Implementation Regulations, and People’s Republic of China (PRC) Agricultural Products Quality Safety Law, to further strengthen the social responsibility of food producers and risk control and restraint measures, and to increase the punishment of offenders. Although the company has established strict quality control systems and standards, if food safety accidents or quality problems occur due to poor quality control and inadequate management, it may adversely affect the company’s reputation and operation.

To this end, the company continues to strengthen food safety in the first place, and constantly strengthen supervision over food safety through various procedures such as feed and drug control, breeding process supervision and acquisition supervision, and strictly implement food safety in all aspects of production and operation, so that safe, secure and green customer-friendly products can enter thousands of households.

3. Environmental protection risks

The pollutants produced in the company’s production mainly include waste water, waste gas and a small amount of solid waste such as feces and sludge. In addition to the company’s own production and operation activities, the company’s daily business relies on farmers as the main source of raw materials supply for the slaughter plate. If the environmental protection policies of the state and local governments are adjusted, the environmental protection requirements for the breeding and slaughtering industries will be further improved, which will increase the production costs of the company and farmers in purchasing and building environmental protection facilities, paying sewage charges and other operating expenses, and have an impact on the profitability of the company.

In 2013, the State Council promulgated the Regulations on the Prevention and Control of Pollution from Large-scale Livestock and Poultry Farming, which clearly defined the prohibited areas, and all the farms in the prohibited areas were moved or closed by themselves within a time limit. If the local government further adjusts the land planning and redefines the no-breeding areas in the future, the farms of the company’s farmers will face the risk of moving or closing within a time limit, which may adversely affect the company’s production and operation.

To this end, the company introduced new equipment, new technologies and new processes to improve the company’s environmental governance capabilities. The company insists on constantly promoting environmental protection knowledge to employees, improving their awareness of environmental protection, and achieving the sustainable development goal of harmonious coexistence between enterprises and the environment through the joint efforts of all employees.

4. Risk of price fluctuation of products and raw materials

The company’s main products are duck products, chicken products, feed, ducklings, chickens, cooked food and conditioning products, and the main raw materials include hairy ducks and chickens. The company’s products and raw materials cover many links in the industrial chain of poultry breeding industry, and their market prices change with the supply and demand of each link in the industrial chain, showing certain fluctuations.

China’s poultry farming industry has a low degree of large-scale farming. Under the background of market structure that small-scale farmers account for the main part of the breeding population and the degree of large-scale farming needs to be improved, it is easy to cause large fluctuations in the market supply level, so the prices of duck products, chicken products, duck seedlings and chicken seedlings may change greatly in a certain period of time. At the same time, due to the different links in the industrial chain, the prices of the company’s main raw materials, duck and chicken, also change with the relationship between supply and demand. Although there is a certain linkage effect between the prices of products and raw materials, there are certain uncertainties in the price transmission time and the range of change, which will have a certain impact on the company’s profitability.

Different from a single business company, the company’s main business scope mainly covers many links in the industrial chain of the meat and poultry industry. The company’s products have the characteristics of the whole industrial chain, which can moderately alleviate the impact of the downward price of a single product on the company as a whole.

5, the risk of fluctuations in operating performance

Influenced by the change of supply and demand, feed price, epidemic situation and other factors, the prosperity of poultry industry presents certain fluctuation characteristics. In recent years, although the company’s business scale has been expanding, the company’s operating performance has also fluctuated due to the fluctuation of the industry, especially during the rotation of the industry from the rising cycle to the falling cycle, the company’s operating performance will drop sharply, and it will be at a low level during the relatively low valley. Taking 2018-2020 as an example, 2018 and 2019 are the upward cycles, especially in 2019, when the industry demand is large, the high gross profit mobilized the enthusiasm of farmers and stimulated the increase of industry capacity in a short period of time. In 2020, due to the rotation of industry cycles, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 65.59% compared with 2019.

From 2019 to 2021, the company’s operating income was 15.554 billion yuan, 14.392 billion yuan and 16.414 billion yuan respectively, and the net profit attributable to the parent company after deducting non-recurring gains and losses was 363 million yuan, 125 million yuan and 105 million yuan respectively; From the perspective of periodic changes in the industry cycle, 2019 is an upward cycle, and the overall operating performance of the industry is good. The high gross profit has aroused the enthusiasm of farmers and stimulated the increase of the industry’s production capacity in a short period of time. In 2020, due to the rotation of the industry cycle, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 65.59% compared with 2019. In 2021, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 15.89% year-on-year. Due to the periodic changes in the relationship between supply and demand in the industry where the company is located, the company’s performance has dropped significantly in the down cycle.

The company’s main business scope mainly covers many links in the industrial chain of meat and poultry industry, and its products have the characteristics of the whole industrial chain. Based on the characteristics of the company’s products, in terms of operation and management, on the one hand, all sectors are independent of each other and have the ability to operate independently; On the other hand, because they belong to the industrial chain of meat and poultry industry, there is a certain degree of upstream and downstream linkage between the business sectors. By well managing the upstream and downstream linkage of the industrial chain, the company can obtain higher synergy, thus effectively resisting the business risks of a single business link in the industrial chain. In the future, the company will continue to strengthen the industrial chain layout, reduce the performance fluctuation caused by a single business link and increase profitability.

6. The impact of repeated epidemics on the company’s production and operation

Since 2020, the limited transportation caused by the epidemic and the closure of centralized places such as restaurants have had a certain impact on the company’s raw material supply, operating rate, sales scale and product market price. However, with the introduction and implementation of a number of policies to protect people’s livelihood and supply and support enterprises to return to work, the company’s procurement and production will gradually return to normal levels. Although the situation of epidemic prevention and control in China continues to improve, if the epidemic continues to spread in local areas or other countries and cannot be effectively controlled globally, it will still have an adverse impact on the macroeconomic situation and consumer demand, thus causing certain uncertainty to the company’s operating performance in the next few years.

To this end, the company will pay close attention to the development of the epidemic, make a response plan in advance, and actively deal with and respond to the risks and challenges it brings.

7. Risk of performance decline

In 2020, due to the impact of the epidemic on the daily consumption of residents and the market price of all links in the poultry meat industry chain, and the cyclical fluctuation of the poultry seedling market, the company’s operating performance in 2020 declined compared with that in 2019, of which the net profit attributable to shareholders of the parent company decreased from 363 million yuan in 2019 to 125 million yuan in 2020, a decrease of 65.59%. In 2021, due to the decline in the profitability of the chicken products sector, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 15.89% compared with the same period in 2020.

Affected by the change of supply and demand in each link, the market price of different links in the poultry meat industry chain still fluctuates periodically. The company’s products and raw materials cover many links in the industrial chain of poultry breeding industry, and the change of market price still makes the company’s performance fluctuate or decline.

With the release of production capacity of fundraising projects, the company’s comprehensive competitiveness will be further enhanced, which is conducive to the further improvement of overall profitability.

Noisy and boiling fireworks and oily kebabs stimulate the taste buds … When it comes to the special food in Gejiu City, Honghe Hani and Yi Autonomous Prefecture, Yunnan Province, barbecue is inevitable. By the side of the oven surrounded by fireworks, a bench was set up to sit around a table, and a variety of ingredients were "baked" under the charcoal fire.

Small kebab.

Kebab

The kebab is the protagonist of an old barbecue. The pork leg cut to the size of rock sugar is put on a bamboo stick of about 10 cm, and it is roasted by charcoal fire to be golden, shiny, moist and not greasy. It is very enjoyable. An old man who likes to be sweet likes to wrap small kebabs in powdered sugar and then send them to China with satisfaction. The unique rich meat flavor of barbecue is mixed with the sweet and spicy spices, which teases the taste buds.

Hanging liver meat

A plate full of meat is spread on the grill, and you can eat which piece you want. The lean meat full of aroma is wrapped in chewy meat tendons. After roasting, the aroma of meat, charcoal and seasoning is fully integrated, and the aroma is overflowing.

A barbecue that is being baked.

Honey beef

Beef, honey, pepper and many seasonings make the honey beef skewers rich and wonderful in taste. The savory kebabs marinated by the exclusive secret recipe meet with the beating fireworks, and the meat particles are soft, tender and fragrant, intertwined with sweet and spicy, giving the taste buds great enjoyment.

Gedachang

An old man has never been stingy with his food, and even his intestines are baked with originality. The so-called knot in one’s heart sausage is to tie a delicate knot in the pig’s small intestine and sprinkle it with rich seasonings. The refreshing taste of glutinous rice balls makes people want to stop.　

Baked tofu.

Baked tofu

Gejiu’s baked tofu has a variety of styles, including wrapped tofu, dried tofu and stinky tofu, which are constantly "turned over" on the stove and slowly roasted. Diners sit around the stove, bake one piece and then take it away. They wrap a circle in the oil dish and the Chili dry dish and send it to the mouth. The bean, oil and Chili flavors collide to produce a wonderful taste.

The delicious food being baked.

In midsummer, it’s nice to have a hot barbecue with three or five friends. Gejiu barbecue is a dance of oil and meat on the tip of the tongue, a perfect combination of charcoal roasting and sauce blending, and it has become a hot comfort in ordinary life.

Source: Gejiu Rong Media Center

　

　　CCTV News:On July 25 th, the "International Sharp Review" of the Central Radio and Television General Station broadcasted the title "Who is the White House in a hurry to send checks to farmers?" The article was reprinted and published by many overseas media.

　　On July 25th and 26th, Germany’s "German-Chinese Report" website, Spain’s Global Iberian Media Client, Italy’s RADIOWE website (facebook, twitter), Portugal’s Lisbon Rainbow Radio website (facebook), Brazil’s Sao Paulo World Radio and Television website (facebook), Brazil’s Rio Headline Radio and Television website (facebook), Brazil’s Romantic Radio website, Brazil’s Business Observer website, Many overseas media, such as Ururau newspaper website, Indian Daily Morning News website, Turkish Economic Observation Network, Chinese PT portal, Chinese headline APP, Portuguese New Newspaper APP(facebook, twitter), European Union Chinese website, West Africa online website, Africa Times website, Greek China website, Japanese Chinese business website and so on, have forwarded them one after another. On 26th, Hong Kong Ta Kung Pao and Wen Wei Po published this article. The main reports are as follows:

　　US President Trump said on Tuesday that he would provide an agricultural subsidy of up to $12 billion to help American farmers tide over the growing trade war between the United States and China, the European Union and other countries.

　　Prior to this, one of the reasons why the United States provoked trade wars with many trading partners was that their products exported to the United States had so-called government subsidies. Now, the White House has also begun to issue subsidies. Isn’t this hitting yourself in the face? ! Trump’s move once again proves that economists have always warned the White House, that is, "there is only a double loss in the trade war, and there is no winner."　

　　The essence of trade is win-win, whether it is cooperation or competition. However, this US administration seems to be paranoid and firmly believes that trade is a zero-sum game. Obviously, I bought bread to fill my stomach, and I have to accuse the bread seller of being a winner and a loser. This logic is too twisted!

　　The White House’s use of taxpayers’ huge funds as agricultural subsidies is the inevitable result of its imposition of punitive tariffs on goods from global trading partners, which eventually leads to retaliation from many parties. Among them, the American agricultural economic belt is one of the key targets of retaliatory measures by various countries. Those American farmers are precisely the victims of Trump’s trade war, and they are swallowing the consequences of the irrational and outrageous tariff policy of the White House.

　　As the world’s largest exporter of agricultural products, the export of agricultural products in the United States reached a record high in 2017, with a trade surplus of $21.3 billion. Since the trade war, trading partners including EU, Canadian, Mexican and China have been forced to impose retaliatory tariffs on agricultural products originating from the United States. The USDA estimates that these countermeasures will cause about $11 billion in losses to American agricultural products.

　　The United States has always accused other countries of subsidy policies, saying that this practice violates the provisions of the WTO. Now, the White House has picked up taxpayers’ money and done what it has always been illegal in its own eyes. In a sense, this is also a set of votes for the mid-term elections in November this year. This sanctimonious double standard is overbearing: "Only I can set fire, but you can’t light a lamp".

　　However, can the White House check really solve its problem? As Blake Horst, director of the Missouri Department of Agriculture, said, unless the White House policy changes, the pressure on American agriculture will continue. Short-term or temporary remedial measures cannot solve the substantive problems. Brian Kuhl, executive director of Farmers for Free Trade, believes that American farmers need contracts instead of subsidies, and with contracts, they can make plans for the future with peace of mind.

　　Previously, Trump believed that the trade war would be beneficial to the US, and the trade war would be easy to fight and win. Today’s results show that things are not as simple as he thought. This is because the US government’s subsidies to agriculture will inevitably bring out a series of related problems. Alaska Senator Lisa Mokowski is asking: What about manufacturing? Energy field? What about oil and gas industry? What is the standard of subsidy or not?

　　The New York Times pointed out in the editorial that those manufacturers who need to pay high prices for steel and aluminum because of the trade war need subsidies? Do workers who are unemployed because Harley-Davidson motorcycles transfer production lines need subsidies? Do producers of bourbon affected by the trade war need subsidies?

　　If the United States continues to subsidize other industries affected by the trade war, then the Trump administration will face many challenges, on the one hand, the problem of money bags, on the other hand, the legitimacy of subsidies. As for the legality of the latest US$ 12 billion subsidy, it is estimated that many countries will submit it to the WTO for adjudication.

　　In fact, the White House is very clear about how to solve the situation. Republican Senator Ben Sass said that a trade war is like cutting farmers’ legs, and then the White House plan is to give them a pair of pure gold crutches worth $12 billion. "The government’s tariffs and relief will not make the United States great again, but will come again in 1929 (the Great Depression)."

　　Senator rand paul tweeted: "Tariffs are equivalent to increasing taxes on American consumers and producers. If tariffs punish farmers, then the answer is not welfare, but the abolition of tariffs. "

　　Analysts pointed out that the United States continued the tariff war by granting subsidies to farmers. On the one hand, it reflected its double standards and "two-faced" approach in international trade, which showed the hypocrisy and hegemony of the United States. On the other hand, it also reflected the Don Quixote-style approach of the United States, which not only created a lot of uncertainty for other countries, but also endangered the global multilateral trading system and brought serious chaos to its own country.

　　A number of overseas media forwarded international critical articles:

The German "German-Chinese Report" website was forwarded on July 25, 2018

　　Spain Universal Iberian Media Client forwarded on July 25, 2018

　　Italian RADIOWE website (facebook, Twitter) forwarded on July 25, 2018.

　　Portugal Lisbon Rainbow Radio website (Facebook) forwarded on July 25, 2018.

　　Brazilian "Business Observer" website forwarded on July 25, 2018

　　India’s "Daily Morning News" website was forwarded on July 25, 2018

　　Forward by Turkish Economic Observer Network on July 25, 2018

　　Portuguese news APP(facebook, Twitter) forwarded on July 26, 2018.

　　Hong Kong Ta Kung Pao was published on July 26, 2018

　　Hong Kong Wen Wei Po was published on July 26, 2018.

Departments in charge of industry and information technology of all provinces, autonomous regions, municipalities directly under the Central Government, cities under separate state planning and Xinjiang Production and Construction Corps:

In order to implement the 14th Five-Year Plan for Industrial Green Development and the peak carbon dioxide emissions Implementation Plan for Industrial Fields, continuously improve the green manufacturing system, promote industrial green development, and help peak carbon dioxide emissions to be carbon neutral in industrial fields, we are now organizing to recommend the list of green manufacturing in 2022. The relevant matters are notified as follows:

First, the 2022 green manufacturing list recommended work requirements

Please follow the clear recommendation procedures in the Notice of the General Office of the Ministry of Industry and Information Technology on Developing Green Manufacturing System (No.586 [2016] of the Ministry of Industry and Information Technology, hereinafter referred to as the Notice), and organize local enterprises (including central enterprises, the same below) and parks to carry out declaration work and select and determine green factories and green design products in the region. Encourage all localities to establish and improve the local green manufacturing benchmarking mechanism, publish the provincial green manufacturing list, and give priority to the enterprises or parks included in the list.

In the past three years, it is not allowed to declare the list of green manufacturing in any of the following circumstances: it has not been operating normally; Accidents such as security (including network security and data security), quality and environmental pollution, and illegal acts such as tax evasion occur (subject to "Credit China" and "National Enterprise Credit Information Publicity System"); Being dynamically adjusted out of the green manufacturing list; Being found to have serious problems in the relevant inspection work of the State Council and relevant departments; Being included in the list of industrial energy conservation supervision and rectification and failing to complete the rectification as required; The person who is untrustworthy is executed, etc.

(1) Green factories

Please refer to the General Rules for Green Factory Evaluation (GB/T36132-2018) to carry out self-evaluation and third-party evaluation. If the industry standard for green factory evaluation has been published (which can be viewed on the website of the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology), self-evaluation and third-party evaluation shall be conducted according to the requirements of the industry standard. The number of applications in each region will be determined according to factors such as the number of industrial enterprises above designated size.

In order to give play to the leading role of green factories in energy saving and carbon reduction, the energy efficiency level of key energy-consuming industries should, in principle, reach or exceed the Benchmark Level and Benchmark Level of Energy Efficiency in Key Areas of High Energy-consuming Industries (2021 Edition) (No.1609 of Development and Reform Industry [2021]) and Benchmark Level and Benchmark Level in Key Areas of Clean and Efficient Utilization of Coal (2022 Edition) (No.559 of Development and Reform Operation [2022]). Industries that do not specify the benchmark value of energy efficiency should, in principle, meet or exceed the advanced value of the corresponding national energy consumption quota standards. In addition, the recommended green factories in each region should be benchmarked against the existing green manufacturing level indicators, and the main indicators such as energy efficiency level should be better than the existing green factories in the same region.

(B) Green design products

Please visit the website of Energy Conservation and Comprehensive Utilization Department of the Ministry of Industry and Information Technology for the recommended range and standards of green design products this year, and check them in the "List of Green Design Product Standards". The products to be applied are only those with standards specified in the list. According to the specific requirements of the standard, prepare the self-evaluation report of green design products.

(3) Green industrial parks

All regions should organize industrial parks with good industrial foundation, perfect infrastructure and high level of green manufacturing to declare, and carry out self-evaluation and third-party evaluation with reference to the relevant requirements of green park evaluation in the Notice. The recommended green industrial parks are provincial-level and above industrial parks with product manufacturing and energy supply as the main functions, industrial added value accounting for more than 50%, legal boundaries and scope, and unified management institutions. The pilot units of national low-carbon industrial parks are encouraged to carry out the construction of green industrial parks. In principle, no more than three green industrial parks are recommended in each region.

(D) Green supply chain management enterprises

All regions should organize chain owners with great industry influence, strong operating strength, complete industrial chain, good foundation of green supply chain management and leading role in the industrial chain to declare, and carry out self-evaluation and third-party evaluation with reference to the relevant requirements of green supply chain evaluation in the Notice. For three industries, such as electronic appliances, machinery and automobiles, self-evaluation and third-party evaluation are conducted according to the "Evaluation Index System for Green Supply Chain Management Enterprises" (which can be viewed on the website of the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology).

Please submit the electronic version of the application materials (Annexes 1-5) to the Ministry of Industry and Information Technology (Department of Energy Conservation and Comprehensive Utilization) through the Industrial Energy Conservation and Green Development Management Platform (https://green.miit.gov.cn) before October 31, 2022.

Second, the dynamic management requirements of green manufacturing list

All regions are requested to strengthen the follow-up guidance and dynamic management of green manufacturing list enterprises or parks, establish a regular reporting mechanism for key indicators of green manufacturing level, organize green manufacturing list enterprises or parks to fill in the dynamic management table of green manufacturing every year (Annex 6-9), and review the key indicators specified in the dynamic management table. If the key indicators of green manufacturing level do not meet the requirements of green manufacturing evaluation, organize on-site evaluation, put forward dynamic adjustment opinions and report them to our department, which will adjust the list after comprehensive evaluation. Accidents such as security (including network security and data security), quality and environmental pollution, and tax evasion (subject to "Credit China" and "National Enterprise Credit Information Publicity System") should be reported to our department in a timely manner, and our department will remove them from the list.

Please pass the electronic version of the first six green manufacturing list dynamic management forms through the industrial energy saving and green development management platform (https://green.miit.

Gov.cn) submitted to the Ministry of Industry and Information Technology (Department of Energy Conservation and Comprehensive Utilization).

Third, the third party evaluation agencies related requirements

Third-party evaluation institutions shall carry out their work in accordance with the Reference Procedure for Evaluation of Green Manufacturing System (No.564 [2017] of the Ministry of Industry and Information Technology), be responsible for the authenticity and accuracy of the contents and results of the evaluation report, maintain independence from the self-evaluation activities of the applicant, and do not participate in the preparation of the self-evaluation report. Evaluation institutions that have been verified to be fraudulent or deliberately conceal the problems of the evaluated party in the evaluation process will be blacklisted and their evaluation results will not be accepted within three years.

Third-party organizations that carry out evaluation work related to green manufacturing system shall meet the following basic conditions:

(1) Enterprises, institutions, trade associations, etc. registered within the territory of People’s Republic of China (PRC) and having independent legal personality, having the experience and ability to carry out relevant evaluation;

(2) Having a fixed office space and working conditions for evaluation, and having a sound financial management system;

(3) There shall be no less than 10 full-time personnel with intermediate professional titles or above engaged in green assessment, including no less than 5 senior professional titles in energy, environment, ecology, low carbon and life cycle assessment;

(4) The personnel of the evaluation institution shall abide by the national laws, regulations and evaluation procedures, and be familiar with the policies and standards related to green manufacturing;

(five) have the ability to carry out the evaluation of green factories, green industrial parks, green supply chains and other fields, and lead or participate in the evaluation, demonstration and evaluation of green manufacturing or scientific research projects at or above the provincial level in the past five years, or formulate national and industrial standards and policies related to green manufacturing.

The third-party evaluation of green manufacturing system is carried out by the reporting enterprise or the evaluation institution independently entrusted by the park. In order to improve the evaluation quality, this batch of green manufacturing system evaluation projects (including green factories, green industrial parks and green supply chain management enterprises) carried out by the evaluation institutions of the same legal person (including enterprises and institutions associated with them) shall not exceed 15 in total, and our department will disclose the passing rate of evaluation work carried out by third-party evaluation institutions.

Third-party organizations involved in the evaluation of green manufacturing should submit the electronic version of "Annual Work Report of Evaluation Organizations" (Annex 10) to the Ministry of Industry and Information Technology (Department of Energy Conservation and Comprehensive Utilization) through the industrial energy conservation and green development management platform (https://green.miit.gov.cn) before October 31, 2022.

Fourth, other requirements

All regions should do a good job in summarizing and recommending typical experiences. Our department will organize to publicize the advanced experience and typical practices of units with obvious green characteristics and outstanding results, and give full play to the benchmarking effect. Encourage green manufacturing list units to continuously carry out green and low-carbon upgrading, publish green development or sustainable development reports, publicize advanced experiences and typical practices of green manufacturing, make green development commitments, fulfill social responsibilities, and accept public supervision.

Contact person and telephone number: Wang Chengbo 0-68205340

Attachment: 1. Summary table recommended by provincial industrial and information departments. wps

?#xa0; ?#xa0; ?#xa0; 2. Green factory self-evaluation report and third-party evaluation report. wps

?#xa0; ?#xa0; ?#xa0; 3. Green design product self-evaluation report. wps

?#xa0; ?#xa0; ?#xa0; 4. Green industrial park self-evaluation report and third-party evaluation report. wps

?#xa0; ?#xa0; ?#xa0; 5. Green supply chain management enterprise self-evaluation report and third-party evaluation report. wps

?#xa0; ?#xa0; ?#xa0; 6. Green factory dynamic management table. doc

?#xa0; ?#xa0; ?#xa0; 7. Green design product dynamic management table. doc

?#xa0; ?#xa0; ?#xa0; 8. Green industrial park dynamic management table. doc

?#xa0; ?#xa0; ?#xa0; 9. Green supply chain management enterprise dynamic management table. doc

?#xa0; ?#xa0; 0. Annual work report of the evaluation institution. doc

General Office of Ministry of Industry and Information Technology

September 16, 2022