锅圈2024年度报告

Stock Code 年度報告 CONTENTS Corporate Profile2Corporate Information4Definitions7Chairperson’s Statement13Business Review and Outlook16Management Discussion and Analysis24Biographies of Directors, Supervisors andSenior Management34Directors’ Report44Report of the Board of Supervisors77Corporate Governance Report79Independent Auditor’s Report109Consolidated Statement of Profit or Loss116Consolidated Statement of Comprehensive Income117Consolidated Statement of Financial Position118Consolidated Statement of Changes in Equity119Consolidated Statement of Cash Flows121Notes to Financial Statements124Financial Summary220 CORPORATE PROFILE OVERVIEW We are the leading and a rapidly growing home meal productsbrand in China. We offer a variety of ready-to-eat, ready-to-heat,ready-to-cook and prepared ingredients, with a focus on at-homehotpot and barbecue products. With a carefully curated productportfolio and an extensive network of community-based stores,we enable consumers to enjoy meals at home with tastiness,convenience and affordability. Leveraging our robust supplychain and production capabilities and a nationwide network ofretail stores, we offer a wide variety of home meal products underthe Guoquan Shihui () brand, serving diverse diningscenarios. We are devoted to developing products under our proprietarybrand name carrying the “Guoquan Shihui” logo. As the leadingone-stop home meal products brand in China, we are wellpositioned to capture the significant growth potential in China’shome meal products market. We cater to different diningscenarios underpinned by high quality food ingredients that havean immense potential for creating new and diverse products. Ourproduct portfolio comprises eight categories including hotpotproducts, barbecue products, beverages, solo-dining meals,ready-to-cook meal kits, fresh produce, western cuisines andsnacks. We have established a store network primarily comprisingfranchised stores. Under our franchise business model, we derivesubstantially all of our revenue from the sale of our products tofranchisees, who open and operate franchised stores under ourbrand and sell our products to consumers. We do not charge orrely on franchise fees. APP We have also been developing online sales channels including ourGuoquan APP, WeChat mini-program as well as on popular socialcommerce platforms such as Douyin. In addition, we partner withthird-party food delivery platforms, such as Meituan and Ele.meto deliver our products to consumers. We achieve highly extensiveconsumer reach by providing both online and offline shoppingoptions. Leveraging the highly efficient management andoperation of our supply chain and our digitalized managementsystem, we are able to ensure product quality and safety, as wellas achieve high operational efficiency from food production toretail sales. CORPORATE PROFILE OUR VISION Our vision is to become the go-to brand for dining at home inChina. OUR MISSION Our mission is to source quality food ingredients globally andoffer diverse, convenient, high-quality and value-for-money homemeal products in a one-stop shop manner to meet consumers’diverse needs under different dining scenarios, from urbancenters to the most remote areas of China. CORPORATE INFORMATION BOARD Executive Directors Mr. Yang Mingchao(Chairperson of the Board and Chief Executive Officer)Mr. Meng XianjinMr. An HaoleiMs. Luo Na Non-executive DirectorsMr. Liu Zhengzheng Independent Non-executive Directors Mr. Zeng XiaosongMs. Yu Fang JingMr. Li JianfengMr. Shi Kangping AUDIT COMMITTEE Mr. Shi Kangping(Chairperson)Ms. Yu Fang JingMr. Li Jianfeng REMUNERATION COMMITTEE Mr. Zeng Xiaosong(Chairperson)Ms. Yu Fang JingMr. Li Jianfeng NOMINATION COMMITTEE Mr. Yang Mingchao(Chairperson)Mr. Shi KangpingMr. Zeng Xiaosong CORPORATE INFORMATION BOARD OF SUPERVISORS Ms. Zheng Min(Chairperson)Ms. Xue HongMs. Zhang Yifan JOINT COMPANY SECRETARIES Mr. Wang HuiMr. Cheung Kai Cheong Willie AUTHORIZED REPRESENTATIVES Mr. An HaoleiMr. Cheung Kai Cheong Willie COMPLIANCE ADVISOR 2920 Somerley Capital Limited20th Floor, China Building29 Queen’s Road Central, Hong Kong AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s Road, Quarry BayHong Kong HONG KONG LEGAL ADVISOR 127 Clifford Chance LLP27th Floor, Jardine House1 Connaught PlaceHong Kong PRC LEGAL ADVISOR 13662805 CM Law Firm2805, Phase II, Plaza 661366 Nanjing West RoadShanghai, PRC CORPORATE INFORMATION REGISTERED OFFICE AND HEADQUARTERS 1873802 Room 802, No. 3, Lane 187, Xinghong RoadMinhang DistrictShanghaiPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 24840 40th Floor, Dah Sing Financial Centre248 Queen’s Road EastWanchaiHong Kong H H SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL BANK China Citic Bank Corporation