Financial Performance - In 2023, China Foods reported a revenue of RMB 21,446 million, representing a 2.3% increase from RMB 20,968 million in 2022[6] - Adjusted EBITDA rose by 13.3% to RMB 2,607 million in 2023, compared to RMB 2,302 million in 2022[6] - Earnings per share increased by 26.2% to RMB 29.76 cents in 2023, up from RMB 23.59 cents in 2022[6] - The revenue growth for the company in 2023 was 2.3% year-on-year, while sales volume growth was only 0.5%[90] - The sales volume increased by 0.5% year-on-year, although the gross profit margin declined by 0.6 percentage points due to rising sugar prices[63] - Other income and gains increased by 136.9% year-on-year, primarily due to one-off gains from investment disposals and government grants[92] - Income tax expense amounted to RMB 460 million, reflecting a 13.5% increase, consistent with profit growth[100] - The net assets attributable to owners of the company were approximately RMB 6,015 million, an increase from RMB 5,520 million in the previous year[108] - The company has no interest-bearing bank borrowings as of December 31, 2023, maintaining a nil gearing ratio[108] Market and Product Development - The launch of COFCO "Lohas" Changbai Mountain natural mineral water achieved annual sales of RMB 35.8 million in 2023[20] - The D2C business of COFCO Yuexiang Club recorded a remarkable increase of 76%, providing full-scenario services for consumers[39] - The company launched new products, including "Coca-Cola Strawberry Flavor" and "League of Legends," aimed at enhancing customer experience and targeting the young consumer market[65][66] - The company launched new products, including the sugar-free Minute Maid Bergamot Sparkling Drink, contributing to the growth in the juice segment[72] - The overall sales volume for the water category decreased slightly due to product upgrades and price increases, but new product launches are expected to enhance profitability[75] - The juice segment achieved double-digit revenue growth, driven by strong sales of orange juice and new sparkling fruit drinks[71] - The market share of the ready-to-drink coffee brand Costa exceeded 10%, maintaining its position as the second-largest brand in key markets[77] Operational Efficiency and Supply Chain - The integration of the non-sparkling supply platform was successfully completed, enhancing the overall supply chain strength[11] - China Foods focused on optimizing the supply chain and enhancing operational efficiency through regional integration and centralized procurement[30] - The company completed the acquisition of five subsidiaries from Coca-Cola Bottlers Manufacturing Holdings Limited, enhancing supply chain capacity and improving overall profit margins[53] - The Coca-Cola bottling business has aligned with Coca-Cola on mid-to-long-term development goals, focusing on market share and profitability improvements[44] - The company completed the acquisition of Coca-Cola Bottlers Manufacturing Holdings Limited, enhancing supply chain capabilities and reducing production management costs for non-carbonated beverages[55] Sustainability and Corporate Responsibility - Seven plants received National Green Factory Certification, contributing to sustainability efforts[13] - The management is committed to sustainable development, aiming for low-carbon green development while ensuring product quality and community responsibility[58] - The group maintains a strong focus on employee welfare and sustainable development as a foundation for its long-term growth[121] - The company is committed to achieving high standards of corporate governance to safeguard the interests of shareholders, investors, customers, and staff[172] Employee and Management - The workforce as of December 31, 2023, consisted of 18,889 employees, a decrease from 19,243 in the previous year[116] - The group provides various employee benefits including retirement plans, life insurance, and medical insurance, adhering to local laws and market practices[121] - The company emphasizes talent development and has established policies to ensure employee rights and prevent discrimination based on ethnicity, age, or gender[121] - The company has established a network with local and international stakeholders to enhance its operations and governance[172] Governance and Board Composition - The board currently consists of seven directors, including one executive director, two non-executive directors, and three independent non-executive directors, ensuring a balance of skills and experience for independent decision-making[193] - The board has assessed the independence of all independent non-executive directors and confirmed that they meet the independence criteria set out in the listing rules[194] - The Company has established mechanisms to ensure that at least one-third of the Board members are independent non-executive directors, promoting board independence[198] - The Board adopted a diversity policy in August 2013, emphasizing the importance of various factors such as gender, age, and professional experience in achieving board diversity[199] Future Outlook - In 2024, the company aims to reshape its operational efficiency through rebranding and restructuring its marketing network and supply system[44] - The management anticipates that domestic economic challenges and uncertainties will persist in 2024, but aims to maintain stable performance throughout the year[93] - The company plans to focus on upgrading the product mix and optimizing the business portfolio to improve gross profit margins in 2024[89]

历经4年，郑州冷链行业的两项地方标准终于成功通过审查。 2024年4月11日，由郑州市市场监督管理局组织的《冷链配送到店系统功能要求》、《冷链物流温湿度监控平台建设指南》地方标准审查会在郑州召开。8位 来自商协会、高校、企业和科研院所的物流专家，一致同意通过对两项标准的审查。 即日起，郑州冷链行业有了自己的"尺子"。 地方标准6.2万项，食品冷链地方标准只有66项 这是两组天差地别的数据。 《中国标准化发展年度报告(2022年)》显示，截至2022年底，我国备案地方标准共有61969项。 智研咨询发布的《2021-2027年中国食品冷链物流产业竞争现状及发展规模预测报告》数据则显示，截至2021年3月底，食品冷链相关标准发布了150项，其 中，地方标准占比44%。 也就是说，关于食品冷链的地方标准只有66项。 河南冷链行业有地方标准吗？ 2020年12月，顶端新闻从河南省物流与采购联合会获悉，郑州市首个冷链物流标准已于当年10月份送有关部门评审，预计2021年上半年出台。 然而，好事多磨。 直到2023年7月底，郑州市市场监管局下发《关于下达2023年郑州市地方标准制修订计划的通知》(郑市监文【2023】14 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：506） 截至2023年12月31日止年度 之全年業績公告 業績摘要 中國食品有限公司（「本公司」或「中國食品」）及其附屬公司（統稱「本集團」）截至2023年12月31日 止年度（「本年度」）的末期業績與2022年同期業績相比如下： | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------------------------------------------------|------------------------------------------------------|-----------------| | | 截至 2023 年 12 月 ...

研究报告Research Report 13 Mar 2024 中国食品 China Foods (506 HK) 首次覆盖：碳酸龙头稳定增长，低估值高股息值得关注 Carbonated grows steadily, low valuation and high dividends are worth paying attention to [观Ta点ble聚_y焦em Ieniv1e]s tment Focus [Tab首le次_In覆fo盖] 优于大市Initiate with OUTPERFORM (Please see APPENDIX 1 for English summary) 平台专业化，国企资源与国际先进经验结合。作为中粮集团子公 评级 优于大市OUTPERFORM 司，公司自2007 年以来业务逐渐精简，2017年后成为专业化软饮 现价 HK$2.95 料业务运营平台，专注运营可口可乐公司在华装瓶、配送及分销 目标价 HK$3.54 业务。公司一方面背靠中粮集团在食品饮料领域多年运营经验和 HTI ESG 2.4-3.5-4.0 业务网络，同时与国际软饮料龙头可口可乐深度合作，吸取先进 E ...

ID 米尼 COFC 自然之源 垂塑你我 China Foods Limited 中國食品有限公司 (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號 : 506 貫,增效,創新,體系,開放,綠色 Quality Improving, Enhancing Efficiency, Innovation, System, Openness & Green | --- | --- | --- | --- | --- | --- | |-------|-------|----------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | INTERIM REPORT | | | | | 中 | 期 | 载 | | | | CORPORATE PROFILE 公司概況 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：506） 截至 2023 年 6 月 30 日止六個月期間之 中期業績公告 財務摘要 下表列示中國食品有限公司（「本公司」）及其附屬公司（統稱「本集團」）截至2023年6月 30日止六個月期間（「中期期間」）的中期業績與2022年同期業績之比較： | --- | --- | --- | --- | |---------------------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------------|--------------| | | 截至 6 月 \n2023 年 \n（人民幣 ...

China Foods Limited 中國食品有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） Stock Code 股份代號 : 506 ANNUAL REPORT 年 度 報 告 提質，增效，創新，體系，開放，綠色 Quality Improving, Enhancing Efficiency, Innovation, System, Openness & Green CORPORATE PROFILE 公司概況 China Foods Limited ("China Foods" or the "Company" and together with its subsidiaries, the "Group"), a subsidiary of COFCO Corporation ("COFCO") and the only focused beverage platform of COFCO, is listed on the main board of The Stock Exchange of Hong Ko ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） (股份代號: 506) 截至 2022 年 12 月 31 日止年度 之全年業績公告 業績摘要 中國食品有限公司（「本公司」或「中國食品」）及其附屬公司（統稱「本集團」）截至2022 年12月31日止年度（「本年度」）的末期業績與2021年同期業績相比如下： | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|---------------------------------------------------|----------------------------------------------------|----------| | | 截至 2022 ...