| --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------|--------------|-------|-------|-------| | | | | | | | ● | | | | | | | | | | | | China Yurun Food Group Limited 中 國 雨 潤 食 品 集 團 有 限 公 司 ( 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ) 股 份 代 號 ： 1068 0 | | | | | | | | | | | | | 0 | | | | | ● | | | | | | | | | ● | | | @ | | ● | | | | ● ● | 四年中期報告 | | | | 9 0 目錄 16 I 綜合財務狀況表 18 I 綜合權益變動表 1 I 公司資料 2 I 管理層之論述及分析 ...

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，並明確表示概不就因本公告全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 中 CHINA YURUN FOOD GROUP LIMITED 國雨潤食品集團有限公 司* （於百慕達註冊成立之有限公司） （股份代號：1068） 截至二零二四年六月三十日止六個月 中期業績公佈 中國雨潤食品集團有限公司（「本公司」或「雨潤食品」）董事會（「董事會」或「董事」） 公佈本公司及其附屬公司（統稱「本集團」）截至二零二四年六月三十日止六個月（「回 顧期」）之未經審核綜合中期業績。回顧期的中期財務報告雖未經審核，但已由本 公司的審核委員會審閱。 * 僅供識別 1 綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月－未經審核 | --- | --- | --- | --- | |---------------------------------|-------|------------------------------------------------|---------------- ...

0 � 0 o . / 3 I 主席報告書 16 I 企業管治報告書 公司資料 www.yurun.com.hk 002 主席報告書 業務回顧 004 二三年，企業全面佈局交通渠道、旅遊渠道，在東北 省會級城市佈局專賣店，遍佈飛機場、火車站、汽車 站、核心國家級景區等，牢牢抓住消費流量人群和旅 遊消費人群的動線，以此由東北三省向全國市場快速 拓展，實現業務穩健提升。本集團於二零二三年實現 收入港幣14.11億元，本公司股權持有人應佔虧損為 港幣1.48億元。主營業務所產生的虧損為港幣2,900萬 元，同比減虧35.7%。 新的一年，我們將繼續堅持創新驅動、質量為本的發 展理念，以「鐵腕抓管理、抓利潤、抓降本、抓隊伍建 設」的務實管理基礎，深化企業管理改革，不斷進行 機制改革，快速提升企業效能，厚植企業競爭力。二 零二四年在渠道端方面，本集團將以「哈肉聯」線上、 藉此，我謹代表董事會，對一直以來支持和信任雨潤 食品的各位股東、客戶和合作夥伴，表示衷心的感 謝。同時，我也感謝全體雨潤食品員工過去一年的辛 勤付出和始終如一的努力，是您們的貢獻讓雨潤食品 不斷展現生機。未來，我們將繼續攜手並進，奮楫揚 帆，開新局、續 ...

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 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA YURUN FOOD GROUP LIMITED 中國雨潤食品集團有限公 司* （於百慕達註冊成立之有限公司） （股份代號：1068） 截至二零二三年十二月三十一日止財政年度 全年業績公佈 業績摘要 中國雨潤食品集團有限公司（「雨潤食品」或「本公司」）董事會（「董事會」）公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年十二月三十一日止年度（「回顧 年度」）之綜合業績，連同二零二二年相對期間之比較數字如下： * 僅供識別 1 綜合損益及其他全面收益表 截至二零二三年十二月三十一日止年度 | --- | --- | --- | --- | |-----------------------------------|-------|-----------------------|---------------------| | | 附註 | 二零二三年 港幣千元 | 二零二二年 港幣千元 | ...

China Yurun Food Group Limited 雨 潤 食 品 集 團 有 限 公 司 日 或 (於百惠建註冊成立之有限公司) 股份代號：1068 目錄 綜合損益及其他全面收益表 21 I 簡明綜合現金流量表 2 I 管理層之論述及分析 公司資料 註冊辦事處 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 審核委員會 高 輝（主席） 陳建國 徐幸蓮（於二零二三年四月十八日獲委任） 繆冶煉（於二零二三年四月十八日辭任） 薪酬委員會 高 輝（主席） 陳建國 祝 媛 公司秘書 李詠思 HKICPA, FCCA ddybold CRICT 0 01 O C C t @ 音 000 000 000 77777 000 00 17 I 20 I 綜合權益變動表 1 I 公司資料 16 I 綜合損益表 董事會 執行董事 祝 媛（主席及首席執行官） 楊林偉 總辦事處 中華人民共和國 南京市 建鄴區 雨潤路10號 中國雨潤食品集團有限公司 提名委員會 陳建國（主席） 高 輝 祝 媛 授權代表 祝 媛 李詠思 核數師 香港立信德豪會計師事務所有限公司 主 ...

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，並明確表示概不就因本公告全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 CHINA YURUN FOOD GROUP LIMITED * 中 國 雨 潤 食 品 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：1068） 截至二零二三年六月三十日止六個月 中期業績公佈 中國雨潤食品集團有限公司（「本公司」或「雨潤食品」）董事會（「董事會」或「董事」） 公佈本公司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「回 顧期」）之未經審核綜合中期業績。回顧期的中期財務報告雖未經審核，但已由本 公司的審核委員會審閱。 ...

Financial Performance - The company's revenue for 2022 was HKD 2.162 billion, with a net loss attributable to equity holders of HKD 15 million. The loss from main business operations was HKD 34 million, a significant reduction of 91.8% year-on-year[26] - Revenue for 2022 was HKD 2.162 billion, a significant decrease from HKD 8.440 billion in 2021, primarily due to the exclusion of subsidiaries from consolidation and a one-time gain of HKD 3.491 billion recognized in 2021[61] - Net loss attributable to equity holders in 2022 was HKD 15 million, compared to a net profit of HKD 3.060 billion in 2021, with a core business loss of HKD 34 million[61] - The group's overall gross profit decreased from HKD 398 million in 2021 to HKD 113 million in 2022, but the gross margin improved by 0.5 percentage points to 5.2% due to a focus on higher-margin products[65] - The group's operating profit for 2022 was HKD 18 million, a significant decrease from HKD 3.076 billion in 2021, primarily due to the absence of a one-time gain from the exclusion of subsidiaries from consolidation[94] Debt and Liabilities - The company's outstanding bank loans as of December 31, 2022, were HKD 484 million, a decrease of HKD 60 million compared to HKD 544 million on December 31, 2021. HKD 453 million of the bank loans are due within one year[6] - The company's equity attributable to shareholders was a loss of approximately HKD 543 million as of December 31, 2022, making it unsuitable to calculate the capital-to-debt ratio[19] - The group's total assets decreased by HKD 130 million to HKD 1.177 billion, while total liabilities decreased by HKD 105 million to HKD 1.672 billion as of December 31, 2022[75] - The company's net current liabilities were HKD 1.038 billion as of December 31, 2022, compared to HKD 1.193 billion in the previous year[106] - Current bank borrowings amounted to HKD 453 million as of December 31, 2022, down from HKD 544 million in the previous year[106] - The group is in discussions with banks to resolve litigation related to HKD 443 million in overdue bank loans as of December 31, 2022[80] - Accounts receivable of approximately HKD 12 million were used as collateral for bank loans totaling HKD 41 million as of December 31, 2022[104] Cash Flow and Capital Expenditures - The group's cash and cash equivalents decreased by HKD 47 million to HKD 33 million as of December 31, 2022, with 79% denominated in RMB and 15% in USD[71] - Cash and cash equivalents stood at approximately HKD 33 million as of December 31, 2022, a decrease from HKD 80 million in the previous year[106] - Capital expenditures for 2022 were HKD 5 million, significantly lower than the HKD 148 million spent in 2021[73] - The group plans to allocate approximately RMB 15 million for capital expenditures in 2023, primarily for ongoing construction projects, factory maintenance, and equipment updates[78] - No significant investments or acquisitions of capital assets were made during the year, and no such plans exist as of the reporting date[105] Business Operations and Strategy - The company's restructuring plan was approved at a creditors' meeting on January 28, 2022, and officially entered the implementation phase, focusing on the production and operation of the "Ha Lian" brand products[29] - The company's restructuring plan was approved by creditors and the Nanjing Intermediate People's Court on January 28, 2022, leading to improved operating performance[38] - The company plans to continue implementing its restructuring plan to improve debt structure and enhance profitability, aiming for a new development phase[49] - In 2023, the company plans to expand its product range, including Chinese-style marinated products, European-style sausages, local specialties, and pre-made dishes, while upgrading the operational model of its "Ha Da Zhong" hot marinated fresh smoked new model chain stores[31] - The company plans to implement operational strategies to improve profitability, control costs, and generate sufficient operating cash flow[106] - The Board believes the company has sufficient financial resources to support its operations and meet financial obligations for the next 12 months[106] Product and Market Performance - The average purchase price of live pigs in 2022 decreased by approximately 30.4% compared to 2021, and the slaughter volume decreased to approximately 620,000 heads (2021: 1.64 million heads) due to changes in the scope of consolidation[15] - The gross profit margin for low-temperature meat products increased by 0.4 percentage points to 18.0%, while the gross profit margin for high-temperature meat products decreased by 1.3 percentage points to 18.8%. The overall gross profit margin for downstream products increased slightly by 0.1 percentage points to 18.4%[16] - The upstream business revenue decreased to HKD 1.670 billion in 2022 from HKD 6.810 billion in 2021, with chilled meat accounting for 68% of total revenue and 88% of upstream revenue[62] - Low-temperature meat products generated revenue of HKD 285 million, accounting for 57% of the deep-processed business revenue, while high-temperature meat products contributed HKD 211 million, representing 10% of the group's total revenue and 43% of the deep-processed business revenue[65] - The company's "Ha Rou Lian" brand, established in 1913, focuses on low-temperature meat products, with key products including Harbin red sausage, canned meat, and marinated products[46] - The company's "Ha Rou Lian" brand has received numerous awards and certifications, including ISO9001, ISO14001, OHSAS18001, and ISO22000, reflecting strong market recognition[40] - The company's subsidiary, Harbin Dazhong Rou Lian Food Co., Ltd., was recognized as a "China 3.15 Integrity Enterprise" in 2022, highlighting its commitment to product quality[57] Industry and Economic Context - The national pig inventory at the end of 2022 was 452.56 million heads, a year-on-year increase of 0.7%, while pig slaughter reached 699.95 million heads, up 4.3% year-on-year[45] - China's GDP in 2022 was RMB 121.0207 trillion, a 3.0% increase from the previous year, with the CPI rising by 2.0% and catering revenue declining by 6.3% to RMB 4.3941 trillion[54] - The annual production capacity of the group's upstream slaughtering and downstream deep-processed meat products businesses remained consistent at approximately 3.35 million heads and 56,000 tons, respectively, as of December 31, 2022[64] Cost Management and Efficiency - Operating expenses decreased to HKD 121 million, representing 5.6% of the group's revenue, down from HKD 836 million (9.9% of revenue) in 2021, primarily due to cost control measures and changes in consolidation scope[67] - The company has implemented a management mechanism to negotiate with at least three or more suppliers for the supply of live pigs, raw meat, or other key raw materials, ensuring a reasonable procurement ratio from each supplier[164] - The company has established safety stock for different raw materials based on sales market forecasts to handle emergencies[182] - The company's average procurement price for live pigs in 2022 fluctuated between RMB 11.9 to RMB 26.7 per kilogram[184] - The company has formulated different strategies for upstream and downstream businesses to mitigate cost pressures from raw material price fluctuations[166] Risk Management and Compliance - The company maintains a risk management and internal control system to manage risks and provide reasonable assurance against material misstatements or losses[160] - The company has adopted a cautious strategy for new product development and promotion, involving small-scale trials, medium-scale trials, and production stages[167] - The company has diversified its market penetration across different regions to reduce the impact of economic fluctuations and reliance on specific markets[163] - The company has signed cooperation agreements with suppliers that include clauses ensuring stable supply and quality safety[164] - The company regularly visits supplier production sites to assess the quality and supply capacity of raw materials[166] - The company continuously analyzes product sales and eliminates low-performing products while innovating and improving to maintain product quality[167] - The company's business is susceptible to fluctuations in raw material prices, particularly live pigs and raw meat, which may impact profitability if cost increases cannot be fully passed on to consumers[184] - Strategic raw material reserves to control costs and gain time for price adjustments in the sales market, potentially leading to decreased demand for the company's products[185] - Dependence on understanding and adapting to changing consumer tastes and dietary habits for sustained success in the deep-processed meat products market[185] - Significant costs associated with developing and marketing new products or expanding existing production lines, with no guarantee of market acceptance, sales, or profit[185] - Requirement for multiple licenses and permits to operate, including slaughter permits for fresh and frozen meat production facilities and industrial product production permits for deep-processed meat products facilities[187] - Regular inspections by regulatory authorities to ensure compliance with applicable hygiene and food safety standards, with potential business disruptions if inspections are failed or licenses are not renewed[187] - Impact of financial risks including market, liquidity, and credit risks on the company's financial condition, operating performance, and business[188] - Potential adverse effects on the company's business and revenue due to the impact of COVID-19 on retail markets and the possibility of severe animal diseases such as African swine fever[192] - Enhanced disease monitoring by the company's pig procurement and quality management departments to increase inspection and quarantine in areas with outbreaks and reduce or stop purchases from affected regions[193] - Implementation of a nationwide production base network for local procurement, production, and sales, with temperature-controlled delivery vehicles equipped with GPS and temperature monitoring systems[198] - Internal audit department's role in identifying major risk areas and establishing appropriate monitoring measures and management strategies to reduce overall business and operational risks[199] Corporate Governance and Human Resources - The Board consists of five members, including two executive directors and three independent non-executive directors[116] - The Board of Directors is responsible for approving and overseeing the group's overall strategy, annual budget, and business plans[138] - The company has purchased appropriate insurance for directors and executives to cover liabilities arising from the group's business, with annual reviews of the coverage[145] - The Board of Directors includes five members, with three being independent non-executive directors, ensuring diversity in gender, age, education, and professional experience[158] - The company employed approximately 1,400 employees in mainland China and Hong Kong as of December 31, 2022, compared to 1,500 employees in the previous year[133] - Total employee costs for the year amounted to HKD 106 million, accounting for 4.9% of the group's revenue, consistent with the previous year's percentage[133] - The company provides competitive compensation and benefits, including performance-based bonuses and employee stock option plans[109] - The company is committed to environmental protection and aims to improve measures to reduce waste generation in the future[134]

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 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA YURUN FOOD GROUP LIMITED * 中 國 雨 潤 食 品 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：1068） 截至二零二二年十二月三十一日止財政年度 全年業績公佈 業績摘要 中國雨潤食品集團有限公司（「雨潤食品」或「本公司」）董事會（「董事會」）公佈本 公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度（「回顧 年度」）之綜合業績，連同二零二一年相對期間之比較數字如下： ...

INTERIM REPORT 2022 中期報告 (於百慕達註冊成立之有限公司) 股份代號：1068 二零二二年 中期報告 二零二二年 中期報告 17 I 綜合損益及其他全面收益表 18 I 綜合財務狀況表 20 I 綜合權益變動表 21 I 簡明綜合現金流量表 22 I 未經審核中期財務報告附註 | --- | --- | |--------------------|-------| | | | | | | | | 目錄 | | | 1 I | | 公司資料 | | | 管理層之論述及分析 | 2 I | | | 11 I | | 其他資料 | | | | 16 I | | 綜合損益表 | | 公司資料 董事會 執行董事 祝 媛（主席及首席執行官） 楊林偉 獨立非執行董事 高 輝 陳建國 繆冶煉 審核委員會 高 輝（主席） 陳建國 繆冶煉 薪酬委員會 高 輝（主席） 陳建國 祝 媛 提名委員會 陳建國（主席） 高 輝 祝 媛 公司秘書 李詠思 HKICPA, FCCA 授權代表 祝 媛 李詠思 核數師 香港立信德豪會計師事務所有限公司 主要往來銀行 中國銀行股份有限公司 中國農業銀行股份有限公司 中國工商銀 ...

ANNUAL REPORT 2021 年報 (於百慕達註冊成立之有限公司) 股份代號：1068 二零二一年年報 Annual Report 2021 二零二一年年報 目 錄 | --- | --- | --- | |-------|--------------------------|----------------------| | | | | | | 64 I | 2 I | | | 綜合損益及其他全面收益表 | 公司資料 | | | 65 I | 3 I | | | 綜合財務狀況表 67 I | 主席報告書 7 I | | | | | | | 綜合權益變動表 | 管理層之論述及分析 | | | 68 I | 17 I | | | 綜合現金流量表 | 董事簡歷 | | | 70 I | 18 I | | | 綜合財務報表附註 | 企業管治報告書 | | | 139 I | 39 I | | | 主要附屬公司名單 | 董事會報告書 | | | 140 I | 61 I | | | 五年概要 | 獨立核數師報告 63 I | | | | 綜合損益表 | | | | | 公司資料 薪酬委員會 高 輝（主席） 陳 ...