五谷磨房 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 (以存續方式於開曼群島註册的有限公司) 股份代號: 1837 中期報告 20224 目錄 目錄 頁次 公司資料 2 管理層討論及分析 4 企業管治及其他資料 12 獨立審閱報告 28 中期簡明綜合損益及其他全面收益表 30 | --- | --- | |--------------------------|-------| | | | | 中期簡明綜合財務狀況表 | | | 中期簡明綜合權益變動表 | | | 中期簡明綜合現金流量表 | | | 中期簡明綜合財務報表附註 | | | 釋義 | | | | | | | | | | | 1 五谷磨房食品國際控股有限公司 公司資料 公司資料 非執行董事 謝長安女士 王鐸先生 授權代表 獨立非執行董事 張森泉先生 胡芃先生 歐陽良宜先生 審核委員會 中華人民共和國總部 薪酬委員會 胡芃先生（主席） 張森泉先生 歐陽良宜先生 香港主要營業地點 提名委員會 公司秘書 董事會 執行董事 桂常青女士 張澤軍先生 張森泉先生（主席） 胡芃先生 歐陽良宜先 ...

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聲明，並明確表示概不就因本公告全部或任何部分內 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。 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 （以存續方式於開曼群島註冊的有限公司） （股份代號：1837） 截至2024年6月30日止六個月 中期業績 五谷磨房食品國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事 （「董事」）會（「董事會」）欣然公佈本集團截至2024年6月30日止六個月（「本報告期」） 的綜合業績連同2023年同期的比較數字如下。 財務摘要 截至6月30日止六個月 | --- | --- | --- | --- | |--------------------------|------------|------------|----------| | | 2024 年 | 2023 年 | 按期變動 | | | 人民幣千元 | 人民幣千元 | 增加 | | | | | | | 收入 | 992,383 | ...

各位投资人下午好欢迎参加我们安信国际2024年中期投资策略会这一场是五股莫访的交流专场我们非常荣幸的请到了公司的阿亚Gina总来为大家介绍一下公司发展的情况以及未来的发展规划我是安信国际的交易分析师曹莹 那么我们今天的会议的话也是先请Gina总来介绍一下公司最近的一个发展状况然后之后我们就会进入问答环节那我接下来就把时间交给Gina总 好的,非常感谢安信国际局都员中安排今天的交流活动,我是公司的IRG Aina,那么因为现在正好是6月份,然后刚好618也刚过,那我这边的话主要会把公司今年上半年整体的一些情况和一些新的变化跟大家做一个分享,同时可能会把一些业绩上的表现也跟大家做一个同步,那之后有什么问题的话我们可以再进行一个深度的交流, 那我对这个情况的分享的话呢主要会从三个方面来跟大家做一个汇报第一个的话呢是公司在品牌方面的一个新的发展和变化第二个是我们在各个渠道业务 第3个方面就是我们今年在产品方面一些比较突出的表现。首先品牌方面的话,今年其实正值五股莫访成立18周年,因此我们跟外部的几个专业的 机构比如像是华语华这样的一些专业的品牌公司做了公司一个品牌的升级那公司五谷茉芳以前是专注在这个果物营养食品方面的 ...

各位投资人下午好欢迎参加我们安信国际2024年中期投资策略会这一场是五股莫访的交流专场我们非常荣幸的请到了公司的阿亚Gina总来为大家介绍一下公司发展的情况以及未来的发展规划我是安信国际的交易分析师曹莹 那么我们今天的会议的话也是先请Gina总来介绍一下公司最近的一个发展状况然后之后我们就会进入问答环节那我接下来就把时间交给Gina总 好的 非常感谢安信国际节度远中安排今天的交流活动我是公司的IRG TINA那么因为现在正好是6月份然后刚好618也刚过我这边的话主要会把公司今年上半年整体的一些情况和一些新的变化跟大家做一个分享同时可能会把一些业绩上的表现也跟大家做一个同步之后有什么问题的话我们可以再进行一个深度的交流 那我对这个情况的分享的话呢主要会从三个方面来跟大家做一个汇报第一个的话是公司在品牌方面的一个新的发展和变化第二个是我们在各个渠道业务 第3个方面就是我们今年在产品方面一些比较突出的表现那首先品牌方面的话呢今年其实正值五股莫访成立18周年那因此的话我们跟外部的几个这个专业的 机构啊比如像是华语华这样的一些专业的品牌公司做了公司一个品牌的升级那公司五谷茉芳以前呢是专注在这个穀物营养食品方面的那么从今 ...

Financial Performance and Cash Flow - Net cash flow from operating activities in 2023 was RMB 185.9 million, compared to RMB 168.5 million in 2022[22] - Net cash used in investing activities in 2023 was RMB 121.1 million, compared to RMB 18.6 million in 2022[22] - Net cash used in financing activities in 2023 was RMB 7.1 million, compared to RMB 25.1 million in 2022[22] - Net current assets as of December 31, 2023, were RMB 1,033.5 million, up from RMB 839.2 million in 2022[22] - Profit before tax increased from RMB 137.3 million in 2022 to RMB 185.9 million in 2023[111] - Net profit grew by 30.8% from RMB 116.5 million in 2022 to RMB 152.4 million in 2023[113] - Income tax expenses increased from RMB 20.8 million in 2022 to RMB 33.6 million in 2023, reflecting higher profitability[112] Revenue and Sales Channels - Offline channel sales revenue increased to RMB 1,000,172 thousand, accounting for 54.2% of total revenue, up from 53.6% in 2022[70] - Online channel sales revenue increased to RMB 845,103 thousand, accounting for 45.8% of total revenue, down from 46.4% in 2022[70] - New channel business revenue grew to RMB 265,874 thousand, up from RMB 179,488 thousand in 2022[70] - E-commerce business grew by 6.1% year-on-year, contributing 45.8% of the company's total revenue (2022: 46.4%)[85] - New channel business surged by 48.1% year-on-year, accounting for 14.4% of total revenue (2022: 10.4%)[88] - The company's offline counter business declined by 1.1% year-on-year, but the rate of decline narrowed, showing a stable development trend[90] Costs and Expenses - Sales cost increased by 6.9% to RMB 663.8 million, mainly due to higher raw material, labor, and production costs[94] - Sales and distribution expenses increased from RMB 891.0 million in 2022 to RMB 897.1 million in 2023, primarily due to increased promotional expenses and travel costs related to business expansion[106] - Administrative expenses rose from RMB 79.0 million in 2022 to RMB 100.4 million in 2023, driven by increased depreciation and amortization of factory assets and higher property and value-added taxes[106] - Financial asset impairment increased from RMB 6.0 million in 2022 to RMB 16.2 million in 2023, mainly due to higher overdue trade receivables and extended aging[108] Assets and Liabilities - Trade payables increased due to higher purchases of raw materials and packaging materials for production, with the trade payables turnover days remaining stable at around 50 days as of December 31, 2023[1] - The company's cash and bank deposits increased by 20.7% to RMB 942.0 million as of December 31, 2023, compared to RMB 781.3 million as of December 31, 2022[3] - Inventory value as of December 31, 2023, was RMB 93.5 million, up from RMB 81.9 million in 2022, mainly due to sales growth[39] - The company had no interest-bearing borrowings as of December 31, 2023[40] - The company had no contingent liabilities or asset pledges as of December 31, 2023[26][27] - Trade receivables and bills increased to RMB 217.8 million, with trade receivables turnover days remaining stable at around 40 days[99][100] Corporate Governance and Board Structure - The Board of Directors consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[117] - The Audit Committee is composed of three independent non-executive directors, with Mr. Zhang Senquan serving as the chairman[131] - The company has implemented a Board Diversity Policy and reviews its effectiveness annually[127] - The company held 7 board meetings in 2023, including 1 written resolution, discussing and approving overall strategies, annual reports, and quarterly operating results[141] - The board is scheduled to meet 4 times annually, with at least 14 days' notice for regular meetings and reasonable notice for other meetings[143] - The company has 3 independent non-executive directors, meeting the requirement of at least one-third of the board and having appropriate professional qualifications[137] - The chairman held 1 meeting with independent non-executive directors without other directors present in 2023, as required by corporate governance code[138] - The company has 2 female directors, with plans to maintain gender diversity in board appointments and employee recruitment[144] - The roles of chairman and CEO are separated, with clear written definitions of their respective responsibilities[146] - The audit committee oversees financial reporting, risk management, and internal control systems, and reviews external auditor appointments[147][150][151] - Directors participated in professional development courses and seminars to stay updated on listing rules and corporate governance practices[139][141] Directors and Key Personnel - Xie Chang'an, a non-executive director since September 30, 2019, serves as the CEO of PepsiCo Greater China and has extensive experience in strategy and e-commerce roles within PepsiCo and other companies[6] - Wang Duo, a non-executive director since September 30, 2019, is the founding partner of Fengyuan Capital, focusing on investments in cloud computing, big data, and fintech[8] - Zhang Senquan, an independent non-executive director since November 19, 2018, has over a decade of experience in accounting and auditing, holding roles at major firms like EY and KPMG[9][11] - Hu Peng, an independent non-executive director since November 19, 2018, has extensive experience in capital markets and investment banking, including roles at UBS and Citigroup[14] - Ouyang Liangyi, an independent non-executive director since November 19, 2018, is an associate professor of finance at Peking University HSBC Business School, specializing in private equity and derivatives[15] - Xiong Xinsheng, the group's financial manager since August 2015, oversees financial planning, accounting, auditing, and internal controls, with prior experience in tax administration[16] Product and Brand Development - The company successfully promoted brands such as "Hei Zhi Yang" and "Xiao Tian Cai," contributing to online sales growth[71] - The company topped Tmall's Double 11 sales ranking in the beverage/supplement powder category[63] - The company focuses on traditional Chinese "food as medicine" concepts combined with modern nutrition to create healthy food products[59] - The company's flagship product "Walnut Black Sesame Powder" maintained its position as the top-selling natural powder product on Tmall for seven consecutive years[101] - The company collaborated with the Chinese Academy of Agricultural Sciences to develop a new high-sesamin sesame variety "Heizhiyang No. 1"[82] - The company partnered with celebrity influencers and KOLs to enhance brand image and attract a broader consumer base[83] - The company's "Black Sesame Ball" series won awards, including the iSEE Innovation Brand Top 100 and the Superior Taste Award from the International Taste Institute[91] Sustainability and Corporate Responsibility - The company collaborates with environmental organizations to protect the Yangtze River source and promote sustainability[61] Financial Reporting and Accounting Policies - The company evaluates potential impairment losses at each reporting period end and may reverse them if conditions improve[155] - New accounting standards on supplier financing arrangements require additional disclosures but are not expected to significantly impact financial statements[153] - Depreciation is calculated using the straight-line method over the estimated useful lives of property, plant, and equipment, with major annual rates specified[157] - Intangible assets acquired through business combinations are measured at fair value at the acquisition date, with finite useful lives amortized over their economic lives[159] - Deferred development costs are amortized on a straight-line basis over a commercial period of 5 to 7 years from the date of commercial production[161] - The group applies the short-term lease recognition exemption for leases with a term of 12 months or less and low-value asset leases[165] - Financial assets are classified and measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss[166] - Financial assets are considered in default when contract payments are overdue by 90 days, and are written off when there is no reasonable expectation of recovering contractual cash flows[170] - The group's financial liabilities include trade payables, amounts due to directors and related parties, dividends payable, convertible and redeemable preferred shares, and interest-bearing borrowings[200] - Contract assets are recognized when the group transfers goods or services to customers before being entitled to unconditional consideration, and are reclassified as trade receivables when the right to consideration becomes unconditional[185] - The group's reserves changes during the reporting period are detailed in the financial statements note 29[184] - The group's financial liabilities are derecognized when the obligation is discharged, canceled, or expired[195] Employee and Workforce Management - Employee costs in 2023 totaled RMB 140.2 million, a decrease of approximately 8% from RMB 156.3 million in 2022[29] - The company's total number of employees decreased from 697 in 2022 to 682 in 2023, with a stable gender ratio of approximately 1:2 (male to female)[128] Capital and Investments - Capital commitments as of December 31, 2023, were RMB 5.0 million, primarily for property, plant, and equipment for a new production facility in Guangzhou Nansha[23] - The interest-bearing debt ratio as of December 31, 2023, was 0.3%, down from 0.7% in 2022[28] Other Income and Gains - Other income and gains increased by RMB 3 million to RMB 19.5 million, mainly due to higher bank interest income[73]

本公司在致力推動業務發展及為股東爭取更大回報的同時，本集團亦確認會分擔建 設其業務建立及發展所在的社會的企業社會責任。 於2023年內，本公司或其任何附屬公司均沒有購買、出售或贖回本公司任何上市證 券。 報告期後事項 於2022年 董事進行證券交易的標準守則 審核初步公告 本集團主席謹藉此機會衷心感謝各位董事的寶貴建議及指導以及本集團每位員工 的辛勤工作及對本集團的忠誠。 香港，2024年3月25日 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 （以存續方式於開曼群島註冊的有限公司） （股份代號：1837） | --- | --- | --- | --- | |--------------------------|----------------------|----------------------|----------| | 財務摘要 | 2023 年 人民幣千元 | 2022 年 人民幣千元 | 同比變動 | | 收入 | 1,845,275 | 1,719,074 | 7% | | 毛利 | 1,181,484 | 1,098,3 ...

目錄 目錄 頁次 2 公司資料 4 管理層討論及分析 15 企業管治及其他資料 28 獨立審閱報告 30 中期簡明綜合損益及其他全面收入表 32 中期簡明綜合財務狀況表 34 中期簡明綜合權益變動表 36 中期簡明綜合現金流量表 38 ...

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聲明，並明確表示概不就因本公告全部或任何部分內 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。 Natural Food International Holding Limited 五谷磨房食品國際控股有限公司 （以存續方式於開曼群島註冊的有限公司） 1837 （股份代號： ） 2023 6 30 截至 年 月 日止六個月 中期業績 五谷磨房食品國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事 2023 6 30 （「董事」）會（「董事會」）欣然公佈本集團截至 年 月 日止六個月（「本期間」）的 2022 綜合業績連同 年同期的比較數字如下。 財務摘要 6 30 截至 月 日止六個月 2023 2022 年 年 按期變動 人民幣千元 人民幣千元 增加 873,853 840,411 4.0% 收入 ...

目錄 主席報告 4 • 確保內部和外聘核數師的工作得到協調，也須確保內部核數功能在本公司內部有足夠資源運作，並且有適 當的地位，以及檢討及監察其是否有效； 獨立核數師報告 60 綜合權益變動表 69 財務摘要 148 公司資料 截至2022年12月31日止年度，審核委員會舉行2次會議。審核委員會於會上考慮及批准有關本公司2021年年報、 2021年全年業績公告、2022年中期報告、2022年中期業績公告及2022年全年審核計劃。審核委員會同時評估本公 司的風險管理及內部控制措施。 公司資料 中國招商銀行 Cricket Square, Grand Cayman 開曼群島股份過戶登記總處 薪酬委員會 本人僅代表董事會向各位股東呈報我們截至2022年12月31日止年度報告。 食品飲料行業的優勢是坡長雪厚，但是隨著中國經濟和消費行業的蓬勃發展，整個行業百花盛開、分支繁多，與過 去強調單品和渠道能力的基礎上，對品牌也提出了更高的要求和挑戰。 桂常青 管理層討論及分析 • 向董事會建議個別執行董事及高級管理人員的薪酬待遇，包括實物福利、退休金權利及賠償金額（包括就喪 失或終止職務或委任應付的任何賠償）； 管理層討論及分 ...

34 香港，2023年3月28日 於本公告日期，執行董事為桂常青女士及張澤軍先生；非執行董事為謝長安女士及 王鐸先生；以及獨立非執行董事為張森泉先生、胡芃先生及歐陽良宜先生。 其他全面收入： 換算海外業務的匯兌差額 (45,044) 13,790 其後期間不會重新分類至損益的 其他全面收入： 功能貨幣換算為呈列貨幣 55,610 (19,141) 年內全面收入總額 127,028 81,180 下列人士應佔： 母公司擁有人 127,028 81,180 非控股權益 – – 127,028 81,180 每股盈利（以人民幣列示） 8 基本 0.054 0.039 攤薄 0.053 0.039 3 綜合財務狀況表 2022年12月31日 | --- | --- | --- | --- | |----------------------------------|-------|--------------------------------|--------------------------------| | | | | | | | 附註 | 2022 年 12 月 31 日 人民幣千元 | 2021 年 12 ...