Company Overview - Vedan International is the largest MSG producer in Southeast Asia and the largest supplier of lysine and cassava starch-based industrial products in Vietnam[8]. - The Group's production facilities are located in Vietnam and the PRC, ensuring a steady upstream supply of raw materials and advanced fermentation production technology[10]. - The company has undergone continuous production expansion due to strong growing demand since establishing its major production base in Vietnam in 1991[8]. - The company is committed to expanding its market presence in ASEAN countries, the PRC, Japan, Taiwan, and several European countries[7]. - Vedan International's products are primarily marketed under the VEDAN brand name, catering to food distributors and manufacturers across various industries[7]. Financial Performance - In 2021, Vedan International reported significant growth in revenue, driven by increased demand for its fermentation-based amino acids and food additive products[14]. - The company's revenue for the year ended December 31, 2021, was approximately US$382,361,000, representing an increase of 6.0% compared to US$360,741,000 in 2020[27]. - Gross profit decreased to approximately US$60,373,000, down 16.8% from US$72,556,000 in the previous year, with a gross profit margin of 15.8%[27]. - Net profit for the year was approximately US$11,032,000, a decrease of 33.8% from US$16,677,000 in 2020, resulting in a net profit margin of 2.9%[27]. - Overall revenue fell by approximately 2.2% compared to last year due to pandemic-related restrictions in Vietnam[33]. Market Performance - Revenue from the PRC operations grew by approximately 34.9% compared to the previous year, driven by strong demand for trade products and coffee beans[30]. - The ASEAN market saw an 11.3% increase in revenue year-on-year, attributed to higher sales volumes of key products[30]. - Revenue in Vietnam decreased by 0.7% due to strict pandemic measures impacting production and sales activities[30]. - The United States market experienced a revenue drop of around 2.2% due to skyrocketing ocean freight rates and container shortages[30]. - Revenue from trade products in the PRC surged by approximately 63.0% year-on-year, attributed to enhanced product mix and sales network[33]. Strategic Initiatives - The Group's strategic acquisitions, including the factory in Xiamen and Shanghai Vedan Foods Company, have strengthened its market position in the PRC[8]. - The Group anticipates continuous supply shortages and high prices for raw materials, energy, and packaging materials in 2022[37]. - The Group aims to secure major sources of raw materials and enhance sales strategies to stabilize production costs amid rising inflation risks[37]. - The Group plans to strengthen supply chain management and seek strategic alliances to enhance core competitiveness and create greater operational value[55]. - The Group intends to adopt a "co-opetition" strategy to leverage its production base in Vietnam and develop markets under various free trade agreements, enhancing competitive advantages[102]. Leadership and Governance - The management team possesses extensive experience and knowledge, contributing to the Group's strong competitiveness in the industry[10]. - The Group's strategic management is focused on business development and operational efficiency, led by experienced executives[126]. - The Group emphasizes high-level corporate governance standards as a foundation for effective operation and sustainable development[150]. - The Group's corporate governance practices are aligned with the Corporate Governance Code set by the Hong Kong Stock Exchange[151]. - The Group has established a strong foundation in the MSG industry, with key executives having decades of relevant experience[135]. Risk Management - The Group's internal control and risk management systems are monitored by the Board to ensure sound governance practices[1]. - The Audit Committee assists the Board in overseeing the management of existing or potential risks within the Company[171]. - The Group has established an "Investment Review Board" to rigorously evaluate mid-to-long-term investments and strategic alliances[180]. - The Group's risk management includes financial cycle management, credit risk management, and regular assessments of capital position and market conditions[177]. - The Group has maintained the soundness of its information management system and safeguarded network information security[180]. Environmental and Social Responsibility - The Group actively fulfills its environmental and social responsibilities as part of its business operations[153]. - The Group has implemented environmental protection measures in accordance with local regulatory requirements to fulfill its environmental responsibilities[182]. - The Group conducts reviews and risk analyses on occupational safety and hygiene incidents to formulate improvement measures[183]. - The Group's legal affairs department collaborates with professional legal counsels to mitigate risks and ensure law compliance[180]. - The Group plans to focus on energy conservation and resource recycling to improve energy efficiency and support sustainable operations[104].

VET INTERNATIONA 中期業績報告 INTERIN REPO n 21 Vedan International (Holdings) Limited 味丹國際(控股)有限公司 Stock Code 股份代號 : 02317.HK Contents 目錄 Contents 目錄 | --- | --- | |-------|---------------------------------------------------------------------------------------------| | | | | 2 | Financial Highlights 財務摘要 | | 3 | Corporate Information 公司資料 | | 5 | Chairman's Statement 主席報告書 | | 8 | Management Discussion and Analysis 管理層討論及分析 | | 21 | Other Information 其他資料 | | 25 | Review Report of the Independent Auditor 獨立核數師審閱 ...

INT D Vedan International (Holdings) Limited 味丹國際(控股)有限公司 Stock code 股份代號：2317 Content 目錄 | --- | --- | --- | |--------------------------------------------------------------------------------------|-------|-----------------------------------------------------------------| | | | | | Corporate Profile 公司簡介 | 109 | Independent Auditor's Report 獨立核數師報告 | | Corporate Information 公司資料 | 117 | Consolidated Balance Sheet 綜合資產負債表 | | Financial Highlights 財務摘要 | 119 | Consolidated Income Statement 綜合收益表 | | Chairman' ...

VEC INTERNATIONAL 中期業績報告 INTERIN REPORT VEDAN INTERNATIONAL (HOLDINGS) LIMITED 味丹國際(控股)有限公司 STOCK CODE 股份代號: 2317 Contents 目錄 Contents 目錄 | --- | --- | |-------|---------------------------------------------------------------------------------------------| | | | | 2 | Financial Highlights 財務摘要 | | 3 | Corporate Information 公司資料 | | 5 | Chairman's Statement 主席報告書 | | 9 | Management Discussion and Analysis 管理層討論及分析 | | 22 | Other Information 其他資料 | | 26 | Review Report of the Independent Auditor 獨立核數師審閱報告 | | ...

Vedan International (Holdings) Limited 味丹國際(控股)有限公司 Stock code 股份代號: 2317 FINA Content 目錄 2 Corporate Profile 公司簡介 4 Corporate Information 公司資料 5 Financial Highlights 財務摘要 7 Chairman's Statement 主席報告書 14 Management Discussion and Analysis 管理層討論與分析 32 Profile of Directors, Senior Management and Company Secretary 董事、高級管理層及公司秘書簡介 38 Corporate Governance Report 企業管治報告 49 Environmental, Social and Governance Report 環境、社會及管治報告 83 Notes to the Environmental, Social and Governance Report 環境、社會及管治報告附註 99 Report of D ...

中期業績報告 INTERIM REPORT 2019 Vedan International (Holdings) Limited 昧丹國際 (控股)有限公司 Stock code 股份代號: 2317 Contents 目錄 Contents 目錄 | --- | --- | |-------|---------------------------------------------------------------------------------------------| | | | | 2 | Financial Highlights 財務摘要 | | 3 | Corporate Information 公司資料 | | 5 | Chairman's Statement 主席報告書 | | 8 | Management Discussion and Analysis 管理層討論及分析 | | 20 | Other Information 其他資料 | | 24 | Review Report of the Independent Auditor 獨立核數師審閱報告 | | 25 | Interim ...

ward wed INTERNATIONA Vedan International (Holdings) Limited 味丹國際(控股)有限公 Stock code 股份代號:2317 Content 目錄 Annual Report 2018 年報 01 | --- | --- | --- | --- | --- | --- | --- | |-------|------------------------------------------------------------------------------------------------|-------|-------|----------------------------------------------------------------|------------------------------------------------|-------| | | | | | | | | | | Content | | | | | | | 目錄 | | | | | | | | | | | | | | | | | | | | | | | | ...