公司名稱： 四川德康農牧食品集團股份有限公司 呈交日期： 2026年3月31日 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 備註： A部已發行股份變動佔有關股份發行前的現有已發行股份數目百分比是依據本公司已發行股份數目總額 (包括本公司全部已發行H 股及全部已發行内資股)(不包括庫存股份) 計算 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02419 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) FF305 表格類別： 股票 狀態： 新提交 公司名稱： 四川德康農牧食品集團股份有限公司 呈交日期： 2026年3月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02419 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股份 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 四川德康農牧食品集團股份有限公司 呈交日期： 2026年3月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02419 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 四川德康農牧食品集團股份有限公司 呈交日期： 2026年3月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02419 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不 ...

DEKON FOOD AND AGRICULTURE GROUP 四川德康農牧食品集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代碼：2419） 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 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。 2025年年度股東會通告 茲通告四川德康農牧食品集團股份有限公司（「本公司」）將於2026年4月15日（星期 三）上午十時正假座中國四川省成都市雙流區臨港路32號成都東航中心2號樓11層10 號會議室舉行2025年年度股東會（「年度股東會」），以審議及酌情批准以下決議案。 除另有所指者外，本通告所用詞彙與本公司刊發日期為2026年3月24日的通函（「通 函」）所定義者具有相同涵義。 作為普通決議案 – 1 – (1) 審議及批准2025年度董事會工作報告； (2) 審議及批准2025年度監事會工作報告； (3) 審議及批准本公司2025年度報告； (4) 審議及批准2026年董事及監事薪酬； (5) 審議及批准續聘會計師事務所； (6) 審 ...

與本代表委任表格有關的 H股股份數目 （附註1） 本人╱吾等 （附註2） 地址為 DEKON FOOD AND AGRICULTURE GROUP 四川德康農牧食品集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代碼：2419） 2025年年度股東會的代表委任表格（H股股東適用） 日期： 股東簽署 為四川德康農牧食品集團股份有限公司（「本公司」）股本中每股面值人民幣1.00元 股H股 （附註3） 為本人╱吾等的代表，代表本人╱吾等出席本公司於2026年4月15日（星期三）上午十時正假座中國四川省成都市雙流區臨港路 32號成都東航中心2號樓11層10號會議室舉行的年度股東會（「年度股東會」）或其任何續會，並於會上代表本人╱吾等依照下列 指示投票，如無該等指示，則由本人╱吾等的代表酌情投票。 | | 普通決議案 | （附註5） 同意 | （附註5） 反對 | （附註5） 棄權 | | --- | --- | --- | --- | --- | | 1. | 審議及批准2025年度董事會工作報告； | | | | | 2. | 審議及批准2025年度監事會工作報告； | | | | | 3. | ...

此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢股票經紀或其他持牌證券交易商、銀 行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下全部四川德康農牧食品集團股份有限公司股份售出或轉讓，應立即將本通函連同隨 附代表委任表格轉交買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買 主或承讓人。 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通函的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本通函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。 DEKON FOOD AND AGRICULTURE GROUP 四川德康農牧食品集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代碼：2419） (1)2025年度董事會工作報告； (2)2025年度監事會工作報告； (3)本公司2025年度報告； (4)2026年董事及監事薪酬； (5)續聘會計師事務所； (6)為本公司及下屬子公司申請綜合授信額度； (7)本公司為下屬子公司以及下屬子公司之間互為擔保； (8)建議授予董事會發行股份 ...

（於中華人民共和國註冊成立的股份有限公司） 股份代號 : 2419 2025 環境、社會及 管治報告 目錄 | 關於本報告 | 2 | | --- | --- | | 董事會聲明 | 3 | | 董事長致辭 | 4 | | 關於我們 | 6 | | 我們的戰略 | 7 | | 我們的文化 | 9 | | 2025年大事記 | 10 | | 社會認可 | 14 | | ESG戰略與管理 | 16 | | ESG治理 | 16 | | ESG聚焦領域 | 17 | | 利益相關方溝通 | 18 | | 重要性議題分析 | 19 | | 一、治理築基，護航高質量發展 | 20 | | 1.1 完善公司治理 | 20 | | 1.2 強化風險管理 | 22 | | 1.3 誠信合規經營 | 25 | | 1.4 投資者權益保護 | 29 | | 1.5 優化價值鏈管理 | 29 | | 1.6 客戶服務管理 | 36 | | 二、創新驅動，助力產業升級 | 38 | | 2.1 科創賦能發展 | 38 | | 2.2 食品安全與質量 | 41 | | 2.3 動物健康與生物安全管理 | 44 | | --- | -- ...

Financial Performance - The company's operating revenue for 2025 was RMB 23,159,024, an increase from RMB 22,464,030 in 2024, representing a growth of approximately 3.1%[6] - The total profit for 2025 was RMB 1,422,309, a significant decrease from RMB 3,269,015 in 2024, indicating a decline of about 56.5%[6] - Net profit attributable to equity shareholders for 2025 was RMB 1,433,249, down from RMB 3,159,890 in 2024, reflecting a decrease of approximately 54.6%[6] - The average selling price of commodity pigs in 2025 was RMB 1,851, down from RMB 2,193 in 2024, showing a decline of about 15.6%[6] - The overall gross margin decreased from 23.0% in 2024 to 13.7% in 2025, attributed to a 17.7% drop in average selling price of pork from RMB 16.70/kg to RMB 13.74/kg[70] - The company's revenue for 2025 was RMB 23,159.0 million, a 3.1% increase from RMB 22,464.0 million in 2024, primarily driven by growth in the pig segment[68] - Operating costs for 2025 were RMB 19,976.5 million, up 15.5% from RMB 17,292.5 million in 2024, mainly due to increased sales of pork and poultry products[69] - For the year ended December 31, 2025, the company's EBITDA was RMB 2,513.7 million, a decrease of 44.8% from RMB 4,552.5 million in 2024[84] - The net cash generated from operating activities for 2025 was RMB 2,530.7 million, down 52.9% from RMB 5,361.8 million in 2024[87] Production and Sales - In 2025, the company sold a total of 10,827,982 pigs, with 10,599,814 sold to external customers and 228,168 sold internally for processing[6] - The company achieved sales of 88,136,896 yellow feather broilers in 2025, with an average selling price of RMB 32.4, compared to 88,120,210 in 2024 at RMB 36.1[6] - In 2025, the pig farming sector achieved a revenue of RMB 18,807.49 million, representing a year-on-year growth of 2.9%, with sales volume increasing by 23.3% to 10,827.98 thousand heads[52] - The average selling price of commodity pigs was RMB 13.74 per kilogram, a decrease of 17.7% year-on-year, primarily due to a prolonged downturn in the pig market[52] - The poultry segment reported a revenue of RMB 2,929.96 million, a decline of 10.6% year-on-year, with sales volume remaining stable at 88,136.9 thousand birds[59] Operational Efficiency and Cost Management - The company implemented lean management practices, significantly reducing costs and enhancing operational efficiency during industry downturns[53] - The company's self-breeding initiatives led to an average of 18.5 piglets per sow, with annual feed consumption reduced by 92 kilograms per pig, effectively lowering breeding costs[54] - The company has maintained a proactive approach to capital deployment, often acting a year ahead of industry trends to avoid cyclical downturns[29] - The company focuses on enhancing operational efficiency and reducing costs, leading to a significant narrowing of losses in the fourth quarter[62] - The company has trained over 82,000 farmers in the reporting period, contributing to improved farming efficiency and reduced risks[58] Strategic Initiatives and Innovations - The company plans to continue focusing on technological innovation and efficiency improvements in agriculture to address core challenges in the industry[12] - Dekang aims to enhance the overall efficiency of the industry chain, with the second farm's output ratio continuously increasing and the complete cost steadily decreasing[27] - The company is committed to a vertical integration business model, covering the entire industry chain from feed production to sales, ensuring high-quality food safety control[40] - The company is implementing a digital transformation strategy to enhance management efficiency and real-time cost control across the entire supply chain[128] - The company aims to enhance breeding performance by increasing the average number of piglets per litter and weaning rates, effectively reducing production costs from the source[125] Market Position and Recognition - The company was recognized as one of the top 500 private enterprises in China in 2025, ranking 294th[11] - The company was awarded the "Best Hong Kong Stock Connect Company" and "Best IR Team Award" in the 10th Zhitong Finance Listed Company Selection[11] - The company has established a comprehensive food safety management system covering all critical stages of the supply chain to mitigate food safety risks[112] - The company is recognized as a top player in swine breeding efficiency and cost control, demonstrating resilience through market cycles[118] Employee and Management Practices - In 2025, 1,759 employees were promoted, accounting for 15.48% of the workforce, with a middle management turnover rate of 5.51% and a senior management turnover rate of 0%[26] - The company has trained 25,800 technical personnel and achieved a total of 672,800 training sessions over the past 10 years, establishing nearly 50 training bases nationwide[18] - The company plans to conduct over 310,000 employee training sessions by 2025 to enhance frontline team skills and efficiency[104] - The company emphasizes continuous professional development for directors, providing internal briefings and relevant reading materials[155] Governance and Compliance - The board held five meetings during the reporting period, with all executive directors attending 100% of the meetings[141] - Independent non-executive directors confirmed their independence in accordance with the listing rules, ensuring compliance with governance standards[148] - The company has established a board independence assessment mechanism to enhance board effectiveness and protect shareholder interests[149] - The company has established a disclosure policy to guide directors and senior management in handling confidential information and responding to inquiries[191] Risk Management - The company has implemented a multi-faceted risk management strategy to address price volatility, including operational efficiency improvements and financial hedging[108] - The board has reviewed the effectiveness of the risk management and internal control systems, confirming their adequacy[186] - The company has a robust internal audit function to ensure compliance with financial and operational controls[187] Future Outlook - The core strategic focus for 2026 is set as "lean operations, quality first" to ensure stable operations and sustainable development in a complex market environment[121] - The swine industry is expected to remain in a downward cycle in 2025, with market supply leading to price declines and reduced profit margins[107] - The board anticipates that the swine industry will experience structural adjustments and cost pressures due to global supply chain impacts on feed prices[115]

Financial Performance - The company reported a revenue of RMB 23,159 million for the year ending December 31, 2025, representing an increase of 3.1% from RMB 22,464 million in 2024[4] - The total profit for 2025 was RMB 1,422 million, a significant decrease of 56.5% compared to RMB 3,269 million in 2024[4] - Net profit attributable to equity shareholders was RMB 1,433 million, down 54.6% from RMB 3,160 million in the previous year[4] - Basic earnings per share for 2025 were RMB 3.69, down 54.5% from RMB 8.13 in 2024[7] - The company's EBITDA for 2025 is RMB 2,513.7 million, a decrease from RMB 4,552.5 million in 2024[54] - The net cash from operating activities for 2025 is RMB 2,530.7 million, compared to RMB 5,361.8 million in 2024[54] - The overall gross margin decreased from 23.0% in 2024 to 13.7% in 2025, attributed to a 17.7% drop in average selling price of pork and a 12.2% decline in average selling price of chicken[41] Sales and Production - The company sold a total of 10,224,443 commodity pigs in 2025, an increase of 19.7% from 8,544,396 in 2024[3] - The average selling price of commodity pigs decreased to RMB 1,851 per head in 2025 from RMB 2,193 in 2024, a decline of 15.6%[3] - The annual swine sales volume reached 10,827.98 thousand heads, representing a year-on-year growth of 23.3%, while the average selling price of commodity pigs was RMB 13.74 per kilogram, a decrease of 17.7%[30] - The poultry segment reported revenue of RMB 2,929.96 million, a 10.6% year-on-year decline, with sales volume remaining stable at 88,136.9 thousand birds[33] - The auxiliary products segment achieved revenue of RMB 1,422 million, a 55.25% year-on-year increase, driven by growth in the slaughtering business[34] Assets and Liabilities - The company’s total assets as of December 31, 2025, were RMB 23,454 million, up from RMB 22,469 million in 2024, reflecting a growth of 4.4%[8] - The company’s total liabilities increased slightly to RMB 14,527 million in 2025 from RMB 14,471 million in 2024, a rise of 0.4%[9] - Total equity attributable to shareholders increased to RMB 8,854,772,634.44 in 2025, up from RMB 7,879,363,472.52 in 2024, representing a growth of 12.3%[10] - The company's total liabilities and equity reached RMB 23,454,477,030.05 in 2025, compared to RMB 22,469,059,119.69 in 2024, indicating a year-over-year increase of 4.4%[10] - The total amount of accounts payable increased to RMB 2,507,237,897.07 in 2025, compared to RMB 1,944,826,361.47 in 2024, which is an increase of 28.9%[15] - Accounts receivable from third-party companies rose significantly to RMB 41,241,759.24 in 2025, compared to RMB 11,715,382.04 in 2024, marking an increase of 252.5%[13] Operational Efficiency - The company implemented lean management practices, significantly reducing costs and enhancing operational efficiency during market challenges[30] - The company has implemented a comprehensive feed cost control system to mitigate the impact of raw material price fluctuations on profitability[72] - The company aims to reduce weaning costs by approximately 15% through enhanced management practices, thereby solidifying its profit foundation[80] - The company plans to maintain a comprehensive cost control strategy, targeting to keep the total sales cost of pigs at a competitive industry level, ensuring sufficient safety margins and profit potential even at the bottom of the cycle[80] Employee and Training - The total number of employees increased by 8.5% to 11,363 as of December 31, 2025, compared to 10,475 in 2024[68] - Total employee compensation for 2025 is projected to be approximately RMB 1,705.4 million, an increase from RMB 1,559.2 million in 2024[69] - The company trained over 82,000 farmers during the reporting period, with a cumulative total exceeding 210,000 in the past three years, enhancing farming efficiency and reducing risks[35] - The company plans to conduct over 310,000 employee training sessions by 2025 to enhance frontline team skills and efficiency[70] Market Outlook - The swine industry is projected to see a total output of 71,973 thousand heads in 2025, a year-on-year increase of 2.4%[26] - The poultry industry is expected to experience a price recovery in the latter half of 2025 due to capacity reduction and seasonal demand increases[27] - The swine industry is expected to experience a downward cycle in 2025, leading to a decline in sales prices due to relaxed market supply and demand[71] - The company anticipates that the pig industry will remain in a cyclical bottom phase with structural adjustments through 2026, facing cost pressures and significant animal disease risks[78] Corporate Governance - The company has complied with corporate governance codes and maintains high standards of ethical conduct and transparency[91] - The company plans to continue monitoring its corporate governance practices to ensure compliance with applicable regulations[93] - The audit committee has been established in accordance with the Listing Rules to provide independent opinions on the effectiveness of the financial reporting system and internal controls[99] - The audit committee reviewed the annual performance and consolidated financial statements for the year ending December 31, 2025[100] Capital Expenditure and Investments - The company's capital expenditure for 2025 is RMB 1,752.7 million, significantly higher than RMB 935.4 million in 2024[62] - The company plans to invest HKD 39.4 million in constructing a 5,000-ton cold storage and fresh meat production line, expected to be utilized by the end of 2026[92] - The company has reallocated HKD 95.3 million originally intended for pig breeding expansion to food processing development due to changes in project requirements[89] Shareholder Returns - The company approved a cash dividend of RMB 349,988,072.40 for the year ending December 31, 2024, equivalent to RMB 0.9 per share, compared to no dividend in 2024[16] - The company will not declare a final dividend for the year ending December 31, 2025, compared to a dividend of RMB 0.9 per share in 2024[87]