Revenue and Business Segments - The Group's revenue is derived from two business segments: upstream products and fermented and downstream products, with production activities carried out in the People's Republic of China (PRC) [5]. - Total revenue for the Group decreased slightly by 3.2% to approximately RMB11,415,755,000, while gross profit increased significantly from approximately RMB556,572,000 to RMB1,163,247,000 [91]. - Revenue from fermented and downstream products rose significantly by 37.7% to RMB4,407,871,000 (2023: RMB3,200,671,000) [105]. - Lysine revenue increased by 51.5% to RMB3,427,579,000 (2023: RMB2,261,792,000), with sales volume reaching 578,095 tonnes, a 69.7% increase [107]. - The annual production capacity for starch and lysine reached 2,800,000 tonnes and 560,000 tonnes, respectively, an increase from 2,700,000 tonnes and 500,000 tonnes in 2023 [77]. Financial Performance - Profit after taxation increased over fourfold to RMB625,589,000, with basic earnings per share rising to RMB0.0808 [92]. - The Group's gross profit for upstream products increased by 230.4% to RMB429,334,000, despite a substantial decrease in market prices for corn kernel and upstream products [83]. - The profitability of the corn-refined industry improved despite a decline in market prices for starch and lysine, as raw corn kernel prices dropped significantly [75]. - Total cost of sales for 2024 was approximately RMB10,252,508,000, an 8.8% decrease from RMB11,240,962,000 in 2023, primarily due to lower raw material prices [110]. - The average corn kernel cost for 2024 was about RMB2,071 per tonne (2023: RMB2,543), reflecting a significant decrease [111]. Dividends and Shareholder Returns - The Board recommends a final dividend of HK0.98 cents per share for the year ended 31 December 2024, expected to be paid on or about 16 July 2025 if approved at the AGM [13]. - The total shareholder return for 2024 was 44.8%, a significant recovery from a negative return of -36.5% in 2023 [132]. - The Company had reserves available for distribution to shareholders amounting to approximately RMB126,115,000 as of December 31, 2024 [140]. Corporate Governance and Compliance - Related party transactions for the year ended 31 December 2024 are fully exempt connected transactions as defined in the Listing Rules [8]. - No significant transactions, arrangements, or contracts involving Directors' material interests were reported during the financial year [25]. - The Directors and other officers are indemnified against losses and liabilities incurred in the execution of their duties, excluding those arising from fraud and dishonesty [26]. - The company has maintained appropriate directors' and officers' liability insurance for indemnifying against losses from legal actions [36]. - There were no incidents of non-compliance with relevant laws and regulations during the year under review, indicating a strong adherence to legal standards [198]. Environmental and Sustainability Efforts - The Group is committed to complying with all environmental policies and has an internal laboratory to monitor product quality to ensure compliance with national standards, including food safety standards [7]. - The Group's environmental and sustainability efforts are detailed on pages 20 to 31, highlighting compliance and stakeholder relationships [6]. - The report highlights the company's commitment to environmental sustainability and compliance with local regulations [164]. - The company recognizes the significance of ESG (Environmental, Social, and Governance) issues and integrates them into its business operations [168]. Risk Management - The Risk Review Report on pages 32 to 36 provides a comprehensive review of principal risks and uncertainties facing the Group [6]. - The Group does not consider foreign exchange risk significant, as most transactions are denominated in Renminbi [148]. Employee and Training Initiatives - The number of employees in 2024 is 2,205, a decrease of 2.6% from 2,263 in 2023 and 6.6% from 2,360 in 2022 [194]. - The staff turnover ratio for all grades in 2024 is 3.6%, down from 4.7% in 2023 and 5.8% in 2022 [194]. - Mandatory in-house training is provided to all staff, enhancing awareness of anti-corruption and conflict of interest situations [197]. - The training hours per month for general staff increased to 15.0 hours in 2024 from 14.6 hours in 2023 [194]. Share Option Scheme - The Share Option Scheme was adopted on May 19, 2017, to incentivize directors and employees [40]. - The Company has not granted any share options under the Share Option Scheme since its adoption [48]. - Eligible participants of the Share Option Scheme include employees, non-executive directors, suppliers, customers, and other contributors to the Group's growth [45]. - Any grant of options to a director or substantial shareholder exceeding 0.1% of the issued shares or valued over HK$5 million requires shareholder approval [46]. Production and Operational Efficiency - The Group's production volume increased due to technological upgrades and improved operational efficiency [74]. - The modified starch business recorded increased sales supported by enhancements in sewage treatment capabilities and increased customer orders [90]. - New thermal power facilities are expected to enhance operational efficiency and reduce energy costs over time [80]. - The management anticipates continued stock competition in 2025 and is exploring opportunities to extend the industrial chain and diversify its business layout [76].

中国淀粉发布年度业绩 股东应占溢利4.82亿元 同比 增长346.7% 末期息每股0.98港仙 成本方面，国内玉米产量不断增长而动物饲料及养殖业需求减少，玉米粒价格明显下降。在淀粉及 赖氨酸市场价格下降幅度低于玉米粒价格下降幅度之下，玉米深加工行业反而出现盈利改善的情况。 管理层预计2025年市场仍将是存量竞争。在此情况下，集团积极研究延伸产业链以多点布局为发展 方向。 中国淀粉(03838)发布截至2024年12月31日止年度初步全年业绩，集团收入人民币114.16亿元，同比 减少3.2%;股东应占溢利4.82亿元，同比增长346.7%;每股基本盈利0.0808元;拟派末期息每股0.98港仙。 本年度，集团通过技术改造、缩短检修周期、稳定生产工艺及使赖氨酸(去年年底已扩充产能)量产 等因素，各类产品产量较去年均有增加。 ...

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 11,415,755, a decrease of 3.2% compared to RMB 11,797,534 in 2023[2] - Gross profit increased by 109.0% to RMB 1,163,247 from RMB 556,572 in the previous year[2] - Operating profit surged by 418.2% to RMB 815,941, up from RMB 157,470 in 2023[2] - Net profit for the year reached RMB 625,589, a significant increase of 297.5% compared to RMB 157,396 in 2023[2] - Shareholders' profit attributable to the company was RMB 482,253, reflecting a growth of 346.7% from RMB 107,959[2] - Basic earnings per share rose by 348.9% to RMB 0.0808 from RMB 0.0180 in the previous year[2] - Proposed final dividend per share increased by 42.0% to HKD 0.98 from HKD 0.69[2] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 6,958,889, up from RMB 5,352,626 in 2023[6] - Current assets increased significantly to RMB 4,419,363 from RMB 2,697,624 in the previous year[6] - Total liabilities rose to RMB 2,465,234 from RMB 1,416,073, indicating a growth in financial obligations[6] Revenue Breakdown - Revenue from external customers in China for the reporting period was RMB 10,702,521,000, while revenue from other countries was RMB 713,234,000, compared to RMB 10,856,939,000 and RMB 940,595,000 in the previous year[9] - Revenue from fermentation and downstream products rose significantly by 37.7% to RMB 4,407,871,000, up from RMB 3,200,671,000 in 2023[31] - Lysine revenue increased significantly by 51.5% to RMB 3,427,579,000 in 2024, compared to RMB 2,261,792,000 in 2023[32] - Lysine export volume increased to approximately 72,921 tons in 2024, compared to 59,383 tons in 2023, despite a challenging market environment[26] - Starch sugar revenue was approximately RMB 500,583,000, up from RMB 472,198,000 in 2023, with sales volume increasing by 21.1% to 217,581 tons[32] Cost and Expenses - Cost of goods sold decreased to RMB 8,809,092,000 in 2024 from RMB 10,044,812,000 in 2023, while research expenses dropped significantly to RMB 89,669,000 from RMB 160,490,000[11] - Sales cost decreased by 8.8% to RMB 10,252,508,000 in 2024, down from RMB 11,240,962,000 in 2023, primarily due to a significant drop in corn prices[34] - Average cost of corn in 2024 was RMB 2,071 per ton, compared to RMB 2,543 per ton in 2023[34] - Administrative expenses increased to RMB 217,323,000 in 2024 from RMB 194,551,000 in 2023, driven by higher government fees and employee costs[36] Tax and Income - The income tax expense for 2024 was RMB 212,551,000, a substantial increase from RMB 19,437,000 in 2023, primarily due to the introduction of current income tax in China[12] Shareholder Information - The proposed final dividend for 2024 is HKD 0.98 per share, amounting to HKD 58,452,000, compared to HKD 41,183,000 in 2023[15] - The company reported a total shareholder return rate of 44.8% in 2024, compared to -36.5% in 2023[42] - The company has available reserves for distribution to shareholders of approximately RMB 126,115,000 as of December 31, 2024[46] - The board proposed a final dividend of HKD 0.98 per share for the year ended December 31, 2024, subject to shareholder approval at the 2025 Annual General Meeting[47] Operational Capacity - The production capacity for starch and lysine reached 2,800,000 tons and 560,000 tons respectively by the end of 2024, up from 2,700,000 tons and 500,000 tons in 2023[22] - The company announced two projects aimed at expanding long-term capacity, including upgrading existing starch production facilities to increase annual capacity from 1,000,000 tons to 1,550,000 tons[23] - The company is actively researching to extend its industrial chain and diversify its development direction in response to ongoing market competition[22] - The company plans to enhance production efficiency and customer satisfaction through resource investment and operational optimization[22] Employee and Financial Management - The company employed approximately 2,209 full-time employees as of December 31, 2024, down from 2,267 in 2023, with total employee costs around RMB 283,737,000[39] - The leverage ratio as of December 31, 2024, increased significantly to 21.3% from 10.5% in 2023, primarily due to working capital needs and favorable bank interest rates[43] - Total bank borrowings amounted to approximately RMB 1,420,301,000, all of which were short-term loans as of December 31, 2024[43] - The company has implemented financial risk management policies to ensure all payables are settled within the relevant credit periods[18] Compliance and Governance - The company has complied with the corporate governance code as per the listing rules, except for the absence of the chairman at the 2024 Annual General Meeting due to other business commitments[51] - The 2024 annual report will be published around April 11, 2025, containing all information required by the listing rules[54] Miscellaneous - The company has no recorded losses for trade receivables in both 2024 and 2023, indicating stable credit management[16] - Trade receivables decreased to RMB 82,970,000 in 2024 from RMB 136,797,000 in 2023, with the aging analysis showing a significant drop in receivables aged 0-30 days[16] - Trade payables increased to RMB 157,694,000 in 2024 from RMB 132,443,000 in 2023, with the average credit period for purchases remaining at 80 days[18] - The company pledged assets with a total book value of RMB 1,281,000,000 to secure various credit facilities from banks[44] - As of December 31, 2024, the company had no significant contingent liabilities[45] - The company repurchased a total of 4,075,000 shares at a total cost of approximately HKD 607,000 during the year ended December 31, 2024[50]

China StarchHoldings Limited 中國澱粉控股有限公司 (incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立之有限公司) Stock Code 股份代號: 3838 Contents 目錄 | --- | --- | |--------------------------------------------------------------------------|--------------------------| | | | | Consolidated Statement of Profit or Loss and Other Comprehensive Income | 合併損益及其他綜合收益表 | | Consolidated Statement of Financial Position | | | Consolidated Statement of Changes in Equity | 合併財務狀況表 | | Condensed Consolidated Statement of C ...

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依賴 該等內容而引致的任何損失承擔任何責任。 合併損益及其他綜合收益表 CHINA STARCH HOLDINGS LIMITED 中國澱 粉 控股有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：3838） 截至二零二四年六月三十日止六個月之中期業績 中國澱粉控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，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之未經審核合併中期業績，連同比較數 字載述如下： | --- | --- | --- | --- | |----------------------------------------------|-------|-------------------------------------------------------------------|--------------------------------------| | | 附註 | 截至六 ...

Financial Performance - For the year ended December 31, 2023, the total revenue was RMB 11,797,534, a decrease of 1.26% from RMB 11,948,852 in 2022[5] - Gross profit for the year was RMB 556,572, down 53.3% from RMB 1,190,475 in the previous year[5] - Operating profit decreased significantly to RMB 157,470, a decline of 74.0% compared to RMB 607,326 in 2022[5] - The net profit attributable to shareholders was RMB 107,959, down 69.4% from RMB 352,009 in the prior year[5] - Basic and diluted earnings per share were RMB 0.0180, compared to RMB 0.0587 in 2022, reflecting a decrease of 69.3%[5] - For the fiscal year ending December 31, 2023, the company's revenue was RMB 11,797,534,000, a decrease of 1.3% compared to RMB 11,948,852,000 in 2022[26] - Gross profit for 2023 was RMB 556,572,000, reflecting a significant decline of 53.2% from RMB 1,190,475,000 in the previous year[26] - Operating profit dropped by 74.1% to RMB 157,470,000 in 2023, down from RMB 607,326,000 in 2022[26] - The net profit attributable to shareholders for 2023 was RMB 107,959,000, a decrease of 69.3% compared to RMB 352,009,000 in 2022[26] - The total revenue for the year ended December 31, 2023, decreased by 1.3% to approximately RMB 11,797,534,000 compared to RMB 11,948,852,000 in 2022[70] - The gross profit significantly dropped by 53.2% to approximately RMB 556,572,000 from RMB 1,190,475,000 in the previous year[70] Assets and Liabilities - Total assets increased to RMB 5,352,626, up from RMB 5,105,848 in 2022, representing a growth of 4.84%[6] - Non-current assets rose to RMB 2,655,002, an increase of 8.84% from RMB 2,439,327 in the previous year[6] - Current assets totaled RMB 2,697,624, slightly up from RMB 2,666,521 in 2022, indicating a growth of 1.16%[6] - The total liabilities increased to RMB 1,416,073,000 in 2023 from RMB 1,284,065,000 in 2022, indicating a rise in financial obligations[29] - Deferred income decreased to RMB 164,751,000 in 2023 from RMB 244,722,000 in 2022, reflecting changes in revenue recognition[29] Sales and Market Performance - The company reported a substantial increase in sales volume of modified starch during the review period, despite challenges from urban wastewater treatment policies[24] - The average market prices of agricultural products, including soybeans, wheat, and corn, were lower in 2023 compared to 2022, indicating a global economic downturn[22] - The company's sales to external customers in China amounted to RMB 10,856,939,000, while sales to other countries were RMB 940,595,000 in 2023[33] - Total revenue from upstream products slightly decreased, with corn starch average selling price down 2% to RMB 2,816 per ton, while sales volume increased to approximately 2,007,204 tons from 1,953,563 tons in 2022[50] - Revenue from lysine products decreased to RMB 2,261,792,000 from RMB 2,424,684,000, despite an increase in sales volume to approximately 340,746 tons from 314,179 tons, indicating an average selling price drop to RMB 6,638 per ton from RMB 7,718 per ton[51] - The upstream product segment accounted for about 72.9% of the annual revenue, indicating its critical role in the company's performance[67] - Revenue from lysine and corn protein powder, key raw materials for animal feed, was significantly impacted due to oversupply in the pork market[68] - The average selling price of starch sugar increased by 15.5% to RMB 2,629 per ton, while sales volume decreased by 24.4% to 179,598 tons[74] - Other fermentation products saw a substantial revenue increase of 42.4% to approximately RMB 115,098,000, attributed to the full-year impact after trial operations in 2022[75] Expenses and Cost Management - Distribution expenses reduced to RMB 157,175,000 from RMB 171,044,000, primarily due to decreased delivery costs[54] - Research expenses significantly decreased to RMB 160,490,000 from RMB 324,108,000, attributed to a reduction in the number of research projects[55] - The total sales cost rose to RMB 11,240,962,000 from RMB 10,758,377,000 in the previous year, with stable corn grain costs at RMB 2,543 per ton[75] Shareholder Information - The company plans to distribute a final dividend of HKD 0.69 per share, totaling RMB 41,183,000, pending shareholder approval[14] - The proposed final dividend for the fiscal year ending December 31, 2023, is 0.69 HKD per share, subject to shareholder approval at the 2024 annual general meeting[92] - The company maintained a reserve of approximately RMB 125,739,000 available for distribution to shareholders as of December 31, 2023[83] - The total shareholder return rate for 2023 was -36.5%, compared to 9.4% in 2022[90] - The company repurchased a total of 25,565,000 shares at an approximate cost of 3,375,000 HKD during the fiscal year ending December 31, 2023[95] Financial Ratios and Credit Management - The company's current ratio decreased to 2.3 in 2023 from 2.8 in 2022, while the quick ratio also declined from 1.9 to 1.6[90] - The leverage ratio increased to 10.5% in 2023 from 5.6% in 2022[90] - Accounts receivable turnover days increased to 12 days in 2023 from 11 days in 2022, while accounts payable turnover days decreased to 5 days from 7 days[90] - The company did not mortgage any leased land or buildings for bank credit as of December 31, 2023[91] - The company provided RMB 500,000,000 in deposits and RMB 18,585,000 in bank acceptance notes as collateral for bank credit and payables[91] - As of December 31, 2023, total bank borrowings amounted to approximately RMB 518,585,000, primarily short-term loans[82] Future Outlook and Developments - The company is collaborating closely with local governments to establish a lactic acid ester production facility, with further announcements to be made in accordance with the listing rules[21] - The company anticipates market consolidation in the corn deep processing industry, aiming for a new supply-demand balance in the coming year[42] - The company has completed the construction of pilot production lines for polylactic acid and other products, which will be used for new product development and market research[44] - The company plans to publish its annual report containing all required information on or around April 16, 2024[98] - The board of directors has reviewed the audited consolidated results for the fiscal year ending December 31, 2023[97]

Financial Performance - For the six months ended June 30, 2023, total sales to external customers amounted to RMB 5,814,428, with upstream products contributing RMB 4,132,319 and downstream products contributing RMB 1,682,109[6]. - The reportable segment results showed a profit of RMB 505,758, with upstream products generating RMB 222,092 and downstream products generating RMB 283,666[6]. - The profit attributable to owners of the Company for the same period was a loss of RMB 37,754, compared to a profit of RMB 262,330 in the previous year[9]. - The Group recorded a loss before taxation of RMB38,300,000 for the six months ended 30 June 2023, compared to a profit of RMB452,654,000 in 2022[39]. - The Group's loss after taxation for the period was RMB28,959,000, compared to a profit of RMB364,695,000 in 2022[39]. - The gross profit for the same period was RMB 175,247, significantly down from RMB 725,479 in 2022, indicating a decline of approximately 75.8%[123]. - The operating loss for the first half of 2023 was RMB 45,735, compared to an operating profit of RMB 445,206 in the previous year[123]. - The net loss attributable to owners of the company was RMB 37,754, contrasting with a profit of RMB 262,330 in the first half of 2022[123]. Revenue Breakdown - Revenue from upstream products increased to RMB4,349,545,000, up from RMB4,132,319,000 in 2022, with cornstarch sales volume reaching approximately 1,007,971 tonnes, compared to 927,221 tonnes in 2022[40][44]. - Revenue from the fermented and downstream products segment decreased significantly to RMB1,464,778,000 (2022: RMB1,682,109,000), with a gross profit margin of 10.9% (2022: 27.2%) and a gross profit of RMB159,196,000 (2022: RMB457,090,000)[46]. - Revenue of lysine products was RMB1,012,954,000 (2022: RMB1,275,857,000), with an average selling price decreasing to RMB6,344 per tonne (2022: RMB8,344) and sales volume increasing to approximately 159,682 tonnes (2022: 152,910 tonnes)[46]. - Revenue of starch-based sweetener was RMB237,182,000 (2022: RMB285,148,000), with sales volume decreasing to 93,998 tonnes (2022: 132,384 tonnes) and the average selling price increasing to approximately RMB2,523 per tonne (2022: RMB2,154 per tonne)[46]. - Revenue of modified starch increased to RMB154,371,000 (2022: RMB94,541,000), attributed to the successful development of liquid-modified starch[46]. - Revenue of new biobased material and others was RMB60,271,000 (2022: RMB26,563,000), with the increase mainly due to the full year effect after the trial-run in 2022[50]. Cost and Expenses - The gross profit margin for upstream products significantly declined to 0.4% from 6.5% in 2022, reflecting weak market sentiment[44]. - Distribution expenses decreased to RMB82,360,000 from RMB85,501,000, attributed to customers' preference for self-arranged delivery and increased use of bulk cargo delivery[34]. - The gross profit margin of the Group diminished due to suppressed market demand and prices of cornstarch and its related products, along with comparatively higher production costs per unit[58]. - The Group's electricity and steam expenses remained high despite the economic recession in the domestic market[52]. - For the six months ended June 30, 2023, administrative expenses decreased significantly to RMB98,603,000 from RMB104,325,000, mainly due to a reduction in government levies[74]. - Research expenses decreased substantially to RMB94,056,000 from RMB151,496,000, influenced by the number and complexity of new research projects[76]. - Distribution expenses totaled RMB66,939,000 (2022: RMB70,794,000), while total distribution and administrative expenses were RMB82,360,000 (2022: RMB85,501,000)[54]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 4,915,509, a decrease from RMB 5,105,848 at the end of 2022[125]. - Current assets decreased to RMB 2,406,012 from RMB 2,666,521 at the end of 2022, reflecting a decline of approximately 9.7%[125]. - Total liabilities as of June 30, 2023, amounted to RMB 1,162,224, down from RMB 1,284,065 as of June 30, 2022, indicating a reduction of approximately 9.5%[132]. - Total current liabilities as of June 30, 2023, were RMB 890,184, a decrease from RMB 965,933 as of June 30, 2022, showing a reduction of approximately 7.8%[132]. - The current ratio as of June 30, 2023, was 2.7, slightly down from 2.8 as of December 31, 2022[89]. - The gearing ratio, defined as borrowings to total assets, improved to 4.6% from 9.4%[89]. Cash Flow - The net cash inflow from operating activities for the six months ended June 30, 2023, was RMB 399,882, a significant improvement compared to a net outflow of RMB 139,002 in the same period of 2022[135]. - Cash and cash equivalents increased to RMB 1,102,821 from RMB 1,002,985, showing a growth of about 9.9%[125]. - Cash and cash equivalents increased to RMB 1,102,821 as of June 30, 2023, from RMB 792,185 as of June 30, 2022, representing a growth of approximately 39.2%[135]. - The company reported a net cash outflow from investing activities of RMB 212,027 for the first half of 2023, compared to RMB 62,666 in the same period of 2022, indicating a significant increase in investment expenditures[135]. Staffing and Management - The number of staff decreased to 2,310 from 2,392 in 2022[90]. - Total staff costs for the six months ended June 30, 2023, were approximately RMB139,483,000, an increase from RMB125,578,000 in 2022[90]. - The Directors believe that the working capital available to the Group is sufficient for its present requirements[89]. - The Group provided a deposit of RMB201,645,000 and bank acceptance bills of RMB4,496,000 as collateral for banking facilities as of June 30, 2023[94]. Dividends and Shareholder Information - The Company did not recommend an interim dividend for the six months ended June 30, 2023[81]. - The Board did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with 2022[96]. - Merry Boom holds 3,705,385,194 shares, representing 61.81% of the issued share capital, with Mr. Tian Qixiang owning approximately 54.58% of Merry Boom[114]. Taxation - The effective tax rate for the Group's PRC subsidiaries is 25%, with one subsidiary benefiting from a preferential rate of 15%[158]. - Current income tax for PRC Enterprises Income Tax decreased to RMB 6,325,000 in 2023 from RMB 104,378,000 in 2022, representing a decline of approximately 93.9%[176]. - The over-provision in prior years resulted in a credit of RMB 14,156,000 in 2023, compared to no such provision in 2022[176].

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依賴 該等內容而引致的任何損失承擔任何責任。 CHINA STARCH HOLDINGS LIMITED 中 國 澱粉 控 股 有 限 公司 （於開曼群島註冊成立之有限公司） 3838 （股份代號： ） 截至二零二三年六月三十日止六個月之中期業績 中國澱粉控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，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之未經審核合併中期業績，連同比較數 字載述如下： 合併損益及其他綜合收益表 截至六月三十日止六個月 二零二三年 二零二二年 附註 人民幣千元 人民幣千元 （未經審核） （未經審核） 3 5,814,323 5,814,428 收入 (5,639,076) (5,088,949) 銷售成本 175,247 725,479 毛利 (82,360) (85,501) 分銷費用 (98,603) (104,325) 行政費用 (94,056) (151,496) 研究費用 ...

Revenue and Financial Performance - The Group recorded total revenue of approximately RMB11,948,852,000 for the year, an increase from RMB11,639,315,000 in 2021, representing a growth of 2.66%[120] - Revenue from upstream products increased slightly by 1.5% to RMB8,705,998,000, with a gross profit margin of 5.1%[121] - Revenue from fermented and downstream products rose to RMB3,242,854,000, up from RMB3,062,833,000 in 2021[125] - Revenue from lysine increased from approximately RMB2,224,230,000 to RMB2,424,684,000, with an average selling price of RMB7,718 per tonne[127] - Revenue from starch-based sweeteners was approximately RMB541,364,000 in 2022, an increase from RMB519,544,000 in 2021, with liquid starch-based sweeteners representing about 72.9% of the Group's sales volume[38] - Other fermentation products saw a significant revenue increase of 56.6% to approximately RMB80,800,000 in 2022, up from RMB51,596,000 in 2021[22] - The revenue of upstream products slightly increased by 1.5% to RMB8,705,998,000, with a gross profit margin of 5.1%[101] - The gross profit for the Group increased to RMB748,760,000, with a gross profit margin of 23.1% compared to 14.9% in the previous year[102] - Basic earnings per share increased to RMB0.0587, up from RMB0.0577 in 2021[98] Costs and Expenses - The total cost of sales increased to RMB10,758,377,000 in 2022, compared to RMB10,687,104,000 in 2021, with utility expenses rising to 7.9% of total sales costs from 5.5% in the previous year[39] - Distribution expenses for the year ended December 31, 2022, increased to RMB171,044,000 from RMB164,934,000 in 2021[131] - Administrative expenses rose to RMB207,835,000, primarily due to increased staff costs and government levies[132] - The Group's delivery and logistics costs were RMB141,651,000 in 2022, slightly up from RMB138,173,000 in 2021[23] - Marketing expenses increased to RMB14,989,000 in 2022 from RMB14,450,000 in 2021, reflecting the Group's efforts to expand market share[23] Shareholder Information - The Board recommends a final dividend of HK0.69 cents per share for the year ended 31 December 2022, subject to approval at the upcoming AGM[12] - The Company maintains a sufficient public float of not less than 25% of its total issued shares, complying with Listing Rules[66] - As of December 31, 2022, Mr. Tian Qixiang holds a significant interest in Merry Boom Group Limited, owning approximately 54.58% of its shares, which translates to 3,705,385,194 shares, representing 61.81% of the company's total shareholding[74] - The Group's sales to its five largest customers accounted for less than 30% of total revenue, indicating a diversified customer base[67] - The Group's procurement from its five largest suppliers also accounted for less than 30% of total procurement, further indicating a balanced supply chain[67] Corporate Governance and Compliance - The Directors confirm that all independent non-executive Directors are independent as per the Listing Rules[12] - Related party transactions for the year ended 31 December 2022 are fully exempt connected transactions as defined in the Listing Rules[11] - There were no significant transactions or contracts involving the Group and any Director or their connected entities during the financial year, ensuring no conflicts of interest[70] - The interests of the Directors and chief executive are recorded in compliance with the Securities and Futures Ordinance, ensuring transparency[74] - The Group has not engaged in any significant transactions with substantial shareholders that would require additional disclosures[70] Environmental and Sustainability Efforts - The Group is committed to complying with all environmental policies and relevant laws, and has an internal laboratory to ensure product quality meets national standards[10] - The Environmental and Sustainability Report reviews the Group's environmental policies and key relationships with stakeholders[9] - The Group is committed to using water responsibly and aims to reduce overall resource consumption during production while maintaining production levels and efficiency[195] - The Group encourages customers to use reusable packaging materials, reflecting a commitment to sustainability[193] - The Group does not set specific targets for the reduction of nonhazardous waste emissions due to variability in product mix and production methods[193] - The Group did not produce any hazardous waste in its production plants during the year under review[193] - The total packaging material used for finished goods in 2022 was approximately 10,240 tonnes, with newly purchased reusable packaging material accounting for about 7,515 tonnes, a significant increase from 672 tonnes in 2021[193] Employee and Workplace Safety - The company emphasizes the health and safety of its employees as crucial for long-term success, implementing mandatory training and safety drills[176] - The company strictly adheres to the PRC Labour Law and promotes fair treatment in all human resources areas, including recruitment and promotion[179] - The company has implemented appropriate controls and training to minimize occupational injuries and illnesses[176] - Regular updates to the safety handbook and body checks for high-risk staff are part of the company's health and safety measures[179] - The Group had approximately 2,364 full-time staff, with total staff costs amounting to approximately RMB266,179,000, up from RMB229,470,000 in 2021[138] Future Outlook and Strategic Plans - The Group has adopted a cautious outlook for business performance in 2023 due to the uncertain market conditions following the lifting of COVID-19 restrictions[35] - The annual production capacity of lysine products will increase from 300,000 tonnes to 500,000 tonnes by the end of 2023[92] - The Group plans to establish lactide and polylactide trial production lines with an annual capacity of 5,000 tonnes each, expected to be completed by the end of 2023[92] - The company aims to become a market leader in the corn refinery industry in China through cost control, strengthening the balance sheet, and research and development[174] Research and Development - Research expenses increased significantly from RMB199,648,000 to RMB324,108,000, reflecting the Group's commitment to new product development and production method changes[159] - The Group is engaged in expanding production capacity for cornstarch and lysine products, enhancing its product pipeline, marketing force, and market coverage[200]

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倚賴該等內容而引致的任何損失承擔任何責任。 CHINA STARCH HOLDINGS LIMITED 中 國 澱粉 控 股 有 限 公司 （於開曼群島註冊成立之有限公司） 3838 （股份代號： ） 截至二零二二年十二月三十一日止年度初步全年業績公佈 財務摘要： 二零二二年 二零二一年 人民幣千元人民幣千元 變動 11,948,852 11,639,315 +2.7% 收入 1,190,475 952,211 +25.0% 毛利 607,326 510,539 +19.0% 經營利潤 495,432 402,830 +23.0% 本年度利潤 ...