Summary of COFCO Sugar Industry 2023 Annual and Q1 2024 Earnings Call Company Overview - COFCO Sugar Holdings Co., Ltd. is a domestic A-share listed company controlled by COFCO Group, specializing in grain, oil, sugar, cotton, and dairy products [1][2] - The company is a global leader in sugar production and trade, operating a full industry chain model that includes sugar import, port refining, domestic trade, and logistics [1][3] - COFCO Sugar operates 16 sugar and refining factories in China and one overseas factory in Queensland, Australia [1][3] Financial Performance - In 2023, COFCO Sugar achieved a revenue of 33.114 billion yuan, a year-on-year increase of 24.53% [5] - The net profit attributable to shareholders was 2.073 billion yuan, up 177.04%, while the net profit excluding non-recurring items was 2.098 billion yuan, increasing by 232.55% [6] - For Q1 2024, the company reported a revenue of 7.811 billion yuan, a significant year-on-year growth of 62.84% [7] - The net profit attributable to shareholders for Q1 2024 was 440 million yuan, reflecting a growth of 60.71% [8] Business Segments - The sugar business generated revenue of 30.254 billion yuan in 2023, a 23% increase, while the tomato business revenue reached 2.642 billion yuan, growing approximately 42% [7] - The company has established a comprehensive industry chain for tomato processing, including seed research, planting, initial processing, deep processing, and sales [2][3] Strategic Initiatives - COFCO Sugar emphasizes a market-oriented approach, focusing on customer needs and integrating agricultural, production, and research sectors to enhance competitive advantages [10][11] - The company has implemented a modern sugar industry system, ensuring strategic coordination across upstream supply, midstream processing, and downstream marketing [11] - A robust research and development system is in place to identify market trends and optimize purchasing strategies, thereby reducing costs and stabilizing performance [12] Operational Highlights - In 2023, the company proactively secured sugar raw material supply, achieving record high raw material acquisition volumes for both beet and cane sugar [15][16] - The Zhangzhou sugar refinery is nearing completion, expected to begin trial operations in Q2 2024, enhancing the company's capacity in the southeastern coastal region [17][18] - The company is expanding its large-pack tomato sauce production line, which is set to be operational within the same year [18][19] Sustainability and ESG Efforts - COFCO Sugar is committed to corporate social responsibility and sustainable development, aligning with national policies and maximizing comprehensive value [26][27] - The company has completed its first ESG report and initiated ESG awareness campaigns to integrate ESG principles into its strategic planning [28][29] - Currently, COFCO Sugar operates three zero-carbon factories, demonstrating its commitment to sustainability [30] Conclusion - COFCO Sugar's strong financial performance, strategic initiatives in operational efficiency, and commitment to sustainability position the company favorably for future growth in the sugar and tomato processing industries [5][6][26]

尊敬的投资者大家好我是中粮行业董事秘书杨靖下面由我为各位简要介绍一下中粮行业2023年度暨2024年第一季度业绩情况首先我简单介绍一下公司的基本情况 中粮糖业控股股份有限公司是中粮集团控股的国内A股上市公司是中粮集团粮油糖棉肉乳核心主业专用化公司之一主营食糖和番茄两大业务公司是全球领先的食糖生产和贸易企业 构建了涵盖国内外制糖、进口及港口炼糖、国内贸易、仓储物流等各环节的全产链运营模式在全国布局了16家制糖和炼糖工厂并在澳大利亚昆士兰州运营着海外糖厂——塔利糖业 公司利用国内国际优势资源保障食堂供给年食堂经营量约500万吨国内市场占有率超过30%公司还是国内最大的番茄加工企业构建了涵盖种子研发种植初加工深加工销售等各环节的全产链运营模式 在国内最优良的番茄产区布局12家番茄工厂一家番茄种源公司及一家番茄研发中心主要从事大包装及小包装番茄酱番茄制品及相关业务产品和服务覆盖全球80多个国家和地区 依托从田间地头到生产车间到家庭餐桌的全产业链质量管控体系中粮糖业打造了中糖、屯荷、丁丁立仙剂等多个知名品牌为超过八千万个家庭提供了绿色、营养、健康的产品更好满足人民对美好生活的向往 接下来我介绍一下中粮行业2023年度和 ...

Summary of the Conference Call Company Overview - COFCO Sugar Holdings Co., Ltd. is a domestic A-share listed company controlled by COFCO Group, which is involved in grain, oil, sugar, cotton, meat, and dairy industries [1] Key Points and Arguments - The conference call provided an overview of the company's performance for the fiscal year 2023 and the first quarter of 2024 [1] Additional Important Content - The call was led by Secretary Yang Jing, indicating a structured approach to investor communication [1]

证券代码：600737 证券简称：中粮糖业 公告编号：2024-017 中粮糖业控股股份有限公司 关于召开 2023 年度暨 2024 年第一季度业绩说明会 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2024 年 5 月 24 日(星期五)至 5 月 30 日(星期四)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir.sugar@cofco.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 中粮糖业控股股份有限公司（以下简称公司）已于 2024 年 4 月 26 日发布公 司 2023 年度报告、2024 年第一季度报告，为便于广大投资者更全面深入地了解 公司经营成果、财务状况，公司计划于 2024 年 5 月 31 日下午 13:00-14:30 举行 2023 年度暨 2024 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以视频 ...

Investment Rating - The investment rating for COFCO Sugar Industry is "Buy" (maintained) with a market price of 9.99 CNY [1] Core Views - The company reported a significant increase in revenue and net profit for 2023, with revenue reaching 33.11 billion CNY, up 24.53% year-on-year, and net profit at 2.07 billion CNY, up 177.04% year-on-year [5] - The company achieved record sales in sugar and tomato products, with sugar sales at 1.19 million tons and revenue from sugar at 30.25 billion CNY [5] - The company plans to distribute a cash dividend of approximately 1.86 billion CNY for the 2023 fiscal year, which represents 89.75% of the net profit attributable to shareholders [5] - New product launches targeting the consumer market are expected to enhance brand appeal and sales [5] - The company has demonstrated strong risk management capabilities, particularly in commodity hedging, which has positively impacted performance [5] Financial Summary - For 2023, the company reported total revenue of 33,114 million CNY, with a year-on-year growth rate of 25% [4] - The net profit for 2023 was 2,073 million CNY, reflecting a year-on-year increase of 179% [4] - Earnings per share (EPS) for 2024 is projected at 0.97 CNY, with a net profit forecast of 1,709 million CNY [4] - The company’s return on equity (ROE) is expected to be 13% in 2024, with a price-to-earnings (P/E) ratio of 12.5 [4] - Revenue projections for 2024-2026 are 33.42 billion CNY, 36.03 billion CNY, and 39.91 billion CNY respectively, with net profits of 1.71 billion CNY, 2.34 billion CNY, and 3.48 billion CNY [7]

Financial Performance - The net profit attributable to shareholders for 2023 was RMB 2,073,321,415.27, with a proposed cash dividend of RMB 6.30 per 10 shares, totaling approximately RMB 1,860,797,958.36, which accounts for 89.75% of the net profit[3]. - The company's operating revenue for 2023 reached ¥33,113,894,636.03, representing a 24.53% increase compared to ¥26,591,641,845.64 in 2022[16]. - Net profit attributable to shareholders was ¥2,073,321,415.27, a significant increase of 177.04% from ¥748,372,843.44 in the previous year[16]. - The basic earnings per share for 2023 was ¥0.9694, up 177.05% from ¥0.3477 in 2022[17]. - The weighted average return on equity increased to 19.42%, up by 12.16 percentage points from 7.26% in 2022[18]. - The company reported a net cash flow from operating activities of ¥887,334,625.75, a recovery from a negative cash flow of ¥67,105,153.47 in 2022[16]. - The company's net assets attributable to shareholders increased by 8.81% to ¥11,602,786,613.21 from ¥10,663,446,232.25 in 2022[16]. - The net profit excluding non-recurring items was 2.098 billion CNY, reflecting a year-on-year growth of 232.55%[27]. - The company achieved a quarterly revenue of ¥11,146,611,668.45 in Q3 2023, contributing to a strong annual performance[20]. Dividend Distribution - The company plans to distribute a total cash dividend of RMB 1,347,474,383.64 for the year-end, in addition to RMB 513,323,574.72 already distributed for the mid-year[3]. - The company does not plan to issue bonus shares or convert reserves into share capital for this year[3]. - The total cash dividend amount (including tax) is CNY 1,860,797,958.36, which accounts for 89.75% of the net profit attributable to ordinary shareholders in the consolidated financial statements[108]. - The total dividend amount (including tax) is CNY 2,073,321,415.27, also representing 89.75% of the net profit attributable to ordinary shareholders[108]. Risk Management - The company has identified risks related to policy changes, sugar price fluctuations, exchange rate changes, raw material supply, and international situations[5]. - The company established a comprehensive risk control system, focusing on commodity market risks and credit risk management to prevent significant losses[32]. - The company is actively enhancing its risk management capabilities in response to price fluctuations in the sugar market and raw material supply risks[71]. Corporate Governance - The company held 5 shareholder meetings in 2023, reviewing 24 proposals, ensuring compliance with legal requirements for governance[72]. - The board of directors consists of 9 members, including 4 independent directors, and held 8 meetings to discuss 54 proposals, maintaining compliance with governance regulations[72]. - The company has established a strategic investment committee, audit committee, nomination committee, compensation and assessment committee, and ESG committee to enhance governance[72]. - The company emphasizes investor relations management, conducting extensive communication with investors to gather feedback on operations and future development[72]. Environmental Sustainability - The company is committed to food safety and quality management, continuously optimizing its quality management system and pursuing relevant certifications[33]. - The company invested CNY 59,523,000 in environmental protection during the reporting period[115]. - The company maintained compliance with pollution discharge standards, with no environmental pollution incidents reported during the year[116]. - The company has implemented carbon reduction measures, including the elimination of coal-fired boilers and the promotion of biomass energy[132]. - The company has established a comprehensive environmental management system, ensuring stable and compliant operation of pollution control facilities[130]. Market Position and Expansion - The sugar business volume reached 4.56 million tons, accounting for approximately 30% of the national consumption total, solidifying the company's leading position in the industry[27]. - The company holds a market share close to one-third in the domestic sugar industry, positioning itself as the leading sugar enterprise in China[36]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[80]. - The company aims to enhance its core competitiveness by focusing on sugar production, expanding import sources, and improving brand development[69]. Research and Development - Research and development expenses increased by 83.97% to CNY 45.76 million, reflecting a significant investment in innovation[45]. - The company emphasizes technological innovation, with 21 provincial and national research centers, ensuring its R&D capabilities are at the forefront of the industry[44]. - The company has successfully developed several pharmaceutical-grade sucrose products, including China's first injection-grade sucrose, and received a patent authorization[31]. Financial Health - The company maintained a loan repayment rate of 100% in 2023, indicating strong financial health[182]. - The current ratio for 2023 is 1.68, showing a slight increase of 2.00% compared to 1.65 in 2022[181]. - The debt-to-asset ratio decreased to 44.90% in 2023 from 45.86% in 2022, reflecting a reduction of 0.96%[181]. - The total liabilities as of December 31, 2023, were CNY 10,000,000,000.00, compared to CNY 9,500,000,000.00 in 2022, reflecting an increase of approximately 5.3%[197]. Employee Management - The total number of employees in the parent company is 1,038, while the total number of employees in major subsidiaries is 5,042, resulting in a combined total of 6,080 employees[102]. - The company has established a comprehensive training system, focusing on enhancing political awareness and professional skills among employees[104]. - The company emphasizes a performance-based compensation system, linking salary levels to job value and annual performance[103]. Acquisitions and Investments - The company completed the acquisition of 100% equity of Inner Mongolia COFCO on February 14, 2023[150]. - The company has committed to reducing potential industry competition by integrating assets from related companies, contingent on achieving a weighted average return on net assets of no less than 6.5% over three years[137]. - The company plans to use its own funds for future investments in the sugarcane base construction based on operational conditions[164].

中 粮 糖 业 控 股 股 份 有 限 公 司 2023 年度涉及财务公司关联交易的存款、 贷 款 等 金 融 业 务 的 专 项 说 明 天 职 业 字 [2024]35031 号 目 专项说明 - -1 2023 年度涉及中粮财务有限责任公司关联交易的存款、贷款等金融业务情况 汇总表 -3. 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行重点 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行管理 " " 关于中粮糖业控股股份有限公司 如实编制和对外披露汇总表,并确保其真实性、合法性及完整性是贵公司管理层的责任。 我们对汇总表所载资料与我们审计贵公司 2023 年度财务报表时所复核的财务资料和经审计的 财务报表的相关内容进行了核对,在所有重大方面没有发现不一致之处。除了按照中国注册会 计师审计准则对贵公司 2023年度财务报表执行审计,以及将汇总表所载项目金额与我们审计 贵公司 2023 年度财务报表时贵公司提供的财务资料和经审计的财务报表的相关内容进行核对 外,我们并未对汇总表执行任何额外 ...

证券代码：600737 证券简称：中粮糖业 公告编号：2024-010 中粮糖业控股股份有限公司关于 在中粮财务有限责任公司存贷款暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 是否需要提交股东大会审议：是 日常关联交易对公司的影响：本关联交易有利于公司经营业务的开展，能 够进一步增强公司的资金实力，为公司主营业务的发展提供资金支持。公司与中 粮财务公司开展存贷业务,以市场公允价格进行，遵循了公开、公平、公正的原 则，不会损害公司及其非关联股东利益，不会对公司的独立性造成影响。 一、关联交易概述 1、为了满足公司及下属子公司的融资需求，本着存取自由的原则，中粮糖 业控股股份有限公司（以下简称公司）拟与中粮财务有限责任公司（以下简称中 粮财务公司）签署三年期《金融服务协议》，由中粮财务公司为公司及下属子公 司提供存款、信贷、资金管理及其他金融服务。公司及下属子公司在中粮财务公 司最高存款余额不超过人民币 30 亿元；最高信贷余额不超过人民币 30 亿元。 2、按照《上海证券交易所股票上市规 ...

中粮糖业控股股份有限公司 2023年度独立董事述职报告 赵军 作为中粮糖业控股股份有限公司（以下简称公司或中粮糖业）的独立董事， 在 2023 年的工作中，我严格按照《公司法》《上市公司独立董事管理办法》等相 关规定和要求，认真、勤勉履职，按时积极参加公司股东大会、董事会及专门委 员会会议，对公司董事会审议的相关事项发表公正、客观的独立意见，有效维护 公司和股东的合法权益，充分发挥独立董事在公司治理中的重要作用。现将 2023 年度的工作履职情况报告如下： 一、基本情况 1、个人工作履历、专业背景以及兼职情况 赵军，男，汉族，1974 年生，工商管理硕士，正高级会计师，中国注册税务 师。曾任新疆乌苏啤酒有限责任公司财务总监、区域销售总监，宁夏西夏嘉酿啤 酒有限公司财务总监，新疆兵团国有资产经营公司总经理助理，新疆星沃机械技 术服务股份有限公司副总经理兼市场总监；现任嘉士伯中国区新疆业务单元和宁 夏业务单元财务总监。2018 年 12 月至今任公司独立董事。 2、担任公司专业委员会委员情况说明 截至 2023 年末，公司第十届董事会共有 9 名董事，其中独立董事四名，分 别是董煜、吴邲光、赵军和张伟华，为战略、 ...

证券代码：600737 证券简称：中粮糖业 公告编号：2024-016 中粮糖业控股股份有限公司 关于召开 2023 年年度股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会 召开的日期时间：2024 年 6 月 20 日 14 点 00 分 召开地点：北京市朝阳区朝阳门南大街 10 号兆泰国际中心 A 座 11 层中糖公 司会议室 股东大会召开日期：2024年6月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 20 日 至 2024 年 6 ...