证券代码：000876 证券简称：新 希 望 债券代码：127015、127049 债券简称：希望转债、希望转 2 编号：2023-06 投资者 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 关系活 动类别 □新闻发布会 □现场参观 □其他 参与单 位名称 投资者网上提问 及人员 姓名 时间 2023 年 06 月 21 日 | --- | --- | --- | --- | --- | |--------------|------------------------|--------|----------------------|------------------| | | | | https://ir.p5w.net | ）采用网络远程的 | | 地点 | | | | | | | 方式召开业绩说明会 | | | | | | 新希望六和股份有限公司 | | | | | 上市公司接待 | 执行董事长兼总裁 | 张明贵 | 独立董事 | 蔡曼莉 | | 人员姓 | 副总裁兼财务总监 | 陈兴垚 | 董秘兼首席战略投资官 | 佳 | 名 保荐代表人 张寅博 投资者提出的部分问题及公司回复情况： 1、 ...

证券代码：000876 证券简称：新 希 望 债券代码：127015、127049 债券简称：希望转债、希望转 2 | --- | --- | --- | --- | --- | --- | |--------------|--------------------------|-------------|-------|--------------|----------| | 投资者 | √特定对象调研 | □分析师会议 | | □媒体采访 | | | 关系活动类别 | □新闻发布会 | □现场参观 | | | | | 参与单 | 单位名称 | 人员姓名 | | 单位名称 | 人员姓名 | | 位名称 | 中信证券 | 彭家乐 | | 富国基金 | 徐哲琪 | | 及人员 | 汇添富基金 | 田 | 立 | 前海开源基金 | 刘智博 | | 姓名 | 上投摩根基金 | 潘振亚 | | | | | 时间 | 2023 年 6 月 21 日 | | | | | | 地点 | 上门调研 | | | | | | 上市公 | 新希望六和股份有限公司 | | | | | | 司接待 | 猪产业事业群西部纵队总裁 | | ...

新希望六和股份有限公司 | 证券代码：000876 | 证券简称：新希望 | 公告编号：2023-56 | | --- | --- | --- | | 债券代码：127015,127049 | 债券简称：希望转债，希望转 | 2 | 为充分尊重投资者、提升交流的针对性，现就公司业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可 于 2023 年 6 月 19 日（星期一）18：00 前访问 https://ir.p5w.net/zj/， 或扫描下方二维码，进入问题征集专题页面。公司将在业绩说明会上， 对投资者普遍关注的问题进行回答。 特此公告 关于举行 2022 年度及 2023 年第一季度网上业绩说明会 的公告 新希望六和股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 新希望六和股份有限公司（以下简称"公司"）将于 2023 年 6 月 21 日（星期三）15:00—17:00 在全景网举行 2022 年度及 2023 年第一季 度业绩说明会（以下简称"业绩说明会"），本次业绩说明会将采取网 络远程的方式举行，投资者可登 ...

证券代码：000876 证券简称：新 希 望 债券代码：127015、127049 债券简称：希望转债、希望转 2 | --- | --- | --- | --- | --- | |--------------|------------------------|-------------|--------------|---------------| | | | | | 编号：2023-05 | | 投资者 | √特定对象调研 | □分析师会议 | □媒体采访 | | | 关系活动类别 | □新闻发布会 | □现场参观 | □其他 | | | | 单位名称 | 人员姓名 | 单位名称 | 人员姓名 | | | 股东 | 张蓓 | 股东 | 马驰 | | | 股东 | 张思飞 | 股东 | 陈玉钢 | | 参与单 | 股东 | 许海兰 | 股东 | 邱珽 | | 位名称 | 股东 | 冯刚 | 股东 | 汪志贵 | | 及人员 | 股东 | 胡明 | 股东 | 高光之 | | 姓名 | 中信证券 | 彭佳乐 | 东方证券 | 樊嘉敏 | | | 国信证券 | 鲁家瑞 | 证券时报 | 唐强 | | | 中国证券 ...

Group 1: Financial Performance Overview - In 2022, the company reported a net profit attributable to shareholders of -1.46 billion CNY, with the feed industry generating a profit of 1.36 billion CNY, while the pig industry incurred a loss of 2.46 billion CNY [4] - For Q1 2023, the net profit attributable to shareholders was -1.69 billion CNY, a year-on-year reduction in losses by 1.2 billion CNY, with the feed industry earning 270 million CNY [4] - The total expenses for Q1 2023 amounted to 640 million CNY, an increase of 280 million CNY year-on-year, primarily due to rising loan interest and other costs [5] Group 2: Business Segment Performance - In 2022, the pig industry sold 14.6 million heads, achieving the stock incentive assessment target, with costs decreasing from 18.8 CNY/kg at the beginning of the year to 16.7 CNY/kg by year-end [5] - In Q1 2023, the pig industry sold 4.715 million heads, a year-on-year increase of 28%, with a cost of 17.4 CNY/kg [5] - The poultry industry reported a net profit of 57 million CNY in Q1 2023, a 150% increase year-on-year, benefiting from rising chick and meat prices [6] Group 3: Investment and Strategic Initiatives - The company aims to achieve a production target of 1.85 million heads for the year, supported by measures such as increasing breeding stock and improving survival rates [7] - The company plans to exit 47 pig farms in 2023, expecting minimal losses of less than 100 million CNY [8] - The goal for the end of 2023 is to reach 1 million breeding sows, with a target of 1.3 to 1.5 million by 2024 [8] Group 4: Cost Management and Efficiency - The company is focusing on reducing costs, with a target to lower breeding costs to 16 CNY/kg by the end of the year [7] - In Q1 2023, the costs associated with breeding stock were approximately 4 CNY/kg, with feed costs at 9.4 CNY/kg [8] - The company aims to improve management of breeding stock to reduce costs further, targeting a reduction of 0.6 CNY/kg in breeding costs and 0.3-0.4 CNY/kg in feed costs [8]

Financial Performance - The company's operating revenue for Q1 2023 was CNY 33,906,536,604.57, representing a 14.92% increase compared to CNY 29,505,728,853.81 in the same period last year[5] - The net loss attributable to shareholders was CNY 1,685,743,896.01, an improvement of 41.45% from a loss of CNY 2,879,187,994.66 in the previous year[5] - The net cash flow from operating activities was CNY -1,684,234,045.85, showing a 4.73% improvement compared to CNY -1,767,885,694.26 in the same period last year[5] - Total operating revenue for Q1 2023 reached CNY 33.91 billion, an increase of 14.9% compared to CNY 29.51 billion in Q1 2022[18] - The net loss for Q1 2023 was CNY 1.99 billion, an improvement from a net loss of CNY 3.46 billion in Q1 2022[20] - The company reported a gross profit margin of approximately 5.3% for Q1 2023, down from 8.5% in Q1 2022[18] - Basic and diluted earnings per share for Q1 2023 were both -CNY 0.38, compared to -CNY 0.66 in Q1 2022[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 134,777,876,850.78, a decrease of 1.39% from CNY 136,678,788,974.93 at the end of the previous year[5] - Total liabilities increased to CNY 94.88 billion, compared to CNY 92.96 billion in the previous year[17] - The equity attributable to shareholders of the parent company decreased to CNY 26.74 billion from CNY 29.24 billion year-over-year[17] - The total current assets as of March 31, 2023, amounted to CNY 33,457,155,918.43, a decrease from CNY 35,549,291,516.96 at the beginning of the year, reflecting a decline of approximately 5.8%[15] - Cash and cash equivalents decreased to CNY 10,315,660,999.04 from CNY 11,512,430,182.35, representing a reduction of about 10.4%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 234,441[10] - The top ten shareholders hold a significant portion of shares, with 南方希望实业有限公司 holding 1,328,957,185 shares, representing a major stake in the company[11] - The company’s repurchase account is among the top ten shareholders, holding 28,685,505 shares[11] Cash Flow Activities - The cash inflow from operating activities for Q1 2023 was CNY 34,874,475,900.91, an increase of 17.3% compared to CNY 29,587,738,032.89 in the same period last year[21] - The company reported a total cash outflow from operating activities of CNY 36,558,709,946.76, compared to CNY 31,355,623,727.15 in the previous year[21] - Cash inflow from investment activities totaled CNY 813,764,643.16, up from CNY 410,305,483.05 in the previous year[22] - The net cash flow from investment activities was -CNY 952,632,841.53, an improvement from -CNY 3,844,425,033.15 in Q1 2022[22] - Cash inflow from financing activities was CNY 18,657,586,294.07, compared to CNY 16,623,109,388.45 in the same quarter last year, marking an increase of 12.3%[22] - The net cash flow from financing activities was CNY 1,111,234,227.32, a decrease from CNY 4,416,300,953.39 in Q1 2022[22] - The ending cash and cash equivalents balance was CNY 8,158,982,545.00, down from CNY 13,044,437,321.86 at the end of Q1 2022[22] Operational Changes - The company reported a significant increase in accounts receivable, which rose by 50.32% to CNY 646,988,400.00 due to extended credit terms offered to customers[8] - Short-term borrowings increased by 30.44% to CNY 1,740,664,890.00, primarily due to additional bank loans obtained during the period[8] - The company experienced a 223.67% increase in insurance liability reserves, amounting to CNY 2,878,350.00, attributed to higher provisions for insurance contracts[8] - Inventory decreased to CNY 16,929,181,429.82 from CNY 17,901,083,522.59, indicating a decline of about 5.4%[15] - Long-term equity investments rose to CNY 26,512,204,000.62 from CNY 26,256,101,521.11, showing an increase of approximately 1.0%[15] - Fixed assets increased slightly to CNY 35,886,137,499.06 from CNY 35,683,327,341.71, reflecting a growth of about 0.6%[15] Future Plans - The company plans to extend the validity period of its non-public stock issuance resolution by 12 months, pending shareholder approval[13] - The company plans to focus on market expansion and new product development in the upcoming quarters[20] Miscellaneous - The company did not conduct an audit for the Q1 report[23] - The report was released by the Board of Directors on April 29, 2023[24]

Livestock Production and Sales - In 2022, the company sold 14.61 million pigs and 390 million poultry, significantly increasing the contribution of livestock farming to overall revenue and profit [13]. - The company’s pig farming output reached 14.62 million heads in 2022, ranking third nationally [79]. - The company sold a total of 14.61 million pigs, including 2.12 million breeding pigs and 12.49 million fattening pigs, representing a year-on-year increase of 4.64 million pigs, or 46.46% [105]. - The company reported a revenue of 22.397 billion yuan from the pig industry, a year-on-year increase of 30.19% [109]. - The company processed 2.91 million pigs, an increase of 890,000 pigs, or 44% year-on-year, with pork product sales reaching 401,100 tons, up 36% [108]. - The average PSY (Pigs Sold per Year) in the industry was approximately 21 in 2022, with large enterprises achieving PSY above 20, while farmers averaged around 15 [65]. - The company has a dual breeding system for pigs, primarily using the Hai Boer and PIC breeds, maintaining an average PSY of over 24 in its mother pig farms, which is industry-leading [79]. - The company aims to achieve a pig output target for 2022, indicating a focus on production growth [4]. Feed and Raw Material Management - The cost of feed raw materials typically accounts for over 90% of total feed costs, making fluctuations in raw material prices a significant risk for the company [9]. - The company has increased the use of hedging tools since 2020 to manage raw material price volatility effectively [12]. - The average price of soybean meal increased by approximately 27% year-on-year in 2022, driven by international geopolitical conflicts and rising global agricultural product prices [11]. - The company has established strategic partnerships with multiple domestic and international raw material suppliers to optimize procurement costs and enhance supply chain financing [12]. - The company has implemented a centralized procurement model for feed raw materials, optimizing cost and enhancing competitiveness in the feed sector [87]. - The company is focusing on the development of non-grain protein feed alternatives, specifically through the synergistic fermentation of various by-products like canola meal and palm meal [125]. Financial Performance - The company's operating revenue for 2022 was ¥141.51 billion, an increase of 12.07% compared to ¥126.26 billion in 2021 [44]. - The net profit attributable to shareholders was a loss of ¥1.46 billion, improving by 84.77% from a loss of ¥9.59 billion in 2021 [44]. - The net cash flow from operating activities reached ¥9.24 billion, a significant increase of 1,742.26% compared to ¥501.46 million in 2021 [44]. - The company has a strong financial position with over 100 billion yuan in credit from various financial institutions, maintaining a credit utilization rate of less than 70% [91]. - The company reported a total of RMB 1.49 billion in unutilized raised funds, indicating a utilization rate of approximately 8.69% [149]. - The company’s feed segment generated 79.18 billion yuan in revenue, accounting for 55.95% of total revenue, with a year-on-year growth of 11.81% [109]. Food Safety and Quality Management - The company has established a comprehensive food safety management system across the entire supply chain, ensuring strict oversight from feed to food [23]. - The company has achieved multiple food safety certifications, including BRC and China-HACCP, enhancing its reputation in the industry [24]. - The company is committed to ensuring food safety through a controllable and traceable internal circulation system [42]. Technological Innovation and R&D - The company is focusing on technological innovation, including the development of bio-environmental feed through microbial fermentation technology [58]. - The company has developed proprietary breeding and production management software, enhancing the efficiency of breeding value calculations and improving the overall breeding process [86]. - The company is conducting metabolic trials with black soldier fly and microbial protein to evaluate their nutritional value and establish feeding recommendations [125]. - The company’s R&D expenditure increased by 20% in 2022, emphasizing its commitment to innovation in animal husbandry [169]. Market Trends and Challenges - The average cost of pig farming in the industry has increased by 3-5 RMB/kg compared to pre-African swine fever levels, leading to significant financial pressure on the industry [70]. - The company is facing challenges with rising raw material costs, which have impacted feed and pig business operations, leading to a cost increase of approximately 20% [188]. - The poultry industry has a more stable market structure compared to the pig industry, with leading companies maintaining consistent market shares [64]. Strategic Initiatives and Future Outlook - The company is actively exploring new breeding models and enhancing cooperation with compliant large and medium-sized farms to ensure stable breeding resources [20]. - The company plans to enhance its digital management capabilities, aiming to become a model for digitalization in the agricultural and animal husbandry industry [173]. - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year [190]. - The overall outlook for 2023 remains positive, with expectations of increased demand in the agricultural sector [190].