证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司 投资者关系活动记录表 编号：2023-004 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 ■业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他（电话会议） | | 活动参与人员 | 通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 参与公司 2022 年度报告网上业绩说明会的投资者 | | 时间 | 2023 年 4 月 6 日下午 15:00—17:00 | | 地点 | 全景网"投资者关系互动平台"（https://ir.p5w.net） | | 形式 | 网络形式 董事长兼总经理：孙宪法先生 | | 上市公司接待 人员姓名 | 董事、董事会秘书兼副总经理：张东明先生 财务总监：钟宪军先生 | | | 独立董事：程永峰先生 | | | 保荐代表人：陈振瑜先生 | | | 公司于 2023 年 4 月 6 日下午 15 点至 17 点在全景网举 | | | 行 2022 年度报告网上业绩说明会。本次业绩说明 ...

Financial Performance - The company's operating revenue for 2022 was CNY 1,608,643,596.97, a decrease of 9.39% compared to CNY 1,775,432,179.30 in 2021[35]. - The net profit attributable to shareholders for 2022 was a loss of CNY 452,060,246.84, representing a decline of 1,049.51% from a profit of CNY 47,609,674.22 in 2021[35]. - The cash flow from operating activities for 2022 was a negative CNY 288,899,363.97, a significant decrease of 777.01% compared to CNY 42,672,842.37 in 2021[35]. - The total assets at the end of 2022 were CNY 3,954,816,699.62, an increase of 2.96% from CNY 3,841,190,886.27 at the end of 2021[36]. - The net assets attributable to shareholders decreased by 14.46% to CNY 2,673,666,426.60 at the end of 2022 from CNY 3,125,726,673.44 at the end of 2021[36]. - The basic earnings per share for 2022 was -CNY 1.30, a decline of 1,028.57% from CNY 0.14 in 2021[35]. - The company reported a negative net profit for all four quarters of 2022, with the largest loss in Q1 at CNY -182,873,527.70[40]. - The total revenue for the reporting period was approximately ¥1.61 billion, a decrease of 9.39% compared to the previous year, while the net profit attributable to shareholders was a loss of approximately ¥452 million, down 1049.51% year-on-year[69]. Market and Industry Trends - The chicken industry in China is experiencing a recovery, with expectations of increased chicken consumption and rising chick prices due to reduced breeding stock imports and improving market conditions[47]. - The broiler chicken market is expected to see a gradual decrease in supply starting from Q3 2023, which may lead to price increases[47]. - The company’s main profit source is from the sale of broiler chicks, which are primarily sold to large breeding companies and distributors[49]. - The company has been recognized as one of the "Top 50 Asian Poultry Enterprises" and has received multiple awards for its contributions to the poultry industry[51]. - The company is focused on maintaining steady operations while seizing market opportunities to improve its product offerings[112]. Operational Strategies - The company has increased investments in the cooked food industry to diversify revenue streams and reduce reliance on broiler chick sales[9]. - The company is enhancing its marketing channels and extending its product value chain to improve profitability[9]. - The company has established a comprehensive industrial chain that includes parent stock breeding, broiler breeding, slaughtering, and deep processing of chicken products, enhancing its competitive advantage[52]. - The company aims to expand its processed chicken products by an additional 60,000 tons, which will provide stable revenue from the downstream processing segment[52]. - The company has developed a biogas project to utilize waste from poultry farming, supporting sustainable agricultural practices[11]. Research and Development - The company has initiated a key national R&D project aimed at establishing a 3D environmental monitoring system for chicken houses, which is expected to enhance management levels and competitiveness[85]. - The company's R&D investment increased by 65.27% in 2022, amounting to ¥17,535,287.22, compared to ¥10,609,931.04 in 2021, reflecting a significant commitment to innovation[87]. - The total number of R&D personnel increased by 3.66% to 85 in 2022, up from 82 in 2021, reflecting a growing emphasis on research capabilities[87]. Environmental and Social Responsibility - The company is committed to ecological balance and sustainable practices, focusing on resource recycling and waste management in its operations[51]. - The company has reduced greenhouse gas emissions by 190,000 tons of CO2 annually through its chicken manure biogas power generation project and biogas purification project[156]. - The company has committed to continue its efforts in poverty alleviation and rural revitalization as a key part of its development strategy[161]. - The company has maintained a good social image through active participation in charitable activities, including donations of educational supplies and scholarships[161]. Governance and Management - The company maintains a strong governance structure, ensuring compliance with regulatory requirements and protecting shareholder interests[116]. - The management team is experienced and dedicated, with a strong professional background in agriculture and management, contributing to the company's operational efficiency[68]. - The company has a structured remuneration policy based on management positions and performance, ensuring alignment with shareholder interests[132]. - The company has established a clear timeline for the terms of its directors and supervisors, ensuring governance stability[124]. Financial Management - The company has a total of 20,000 million in guarantees for Penglai Minhe Food Co., Ltd. with a joint liability guarantee type[185]. - The total external guarantee amount approved during the reporting period is 5,199.97 million, with an actual occurrence of 1,958.4 million[184]. - The company has confirmed that all guarantees are fulfilled and not related to any connected parties[184][185]. - The company has a total guarantee balance of 1,958.4 million as of the end of the reporting period[184]. Challenges and Risks - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[36]. - The company faced challenges in the white feather broiler industry, leading to significant asset impairment provisions and losses from associated companies[91]. - The company acknowledges potential risks in its future development, as outlined in the report[112].

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。 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）定于2023年 4月6日（星期四）下午15：00-17：00通过全景网举行2022年度报告网上业绩说 明会，本次说明会采用网络远程的方式举行，投资者可登陆"投资者关系互动平 台"（https://ir.p5w.net）参与本次说明会。 出席本次说明会的人员有：公司董事长兼总经理孙宪法先生、董事会秘书张 东明先生、财务总监钟宪军先生、独立董事程永峰先生、保荐代表人陈振瑜先生。 为充分尊重投资者、提升交流的针对性，现就公司2022年度报告业绩说明会 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。投资者可于会前访 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 2022年度报告业绩说明会上，对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与。 证券代码：002234 证券简称：民和股份 公告编号：2023-020 山东民和牧业股份有限公司 关于举行 2022 年度报告网上业绩说明会的通知 特此公告。 山 ...

Company Overview - The parent stock of Shandong Minhe Livestock Co., Ltd. is approximately 3.2 million sets, remaining stable compared to 2021 [3] - In 2022, the company produced around 30 million broilers, with a chicken meat output of approximately 70,000 tons [3] Chick Seed Market - Since May 2022, the breeding of grandparent chickens has been relatively sluggish, leading to a projected shortage of broiler chicks by Q2 or Q3 2023 [3] - The price of broiler chicks has remained at a favorable level since the Spring Festival [3] Breeding Management - Currently, the company has not implemented any feather replacement; the breeding farms are following planned schedules [3] - The company has not faced issues in procuring breeding chickens despite rising prices [3] Ongoing Projects - The "800,000 sets of parent breeding chicken project" initiated in 2021 is under construction, with partial production expected in 2023 and full operation by 2024 [4] - A new hatchery with an annual capacity of 100 million chicks is being built, which began construction after the Spring Festival [4] Processed Food Production - In 2022, the company completed two cooked food factories, each designed for 30,000 tons, with a total production capacity of 30,000 tons [4] - The company has established an e-commerce sales team in Hangzhou for online sales, with stores on platforms like Tmall and Douyin, and six live streaming rooms on Douyin [4]

Group 1: Market Overview - The current market for commodity broiler chicks has seen an oversupply due to excessive breeding in the past two years, leading to a decline in prices for both chicks and chicken meat [3] - Recent outbreaks of avian influenza and issues related to "fast-growing chickens" have further exacerbated the already sluggish market conditions [3] - Consumer confidence in chicken meat has been negatively impacted, resulting in a slowdown in consumption, which is expected to recover slowly [3] - The industry is implementing self-regulation to reduce the breeding of parent stock chickens to reverse the overall loss situation [3] - Prices for commodity broiler chicks have recently started to rebound, and an upward trend is anticipated in the second half of the year as production capacity is reduced [3] Group 2: New Product Development - The company has developed a new product called "New State" liquid fertilizer, which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [4] - This fertilizer is designed to enhance crop yield, product quality, and resistance to adverse conditions, particularly for high-value crops such as fruits, vegetables, flowers, tobacco, and sugarcane [4] - Marketing efforts for the "New State" fertilizer have commenced in several provinces, with three to four provinces being prioritized for promotion, and it has entered the sales phase [4]

Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessive in recent years, leading to a surplus supply of commodity broiler chicks, which has resulted in continuous outbreaks of avian influenza and other sudden events [2][4] - These events have exacerbated an already sluggish market, causing rapid declines in the prices of commodity broiler chicks and chicken meat [4] - Consumer confidence in chicken meat has been negatively impacted, leading to a slowdown in consumption, which is recovering slowly [4] - The current economic slowdown and decreased mobility have contributed to low consumption levels, despite industry self-regulation efforts to reduce breeding volumes and reverse overall industry losses [4] Group 2: Commodity Broiler Chick Prices - Various factors influence the prices of broiler chicks, including market supply, downstream consumer demand, and overall economic conditions [4] - Due to frequent and severe fluctuations in chick prices, predicting long-term price trends is challenging [4] Group 3: New Product Development - The company has developed a new liquid fertilizer product called "New Status," which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [5] - This product is designed to enhance crop yield, quality, and resistance to adverse conditions, and is primarily used for high-value crops such as fruit trees, vegetables, flowers, tobacco, and sugarcane [5] - Marketing and promotion efforts for this product have been initiated in multiple provinces, and collaborations with relevant research institutions have been established, resulting in good market recognition [5]

Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessive over the past two years, leading to a surplus supply of commodity broiler chicks [2] - The occurrence of avian influenza and "fast-growing chickens" has exacerbated an already sluggish market, causing a continuous decline in the prices of commodity broiler chicks and chicken meat [2][3] - The industry plans to implement self-discipline to reduce the breeding volume of parent stock chickens to reverse the overall loss situation [3] Group 2: Commodity Broiler Chick Prices - The price of broiler chicks is influenced by various factors, including market supply, downstream consumer demand, and industry prosperity [3] - Due to frequent and severe price fluctuations, predicting the price trend of broiler chicks over a longer period is challenging [3] Group 3: Power Generation and Financial Performance - The power generation segment has been operating at a loss in recent years, primarily due to receiving only basic and partial subsidy prices, resulting in low overall pricing [3] - The company is increasing the development and sales of new downstream fertilizer products to offset losses in power generation [3] Group 4: New Product Development - The company has developed a new liquid fertilizer product called "New State," which is an eco-friendly fertilizer rich in organic matter and essential nutrients for plant growth [4] - "New State" liquid fertilizer has shown significant improvements in crop yield, product quality, and resistance to adverse conditions, and has gained good market recognition after extensive promotion [4] Group 5: Biogas Project - The biogas purification and compression project, associated with the commodity chicken breeding project, can produce approximately 10 million cubic meters of biogas annually by processing chicken manure [4]

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司投资者关系活动记录表 编号：2015-01 | --- | --- | --- | |-----------------------|-------------------------------|------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | | □ | 现场参观 □其他 （请文字说明其他活动内容） | | | 安信证券股份有限公司 刘哲铭 | | | 参与单位名称及 | | 北京鑫牛投资顾问有限公司 赵鸿涛 | | 人员姓名 | 上海原点资产管理有限公司 吴昊 | | | | | | | | | 深圳市太和投资管理有限公司 白鹤 | | 时间 | 2015 年 4 月 28 | 日 | | 地点 | 山东民和牧业股份有限公司 | | | 上市公司接待人 员姓名 | 证券事务代表：高小涛 | | | 投资 ...