KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第 2512459 号 新希望乳业股份有限公司 2024 年度内部控制审计报告 2024 年 12 月 31 日 KPMG Huazhen LLP, a People's Republic of China partnership and a member firm of the KPMG global organisation of independent member firms affiliated ...

关于新希望乳业股份有限公司 2024 年度非经营性资金占用及 其他关联资金往来情况的专项说明 2024 年度 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 关于新希望乳业股份有限公司 2024 年度非经营性资金占用及其他关联资金往来情况的专项说明 毕马威华振专字第 2502841 号 新希望乳业股份有限公司董事会： 我们接受委托，按照中国注册会计师审计准则审计了新希望乳业股份有限公司（以下简称 "新希望乳业"）2024 年度的财务报表，包括 2024 年 12 月 31 日的合并及母 ...

新希望乳业股份有限公司 2024 年度独立董事述职报告（杨志清） 本人作为新希望乳业股份有限公司（以下简称"公司"）的独立董事，按照《中 华人民共和国公司法》《上市公司独立董事管理办法》《公司章程》以及公司《独 立董事工作制度》等相关法律法规、规章制度的规定和要求，在 2024 年任职期间， 忠实勤勉履行职责，积极出席相关会议，认真审议董事会各项议案，充分发挥独立 董事的作用，维护公司整体利益和全体股东尤其是中小股东的合法权益。现将本人 2024 年的履职情况汇报如下： 一、基本情况 （一）工作履历、专业背景及兼职情况 本人杨志清，中央财政金融学院财政专业毕业，经济学学士，曾任中央财经大 学教学委员会委员，税务学院院长等职，长期从事税收理论与政策、国际税收及税 制改革研究。现任中央财经大学教授，兼任中国国际税收研究会理事、中国法学会 财税法学研究会常务理事、中国注册税务师协会理事、北京市税务学会副会长等职。 报告期内，本人任职符合《上市公司独立董事管理办法》第六条规定的独立性 要求，不存在影响独立性的情况。 （二）独立性说明 在2024年担任公司独立董事期间，本人未在公司担任除董事以外的其他职务， 也未在公司 ...

新希望乳业股份有限公司 2024 年度独立董事述职报告（吴飞） 本人作为新希望乳业股份有限公司（以下简称"公司"）的独立董事，按照《中 华人民共和国公司法》《上市公司独立董事管理办法》《公司章程》以及公司《独 立董事工作制度》等相关法律法规、规章制度的规定和要求，在 2024 年任职期间， 忠实勤勉履行职责，积极出席相关会议，认真审议董事会各项议案，充分发挥独立 董事的作用，维护公司整体利益和全体股东尤其是中小股东的合法权益。现将本人 2024 年的履职情况汇报如下： 一、基本情况 （一）工作履历、专业背景及兼职情况 本人吴飞，长期从事金融研究及教育，曾任新西兰梅西大学商学院经济与金融 系高级讲师，江西财经大学教授、校学术委员会委员、金融管理国际研究院副院长； 亚洲金融协会（AsianFinanceAssociation）理事及 2013 年亚洲金融协会年会联执 主席。现任上 海交 通大学上海高 级金 融学院教授、 LLC 项目学术主任、 EMBA/EE/DBA 项目联席学术主任。 报告期内，本人任职符合《上市公司独立董事管理办法》第六条规定的独立性 要求，不存在影响独立性的情况。 （二）独立性说明 在202 ...

新希望乳业股份有限公司 （一）工作履历、专业背景及兼职情况 本人卢华基，香港理工大学专业会计学硕士，香港执业会计师、香港会计师公 会资深会员、澳洲会计师公会资深会员、英格兰及威尔士特许会计师协会资深会员。 曾任澳洲会计师公会大中华区分会会长、香港财务汇报局财务汇报检讨委员团成员、 社会工作者注册局成员、香港贸发局专业服务咨询委员会委员、香港独立非执行董 事协会会长。现任信永中和（香港）会计师事务所管理合伙人、信永中和国际董事 会成员，香港特别行政区会计界选举委员会委员、香港特别行政区教育局校舍分配 委员会成员、职业训练局（VTC）会计业训练委员会主席、香港上市公司审核师协 会副主席兼秘书长、香港联合国教科文组织协会理事会成员兼义务司库、香港浸会 大学咨议会荣誉委员、中国上海市第十四届政协委员、香港大学毕业生议会常务委 员、香港高等教育科技学院（THEi）工商及酒店旅游管理学院咨询委员会会员、香 港职业训练局荣誉院士、香港专业教育学院专业会计学高级文凭课程校外考试委员。 报告期内，本人任职符合《上市公司独立董事管理办法》第六条规定的独立性 要求，不存在影响独立性的情况。 （二）独立性说明 在2024年担任公司独 ...

新希望乳业股份有限公司 2024 年度独立董事述职报告（陈碧） 本人作为新希望乳业股份有限公司（以下简称"公司"）的独立董事，按照《中 华人民共和国公司法》《上市公司独立董事管理办法》《公司章程》以及公司《独 立董事工作制度》等相关法律法规、规章制度的规定和要求，在 2024 年任职期间 （2024 年 6 月 21 日—12 月 31 日），忠实勤勉履行职责，积极出席相关会议，认 真审议董事会各项议案，充分发挥独立董事的作用，维护公司整体利益和全体股东 尤其是中小股东的合法权益。现将本人 2024 年的履职情况汇报如下： 一、基本情况 （一）工作履历、专业背景及兼职情况 本人陈碧，自 2001 年起至今，任教于中国政法大学刑事司法学院，研究方向 为犯罪与证据，发表出版了《谁为律师辩护》《正义的回响》等多本法律专著。2023 年 11 月至今，担任果麦文化传媒股份有限公司独立董事。 根据中国证监会《上市公司独立董事管理办法》以及《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作》等相关规定。2024 年本人任期 内，公司独立董事召开 3 次专门会议，重点针对公司关联交易等事项开展前置阶段 ...

董事会 根据《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》的规定，独立董事应当每年对独立性情况进 行自查，并将自查情况提交董事会。董事会应当每年对在任独立董事独立性情况 进行评估并出具专项意见，与年度报告同时披露。基于此，新希望乳业股份有限 公司（以下简称"公司"）董事会，就公司在任独立董事卢华基先生、吴飞先生、 杨志清先生、陈碧女士的独立性情况进行评估并出具如下专项意见： 2025 年 4 月 23 日 新希望乳业股份有限公司 经核查独立董事卢华基先生、吴飞先生、杨志清先生、陈碧女士的任职经历 以及签署的相关自查文件等内容，董事会认为上述人员均能够胜任独立董事的职 责要求，其未在公司担任除独立董事以外的任何职务，也未在公司主要股东公司 担任任何职务，与公司以及主要股东之间不存在妨碍其进行独立客观判断的关系， 不存在影响独立董事独立性的情况，符合《上市公司独立董事管理办法》《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律 法规及《公司章程》中关于独立董事的任职资格及独立性的相关要求。 董事会关于独立董事独立性自查情况的专项 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 2,624,837,114.64, a slight increase of 0.42% compared to CNY 2,613,794,646.22 in the same period last year[4] - Net profit attributable to shareholders increased by 48.46% to CNY 133,238,800.55 from CNY 89,748,175.00 year-on-year[4] - Basic and diluted earnings per share rose by 50.00% to CNY 0.15 from CNY 0.10 in the same quarter last year[4] - Operating profit for the current period was ¥162,026,506.85, up from ¥125,678,844.87 in the previous period, indicating a growth of about 28.8%[19] - Net profit for the current period was ¥137,688,762.22, compared to ¥93,209,266.53 in the previous period, reflecting an increase of approximately 47.7%[19] - Other comprehensive income after tax for the current period was ¥110,322,726.85, a significant recovery from a loss of ¥68,292,538.76 in the previous period[19] Cash Flow - The net cash flow from operating activities surged by 2,233.55% to CNY 161,402,284.37, compared to a negative cash flow of CNY -7,564,975.22 in the previous year[4] - Cash flow from operating activities was ¥2,709,571,265.01, compared to ¥2,668,994,595.29 in the previous period, showing an increase of about 1.5%[20] - The net cash flow from operating activities was 161,402,284.37, a significant improvement from -7,564,975.22 in the previous period, indicating a positive operational performance[21] - Cash inflow from investment activities totaled 162,503,406.69, compared to 147,981,289.88 in the prior period, reflecting an increase of approximately 9.2%[21] - The net cash flow from investment activities was -181,715,569.34, worsening from -152,888,537.37 in the previous period, highlighting increased investment expenditures[21] - Cash inflow from financing activities was 525,000,015.36, down from 816,468,077.82, representing a decrease of about 35.7%[21] - The net cash flow from financing activities decreased by 126.72% to CNY -70,572,312.04, primarily due to a reduction in net borrowings[10] - Total cash outflow from operating activities was 2,561,886,830.83, compared to 2,693,172,428.00 in the previous period, indicating a reduction in cash outflows[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,897,913,329.16, reflecting a 0.22% increase from CNY 8,878,666,870.93 at the end of the previous year[4] - The company's equity attributable to shareholders increased by 6.99% to CNY 3,268,817,301.59 from CNY 3,055,379,360.76 at the end of the last fiscal year[4] - Total current assets decreased from CNY 1,998,125,624.47 to CNY 1,962,712,222.06, a decline of approximately 1.8%[15] - Total non-current assets increased from CNY 6,880,541,246.46 to CNY 6,935,201,107.10, an increase of approximately 0.8%[16] - Current liabilities increased from CNY 3,730,699,300.89 to CNY 3,851,784,121.96, an increase of approximately 3.2%[16] - Total liabilities increased from CNY 5,736,259,754.63 to CNY 5,537,618,310.36, a decrease of about 3.5%[16] - Total non-current liabilities decreased from CNY 2,005,560,453.74 to CNY 1,685,834,188.40, a decrease of approximately 16.0%[16] Expenses - Management expenses decreased by 30.40% to CNY 92,837,277.46, attributed to reclassification of certain fixed asset repair costs[9] - Research and development expenses increased to ¥12,231,445.43 from ¥9,940,767.41, reflecting a growth of approximately 23.0%[18] Cash and Equivalents - Cash and cash equivalents decreased from CNY 396,478,357.70 to CNY 305,565,974.26, a decrease of about 22.9%[15] - The ending balance of cash and cash equivalents was 300,695,047.04, down from 542,569,422.19, showing a decrease of approximately 44.6%[22]

Financial Performance - New Hope Dairy reported a revenue of RMB 2.5 billion for the fiscal year 2023, representing a year-over-year increase of 15%[20]. - The company achieved a net profit of RMB 300 million, which is a 10% increase compared to the previous year[20]. - The company's operating revenue for 2024 was ¥10,665,423,457.85, a decrease of 2.93% compared to ¥10,987,294,041.63 in 2023[6]. - Net profit attributable to shareholders increased by 24.80% to ¥537,690,940.06 in 2024 from ¥430,826,458.90 in 2023[6]. - The company's total revenue for 2024 was approximately ¥10.67 billion, a decrease of 2.93% compared to ¥10.99 billion in 2023[115]. - The liquid milk and dairy products manufacturing segment generated ¥9.91 billion, accounting for 92.89% of total revenue, with a year-on-year increase of 0.75%[115]. - The company achieved a significant milestone by integrating its digital marketing platform "Xianhuo Go," enhancing user engagement and retention rates[111]. - The company reported a net decrease in cash and cash equivalents of ¥47,257,367.57 in 2024, a significant decline of 417.73% compared to an increase of ¥14,873,647.92 in 2023[131]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[20]. - The company is actively expanding its market presence through direct-to-consumer (DTC) channels and regional deep cultivation strategies[41]. - The company is committed to enhancing corporate governance and increasing investor returns while ensuring compliance and improving information disclosure quality[160]. - The company plans to enhance its core competitiveness through technological advancements and operational improvements, focusing on low-temperature fresh milk and specialty yogurt as key product categories[154]. - The "Fresh Cube Strategy" for 2025 aims to achieve revenue growth and improved net profit margins by emphasizing product innovation and effective channel expansion[155]. Research and Development - Investment in R&D increased by 30%, focusing on innovative dairy processing technologies[20]. - The company filed 37 patent applications in 2024, including 14 invention patents, and received 19 patent grants, showcasing its commitment to innovation[47]. - New Hope Dairy's R&D budget has increased to 300 million yuan, focusing on innovative dairy products and health-oriented solutions[195]. - The company aims to develop 5-8 new types of fermented dairy products and file 2 invention patents as part of its new fermentation technology initiative[129]. Product Innovation - New product launches include a new line of organic dairy products, expected to contribute an additional RMB 500 million in revenue in the next fiscal year[20]. - The "24-hour" fresh milk series saw a revenue increase of over 15% year-on-year, contributing to the growth of the mid-to-high-end product line[108]. - The "Active Nourishment" light food cup fills a market gap for low-acid, zero-sugar products, aligning with current trends in light meal replacements[86]. - The company is developing high-quality ESL and UHT milk products, aiming to promote 3 factories and enhance economic and social benefits in Sichuan Province[128]. Sustainability and Social Responsibility - The company aims for carbon peak by 2030 and carbon neutrality by 2050, with a comprehensive greenhouse gas emission accounting guideline established for 2024[60]. - The company achieved a reduction of 27,736 tons of carbon dioxide emissions in 2024 through various green energy initiatives, including a 4.2MW photovoltaic project[61]. - The company is committed to sustainable development and social responsibility, aiming to create long-term brand value[41]. - The company plans to reduce carbon emissions by 20% over the next three years as part of its sustainability strategy[195]. Risk Management - The company acknowledges risks such as intensified market competition, product quality control, and potential natural disasters affecting operations[3]. - The company is at risk of raw milk supply shortages due to potential outbreaks of cattle diseases, which could impact product quality and consumer demand[72]. - Natural disasters could adversely affect operations, but the company's widespread geographic distribution helps mitigate significant impacts[73]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements are present[3]. - The company has established a governance structure that complies with regulatory requirements, including a board of directors with 9 members, 4 of whom are independent[167]. - The company emphasizes transparent information disclosure, utilizing the Giant Tide Information Network for timely updates[169]. - The company has an independent financial department with a complete accounting system and does not share bank accounts with its controlling shareholders[175].

新乳业（002946）公告，2025年第一季度营业收入26.25亿元，同比增长0.42%。净利润1.33亿元，同比 增长48.46%。 ...