普甜食品(01699) - 2024 - 年度业绩

Supplemental Announcement Regarding 2022 Annual Results This section provides supplementary explanations for significant changes in key financial items reported in the 2022 annual results Biological Assets The significant decrease in biological assets is attributed to the group's strategic shift from pig farming to slaughtering and meat processing due to intense industry competition, reducing pig numbers and fair value - Due to intense competition, low gross margins, and cash flow issues in the pig farming industry, the group strategically refocused on slaughtering and meat processing, significantly scaling down its live pig breeding operations[4] Biological Assets Fair Value and Pig Count | Item | December 31, 2021 | December 31, 2022 | Change | | :--- | :--- | :--- | :--- | | Fair Value of Biological Assets (RMB) | Approx. 110.74 million | Approx. 29.87 million | Significant Decrease | | Number of Live Pigs (Heads) | 56,983 | 19,665 | 65.5% Decrease | Accruals, Deposits Received and Other Payables The substantial increase in accruals and other payables is primarily due to the company's recognition of approximately RMB 287 million in additional interest claimed by creditors for convertible bonds and notes following a statutory demand - On April 18, 2023, the company received a statutory demand from creditors for the outstanding principal and interest on convertible bonds and notes[6] - Based on prudence, the company recognized approximately RMB 286.99 million in additional interest claimed by creditors for the October 15, 2018 default event, significantly contributing to the increase in payables[6] Accruals, Deposits Received and Other Payables | Item | December 31, 2021 | December 31, 2022 | | :--- | :--- | :--- | | Accruals, Deposits Received and Other Payables (RMB) | Approx. 96.67 million | Approx. 459.18 million |