Revenue and Sales Performance - The expected revenue for the breeding farm is RMB 25,344,000 based on a projected sales volume of 3,168,000 kg of goat milk at an average price of RMB 8.00 per kg[4]. - Actual sales of raw goat milk in 2023 were 932,000 kg at an average price of RMB 7.15 per kg, a significant decrease from 1,463,265 kg sold in 2022[5]. - The actual sales volume of raw goat milk decreased from 1,463,265 kg in 2022 to 932,000 kg in 2023, attributed to lower birth rates and slower economic recovery post-COVID-19[5]. - The average price of raw goat milk in the first half of 2023 was RMB 5.87 per kg, a 14% decrease compared to the same period in 2022[16]. Production and Operational Challenges - The average daily milk production per mother goat is expected to be 2.2 kg, but the actual production was only 1.65 kg due to weather conditions and feed quality[6]. - The company recognized an impairment loss of RMB 85,925,000 due to significant losses incurred in the first half of 2023[15]. - The fair value of biological assets as of June 30, 2023, and December 31, 2023, is approximately RMB 22,992,000 and RMB 17,486,000, respectively[6]. - The valuation report indicates that the company's operational performance is expected to decline due to falling raw milk prices and increased costs[17]. Strategic Plans and Management Outlook - The company plans to import approximately 1,500 goats to expand its herd size, but this plan was postponed due to rising import prices and economic slowdown[4]. - The company’s management is not optimistic about the future development of the goat milk business due to declining demand and increased operating costs[15]. - The management team is committed to driving growth and innovation in the agricultural sector[19]. - The company aims to expand its market presence and explore new strategic initiatives[19]. - Future outlook includes potential investments in new technologies and product development[19]. - The company is actively seeking opportunities for mergers and acquisitions to enhance its competitive edge[19]. Governance and Board Composition - The board of directors includes four executive directors: Zhao Hongliang (Chairman), Zhang Yongjiu (CEO), Chen Xiangqing (CFO), and Liu Gang[19]. - The company has three non-executive directors: Leng Youbin, Liu Hua, and Cai Fangliang[19]. - There are four independent non-executive directors: Meng Jingzong, Zhang Yuezhou, Zhu Zhanbo, and Liu Jinping[19]. - The company is focused on enhancing its governance structure with a diverse board composition[19]. - The board emphasizes the importance of sustainable practices in its operations[19]. - The management is dedicated to maintaining transparency and accountability in its financial reporting[19].
原生态牧业(01431) - 2023 - 年度业绩