优然牧业中期报告2023

China Youran Dairy Group Limited中國優然牧業集團有限公司 （於開曼群島註冊成立的有限公司） 股份代號: 9858 20216189858.HK 202363085151531542023630144582867.45,700DHAA2A2 24563439404143444578 20237 2820237 28 89 Nexus WayCamana Bay, Grand CaymanKY1-9009, Cayman Islands 169 131 110 Ogier 9858 Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand Cayman, KY1-9009Cayman Islands https://www.yourandairy.com/ 1617 3.9620224.205.7%20224.8%1.4%573.43202223.5%671.718.9% 2023 TPM+20228,7074.2%9,077 202363017852022630447,33520.6%2023630539,400253,633285,76747.0%53.0% 711 20236302023520236306,74366 1,437,13820221,150,87324.9%12.2202211.47.0%12.812.9202215.2%249 i.TPMSOP6 ii. iii. iv.7 v.1473531144 A2 412 + 200 449,3102022525,00914.4% +20236301520217.210.20.1% 579,6602022642,4289.8%2023630182 • • 5013 15 RFV17060%22%35%85% 4.8SOP 2023630281,000+ 202256.8% 2022744,2109.5%673,597202220.7%5,700 13,500(OPU-IVF)1450,0002,000500 200100 1 202220.7%2022 țA2TKHTK 20234GTPI35(National Association of Animal Breeders)132100 (MIR)10% 4054 20236304002023630767 SQFISO9001ISO22000ChinaGAPISO17025CNASSQF 100 CNAS(EHSQ)(QACP) 100% 3279 CNASEHSQ TMR 20302050 MSCIESGBBCSA64%85% EHSQ ISO 14067-20185LCA 250 20228,7074.2%9,077 20225,21918.0%6,15720221,127,73624.4%1,402,4854.3920224.635.2% 20223,48816.3%2,920 20228,1425.0%8,552 20223,53624.8%4,414 2.4920222.5%(i)(ii) 20223,07416.4%2,570 20221,5322.4%1,569 20221,5321,569 20222,0972,09324.1%23.1% 20221,6831,743202232.3%28.3%(i)20225%(ii)20222.5% 2022414350202211.9%12.0% 20228522,263 20221687.2%1812022819 20223549.6%18 2022690 20222817.4%30220223.2%3.3% 20223299.5%36120223.8%4.0% 20223124.9%38 20225129.7%562 20222331,206 20223311.9%37 20222001,244(i)(ii)202224.4%(iii) i.EBITDA(i)(ii)(iii)(iv)(v)(vi)(vii)ii.iii.(i)4%(ii) EBITDA 2,66620221,862 6,694(i)2,525(ii)4,500(iii)1,188578910 20224,216(i)2,539(ii)1,118(iii)1,328572 3,816(i)14,008(ii)608(iii)9,316 20223,73613,3279,201 2023630 2023630189.0%20221231135.0%54100% 20236302,300202212312,99820221231 202363051.73%60.59%61.44%824 20236305% 2023630 2023630 2023630 i.ii.iii.iv.v. 775202269012.3% 2023630XV(a)XV78(b)352(c) 2023630336 1.L2.20236303,795,404,0003.800,000,000520,800,0001,320,800,0004.PAGAC Yogurt Holding I LimitedPAG I371,583,651PAGAC Yogurt Holding II LimitedPAG II822,602,530PAGAC Yogurt Holding III Limited (PAG III)221,948,21299PAG IPAG IIPAG IIIPAG Capital LimitedPAG IPAG Asia I LPPAG Asia I LPPAG Asia CapitalGP I LimitedPAG Asia I LPPAG Asia Capital GP I Limited371,583,651PAG IIPAG IIIPAG Dairy I LPPAG Dairy I LPPAG Dairy GP I LimitedPAG Dairy I LPPAG Dairy GP I Limited1,044,550,742PAG Capital LimitedPacific Alliance Group Limited100%100%34.67%PAG Capital LimitedPacific Alliance Group Limited1,416,134,3935.Meadowland Investment Limited Partnership 2023630336 20216183,2702,711 2023630 20231231316 3.21 2410 2023630 2023728 2023728 13.51B(1) youranir@yourandairy.com(www.yourandairy.com) 40772023630343434 2410 34 • 2023825 20236 30 20236 30 20236 30 2023630 1. 202161889NexusWay, Camana Bay, Grand Cayman KY1-9009, Cayman Islands169 2. 3416 20236309,5772024630122023630121220236301258 3. (i)(ii) 202363020221231 202311 17202062021121781212 2023630 4. 4. 2022630 2023630 4. 4. 2023630 4. 10% 5. 6. 7. 2023630 8. 9. 15%[2012]972021202315%20%[2021]102202240% 25% 10. 11. 2023630 12. 202212310.022202263083,499,0002022630 13. 791,828,00020226301,096,736,000 1.2530260,912,0002022630222,490,000245,196,0002022630197,186,000 14. 762,741,000202030,239,0002021 2023630217,005,0000.23%0.25% 15. 26 16. 2023630 16. 90 202363020221231 2023630 20. 3.10%3.35%202212313.10%3.35% 21. 2023630 23. 14,008,172,000202263013,327,188,000 24. 2020114603,0514%6%20211231 (a) 0.446052%0.5% (b) 2023630 24. (c) 10%20222 202211282023624%6%2022112862023675 2023517202212310.445050.442902023517 25. 26. 1 2023630 26. 23 26. 2023630 26. 26. 2023630 26. 26. 2023630 26. 26. 2023630 26. 27. 2023630 27. 27. (f) 2023630 28. 29.