澳亚集团中期报告2023

2023Interim Report中 期 報 告 Contents 2Corporate Information4Locations of Production Units5Highlights8Management Discussion and Analysis26Corporate Governance and Other Information35Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income37Condensed Consolidated Statement of Financial Position39Condensed Consolidated Statement of Changes in Equity41Condensed Consolidated Statement of Cash Flows43Notes to Condensed Consolidated Financial Statements71Definitions and Glossary Corporate Information BOARD OF DIRECTORS BOARD COMMITTEES Executive Directors Audit Committee Mr. TAN Yong Nang (Executive Chairman)Mr. Edgar Dowse COLLINS (Chief Executive Officer)Mr. YANG Ku (Chief Operating Officer) Mr. SUN Patrick (Chairman)Mr. CHANG Pan, PeterMr. HIRATA Toshiyuki Non-Executive Directors Remuneration Committee Mr. HIRATA ToshiyukiMs. GAO Lina (redesignated from Executive Directoron 7 June 2023)Ms. Gabriella SANTOSA (appointed on 7 June 2023) Mr. CHANG Pan, Peter (Chairman)Mr. SUN PatrickMr. TAN Yong Nang Nomination Committee Independent Non-executive Directors Mr. TAN Yong Nang (Chairman)Mr. SUN PatrickMr. LI Shengli Mr. SUN PatrickMr. LI ShengliMr. CHANG Pan, Peter ESG Committee COMPANY SECRETARIES Mr. Edgar Dowse COLLINS (Chairman)Mr. YANG KuMr. LI Shengli Singapore Ms. CHUA Sook Ping Christina (LLB (Hons))Ms. CHENG Sai Hong (ACS, ACG) PRINCIPAL BANKS DBS Bank Ltd12 Marina Boulevard Level 45Marina Bay Financial Centre Tower 3Singapore 018982 Hong Kong Ms. HO Wing Nga (HKFCG (PE), FCG) AUTHORISED REPRESENTATIVES UNDERTHE LISTING RULES DBS Bank (China) Limited, Shanghai Branch18th Floor, DBS Bank Tower, 1318 Lu Jia Zui Ring RoadPudong New District, Shanghai 200120China Mr. Edgar Dowse COLLINSMs. CHUA Sook Ping Christina PT Bank Mandiri (Persero) TBK Shanghai BranchUnit 4101 Shanghai Tower, 501 Yin Cheng Zhong RoadPudong New District, ShanghaiChina Malayan Banking Berhad Shanghai BranchRoom 03-04, 6th Floor, BRICS Tower, No. 333 LujiazuiRing RoadPudong New District, Shanghai 200120China Corporate Information PRINCIPAL BANKS (CONTINUED) HEADQUARTER AND REGISTERED OFFICE United Overseas Bank (China) Limited,Shanghai Pilot Free Trade Zone Sub-branchRoom 602, 6F, No. 116, 128 Yincheng Road,Pilot Free Trade Zone, Shanghai 200120China 400 Orchard Road#15-08, Orchard TowersSingapore 238875 PRINCIPAL PLACE OF BUSINESS IN CHINA No. 10, Yongguan Road, Yongan Town, Kenli DistrictDongying City, Shandong ProvinceChina China Construction Bank Corporation Co., Ltd.,Dongying Nonggao District Sub-branchNo. 9 Guangbei Road, Agricultural High-tech ZoneDongying City, Shandong ProvinceChina PRINCIPAL PLACE OF BUSINESS INHONG KONG China Citic Bank Corporation Limited, Dongying BranchNo. 128, Fuqian StreetDongying City, Shandong ProvinceChina 46th Floor, Hopewell Centre183 Queen’s Road EastWan ChaiHong KongChina LEGAL ADVISER AS TO LAWS OF THE PRC Global Law Office15th Floor, Tower 1, China Central Place, No. 81, Jianguo RoadChaoyang District, Beijing 100025China PRINCIPAL SHARE REGISTRAR Boardroom Corporate & Advisory Services Pte. Ltd.1 Harbourfront AvenueKeppel Bay Tower #14-07Singapore 098632 AUDITOR Ernst & Young27/F, One Taikoo Place979 King’s Road, Quarry BayHong KongChina(Certified Public Accountants and RegisteredPublic Interest Entity Auditor) HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre, 183 Queen’s Road EastWan ChaiHong KongChina COMPLIANCE ADVISER STOCK CODE Anglo Chinese Corporate Finance, Limited40/F Two Exchange Square8 Connaught Place, CentralHong KongChina Stock Code: 2425 WEBSITE www.austasiadairy.com Locations of Production Units Highlights Highlights Forthe Reporting Period,the Group recorded a revenue of approximately RMB1,845.6 million,representing amoderate growth of 1.9% compared to the same period of 2022. This is mainly attributable to: a 2.4% decrease in the beef cattle sales volume and a 3.0% decrease in the beef cattle selling price. The gross profit decreased by 29.5%, from approximately RMB443.1 million to RMB312.5 million. This is mainly causedby: (i)the increases in feed material prices. For the Reporting Period, the feed cost for per kg of raw milk increasedby approximately 7.1%, from RMB2.38 to RMB2.55; and (ii)the increase in cost of sales due to the increase in our dairy cow herd size of 11.5%, which resulted in acorresponding increase in the volume of feed materials used during the Reporting Period. The Group recorded a net loss of approximately RMB310.5 million, this is mainly attributable to the losses arising fromchanges in the fair value less costs to sell of other biological assets of RMB414.6 million. The significant losses aremainly due to higher feed cost and lower raw milk price used in the assumption to derive the fair value of biologicalassets. During the Reporting Period, the Group’s key operational efficiency indicator – annualised a