大成食品二零二三年年报

年 報Annual Report2023 2Corporate Profile5Financial Highlights6Chairman’s Statement12Management Discussion and Analysis22Directors and Senior Management Profile34Corporate Governance Report80Report of the Directors105Independent Auditor’s Report114Consolidated Income Statement115Consolidated Statement of Comprehensive Income116Consolidated Statement of Financial Position118Consolidated Statement of Changes in Equity120Consolidated Cash Flow Statement121Notes to the Financial Statements265Corporate Information268Five Years Financial Summary 公司介紹Corporate Profile 2007 Dachan Food (Asia) Limited (the “Company”, “DaChan” or“We”) is a conglomerate with operations in the People’sRepublic of China (the “PRC” or “China”). The Company’sshares have been listed on The Stock Exchange of Hong KongLimited since 2007. The Company (together with its subsidiariesand its jointly-controlled entitles, the “Group”) is a leading fullyintegrated animal protein product provider whose products rangefrom feeds, poultry, advanced nutritional formulae for animals, toprocessed foods. 1330SOS The Group follows a highly vertically integrated businessmodel which integrates feed production, chicken incubationand slaughtering, chicken processing and food processinginto a unified operating platform, with nearly 30 factories in 13provinces and cities including Liaoning, Tianjin and Anhui. Itsanimal feeds are mainly sold under the brands “Dr Nupak” (), “Green Knight” () and “SOS”, and chicken meatand processed foods are mainly sold under the brand “Sisters’Kitchen” (). 7-Eleven The Group is a well-known supplier of processed chicken meat inthe PRC, and is one of the designated suppliers of chicken meatto fast food chains such as “Dicos” () and “Wallace” (). The Group is also the designated exporter of high-qualitychicken meat products in the PRC for “Ito Yokado” and 7-Elevenconvenience store chains in Japan. Our products are exported toJapan, Singapore and other countries as well as Hong Kong, thePRC, with the market share increasing year by year, generatingenormous social and economic benefits. 2009 In 2009, the Group officially began its “transparent source”project, a food safety management system with full traceabilityfrom farm to table, enabling consumers to trace productinformation such as the locations and identities of the farms oforigin, the animal feeds consumed, and the factories where thefood products were processed. The Group places top priority tofood quality and its high standard of quality control has earnednumerous industry awards and recognitions. 公司介紹Corporate Profile The Group endeavours to develop new products with high addedvalue utilising the latest food technology. By promptly respondingto changes in market demand, the Group has greatly enhancedthe quality of its customer service. 願景 Vision With its continuous business growth driven by food products, theGroup will provide customers with safe, nutritious and healthyproducts and services, and will implement a benefit-sharingmechanism among all parties in the upstream, midstream anddownstream of the industrial chain, including shareholders,employees, suppliers and farmers, so as to realize sustainabledevelopment of the Group and promote the harmoniousdevelopment of the society at large. 公司介紹Corporate Profile 競爭優勢 Competitive Advantages ••••• •Market leader in the chicken processing food market withhigh brand profile•Business tightly integrated with highly efficient mode ofoperation across the entire industrial chain•Strict and high quality control and traceability system•Stable and longstanding strategic partnerships withnationally and internationally renowned customers•Experienced and dedicated management team 財務摘要Financial Highlights 20231231For the year ended 31 December 2023 Dear Shareholders, Thank you for your relentless support towards Dachan Food! GDP5.2% During the past year, the international macro-environmentbecame more challenging with increasing complexity andvolatility. The Russian-Ukrainian conflict continued and theresurgence of war in the Middle East region has aggravated thealready fragile global supply chain, increasing the risk of globaleconomic stagflation. The GDP of China grew by 5.2% year-on-year, with the economy rebounding and improving, but at thesame time there were difficulties and challenges as effectivedemand was inadequate and there was overcapacity in someindustries. Through years of development, the market structure of the whitefeather meat chicken industry in China has been shifted fromdemand exceeding supply in the past to the current conditionof supply exceeding demand. To cope with market changes,the Company took the initiative to restructure its businessmodel focusing on downstream food processing, increasing thescale of food processing, downscaling the breeding operation,diversifying the supply mode of feathered chicken, putting greatefforts in developing differentiated products and processedproducts catering