大成食品二零二四年年报

Annual Report2024 ContentsContents 2Corporate Profile5Financial Highlights6Chairman’s Statement13Management Discussion and Analysis23Directors and Senior Management Profile34Corporate Governance Report80Report of the Directors104Independent Auditor’s Report113Consolidated Income Statement114Consolidated Statement of Comprehensive Income115Consolidated Statement of Financial Position117Consolidated Statement of Changes in Equity119Consolidated Cash Flow Statement120Notes to the Financial Statements265Corporate Information268Five Years Financial Summary 公司介紹Corporate Profile 20071330165 DaChan Food (Asia) Limited has been listed on the StockExchange since 2007. It is a leading fully integrated animalprotein product provider whose products range from feeds,poultry and advanced nutritional formulas for animals toprocessed foods. DaChan Food adopts a highly verticallyintegrated business model, integrating feed production, chickenhatching and slaughtering, chicken meat processing andprocessed food production into a unified operating platform. TheGroup has invested in 13 provinces and cities, including Liaoning,Tianjin, and Anhui, with nearly 30 factories and over 8,000employees in total. The Group processes approximately 100million chickens annually, helping tens of thousands of farmersto prosper through chicken breeding, with operating income overRMB6.5 billion. The Group has successfully developed into aleading enterprise in the chicken meat, processed food and feedmarkets in the PRC market. SOS13 DaChan Food’s feeds business sells under the brands “Dr.Nupak” (), “Green Knight” () and “SOS”. It hasrich experience in feeds production, successfully joined the ranksof China’s leading feeds producers, and is one of the largestfeeds production enterprises in Asia. The Group has 13 large-scale feeds production bases in mainland China, with many of itsfeeds company selected as national high-tech enterprises. www.jmcf.com.cn)2008477-Eleven Most of DaChan Food’s chicken meat and processed foods aresold under the brand “Sisters’ Kitchen” () (www.jmcf.com.cn). It is the exclusive chicken supplier for the 2008 BeijingOlympic Games and was awarded the National Key LeadingEnterprise in Agricultural Industrialisation, with four chickenmeat production facilities and seven processed food productionfacilities. DaChan Food is a well-known supplier of processedchicken meat in the PRC. It is one of the designated suppliers ofchicken meat to fast food chains such as “Dicos” () and“Wallace” (), as well as the designated exporter of qualitychicken meat products in the PRC to “Ito Yokado” () in Japan and 7-Eleven convenience store chains in Japan.With the export of our products to Japan, Singapore and othercountries as well as Hong Kong, China, the Group’s market shareis increasing year by year, creating huge social and economicbenefits. 公司介紹Corporate Profile 2009 In 2009, the Group officially initiated the “transparent source”project, a food safety management system providing fulltraceability from farm to table throughout, enabling consumersto trace product information such as the name of the farmers,the locations of the farms of origin, the animal feeds consumed,and the factories where the foods were processed. Food safetyand quality are of the utmost importance, and DaChan Food hasearned numerous industry awards and recognitions thanks to itshigh standard of quality control. 20212023 In 2021, the Company continued its upward development byinvesting more than RMB1 billion to initiate the Bengbu DaChanPhase II Project in Bengbu, Anhui Province and expand thebreeding of chickens, feed, slaughter, cooked food and automaticcold storage projects, etc., which was put into operation in 2023.With “integrity” and “modesty” in mind, DaChan Food is alwaysforward-looking to provide consumers with safe and secure meatand animal protein products, and it is an environmentally-friendlyenterprise with excellent quality, food safety and high hygienestandards. 財務摘要Financial Highlights 20241231For the year ended 31 December 2024 主席報告Chairman’s Statement Driving Integration of Production and SalesStrengthening the Food Brand,帶動產銷一條龍做強食品品牌， Dear Stakeholders, In 2024, the turbulence and uncertainty of the global landscapehas elevated dramatically. Against the background of escalatinggeopolitical conflicts, intensified great power competition aswell as an obvious trend towards deglobalisation in trade, theworld was in a persistent low growth interval. With insufficientdomestic effective demand and overcapacity in some industries,certain enterprises suffered from difficulties in operation andresidents’ confidence in consumption was weak. China hassuccessively introduced a number of policies to boost marketconfidence with a view to drive consumption recovery. In recent years, there has been an imbalance in the developmentpace of the supply and demand of the white feather broilerindustry in China, leading to a relative overcapacity on the