中国食品2024年度报告

ANNUAL REPORT2024 CORPORATE PROFILE China Foods Limited (“China Foods”or the“Company”and together with itssubsidiaries, the“Group”), a subsidiary of COFCO Corporation (“COFCO”) and theonly focused beverage platform of COFCO, is listed on the main board of The StockExchange of Hong Kong Limited (Stock Code: 506). The Company mainly manufactures, distributes, markets and sells the Coca-Cola series products at nineteen provincial-level administrative regions in the PRCthrough COFCO Coca-Cola Beverages Limited (“COFCO Coca-Cola”), a 65%-ownedjoint-venture with The Coca-Cola Company. COFCO Coca-Cola offers twenty-fivebrands of products in ten major types of beverages which include sparkling drink,juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sportsdrink and plant-based protein drink. 506 65%191025 CONTENTS EARNINGS PER SHARE每股盈利 Groundbreaking Ceremony of Shaanxi New Plant On 30 January 2024, the construction of the new plant of COFCO Coca-Cola in Shaanxi was officiallycommenced. Chairman of COFCO Corporation, Lu Jun, Chief Accountant, Su Jian, Chairman and CEO ofThe Coca-Cola Company, James Quincey, and leaders from the Xi’an municipal government and relevantdepartments attended and laid the foundation for the new plant. 20241 30CEOJames Quincey Chairman of COFCO Corporation, Lu Jun Conducted a Research on China Foods’ Business On 30 January 2024, Chairman of COFCO Corporation, Lu Jun conducted a market survey of COFCO Coca-Cola, acknowledging the market execution and fully affirming the expansion of new businesses such as smartretail. 20241 30 Core Management Team of The Coca-Cola Company Conducted Multiple Research Visits to market ofChina Foods James Quincey, Global Chairman and CEO of Coca-Cola, John Murphy, Global President and CFO of Coca-Cola, Henrique Braun, Global Executive Vice President and CEO of Coca-Cola, Nancy Quan, Global SeniorVice President and Chief Technical Innovation Officer of Coca-Cola, Karina Espinel, Global President ofR&D Innovation of Coca-Cola, and other senior executives visited China to research COFCO Coca-Cola, fullyrecognizing the potential of the Chinese market and the business development of COFCO Coca-Cola. James QuinceyJohnMurphy(Henrique Braun)Nancy QuanKarina Espinel Clean Drinking Water in 24 Hours24 In 2024, COFCO Coca-Cola activated the“Clean Drinking Water in 24 Hours”emergency drinking waterrescue mechanism 30 times, delivering 924,496 bottles of drinking water to regions such as Guizhou, Hunan,Sichuan and Shandong, effectively alleviating the water needs of disaster-stricken areas. With the motto“WaterDelivered, Care Delivered”, we fulfilled the promise of“Clean Drinking Water in 24 Hours”through concreteactions, providing timely assistance to every region in need. 20243024924,49624 Launch Meeting of Specialized Pilot Operation for Production and Sales in the Beijing-Tianjin-HebeiRegion On 25 December 2024, COFCO Coca-Cola's specialized operation for production and sales in the Beijing-Tianjin-Hebei region was officially commenced. This aimed to "meet customer business needs, enhanceefficiency, and improve profitability", by innovating business models and operational mechanisms, seeking newopportunities for quality improvement and efficiency enhancement for China Foods. 202412 25 Work in 2024 Was Highly Recognized by External Parties2024 In 2024, various operating units of China Foods received the "National and Provincial-Level" honorary awards63 times. All plants were awarded the annual "Lucid Waters and Lush Mountains Cup" title forexcellent water and energy saving enterprises by the Beverage Industry Association. Currently, eight plants arerecognized as national-level green plants, seven as provincial-level green plants, and two as provincial-levelgreen supply chain enterprises. 202463872 QING LIJUN Dear Shareholders, 2024214.9218.6611.6 In 2024, under the leadership and support of the Board andthrough the efforts of the management team, China Foods onceagain delivered encouraging performance growth, maintainingsteady business expansion and achieving record-high profits.The revenue approached approximately RMB21.492 billion,whiletotal operating profits reached RMB1.866 billion.The Company’s innovative business has experienced rapiddevelopment,with the number of smart retail businessmachines ranking first in the industry, and the online businessscale of Yuexiang Club has reached RMB1.16 billion. 2024 In2024,despite facing increased external pressures andgrowing internal challenges in a complex and severe situation,China’s economy operated with overall stability and progress.By intensifying the implementation of existing policies andapackage of new policies,the economy experienced asignificantrebound,providing a solid foundation for thesteadydevelopment of China Foods.Facing the volatilemarket environment, the China Foods team accurately seizedopportunitiesand focused on overcoming challenges.Byadheri