深粮B：2024年年度报告

SHENZHEN CEREALS HOLDINGS CO.,LTD. ANNUAL REPORT 2024 【April 2025】 Section I. Important Notice, Contents and Interpretation The Board of Directors, the board of supervisors, all directors, supervisors and seniorexecutives of SHENZHEN CEREALS HOLDINGS CO., LTD. (hereinafter referred to as “theCompany”) hereby confirm that there are no any fictitious statements, misleading statements,or important omissions carried in this report, and shall take all responsibilities, individualand/or joint, for the reality, accuracy and completion of the whole contents. Principal of the Company Wang Zhikai, Head of Accounting Lu Yuhe and Head ofAccountingInstitution(Accounting Supervisor)Lu Chengjun hereby confirm that theFinancial Report of Annual Report 2024 is authentic, accurate and complete. All Directors have attended the Board Meeting for deliberation of this Report. Concerning the forward-looking statements with future planning involved in the annualreport, they do not constitute a substantial commitment for investors.Securities Times,ChinaSecurities Journal，Shanghai Securities Journaland Juchao Website (www.cninfo.com.cn)are the media appointed by the Company for information disclosure. All information of theCompany disclosed in the above mentioned media should prevail. Investors are advised toexercise caution of investment risks. TheCompany has analyzed the risk factors that the Company may exist and itscountermeasuresin the report.Investors are advised to read“Prospect for futuredevelopment of the Company” in the report of Section III Management Discussion andAnalysis. This report has been prepared in Chinese and English version respectively. In theevent of difference in interpretation between the two versions, Chinese report shall prevail. The profit distribution plan that was deliberated and approved by the Board Meeting is:based on total share capital of 1,152,535,254, distributed cash bonus of 1.50 yuan (taxinclusive) for every 10 shares, 0 share bonus issued (tax inclusive) and no transfer of capitalreserve into share capital. Content Section I. Important Notice, Contents and Interpretation............................................................................................ 2Section II Company Profile and Main Financial Indexes............................................................................................ 6Section III Management Discussion and Analysis.....................................................................................................11Section IV Corporate Governance..............................................................................................................................30Section V. Environmental and Social Responsibilities.............................................................................................. 49Section VI. Important Events..................................................................................................................................... 51Section VII. Changes in Shares and Particulars about Shareholders......................................................................... 77Section VIII. Preferred Stocks.................................................................................................................................... 84Section IX. Corporate Bonds...................................................................................................................................... 85Section X. Financial Report........................................................................................................................................86 Documents Available for Reference 1. Text of financial statement with signature and seals of legal person, person in charge of accounting works andperson in charge of accounting institution;2. Original audit report with seal of accounting firm and signature and seal of the CPA;3. Original and official copies of all documents which have been disclosed onSecurities Times, China Securities,Shanghai Securities Journaland Juchao Website (www.cninfo.com.cn) in the reporting period;4. Original copies of 2024 Annual Report with signature of the legal representative. Interpretation Section II Company Profile and Main Financial Indexes I. Company information II. Person/Way to contact III. Information disclosure and preparation place V. Other relevant information CPA engaged by the Company □ ApplicableNot applicable Financial consultant engaged by the Company for performing continuous supervision duties in reporting period □ ApplicableNot applicable VI. Main accounting data and financial indexes Whether the company has retroactive adjustment or re-statement on previous accounting data or not? ☑YesNo Reasons for retrospective adjustments or restatements VII. Difference of the accounting data under accounting rules in and out of China 1. Difference of the net profit and net assets disclosed in financial report, under both IAS (Internation