海大集团：2024年年度报告

GuangdongHaidGroupCo.,Ltd.2024AnnualReport April2025 SectionIImportantTips,ContentsandInterpretation Thecompany'sboardofdirectors,boardofsupervisors,directors,supervisorsandseniormanagementpersonnelguaranteethatthecontentsoftheannualreportaretrue,accurateandcomplete,andtherearenofalserecords,misleadingstatementsormajoromissions,andbearindividualandjointlegalliabilities. XueHua,thepersoninchargeofthecompany,YangShaolin,thepersoninchargeofaccountingwork,andYangShaolin,thepersoninchargeoftheaccountingorganization(accountingofficer),herebyconfirmthatthefinancialreportinthisannualreportistrue,accurateandcomplete. Alldirectorsattendedtheboardmeetingatwhichthereportwasconsidered. 1.Theriskofabnormalweatheraffectingtheperiodicfluctuationsofthefeedindustry Thefeedindustrymainlyservesthedownstreamaquacultureindustry.Whennaturalfactorssuchashightemperature,extremecold,rain,typhoonandothernaturalfactorschangeabnormallyduringthebreedingprocess,theremaybelargefluctuationsinthenumberofbreedingstocksandstorageponds,andevenlarge-scaleoutbreaksofdiseases,whichwillaffectthedemandforfeed,andtherewillbeariskofphasedorregionaldemandfluctuations.Forexample,continuousrainyweatherwillreducethedissolvedoxygensaturationofthewaterbody,deterioratethewaterquality,affectthefeedingofaquatic animals,causefarmerstopassivelyreducefeeding,andsomeaquaticproductswillnotadapttothedrasticchangesintheenvironmentandevendie,whichwillaffecttheshort-termaquaticfeeddemand;Floodscausedbyheavyrainfallintheregionintheshorttermwillleadtothelossofaquaticproductsandlivestockandpoultrybreeding,whichwillaffectthenormalfeeddemand.Afterfloods,generalanimalepidemicsarepronetoandfrequent,andwillalsohaveanadverseimpactontheproductionandoperationoffeedenterprises.Riskresponsemeasures:(1)ThecompanyiscurrentlydeployingfactoriesanddevelopinglocalmarketsinmajorbreedingregionssuchasSouthChina,CentralChina,EastChina,andNorthChina,aswellasoverseasmarketssuchasSoutheastAsia,SouthAmerica,andAfrica.Theexpansionoftheregionallayoutcaneffectivelydealwiththerisksofabnormalweatherandnaturaldisastersinlocalareas;(2)Continuouslyimprovetheserviceabilityoffarmers,throughthejointempowermentoffeed,seedlingsandanimalprotection,providescientificbreedingplans,andprovidecounterpartguidancefromthecompany'stechnicalpersonneltoimprovefarmers'anti-riskabilityandbreedingcompetitiveness,andreducetheadverseeffectscausedbyabnormalweatherinfluences. 2.Risksbroughtbybreedingdiseasestothecompany'sproductionandoperation Withthechangeoftheenvironmentandthedevelopmentoflarge-scalebreeding,animaldiseaseswillalsooccurfromtimetotime.Forexample,the "Africanswinefevervirus"thatbrokeoutnationwideinAugust2018,andthediseasessuchasthe"blue-earvirus"inpigs,the"EMSdisease"inshrimpfarmingandthe"H7N9virus"inpoultryhaveappearedinrecentyears.Theoccurrenceofthediseasewillleadtothereductionoftheproductionandstockoffarmedanimals,whichwilldirectlyinhibitthescaleofbreedingandreducethedemandforfeedintheshortterm;Theprevalenceofmajoranimaldiseasescanalsoeasilyaffectconsumerpsychology,leadingtoshrinkingterminaldemand,causingtheaquacultureindustrytofallintoastageddownturn,affectingfeeddemand.Atthesametime,theoutbreakofregionalepidemicswillbringaboutmajoradjustmentsinthebreedingstructureandinventoryinsomeareas,whichwillaffectthedemandforfeedintheregion.Riskresponsemeasures:(1)Thecompany'sfeedvarietiescoverlivestockandpoultryfeedssuchaspigfeed,chickenfeedandduckandgoosefeed,aswellasaquaticfeedssuchasfishfeedandshrimpfeed.Thevarietyiscompleteandthestructureisbalanced,whichcaneffectivelydealwiththediseaseriskofasinglebreedingspecies.Atthesametime,thecompanyiscurrentlydeployingfactoriesanddevelopinglocalmarketsinmajordomesticbreedingregionsandoverseasmarketssuchasSoutheastAsia,SouthAmericaandAfrica.Theexpansionoftheregionallayoutcaneffectivelydealwiththeriskofepidemicoutbreaksinlocalareas;(2)Thecompanyhasestablishedastrictdiseasepreventionandcontrolsystemintheproductionprocessoffeedproducts,andatthesametime,utilizestechnicaladvantagesandprofessionalcapabilitiesto implementthepreventionandcontrolofbreedingdiseasesfromthesource. 3.Theriskofmajorrawmaterialpricefluctuations Thefeedingredientsaremainlyvariousbulkagriculturalproducts,mainlycornandsoybeans(soybeanmeal).Inrecentyears,thedomesticandinternationalagriculturalproductmarketshavebeencloselylinked.Climatechanges,changesinplantingareaandharvest,changesinpurchasing,storageandsubsidypolicies,changesinimportandexportpolicies,politicalgamesinvariouscountries,internationaltraderelations,shippingconditionsandotherlogisticscapacityandcostfluctuations,andexchangeratechangesinmajorgrain-producingcountriesmaybringlargefluctuationsinagriculturalproductprices,whichinturnmayhaveacertainimpactonfeedandbreedingcosts.Withthestrengtheningoftheinternationalizationofagriculturalproducttrade,thefactorsofagriculturalproductpricechangearebecomingmoreandmorecomplex,andthepricefluctuationisalsointensified.Ifthecompanyfailstograspthechangesinthefeedrawmaterialmarketinatimelymanneranddoagoodjobinthestrate