大成食品2025 中期报告

目錄CONTENTS Corporate Information2 Chairman’s Statement5 Management Discussion and Analysis13 Consolidated Income Statement24 Consolidated Statement of Profit or Loss andOther Comprehensive Income25 Consolidated Statement of Financial Position26 Consolidated Statement of Changes in Equity28 Notes to the Unaudited InterimFinancial Report30 Corporate Governance51 Other Information53 DIRECTORS Executive DirectorsMr. James Chun-Hsien Wei(Chairman)Mr. Han Chia-Yin Non-executive DirectorsMr. Han Chia-YauMr. Harn Jia-ChenMr. Han Jia-HwanMr. Chao Tien-ShinMr. Wei Anning 亷 Independent Non-executive DirectorsMr. Ting Yu-ShanMr. Hsia, Li-YanMs. Lee Tsai, Yu-LingMr. Kao Koong-Lian AUDIT COMMITTEE 亷 Mr. Ting Yu-Shan (Chairman )Mr. Hsia, Li-YanMs. Lee Tsai, Yu-LingMr. Kao Koong-Lian REMUNERATION COMMITTEE 亷 Mr. Hsia, Li-Yan (Chairman )Mr. Han Chia-YauMr. Harn Jia-ChenMr. Ting Yu-ShanMs. Lee Tsai, Yu-LingMr. Kao Koong-Lian NOMINATION COMMITTEE 亷 Ms. Lee Tsai, Yu-Ling (Chairman )Mr. Harn Jia-ChenMr. Han Jia-HwanMr. Ting Yu-ShanMr. Hsia, Li-YanMr. Kao Koong-Lian EXECUTIVE COMMITTEE Mr. James Chun-Hsien Wei(Chairman)Mr. Han Chia-YinMr. Lan Yung HsuMr. Jonathan Fang-Tsu Han COMPANY SECRETARY Ms. Cho Yi Ping LEGAL ADVISER Wong & Tang SolicitorsUnits 2001-2, 2012 & 231020/F & 23/F, CC Wu Building302-308 Hennessy RoadWanchai, Hong Kong 302-30820232001-2, 20122310 AUDITORS 108 KPMGPublic Interest Entity Auditor registered in accordance with theAccounting and Financial Reporting Council OrdinanceCertified Public Accountants8th Floor, Prince’s Building, 10 Chater RoadCentral, Hong Kong PRINCIPAL BANKERS 1 The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road Central, Central, Hong Kong REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350, Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350, Grand Cayman KY1-1108Cayman Islands PRINCIPAL OFFICE IN HONG KONG Suite 1806, Tower 1, The Gateway25 Canton Road, TsimshatsuiKowloon, Hong Kong 2511806 公司資料Corporate Information HEAD OFFICE IN THE PRC 6C4401100020 Room 401, 4th Floor,Office Tower C, Vanton Center,No.6A Chaowai Street,Chaoyang District,Beijing 100020, China CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Suntera (Cayman) LimitedRoyal Bank House – 3rd Floor,24 Shedden Road,P.O. Box 1586, Grand Cayman,KY1-1110, Cayman Islands Suntera (Cayman) LimitedRoyal Bank House – 3rd Floor,24 Shedden Road,P.O. Box 1586, Grand Cayman,KY1-1110, Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong http://www.dfa3999.com WEBSITEhttp://www.dfa3999.com 3999 STOCK CODE3999 INVESTOR RELATIONS +86-10-59047700+86-10-59070176investors@dachan.com.cn For enquiries relating to investor relations, please contact:Senior Manager of Investor RelationsTel: +86-10-59047700Fax: +86-10-59070176E-mail: investors@dachan.com.cn Dear Stakeholders, Thank you for your relentless support towards DaChan Food!With such trust from you, we are confident to navigate cyclesand advance through them steadily. For the first half of 2025, the extent of the complexity andseverity of the global and domestic economic environmentare out of our expectation. Internationally, with the continuousescalation of geopolitical conflicts, the extension of strategicrivalries among great powers to multiple areas as well as the riseof trade protectionism intensifying the trend of deglobalisation,the global economy entered the interval of persistently lowgrowth. Domestically, with the contradiction intertwinedby insufficient effective demand and overcapacity in someindustries and the mutual impact of the operation of enterprisesunder pressure and the weakened confidence of residentsin consumption, the progress of economic recovery facedmultiple challenges. Against this backdrop, China has frequentlyintroduced policies to ensure stable growth and promoteconsumption, which boosted the confidence of the market andprovided policy support for industry transformation. Focusing on the white feather broiler industry in China, thecontradiction of the imbalance between supply and demand wasparticularly prominent. In recent years, the pace of expansionof the production capacity on the supply side substantiallyexceeded the growth in demand, and the landscape ofoversupply intensified the homogeneous competition within theindustry, which have continuously squeezed the profitability ofeach element along the entire industrial chain and increased thepressure on enterprises to survive. 主席報告Chairman’s Statement In the face of critical environments intertwined with internaland external challenges, we firmly chose the strategic pathof business model transformation in return for long-termdevelopment momentum. We were consciously aware of thefact that: under the current circumstances where the foundationfor demand recovery was not robust enou