优然牧业中期报告2025

China Youran Dairy Group Limited中國優然牧業集團有限公司 （於開曼群島註冊成立的有限公司） 股份代號: 9858 20216189858.HK 20256 30100151651623,35021,45220256302,081,580DHAA2A28547,0532410,000540,606202413.5% 24673943444547484978 20253282025328202532820253282025328 202532820253282025328 2025328202562720253282025627 20256272025627202532820256272025627 20256272025627 • 2025627202532820253282025627 89 Nexus WayCamana Bay, Grand CaymanKY1-9009, Cayman Islands 2025627202562720256272025627 110 169 9858 131 https://www.yourandairy.com/ Ogier Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand Cayman, KY1-9009Cayman Islands 1617 (i)(ii)(iii) 2024年中期2023年中期報告期間2024年中期2023年中期報告期間2024年中期2023年中期報告期間 0.5%20242.911.7%3.088.8%9.2%9.9% 20256120259 16 202410,0552.3%10,284 1.15 1. 2025630365 2025630171001320241231621,5680.3%2025630623,350333,69253.5%202463049.6%3.92024123152.3%1.2202563021,45210,52010,932 2,081,58020241,796,95015.8%12.9202412.62.4%13.1 AI(OPU-IVF)4,000 TPM5S2.4%12.0% 1166259623AI 20249.9%+ + 200 ++ 430,6889.7% +202563015547,053 2025 + +60.9% XPC TPMTPM 16 92%SOP 5.51 20256302410,000 (i) (ii)C 2024489,99510.3%540,606202413.5% 5311202563012029340(OPU-IVF)52,000500200100++ (i)OPU-ICSI/IVF124 (ii)2(SNPs)1(DHI) (iii)(ICSI)3XY (iv)7,000 20254(American National Association of Animal Breeders)41048100 40622 i.202563040011102131 ii.8 iii. SQFISO9001ISO22000ChinaGAPFAMI-QSISO17025CNASSQF EHSQ (QACP) 100% 819 202412.0% 3,305ESGESGESGESGESG CNASEHSQ TMR HPAI 20302050 2.4200 2024 2025CSA202410% i.+ ii.++ iii. iv. 202410,0552.3%10,284 20247,3207.9%7,89620241,761,33115.8%2,039,6703.8720244.167.0% 20242,73512.7%2,389(i)(ii) 20249,3283.8%9,681 20244,9464.2%5,152 1.91202412.0% 20242,2609.5%2,046 20242,12217.0%2,483 20242,1222,483 20242,8493,08628.3%30.0% 20242,3752,743202432.4%34.7% 2024474343202417.3%14.4% 20242,2712,233 202426542.2%153 20248319.1%34 20240.311 20243050.3%3043.0% 20243757.3%40220243.7%3.9% 20244827.6%62 202446314.8%395 2024404214 20246347.9%33 2024467247(i)(ii)(iii) i.EBITDA(i)(ii)(iii)(iv)(v)(vi)(vii) ii. EBITDA EBITDA 2,86920243,343 2,784(i)2,191ii845iii538649 20243,958(i)2,414(ii)1,037(iii)857342 19(i)17,666(ii)17,600 20242,199(i)9,670(ii)11,737 2025630 20256 30184.6%20241231185.2%0.6100% 20256 304342024123194920241231 20256 3036.26%60.59%61.44% 20256305% 2025630 2025630 1.2.3. i. ii.SOP iii.2025 iv. 84420247828.0% 2025822 (SRM) (i)(ii)(iii)(iv)SRM 20256 30XV(a)XV78(b)352(c) 20256 30336 1.L2.20256303,892,727,8333.800,000,000520,800,0001,320,800,0004.PAGAC Yogurt Holding II LimitedPAG II822,602,530PAG IIPAG Capital LimitedPAG Dairy I LPPAG Dairy I LPPAG Dairy GP I LimitedPAG Dairy I LPPAG Dairy GP I LimitedPAG II822,602,530PAG Capital LimitedPacific Alliance Group LimitedPacific Alliance Group LimitedPAGPAG34.67%PAG Capital LimitedPacific Alliance Group LimitedPAGPAG II822,602,5305.Meadowland Investment Limited Partnership 20256 30336 2025630 C.2.120253 28 C3 3.21 2410 202532820253282025627202562720256272025328202532820256272025627202562713.51B (1) youranir@yourandairy.com(www.yourandairy.com) 447720256 30343434 2410 34 • 2025822 2025630 2025630 2025630 2025630 2025630 1. 202161889 Nexus Way,Camana Bay, Grand Cayman KY1-9009, Cayman Islands169 2. 34 20256 301232026630122025630121220256301279 3. (i)(ii) 202563020241231 202511 21 4. 2025630 4. 4. 2025630 4. 4. 10% 5. 2025630 6. 7. 8. 9. 2025630 9. 15%[2021]102202240% 25% 10. 11. 20242025630 12. 20246 30 13. 167,669,0002024630414,477,000 255,331,000202463049,584,0004,883,000202463040,552,000 2025630 14. 762,741,000202030,239,0002021 202563038,442,0000.05%0.08% 15. 25 16. 2025630 16. 202563090 202563020241231 2025630 19. 20. 20256303.10%202412313.10% 2025630 22. 23. 17,666,115,00020246309,669,619,000 20256308,720 24. 25. 1 23 2025630 25. 2025630 25. 202563012.7%2024123112.9% 25. 2025630 25. 25. 2025630 25. 20256 30 26. 2025630 26. 26. (g) 27. 2025630 28. 29. 20256 3020258 22 19936600887