中国食品2025年中期报告

(Incorporated in Bermuda with limited liability)( 於百慕達註冊成立之有限公司 )Stock Code 股份代號：506 2025INTERIMREPORT中期報告 CORPORATE PROFILE China Foods Limited (“China Foods” or the “Company” and together with its subsidiaries,the“Group”),a subsidiary of COFCO Corporation(“COFCO”)and the only focusedbeverage platform of COFCO, is listed on the Main Board of The Stock Exchange of HongKong Limited (Stock Code: 506). The Company mainly manufactures, distributes, markets and sells the Coca-Cola seriesproducts at nineteen provincial-level administrative regions in the PRC through COFCOCoca-Cola Beverages Limited (“COFCO Coca-Cola”), a 65%-owned joint-venture with TheCoca-Cola Company. COFCO Coca-Cola offers twenty-five brands of products in ten majortypes of beverages which include sparkling drink, juice, water, milk drink, energy drink,tea, coffee, functional nutrition drink, sports drink and plant-based protein drink. 506 65%191025 CONTENTS CORPORATE INFORMATION MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE HIGHLIGHTS AND OTHER INFORMATION17-21 REPORT ON REVIEW OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS22-23 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income24 Condensed Consolidated Statement of Financial Position25-26 Condensed Consolidated Statement of Cash Flows28-29 Notes to the Condensed Consolidated Financial Statements30-44 CORPORATE INFORMATION DIRECTORS 20251 6 Chairman and Non-Executive DirectorMr. Qing Lijun(resigned as Manager Director andre-designated from Executive Director toNon-Executive Director on 6 January 2025) 20251 6 Executive Director and Managing DirectorMr. Zhan Zaizhong(appointed as Executive Director andManaging Director on 6 January 2025) 20258 2620258 30 Executive Director Mr. Shen Xinwen(resigned on 26 August 2025)Mr. Tang Qiang(appointed on 30 August 2025) 20258 26 Non-executive Directors Mr. Cao GaofengMr. Chen GangMr. Song Liang(appointed on 26 August 2025) Independent Non-executive DirectorsMr. Li Hung Kwan, AlfredMr. Mok Wai Bun, BenMs. Leung Ka Lai, Ada,SBS AUDIT COMMITTEE Mr. Li Hung Kwan, Alfred(Committee Chairman)Mr. Mok Wai Bun, BenMs. Leung Ka Lai, Ada,SBS REMUNERATION COMMITTEE Mr. Mok Wai Bun, Ben(Committee Chairman)Mr. Li Hung Kwan, AlfredMs. Leung Ka Lai, Ada,SBS NOMINATION COMMITTEE 20257 1 Mr. Qing Lijun(Committee Chairman)Mr. Li Hung Kwan, AlfredMr. Mok Wai Bun, BenMs. Leung Ka Lai, Ada,SBS(appointed as a member on 1 July 2025) ENVIRONMENTAL, SOCIAL ANDGOVERNANCE COMMITTEE 20258 3020258 26 Mr. Tang Qiang(Committee Chairman)(appointed as Committee Chairman on 30 August 2025)Mr. Shen Xinwen(resigned as Committee Chairmanand a member on 26 August 2025)Mr. Cao GaofengMr. Mok Wai Bun, Ben EXECUTIVE COMMITTEE 20251 620258 3020251 620258 26 Mr. Zhan Zaizhong(Committee Chairman)(appointed as Committee Chairman on 6 January 2025)Mr. Tang Qiang(appointed as a member on 30 August 2025)Mr. Qing Lijun(resigned as Committee Chairman anda member of Executive Committee on 6 January 2025)Mr. Shen Xinwen(resigned as a member on 26 August 2025) COMPANY SECRETARY Mr. Law Wing Hee SOLICITORS Conyers, Dill & Pearman Jingtian & Gongcheng LLPConyers, Dill & Pearman AUDITOR Baker Tilly Hong Kong LimitedCertified Public AccountantsRegistered Public Interest Entity AuditorLevel 8, K11 ATELIER King’s Road728 King’s Road, Quarry Bay, Hong Kong 728K11 ATELIER King’s Road 8 PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedChina CITIC Bank Corporation LimitedChina Construction Bank CorporationChina Merchants Bank Co. Ltd.CMB Wing Lung Bank Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda CORPORATE INFORMATION PRINCIPAL OFFICE IN HONG KONG 33/F., COFCO Tower262 Gloucester RoadCauseway BayHong Kong 26233 BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG 1617 TRICOR INVESTOR SERVICES LIMITED17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.chinafoodsltd.com COMPANY WEBSITE www.chinafoodsltd.com CURRENT STATUS 191025 ChinaFoods exclusive franchise to manufacture,market anddistribute products under the Coca-Cola series encompasses 19provincial-leveladministrative regions.The Company providesconsumers with 10 major types of beverages namely sparklingdrinks,juices,water,milk drinks,energy drinks,tea,coffee,functional nutrition drinks, sports drinks and plant-based proteindrinks under 25 brands. Inthe first half of this year,sales of the Company’s productsunder the Coca-Cola series have maintained at a growth trajectory,withmarket performance being notably impressive.Comparedto the overall market situation in Mainland China, the Companyhasnot only maintained stable increase in its sales volume,butalso significantly accelerated the growth in revenue.Thispositive trend has further solidified the Company’s market-leadingposition, demonstrating strong competitiveness and