Financial Performance - Total revenue for the year reached RMB 2,090.3 million, representing a 17.7% increase compared to the same period in 2021[95]. - The group recorded a net profit of RMB 22.8 million for the fiscal year[113]. - The group's net profit for the year was RMB 22.8 million, a decrease from RMB 157.0 million in the previous year, primarily due to rising hay prices[125]. - The cash inflow from operating activities for the year was RMB 799.7 million, compared to RMB 720.1 million in the previous year[126]. - Gross profit for the year rose to RMB 521.7 million, an increase of 8.8% from RMB 479.3 million in 2021, while the gross profit margin decreased from 27.0% in 2021 to 25.0% in 2022[145]. - Other income and gains increased by 24.5% to RMB 91.0 million, primarily due to increased interest income and rental income from land leased for feed cultivation[145]. - Administrative expenses rose to RMB 135.1 million, a 16.3% increase from RMB 116.2 million in 2021, mainly due to higher wages and stock option expenses[146]. - Other expenses increased by approximately 44.7% to RMB 55.0 million, attributed to increased land rental costs and losses from the sale of assets[147]. Operational Highlights - The company aims to reduce the number of sick dairy cows and goats through improved disease prevention and management measures[3]. - The company has implemented a standardized milking procedure to ensure the quality and safety of milk produced[11]. - The company actively communicates with customers and suppliers to ensure the quality of raw milk products meets customer expectations[37]. - The company has established a product recall management procedure in compliance with national regulations[8]. - The company completed the acquisition of several assets, including goat farming facilities and land use rights for several farms, to expand its operations in the Chinese market[95]. - The company plans to continue focusing on high-quality raw milk production and strict quality control to meet the diverse demands of the market[99]. - The company aims to leverage its advantages in raw milk resources to develop specialty goat milk products and improve dairy cow quality[106]. Market Trends - The high-end raw milk market in China is expected to remain in short supply, with stable upward trends in milk prices anticipated[97]. - The overall economic recovery in China is expected to benefit the dairy industry, with significant growth opportunities for large-scale dairy enterprises[98]. - China's total milk production for 2022 was 39.32 million tons, reflecting a growth of 6.8%[94]. Employee and Management Information - The company provides a fair and safe working environment for employees, offering competitive compensation and development opportunities[25]. - The company has a gender ratio of 74.9% male employees and 25.1% female employees, which is considered reasonable[79]. - The group employed 2,241 staff as of December 31, 2022, an increase from 1,903 employees in 2021[159]. - The board of directors is composed of experienced individuals, including the chairman and CEO, with a commitment to re-election at the annual general meeting[42]. - The board's remuneration committee reviews the compensation of directors and senior management based on their responsibilities and the group's performance[185]. Strategic Initiatives - The company plans to explore new business opportunities to increase profit growth points while enhancing its core competitiveness in the dairy industry[106]. - The management team emphasized a commitment to enhancing shareholder value through strategic initiatives and operational efficiencies[191]. - The company is investing in R&D, allocating $H million towards developing sustainable farming practices and advanced dairy processing technologies[191]. - The company plans to implement new marketing strategies aimed at increasing brand awareness and customer engagement, projected to boost sales by I%[191]. Risk Management and Compliance - The board is committed to ensuring that the company's risk management policies effectively mitigate operational risks[23]. - The company strictly adheres to local safety production laws and regulations, including dairy quality safety supervision management regulations[8]. - There were no corruption complaints or lawsuits against the company or its employees during the year[16]. Shareholder Information - The company reported a total of 3,342,320,920 shares held by China Feihe Limited, representing 71.26% of the issued shares[52]. - The company has not disclosed any other entities or individuals holding 5% or more of the shares as of December 31, 2022, apart from those mentioned[53]. - The company has a stock option plan adopted on November 7, 2013, aimed at incentivizing selected participants for their contributions[55].

B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公 告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 YuanShengTai Dairy Farm Limited 原生態牧業有限公司 （於百慕達註冊成立的有限公司） （股份代號：1431） 截至二零二二年十二月三十一日止年度 的 年度業績公告 財務業績 原生態牧業有限公司（「本公司」或「原生態」）董事（「董事」）會（「董事會」）公佈本公司 及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度（「本年度」） 的經審核綜合年度業績連同截至二 零二一年十二月三十一日止年度的比較數字。 ...

Sales Performance - For the six months ended June 30, 2022, the total sales volume of raw milk increased from 179,824 tons in the same period of 2021 to 193,180 tons[17]. - Total fresh milk sales revenue for the period was RMB 1,009.0 million, representing a 20.5% increase compared to the first half of 2021[17]. - The total sales revenue of raw milk reached RMB 1,009.0 million, a 20.5% increase compared to RMB 837.4 million for the same period in 2021[32]. - Customer contract revenue for the six months ended June 30, 2022, was RMB 1,009,035 thousand, representing an increase of 20.5% compared to RMB 837,439 thousand for the same period in 2021[132]. - Sales of raw milk to related parties reached RMB 858,216,000 for the six months ended June 30, 2022, up from RMB 815,281,000 in the previous year[188]. Profitability - Gross profit for the period was RMB 272.1 million, an increase of 18.9% year-on-year[17]. - Net profit decreased by 46.3% to RMB 52.7 million, down from RMB 98.0 million in the same period last year[17]. - Gross profit increased to RMB 272.1 million, an 18.9% increase from RMB 229.0 million for the six months ended June 30, 2021[37]. - The company recorded a net profit of RMB 52,660 thousand for the six months ended June 30, 2022, down from RMB 98,032 thousand in the prior year, reflecting a decline of approximately 46.3%[108]. - The total comprehensive income for the period was RMB 50,239 thousand, down from RMB 97,935 thousand in the same period last year, a decrease of about 48.8%[108]. Costs and Expenses - The total sales cost for the period was RMB 736.9 million, with feed costs accounting for 72.5% of total sales costs[36]. - The cost of production and breeding reached RMB 533,997,000, representing a 22.4% increase from RMB 436,084,000 in the prior year[1]. - Administrative expenses increased by approximately 35.7% to RMB 67.6 million from RMB 49.8 million for the six months ended June 30, 2021, primarily due to higher wages and taxes[39]. - Employee benefits expenses amounted to RMB 73,346,000, up 41.8% from RMB 51,728,000 in the prior year[1]. Production and Capacity - As of June 30, 2022, the total number of dairy cows increased to 84,619 from 72,321 a year earlier, representing a growth of approximately 17.1%[25]. - The average annual milk production per cow was 10.9 tons, a 0.9% increase from 10.8 tons in the first half of 2021[24]. - The total number of mature lactating cows rose to 38,180 from 35,057, indicating a 6.0% increase[26]. - The total number of goats held as of June 30, 2022, was 6,669, including 5,064 lactating goats, indicating a stable inventory level[156]. Financial Position - As of June 30, 2022, the total non-current assets amounted to RMB 5,835,234 thousand, an increase of 13.8% from RMB 5,127,419 thousand as of December 31, 2021[112]. - The total liabilities increased to RMB 2,015,672 thousand as of June 30, 2022, compared to RMB 1,635,517 thousand as of December 31, 2021, indicating a rise of 23.3%[112]. - The total equity increased to RMB 5,108,837 thousand as of June 30, 2022, up from RMB 5,052,798 thousand as of December 31, 2021, reflecting a growth of 1.1%[112]. - Cash and cash equivalents at the end of the period were RMB 878,620 thousand, a decrease of 16.9% from RMB 1,057,615 thousand at the end of June 30, 2021[119]. Investments and Acquisitions - The group completed the acquisition of several assets, including goat breeding facilities and land use rights for farms, to expand its business in the rapidly growing goat milk powder market[65]. - The company acquired a business for RMB 135,883 thousand during the reporting period, marking a new strategic investment[119]. - The cash consideration for the acquisition amounted to RMB 135,883,000, resulting in a net cash outflow of RMB 135,958,000 when including transaction costs[184]. Corporate Governance - The board and management are committed to maintaining high standards of corporate governance, believing that transparency and responsible business conduct align with the long-term interests of the company and its shareholders[80]. - The company has adopted the corporate governance code and has complied with all relevant provisions during the reporting period[80]. - The audit committee, consisting of four independent non-executive directors, reviewed the unaudited condensed consolidated interim results for the period[85]. Market Outlook - The average per capita dairy product consumption in China was 38.3 kg in 2021, which is about one-third of the world average, indicating significant growth potential[11]. - The Chinese government aims to increase national milk production to approximately 41 million tons by 2025, which will benefit large-scale dairy farms[12]. - The Chinese dairy market is expected to experience a comprehensive boom, supported by government initiatives to enhance raw milk self-sufficiency[31]. Cash Flow - The net cash inflow from operating activities was RMB 668.8 million, compared to RMB 315.8 million for the six months ended June 30, 2021[46]. - The net cash flow from operating activities for the six months ended June 30, 2022, was RMB 668,805 thousand, a significant increase of 111.2% compared to RMB 315,778 thousand for the same period in 2021[119].

Financial Performance - In 2021, the total sales volume of raw milk increased by approximately 4.6% to 372,089 tons compared to 355,599 tons in 2020[9]. - Total revenue for the year reached RMB 1,776.5 million, representing a 14.3% increase from the previous year[9]. - The average selling price of raw milk during the year was approximately RMB 4,774 per ton, up about 9.2% year-on-year[9]. - The company reported a net profit of RMB 157.0 million, a decrease of approximately 73% compared to the previous year[9]. - The net profit for the year was RMB 157.0 million, a decrease of 72.8% compared to RMB 578.0 million in 2020[22]. - Gross profit increased to RMB 479.3 million, a 3.5% increase from RMB 463.3 million in the previous year, while the gross margin decreased from 29.8% to 27.0%[36]. - Other income and gains rose by 66.5% to RMB 73.1 million, up from RMB 43.9 million in the previous year, primarily due to increased government subsidies[39]. - The cash inflow from operating activities was RMB 720.1 million, compared to RMB 581.1 million in the previous year[47]. Production and Capacity - The average annual yield per cow increased by approximately 2.8% to 10.91 tons[9]. - The number of dairy cows increased by 14.7% to 79,566 as of December 31, 2021, up from 69,398 in the previous year[28]. - The average annual milk production per cow increased by 2.8% to 10.91 tons from 10.61 tons in 2020[25]. - The company plans to build two new farms in Heilongjiang Province to increase production capacity in response to rising demand for high-quality raw milk[22]. - The number of breeding cows increased from 35,128 to 36,290, ensuring a stable supply of high-quality raw milk[28]. Market Outlook - The outlook for 2022 predicts a continued shortage of raw milk, with stable upward trends in milk prices[13]. - The company plans to leverage its resource advantages to enrich its raw milk product offerings and strengthen its competitive position in the market[13]. - The total retail sales volume of dairy products in China is expected to grow from 31.1 million tons in 2020 to 33.3 million tons in 2021, with a compound annual growth rate of 5.7% projected until 2025[17]. Strategic Initiatives - The company aims to enhance product quality and operational efficiency through digitalization and modernization of breeding practices[10]. - The company plans to explore new business opportunities to increase profit growth points, leveraging its technological advantages and resource endowments[32]. - The company has completed the acquisition of several assets, including goat breeding facilities and land use rights for farms, to expand its business in the rapidly growing goat milk powder market[89]. Corporate Governance - The company has a strong governance structure with independent directors overseeing key committees, including the remuneration and audit committees[110]. - The board of directors is responsible for overseeing the management and overall performance of the group, ensuring necessary financial and human resources support[124]. - The company is committed to maintaining high standards of corporate governance, adhering to the Hong Kong Stock Exchange's corporate governance code[122]. - The board has adopted a diversity policy to enhance the effectiveness of its governance and decision-making processes[139]. - The company emphasizes the importance of risk management and internal control systems, ensuring management fulfills its responsibilities[146]. Employee and Management - The group had 1,903 employees as of December 31, 2021, an increase from 1,552 employees in 2020[86]. - The management team includes individuals with over 30 years of experience in the dairy industry, ensuring operational expertise[111]. - The executive director and CEO has over 27 years of experience in the dairy farming industry[95]. - The financial director has 17 years of experience in the domestic raw milk industry[97]. Financial Policies and Shareholder Communication - The company has adopted a dividend policy that is subject to the board's discretion, considering future operations, profitability, and overall financial condition[186]. - The company adopted a shareholder communication policy on November 7, 2013, to ensure that both individual and institutional shareholders can access balanced and understandable information regarding financial performance and strategic objectives[199]. - Shareholders can make inquiries or request publicly available information at any time, enhancing communication between the company and its investors[199].

Dairy Farm Limit YuanShengTai Dairy Farm Limited 原 生 態 牧 業 有 限 公 司 (於百慕達註冊成立之有限公司) 股票代號 : 1431 2021 中期報告 目 錄 頁 次 | --- | --- | |-------|----------------------------------| | | | | 2 | 公司資料 | | 3 | 管理層討論與分析 | | 12 | 企業管治及其他資料 | | 16 | 中期簡明綜合財務資料審閱報告 | | 17 | 中期簡明綜合損益及其他全面收益表 | | 18 | 中期簡明綜合財務狀況表 | | 19 | 中期簡明綜合權益變動表 | | 20 | 中期簡明綜合現金流量表 | | | 中期簡明綜合財務資料附註 | 21 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------|------------------------- ...

Dairy Farm Limi YuanShengTai Dairy Farm Limited 原 生 態 牧 業 有 限 公 司 (於百慕達註冊成立之有限公司) 股票代號：1431 | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | 目 錄 41 環境、社會及管治報告 54 董事會報告 148 財務概要 2 公司資料 3 主席報告 5 管理層討論與分析 17 董事及高級管理層簡歷 23 企業管治報告 69 獨立核數師報告 76 綜合損益及其他全面收益表 77 綜合財務狀況表 78 綜合權益變動表 79 綜合現金流量表 81 綜合財務報表附註 公司資料 董事會 執行董事 趙洪亮先生（主席） 付文國先生（行政總裁） 陳祥慶先生（財務總監） 劉剛先生 非執行董事 冷友斌先生 劉華先生 蔡方良先生 獨立非執行董事 張月周先生 朱戰波先生 蒙靜宗先生（別名Owens Meng） 劉晉萍女士 聯席公司秘書 ...

Dairy Farm Lim YuanShengTai Dairy Farm Limited 原 生 態 牧 業 有 限 公 司 (於百慕達註冊成立之有限公司) 股票代號 : 1431 2020 | 中期報告 心 目 錄 頁 次 | --- | --- | |-------|-------------------------------------| | | | | | | | 2 | 公司資料 | | 3 | 管理層討論與分析 | | 12 | 企業管治及其他資料 | | 16 | 中期簡明綜合財務 資 料 審閱報告 | | 17 | 中期簡明綜合損益及其他全面收益表 | | 18 | 中期簡明綜合財務狀況表 | | 19 | 中期簡明綜合權益變動表 | | 20 | 中期簡明綜合現金流量表 | | | | 21 中期簡明綜合財務 資 料 附 註 公司資料 註冊辦事處 Clarendon House 2 Church Street 董事會 執行董事 趙洪亮先生（主席） | --- | --- | --- | |-------------------------|----------------------- ...

Oairy Farm Lini YuanShengTai Dairy Farm Limited 原 生 態 牧 業 有 限 公 司 (於百慕達註冊成立之有限公司) 股票代號：1431 2019 年報 目 錄 2 公司資料 3 主席報告 5 管理層討論與分析 16 董事及高級管理層簡歷 20 企業管治報告 38 環境、社會及管治報告 51 董事會報告 66 獨立核數師報告 72 綜合損益及其他全面收益表 73 綜合財務狀況表 74 綜合權益變動表 75 綜合現金流量表 77 綜合財務報表附註 136 財務概要 公司資料 公司資料 | --- | --- | |------------------------------------------------|---------------------------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Clarendon House | | 趙洪亮先生 （主席） | 2 Church Street | | 付文國先生 （行政總裁） | Hamilton HM 11, Bermuda | | 陳 ...

Dairy Farm Limits YuanShengTai Dairy Farm Limited 原 生 態 牧 業 有 限 公 司 (於百慕逵註冊成立之有限公司) 股票代號：1431 2019 中期報告 目 錄 頁 次 2 公司資料 3 管理層討論與分析 13 企業管治及其他資料 17 中期簡明綜合財務資料審閱報告 18 中期簡明綜合損益及其他全面收益表 19 中期簡明綜合財務狀況表 20 中期簡明綜合權益變動表 21 中期簡明綜合現金流量表 22 中期簡明綜合財務資料附註 公司資料 截至二零一九年九月十七日 公司資料 截至二零一九年九月十七日 | --- | --- | |-------------------------------|----------------------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Clarendon House | | 趙洪亮先生 （主席） | 2 Church Street | | 付文國先生 （行政總裁） | Hamilton HM 11 | | 陳祥慶先生 （財務總監） | Bermud ...

SONHI Dairy Farm Linin 在态ክ业 YuanShengTai Dairy Farm Limited 原 生 態 牧 業 有 限 公 司 (於百慕達註冊成立之有限公司) 股票代號 : 1431 201 0年報 目 錄 2 公司資料 3 主席報告 5 管理層討論與分析 13 董事及高級管理層簡歷 18 企業管治報告 36 環境、社會及管治報告 49 董事會報告 64 獨立核數師報告 71 綜合損益及其他全面收益表 72 綜合財務狀況表 73 綜合權益變動表 74 綜合現金流量表 76 綜合財務報表附註 140 財務概要 公司資料 公司資料 | --- | --- | |-------------------------------------------------|------------------------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Clarendon House | | 趙洪亮先生 （主席） | 2 Church Street | | 付文國先生 （行政總裁） 陳祥慶先生 （財務總監） | Hami ...