[中报]深粮B(200019):2023年半年度报告(英文版)

时间:2023年08月29日 06:16:09 中财网

原标题:深粮B:2023年半年度报告(英文版)

深圳市深粮控股股份有限公司 SHENZHENCEREALSHOLDINGSCO.,LTD. SEMI-ANNUALREPORT2023【August2023】
SectionI.ImportantNotice,ContentsandInterpretation
BoardofDirectors,theboardofsupervisors,alldirectors,supervisorsandseniorexecutivesofSHENZHENCEREALSHOLDINGSCO.,LTD.(hereinafterreferredtoastheCompany)hereby confirm that there are no any fictitious statements, misleading statements, orimportant omissions carried in this report, and shall take all responsibilities, individualand/orjoint,forthereality,accuracyandcompletionofthewholecontents.PrincipaloftheCompanyHuHaixiang,HeadofAccountingLuYuheandHeadofAccountingInstitution(AccountingSupervisors)WenJieyuherebyconfirmthattheFinancialReportofSemi-AnnualReport2023isauthentic,accurateandcomplete.
AllDirectorshaveattendedtheBoardMeetingfordeliberationofthisReport.Concerning the forward-looking statements with future planning involved in the annualreport,theydonotconstituteasubstantialcommitmentforinvestors.SecuritiesTimes,ChinaSecuritiesJournal,andtheCNINFOwebsite(www.cninfo.com.cn)arethemediaappointedbytheCompanyforinformationdisclosure.AllinformationoftheCompanydisclosedintheabovementionedmediashouldprevail.Investorsareadvisedtoexercisecautionofinvestmentrisks.
The Company has analyzed the risk factors that the Company may exist and itscountermeasuresinthereport.Investorsareadvisedtopayattentiontoread“ProspectforfuturedevelopmentoftheCompany”inthereportofSectionIIIDiscussionandAnalysisoftheOperation.
ThisreporthasbeenpreparedinChineseandEnglishversionrespectively.Intheeventofdifferenceininterpretationbetweenthetwoversions,Chinesereportshallprevail.TheCompanyhasnoplanofcashdividenddistributed,nocashbonusandcapitalizingofcommonreserveseithercarriedout.
Contents
SectionI.ImportantNotice,ContentsandInterpretation..........................................................................................................................2
SectionIICompanyProfileandMainFinancialIndexes..........................................................................................................................7
SectionIIIManagementDiscussionandAnalysis...................................................................................................................................11
SectionIVCorporateGovernance...........................................................................................................................................................27
SectionV.EnvironmentalandSocialResponsibility...............................................................................................................................28
SectionVI.ImportantEvents...................................................................................................................................................................30
SectionVII.ChangesinSharesandParticularsaboutShareholders.......................................................................................................35
SectionVIII.PreferredStock...................................................................................................................................................................39
SectionIX.CorporateBonds...................................................................................................................................................................40
SectionX.FinancialReport.....................................................................................................................................................................41
DocumentsAvailableforReference
1.Textoffinancialstatementwithsignatureandsealsoflegalperson,personinchargeofaccountingworksandpersoninchargeofaccountinginstitution;
2.Originalandofficialcopiesofalldocumentswhichhavebeendisclosedinthereportingperiod;3.Originalcopiesofsemi-annualreport2023withsignatureofthecompany’sprincipal.Interpretation

ItemsReferstoContents
SZCH/ListedCompany/theCompanyReferstoShenzhenCerealsHoldingsCo.,Ltd.
Shenshenbao/ShenbaoCompanyReferstoShenzhenShenbaoIndustrialCo.,Ltd.
SZCGReferstoShenzhenCerealsGroupCo.,Ltd
DoximiReferstoShenzhenShenliangDoximiBusinessCo.,Ltd.
ShenzhenFlour,FlourCompanyReferstoShenzhenFlourCo.,Ltd
ShenliangQualityInspectionReferstoShenliangQualityInspectionCo.,Ltd.
DongguanLogisticsReferstoDongguanShenliangLogisticsCo.,Ltd.
ShenbaoHuachengReferstoShenzhenShenbaoHuachengTechnologyCo.,Ltd.
HualianCompanyReferstoShenzhenHualianGrainandOilTradingCo.,Ltd.
ShenliangColdChainReferstoShenzhenShenliangColdChainLogisticsCo.,Ltd.
ShenliangPropertyReferstoShenzhenShenliangPropertyDevelopmentCo.,Ltd.
ShenliangBig,BigKitchenReferstoShenzhenShenliangBigKitchenFoodSupplyChainCo.,Ltd
PurchaseandSalesBranchReferstoGrainandOilPurchaseandSalesBranchofShenzhenCerealsGroup Co.,Ltd
DongguanOil&FoodReferstoDongguanShenliangOil&FoodTradeCo.,Ltd.
ShenliangColdTransportReferstoShenzhenShenliangColdTransportCo.,Ltd.
ShenshenbaoInvestmentReferstoShenzhenShenshenbaoInvestmentCo.,Ltd
ShenliangFoodReferstoShenzhenShenliangFoodCo.,Ltd.
ZhenpinMarketReferstoZhenpinMarketOperationTechnologyCo.,Ltd.
WuhanJiachengReferstoWuhanJiachengBiotechnologyCo.,Ltd
FoodMaterialsGroup/Food Group/FudeCapitalReferstoShenzhenAgricultureandFoodInvestmentHoldingGroupCo.,Ltd., formerly known as “Shenzhen Food Materials Group Co., Ltd”, “ShenzhenFoodGroupCo.,Ltd.”and“ShenzhenFudeStateCapital OperationCo.,Ltd”,istheControllingshareholderofthecompany.
AgriculturalProductsReferstoShenzhenAgriculturalProductsGroupCo.,Ltd
SIHCReferstoShenzhenInvestmentHoldingsCo.,Ltd.
ShenzhenSASACReferstoShenzhenMunicipalPeople’sGovernmentState-ownedAssets Supervision&AdministrationCommission
CSRCReferstoChinaSecuritiesRegulationCommission
SSEReferstoShenzhenStockExchange
ShuLunPanCPAsReferstoBDOChinaShuLunPanCertifiedPublicAccountantLLP
ArticleofAssociationReferstoArticleofAssociationofShenzhenCerealsHoldingsCo.,Ltd.
RMB/10thousandYuanReferstoCNY/tenthousandYuan
SectionIICompanyProfileandMainFinancialIndexes
I.Companyinformation

ShortformforshareSZCH,ShenliangBStockcode000019,200019
ListingstockexchangeShenzhenStockExchange  
Chinesenameofthe Company深圳市深粮控股股份有限公司  
Abbr.ofChinesenameof theCompany深粮控股  
Englishnameofthe Company(ifapplicable)SHENZHENCEREALSHOLDINGSCO.,LTD  
LegalRepresentativeHuXianghai  
II.Person/Waytocontact

 SecretaryoftheBoardRep.ofsecurityaffairs
NameChenXiaohuaChenKaiyue,LiuMuya
Contactadd.13/F,TowerA,WorldTradePlaza,No.9Fuhong Rd.,FutianDistrict,Shenzhen13/F,TowerA,WorldTradePlaza,No.9Fuhong Rd.,FutianDistrict,Shenzhen
Tel.0755-837786900755-83778690
Fax.0755-837783110755-83778311
E-mail[email protected][email protected],[email protected]
III.Informationdisclosureandpreparationplace

WebsiteoftheStockExchangewheretheannual reportoftheCompanyisdisclosedSecuritiesTimes;ChinaSecuritiesJournal
MediaandWebsitewheretheannualreportofthe CompanyisdisclosedJuchaoWebsite:www.cninfo.com.cn
PreparationplaceforannualreportOfficeoftheBoardofDirectors
IV.RegistrationchangesoftheCompany
III.Otherinformation
1.Companycontactinformation
Hastheregisteredaddress,officeaddress,postalcode,website,emailaddress,etc.ofthecompanychangedduringthereportingperiod?
□Applicable ?Notapplicable
The registered address, office address, postal code, website, and email address of the company remained
unchangedduringthereportingperiod.Pleaserefertothe2022annualreportfordetails.2.Informationdisclosureandlocation
Hastheinformationdisclosureandlocationchangedduringthereportingperiod?□Applicable?Notapplicable
Thewebsiteandmedianameandwebsiteofthestockexchangewherethecompanydiscloseditssemi-annualreport,andtheplaceofplacementofthecompany’ssemi-annualreportremainsunchangedduringthereportingperiod,asdetailedinthe2022annualreport.
3.Otherrelevantinformation
Isthereanychangeinotherrelevantinformationduringthereportingperiod?□Applicable ?Notapplicable
IV.Mainaccountingdataandfinancialindexes
IstheCompanyrequiredtoretrospectivelyadjustorrestateprioryear’saccountingdata?□Yes ?No

 Amountincurrent periodAmountinlast periodYear-on-year increase(+)/decrease(-)
Operationincome(RMB)2,831,996,801.824,338,044,528.35-34.72%
Netprofitattributabletoshareholdersofthelisted company(RMB)168,149,768.31237,527,782.93-29.21%
Netprofitattributabletoshareholdersofthelisted companyafterdeductingextraordinary gains/losses(RMB)159,103,953.25227,132,288.75-29.95%
Netcashflowsarisingfromoperatingactivities (RMB)83,503,352.21260,373,502.86-67.93%
Basicearningspershare(RMB/Share)0.14590.2061-29.21%
Dilutedearningspershare(RMB/Share)0.14590.2061-29.21%
WeightedaverageROE3.47%5.00%-1.53%
 Endingbalanceof currentperiodEndingbalanceof lastperiodYear-on-year increase(+)/decrease(-)
Totalassets(RMB)7,579,279,609.507,441,334,674.981.85%
Netassetsattributabletoshareholdersoflisted company(RMB)4,643,162,339.434,762,973,461.81-2.52%
V.DifferenceoftheaccountingdataunderaccountingrulesinandoutofChina1.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothIAS(InternationalAccountingStandards)andChineseGAAP(GenerallyAcceptedAccountingPrinciples)?Applicable □Notapplicable
Unit:RMB/CNY

 Netprofitattributabletoshareholdersofthe listedCompany Netassetsattributabletoshareholderoflisted Company 
 CurrentperiodLastperiodEndingamountOpeningamount
ChineseGAAP168,149,768.31237,527,782.934,643,162,339.434,762,973,461.81
ItemsandamountadjustedbyIAS    
Adjustmentforother payablefundofstock marketregulation  1,067,000.001,067,000.00
IAS168,149,768.31237,527,782.934,644,229,339.434,764,040,461.81
2.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothforeignaccountingrulesandChineseGAAP(GenerallyAcceptedAccountingPrinciples)
□Applicable?Notapplicable
TheCompanyhadnodifferenceofthenetprofitornetassetsdisclosedinfinancialreport,undereitherforeignaccountingrulesor
ChineseGAAP(GenerallyAcceptedAccountingPrinciples)inthereportingperiod.3.ExplanationondifferenceoftheaccountingdataunderaccountingrulesinandoutofChina□Applicable?Notapplicable
VI.Itemsandamountsofextraordinarygains/losses
?Applicable□Notapplicable
InRMB

ItemAmountNote
Gains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentof assets)1,587,775.37 
Governmentalgrantsreckonedintocurrentgains/losses(exceptforthosewithnormaloperationbusiness5,788,072.14 
concerned,andconformtothenationalpolicies®ulationsandarecontinuouslyenjoyedatafixedor quantitativebasisaccordingtocertainstandards)  
Profitandlossofassetsdelegationonothers’investmentormanagement3,107,648.76 
ExceptfortheeffectivehedgingoperationsrelatedtonormalbusinessoperationoftheCompany,the gains/lossesoffairvaluechangesfromholdingthetradablefinancialassetsandtradablefinancialliabilities, andtheinvestmentearningsobtainedfromdisposingthetradingfinancialasset,tradingfinancialliability andfinancialassetsavailableforsale174,961.34 
Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems143,428.04 
Less:Impactonincometax1,679,903.52 
Impactonminorityshareholders’equity(post-tax)76,167.07 
Total9,045,815.06--
Specificinformationonotheritemsofgains/lossesqualifiedthedefinitionofextraordinarygains/losses□Applicable ?Notapplicable
TheCompanydoesnothaveotheritemsofgains/lossesqualifiedthedefinitionofextraordinarygains/lossesInformationonthedefinitionofextraordinarygains/lossesthatlistedintheQ&AAnnouncementNo.1onInformationDisclosurefor
CompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryGains/Lossesastherecurringgains/losses.□Applicable ?Notapplicable
TheCompanydoesnothaveanyextraordinarygains/losseslistedundertheQ&AAnnouncementNo.1onInformationDisclosurefor
CompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryGains/Lossesdefinedasrecurringgains/losses.
SectionIIIManagementDiscussionandAnalysis
I.MainbusinessesoftheCompanyduringthereportingperiod
Main business of the Company includes the wholesale and retail business, food processing andmanufacturingbusiness,leasingandcommerceservicebusiness.
Thewholesaleandretailbusinessaremainlyrice,wheat,riceinthehusk,corn,sorghum,cookingoilandothervarietiesofgrainandoilaswellasthesalesoffinetea,beverageandcondiment.Duringthereportingperiod,thecompanyovercamemanyadversefactorssuchasdeclineinmarketdemandandfluctuationofgrainprice, tookmultiple measures to ensuresupply andstable supply,and continuedto optimize the products,
strengthenthebrandandexpandthemarket.Mainlysuppliedwheat,rice,corn,barley,sorghumandotherrawgraintocustomerssuchastheindustry'slargetraders,feedprocessingandflourprocessingenterprisesandsoon;mainly sold rice, flour, cooking oil, high-quality tea, beverages and other products to demand units and
communityresidents.
Foodprocessingandmanufacturingbusinessaremainlytheprocessingthetechnologyresearchinaspectofflour,rice,cookingoil,teaandnaturalplantextracts,beverageandcondimentsetc.Thecompany’sflourbrandsandproductsinclude“Jinchangman”,“Yingshanhong”and“Hongli”seriesbreadflour;“Clivia”and“Canna”

series tailored flour for cakes and steamed bun; “Sunflower” wheat flour for noodles and cookie flour;
“Tianlvxiang”wheatflourforbread,refinedflouranddumplingflouretc.;Riceproductsinclude“ShenliangDoximi”,“Guzhixiang”,“Gufengxianman”,“Runxiangliangpin”,“Hexiang”and“TaitaiFukou”etc.Cookingoil
productsincludebrandssuchas“ShenliangFuxi”,“ShenliangJinxi”and“Youtian”etc.Teabrandsmainlyinclude“JuFangYong”tea;“Yichong”freshextract,“Jindiao”instantteapowderandotherteadeep-processed
products,aswellas“Shenbao”chrysanthemumtea,lemontea,and“ChaMiXiangQi”andotherseriesofteadrinks.Condimentsaremainly“Sanjing”oystersauceandsauces.Severalbrandshaveformedproductseries,including “SZCH Yushuiqing” rice, noodles, oil, and coarse cereals series, “Jiaxi” rice & noodles series,
“Jinchangman”noodles&oilseries,Black-facedSpoonbilltea,rice,oil,drinkingwater,non-staplefoodandcondimentseries,etc.,andthelaunchofYueqiuteawinecontinuestoenrichtheproductstructure.Theleasingandbusinessservicereferstoprovidingtheprofessionalimport&exporttrade,warehousing&storage, logistic & distribution, quality inspection & information technology services, property leasing and
management,businessoperationmanagementservicesforallkindsofclientsintheupstreamanddownstreamoftheindustrialchain,byusingtheadvantageofbrandreputation,operationservicecapacityandfacilitytechnology
thataccumulatedinfieldofgrainandoilmarket.Dongguansmartgainlogisticscomplexisacomprehensivegraindistributionservicebodyintegratingfivemajorfunctions:grain&oilterminal,transitreserve,testing&distribution, processing & production and market trading; Shenliang Quality Inspection was awarded as
“Guangdong Shenzhen National Grain Quality Monitoring Station”. the subsidiary Shenliang Cold Chain
providescoldchainoffoodstorageanddistributionservicestothecustomers,andShenliangPropertyisaprofessionalassetsmanagementplatformenterprise.
II.CoreCompetitivenessAnalysis
The company enhances the endogenous power by deepening reform, strengthens the “extensive”development by innovation cooperation, and continuously upgrades and transforms the governance pattern,
development quality, and guarantee ability, and has embarked on a path of sustainable and high-quality
developmentthroughself-innovation,andbecomeahighlycompetitive,innovativeandinfluentialbackbonegrainenterpriseinthedomesticgrainindustry.
1.Operationmechanism
Thecoremanagementteamofthecompanyhasrichexperience,andhasastrongstrategicvisionandpragmatic spirit. Combined with the actual development of the Company, formulated a set of effective
mechanismstopromotethequalityandefficiencyofbusinessdevelopment.Thecompanyvigorouslypromotestheinnovationandtransformationofbusinessmodels,andactivelypromotesthetransitionfrom“trade-orientedenterprises” to “service-oriented enterprises”, and from “operational management and control” to “strategic
managementandcontrol”.Inbusinesscontrol,throughtheowninformationmanagementsystem,realizesaseamlesslinkbetweenthe“operation”and“planning,capital,qualityinspection,inventory,riskcontrolanddiscipline”,buildingastrict“six-in-one”systemofcontrollingtoeffectivelyreducetheoperationalriskswhile
fullyparticipatinginthemarketcompetition,andachievingadeepintegrationof“ensuringgrainsecurity”and“promoting development”. Through deeply promotes the strategy of “talent strengthening the enterprises”,
continuouslyinnovativetalenttrainingmechanismtocreatesahigh-qualitytalentsupplychain,thecompanyhasestablishedanopentalentteamtomeetthelong-termdevelopmentofenterprisesandreserveintelligencefortheenterpriseupgradinganddevelopment.ThecompanyhasinnovatedandimplementedtheEVAperformanceappraisal mechanism and established a result-oriented incentive and restraint assessment mechanism which
effectivelybuilttheperformancecultureandstimulatedtheviabilitywithintheenterprise.Thecompanyinsistson
cultivatingandadvocatingthecorporateculturewith“people-oriented,performancefirst,excellentquality,and
harmony”asthecorevalues,combinesthepersonaldevelopmentgoalsofemployeeswiththecorporatevision,andenhancesthecohesivenessandcentripetalforceoftheenterprise.2.Businessmodel
Thecompanydeeplyengagesinsegmentingthetargetmarket,providesdiversifiedproductsupplyservicesforcustomersindifferentareasoftheindustrychain,establishesamulti-levelproductsupplynetworkcoveringonlineandoffline,andrealizes thetransformationofproductsupply to“remoteness, intelligentization,and
self-service”.Intermsofgrainandoiltradingservices,thebulkcommoditytradingplatformwww.zglsjy.com.cncreatedbyitssubsidiaryHualianCompanyefficientlyintegratesbusinessflow,logistics,andinformationflow,improvescirculationefficiency,andprovidesspotlistings,one-waybidding,basisprice,financing,logistics,
qualityinspection,informationandotherservicesforinternalbusinessunits,suppliersandcustomers.Intermsof
e-commerce,SZCHDoximiactivelypromotesthedevelopmentofnewgrainretailformatssuchas“Internet+Grain”and“CommunityAutomaticGrainSalesStations”,andhasopenedchannelsone-commerceplatformssuchasTmallandJingdongMallsoastopromotethedeepintegrationofonlineandofflinee-commerceplatforms.Intermsofgroupmealsupply,itssubsidiarySZCHBeigehasestablishedaone-stopdistributionserviceplatformservinglargeendcustomers,providinghigh-qualityandsafesmartgroupmealfoodservicesforgroupuserssuchasenterprises,schools,andgovernmentinstitutions.Intermsofcomprehensiveteadrinkingservices, its subsidiary Shenbao Investment has launched a micro-complex “Cha Mi Xiang Qi” with acombinationof“lightdrinks”,“lightfood”and“lightretail”functions.3.Informationtechnology
Thecompanyattachesgreatimportancetothetransformationandupgradingoftraditionalindustrieswithmodern technological means, and actively introduces new-generation information technologies such as the
InternetofThings,cloudcomputing,bigdata,andmobileInternetintograinmanagement,forminganinformationsystemthatcancovertheentireindustrialchainofthegrainindustry,andpromotingthe“Internet+Grain”industrydevelopment.Thecompany’sinformatizationconstructioncapabilityisattheleadinglevelinthegrainreservesindustry,takingtheleadinbuildingthewarehousemanagementof“standardization,mechanization,informatization, and harmlessness” in the industry, the self-developed “Grain Logistics Information System
(SZCGGLS)”hasbuiltaframeworkfortheconstructionofgraininformatizationwork,innovatedthegrainmanagementmodel,ledthedevelopmentdirectionofthegrainindustry,andbecameabenchmarkforthenationalgrainindustry.Theprojectwasawardedthe“NationalIoTMajorApplicationDemonstrationProject”bytheNationalDevelopmentandReformCommissionandtheMinistryofFinance.Thecompanyhasundertakenanumberofnational-levelresearchprojects,theresultsofanumberofinformatizationprojectshavewonnational,provincialandmunicipalawards,anddozensofinformationsystemshavebeendevelopedandareoperatingnormally.
4.R&Dcapabilities
Thecompanyhasstrongresearchanddevelopmentcapabilitiesinthefieldoffoodandbeverage,andgathersleadingtechnologicaladvantagesandequipmentsystems.ThesubsidiaryShenbaoHuachengownstheJiangxiprovincialenterprisetechnologycenter,Shenzhenmunicipalresearchanddevelopmentcenter(technologycenter)
andShenzhenplantdeepprocessingtechnologyengineeringlaboratoryandhaveobtainednationalhigh-techenterprisecertification.Andalsoownsoverfiftypatentedtechnologiesforteapowder,teaconcentratedjuiceand
plantextractionindependentlyresearchedanddeveloped,publishedmorethanthirtyofscientificpapers,andwonanumberofawardssuchasScienceandTechnologyProgressAwardoftheMinistryofAgriculture,ShennongChineseAgriculturalScience&TechnologyAwardoftheChinesSocietyofAgriculture,Science&TechnologyAchievementAwardofChineseAcademyofAgriculturalSciences,ScienceandTechnologyAwardofChinaNationalLightIndustryCouncil,ZhejiangScienceandTechnologyAward,JiangxiScienceandTechnologyProgressAwardandShenzhenScience&TechnologyProgressAward,etc.,presidedoverorparticipatedinthepreparationofanationalstandards“GBT21733-2008TeaBeverages”andtwoindustrystandards,i.e.“TeaLightIndustryStandardQB-T4067-2010”.WuhanJiachengCompanyisanational-levelhigh-techenterprise,asupportingunitofHubeiFoodFermentationEngineeringTechnologyResearchCenter,akeybackboneenterpriseinthenationalbiologicalfermentationindustry,aunitundertakingnationalagriculturaltransferfunds,innovation
funds, and major key projects, and has participated in drafting a number of national standards, industry
developmentplansandrelatedpolicies,andhaspublisheddozensofpapers,monographs,andhasanumberofnationalpatentsforinvention.
5.Qualitycontrol
The company implements grain and oil quality standards thatare higher thannationalstandards.Thesubordinate Shenliang Quality Inspection has the leading grain and oil quality inspection technology and
equipmentinthedomesticgrainindustry,andisincludedinthenationalgrainqualitysupervisionandinspectionsystem.Itwasawardedthe“GuangdongShenzhenNationalGrainQualityMonitoringStation”bytheStateAdministration of Grain and obtained the assessment certificate of agricultural product quality and safety
inspectionagency(CATL)andthequalificationcertificateofinspectionagency(CMA)etc,andpassedthecertificationof950testingcapabilityitems.ShenliangQualityInspectionlistspesticideresidues,heavymetal
pollutants,fungaltoxinsandotherhygieneindicatorsaswellasfoodtasteindicatorsinthedailyinspectionindicators.Ithastheabilitytodetectfourtypesofindicatorsofgenericquality,storagequality,foodsecurity&
qualityandotherfourtypesofindicatorsoftestingcapacity.Thedetectioncapabilitycanmeettherelevantquality
detectionrequirementsofgrainandoilproducts,andcanaccuratelyanalyzethenutritionalcompositionandhygienicindicatorsofthegrainanddetermineitsstorageandediblequality.Ithascreatedthe“digitallaboratory”

inthegrainindustry,real-timemonitoringoftheentireprocessofcuttings,testing,distribution,etc.,relyingon
collaborativeplatformstosave,retrieve,integrate,analyzeandsharegrainandoiltestingdatatoachieve100%coverage of grain & oil product inspection. Has the internationally recognized quality control system. Its
subsidiaryShenbaoHuachengCompanyhasestablishedaqualitycontrolsystemrecognizedbylargeinternationalfood and beverage companies, and has successfully passed the quality certification of global suppliers of
Coca-Cola,Lipton,Kraft,Suntory,andNestlé.SubsidiaryWuhanJiachengCompany’sseriesofproductshavepassedthecertificationofEuropeanOrganicProducts(EOP),USNationalOrganicProgramandotherrelevantsystemcertification,andalsoobtainedtheproductregistrationcertificateofRussianredcurrantandspecialregistrationcertificateofUSFDAproductsforimport,etc.
6.Brandeffect
Thecompanywasawardedthe“Top500ServiceEnterprisesinChina”,“China’sMostInfluentialGrain&OilGroup”,“ChinaTopTenGrainandOilGroups”,“ChinaTop100GrainandOilEnterprises”,“NationalLeadingEnterpriseSupportingGrainandOilIndustrialization”,“NationalQualityBenchmark”and“Top10Food
DigitalTechnologyApplications”.Ithasbeenselectedasoneofthe“FirstBatchofNationalEmergencyFoodSecurityEnterprises”,“Top100AgriculturalIndustrializedHeadEnterprisesinChina”,“Top10HeadEnterprise
in theGrainIndustry”and“TheNationalDemonstrationEnterprise ofAssuredGain &OilDemonstrationProject”,etc..Itisthe“RiceBag”trustedbythepublic.Strengthenbrandleadership,activelyexploreandofhigh-qualitygrainandoilproductscenteredonChinaGoodGrainandOil,ShenzhenWell-knownBrands,andShenzhenProducts.Thecompanyownswell-knownbrandsandplatforms,suchas“ShenzhenFlour”,“SZCHDuoxi”, “SZCH Yushuiqing”, “Big Kitchen”, “Shenbao Teabank”, “Ju Fang Yong”, “Cha Mi Xiang Qi”,
“Sanjing”,“www.zglsjy.com.com”,and“doximi.com”,andgraduallybuildanindustrialsystemwithcomplete
“rice”+“tea”elements.
IV.Mainbusinessanalysis
Overview
th
2023isthefirstyeartofullyimplementthespiritofthe20 NationalCongressoftheCPC.Inthefaceofcomplexdomesticandinternationalsituations,thecompanycloselyfocusedonthestrategicgoalof“becomingasmartgrain,oilandfoodsupplychainqualityserviceprovider”,adheredtothegeneraltoneofseekingprogresswhilemaintainingstability,firmlygraspedtheprimarytaskofhigh-qualitydevelopment,gatheredstrengthtostrengthen the coordination of “production, purchase, storage and marketing” of grain, did a solid job in
infrastructureconstruction,improvedtheconstructionofsystemsandmechanisms,betterbalanceddevelopmentandsafety,focusedonmakingupdeficiencies,strengtheningweaklinks,consolidatingfoundationandgivingfullplaytoadvantages,andeffectivelyenhancestheabilitytoensurethesafetyofthegrainindustrialchainandsupplychain.Inthefirsthalfof2023,thedemandofthegrainandoilmarketcontinuedtodecline,andtheglobalpricesofbulkwheat,corn,greaseandoildroppedsignificantly.Thesalesandgrossprofitsofwheatandotherrawgrainofthecompanydecreased,togetherwiththerotationofhigh-pricecrudeoilinstock,weakflourmarketdemandandimportquotawheatprofitslowdown,thecompanyachievedoperatingrevenueof2.832billionyuaninthefirsthalfoftheyear,withtheyear-on-yeardecreaseof34.72%;thetotalprofitwas214millionyuan,withtheyear-on-yeardecreaseof11.31%;thenetprofitattributabletoshareholdersoflistedcompanieswas168millionyuan,withtheyear-on-yeardecreaseof29.21%.
1.Progressofkeyprojects
Atthebeginningoftheyear,theNortheastGrainSourceBasecompletedthedryingandwarehousingofmorethan30,000tonsofnewgrainpurchasedintheautumnoflastyear,andinspectednearly1,000carloads,allofwhichmetthequalitystandardsofnationalgrainreserves;upgradedandoptimizedriceprocessingcapacitytomeettheprocessingneedsofmultiplevarieties,andcompletedtheproductiontaskof11,000tons.TheA2andA3plotprojectsofDongguangrainlogisticsnodecompletedthemainstructurecapping,whichisexpectedtobecompletedinthesecondhalfofthisyear,andtheNo.3berthprojectisbeingaccelerated;toadapttothedevelopmenttrendoflargerships,No.1andNo.2berthsimplementedberthingwithlessload,andthetypeofberthingshipshasbeenupgradedfrom10,000tonsto20,000tons.AsoftheendofJune,437shipshavebeenloadedandunloadedatthedock,including11shipsabove10,000tons,withthemaximumdeadweightofasingleship16,800tons,andthethroughputofthedockhasreached1.062milliontons.2.Sustainedinnovationanddevelopment
Guidedbybuildingaworld-classenterprise,thecompanyfocusedontacklingkeycoretechnologiesandpromotedtheapplicationofinnovativeachievements;onthebasisoftheexistingsystemdataandapplicationsystem,graduallypromotedtheestablishmentofstandardandunifieddatabase,constructeddatasubjectdomain,andrealizedthedataacquisition,cleaningandmanagementofthebusinesssystem;Organizetheapplicationof2023innovationsupportprojectsandtechnicaltransformationsupportprojects;twoinventionpatentsof“Agrain
samplingmanagementmethod,systemandserver”and“Positioningmethod,device,storagemediumandterminalequipmentbasedonvideoinformation”havebeenauthorizedbynationalpatentannouncement;workedwithHenanUniversityofTechnologyandrelatedinstitutionstocarryouttheprojectof“KeyInformationTechnologyandApplicationofGrainReserveSecurity”project;promotedtheestablishmentofqualitycontrolsystemandproductionprocessstudyofredyeastrice.
“SZCG”wonthehonorarytitleofShenzhenFamousBrand(2023-2025);BigKitchenwonthetitleofth
“Shenzhen Key Agricultural Leading Enterprise” and “the 11 Batch of National Assured Grain and Oil
Demonstration Processing Enterprise”; Shenbao Huacheng was awarded “2023 Shenzhen SRDI Small andMedium-sizedEnterprise”,“2022InnovativeSmallandMedium-sizedEnterprise”,anditsGuangdongTeaDeepProcessingEngineeringTechnologyResearchCenterwascertifiedthe2022GuangdongEngineeringTechnologyResearchCenterbytheDepartmentofScienceandTechnologyofGuangdongProvince.FreshextractLR607162andinstantblackteapowderHCP63408wonthefirstandsecondprizesofJiangxiProvince2022ExcellentNewProducts respectively; Wuhan Jiacheng was certified as a state-level small and medium-sized science and
technology enterprise, and won the prize subsidy of Wuhan High-tech Enterprise. The workshop technical
transformationprojectofitsfunctionalredyeastriceproject(TraditionalChinesemedicinedecoctionpieceproductionline)hasbeensuccessfullycompleted,andtheGMPworkshopcertificationapplicationisunderway.3.Otherkeyworks
(1) Thepurchasingandmarketingcompanywithstoodthepressureofstoragecapacitypositions,overcamethedifficulty of rotation, and well completed the rice reserve service. After the flour production line of
DongguanOil&Foodisofficiallyputintooperation,thefloursmallpackagingproductioncapacityofSZCGhasbeengreatlyimproved.ShenliangColdTransportwalksoutoftheBayAreainvirtueof“freshcloudwarehouse+packagedelivery”,andthe“overnightdelivery”hascoveredmultipleprovinces.Doximicontinuedtodeepencooperation,strengthenedsupportmarket,andintroducedanumberofsupportproducts;activelyparticipatedinlargeenterprisesandemployeewelfareinternalpurchaseplatform,withsignificantgrowthinTmallstoremembersales.The“Zhenpin”marketizationprojectisprogressingsteadily,thesmartZhenpinsupplychainmanagementserviceplatformhasenteredtrialoperation,builtalargescreenofdatamanagement,andthemarketizationordertransactionshaveexpandedrapidly;theproductlibraryofBigCompanypreparedfood,ShenbaoHuachenginstantteaconcentrate,freshextract,ShenbaoInvestmentteagift,ShenbaoSanjingFOOD&BEVERAGEoystersaucecontinuestoenrich.(2) Adheredtoscienceandtechnologyfirst,implementthestrategyof“grainstorageintechnology”,activelyapplied grain storage bytechnology and green grain storage, vigorously promoted the construction ofautomatedstoragefacilitiessuchasquasi-lowtemperaturestorageandcentralizedtemperaturecontrolledgrainstoragesystem,reducedlossesandconsumption,andrealizedthehigh-qualitydevelopmentfrom“safegrainstorage”to“greenstorage”.
(3) ParticipatedintheformulationofnationalstandardWheatandindustrystandardsGrainStorage:TechnicalSpecificationforRiceStorageandGrainandOilsInspection:DeterminationofWaterSoakingCrackedKernelsofRice;proposessuggestionsfortherevisionofprovincialandmunicipalreservesystems,manyofwhichhavebeenadopted.
(4) Startedcompanyinstitutionaldocumentsortingandcompilation,strengthenedtheabolishment,modification,
formulationandinterpretationofsystemsofgrainreserve,finance,capital,investment,propertyrights,engineering,internalcontrol,quality,safetyandpersonnel,wovenanall-round“net”forthesystems,furtheroptimizedcorporategovernancestructureandregulatedoperationofthecompany.(5) Strictlyimplementedthetransmissionmechanismof“threemanagementandthreemust”and“Partyandadministrationco-responsibilitysystem,onepostwithtworesponsibilities,accountabilityforderelictionofduty”, emphasized individual responsibility, highlighted personal duties, consolidated own work safety
positions,andstrengthenedsafetyredlineawarenessandbottomlinethinking.Year-on-yearchangesinmajorfinancialdata
InRMB

 Amountincurrent periodAmountinlast periodYear-on-year increase(+)/decrease(-)Reason
Operationincome2,831,996,801.824,338,044,528.35-34.72%Mainlyduetoweakdemandinthe grainandoilmarketanddownward tradesalesofgrainandoil
Operationcost2,357,438,707.573,775,825,625.81-37.56%Mainlyduetoweakdemandinthe grainandoilmarket,downward traderevenueofgrainandoil,anda correspondingdecreaseinsales costs
Salesexpense81,081,244.0879,331,081.692.21% 
Administration expenses104,657,015.04125,631,541.74-16.70%Mainlyduetothedecreasein compensationexpensescalculated bythecompanybasedonoperating performance
Financialexpenses20,808,115.3428,009,628.45-25.71%Mainlyduetodecreaseinloan interest
Incometaxexpense46,217,947.452,958,666.411,462.12%Mainlyduetotheincreasein incometaxexpensesconfirmed basedonfinalsettlementand paymentinthecurrentperiod
R&Dexpenses9,432,745.2410,137,177.77-6.95% 
Netcashflows arisingfrom operatingactivities83,503,352.21260,373,502.86-67.93%Mainlyduetoadecreaseinthenet inflowofadvancereceiptsfromthe company'sgrainandoiltrading
Netcashflows arisingfrom investingactivities-255,045,437.38-25,369,682.63-905.32%Mainlybecausethecompany’s expenditureonpurchasingwealth managementproductswithidle funds
Netcashflows arisingfrom financingactivities215,116,463.60-212,953,478.35201.02%Mainlyduetotheincreasein operatingloansinthecurrentperiod
Netincreaseofcash andcashequivalents47,016,660.4822,090,601.62112.84% 
Significantchangesinthecompositionorsourceofprofitsofthecompanyduringthereportingperiod□Applicable ?Notapplicable
Therehavebeennosignificantchangesinthecompositionorsourceofprofitsofthecompanyduringthereportingperiod.
Compositionofoperationrevenue
InRMB

 Amountincurrentperiod Amountinlastperiod Year-on-y ear increase(+
 AmountRatioinoperationAmountRatioinoperation 
  revenue revenue)/decrease (-)
Totaloperation revenue2,831,996,801.82100%4,338,044,528.35100%-34.72%
Byindustry     
Wholesaleandretail1,970,880,248.7269.59%3,409,189,664.6678.59%-42.19%
Leasingandbusiness services487,158,541.4117.20%470,365,451.0510.84%3.57%
Manufacturing373,958,011.6913.21%458,489,412.6410.57%-18.44%
Byproduct     
Grain&oiltrading andprocessing2,217,815,907.1478.31%3,754,406,530.7686.55%-40.93%
Grain&oilstorage logisticsandservices428,675,200.4415.14%439,642,478.4010.13%-2.49%
Food,beverageand teaprocessing125,895,974.094.45%113,272,546.542.61%11.14%
Leasingandothers59,609,720.152.10%30,722,972.650.71%94.02%
Byregion     
Domesticmarket2,814,438,937.1999.38%4,313,917,094.9899.44%-34.76%
Export17,557,864.630.62%24,127,433.370.56%-27.23%
Theindustries,products,regionsorsalesmodelaccountingforover10%oftheCompany’soperationrevenueoroperationprofit
?Applicable □Notapplicable
InRMB

 Operation revenueOperationcostGross profit ratioYear-on-year increase(+)/decrease (-) of operation revenueYear-on-year increase(+)/decrease (-)ofoperationcostYear-on-year increase(+)/decrease (-) of gross profit ratio
Byindustry      
Wholesale andretail1,970,880,248. 721,870,818,136.2 75.08%-42.19%-41.21%-1.57%
Byproduct      
Grain&oil tradingand processing2,217,815,907. 142,118,753,957.284.47%-40.93%-39.57%-2.15%
Byregion      
Domestic sales2,814,438,937. 192,344,160,503.2 716.71 %-34.76%-37.64%3.85%
Incaseofchangesinthestatisticalcaliberofprincipalbusinessdatainthereportingperiod,theCompanywillrefertotheprincipal(未完)
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