[年报]深粮B(200019):2023年年度报告（英文版）
原标题:深粮B:2023年年度报告（英文版） 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.Principal of the Company Wang Zhikai, Head of Accounting Lu Yuhe and Head ofAccounting Institution (Accounting Supervisor) Huang Xidi hereby confirm that theFinancialReportofAnnualReport2023isauthentic,accurateandcomplete.AllDirectorshaveattendedtheBoardMeetingfordeliberationofthisReport.Concerningtheforward-lookingstatementswithfutureplanninginvolvedintheannualreport,theydonotconstituteasubstantialcommitmentforinvestors.SecuritiesTimes,ChinaSecuritiesJournal，shanghaiSecuritiesJournalandJuchaoWebsite(www.cninfo.com.cn)arethemediaappointedbytheCompanyforinformationdisclosure.AllinformationoftheCompanydisclosedintheabovementionedmediashouldprevail.Investorsareadvisedtoexercisecautionofinvestmentrisks. The Company has analyzed the risk factors that the Company may exist and itscountermeasuresinthereport.Investorsareadvisedtopayattentiontoread“ProspectforfuturedevelopmentoftheCompany”inthereportofSectionIIIManagementDiscussionandAnalysis.ThisreporthasbeenpreparedinChineseandEnglishversionrespectively.Intheeventofdifferenceininterpretationbetweenthetwoversions,Chinesereportshallprevail.TheprofitdistributionplanthatwasdeliberatedandapprovedbytheBoardMeetingis:based on total share capital of 1,152,535,254, distributed cash bonus of 2.00 yuan (taxinclusive)forevery10shares,0sharebonusissued(taxinclusive)andnotransferofcapitalreserveintosharecapital. Content SectionI.ImportantNotice,ContentsandInterpretation............................................................................................2 SectionIICompanyProfileandMainFinancialIndexes............................................................................................6 SectionIIIManagementDiscussionandAnalysis.....................................................................................................11 SectionIVCorporateGovernance..............................................................................................................................29 SectionV.EnvironmentalandSocialResponsibility................................................................................................51 SectionVI.ImportantEvents.....................................................................................................................................53 SectionVII.ChangesinSharesandParticularsaboutShareholders.........................................................................82 SectionVIII.PreferredStock......................................................................................................................................89 SectionIX.CorporateBonds......................................................................................................................................90 SectionX.FinancialReport........................................................................................................................................91 DocumentsAvailableforReference 1.Textoffinancialstatementwithsignatureandsealsoflegalperson,personinchargeofaccountingworksandpersoninchargeofaccountinginstitution; 2.OriginalauditreportwithsealofaccountingfirmandsignatureandsealoftheCPA;3.OriginalandofficialcopiesofalldocumentswhichhavebeendisclosedonSecuritiesTimes,ChinaSecuritiesJournalandJuchaoWebsite(www.cninfo.com.cn)inthereportingperiod;4.Originalcopiesof2023AnnualReportwithsignatureofthelegalrepresentative.Interpretation
I.Companyinformation
CPAengagedbytheCompany
FinancialconsultantengagedbytheCompanyforperformingcontinuoussupervisiondutiesinreportingperiod□Applicable?Notapplicable VI.Mainaccountingdataandfinancialindexes Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot?Yes ?No InRMB
Company after deducting non- recurring gains and losses (RMB)
2022(hereinafterreferredtoas“InterpretationNo.16”). InterpretationNo.16stipulatesthat,forasingletransactionthatisnotabusinessmerger,doesnotaffectaccountingprofitsortaxable income(ordeductiblelosses)atthetimeoftransaction,andresultsinequaltaxabletemporarydifferencesanddeductibletemporary differencesduetotheinitialrecognitionofassetsandliabilities,thecorrespondingdeferredincometaxliabilitiesanddeferred incometaxassetsshallberecognizedseparatelyatthetimeoftransactioninaccordancewithrelevantprovisionssuchasEnterprise AccountingStandardNo.18-IncomeTax.Fortheabove-mentionedtransactionsthatoccurredbetweenthebeginningoftheearliest periodforthefirstimplementationoftheaboveregulationsinfinancialstatementpresentationandthedateofimplementationofthis interpretation,theenterpriseshalladjustthecumulativeimpacttothebeginningretainedearningsandotherrelatedfinancial statementitemsintheearliestperiodforfinancialstatementpresentationinaccordancewiththeaboveregulations.Theabove accountingtreatmentregulationswillbeimplementedfromJanuary1,2023.Iftheleasingliabilitiesandrightofuseassetsrecognizedbythecompanyforleasingbusiness,aswellastheestimatedliabilitiesand corresponding assets related to abandonment obligations, result in taxable temporary differences and deductible temporary differences,adjustmentsshallbemadeinaccordancewiththeprovisionsofInterpretationNo.16.TheimpactofimplementingtheaboveaccountingpoliciesontheconsolidatedbalancesheetasofDecember31,2023andthe consolidatedincomestatementfortheyear2023isasfollows: Theloweroneofnetprofitbeforeandafterdeductingthenon-recurringgains/lossesinthelastthreefiscalyearsisnegative,andthe auditreportoflastyearshowsthattheabilitytocontinueoperatingisuncertain□Yes ?No Theloweroneofnetprofitbeforeandafterdeductingthenon-recurringgains/lossesisnegative□Yes ?No VII.DifferenceoftheaccountingdataunderaccountingrulesinandoutofChina1.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothIAS(InternationalAccountingStandards)andChineseGAAP(GenerallyAcceptedAccountingPrinciples)?Applicable ?Notapplicable Thecompanyhasnodifferenceofthenetprofitandnetassetsdisclosedinfinancialreport.2.Differenceofthenetprofitandnetassetsdisclosedinfinancialreport,underbothforeignaccountingrulesandChineseGAAP(GenerallyAcceptedAccountingPrinciples) □Applicable?Notapplicable TheCompanyhasnoabovementionedconditionoccurredintheperiod VIII.Mainfinancialindexdisclosedbyquarter InRMB
disclosedintheCompany’squarterlyreportandsemi-annualreport?□Yes ?No IX.Itemsandamountsofnon-recurringgains/losses ?Applicable□Notapplicable InRMB
TheCompanydoesnothaveothergains/lossesitemsthatconformtothedefinitionofnon-recurringgains/lossesInformationonthedefinitionofnon-recurringgains/lossesthatlistedintheQ&AAnnouncementNo.1onInformationDisclosurefor CompaniesOfferingTheirSecuritiestothePublic---Non-recurringGains/LossesastheRecurringGains/Losses□Applicable ?Notapplicable TheCompanydoesnothaveanynon-recurringgains/losseslistedintheQ&AAnnouncementNo.1onInformationDisclosurefor CompaniesOfferingTheirSecuritiestothePublic---Non-recurringGains/LossesastheRecurringGains/Losses.SectionIIIManagementDiscussionandAnalysis I.IndustryoftheCompanyduringthereportingperiod (i)Basicinformationoftheindustry,developmentstage,cyclicalcharacteristics,andthecompany’spositionintheindustry Intheinternationalmarket,thepricesofmajorgrainvarietiesfellmonthbymonth,whilericepricesroseagainstthetrend.Since 2023,thestatusofimbalancedfoodsupplyhascontinuedtoimprove,andtheglobaltightsupplyanddemandpatternofmajor agriculturalproductshasgraduallyeased,withpricesofmajorgrainvarietiesfalling.However,themainriceexportingcountry, India,reducedriceproductionduetoweatherandotherreasons,andhasimplementedrestrictionsonriceexports,leadingtoarisein globalriceprices.Attheendof2023,thepricesofwheat,corn,andsoybeansontheChicagoBoardofTrade(CBOT)decreasedby 20.5%,30.6%,and14.9%year-on-year,respectively.ThepriceofricestartedtoriseinJuly2023andreacheditshighestlevelin recentyearsbytheendoftheyear. Attheendof2023,thepricesofriceinThailand,Vietnam,andPakistanincreasedby38.2%, 42.4%,and32.2%year-on-year,respectively.AccordingtodatareleasedbytheFoodandAgricultureOrganizationoftheUnited Nations(FAO)inJanuary2024,thefoodpriceindexfor2023was124points,adecreaseof19.7points(13.7%)fromtheaverageof thepreviousyear.Amongthem,thegrainpriceindexwas130.9points,reducing23.8pointsor15.4%fromthepreviousyear.The ricepriceindex increasedby21%comparedtothepreviousyear,reachinganew15yearhighsincetheglobalfinancialcrisisin 2008.Inaddition,thevegetableoilpriceindexwas126.3points,asignificantdecreaseof61.5pointsor32.7%fromtheprevious year,reachinganewlowinthreeyears. Inthedomesticmarket,therehasbeenanotherbumperharvestingrainproduction,withoverallpricesofgrainandoilfallingand importsofgrainandoilincreasinginquantityanddecreasinginprice.Firstly,variousregionsanddepartmentscontinuedtoincrease theirsupportforgrainproduction,effectivelyovercomingadversefactorssuchas“rottenrain”,severefloodsanddroughtsincertain areas,andachievinganewhistoricalhighingrainproductionthroughouttheyear.Secondly,domesticrawgrainandedible vegetableoilpricesfell.AccordingtomonitoringdatafromtheNationalGrainandOilInformationCenter,attheendof2023,the pricesofearlyindicariceandearlyrice(tertiary)inChinaincreasedby6.04%and6.51%year-on-year,respectively,whiletheprices ofwheatandcorndecreasedby15.23%and10.08%year-on-year,thewholesalepricesofrapeseedoil,soybeanoil,palmoil,and soybeanmealdecreasedby9.24%,5.04%,4.91%,and14.18%year-on-year,respectively.(Theabovecontentisfromthe“2023GrainandOilMarketReviewandFutureOutlook”releasedbytheGuangdongProvincial GrainandMaterialReserveBureau.) (ii)Thesignificantimpactofnewlyreleasedlaws,administrativeregulations,departmentalrules,andindustrypoliciesonthe industry InFebruary2023,theCentralCommitteeoftheCommunistPartyofChinaandtheStateCouncilissuedtheOpinionsoftheCentral CommitteeoftheCommunistPartyofChinaandtheStateCouncilontheKeyWorkofComprehensivelyPromotingRuralth Revitalizationin2023(hereinafterreferredtoas“theOpinions”),whichisthe20 No.1centraldocumentguidingtheworkof “agriculture,ruralareasandfarmers”sincethenewcentury.TheOpiniondeployedthekeyworkofcomprehensivelypromotingrural revitalization in2023, andemphasized theprimary positionof foodsecurity andstableproduction andsupplyofimportant agriculturalproducts.Inthefieldofensuringnationalfoodsecurity,theNo.1centraldocumentoftheCentralGovernmentin2023 continuedtogivetopprioritytograinproductionandthesupplyofimportantagriculturalproducts.Thedocumentclearlystatesthat itisnecessarytoensurethatthenationalgrainproductionremainsabove1.3trillionkilograms,andtomakeeveryefforttostabilize andexpandtheproductionofcropssuchassoybeansandoilseeds.Inordertoachievethisgoal,thedocumentproposesaseriesof specificmeasures,includingstrengtheningfarmlandprotectionandusecontrol,stabilizingandimprovingfoodproductioncapacity, andoptimizingagriculturalproductionstructureandregionallayout.TheFoodSecurityLawofthePeople’sRepublicofChinawaspromulgatedin2023.Thislawclarifiesthenationalfoodsecurity strategy,adherestotheprincipleofstoringgraininthelandandtechnology,improvesgrainproductioncapacity,andensuresbasic self-sufficiencyofgrainsandabsolutefoodsecurity.Besides,thelawalsostipulatestheresponsibilitysystemforfoodsecurity, strengthensmacroeconomicregulationoffood,optimizesthestructureandregionallayoutoffoodvarieties,andconstructsa scientific,reasonable,safeandefficientfoodsupplyguaranteesystem.Inaddition,theintroductionofrelevantregulationssuchas theMeasuresfortheSupervisionofGrainQualityandSafetyaimstostrengthenthesupervisionofgrainqualityandsafety,protect theenthusiasmofgrainproducers,andsafeguardthelegitimaterightsandinterestsofgrainoperatorsandconsumers. Insummary,thepolicydocumentsandlawsandregulationsonfoodissuedin2023reflectthecountry’shighattentiontofood securityandagriculturalproduction.Suchseriesofspecificpoliciesandmeasuresarepurposedforensuringstabilityandgrowthof foodproduction,andnationalfoodsecurity. II.MainbusinessesoftheCompanyduringthereportingperiod MainbusinessoftheCompanyincludesthewholesaleandretailbusiness,foodprocessingandmanufacturingbusiness,leasingand commerceservicebusiness. Thewholesaleandretailbusinessaremainlyrice,wheat,riceinthehusk,corn,sorghum,cookingoilandothervarietiesofgrainand oilaswellasthesalesoffinetea,beverageandcondiment.Duringthereportingperiod,thecompanyovercamemanyadversefactors suchasdeclineinmarketdemandandfluctuationofgrainprice,tookmultiplemeasurestoensuresupplyandstablesupply,and continuedtooptimizetheproducts,strengthenthebrandandexpandthemarket.Mainlysuppliedwheat,rice,corn,barley,sorghum andotherrawgraintocustomerssuchastheindustry'slargetraders,feedprocessingandflourprocessingenterprisesandsoon; mainlysoldrice,flour,cookingoil,high-qualitytea,beveragesandotherproductstodemandunitsandcommunityresidents. Foodprocessingandmanufacturingbusinessaremainlytheprocessingthetechnologyresearchinaspectofflour,rice,cookingoil, teaandnaturalplantextracts,beverageandcondimentsetc.Thecompany’sflourbrandsandproductsinclude“Jinchangman”, “Yingshanhong”and“Hongli”seriesbreadflour;“Clivia”and“Canna”seriestailoredflourforcakesandsteamedbun;“Sunflower” wheatflourfornoodlesandcookieflour;“Tianlvxiang”wheatflourforbread,refinedflouranddumplingflouretc.;Riceproducts include“ShenliangDoximi”,“Guzhixiang”,“Gufengxianman”,“Runxiangliangpin”,“Hexiang”and“TaitaiFukou”etc.Cookingoil productsincludebrandssuchas“ShenliangFuxi”,“ShenliangJinxi”and“Youtian”etc.Teabrandsmainlyinclude“JuFangYong” tea; “Yichong” fresh extract, “Jindiao” instant tea powder and other tea deep-processed products, as well as “Shenbao” chrysanthemumtea,lemontea,and“ChaMiXiangQi”andotherseriesofteadrinks.Condimentsaremainly“Sanjing”oystersauce andsauces.Severalbrandshaveformedproductseries,including“SZCHYushuiqing”rice,noodles,oil,andcoarsecerealsseries, “Jiaxi”rice&noodlesseries,“Jinchangman”noodles&oilseries,Black-facedSpoonbilltea,rice,oil,drinkingwater,non-staple foodandcondimentseries,etc.,andthelaunchofYueqiuteawinecontinuestoenrichtheproductstructure.“GrainDuoxi”rice,oil, miscellaneousgrains,mushroom,nutseries,etc;Thelaunchof“ZhenYueQiu”teawinecontinuedtoenrichtheproductstructure. Theleasingandbusinessservicereferstoprovidingtheprofessionalimport&exporttrade,warehousing&storage,logistic& distribution, quality inspection & information technology services, property leasing and management, business operation managementservicesforallkindsofclientsintheupstreamanddownstreamoftheindustrialchain,byusingtheadvantageofbrand reputation,operationservicecapacityandfacilitytechnologythataccumulatedinfieldofgrainandoilmarket.Dongguansmartgain logisticscomplexisacomprehensivegraindistributionservicebodyintegratingfivemajorfunctions:grain&oilterminal,transit reserve, testing & distribution, processing & production and market trading; Shenliang Quality Inspection was awarded as “GuangdongShenzhenNationalGrainQualityMonitoringStation”.ThesubsidiaryShenliangColdChainprovidescoldchainof foodstorageanddistributionservicestothecustomers,andShenliangPropertyisaprofessionalassetsmanagementplatform enterprise. III.CoreCompetitivenessAnalysis The company enhances theendogenous power bydeepening reform, strengthens the “extensive” development byinnovation cooperation,andcontinuouslyupgradesandtransformsthegovernancepattern,developmentquality,andguaranteeability,andhas embarked on apath of sustainableand high-qualitydevelopment through self-innovation,and become a highlycompetitive, innovativeandinfluentialbackbonegrainenterpriseinthedomesticgrainindustry.(1)Operationmechanism Thecoremanagementteamofthecompanyhasrichexperience,andhasastrongstrategicvisionandpragmaticspirit.Combined withtheactualdevelopmentoftheCompany,formulatedasetofeffectivemechanismstopromotethequalityandefficiencyof businessdevelopment.Thecompanyvigorouslypromotestheinnovationandtransformationofbusinessmodels,andactively promotesthetransitionfrom“trade-orientedenterprises”to“service-orientedenterprises”,andfrom“operationalmanagementand control”to“strategicmanagementandcontrol”.Inbusinesscontrol,throughtheowninformationmanagementsystem,realizesa seamlesslinkbetweenthe“operation”and“planning,capital,qualityinspection,inventory,riskcontrolanddiscipline”,buildinga strict“six-in-one”systemofcontrollingtoeffectivelyreducetheoperationalriskswhilefullyparticipatinginthemarketcompetition, andachievingadeepintegrationof“ensuringgrainsecurity”and“promotingdevelopment”.Throughdeeplypromotesthestrategy of“talentstrengtheningtheenterprises”,continuouslyinnovativetalenttrainingmechanismtocreatesahigh-qualitytalentsupply chain,thecompanyhasestablishedanopentalentteamtomeetthelong-termdevelopmentofenterprisesandreserveintelligencefor theenterpriseupgradinganddevelopment.ThecompanyhasinnovatedandimplementedtheEVAperformanceappraisalmechanism andestablishedaresult-orientedincentiveandrestraintassessmentmechanismwhicheffectivelybuilttheperformancecultureand stimulatedtheviabilitywithintheenterprise.Thecompanyinsistsoncultivatingandadvocatingthecorporateculturewith“people- oriented,performancefirst,excellentquality,andharmony”asthecorevalues,combinesthepersonaldevelopmentgoalsof employeeswiththecorporatevision,andenhancesthecohesivenessandcentripetalforceoftheenterprise.(2)Businessmodel Thecompanydeeplyengagesinsegmentingthetargetmarket,providesdiversifiedproductsupplyservicesforcustomersindifferent areas of the industry chain, establishes a multi-level product supply network covering online and offline, and realizes the transformationofproductsupplyto“remoteness,intelligentization,andself-service”.Intermsofgrainandoiltradingservices,the bulkcommoditytradingplatformwww.zglsjy.com.cncreatedbyitssubsidiaryHualianCompanyefficientlyintegratesbusinessflow, logistics,andinformationflow,improvescirculationefficiency,andprovidesspotlistings,one-waybidding,basisprice,financing, logistics,qualityinspection,informationandotherservicesforinternalbusinessunits,suppliersandcustomers.Intermsofe- commerce, SZCH Doximi actively promotes the development of new grain retail formats such as “Internet + Grain” and “CommunityAutomaticGrainSalesStations”,andhasopenedchannelsone-commerceplatformssuchasTmallandJingdongMall soastopromotethedeepintegrationofonlineandofflinee-commerceplatforms.Intermsofgroupmealsupply,itssubsidiary SZCHBeigehasestablishedaone-stopdistributionserviceplatformservinglargeendcustomers,providinghigh-qualityandsafe smartgroupmealfoodservicesforgroupuserssuchasenterprises,schools,andgovernmentinstitutions.Intermsofcomprehensive teadrinkingservices,itssubsidiaryShenbaoInvestmenthaslaunchedamicro-complex“ChaMiXiangQi”withacombinationof “lightdrinks”,“lightfood”and“lightretail”functions. (3)Informationtechnology Thecompanyattachesgreatimportancetothetransformationandupgradingoftraditionalindustrieswithmoderntechnological means,andactivelyintroducesnew-generationinformationtechnologiessuchastheInternetofThings,cloudcomputing,bigdata, andmobileInternetintograinmanagement,forminganinformationsystemthatcancovertheentireindustrialchainofthegrain industry,andpromotingthe“Internet+Grain”industrydevelopment.Thecompany’sinformatizationconstructioncapabilityisatthe mechanization,informatization,andharmlessness”intheindustry,theself-developed“GrainLogisticsInformationSystem(SZCG GLS)”hasbuiltaframeworkfortheconstructionofgraininformatizationwork,innovatedthegrainmanagementmodel,ledthe developmentdirectionofthegrainindustry,andbecameabenchmarkforthenationalgrainindustry.Theprojectwasawardedthe “NationalIoTMajorApplicationDemonstrationProject”bytheNationalDevelopmentandReformCommissionandtheMinistryof Finance.Thecompanyhasundertakenanumberofnational-levelresearchprojects,theresultsofanumberofinformatization projectshavewonnational,provincialandmunicipalawards,anddozensofinformationsystemshavebeendevelopedandare operatingnormally. (4)R&Dcapabilities Thecompanyhasstrongresearchanddevelopmentcapabilitiesinthefieldoffoodandbeverage,andgathersleadingtechnological advantagesandequipmentsystems.ThesubsidiaryShenbaoHuachengownstheJiangxiprovincialenterprisetechnologycenter, Shenzhenmunicipalresearchanddevelopmentcenter(technologycenter)andShenzhenplantdeepprocessingtechnology engineeringlaboratoryandhaveobtainednationalhigh-techenterprisecertification.Andalsoownsanumberofpatented technologiesforteapowder,teaconcentratedjuiceandplantextractionindependentlyresearchedanddeveloped,publisheddozensof scientificpapers,andwonanumberofawardssuchasScienceandTechnologyProgressAwardoftheMinistryofAgriculture, ShennongChineseAgriculturalScience&TechnologyAwardoftheChinesSocietyofAgriculture,Science&Technology AchievementAwardofChineseAcademyofAgriculturalSciences,ScienceandTechnologyAwardofChinaNationalLight IndustryCouncil,ZhejiangScienceandTechnologyAward,JiangxiScienceandTechnologyProgressAwardandShenzhenScience &TechnologyProgressAward,etc.,presidedoverorparticipatedinthepreparationofanationalstandards“GBT21733-2008Tea Beverages”andtwoindustrystandards,i.e.“TeaConcentratesforFoodIndustry-LightIndustryStandardQB-T4068-2010”and “InstantTeaforFoodIndustry-LightIndustryStandardQB-T4067-2010”.(5)Qualitycontrol Thecompanyimplementsgrainandoilqualitystandardsthatarehigherthannationalstandards.ThesubordinateShenliangQuality Inspectionhastheleadinggrainandoilqualityinspectiontechnologyandequipmentinthedomesticgrainindustry,andisincluded inthenationalgrainqualitysupervisionandinspectionsystem.Itwasawardedthe“GuangdongShenzhenNationalGrainQuality MonitoringStation”bytheStateAdministrationofGrainandobtainedtheassessmentcertificateofagriculturalproductqualityand safetyinspectionagency(CATL)andthequalificationcertificateofinspectionagency(CMA)etc,andpassedthecertificationofa numberoftestingcapabilityitems.ShenliangQualityInspectionlistspesticideresidues,heavymetalpollutants,fungaltoxinsand otherhygieneindicatorsaswellasfoodtasteindicatorsinthedailyinspectionindicators.Ithastheabilitytodetectfourtypesof indicatorsofgenericquality,storagequality,foodsecurity&qualityandotherfourtypesofindicatorsoftestingcapacity.The detectioncapabilitycanmeettherelevantqualitydetectionrequirementsofgrainandoilproducts,andcanaccuratelyanalyzethe nutritionalcompositionandhygienicindicatorsofthegrainanddetermineitsstorageandediblequality.Ithascreatedthe“digital laboratory”inthegrainindustry,real-timemonitoringoftheentireprocessofcuttings,testing,distribution,etc.,relyingon collaborativeplatformstosave,retrieve,integrate,analyzeandsharegrainandoiltestingdatatoachieve100%coverageofgrain& oilproductinspection.Hastheinternationallyrecognizedqualitycontrolsystem.ItssubsidiaryShenbaoHuachengCompanyhas establishedaqualitycontrolsystemrecognizedbylargeinternationalfoodandbeveragecompanies,andhassuccessfullypassedthe qualitycertificationofglobalsuppliersofCoca-Cola,Lipton,Kraft,Suntory,andNestlé.(6)Brandeffect Thecompanywasawardedthe“Top500ServiceEnterprisesinChina”,“China’sMostInfluentialGrain&OilGroup”,“ChinaTop TenGrainandOilGroups”,“ChinaTop100GrainandOilEnterprises”,“NationalLeadingEnterpriseSupportingGrainandOil Industrialization”,“NationalQualityBenchmark”and“Top10FoodDigitalTechnologyApplications”.Ithasbeenselectedasoneof the“FirstBatchofNationalEmergencyFoodSecurityEnterprises”,“Top100AgriculturalIndustrializedHeadEnterprisesinChina”, “Top10HeadEnterpriseintheGrainIndustry”and“TheNationalDemonstrationEnterpriseofAssuredGain&OilDemonstration brands,relyonqualitytowinrecognition,reputationandmarketshare,andformaseriesofhigh-qualitygrainandoilproducts centeredonChinaGoodGrainandOil,ShenzhenWell-knownBrands,andShenzhenProducts.Thecompanyownswell-known brandsandplatforms,suchas“ShenzhenFlour”,“SZCHDuoxi”,“SZCHYushuiqing”,“BigKitchen”,“ShenbaoTeabank”,“Ju FangYong”,“ChaMiXiangQi”,“Sanjing”,“www.zglsjy.com.com”,and“doximi.com”,andgraduallybuildanindustrialsystem withcomplete“rice”+“tea”elements. IV.Mainbusinessanalysis 1.Overview th 2023isapivotalyearbridgingthe“14 Five-YearPlan”.Thecompanyfacedcomplexdomesticandinternationalsituations.Witha strategicgoalcenteredaround“buildingasmartgrainandoilfoodsupplychainqualityserviceprovider,”thecompanyadheredto thegeneraltoneofsteadyprogressandpursuedhigh-qualitydevelopment.Itfocusedonstrengtheningthesynergyofthegrain "production-purchase-storage-processing-sales" chain, solidly advancing infrastructure construction, and improving institutional mechanismstobettercoordinatedevelopmentandsecurity.Effortswereconcentratedonaddressingweaknesses,enhancingstrengths, stabilizingfundamentals,andleveragingadvantages,effectivelyraisingthelevelofconstructioninthegrainindustrychainand supplychain.In2023,thecompanyachievedtotaloperatingincomeof6.19billionyuan,adecreaseof25.54%year-on-year;atotal profitof421millionyuan,adecreaseof10.52%year-on-year;andanetprofitattributabletoshareholdersofthelistedcompanyof 348millionyuan,adecreaseof17.34%year-on-year. (1)Mainbusinessdevelopment In2023,withtheongoingdownturninthegrainandoilmarketdemand,thecompanyfocusedonexploring“growthpoints”in profitability.Itenhancedproductqualityandoperationalefficiency,conductedin-depthresearchonvariousvarieties,andmade advancejudgmentsonmarkettrendstoaccuratelygraspmarketdynamicsandpricechanges.Thecompanymadenewprogressin ricesalesbusiness;effortsweremadetostrengthenthesalescapabilitiesofpackagedoilsandtheproductioncapacityofsmall- packagedflour,activelymatchingterminalmarkets;theproductmatrixcontinuedtobeenrichedwithongoingadditionssuchasthe（未完）  |