阜丰集团二零二二中期报告

CONTENTS 目录 2 FinancialHighlights 财务摘要 ManagementReview 管理层回顾 3 MarketOverview 市场概览 4 BusinessandFinancialReview 业务及财务回顾 17 OutlookandFuturePlan 展望及未来计划 17 OtherInformation 其他资料 Financials 财务资料 23 InterimCondensedConsolidatedFinancialStatements 中期简明合并财务报表 30 NotestotheInterimCondensedConsolidatedFinancialStatements 中期简明合并财务报表附注 72 CorporateInformation 公司资料 74 Glossary 词汇 2FUFENGGROUPLIMITED INTERIMREPORT2022 FINANCIALHIGHLIGHTS 财务摘要 Turnover 营业额 ProfitAttributabletoShareholders 股东应占溢利 RMBmillion 人民币百万元 24,000 20,000 16,000 16,17116,691 21,540 RMBmillion 人民币百万元 2,500 2,000 1,845 2,026 12,000 8,000 4,000 13,034 6,211 13,765 6,610 7,704 8,169 9,521 12,931 1,500 1,000 500 1,382 643 315 1,137 613 630 379 1,281 591 0 2017 2018 2019 2020 2021 2022 0 2017 2018 2019 2020 2021 2022 Halfyear半年 Fullyear全年 Halfyear半年 Fullyear全年 RevenueAnalysis 收入分析 Glutamicacid 谷氨酸 1.9% Fertilisers肥料3.8% High-endaminoacidproducts高檔 氨基酸产品 Others其他1.7% MSG 味精 38.7% 1H2022 二零二二年 上半年Cornrefinedproducts 玉米提炼产品 Glutamicacid 谷氨酸 2.4% Fertilisers肥料2.8% Xanthangum 黄原胶 3.8% Others其他3.0% MSG 味精 37.6% 1H2021 二零二一年上半年 Cornrefinedproducts 玉米提炼产品 4.1% Starchsweeteners淀粉 甜味剂 Threonine 18.2% Lysine 赖氨酸 6.7% Threonine 18.0% 6.0% Xanthangum 黄原胶 7.0% Lysine赖氨酸7.9% 苏氨酸 10.7% Starchsweeteners淀粉 甜味剂 6.9% High-endaminoacidproducts高檔 氨基酸产品 7.2% 苏氨酸 11.6% 阜丰集团有限公司 中期报告20223 MANAGEMENTREVIEW 管理层回顾 MarketOverview AccordingtotheNationalBureauofStatisticsofChina,ChinareporteditsGDPgrowthrateof2.5%onayear-on-yearbasisinthefirsthalfof2022withtheglobaleconomyshowingsignsofrecovery.However,therecoveryfacedturbulenceduetotheresurgenceofCOVID-19pandemicinChina,theconflictbetweenRussiaandUkraine,aswellasthesoaringinflationinsomedevelopedmarkets. InthePeriod,theconflictbetweenRussiaandUkraineandtheeffectofextremeweatherledtoglobalfoodshortage,causinganincreaseinfoodpricing.Chinahassufficientcornsupply.So,theimpactoftheforeignenvironmentondomesticcornpricingwaslimited.Thedomesticcornpriceremainedcomparativelystable. CoalpriceduringthePeriodinChinacontinuedthepricetrendofthefourthquarterof2021andremainedatarelativelyhighlevelduringthePeriod.DuringthePeriod,theNationalDevelopmentandReformCommissionpromulgatedsomepoliciesforstabilizingthesupplyandpricingofdomesticcoal,expresslystatingthatcoalpricingshouldbemaintainedwithinareasonablerangeandthattimelyregulationandsupervisionwillbecarriedouttostabilizedomesticcoalpricingandsupplyincasecoalpricingfallsoutofthereasonablerange. FortheMSGsector,majorproductionmaterialscontinuedthepricetrendofthefourthquarterof2021andwereatrelativelyhighlevelsduringthePeriod.ASPofMSGincreasedduringthePeriodduetothehighercostlevelanddemandrecovery.AlthoughsomeregionsinChinaaffectedbythelockdownandcontrolmeasuresduetotheresurgenceofCOVID-19pandemic,socialactivitiesstartedtorecoverinanorderlymanner,leadingtogradualdemandrecoveryinthecateringindustryandfoodprocessingindustry. Xanthangumisclassifiedintofoodgradeandindustrialgrade,ofwhichtheindustrialgradeismainlyappliedforoilextraction.Withoilpricingandextractionvolumelingeringathighlevelsduetotherecoveryoftheglobaloilindustry,marketdemandforxanthangumincreasedsignificantly. 市场概览 据中国国家统计局资料来看，中国在二零 二二年上半年的国内生产总值按年增长2.5%，同时环球经济亦呈现复苏迹象。然而，由于国内新冠疫情反复、俄乌冲突事件以及部分发达市场通胀飙升，复苏面临动荡。 期内，俄乌冲突和极端天气的影响下，令全球粮食紧缺导致食品价格上涨。中国玉米供应充足。因此，国外环境对国内玉米价格影响有限，国内玉米价格相对稳定。 期内中国煤炭价格延续二零二一年第四季度的价格趋势，并于期内维持在较高水平。期内，国家发改委颁下若干针对国内煤炭稳供稳价政策，明确煤炭价格要在合理区间，当超出价格合理区间将及时调控监管，使国内煤炭价格和供应得以稳定。 味精行业方面，主要生产材料延续二零二一年四季度价格趋势，期内价格于高位。由于成本水平较高及需求回升，味精的平均售价于期内有所增加。尽管疫情反覆，中国部份地区受封控管理所影响，但社会活动开始有序复苏，带动餐饮业和食品加工业的需求逐渐回升。 黄原胶分为食品级别和工业级别，其中工业级别主要用于石油开采。受惠于全球石油业的复苏，石油价格及开采量持续高位运行，黄原胶市场需求明显增加。 4FUFENGGROUPLIMITED INTERIMREPORT2022 MANAGEMENTREVIEW 管理层回顾 Domesticdemandforthreonineandlysinehasremainedstableduetorecoveryintheswinefarmingindustry.Overseasdemandforthreonineandlysinewasalsostable.Bythemarketinformationshownthattheexportvolumeofthreonineandlysineinthefirsthalfof2022amountedtoapproximately310,000tonnesand530,000tonnes,respectively. BusinessandFinancialReview OverallPerformance ThetablebelowillustratesthegrowthoftheGroup’srevenue: 由于养猪业复苏，国内对苏氨酸及赖氨酸的需求走稳。海外对苏氨酸及赖氨酸的需求亦保持稳定。据市场信息显示，二零二二年上半年苏氨酸及赖氨酸的出口量分别约为310,000吨及530,000吨。 业务及财务回顾 整体表现 下图说明本集团的收入增长： RMB(Million) 人民币（百万元） 22,000 20,000 18,000 16,000 14,000 12,000 10,000 13,034 13,765 16,171 16,691 21,540 9,521 12,931 8,000 6,000 4,000 2,000 0 6,211 6,610 7,7048,169 2017 2018 2019 202020212022 Halfyear半年Fullyear全年 阜丰集团有限公司 中期报告20225 MANAGEMENTREVIEW 管理层回顾 TheGroup’srevenueincreasedby35.8%toapproximatelyRMB12,930.8millioninthePeriod,ascomparedtotheCorrespondingPeriod,primarilyduetoincreasedrevenuecontributionfromthebusinesssegmentsoffoodadditives,animalnutritionandcolloid. TheGroup’soverallgrossprofitincreasedby102.8%toapproximatelyRMB3,580.6millioninthePeriod,ascomparedtotheCorrespondingPeriod,primarilyduetotheincreasesinthegrossprofitoffoodadditives,animalnutritionandcolloid. AstheGroupcontinueditsstronggrowthmomentumfromthesecondhalfof2021,theGrouprecordedincreasesinsalesvolumeandASPinmajor