阜丰集团二零二三中期报告

CONTENTS 目录 FinancialHighlights 财务摘要2 ManagementReview 管理层回顾 MarketOverview 市场概览3 BusinessandFinancialReview 业务及财务回顾4 FuturePlanandProgress 未来计划及进展18 OtherInformation 其他资料19 Financials 财务资料 InterimCondensedConsolidatedFinancialStatements 中期简明合并财务报表26 NotestotheInterimCondensedConsolidatedFinancialStatements 中期简明合并财务报表附注33 CorporateInformation 公司资料72 Glossary 词汇74 2FUFENGGROUPLIMITED INTERIMREPORT2023 FINANCIALHIGHLIGHTS 财务摘要 Turnover 营业额 ProfitAttributabletoShareholders 股东应占溢利 RMBmillion 人民币百万元 28,000 27,475 RMBmillion 人民币百万元 4,000 3,861 24,000 20,000 16,000 12,000 13,765 16,17116,691 21,540 1 9,521 13,580 2,93 1 3,500 3,000 2,500 2,000 1,500 315 1,845 1,281 2,026 1,538 8,000 4,000 ,16 ,70 6,610 7489 1,000 500 1,137 613 379 591 630 0 2018 20192020 2021 2022 2023 0 2018 2019 2020 2021 2022 2023 Halfyear半年 Fullyear全年 Halfyear半年 Fullyear全年 RevenueAnalysis 收入分析 36.8% 38.7% 16.9%18.2% 6.5% 10.7% 6.7%7.9% 11.9% 7.0% 8.9% 6.0%6.1% 4.1% 2.3% 3.8% 2.2%1.9% 1.7%1.7% MSG CornrefinedThreonine Lysine Xanthan Starch High-end Fertilisers Glutamic Others 味精 products苏氨酸 赖氨酸 gum sweeteners amino 肥料 acid 其他 玉米提炼 黄原胶 淀粉甜味剂 acid 谷氨酸 产品 products高檔氨基酸产品 1H2023 二零二三年上半年 1H2022 二零二二年上半年 阜丰集团有限公司 中期报告20233 MANAGEMENTREVIEW 管理层回顾 MarketOverview EconomicEnvironment InthePeriod,theeconomyinChinareboundedduetotheendoftheCOVID-19restrictions.AccordingtotheNationalBureauofStatisticsofChina,ChinarecordedGDPgrowthof4.5%inthefirstquarterof2023and6.3%inthesecondquarterof2023respectively,or5.5%inthesix-monthperiod.However,theGDPgrowthwaslowerthanexpected.AccordingtotheInternationalMonetaryFundforecast,China’sGDPisexpectedtogrowat5.2%for2023. MajorRawMaterials AccordingtothedataofSublimeChinaInformation(卓创信息),cornpricefluctuatedbetweenthepricerangeofRMB2,636toRMB2,816pertonne(includingVAT).CornsupplyanddemandinChinawereapproximately188milliontonnesand116milliontonnesrespectivelyinthePeriod. ThePRCgovernmenthasmadetheeffortstosecurestablesupplyofcoal.Chinahasalsoincreasedcoalimportfromoverseas.AccordingtothedataofChinaNationalCoalAssociation(中国煤炭工业协会),coalsupplyinChinaincreasedby4.4%toapproximately2.3billiontonnesandcoalimportincreasedby93%toapproximately222milliontonnesinthePeriod,ascomparedtotheCorrespondingPeriod. MajorProducts MSGpricemaintainedatahighlevelinthefirstquarterof2023duetostrongdemand.AccordingtothedataofSublimeChinaInformation,MSGsupplyanddemandwereapproximately620,000tonnesand630,000tonnesrespectively,withASPofapproximatelyRMB9,435pertonne(includingVAT)inthefirstquarterof2023inChina.However,MSGpricedroppedinthesecondquarterof2023duetoincreasedsupplyofMSGandweakdemand.MSGsupplyanddemandwereapproximately654,000tonnesand587,000tonnesrespectivelyinthesecondquarterof2023.ASPofMSGwasapproximatelyRMB8,667pertonne(includingVAT)asat30June2023. Xanthangumisclassifiedintofoodgradeandindustrialgrade,ofwhichtheindustrialgradeismainlyappliedforoilextraction.Duetothestrongdemandfromoverseas,particularlyfromtheoilextractionsector,xanthangumrecordedstronggrowthinexportsalesandprice. 市场概览 经济环境 期内，中国经济因新冠限制措施结束而出现反弹。根据中国国家统计局的资料，中国于二零二三年第一季度及二零二三年第二季度的国内生产总值分别增长4.5%及6.3%，或于六个月期间增长5.5%。然而，国内生产总值增长低于预期。据国际货币基金组织预测，中国二零二三年的国内生产总值增速预计为5.2%。 主要原材料 卓创信息数据显示，玉米价格于每吨人民币2,636元至人民币2,816元（含增值税）的价格区间波动。期内，中国玉米供应量及需求量分别约为188,000,000吨及116,000,000吨。 中国政府努力确保煤炭稳定供应。中国亦增加海外的煤炭进口量。中国煤炭工业协会数据显示，期内中国煤炭供应量较去年同期增加4.4%至约23亿吨，而煤炭进口量较去年同期增加93%至约222,000,000吨。 主要产品 由于需求强劲，二零二三年第一季度味精价格维持在高位。根据卓创信息的数据，于二零二三年第一季度，中国味精的供应量及需求量分别约为620,000吨及630,000吨，平均售价约为每吨人民币9,435元（含增值税）。然而，由于味精供应增加但需求疲软，二零二三年第二季度味精价格下跌。二零二三年第二季度味精供应量及需求量分别约为654,000吨及587,000吨。于二零二三年六月三十日，味精的平均售价约为每吨人民币8,667元（含增值税）。 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。由于海外（特别是石油开采行业）的需求畅旺，黄原胶出口销售及价格均录得强劲增长。 4FUFENGGROUPLIMITED INTERIMREPORT2023 MANAGEMENTREVIEW 管理层回顾 Fortheanimalnutritionproducts,threonineandlysinewereinchallengingconditionsduetotheoversupplysituation.However,ASPofthreonineandlysineincreasedinthesecondquarterof2023duetotheproductioninspectionandmaintenanceofsomesuppliers,whichlimitedthesupplyinthemarket. BusinessandFinancialReview OverallPerformance ThetablebelowillustratesthegrowthoftheGroup’srevenue: 对于动物营养产品，苏氨酸及赖氨酸因供应过剩而面临严峻挑战。然而，由于部分供应商进行生产检验及维护，限制了市场供应，二零二三年第二季度苏氨酸及赖氨酸的平均售价有所上升。 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） 28,000 27,475 24,000 20,000 16,000 12,000 13,765 16,171 16,691 21,540 9,521 12,931 13,580 8,000 7,7048,169 6,610 4,000 0 2018 2019 2020 2021 2022 2023 Halfyear半年Fullyear全年 阜丰集团有限公司 中期报告20235 MANAGEMENTREVIEW 管理层回顾 TheGroup’srevenueincreasedby5.0%toapproximatelyRMB13,580.1millioninthePeriod,ascomparedtotheCorrespondingPeriod,primarilyduetoincreasedrevenuecontributionfromthebusinesssegmentsoffoodadditives,colloidandhigh-endaminoacid. TheGroup’soverallgrossprofitdecreasedby17.4%toapproximatelyRMB2,956.8millioninthePeriod,ascomparedtotheCorrespondingPeriod,primarilyduetothedecreasesinthegrossprofitoffoodadditivesandanimalnutritionsegments. Facingthechallengingmarketsituation,theGroupmaintainedthegrowthmomentumbyincreasingthesalesvolumeinmajorproducts,despitethelowerA