安道麦B：2023年年度报告（英文版）

ADAMALTD.ANNUALREPORT2023 ADAMALtd.isagloballeaderincropprotection,providingsolutionstofarmersacrosstheworldtocombatweeds,insectsanddisease.ADAMAhasoneofthewidestandmostdiverseportfoliosofactiveingredientsintheworld,state-of-theartR&D,manufacturingandformulationfacilities,togetherwithaculturethatempowersourpeopleinmarketsaroundtheworldtolistentofarmersandideatefromthefield.ThisuniquelypositionsADAMAtoofferavastarrayofdistinctivemixtures,formulationsandhigh-qualitydifferentiatedproducts,deliveringsolutionsthatmeetlocalfarmerandcustomerneedsinover100countriesglobally. Forfurtherimportantadditionalinformationanddetails,pleaserefertotheAnnex. March2024 1 SectionI-ImportantNotice,TableofContentsandDefinitions TheCompany’sBoardofDirectors,BoardofSupervisors,directors,supervisorsandseniormanagersconfirmthatthecontentoftheReportistrue,accurateandcompleteandcontainsnofalsestatements,misleadingpresentationsormaterialomissions,andassumejointandseverallegalliabilityarisingtherefrom. StevenHawkins,thepersonleadingtheCompany(PresidentandChiefExecutiveOfficer)aswellasitslegalrepresentative,andEfratNagar-thepersonleadingtheaccountingfunction(ChiefFinancialOfficer),herebyassertandconfirmthetruthfulness,accuracyandcompletenessoftheFinancialReport. AlloftheCompany’sdirectorsattendedtheboardmeetingforthereviewofthisReport. Theforward-lookinginformationdescribedintheReport,suchasfutureplans,developmentstrategyetc.,doesnotconstitute,inanymannerwhatsoever,asubstantialcommitmentoftheCompanytoinvestors.Investorsandotherrelevantpeoplearecautionedtobesufficientlymindfulofinvestmentrisksaswellasthedifferencebetweenplans,forecastsandcommitments. TheCompanyhasdescribeditsfuturedevelopmentstrategies,workplanfor2024andpossiblerisksin“XI.OutlookoftheCompany’sfuturedevelopment”inSectionIII.ThemajorrisksoftheCompanyinclude,amongothers,exchangeratefluctuations;exposuretointerestrate,IsraelCPIandNISexchangeratefluctuations;fluctuationsinrawmaterialinputsandprices,andinsales.Investorsandotherrelevantpeoplearecautionedtobesufficientlymindfulofinvestmentrisks.Forthecomplete“Riskfactorsandcountermeasures”oftheCompany,pleaseseetherelevantsectionbelow. Pre-planofdividenddistributionorreservetransfertoequitycapitalapprovedforthereportingperiodbythemeetingoftheBoardofDirectorsonMarch25,2024 □Applicable√Notapplicable TheCompanydoesnotplantodistributecashorsharedividends,norplantotransfercapitalreservetoequitycapital. ThisReportanditsabstracthavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesbetweenthetwoversions,theChineseversionshallprevail. TableofContents SectionI-ImportantNotice,TableofContentsandDefinitions2 SectionII-CorporateProfileandFinancialResults6 SectionIII-PerformanceDiscussionandAnalysis12 SectionIV-CorporateGovernance53 SectionV-EnvironmentandSocialResponsibilities80 SectionVI-SignificantEvents93 SectionVII-ChangeinShares&Shareholders141 SectionVIII-PreferredStock152 SectionIX-CorporateBonds153 SectionX-FinancialReport154 ContentsofDocumentsAvailableforReference (I)DulysignedFinancialStatementsbytheLegalRepresentativeandAccountingPrincipalaswellasHeadoftheAccountingOrgan. (II)DulysignedAuditor’sReportandsealsthecertifiedpublicaccountants. (III)OriginalsofallCompany’sdocumentspreviouslydisclosedinmediadesignatedbytheCSRCaswellastheoriginalsofallthepublicnotices,weredepositedintheCompany’soffice. Definitions InthisReport,thefollowingtermshavethemeaningappearingalongsidethem,unlessotherwisespecified: GeneralTermsDefinition Company,theCompanyADAMALtd. AdamaAgriculturalSolutionsLtd.,awholly-ownedsubsidiaryoftheCompany, AdamaSolutions incorporatedinIsraelaccordingtoitslaws Anpon,ADAMAAnponADAMAAnpon(Jiangsu)Ltd.,awholly-ownedsubsidiaryoftheCompanyBoardofDirectors/BoardTheBoardofDirectorsoftheCompany BoardofSupervisorsTheBoardofSupervisorsoftheCompanyArticlesofAssociation/AOATheArticlesofAssociationoftheCompany Group,theGroup,ADAMATheCompany,includingallitssubsidiaries,unlessexpresslystatedotherwiseChemChinaChinaNationalChemicalCo.,Ltd. CNACChinaNationalAgrochemicalCo.,Ltd. CSRCChinaSecuritiesRegulatoryCommission SZSEShenzhenStockExchange SASACStateAssetsSupervisionandAdministrationCommissionofChina SyngentaGroupCo.,Ltd.,thecontrollingshareholderoftheCompanyasofJune SyngentaGroup 15,2020,awholly-ownedsubsidiaryofCNAC SinochemHoldingsSinochemHoldingsCorporationLtd. SinochemHoldingsincludingallitssubsidiariesunlessotherwiseindicatedorthe SinochemGroup contextotherwiserequires ReportThis2023AnnualReport FinancialReportTheFinancialReportsfortheyear2023,ascontainedinthisReportReportingPeriod,thisPeriod, CurrentYear Year2023 CompanyLawCompanyLawofthePeople’sRepublicofChina SecuritiesLawSecuritiesLawofthePeople’sRepublicofChina ListingRulesListingRulesoftheSZSE SectionII-CorporateProfileandFinancialResults I.CorporateInformation Stockname ADAMAA,ADAMABStockcode000553,200553 Stockexchange ShenzhenStockExchange CompanynameinChinese 安道麦股份有限公司 Abbr. 安道麦 CompanynameinEnglish(ifany) ADAMALtd. Abbr.(ifany) ADAMA