中国食品2023年报

CORPORATE PROFILE ChinaFoods Limited(“China Foods”or the“Company”and together with itssubsidiaries, the “Group”), a subsidiary of COFCO Corporation (“COFCO”) and theonly focused beverage platform of COFCO, is listed on the main board of The StockExchange of Hong Kong Limited (Stock Code: 506). The Company mainly manufactures, distributes, markets and sells the Coca-Colaseries products at nineteen provincial-level administrative regions in the PRC throughCOFCO Coca-Cola Beverages Limited (“COFCO Coca-Cola”), a 65%-owned joint-venturewith The Coca-Cola Company. COFCO Coca-Cola offers twenty-four brands of productsin ten major types of beverages which include sparkling drink, juice, water, milkdrink, energy drink, tea, coffee, functional nutrition drink, sports drink and plant-based protein drink. 506 65%191024 CONTENTS FINANCIAL HIGHLIGHTS2MAJOR EVENTS IN 202320233STATEMENT FROM CHAIRMAN AND MANAGING DIRECTOR9MANAGEMENT DISCUSSION AND ANALYSIS13DIRECTORS AND SENIOR MANAGEMENT PROFILE24CORPORATE GOVERNANCE REPORT34REPORT OF THE DIRECTORS61INDEPENDENT AUDITOR’S REPORT80CONSOLIDATED STATEMENT OF PROFIT OR LOSS88CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME89CONSOLIDATED STATEMENT OF FINANCIAL POSITION90CONSOLIDATED STATEMENT OF CHANGES IN EQUITY92CONSOLIDATED STATEMENT OF CASH FLOWS93NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS94FIVE-YEAR FINANCIAL SUMMARY181CORPORATE INFORMATION182FINANCIAL CALENDAR184 FINANCIAL HIGHLIGHTS China Foods and Coca-Cola jointly launched the Dingsheng Programmein the PRC In 2023, Coca-Cola China, China FoodsandSwire Coca-Cola developed a“Dingsheng Programme”interms of future development goals andstrategies. It has coincident goals andunified actions, with every effort made toenhancemarket competitiveness andstatus, and achieve rapid business growthand profitability improvement. 2023 Smooth integration of the non-sparkling supply platform and enhancing the comprehensive strength of theoverall supply chain As at 1 January 2023, China Foods officially launched its self-production of non-sparkling products, achieving acomprehensive upgrade of the supply chain platform, thus providing guarantee for the balanced development ofCOFCO Coca-Cola’s multiple categories. 20231 1 Seven plants were awarded National Green Factory Certification7 19 plants of China Foods were awarded as the Excellent Enterprise in Energy and Water Saving by China BeverageIndustry Association for four consecutive years. In addition to the original four national green plants (Heilongjiang Plant, Beijing Plant, Inner Mongolia Plant andSichuan Plant), three plants, being Qingdao Plant, Jinan Plant, and Gansu Plant, were awarded the title of NationalGreen Plant in 2023. 194 42023 Preliminary results had been seen in the construction of an ecosystem China Foods made active efforts to promotethe construction of a “win-win ecosystem” bysharing information with upstream suppliers tojointly improve operational efficiency. In 2023,we promoted joint construction with ZijiangEnterprise and Baosteel Packaging, to improvethe operational efficiency and effectively reducethecosts of both parties through sharingproduction plans, spare parts inventory, unifiedmanagement standards, etc. 2023 COFCO’s Lohas Changbai Mountain Natural Mineral Water has been launched On 8 April 2023, a release conference was held for the launch of a new product, COFCO “Lohas” ChangbaiMountain natural mineral water, which sources from the original ecological circle of Changbai Mountain, featuredby a natural spring with pure water quality and no pollution. Upon the launch, sales were quickly initiated inmore than 10 markets, with annual sales reaching RMB35.8 million in 2023. 20234 81020233,580 COFCO Zhishang won the Industry Most Potential Award for the year In May 2023, COFCO Zhishang Technology Ltd. won the2022 Industry Most Potential Award jointly issued by theChina General Chamber of Commerce, the Smart VendingIndustry Development and Management Center (), the Asia-Pacific Vending Industry Association,and the Asia Vending & Smart Retail Expo for its rapid growthin market size and revenue. 202352022 STATEMENTfromCHAIRMAN AND MANAGING DIRECTOR STATEMENT FROM CHAIRMAN AND MANAGING DIRECTOR Dear Shareholders, 2023 2023: MAKING TIMELY ADJUSTMENTS TO REACHA NEW HEIGHT The year of 2023 marked a year for economic recovery anddevelopment after a transition from a three-year period of COVID-19prevention and control. China’s economy withstood pressures fromcomplex external international environment, overcame difficultiesof internal reform, transformation and development, and madesolid progress in high-quality development, with its GDP growingby 5.2%, ranking among the fastest-growing major economies inthe world. COFCO also overcame tests of grave and complexsituations,remained committed in seeking progress whilemaintaining stability, seized opportunities, and met obstacles anddifficulties head on, thus achieving higher-quality deve