禾丰股份：禾丰股份2023年年度报告（英文版）

StockTradingSymbol:603609StockAbbreviation(English):Wellhope BondTradingSymbol:113647BondAbbreviation(English):Wellhopebond WellhopeFoodsCo.,Ltd. 2023AnnualReport March2024 ImportantStatements I.TheBoardofDirectors,SupervisoryBoard,directors,supervisorsandseniormanagementoftheCompanyherebywarrantthatthecontentsofthisannualreportdonotcontainanyfalseormisstatementsormaterialomissionsandareindividuallyandcollectivelyresponsibleforthetruthfulness,accuracyandcompletenessofitscontents. II.AllDirectorswerepresentattheBoardMeeting. III.SuyaJinchengCPALLPhasissuedanauditreportwithunmodifiedopinion. IV.Mr.JinWeidong,thepersoninchargeoftheCompany,Mr.ChenYu,thepersoninchargeoftheaccountingworkandthepersoninchargeoftheaccountingdepartment(headofaccounting),declarethattheyguaranteethetruthfulness,accuracy,andcompletenessofthefinancialreportintheannualreport. V.DividendpaymentproposalforthereportingperiodapprovedbytheBoardofDirectors InviewofthenegativenetprofitattributabletoequityshareholdersoftheCompany,whichdidnotmeettheconditionsforcashdividendssetoutintheArticlesofAssociationoftheCompany,andtakingintoaccountthelong-termdevelopmentplanandcapitalrequirements,andinordertoensurethesustainableandhealthydevelopmentoftheCompanyandtoprovideinvestorswithmorestableandlong-termreturns,theBoardofDirectorsoftheCompany,aftercarefuldeliberation,hasdecidedthatnoprofitdistributionandnocapitalizationofadditionalpaid-incapitalwillbemadeforFY2023.ThisproposalispendingtobesubmittedtotheAnnualGeneralMeeting. VI.Riskstatementonforward-lookingstatements Theforward-lookingstatementscontainedinthisreportsuchasbusinessplans,developmentstrategiesandotherinformation,shouldnotberegardedasacommitmentbytheCompanytoinvestors.Pleasebewareoftheinvestmentrisks. VII.TherehasbeennooccurrenceoftheCompany'snon-businesscapitalbeingappropriatedbythecontrollingshareholderandhisrelatedparties. VIII.TherehavebeennoinstanceswheretheCompanyhasbreacheditsdecisionmakingprocesswhenprovidingexternalguarantees. IX.Therehavebeennoincidentswheremorethanhalfofthedirectorscan’tguaranteetheauthenticity, accuracyandcompletenessoftheannualreportpublishedbytheCompany. X.MaterialRiskWarning TheCompanyhasdescribedindetailtherelevantrisksthatmayexistinthisreport,pleasereferto"PotentialRisks"in"SectionIIIBusinessOperationsAnalysis". XI.ThisannualreporthasbeenpublishedinbothChineseandEnglishversions.IntheeventofanydiscrepancyorinconsistencybetweentheEnglishandChineseversions,theChineseversionshallprevail.TheChineseversionof2023AnnualReportisavailableatwww.sse.com.cn. Contents SectionIGlossary4 SectionIICompanyProfileandKeyFinancialInformation5 SectionIIIBusinessOperationAnalysis9 SectionIVCorporateGovernance47 SectionVEnvironmentandSocialResponsibility61 SectionVIImportantDisclosures77 SectionVIIChangesinCommonSharesandShareholderInformation87 SectionVIIIPreferenceShare91 SectionIXCorporateBond92 SectionXFinancialStatements95 Referencefiledirectory Financialstatementssignedandsealedbythelegalrepresentative,thepersoninchargeoftheaccountsandthepersoninchargeoftheaccountingdepartment. Referencefiledirectory TheoriginalcopyoftheauditreportwiththesealoftheaccountingfirmandthesignatureandsealoftheCPAs. Referencefiledirectory Duringthereportingperiod,alltheoriginaldocumentsandoriginalannouncementsoftheCompanypublishedonthewebsitesdesignatedbytheCSRC. SectionIGlossary I.Glossary CSRC refersto ChinaSecuritiesRegulatoryCommission SSE refersto ShanghaiStockExchange Wellhope,theCompany refersto WellhopeFoodsCo.,Ltd. Reportingperiod,periodunderreview refersto January1,2023-December31,2023 Theendofthereportingperiod refersto December31,2023 RoyalDeHeus refersto KoninklijkeDeHeusB.V.,theparentcompanyofDeHeusMauritiusLtd.,thebiggestprivately-ownedfeedcompanyintheNetherlands ArticlesofAssociation refersto ArticlesofAssociationofWellhopeFoodsCo.,Ltd. GeneralMeeting refersto TheGeneralMeetingofWellhopeFoodsCo.,Ltd. BoardofDirectors refersto TheBoardofDirectorsofWellhopeFoodsCo.,Ltd. SupervisoryBoard refersto TheSupervisoryBoardofWellhopeFoodsCo.,Ltd. CorporateLaw refersto TheCorporateLawofthePeople'sRepublicofChina SecuritiesLaw refersto TheSecuritiesLawofthePeople'sRepublicofChina Companyname(English) WellhopeFoodsCo.,Ltd. Abbreviation(English) Wellhope Companyname(Chinese) 禾丰食品股份有限公司 Abbreviation(Chinese) 禾丰股份 Legalrepresentative JinWeidong SectionIICompanyProfileandKeyFinancialInformationI.CompanyInformation II.ContactPerson SecretaryoftheBoard RepresentativeofSecuritiesAffairs Name ChenYu(ActingastheSecretaryoftheBoardofDirectors) ZhaoChangqing,RenKunsong Address No.169,HuishanStreet,ShenbeiNewDistrict,Shenyang,LiaoningProvince,China No.169,HuishanStreet,ShenbeiNewDistrict,Shenyang,LiaoningProvince, China Tel 024-88081409 024-88081409 Fax 024-88082333 024-88082333 Email hfmy@wellhope.co hfmy@wellhope.co III.BasicInformationoftheCompany Registeredaddress No.169,HuishanStreet,ShenbeiNewDistrict,Shenyang,LiaoningProvince,China ChangeoftheCompany'sregisteredaddress OnDecember6,2016,