新 希 望2023年年度报告（英文版）.pdf

Fulltextofthe2023AnnualReportofNewHopeLiuheCo.,Ltd.1NewHopeLiuheCo.,Ltd.2023AnnualReport2024-28[April30,2024]Fulltextofthe2023AnnualReportofNewHopeLiuheCo.,Ltd.22023AnnualReportSection1ImportantNote,TableofContentsandDefinitionsTheboardofdirectors,boardofsupervisors,directors,supervisorsandseniorexecutivesoftheCompanywarrantthatthecontentsofthisannualreportaretrue,accurateandcompleteandfreeofanyfalserecordings,misleadingstatementsorsignificantomissions,andthattheywillbejointlyandseverallyliableforthelegalconsequences.AsdeclaredbyLiuChang(chairmanoftheCompany),ChenXingyao(chiefaccountant)andSuXiaodan(thepersoninchargeofaccountingorganization&accountantincharge):thefinancialreportinthisannualreportistrue,accurateandcomplete.AlldirectorsoftheCompanyattendedtheboardmeetingdeliberatingthisreport.I.AnimaldiseaseandnaturaldisasterrisksAnimaldiseaseisthemainriskfacedinthedevelopmentoflivestockindustry.Therearethreekindsofrisksarisingoutoftheoccurrenceofepidemicdisease.First,theoccurrenceofepidemicdiseaseislikelytoresultindeathoflivestock,directlyresultinginreducedyield,increasedcostsandlowerprices.Second,theoccurrenceandprevalenceofanimaldiseaseonalargescaleeasilyinfluencetheconsumerpsychology,leadingtoacontractioninmarketdemand,andalsoaffectingthefeedproductionandoperation.Forexample,thefirstoutbreakoftheswinefeverinChinainmiddle2018causedahugeshocktothewholeindustry.Althoughtheindustryinitiallyexploredtheprevention,controlandtreatmentmethodsofcomprehensivebiosafetypreventionandcontrolcombinedwithpreciseeliminationin2019and2020,theswinefeverexperiencedaweakenedmutationattheturnofwinterandspringbetweentheendof2020andbeginningof2021,makingitmorespreadchannels,longerincubationtime,andmoredifficulttodetectandeliminate.Inrecentyears,theswinefeverhasgraduallybecomenormal,especiallyinwinterandearlyspringwhenthetemperatureislow,theimpactisparticularlyseriousinthenorthofChina.Intermsofthenaturaldisasterrisk,thefeedandslaughterarecloselyrelatedtoplantingandlivestockbreedingindustry.Therefore,thenaturaldisasterssuchastemperatureanomalies,drought,flood,earthquake,hail,andsnowdisasterwillalladverselyaffecttheindustryoperationanddevelopment.NaturaldisastersoccurringinandaroundtheCompany’sproductionfacilitiesmayresultinsubstantialdamagestoFulltextofthe2023AnnualReportofNewHopeLiuheCo.,Ltd.3productioninfrastructureorequipment.Furthermore,naturaldisastersandextremeweathereventscanalsodriveuppricesforcertainfeedingredientsandmeat.Forexample,atthebeginningof2023,southwestChinaexperiencedwinterandspringdrought,leadingtothecontinuousdevelopmentofdroughtconditionsinsomeregions,andaffectingvariousaspectsoftheindustrychain,includingcultivationandlivestockfarmingtovaryingdegrees.Inthemiddleof2023,centralChinaexperiencedawiderangeofpersistentrainyweather,causingalargerangeofcropdisasters,whichalsohadanimpactonthepriceoffeedrawmaterialsandaffectedthequalityofrawmaterials.TheextensiveheavyraincausedbyatyphooninsouthernChinaalsobroughtadverseeffectondiseasepreventionandcontrolofpig