Stock Code: 002714 StockAbbreviation: Muyuan Foods Announcement No.: 2023-046
Bond Code: 127045 BondAbbreviation: Muyuan Convertible Bond
Summary of 2022Annual Report of Muyuan Foods Co., Ltd.
I ．Important Notes
This summary is abstracted from the 2022 Annual Report of Muyuan Foods Co., Ltd..
Investors may refer to the full text of the report through the media designated by the China
Securities Regulatory Commission (CSRC) for further details of the business performance,
financial situation and future development plans of Muyuan Foods Co., Ltd. (hereinafter referred
to as “the Company").
This summary has been prepared in both Chinese and English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
All directors attended the board meeting on which this report was reviewed.
Notes of non-standard audit opinions
□Applicable ？Not Applicable
Preliminary plan for profit distribution or capitalization of reserves in the reporting period as
reviewed by the board
？Applicable □ NotApplicable
Capitalization of reserves or not
□ Yes ？No
The preliminary plan for profit distribution, as approved by the Company’s board of
directors, decides to distribute a cash dividend of CNY 7.36 (tax included) for every 10 shares to
all shareholders, on the basis of the total share capital on the record date for the distribution, with
0 bonus shares (tax included) and no capitalization of reserves.
Profit distribution plan of preferred shares during the reporting period as approved through the
resolution of the board of directors
？Applicable □ NotApplicable
Distribution Distribution Dividend Dividend Involved in
Distribution date Dividend Amount (CNY) conditions and payment accumulated the allocation
Rate (tax included) relevant procedures method or not of residual
satisfied or not profits or not
December 26, 2022 6.8% 168,363,240.00 Yes Cash No No
II. Basic Information of the Company
1. Company Profile
Stock abbreviation Muyuan Foods Stock code 002714
Stock Exchange for stock listing Shenzhen Stock Exchange
Stock abbreviation before change (if None
any)
Contact information Secretary of the Board SecuritiesAffairs Representative
Name Qin Jun Cao Fang
Longsheng Industrial Park, Wolong Longsheng Industrial Park, Wolong
OfficeAddress District, Nanyang City, Henan Province, District, Nanyang City, Henan Province,
China China
Fax 0377-66100053 0377-66100053
Telephone 0377-65239559 0377-65239559
E-Mail myzqb@muyuanfoods.com myzqb@muyuanfoods.com
2. Introduction of Main Businesses or Products during the Reporting Period
(I) Summary of the Company’s operation
In 2022, the Company sold 61.201 million heads of pigs, including 55.296 million heads of
finished pigs (of which, 7.368 million heads were sold to the wholly-owned subsidiary Muyuan
Meat Co., Ltd. and its subsidiaries), 5.558 million heads of piglets, and 346 thousand heads of
breeding pigs. In 2022, 7.362 million heads of pigs were slaughtered and 757 thousand tons of
fresh and frozen pork products were sold.
As a result, the Company achieved an operating revenue of CNY 124.826 billion in 2022, a
YOY increase of 58.23%. Of which, the revenue attributable to slaughter and meat processing is
CNY 14.718 billion, a YOY increase of 171.66%. The net profit is CNY 14.933 billion, a YOY
increase of 95.50%.
In 2022, the Company continued to increase investment in the on-site management of farms,
technology R&D and innovation, and achieved significant results in pig health management and
disease elimination. The Company's production indicators improved significantly compared to
2021 and the annual pig farming costs showed a continuous downward trend. In 2022, the
Company’s annual average full cost of finished pigs was around CNY 15.7/kg and the full cost in
the fourth quarter was reduced to less than CNY 15.5/kg. Without considering the impact of raised
raw grain prices on costs, the Company had basically realized its annual goal of lowering costs.
The year 2022 witnessed the Company’s further transformation from high-speed
development to high-quality and stable development. It continuously promoted the construction
of supporting facilities for pig farms, improve
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