深圳市深粮控股股份有限公司2025年年度报告摘要

Stock code:000019200019 Short form of share: SZCH Shenliang B Announcement No.: 2026-06

SHENZHEN CEREALS HOLDINGS CO. LTD.SUMMARYOFANNUALREPORT 2025

I. Important Notice

The abstract of this annual report comes from the full text of the annual report. In order to fully understand the company’s

operating results financial situation and future development plans investors should carefully read the full text of the annual report

in the designated media of the China Securities Regulatory Commission.All directors have attended the board meeting to review this report.Reminder of qualified audit opinion

□Applicable□Not applicable

Profit distribution plan or the transfer plan of capital reserve into share capital during the reporting period reviewed by the board of

directors

□Applicable □Not applicable

Is capital reserve transferred into share capital

□Yes□No

The profit distribution plan that was deliberated and approved by the Board Meeting is: based on total share capital of

1152535254 distribute cash bonus of 1.2 yuan (tax inclusive) for every 10 shares 0 share bonus issued (tax inclusive) and no

transfer of capital reserve into share capital.The profit distribution plan for preferred shares approved by the Board Meeting during this reporting period

□Applicable□Not applicable

II. Company information

1.Company presentation

Short form of share SZCH Shenliang B Stock code 000019 200019

Listing stock

exchange Shenzhen Stock Exchange

Short form of share

before change (if Nil

applicable)

Person/Way to Secretary of the Board Rep. of security affairs

contact

Name Chen Xiaohua Chen Kaiyue Liu Muya

Contact address 13/F Tower A World Trade Plaza No.9 Fuhong 13/F Tower A World Trade Plaza No.9 FuhongRd. Futian District Shenzhen Rd. Futian District Shenzhen

Fax. 0755-83778311 0755-83778311

Tel. 0755-83778690 0755-83778690

1深圳市深粮控股股份有限公司2025年年度报告摘要

E-mail 000019@slkg1949.com chenky@slkg1949.com liumy@slkg1949.com

2. Main businesses of the Company during the reporting period

Main business of the Company includes the wholesale and retail business food processing and manufacturing business

leasing and commerce service business. All business segments synergize to continuously optimize the full industrial chain layout

of grain oil and food.The wholesale and retail business primarily operates basic grain and oil products including rice wheat paddy corn and

edible oil together with supporting foods such as high-end tea beverages and condiments. Raw grains mainly satisfy production

demand in downstream sectors including trading feed processing flour milling and rice processing. Terminal grain oil and related

food products mainly serve group meals of enterprises and public institutions and daily consumption of community residents

covering both livelihood consumption and industrial supply.The food processing and manufacturing business focuses on the processing and production of flour rice tea and plant

extracts beverages and condiments and boasts a diversified brand matrix. Specifically flour products include bread flour special

flour for pastries and steamed buns and noodle flour to meet the demands of food processing enterprises and household cooking.Rice products cover the high- medium- and low-end markets suitable for daily consumption and gift-giving scenarios. Edible oil

products adhere to the health concept to satisfy residents’ demand for a healthy diet. Tea and related products include tea leaves

fresh extracts and instant tea catering to both traditional tea drinking and convenient consumption needs. Condiments are mainly

oyster sauce and pastes serving catering and household cooking scenarios.Leveraging its brand reputation operational capacity and facility advantages accumulated in the grain and oil market the

leasing and commercial services business provides a full range of professional services to customers upstream and downstream the

industrial chain covering import and export trade of grain oil food and beverages warehousing logistics and distribution quality

inspection information technology services property leasing and management and commercial operation management so as to

facilitate the efficient operation of the industrial chain and ensure food security and product quality.Centered on the model of

“platform-based services + specialized operation” the Company integrates industrial chain resources by relying on its core service

carriers to provide customers with integrated solutions. Among others the Dongguan Logistics Comprehensive Park integratesfive coordinated functions including grain and oil terminals transit and storage. As the “National Grain Quality MonitoringStation in Shenzhen Guangdong” Shenliang Quality Inspection provides professional quality inspection services. As a

professional asset management platform Shenliang Land Development is responsible for property leasing and commercial

operation forming a coordinated and efficient service system.

3. Main accounting data and financial indexes

(1) Main accounting data and financial indexes in last three years

Whether the company has retroactive adjustment or re-statement on previous accounting data or not

□Yes□No

In RMB

Changes in the current

2025 2024 year over the previous 2023

year (+/-)

Total assets 7372342349.32 7714550508.01 -4.44% 7402926251.19

2深圳市深粮控股股份有限公司2025年年度报告摘要

Net assets attributable

to shareholders of the 4988751158.32 4919674142.82 1.40% 4828491503.39

listed Company (RMB)

Changes in the current

2025 2024 year over the previous 2023

year (+/-)

Operating revenue

(RMB) 5505279622.35 5375089846.91 2.42% 6190005356.82

Net profit attributable to

shareholders of the 243215785.97 325309578.52 -25.24% 347739109.06

listed Company (RMB)

Net profit attributable to

shareholders of the

listed Company after 148452198.97 307799147.68 -51.77% 328085399.55

deducting non-recurring

gains/losses (RMB)

Net cash flow from

operating activities 1100440103.90 -15317619.38 7284.15% 585734715.61

(RMB)

Basic earnings per share

(RMB/Share) 0.2110 0.2823 -25.26% 0.3017

Diluted earnings per

share (RMB/Share) 0.2110 0.2823 -25.26% 0.3017

Weighted average ROE 4.91% 6.67% -1.76% 7.25%

Notes:

1. The year-on-year decrease in net profit attributable to shareholders of the listed company is mainly due to the surplus of

special-purpose financial funds obtained in previous years being included in taxable income for the reporting period with a

five-year deferral as well as special-purpose financial funds obtained in the current year being directly included in taxable

income for the reporting period resulting in a year-on-year increase in income tax expenses during the reporting period. For

details see “VI. Tax” in the Section III Financial Report”.

2. The year-on-year decrease in net profit attributable to shareholders of the listed company after deducting non-recurring gains

and losses is mainly attributable to the year-on-year increase in income tax expenses and non-recurring gains/losses in the

reporting period as well as increased warehousing and operating costs arising from factors such as the relocation of

Shuguang Grain Depot and the commissioning of Shenshan Grain Depot.

3. The year-on-year increase in net cash flows arising from operating activities is mainly due to increased grain and oil sales

and higher cash inflows from operating activities in the reporting period. In addition a portion of grain and oil purchases in

the reporting period was settled via domestic letters of credit and cash paid for grain and oil purchases decreased compared

with the same period of the previous year leading to a reduction in cash outflows from operating activities.

(2) Main financial index disclosed by quarter

In RMB

Q 1 Q 2 Q 3 Q 4

Operating revenue 1226680291.18 1157547146.72 1534248068.76 1586804115.69

Net profit attributable

to shareholders of the 91323433.84 84692092.03 67510968.82 -310708.72

listed company

Net profit attributable

to shareholders of the

listed company after 72867613.63 85147291.99 66174770.31 -75737476.96

deducting non-recurring

gains/losses

Net cash flow arising

from operating 401152980.30 336125586.51 527878611.67 -164717074.58

activities

Are there significant differences between the above-mentioned financial index or its total number and the relevant financial index

3深圳市深粮控股股份有限公司2025年年度报告摘要

disclosed in the Company’s quarterly report and semi-annual report

□Yes □ No

4.Shareholders and particulars about shares holding

(1) The number of ordinary shareholders and preferred shareholders with renewed voting rights as well as the

shareholding status of top 10 shareholders

In share

Total Total Total

common common preferred Total preferred

stock stock shareholders shareholders with

shareholder shareholders with voting voting rights

s at the end 41592 at the end of 41786 rights 0 recovered at end of 0

of reporting last month recovered at last month before

period before annual the end of annual report

report reporting disclosed

disclosed period

Shareholding of top ten shareholders (Excluding shares lent through refinancing)

Proport Total shares Information ofheld at the shares pledged

Name of Shareholders Nature of ion of Quantity ofshareholder shares end of tagged or

held reporting

restricted frozen

period shares held State of Qua

share ntity

Shenzhen Agricultural Power Group Co. State-owned legal

Ltd. person 63.79% 735237253 669184735 NA 0

Shenzhen Agricultural Products Group State-owned legal

Co. Ltd person 8.23% 94832294 15384832 NA 0

Dongguan Fruit Vegetable and Non- Domestic non-

staple Food Trading Market Co. Ltd state-owned legal 0.75% 8698216 0 NA 0

person

Hong Kong Securities Clearing Foreign legal

Corporation Limited person 0.49% 5636493 0 NA 0

Zhong Zhenxin Domestic natural

person 0.40% 4609900 0 NA 0

Sun Huiming Domestic natural

person 0.28% 3236352 0 NA 0

CMB - Southern CSI 1000 ETF Other 0.26% 3050400 0 NA 0

Chen Jiuyang Domestic naturalperson 0.26% 3000070 0 NA 0

CMB-Huaxia CSI 1000 ETF Other 0.17% 1913210 0 NA 0

Yan Gang Domestic naturalperson 0.16% 1864500 0 NA 0

Explanation of the Shenzhen SASAC directly holds 100% equity of Shenzhen Agricultural Power Group Co. Ltd. and

association or concerted holds 38.67% equity of Shenzhen Agricultural Products Group Co. Ltd. indirectly throughShenzhen Agricultural Power Group Co. Ltd.; The Company was not aware of any related

action among the relationship between other shareholders above and whether they are parties acting in concert as

aforesaid shareholders defined by the Measures for the Administration of Acquisition of Listed Companies.Explanation on the

participation in margin

trading and securities Nil

lending business(if any)

Shareholders with over 5% of shares top ten shareholders and top ten shareholders of un-restrict shares participate in the lending

of shares through refinancing

□ Applicable□Not applicable

The top 10 shareholders and the top 10 shareholders of un-restricted tradable shares have changed compared to the previous period

due to the reasons of lending/returning of shares through refinancing

4深圳市深粮控股股份有限公司2025年年度报告摘要

□Applicable □Not applicable

(2) Total number of preferred shareholders of the company and the shareholding of the top 10 preferred shareholders

□Applicable□Not applicable

There was no shareholding by preferred shareholders during the reporting period of the company.

(3) Property right and controlling relationship between the actual controller and the Company

Shenzhen Municipal People’s Government State-owned Assets Supervision

& Administration Commission

Shenzhen Agricultural Power Group Co. Ltd.Shenzhen Agricultural Products Group

Co. Ltd.Shenzhen Cereals Holdings Co. Ltd

5.Bonds remaining on the approval date of the annual report

□Applicable□Not applicable

III. Explanation on significant events

1. On August 18 2025 the Company’s Board of Directors received resignation reports from Mr. Zhao Rubing Ms. Bi Weimin

and Mr. Liu Haifeng independent directors of the Company. Having served as independent directors for six consecutive

years Mr. Zhao Rubing Ms. Bi Weimin and Mr. Liu Haifeng applied to resign from their positions as independent directors

of the 11th session of the Board of Directors of the Company and relevant positions in the special committees of the Board of

Directors. They will not hold any other positions in the Company after their resignation. On the same day the Company held

the 18th meeting of the 11th session of the Board of Directors which deliberated and approved the Proposal on Change of

Independent Directors. The Company agreed to nominate Ms. Mei Yuexin Mr. Zhang Sheng and Mr. Tao Ran as

independent directors of the 11th session of the Board of Directors to be submitted to the first extraordinary general meeting

of the Company in 2025 for deliberation and approval. For details please refer to the Announcement on Resignation and

Change of Independent Directors and the Announcement on Resolutions of the 18th Meeting of the 11th session of the Board

5深圳市深粮控股股份有限公司2025年年度报告摘要

of Directors published on Securities Times China Securities Journal Shanghai Securities News and webiste CNINFO

(www.cninfo.com.cn) on August 20 2025.

2. On September 5 2025 the Company held the first extraordinary general meeting in 2025 which deliberated and approved

the Proposal on Change of Independent Directors by item. The Company agreed to elect Ms. Mei Yuexin Mr. Zhang Sheng

and Mr. Tao Ran as independent directors of the 11th session of the Board of Directors. For details please refer to the

Announcement on Resolutions of the First Extraordinary General Meeting in 2025 published on Securities Times China

Securities Journal Shanghai Securities News and website CNINFO (www.cninfo.com.cn) on September 6 2025.

3. On November 13 2025 the Company held the second extraordinary general meeting in 2025 which considered and

approved the Proposal on Revising the Articles of Association of SZCH.The Company agreed to cancel the Board of

Supervisors. Ms. You Hongxia Ms. Liu Xinqin (supervisors) Mr. Zheng Shengqiao and Mr. Zenghai Ma (employee

supervisors) voluntarily resigned and will not hold any other positions in the Company after resignation. The statutory

functions and powers of the Board of Supervisors shall be exercised by the Audit Committee of the Board of Directors. The

Rules of Procedure of the Board of Supervisors shall be repealed accordingly and the provisions involving the Board of

Supervisors and supervisors in various management systems of the Company shall no longer apply.

4. On March 25 2025 the Company held the 13th meeting of the 11th session of the Board of Directors which deliberated and

approved the Proposal on Deliberating the Independent Legal Person Operation Project for the Management of Reserved

Grain and Oil Business and approved the project. For details please refer to the Announcement on the Resolutions of the

13th Meeting of the 11th session of the Board of Directors published on Securities Times China Securities Journal Shanghai

Securities News and website CNINFO (www.cninfo.com.cn) on March 26 2025.

5. On April 28 2025 the Company held the 14th meeting of the 11th session of the Board of Directors which deliberated and

approved the Proposal on the Investment Decision for the No. 2 Steel Structure Workshop of the Food Processing Project of

Dongguan Shenliang Logistics Co. Ltd. and approved the relevant investment decision. For details please refer to the

Announcement on the Resolutions of the 14th Meeting of the 11th session of the Board of Directors published on Securities

Times China Securities Journal Shanghai Securities News and website CNINFO (www.cninfo.com.cn) on April 29 2025.

6. On June 17 2025 the Company held the 16th meeting of the 11th session of the Board of Directors which deliberated and

approved the Proposal on the Investment Decision for the New Quality Productivity Technology Upgrade Project of

Beverage Tea of Shenbao Huacheng. The Company approved the investment in the construction of the project by its wholly-

owned subsidiary Shenbao Huacheng with a total investment amount not exceeding RMB 18.37 million. For details please

refer to the Announcement on the Resolutions of the 16th Meeting of the 11th session of the Board of Directors published on

Securities Times China Securities Journal Shanghai Securities News and website CNINFO (www.cninfo.com.cn) on June

182025.

7. On September 17 2025 the Company held the 20th meeting of the 11th session of the Board of Directors which deliberated

and approved the Proposal on SZCG Signing the Relocation Compensation Agreement for Phase I of the Xili High-Speed

Rail Hub and Related Projects Land Consolidation Project and Other Relevant Documents with Xili Sub-district Office. The

Company approved its wholly-owned subsidiary SZCG to sign the aforesaid agreement and other relevant documents with

Xili Sub-district Office. The proposal will be submitted to the Company’s general meeting of shareholders for deliberation

and approval only after the property replacement plan involved in the demolition and compensation is approved. For details

please refer to the Announcement on the Resolutions of the 20th Meeting of the 11th session of the Board of Directors and the

Announcement on SZCG Signing the Relocation Compensation Agreement for Phase I of the Xili High-Speed Rail Hub and

Related Projects Land Consolidation Project and Other Relevant Documents with Xili Sub-district Office published on

Securities Times China Securities Journal Shanghai Securities News and website CNINFO (www.cninfo.com.cn) on

September 18 2025.

6