深圳市深粮控股股份有限公司2026年半年度报告全文
深圳市深粮控股股份有限公司
SHENZHEN CEREALS HOLDINGS CO. LTD.SEMI-ANNUAL REPORT 2026
【August 2026】
1深圳市深粮控股股份有限公司2026年半年度报告全文
Section I. Important Notice Contents and Interpretation
The Board of Directors all directors and senior executives of SHENZHEN CEREALS HOLDINGS
CO. LTD. (hereinafter referred to as “the Company”) hereby confirm that there are no fictitious
statements misleading statements or important omissions carried in this report and shall take all
responsibilities individual and/or joint for the reality accuracy and completion of the whole contents.Principal of the Company Wang Zhikai Head of Accounting Lu Yuhe and Head of Accounting
Institution (Accounting Supervisor) Lu Chengjun hereby confirm that the Financial Report of Annual
Report 2025 is authentic accurate and complete.All Directors have attended the Board Meeting for deliberation of this Report.Concerning the forward-looking statements with future planning involved in the annual report they
do not constitute a substantial commitment for investors. Securities Times China Securities Journal，Shanghai Securities Journal and CNINFOWebsite (www.cninfo.com.cn) are the media appointed by the
Company for information disclosure. All information of the Company disclosed in the above mentioned
media should prevail. Investors are advised to exercise caution regarding investment risks.The Company has analyzed the risk factors that the Company may exist and its countermeasures in
the report. Investors are advised to read “Prospect for future development of the Company” in the
report of Section III Management Discussion and Analysis. This report has been prepared in Chinese
and English version respectively. In the event of difference in interpretation between the two versions
Chinese report shall prevail.The Company has no plan of cash dividend distributed no cash bonus and capitalizing of common
reserves either carried out.
2深圳市深粮控股股份有限公司2026年半年度报告全文
Contents
Section I. Important Notice Contents and Interpretation 2
Section II Company Profile and Main Financial Indexes 6
Section III Management Discussion and Analysis 9
Section IV Corporate Governance Environmental and Social Responsibilities 19
Section V. Important Events 21
Section VI. Changes in Shares and Particulars about Shareholders 25
Section VII. Corporate Bonds 29
Section VIII. Financial Report 30
3深圳市深粮控股股份有限公司2026年半年度报告全文
Documents Available for Reference
1. Text of financial statement with signature and seals of legal person person in charge of accounting works and person in
charge of accounting institution;
2. Original and official copies of all documents which have been disclosed in the reporting period;
3. Original copies of semi-annual report 2026 with signature of the company’s principal.
4深圳市深粮控股股份有限公司2026年半年度报告全文
Interpretation
Items Refers to Contents
SZCH/Listed Company /the
Company/Shenshenbao/Shenbao Company Refers to
Shenzhen Cereals Holdings Co. Ltd. originally named
“Shenzhen Shenbao Industrial Co. Ltd.”
SZCG Refers to Shenzhen Cereals Group Co. Ltd
Grain and Oil Purchase and Sales Branch Refers to Grain and Oil Purchase and Sales Branch of Shenzhen CerealsGroup Co. Ltd
Oil and Fat Branch Refer to Oil and Fat Branch of Shenzhen Cereals Group Co. Ltd.Shenzhen Flour the company Refers to Shenzhen Flour Co. Ltd
Dongguan Logistics Refers to Dongguan Shenliang Logistics Co. Ltd.Hualian Company Refers to Shenzhen Hualian Grain and Oil Trading Co. Ltd.SZCH Big Big Kitchen Refers to Shenzhen Shenliang Big Kitchen Food Supply Chain Co. Ltd
Doximi Refers to Shenzhen Shenliang Doximi Business Co. Ltd.Smart Warehousing Refers to Shenzhen Shenliang Smart Warehousing Co. Ltd.Shenliang Quality Inspection Refers to Shenliang Quality Inspection Co. Ltd.Shenliang Property Refers to Shenzhen Shenliang Property Development Co. Ltd.Shenbao Huacheng Refers to Shenzhen Shenbao Huacheng Technology Co. Ltd.Shenzhen Shenliang Food Refers to Shenzhen Shenliang Food Co. Ltd.Shenshenbao Investment Refers to Shenzhen Shenshenbao Investment Co. Ltd
Shuangyashan Refer to Shuangyashan Shenliang Cereals Base Co. Ltd.Shenyuan Data Refer to Shenzhen Shenyuan Data Tech. Co. Ltd
Shenzhen Agricultural Power Group Co. Ltd. originally named
Shenzhen Agricultural Power Group/Food Refers to Shenzhen Food Materials Group Co. Ltd Shenzhen Food GroupMaterial Group/Food Group/Fude Capital Co. Ltd and Shenzhen Fude State Capital Operation Co. Ltd. is
the controlling shareholder of the company
Agricultural Products Refers to Shenzhen Agricultural Products Group Co. Ltd
Shenzhen SASAC Refers to Shenzhen Municipal People’s Government State-owned AssetsSupervision & Administration Commission
CSRC Refers to China Securities Regulation Commission
SZSE Refers to Shenzhen Stock Exchange
Article of Association Refers to Article of Association of Shenzhen Cereals Holdings Co. Ltd.RMB/10 thousand Yuan Refers to CNY/ten thousand Yuan
Interpretation Refers to Contents of Interpretation
5深圳市深粮控股股份有限公司2026年半年度报告全文
Section II Company Profile and Main Financial Indexes
I. Company information
Short form for share SZCH Shenliang B Stock code 000019 200019
Listing stock exchange Shenzhen Stock Exchange
Chinese name of the
Company 深圳市深粮控股股份有限公司
Abbr. of Chinese name of the
Company 深粮控股
English name of the Company
(if applicable) SHENZHEN CEREALS HOLDINGS CO. LTD
Abbr. of English name of the
Company N/A
Legal Representative Wang Zhikai
II. Person/Way to contact
Secretary of the Board Rep. of security affairs
Name Chen Xiaohua Chen Kaiyue Liu Muya
Contact address 13/F Tower A World Trade Plaza No.9 13/F Tower A World Trade Plaza No.9Fuhong Rd. Futian District Shenzhen Fuhong Rd. Futian District Shenzhen
Tel. 0755-83778690 0755-83778690
Fax. 0755-83778311 0755-83778311
chenky@slkg1949.com
E-mail 000019@slkg1949.com
liumy@slkg1949.com
Note: Mr. Chen Xiaohua Secretary of the Board of the Company has reached the statutory retirement age and submitted a written resignation
report to the Company’s Board of Directors on July?31 2026. As of the date hereof the Company has not formally appointed a new Secretary of the
Board. During this period Mr. Wang Zhikai the Chairman of the Company shall act as Secretary of the Board on an interim basis. The
above?mentioned contact information remains unchanged.III. Other information
1. Company contact information
Has the registered address office address postal code website email address etc. of the company changed during the reporting period
□ Applicable □Not applicable
The registered address office address postal code website and email address of the company remained unchanged during the reporting period.Please refer to 2025 annual report for details.
2. Information disclosure and location
Has the information disclosure and location changed during the reporting period
□ Applicable□ Not applicable
The website and media name and website of the stock exchange where the company disclosed its semi-annual report and the place of placement of
the company’s semi-annual report remains unchanged during the reporting period as detailed in 2025 annual report.
3. Other relevant information
Is there any change in other relevant information during the reporting period
□ Applicable □Not applicable
6深圳市深粮控股股份有限公司2026年半年度报告全文
IV. Main accounting data and financial indexes
Is the Company required to retrospectively adjust or restate prior year’s accounting data
□ Yes □ No
Year-on-year
increase
Amount in current period Amount in last period (+)/decrease (-)
After adjustment
Operating income (RMB) 2387592343.77 2384227437.90 0.14%
Net profit attributable to
shareholders of the listed company 111864974.09 176015525.87 -36.45%
(RMB)
Net profit attributable to
shareholders of the listed company
after deducting non-recurring 85814589.18 158014905.62 -45.69%
gains/losses (RMB)
Net cash flow arising from
operating activities (RMB) -52881553.28 737278566.81 -107.17%
Basic earnings per share
(RMB/Share) 0.0971 0.1527 -36.41%
Diluted earnings per share
(RMB/Share) 0.0971 0.1527 -36.41%
Weighted average ROE 2.22% 3.51% -1.29%
Year-on-year
increase
Ending balance of current period Ending balance of last period (+)/decrease (-)
Total assets (RMB) 8013754737.16 7372342349.32 8.70%
Net assets attributable to
shareholder of listed company 4962151973.03 4988751158.32 -0.53%
(RMB)
V. Difference of the accounting data under accounting rules in and out of China
1. Difference of the net profit and net assets disclosed in financial report under both IAS (International Accounting
Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable □Not applicable
In RMB
Net profit Net asset
Current amount Last amount Ending balance Beginning balance
Under Chinese GAPP 111864974.09 176015525.87 4962151973.03 4988751158.32
Items and amount adjusted under IAS
Adjustment for other payable stock-market stabilization fund
1067000.001067000.00
Under IAS 111864974.09 176015525.87 4963218973.03 4989818158.32
2. Difference of the net profit and net assets disclosed in financial report under both foreign accounting rules and
Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable□Not applicable
7深圳市深粮控股股份有限公司2026年半年度报告全文
3. Explanation on data differences under the accounting standards in and out of China; as for the differences
adjustment audited by foreign auditing institute listed name of the institute
□ Applicable□ Not applicable
VI. Items and amounts of non-recurring gains/losses
□Applicable □Not applicable
In RMB
Item Amount Note
Gains/losses from the disposal of non-current
asset (including the written-off of accrued 3974345.36
impairment provision of assets)
Governmental subsidies reckoned into current
gains/losses (except for those with normal Mainly the resettlement
operation business concerned and conform to the compensation for
national policies & regulations and are enjoyed 30241325.01 Shuguang Grain Depot
according to certain standard and having a on a temporary basis.continuous impact on the company’s gains/losses)
Other non-operating income and expenditure
except for the aforementioned items 501580.31
Less: impact on income tax 8666865.77
Total 26050384.91
Other gains/losses that conform to the definition of non-recurring gains/losses:
□ Applicable□ Not applicable
The Company does not have other gains/losses that conform to the definition of non-recurring gains/losses.Information on the definition of non-recurring gains/losses listed in the Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Non-recurring Gains/Losses as Recurring Gains/Losses
□Applicable □Not applicable
The Company does not have any non-recurring gains/losses listed in the Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Non-recurring Gains/Losses as Recurring Gains/Losses.
8深圳市深粮控股股份有限公司2026年半年度报告全文
Section III Management Discussion and Analysis
I. 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 industrial chain layout of grain oil and food.The wholesale and retail business primarily operates basic grain and oil products including wheat rice paddy corn and edible oil mainly
satisfying 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 chain restaurant 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. Its beverages are mainly chrysanthemum tea lemon tea and others covering end ?user retail consumption. 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 DongguanLogistics Comprehensive Park integrates five coordinated functions including grain and oil terminals transit and storage. As the “National GrainQuality Monitoring Station 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.II. Core Competitiveness Analysis
The company enhances the endogenous power by deepening reform strengthens the “extensive” development by innovation cooperation and
continuously upgrades and transforms the governance pattern development quality and guarantee ability and has embarked on a path of sustainable
and high-quality development through self-innovation and become a highly competitive innovative and influential backbone grain enterprise in the
domestic grain industry.
1. Operation mechanism
The core management team of the company has rich experience and has a strong strategic vision and pragmatic spirit. Combined with the
actual development of the Company formulated a set of effective mechanisms to promote the quality and efficiency of business development. . In
business control built a specialized operational management system that spans the entire value chain of procurement warehousing rotation and sale
through the own information management system realizes link between the “operation” and “planning capital quality inspection inventory riskcontrol and discipline” to effectively reduce the operational risks while fully participating in the market competition and achieve deep integration of
“ensuring grain security” and “promoting development”. Through deeply promotes the strategy of “talent strengthening the enterprises”
continuously innovative talent training mechanism to creates a high-quality talent supply chain the company has established an open talent team to
9深圳市深粮控股股份有限公司2026年半年度报告全文
meet the long-term development of enterprises and reserve intelligence for the enterprise upgrading and development. Through the innovative
implementation of the performance appraisal mechanism establish an incentive?restraint assessment system featuring linkage between salary and
performance as well as differentiated classified assessment so as to stimulate the internal driving force for enterprise development. The company
insists on cultivating and advocating the corporate culture with “people-oriented performance first excellent quality and harmony” as the core
values combines the personal development goals of employees with the corporate vision and enhances the cohesiveness and centripetal force of the
enterprise.
2. Business model
The Company has a mature and efficient market-oriented grain and oil rotation mechanism. Through scientific control over inventory rotation
cycles grain and oil products can maintain consistent quality with regular stock renewal. While ensuring regional food security the Company
delivers improved economic returns and preserves and increases the value of state-owned assets. The company deeply engages in segmenting the
target market provides diversified product supply services for customers in different areas of the industry chain establishes a multi-level product
supply network covering online and offline and realizes the transformation of product supply to “remoteness intelligentization and self-service”. In
terms of grain and oil trading services the bulk commodity trading platform www.zglsjy.com.cn created by its subsidiary Hualian Company
efficiently integrates business flow logistics and information flow improves circulation efficiency and provides spot listings one-way bidding
basis price financing logistics quality inspection information and other services for internal business units suppliers and customers. In terms of e-
commerce SZCH Doximi actively promotes the development of new grain retail formats and the deep integration of online and offline e-commerce
platforms. In terms of group meal supply its subsidiary SZCH Big Kitchen has established a one-stop distribution service platform serving large end
customers providing high-quality and safe oil and grain services for group users such as enterprises schools and government institutions. For tea
beverage processing the Group’s subsidiary Shenbao Huacheng offers integrated solutions spanning product concept design through commercial
realization to food industrial beverage customers and foodservice fresh brew clients. The product lineup includes whole-leaf tea tea & plant extracts
concentrated tea liquids and instant tea which has built up a well market reputation.
3. Brand reputation
As a state-owned grain enterprise that has been deeply involved in the grain industry for decades the SZCH brand has been deeply integrated
into the urban grain security system and formed a good market reputation among upstream and downstream customers. The Company is a state-level
grain emergency support enterprise and a state-level leading enterprise supporting grain and oil industrialization and has won many honors such as
“China Top 10 Grain and Oil Group” and “Guangdong Provincial Government Quality Nomination Award”. The Company has been awarded the
highest "A" rating for information disclosure of listed companies on the main board of Shenzhen Stock Exchange for five consecutive years and its
standardized operation level has been continuously recognized by the market. The reputation and industry reputation of state-owned enterprise
formed by long-term market tests have provided strong support for the Company to expand the market and enhance its market competitiveness.
4. Information technology
The company attaches great importance to the transformation and upgrading of traditional industries with modern technological means and
actively introduces new-generation information technologies such as the Internet of Things cloud computing big data and mobile Internet into grain
management forming an information system that can cover the entire industrial chain of the grain industry and promoting the “Internet + Grain”industry development. The company took the lead in building the warehouse management of “standardization mechanization informatization andharmlessness” in the industry the self-developed “Grain Logistics Information System (SZCG GLS)” has built a framework for the construction of
grain informatization work innovated the grain management model led the development direction of the grain industry and became a benchmark
for the national grain industry. The project was awarded the “National IoT Major Application Demonstration Project” by the National Development
and Reform Commission and the Ministry of Finance. The company has undertaken a number of national-level research projects the results of a
number of informatization projects have won national provincial and municipal awards and dozens of information systems have been developed
and are operating normally.
5. R&D capabilities
The company has strong R&D capabilities in the field of food and beverage and gathers leading technological advantages and equipment systems.
10深圳市深粮控股股份有限公司2026年半年度报告全文
The subsidiary Shenbao Huacheng owns the Jiangxi provincial enterprise technology center Shenzhen municipal research and development center
(technology center) and Shenzhen plant deep processing technology engineering laboratory and have obtained national high-tech enterprise
certification. And also owns a number of patented technologies for tea powder tea concentrated juice and plant extraction independently researched
and developed and published dozens of scientific papers. and won a number of awards such as Science and Technology Progress Award of the
Ministry of Agriculture Shennong Chinese Agricultural Science & Technology Award of the Chines Society of Agriculture Science & Technology
Achievement Award of Chinese Academy of Agricultural Sciences Science and Technology Award of China National Light Industry Council
Zhejiang Science and Technology Award Jiangxi Science and Technology Progress Award and Shenzhen Science & Technology Progress Award
etc. presided over or participated in the preparation of several national standards and industry standards.
6. Quality control
The company implements grain and oil quality standards that are higher than national standards. The subsidiary Shenliang Quality Inspection
has been awarded honors including a National Level Grain Quality Monitoring Station a National Grain and Oil Standard Verification and Testing
Workstation a National Master Studio for Reserve Skills a Top Talent Studio in the Grain Industry of Guangdong Province and Five-Star Rating
in Site Management by the China Quality Association. It obtained the assessment certificate of agricultural product quality and safety inspection
agency (CATL) and the qualification certificate of inspection agency (CMA)and passed the certification of a number of testing capability items.Shenliang Quality Inspection possesses leading grain and oil inspection technologies and equipment in China’ grain industry lists pesticide residues
heavy metal pollutants fungal toxins and other hygiene indicators as well as food taste indicators in the daily inspection indicators. It has the ability
to detect four types of indicators of generic quality storage quality food security & quality and other four types of indicators of testing capacity.The detection capability can meet the relevant quality detection requirements of grain and oil products and can accurately analyze the nutritional
composition and hygienic indicators of the grain and determine its storage and edible quality. It has created the “digital laboratory” in the grain
industry real-time monitoring of the entire process of cuttings testing distribution etc. relying on collaborative platforms to save retrieve
integrate analyze and share grain and oil testing data to achieve 100% coverage of grain & oil product inspection.IV. Main business analysis
Overview
During the reporting period the Company adhered to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a
New Era and the core of ensuring grain security and promoting development solidly promoted the development planning steadily implemented
industrial upgrading based on its own industrial resources and actual business development and realize steady progress in operating performance.By the end of June 2026 the Company's total assets were 8.014 billion yuan and the asset-liability ratio was 38.06%. In the first half of the year the
Company achieved operating income of 2.388 billion yuan with a year-on-year increase of 0.14% and the total profit was 188.00 million yuan
with a year-on-year decrease of 14.22%. In the first half of 2026 the Company resolutely took the main responsibility of regional grain security
successfully completed the warehousing task of Shenshan Grain Depot to lay the foundation of grain security solidly; to strengthen the support of
industrial chain the Company strengthened the control of upstream grain sources through the construction of Shuangyashan Base and continuously
improved the supply chain coordination ability by the integration of ports and trades of Dongguan Logistics and Hualian Company so as tooptimize the integrated operation efficiency of "Production Purchase Storage Processing and Sales”; the Company continued to promote the
construction of major projects and empower industrial upgrading to strengthen the foundation and supply chain. Facing the severe and complicated
market situation the Company focused on its main business and operation and scheduling and persisted in tapping the potential inward and
expanding outward to ensure the healthy development of its businesses.
(1) Held the main responsibility of grain storage firmly and continuously consolidated the foundation of supply and demand. Focusing on the
core function of grain security and supply the Company adhered to the combination of overall planning and fine management and made
simultaneous efforts in reserve services warehousing layout management and control system quality and safety. In the first half of the year the
Company completed the Shenzhen-level grain and oil storage service with good quality and quantity and completed the grain storage task of
Shenshan Grain Depot one month ahead of schedule to systematically improve the level of grain storage management; optimized the storage layout
11深圳市深粮控股股份有限公司2026年半年度报告全文
smoothly and efficiently completed the transfer of Sungang Grain Depot and the acceptance of Pingshan Grain Depot and further rationalized the
storage layout of finished grain in the city to realize centralized management and control of core depots and overall allocation of resources and
significantly enhance the carrying capacity of core hubs; revised the quality and safety management methods of grain and oil refined the service
requirements of warehousing management and improved the grain storage management and control system to make the reserve management more
refined and standardized; Smart Warehousing promoted intelligent depot closing and aerial inspection equipment and Shenshan Grain Depot was
awarded the national demonstration carrier of integrated application of green grain storage technology to effectively implement the green grain
storage. In the first half of the year the Company successfully passed the special inspection of municipal grain and oil inventory achieving the
consistency of accounts and objects to ensure safe and stable grain storage and achieve standardized and effective warehousing management.
(2) Focused on the main business and continuously consolidated the foundation. Oil and Fat Branch accurately judged the market conditions
and seized the favorable price windows to achieve double growth in revenue and profit year-on-year; China Union set up a "Production Area –Northern Port - Sales Area” corn logistics channel to increase the sales of corn and rice and the sales and gross profit margin of "Shenliang
Shuangbao" rice simultaneously; Flour Company's integrated production and sales of wheat and flour was synergistic to increase the sales of civil
flour year-on-year iterate over a variety of industrial special flour and add a number of large grain processing customers; the terminal throughput
and container operation of Dongguan Logistics increased year-on-year and the park completed large-scale property investment and introduced
Yuanguxiang oat processing enterprise; Grain and Oil Purchase and Sales Branch deeply involved in the industrial rice track and continued to
expand the market outside the province to increase the purchase and sales scale of imported rice; Big Kitchen focused on catering and group meal
channels to increase the sales of its own rice brands steadily; Shenbao Huacheng bound KA (heading tea brand) customers and deepened the
cooperation of tea business to realize the first sale of a number of new products in the market; Shenzhen Shenliang Food stabilized the inherent
market expanded new channels and the launched new products effectively; Doximi integrated the product resources in the system as a whole to
increase the sales income of retail business and private brand year-on-year.
(3) Promoted project construction and stabilized growth momentum. Oil and Fat Branch cooperated to implement the Bright Edible Vegetable
Oil Reserve Project and completed some key tasks such as industry selection and land delisting. Dongguan Logistics improved the multi-modal
transportation supply chain system of grain and oil accelerated the preliminary proposal of the Mayong Berth Construction Project and continued
to promote the construction of the core logistics nodes of Greater Bay Area's northern grain transportation to the south and imported raw grain
transit; Shenbao Huacheng completed the installation and debugging of the new Quality Productivity Technology Upgrade Project of Beverage &
Tea and Matcha Production Line Project and actively promoted the construction of deep processing production line to enhance the competitiveness
of tea products; Shenliang Property completed the renovation of key properties in Sungang and World Trade Plaza to revitalize the idle property
space and continuously release the asset value.
(4) Strengthened brand building and enhanced marketing synergy. According to the brand development plan the Company took its
subordinate Doximi as the main body promoted the construction of marketing integration and focused on building the core brand of "Shenliang
Doximi".Doximi sorted out the brand system in the system as a whole integrated the product resources in the system optimized the product matrix
improved the dual-channel system of online shopping malls and offline government and enterprise welfare purchase participated in many large-
scale brand exhibition activities such as the Spring Festival Flower Market the Asia-Europe Expo etc. and promoted the products into the
enterprises offline to achieve accurate customer expansion won the well-known brand honor in Shenzhen and Bay Area and continuously increasedits brand influence and market penetration. With the two-wheel drive of "Health + Cultural and Creative” Doximi launched low GI rice to enhance
the added value of main grain products and jointly launched "Five Elements Tea" ready-made tea and retail tea bags with Peking University
Shenzhen Hospital. The sales quantity of the festival and creative gift box “Duanyang Naxi” reached a new high during the Dragon Boat Festival
and the series of "Rich Wedding Ceremony" "Four Happiness in Life" and "Happy Wine Ganhong" accurately covered the gift-giving banquet
scenes. In the first half of the year the sales income of retail business of Doximi increased by 18% year-on-year.Year-on-year changes in major financial data
In RMB
Current period Last period YoY increase Reason for change
(+)/decrease (-)
12深圳市深粮控股股份有限公司2026年半年度报告全文
Operating income 2387592343.77 2384227437.90 0.14%
Mainly due to higher warehouse rental and
Operating cost 2001143742.85 1942145136.11 3.04% increased Grain Depot operating costs for theShenshan Grain Depot and Pingshan Grain Depot
in the current period.Mainly due to the internal integration of
Sales expense 57627021.33 60709520.71 -5.08% marketing businesses as well as the adjustment ofcoupon discounts to operating costs in accordance
with the new accounting standards.Mainly due to an increase in the Company’s
Administration expense 109347179.39 101939577.47 7.27% accrued compensation expenses compared with
the previous year.Mainly due to lower overall financing costs
Financial expense 14873737.90 19041945.47 -21.89% resulting from the adoption of financinginstruments including letters of credit and bank
acceptance bills.Mainly because the special- purpose fiscal funds
obtained by the Company in the current year were
Income tax expense 76464688.10 43337305.16 76.44% directly recognized in taxable income for the
reporting period leading to a year- on- year rise in
accrued income tax expenses.Mainly due to the Company’s increased R&D
R&D expense 12359981.00 10208632.21 21.07% investment in deep-processing businesses such as
flour and tea beverages.Cash flows arising from Mainly due to higher grain and oil procurement
-52881553.28 737278566.81 -107.17% expenditures and tax payments incurred by the
operating activities Company in the current period.Mainly attributable to increased cash outflows for
the acquisition of land for the Shenzhen Edible
Cash flows arising from Vegetable Oil Reserve Depot (Guangming)
-60736896.33 47631825.95 -227.51% Project and the equity purchase of Shenyuan Data
investing activities in the current period together with the absence of
cash inflows from the disposal of Huizhou land
recorded in the same period of the prior year.Mainly due to a year- on- year rise in the
Company’s grain and oil procurement volume
Cash flows arising from
127465537.49 -770936644.64 116.53% the operating cash outflows rose and the
financing activities Company therefore increased short- term
borrowings; meanwhile cash outflows for
repayment of short- term borrowings decreased.Net increase of cash and cash
13660996.2413913927.82-1.82%
equivalents
There have been significant changes in the component or sources of profits during the reporting period of the company
□Applicable □Not applicable
There have been no significant changes in the composition or sources of profits during the reporting period of the company.Component of operating income
In RMB
Current period Last period YoY increase
Amount Ratio in operating Amount Ratio in operating (+)/decrease (-)income income
Total operating
2387592343.77100%2384227437.90100%0.14%
income
By industries
Wholesale and retail 1511080461.87 63.29% 1523443008.24 63.90% -0.81%
Leasing and business
services 492511165.69 20.63% 505582681.67 21.21% -2.59%
Manufacturing 384000716.21 16.08% 355201747.99 14.90% 8.11%
By products
Grain & oil trading 1752956984.90 73.42% 1719517762.28 72.12% 1.94%
13深圳市深粮控股股份有限公司2026年半年度报告全文
and processing
Grain & oil storage
logistics and services 423831572.73 17.75% 429859561.10 18.03% -1.40%
Food beverage and
tea processing 142124193.18 5.95% 159126993.95 6.67% -10.69%
Leasing and others 68679592.96 2.88% 75723120.57 3.18% -9.30%
By region
Domestic market 2366160157.37 99.10% 2370132495.12 99.41% -0.17%
Oversea market 21432186.40 0.90% 14094942.78 0.59% 52.06%
Industries products or regions that account for more than 10% of the operating income or operating profit of the Company
□ Applicable □Not applicable
In RMB
YoY increase YoY increase YoY increase
Operating income Operating cost Gross (+)/decrease (-) of (+)/decrease (-) of (+)/decrease (-)profit ratio operating revenue operating cost of gross profitratio
By industry
Wholesale and
1511080461.871457109050.663.57%-0.81%-0.83%0.01%
retail
By product
Grain & oil
trading and 1752956984.90 1690048161.25 3.59% 1.94% 2.06% -0.11%
processing
By region
Domestic market 2366160157.37 1978959140.30 16.36% -0.17% 2.45% -2.13%
In the event that the statistical caliber of the company’s main business data is adjusted during the reporting period the main business data of the
company has been adjusted according to the caliber at the end of the reporting period in the past year.□ Applicable □Not applicable
IV. Analysis of non-main business
□Applicable □Not applicable
In RMB
Amount Ratio in totalprofit Description of formation
Sustainable or
not(Y/N)
Investment income 2521342.14 1.34% N
Gains/losses of fair
value variation 0.00 0.00% N
Mainly due to the downward trend in prices of some grain and
oil varieties provisions for inventory depreciation are made on
Asset impairment the basis of market prices. When goods for which provisions-27159728.66 -14.44% N
for inventory depreciation have been made the provision for
inventory depreciation withdrawn will be carried forward to
offset current costs.Non-operating income 1025960.26 0.55% N
Non-operating expense 368840.47 0.20% N
V. Analysis of assets and liabilities
1. Major changes of assets component
In RMB
End of current period End of last financial period Ratio
Ratio in Ratio in changes Notes of major changesAmount total assets Amount total assets
14深圳市深粮控股股份有限公司2026年半年度报告全文
Monetary fund 86677756.55 1.08% 74207045.75 1.01% 0.07%
Account
receivable 215084754.25 2.68% 185600881.90 2.52% 0.16%
Contract assets 0.00%
Inventory 4253535575.66 53.08% 3968883163.28 53.83% -0.75%
Investment real
estate 224057435.11 2.80% 231882055.05 3.15% -0.35%
Long-term equity
investment 39600461.91 0.49% 43217315.89 0.59% -0.10%
Fix assets Mainly due to the increase in1958583048.79 24.44% 1993966742.36 27.05% -2.61%
depreciation of fixed assets
Construction in
progress 71035610.36 0.89% 51951405.25 0.70% 0.19%
Mainly due to the recognition
of the right?of?use asset for
the newly?added Shenshan
Right-of-use
assets 447069548.90 5.58% 54801538.67 0.74% 4.84% Grain Depot together with the
corresponding lease liability
in the current reporting
period.Mainly due to increased
Short-term loans 1710960395.75 21.35% 1155754328.18 15.68% 5.67% borrowings for inventory
purchases.Contract liability 93309336.33 1.16% 77779348.91 1.06% 0.10%
Long-term loans 0.00%
Mainly due to the recognition
of the right?of?use asset for
the newly?added Shenshan
Lease liability 339181114.63 4.23% 29468268.66 0.40% 3.83% Grain Depot together with the
corresponding lease liability
in the current reporting
period.
2. Major oversea assets
□ Applicable□ Not applicable
3. Assets and liabilities measured at fair value
□ Applicable ? Not applicable
4. The assets rights restricted till end of the period
At the period-end the monetary funds restricted to use which are letter of credit deposit and guarantee deposit amounted to 3090418.00 yuan.VI. Investment analysis
1. Overall situation
□ Applicable □ Not applicable
Investment in reporting period (RMB) Investment in the same period of last year(RMB) Changes (+/-)
252863620.00290622568.04-12.99%
2. The major equity investment obtained in the reporting period
□ Applicable ? Not applicable
15深圳市深粮控股股份有限公司2026年半年度报告全文
3. The major non-equity investment performed in the reporting period
□ Applicable ? Not applicable
4. Financial assets investment
(1) Securities investment
□ Applicable ? Not applicable
The Company has no securities investment in the Period
(2) Derivative investment
□ Applicable□Not applicable
The Company has no derivatives investment in the Period
5. Application of raised proceeds
□ Applicable□Not applicable
There was no use of raised funds during the reporting period of the company.VII. Sales of major assets and equity
1. Sales of major assets
□ Applicable □Not applicable
The Company had no sales of major assets in the reporting period.
2. Sales of major equity
□ Applicable□ Not applicable
VIII. Analysis of main holding companies and stock-jointly companies
□ Applicable □Not applicable
Particular about main subsidiaries and stock-jointly companies net profit over 10%
In RMB
Company name Type Main business Register Operating Operatingcapital Total assets Net assets income profit Net profit
Shenzhen Grain & oil trading
Cereals Group Subsidiary processing grain and oil 1530000000 7197185248.30 3121966054.34 2065408539.25 125385272.12 54130639.42
Co. Ltd reserve service
Particular about subsidiaries obtained or disposed in reporting period
Applicable ? Not applicable
Explanation on main holding/stock-jointly companies:
Shenzhen Cereals Group Co. Ltd: Business scope: general business items: grain and oil purchase and sales grain and oil storage; grain and oil and
products management and processing (operated by branches); operation and processing of feed (operated by outsourcing); investment in grain and
oil feed logistics projects; establishing grain and oil and feed trading market (including e-commerce market) (market license is also available);
storage (operated by branches); development operation and management of free property; providing management services for hotels; investing and
setting up industries (specific projects are separately declared); domestic trade; engaging in import and export business; E-commerce and
information construction; and grain circulation service. Licensed business items: the following projects shall be operated only with the relevant
examination and approval documents if they are involved in obtaining approval: information services (internet information service only); general
16深圳市深粮控股股份有限公司2026年半年度报告全文
freight professional transport (refrigerated preservation). Register capital is 1530000000.00 yuan. As of the end of current period total assets
reached 7197185248.30 yuan and net assets amounted to 3121966054.34 yuan and shareholders’ equity attributable to parent company
was 2816274484.77 yuan; in the reporting period the operation revenue net profit and net profit attributable to shareholder of parent company
were 2065408539.25 yuan 54130639.42 yuan and 54004301.48 yuan respectively.IX. Structured vehicle controlled by the Company
□ Applicable□ Not applicable
X. Possible risks and countermeasures
1. Risk of the procurement and sale price fluctuations of grain and oil
International geopolitical conflicts extreme weather and other uncertain external factors may lead to large procurement and sale price
fluctuations of grain and oil at home and abroad with big structural differences. The aforementioned risks may affect the company's profitability
and lead to fluctuations in inventory value.The company will actively respond to the risk of grain and oil price fluctuations by strengthening market forecast establishing strategic
cooperation refining procurement and sales management strengthening internal coordination and optimizing product structure.
2. Food safety risks
"Quality and safety" is the lifeline of enterprise's sustainable development and an insurmountable red line. The regulatory authorities have
promulgated a series of laws and regulations on food safety hazards enterprise responsibilities production management compliance quality and
safety inspection risk monitoring and control to implement the "Four Strictest" requirements of food safety management.According to the regulatory requirements and the actual management the company has issued and strictly implemented the Measures for the
Administration of Food Quality and Safety of SZCH. As the superior system of the company's food safety management the system covers the
quality management of grain oil and non-grain foods comprehensively clarifies the responsibilities of key posts and strengthens the supervision of
key links to ensure that food products meet the quality standards hygiene standards and relevant regulations.
3. Risk of intensified market competition
As a representative enterprise of regional grain oil and food business the company still has a certain gap in scale and brand awareness
compared with central enterprises and large multinational grain oil and food enterprises. In the future the competition in the grain oil and food
industry will become increasingly fierce. If the company cannot effectively promote its own brand and broaden its marketing channels it may face
greater risks under fierce market competition.In view of possible market and operational risks on the one hand the company will make an overall plan for annual procurement and carefully
optimize procurement channels to ensure adequate and orderly supply of grain; on the other hand the company will continue to strengthen
communication with upstream and downstream customers in the industrial chain vigorously expand sales channels focus on customer needs
deepen brand and services and enhance the brand value and competitiveness; in addition the company will promote brand building strengthen
brand exchanges and cooperation within the industry open up high-quality brand element resources create unified brand application norms and
gradually establish brand advantages.XI. The formulation and implementation of the market capitalization management system and valuation
enhancement plan
Whether the company formulated a market capitalization management system or not
?Yes□No
Whether the company disclosed the valuation enhancement plan or not
17深圳市深粮控股股份有限公司2026年半年度报告全文
□Yes□No
To strengthen the company's market value management effectively promote the enhancement of the company's investment value increase
investor returns and safeguard investor interests the Market Value Management System was formulated in accordance with laws and regulations
such as the Company Law the Securities Law the Measures for the Administration of Information Disclosure by Listed Companies the Listed
Company Supervision Guidelines No.?10?–?Market Value Management as well as the provisions of the Articles of Association and based on the
actual situation of the company. It was reviewed and adopted at the 21st meeting of the 11th session of the Board of Directors. Its main contents
include the basic principles of market value management market value management institutions and personnel main methods of market value
management monitoring and early warning mechanisms and emergency measures. For details please refer to the Market Value Management
System disclosed on CNINFO Website (www.cninfo.com.cn) on October?28?2025.To enhance the Company’s investment value and capacity for shareholder returns promote reasonable reflection of the Company’s intrinsic
value in line with its operating fundamentals boost investor confidence safeguard the interests of all shareholders and facilitate high?quality
development of the Company the Company has formulated a valuation?enhancement plan covering operational improvement cash dividend
distribution investor?relations management information disclosure and standardized operation. For details please refer to the Company
Valuation?Enhancement Plan published on August 25 2026 in the Securities Times China Securities Journal Shanghai Securities News and on
CNINFO (www.cninfo.com.cn).XII. Implementation of the Action Plan for “Double Improvement of Quality and Return”
Whether the company disclosed the Action Plan for “Double Improvement of Quality and Return” or not
?Yes□No
Based on its actual operation the Company formulated the Action Plan for "Dual Improvement of Quality and Return". It planned to improve
corporate quality and shareholder return capacity by focusing on its core business enhancing operation quality improving corporate governance
attaching importance to shareholder return strengthening investor communication and conducting high-standard information disclosure. For details
please refer to the Announcement on the Action Plan for "Dual Improvement of Quality and Return" disclosed on CNINFO website
(www.cninfo.com.cn) disclosed on April 28 2026.During the reporting period various measures of the Company's action plan of "Double Improvement of Quality Returns" were solidly
promoted. Firstly the Company focused the main business and comprehensively enhanced its core competitiveness; secondly the Company speeded
up the cultivation of new quality productive forces and steadily enhanced comprehensive strength; thirdly the Company continuously improved the
corporate governance system and the standard operation level; fourthly the Company continued to stabilize dividends and enhanced investors' sense
of gain; Fifthly the Company strengthened information disclosure and investment management and actively conveyed the Company`s value. For
details please refer to the Company's Progress Report on the Action Plan of "Double Improvement of Quality Returns" published in the Securities
Times China Securities Journal Shanghai Securities News and on CNINFO (www.cninfo.com.cn) disclosed onAug. 25 2026.
18深圳市深粮控股股份有限公司2026年半年度报告全文
Section IV Corporate Governance Environmental and Social
Responsibilities
I. Changes in directors and senior executives
□Applicable □ Not applicable
There are no changes in directors and senior executives. Refer to 2025 annual report for details.II. Profit distribution plan and capitalizing of common reserves plan for the Period
□Applicable □Not applicable
The Company has no plan of cash dividend distributed no cash bonus and capitalizing of common reserves either carried out.III. Implementation of the Company’s stock incentive plan employee stock ownership plan or other
employee incentives
□Applicable □Not applicable
The company didn’t implement stock incentive plan employee stock ownership plan or other employee incentives.IV. Environment information disclosure
Are the listed company and its major subsidiaries included in the list of enterprises required to disclose environment information in accordance with
laws
□ Yes □ No
Number of enterprises included in the list of enterprises required to disclose environmental
information in accordance with laws
Query index for the report on environmental
SN Enterprise name
information disclosure in accordance with laws
Department of Ecology and Environment of
Guangdong Province - Enterprise Environmental
Dongguan International Food Industrial Park
1 Information Disclosure System in Accordance
Development Co. Ltd.with the Law
https://gdee.gd.gov.cn/gdeepub/front/dal/report/list
V. Social responsibility
In the first half of 2026 the Company thoroughly implemented the superior's decision-making arrangements on promoting the comprehensive
revitalization of rural areas actively integrated into the overall situation of the "Project for High-Quality Development of Hundreds of Counties
Thousands of Towns and Ten Thousand Villages" to continuously consolidate and expand the achievements of poverty alleviation and effectively
connect with rural revitalization. In terms of fixed-point assistance based on the unified deployment of superiors the selected backbone forces
continued to participate in the assistance work of Longtian Town and Chaozhou Headquarters in Shantou City to support the implementation of
various tasks for local rural revitalization. In terms of industrial assistance the Company focused on upstream planting raw material purchase and
sales channel construction to promote industrial assistance in the whole chain. The subsidiary Hualian Company deeply involved in the
construction of upstream bases the subsidiary Shuangyashan Company jointly built a grain planting base with 597# Farm to deepen the exchange of
industrial resources enhance the traceability of products and build the brand of "Shenliang Shuangbao"; Shenbao Huacheng took bulk raw material
purchase as an important starting point and purchased 134.75 tons of raw materials in the assistance regions of Yunnan in the first half of the year to
enhance some power into industrial development and increasing farmers' income in the regions. Doximi relied on "Xunwei Kitchen" to introduce 7
19深圳市深粮控股股份有限公司2026年半年度报告全文
new products with regional characteristics such as Volcanic rice enriched the supply matrix of high-quality agricultural products and relied on the
platform of double shopping malls to carry out multiple marketing activities to enhance online shopping capacity and simultaneously promoted
offline activities in enterprises and institutions to accurately meet the needs of B-end customers and effectively expand the sales path of
agricultural products in assistance regions.The Company will continue to play the role of "from Field to Table" platform link and promote the deepening of industrial assistance to ensure
regional grain security and help rural revitalization.
20深圳市深粮控股股份有限公司2026年半年度报告全文
Section V. Important Events
I. Commitments completed in Period and those completed till the end of the Period from actual
controller shareholders related parties purchaser and companies
□Applicable ? Not applicable
There are no commitments which are not completed in Period and those completed till the end of the Period from actual controller shareholders
related parties purchaser and companies.II. Non-operational fund occupation by controlling shareholders and their related parties
□ Applicable□ Not applicable
No non-operational fund occupation by controlling shareholders and their related parties in period.III. External guarantee out of regulations
□ Applicable □ Not applicable
No external guarantee out of the regulations occurred in the period.IV. Appointment and dismissal of CPA
Has the semi-annual financial report been audited
□ Yes ? No
The company's semi-annual report has not been audited.V. Explanation from the BOD the board of supervisors and independent directors (if applicable) for
“Qualified Audit Opinion” issued by CPA
□ Applicable□Not applicable
VI. Explanation from the BOD for “Qualified Audit Opinion” of last period
□ Applicable□Not applicable
VII. Bankruptcy reorganization
? Applicable□Not applicable
On November 28 2025 the Binjiang District People's Court of Hangzhou accepted the bankruptcy liquidation application of Shanghai
Baoyan Catering Co. Ltd. for Hangzhou Fuhaitang Catering Management Chain Co. Ltd. (hereinafter referred to as "Fuhaitang Catering") a
wholly-owned subsidiary of the Company and appointed the bankruptcy liquidation administrator on December 2 2025. On December 16 2025
the assets account books and seals of Fuhaitang Catering were handed over to the bankruptcy liquidation administrator and the industrial and
commercial cancellation will be handled after the Binjiang District People's Court decides to declare the bankruptcy. By the end of the reporting
period Fuhaitang Catering had the total book assets of 122000.00 yuan the liabilities of 4256200.00 yuan and the net assets of -4134200 yuan
which were insolvent. The bankruptcy liquidation of Fuhaitang Catering will not affect the production and operation of the Company's existing
businesses.VIII. Lawsuits
Material litigation and arbitration matters
□ Applicable ? Not Applicable
21深圳市深粮控股股份有限公司2026年半年度报告全文
During the reporting period the company has no material litigation or arbitration matters.Other litigation matters
? Applicable □ Not Applicable
Amount
Lawsuits involved(in 10 Resulting in an Result and Execution Disclosure Disclosure(arbitration) thousand accrual liability (Y/N)
Progress influence of judgment date index
yuan)
The Company
As of June 30 actively makes use
2026 other of the
lawsuits that did advantageous
not meet the resources of
disclosure internal legal After
standards for affairs and external comprehensive
significant laws firm to follow analysis the result
lawsuits mainly up and deal with of the cases It is
included disputes 6888.02 N the lawsuit-related involved in the actively - -
disputes arising cases. At present lawsuits will not advancing
from property the Company is have a significant
service contracts responding to and impact on the
construction dealing with the Company
contracts and cases effectively in
lease contracts accordance with
etc. relevant laws and
regulations
IX. Penalty and rectification
□ Applicable□Not applicable
No penalty and rectification for the Company in reporting period.X. Integrity of the Company its controlling shareholder and actual controller
□ Applicable□Not applicable
XI. Major related transaction
1. Related transaction with routine operation concerned
□ Applicable□ Not applicable
The company had no related transaction with routine operation concerned at the end of the reporting period.
2. Assets or equity acquisition and sales of assets and equity
□ Applicable□ Not applicable
The company had no assets or equity acquisition and sales of assets and equity at the end of the reporting period.
3. Related transaction of joint external investment
□ Applicable□Not applicable
No related transaction of joint external investment occurred in the period
4. Related credits and liabilities
□ Applicable□ Not applicable
No related credits and liabilities occurred in period
22深圳市深粮控股股份有限公司2026年半年度报告全文
5. Contact with the related finance companies
□ Applicable□Not applicable
There are no deposits loans credits or other financial businesses between the finance companies with associated relationship and related parties
6. Transactions between the finance company controlled by the Company and related parties
□ Applicable □ Not applicable
There are no deposits loans credits or other financial business between the finance companies controlled by the Company and related parties
7. Other major related transaction
□ Applicable□Not applicable
No other major related transaction in the Period.XII. Significant contract and implementation
1. Trusteeship contract and leasing
1) Trusteeship
□ Applicable□Not applicable
No trusteeship for the Company in reporting period
2) Contract
□ Applicable□Not applicable
No contract for the Company in reporting period
3) Leasing
□ Applicable□Not applicable
No leasing in the Period
2. Major guarantee
□Applicable ? Not applicable
There is no major guarantee in reporting period.
3. Entrusted financing
□ Applicable ?Not applicable
There is no entrusted financing in reporting period.
4. Other material contracts
□ Applicable□ Not applicable
No other material contracts in the period.XIII. Reception of research communication and interview during the reporting period
□Applicable □Not applicable
Reception time Reception place Reception mode Reception object Reception Main content Index of basictype Object talked about and situation of
23深圳市深粮控股股份有限公司2026年半年度报告全文
materials provided research
For details please
refer to the“InvestorCommunication
Online Value Network platform 2025 annual Record Form of
May 19 2026 www.ir-online.cn online Other All investors performance the Companycommunication briefing disclosed on
CNINFO
(www.cninfo.com. cn) on May
192026
XIV. Explanation on other significant events
□Applicable ? Not applicable
There are no other significant events to be enplaned.XV. Significant event of subsidiaries of the Company
?Applicable □Not applicable
1. On?March?31 2026 the Company convened the 23rd meeting of the 11th session of its Board of Directors deliberated and approved the
Proposal on the Deliberating the Acquisition of 60% Equity in Shenzhen Shenyuan Data Tech. Co. Ltd. and agreed the Company’ s
acquisition of 60% equity in Shenzhen Shenyuan Data Tech. Co. Ltd. For details please refer to the Announcement on the Resolution of the
23rd Meeting of the 11th Session of the Board of Directors of the Company published on?April?1 2026 in the Securities Times China Securities
Journal Shanghai Securities News and on CNINFO (www.cninfo.com.cn). As of the end of the reporting period the delisting procedure for
the acquisition of 60% equity in Shenyuan Data had been completed. The Company has signed a Property Rights Transaction Contract with the
transferor and obtained the property rights transaction certificate issued by the Shanghai United Assets and Equity Exchange.
2. On?April?24 2026 the Company held the 24th meeting of the 11th session of its Board of Directors deliberated and approved the Proposal on
Capital Increase in Dongguan Shenliang Logistics Co. Ltd. approving that the Company and its wholly-owned subsidiary Shenzhen Cereals
Group Co. Ltd (hereinafter referred to as “SZCG”) make a cash capital increase of 202.00?million yuan to Dongguan Shenliang Logistics Co.Ltd. (hereinafter referred to as “Dongguan Logistics”) in proportion to their respective existing equity holdings. For details please refer to the
Announcement on the Resolution of the 24th Meeting of the 11th Session of the Company’s Board of Directors published on?April?28 2026 in
the Securities Times China Securities Journal Shanghai Securities News and on CNINFO (www.cninfo.com.cn). As of the end of the
reporting period the Company and SZCG had completed the capital increase in Dongguan Logistics in accordance with their equity ratios. The
registered capital of Dongguan Logistics was increased from 298.00 million yuan to 500.00?million yuan.
3. On?June?12 2026 the Company convened the 25th meeting of the 11th session of its Board of Directors which deliberated and approved the
Proposal on Investment in the Shenzhen Edible Vegetable Oil Reserve Depot (Guangming) Project approving the Company to invest in and
construct the Shenzhen Edible Vegetable Oil Reserve Depot (Guangming) Project. For details please refer to the Announcement on the
Resolution of the 25th Meeting of the 11th Session of the Company’s Board of Directors and the Announcement on the Company’s Investment
in the Shenzhen Edible Vegetable Oil Reserve Depot (Guangming) Project published on?June13?2026 in the Securities Times China Securities
Journal Shanghai Securities News and on CNINFO (www.cninfo.com.cn). As of the end of the reporting period Shenliang Hongli Grain and
Oil (Shenzhen) Co. Ltd the operating and implementing entity of the Project had successfully obtained the land use right of the project plot
through the land listing bidding procedure.
24深圳市深粮控股股份有限公司2026年半年度报告全文
Section VI. Changes in Shares and Particulars about Shareholders
I. Changes in shares
1. Changes in shares
Unit: Share
Before the Change Increase/Decrease in the Change (+/ -) After the Change
New
Amount Proportion shares Bonus
Capitalization
shares of public Others Subtotal Amount Proportionissued reserve
I. Restricted
shares 684579567 59.40% 0 0 0 -2500 -2500 684577067 59.40%
1. State-owned
shares 0 0.00% 0 0 0 0 0 0 0.00%
2. State-owned
corporate 684569567 59.40% 0 0 0 0 0 684569567 59.40%
shares
3. Other
domestic shares 10000 0.00% 0 0 0 -2500 -2500 7500 0.00%
Including:
Domestic legal 0 0.00% 0 0 0 0 0 0 0.00%
person’s shares
Domestic nature
person’s shares 10000 0.00% 0 0 0 -2500 -2500 7500 0.00%
4. Foreign
shares 0 0.00% 0 0 0 0 0 0 0.00%
Including:
Foreign 0 0.00% 0 0 0 0 0 0 0.00%
corporate shares
Overseas nature
person’s share 0 0.00% 0 0 0 0 0 0 0.00%
II. Unrestricted
shares 467955687 40.60% 0 0 0 2500 2500 467958187 40.60%
1. RMB
common shares 416206407 36.11% 0 0 0 2500 2500 416208907 36.11%
2. Domestic
listed foreign 51749280 4.49% 0 0 0 0 0 51749280 4.49%
shares
3. Foreign listed
foreign shares 0 0.00% 0 0 0 0 0 0 0.00%
4. Other 0 0.00% 0 0 0 0 0 0 0.00%
III. Total shares 1152535254 100.00% 0 0 0 0 0 1152535254 100.00%
Reasons for changes in share
? Applicable□ Not applicable
During the reporting period the number of restricted shares held by Ms. You Hongxia former supervisor of the Company decreased. As a result the
Company’s restricted shares decreased by 2500 shares and unrestricted shares increased by 2500 shares at the end of the reporting period while the
Company’s total share capital remained unchanged.Approval of changes in share
□ Applicable□ Not applicable
25深圳市深粮控股股份有限公司2026年半年度报告全文
Ownership transfer of changes in share
□ Applicable□ Not applicable
Implementation progress of share repurchase
□ Applicable□ Not applicable
Implementation progress of reducing repurchased shares by concentrated auction method
□ Applicable□ Not applicable
Influence of changes in share on basic EPS diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of the Company in latest year and period
□ Applicable□ Not applicable
Other information necessary to be disclosed in the viewpoint of the Company or that required to be disclosed by securities regulators
□ Applicable□ Not applicable
2. Changes in restricted shares
? Applicable□Not applicable
In share
Number of Number of Number of Number of
Name of Restricted Shares Restricted Shares Additional Restricted Shares Reason for
Unlocking Date
Shareholder at the Beginning Unlocked during Restricted Shares at the End of Restriction
of Period the Period during the Period Period
Share
restriction due
to departure
You Hongxia 10000 2500 0 7500 May 4 2027
prior to expiry
of term of
office
Total 10000 2500 0 7500 -- --
II. Securities issuance and listing
□ Applicable□Not applicable
III. Number of shareholders and particulars about shares holding
Unit: Share
Total common stock Total preferred shareholders with voting rights recovered
shareholders at the end 39173 at end of reporting period (if applicable) (refer to Note 8) 0
of reporting period
Particulars about shares held above 5% by shareholders or top ten shareholders (Excluding shares lent through refinancing)
Total shares Information of shares
Nature of Proportion held at the end Changes in Quantity of Quantity of pledged tagged orName of Shareholders shareholder of shares of reporting reporting restricted unrestricted frozenheld period period shares held shares held State ofshare Quantity
Shenzhen Agricultural State-owned
Power Group Co. Ltd. legal person 63.79% 735237253 0 669184735 66052518 NA 0
Shenzhen Agricultural State-owned 8.23% 94832294 0 15384832 79447462 NA 0
26深圳市深粮控股股份有限公司2026年半年度报告全文
Products Group Co. Ltd legal person
Dongguan Fruit Domestic
Vegetable and Non- non-state-
staple Food Trading owned legal 0.75% 8698216 0 0 8698216 Pledge 8698216
Market Co. Ltd person
China Construction Bank
Corporation-Orient
Securities Asset
Management CSI
Dongfanghong Dividend Others 0.34% 3866500 3866500 0 3866500 NA 0
Low-Volatility Index
Securities Investment
Fund
Xu Zhuangcheng Domestic
nature 0.30% 3470600 3470600 0 3470600 NA 0
person
Sun Huiming Domestic
nature 0.28% 3236352 0 0 3236352 NA 0
person
Chen Jiuyou Domestic
nature 0.28% 3180070 180000 0 3180070 NA 0
person
Zhu Quxiu Domestic
nature 0.20% 2338800 2338800 0 2338800 NA 0
person
Hong Kong Securities
Clearing Company Oversealegal person 0.20% 2337017 -3299476 0 2337017 NA 0Limited
Domestic
Zhong Zhenxin nature 0.17% 2000000 -2609900 0 2000000 NA 0
person
Strategy investors or general legal person
becoming top 10 common shareholders
due to rights issue (if applicable) (see Nil
note 3)
Explanation on associated relationship Shenzhen SASAC directly holds 100% equity of Shenzhen Agricultural Power Group Co. Ltd. and
among the aforesaid shareholders holds 38.67% equity of Shenzhen Agricultural Products Group Co. Ltd. indirectly through Shenzhen
Agricultural Power Group Co. Ltd.; The Company was not aware of any related relationship between
other shareholders above and whether they are parties acting in concert as defined by the Acquisition
Management Method of Listed Company.Description of the above shareholders
involved with delegating/entrusted
voting rights and abstention from voting Nil
rights.Special note on the repurchase account
among the top 10 shareholders (if Nil
applicable) (see Note 11)
Particular about top ten shareholders holding unrestricted shares (Excluding shares lent through refinancing locked-up shares for senior executives)
Quantity of unrestricted shares held at Type of sharesShareholders’ name period-end Type Quantity
Shenzhen Agricultural Power Group Co. Ltd. 79447462 RMB common shares 79447462
Shenzhen Agricultural Products Group Co. Ltd 66052518 RMB common shares 66052518
Dongguan Fruit Vegetable and Non- staple Food 8698216 RMB common shares 8698216
Trading Market Co. Ltd
China Construction Bank Corporation-Orient Securities 3866500 RMB common shares 3866500
Asset Management CSI Dongfanghong Dividend
Low-Volatility Index Securities Investment Fund
Xu Zhuangcheng 3470600 RMB common shares 3470600
Sun Huiming 3236352 Domestically listed 3236352
foreign shares
Chen Jiuyou 3180070 RMB common shares 3180070
27深圳市深粮控股股份有限公司2026年半年度报告全文
Zhu Quxiu 2338800 RMB common shares 2338800
Hong Kong Securities Clearing Company Limited 2337017 RMB common shares 2337017
Zhong Zhenxin 2000000 RMB common shares 2000000
Explanation of the association or
concerted action between the top 10 Shenzhen SASAC directly holds 100% equity of Shenzhen Agricultural Power Group Co. Ltd. and
shareholders of non-restricted and holds 38.67% equity of Shenzhen Agricultural Products Group Co. Ltd. indirectly through Shenzhen
tradable shares as well as between the Agricultural Power Group Co. Ltd.; The Company was not aware of any related relationship between
top 10 shareholders of non-restricted and other shareholders above and whether they are parties acting in concert as defined by the Acquisition
tradable shares and the top 10 Management Method of Listed Company.shareholders
At the end of reporting period Xu Zhuangcheng a shareholder of the company held 3324900 shares of
Explanation on the participation of the the Company under customer credit trading secured securities account through Ping An Securities Co.top 10 ordinary shareholders in margin Ltd and held 145700 shares of the Company under common account totally holding 3470600 shares
trading and securities lending business of the Company. During the reporting period shares held by Xu Zhuangcheng under the credit trading
(if any) (see Note 4) secured securities account rose by 3324900 shares shares held by him under common account rose by
145700 shares and shares held by Xu Zhuangcheng rose by 3470600 shares.
Shareholders with over 5% of shares top ten shareholders and top ten shareholders of unrestricted shares participate in the lending of shares
through refinancing
□ Applicable□Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared to the previous period due to the
reasons of lending/returning of shares through refinancing
□Applicable □Not applicable
Whether top ten common stock shareholders or top ten common stock shareholders of un-restrict shares have buy-back agreement dealing in
reporting period or not
□ Yes□ No
The top ten common stock shareholders or top ten common stock shareholders of un-restrict shares didn’t have buy-back agreement dealing in
reporting period.IV. Changes in shareholdings of directors and senior management
□ Applicable ? Not Applicable
During the reporting period there were no changes in the shareholdings of the company's directors and senior management. For details please refer
to 2025 annual report.V. Changes in controlling shareholders or actual controllers
If the Company has previously disclosed that its actual controller is planning a change of control which has not yet been completed please describe
the progress of such change of control.□ Applicable ? Not Applicable
Changes in controlling shareholders during the reporting period
□ Applicable ? Not Applicable
There were no changes in the company's controlling shareholders during the reporting period.Changes in actual controllers during the reporting period
□ Applicable ? Not Applicable
There were no changes in the company's actual controllers during the reporting period.VI. Matters related to preferred shares
□ Applicable ? Not Applicable
The company had no preferred shares during the reporting period.
28深圳市深粮控股股份有限公司2026年半年度报告全文
Section VII. Corporate Bonds
□ Applicable□Not applicable
29深圳市深粮控股股份有限公司2026年半年度报告全文
Section VIII. Financial Report
I. Audit Report
Whether the semi-annual report is audited or not
□Yes□No
The company's semi-annual financial report has not been audited.II. Financial statements
Statement in Financial Notes are carried in RMB/CNY.
1. Consolidated balance sheet
Prepared by SHENZHEN CEREALS HOLDINGS CO. LTD
June 30 2026
In RMB
Item Ending balance Opening balance
Current assets:
Monetary funds 86677756.55 74207045.75
Settlement provisions
Capital lent
Tradable financial assets
Derivative financial assets
Note receivable 2567464.00
Account receivable 215084754.25 185600881.90
Receivable financing
Accounts paid in advance 29116183.86 84431038.91
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable 60366398.71 23492545.72
Including: Interest receivable
Dividends receivable
Buying back the sale of financial assets
Inventories 4253535575.66 3968883163.28
Including: Data resources
Contract assets
Assets held for sale
Non-current asset due within one year
Other current assets 68605015.07 75503746.14
Total current assets 4713385684.10 4414685885.70
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 39600461.91 43217315.89
Investment in other equity instrument
Other non-current financial assets 57500.00 57500.00
Investment real estate 224057435.11 231882055.05
Fixed assets 1958583048.79 1993966742.36
Construction in progress 71035610.36 51951405.25
30深圳市深粮控股股份有限公司2026年半年度报告全文
Productive biological asset 334386.00 339232.20
Oil and gas asset
Right-of-use assets 447069548.90 54801538.67
Intangible assets 422997252.05 436587991.47
Including: Data resources
Expense on Research and Development
Including: Data resources
Goodwill
Long-term expenses to be apportioned 19866270.74 21176604.93
Deferred income tax asset 50144043.74 57185401.86
Other non-current asset 66623495.46 66490675.94
Total non-current asset 3300369053.06 2957656463.62
Total assets 8013754737.16 7372342349.32
Current liabilities:
Short-term loans 1710960395.75 1155754328.18
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 205400715.13 345768271.72
Accounts received in advance 1230640.72 924332.28
Contract liability 93309336.33 77779348.91
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 130718239.16 143150859.26
Taxes payable 65826546.75 229568371.34
Other account payable 303758603.51 263186359.20
Including: Interest payable
Dividend payable 2933690.04 2933690.04
Commission charge and commission
payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 93300969.85 26385962.57
Other current liabilities 4407812.82 4373517.22
Total current liabilities 2608913260.02 2246891350.68
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability 339181114.63 29468268.66
Long-term account payable 16769012.85 16732409.88
Long-term wages payable
Accrual liability
Deferred income 75319028.30 78672600.62
Deferred income tax liabilities 9874590.77 10081449.40
Other non-current liabilities
Total non-current liabilities 441143746.55 134954728.56
Total liabilities 3050057006.57 2381846079.24
Owner’s equity:
Share capital 1152535254.00 1152535254.00
31深圳市深粮控股股份有限公司2026年半年度报告全文
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 1271908217.34 1271908217.34
Less: Inventory shares
Other comprehensive income -886200.46 -726271.56
Reasonable reserve
Surplus public reserve 642697918.23 642697918.23
Provision of general risk
Retained profit 1895896783.92 1922336040.31
Total owner’ s equity attributable to parent
company 4962151973.03 4988751158.32
Minority interests 1545757.56 1745111.76
Total owner’ s equity 4963697730.59 4990496270.08
Total liabilities and owner’ s equity 8013754737.16 7372342349.32
Legal representative: Wang Zhikai
Person in charge of accounting works: Lu Yuhe
Person in charge of accounting institute: Lu Chengjun
2. Balance Sheet of Parent Company
In RMB
Item Ending balance Opening balance
Current assets:
Monetary funds 2356297.20 6139365.54
Tradable financial assets
Derivative financial assets
Note receivable
Account receivable 37418946.12 25752680.48
Receivable financing
Accounts paid in advance
Other account receivable 3575928615.75 2964238623.06
Including: Interest receivable
Dividends receivable
Inventories
Including: Data resources
Contract assets
Assets held for sale
Non-current assets maturing within one
year
Other current assets 849.02 165952.53
Total current assets 3615704708.09 2996296621.61
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 4180168641.37 4031188641.37
Investment in other equity instrument
Other non-current financial assets
Investment real estate 14392757.50 14628552.64
Fixed assets 27886065.12 29063623.01
Construction in progress
Productive biological assets 334386.00 339232.20
Oil and natural gas assets
Right-of-use assets 438215485.72 44176967.53
Intangible assets 19886800.56 22264239.66
32深圳市深粮控股股份有限公司2026年半年度报告全文
Including: Data resources
Research and development costs
Including: Data resources
Goodwill
Long-term deferred expenses 2834339.15 2757815.67
Deferred income tax assets 6177021.54 10701819.97
Other non-current assets 1825072.29 916053.25
Total non-current assets 4691720569.25 4156036945.30
Total assets 8307425277.34 7152333566.91
Current liabilities:
Short-term borrowings 1590478850.00 797823319.42
Trading financial liability
Derivative financial liability
Notes payable
Account payable 60861292.92 40574195.28
Accounts received in advance
Contract liability
Wage payable 35657824.97 37125576.25
Taxes payable 3446470.36 17037938.49
Other accounts payable 286956481.91 224250325.59
Including: Interest payable
Dividend payable 2933690.04 2933690.04
Liability held for sale
Non-current liabilities due within one year 90338240.79 22849507.90
Other current liabilities
Total current liabilities 2067739160.95 1139660862.93
Non-current liabilities:
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability 333054236.13 21949210.38
Long-term account payable
Long term employee compensation
payable
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 333054236.13 21949210.38
Total liabilities 2400793397.08 1161610073.31
Owners’ equity:
Share capital 1152535254.00 1152535254.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 3018298284.55 3018298284.55
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 370293490.09 370293490.09
Retained profit 1365504851.62 1449596464.96
Total owner’s equity 5906631880.26 5990723493.60
Total liabilities and owner’s equity 8307425277.34 7152333566.91
33深圳市深粮控股股份有限公司2026年半年度报告全文
3. Consolidated Profit Statement
In RMB
Item 2026 semi-annual 2025 semi-annual
I. Total operating income 2387592343.77 2384227437.90
Including: Operating revenue 2387592343.77 2384227437.90
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 2205151877.09 2143192880.83
Including: Operating cost 2001143742.85 1942145136.11
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 9800214.62 9148068.86
Sales expense 57627021.33 60709520.71
Administrative expense 109347179.39 101939577.47
R&D expense 12359981.00 10208632.21
Financial expense 14873737.90 19041945.47
Including: Interest expenses 14788260.91 19155569.88
Interest income 470180.69 406929.22
Add: Other income 32370875.30 4186124.46
Investment income (Loss is listed
with “-”) 2521342.14 -4462721.92
Including: Investment income on
affiliated company and joint venture -1616853.98
The termination of income
recognition for financial assets measured by
amortized cost
Exchange income (Loss is listed with
“-”)
Net exposure hedging income (Loss
is listed with “-”)
Income from change of fair value
(Loss is listed with “-”)
Loss of credit impairment (Loss is
listed with “-”) -2685446.41 1263924.37
Losses of devaluation of asset (Loss
is listed with “-”) -27159728.66 -42521010.08
Income from assets disposal (Loss is
listed with “-”) -14320.85 19967516.74
III. Operating profit (Loss is listed with “-”) 187473188.20 219468390.64
Add: Non-operating income 1025960.26 146701.53
Less: Non-operating expense 368840.47 299515.73
IV. Total profit (Loss is listed with “-”) 188130307.99 219315576.44
Less: Income tax expense 76464688.10 43337305.16
V. Net profit (Net loss is listed with “-”) 111665619.89 175978271.28
(I) Classify by business continuity
1.Continuous operating net profit (net losslisted with ‘-”) 111665619.89 175978271.28
2Termination of net profit (net loss listedwith ‘-”)
34深圳市深粮控股股份有限公司2026年半年度报告全文
(II) Classify by ownership
1.Net profit attributable to owner’s of
parent company 111864974.09 176015525.87
2.Minority shareholders’ gains and losses -199354.20 -37254.59
VI. Net after-tax of other comprehensive
income -159928.90 -65463.82
Net after-tax of other comprehensive income
attributable to owners of parent company -159928.90 -65463.82
(I) Other comprehensive income items
which will not be reclassified subsequently to
profit of loss
1.Changes of the defined benefit
plans that re-measured
2.Other comprehensive income
under equity method that cannot be transfer to
gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of enterprise's
credit risk
5. Other
(II) Other comprehensive income items
which will be reclassified subsequently to -159928.90 -65463.82
profit or loss
1.Other comprehensive income
under equity method that can transfer to
gain/loss
2.Change of fair value of other
debt investment
3.Amount of financial assets re-
classify to other comprehensive income
4.Credit impairment provision for
other debt investment
5.Cash flow hedging reserve
6.Translation differences arising
on translation of foreign currency financial -159928.90 -65463.82
statements
7.Other
Net after-tax of other comprehensive income
attributable to minority shareholders
VII. Total comprehensive income 111505690.99 175912807.46
Total comprehensive income attributable
to owners of parent Company 111705045.19 175950062.05
Total comprehensive income attributable
to minority shareholders -199354.20 -37254.59
VIII. Earnings per share:
(I) Basic earnings per share 0.0971 0.1527
(II) Diluted earnings per share 0.0971 0.1527
As for the enterprise combined under the same control the net profit achieved by the merged party before combination is *** yuan and the net
profit achieved by the merged party in last period is negative *** yuan.Legal representative: Wang Zhikai
Person in charge of accounting works: Lu Yuhe
Person in charge of accounting institute: Lu Chengjun
4. Profit Statement of Parent Company
In RMB
Item 2026 semi-annual 2025 semi-annual
I. Operating revenue 182756794.06 75084378.42
Less: Operating cost 83624276.06 12697586.52
35深圳市深粮控股股份有限公司2026年半年度报告全文
Taxes and surcharge 747688.87 258865.15
Sales expenses 0.00
Administration expenses 51482668.46 44402122.93
R&D expenses 0.00
Financial expenses -10813830.45 -17542982.07
Including: Interest expenses 11332186.11 6270059.61
Interest income 22276443.36 23865184.21
Add: Other income 209190.77 103605.12
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated Company and joint venture
The termination of income
recognition for financial assets measured by
amortized cost (Loss is listed with “-”)
Net exposure hedging income (Loss
is listed with “-”)
Changing income of fair value (Loss
is listed with “-”)
Loss of credit impairment (Loss is
listed with “-”) 500000.00 1000000.00
Losses of devaluation of asset (Loss
is listed with “-”) 0.00
Income on disposal of assets (Loss is
listed with “-”) 0.00
II. Operating profit (Loss is listed with “-”) 58425181.89 36372391.01
Add: Non-operating income 200000.16
Less: Non-operating expense 0.00 102569.84
III. Total Profit (Loss is listed with “-”) 58625182.05 36269821.17
Less: Income tax 4412564.91 411875.48
IV. Net profit (Net loss is listed with “-”) 54212617.14 35857945.69
(I) continuous operating net profit (netloss listed with ‘-”) 54212617.14 35857945.69
(II) termination of net profit (net losslisted with ‘-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income items
which will not be reclassified subsequently to
profit of loss
1.Changes of the defined benefit
plans that re-measured
2.Other comprehensive income
under equity method that cannot be transfer to
gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of enterprise's
credit risk
5. Other
(II) Other comprehensive income items
which will be reclassified subsequently to
profit or loss
1.Other comprehensive income
under equity method that can transfer to
gain/loss
2.Change of fair value of other
debt investment
3.Amount of financial assets re-
classify to other comprehensive income
4.Credit impairment provision for
other debt investment
5.Cash flow hedging reserve
36深圳市深粮控股股份有限公司2026年半年度报告全文
6.Translation differences arising
on translation of foreign currency financial
statements
7.Other
VI. Total comprehensive income 54212617.14 35857945.69
VII. Earnings per share:
(I) Basic earnings per share
(II) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item 2026 semi-annual 2025 semi-annual
I. Cash flows arising from operating activities:
Cash received from selling commodities
and providing labor services 2519965101.17 2515459297.68
Net increase of customer deposit and
interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from
other financial institution
Cash received from original insurance
contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
Cash received from interest commission
charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and
purchase of securities
Write-back of tax received 1770000.07 2001200.56
Other cash received concerning operating
activities 172587598.64 173603846.00
Subtotal of cash inflow arising from operating
activities 2694322699.88 2691064344.24
Cash paid for purchasing commodities and
receiving labor service 2082541515.51 1443488394.47
Net increase of customer loans and
advances
Net increase of deposits in central bank
and interbank
Cash paid for original insurance contract
compensation
Net increase of capital lent
Cash payments for interest fees and
commissions
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 177696334.67 171799129.01
Taxes paid 254452973.38 107439103.32
Other cash paid concerning operating
activities 232513429.60 231059150.63
Subtotal of cash outflow arising from operating
activities 2747204253.16 1953785777.43
Net cash flows arising from operating activities -52881553.28 737278566.81
II. Cash flows arising from investing activities:
Cash received from recovering investment 4007.78
Cash received from investment income 2000000.00
Net cash received from disposal of fixed 62573.00 77797545.09
37深圳市深粮控股股份有限公司2026年半年度报告全文
intangible and other long-term assets
Net cash received from disposal of
subsidiaries and other units 1718711.71
Other cash received concerning investing
activities
Subtotal of cash inflow from investing
activities 2066580.78 79516256.80
Cash paid for purchasing fixed intangible
and other long-term assets 49529557.49 31884430.85
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and
other units obtained 13267620.00
Other cash paid concerning investing
activities 6299.62
Subtotal of cash outflow from investing
activities 62803477.11 31884430.85
Net cash flows arising from investing activities -60736896.33 47631825.95
III. Cash flows arising from financing
activities:
Cash received from absorbing investment
Including: cash received from absorbing
minority shareholders’ investment by
subsidiaries
Cash received from loans 1284708087.66 1077015327.03
Other cash received concerning financing
activities 3566285.43
Subtotal of cash inflow from financing
activities 1288274373.09 1077015327.03
Cash paid for settling debts 970223456.52 1653752375.98
Cash paid for dividends and profits
distributing or interest paying 148855405.15 188876399.22
Including: dividends and profits of
minority shareholder paid by subsidiaries
Other cash paid concerning financing
activities 41729973.93 5323196.47
Subtotal of cash outflow from financing
activities 1160808835.60 1847951971.67
Net cash flows arising from financing activities 127465537.49 -770936644.64
IV. Influence on cash and cash equivalents due
to fluctuation in exchange rate -186091.64 -59820.30
V. Net increase of cash and cash equivalents 13660996.24 13913927.82
Add: Balance of cash and cash equivalents
at the period -begin 69926342.31 158935342.85
VI. Balance of cash and cash equivalents at the
period -end 83587338.55 172849270.67
6. Cash Flow Statement of Parent Company
In RMB
Item 2026 semi-annual 2025 semi-annual
I. Cash flows arising from operating activities:
Cash received from selling commodities
and providing labor services 381918511.00 390394107.50
Write-back of tax received
Other cash received concerning operating
activities 2139011391.61 1994466762.23
Subtotal of cash inflow arising from operating
activities 2520929902.61 2384860869.73
Cash paid for purchasing commodities and
receiving labor service 22639800.90 15028437.90
Cash paid to/for staff and workers 40649648.18 39687095.15
38深圳市深粮控股股份有限公司2026年半年度报告全文
Taxes paid 14548448.12 90525.02
Other cash paid concerning operating
activities 2496052821.71 1913761049.85
Subtotal of cash outflow arising from operating
activities 2573890718.91 1968567107.92
Net cash flows arising from operating activities -52960816.30 416293761.81
II. Cash flows arising from investing activities:
Cash received from recovering investment
Cash received from investment income
Net cash received from disposal of fixed
intangible and other long-term assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning investing
activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed intangible
and other long-term assets 5347423.75 2557504.30
Cash paid for investment 148980000.00
Net cash received from subsidiaries and
other units obtained 13267620.00
Other cash paid concerning investing
activities
Subtotal of cash outflow from investing
activities 167595043.75 2557504.30
Net cash flows arising from investing activities -167595043.75 -2557504.30
III. Cash flows arising from financing
activities:
Cash received from absorbing investment
Cash received from loans 1094223621.91 468751150.53
Other cash received concerning financing
activities
Subtotal of cash inflow from financing
activities 1094223621.91 468751150.53
Cash paid for settling debts 692555087.12 701282632.75
Cash paid for dividends and profits
distributing or interest paying 147047982.27 178784966.14
Other cash paid concerning financing
activities 37842096.43
Subtotal of cash outflow from financing
activities 877445165.82 880067598.89
Net cash flows arising from financing activities 216778456.09 -411316448.36
IV. Influence on cash and cash equivalents due
to fluctuation in exchange rate -5664.38 -2453.20
V. Net increase of cash and cash equivalents -3783068.34 2417355.95
Add: Balance of cash and cash equivalents
at the period -begin 6139365.54 103158696.39
VI. Balance of cash and cash equivalents at the
period -end 2356297.20 105576052.34
7. Consolidated Statement of Changes in Owners’ Equity
Current period
In RMB
2026 semi-annual
Owners’ equity attributable to the parent Company
Other
Item equity instrument
Perpetu Less: Other Reasona Provisi Minority Total owners’
Share capital Preferr al Capital InventoOth reserve ry comprehens ble
Surplus on of Retained Oth
reserve general profit er Subtotal
interests equity
ed capital er shares ive income reservestock securiti risk
es
39深圳市深粮控股股份有限公司2026年半年度报告全文
I. Balance 1152535254 1271908217 642697918 1922336040 4988751158 1745111. 4990496270
at the end of -726271.56
the last year .00 .34 .23 .31 .32 76 .08
Add:
Changes of
accounting
policy
Error
correction
of the last
period
Other
II. Balance
at the 1152535254 1271908217 642697918 1922336040 4988751158 1745111. 4990496270
beginning -726271.56
of this year .00 .34 .23 .31 .32 76 .08
III.Increase/
Decrease in -
reporting - - -
period -159928.90 199354.2
(Decrease is 26439256.39 26599185.29 26798539.49
listed with 0
“-”)
-
(i) Total 111864974.0 111705045.1 111505690.9
comprehens -159928.90 199354.2
ive income 9 9 9
0
(ii)
Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholder
s
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned
into owners’
equity with
share-based
payment
4. Other
---
(III) Profit
distribution 138304230.4 138304230.4 138304230.4
888
1.
Withdrawal
of surplus
reserves
2.
Withdrawal
of general
risk
provisions
3.
Distribution - - -
for owners
(or 138304230.4 138304230.4 138304230.4
shareholder
s) 8 8 8
4. Other
(IV)
Carrying
forward
internal
owners’
equity
1. Capital
reserves
converted to
capital
(share
capital)
2. Surplus
reserves
converted to
capital
(share
capital)
3.
Remedying
loss with
surplus
reserve
4．Carry-
over
retained
earnings
from the
defined
benefit
plans
40深圳市深粮控股股份有限公司2026年半年度报告全文
5．Carry-
over
retained
earnings
from other
comprehens
ive income
6. Other
(V)
Reasonable
reserve
1.
Withdrawal
in the
reporting
period
2. Usage in
the
reporting
period
(VI)Others
IV. Balance
at the end of 1152535254 1271908217 642697918 1895896783 4962151973 1545757. 4963697730
the -886200.46
reporting .00 .34 .23 .92 .03 56 .59
period
Last period
In RMB
2025 semi-annual
Owners’ equity attributable to the parent Company
Other
Item equity instrument
Perpetu Less: Provisi Minority Total owners’
Share capital Preferr al Capital Invento
Other
comprehens Reasonabl Surplus on of Retained OthOth reserve ry e reserve reserve general profit er Subtotal
interests equity
ed capital ive income
stock securiti er shares risk
es
I. Balance
at the end 115253525 127190821 1152617. 616729697 187796876 491967414 1703053. 492137719
of the last 0.00 -620406.95 0.00 0.00
year 4.00 7.34 76 .68 2.99 2.82 11 5.93
Add:
Changes of
accounting
policy
Error
correction
of the last
period
Other
II. Balance
at the 115253525 127190821 1152617. 616729697 187796876 491967414 1703053. 492137719
beginning 0.00 -620406.95 0.00 0.00
of this year 4.00 7.34 76 .68 2.99 2.82 11 5.93
III.Increase/
Decrease in
reporting - -
period -65463.82 3135237.77 2997794.97 2960540.38
(Decrease is 71978.98 37254.59
listed with
“-”)
(i) Total 176015525. 175950062. - 175912807.comprehens -65463.82
ive income 87 05 37254.59 46
(ii)
Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholder
s
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned
into owners’
equity with
share-based
payment
4. Other
---
(III) Profit
distribution 172880288. 172880288. 172880288.
101010
1.
Withdrawal
of surplus
41深圳市深粮控股股份有限公司2026年半年度报告全文
reserves
2.
Withdrawal
of general
risk
provisions
3.
Distribution - - -
for owners
(or 172880288. 172880288. 172880288.shareholder
s) 10 10 10
4. Other
(IV)
Carrying
forward
internal
owners’
equity
1. Capital
reserves
converted
to capital
(share
capital)
2. Surplus
reserves
converted
to capital
(share
capital)
3.
Remedying
loss with
surplus
reserve
4．Carry-
over
retained
earnings
from the
defined
benefit
plans
5．Carry-
over
retained
earnings
from other
comprehens
ive income
6. Other
(V) -
Reasonable -71978.98 -71978.98
reserve 71978.98
1.
Withdrawal
in the
reporting
period
2. Usage in
the -
reporting -71978.98 -71978.98
period 71978.98
(VI)Others
IV. Balance
at the end 115253525 127190821 1080638. 616729697 188110400 492267193 1665798. 492433773
of the -685870.77
reporting 4.00 7.34 78 .68 0.76 7.79 52 6.31
period
8. Statement of changes in owners’ equity of parent company
Current period
In RMB
2026 semi-annual
Other
Item equity instrument Less: Other
Share capital Preferred Perpetual Capital reserve Inventory comprehensive
Reasonable
reserve Surplus reserve Retained profit Other
Total owners’
stock capital Other shares income
equity
securities
I. Balance at the end
of the last year 1152535254.00 3018298284.55 370293490.09 1449596464.96 5990723493.60
Add: Changes of
accounting policy
Error correction of the
last period
Other
II. Balance at the
beginning of this year 1152535254.00 3018298284.55 370293490.09 1449596464.96 5990723493.60
III. Increase/ Decrease
in reporting period
(Decrease is listed -84091613.34 -84091613.34
with “-”)
42深圳市深粮控股股份有限公司2026年半年度报告全文
(i) Total
comprehensive income 54212617.14 54212617.14
(ii) Owners’ devoted
and decreased capital
1.Common shares
invested by
shareholders
2. Capital invested by
holders of other equity
instruments
3. Amount reckoned
into owners’ equity
with share-based
payment
4. Other
(III) Profit distribution -138304230.48 -138304230.48
1. Withdrawal of
surplus reserves
2. Distribution for
owners (or -138304230.48 -138304230.48
shareholders)
3. Other
(IV) Carrying forward
internal owners’ equity
1. Capital reserves
converted to capital
(share capital)
2. Surplus reserves
converted to capital
(share capital)
3. Remedying loss
with surplus reserve
4．Carry-over
retained earnings from
the defined benefit
plans
5．Carry-over
retained earnings from
other comprehensive
income
6. Other
(V) Reasonable
reserve
1. Withdrawal in the
reporting period
2. Usage in the
reporting period
(VI)Others
IV. Balance at the end
of the reporting period 1152535254.00 3018298284.55 370293490.09 1365504851.62 5906631880.26
Last period
In RMB
2025 semi-annual
Other
Item equity instrument Less: Other
Share capital Preferred Perpetual Capital reserve Inventory comprehensive
Reasonable
reserve Surplus reserve Retained profit Other
Total owners’
stock capital Other shares income
equity
securities
I. Balance at the end
of the last year 1152535254.00 3018298284.55 344325269.54 1388762768.13 5903921576.22
Add: Changes of
accounting policy
Error correction of the
last period
Other
II. Balance at the
beginning of this year 1152535254.00 3018298284.55 344325269.54 1388762768.13 5903921576.22
III. Increase/ Decrease
in reporting period
(Decrease is listed -137022342.41 -137022342.41
with “-”)
(i) Total
comprehensive income 35857945.69 35857945.69
(ii) Owners’ devoted
and decreased capital
1.Common shares
invested by
shareholders
2. Capital invested by
holders of other equity
instruments
3. Amount reckoned
into owners’ equity
with share-based
payment
4. Other
(III) Profit distribution -172880288.10 -172880288.10
1. Withdrawal of
surplus reserves
2. Distribution for
owners (or -172880288.10 -172880288.10
shareholders)
3. Other
(IV) Carrying forward
43深圳市深粮控股股份有限公司2026年半年度报告全文
internal owners’ equity
1. Capital reserves
converted to capital
(share capital)
2. Surplus reserves
converted to capital
(share capital)
3. Remedying loss
with surplus reserve
4．Carry-over
retained earnings from
the defined benefit
plans
5．Carry-over
retained earnings from
other comprehensive
income
6. Other
(V) Reasonable
reserve
1. Withdrawal in the
reporting period
2. Usage in the
reporting period
(VI)Others
IV. Balance at the end
of the reporting period 1152535254.00 3018298284.55 344325269.54 1251740425.72 5766899233.81
III. Basic information of Company
Shenzhen Cereals Holdings Co. Ltd. (formerly the Shenzhen Shenbao Industrial Co. Ltd. hereinafter referred to as “SZCH” “Company” or “theCompany” ) formerly named Shenzhen Shenbao Canned Food Company obtained approval (Document (1991) No.978) from Shenzhen Municipal
People’s Government to change to the name as Shenzhen Shenbao Industrial Co. Ltd. on August 1991.Approved by the People’s Bank of
China(Document (1991)No.126) the Company was listed on Shenzhen Stock Exchange. The Company belongs to the grain oil food and beverage
industry.The cumulative amount of shares issued by the Company was 1152535254 shares with registered capital of 1152535254.00 yuan. Registered
address: Shenzhen Guangdong Province; HQ of the Company: 8/F Tower B No.4 Building Software Industry Base South District Science &
Technology Park Xuefu Rd. Yuehai Street Nanshan District Shenzhen.Main business of the Company: wholesale and retail business food processing and manufacturing business leasing and business service business.The wholesale and retail business mainly involves the sales of grain and oil products such as rice wheat rice corn barley sorghum edible oil etc.as well as fine tea beverages and condiments. The food processing and manufacturing business mainly includes the processing of flour rice edible
oil tea and natural plant extracts beverages condiments etc. The leasing and business service business provides grain oil and food and beverage
import and export trade warehousing and storage logistics and distribution quality testing information technology services property leasing and
management commercial operation management and other services for all kinds of customers upstream and downstream of the industrial chain.The parent enterprise of the Company is Shenzhen Food Materials Group Co. Ltd and the actual controller of the Company is Shenzhen Municipal
People’s Government State-owned Assets Supervision & Administration Commission
IV. Basis of preparation of financial statements
1. Basis of preparation
The financial statement are prepared in line with the Accounting Standards for Business Enterprise -Basic Standard issued by Ministry of Finance
and specific accounting principle as well as the application guidance for the accounting principles for enterprise interpretation to the accounting
principles for enterprise and other related requirements (hereinafter referred to as Accounting Standards for Business Enterprise) combining the
Information Disclosure Preparation Rules for Company Public Issuing Securities No.15-General Rules for Financial Report of the CSRC(Revised in
2023). These financial statements are presented on a going?concern basis. The Company maintains its accounting records on an accrual basis. Except
for certain financial instruments these financial statements are measured on a historical?cost basis. Where assets are impaired corresponding
44深圳市深粮控股股份有限公司2026年半年度报告全文
impairment provisions are made in accordance with relevant provisions.
2. Going concern
The financial statement has been prepared on a going concern basis.V. Major accounting policy and accounting estimate
Specific accounting policies and accounting estimate tips:
The company has determined fixed asset depreciation intangible asset amortization and revenue recognition policies based on its own production
and operation characteristics. Specific accounting policies can be found in NoteV.24 NoteV. 29 and Note V.37.
1. Statement for observation of Accounting Standard for Business Enterprise
The financial statements prepared by the Company are in accordance to requirements of Accounting Standard for Business Enterprise issued by
Ministry of Finance which truly and completely reflect the financial status of the Company and parent company on June 30 2026 as well as the
consolidate and parent company’s operational results and cash flow for the period from January to June 2026.
2. Accounting period
Calendar year is the accounting period for the Company that is falls to the range starting from 1 January to 31 December.
3. Operating cycle
Operating cycle of the Company is 12 months
4. Standard currency
The Company and its subsidiaries take RMB as the standard currency for bookkeeping. Overseas subsidiaries select their accounting base currency
based on the currency of the main economic environment in which they operate.
5. Method for determining importance criteria and selection criteria
? Applicable □ Not applicable
Item Importance criteria
Important accounts receivable with single provision for bad debt
reserves Amount ≥10000000
Other accounts receivable with significant single provision for bad debt
reserves Amount ≥10000000
Major construction in progress Amount ≥10000000
Significant investment activities Amount ≥10000000
Associated enterprises and joint ventures where the cost carrying
amount of long-term equity investments or investment income
Important joint venture or associated enterprise
therefrom is RMB 10.00 million or more; or where the share of the
investee’s net profit recognized in the current period accounts for 5% or
more of the Company’s consolidated net profit;
45深圳市深粮控股股份有限公司2026年半年度报告全文
Other important events Other items with a single amount exceeding 0.5% of the total assets.
6. Accounting treatment methods for business combinations under the same control and those not under the same
control
(1) Business combinations under common control
For business combinations under common control the assets and liabilities of the combinee obtained by the combiner in the combination are
measured at the carrying amounts of the combinee in the consolidated financial statements of the ultimate controlling party at the combination date.The difference between the carrying amount of the combination consideration (or total par value of shares issued) and the carrying amount of net
assets obtained in the combination is adjusted against capital surplus (share premium). Where capital surplus (share premium) is insufficient to offset
the difference retained earnings shall be adjusted.Business combinations under common control achieved in multiple?step transactions
The assets and liabilities of the combinee obtained by the combiner are measured at the carrying amounts in the consolidated financial statements of
the ultimate controlling party at the combination date. The difference between the sum of the carrying amount of the investment held before the
combination and the carrying amount of the newly?paid consideration at the combination date and the carrying amount of net assets obtained in the
combination is adjusted against capital surplus (share premium). Where capital surplus is insufficient to offset the difference retained earnings shall
be adjusted. For the long?term equity investment held by the combiner before obtaining control over the combinee the profit or loss other
comprehensive income and other changes in owners’ equity recognized from the later of the date of obtaining the original equity interest and the date
when both the combiner and the combinee came under the common ultimate control to the combination date shall be offset against the opening
retained earnings of the comparative reporting periods or current?period profit or loss respectively.
(2) Business combinations not under common control
For business combinations not under common control the aggregate consideration transferred is the fair value of assets transferred liabilities
incurred or assumed and equity securities issued by the acquirer to obtain control over the acquiree at the acquisition date. At the acquisition date
the acquired assets liabilities and contingent liabilities of the acquiree are recognized at fair value.The excess of the aggregate consideration transferred over the acquirer’s share of fair value of identifiable net assets of the acquiree obtained in the
combination is recognized as goodwill which is subsequently measured at cost less accumulated impairment provision. After review any excess of
the share of fair value of identifiable net assets acquired over the aggregate consideration transferred is recognized in current?period profit or loss.Business combinations not under common control achieved in multiple?step transactions
The aggregate consideration transferred is the sum of the consideration paid at the acquisition date and the fair value of the acquirer’s
previously?held equity interest in the acquiree at the acquisition date. The previously?held equity interest in the acquiree is remeasured at its fair
value at the acquisition date and the difference between fair value and carrying amount is recognized in current?period investment income. Other
comprehensive income and other changes in owners’ equity relating to the previously?held equity interest in the acquiree are reclassified to
current?period income at the acquisition date except for other comprehensive income arising from re?measurement of changes in the defined?benefit
plan net liability or net asset of the investee and other comprehensive income related to non?trading equity instrument investments originally
designated as measured at fair value through other comprehensive income.
(3) Accounting treatment of transaction costs in business combinations
Intermediate costs such as audit fees legal service fees appraisal and consulting fees and other relevant administrative expenses incurred for
business combinations are recognized in current?period profit or loss when incurred. Transaction costs of equity securities or debt securities issued as
combination consideration are included in the initial recognition amount of such equity or debt securities.
46深圳市深粮控股股份有限公司2026年半年度报告全文
7. Criteria for judging control and preparation methods for consolidated financial statements
(1) Criteria for judging control
The consolidation scope of the consolidated financial statements is determined based on control. Control refers to the company having the power
over the invested entity enjoying variable returns through participating in related activities of the invested entity and having the ability to use the
power over the invested entity to influence its return amount. When changes in relevant facts and circumstances result in changes in the relevant
elements involved in the definition of control the company will conduct reassessment.When determining whether to include a structured entity in the scope of consolidation the company takes into account all facts and circumstances
including evaluating the purpose and design of the establishment of the structured entity identifying the types of variable returns and evaluating
whether to control the structured entity by participating in its related activities and assuming some or all of the variability of returns.
(2) Method of preparing consolidated financial statements
The consolidated financial statements are based on the financial statements of the Company and its subsidiaries and are prepared by the Company
based on other relevant information. When preparing consolidated financial statements the accounting policies and period requirements of the
Company and its subsidiaries are consistent and significant transactions and balances between companies are offset.During the reporting period subsidiaries and businesses added due to merge of enterprises under the same control shall be deemed to be included in
the scope of the company’s consolidation from the date of being under the same ultimate control. The operating results and cash flows from the date
of being under the same ultimate control shall be separately included in the consolidated income statement and consolidated cash flow statement.During the reporting period the income expenses and profits of subsidiaries and businesses added due to merge of enterprises not under the same
control from the purchase date to the end of the reporting period shall be included in the consolidated income statement and their cash flows shall be
included in the consolidated cash flow statement.The portion of the shareholder’s equity of the subsidiary that does not belong to the company shall be separately listed as minority shareholder’s
equity in the consolidated balance sheet under the shareholder's equity item; The shares belonging to minority interests in the current net gains and
losses of subsidiaries are presented as minority interests under the net profit in the consolidated income statement. In case the losses assumed by the
minority shareholders in the subsidiary exceed their share in the initial owner's equity of the subsidiary the balance shall still offset against the
decrease in the minority shareholder’s equity.
(3) Purchase of minority shareholder equity in subsidiary companies
The difference between the cost of newly acquired long-term equity investments due to the purchase of minority equity and the net asset that should
be continuously calculated from the date of purchase or merger based on the new shareholding ratio as well as the difference between the disposal
price obtained from partial disposal of equity investments in subsidiaries without losing control and the net asset that should be continuously
calculated from the date of purchase or merger corresponding to the disposal of long-term equity investments shall be adjusted to the capital reserve
(share premium) in the consolidated balance sheet. If the capital reserve is insufficient to offset retained earnings shall be adjusted.
(4) Treatment of loss of control over subsidiaries
If control over the original subsidiary is lost due to the disposal of partial equity investments or other reasons the remaining equity shall be
remeasured at fair value on the date of loss of control; The difference between the sum of the consideration obtained from the disposal of equity and
the fair value of the remaining equity minus the sum of the book value of net asset book of the original subsidiary that should have been
continuously calculated from the purchase date based on the original shareholding ratio and the goodwill is recognized in the investment income for
the period when control is lost.Other comprehensive income related to equity investments in the original subsidiary should be accounted for on the same basis as the direct disposal
of related assets or liabilities by the original subsidiary when control is lost. Other changes in owner’s equity related to the original subsidiary and
47深圳市深粮控股股份有限公司2026年半年度报告全文
measured at equity method should be transferred to the current period’s gains and losses when control is lost.
8. Classification of joint venture arrangements and accounting treatment methods for joint operations
Joint venture arrangement refers to an arrangement jointly controlled by two or more participating parties. The joint venture arrangements of the
company are divided into joint operations and joint ventures.
(1) Joint operation
In joint operation the company enjoys the assets related to the arrangement and assumes the liabilities related to the arrangement.The company confirms the following items related to the share of interests in joint operations and conducts accounting treatment in accordance with
the relevant accounting standards for enterprises:
A. Recognize individually held assets and jointly held assets based on their respective shares;
B. Recognize individual liabilities and jointly assume liabilities based on their respective shares;
C. Recognize the income generated from the sale of its share of joint operating output;
D. Recognize the revenue generated from the sale of output in joint operations based on their share;
E. Recognize the expenses incurred separately and the expenses incurred in joint operations based on their respective shares.
(2) Joint venture
In a joint venture the company only has the right to the net assets arranged by it.The company accounts for investments in joint ventures in accordance with the provisions of equity method accounting for long-term equity
investments.
9. Recognition standards for cash and cash equivalents
Cash refers to the cash on hand and cash equivalents of deposits that can be used for payment at any time. Cash equivalent refers to the investment
held by the Company with short maturity and strong liquidity that are easy to be converted into known amounts with little risk of change in cash
value.
10. Foreign currency transactions and foreign currency statement translation
(1)Foreign currency transactions
The company conducts foreign currency business and converts the amount of the accounting currency at the exchange rate which is determined in a
systematic and reasonable manner and is approximately the spot exchange rate on the date of transaction.On the balance sheet date foreign currency monetary items are converted with the spot exchange rate on the balance sheet date. The exchange
difference arising from the difference between the spot exchange rate on the balance sheet date and the exchange rate for initial recognition or on the
previous balance sheet date shall be recognized in the current period's gains and losses; For foreign currency non-monetary items measured at
historical cost the spot exchange rate on the transaction date shall still be used for translation; For foreign currency non-monetary items measured at
fair value the spot exchange rate on the date of fair value determination is adopted. The difference between the converted amount in the accounting
currency and the original amount in the accounting currency is recognized in the gains and losses of current period or other comprehensive income
based on the nature of the non-monetary item.
48深圳市深粮控股股份有限公司2026年半年度报告全文
(2) Translation of foreign currency financial statements
At the balance sheet date when translating the foreign currency financial statements of overseas subsidiaries for the assets and liabilities items inthe balance sheet the spot exchange rate on the balance sheet date is used for translation. For the items of shareholders’ equity except for “retainedprofits” other items are translated at the spot exchange rate on the date of occurrence.For the revenue and expense items in the income statement the exchange rate determined by a reasonable method of the system and approximate to
the spot exchange rate on the transaction date will be available for translation.All items in the cash flow statement are translated at the exchange rate determined by a reasonable method of the system and approximate to the
spot exchange rate on the date of cash flow occurrence. The impact amount of exchange rate fluctuations on cash is treated as an adjustment item
and is booked into the “Impact of Exchange Rate Fluctuations on Cash and Cash Equivalents” which is separately presented in the cash flow
statement.The difference arising from the translation of financial statements is presented in “Other Comprehensive Income” under the shareholders’ equity
items in the balance sheet.In case of disposing of an overseas operation and losing control rights the translation difference of the foreign currency statements related to this
overseas operation which is presented under the items of owners' equity in the balance sheet shall be transferred in full or in proportion to the
gains/losses of the period of the disposal of such oversea operation.
11.Financial instrument
Financial instrument is the contract that forms the financial asses for an enterprise and forms the financial liability or equity instrument for other
units.
(1) Recognition and de-recognition of financial instruments
The company recognizes the financial asset or liability when it becomes a party to a financial instrument contract.Financial assets that meet one of the following conditions shall be derecognized:
* The contractual right to receive cash flows from the financial asset is terminated;
* The financial asset has been transferred and meets the conditions for derecognizing the transfer of financial assets as follows.In case the current obligations of a financial liability have been fully or partially relieved the financial liability or a portion thereof shall be
derecognized. In case the company (debtor) signs an agreement with creditors to replace existing financial liabilities by assuming new financial
liabilities and the contractual terms of the new financial liabilities are substantially different from those of the existing financial liabilities the
existing financial liabilities shall be derecognized and the new financial liabilities shall be recognized simultaneously.The financial assets bought or sold in conventional manners shall be recognized or derecognized on the trading day.
(2) Classification and initial measurement of financial assets
At the initial recognition according to the business model of managing financial assets and the contractual cash flow characteristics of financial
assets the Company classifies the financial assets into the financial assets measured at amortized cost the financial assets measured at fair value and
whose changes are included in other comprehensive income and the financial assets measured at fair value and whose changes are included in
current profit or loss.
49深圳市深粮控股股份有限公司2026年半年度报告全文
Financial assets are measured at fair value for initial recognition. For financial assets measured at fair value with changes recognized in the gains and
losses of current period the relevant transaction costs are directly recognized in the gains and losses of current period; For other categories of
financial assets relevant transaction costs are included in the initial recognition amount. The accounts receivable arising from the sale of products or
provision of services which do not include or consider significant financing components shall be recognized at the expected amount of
consideration that the company is entitled to receive for initial recognition.Financial assets measured at amortized cost
The Company classifies the financial assets that meet the following conditions and are not designated as financial assets measured at fair value and
whose changes are included in current profit or loss as financial assets measured at amortized cost:
* The group’s business model for managing the financial assets is to collect contractual cash flows; and
* The contractual terms of the financial assets stipulate that cash flow generated on a specific date will be only used to pay for the principal and
interest based on the outstanding principal amount.After initial recognition such financial assets are measured at amortized cost with the effective interest method. Gains or losses arising from
financial assets which are measured at amortized cost and are not a component of any hedging relationship are included in current profit or loss when
being terminated for recognition amortized by effective interest method or impaired.Financial assets measured at fair value and whose changes are included in other comprehensive income
The Company classifies the financial assets that meet the following conditions and are not designated as financial assets measured at fair value and
whose changes are included in current profit or loss as financial assets measured at fair value and whose changes are included in other
comprehensive income:
* The Group's business model for managing the financial assets is targeted at both the collection of contractual cash flows and the sale of
financial assets; and
* The contractual terms of the financial asset stipulate that the cash flow generated on a specific date is only used to pay for the principal and the
interest based on the outstanding principal amount.After initial recognition such financial assets are subsequently measured at fair value. Interests impairment losses or gains and exchange gains and
losses calculated with the effective interest method are included in profit or loss for the period and other gains or losses are included in other
comprehensive income. At the time of derecognition the accumulated gains or losses previously included in other comprehensive income shall be
carried forward from other comprehensive income to current profit or loss.Financial assets measured at fair value and whose changes are included in current profit or loss
Except for the above financial assets measured at amortized cost and measured at fair value and whose changes are included in other comprehensive
income the Company classifies all other financial assets as financial assets measured at fair value and whose changes are included in current profit
or loss. In the initial recognition in order to eliminate or significantly reduce accounting mismatch the Company irreversibly designates part of the
financial assets that should be measured at amortized cost or measured at fair value and whose changes are included in the other comprehensive
income as the financial assets measured at fair value and whose changes are included in current profit or loss.After the initial recognition such financial assets are subsequently measured at fair value and the gains or losses (including interests and dividend
income) are included in the current profit and loss unless the financial assets are part of the hedging relationship.The business model of managing financial assets refers to how the company manages financial assets to generate cash flow. The business model
determines whether the source of cash flow for the financial assets managed by the company is to receive contract cash flow sell financial assets or
a combination of both. the company determines the business model for managing financial assets based on objective facts and specific business
objectives determined by key management personnel.The company evaluates the contractual cash flow characteristics of financial assets to determine whether the contractual cash flow generated by the
50深圳市深粮控股股份有限公司2026年半年度报告全文
relevant financial assets on a specific date is only for the payment of principal and interest based on the outstanding principal amount. Principal
refers to the fair value of financial assets at initial recognition; Interest includes consideration for the time value of money credit risk associated with
outstanding principal amounts for a specific period and other basic lending risks costs and profits. In addition the company evaluates contract
terms that may cause changes in the time distribution or amount of cash flows in financial asset contracts to determine whether they meet the
requirements of the aforementioned contract cash flow characteristics.Only when the company changes its business model for managing financial assets all affected related financial assets shall be reclassified on the first
day of the first reporting period after the change in business model. Otherwise financial assets shall not be reclassified after initial recognition.
(3) Classification and measurement of financial liabilities
The financial liabilities of the company are classified at initial recognition as financial liabilities measured at fair value through gains and losses of
current period financial liabilities measured at amortized cost. For financial liabilities that are not classified as measured at fair value and whose
changes are recognized in the gains and losses of current period the relevant transaction costs are included in their initial recognition amount.Financial liabilities measured at fair value through gains and losses
Financial liabilities measured at fair value through gains and losses include trading financial liabilities and financial liabilities designated at initial
recognition as measured at fair value through profit or loss. For such financial liabilities subsequent measurements are made at fair value and gains
or losses resulting from changes in fair value as well as dividends and interest expenses related to such financial liabilities are recognized in the
gains and losses of current period.Financial liabilities measured at amortized cost
Other financial liabilities are measured with effective interest rate method at amortized cost and any gains or losses arising from derecognition or
amortization are recognized in the gains and losses of current period.The distinction between financial liabilities and equity instruments
Financial liabilities refer to liabilities that meet one of the following conditions:
* The contractual obligation to deliver cash or other financial assets to other parties.* Contractual obligations to exchange financial assets or liabilities with other parties under potential adverse conditions.* Non-derivative instrument contracts that require or can be settled with the company’s own equity instruments in the future and the company will
deliver a variable number of its own equity instruments according to this contract.* Derivative instrument contracts that require or can be settled with the company’s own equity instruments in the future except for derivative
instrument contracts where a fixed amount of self-equity instruments is exchanged for a fixed amount of cash or other financial assets.Equity instruments refer to contracts that prove ownership of the remaining equity in assets of a certain enterprise after deducting all liabilities.If the company cannot unconditionally avoid fulfilling a contractual obligation by delivering cash or other financial assets such contractual
obligation meets the definition of financial liability.If a financial instrument needs to be settled or can be settled with the company’s own equity instruments it is necessary to consider whether the
company’s own equity instruments used to settle the instrument are used as substitutes for cash or other financial assets or to enable the holder of the
instrument to enjoy the remaining equity in the assets after deducting all liabilities from the issuer. If it is the former the instrument is the financial
liability of the company; If it is the latter the instrument is the equity instrument of the company.
(4) Derivative financial instruments and embedded derivative instruments
51深圳市深粮控股股份有限公司2026年半年度报告全文
The derivative financial instruments of the company are initially measured at fair value on the date of signing the derivative transaction contract and
are subsequently measured at their fair value. The derivative financial instruments with a positive fair value are recognized as an asset while those
with a negative fair value are recognized as a liability. Any gains or losses arising from changes in fair value that do not comply with hedge
accounting regulations are directly recognized in the gains and losses of current period.For mixed instruments containing embedded derivative instruments in case the main contract is a financial asset the relevant provisions for financial
asset classification shall apply to the mixed instruments as a whole. If the main contract is not a financial asset and the mixed instrument is not
measured at fair value through gains and losses the embedded derivative instrument is not closely related to the main contract in terms of economic
characteristics and risks and has the same conditions as the embedded derivative instrument and the separate instrument meets the definition of a
derivative instrument the embedded derivative instrument is separated from the mixed instrument and treated as a separate derivative financial
instrument. If it is not possible to separately measure embedded derivative instruments at the time of acquisition or subsequent balance sheet dates
the mixed instrument as a whole shall be designated as a financial asset or liability measured at fair value with its changes recognized in the gains
and losses of current period.
(5) Fair value of financial instruments
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the
measurement date.For financial assets or financial liabilities with an active market the Company determines their fair value by adopting quoted prices in the active
market. Where no active market exists for a financial instrument the Company determines its fair value using valuation techniques.The Company applies valuation techniques that are appropriate in the circumstances and for which sufficient data and other information are
available. It gives priority to relevant observable inputs and uses unobservable inputs only when observable inputs are not available or cannot be
practicably obtained.Assets and liabilities measured or disclosed at fair value in the financial statements are categorized within the fair value hierarchy based on the
lowest?level input that is significant to the fair?value measurement as a whole. Level?1 inputs are unadjusted quoted prices in active markets for
identical assets or liabilities accessible at the measurement date. Level?2 inputs are inputs other than Level?1 inputs that are observable for the
relevant assets or liabilities either directly or indirectly. Level?3 inputs are unobservable inputs for the relevant assets or liabilities.At each balance?sheet date the Company re?assesses assets and liabilities recognised in the financial statements that are continuously measured at
fair value to determine whether transfers have occurred between levels in the fair?value hierarchy.
(6) Impairment of financial assets
Based on expected credit losses the company conducts impairment accounting treatment and recognizes loss provisions for the following items:
Financial assets measured at amortized cost;
Accounts receivable and debt instrument investments measured at fair value with changes recognized in other comprehensive income;
Contract assets defined in Enterprise Accounting Standard No. 14- Revenue;
Lease receivables;
Financial guarantee contracts (excluding those measured at fair value through profit or loss transfer of financial assets that do not meet the
termination recognition conditions or continued involvement in the transferred financial assets).Measurement of expected credit losses
52深圳市深粮控股股份有限公司2026年半年度报告全文
Expected credit loss refers to the weighted average of credit losses of financial instruments weighted by the risk of default. Credit loss refers to the
present value of all cash shortages which is the difference between all contractual cash flows receivable discounted at the original effective interest
rate and expected cash flows received by the company.Considering reasonable and evidence-based information regarding past events current conditions and predictions of future economic conditions
with the risk of default as the weight the company calculates the probability weighted amount of the present value of the difference between the cash
flows receivable under the contract and the expected cash flows to be received and recognize the expected credit loss.The company measures the expected credit losses of financial instruments at different stages separately. If the credit risk of financial instruments has
not significantly increased since initial recognition they are in the first stage and the company measures the loss provision based on the expected
credit losses within the next 12 months; If the credit risk of a financial instrument has significantly increased since initial recognition but has not yet
experienced credit impairment it is in the second stage and the company measures the provision for losses based on the expected credit losses of the
instrument over its entire duration; If a financial instrument has experienced credit impairment since its initial recognition it is in the third stage and
the company measures the provision for losses based on the expected credit losses of the instrument over its entire duration.For financial instruments with lower credit risk on the balance sheet date the company assumes that their credit risk has not significantly increased
since initial recognition and measures loss provisions based on expected credit losses over the next 12 months.The expected credit loss for the entire expected duration of a financial instrument refers to the expected credit loss caused by all possible default
events that may occur throughout the expected duration of the financial instrument. The expected credit loss within the next 12 months implies the
expected credit loss that may occur due to a default event of a financial instrument within the next 12 months after the balance sheet date (within the
expected duration in case the expected maturity of the financial instrument is less than 12 months) which is a part of the expected credit loss for the
entire duration).When measuring expected credit losses the longest term that the company needs to consider is the longest contract term that the enterprise faces
credit risk (including considering renewal options).For financial instruments in the first and second stages as well as those with lower credit risk the company calculates interest income based on their
book balance without deducting impairment provisions and actual interest rate. For financial instruments in the third stage interest income is
calculated based on their book balance minus the amortized cost of impairment provisions and the actual interest rate.For receivables such as notes receivable accounts receivable and other receivables if the credit risk characteristics of a certain customer are
significantly different from those of other customers in the portfolio or if there is a significant change in the credit risk characteristics of that
customer the company will make individual separate bad debt reserve for that receivable. Except for accounts receivable with individual bad debt
reserve the company classifies accounts receivable into portfolios based on credit risk characteristics and calculates bad debt reserve on the basis of
portfolio.Notes receivable accounts receivable and contract assets
For notes receivable and accounts receivable regardless of whether there are significant financing components the company always measures its
loss provision at an amount equivalent to the expected credit loss for the entire duration.When it is unable to assess the expected credit losses of a single financial asset at a reasonable cost the company categories accounts receivable and
notes receivable into portfolios based on credit risk characteristics calculates expected credit losses on the basis of portfolio and determines the
basis for portfolio and the method for measuring expected credit losses as follows:
A. Notes receivable
Accounts receivable portfolio 1: Bank acceptance bill
Accounts receivable portfolio 2: Commercial acceptance bill
53深圳市深粮控股股份有限公司2026年半年度报告全文
B. Accounts receivable
Accounts receivable portfolio 1: Sales receivables portfolio
Accounts receivable portfolio 2: Specific object portfolio
For accounts receivable and contract assets classified into portfolio the company based on historical credit loss experience combined with current
conditions and predictions of future economic conditions calculate the expected credit loss by default risk exposure and the expected credit loss rate
for the entire duration
For accounts receivable classified into portfolio the company based on historical credit loss experience combined with current conditions and
predictions of future economic conditions prepare a comparison table between the aging of accounts receivable and the expected credit loss rate for
the entire duration and calculate the expected credit loss. The aging of the accounts receivable is calculated since the recognition date of accounts
receivable.Other receivables
The company categories other receivables into several combinations based on credit risk characteristics calculates expected credit losses on the
basis of portfolio and determines the basis for portfolio as follows:
Other accounts receivable portfolio 1: Expected portfolio of credit risk characteristics
Other accounts receivable portfolio 2: Specific object portfolio
For other receivables classified into portfolio the company based on historical credit loss experience calculate the expected credit loss by default
risk exposure and the expected credit loss rate over the next 12 months or the entire duration. The aging of the accounts receivable is calculated
since the recognition date of other accounts receivable.Debt investment and other debt investments
For debt investments and other debt investments the company calculates expected credit losses based on the nature of the investment various types
of counterparties and risk exposure default risk exposure and expected credit loss rate for the next 12 months or the entire duration.Assessment of significant increase in credit risk
The company compares the risk of default of financial instruments on the balance sheet date with the risk of default on the initial recognition date to
determine the relative change in default risk during the expected duration of financial instruments in order to evaluate whether the credit risk of
financial instruments has significantly increased since initial recognition.When determining whether credit risk has significantly increased since initial recognition the company considers reasonable and evidence-based
information including forward-looking information that can be obtained without unnecessary additional costs or efforts. The information considered
by the company includes:
The debtor fails to pay the principal and interest on the due date of the contract;
Serious deterioration of external or internal credit ratings (if any) of financial instruments that have occurred or are expected to occur;
Serious deterioration of the debtor's operating results that has occurred or is expected to occur;
Existing or anticipated changes in technology market economy or legal environment that will have a significant adverse impact on the
debtor's ability to repay the company.Based on the nature of financial instruments the company evaluates whether credit risk significantly increases based on individual financial
instruments or combinations of financial instruments. When performing assessment based on financial instruments portfolio the company can
classify financial instruments based on common credit risk characteristics such as overdue information and credit risk ratings.
54深圳市深粮控股股份有限公司2026年半年度报告全文
If the overdue period exceeds 30 days the company determines that the credit risk of the financial instrument has significantly increased.Financial assets that have experienced credit impairment
The company assesses on the balance sheet date whether financial assets measured at amortized cost and debt investments measured at fair value
with changes recognized in other comprehensive income have experienced credit impairment. When one or more events that have an adverse impact
on the expected future cash flows of a financial asset occur the financial asset becomes a financial asset that has experienced credit impairment.Evidence of credit impairment of financial assets includes the following observable information:
The issuer or debtor encounters significant financial difficulties;
The debtor violates the contract such as paying interest or principal in default or overdue;
Due to economic or contractual considerations related to the financial difficulties of the debtor the company will not make any
concessions to the debtor under any other circumstances;
The debtor is likely to go bankrupt or undergo other financial restructuring;
The financial difficulties of the issuer or debtor have led to the disappearance of the active market for the financial asset.Reporting of provisions for expected credit losses
To reflect the changes in credit risk of financial instruments since initial recognition the company remeasures expected credit losses on each balance
sheet date. The consequent increase or reversal of loss provisions should be recognized as impairment losses or gains in the gains and losses of
current period. For financial assets measured at amortized cost the provision for losses shall offset the booking amount of the financial asset as
stated in the balance sheet; For debt investments measured at fair value with changes recognized in other comprehensive income the loss provision
shall be recognized in other comprehensive income and does not offset the booking amount of the financial asset.Written off
If the company no longer reasonably expects the cash flow of the financial asset contract to be fully or partially recovered the book amount of the
financial asset shall be directly written down. This writes down constitutes the derecognition of related financial assets. This situation usually occurs
when the company determines that the debtor does not have assets or sources of income to generate sufficient cash flow to repay the amount to be
written down. However according to the company’s procedures for recovering due payments the financial assets that have been written down may
still be affected by execution activities.In case financial assets that have been written down are subsequently recovered the reversed impairment losses shall be booked into the gains and
losses of current period.
(7) Financial asset transfer
Financial asset transfer refers to the transfer or delivery of financial assets to another party (transferee) other than the issuer of the financial asset.If the company has transferred almost all the risks and rewards of ownership of financial assets to the transferee the financial asset shall be
derecognized; If almost all risks and rewards related to ownership of financial assets are retained the financial asset will not be derecognized.In case the company neither transfers nor retains almost all the risks and rewards related to the ownership of financial assets the following situations
shall be handled separately: if the control over the financial asset is abandoned the financial asset shall be derecognized and the resulting assets and
liabilities shall be recognized; if the control over the financial asset is not abandoned the relevant financial asset shall be recognized based on the
continued involvement of the company in the transferred financial asset and corresponding liabilities shall be recognized.
55深圳市深粮控股股份有限公司2026年半年度报告全文
(8) Balance-out between the financial assets and liabilities
As the company has the legal right to balance out the financial liabilities by the net or liquidation of the financial assets the balance-out sum
between the financial assets and liabilities is listed in the balance sheet. In addition the financial assets and liabilities are listed in the balance sheet
without being balanced out.
12. Note receivable
13. Account receivable
14. Receivable financing
15. Other account receivable
16. Contract asset
17. Inventory
(1) Classification of inventory
Inventory includes raw materials revolving material goods in process goods in transit and work in process-outsourced and so on.
(2) Valuation methods for delivery of inventory
The inventory of the company is valued at actual cost upon acquisition. The raw materials and inventory goods are priced using the weighted
average method or individual valuation method at the time of shipping.
(3) Determination basis and provision method for inventory depreciation reserves
On the balance sheet date inventory is measured at the lower between cost and net realizable value. When its net realizable value is lower than cost
the inventory impairment provision is made.The net realizable value is the amount obtained by subtracting the estimated cost to be incurred until completion estimated sales expenses and
related taxes from the estimated selling price of inventory. When determining the net realizable value of inventory it is based on conclusive evidence
obtained while considering the purpose of holding inventory and the impact of events after the balance sheet date.The company usually makes inventory impairment provision based on individual inventory items.On the balance sheet date if the factors affecting the previous write-down of inventory value have disappeared the inventory impairment provision
shall be reversed within the originally provisioned amount.
(4) Inventory system
Inventory system is the perpetual inventory system.
(5) Amortization of low-value consumables and packaging materials
Low-value consumables and packaging materials adopt the method of primary resale;
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18.Asset held for sale
(1) Recognition criteria and accounting treatment for non-current assets or disposal groups classified as held-for-sale category
In case the company recovers the carrying value of a non-current asset or a disposal group mainly through selling (including non-monetary asset
exchanges with commercial substance) rather than continuous use such non-current asset or disposal group shall be classified as held-for-sale
category.The above-mentioned non-current assets do not include investment real estate measured subsequently at fair value biological assets measured at the
net amount of fair value minus selling expenses assets formed from employee benefits financial assets deferred income tax assets and rights
arising from insurance contracts.A disposal group refers to a group of assets that are disposed of as a whole through sale or other means in a single transaction as well as the
liabilities directly related to these assets that are transferred in the transaction. Under certain circumstances a disposal group includes goodwill
obtained in a business combination.Non-current assets or disposal groups that meet the following conditions simultaneously shall be classified as held-for-sale category categories: In
accordance with the practice of selling such assets or disposal groups in similar transactions the non-current assets or disposal groups can be sold
immediately in their current state; the sale is highly likely to occur that is a resolution has been made on a sales plan and a firm purchase
commitment has been obtained and it is expected that the sale will be completed within one year. In the case of losing control over a subsidiary due
to reasons such as the sale of investment in the subsidiary regardless of whether the company retains part of the equity investment after the sale
when the investment in the subsidiary to be sold meets the classification conditions for the held-for-sale category the investment in the subsidiary
as a whole shall be classified as the held-for-sale category in the individual financial statements and all the assets and liabilities of the subsidiary
shall be classified as the held-for-sale category in the consolidated financial statements.When initially measuring or re-measuring a non-current asset or disposal group held-for-sale at the balance sheet date the difference between the
carrying value and the net amount of fair value minus selling expenses shall be recognized as an asset impairment loss. For the amount of asset
impairment loss recognized for a disposal group held-for-sale the carrying value of the goodwill in the disposal group shall be offset first and then
the carrying values of the various non-current assets in the disposal group shall be offset proportionally according to the proportion of their
respective carrying values.If the net amount of the fair value of a non-current asset or disposal group held-for-sale minus selling expenses increases at a subsequent balance
sheet date the previously written-down amount shall be restored and reversed within the amount of asset impairment loss recognized after being
classified as held-for-sale category and the reversed amount shall be included in the current gains/losses. The written-down carrying value of the
goodwill shall not be reversed.The non-current assets held-for-sale and the assets in the disposal group held-for-sale shall not be depreciated or amortized; the interest and other
expenses of the liabilities in the disposal group held-for-sale shall continue to be recognized. For all or part of the investment in associated
enterprise or joint venture classified as held-for-sale category the equity method of accounting shall be suspended for the part classified as held-for-
sale and the retained part not classified as held-for-sale category shall continue to be accounted with the equity method; in case the company loses
significant influence over the associated enterprise or joint venture due to sale the equity method of accounting shall be suspended.If a certain non-current asset or disposal group is classified as held-for-sale category but later no longer meets the classification conditions for held-
for-sale category the company shall stop classifying it as held-for-sale category and measure it at the lower of the following two amounts:
* The carrying value of the asset or disposal group before it was classified as held-for-sale category adjusted according to the depreciation
amortization or impairment that should have been recognized assuming it had not been classified as held-for-sale category;
* The recoverable amount.
(2) Recognition criteria for discontinued operations
Discontinued operation refers to a separately distinguishable component that has been disposed of by the company or classified as held-for-sale
category by the company and meets one of the following conditions:
* The component represents an independent major business or a separate major operating region.* The component is part of a related plan for the disposal of an independent major business or a separate major operating region.* The component is a subsidiary acquired specifically for resale.
57深圳市深粮控股股份有限公司2026年半年度报告全文
(3) PresentationThe company presents the non-current assets held-for-sale or the assets in the disposal group held-for-sale in the balance sheet in “Assets held-for-sale” and presents the liabilities in the disposal group held-for-sale in “Liabilities held-for-sale”.The company presents the gains/losses from continuing operations and the gains/losses from discontinued operations separately in the income
statement. For non-current assets or disposal groups held-for-sale that do not meet the definition of discontinued operations their impairment losses
reversal amounts and disposal gains/losses are presented as the gains/losses from continuing operations. The impairment losses reversal amounts
and other operating gains/losses as well as disposal gains/losses of discontinued operations are presented as gains/losses from discontinued
operations.A disposal group that is intended to be taken out of use rather than sold and meets the conditions of the relevant component in the definition of
discontinued operations shall be presented as a discontinued operation as of the date of its cessation of use.For the discontinued operations presented in the current period in the current financial statements the information that was originally presented as
gains/losses from continuing operations is re-presented as gains/losses from discontinued operations for the comparable accounting period. If a
discontinued operation no longer meets the classification conditions for the held-for-sale category in the current financial statements the
information that was originally presented as gains/losses from discontinued operations is re-presented as gains/losses from continuing operations for
the comparable accounting period.
19.Creditors’ investment
20.Other creditors’ investment
21.Long-term accounts receivable
22.Long-term equity investment
Long term equity investments include equity investments in subsidiaries joint ventures and associated enterprises. In the joint venture the company
is capable of exerting significant influence on the invested entity.
(1) Determination of initial investment cost
Long term equity investments formed from enterprise merge: For long-term equity investments obtained through merge of enterprise under the same
control the investment cost shall be determined based on the share of the book value of the the shareholders’ equity of the merged party in the
consolidated financial statements of the final controller on the merger date; The long-term equity investment obtained through the merger of
enterprises not under the same control shall be recognized as the investment cost of the long-term equity investment based on the merger cost.Long-term equity investments obtained through other means: For the long-term equity investments obtained by paying cash the actual purchase
price paid shall be the initial investment cost; For long-term equity investments obtained through the issuance of equity securities the fair value of
the issued equity securities shall be the initial investment cost.
(2) Subsequent measurement and recognition methods of gains and losses
Investments in subsidiaries are measured with the cost method unless the investment meets the conditions for holding for sale; Investments in
associated enterprises and joint ventures are measured with equity method.For the long-term equity investments measured with cost method except for cash dividends or profits declared but not yet distributed in the actual
payment or consideration received at the time of investment the cash dividends or profits declared by the investee shall be recognized as investment
income and booked into gains and losses in current period.For long-term equity investments measured with the equity method if the initial investment cost is greater than the fair value of identifiable net
assets of the invested entity held at the time of investment the investment cost of the long-term equity investment shall not be adjusted; If the initial
58深圳市深粮控股股份有限公司2026年半年度报告全文
investment cost is less than the fair value of the identifiable net assets of the invested entity held at the time of investment the book value of the
long-term equity investment shall be adjusted and the difference shall be recognized in the gains and losses of the investment period.When measured with equity method investment income and other comprehensive income shall be recognized separately based on the share of net
gains and losses and other comprehensive income that should be enjoyed or shared by the invested entity and the book value of long-term equity
investments shall be adjusted; The book value of long-term equity investments shall be reduced correspondingly in terms of the portion that should
be enjoyed based on the profits or cash dividends declared by the invested entity; Other changes in shareholders’ equity of the invested entity
except for net gains and losses other comprehensive income and profit distribution shall adjust the book value of long-term equity investments and
be booked into capital reserves (other capital reserves).Based on the fair value of identifiable assets of the invested entity at the time of acquisition of the investment the share of net gains and losses that
should be enjoyed in the invested entity shall be adjusted according to the accounting policies and accounting periods of the company before
recognition.If significant influence or joint control can be exerted on the invested entity due to additional investment or other reasons but does not constituting
control on the conversion date the initial investment cost measured again with equity method shall be the sum of the fair value of the original equity
and the additional investment cost. If the original equity is classified as a non-trading equity instrument investment measured at fair value with
changes recognized in other comprehensive income the cumulative fair value changes related that were originally recognized in other
comprehensive income shall be transferred to retained income when the equity method is used for accounting.If the joint control or significant impact on the invested entity is lost due to the disposal of some equity investments or other reasons the remaining
equity after disposal shall be subject to accounting treatment in accordance with Accounting Standards for Enterprises No. 22- Recognition and
Measurement of Financial Instruments on the date of loss of joint control or significant impact and the difference between fair value and book value
shall be recognized in gains and losses in current period. Other comprehensive income recognized for equity investments with equity method shall be
measured on the same basis as the direct disposal of relevant assets or liabilities by the invested entity when the equity method is terminated; Other
changes in shareholders' equity related to the original equity investment are transferred to gains and losses in current period.If control over the investee is lost due to the disposal of a portion of equity investment or other reasons and the remaining equity after disposal can
exercise joint control or significant influence over the investee it shall be measured with equity method and the remaining equity shall be deemed to
be adjusted with the equity method from the time of acquisition; If the remaining equity after disposal cannot exercise joint control or have a
significant impact on the invested entity it shall be measured in accordance with the relevant provisions of Enterprise Accounting Standard No. 22-
Recognition and Measurement of Financial Instruments. The difference between the fair value and the book value on the date of loss of control shall
be recognized in gains and losses in current period.If the shareholding ratio of the Company decreases due to capital increase by other investors and the company loses control over the invested entity
but is able to exercise joint control or exert significant influence on the invested entity the Company shall recognize the rising net assets of the
invested entity held by the company due to capital increase and share expansion according to the new shareholding ratio and the difference between
the original book value of the long-term equity investment corresponding to the decrease in shareholding ratio that should be carried forward shall be
included in the current gains and losses and then it shall be adjusted in terms of the new shareholding ratio just as it is measured with equity method
when the investment is obtained.The unrealized internal transaction gains and losses between the Company and its associated enterprises and joint ventures shall be calculated in
terms of the proportion of shareholding and recognized as investment gains and losses on the basis of offsetting. However the unrealized internal
transaction losses incurred by the Company and the invested entity which is the impairment losses of the transferred assets shall not be offset.
(3) Criteria of joint control and significant influence
Joint control is the Company’s contractually agreed sharing of control over an arrangement which relevant activities of such arrangement must be
decided by unanimously agreement from parties who share control. When determining whether there is joint control firstly judge whether all the
59深圳市深粮控股股份有限公司2026年半年度报告全文
participants or participant group have controlling over such arrangement as a group or not and then judge whether the decision-making for such
arrangement are agreed unanimity by the participants or not. If all participants or a group of participants must act together to determine the relevant
activities of a certain arrangement it is considered that all participants or a group of participants collectively control the arrangement; If there are two
or more portfolios of participants to collectively control a certain arrangement it does not constitute joint control. When determining whether there is
joint control the protective rights enjoyed are not considered.Significant influence is the power of the Company to participate in the financial and operating policy decisions of an invested party but to fail to
control or joint control the formulation of such policies together with other parties. When determining whether significant influence can be exerted
on the invested entity the potential factors of voting power as current convertible bonds and current executable warrant of the invested party held by
investors and other parties shall be considered.When the company directly or indirectly owns more than 20% (inclusive) but less than 50% of the voting shares of the invested entity through its
subsidiaries it is generally considered to have a significant impact on the invested entity unless there is clear evidence that it cannot participate in
the production and operation decisions of the invested entity and does not form a significant impact; When the company owns less than 20%
(exclusive) of the voting shares of the invested entity it is generally not considered to have a significant impact on the invested entity unless there is
clear evidence that it can participate in the production and operation decisions of the invested unit and form a significant impact.
(4) Equity investments held-for-sale
In case all or part of the equity investments in associated enterprise or joint venture are classified as assets held-for-sale the relevant accounting
treatments are shown in Note III.14.The remaining equity investments that have not been classified as assets held-for-sale will be accounted with the equity method.If the equity investments in associated enterprise or joint venture that have been classified as assets held-for-sale no longer meet the classification
conditions for assets held-for-sale retrospective adjustment shall be made with the equity method starting from the date when they were classified
as assets held-for-sale.
(5) Impairment testing methods and impairment provision methods
Refer to Note III.30 of auditor’s report for the method for making asset impairment for investments in subsidiaries associated enterprises and joint
ventures.
23. Investment real estate
Measurement model for investment real estate
Measured with cost method
Depreciation or amortization methods
Investment real estate refers to real estate held for the purpose of earning rent or capital appreciation or both. The company’s investment real estate
includes leased land use rights land use rights held and prepared for transfer after appreciation and leased buildings.The company's investment real estate is initially measured at cost at the time of acquisition and depreciated or amortized on a regular basis in
accordance with relevant regulations for fixed or intangible assets.For investment properties that are subsequently measured with cost model the method for impairment of assets is shown in Note V. 30.The difference between the disposal income from sale transfer scrapping or damage of investment real estate after deducting its book value and
related taxes and fees is recognized in gains and losses in current period.
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24. Fixed assets
(1) Recognition conditions
The company’s fixed assets refer to tangible assets held for the production of goods provision of services rental or business management with a
useful life exceeding one accounting year.Fixed assets can only be recognized when the economic benefits related to the fixed asset are likely to flow into the enterprise and the cost of the
fixed asset can be reliably measured.The company’s fixed assets are initially measured at their actual cost at the time of acquisition.Subsequent expenses related to fixed assets are recognized as fixed asset costs when the economic benefits related to them are likely to flow into the
company and their costs can be reliably measured; The daily repair expenses of fixed assets that do not meet the subsequent expenditure conditions
for capitalization of fixed assets shall be recognized in gains and losses in current period or in the cost of related assets according to the beneficiaries
at the time of occurrence. For the replaced part its book value shall be terminated.
(2) Depreciation method
Category Method Years of depreciation Scrap value rate Yearly depreciation rate
House and buildings
Production buildings Straight-line depreciation 20-35 5.00% 4.75%-2.71%
Non-production buildings Straight-line depreciation 20-40 5.00% 4.75%-2.38%
Temporary dormitory and simple room etc. Straight-line depreciation 5-15 5.00% 19.00%-6.33%
Gas storage bin Straight-line depreciation 20 5.00% 4.75%
Silo Straight-line depreciation 50 5.00% 1.90%
Wharf and supporting facilities Straight-line depreciation 50 5.00% 1.90%
Machinery equipment Straight-line depreciation
Other machinery equipment Straight-line depreciation 10-20 5.00% 9.50%-4.75%
Warehouse transmission equipment Straight-line depreciation 20 5.00% 4.75%
Transport equipment Straight-line depreciation 3-10 5.00% 31.67%-9.50%
Electronic equipment and others Straight-line depreciation 2-10 5.00% 47.50%-9.50%
Among them for fixed assets with impairment provision the cumulative amount of impairment provision of fixed assets should also be deducted to
determine the depreciation rate.
(1) The methods for impairment testing of fixed assets and the methods for making impairment provision are described in Note V. 30.
(2) At the end of each year the company reviews the useful lives estimated residual values and depreciation methods of its fixed assets.
If there is a difference between the expected useful life and the original estimate the useful life of the fixed asset shall be adjusted; if there is a
difference between the estimated residual value and the original estimate the estimated residual value shall be adjusted.
(3) Disposal of fixed assets
When a fixed asset is disposed of or it is expected that no economic benefits arise from its use or disposal such fixed asset shall be de-recognized.The amount obtained from the disposal of fixed asset (including sales transfers scrapping or damage) after deducting its carrying value and
relevant taxes and fees shall be included in the current gains/losses.
25. Construction in progress
The cost of construction in progress of the company is determined based on actual project expenses including necessary project expenses incurred
during the construction period borrowing costs that should be capitalized before the project reaches its intended usable state and other related
expenses.
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Construction in progress is transferred to fixed assets when it reaches its intended usable state.The method for impairment of assets for construction in progress can be found in Note V.30 of the auditor’s report.
26. Borrowing expenses
(1) Recognition of the borrowing expenses capitalization
The borrowing costs incurred by the company which can be directly attributed to the acquisition construction or production of assets that meet the
capitalization conditions shall be capitalized and included in the relevant asset costs; Other borrowing costs are recognized as expenses based on
their amount at the time of occurrence and included in the current profit and loss. The borrowing costs meeting the following conditions
simultaneously shall be capitalized:
* Asset expenses have already occurred including expenses incurred in the form of cash payments transfer of non-cash assets or assuming interest
bearing debts for the purchase construction or production of assets that meet capitalization conditions;
* The borrowing costs have already been incurred;
* The necessary purchase construction or production activities to bring the assets to their intended usable or saleable state have already begun.
(2) During the capitalization period of borrowing costs
When assets purchased or produced by the company that meet capitalization conditions reach the intended usable or saleable state the capitalization
of borrowing costs shall be ceased. The borrowing costs incurred after the assets that meet the capitalization conditions reach their intended usable or
saleable status are recognized as expenses based on their amount at the time of occurrence and recognized in gains and losses in current period.If assets that meet the capitalization criteria experience abnormal interruptions during the purchase construction or production process and the
interruption lasts for more than three consecutive months the capitalization of borrowing costs shall be suspended; The borrowing costs during the
normal interruption period continue to be capitalized.
(3) The capitalization rate of borrowing costs and the calculation method of capitalization amount
The actual interest expenses incurred in the current period of specialized borrowing minus the interest income obtained from depositing unused
borrowing funds into banks or the investment income obtained from temporary investments shall be capitalized; The capitalization amount of
general borrowing is determined by multiplying the weighted average of the accumulated asset expenditures that exceed the portion of specialized
borrowing by the capitalization rate of the general borrowing used. The capitalization rate is determined based on the weighted average interest rate
of general borrowing.During the capitalization period all exchange differences on foreign currency borrowings shall be capitalized; The exchange difference of foreign
currency general borrowings is recognized in gains and losses in current period.
27. Biological assets
(1) Criteria for determining biological assets
Biological assets refer to assets composed of living animals and plants. Biological assets that simultaneously meet the following conditions shall be
recognized:
* Asset expenses have already occurred including expenses incurred in the form of cash payments transfer of non-cash assets or assuming interest
bearing debts for the purchase construction or production of assets that meet capitalization conditions;
* The borrowing costs have already been incurred;
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* The necessary purchase construction or production activities to bring the assets to their intended usable or saleable state have already begun.
(2) Classification of biological assets
The biological assets of the company include productive biological assets.* Productive biological assets
The biological assets of the company are productive biological assets. Productive biological assets refer to biological assets held for the purpose of
producing agricultural products providing services or renting. Productive biological assets are initially measured at cost. Subsequent expenses
incurred on productive biological assets after achieving the intended production and operation objectives are recognized in gains and losses in
current period.The management and feeding expenses incurred after the closure or achievement of the intended production and operation objectives of productive
biological assets are presented in the current gains/losses.The main productive biological assets of the company are tea trees. For productive biological assets that achieve the predetermined production and
operation objectives depreciation is made with the straight-line method. The useful life is determined as the remaining life of land use after
deducting the immature period of tea trees (5 years) with a residual value rate of 5.00%. After deducting residual value from the estimated useful
life of biological assets the depreciation rate is determined as follows:
the company shall review the useful life estimated net residual value and depreciation method of productive biological assets at least at the end of
the year. Any changes shall be treated as changes in accounting estimates.The difference between the disposal income from the sale inventory loss death or damage of productive biological assets after deducting their book
value and related taxes and fees is recognized in gains and losses in current period.
(3) Treatment of impairment of biological assets
If the net realizable value of consumable biological assets is lower than their book value a impairment provision of biological assets shall be made in
terms of the difference between the net realizable value and the book value and shall be booked into gains and losses in current period. If the factors
affecting the impairment of consumable biological assets have disappeared the write-down amount should be restored and reversed within the
original impairment provision and the reversed amount should be recognized in gains and losses in current period.The method for impairment of productive biological assets can be found in Note V. 30 of the auditor’s report.No impairment provision is made for public welfare biological assets.
28. Oil and gas assets
29. Intangible assets
(1) Service life and its determination basis estimated situation amortization method or review procedure
The intangible assets of the company include land use rights forest use rights trademark use rights store operation rights software use rights
patents and others.Intangible assets are initially measured at cost and analyzed for their useful life upon acquisition. For intangible assets with a limited useful life the
amortization method that reflects the expected realization of economic benefits related to the asset shall be adopted from the time when the
intangible asset is available for use and shall be amortized within the expected useful life; If the expected implementation method cannot be reliably
determined the straight-line method shall be used for amortization; Intangible assets with uncertain useful lives are not amortized.
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The amortization method for intangible assets with limited service life is as follows:
Estimation of the service life of intangible assets with limited service life
Item Useful life Basis Amortization method Note
Land use right Amortized the actual rest of life after Certificate of land use right Straight-line method
certificate of land use right obtained
Forest tree use right Service life arranged Protocol agreement Straight-line method
Trademark use right 10 years Actual situation of the Company Straight-line method
Shop management Service life arranged Protocol agreement Straight-line method
right
Software use right 5-8 years Protocol agreement Straight-line method
Patents and others 20 years Actual situation of the Company Straight-line method
At the end of each fiscal year the company reviews the useful life and amortization method of intangible assets with limited useful lives. If there are
differences from previous estimates the original estimates will be adjusted and treated as changes in accounting estimates.If it is expected that a certain intangible asset will no longer bring future economic benefits to the enterprise on the balance sheet date the book value
of the intangible asset shall be fully transferred to the gains and profits of current period.The impairment method for intangible assets can be found in Note V.30 of the auditor’s report.
(2) The collection scope and related accounting treatment methods of R&D expenditure
The R&D expenses of the company are directly related to our R&D activities including employee salaries direct investment expenses depreciation
expenses and long-term deferred expenses design expenses equipment debugging expenses intangible asset amortization expenses and other
expenses. The salaries of R&D personnel are allocated to R&D expenses based on project working hours. The sharing of equipment production lines
and venues between R&D activities and other production and operation activities is allocated as R&D expenses based on the proportion of working
hours and area.The company distinguishes the expenses for internal R&D projects into research stage expenses and development stage expenses.The expenses incurred during the research phase are recognized in the gains and profits of current period when incurred.Expenditures during the development phase can only be capitalized if they meet the following conditions: completing the intangible asset to make it
technically feasible for use or sale; Has the intention to complete the intangible asset and use or sell it; The ways in which intangible assets generate
economic benefits including the ability to prove that the products produced with the intangible asset or the intangible asset are marketable and the
ability to prove its usefulness if the intangible asset will be used internally; Have sufficient technical financial and other resources to support the
development of the intangible asset and the ability to use or sell the intangible asset; The expenses attributable to the development stage of the
intangible asset can be reliably measured. Development expenses that do not meet the above conditions are recognized in the gains and profits of
current period.After meeting the above conditions and conducting technical and economic feasibility studies the company's R&D project enters the development
stage after being approved.The capitalized expenses during the development stage are listed as development expenses on the balance sheet and are converted into intangible
assets from the date the project reaches its intended use.
30. Impairment of long-term assets
The impairment of assets such as long-term equity investments in subsidiaries associated enterprises and joint ventures investment real estate fixed
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assets construction in progress productive biological assets measured with cost models right-of-use assets intangible assets and goodwill
(excluding inventory deferred income tax assets and financial assets) shall be determined with the following method:
On the balance sheet date it is determined whether there are any signs of possible impairment of assets. If there are signs of impairment the
company will estimate its recoverable amount and conduct impairment testing. Impairment tests are conducted annually for goodwill intangible
assets with uncertain useful lives and intangible assets that have not yet reached a usable state regardless of whether there are signs of impairment
resulting from business mergers.The recoverable amount is determined based on the higher of the net amount after deducting disposal expenses from the fair value of the asset and
the present value of the expected future cash flows of the asset. The company estimates its recoverable amount based on individual assets; If it is
difficult to estimate the recoverable amount of a single asset the recoverable amount of the asset group shall be determined based on the asset group
to which the asset belongs. The recognition of an asset group is based on whether the main cash inflows generated by the asset group are independent
of the cash inflows of other assets or asset groups.When the recoverable amount of an asset or asset group is lower than its book value the company will write down its book value to the recoverable
amount and the written down amount will be recognized in the gains and profits of current period while making corresponding provisions for asset
impairment.As for the impairment test of goodwill the book value of goodwill formed by enterprise merger shall be allocated to the relevant asset group in a
reasonable manner from the date of purchase; If it is difficult to allocate to the relevant asset groups allocate it to the relevant asset group portfolio.The relevant asset groups or asset group portfolio refer to asset groups or asset group portfolio that can benefit from the synergistic effects of
enterprise mergers and are not larger than the reporting branches determined by the company.When conducting impairment testing if there are signs of impairment in asset groups or asset group portfolios related to goodwill the first step is to
conduct impairment testing on asset groups or asset group portfolio that do not include goodwill calculate the recoverable amount and recognize the
corresponding impairment losses. Then conduct impairment tests on asset groups or asset group combinations containing goodwill and compare
their book value with their recoverable amount. If the recoverable amount is lower than the book value recognize impairment losses on goodwill.Once asset impairment losses are recognized they will not be reversed in future accounting periods.
31. Long term deferred expenses
The long-term deferred expenses incurred by the company are valued at actual cost and amortized on an average over the expected benefit period.For long-term deferred expenses that cannot benefit future accounting periods their amortized value is fully recognized in the gains and profits of
current period.
32. Contract liabilities
33. Employee compensation
(1)Short-term compensation
During the accounting period when the employees provider service to the company the actual employee wages bonuses medical insurance
premiums work-related injury insurance premiums maternity insurance premiums and housing provident fund paid to employees according to
prescribed standards and proportions are recognized as liabilities and included in the gains and profits of current period or related asset costs.
(2)Post employment benefits
The post employment welfare plan includes a defined contribution plan and a defined benefit plan. In the defined contribution plan the company no
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longer bears further payment obligations after paying fixed fees to an independent fund; A defined benefit plan refers to a post employment welfare
plan other than a defined contribution plan.Defined contribution plans
Include basic pension insurance unemployment insurance and enterprise annuity plans.During the accounting period when employees provide services the amount of contributions calculated based on the defined contribution plan is
recognized as liability and included in the gains or losses of current period or related asset costs.Defined benefit plans
For defined benefit plans the actuarial valuation is conducted by an independent actuary on the annual balance sheet date and the cost of providing
benefits is determined with the expected cumulative benefit unit method. The employee compensation cost resulting from the defined benefit plan set
by the company includes the following components:
* Service costs including current service costs past service costs and settlement gains or losses. Among them the current service cost refers to the
increase in the present value of obligations of the defined benefit plan caused by the provision of services by employees in the current period; The
past service cost refers to the increase or decrease in the present value of the defined benefit plan obligations related to employee services in the
previous period caused by the modification of the defined benefit plan.* The net interest on net liabilities or net assets of a defined benefit plan including interest income on assets of defined benefit plan interest
expenses on obligations of defined benefit plan and interest affected by asset cap.* The changes resulting from remeasuring the net liabilities or net assets of the defined benefit plan.Unless other accounting standards require or allow employee welfare costs to be included in asset costs the company will include items* and* in
the gains and profits of current period; The * is included in other comprehensive income and will not be reversed to profit or loss in subsequent
accounting periods. When the original defined benefit plan is terminated all the portion originally included in other comprehensive income will be
carried over to undistributed profits within the scope of equity.
(3)Termination benefits
If the company provides termination benefits to employees the employee compensation liability arising from termination benefits shall be
recognized and included in the gains and profits of current period as soon as possible when the company cannot unilaterally withdraw the
termination benefits provided due to the termination of labor relations plan or layoff proposal; When the company confirms the costs or expenses
related to restructuring involving payment of termination benefits.For those who implement an internal retirement plan for employees economic compensation before the official retirement date is considered as
termination benefits. During the period from the date the employee stops providing services to the normal retirement date the salary and social
insurance premiums to be paid to the retired employee shall be included in the current profit and loss in a lump sum. Economic compensation after
the official retirement date (such as normal pension) shall be treated as post employment benefits.
(4)Other long-term employee benefits
Other long-term employee benefits provided by the company to employees that meet the conditions for defined contribution plan shall be handled in
accordance with the relevant provisions on setting up a defined contribution plan mentioned above. Those which meet conditions for defined benefitplan shall be treated in accordance with the relevant provisions on the set benefit plan mentioned above. However “changes arising fromremeasuring the net liabilities or net assets of the set benefit plan” in the relevant employee compensation shall be included in the current profit and
loss or related asset cost.
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34. Accrual liability
The Company will recognize the obligations related to contingencies as expected liabilities when they meet the following conditions:
(1) The responsibility is a current responsibility undertaken by the Company;
(2) Fulfilling of the responsibility may lead to financial benefit outflow;
(3) The responsibility can be measured reliably for its value.
Accrual liabilities are initially measured based on the best estimate of the expenses required to fulfill current obligations taking into account factors
such as risk uncertainty and time value of money related to contingencies. If the time value of currency has a significant impact the best estimate is
determined by discounting the relevant future cash outflows. The company reviews the book value of estimated liabilities on the balance sheet date
and adjusts the book value to reflect the current best estimate.If all or part of the expenses required to settle the confirmed accrual liabilities are expected to be compensated by a third party or other parties the
compensation amount can only be separately recognized as an asset when it is basically certain that it will be received. The confirmed compensation
amount does not exceed the book value of the recognized liability.
35.Share-based payment
36. Other financial instrument of preferred stocks and perpetual bond
37. Revenue
Disclosure of accounting policies adopted for revenue recognition and measurement by business type
(1) General principles
The company recognizes revenue when the customer acquires control of the relevant goods or services in accordance with the contractual obligations.If the contract contains two or more performance obligations the company shall on the commencement date of the contract allocate the transaction
price to each individual performance obligation based on the relative proportion of the individual selling price of the goods or services promised by
each individual performance obligation and measure revenue based on the transaction price allocated to each individual performance obligation.If one of the following conditions is met it is to fulfill the performance obligation within a certain period of time; Otherwise it is to fulfil the
performance obligation at a certain point of time:
* The customer obtains and consumes the economic benefits brought by the company's performance at the same time as the company fulfills its
obligations.* Customers are able to control the goods under construction during the fulfillment process of the company.* The goods produced by the company during the performance process have irreplaceable uses and the company has the right to collect payments
for the cumulative completed performance portion throughout the entire contract period.For performance obligations performed during a certain period of time the company recognizes revenue based on the progress of performance
during that period. In case the progress of performance cannot be reasonably determined when the costs already incurred by the company are
expected to be compensated revenue shall be recognized in terms of the amount of costs already incurred until the progress of performance can be
reasonably determined.For performance obligations performed at a certain point of time the company recognizes revenue at the point when the customer obtains control of
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the relevant goods or services. When determining whether a customer has acquired control over goods or services the company will consider the
following signs:
* The company has the current payment right for the goods or services which means that the customer has a current payment obligation for the
goods.* The company has transferred the legal ownership of the product to the customer that is the customer already has legal ownership of the product.* The company has transferred the physical ownership of the product to the customer which means the customer has already taken possession of
the product.* The company has transferred the main risks and rewards of ownership of the product to the customer that is the customer has acquired the main
risks and rewards of ownership of the product.* The customer has accepted the product or service.* Other signs indicating that the customer has obtained control over the product.
(2) Specific methods
* Grain and oil trade and processing business
The revenue from sales of goods is recognized after the goods sold domestically have been delivered and meet the relevant terms and conditions
stipulated in the contract;
The revenue of export sales is recognized after the goods have been shipped and declared and meet the relevant terms and conditions stipulated in
the contract.* Grain and oil storage logistics and services
Dynamic grain and oil reserves and rotation services: recognize income when relevant labor activities occur. Specifically the income from grain and
oil reserves is calculated and recognized monthly based on the actual amount of grain and oil reserves and the reserve prices specified in the
Shenzhen Municipal Government Grain Reserve Cost Contract Operating Regulations and the Shenzhen Municipal Edible Vegetable Oil
Government Reserve Cost Contract Operating Regulations.The warehousing logistics and transshipment business including services such as warehousing loading onto ships direct pick-up fumigation and
transferring goods between warehouses is recognized by calculating according to the charging time and method stipulated in the contract or
agreement.* Food beverage and tea processing
The company shall recognize revenue when it has delivered the products to the buyers as agreed in the contract and obtained the buyers' receipt
confirmation the buyers have obtained the control of the products the payment has been received or the payment voucher has been obtained and the
relevant economic benefits are highly likely to flow in.* Leasing business
For property leasing services the realization of revenue shall be recognized on the date when the lessee is due to pay the rent as specified in the
transaction contract or agreement.* Other businesses
The revenue from property management services shall be recognized when the relevant labor services occur and the payment is received
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simultaneously or the voucher for receiving the payment is obtained.The revenue of other businesses shall be measured and recognized according to the charging time and method stipulated in the contract or agreement.In case similar businesses adopt different business models different revenue recognition methods and measurement methods will be involved.
38. Contract cost
The contract cost includes the incremental cost incurred to obtain the contract and the contract performance cost.The incremental cost incurred to obtain the contract refers to the cost that the company would not have incurred without obtaining the contract (such
as sales commission). The cost which is expected to be recovered will be recognized by the company as a contract acquisition cost and as an asset.Except for the expected incremental costs that can be recovered other expenses incurred by the company to obtain the contract shall be booked in the
gains and profits of current period.If the cost incurred in fulfilling a contract does not fall within the scope of accounting standards for other enterprises such as inventory and meets the
following conditions simultaneously the company recognizes it as a contract performance cost as an asset:
* The cost is directly related to a current or expected contract including direct labor direct materials manufacturing expenses (or similar expenses)
costs clearly borne by the customer and other costs incurred solely due to the contract;
* This cost increases the resources that the company will use in the future to fulfill its contractual obligations;
* The cost is expected to be recovered.The assets recognized for contract acquisition costs and the assets recognized for contract performance costs (hereinafter referred to as “assets relatedto contract costs”) are amortized on the same basis as the recognition of goods or services revenue related to the assets and are booked in the gains
and profits of current period. If the amortization period does not exceed one year it shall be recognized in the current profit and loss when it occurs.In case the book value of assets related to contract costs exceeds the difference between the following two items the company makes impairment
provisions for the excess and recognizes it as an asset impairment loss:
* The expected remaining consideration that the company can obtain for the transfer of goods or services related to the asset;
* The estimated cost to be incurred for the transfer of the relevant goods or services.
39. Government grant
Government grant is recognized when they meet the conditions attached to government grants and can be received.Government grant as monetary assets shall be measured at the amount received or receivable. The government grants as non-monetary assets shall be
measured at fair value; If the fair value cannot be reliably obtained it shall be measured at a nominal amount of 1 yuan.Asset-related government subsidies refer to government grants obtained by the company for the purchase construction or other formation of long-
term assets; Others are income-related government grants.For those whose targets are not clearly specified in government documents and form long-term assets the government grant corresponding to the
asset value shall be regarded as asset-related government grants and the remaining part shall be regarded as income-related government grants; In
case it is difficult to make distinguishing the government grants as a whole shall be regarded as income-related government grants.Asset-related government grants are recognized as deferred income and booked in gains and losses in a reasonable and systematic manner over the
useful life of the relevant assets. Income-related government subsidies which are used to compensate related costs or losses that have already
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occurred shall be included in the gains and profits of current period; The income-related government subsidies which are used to compensate related
costs or losses in future periods shall be recognized in deferred income and recognized in gains and losses of current period during the recognition
period of related costs or losses. Government grants measured at nominal amounts are directly recognized in the gains and profits of current period.The company adopts a consistent approach for handling the same or similar government subsidy businesses.Government grants related to daily activities are recognized in other income based on the essence of economic transactions. Government subsidies
unrelated to daily activities are included in non- operating income.When recognized government subsidies need to be returned in case the book value of the relevant assets is offset at the initial recognition the book
value of the assets shall be adjusted; If there is a balance of related deferred income it shall offset the book balance of related deferred income and
the excess shall be recognized in the gains and profits of current period; In other situations it shall be directly included in the gains and profits of
current period.For the policy preferential loans and interest subsidies obtained by the company in case the finance department allocates interest subsidy to the
lending bank the company will use the actual received loan amount as the book value of the loan and calculate the relevant loan costs based on the
loan principal and the policy preferential interest rate in case the finance department directly allocates interest subsidy to the company the company
will offset the relevant borrowing costs with the corresponding interest subsidy.
40. Deferred income tax assets/deferred income tax liabilities
Income tax includes current income tax and deferred income tax. Except for adjustments to goodwill arising from enterprise merge or deferred
income tax related to transactions or events directly recognized in shareholders’ equity they are all recognized as income tax expenses in gains and
losses of current period.The deferred income tax is recognized with the balance sheet liability method and in terms of the temporary difference between the book value of
assets and liabilities on the balance sheet date and the tax basis.All taxable temporary differences are recognized as related deferred income tax liabilities unless the taxable temporary differences arise in the
following transactions:
(1) The initial recognition of goodwill or the initial recognition of assets or liabilities arising from transactions with the following characteristics: the
transaction is not a business merger and does not affect accounting profits or taxable income at the time of the transaction (except for individual
transactions where the initially recognized assets and liabilities result in equal taxable temporary differences and deductible temporary differences);
(2) For taxable temporary differences related to investments in subsidiaries joint ventures and associated enterprises the timing of the reversal of
such temporary differences can be controlled and it is likely that they will not be reversed in the foreseeable future.For deductible temporary differences deductible losses that can be carried forward to future years and tax deductions the company recognizes
deferred tax assets arising from them to the extent of future taxable income that is likely to be obtained for offsetting deductible temporary
differences deductible losses and tax deductions unless the deductible temporary differences arise in the following transactions:
(1) This transaction is not a enterprise merger and it does not affect accounting profits or taxable income at the time of transaction (except for
individual transactions where initially recognized assets and liabilities result in equal taxable temporary differences and deductible temporary
differences);
(2) For deductible temporary differences related to investments in subsidiaries joint ventures and associated enterprises if the following conditions
are met simultaneously the corresponding deferred income tax assets shall be recognized: temporary differences are likely to be reversed in the
foreseeable future and taxable income that can be used to offset deductible temporary differences is likely to be obtained in the future.On the balance sheet date the company measures deferred income tax assets and liabilities at the applicable tax rate during the expected period of
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asset recovery or liability settlement and reflects the income tax impact of the expected method of asset recovery or liability settlement on the
balance sheet date.On the balance sheet date the company reviews the book value of deferred income tax assets. If it is likely that sufficient taxable income will not be
obtained in the future period to offset the benefits of deferred income tax assets the book value of deferred income tax assets shall be written down.When it is highly possible to obtain sufficient taxable income the written down amount shall be reversed.On the balance sheet date deferred income tax assets and deferred income tax liabilities are presented at the net amount after offsetting when they
simultaneously meet the following conditions:
(1) The taxpayer within the company has the legal right to settle current income tax assets and current income tax liabilities on a net basis;
(2) Deferred income tax assets and deferred income tax liabilities are related to the income tax levied by the same tax administration department on
the same taxpayer within the company.
41. Leasing
(1) The company as lessee
On the commencement date of the lease term the Company recognizes the right-of-use assets and lease liabilities for all leases except for simplified
short-term lease and low value asset lease.The accounting policies for the right-of-use assets can be found in Note III. 35 of the auditor’s report.The initial measurement of lease liabilities is based on the present value of lease payments that have not been paid on the start date of the lease term
calculated using the implicit interest rate of the lease. If the implicit interest rate of the lease cannot be determined the incremental borrowing rate is
used as the discount rate. The lease payment amount includes fixed payment amount and substantial fixed payment amount. If there is a lease
incentive the relevant amount of the lease incentive shall be deducted; Variable lease payments depending on index or ratio; The exercise price of
the purchase option provided that the lessee reasonably determines that the option will be exercised; The amount to be paid for exercising the option
to terminate the lease provided that the lease term reflects that the lessee will exercise the option to terminate the lease; And the expected amount to
be paid based on the residual value of the guarantee provided by the lessee. Subsequently the interest expense of the lease liability for each period of
the lease term shall be calculated at a fixed periodic interest rate and included in the current profit and loss. Variable lease payments that are not
included in the measurement of lease liabilities are recognized in the gains and profits of current period when they are actually incurred.Short term leasing
Short term lease refers to a lease with a lease term not exceeding 12 months from the start date of the lease term excluding leases with purchase
options.The company will recognize the lease payments for short-term leases in the relevant asset costs or current profit and loss with the straight-line
method during each period of the lease term.For short-term leasing the company adopts the simplified treatment method mentioned above for the items that meet the short-term leasing
conditions in the following asset types according to the category of leased assets.Low value asset leasing
The low value asset leasing refers to leasing with lower value when a single leased asset is a brand new asset.The company will record the lease payments for low value asset leases in the relevant asset costs or current profit and loss with the straight-line
method during each period of the lease term.
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For low value asset leasing the company chooses to adopt the simplified treatment method mentioned above based on the specific situation of each
lease.Lease change
If there is a change in lease and the following conditions are met simultaneously the company will treat the lease change as a separate lease for
accounting treatment: * The lease change expands the lease scope by adding the right to use one or more leased assets; * The increased
consideration is equivalent to the individual price for the expansion of the lease scope adjusted according to the situation of the contract.If the lease change is not accounted for as a separate lease on the effective date of the lease change the Company shall reallocate the consideration
of the contract after the change redetermine the lease term and remeasure the lease liability based on the present value of the lease payment amount
after the change and the revised discount rate.If the lease change results in a reduction in the lease scope or lease term the company shall adjust the book value of the right-of-use assets
accordingly and record the relevant gains or losses from partial or complete termination of the lease in the gains and profits of current period.If other lease changes result in the remeasurement of lease liabilities the Company shall adjust the book value of the right of use assets accordingly.
(2) The company as a lessor
When the company acts as the lessor leases that have substantially transferred all risks and rewards related to asset ownership are recognized as
financing leases while leases other than financing leases are recognized as operating leases.Finance lease
In financial leasing at the beginning of the lease term the company uses the net lease investment as the book value of the receivable financing lease
payments. The net lease investment is the sum of the unguaranteed residual value and the present value of the lease payments that have not yet been
received on the start date of the lease term discounted at the implicit interest rate of the lease. the company as the lessor calculates and recognizes
interest income for each period of the lease term at a fixed periodic interest rate. The variable lease payments obtained by the company as the lessor
which are not included in the net lease investment measurement are recognized in the gains and profits of current period when actually incurred.The derecognition and impairment of receivable financing lease payments shall be accounted for in accordance with the provisions of Accounting
Standards for Enterprises No. 22- Recognition and Measurement of Financial Instruments and Accounting Standards for Enterprises No. 23-
Transfer of Financial Assets.Operating lease
The rent of operating leases is recognized in the gains and profits of current period using the straight-line method for each period during the lease
term. The initial direct expenses related to operating leases shall be capitalized amortized over the lease term on the same basis as rental income
recognition and recognized in the gains and profits of current period in installments. The variable lease payments related to operating leases that are
not included in the lease income are recognized in the gains and profits of current period when actually incurred.Lease change
If there is a change in the operating lease the company will treat it as a new lease for accounting treatment from the effective date of the change. The
prepaid or receivable lease payments related to the lease before the change are considered as the new lease payments.If there is a change in financing lease and the following conditions are met simultaneously the company will treat the change as a separate lease for
accounting treatment: * The change expands the lease scope by adding the right to use one or more leased assets; * The increased consideration is
equivalent to the individual price for the expansion of the lease scope adjusted according to the situation of the contract.
72深圳市深粮控股股份有限公司2026年半年度报告全文
If there is a change in financing lease that has not been accounted for as a separate lease the Company will treat the changed lease as follows: * If
the change takes effect on the lease commencement date the lease will be classified as an operating lease. The Company will treat it as a new lease
from the effective date of the lease change and use the net lease investment before the effective date of the lease change as the book value of the
leased asset; * If the change takes effect on the commencement date of the lease the lease will be classified as a financing lease and the company
will conduct accounting treatment in accordance with the provisions of the Accounting Standards for Enterprises No. 22-Recognition and
Measurement of Financial Instruments regarding the modification or renegotiation of contracts.
42. Other important accounting policy and estimation
43.Changes of important accounting policy and estimation
(1) Changes of important accounting policies
□Applicable ?Not applicable
(2) Changes of important accounting estimation
□Applicable□Not applicable
(3) Implementation of new accounting standards adjustment for the first time starting from 2025 and implementation of relevant financial
statement items at the beginning of the year for the first time
□Applicable ?Not applicable
44.Others
VI. Tax
1. Type of tax and rate for main applicable tax
Taxes Basis Rate
Taxable value added (The taxable
amount is calculated by multiplying the
taxable sales amount by the applicable
VAT 13.00%9.00%6.00%5.00%3.00%
tax rate and deducting the input tax
allowed for deduction in the current
period)
Consumption tax Actual paid turnover tax 7.00%5.00%
Urban maintenance and construction tax Actual paid turnover tax 3.00%
Enterprise income tax Taxable income 25.00%
For ad valorem taxes 1.2% of the
remaining value after deducting 20.00%
from the original value of the property
Property tax 1.20%12.00%
shall be calculated and paid; For levy
based on rent calculated and paid at
12.00% of rental income
When real estate property rights are
Deed tax transferred a one-time payment shall be 3.00%-5.00%
made to the property transferee at the
73深圳市深粮控股股份有限公司2026年半年度报告全文
agreed contract price
Rate of income tax for different taxpaying body:
Taxpaying body Rate of income tax
Shenzhen Cereals Holdings Co. Ltd. 25.00%
25.00% tax exemption for some
Shenzhen Cereals Group Co. Ltd (hereinafter referred to as “SZCG”)
businesses
Shenzhen Hualian Grain and Oil Trading Co. Ltd. (hereinafter referred to as “Hualian Cereals and Oil”) 25.00%Dongguan Shenliang Hualian Cereals and Oil Trading Co. Ltd (hereinafter referred to as “Dongguan
25.00%Hualian”)Shenzhen Shenliang Hongjun Catering Management Co. Ltd. (hereinafter referred to as “Shenliang
25.00%Hongjun”)
25.00% tax exemption for some
Shenzhen Flour Co. Ltd (hereinafter referred to as “Shenzhen Flour”)
businesses
Shenliang Quality Inspection Co. Ltd. (hereinafter referred to as “Shenliang Quality Inspection”) 25.00%
Hainan Shenliang Oil & Food Co. Ltd. (hereinafter referred to as “Hainan Oil & Food”) 20.00%
Shenzhen Shenliang Doximi Business Co. Ltd. (hereinafter referred to as “Doximi”) 25.00%
Shenzhen Shenliang Big Kitchen Food Supply Chain Co. Ltd (hereinafter referred to as “Big Kitchen”) 25.00%Shenzhen Shenliang Property Development Co. Ltd. (hereinafter referred to as “Shenliang PropertyDevelopment”) 25.00%Shenzhen Shenliang Property Management Co. Ltd. (hereinafter referred to as “Shenliang PropertyManagement”) 20.00%
Dongguan Shenliang Logistics Co. Ltd. (hereinafter referred to as “Dongguan Logistics”) 25.00%
Dongguan International Food Industrial Park Development Co. Ltd. (hereinafter referred to as
“International Food”) 25.00%
Dongguan Shenliang Oil & Food Trade Co. Ltd. (hereinafter referred to as “Dongguan Oil & Food”) 25.00%
Shuangyashan Shenliang Cereals Base Co. Ltd. (hereinafter referred to as “Shuangyashan”) 25.00%
Shenzhen Shenbao Huacheng Technology Co. Ltd. (hereinafter referred to as “Shenbao Huacheng”) 15.00%
Wuyuan Ju Fang Yong Tea Industry Co. Ltd (hereinafter referred to as “Wuyuan Ju Fang Yong”) 15.00%
Shenzhen Shenshenbao Investment Co. Ltd (hereinafter referred to as “Shenshenbao Investment”) 25.00%
Shenzhen Shenshenbao Tea Culture Commercial Management Co. Ltd. (hereinafter referred to as
“Shenbao Tea Culture”) 25.00%Hangzhou Fuhaitang Catering Management Chain Co. Ltd. (hereinafter referred to as “FuhaitangCatering”) 25.00%Hangzhou Fuhaitang Tea Ecology Technology Co. Ltd (hereinafter referred to as “Fuhaitang TeaEcology”) 25.00%
Mount Wuyi Shenbao Rock Tea Co. Ltd. (hereinafter referred to as “Shenbao Rock Tea”) 25.00%Yunnan Shenbao Pu’er Tea Supply Chain Management Co. Ltd. (hereinafter referred to as “Pu’er TeaSupply Chain”) 25.00%
Shenzhen Shenliang Food Co. Ltd. (hereinafter referred to as “Shenzhen Shenliang Food”) 25.00%
Huizhou Shenliang Food Co. Ltd. (hereinafter referred to as “Huizhou Shenliang Food”) 20.00%
Huizhou Shenbao Technology Co. Ltd. (hereinafter referred to as “Huizhou Shenbao”) 25.00%
Shenliang Hongli Grain and Oil (Shenzhen) Co. Ltd (hereinafter referred to as “Shenliang Hongli”) 25.00%
Xingye Food Co. Ltd. (hereinafter referred to as “Xingye Food”) 16.50%
Shenzhen Shenliang Smart Warehousing Co. Ltd.(hereinafter referred to as “Smart Warehousing”) 25.00%
2. Preferential taxation
1. VAT discounts and approvalAccording to the “Notice of the Ministry of Finance and the State Administration of Taxation on the Issues Concerning the VAT Collection andExemption of Grain Enterprises (CSZ [1999] No. 198)” and “Shenzhen Tax Service State Taxation Administration and Shenzhen Finance BureauSGSF (SCF [1999] No.428)” confirming that SZCG the Company’s subsidiary and its subsidiaries are state-owned grain purchase and sale
enterprises that undertake grain collection and storage tasks for Shenzhen the grain sold is subject to tax-free declaration by rule and enjoys theexemption from VAT. In addition according to the stipulation of the “Announcement of State Administration of Taxation on Relevant ManagementMatters After Clarifying the Cancellation of the Approval of Some VAT Preferential Policies” (SAT Announcement 2015 No. 38) the approval for
exemption from VAT and the involved tax review and approval procedures for the state-owned grain enterprises that undertake grain collection and
74深圳市深粮控股股份有限公司2026年半年度报告全文
storage tasks other grain enterprises that operate tax-free projects and enterprises that have edible vegetable oil sales business for government
reserves are canceled and changed to record management. The taxpayer does not change the content of the record materials during the period of tax
exemption can be put on a one-time record. In December 2013 SZCG obtained the notice of the VAT preferential record (SGSFJBM [2013]
No.2956) from Shenzhen Futian State Administration of Taxation. In the case of no change in policy this limited filing period started on January 1st
2014.The VAT input tax amount of the preferential item was separately accounted for and the input VAT calculation method cannot be changed
within 36 months after the selection. As of June 30 2026 the tax exemption policy has been in effect since its filing in 2014 and the company’s
VAT input tax has not changed since it was accounted for separately in 2014 so the company continues to enjoy the tax preference.
2. Stamp duty house property tax and urban land use tax preferences
According to the stipulations of the Announcement of the Ministry of Finance and the State Administration of Taxation on Continuing theImplementation of Tax Preferential Policies for Some National Reserve Commodity Reserves([2023]No.48)” and documents of Guangdong
Province Department of Finance Guangdong Provincial Taxation Bureau of the State Administration of Taxation and Guangdong Provincial Food
and Material Reserve Bureau (YCSH [2020]No.2 confirming that the fund account book of SZCG the Company’s subsidiary and its direct depots
is exempt from stamp duty confirming that the written purchase and sale contracts of SZCG in the process of undertaking the commodity reserve
business are exempt from stamp duty and confirming that SZCG’s house property and land used for the commodity reserve business are exempt
from house property tax and urban land use tax. The execution time limit for this tax preference policy is from January 1 2024 to December 31
2027.
1. Enterprise income tax
* In accordance with the Notice of the Ministry of Finance and the State Taxation Administration on Enterprise Income Tax Treatment of
Earmarked Financial Funds (CSH[2011] No. 70) government service income obtained by SZCG a subsidiary of the Company and its subsidiaries
from performing government grain reserve business constitutes earmarked financial funds. Eligible income may be treated as non-taxable income
and deducted from the total income in the calculation of taxable income. Expenses incurred from the expenditure of the aforementioned non-taxable
income shall not be deducted in the calculation of taxable income. Depreciation and amortization calculated on assets formed from such expenditure
shall not be deducted in the calculation of taxable income. Any portion of the financial funds treated as non-taxable income in accordance with the
Notice that is not expended and not repaid to the finance department or other funding government authorities within five years (60 months) shall be
included in the total taxable income in the sixth year following receipt of such funds. From January 1 2025 all earmarked financial funds from
government service income received by the Company are included in the current taxable income.* On December 26 2024 Shenbao Huacheng a subsidiary of the Company obtained the High-tech Enterprise Certificate (Certificate No.:
GR202444206671) jointly issued by the Shenzhen Science and Technology Bureau the Shenzhen Finance Bureau and the Shenzhen Tax Service
State Taxation Administration which is valid for three years. According to the relevant preferential policies of the state for high-tech enterprises the
qualified high-tech enterprises will pay corporate income tax at a reduced income tax rate of 15.00% within three years from the year of
identification. Shenbao Huacheng will enjoy the preferential tax policy from 2024 to 2026.* On November 19 2024 Wuyuan Ju Fang Yong a subsidiary of the Company obtained the High-tech Enterprise Certificate (Certificate No.:
GR202436001138) jointly issued by the Science and Technology Department of Jiangxi Province the Finance Department of Jiangxi Province and
the Jiangxi Provincial Tax Service State Taxation Administration which is valid for three years. According to the relevant preferential policies of
the state for high-tech enterprises qualified high-tech enterprises will pay corporate income tax at a reduced income tax rate of 15.00% within three
years from the year of identification. Wuyuan Ju Fang Yong will enjoy the preferential tax policy from 2024 to 2026.* Shenzhen Flour a subsidiary of the Company is a flour primary processing enterprise according to the stipulations of the “Notice on Issuing theScope (Trial) of Primary Processing of Agricultural Products Applicable to the Corporate Income Tax Preferential Policy (CS[2008]No.149)” and
the Supplementary Notice on the Scope of Primary Processing of Agricultural Products Applicable to the Corporate Income Tax Preferential Policy
of the Ministry of Finance and the State Administration of Taxation (CS[2011]No.26) the wheat primary processing is exempt from income tax.
75深圳市深粮控股股份有限公司2026年半年度报告全文
* According to the Announcement on Relevant Tax and Fee Policies to Further Support the Development of Small and Micro Enterprises and
Individual Industrial and Commercial Households (CSHZJ[2023]No.12) from January 1 2023 to December 31 2027 small and low-profit
enterprises shall calculate taxable income at a reduced rate of 25% and pay enterprise income tax at a tax rate of 20%. The company’s subsidiary
Hainan Grain and Oil Shenliang Property and Huizhou Shenliang are small and low-profit enterprises and in line with the preferential tax
conditions.
2. Other
VII. Notes to main items of consolidated financial statements
1. Monetary funds
In RMB
Item Ending balance Opening balance
Cash on hand 5997.77 6237.19
Cash in bank 84207307.77 69918970.17
Other monetary fund 2464451.01 4281838.39
Total 86677756.55 74207045.75
Including: total amounts deposited
overseas 3652825.79 3817186.95
Other explanation:
At the end of the reporting period the Company’s funds that are mortgaged pledged frozen or held overseas with restrictions on repatriation are
set out below:
The Company’s restricted monetary funds amount to 3090418.00 yuan which represent security deposits for issuing letters of credit and bank
guarantees.
2.Tradable financial assets
In RMB
Item Ending balance Opening balance
Including:
Including:
Other explanation:
3.Derivative financial assets
In RMB
Item Ending balance Opening balance
Other explanation:
4.Notes receivable
(1) By category
In RMB
Item Ending balance Opening balance
Bank acceptance bill 0.00 2567464.00
76深圳市深粮控股股份有限公司2026年半年度报告全文
Commercial acceptance bill 0.00
Total 2567464.00
(2) Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book value Bad debts reserve Book value Bad debts reserve
Book value Book value
Amount Ratio Amount Accrued Accruedratio Amount Ratio Amount ratio
Including:
Notes
receivable with
bad debts 0.00 0.00 0.00 2567464.00 100.00% 2567464.00
reserve accrual
on portfolio
Including:
Total 0.00 0.00 0.00 2567464.00 100.00% 2567464.00
If the bad debts reserve of account receivable is made on the basis of the general model of expected credit losses:
□Applicable□Not applicable
(3) Bad debts reserve accrual collected or reversal in the period
Bad debts reserve accrual in the period:
In RMB
Amount changed in the period
Category Opening balance Accrual Collected or Ending balancereversal Charged off Others
Including major amount bad debts reserve that collected or reversal in the period:
□ Applicable□Not applicable
(4) Notes receivable already pledged by the Company at the end of the period
In RMB
Item Amount pledged at period-end
(5) Notes endorsed or discounted and undue on balance sheet date
Item Ending derecognized amount Ending not derecognized amount
(6) Notes receivable charged off in the period
In RMB
Item Amount charged off
Including major note receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on note receivable charged off:
77深圳市深粮控股股份有限公司2026年半年度报告全文
5.Accounts receivable
(1) By aging
In RMB
Aging Ending book balance Beginning book balance
Within 1 year(inclusive) 215786730.35 185690803.12
1-2 years 267451.22 3037867.95
2-3 years 6428307.81 3589291.31
Over 3 years 95978334.65 96629712.65
3-4 years 113670.00 723726.31
4-5 years 497694.94 663462.34
Over 5 years 95366969.71 95242524.00
Total 318460824.03 288947675.03
(2) Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book balance Bad debts reserve Book balance Bad debts reserve
Amount Ratio Amount Accrued
Book value Book value
ratio Amount Ratio Amount
Accrued
ratio
Account receivable with bad debts
reserve accrual on a single basis 99940200.44 31.38% 99934578.73 99.99% 5621.71 99944508.82 34.59% 99934578.73 99.99% 9930.09
Including:
Account receivable with bad debts
reserve accrual on portfolio 218520623.59 68.62% 3441491.05 1.57% 215079132.54 189003166.21 65.41% 3412214.40 1.81% 185590951.81
Including
Portfolio of sales receivable 175450244.90 55.09% 3441491.05 1.96% 172008753.85 157172501.15 54.39% 3412214.40 2.17% 153760286.75
Object-specific portfolio 43070378.69 13.52% 0.00 0.00% 43070378.69 31830665.06 11.02% 0.00 0.00% 31830665.06
Total 318460824.03 100.00% 103376069.78 32.46% 215084754.25 288947675.03 100.00% 103346793.13 35.77% 185600881.90
Bad debts reserve accrual on a single basis:
In RMB
Opening balance Ending balance
Name
Book balance Bad debts reserve Book balance Bad debts reserve Accrued ratio Accrual causes
Bad debts reserve
accrual on a single Highly unlikely to99944508.82 99934578.73 99940200.44 99934578.73 99.99%
basis be collected
Total 99944508.82 99934578.73 99940200.44 99934578.73
Bad debts reserve accrual on portfolio:
In RMB
Ending balance
Name
Book balance Bad debts reserve Accrued ratio
Portfolio of sales receivable 175450244.90 3441491.05 1.96%
Total 175450244.90 3441491.05
Explanation on the basis for determining portfolio:
Bad debts reserve accrual on portfolio:
In RMB
Ending balance
Name
Book balance Bad debts reserve Accrued ratio
Object-specific portfolio 43070378.69 0.00 0.00%
78深圳市深粮控股股份有限公司2026年半年度报告全文
Total 43070378.69 0.00
Explanation on the basis for determining portfolio:
If the bad debts reserve of account receivable is made in accordance with the general model of expected credit losses:
□Applicable ?Not applicable
(3) Bad debts reserve accrued collected or reversal
Bad debts reserve accrued in the period:
In RMB
Change in current period
Category Opening balance
Accrued Collected or
Ending balance
reversal Charged off Others
Bad debts
reserve for
accounts 103346793.13 55286.80 15902.53 26010.15 103360167.25
receivable
Total 103346793.13 55286.80 15902.53 26010.15 103360167.25
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Name Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
(4) Account receivable charged off in the period
In RMB
Item Amount charged off
Including major account receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on account receivable charged off:
(5) Top 5 receivables and contract assets at ending balance by arrears party
In RMB
Ending balance of Ratio in total ending Ending balance of bad
Name Ending balance of Ending balance of account receivable balance of account debt reserve andaccount receivable contract assets and contract assets receivable and impairment reserve ofcontract assets contract assets
Purchase and Sales
Branch of Guangzhou 32140442.12 32140442.12 10.09%
Grain Group Co. Ltd.Guangzhou Jinhe
Feed Co. Ltd. 10455627.54 10455627.54 3.28% 10455627.54
Shenzhen Eastroc
Jiexun Supply Chain
Management Co. 8823690.00 8823690.00 2.77% 22241.45
Ltd.Shanghai Chaozhi
Food Trade Co. Ltd. 8260872.24 8260872.24 2.59% 109105.81
Shenzhen
Hubeilexing Real 5682344.40 5682344.40 1.78% 37882.30
79深圳市深粮控股股份有限公司2026年半年度报告全文
Estate Development
Co. Ltd.Total 65362976.30 65362976.30 20.51% 10624857.10
6.Contract asset
(1) Contract asset
In RMB
Ending balance Opening balance
Item
Book balance Bad debts reserve Book value Book balance Bad debts reserve Book value
0.000.000.000.00
Total 0.00 0.00
(2) Amount and reasons for significant changes in book value during the reporting period
In RMB
Item Amount of change Reason for change
(3) Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book value Bad debts reserve Book value Bad debts reserve
Book value Book value
Amount Ratio Amount Accrued ratio Amount Ratio Amount Accrued ratio
Including:
Including:
If the bad debts reserve of account receivable is made on the basis of the general model of expected credit losses:
□Applicable□Not applicable
(4) Bad debts reserve accrued collected or reversal
In RMB
Collected or reversal in the Written off or charged off
Item Accrued in the period Reason
period in the period
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
(5) Contract assets charged off during the reporting period
In RMB
Item Amount charged off
Including major contract assets charged off:
80深圳市深粮控股股份有限公司2026年半年度报告全文
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on contract assets charged off:
Other explanation:
7.Account receivable financing
(1) Category of account receivable financing
In RMB
Item Ending balance Opening balance
(2) Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book value Bad debts reserve Book value Bad debts reserve
Book value Book value
Amount Ratio Amount Accrued ratio Amount Ratio Amount Accrued ratio
Including:
Including:
The bad debts reserve of account receivable is made on the basis of the general model of expected credit losses:
In RMB
Phase I Phase II Phase III
Bad debts reserve Expected credit losses Expected credit losses for the entire duration Expected credit losses for the entire Total
over next 12 months (without credit impairment occurred) duration (with credit impairment occurred)
Balance on Jan. 1 2026
in the period
Classification basis and accrued ratio of bad debts reserve for each stage
Explanation on significant changes in the book balance of accounts receivable financing with changes in impairment provision in the current period:
(3) Bad debts reserve accrued collected or reversal
In RMB
Amount changed in the period
Category Opening balance Collected or Written off or Ending balanceAccrued reversal charged off Other
Bad debts reserve
Total
Important bad debts reserve collected or reversal
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
81深圳市深粮控股股份有限公司2026年半年度报告全文
(4) Account receivable financing already pledged by the Company at period-end
In RMB
Item Amount pledged at period-end
(5) Account receivable financing endorsed or discounted and undue on balance sheet date
In RMB
Item Amount derecognized at period-end Amount not derecognized at period-end
(6) Account receivable financing charged off in the period
In RMB
Item Amount charged off
Including major account receivable financing charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on account receivable financing charged off:
(7) Changes of account receivable financing and change of fair value in the period
(8) Other explanation
8.Other accounts receivable
In RMB
Item Ending balance Opening balance
Other accounts receivable 60366398.71 23492545.72
Total 60366398.71 23492545.72
(1) Interest receivable
1)Category of interest receivable
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
2)Significant overdue interest
In RMB
Whether impairment has occurred and its
Borrower Ending balance Overdue period Overdue reason
judgment basis
Other explanation:
82深圳市深粮控股股份有限公司2026年半年度报告全文
3)Accrued bad debts reserve
□Applicable□Not applicable
4)Bad debts reserve accrued collected or reversal
In RMB
Amount changed in the period
Category Opening balance
Accrued Collected or Written off or
Ending balance
reversal charged off Other
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
5) Interest receivable charged off in the period
In RMB
Item Amount charged off
Including major interest receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on interest receivable charged off:
Other explanations:
(2) Dividends receivable
1)Category of dividend receivable
In RMB
Item (or investee) Ending balance Opening balance
Total 0.00 0.00
2)Significant dividend receivable with aging over one year
In RMB
Whether impairment has
Item (or investee) Ending balance Aging Reason for not received occurred and its judgment
basis
3)Accrued bad debts reserve
□Applicable□Not applicable
4)Bad debts reserve accrued collected or reversal
In RMB
83深圳市深粮控股股份有限公司2026年半年度报告全文
Amount changed in the period
Category Opening balance Collected or Written off or Ending balanceAccrued reversal charged off Other
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
5) Dividends receivable charged off in the period
In RMB
Item Amount charged off
Including major dividend receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on dividend receivable charged off:
Other explanation:
(3) Other account receivable
1)By nature
In RMB
Nature Ending book balance Beginning book balance
Deposit and margin 31068107.47 17012035.14
Other intercourse funds 131970240.58 106754608.92
Total 163038348.05 123766644.06
2)By aging
In RMB
Aging Ending book balance Beginning book balance
Within 1 year(inclusive) 44843346.93 8982394.22
1-2 years 12084508.19 9637881.46
2-3 years 7069017.59 6589021.50
Over 3 years 99041475.34 98557346.88
3-4 years 436979.32 2834609.30
4-5 years 5666556.69 2104472.35
Over five years 92937939.33 93618265.23
Total 163038348.05 123766644.06
3)Accrued bad debts reserve
□Applicable □Not applicable
84深圳市深粮控股股份有限公司2026年半年度报告全文
In RMB
Ending balance Opening balance
Category Book balance Bad debts reserve Book balance Bad debts reserve
Book value Book value
Amount Ratio Amount Accruedratio Amount Ratio Amount
Accrued
ratio
Other
account
receivable
with bad
debts
reserve 104130074.72 63.87% 101677160.56 97.64% 2452914.16 101489238.23 82.00% 99037039.89 97.58% 2452198.34
accrual
on a
single
basis
Including:
Other
account
receivable
with bad
debts 58908273.33 36.13% 994788.78 1.69% 57913484.55 22277405.83 18.00% 1237058.45 5.55% 21040347.38
reserve
accrual
on
portfolio
Including
Portfolio
of 4925889.02 3.02% 994788.78 20.20% 3931100.24 5298871.42 4.28% 1237058.45 23.35% 4061812.97
expected
credit loss
Object-
specific 53982384.31 33.11% 0.00 0.00% 53982384.31 16978534.41 13.72% 0.00 0.00% 16978534.41
portfolio
Total 163038348.05 100.00% 102671949.34 62.97% 60366398.71 123766644.06 100.00% 100274098.34 81.02% 23492545.72
Bad debts reserve accrual on a single basis
In RMB
Opening balance Ending balance
Name
Book balance Bad debts reserve Book balance Bad debts reserve Accrued ratio Accrual causes
Bad debts reserve
accrual on a single Highly unlikely to101489238.23 99037039.89 104130074.72 101677160.56 97.64%
basis be collected
Total 101489238.23 99037039.89 104130074.72 101677160.56
Bad debts reserve accrual on portfolio of expected credit loss
In RMB
Ending balance
Name
Book balance Bad debts reserve Accrued ratio
Portfolio of expected credit loss 4925889.02 994788.78 20.20%
Total 4925889.02 994788.78
Explanation on the basis for determining portfolio:
Bad debts reserve accrual on object-specific portfolio
In RMB
Ending balance
Name
Book balance Bad debts reserve Accrued ratio
Object-specific portfolio 53982384.31 0.00 0.00%
Total 53982384.31 0.00
Explanation on the basis for determining portfolio:
If the bad debts reserve of other account receivable is made in accordance with the general model of expected credit losses:
85深圳市深粮控股股份有限公司2026年半年度报告全文
In RMB
Phase I Phase II Phase III
Bad debts reserve Expected credit losses Expected credit losses for the entire Expected credit losses for the entire
over next 12 months duration (without credit impairment duration (with credit impairment
Total
occurred) occurred)
Balance of Jan. 1
20261237058.450.0099037039.89100274098.34
Balance of Jan. 1
2026 in the period
Current accrual 6198.39 0.00 2640120.67 2646319.06
Current reversal 256.92 0.00 0.00 256.92
Current written off 1604.84 0.00 0.00 1604.84
Current charged off 0.00 0.00 0.00 0.00
Other changes 246606.30 0.00 0.00 246606.30
Balance on June 30
2026994788.780.00101677160.56102671949.34
Classification basis and bad debts reserve ratio for each stage
Changes in book balance with significant changes in impairment provision in the current period
□Applicable□Not applicable
4)Bad debts reserve accrued collected or reversal
Bad debts reserve accrued in the period:
In RMB
Amount changed in the period
Category Opening balance
Accrued Collected or Written off or
Ending balance
reversal charged off Other
Bad debts reserve of
other accounts receivable 100274098.34 2646319.06 256.92 1604.84 246606.30 102671949.34
Total 100274098.34 2646319.06 256.92 1604.84 246606.30 102671949.34
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Name Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
5) Other account receivable charged off in the period
In RMB
Item Amount charged off
Including major other account receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on other account receivable charged off:
6)Top 5 other accounts receivable at ending balance by arrears party
In RMB
Enterprise Nature Ending balance Aging Proportion in total Ending balance of badother receivables at debt reserve
86深圳市深粮控股股份有限公司2026年半年度报告全文
ending balance (%)
Changzhou Shenbao
Chacang E-business Intercourse funds 23115502.46 Over five years 14.18% 20687644.18
Co. Ltd.Shanghai United
Assets and Equity Intercourse funds 13267620.00 Within one years 8.14% 0.00
Exchange Co. Ltd.Xili Subdistrict
Office Nanshan Intercourse funds 9204714.00 Within five years 5.65% 0.00
District
Shenzhen Pingshen
International Digital
Logistics Port Co. Intercourse funds 8589378.99 1-2 years 5.27% 0.00
Ltd.Shenzhen Gaojian
Food Joint Venture Intercourse funds 8326202.63 Over five years 5.11% 8326202.63
Co. Ltd.Total 62503418.08 38.34% 29013846.81
7)Those booked into other account receivables due to centralized fund management
In RMB
Other explanation:
9.Account paid in advance
(1) By aging
In RMB
Ending balance Opening balance
Aging Amount Ratio Amount Ratio
Within 1 year 28387100.12 97.50% 83616000.98 99.03%
1-2 year 73146.00 0.25% 73787.80 0.09%
2-3 years 158754.05 0.55% 158754.05 0.19%
Over 3 years 497183.69 1.71% 582496.08 0.69%
Total 29116183.86 84431038.91
Explanation on reasons for not timely settling important account paid in advance with aging over one year:
(2) Top 5 accounts paid in advance at ending balance by prepayment object
Other explanation:
10.Inventory
Whether the Company needs to comply with the disclosure requirements of the real estate industry or not
No
(1) By category
In RMB
Ending balance Opening balance
Item
Book balance Inventories fall Book value Book balance Inventories fall Book value
87深圳市深粮控股股份有限公司2026年半年度报告全文
provision or provision or
contract contract
performance performance
costs impairment costs
provision impairment
provision
Raw materials 73306221.61 14019708.70 59286512.91 71233125.89 13935531.10 57297594.79
Goods in process 32064600.56 0.00 32064600.56 29052810.30 373605.59 28679204.71
Finished goods 4243107681.09 95667158.92 4147440522.17 3945666033.12 107552367.87 3838113665.25
Goods in transit 5896928.59 0.00 5896928.59 5427563.31 0.00 5427563.31
Low value
11303299.282456287.858847011.438862548.982109973.126752575.86
consumables
Work in process-
outsourced 5388642.06 5388642.06 0.00 5388642.06 5388642.06 0.00
Materials in
transit 32612559.36 0.00 32612559.36
Total 4371067373.19 117531797.53 4253535575.66 4098243283.02 129360119.74 3968883163.28
(2) Data resource recognized as inventory
In total
Data resource inventory
Data resource inventory Data resource inventory
Item acquired with other Total
outsourced self-processed
manners
(3) Inventories fall provision or impairment provision of contract performance costs
In RMB
Current amount increased Current amount decreased
Item Opening balance Reversal or Ending balanceAccrual Others written off Others
Raw materials 13935531.10 86957.51 0.00 2779.91 0.00 14019708.70
Goods in process 373605.59 0.00 0.00 373605.59 0.00 0.00
Finished goods 107552367.87 26673512.79 0.00 38488681.20 70040.54 95667158.92
Low value
consumables 2109973.12 399258.36 0.00 52943.63 0.00 2456287.85
Work in process-
outsourced 5388642.06 0.00 0.00 0.00 0.00 5388642.06
Materials in
transit 0.00 0.00 0.00 0.00 0.00 0.00
Total 129360119.74 27159728.66 0.00 38918010.33 70040.54 117531797.53
Inventories fall provision accrual on portfolio
In RMB
Ending Opening
Portfolio name
Ending balance Inventories fall
Accrued ratio of Accrued ratio of
provision inventories fall Opening balance
Inventories fall inventories fall
provision provision provision
Standard for inventories fall provision accrual on portfolio
88深圳市深粮控股股份有限公司2026年半年度报告全文
(4) Explanation on the capitalized amount of borrowing costs included in the ending balance of inventory
(5) Explanation on the current amortization amount of contract performance costs
11.Assets held for sale
In RMB
Item Ending book Impairment Ending bookbalance provision value Fair value
Estimated Estimated
disposal cost disposal time
Other explanation:
12. Non-current asset due within one year
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
(1) Creditors’ investment maturing within one year
□Applicable□Not applicable
(2) Other creditors’ investment maturing within one year
□Applicable□Not applicable
13.Other current assets
In RMB
Item Ending balance Opening balance
Input tax to be deducted 67474472.29 73822826.88
Prepayment of income taxes 654014.29 499623.76
Prepaid and deferred expense 410856.05 1149134.70
Other 65672.44 32160.80
Total 68605015.07 75503746.14
Information on compensatory assets
Other explanation:
14.Creditors’ investment
(1) Creditors’ investment
In RMB
Ending balance Opening balance
Item Book balance Impairmentprovision Book value Book balance
Impairment
provision Book value
Changes of impairment provision of creditors’ investment in current period
In RMB
89深圳市深粮控股股份有限公司2026年半年度报告全文
Item Opening balance Current increase Current decrease Ending balance
(2) Important creditors’ investment at period-end
In RMB
Ending balance Opening balance
Item Face Coupon Actual Maturity Overdue Face Coupon Actual Maturity Overdue
value rate rate date principal value rate rate date principal
(3) Accrual of impairment provision
In RMB
Phase I Phase II Phase III
Bad debts reserve Expected credit losses Expected credit losses for the Expected credit losses for the
over next 12 months entire duration (without credit entire duration (with credit
Total
impairment occurred) impairment occurred)
Balance on Jan. 1 2026 in
the period
Classification basis and accrued ratio of bad debts reserve for each stage
(4) Creditors’ investment charged off in the period
In RMB
Item Amount charged off
Including major creditors’ investment charged off:
Explanation on creditors’ investment charged off:
Changes in book balance with significant changes in the current period's impairment provision
□Applicable□Not applicable
Other explanation:
15.Other creditors’ investment
(1) Other creditors’ investment
In RMB
Accumulated
impairment
Change of fair Accumulated provision
Item Opening balance Accrual Interest Endinginterest adjustment value in the balance Cost change of fair recognized in Noteperiod value other
comprehensive
income
Total 0.00 0.00
Changes in impairment provision of other creditors’ investments in the current period
In RMB
Item Opening balance Current increase Current decrease Ending balance
90深圳市深粮控股股份有限公司2026年半年度报告全文
(2) Other creditors’ investment at year-end
In RMB
Other Ending balance Opening balance
creditors’ Face Coupon Actual Maturity Overdue Face Coupon Actual Maturity Overdue
item value rate rate date principal value rate rate date principal
(3) Accrual of impairment provision
In RMB
Phase I Phase II Phase III
Bad debts reserve Expected credit losses Expected credit losses for the Expected credit losses for the Total
over next 12 months entire duration (without credit entire duration (with creditimpairment occurred) impairment occurred)
Balance on Jan. 1 2026 in
the period
Classification basis and accrued ratio of bad debts reserve for each stage
(4) Other creditors’ investment charged off in the period
In RMB
Item Amount charged off
Including major other creditors’ investment charged off:
Explanation on other creditors’ investment charged off:
Changes in book balance with significant changes in the current period's impairment provision
□Applicable□Not applicable
Other explanation:
16.Other equity instrument investment
In RMB
Reasons for
Gains Losses Accumulated
Accumulated
losses designating fair
recognized in recognized in gains recognized Dividend value
other other in other
recognized in
other income measurement
Item Opening comprehensive comprehensive comprehensive comprehensive recognized Ending with changesbalance income for the income for the income at the income at the in this balance recognized in
current period current period end of this period otherperiod end of thisperiod comprehensiveincome
Other equity instrument investment derecognized in current period
In RMB
Accumulated gains carried Accumulated losses carried
Item name Reason for de-recognition
forward to retained gains forward to retained gains
Sub-item disclosure of current non-trading equity instrument investments
In RMB
Item Dividends income Accumulated Accumulated Amount of other Reasons for Reasons forgains losses comprehensive designating fair transferring other
91深圳市深粮控股股份有限公司2026年半年度报告全文
income value comprehensive
transferred to measurement with income to retained
retained earnings changes earnings
recognized in
other
comprehensive
income
Other explanation:
17.Long-term account receivable
(1) Long-term account receivable
In RMB
Ending balance Opening balance
Discount rate
Item Bad debts Bad debts
Book balance Book value Book balance Book value range
reserve reserve
(2) Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book balance Bad debts reserve Book Book balance Bad debts reserve Book
Amount Ratio Amount Accrued valueratio Amount Ratio Amount
Accrued value
ratio
Including:
Including:
The bad debts reserve is made in accordance with the general model of expected credit losses:
In RMB
Phase I Phase II Phase III
Bad debts reserve Expected credit losses Expected credit losses for the Expected credit losses for the
over next 12 months entire duration (without credit entire duration (with credit
Total
impairment occurred) impairment occurred)
Balance on Jan. 1 2026 in
the period
Classification basis and accrued ratio of bad debts reserve for each stage
(3) Bad debts reserve accrued collected or reversal
In RMB
Amount changed in the period
Category Opening balance Ending balance
Accrued Collected or Written off orreversal charged off Other
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
92深圳市深粮控股股份有限公司2026年半年度报告全文
(4) Long-term account receivable charged off in the period
In RMB
Item Amount charged off
Including major long-term account receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on long-term account receivable charged off:
18.Long-term equity investment
In RMB
Opening Opening Current changes (+/-)
balance balance of Additi Capit Investment Other Other Cash dividend O
Ending Ending
Investee (book impairment onal al gains comprehensi equity or profit
Accrual of th balance balance of
value) provision invest reduc recognized ve income chang announced to
impairmen (book impairment
ment tion under equity adjustment e issued t provision
er
s value) provision
I. Joint venture
II. Associated enterprise
Zhuhai
Hengxing 0.3133640 - 281545
Feed 0.00 0.00 0.00 0.00 0.00 2000000.00 0.00 0 0.00
Industrial 9.82 1181827.06 82.76
Co. Ltd. 0
Shenzhen 0.Shenyuan 1188090 114458
Data Tech. 0.00 0.00 0.00 -435026.92 0.00 0.00 0.00 0.00 0 0.006.07 79.15
Co. Ltd 0
0.
4321731-396004
Subtotal 0.00 0.00 0.00 0.00 0.00 2000000.00 0.00 0 0.00
5.891616853.9861.91
0
0.
4321731-396004
Total 0.00 0.00 0.00 0.00 0.00 2000000.00 0.00 0 0.00
5.891616853.9861.91
0
The recoverable amount is determined on the basis of the net amount after deducting disposal expenses from fair value
□Applicable□Not applicable
The recoverable amount is determined on the basis of the present value of expected future cash flows
□Applicable□Not applicable
Reasons for significant discrepancies between the aforementioned information and the information or external information used in previous years'
impairment testing
Reasons for significant discrepancies between the information used in the company's previous annual impairment tests and the actual situation of the
current year
Other explanation:
19.Other non-current financial assets
In RMB
Item Ending balance Opening balance
Equity instrument investment 57500.00 57500.00
Total 57500.00 57500.00
Other explanation:
93深圳市深粮控股股份有限公司2026年半年度报告全文
20.Investment real estate
(1) Measured by cost
□Applicable □Not applicable
In RMB
Item House and building Land use right Construction in progress Total
I. Original book value
1.Opening balance 614724993.55 614724993.55
2.Current amount
increased
(1) Outsourcing
(2) Inventory\fixed
assets\construction in
process transfer-in
(3) Increased by
combination
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 614724993.55 614724993.55
II. Accumulated
depreciation and
accumulated amortization
1.Opening balance 382842938.50 382842938.50
2.Current amount
increased 7824619.94 7824619.94
(1) Accrual or
amortization 7824619.94 7824619.94
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 390667558.44 390667558.44
III. Impairment provision
1.Opening balance
2.Current amount
increased
(1) Accrual
3. Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance
IV. Book value
1.Ending book value 224057435.11 224057435.11
2. Opening book value 231882055.05 231882055.05
The recoverable amount is determined on the basis of the net amount after deducting disposal expenses from fair value
□Applicable□Not applicable
94深圳市深粮控股股份有限公司2026年半年度报告全文
The recoverable amount is determined on the basis of the present value of expected future cash flows
□Applicable□Not applicable
Reasons for significant discrepancies between the aforementioned information and the information or external information used in previous years'
impairment testing
Reasons for significant discrepancies between the information used in the company's previous annual impairment tests and the actual situation of the
current year
Other explanation:
(2) Measured at fair value
□Applicable□Not applicable
(3) Converted to investment real estate and measured at fair value
In RMB
Item Accounts before Reason for Approval Impact on
Impact on other
conversion Amount conversion procedures gains/losses comprehensiveincome
(4) Investment real estate without property certificate completed
In RMB
Reason for not obtaining the property rights
Item Book value
certificate
Other explanation:
21.Fixed assets
In RMB
Item Ending balance Opening balance
Fixed assets 1958510841.98 1993966742.36
Disposal of fixed assets 72206.81 0.00
Total 1958583048.79 1993966742.36
(1) Fixed assets
In RMB
Item House and buildings Machinery equipment Transport equipment Electronic and otherequipment Total
I. Original book
value:
1.Opening balance 1890806416.22 812400113.68 14355304.97 102313080.29 2819874915.16
2.Current amount
increased 498938.01 3335216.04 804986.07 768032.52 5407172.64
(1) Purchase 100844.34 372516.14 804986.07 656784.64 1935131.19
(2) Construction in
progress transfer-in 398093.67 2962699.90 0.00 96247.88 3457041.45
(3) Increased by
combination 0.00 0.00 0.00 0.00 0.00
(4) Other increase 0.00 0.00 0.00 15000.00 15000.00
3.Current amount
decreased 153732.81 2515883.19 143788.09 1346289.19 4159693.28
95深圳市深粮控股股份有限公司2026年半年度报告全文
(1) Disposal or
scrap 2361414.17 143788.09 1298133.55 3803335.81
(2) Other decrease 153732.81 154469.02 0.00 48155.64 356357.47
4.Ending balance 1891151621.42 813219446.53 15016502.95 101734823.62 2821122394.52
II. Accumulated
depreciation
1.Opening balance 348460291.24 379417797.55 12763105.14 82698644.34 823339838.27
2.Current amount
increased 21684365.68 15403971.55 198006.82 3833193.72 41119537.77
(1) Accrual 20945464.16 15403971.55 198006.82 3833193.72 40380636.25
(2) Other increase 738901.52 0.00 0.00 0.00 738901.52
3.Current amount
decreased 0.00 2291882.25 131428.45 1992847.33 4416158.03
(1) Disposal or
scrap 0.00 1750528.33 131428.45 1255882.20 3137838.98
(2) Other decrease 0.00 541353.92 0.00 736965.13 1278319.05
4.Ending balance 370144656.92 392529886.85 12829683.51 84538990.73 860043218.01
III. Impairment
provision 0.00 2558444.66 0.00 9889.87 2568334.53
1.Opening balance
2.Current amount
increased
(1) Accrual
3.Current amount
decreased
(1) Disposal or
scrap
4.Ending balance 0.00 2558444.66 0.00 9889.87 2568334.53
IV. Book value
1.Ending book
value 1521006964.50 418131115.02 2186819.44 17185943.02 1958510841.98
2. Opening book
value 1542346124.98 430423871.47 1592199.83 19604546.08 1993966742.36
(2) Temporarily idle fixed assets
In RMB
Item Original book value Accumulateddepreciation Impairment provision Book value Note
(3) Fixed assets leased out by operation
In RMB
Item Ending book value
(4) Fix assets without property certification held
In RMB
Item Book value Reasons for without the property certification
No. 1 Grain and Oil Headquarters of Dongguan 104596895.00 The joint inspection has not been completedLogistics temporarily
Office building 13612062.68 Remaining issues currently being followed
Other explanation:
96深圳市深粮控股股份有限公司2026年半年度报告全文
(5) Impairment testing of fixed assets
□Applicable□Not applicable
(6) Disposal of fixed assets
In RMB
Item Ending balance Opening balance
Machinery equipment 72206.81
Total 72206.81 0.00
Other explanation:
22.Construction in progress
In RMB
Item Ending balance Opening balance
Construction in progress 71035610.36 51951405.25
Engineering material 0.00 0.00
Total 71035610.36 51951405.25
(1) Construction in progress
In RMB
Ending balance Opening balance
Item
Book balance Impairment provision Book value Book balance Impairment provision Book value
Berth No.3
29931387.6329931387.6329296847.9729296847.97
construction project
Plot A3 workshop
No. 2 8544013.16 8544013.16 4266057.79 4266057.79
Beverage-tea new-
quality productivity
technology upgrade 8153510.89 8153510.89
project
Production workshop
renovation for
beverage-tea new-
quality productivity 6436550.75 6436550.75
technology upgrade
project
Reinforcement project
of Buji Industrial 5349748.52 5349748.52
Zone
Lifting equipment
construction project
892543.31892543.31892543.31892543.31
for berths No.1 and
No.2
Other 16628429.48 4900573.38 11727856.10 22396529.56 4900573.38 17495956.18
Total 75936183.74 4900573.38 71035610.36 56851978.63 4900573.38 51951405.25
(2) Changes of major construction in progress
In RMB
Current Transfe
Other Proportio Accumulat Including:
decreas n of ed amount of Interest Capital
Item Budget Opening amount r-in ed in Ending project Progresbalance fixed capitalizati capitalizati
capitalizati resourc
increased assets the
balance investme s on of on of on rate in
Period nt in interest interest in Period
es
97深圳市深粮控股股份有限公司2026年半年度报告全文
budget Period
Berth
No.3
185184073.29296847.634539.29931387.
constructi 16.16% 16.16% Others
19976663
on project
185184073.29296847.634539.29931387.
Total
19976663
(3) Impairment provision of construction in progress
In RMB
Item Opening balance Current increase Current decrease Ending balance Reason for accrual
Other explanation:
(4) Impairment testing of construction in progress
□Applicable□Not applicable
(5) Engineering material
In RMB
Ending balance Opening balance
Item Book balance Impairmentprovision Book value Book balance
Impairment
provision Book value
Total 0.00 0.00
Other explanation:
23.Productive biological asset
(1) Measured at cost
□Applicable □Not applicable
In RMB
Item Plant Livestock Forestry Fisheries Total
I. Original book value
1.Opening balance 416771.28 416771.28
2.Current amount
increased
(1) Outsourcing
(2) Self-cultivate
3.Current amount
decreased
(1) Disposal
(2) Other
4.Ending balance 416771.28 416771.28
II. Accumulated
depreciation
1.Opening balance 77539.08 77539.08
2.Current amount 4846.20 4846.20
98深圳市深粮控股股份有限公司2026年半年度报告全文
increased
(1) Accrual 4846.20 4846.20
3.Current amount
decreased
(1) Disposal
(2) Other
4.Ending balance 82385.28 82385.28
III. Impairment
provision
1.Opening balance
2.Current amount
increased
(1) Accrual
3.Current amount
decreased
(1) Disposal
(2) Other
4.Ending balance
IV. Book value
1.Ending book
value 334386.00 334386.00
2. Opening book
value 339232.20 339232.20
(2) Impairment testing of productive biological asset measured at cost model
□Applicable□Not applicable
(3) Productive biological asset measured at fair value
□Applicable□Not applicable
24. Oil and gas asset
□ Applicable□Not applicable
25. Right-of-use asset
(1) Right-of-use asset
In RMB
Item House and building Land use rights Total
I. Original book value
1.Opening balance 79089303.41 2875969.39 81965272.80
2.Current amount increased 413515159.11 0.00 413515159.11
(1) Lease 413515159.11 0.00 413515159.11
3.Current amount decreased
Other decrease
4.Ending balance 492604462.52 2875969.39 495480431.91
II. Accumulated depreciation
99深圳市深粮控股股份有限公司2026年半年度报告全文
1.Opening balance 25914326.33 1249407.80 27163734.13
2.Current amount increased 21111246.63 135902.25 21247148.88
(1) Accrual 21111246.63 135902.25 21247148.88
3.Current amount decreased
(1) Disposal
(2) Other decrease
4.Ending balance 47025572.96 1385310.05 48410883.01
III. Impairment provision
1.Opening balance
2.Current amount increased
(1) Accrual
3.Current amount decreased
(1) Disposal
4.Ending balance
IV. Book value
1.Ending book value 445578889.56 1490659.34 447069548.90
2. Opening book value 53174977.08 1626561.59 54801538.67
(2) Impairment testing of right-of-use assets
□Applicable□Not applicable
Other explanation:
26.Intangible assets
(1) Intangible assets
In RMB
Item Land use right Patent Non-patent Shop use Software usage Forest use Trademarktechnology rights rights rights rights Total
I. Original
book value
1.Opening
balance 500480270.30 54891301.41 3610487.37 120096244.95 22859104.98 98073.32 702035482.33
2.Current
amount 1253938.38 1253938.38
increased
(1) Purchase 564528.30 564528.30
(2) Internal
R&D
(3) Increased
by
combination
(4) Other
increase 689410.08 689410.08
3.Current
amount
decreased
(1) Disposal
(2) Other
decrease
4.Ending
balance 500480270.30 54891301.41 3610487.37 121350183.33 22859104.98 98073.32 703289420.71
II.Accumulated
100深圳市深粮控股股份有限公司2026年半年度报告全文
depreciation
1.Opening
balance 131535763.55 34113659.94 1772902.46 82370273.79 10004753.26 96854.32 259894207.32
2.Current
amount 6185823.47 827309.46 44880.36 7323954.09 462710.42 0.00 14844677.80
increased
(1) Accrual 6185823.47 827309.46 44880.36 7323954.09 462710.42 0.00 14844677.80
(2) Other
increase
3.Current
amount
decreased
(1) Disposal
(3) Other
decrease
4.Ending
balance 137721587.02 34940969.40 1817782.82 89694227.88 10467463.68 96854.32 274738885.12
III.Impairment
provision
1.Opening
balance 5553283.54 5553283.54
2.Current
amount
increased
(1) Accrual
3.Current
amount
decreased
(1) Disposal
4.Ending
balance 5553283.54 5553283.54
IV. Book
value
1.Ending
book value 362758683.28 14397048.47 1792704.55 31655955.45 12391641.30 1219.00 422997252.05
2. Opening
book value 368944506.75 15224357.93 1837584.91 37725971.16 12854351.72 1219.00 436587991.47
Ratio of the intangible assets formed by internal R&D in balance of intangible assets at period-end
(2) Data resource recognized as intangible assets
□Applicable □Not applicable
(3) Land use rights without certificate of ownership
In RMB
Item Book value Reasons for without the property certification
Land use right 7849990.00 Still in progress
Other explanation:
(4) Impairment testing of intangible assets
□Applicable□Not applicable
101深圳市深粮控股股份有限公司2026年半年度报告全文
27.Goodwill
(1) Original book value of goodwill
In RMB
Investee or matters Current increased Current decreased
forming goodwill Opening balance Formed by business Ending balancecombination Disposal
Total
(2) Impairment provision of goodwill
In RMB
Investee or matters
forming goodwill Opening balance
Current increased Current decreased
Accrual Disposal Ending balance
Total
(3) Related information of asset group or asset group portfolio where goodwill is included
Component and basis of asset Consistent with previous
Name Operation segment and basis
group or asset group portfolio years(Y/N)
Changes in asset group or asset group portfolio
Objective fact and basis leading to
Name Component before change Component after change
change
Other explanation
(4) Specific method of determining the recoverable amount
The recoverable amount is determined on the basis of the net amount after deducting disposal expenses from fair value
□Applicable□Not applicable
The recoverable amount is determined on the basis of the present value of expected future cash flows
□Applicable□Not applicable
Reasons for significant discrepancies between the aforementioned information and the information or external information used in previous years'
impairment testing
Reasons for significant discrepancies between the information used in the company's previous annual impairment tests and the actual situation of the
current year
(5) Completion of performance commitments and corresponding impairment of goodwill
When goodwill is formed there is a performance commitment and the reporting period or the previous period is within the performance
commitment period
□Applicable□Not applicable
Other explanation:
102深圳市深粮控股股份有限公司2026年半年度报告全文
28.Long-term expenses to be apportioned
In RMB
Item Opening balance Current amountincreased Current amortization Other decreased Ending balance
Decoration fee 4390400.05 459000.07 881187.62 149146.51 3819065.99
Improvement
expenditure for fix 14600283.81 1831737.46 2209598.85 31132.08 14191290.34
assets
Other 2185921.07 0.00 330006.66 0.00 1855914.41
Total 21176604.93 2290737.53 3420793.13 180278.59 19866270.74
Other explanation:
29.Deferred income tax asset /Deferred income tax liabilities
(1) Deferred income tax assets not offset
In RMB
Ending balance Opening balance
Item Deductible temporary Deferred income tax asset Deductible temporarydifferences differences Deferred income tax asset
Impairment provision for
assets 89507372.27 21815106.86 99386125.59 24284726.94
Unrealized profits in
internal transactions 1295708.20 194356.23 1511260.27 226689.05
Credit impairment loss 128933082.57 31819501.06 129373347.11 31926345.31
Lease liabilities 432360833.39 108086061.96 57798738.00 14449684.50
Total 652096996.43 161915026.11 288069470.97 70887445.80
(2) Deferred income tax liabilities not offset
In RMB
Item Ending balance Opening balance
Taxable temporary Deferred income tax Taxable temporary Deferred income tax
differences liabilities differences liabilities
Asset evaluation
appreciation of enterprise
combination under 39498363.08 9874590.77 40325797.60 10081449.40
different control
Right-of-use assets 447083929.48 111770982.37 54808175.81 13702043.94
Total 486582292.56 121645573.14 95133973.41 23783493.34
(3) Deferred income tax assets and deferred income tax liabilities listed as net amount after offsetting
In RMB
Offsetting between the
deferred income tax assets Ending balance of deferred
Offsetting between the
deferred income tax assets Opening balance ofItem and liabilities income tax assets or and liabilities at period- deferred income tax assetsliabilities after offsetting begin or liabilities after offsetting
Deferred income tax asset 111770982.37 50144043.74 13702043.94 57185401.86
Deferred income tax
liabilities 111770982.37 9874590.77 13702043.94 10081449.40
(4) Details of unrecognized deferred income tax assets
In RMB
103深圳市深粮控股股份有限公司2026年半年度报告全文
Item Ending balance Opening balance
Deductible temporary differences 181106212.03 162482468.67
Deductible loss 257662065.42 245781883.46
Total 438768277.45 408264352.13
(5) Deductible losses of unrecognized deferred income tax assets expiring in following years
In RMB
Year Ending balance Opening balance Note
202618811899.9419484453.96
202725006838.9415031259.32
202875717167.2685404328.21
202962980538.5459406260.42
203033647520.8338491553.46
203127714260.657114166.80
20325673197.695673197.69
20334696747.367780257.86
20343413894.217396405.74
Total 257662065.42 245781883.46
Other explanation:
30.Other non-current asset
In RMB
Item Ending balance Opening balance
Book balance Impairmentprovision Book value Book balance
Impairment
provision Book value
Shuang Guang
Grain Depot 51100263.93 0.00 51100263.93 51100263.93 0.00 51100263.93
Property to be
relocated 11121891.68 0.00 11121891.68 12868260.22 0.00 12868260.22
Prepaid for
engineer 2113270.81 0.00 2113270.81 1919383.97 0.00 1919383.97
Prepaid for system 2288069.04 0.00 2288069.04 602767.82 0.00 602767.82
Total 66623495.46 0.00 66623495.46 66490675.94 0.00 66490675.94
Information on compensatory assets
Other explanation:
31.Assets with restricted ownership or use rights
In RMB
Ending Beginning
Item
Book balance Book value Restriction Restriction Book balance Book value Restriction Restrictiontype status type status
Monetary Security Security
fund 3090418.00 3090418.00 4280703.44 4280703.44deposit deposit
Total 3090418.00 3090418.00 4280703.44 4280703.44
Other explanation:
104深圳市深粮控股股份有限公司2026年半年度报告全文
32.Short-term loans
(1) By category
In RMB
Item Ending balance Opening balance
Loan in credit 1710960395.75 1155754328.18
Total 1710960395.75 1155754328.18
Explanation on category of short-term loans:
(2) Overdue and unpaid short-term loans
The overdue and unpaid short-term loans was 0.00 yuan at period-end including follow major amount:
In RMB
Borrower Ending balance Loan rate Overdue time Overdue interest
Other explanation:
33. Tradable financial liabilities
Item Ending balance Opening balance
Including:
Including:
Other explanation:
34.Derivative financial liabilities
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
Other explanation:
35. Notes payable
In RMB
Category Ending balance Opening balance
Notes expiring at year-end not repaid was 0.00 yuan.
36. Accounts payable
(1) Accounts payable
In RMB
Item Ending balance Opening balance
Trade accounts payable 108229340.56 246567085.98
Account payable for engineering and equipment 33266810.05 55607350.97
Usage fee of Pinghu Grain Depot 60861292.92 40574195.28
105深圳市深粮控股股份有限公司2026年半年度报告全文
Other 3043271.60 3019639.49
Total 205400715.13 345768271.72
(2) Major accounts payable with aging over one year or overdue major accounts payable
In RMB
Item Ending balance Reason for not repaying or carry-over
Guangdong Henghui Construction Co. Ltd. 14404674.30 Partial projects are unsettled
Total 14404674.30
Other explanation:
37.Other account payable
In RMB
Item Ending balance Opening balance
Dividend payable 2933690.04 2933690.04
Other account payable 300824913.47 260252669.16
Total 303758603.51 263186359.20
(1) Interest payable
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
Important overdue and unpaid interest situation:
In RMB
Borrower Overdue amount Overdue reason
Other explanation:
(2) Dividend payable
In RMB
Item Ending balance Opening balance
Shenzhen Investment Management Company 2690970.14 2690970.14
Untrusted shares 242719.90 242719.90
Total 2933690.04 2933690.04
Other explanations including important dividends payable that have not been paid for more than one year should disclose the reasons for non-
payment:
(3) Other account payable
1)By nature
In RMB
Item Ending balance Opening balance
Accounts receivable and other expenses 207512520.09 192976382.72
Deposit and margin 75575394.25 54313673.64
Engineering quality assurance deposit and final
payment 1035714.75 1079444.38
106深圳市深粮控股股份有限公司2026年半年度报告全文
Accrued expenses 16701284.38 11883168.42
Total 300824913.47 260252669.16
2)Significant other accounts payable with aging over 1 year or overdue significant other accounts payable
In RMB
Item Ending balance Reason for not repaying or carry-over
Other explanation:
38.Accounts received in advance
(1) Accounts received in advance
In RMB
Item Ending balance Opening balance
Lease payment received in advance 427139.08 361950.00
Other 803501.64 562382.28
Total 1230640.72 924332.28
(2) Significant accounts received in advance with aging over one year or overdue significant accounts received in advance
In RMB
Item Ending balance Reason for not repaying or carry-over
In RMB
Item Change in amount Reason for change
39.Contract liabilities
In RMB
Item Ending balance Opening balance
Advance on sales 93309336.33 77779348.91
Total 93309336.33 77779348.91
Significant contract liabilities with aging over 1 year
In RMB
Item Ending balance Reason for not repaying or carry-over
Amount and reasons for important changes in book value in the period
In RMB
Item Change in amount Reason for change
40.Wage payable
(1) Wage payable
In RMB
Item Opening balance Current increased Current decreased Ending balance
I. Short-term compensation 137824755.53 150884271.05 163652966.65 125056059.93
II. After-service welfare-
defined contribution plans 4599429.13 18045843.59 17709768.09 4935504.63
107深圳市深粮控股股份有限公司2026年半年度报告全文
III. Dismissed welfare 726674.60 0.00 0.00 726674.60
Total 143150859.26 168930114.64 181362734.74 130718239.16
(2) Short-term compensation
In RMB
Item Opening balance Current increased Current decreased Ending balance
1. Wage bonus allowance
and subsidy 130836170.55 129549461.32 141485759.22 118899872.65
2. Employees’ welfare 593577.49 3341081.65 3838662.03 95997.11
3. Social insurance charges 395402.27 4768323.10 4788510.84 375214.53
Including: medical
insurance premium 361001.91 4168088.13 4187859.64 341230.40
Industrial injury
insurance 5202.62 338844.64 339260.87 4786.39
premiums
Maternity insurance
premiums 29197.74 261390.33 261390.33 29197.74
4. Housing public reserve 126573.60 9441159.89 9441387.90 126345.59
5. Trade union fee and
education fee 5781374.76 2456574.28 2705975.85 5531973.19
8.Non-monetary welfare 86656.86 1327670.81 1387670.81 26656.86
9.Other short-term
compensation 5000.00 0.00 5000.00 0.00
Total 137824755.53 150884271.05 163652966.65 125056059.93
(3) Defined contribution plans
In RMB
Item Opening balance Current increased Current decreased Ending balance
1. Basic endowment
insurance premiums 91766.23 11181529.76 11214829.12 58466.87
2. Unemployment
insurance premiums 4739.36 532328.46 533369.08 3698.74
3. Enterprise annuity 4502923.54 6296276.79 5925861.31 4873339.02
4.Total 0.00 35708.58 35708.58 0.00
Total 4599429.13 18045843.59 17709768.09 4935504.63
Other explanation:
41.Taxes payable
In RMB
Item Ending balance Opening balance
VAT 1891921.00 2185699.76
Enterprise income tax 55230939.60 223830634.62
Personal income tax 928067.43 1026973.43
Urban maintenance and construction tax 91225.69 119906.94
Property tax 6222658.31 1336335.07
Stamp tax 711985.94 835850.04
Educational surtax 66775.01 91940.30
Use tax of land 680329.66 138387.07
Others 2644.11 2644.11
Total 65826546.75 229568371.34
Other explanation:
108深圳市深粮控股股份有限公司2026年半年度报告全文
42.Liabilities held for sale
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
Other explanation:
43.Non-current liabilities due within one year
In RMB
Item Ending balance Opening balance
Lease liabilities due within one year 93300969.85 26385962.57
Total 93300969.85 26385962.57
Other explanation:
44.Other current liabilities
In RMB
Item Ending balance Opening balance
Deferred output tax 4407812.82 4373517.22
Total 4407812.82 4373517.22
Changes of short-term bonds payable:
In RMB
Breach
Bonds Face Issuance Bonds Amount Opening Issued in
Accrual Premium
value date term issued balance the period interest by and discount
Paid in Ending contract
face value amortization the period balance ornot(Y/N)
Total
Other explanation:
45.Long-term loans
(1) Category of long-term loans
In RMB
Item Ending balance Opening balance
Explanation on category of long-term loans:
Other explanation including interest rate range:
46. Bonds payable
(1) Bonds payable
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
109深圳市深粮控股股份有限公司2026年半年度报告全文
(2) Changes of bonds payable (not including preferred stock perpetual capital securities and other financial
instruments classified as financial liability)
In RMB
Issued in Accrual Premium Paid in Breach
Bonds Face Coupon Issuance Bonds Amount Opening the interest and Ending contractvalue rate date term issued balance period by face discount
the
value amortization period
balance or
not(Y/N)
Total —— ——
(3) Description of convertible bonds
(4) Other financial instruments classified as financial liability
Basic information of the outstanding preferred stock and perpetual capital securities at period-end
Changes of outstanding preferred stock and perpetual capital securities at period-end
In RMB
Outstanding Period-beginning Current increased Current decreased Period-end
financial
instrument Amount Book value Amount Book value Amount Book value Amount Book value
Explanation on the basis for classifying other financial instrument into financial liability
Other explanation
47.Lease liabilities
In RMB
Item Ending balance Opening balance
Lease payments 455276498.84 57694189.71
Unrecognized financing charges -22794414.36 -1839958.48
Minus: lease liabilities due within one year -93300969.85 -26385962.57
Total 339181114.63 29468268.66
Other explanation:
48.Long-term account payable
In RMB
Item Ending balance Opening balance
Special account payable 16769012.85 16732409.88
Total 16769012.85 16732409.88
(1) By nature
In RMB
Item Ending balance Opening balance
Other explanation:
110深圳市深粮控股股份有限公司2026年半年度报告全文
(2) Special account payable
In RMB
Item Opening Current Current Endingbalance increased decreased balance Causes
Depreciation funds for fixed assets of government reserve
grain depots 16517932.79 36602.97 0.00 16554535.76
Special funding for research in the grain public welfare
industry 207477.09 0.00 0.00 207477.09
Grain and oil market monitoring and early warning subsidy 7000.00 0.00 0.00 7000.00
Total 16732409.88 36602.97 0.00 16769012.85
Other explanation:
49. Long-term wage payable
(1) Long-term wage payable
In RMB
Item Ending balance Opening balance
Total 0.00 0.00
(2) Changes of defined benefit plans
Present value of the defined benefit plans:
In RMB
Item Current Period Last Period
Scheme assets:
In RMB
Item Current Period Last Period
Net liability (assets) of the defined benefit plans
In RMB
Item Current Period Last Period
Content of defined benefit plans and relevant risks impact on future cash flow of the Company as well as times and uncertainty:
Major actuarial assumption and sensitivity analysis of defined benefit plans:
Other explanation:
50.Accrual liabilities
In RMB
Item Ending balance Opening balance Causes
Other explanation including relevant important assumptions and estimation:
51.Deferred income
In RMB
Item Opening balance Current increased Current decreased Ending balance Causes
Government grant 78672600.62 431200.00 3784772.32 75319028.30 Government grantrelated to assets
Total 78672600.62 431200.00 3784772.32 75319028.30 --
Other explanation:
111深圳市深粮控股股份有限公司2026年半年度报告全文
52.Other non-current liabilities
In RMB
Item Ending balance Opening balance
Other explanation:
53. Share capital
In RMB
Current increased (decreased) +/-
Opening balance New shares Shares converted
issued Bonus shares from public Others Subtotal
Ending balance
reserve
Total shares 1152535254.00 1152535254.00
Other explanation:
54. Other equity instrument
(1) Basic information of the outstanding preferred stock and perpetual capital securities at period-end
(2) Changes of outstanding preferred stock and perpetual capital securities at period-end
In RMB
Outstanding financial instrument Period-beginning Current increased Current decreased Period-endQuantity Book value Quantity Book value Quantity Book value Quantity Book value
Total 0.00 0.00
Explanation on changes in other equity instrument reasons for changes and relevant accounting treatment basis:
Other explanation:
55. Capital reserve
In RMB
Item Opening balance Current increased Current decreased Ending balance
Capital premium (Share capital premium) 1263011835.48 0.00 0.00 1263011835.48
Other capital reserve 8896381.86 0.00 0.00 8896381.86
Total 1271908217.34 0.00 0.00 1271908217.34
Other instructions including changes in the current period reasons for changes:
56. Treasury stock
In RMB
Item Opening balance Current increased Current decreased Ending balance
Other explanation including changes and reason for changes:
57. Other comprehensive income
112深圳市深粮控股股份有限公司2026年半年度报告全文
In RMB
Current Period
Account Less: written in other Less: written in other
Item Opening before comprehensive income in comprehensive income in Less: Attributable to
Attributable to
balance previous period and carried previous period and carried income tax parent company minority
Ending
incometax in balance
theperiod forward to gains/losses in forward to retained earnings expense after tax
shareholders after
current period in current period tax
II. Other
comprehensive -
income re-classified -726271.56 0.00 0.00 0.00 -159928.90 0.00 -886200.46159928.90
into gains/losses
Exchange
differences on -
translation of foreign -726271.56 0.00 0.00 0.00 -159928.90 -886200.46
currency financial 159928.90
statements
Total of other -
comprehensive -726271.56 0.00 0.00 0.00 -159928.90 -886200.46
income 159928.90
Other explanation including the active part of the hedging gains/losses of cash flow transfer to initial reorganization adjustment for the arbitraged
items:
58. Reasonable reserve
In RMB
Item Opening balance Current increased Current decreased Ending balance
Other explanation including changes in current period and reason for changes:
59. Surplus public reserve
In RMB
Item Opening balance Current increased Current decreased Ending balance
Statutory surplus reserves 642697918.23 0.00 0.00 642697918.23
Total 642697918.23 0.00 0.00 642697918.23
Other explanation including changes in current period and reasons for changes:
60. Retained profit
In RMB
Item Current period Last period
Retained profit at last period-end before adjustment 1922336040.31 1877968762.99
Retained profit at period-beginning after adjustment 1922336040.31 1877968762.99
Add: net profit attributable to shareholder of parent
company 111864974.09 243215785.97
Less: withdrawal of legal surplus reserve 0.00 25968220.55
Common stock dividends payable 138304230.48 172880288.10
Retained profit at period-end 1895896783.92 1922336040.31
Details about adjusting the retained profits at the beginning of the period:
1) Due to the retroactive adjustments to Accounting Standards for Business Enterprises and its relevant new regulations the retained profit at the
beginning of the period was affected by 0.00 yuan.
2) Due to changes in accounting policies the retained profit at the beginning of the period was affected by 0.00 yuan.
3) Due to major accounting error correction the retained profit at the beginning of the period was affected by 0.00 yuan
4) Due to changes in merge scope caused by the same control the retained profits at the beginning of the period were affected by 0.00 yuan.
5) Due to other adjustments the retained profits at the beginning of the period were affected by 0.00 yuan.
Description on the details of using capital surplus to make up for losses:
113深圳市深粮控股股份有限公司2026年半年度报告全文
61. Operating revenue and operating cost
In RMB
Item Current period Last periodRevenue Cost Revenue Cost
Main business 2385724293.46 1999719465.96 2380995921.98 1941297621.82
Other business 1868050.31 1424276.89 3231515.92 847514.29
Total 2387592343.77 2001143742.85 2384227437.90 1942145136.11
Information on breakdown of operating revenue and operating cost:
In RMB
Branch 1 Branch 2 Total
Category Operating Operating Operating Operating Operating Operating Operating Operating
revenue cost revenue cost revenue cost revenue cost
Business
types
Including:
Classification
by business
area
Including:
Market or
customer
type
Including:
Contract
types
Including:
Classification
by time of
goods
transfer
Including:
Classification
by contract
duration
Including:
Classification
by sales
channel
Including:
Total
Information relating to performance obligations:
Item Time for Important Nature of the Is it the main Expected refunds Types of quality
performance payment terms goods promised to responsible to customers assurance
obligations transfer by the person borne by the provided by the
company company company and
related obligations
Other explanations
Information related to the transaction price allocated to the remaining performance obligations:
At the end of this reporting period the contract has been signed but the income corresponding to unfulfilled or incomplete performance obligations
114深圳市深粮控股股份有限公司2026年半年度报告全文
is 93309336.33 yuan all of which is expected to be recognized in the year of 2026.Related information of contract variable price:
Significant contract changes or significant transaction price adjustments
In RMB
Item Accounting treatment method Impact on income
Other explanation:
62.Tax and surcharge
In RMB
Item Current period Last period
Urban maintenance and construction tax 690794.02 558488.19
Education surcharge 548868.35 427914.55
Property tax 6287537.83 6030291.88
Use tax of land 855686.85 983134.88
Vehicle and vessel use tax 6355.28 76244.89
Stamp duty 1405683.23 789944.86
Other 5289.06 282049.61
Total 9800214.62 9148068.86
Other explanation:
63.Administration expenses
In RMB
Item Current period Last period
Labor and social security benefits 77039885.28 68048573.63
Depreciation and amortization of long-term
assets 18190650.86 20704572.10
Office expenses 3796707.04 2734065.83
Intermediary agency fees 2085023.09 2447676.25
Communication expense 815099.71 767588.46
Vehicle usage fee 344883.72 475475.05
Travelling expense 515774.62 1239181.61
Rental 12000.00 16200.00
Repairing expense 504787.24 234333.21
Low-value consumable 21822.92 311.03
Business hospitality 94918.95 307633.92
Relocation and shutdown costs 3093737.80
Other 2831888.16 4963966.38
Total 109347179.39 101939577.47
Other explanation:
64.Sales expense
In RMB
Item Current period Last period
Labor and social security benefits 41508272.52 42115079.76
Depreciation and amortization of long-term
assets 2259377.80 2943601.35
Utilities and office expenses 2342238.02 2169551.44
Sales service fee 3042416.63 5127547.02
115深圳市深粮控股股份有限公司2026年半年度报告全文
Storage and loading/unloading fees 1584.16
Low value consumables and other loss
expenses 388497.09 879315.37
Travel expenses 1221996.56 1580085.82
Business hospitality 435459.17 484397.33
Advertising expenses 133235.02 122150.87
Rental 286877.85 30827.57
Property insurance premium 81175.86
Logistics and transportation costs 61059.66 239131.85
Sales commission 12494.53
Vehicle use fee 425636.67 123924.22
Other 5521954.34 4798653.56
Total 57627021.33 60709520.71
Other explanation:
65.R&D expenses
In RMB
Item Current period Last period
Labor and social security benefits 7049270.29 4508400.43
Direct investment 1822537.09 2305713.08
Depreciation and amortization 1318192.37 1650826.40
Entrusted R&D expense 461108.08
Travel expense 368220.62 372878.73
Inspection and debugging expense 566419.70 448208.19
Office expense 14903.78
Other expenses 1235340.93 446593.52
Total 12359981.00 10208632.21
Other explanation:
66.Financial expense
In RMB
Item Current period Last period
Interest expenses 14788260.91 19155569.88
Interest income 470180.69 406929.22
Exchange gains/losses 50843.02 -37433.71
Handling fee and others 504814.66 330738.52
Total 14873737.90 19041945.47
Other explanation:
67.Other income
In RMB
Sources Current period Last period
Government grant 31727647.12 3348104.77
Input tax deduction 300719.35 501558.34
Handling fees for withholding personal income
tax 342219.21 336461.35
Other 289.62
116深圳市深粮控股股份有限公司2026年半年度报告全文
68.Net exposure hedge gains
In RMB
Item Current period Last period
Total 0.00 0.00
Other explanation:
69.Income of fair value changes
In RMB
Sources Current period Last period
Total 0.00 0.00
Other explanation:
70.Investment income
In RMB
Item Current period Last period
Long-term equity investment income measured
with equity method -1616853.98 -4462721.92
Investment income from the disposal of long-term
equity investment 4138196.12
Total 2521342.14 -4462721.92
Other explanation:
71.Credit impairment loss
In RMB
Item Current period Last period
Loss of bad debt of accounts receivable -39384.27 249349.20
Loss of bad debt of other accounts receivable -2646062.14 1014575.17
Total -2685446.41 1263924.37
Other explanation:
72.Asset impairment loss
In RMB
Item Current period Last period
I. Inventory depreciation loss and impairment
loss of contract performance cost -27159728.66 -42521010.08
Total -27159728.66 -42521010.08
Other explanation:
73.Income from disposal of assets
In RMB
Sources Current period Last period
Income from the disposal of non-current assets -14320.85 19967516.74
117深圳市深粮控股股份有限公司2026年半年度报告全文
74.Non-operation income
In RMB
Item Current period Last period Amount included in the currentnon-recurring gains/losses
Government grants 200000.00 11250.00 200000.00
Gains from damage and scrapping
of non-current assets 6841.85 26999.99 6841.85
Liquidated damages compensation
income 89691.67 79300.00 89691.67
Other 729426.74 29151.54 729426.74
Total 1025960.26 146701.53 1025960.26
Other explanation:
75.Non-operating expenditure
In RMB
Item Current period Last period Amount included in current non-recurring gains/ losses
External donations 100000.00
Loss from damage and scrapping
of non-current assets 55902.37 45422.67 55902.37
Penalty expenses and liquidated
damages 76447.61 6236.50 76447.61
Loss of scrap from inventory 71928.77
Other 236490.49 75927.79 236490.49
Total 368840.47 299515.73 368840.47
Other explanation:
76.Income tax expense
(1) Income tax expense
In RMB
Item Current period Last period
Current income tax expenses 69630188.61 45549703.07
Deferred income tax expenses 6834499.49 -2212397.91
Total 76464688.10 43337305.16
(2) Adjustment process of accounting profit and income tax expenses
In RMB
Item Current period
Total profit 188130307.99
Income tax expenses calculated by statutory/applicable tax rate 47032577.00
Impact from different tax rate applicable with subsidiaries -1066143.32
Effect of adjusting income tax in the previous period -342425.92
Impact of non-taxable income -1365388.35
Impact of cost expenses and losses unable to be deducted 1442505.63
Impact of the use of a previously unrecognized deferred income tax asset
on deductible losses -208457.23
Impact of unrecognized deferred income tax assets in current period on
deductible temporary differences or deductible losses 5455539.31
Other 25516480.98
Income tax expenses 76464688.10
118深圳市深粮控股股份有限公司2026年半年度报告全文
Other explanation:
77. Other comprehensive income
Refer to Note VII. 57 for details.
78. Items of cash flow statement
(1) Cash received with operating activities concerned
Cash received with other operating activities concerned
In RMB
Item Current period Last period
Intercourse funds and deposit 170180192.29 167279594.99
Government grants 884333.65 234873.15
Interest income 487155.58 540453.34
Other 1035917.12 5548924.52
Total 172587598.64 173603846.00
Note of cash paid with other operating activities concerned:
Cash paid with other operating activities concerned
In RMB
Item Current period Last period
Intercourse funds and deposit 176922334.93 175723905.37
Daily operating expenses 54573529.64 53387305.01
Other 1017565.03 1947940.25
Total 232513429.60 231059150.63
Note of cash paid with other operating activities concerned:
(2) Cash with investment activities concerned
Cash received with other investment activities concerned
In RMB
Item Current period Last period
Total 0.00 0.00
Significant cash received with investment activities concerned:
In RMB
Item Current period Last period
Explanation on cash received with other investment activities concerned：
Cash paid with other investment activities concerned
In RMB
Item Current period Last period
Cash and cash equivalents held by the
subsidiary at the date of loss of control 6299.62
Total 6299.62
Significant cash paid with investment activities concerned
In RMB
Item Current period Last period
Cash paid with other operating activities concerned
119深圳市深粮控股股份有限公司2026年半年度报告全文
(3) Cash with financing activities concerned
Cash received with other financing activities concerned
In RMB
Item Current period Last period
Refunded security deposit 3566285.43
Total 3566285.43 0.00
Note of cash received with other financing activities concerned:
Cash paid with other financing activities concerned
In RMB
Item Current period Last period
Operating lease paid 41729973.93 5323196.47
Total 41729973.93 5323196.47
Explanation on cash paid with other financing activities concerned:
Changes in liabilities arising from financing activities
□Applicable □Not applicable
(4) Cash flow listed at net amount
Item Relevant facts Basis for being listed at netamount Financial impact
(5) Significant activities and financial impacts that do not involve current cash inflow and outflow but affect the
financial condition of the company or may affect the cash flow of the company in the future
79.Supplementary information of cash flow statement
(1) Supplementary information of cash flow statement
In RMB
Supplementary information Current amount Last amount
1. Net profit adjusted to cash flow of operation
activities:
Net profit 111665619.89 175978271.28
Add: Impairment provision of assets 29845175.07 41283621.10
Depreciation of fixed assets
consumption of oil assets and depreciation of 48210102.39 56850288.74
productive biology assets
Depreciation of right-of-use assets 21247148.88 21244007.42
Amortization of intangible assets 14844677.80 15713200.60
Amortization of long-term deferred
expenses 3420793.13 4257789.16
Loss from the disposal of fixed assets
intangible assets and other long-term assets 14320.85 -19952880.86
(income is listed with “-”)
Losses on scrapping of fixed assets(income is listed with “- “) 49060.52 15786.79Loss from change of fair value(income is listed with “- “)Financial expenses (income is listed
with “-”) 14806254.30 42632880.85
Investment loss (income is listed with
“-”)-4138196.124462721.92
120深圳市深粮控股股份有限公司2026年半年度报告全文
Decrease of deferred income tax assets
(increase is listed with “-”) -91027580.31 -1882996.58
Increase of deferred income tax asset
((increase is listed with “-”) 97862079.80 -184876.57
Decrease of inventory (increase is
listed with “-”) -311812141.04 526841580.03
Decrease of operating receivable
accounts (increase is listed with “-”) 9279719.66 162945770.18
Increase of operating payable accounts
(decrease is listed with “-”) 2851411.90 -292926597.25
Other
Net cash flow from operating
activities -52881553.28 737278566.81
2. Material investment and financing not
involved in cash flow
Conversion of debt into capital
Convertible company bonds due within one
year
Financing lease of fixed assets
3. Net change of cash and cash equivalents:
Ending balance of cash 83587338.55 172849270.67
Less: opening balance of cash 69926342.31 158935342.85
Add: ending balance of cash equivalents
Less: opening balance of cash equivalents
Net increase of cash and cash equivalents 13660996.24 13913927.82
(2) Net cash paid for obtaining subsidiary in the Period
In RMB
Amount
Including:
Including
Including:
Other explanation:
(3) Net cash received by disposing subsidiaries in the Period
In RMB
Amount
Cash or cash equivalents received during the current period from
0.00
disposal of subsidiaries
Of which:
Less: cash and cash equivalents held by the subsidiary at the date of loss
6299.62
of control
Of which
Hangzhou Fuhaitang Catering Management Chain Co. Ltd. 6299.62
Of which
Net cash received from disposal of subsidiaries -6299.62
Other explanation:
(4) Component of cash and cash equivalents
In RMB
121深圳市深粮控股股份有限公司2026年半年度报告全文
Item Ending balance Opening balance
I. Cash 83587338.55 69926342.31
Including: Cash on hand 5997.77 6237.19
Bank deposit available for payment
at any time 83581340.78 69926342.31
III. Ending balance of cash and cash
equivalents 83587338.55 69926342.31
(5) Items with restricted application scope still belong to cash and cash equivalents
In RMB
Item Current amount Last amount Reason for still belonging to cashand cash equivalents
(6) Monetary funds not belonging to cash and cash equivalents
In RMB
Item Current amount Last amount Reason for not belonging to cashand cash equivalents
Monetary fund 3090418.00 6953725.85 Security deposit for letters ofcredit litigation preservation
Total 3090418.00 6953725.85
Other explanation:
(7) Explanation on other significant activities
80. Notes of changes of owners’ equity
Explain the name and adjusted amount in “Other” that have been adjusted to the ending balance of the previous year
81. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
Item Ending foreign currency balance Convert rate Ending RMB balance converted
Monetary fund
Including: USD 2313.12 6.8109 15754.43
EURO
HKD 4344768.81 0.8685 3773431.71
Account receivable
Including: USD 86229.94 6.8109 587303.50
EURO
HKD 221576.43 0.8685 192639.52
Long-term borrow
Including: USD
EURO
HKD
Other explanation:
122深圳市深粮控股股份有限公司2026年半年度报告全文
(2) Nature and financial effects of the lack of convertibility of the currency the spot exchange rates adopted and their
estimation process as well as the risks to which the entity is exposed due to the lack of currency convertibility.□Applicable□Not applicable
(3) Explanation on overseas operating entities including disclosure of their main overseas operating location
accounting currency and selection criteria for important overseas operating entities. If the accounting currency
changes the reasons should also be disclosed.□Applicable□Not applicable
(3) Situations where there is a lack of convertibility between the functional currency of a foreign operation and the
presentation currency of the entity.□Applicable□Not applicable
(4) Circumstance of lack of convertibility between the functional currency of foreign operation and the entity’s
presentation currency
□Applicable□Not applicable
82.Lease
(1) The company as leaser
□Applicable □Not applicable
Variable lease payments not included in the measurement of lease liabilities
□Applicable□Not applicable
Simplified rental fees for short-term leases and low value asset leases
□Applicable □Not applicable
Item Current amount
Short-term leases 39496073.75
Low- value lease expense 17522.15
Total 39513595.90
Circumstances involving sale-leaseback transactions
(2) The company as leasee
Operating lease with the company as leasee
□Applicable □Not applicable
In RMB
Item Lease income Including: income related to variable leasepayments not included in lease payments
Lease income 66395832.10
Total 66395832.10
Financing lease with the company as lessor
123深圳市深粮控股股份有限公司2026年半年度报告全文
□Applicable□Not applicable
Annual lease payments not discounted in the next five years
□Applicable□Not applicable
Adjustment table for lease payment not discounted and net lease investments
(3) Recognize gains/losses from financing lease as producer or dealer
□Applicable□Not applicable
83.Data resources
84.Others
VIII. R&D expenditure
In RMB
Item Current period Last period
Labor and social security benefits 7049270.29 4508400.43
Direct investment 1822537.09 2305713.08
Depreciation and amortization 1318192.37 1650826.40
Entrusted R&D expense 0.00 461108.08
Travel expense 368220.62 372878.73
Inspection and debugging expense 566419.70 448208.19
Other expenses 1235340.93 461497.30
Total 12359981.00 10208632.21
Of which: expensed research and development expenditure 12359981.00 10208632.21
1.R&D items that meet capitalization conditions
In RMB
Current increase Current decrease
Item Openingbalance Internal Recognized
Carried Ending
development Other as intangible forward to balance
expenditure assets currentgains/losses
Total
Major capitalized R&D items
Items R&D progress Estimated completion
Expected way of
generating economic Starting point of Specific basis fortime benefits capitalization starting capitalization
Impairment provision for R&D expenditure
In RMB
Item Opening balance Current increase Current decrease Ending balance Impairment test
124深圳市深粮控股股份有限公司2026年半年度报告全文
2. Important outsourced projects under research
Item Expected way of generating economic benefits The criteria and specific basis for determiningcapitalization or expensing
Other explanation:
IX. Changes in consolidation range
1. Enterprise combination not under the same control
(1) Enterprise combination not under the same control
In RMB
Acq
uire Time point to
Cost to Ratio of Way to Purchas Standard to Income of acquiree from Net profit of acquiree from Cash flow of acquiree from
e acquire equity
acquire equity acquire determine the purchasing date to period- purchasing date to period- purchasing date to period-
equity acquired equity ing date purchasing date end end end
Other explanation:
(2) Combination cost
In RMB
Combination cost
--Cash
--Fair value of non-cash assets
--Fair value of debts issued or assumed
--Fair value of equity securities issued
-- Contingent consideration
--Fair value of the equity prior to the purchasing date
--Others
Aggregate consideration transferred
Less: share of fair value of identifiable net assets acquired
Goodwill /amount where aggregate consideration transferred is less than
share of fair value of identifiable net assets acquired
Methods to define the fair value of aggregate consideration transferred:
Explanation on contingent considerations and their changes:
Main reasons for the formation of significant goodwill:
Other explanation:
(3) Identifiable assets and liabilities of the acquiree on purchasing date
In RMB
Fair value on purchasing date Book value on purchasing date
Assets:
Monetary funds
Accounts receivable
Inventory
Fixed assets
Intangible assets
125深圳市深粮控股股份有限公司2026年半年度报告全文
Liabilities:
Loan
Accounts payable
Deferred tax liabilities
Net assets
Less: minority interests
Net assets acquired
Determination method for fair value of the identifiable assets and liabilities:
Contingent liabilities assumed by the acquiree in enterprise combination:
Other explanation:
(4) Gains/losses arising from the equity held before purchasing date which are re-measured at fair value
Did there exist any business combination achieved through multiple transactions in which control was obtained during the reporting period
□Yes □No
(5) Explanation on failing to reasonably determine the combination consideration or the fair value of identifiable assets and liabilities of the
acquiree on the purchasing date or at the combination period-end
(6) Other explanation
2. Business combination under the same control
(1) Business combination under the same control in the Period
In RMB
Ac Ratio of Basis of enterprise Com Standard to Income of the acquiree Net profit of the acquiree Income of the Net profit of thequ equity combination under binati determine the from the combination from the combination acquiree during acquiree duringire acquired in the same control on combination period-begin to the period-begin to the the comparison the comparisone combination date date combination date combination date period period
(2) Combination cost
In RMB
Combination cost
--Cash
-- Book value of non-cash assets
-- Book value of debts issued or assumed
-- Face value of equity securities issued
--Contingent consideration
Explanation on contingent consideration and its changes:
Other explanation:
(3) Book value of the assets and liabilities of the acquiree on combination date
In RMB
Combination date Ending balance of last period
Assets:
Monetary funds
126深圳市深粮控股股份有限公司2026年半年度报告全文
Account receivable
Inventory
Fixed assets
Intangible assets
Liabilities:
Loan
Account payable
Net assets
Less: minority interests
Net assets acquired
Contingent liability of the combined party assumed by the Company during combination:
Other explanation:
3. Reverse purchase
Basic transaction information basis of counter purchase whether making up business due to the assets and liability reserved by listed company and
basis determination of combination cost amount and calculation on adjusted equity by equity transaction:
4. Disposal of subsidiaries
Whether there is any situation where a single disposal of investment in a subsidiary result in loss of control or not
□Yes ?No
In RMB
Whether there is any situation where investments in subsidiaries are disposed by steps through multiple transactions and control is lost in the current
period or not
□Yes □No
5. Other reasons for changes in consolidation range
Consolidation scope changes caused by other reasons (e.g establish new subsidiaries liquidate subsidiaries) and the related circumstances:
Reduction from liquidation of Hangzhou Fuhaitang Catering Management Chain Co. Ltd. during the current period
6.Other
X. Equity in other entities
1. Equity in subsidiaries
Subsidiary Registered Main place of Registration
Shareholding ratio
capital operation place Business nature Acquisition wayDirectly Indirectly
1530000000.0 Grain & oil Combine under
SZCG Shenzhen City Shenzhen City trading 100.00% the same0 control
Hualian Grain Combine under
300000000.00 Shenzhen City Shenzhen City
Grain & oil
trading 100.00% the same& Oil control
Flour Combine under
Shenzhen Flour 30000000.00 Shenzhen City Shenzhen City processing 100.00% the samecontrol
Shenliang 8000000.00 Shenzhen City Shenzhen City Inspection 100.00% Combine under
127深圳市深粮控股股份有限公司2026年半年度报告全文
Quality the same
Inspection control
Hainan Grain Combine under
and Oil 10000000.00 Haikou City Haikou City Feed production 100.00% the samecontrol
Combine under
Doximi 10000000.00 Shenzhen City Shenzhen City E-commerce 100.00% the same
control
Sales and
processing of Combine under
Big Kitchen 10000000.00 Shenzhen City Shenzhen City grain oil and 100.00% the same
relevant control
products
Property
Shenliang Combine under
Property 9500000.00 Shenzhen City Shenzhen City
development
and 100.00% the same
management control
International Combine under
Food 221000000.00 Dongguan City Dongguan City
Port operation
food production 100.00% the samecontrol
Dongguan Combine under
Grain and Oil 100000000.00 Dongguan City Dongguan City
Food
production 100.00% the samecontrol
Dongguan Storage Combine under
500000000.00 Dongguan City Dongguan City 49.00% 51.00% the same
Logistics logistics control
Construction of
food base and Combine under
Shuangyashan 100000000.00 Shuangyashan Shuangyashan development ofCity City related 100.00% the same
complementary control
facilities
Shenliang
Hongjun 30000000.00 Shenzhen City Shenzhen City Catering 51.00% Establishment
Dongguan
Hualian 10000000.00 Dongguan City Dongguan City
Grain and oil
trade 100.00% Establishment
Shenliang
Property 5000000.00 Shenzhen City Shenzhen City Property
Management management
100.00% Establishment
Shenbao
Huacheng 207451300.00 Shenzhen City Shenzhen City Manufacturing 100.00% Establishment
Wuyuan Ju
Fang Yong 290000000.00 Shangrao City Shangrao City Manufacturing 100.00% Establishment
Huizhou
Shenbao 60000000.00 Huizhou City Huizhou City
Comprehensive
businesses 100.00% Establishment
Shenshenbao Investment
Investment 50000000.00 Shenzhen City Shenzhen City management 100.00% Establishment
Shenbao Tea
Culture 15000000.00 Shenzhen City Shenzhen City
Commercial
trade 100.00% Establishment
Shenliang
Hongli 50000000.00 Hangzhou City Hangzhou City
Grain and oil
wholesale 100.00% Establishment
Fuhaitang Tea planting Business
Ecology 2000000.00 Hangzhou City Hangzhou City production and 100.00% combination not
Technology sales under the samecontrol
Shenbao Rock
Tea 20700000.00 Wuyishan City Wuyishan City Manufacturing 100.00% Establishment
Pu’er Tea
Supply Chain 20000000.00 Pu’er City Pu’er City
Wholesale
business 100.00% Establishment
Shenliang Food 30150000.00 Pu’er City Pu’er City Manufacturing 100.00% Establishment
Huizhou
Shenliang Food 5000000.00 Huizhou City Shenzhen City
Wholesale
business 100.00% Establishment
Business
Xingye Food 500000.00 Hong Kong Hong Kong Wholesale combinationChina China business 100.00% under the same
control
Loading
Smart unloading
Warehousing 10000000.00 Shenzhen City Shenzhen City handling and 100.00% Establishment
warehousing
(1) Membership of enterprise group
Explanation on shareholding ratio in subsidiaries different from ratio of voting right:
Explanation on the basis for controlling the investee with half or below voting rights held and without controlling the investee or explanation on the
128深圳市深粮控股股份有限公司2026年半年度报告全文
basis for not controlling the investee with over half voting rights:
Explanation on the basis for controlling the important structured entities included in the consolidation scope:
Basis for determining whether the company is an agent or consignor:
Other explanation:
(2) Important non-wholly-owned subsidiary
In RMB
Subsidi Shareholding ratio of minority Gains/losses attributable to Dividend announced to distribute for Ending equity of
ary shareholders minority in the Period minority in the Period minority
Explanation on the situation where the shareholding ratio of minority shareholders is different from the voting right ratio of minority shareholders:
Other explanation:
(3) Main financial information of the important non-wholly-owned subsidiaries
In RMB
Ending balance Opening balance
Subsi Current Non- Total Current Non- Totaldiary Current
Non- Total Current Non- Total
assets currentassets assets liabilities
current liabiliti assets currentliabilities es assets assets liabilities
current liabiliti
liabilities es
In RMB
Current Period Last Period
Subsid
iary Operating Net
Total Cash flow from Operating Net Total Cash flow from
revenue profit comprehensiveincome operating activities revenue profit
comprehensive
income operating activities
Other explanation:
(4) Significant restrictions on the use of enterprise group assets and the repayment of debts of the enterprise group
(5) Financial or other support offered to the structured entities included in consolidated financial statements
Other explanation:
2. Transactions where the share of owner’s equity in a subsidiary changes while the subsidiary is still controlled
(1) Explanation on changes in the share of owner’s equity in subsidiary
(2) Impact of such transaction on equity of minority interests and owners’ equity attributable to parent company
In RMB
Purchase cost/disposal consideration
--Cash
--Fair value of non-cash assets
Total of purchase cost/disposal consideration
129深圳市深粮控股股份有限公司2026年半年度报告全文
Less: Subsidiary’s share of net assets calculated in terms of the
proportion of acquired/disposed equity
Difference
Including: Adjust capital reserve
Adjust surplus reserve
Adjust undistributed profit
Other explanation
3. Equity in joint venture and associated enterprise
(1) Important joint venture or associated enterprise
Shareholding ratio Accounting
treatment on
Joint venture/Associated enterprise Main place of Registrationoperation place Business nature Directl Indirectl
investment in
y y joint venture andassociated
enterprise
Zhuhai Hengxing Feed Industrial
Co. Ltd. Zhuhai Zhuhai
Aquatic fee and animal
fee 40.00% Equity method
Description on situation where the shareholding ratio in joint ventures or associated enterprises is different from the ratio of voting rights:
Description on the basis for holding less than 20% of voting rights but having significant influence or holding 20% or more of voting rights but
having no significant influence.
(2) Main financial information of important joint venture
In RMB
Ending balance/Current period Opening balance/Last period
Current assets
Including: cash and cash
equivalents
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
Minority interests
Shareholders’ equity
attributable to parent
company
Share of net assets
calculated in terms of
shareholding ratio
Adjustment items
--Goodwill
--Unrealized profit of
internal trading
-- Other
Book value of equity
investment in joint venture
Fair value of the equity
investment in joint
ventures with public offers
concerned
Operating revenue
130深圳市深粮控股股份有限公司2026年半年度报告全文
Financial expenses
Income tax expenses
Net profit
Net profit of discontinuing
operation
Other comprehensive
income
Total comprehensive
income
Dividends received from
joint venture in the period
Other explanation
(3) Main financial information of important associated enterprises
In RMB
Ending balance/Current period Opening balance/Last period
Zhuhai Hengxing Feed Industrial Co. Ltd. Zhuhai Hengxing Feed Industrial Co. Ltd.Current assets 249814331.49 177038413.90
Non-current assets 17020151.55 18350792.07
Total assets 266834483.04 195389205.97
Current liabilities 169782107.68 92334280.10
Non-current liabilities 27072687.94 27086580.88
Total liabilities 196854795.62 119420860.98
Net asset 69979687.42 75968344.99
Minority interests
Equity attributable to shareholder of parent
company 69979687.42 75968344.99
Share of net assets measured in terms of
shareholding 27991874.97 30387338.00
Adjustment 162707.79 949071.82
--Goodwill
--Unrealized profit of internal trading
-- Other 162707.79 949071.82
Book value of equity investment in associated
enterprise 28154582.76 31336409.82
Fair value of the equity investment of
associated enterprise with public offers
concerned
Operating revenue 157168198.85 84662144.19
Net profit -988657.57 -7598639.64
Net profit of discontinuing operation
Other comprehensive income
Total comprehensive income -988657.57 -7598639.64
Dividends received from associated enterprise
in the year 2000000.00
Other explanation:
(4) Summary of financial information of unimportant joint ventures and associated enterprises
In RMB
Ending balance/Current Period Opening balance/Last Period
Joint venture:
Amount calculated in terms of shareholding ratio
Associated enterprise:
131深圳市深粮控股股份有限公司2026年半年度报告全文
Total amount calculated in terms of shareholding ratio
Other explanation
(5) Major limitation on capital transfer ability to the Company from joint ventures or associated enterprises
(6) Excess loss occurred in joint venture or associated enterprise
In RMB
Joint
venture/Associated Accumulated Derecognized losses not recognized in the Period (or net Accumulated derecognized
enterprise derecognized losses profit enjoyed in the Period) losses at period-end
Other explanation
(7) Unrecognized commitment related to joint venture investment
(8) Intangible liabilities related to joint venture or associated enterprise investment
4. Major joint operation
Name Main place of operation Registration place Business nature Shareholding ratio/ shares enjoyedDirectly In-directly
Explanation on situation where shareholding ratio or shares enjoyed in joint operation is different from voting right ratio in joint operation:
Explanation on the classification basis of joint operation in case the entity of joint operation is the separate entity:
Other explanation:
5. Equity in structured entities not included in the scope of consolidated financial statements
Explanation:
6. Other
XI. Government grant
1. Government grant recognized at period-ending in terms of amount receivable
□Applicable□Not applicable
Reasons for not receiving the expected amount of government grants at the expected time point
□Applicable□Not applicable
2.Liabilities involved with government grant
□Applicable □Not applicable
In RMB
Current increase Amount booked
Item Opening balance in government into non-business
Amount carried Other
income in current forward to other changes in Ending balance
Asset/income
grant relatedperiod income current period
Deferred
income 78672600.62 431200.00 3784772.32 75319028.30 Asset related
132深圳市深粮控股股份有限公司2026年半年度报告全文
3. Government grant booked into current gains/losses
□Applicable □Not applicable
In RMB
Accounting title Current period Last period
Other revenue 31727647.12 3308104.77
Other explanation:
XII. Risk related with financial instrument
1. Various risks arising from financial instruments
The company’s main financial instruments include monetary funds notes receivable accounts receivable other receivables other current assets
trading financial assets other non-current financial assets accounts payable other payables short-term borrowings non-current liabilities due within
one year and lease liabilities. The detailed information of various financial instruments has been disclosed in the relevant notes. The risks associated
with these financial instruments as well as the risk management policies adopted by the company to reduce these risks are described below. The
management of the company manages and monitors these risk exposures to ensure that the aforementioned risks are controlled within a limited range.
(1) Risk management objectives and policies
The main risks caused by the company’s financial instruments are credit risk liquidity risk and market risk (including exchange rate risk interest
rate risk and commodity price risk).The goal of the company’s risk management is to strike an appropriate balance between risk and return striving to reduce the adverse impact of
financial risks on our financial performance. Based on this risk management objective the company has developed a risk management policy to
identify and analyze the risks we face set appropriate acceptable levels of risks and design corresponding internal control procedures to monitor our
risk level. The company will regularly review these risk management policies and related internal control systems to adapt to market conditions or
changes in our business activities. The internal audit department of the company also regularly or randomly checks whether the implementation of
the internal control system complies with risk management policies.The board of directors is responsible for planning and establishing the company’s risk management structure formulating the company’s risk
management policies and related guidelines and supervising the implementation of risk management measures. The company has developed risk
management policies to identify and analyze the risks we face. These risk management policies clearly define specific risks and cover various
aspects such as market risk credit risk and liquidity risk management. The company regularly evaluates changes in the market environment and our
business activities to determine whether to update our risk management policies and systems. The risk management of the company is carried out by
relevant departments in accordance with the policies approved by the board of directors. These departments identify evaluate and mitigate related
risks through close cooperation with other business departments of the company.The company diversifies investment and business portfolio appropriately to diversify financial instrument risks and reduces risks concentrated in a
single industry specific regions or specific counterparties by formulating corresponding risk management policies.
1) Credit risk
Credit risk refers to the risk of a financial loss caused by the counter party’s failure to fulfill its contractual obligations.Credit risks of the Company arises mainly from monetary funds note receivable account receivable and other receivable.The company’s bank deposits are mainly deposited in state-owned banks and other large and medium-sized listed banks and we anticipate that there
is no significant credit risk associated with bank deposits.
133深圳市深粮控股股份有限公司2026年半年度报告全文
For notes receivable accounts receivable and other receivables the company has established relevant policies to control credit risk exposure. The
company evaluates the credit qualifications of customers based on their financial status credit records and other factors such as current market
conditions and sets corresponding credit periods. The company will regularly monitor customer credit records. For customers with poor credit
records we will use written reminders shorten or cancel credit periods etc. to ensure that our overall credit risk is within a controllable range.The debtors of the company’s accounts receivable are customers distributed across different industries and regions. the company continuously
conducts credit assessments on the financial condition of accounts receivable and purchases credit guarantee insurance when appropriate.The maximum credit risk exposure that the company is exposed to is the carrying amount of each financial asset on the balance sheet. the company
has not provided any other guarantees that may expose the company to credit risk.
2) Liquidity risk
Liquidity risk refers to the risk of a shortage of funds encountered by the company when fulfilling its obligations to settle cash or other financial
assets.When managing liquidity risk the company maintains cash and cash equivalents that the management deems sufficient and monitors them to meet
the company’s operational needs and reduce the impact of cash flow fluctuations. The management of the company monitors the use of bank loans
and ensures compliance with loan agreements. Simultaneously obtain commitments from major financial institutions to provide sufficient reserve
funds to meet both short-term and long-term funding needs.
3) Market risk
The market risk of financial instruments refers to the risk of fluctuations in the fair value or future cash flows of financial instruments due to market
price changes including interest rate risk exchange rate risk and other price risks.
4) Interest rate risk
Interest rate risk refers to the risk of fluctuations in the fair value or future cash flows of financial instruments due to changes in market interest rates.Interest rate risk can arise from both confirmed interest-bearing financial instruments and unconfirmed financial instruments (such as certain loan
commitments).Financial liabilities with floating rate expose the company to cash flow interest rate risk while financial liabilities with fixed rate expose the
company to fair value interest rate risk. The company determines the relative ratio of fixed and floating rate contracts based on the market
environment at that time and maintains an appropriate combination of fixed and floating rate instruments through regular review and supervision.The company closely monitors the impact of interest rate changes on our interest rate risk. The company currently does not adopt an interest rate
hedging policy. But the management is responsible for monitoring interest rate risk and will consider hedging significant interest rate risks when
necessary. An increase in interest rates will increase the cost of new interest-bearing debt and the interest expenses on floating interest-bearing debt
that the company has not yet paid off and will have a significant adverse impact on the company's financial performance. Management will make
timely adjustments based on the latest market conditions which may involve arranging interest rate swaps to reduce interest rate risk.
5) Exchange rate risk
Exchange rate risk refers to the risk of fluctuations in the fair value or future cash flows of financial instruments due to changes in foreign exchange
rates. Exchange rate risk may arise from financial instruments denominated in foreign currencies other than the accounting base currency.The exchange rate risk mainly lies in the impact of foreign exchange rate fluctuations on the company's financial position and cash flows. In addition
to the subsidiaries established in Hong Kong holding assets denominated in Hong Kong dollars as the settlement currency the company has only a
small amount of investment business in the Hong Kong market. The proportion of the company’s foreign currency-denominated assets and liabilities
in the overall assets and liabilities is not significant. Therefore the company believes that the exchange rate risk it faces is not significant.
134深圳市深粮控股股份有限公司2026年半年度报告全文
The company closely monitors the impact of exchange rate changes on its exchange rate risk. Currently the company has not taken any measures to
avoid exchange rate risks. However the management is responsible for monitoring exchange rate risks and will consider hedging significant
exchange rate risks when necessary.
(2) Capital management
The goal of the company’s capital management policy is to ensure that we can continue to operate provide returns to shareholders and benefit other
stakeholders while maintaining the optimal capital structure to reduce capital costs.In order to maintain or adjust its capital structure the company may adjust its financing methods adjust the amount of dividends paid to shareholders
return capital to shareholders issue new shares and other equity instruments or sell assets to reduce debt.The company monitors its capital structure based on the asset liability ratio (total liabilities divided by total assets).
2.Hedge
(1) Risk management for hedge business
□Applicable□Not applicable
(2) The company conducted eligible hedging business and applied hedging accounting
In RMB
Adjustment of
Impact of hedge
Book value related to accumulated fair value Sources of hedge
accounting on the
Item hedged items and hedging hedging included in the effectiveness and hedge
company’s financial
instruments recognized book value of ineffectiveness
statements
hedged items
Type of hedge risk
Type of hedge
Other explanation
(3) The company carried out hedging business for risk management and expected to achieve risk management goals but has not applied
hedge accounting
□Applicable□Not applicable
3.Financial assets
(1) By transfer manner
□Applicable ?Not applicable
(2) Financial assets derecognized due to transfer
□Applicable ?Not applicable
(3) Financial assets which are transferred and involved continuously
□Applicable ?Not applicable
135深圳市深粮控股股份有限公司2026年半年度报告全文
Other explanation
XIII. Disclosure of fair value
1. Ending fair value of the assets and liabilities measured at fair value
In RMB
Item Ending fair valueFirst-order Second-order Third-order Total
I. Sustaining measured at fair value -- -- -- --
Other non-current financial assets 57500.00 57500.00
II. Non-sustaining measured at fair value -- -- -- --
2. Basis for recognizing the market price of items sustaining and non-sustaining measured at fair value on first-order
3.Valuation technique qualitative and quantitative information on major parameters for items sustaining and non-
sustaining measured at fair value on second-order
4.Valuation technique qualitative and quantitative information on major parameters for items sustaining and non-
sustaining measured at fair value on third-order
Content Ending fair value Valuation technology Unobservable input value
Equity instrument investment
Non-listed equity investment 57500.00 Market method Investment cost
5.Adjustment information and sensitivity analysis of unobservable parameters for items sustaining and non-sustaining
measured at fair value on third-order
6. Reasons for conversion and policies for conversion time point of items sustaining measured at fair value in case there
is conversion between all levels
7. Changes of valuation technique in the Period and reasons
8. Financial assets and liabilities not measured at fair value
9. Other
XIV. Related party and related transactions
1. Parent company
Parent company Registrati
Register Ratio of Ratio of voting
on place Business nature ed shareholding on the right on thecapital Company Company
Shenzhen Food distribution platform and safety infrastructure 5000
Agricultural Power Shenzhen construction domestic trade industrial investment and million 63.79% 72.02%
Group Co. Ltd. operation etc. yuan
Explanation on parent company of the Company
136深圳市深粮控股股份有限公司2026年半年度报告全文
The ultimate controller of the Company is Shenzhen Municipal People’s Government State-owned Assets Supervision & Administration
Commission
Other explanation:
2. Subsidiaries of the Company
For more details of subsidiaries of the Company please refer to “Note X. (1)”.
3. Joint venture and associated enterprise of the Company
For more details of important joint venture and associated enterprise of the Company please refer to “Note V (3)”.Other joint venture and associated enterprise that have related transaction with the Company in the Period or that have balance with the Company
arising from transaction in last period are described as follows:
Joint venture/Associated enterprise Relationship with the enterprise
Other explanation
4.Other related parties
Other related parties Relationship between other related parties and the company
Shenzhen Agricultural Products Group Co. Ltd Holding subsidiary of parent company
Shenzhen Zhenchu Supply Chain Co. Ltd. Holding subsidiary of parent company
Shenzhen Medical Materials Co. Ltd. Holding subsidiary of parent company
Guangxi Higreen Agricultural Products International Logistics Co. Ltd. Holding subsidiary of parent company
Guangxi Higreen Agricultural Products International Logistics Co. Ltd. Holding subsidiary of parent company
Chengdu Agricultural Products Center Wholesale Market Co. Ltd. Holding subsidiary of parent company
Huizhou Higreen Agricultural Products International Logistics Co. Ltd. Holding subsidiary of parent company
Shenzhen Duoxi Equity Investment Fund Management Co. Ltd. Associated enterprise of the company
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Shichumingmen Catering Management Co. Ltd.controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Shennong Kitchen Co. Ltd.controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Xi'an Moer Agricultural Products Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Zhanjiang Changshan (Shenzhen) Ecological Aquaculture Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Cabbage Technology Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Zhanjiang Haitian Aquatic Feed Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Changzhou Shenbao Chacang E-business Co. Ltd.controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Shenliang Cold Transport Co. Ltd.controlling party
Ningxia Higreen International Agricultural Products Logistic Subsidiary of the Company’s shareholders controlled by the ultimate
Management Co. Ltd controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Zhenshihui Cold Chain Distribution Co. Ltd.controlling party
Shenzhen Guangming Higreen Agricultural Products Industry Subsidiary of the Company’s shareholders controlled by the ultimate
Development Co. Ltd controlling party
Shenzhen Shennong Revitalization Rural Industry Development Co. Subsidiary of the Company’s shareholders controlled by the ultimate
Ltd. controlling party
Huaiji County Shennong Modern Agriculture Development Co. Ltd Subsidiary of the Company’s shareholders controlled by the ultimate
137深圳市深粮控股股份有限公司2026年半年度报告全文
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Hunan Higreen Supply Chain Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Zhenpin Market Operation Technology Co. Ltd.controlling party
Shenzhen Higreen Agricultural Products Food Import and Export Trade Subsidiary of the Company’s shareholders controlled by the ultimate
Service Co. Ltd. controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Higren Food Quality Testing Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Zhenpin Group Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Futian Agricultural Products Wholesale Market Co. Ltd.controlling party
Yueyang Higreen International Agricultural Products Market Subsidiary of the Company’s shareholders controlled by the ultimate
Development Co. Ltd. controlling party
Shenzhen Agricultural Science and Technology Innovation Group Co. Subsidiary of the Company’s shareholders controlled by the ultimate
Ltd controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Tianjin Higreen Agricultural Products Logistics Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Danzhou City Shennong Modern Agricultural Development Co. Ltd.controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Agricultural Products Small Loan Co. Ltd
controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Shenzhen Southern Agricultural Products Logistics Co. Ltd.controlling party
Subsidiary of the Company’s shareholders controlled by the ultimate
Changsha Mawangdui Agricultural Products Co. Ltd.controlling party
Directors Manager Chief Financial Officer and Secretary of the Board Key management
Other explanation:
5. Related transaction
(1) Goods purchasing labor service providing and receiving
Goods purchasing/labor service receiving
In RMB
Related party Related transaction Current Period Approved transaction Whether more than Last Period
content limit the transaction limit
(Y/N)
Guangxi Higreen
Agricultural Products
Procurement of goods 38514.23 38514.23 N
International
Logistics Co. Ltd.Hunan Higreen
Supply Chain Co. Procurement of goods 42782.25 42782.25 N 32972.11
Ltd
Huaiji County
Shennong Modern
Agriculture Procurement of goods 24616.52 24616.52 N 57605.50
Development Co.Ltd
Huizhou Higreen
Agricultural Products Procurement of goods 16329.04 16329.04 N 1887.61
International
138深圳市深粮控股股份有限公司2026年半年度报告全文
Logistics Co. Ltd.Ningxia Higreen
International
Agricultural Products
Procurement of goods 541827.61 541827.61 N 391922.15
Logistic
Management Co.Ltd
Shenzhen Shennong
Procurement of goods 4979522.29 4979522.29 N 2532162.72
Kitchen Co. Ltd.Shenzhen Shennong
Revitalization Rural
Industry Procurement of goods 17388.50 17388.50 N 78705.72
Development Co.Ltd.Shenzhen Shenyuan Information software
5848041.25 5848041.25 N 3007850.00
Data Tech. Co. Ltd development
Shenzhen Zhenshihui
Cold Chain
Procurement of goods 53886.40 53886.40 N
Distribution Co.Ltd.Xi'an Moer
Agricultural Products Procurement of goods 78147.73 78147.73 N 75433.21
Co. Ltd
Zhenpin Market
Operation Procurement of goods 153060.00 153060.00 N
Technology Co. Ltd.Chengdu
Agricultural Products
Procurement of goods N 561526.59
Center Wholesale
Market Co. Ltd.Shenzhen Higreen
Agricultural
Products Food
Procurement of goods N 5840.70
Import and Export
Trade Service Co.Ltd.Shenzhen Higren
Food Quality Testing Procurement of goods N 120810.00
Co. Ltd
Shenzhen
Guangming Higreen
Agricultural Products
Procurement of goods N 279031.93
Industry
Development Co.Ltd
Goods sold/labor service providing
In RMB
Related party Content of related transaction Current period Last period
content
Danzhou City Shennong Modern
Agricultural Development Co. Product sales 863.72 5095.74
Ltd.Guangxi Xinliuyong Farm
Produce Wholesale Market Co. Product sales 32961.06
Ltd.Hunan Higreen Supply Chain Co. Product sales 2346629.25
139深圳市深粮控股股份有限公司2026年半年度报告全文
Ltd
Huizhou Higreen Agricultural
Products International Logistics Product sales 318430.17 10364.60
Co. Ltd.Shenzhen Agricultural Power
Product sales 11830.09 130831.87
Group Co. Ltd.Shenzhen Agricultural Power
Group Co. Ltd. (Shenzhen Food Product sales 800.00
and Material Group Co. Ltd)
Shenzhen Guangming Higreen
Agricultural Products Industry Product sales 8118.08 18138.04
Development Co. Ltd
Guangxi Higreen Agricultural
Products International Logistics Product sales 43549.64
Co. Ltd.Shenzhen Higreen International
Food Industry Development Co. Product sales 5180.74
Ltd.Shenzhen Agricultural Products
Product sales 4646.07
Small Loan Co. Ltd
Shenzhen Shennong Kitchen Co.Product sales 63385.28 879201.32
Ltd.Shenzhen Shennong Revitalization
Rural Industry Development Co. Product sales 4846.63 32769.25
Ltd.Shenzhen Zhenshihui Cold Chain
Product sales 77614.80
Distribution Co. Ltd.Shenzhen Zhenchu Supply Chain
Product sales 78220.00 236382.00
Co. Ltd.Tianjin Higreen Agricultural
Product sales 23320.35
Products Logistics Co. Ltd
Xi'an Moer Agricultural Products
Product sales 12488.49
Co. Ltd
Changsha Mawangdui
Product sales 25486.73
Agricultural Products Co. Ltd.Changzhou Shenbao Chacang E-
Product sales 30693.00
business Co. Ltd.Guangxi Higreen Agricultural
Products International Logistics Product sales 660.55
Co. Ltd.Huaiji County Shennong Modern
Product sales 2591.15
Agriculture Development Co. Ltd
Shenzhen Higreen Agricultural
Products Food Import and Export Product sales 66466.69
Trade Service Co. Ltd.Shenzhen Agricultural Science
and Technology Innovation Group Product sales 6900.00
Co. Ltd
Shenzhen Cabbage Technology
Product sales 10364.60
Co. Ltd
Shenzhen Futian Agricultural
Products Wholesale Market Co. Product sales 5005.15
Ltd.Shenzhen Agricultural Products
Product sales 9634.02
Group Co. Ltd
Shenzhen Medical Materials Co.Product sales 12955.75
Ltd.
140深圳市深粮控股股份有限公司2026年半年度报告全文
Shenzhen Zhenpin Group Co. Ltd Property management service 239831.90
Yueyang Higreen International
Agricultural Products Market Product sales 20729.20
Development Co. Ltd.Zhanjiang Changshan (Shenzhen)
Property management service 30188.68
Ecological Aquaculture Co. Ltd
Zhenpin Market Operation
Property management service 3396.24
Technology Co. Ltd.Explanation on goods purchasing labor service providing and receiving
(2) Related trusteeship management/contract & entrust management/outsourcing
Trusteeship management/contract:
In RMB
Client/C Trustee Type of trusteeship Start date of End date oftrusteeship trusteeship Pricing basis for earnings Earnings of trusteeshipontract /Contra management/contr management/contr management/contr of trusteeship management/contractissuer ctor act asset act act management/contract recognized in current period
Related trusteeship management/contract:
Entrusted management/outsourcing:
In RMB
Client/cont Trustee/C Type of Start date of End date of Pricing basis of
ract issuer ontractor entrusted/outsourc entrusted/outsour entrusted/outsour entrust/outsourcing
Entrust/outsourcing expense
ed assets ced ced expense recognized in current period
Related management/ outsourcing:
(3) Related lease
The company acts as the lessor:
In RMB
Lessee Assets type Lease income recognized in current Lease income recognized in lastperiod period
Shenzhen Shenyuan Data Technology Co. Lease of
ltd. houses 184288.58 184228.58
The company acts as the lessee:
In RMB
Simplified rental fees for short-term Variable lease payments not
leases and low value asset leases (if included in the Rent paid
Interest expense on Increased right- of-
Lessor Assets applicable) measurement of lease
lease liabilities
type liabilities (if applicable) assumed
use assets
Current period Last period Currentperiod Last period
Current Last Current Last Current Last
period period period period period period
Shenzhen Higreen
International Lease
Agricultural Products of 15771.00 15771.00
Logistic Management houses
Co. Ltd
Shenzhen Agricultural Lease
Power Group Co. Ltd. of 68000.00 79200.00houses
Explanation on related lease
(4) Related guarantee
The Company acts as the guarantor
141深圳市深粮控股股份有限公司2026年半年度报告全文
In RMB
Guaranted party Guarantee amount Guarantee start date Guarantee expiry date Whether the guarantee has been fulfilled
The Company acts as the guaranted party
In RMB
Guarantor Guarantee amount Guarantee start date Guarantee expiry date Whether the guarantee has been fulfilled
Explanation on related guarantee:
(5) Related party’s borrowed funds
In RMB
Related party Borrowing amount Start date Expiry date Note
Borrowing
Lending
(6) Assets transfer and debt reorganization of related party
In RMB
Related party Content of related transaction Current period Last period
(7) Remuneration of key executives
In RMB
Item Current period Last period
(8) Other related transaction
6. Accounts receivable from /payable to related parties
(1) Accounts receivable from related parties
In RMB
Ending balance Opening balance
Item Related party
Book balance Bad debts reserve Book balance Bad debts reserve
Hunan Higreen
Account receivable Supply Chain Co. 2753266.00 26990.56 2699056.00 26990.56
Ltd
Huizhou Higreen
Agricultural Products
Account receivable 190604.35 2379.60 237960.30 2379.60
International
Logistics Co. Ltd.Shenzhen Cabbage
Account receivable 18404.00
Technology Co. Ltd
Shenzhen Guangming
Higreen Agricultural
Account receivable 22160.00 277.44 27744.00 277.44
Products Industry
Development Co. Ltd
Guangxi Higreen
Agricultural Products
Account receivable 26996.00 750.34 75033.94 750.34
International
Logistics Co. Ltd.Account receivable Shenzhen Shennong 31780.00 79.38 126145.65 1407.65
142深圳市深粮控股股份有限公司2026年半年度报告全文
Kitchen Co. Ltd.Shenzhen Shennong
Revitalization Rural
Account receivable Industry 2022.20 26.76 2676.30 26.76
Development Co.Ltd.Shenzhen Zhenchu
Account receivable Supply Chain Co. 33470.00 0.00
Ltd.Tianjin Higreen
Account receivable Agricultural Products 55632.00 2400.96 29280.00 292.80
Logistics Co. Ltd
Xi'an Moer
Account receivable Agricultural Products 2400.00 6546.96 654696.00 6546.96
Co. Ltd
Yueyang Higreen
International
Account receivable Agricultural Products 11712.00 234.24 23424.00 234.24
Market Development
Co. Ltd.Shenzhen Higreen
International Food
Account receivable Industry 5710.00
Development Co.Ltd.Shenzhen
Account receivable Agricultural Products 15500.00
Small Loan Co. Ltd
Changsha
Mawangdui
Account receivable 28800.00
Agricultural Products
Co. Ltd.Guangxi Xinliuyong
Farm Produce
Account receivable 2180.00
Wholesale Market
Co. Ltd.Shenzhen
Account receivable Agricultural Power 2475200.16 84880.00 848.80
Group Co. Ltd.Shenzhen Guolian
Account receivable Supply Chain Co. 45720.00 457.20
Ltd
Shenzhen
Account receivable Agricultural Products 44.00 0.00
Group Co. Ltd
Shenzhen Higreen
Agricultural Products
Account receivable Food Import and 31885.20 318.85
Export Trade Service
Co. Ltd.Zhanjiang Changshan
Other account (Shenzhen)
5520.005520.00
receivable Ecological
Aquaculture Co. Ltd
Chengdu Agricultural
Other account
Products Center 19000.00
receivable
Wholesale Market
143深圳市深粮控股股份有限公司2026年半年度报告全文
Co. Ltd.Changsha
Other account Mawangdui
5000.00
receivable Agricultural Products
Co. Ltd.Tianjin Higreen
Other account
Agricultural Products 3000.00
receivable
Logistics Co. Ltd
Changzhou Shenbao
Other account
Chacang E-business 23115502.46 20687644.18 23615502.46 23615502.46
receivable
Co. Ltd.Shenzhen
Other account
Agricultural Power 16666.00 26400.00
receivable
Group Co. Ltd.Guangxi Higreen
Other account Agricultural Products
50000.0050000.00
receivable International
Logistics Co. Ltd.Other account Shenzhen Shenyuan
98113.21153584.90
receivable Data Tech. Co. Ltd
Shenzhen
Other account Shichumingmen
1908202.671908202.671908202.671908202.67
receivable Catering Management
Co. Ltd.
(2) Accounts payable to related parties
In RMB
Item Related party Ending book balance Opening book balance
Chengdu Agricultural Products Center
Account payable 2160.00 2160.00
Wholesale Market Co. Ltd.Guangxi Higreen Agricultural Products
Account payable 315.00 0.00
International Logistics Co. Ltd.Account payable Hunan Higreen Supply Chain Co. Ltd 13796.00 3038.00
Huaiji County Shennong Modern
Account payable 3354.00 0.00
Agriculture Development Co. Ltd
Huizhou Higreen Agricultural Products
Account payable 1550.00 0.00
International Logistics Co. Ltd.Ningxia Higreen International
Account payable Agricultural Products Logistic 11457.00 11532.00
Management Co. Ltd
Shenzhen Agricultural Power Group Co.Account payable 2958.00 0.00
Ltd.Shenzhen Shenliang Cold Transport Co.Account payable 406.00 0.00
Ltd.Account payable Shenzhen Shennong Kitchen Co. Ltd. 1086673.13 0.00
Shenzhen Shennong Revitalization Rural
Account payable 13664.50 5289.50
Industry Development Co. Ltd.Shenzhen Zhenchu Supply Chain Co.Account payable 14.84 0.00
Ltd.Xi'an Moer Agricultural Products Co.Account payable 1815.00 641.00
Ltd
Zhenpin Market Operation Technology
Account payable 153060.00 0.00
Co. Ltd.Account payable Shenzhen Municipal People’s 60861292.92 40574195.28
144深圳市深粮控股股份有限公司2026年半年度报告全文
Government State-owned Assets
Supervision & Administration
Commission
Shenzhen Agricultural Power Group Co.Other account payable 146162941.72 146162941.72
Ltd.Other account payable Shenzhen Shennong Kitchen Co. Ltd. 1008768.18 275000.00
Other account payable Shenzhen Shenyuan Data Tech. Co. Ltd 284910.37 2396937.66
Other account payable Zhanjiang Haitian Aquatic Feed Co. Ltd 20000.00 20000.00
Contract liability Shenzhen Shennong Kitchen Co. Ltd. 3131.00 16459.00
Shenzhen Zhenshihui Cold Chain
Contract liability 332.89 0.00
Distribution Co. Ltd.
7. Related party commitment
8. Other
XV. Share-based payment
1. Overall situation of share-based payment
□ Applicable □ Not applicable
2. Share-based payment settled by equity
□ Applicable □ Not applicable
3. Share-based payment settled by cash
□ Applicable □ Not applicable
4.Share-based payment expense in current period
□Applicable□Not applicable
5. Modification and termination of share-based payment
Nil
6. Other
Nil
XVI. Commitment or contingency
1. Important commitments
Important commitments on balance sheet date
145深圳市深粮控股股份有限公司2026年半年度报告全文
As of June 30 2026 there were no commitments that the company should disclose
2.Contingency
(1) Contingency on balance sheet date
(1) Contingent liabilities arising from pending litigation and arbitration and their financial impact
Target
SN Plaintiff Defendant Cause Court (’0000 Progress
yuan)
Guangdong Yongshen Construction International Food Construction The First People’s Court of1 Engineering Co. Ltd Industrial Park engineering contract Dongguan City Guangdong 2175.59 Pendingdispute lawsuit Province
The contract dispute case between Guangdong Yongsheng Construction Engineering Co. Ltd and International Food Industrial Park
In December 2025 Guangdong Yongshen Construction Engineering Co. Ltd filed a lawsuit requesting the International Food Industrial
Park to pay a total of 21.7559 million yuan including the high-quality project bonus work safety and civilized construction award
additional project funds for increased steel reinforcement quantity safety and civilized construction fees as well as legal fees and guarantee
fees.The case was heard at court on July?21 2026. The collegial panel has not yet rendered a judgment and the Company has not received any
judicial document to date. As of the reporting date the Company is unable to assess the expected financial impact arising from the above-
mentioned pending litigation and no provision has been recognised in respect of such pending litigation.
(2) If the Company has no important contingency need to disclosed explain reasons
The Company has no important contingency that need to disclose.
3.Other
XVII. Events after balance sheet date
1. Important non-adjustment matters
In RMB
Item Content Impact on financial status and operation results Reasons of failing to estimate the impact
2.Profit distribution
3. Sales return
4. Other events after balance sheet date
XVIII. Other important events
146深圳市深粮控股股份有限公司2026年半年度报告全文
1. Previous accounting errors correction
(1) Retrospective restatement
In RMB
Content of accounting error correction Procedures Items impact during every comparative period Accumulated impact
(2) Prospective application
Content of accounting error correction Approval procedure Reasons for adopting the prospective applicable method
2. Debt restructuring
3. Assets exchange
(1) Exchange of non-monetary assets
(2) Other assets exchange
4. Pension plan
5. Discontinuing operation
In RMB
Item Revenue Expenses Total profit Income tax expenses Net profit Profit of discontinuing operation attributable to owners of parent company
Other explanation
6. Branch
(1) Recognition basis and accounting policy for reportable branch
(2) Financial information for reportable branch
In RMB
Item Offset between branches Total
(3) Explain reasons in case the Company has no branches or is unable to disclose total assets and liabilities of segments
(4) Other explanation
7. Other major transaction and events makes influence on investor’s decision
8. Other
147深圳市深粮控股股份有限公司2026年半年度报告全文
XIX. Notes to main items of financial statements of parent company
1. Account receivable
(1) By aging
In RMB
Aging Ending book balance Beginning book balance
Within 1 year(inclusive) 37417175.60 25750909.96
Over 3 years 37454481.28 25788215.64
Over 5 years 37417175.60 25750909.96
Total 37305.68 37305.68
(2) Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book value Bad debts reserve Book value Book value Bad debts reserve
Amount Ratio Amount Accrued Amount Ratio Amount Accrued
Book value
ratio ratio
Account
receivable
with bad
debts
reserve 28453.08 0.08% 28453.08 100.00% 0.00 28453.08 0.11% 28453.08 100.00% 0.00
accrual on
a single
basis
Including:
Account
receivable
with bad
debts 37426028.20 99.92% 7082.08 0.02% 37418946.12 25759762.56 99.89% 7082.08 0.03% 25752680.48
reserve
accrual on
portfolio
Including:
Portfolio of
sales 47858.60 0.13% 7082.08 14.80% 40776.52 8852.60 0.03% 7082.08 80.00% 1770.52
receivable
Object-
specific 37378169.60 99.80% 0.00 0.00% 37378169.60 25750909.96 99.86% 0.00 0.00% 25750909.96
portfolio
Total 37454481.28 100.00% 35535.16 0.09% 37418946.12 25788215.64 100.00% 35535.16 0.14% 25752680.48
Accrual of bad debts reserve on single item
In RMB
Opening balance Ending balance
Name
Book balance Bad debts reserve Book balance Bad debts reserve Accrued ratio Accrual reason
Accrual of bad
debts reserve on a 28453.08 28453.08 28453.08 28453.08 100.00% Little probability
single basis of recovery
Total 28453.08 28453.08 28453.08 28453.08
Make bad debts reserve in terms of portfolio: Portfolio of sales receivable object-specific portfolio
In RMB
Ending balance
Name
Book balance Bad debts reserve Accrued ratio
Portfolio of sales receivable 47858.60 7082.08 14.80%
Object-specific portfolio 37378169.60 0.00 0.00%
148深圳市深粮控股股份有限公司2026年半年度报告全文
Total 37426028.20 7082.08
Explanation on the basis to determine such portfolio:
If the bad debts reserve of account receivable is made in accordance with the general model of expected credit losses:
□Applicable □Not applicable
(3) Bad debts reserve accrued collected or reversal
Bad debts reserve accrued in the period:
In RMB
Amount changed in the period
Category Opening balance Ending balance
Accrued Collected orreversal Charged off Other
Bad debts reserve of
account receivable 35535.16 35535.16
Total 35535.16 35535.16
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
(4) Account receivable charged off in the period
In RMB
Item Amount charged off
Including major account receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on account receivable charged off:
(5) Top five receivables and contract assets at ending balance by arrears party
In RMB
Ending
Ending balance of Ending balance of balance of Ratio in total ending balance
Ending balance of bad debt
Enterprise reserves for account receivableaccount receivable contract assets account of account receivables andreceivable and contract assets and impairment provision of
contract assets contract assets
2.Other account receivable
In RMB
Item Ending balance Opening balance
Other account receivable 3575928615.75 2964238623.06
Total 3575928615.75 2964238623.06
149深圳市深粮控股股份有限公司2026年半年度报告全文
(1) Interest receivable
1) By category
In RMB
Item Ending balance Opening balance
2) Important overdue interest
Borrower Ending balance Overdue time Overdue causes Whether impairment occurs and its judgment basis
Other explanation:
3)Accrued bad debts reserve
□Applicable□Not applicable
4)Bad debts reserve accrued collected or reversal
In RMB
Amount changed in the period
Category Opening balance
Accrued Collected or Written off or
Ending balance
reversal charged off Other
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
(5) Interest receivable charged off in the period
In RMB
Item Amount charged off
Including major interest receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on interest receivable charged off:
Other explanation:
(2) Dividends receivable
1) Category
In RMB
Item (or the invested entity) Ending balance Opening balance
Total 0.00 0.00
150深圳市深粮控股股份有限公司2026年半年度报告全文
2) Important dividend receivable with aging over one year
In RMB
Item (or investee) Ending balance Account aging Reasons for not collection Whether impairment occurs and its judgment basis
3) Accrued bad debts reserve
□Applicable□Not applicable
4) Bad debts reserve accrued collected or reversal
Bad debts reserve accrued in the period:
In RMB
Amount changed in the period
Category Opening balance Collected or Written off or Ending balanceAccrued reversal charged off Other
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
Other explanation:
5) Dividends receivable charged off in the period
In RMB
Item Amount charged off
Including major dividend receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on those charged off:
Other explanation:
(3) Other account receivable
1)By nature
In RMB
Nature Ending book balance Beginning book balance
Margin and deposit 12121784.62 7791342.21
Other intercourse funds 3590136566.17 2983277015.89
Total 3602258350.79 2991068358.10
2)By aging
In RMB
Aging Ending book balance Beginning book balance
Within 1 year(inclusive) 3568484941.01 2956794948.32
151深圳市深粮控股股份有限公司2026年半年度报告全文
1-2 year 9897832.02 9897832.02
2-3 years 0.00 0.00
Over 3 years 23875577.76 24375577.76
3-4 years 0.00 0.00
4-5 years 0.00 0.00
Over 5 years 23875577.76 24375577.76
Total 3602258350.79 2991068358.10
3)Accrued bad debts reserve
In RMB
Ending balance Opening balance
Category Book balance Bad debts reserve Book Book balance Bad debts reserve Book
Amount Ratio Amount Accrued valueratio Amount Ratio Amount
Accrued value
ratio
Including:
Including:
Bad debts reserve is made on the basis of the general model of expected credit losses:
In RMB
Phase I Phase II Phase III
Bad debts reserve Expected credit losses for Expected credit losses for
Expected credit losses over the entire duration (without the entire duration (with Total
next 12 months credit impairment credit impairment
occurred) occurred)
Balance on Jan. 1 2026 176463.75 26653271.29 26829735.04
Balance on Jan. 1 2026 in
the period
Current reversal -500000.00 -500000.00
Balance on Jun. 30 2026 176463.75 26153271.29 26329735.04
Classification basis and bad debts reserve ratio for each stage
Changes in book balance with significant changes in the current period's provision for losses
□Applicable□Not applicable
4)Bad debts reserve accrued collected or reversal
Bad debts reserve accrued in the period:
In RMB
Amount changed in the period
Category Opening balance Ending balance
Accrued Collected or Written off orreversal charged off Other
Bad debts reserve of
other account receivable 26829735.04 500000.00 26329735.04
Total 26829735.04 500000.00 26329735.04
Important bad debts reserve collected or reversal:
In RMB
Basis and rationality to
Enterprise Collected or reversal Reason for reversal Manner of reversal define the accrued ratio of
original bad debts reserve
152深圳市深粮控股股份有限公司2026年半年度报告全文
5) Other account receivable charged off in the period
In RMB
Item Amount charged off
Including major other account receivable charged off:
In RMB
Enterprise Nature Amount charged off Reason for charged off Procedure of charged Resulted by relatedoff transaction (Y/N)
Explanation on other account receivable charged off:
6) Top 5 accounts receivable at ending balance by arrears party
In RMB
Enterprise Nature Ending balance Aging Proportion in total other receivables at ending balance (%) Ending balance of bad debt reserve
7)Those booked into other accounts receivables due to centralized fund management
In RMB
Other explanation:
3.Long-term equity investment
In RMB
Ending balance Opening balance
Item
Book balance Impairmentprovision Book value Book balance
Impairment
provision Book value
Investment in
subsidiaries 4185668641.37 5500000.00 4180168641.37 4036688641.37 5500000.00 4031188641.37
Total 4185668641.37 5500000.00 4180168641.37 4036688641.37 5500000.00 4031188641.37
(1) Investment in subsidiaries
In RMB
Current changes (+/ -)
Investee Opening balance
Opening balance Ending balance
Accrual of Ending balance (book
(book value) of impairment Additional Capital value) of impairmentprovision investment reduction impairment Other provisionprovision
Shenzhen
Cereals Group 3291415036.82 3291415036.82
Co. Ltd
Dongguan
Shenliang
Logistics Co. 321680000.00 98980000.00 420660000.00
Ltd.Huizhou
Shenbao
Technology Co. 60000000.00 60000000.00
Ltd.Shenzhen
Shenbao
Huacheng 223228545.91 223228545.91
Technology Co.Ltd.Shenzhen
Shenshenbao
Investment Co. 50000000.00 50000000.00
Ltd
Shenzhen
Shenliang Food 80520842.36 5500000.00 80520842.36 5500000.00
153深圳市深粮控股股份有限公司2026年半年度报告全文
Co. Ltd.Xingye Food 4344216.28 4344216.28
Shenliang
Hongli 50000000.00 50000000.00
Total 4031188641.37 5500000.00 148980000.00 4180168641.37 5500000.00
(2) Investment in associated enterprises and joint venture
In RMB
Current changes (+/ -)
Opening Opening Investment Cash
balance balance of Other Ending
Ending
Investee gains Other dividend Accrual of(book impairment Additional Capital comprehensive balance(book
balance of
impairment
value) provision investment reduction
recognized income equity or profit impairment Other value)under change announced provision provision
equity adjustment to issued
I. Joint venture
II. Associated enterprise
The recoverable amount is determined on the basis of the net amount after deducting disposal expenses from fair value
□Applicable□Not applicable
The recoverable amount is determined on the basis of the present value of expected future cash flows
□Applicable□Not applicable
Reasons for significant discrepancies between the aforementioned information and the information or external information used in previous years'
impairment testing
Reasons for significant discrepancies between the information used in the company's previous annual impairment tests and the actual situation of the
current year
(3) Other explanation
4.Operating revenue and operating cost
In RMB
Current period Last period
Item
Revenue Cost Revenue Cost
Main business 182667328.92 83388480.92 75010570.45 12461791.38
Other business 89465.14 235795.14 73807.97 235795.14
Total 182756794.06 83624276.06 75084378.42 12697586.52
Breakdown information of operating income and operating costs:
In RMB
Contract Branch 1 Branch 2 Total
category Revenue Cost Revenue Cost Revenue Cost Revenue Cost
Business type
Including:
Classification
by business
area
Including:
Market or
customer type
Including:
Contract types
Including:
154深圳市深粮控股股份有限公司2026年半年度报告全文
Classification
by time of
goods transfer
Including:
Classification
by contract
duration
Including:
Classification
by sales
channel
Including:
Total
Information related to performing obligations:
Item Time for Important Nature of the Is it the main The expected The types of
performance payment terms goods promised to responsible refunds to quality assurance
obligations transfer by the person customers borne provided by the
company by the company company and
related obligations
Other explanation
Information related to the transaction price apportioned to the remaining performance obligations:
The amount of income corresponding to performing obligations that have been signed at the end of this reporting period but have not yet been
fulfilled or have not done with fulfillment is 0.00 yuan among them 0.00 yuan of revenue is expected to be recognized in the year
Significant contract changes or significant transaction price adjustments
Item Accounting treatment method Impact on income
Other explanation:
5. Investment income
In RMB
Item Current Period Last Period
6.Others
XX. Supplementary information
1. Current non-recurring gains/losses
□ Applicable □Not applicable
In RMB
Item Amount Note
Gains/losses from the disposal of non-current asset 3974345.36
Governmental subsidies reckoned into current gains/losses (except for those with normal It mainly refers to the relocation
operation business concerned and conform to the national policies & regulations and are compensation received by the
enjoyed according to certain standard and having a continuous impact on the company’s 30241325.01 Company from Shuguang Grain
gains/losses) Depot.
155深圳市深粮控股股份有限公司2026年半年度报告全文
Other non-operating income and expenditure except for the aforementioned items 501580.31
Less: impact on income tax 8666865.77
Total 26050384.91 --
Other gains/losses that conform to the definition of non-recurring gains/losses:
□ Applicable□ Not applicable
The Company does not have other gains/losses that conform to the definition of non-recurring gains/losses.Information on the definition of non-recurring gains/losses listed in the Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Non-recurring Gains/Losses as Recurring Gains/Losses
□Applicable □Not applicable
2. ROE and earnings per share
Earnings per share
Profits during reporting period Weightedaverage ROE Basic earnings per share Diluted earnings per(RMB/Share) share (RMB/Share)
Net profits attributable to common stock stockholders of the Company 2.22% 0.0971 0.0971
Net profits attributable to common stock stockholders of the Company
after deducting non-recurring gains/ losses 1.70% 0.0745 0.0745
3. Difference of the accounting data under accounting rules in and out of China
(1) Difference of the net profit and net assets disclosed in financial report under both IAS (International Accounting
Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable □Not applicable
In RMB
Net profit Net asset
Current amount Last amount Ending balance Opening balance
Under Chinese GAPP 111864974.09 176015525.87 4962151973.03 4988751158.32
Items and amount adjusted under IAS
1067000.001067000.00
Under IAS 111864974.09 176015525.87 4963218973.03 4989818158.32
(2) Difference of the net profit and net assets disclosed in financial report under both foreign accounting rules and
Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable□Not applicable
(3) Explanation on data differences under the accounting standards in and out of China; as for the differences
adjustment audited by foreign auditing institute listed name of the institute
4. Other
156
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