深圳市深粮控股股份有限公司2022年年度报告全文
深圳市深粮控股股份有限公司
SHENZHEN CEREALS HOLDINGS CO.LTD.ANNUAL REPORT 2022
April 2023
1深圳市深粮控股股份有限公司2022年年度报告全文
Section I. Important Notice Contents and Interpretation
Board of Directors the board of supervisors all directors supervisors and senior executives
of SHENZHEN CEREALS HOLDINGS CO.LTD. (hereinafter referred to as the Company)
hereby confirm that there are no any 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 Hu Haixiang Head of Accounting Lu Yuhe and Head of Accounting
Institution (Accounting Supervisors) Wen Jieyu hereby confirm that the Financial Report of
Annual Report 2022 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 Hong Kong Commercial Daily and Juchao Website (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 of investment risks.The Company has analyzed the risk factors that the Company may exist and itscountermeasures in the report. Investors are advised to pay attention to read “Prospect forfuture development of the Company” in the report of Section III Discussion and Analysis of
the Operation. 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 profit distribution plan that was deliberated and approved by the Board Meeting is:
based on total share capital of 1152535254 distributed cash bonus of 2.5 yuan (tax inclusive)
for every 10 shares 0 share bonus issued (tax inclusive) and no transfer of capital reserve into
share capital.
2深圳市深粮控股股份有限公司2022年年度报告全文
Contents
Section I. Important Notice Contents and Interpret... 2
Section II Company Profile and Main Financial Inde... 6
Section III Management Discussion and Analysis ..... 12
Section IV Corporate Governance .................... 38
Section V. Environmental and Social Responsibility.. 61
Section VI. Important Events ....................... 63
Section VII. Changes in Shares and Particulars abo. 108
Section VIII. Preferred Stock ..................... 116
Section IX. Corporate Bonds ....................... 117
Section X. Financial Report ....................... 118
3深圳市深粮控股股份有限公司2022年年度报告全文
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 audit report with seal of accounting firm and signature and seal of the CPA;
3. Original and official copies of all documents which have been disclosed on Securities Times China Securities
Journal Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) in the reporting period;
4. Original copies of 2022 Annual Report with signature of the Chairman.
4深圳市深粮控股股份有限公司2022年年度报告全文
Interpretation
Items Refers to Contents
SZCH/Listed Company /the Company/ Refers to Shenzhen Cereals Holdings Co. Ltd.Shenshenbao/Shenbao Company Refers to Shenzhen Shenbao Industrial Co. Ltd.SZCG Refers to Shenzhen Cereals Group Co. Ltd
Doximi Refers to Shenzhen Shenliang Doximi Business Co. Ltd.Flour Company Flour Factory Refers to Shenzhen Flour Co. Ltd
Shenliang Quality Inspection Refers to Shenliang Quality Inspection Co. Ltd.Dongguan Logistics Refers to Dongguan Shenliang Logistics Co. Ltd.Dongguan Food Industrial Park Refers to Dongguan International Food Industrial Park Development Co. Ltd.Shenbao Huacheng Refers to Shenzhen Shenbao Huacheng Technology Co. Ltd.Hualian Company Refers to Shenzhen Hualian Grain and Oil Trading Co. Ltd.Shenliang Cold Chain Refers to Shenzhen Shenliang Cold Chain Logistics Co. Ltd.Shenliang Property Refers to Shenzhen Shenliang Property Development Co. Ltd.Wuhan Jiacheng Refers to Wuhan Jiacheng Biotechnology Co. Ltd
Food Materials Group Refers to Shenzhen Food Materials Group Co. Ltd
Fude Capital Refers to Shenzhen Fude State Capital Operation Co. Ltd.Agricultural Products Refers to Shenzhen Agricultural Products Group Co. Ltd
SIHC Refers to Shenzhen Investment Holdings Co. Ltd.Shenzhen Municipal People’s Government State-owned Assets
Shenzhen SASAC Refers to
Supervision & Administration Commission
CSRC Refers to China Securities Regulation Commission
SSE Refers to Shenzhen Stock Exchange
Shu Lun Pan CPAs Refers to BDO China Shu Lun Pan Certified Public Accountant LLP
Article of Association Refers to Article of Association of Shenzhen Cereals Holdings Co. Ltd.RMB/10 thousand Yuan Refers to CNY/ten thousand Yuan
5深圳市深粮控股股份有限公司2022年年度报告全文
Section II Company Profile and Main Financial Indexes
I. Company information
Short form for share SZCH Shenliang B Stock code 000019 200019
Short form of share before
Shenshenbao Shenbao B
change(if applicable)
Listing stock exchange Shenzhen Stock Exchange
Chinese name of the深圳市深粮控股股份有限公司
Company
Abbr. of Chinese name of深粮控股
the Company
English name of the
SHENZHEN CEREALS HOLDINGS CO.LTD
Company(if applicable)
Legal Representative Hu Xianghai
8/F Tower B No.4 Building Software Industry Base South District Science & Technology
Registrations add.Park Xuefu Rd. Yuehai Street Nanshan District Shenzhen
Code for registrations add 518057
The registered address of the Company when listed in 1992 was No.10 Tianbei East Wenjin
North Road Luohu District Shenzhen; in 1999 the registered address changed to No.1058
Wenjin North Road Luohu District Shenzhen; in 2002 the registered address changed to 28/F
Historical changes of Tower BC of Bao’an Square No.1002 Sungang Road Luohu District Shenzhen; in 2010 the
registered address registered address changed to South half of the 20th floor Tower of Zhuzilin Education and
Technology Building Futian District Shenzhen; in 2015 registered address changed to 8/F
Tower B No.4 Building Software Industry Base South District Science & Technology Park
Xuefu Rd. Yuehai Street Nanshan District Shenzhen
Offices add. 13/F Tower A World Trade Plaza No.9 Fuhong Rd. Futian District Shenzhen
Codes for office add. 518033
Company’s website www.slkg1949.com
E-mail szch@slkg1949.com
II. Person/Way to contact
Secretary of the Board Rep. of security affairs
Name Chen Xiaohua Chen Kaiyue Liu Muya
13/F Tower A World Trade Plaza No.9 Fuhong 13/F Tower A World Trade Plaza No.9 Fuhong
Contact add.Rd. Futian District Shenzhen Rd. Futian District Shenzhen
Tel. 0755-83778690 0755-83778690
6深圳市深粮控股股份有限公司2022年年度报告全文
Fax. 0755-83778311 0755-83778311
E-mail chenxh@slkg1949.com chenky@slkg1949.com、liumy@slkg1949.com
III. Information disclosure and preparation place
Website of the Stock Exchange where the annual
Securities Times; China Securities Journal
report of the Company is disclosed
Media and Website where the annual report of the
Juchao Website: www.cninfo.com.cn
Company is disclosed
Preparation place for annual report Office of the Board of Directors
IV. Registration changes of the Company
Organization code 91440300192180754J
On February 18 2019 the company completed the registration procedures of
Changes of main business since listing changes in industry and commerce for business scope and other matters. The main
(if applicable) business has newly increased the modern food supply chain services as grain & oil
trading processing storage and logistics.On Septermber 10 1999 Shenzhen Investment Management Co. Ltd. entered into
the “Equity Transfer Agreement of Shenzhen Shenbao Industrial Co. Ltd.” with
Agricultural Products for 58347695 shares of the Company (35% in total shares of
the Company) transfer to Agricultural Products with price of RMB 1.95 per share.Agricultural Products comes to the first majority shareholder of the Company after
transfer and procedures for the above equity transfer has completed in June 2003.Previous changes for controlling
On April 3 2018 Shenzhen Investment Holdings Co. Ltd. completed the transfer of
shareholders (if applicable)
all of its 79484302 shares of A shares in the company to Fude Capital(changed its
name to Food Materials Group later). After the completion of the equity transfer
Food Materials Group directly holds 79484302 shares of A shares in the company
(accounting for 16% of the company’s original total share capital) and controls
19.09% shares of the company through Agricultural Products indirectly becoming
the controlling shareholder of the company.V. Other relevant information
CPA engaged by the Company
Name of CPA BDO China Shu Lun Pan Certified Public Accountant LLP
BDO CPAs 5/F No.11 Building Phase II q-plex No. 4080 Qiaoxiang Rd. Nanshan
Offices add. for CPA
District
Signing Accountants Qi Tao Tao Guoheng
Sponsor engaged by the Company for performing continuous supervision duties in reporting period
□ Applicable □ Not applicable
7深圳市深粮控股股份有限公司2022年年度报告全文
Financial consultant engaged by the Company for performing continuous supervision duties in reporting period
□ Applicable □ Not applicable
VI. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes □No
Changes in the current
2022 2021 year over the previous 2020
year (+-)
Operating revenue (RMB) 8312723058.19 10139563710.11 -18.02% 11884527506.34
Net profit attributable to
shareholders of the listed 420594871.27 428720226.09 -1.90% 405088385.54
Company (RMB)
Net profit attributable to
shareholders of the listed
402423745.44
Company after deducting 377558306.28 6.59% 374210363.49
non-recurring gains and losses
(RMB)
Net cash flow arising from
531888766.64440396029.5420.78%286528222.27
operating activities (RMB)
Basic earnings per share
0.36490.3720-1.91%0.3515
(RMB/Share)
Diluted earnings per share
0.36490.3720-1.91%0.3515
(RMB/Share)
Weighted average ROE 8.96% 9.13% -0.17% 8.99%
Changes at end of the
current year compared
Year-end of 2022 Year-end of 2021 Year-end of 2020
with the end of
previous year (+-)
Total assets(RMB) 7441334674.98 7669618906.32 -2.98% 7309384147.93
Net assets attributable to
shareholder of listed 4762973461.81 4630292102.34 2.87% 4595331999.76
Company(RMB)
The lower one of net profit before and after deducting the non-recurring gains/losses in the last three fiscal years is negative and the
audit report of last year shows that the ability to continue operating is uncertain
□Yes □No
The lower one of net profit before and after deducting the non-recurring gains/losses is negative
□Yes □No
8深圳市深粮控股股份有限公司2022年年度报告全文
VII. 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
Unit: RMB/CNY
Net profit attributable to shareholders of the Net assets attributable to shareholder of listed
listed Company Company
Current period Last period Ending amount Opening amount
Chinese GAAP 420594871.27 428720226.09 4762973461.81 4630292102.34
Items and amount adjusted by IAS
Adjustment for other
payable fund of stock 1067000.00 1067000.00
market regulation
IAS 420594871.27 428720226.09 4764040461.81 4631359102.34
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
The Company has no above mentioned condition occurred in the period
3. Explanation on differences of the data under accounting standards in and out of China
□ Applicable □ Not applicable
VIII. Main financial index disclosed by quarter
Unit: RMB/CNY
Q 1 Q 2 Q 3 Q 4
Operating revenue 2184426983.72 2153617544.63 2026973551.46 1947704978.38
Net profit attributable to
shareholders of the listed 137438033.98 100089748.95 80861710.05 102205378.29
Company
Net profit attributable to
shareholders of the listed
131804641.1695327647.5978028506.4597262950.24
Company after deducting
non-recurring gains and losses
9深圳市深粮控股股份有限公司2022年年度报告全文
Net cash flow arising from
216416899.3943956603.47479081865.79-207566602.01
operating activities
Are there significant differences between the above-mentioned financial index or its total number and the relevant financial index
disclosed in the Company’s quarterly report and semi-annual report?
□Yes □ No
IX. Items and amounts of extraordinary profit (gains)/loss
□ Applicable □ Not applicable
Unit: RMB/CNY
Item 2022 2021 2020 Note
Gains/losses from the disposal of non-current asset
(including the write-off that accrued for impairment of -3470850.06 29351180.57 2072531.42
assets)
Governmental subsidy reckoned into current
gains/losses (except for those with normal operation
business concerned and conform to the national
8775672.5815871621.2818503372.31
policies & regulations and are continuously enjoyed at
a fixed or quantitative basis according to certain
standards)
Profit and loss of assets delegation on others’
8455442.204014308.8512655258.64
investment or management
Except for the effective hedging operations related to
normal business operation of the Company the
gains/losses of fair value changes from holding the
tradable financial assets and tradable financial 18546.91 299292.76 -151852.20
liabilities and the investment earnings obtained from
disposing the trading financial asset trading financial
liability and financial assets available for sale
Reversal of provision of impairment of accounts
receivable which are treated with separate 881986.09 4076676.65 1236198.70
depreciation test
Other non-operating income and expenditure except
7042268.0613089042.882423255.86
for the aforementioned items
Other profit and loss items that meet the definition of
1064111.79496383.61
non-recurring profit and loss
Less: impact on income tax 4583525.90 14600145.88 5591230.45
Impact on minority shareholders’ equity
12525.84940057.30765895.84
(after-tax)
10深圳市深粮控股股份有限公司2022年年度报告全文
Total 18171125.83 51161919.81 30878022.05 --
Other gains/losses items that conform to the definition of non-recurring gains/losses:
□ Applicable □ Not applicable
The Company does not have other gains/losses items that conform to the definition of non-recurring gains/losses
Information on the definition of non-recurring profit(gain)/loss that listed in the Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary (non-recurring) Profit(gain)/loss as the recurring
profit(gain)/loss
□Applicable □Not applicable
The Company does not have any non-recurring profit(gain)/loss listed under the Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary (Non-recurring) Profit(Gain)/Loss defined as
recurring profit(gain)/loss
11深圳市深粮控股股份有限公司2022年年度报告全文
Section III Management Discussion and Analysis
I. Industry of the Company during the reporting period
(i) The basic situation development stage cyclical characteristics of the industry and the company’s position in
the industry shall highlight the major changes occurring during the reporting period.The year 2022 was a very important year for the development of the Party and the country.In the face of stormy
international environment and arduous domestic tasks of reform development and stability the CPC Central
Committee with comrade Xi Jinping as its core has united and led the whole Party and the people of all ethnic
groups to rise to the challenges coordinated both domestic and international situations and intensified
macro-control efforts to ensure overall economic and social stability. The great strategic goal of accelerating the
building of a strong agricultural country was clearly put forward at the CPC National Congress. In 2022 China's
agriculture and rural areas continued to maintain a sound development momentum with grain harvest in adversity.The output reached a record high and the soybean oil seed expansion exceeded expectations successfully
achieving the goal of stable production and supply. Compared with the international market domestic grain prices
were relatively stable and food security was effectively guaranteed.In 2022 there was no significant change in international grain production and consumption. However due to
various factors at home and abroad international grain prices fluctuated wildly grain imports declined and some
domestic and provincial grain and oil prices rose. The stable domestic and provincial food supply foundation has
smoothed the transmission of international food price fluctuations to China to some extent. In the second half of
the year the international and domestic grain supply and demand were basically stable and grain consumption
showed a trend of recovery. The trend of grain and oil prices was expected to be stable and weaken and the
uncertainties of price fluctuations still remained. First in the international market grain prices showed a trend of
"rising and then declining" with wild price fluctuations but there was no significant change in the fundamentals
of production and consumption; Second in the domestic market grain production had another bumper harvest
and overall prices of unprocessed grains and edible vegetable oils rose; Third in the provincial market grain
production and transfer increased grain ration prices were stable and prices of feed grain and edible oil rose.(ii) The major impact of newly promulgated laws administrative regulations departmental rules and industry
policies on the industry.In February 2022 the CPC Central Committee and the State Council issued the Opinions of the CPC Central
Committee and the State Council on Promoting Key Tasks of Rural Revitalization by 2022 (hereinafter referred to
as “the Opinions”) which is the 19th No. 1 Document of the Central Committee to guide the work related to
agriculture rural areas and farmers since the new century. The Opinions set priorities for comprehensively
promoting rural vitalization by 2022 and specified two bottom-line tasks: ensuring national food security and
preventing large-scale return to poverty; key tasks in three aspects: rural development rural construction rural
12深圳市深粮控股股份有限公司2022年年度报告全文
governance; promoting the realization of “two news”: new progress in rural revitalization and new steps in
agricultural and rural modernization. In terms of ensuring national food security the No. 1 Document of the
Central Committee for 2022 prioritized grain production and the supply of important agricultural products and
emphasized on the necessity to maintain cultivated land stabilize output and adjust the structure. The Opinionsemphasized “implementing the ‘tooth’ hard measures for the protection of cultivated land and strictly maintainingthe red line of cultivated land of 1.8 billion mu”. On the basis of the joint responsibility of the Party and
government for food security proposed in No.1 Document for 2021 the joint responsibility of the Party and
government for the protection of cultivated land and lifelong accountability were further proposed in No.2
Document for 2022. The Opinions pointed out to vigorously adjust and optimize the agricultural structure expand
the seeds of soybean rape and other oil crops and vigorously implement soybean and oil production capacity
improvement projects.In October 2022 the Report of the 20th CPC National Congress made an overall plan for the work of agriculture
rural areas and farmers. For the first time the term “strength in agriculture” was included in the report of the CPC
National Congress which provides fundamental guidelines for the work of agriculture rural areas and farmers onthe new journey in the new era. The report made important arrangements for “consolidating the foundation offood security in all aspects fully implementing the joint responsibility of the Party and government for foodsecurity strictly maintaining the red line of cultivated land of 1.8 billion mu” “ensuring that the rice bowls ofChinese people are firmly held in their own hands” and “ensuring the security of food energy resources andimportant industrial and supply chains”. Next we shall further implement the “grain storage in the land” and
intensify the protection of cultivated land and farmland construction. We shall implement the strictest cultivated
land protection system strengthen “tooth” hard measures and strictly maintain the red line of cultivated land of
1.8 billion mu. We shall optimize production layout and enhance comprehensive grain production capacity. We
shall improve and guarantee national laws and regulations for food security fully implement the joint
responsibility of the Party and government for food security strictly perform assessment on the responsibility
system for the protection of cultivated land and food security and share the responsibility in major producing
areas major marketing areas and production-marketing balanced areas. We shall strengthen the construction of
functional grain production areas take multiple measures at the same time to promote stable and increased grain
production and keep annual grain output above 650 million tons. We shall implement the concept of big food and
develop food resources in an all-round and multi-channel manner.II. 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.The wholesale and retail business are mainly rice wheat rice in the husk corn sorghum cooking oil and other
varieties of grain and oil as well as the sales of fine tea beverage and condiment. During the reporting period the
company overcame many adverse factors such as decline in market demand and fluctuation of grain price took
multiple measures to ensure supply and stable supply and continued to optimize the products strengthen the
13深圳市深粮控股股份有限公司2022年年度报告全文
brand and expand the market. Mainly supplied wheat rice corn barley sorghum and other raw grain to customers
such as the industry's large traders feed processing and flour processing enterprises and so on; mainly sold rice
flour cooking oil high-quality tea beverages and other products to demand units and community residents.Food processing and manufacturing business are mainly the processing the technology research in aspect of flour
rice cooking oil tea and natural plant extracts beverage and condiments etc. The company’s flour brands and
products include “Jinchangman” “Yingshanhong” and “Hongli” series bread flour; “Clivia” and “Canna” series
tailored flour for cakes and steamed bun; “Sunflower” wheat flour for noodles and cookie flour; “Tianlvxiang”
wheat flour for bread refined flour and dumpling flour etc.; Rice products include “Shenliang Doximi”
“Guzhixiang” “Gufengxianman” “Runxiangliangpin” “Hexiang” and “Taitai Fukou” etc. Cooking oil products
include brands such as “Shenliang Fuxi” “Shenliang Jinxi” and “Youtian” etc. Tea brands mainly include “Ju FangYong” tea; “Yichong” fresh extract “Jindiao” instant tea powder and other tea deep-processed products as well as
“Shenbao” chrysanthemum tea lemon tea and “Cha Mi Xiang Qi” and other series of tea drinks. Condiments are
mainly “Sanjing” oyster sauce and sauces. Several brands have formed product series including “SZCHYushuiqing” rice noodles oil and coarse cereals series “Jiaxi” rice & noodles series “Jinchangman” noodles &
oil series Black-faced Spoonbill tea rice oil drinking water non-staple food and condiment series etc. and the
launch of Yueqiu tea wine continues to enrich the product structure.The leasing and business service refers to providing the professional import & export trade warehousing &
storage logistic & distribution quality inspection & information technology services property leasing and
management business operation management services for all kinds of clients in the upstream and downstream of
the industrial chain by using the advantage of brand reputation operation service capacity and facility technology
that accumulated in field of grain and oil market. Dongguan smart gain logistics complex is a comprehensive
grain distribution service body integrating five major functions: grain & oil terminal transit reserve testing &
distribution processing & production and market trading; Shenliang Quality Inspection was awarded as
“Guangdong Shenzhen National Grain Quality Monitoring Station”. the subsidiary Shenliang Cold Chain
provides cold chain of food storage and distribution services to the customers and Shenliang Property is a
professional assets management platform enterprise.III. 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 throughself-innovation and become a highly competitive innovative and influential”ten billion” 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
14深圳市深粮控股股份有限公司2022年年度报告全文
promote the quality and efficiency of business development. The company vigorously promotes the innovation and
transformation of business models and actively promotes the transition from “trade-oriented enterprises” to
“service-oriented enterprises” and from “operational management and control” to “strategic management andcontrol”. In business control through the own information management system realizes a seamless link between
the “operation” and “planning capital quality inspection inventory risk control and discipline” building a strict
“six-in-one” system of controlling to effectively reduce the operational risks while fully participating in the
market competition and achieving a 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 meet the long-term development of enterprises and reserve intelligence for the enterprise upgrading and
development. The company has innovated and implemented the EVA performance appraisal mechanism and
established a result-oriented incentive and restraint assessment mechanism which effectively built the performance
culture and stimulated the viability within the enterprise. 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 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 coveringonline and offline and realizes the transformation of product supply to “remoteness intelligentization andself-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 ofe-commerce SZCH Doximi actively promotes the development of new grain retail formats such as “Internet +Grain” and “Community Automatic Grain Sales Stations” and has opened channels on e-commerce platforms
such as Tmall and Jingdong Mall so as to promote the deep integration of online and offline e-commerce
platforms. In terms of group meal supply its subsidiary SZCH Beige has established a one-stop distribution
service platform serving large end customers providing high-quality and safe smart group meal food services for
group users such as enterprises schools and government institutions. In terms of comprehensive tea drinking
services its subsidiary Shenbao Investment has launched a micro-complex “Cha Mi Xiang Qi” with a
combination of “light drinks” “light food” and “light retail” functions.
(3) 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
15深圳市深粮控股股份有限公司2022年年度报告全文
development. The company’s informatization construction capability is at the leading level in the grain reservesindustry taking the lead in building the warehouse management of “standardization mechanizationinformatization and harmlessness” 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.
(4) R&D capabilities
The company has strong research and development capabilities in the field of food and beverage and gathers
leading technological advantages and equipment systems. 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 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 a national standards “GBT 21733-2008 Tea Beverages” and two industry standards i.e. “TeaConcentrates for Food Industry - Light Industry Standard QB-T 4068- 2010” and “Instant Tea for Food Industry -Light Industry Standard QB-T 4067-2010”. Wuhan Jiacheng Company is a national-level high-tech enterprise a
supporting unit of Hubei Food Fermentation Engineering Technology Research Center a key backbone enterprise
in the national biological fermentation industry a unit undertaking national agricultural transfer funds innovation
funds and major key projects and has participated in drafting a number of national standards industry
development plans and related policies and has published dozens of papers monographs and has a number of
national patents for invention.
(5) Quality control
The company implements grain and oil quality standards that are higher than national standards. The subordinate
Shenliang Quality Inspection has the leading grain and oil quality inspection technology and equipment in the
domestic grain industry and is included in the national grain quality supervision and inspection system. It was
awarded the “Guangdong Shenzhen National Grain Quality Monitoring Station” by the State Administration of
Grain and obtained the assessment certificate of agricultural product quality and safety inspection agency (CATL)
and the qualification certificate of inspection agency (CMA) etc and passed the certification of a number of
16深圳市深粮控股股份有限公司2022年年度报告全文
testing capability items. Shenliang Quality Inspection 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. Has the internationally recognized quality control system. Its
subsidiary Shenbao Huacheng Company has established a quality control system recognized by large international
food and beverage companies and has successfully passed the quality certification of global suppliers of
Coca-Cola Lipton Kraft Suntory and Nestlé. Subsidiary Wuhan Jiacheng Company’s series of products have
passed the certification of European Organic Products (EOP) US National Organic Program and other relevant
system certification and also obtained the product registration certificate of Russian red currant and special
registration certificate of US FDA products for import etc.
(6) Brand effect
The company was awarded the “Top 500 Service Enterprises in China” “China’s Most Influential Grain & OilGroup” “China Top Ten Grain and Oil Groups” “China Top 100 Grain and Oil Enterprises” “National LeadingEnterprise Supporting Grain and Oil Industrialization” “National Quality Benchmark” and “Top 10 Food DigitalTechnology Applications”. It has been selected as one of the “First Batch of National Emergency Food SecurityEnterprises” “Top 100 Agricultural Industrialized Head Enterprises in China” “Top 10 Head Enterprise in theGrain Industry” and “The National Demonstration Enterprise of Assured Gain & Oil Demonstration Project” etc..It is the “Rice Bag” trusted by the public. Strengthen brand leadership actively explore and cultivate excellent
public brands rely on quality to win recognition reputation and market share and form a series of high-quality
grain and oil products centered on China Good Grain and Oil Shenzhen Well-known Brands and Shenzhen
Products. The company owns well-known brands and platforms such as “Shenzhen Flour” “SZCH Duoxi”
“SZCH Yushuiqing” “Big Kitchen” “Shenbao Teabank” “Ju Fang Yong” “Cha Mi Xiang Qi” “Sanjing”
“www.zglsjy.com.com” and “doximi.com” and gradually build an industrial system with complete “rice” + “tea”
elements.IV. Main business analysis
1. Overview
The year 2022 was a key period for the “14th Five-Year Plan”. Facing complex domestic and internationalsituations the company closely focused on the strategic goal of “building a high-quality service provider of smartgrain oil and food supply chain” adhered to the general principle of seeking progress while keeping performance
stable proactively served and integrated into the new development pattern of food security deepened reform and
17深圳市深粮控股股份有限公司2022年年度报告全文
innovation strengthened the coordinated support of the whole chain of production purchase storage processing
and marketing consolidated the stability of supply chain attached importance to both quantity and quality and
worked together to protect the “safety of every bide of food” of the people in the Special Administrative Region.In 2022 the company achieved the operating revenue of 8.313 billion yuan with a year-on-year decrease of
18.02%; the total profit was 471 million yuan with a year-on-year decrease of 8.76% and the net profit
attributable to shareholder of listed company was 421 million yuanwith a year-on-year decrease of 1.90%.
(1) Progress of key projects
The rice production line of the Northeast Grain Source Base has been put into operation with various indicators
exceeding expectations. The new seal-railway multimodal container or road-sea multimodal container has beenadopted to reduce grain loss shorten transportation time connect the channel of “grain from the North to thesouth” and further strengthen the chain of “production purchase storage processing and marketing” of grain oil
and food.Dongguan grain logistics nodes focus on both construction and operation. Shenzhen Cereals Logistics Building
has been officially put into operation A1 horizontal warehouse has been accepted and put into operation A2
and A3 plots have obtained the construction licenses and the construction has been promoted in order. The port
operation licenses of No.1 and No.2 berths have been obtained and the construction of No.3 berth has been
commenced.
(2) Reform deepening
The Company adhered to the guidance of high goals planning at high position and promotion in high efficiency.In 2022 the company fully completed the key tasks of three-year action for state-owned enterprise reform the
“Double Hundred Action” and the action to improve the world-class management effectively promoted the deep
integration of the Party’s leadership and corporate governance standardized the authorized management of the
board of directors of the company and its subsidiaries and fully implemented the tenure system and contractual
management of managers. The company carried out competition for management continuously improved the
scientific and technological innovation ability and digital development level and systematically improved the
enterprise management level. The company has been awarded Grade A in the second round assessment ofthree-year action for state-owned enterprise reform in Shenzhen and the National “Double Hundred EnterpriseBenchmark” in 2021 effectively playing the demonstration and leading role of “Double Hundred Enterprise”.
(3) Other key tasks
The first was to accelerate digital transformation. The company promoted the innovative application of the new
generation of information technology in the grain industry continued to strengthen information construction and
constantly improved the overall information level. Built a quality archive digital system to strengthen food quality
and safety control. Through opening up the information channel of key links such as food procurement sales
storage and quality inspection realized the collaborative operation among various systems effectively improved
food quality traceability ability and effectively guaranteed food security; carried out flour digital production
18深圳市深粮控股股份有限公司2022年年度报告全文
construction project promoted flexible production by digital means and realized effective digital application in
flour production management; carried out a number of information construction projects signed cooperation
framework agreements with Huawei and Tencent and accelerated the digital transformation of the whole chain.The second was to give full play to the driving role of standards. The company actively participated in the revision
of major national projects and national standards local standards and organization standards. In 2022 the
company participated in the formulation and revision of 10 standards among which 5 standards have been
officially issued and enforced in 2022; steadily promoted the national food and material reserve skills master
studio project “Reserve Rice Quality Control and Traceability Studio”; participated in the national key research
and development plan “Food Safety Key Technology Research and Development” the key special project “FoodSpoilage and Mildew Intelligent Real-time Monitoring and Alarm Traceability Technology ApplicationDemonstration” and the project of National Food and Strategic Reserves Administration “Quality Wheat for BreadQuality Analysis Index System Research and Wheat Quality Inspection Analysis”.The third was to strengthen internal control and management.The company deepened the implementation of
six-in-one “big risk control” management mechanism integrating “risk management + internal control andmanagement + legal compliance + audit + production safety + quality safety” and promoted the full coverage of
independent evaluation and risk assessment of subordinate enterprises; dealt with problems left over from the past
by means of “case to bankruptcy review consolidation by merger independent liquidation and destocking”;
constantly promoted the rectification of classification according to law inspection according to law and
administration according to law and effectively implemented the security and confidentiality work; strengthened
the cost control in the whole process of projects and the total reduction rate of project cost was 6.98%; improved
the fund management system promoted the replacement of own funds built a unified fund supervision platform
and completed the long-term supervision mechanism for fund security inspection.The fourth was to strengthen brand building. Combined with the brand building practice the company formulated
and issued Brand Building Report (Brand Improvement Management Plan) of SZCH which provided strong basis
and guidance for the brand building and development and effectively promoted the sustainable and high-quality
development of the company brands. A total of 16 products of subordinate companies including SZCH Doximi
SZCH Big Kitchen SZCH Food SZCH Axunge and Flour Company won the title of “Shenzhen Products”; FlourCompany and SZCH Big Kitchen were awarded the title of “Enterprise with Outstanding Contribution toAgricultural Products Support”; SZCH Big Kitchen was awarded municipal AAA level enterprise of quality safetyand standard management of agricultural products and selected into the 11th batch of “National Credible Grain andOil Demonstration Enterprises”; SZCH Food won the first prize in the essay category of the National Final of the
10th “National Brand Story Competition”; Shenbao Huacheng was awarded the title of the 12th “ShenzhenTime-honored Brand”; Wuhan Jiacheng won the first batch of innovative small and medium-sized enterprises in
Hubei Province.
19深圳市深粮控股股份有限公司2022年年度报告全文
2. Revenue(Income) and cost
(1) Component of operating revenue
Unit: RMB/CNY
20222021
Ratio in Ratio in Increase/decrease
Amount operating Amount operating y-o-y (+-)
revenue revenue
Total operating revenue 8312723058.19 100% 10139563710.11 100% -18.02%
According to industries
Wholesale and retail 6478281826.57 77.93% 8364236216.21 82.49% -22.55%
Leasing and business
998700581.8412.01%1003311609.059.90%-0.46%
services
Manufacturing 835740649.78 10.06% 772015884.85 7.61% 8.25%
According to products
Grain & oil trading and
7060875537.1384.94%8898880048.6487.76%-20.65%
processing
Grain & oil storage
914687968.8111.00%883450005.508.71%3.54%
logistics and services
Food beverage and tea
253146939.223.05%237372052.422.34%6.65%
processing
Leasing and others 84012613.03 1.01% 119861603.55 1.19% -29.91%
According to region
Domestic market 8273944947.64 99.53% 10096185227.04 99.57% -18.05%
Exportation 38778110.55 0.47% 43378483.07 0.43% -10.61%
According to sale model
Direct sale 8312723058.19 100.00% 10139563710.11 100.00% -18.02%
(2) Industries products regions and sales model that account for more than 10% of the operating revenue
or operating profit of the Company
□ Applicable □Not applicable
Unit: RMB/CNY
Increase/decr
Gross Increase/decrea Increase/decrea
ease of gross
Operating revenue Operating cost profit se of operating se of operating
profit ratio
ratio revenue y-o-y cost y-o-y
y-o-y
According to industries
20深圳市深粮控股股份有限公司2022年年度报告全文
Wholesale and
6478281826.576080180348.766.15%-22.55%-22.33%-0.26%
retail
According to products
Grain & oil
trading and 7060875537.13 6639166623.24 5.97% -20.65% -20.66% 0.00%
processing
According to region
Domestic market 8273944947.64 7141712718.11 13.68% -18.05% -19.14% 1.17%
According to sale model
Direct sale 8312723058.19 7172858434.85 13.71% -18.02% -19.04% 1.08%
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
(3) Revenue from physical sales larger than revenue from labors
□ Yes □ No
Increase/decrease
Industries Item Unit 2022 2021
y-o-y (+-)
Sales volume Ton 2187056.83 3195514.47 -31.56%
Wholesale and
Output
retail
Storage Ton 1160079.24 1172796.47 -1.08%
Reasons for y-o-y relevant data with over 30% changes
□ Applicable □Not applicable
In 2022 the wholesale and retail sales volume was 2187100 tons a year-on-year decrease of 31.56% compared to that of 2021
mainly due to the comprehensive impact of factors such as high fluctuations in grain and oil prices leading to a decrease in market
demand resulting in a decrease in the company’s grain and oil trade sales volume.
(4) Performance of significant sales contracts major procurement contract entered into by the company up
to the current reporting period
□ Applicable □ Not applicable
(5) Component of operation cost
Classification of industries and products
Unit: RMB/CNY
20222021
Increase/decr
Amount Ratio in Amount Ratio in
Industries Item ease y-o-y
operation operation cost
(+-)
cost
21深圳市深粮控股股份有限公司2022年年度报告全文
Wholesale and Raw 6080180348.76 84.77% 7828435792.29 88.36% -22.33%
retail materials
Explanation
The main business income of the company is from grain and oil trade and reserve services and the corresponding cost expenditure is
mainly the procurement cost of grain and oil trade.
(6) Whether changes in the scope of consolidation in reporting period
□Yes □No
In this period Zhenpin Market Operation Technology Co. Ltd. and Shenliang Hongli Grain and Oil (Shenzhen) Co. Ltd. were newly
established. The company lost its control right over Hangzhou Ju Fang Yong Trading Co. Ltd. as the latter was transferred to the
designated manager of the court due to bankruptcy liquidation. Shenzhen Shenbao Technology Center Co. Ltd. (hereinafter referred to
as “Shenbao Technology”) was absorbed and merged by Shenbao Huacheng before being cancelled.
(7) Material changes or adjustment for products or services of the Company in reporting period
□ Applicable □ Not applicable
(8) Major sales clients and main suppliers
Major sales clients of the Company
Total top five clients in sales (RMB) 2427324802.27
Proportion in total annual sales volume for top five clients 29.21%
Proportion in total annual sales volume for related sales among top five clients 0.00%
Top five clients of the Company
Serial Name Sales (RMB) Proportion in total annual sales
1 Client I 728839685.27 8.77%
2 Client II 511672103.95 6.16%
3 Client III 483390744.83 5.82%
4 Client IV 354962775.72 4.27%
5 Client V 348459492.50 4.19%
Total -- 2427324802.27 29.21%
Other explanation on main clients
□ Applicable □ Not applicable
Main suppliers of the Company
Total purchase amount from top five suppliers (RMB) 2539311117.40
Proportion in total annual purchase amount for top five suppliers 35.83%
22深圳市深粮控股股份有限公司2022年年度报告全文
Proportion in total annual purchase amount from related purchase
0.00%
among top five suppliers
Top five suppliers of the Company
Serial Name Sum of purchase (RMB) Proportion in total annual sum of
purchase
1 Supplier I 1004715867.54 14.18%
2 Supplier II 639279986.01 9.02%
3 Supplier III 346777874.34 4.89%
4 Supplier IV 326468438.50 4.61%
5 Supplier V 222068951.01 3.13%
Total -- 2539311117.40 35.83%
Other explanation on main suppliers
□ Applicable □ Not applicable
3. Expenses
Unit: RMB/CNY
Increase/decreas
2022 2021 Note of major changes
e y-o-y (+-)
As market demand reduced due to
the high fluctuations in grain and oil
prices and other factors the
Sales expenses 175760616.70 250216473.67 -29.76% company’s grain and oil trade
revenue has decreased and related
sales expenses have decreased
year-on-year.Administration
280557640.12300735585.34-6.71%
expenses
Financial expenses 51357048.55 56368586.68 -8.89%
R&D expenses 18549053.04 20689494.13 -10.35%
4. R &D investment
Expected impact on the
Projects Purpose Progress Goals to be achieved future development of
the Company
By opening up information Realize strict inspection Strengthen grain quality
SZCH quality archive channels in key links such as and supervision of grain control and traceability
Completed
digital system grain procurement sales warehousing storage inspection meet the
storage and quality inspection and ex-warehouse and requirements of external
23深圳市深粮控股股份有限公司2022年年度报告全文
learn about the quality and improve the traceability supervision and
storage of grain in time. ability of grain quality. inspection and
effectively ensure food
security.By creating management Strengthen contract risk
modules related to control and supervision
Improve the digital level
supplier/customer management management and
of contract management
SZCH contract digital contract signing management realize automatic early
Completed and realize the whole
management system contract execution supervision warning and intelligent
process and life cycle
and statistical evaluation fully calculation of contract
management of contract.improve contract digital management.supervision ability and level.By improving and optimizing Optimize the
Strengthen enterprise
the national reserve grain depot information display of
data resource
management and inventory reserve grain depot and
management
dynamic and real-time data seamlessly connect withSZCH “One enterprise development anddisplay function further the "smart state-ownedone screen” utilization and make full
upgrade and improve the "one Completed assets center screen"
management system use of big data to reflect
enterprise one screen" system. system of the municipal
(Phase III) the comprehensive
State-owned Assets
operation status and
Supervision and
development trend of the
Administration
company.Commission.By upgrading and improving the Strengthen company
functional module of account fund management Improve the overall
SZCH account declaration management improve user financial work efficiency
management system system realize interconnection Completed experience and of the company and
(Phase II) between the account system strengthen internal risk achieve full coverage of
CBS fund management system control. online fund control.and EAS system.By conducting interface Improve the operation Realize vertical
integration improve data efficiency of business connection between
transmission time efficiency system and meet the superiors and
between systems and solve information subordinates horizontal
SZCH supply chain untimely system data construction integration between
system interface synchronization. Completed requirements of business and financial
integration project comprehensive modules and promote
management and the transformation of
control. business model and the
improvement of
management quality.By collecting and making Improve the Further enhance brand
statistics of company trademark comprehensive value and lay a good
data avoid risks of trademark utilization level of foundation for the
SZCH brand digital registration rejection and trademark resources subsequent cultivation
Completed
management platform infringement and improve the and empower company and development of
standardization and brand asset dominant brands.systematization of company management.trademark management.Through the functions of Strengthen Strengthen the process
development project comprehensive control of investment
information management supervision over projects and realize the
SZCH investment annual investment budget investment projects and collection and recording
Completed
management system management monthly achieve standardized of relevant information
investment progress filling and refined investment and data in the whole life
improve the efficiency of management. cycle of investment
investment project management. projects.
24深圳市深粮控股股份有限公司2022年年度报告全文
By upgrading and reforming Highlight enterprise Strengthen the
SZCH Cloud APP optimize the management and comprehensive
functions of enterprise operation services intuitively development and
data analysis inventory data show the industry utilization of data
analysis grain depot operation characteristics of resources and build a
SZCH cloud 2.0
analysis and improve Completed enterprise and cloud platform for
project
management efficiency and management overview enterprise
service level. and reduce management comprehensive operation
costs. analysis and
decision-making
assistance.□ Applicable □ Not applicable
Personnel of R&D
2022 2021 Change ratio(+-)
Number of R&D (people) 136 113 20.35%
Ratio of number of R&D 11.00% 8.84% 2.16%
Educational background
Undergraduate 65 58 12.07%
Master 29 26 11.54%
Age composition
Under 30 44 36 22.22%
30~40493925.64%
Investment of R&D
2022 2021 Change ratio(+-)
R&D investment (RMB) 58336915.06 84730659.76 -31.15%
Ratio of R&D investment in
0.70%0.84%-0.14%
operation revenue
Capitalization of R&D
0.000.000.00%
investment (RMB)
Ratio of capitalization of
R&D investment in R&D 0.00% 0.00% 0.00%
investment
Describe reasons for significant changes in component of the R&D personnel and related impact
□Applicable □Not applicable
Describe reasons for significant changes in the proportion of total R&D investment accounting for operation income compared with
that of last year
□ Applicable □ Not applicable
Describe reason for the great change in R&D investment capitalization rate and relevant rationality.
25深圳市深粮控股股份有限公司2022年年度报告全文
□ Applicable □ Not applicable
5. Cash flow
Unit: RMB/CNY
Increase/decrease y-o-y
Item 2022 2021
(+-)
Subtotal of cash inflow from
8994941611.0311397219997.66-21.08%
operation activity
Subtotal of cash outflow from
8463052844.3910956823968.12-22.76%
operation activity
Net cash flow arising from
531888766.64440396029.5420.78%
operating activities
Subtotal of cash inflow from
1289883392.34517815659.81149.10%
investment activity
Subtotal of cash outflow from
1304661803.051061777870.5922.88%
investment activity
Net cash flow from investment
-14778410.71-543962210.78-97.28%
activity
Subtotal of cash inflow from
3643844014.553191992562.3414.16%
financing activity
Subtotal of cash outflow from
4157396506.103229400452.4028.74%
financing activity
Net cash flow arising from
-513552491.55-37407890.061272.85%
financing activity
Net increased amount of cash and
3725389.06-141124145.74-102.64%
cash equivalent
Describe reasons for major y-o-y changes of relevant data
□ Applicable □ Not applicable
(1) The cash inflow from operating activities in this period decreased by 21.08% compared to the same period last year mainly
because the company’s grain and oil trade revenue decreased resulting in a decrease in cash inflow as the market demand reduced
due to high fluctuations in grain and oil prices and other factors;
(2) The cash outflow from operating activities in this period decreased by 22.76% compared to the same period last year mainly
because the company’s grain and oil trade revenue decreased and related procurement expenses decreased resulting in a decrease in
cash outflow as the market demand reduced due to high fluctuations in grain and oil prices and other factors;
due to the comprehensive impact of factors such as high fluctuations in grain and oil prices leading to a decrease in market demand. ;
(3) The cash inflow from investment activities in this period increased by 149.10% compared to the same period last year mainly
because there were more financial products purchased by the company with idle funds redeemed upon maturity compared to the
same period last year;
(4) The cash outflow from investment activities in this period increased by 22.88% compared to the same period last year mainly
26深圳市深粮控股股份有限公司2022年年度报告全文
because the company used idle funds to purchase financial products;
Describe reasons for major difference between the cash flow of operation activity in reporting period and net profit of the Company
□ Applicable □ Not applicable
V. Analysis of non-main business
□ Applicable □ Not applicable
Unit: RMB/CNY
Amount Ratio in total profit Description of formation Whether be sustainable
Mainly financial management
income and recognition of
Investment income 2229228.54 0.47% Unsustainable
investment income from
associated enterprises
Gains/losses of fair
18546.91 0.00% Unsustainable
value variation
Mainly due to provision for
Asset impairment -142507365.87 -30.26% Unsustainable
inventory depreciation
Mainly to confirm the income
Non-operating
7995011.97 1.70% from liquidated damages for Unsustainable
income
operating contracts
Non-operating
985871.48 0.21% Unsustainable
expense
VI. Analysis of assets and liabilities
1. Major changes of assets component
Unit: RMB/CNY
Year-end of 2022 Year-begin of 2022
Ratio in Ratio Ratio
Notes of major changes
Amount total Amount in total changes
assets assets
Monetary fund 54103771.00 0.73% 50409923.65 0.66% 0.07%
Account
236829100.953.18%283047341.623.69%-0.51%
receivable
Contract assets 0.00 0.00% 0.00 0.00% 0.00%
Inventory 3599041970.52 48.37% 3460618674.81 45.12% 3.25%
Investment real
217137461.762.92%233096698.493.04%-0.12%
estate
Long-term 70676534.63 0.95% 73490443.49 0.96% -0.01%
27深圳市深粮控股股份有限公司2022年年度报告全文
equity
investment
Fix assets 2141336538.86 28.78% 2127831149.19 27.74% 1.04%
Construction in
186884912.132.51%207946539.972.71%-0.20%
progress
Right-of-use
78304838.281.05%97648674.061.27%-0.22%
assets
Mainly due to increase in
Short-term
1192211087.37 16.02% 504766782.25 6.58% 9.44% operating loans during the
loans
current period.Contract
110177908.961.48%182972314.852.39%-0.91%
liability
Mainly due to the company’s
Long-term
0.00 0.00% 730521692.22 9.52% -9.52% repayment of long-term
loans
loans at the end of the period.Lease liability 60436879.66 0.81% 80173743.75 1.05% -0.24%
Foreign assets account for a relatively high proportion
□ Applicable □ Not applicable
2. Assets and liabilities measured by fair value
□ Applicable □ Not applicable
Unit: RMB/CNY
Accum
ulative Devalua
Changes of Amou
change tion of
Amount at the fair value Amount of nt of Other
s of fair withdra Amount in the end
Item beginning gains/losses purchase in the sale in chang
value wing in of period
period in this period the es
reckon the
period period
ed into period
equity
Financial
assets
1.Tradable
financial
assets 16469
(excluding 211060770.50 307033.09 1150. 46676652.91
derivative 68
financial
assets)
Subtotal of 211060770.50 307033.09 16469 46676652.91
28深圳市深粮控股股份有限公司2022年年度报告全文
financial 1150.
68
assets
Other
non-current
57500.0057500.00
financial
assets
Aforementi 16469
211118270.50307033.090.000.000.001150.0.0046734152.91
oned total
68
Financial
0.00288486.18288486.18
liabilities
Other change
N/A
Are there major changes on measurement attributes for main assets of the Company in reporting period?
□ Yes □No
3. The assets rights restricted till end of the period
Item Book value at
Reasons for restriction
period-end
Monetary fund Guarantee deposit credit deposit etc.
1008301.74
Total
1008301.74
VII. Investment analysis
1. Overall situation
□ Applicable □ Not applicable
Investment in the same period of last
Investment in reporting period (RMB) Changes (+-)
year (RMB)
78284825.00540741002.73-86.00%
2.The major equity investment obtained in the reporting period
□ Applicable □ Not applicable
3.The major non-equity investment performed in the reporting period
□ Applicable □ Not applicable
29深圳市深粮控股股份有限公司2022年年度报告全文
4. Financial assets investment
(1) Securities investment
□ Applicable □ Not applicable
Unit: RMB/CNY
Chan
ges in Profit
Book Cumu
Acco fair Curre and Book
Short value lative Curre
Variet Code Initial unting value nt loss value Acco Capita
form at the fair nt
y of of invest measu of the purch in the at the unting l
of begin value sales
securi securi ment remen curren ase Repor end of subjec Sourc
securit ning chang amou
ties ties cost t t amou ting the t e
ies of the es in nt
model profit nt Perio period
period equity
and d
loss
Dome
Fair Trada
stic Debt
value
and 00001 Zhong 1228
ble
9210 3070 3070 resche
0.00 measu 0.00 0.00 0.00 132.3 financ
overs 7 hua-A 99.27 33.09 33.09 duled
remen 6 ial
eas shares
ts assets
stock
1228
921030703070
Total 0.00 -- 0.00 0.00 0.00 132.3 -- --
99.2733.0933.09
6
(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.VIII. 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.
30深圳市深粮控股股份有限公司2022年年度报告全文
2. Sales of major equity
□ Applicable □ Not applicable
IX. Analysis of main holding company and stock-jointly companies
□ Applicable□Not applicable
Particular about main subsidiaries and stock-jointly companies net profit over 10%
Unit: RMB/CNY
Company Main Register Total Operating Operating
Type Net assets Net profit
name business capital assets revenue profit
Grain &
Shenzhen oil trading
7583202410519078624493459680130012820
Cereals processing 1530000
Subsidiary 822.83 987.33 432.51 0.05 4.88
Group Co. grain and 000
Ltd oil reserve
service
Shenzhen
Hualian
Grain & 10000000 1351456 27599236 1835298 12809493 10740797
Grain and Subsidiary
oil trading 0 191.58 9.89 577.12 8.83 9.45
Oil Trading
Co. Ltd.Grain &
Shenzhen
oil trading 93418881 14312306 1910558 76227544 61325794
Flour Co. Subsidiary 30000000
and 1.16 7.28 487.99 .95 .55
Ltd
processing
Grain &
Dongguan oil trading
Shenliang processing 29800000 2621909 37443656 2177945 59517361 44856441
Subsidiary
Logistics warehouse 0.00 269.72 6.56 414.70 .09 .02
Co. Ltd. and
logistics
Particular about subsidiaries obtained or disposed in reporting period
□ Applicable □ Not applicable
The way of getting and treating Influence on overall product and
Company name
subsidiary in the reporting performance
Transferred to the designated No substantial operation with
administrator of the court due to minimal impact on overall
Hangzhou Ju Fang Yong Trading Co. Ltd.bankruptcy liquidation production operation and
performance
31深圳市深粮控股股份有限公司2022年年度报告全文
Explanation on main holding/stock-jointly enterprise:
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 freight professional transport (refrigerated preservation). Register capital is 1530000000.00 yuan. As of
the end of current period total assets reached 7583202822.83 yuan and net assets amounted to
4105190987.33 yuan and shareholders’ equity attributable to parent company was 3883239775.98 yuan; in
the reporting period the operation revenue net profit and net profit attributable to shareholder of parent company
were 7862449432.51 yuan 300128204.88 yuan and 278213700.94 yuan respectively.Shenzhen Hualian Grain and Oil Trading Co. Ltd.: Business scope: general business items: domestic trade
(except for projects that laws administrative regulations and decisions of the State Council require approval
before registration); engaging in import and export business (except for projects prohibited by laws
administrative regulations and decision of the State Council restricted projects can be operated only after
obtaining permission); online feed sales; information consultation self-owned housing leasing (excluding talent
agency services and other restricted items); international freight forwarding domestic freight forwarding (can
only be operated after being approved by the transport department if laws administrative regulations State
Council decision require the approval of transport department); Licensed business items: following items shall be
operated only with the relevant examination and approval documents if they are involved in obtaining approval:
purchase and sale of grain and oil online sales of grain and oil; information service business (internet information
service business only). Register capital is 100000000.00 yuan. As of the end of current period total assets
reached 1351456191.58 yuan and net assets amounted to 275992369.89 yuan and shareholders’ equity
attributable to parent company was 248258239.74 yuan; in the reporting period the operation revenue net profit
and net profit attributable to shareholder of parent company were 1835298577.12 yuan 107407979.45 yuan
and 107370535.97 yuan respectively.Shenzhen Flour Co. Ltd: Business scope: general business items: hardware and electrical equipment chemical
products (excluding hazardous chemicals and restricted items) auto parts purchase and sales of construction
materials; self-operated import and export business (carry out according to the provisions of the registration
certificate SMGDZZ No. 76); domestic trade (excluding franchise exclusive control monopoly commodities);
wheat wholesale and retail. Licensed business items: following items shall be operated only with the relevant
examination and approval documents if they are involved in obtaining approval: flour processing and production.Register capital is 30000000.00 yuan.As of the end of current period total assets reached 934188811.16 yuan
32深圳市深粮控股股份有限公司2022年年度报告全文
and net assets amounted to 143123067.28 yuan and shareholders’ equity attributable to parent company was
143123067.28 yuan; in the reporting period the operation revenue net profit and net profit attributable to
shareholder of parent company were 1910558487.99 yuan 61325794.55 yuan and 61325794.55 yuan
respectively.Dongguan Shenliang Logistics Co. Ltd. Business scope: General business items: Container and bulk cargo
storage and other supporting services; Container and bulk cargo transportation; Production: food (grain and oil)
feed and feed additives; Grain procurement; Wholesale and retail: prepackaged food (grain and oil) bulk food
(grain and oil) feed and feed additives; Port operations loading and unloading of steel and general cargo at ports;
Road freight transportation; Water transportation water transportation services; Grain and oil storage; Internet
Information Services; Technical services for grain oil and feed quality inspection; hotel management; Industrial
investment; Market operation management; Supply chain management services; International freight forwarding
domestic freight forwarding; Customs declaration agency and inspection agency; Property management and
leasing; Import and export of goods and technology. Projects that require approval according to law can only be
operated with the approval of relevant departments. Its registered capital is 2980000.00 yuan. As of the end of
the reporting period the total assets reached 2621909269.72 yuan the net assets amounted to 374436566.56
yuan and the equity attributable to the shareholders of the parent company was 374436566.56 yuan; During the
reporting period the operating income the net profit and the net profit attributable to the parent company were
2177945414.70 yuan 44856441.02 yuan 44856441.02 yuan respectively.
X. Structured vehicle controlled by the Company
□ Applicable □ Not applicable
XI. Prospects on future development
(i) Development trend and competition layout of the industry
(i) Development trend and competition layout of the industry
At present the domestic grain and oil trade processing and logistics industries are full-circulation sectors with
high degree of marketization numerous participating companies and fierce competition. Central enterprises and
large local grain enterprises have relatively complete warehousing and logistics facilities and enjoy a number of
national policies; in recent years a large number of outstanding national and regional private grain enterprises
have come to the fore; with the development of China’s grain marketization foreign grain enterprises have
emerged in our country’s grain market and further intensified the competition in the grain and oil industry by
relying on abundant resources strong financial strength and mature management experience. The grain industry in
Shenzhen is developing vigorously there are many grain and oil processing enterprises with a certain scale and
many small and medium-sized enterprises in the area with the advancement of the “dual-zone construction” the
population of cities in the Pearl River Delta has increased and people’s living standards have improved the
competition in the food market is orderly and unprecedentedly fierce.
33深圳市深粮控股股份有限公司2022年年度报告全文
(ii) The company’s development strategy
During the 14th Five-Year Plan the Company will focus on the main business of grain oil and food conform to
the country’s new development requirements for the grain industry i.e. “agriculture head and industry tail” “grainhead and food tail” “three chains integration” etc. seize the major historical opportunities of current significant
historical opportunities such as the construction of the Guangdong - Hong Kong - Macao Greater Bay Area andthe construction of the Shenzhen Pilot Demonstration Area and innovate the development strategy of “one chaintwo parks and N platforms” to build a regional leading “grain eastern and southern coastal logistic corridor” with
“high-quality grain source base + regional comprehensive park + urban distribution center” and create a national
first-class “smart grain oil and food supply chain quality service providers”.(iii) Operation plan for year of 2023In 2023 SZCH will continue to adhere to the general principle for industrial development of “agriculture head andindustry tail” “grain head and food tail” “three chains integration” firmly grasp the initiative of food security
and make progress while maintaining stability adhere to high-quality development and strive to achieve business
goals. Focus on the following tasks:
1．Adhere to the guidance of Party construction and strengthen political supervision. The company will continue
to study and implement the spirits of the 20th CPC National Congress effectively transform them into a powerful
force guiding practice and promoting company development innovate ideas and measures improve the system
and mechanism and promote the high-quality development of various company works.
2．Improve economic performance and stimulate growth against trend. The company will overcome the adverse
effects of complex and changeable internal and external environments ensure stable and smooth supply chains
and mitigate the impact of weak demand on sales by strengthening bulk trade optimizing the market of chain
catering and industrial rice expanding e-commerce and preferential group buying. Combined with the
development goal of industrial chain extension continue to search for and study emerging industries in strong
synergy with the company.
3．Optimize variety structure and shoulder the heavy task of food security. The company will further optimize
the variety structure and regional distribution of grain and oil and expand the guarantee and supply channels of
high-quality finished grain in Shenzhen; actively promote the renovation and expansion project of municipal
warehouses cooperate with the construction of Shenzhen-Shantou grain reserve depot project and improve the
efficiency and distribution capacity of emergency grain logistics; continue to enhance hard power and give full
play to the role of "stabilizer" in the economic development of the Special Economic Zone.
4．High-quality grain project stable promotion in the whole chain of steady progress. The company will steadily
implement the strategic path of "one chain and two parks" focus on "extending industrial chain and building
supply chain" for resource allocation promote high-quality development of the whole chain of production
purchase storage processing and marketing of high-quality grain carry out high-quality grain projects and focus
on the construction of Northeast Grain Source Base Dongguan grain logistics nodes Pinghu Warehouse
34深圳市深粮控股股份有限公司2022年年度报告全文
renovation and expansion projects.
5．Activate internal driving forces and deepen reform. The company will further improve the company system
promote the corporate governance structure optimization promote the standardized operation; continue to carry
out comprehensive reform works consolidate the achievements of the three-year action of state-owned enterprises
coordinate short-term and medium and long-term development and strengthen the systematization integration
and synergy of enterprise reform.
6．Strengthen risk prevention and strictly observe compliance bottom line. The company will make efforts to deal
with the relationship between increased storage and shortage of storage capacity fund balance market supply and
demand and price fluctuation strengthen internal control management and external supervision establish a fund
control and management system that serves company fund security strengthens internal mutual supervision
restraint and inspection and optimize the asset-liability structure.(iv) Possible risks
1. Food safety risk
On the one hand our country is paying more and more attention to food safety and strengthening the supervision.On the other hand consumers’ awareness of food safety and rights protection is also increasing. Food safety has
become the industry’s number one risk consumers' attention to food safety and cleanliness is rapidly increasing in
the short term and put forward higher requirements for food hygiene and safety.The company has always regarded food quality and safety as the most important core work. The first is to strictly
implement laws and regulations related to national food safety and assume the social responsibility of supplying
high-quality and safe food to the market. The second is to strengthen the quality of raw materials and strengthen
quality control from the source. The third is to strengthen production management standardize production
operations and implement quality responsibilities. The fourth is to strengthen staff's operating skills and safety
awareness training to prevent product quality accidents caused by non-standard operations or weak food safety
awareness. The fifth is to continuously improve product quality assurance level through technological
transformation and technological progress. The sixth is to strengthen product transportation and storage
management to prevent secondary pollution of products.
2. Raw material fluctuation risk
On the one hand with the implementation of the quantitative easing policy of the US dollar and major currencies
in the world the speculative nature and hedging preferences of capital will cause social funds to flow into the bulk
commodity sector which will lead to violent fluctuations in domestic and foreign bulk commodity prices. On the
other hand most countries’ controls on the export of agricultural products will have a major impact on prices; at
the same time it will also have a direct impact on the supply of bulk agricultural and sideline products.The company will actively respond to the risk of adverse effects of price fluctuations on the company’s operations
through measures such as strengthening market forecasts establishing strategic cooperation optimizing supply
management and using refined management to improve utilization.
35深圳市深粮控股股份有限公司2022年年度报告全文
3. Risk of intensified market competition
As a representative enterprise of regional grain oil and food business compared with central enterprises and large
multinational grain oil and food enterprises the company still has a certain gap in scale and brand awareness. In
the future the competition in the grain oil and food industry will become more intense if the company cannot
effectively promote its own brand and broaden its marketing channels it may face greater risks when market
competition intensifies.In response to possible market and business risks on the one hand the company makes overall plans for annual
procurement carefully optimizes procurement channels and ensures sufficient grain supply and orderly supply.On the other hand the company continues to strengthen communication with upstream and downstream
customers in the industry chain vigorously expands sales channels focuses on customer needs deepens brand and
service and enhances the company's brand value and competitiveness.
4. M&A integration risks
The company carries out investment and M&A projects in accordance with its development strategy. Whether the
M&A project can form synergy with the original business and whether the integration of corporate culture and
management methods is in place during the critical period of integration of mergers and acquisitions are the key to
the realization of the company’s strategic goals. Inadequate management and control can easily lead to merger and
acquisition risks.The company will take the following measures to prevent risks: the first is to pay attention to the operation of the
merged company and the integrating degree with the company’s development strategy and correct deviations in a
timely manner; the second is to pay attention to the synergy between the merged company and the company’s
existing industry and coordinate the deployment of resources in a timely manner; the third is to gradually realize
the integration of systems and cultures; the fourth is to increase performance improvement and innovation
incentives and assessments for mergers and acquisitions and continuously adjust incentive policies that are
compatible with operations.XII. Reception of research communication and interview during the reporting period
□ Applicable □ Not applicable
Main content
Reception
Reception Reception Reception talked about Index of basic situation of
Reception place object
time mode Object and materials research
type
provided
For details please refer tothe “InvestorShenzhen Stock Exchange’s
2021 annual
May 13 “Interactive Easy Platform” Written All Communication Record
Others performance
2022 http://irm.cninfo.com.cn inquiry investors Form of the Company's
briefing
Cloud Interview Program
2021 Annual PerformanceExplanation Meeting”
36深圳市深粮控股股份有限公司2022年年度报告全文
disclosed on Juchao
Website (www.cninfo.com. cn) on May 13 2022
37深圳市深粮控股股份有限公司2022年年度报告全文
Section IV Corporate Governance
I. Corporate governance of the Company
During the reporting period the Company constantly improved the corporate governance structure improved the
quality of corporate governance and established a sound internal control system strictly in accordance with
corporate governance requirements of normative documents released by the Company Law Securities Law
Corporate Governance Guidelines and Standard Operational Guidelines to Main Board Listed Companies of
Shenzhen Stock Exchange. The Company continued to carry out the governance activities improved the standard
operation level and safeguarded the legitimate interests of the Company and investors.Accountability among Shareholders’ General Meeting the Board of Directors and the board of supervisors were
clear. We strictly implemented the rules from the Articles of Association during the reporting period as well as
work regulations and other basic management system to ensure the effective implementation of the internal
control system.The Company received no relevant documents with administrative regulation concerned from regulatory
authorities in reporting period and has no particular about rectification within a time limit. From point of the
Board corporate governance of the Company shows no difference to requirement from relevant documents with
actual condition.Is there any difference between the actual condition of corporate governance and relevant regulations about corporate governance for
listed Company from CSRC?
□ Yes □ No
There are no differences between the actual condition of corporate governance and relevant regulations about corporate governance
for listed Company from CSRC.II. Independence of the Company relative to controlling shareholder and the actual controller
in ensuring the Company’s assets personnel finance organization and businesses
By the end of the reporting period Food Materials Group is the actual controller of the Company. The Company
in strict accordance with the governance rules of listed companies and other relevant provisions completely
separates from the controlling shareholders in business finance personnel assets organizations and has
independent full business and self management ability.
1. Independent Business:
The business of the Company is independent from controlling shareholders and has complete business and self
management ability and is not dependent on the shareholders and their affiliated enterprises which has no
competition with controlling shareholder and its subordinate enterprises. The controlling shareholder has no direct
38深圳市深粮控股股份有限公司2022年年度报告全文
or indirect intervention in the Company business activities.
2. Independent Staff:
The Company has special organization to manage labor and payment and has independent perfect personnel
system and collective management system. General Manager of the Company as well as deputy GM secretary of
the Board CFO and other senior executives receive remuneration from the Company and don’t receive
remuneration from shareholders’ unit and subordinate enterprises and holding the post except director or
supervisor.
3. Independent Assets:
The Company has independent and integrity asset structure; There is no situation where funds or assets of the
company are occupied by controlling shareholders for non operational purposes.
4. Independent Organization:
The Company has set up a sound organizational structure system and operates independently; there is no mixed
operation between the Company and controlling shareholders.
5. Financial Independence:
The Company with independent financial department has set up independent accounting system and financial
management system and makes financial decision independently. With independent bank accounts and tax
payment the Company strictly follows the financial system and has independent operation and standardized
management.III. Horizontal Competition
□ Applicable □ Not applicable
IV. Annual shareholders’ general meeting and extraordinary shareholders’ general meeting
held during the reporting period
1. Annual General Meeting in the reporting period
Ratio of
Ordinal number of investor
Type Date Date of disclosure Resolutions
meeting participati
on
Resolutions of the Annual
General Meeting of 2021
Annual General
AGM 72.09% 2022-05-18 2021-05-19 (Notice No. 2022-15 )
Meeting of 2021
disclosed on Juchao
Website(www.cninfo.com.c
39深圳市深粮控股股份有限公司2022年年度报告全文
n) on May 19 2021
2. Request for extraordinary general meeting by preferred stockholders whose voting rights are restored
□ Applicable □ Not applicable
V. Directors supervisors and senior executives
1. Basic information
Numb Numbe
Reaso
er of r of
Shares Other Shares ns for
Start shares shares
Worki End date held at chang held at increa
Gend Ag dated of increas decreas
Name Title ng of office period-be es period-e se or
er e office ed in ed in
status term gin (share nd decrea
term this this
(share) ) (share) se of
period period
shares
(share) (share)
Deputy
Party
Hu Curren
Secretary 2019-02 2022-02
Xiangh tly in Male 58 0 0 0 0 0 -
-21-21
ai office
Director
GM
Curren
Lu Director Fema 2021-08 2022-02
tly in 45 0 0 0 0 -
Yuhe CFO le -02 -21
office
Curren
Fema 2018-05 2022-02
Ni Yue Director tly in 48 0 0 0 0 0 -
le -15 -21
office
Independ Curren
Zhao 2019-02 2022-02
ent tly in Male 66 0 0 0 0 0 -
Rubing -21 -21
director office
Independ Curren
Bi Fema 2019-02 2022-02
ent tly in 66 0 0 0 0 0 -
Weimin le -21 -21
director office
Independ Curren
Liu 2019-02 2022-02
ent tly in Male 51 0 0 0 0 0 -
Haifeng -21 -21
director office
Secretary
of Curren
Wang Fema 2018-05 2022-02
Disciplin tly in 55 0 0 0 0 0 -
Huimin le -15 -21
e office
Committ
40深圳市深粮控股股份有限公司2022年年度报告全文
ee
Chairma
n of the
board of
supervis
ors
Curren
Supervis 2019-02 2022-02
Liu Ji tly in Male 47 0 0 0 0 0 -
or -21 -21
office
Qian Curren
Supervis Fema 2019-02 2022-02
Wenyin tly in 50 0 0 0 0 0 -
or le -21 -21
g office
Zheng Staff Curren
2019-022022-02
Shengq supervis tly in Male 55 0 0 0 0 0 -
-21-21
iao or office
Ma Staff Curren
2019-022022-02
Zengha supervis tly in Male 58 0 0 0 0 0 -
-21-21
i or office
Deputy
Chen GM Curren
2020-082022-02
Xiaohu Secretary tly in Male 56 0 0 0 0 0 -
-24-21
a of the office
Board
Curren
Xiao Deputy 2020-02 2022-02
tly in Male 44 0 0 0 0 0 -
Hui GM -28 -21
office
Curren
Deputy 2019-02 2022-02
Dai Bin tly in Male 58 0 0 0 0 0 -
GM -21 -21
office
Meng Curren
Deputy 2019-09 2022-02
Xiaoxia tly in Male 50 0 0 0 0 0 -
GM -11 -21
n office
Secretary
of the
Zhu
Party
Junmin Office 2019-09 2022-02
Committ Male 58 0 0 0 0 0 -
g leaving -11 -21
ee and
Chairma
n
Deputy
Lu Party
Office 2019-02 2022-02
Qiguan Secretary Male 60 0 0 0 0 0 -
leaving -21 -21
g
Director
41深圳市深粮控股股份有限公司2022年年度报告全文
Wang Office 2018-05 2022-02
Director Male 61 0 0 0 0 0
Li leaving -15 -21
Total -- -- -- -- -- -- 0 0 0 0 0 --
During the reporting period is there any departure of directors and supervisors and dismissal of senior executives
□ Yes □ No
1. On January 12 2022 the Board of Directors received a written resignation report submitted by Director of the Company Mr. Wang
Li. Since he has reached the statutory retirement age Mr. Wang Li applied to resign from Director of the Company and would no
longer hold any other position in the company after resignation.
2. On June 5 2022 Chairman of the Company Mr. Zhu Junming passed away due to illness.
3. On September 19 2022 the Board of Directors received a written resignation report submitted by Director of the Company Mr. Lu
Qiguang. Since he has reached the statutory retirement age Mr. Lu Qiguang applied to resign from Director of the Company and
would no longer hold any other position in the company after resignation.Changes of directors supervisors and senior officers
□ Applicable □ Not applicable
Name Title Type Date Reason
Wang Li Director Office leaving 2022-01-12 Retire
Pass way due
Zhu Junming Chairman of the BOD Office leaving 2022-06-05
to illness
Lu Qiguang Director Office leaving 2022-09-19 Retire
2. Post-holding
Professional background major working experience and present main responsibilities in Company of directors
supervisors and senior executive
(i) Director
Mr. Hu Xianghai: born in 1964 master’s degree and a senior economist. He successively served as the lecturer of
Shenzhen Institute of Education; director of general office of Asia Branch of the Shenzhen Huale Industrial Co.Ltd.; director of the Shenzhen Enterprise Management Cadre Training Center; deputy secretary general and office
director of the Secretarial Shenzhen Association of Enterprise Management and Shenzhen Association of Chinese
and Foreign Entrepreneurs; director of development dept. and director of the marketing management dept. of
Shenzhen Special Economic Zone Duty-Free Commodity Enterprise Company; GM of Temian Electronic
Technology Professional Market Management Co. Ltd.; assistant to the GM and GM of enterprise dept. GM
deputy secretary of the party committee director and GM of Shenzhen Agricultural Products Co. Ltd; served as
the president of Shenzhen South Agricultural Products Logistics Co. Ltd. while take post as assistant to the
deputy GM and the president of Shenzhen Qianhai Agricultural Products Exchange Co. Ltd; deputy secretary of
the party committee director and GM of Shenzhen Cereals Group Co. Ltd. Now he serves as deputy secretary of
the party committee director and GM of the Company.
42深圳市深粮控股股份有限公司2022年年度报告全文
Ms. Lu Yehe: born in 1977 master’s degree and CPA. She previously worked as the senior auditor of Ernst &
Young; the independent non-executive director Director and CFO of China Trends Holdings Limited; CFO of
VIEIN; Director and CFO of the Shenzhen Exhibition & Convention Center Management Co. Ltd. the Director
and CFO of Shenzhen Tong Chan Group and CFO of Shenzhen Yinhu Convention Center (Hotel) Co. Ltd. Now
she is the Director and CFO of the Company.Ms. Ni Yue: born in 1974 master’s degree and a senior accountant. She successively served as general ledger
accountant in Shanghai Jingan Commercial & Trade Corporation; chief accounting in Shanghai Tailong Real
Estate Co. Ltd.; finance officer in Shanghai Baodi Property Co. Ltd; chief accountant in Shanghai Ruian Real
Estate Co. Ltd and full-time supervisor in the enterprise directly under SASAC of Shanghai Pudong New District;
Director of Shenzhen Cereals Group Co. Ltd and Shenzhen Bus Group Co. Ltd. Now she serves as Director of
the Company Director of Shenzhen Food Materials Group Co. Ltd and Shenzhen Special Zone Construction
Development Group Co. Ltd.Mr. Zhao Rubin: born in 1956 master’s degree and professor of engineering. He successively served as the
director and secretary of Gezhouba Station for EHVDC transmission from Gezhouba to Shanghai; director of
office and director of foreign affairs office of Gezhouba Hydro-power Plant; the secretary of party group and GM
of Huaneng South Development Company; party secretary and GM of Huaneng Real Estate Development
Company; Director deputy president deputy party secretary of Great Wall Securities; president of Jingshun Great
Wall Fund Management Co. Ltd.; deputy president of Sunshine Insurance Assets Management Corporation
Limited; the outside director of Shenzhen Cereals Group Co. Ltd; independent director of Bros Eastern Co. Ltd.Now he serves as independent director of the Company; independent director of Southwest Securities Co. Ltd and
Director of Bosera Fund Management Co. Ltd.Ms. Bi Weimin: born in 1956 doctor’s degree and a senior accountant. She successively served as engineer of the
Gezhouba Power Plant assistant director and deputy director; deputy president and director of Three Gorges
Finance Company; chief economist and supervisor of China Yangtze Power Co. Ltd.; deputy chief accountant of
China Three Gorges Corporation the member of investment committee and director of asset finance dept. As well
as the director of enterprise management dept and legal affairs department. Now she serves as the independent
director of the Company.Mr. Liu Haifeng: born in 1971 doctor’ degree and a lawyer. He successively served as director of legal
department of Shenzhen Property Development (Group); the partner of Guangdong Xintong Laws Firm. Now he
serves as independent director of the Company and first-level partner of Guangdong Hancheng Laws Firm.(ii) Supervisor
43深圳市深粮控股股份有限公司2022年年度报告全文
Ms. Wang Huimin: born in 1967 master’s degree and an intermediate economist senior HR manager and has a
lawyer’s qualification. She successively served as a legal adviser for Shenzhen Construction Group Co. Ltd an
economist chairman of the committee of female employees manager of HR department in Shenzhen
Construction Investment Holding Co. Ltd; director of HR department of Shenzhen Investment Holdings Co. Ltd;
Deputy GM of SZPRD; Director Deputy party secretary Secretary of Discipline Committee and Chairman of the
board of supervisors of Shenzhen Cereals Group Co. Ltd. Now she serves as Secretary of Discipline Committee
and Chairman of the board of supervisors of the Company.Mr. Liu Ji: born in 1975 master’s degree and an economist. He successively served as secretary of executive
Board committee GM of IT Engineering departmnet GM of administrative department GM of enterprise
management department and GM of investment department of Shenzhen International Holdings Limited; non
executive director of Shenzhen Expressway Co. ltd.; the supervisor of Shenzhen Cereals Group Co. Ltd. Now he
is the supervisor of the Company; the executive director deputy GM and secretary of the Board of Shenzhen
Holdings Bay Area Development Co. Ltd.; the mediation expert of Shenzhen International Arbitration Court
(Shenzhen Arbitration Commission).Ms. Qian Wenying: born in 1972 holds a bachelor degree a member of Association of Chartered Certified
Accountants (ACCA) and a senior economist. She successively served as the office translator secretary and
researcher of project investment office in Shenzhen Tagen Group Co. Ltd.; the assistant manager and manager of
marketing department of Tagen Investment Development Co. Ltd. the director of office of the board and
representative of security affairs of Shenzhen Tagen Group Co. Ltd; supervisor of Shenzhen Cereals Group Co.Ltd. Now she serves as supervisor of the Company and director of policy research office of Shenzhen Metro.Mr. Zheng Shengqiao born in 1967 holds a bachelor degree and an intermediate accountant. He successively
served as member of the special representative office of the state audit administration in Guangzhou; deputy
manager of accounting department of Hong Kong Yuehai Enterprise (Group) Co. Ltd; deputy GM of CTS
Logistics; CFO of the AVSHD Technology Co. Ltd; the deputy director of finance department deputy director of
enterprise management department director of board office deputy secretary of discipline inspection commission
secretary of the BOS and director of discipline inspection and supervision office (office of BOS) of the Shenzhen
Cereals Group Co. Ltd. Now he serves as the staff supervisor deputy secretary of discipline inspection
commission and director of discipline inspection and supervision office (office of BOS) of the Company.Mr. Ma Zenghai: born in 1964 master’s degree and an intermediate economist lecturer. He successively served as
the general representative of Thailand project in Shenzhen Cereals Group Co. Ltd; president and GM of
Shenzhen Hualian Grain & Oil Trade Co. ltd.; GM and secretary of the Party branch of Grease branch of
Shenzhen Cereals Group Co. Ltd; head of the risk management department of Shenzhen Cereals Group Co. Ltd.Now he serves as staff supervisor and head of the risk management and internal audit department of the company.
44深圳市深粮控股股份有限公司2022年年度报告全文
(iii) Senior executives
Mr. Chen Xiaohua born in 1966 holds a master’s degree and is an economic manager. He served successively as
chief of the secretarial section deputy director and director of the office of the board of directors and secretary of
the board director and vice president of Shenzhen Agricultural Products Group Co. Ltd. concurrently served as
chairman of Guangxi Haijixing International Logistics Co. Ltd. chairman of Tianjin Haijixing Agricultural
Products Market Management Co. Ltd. and chairman of Tianjin Haijixing Agricultural Products Logistics Co.Ltd. He currently serves as deputy general manager and secretary of the board of the company.Mr. Xiao Hui born in 1978 holds a master’s degree and is a master of finance and a master of business
administration. He served as a staff member of the Personnel and Education Department and a staff member a
deputy chief staff member a chief staff member deputy director and director of the General Office of the People's
Bank of China; and the deputy head of the Nanshan District People’s Government. He currently serves as deputy
general manager of the company.Mr. Dai Bin: born in 1964 master’s degree and a senior engineer. He successively served as counselor of Radio
Engineering Department of Huazhong University of Technology and secretary of the Youth League Committee; an
engineer and purchasing manager of Shenzhen Huada Electronic Co. Ltd; GM of Shenzhen Shengye Venture
Electronics Co. Ltd; GM of Shenzhen Zhongnong E-commerce Co. Ltd; director of information director and
deputy GM of e-commerce center and executive director of Shenzhen Shenliang Doximi Business Co. Ltd. Now
he serves as the deputy GM of the Company.Mr. Meng Xiaoxian: born in 1972 master’s degree. He successively served as cadres of Shenzhen Youth League
School; member of the learning department of Shenzhen Municipal Committee of Communist Youth League
deputy director section of liaison department director section of liaison department director section of office
deputy director of organization and publicity department director of office director of community and rights
department; deputy director of Pingshan New Area Public Utilities Bureau and director of Planning and Land
Supervision Bureau of Shenzhen; deputy secretary of Pingshan Working Committee and director of Pingshan
Office Pingshan New District Shenzhen; secretary of Malian Working Committee and director of Malian Office
Pingshan New District Shenzhen; secretary of the working committee of Malian Sub-district Pingshan District
Shenzhen director and secretary of the working committee of Malian sub-district office of Communist Party of
CHina. Now he serves as deputy GM of the Company.Post-holding in shareholding entities
□ Applicable □ Not applicable
Weather receiving
Start dated of office End date of office
Name Name of shareholding entities Position remuneration
term term
from shareholding
45深圳市深粮控股股份有限公司2022年年度报告全文
entities(Y/N)
Shenzhen Agricultural Products
Wang Li Director 2018-09-17 2022-01-12 Y
Group Co. Ltd
Shenzhen Food Materials Group
Ni Yue Director 2021-11-04 N
Co. Ltd
Explanation
on
post-holdin
N/A
g in
shareholdin
g entities
Post-holding in other entities
□ Applicable □ Not applicable
Weather
receiving
Start dated of End date of office
Name Name of other entities Position remuneration
office term term
from other
entities
Shenzhen Special Zone
Ni Yue Construction Development Group Director 2021-11-04 N
Co. Ltd.Zhao Independent
Bosera Fund Management Co. Ltd. 2017-12-01 Y
Rubing director
Zhao Independent
Southwest Securities Co. Ltd 2017-03-01 Y
Rubing director
First-level
Liu Haifeng Guangdong Hancheng Laws Firm 2007-02-01 Y
partner
Executive
director Deputy
Shenzhen Holdings Bay Area
Liu Ji GM and 2018-04-01 Y
Development Co. Ltd
Secretary of the
Board
Director of
Qian
Shenzhen Metro Policy Research 2018-02-01 Y
Wenying
Office
Explanation
on
post-holding
in
shareholding
entities
46深圳市深粮控股股份有限公司2022年年度报告全文
Punishment of securities regulatory authorities in recent three years to the Company’s current and outgoing directors supervisors and
senior management during the reporting period
□ Applicable □ Not applicable
3. Remuneration for directors supervisors and senior executives
Decision-making procedures determination bases and actual payment of remunerations of directors supervisors
and senior executives
During the reporting period according to the Company Performance Management Measures the remuneration
and appraisal committee of the Company’s board of directors combined with the Company’s annual business
situation and individual performance appraisal result and determined the salary of senior executives. During the
reporting period the subsidiary standard of independent directors is subject to the resolution by the Fifth
Extraordinary General Meeting of 2019 and adjusted as 138000 yuan (tax inclusive) per year for one person.Remuneration for directors supervisors and senior executives in reporting period
Unit: 10 thousand Yuan
Whether
Total remuneration
Post-holding remuneration obtained
Name Title Sex Age obtained from the
status from related party of the
Company
Company
Hu Deputy Party Secretary Currently in
Male 58 136.04 N
Xianghai Director GM office
Currently in
Lu Yuhe Director CFO Female 45 50 Y
office
Currently in
Ni Yue Director Female 48 15 Y
office
Zhao Currently in
Independent director Male 66 13.8 N
Rubing office
Currently in
Bi Weimin Independent director Female 66 13.8 N
office
Currently in
Liu Haifeng Independent director Male 51 13.8 N
office
Secretary of Discipline
Wang Currently in
Committee Chairman of Female 55 50 Y
Huimin office
the board of supervisors
Currently in
Liu Ji Supervisor Male 47 0 N
office
Qian Currently in
Supervisor Female 50 0 N
Wenying office
47深圳市深粮控股股份有限公司2022年年度报告全文
Zheng Currently in
Staff supervisor Male 55 108.16 N
Shengqiao office
Currently in
Ma Zenghai Staff supervisor Male 58 101.53 N
office
Chen Deputy GM Secretary of Currently in
Male 56 126.18 N
Xiaohua the Board office
Currently in
Xiao Hui Deputy GM Male 44 121.33 N
office
Currently in
Dai Bin Deputy GM Male 58 125.79 N
office
Meng Currently in
Deputy GM Male 50 121.63 N
Xiaoxian office
Former secretary of the
Zhu
party committee and Male 58 Office-leaving 40.77
Junming
chairman of the BOD
Former deputy secretary
Lu Qiguang and of the party committee Male 60 Office-leaving 110.9
and director
Wang Li Former Director CFO Female 61 Office-leaving 0 Y
Total -- -- -- -- 1148.73 --
VI. Responsibility performance of directors during the reporting period
1. The board of directors during the reporting period
Meeting Date of meeting Disclosure date Meeting resolutionsThe “Resolution of the 20th meeting of 10thThe 20th meeting of 10th session of the BOD” (Notice No.: 2022-03)
2022-03-302022-04-01
session of the BOD released on Juchao Website
(www.cninfo.com.cn) on April 1 2022The “Resolution of the 21st meeting of 10thThe 21st meeting of 10th session of the BOD” (Notice No.: 2022-07)
2022-04-242022-04-26
session of the BOD released on Juchao Website
(www.cninfo.com.cn) on April 26 2022The “Resolution of the 22nd meeting of 10thThe 22nd meeting of 10th session of the BOD” (Notice No.: 2022-18)
2022-08-032022-08-04
session of the BOD released on Juchao Website
(www.cninfo.com.cn) on Aug. 4 2022
The 23rd meeting of 10th The Resolution of the 23rd meeting of 10th
2022-08-242022-08-26
session of the BOD session of the BOD
48深圳市深粮控股股份有限公司2022年年度报告全文
The 24th meeting of 10th The Resolution of the 24th meeting of 10th
2022-10-262022-10-28
session of the BOD session of the BODThe “Resolution of the 25th meeting of 10thThe 25th meeting of 10th session of the BOD” (Notice No.: 2022-25)
2022-12-082022-12-10
session of the BOD disclosed on Juchao Website
(www.cninfo.com.cn) on Dec. 10 2022
2. The attendance of directors to Board meetings and shareholders general meeting
The attendance of directors to Board Meeting and Shareholders General Meeting
Times of
Board Times of Absent the
Times of
meeting attending the Times of Meeting for
Times of Times of attend the
Director supposed to Board Meeting entrusted the second
Presence Absence general
attend in the by presence time in a row
meeting
reporting communication (Y/N)
period
Hu Xianghai 6 5 1 0 0 N 1
Lu Yuhe 6 6 0 0 0 N 1
Ni Yue 6 6 0 0 0 N 1
Zhao Rubing 6 4 2 0 0 N 0
Bi Weimin 6 0 6 0 0 N 1
Liu Haifeng 6 3 3 0 0 N 1
Zhu Junming 2 0 2 0 0 N 0
Lu Qiguang 4 4 0 0 0 N 1
Wang Li 0 0 0 0 0 N 0
Explanation of not attending the board meeting in person for two consecutive times
Nil
3. Objection for relevant events from directors
Directors come up with objection about Company’s relevant matters
□ Yes □ No
No directors come up with objection about Company’s relevant matters in the Period
4. Other explanation about responsibility performance of directors
The opinions from directors have been adopted
□ Yes □ No
Explanation on whether the director’s proposal about the Company has been or has not been adopted
49深圳市深粮控股股份有限公司2022年年度报告全文
During the reporting period independent directors of the Company were in strict accordance with provisions of
Articles of Association the Company Law Guidance to Establishment of Independent Director System in Listed
Companies and other relevant laws and regulations and actively attended board meetings shareholders’ meetings.The independent directors of the company issued independent professional opinions for important issues paid
sustained attention to company’s operation inspected and guided the operation and management work of the
company from time to time learned about internal control system implementation progress of the equity
investment project etc. continued to enhance consciousness of performing duties according to provisions of law
and expressed independent and impartial advice for investment outside related party transactions hiring auditors
and other matters occurred during the reporting period in time. Duties performance of independent directors has
improved the corporate governance structure and safeguarded the interests of the Company and its shareholders.From performance of duties of independent directors please refer to “2022 Annual Work Report of IndependentDirectors” disclosed in www.cninfo.com.cn.VII. Performance of Duties by Specialized Committees under the Board Meeting in the
Reporting Period
Specific
Number Important
Other circumstances
Committee of Date of comments and
Members Meeting content performance of the
name meetings meeting suggestions
of duties objection (if
held made
applicable)
Deliberated the
Internal Control
Evaluation Report of
2021; Work Report of
Propose to
the Internal Control
renew the
System of 2021; the
appointment
Financial Report of
of BDO China
2021 and Financial
Bi Shu Lun Pan
Report of Q1 for
Audit Weimin Certified
2022; the Summary
Committee of Zhao 3 2022-04-24 Public - N/A
Report on the Audit
the Board Rubing Accountant
Works of BDO China
Lu Yuhe LLP as the
Shu Lun Pan
company’s
Certified Public
audit agency
Accountant LLP for
for the year
the year 2021; and
2022
the Resolution on
Renewing the
Appointment of BDO
China Shu Lun Pan
50深圳市深粮控股股份有限公司2022年年度报告全文
Certified Public
Accountant LLP as
the Audit Agency of
Company in 2022
Deliberated the
2022-08-24 Financial Report of - - N/A
Semi-Annual of 2022
Deliberated the
2022-10-26 Financial Report of - - N/A
Q3 for 2022
Senior executive’s
debriefing
questioning and
Zhao
Remuneration review for year of
Rubing
and Appraisal 2021; deliberated the
Bi 1 2022-04-24 - - N/A
Committee of Proposal on
Weimin
the Board Remuneration of
Ni Yue
Directors and Senior
Executives for year
of 2021
Zhu
Junming
Hu Deliberated the
Strategy
Xianghai Management System
Committee of 1 2022-04-24 - - N/A
Zhao of Strategy Plan of
the Board
Rubing the Company
Liu
Haifeng
VIII. Works of the Board of Supervisors
Does the the board of supervisors discover any risks in the company during its supervisory activities during the reporting period?
□ Yes □ No
The board of supervisors has no objection about supervision events in reporting period
IX. Particulars of workforce
1. Number of Employees Professional composition Education background
Employee in-post of the parent Company at period-end
114
(people)
Employee in-post of main subsidiaries at period-end (people) 1122
51深圳市深粮控股股份有限公司2022年年度报告全文
The total number of current employees at period-end (people) 1236
The total number of current employees to receive pay (people) 1236
Retired employee’ s expenses born by the parent Company and
0
main subsidiaries (people)
Professional composition
Category of professional composition Numbers of professional composition (people)
Production personnel 426
Salesperson 110
Technicians 136
Financial personnel 104
Administrative personnel 460
Total 1236
Education background
Education Numbers (people)
Postgraduate 154
Undergraduate 489
3-years regular college graduate 260
Graduate of secondary special school 76
High school and below 257
Total 1236
2. Remuneration Policy
During the reporting period employee wages was paid monthly according to salary management provisions set by the Company and
the performance-related pay was issued based on the actual situation of benefit and individual performance assessment results at the
year-end remuneration and benefit are connected as a whole.
3. Training Plan
During the reporting period based on the original talent pyramid of “Youhe Plan” for management trainees “Daoxiang Plan” for
reserve talents and “Jinsui Plan” for key position talents the company further refined talent categories and implemented targeted
classified and hierarchical training management.The company combined the general needs of talent training with the individual needs of different job levels and position
characteristics developed targeted learning objectives according to the talent characteristics and matched with training courses and
empowerment programs. Through special talent training programs the company continued to improve the professional quality of
talents complete the talent cultivation and development mechanism provide talent guarantee for enhancing the core competitiveness
and sustainable development of the company and further strengthened the innovation-driven development and the implementation of
the strategy of strengthening enterprise with talents.
52深圳市深粮控股股份有限公司2022年年度报告全文
4. Labor outsourcing
□ Applicable □ Not applicable
X. Profit distribution plan and capitalizing of common reserves plan
Formulation Implementation and Adjustment of Profit Distribution Policy Especially Cash Dividend policy during the Reporting
Period
□ Applicable □ Not applicable
The profit distribution policy of the Company is specified in the Article of Association as:
(1) Profit distribution of the Company should pay attention to the reasonable investment return to investors and
the profit distribution policy should maintain continuity and stability;
(2) The Company may distribute dividends in the form of cash or a combination of cash and stocks and may pay
interim cash dividends;
(3) The following conditions shall be met at the same time when the Company intends to implement cash
dividends:
1. Earnings per share for the year is not less than 0.1 yuan;
2. The audit institution shall issue a standard unqualified audit report on the company’s annual financial report;
3. The company has no major investment plans or major cash expenditures (except for fund-raising projects).
Major investment plans or major cash expenditures refer to the cumulative expenditures that the company intends
to invest acquire assets or purchase equipment in the next twelve months reach or exceed 30% of the company’s
most recent audited total assets and exceed 50 million yuan;
(4) In principle the company’s annual profits distributed in cash should not be less than 10% of the attributable
profits realized in the year; and the company’s cumulative profits distributed in cash in the last 3 years should not
be less than 30% of the annual average attributable profits realized in the last 3 years. Under the premise of
ensuring the distribution of cash profits the company can additionally adopt the method of stock dividend
distribution for profit distribution; the company’s annual profit distribution amount shall not exceed the
company’s accumulated undistributed profits at the end of the year and shall not damage the company’s ability to
continue operations;
(5) The specific profit distribution plan shall be drawn up by the board of directors and submitted to the general
meeting of shareholders for deliberation. The company provides a variety of ways to accept the recommendations
and supervision of all shareholders independent directors and supervisors on the company’s dividends distribution.If the annual reporting period is profitable but the board of directors does not propose a cash dividend plan in
accordance with the Articles of Association it shall be disclosed in the periodic report the reasons for not
53深圳市深粮控股股份有限公司2022年年度报告全文
proposing a cash dividend plan in accordance with the Articles of Association and the purpose of funds not used
for dividends but retained by the company. The independent directors shall express independent opinions on this
purpose. In addition to on-site meetings the company shall also provide shareholders with an online voting
platform when convening a general meeting of shareholders;
(6) If the company has not distributed cash profits in the last 3 years it can not issue new shares to the public
issue convertible corporate bonds or allot shares to original shareholders;
(7) Where a shareholder illegally occupies the company’s funds the company shall deduct the cash dividends
distributed to the shareholder in order to repay the capital occupied;
(8) When the company adjusts its profit distribution policy it should take the protection of shareholders
especially small and medium shareholders’ rights and interests as the starting point for detailed argumentation
and the board of directors should submit it to the general meeting of shareholders for review and approval by a
special resolution while independent directors should express clear independent opinions;
(9) The company provides multiple channels (telephone fax e-mail interactive platform etc.) to accept all
shareholders’ suggestions and supervision on the company's dividends.The foreign exchange conversion rate of domestically-listed foreign share dividends is calculated based on the
central parity rate of Hong Kong dollar against RMB announced by the People’s Bank of China on the first
working day after the resolution date of the general meeting of shareholders.During the reporting period the company’s profit distribution complied with the company’s articles of association
and review procedures and fully protected the legitimate rights and interests of small and medium investors.Independent directors expressed their opinions and the profit distribution procedures were compliant and
transparent. During the reporting period the company’s profit distribution policy has not been adjusted or
changed.Special explanation on cash dividend policy
Satisfy regulations of General Meeting or requirement of
Y
Article of Association (Y/N):
Well-defined and clearly dividend standards and proportion
Y
(Y/N):
Completed relevant decision-making process and mechanism
Y
(Y/N):
Independent directors perform duties completely and play a
Y
proper role (Y/N):
Minority shareholders have opportunity to express opinions
and demands totally and their legal rights are fully protected Y
(Y/N):
Condition and procedures are compliance and transparent
Not applicable
while the cash bonus policy adjusted or changed (Y/N):
The Company gains profits in reporting period and the parent company has positive profit available for distribution to shareholders of
54深圳市深粮控股股份有限公司2022年年度报告全文
the parent company but no cash dividend distribution plan has been proposed
□ Applicable □ Not applicable
Profit distribution plan and capitalizing of common reserves plan for the Period
□ Applicable □ Not applicable
Bonus shares for every 10-share (Share) 0
Dividends for every 10-share (RMB) (tax
2.50
inclusive)
Equity base of distribution plan (Share) 1152535254
Cash bonus distribution (RMB) (tax inclusive) 288133813.50
Cash bonus distribution in other ways (i.e. share
0.00
buy-backs) (RMB)
Total cash bonus (including other ways) (RMB) 288133813.50
Profit available for distribution(RMB) 313453835.38
Ratio of total cash dividend (other ways
100%
included) in total profit distribution
Cash dividend
In case the Company is in a development stage and has the arrangement of major capital expenses the ratio of cash dividend in
profit distribution should reach a minimum of 20% in profit distribution.Detailed explanation on profit distribution or capital accumulation fund conversion plan
After audited by BDO China Shu Lun Pan Certified Public Accountant LLP in consolidate statement for year of 2022 the net
profit attributable to shareholders of parent company amounted to 420594871.27 yuan net profit of parent company was
340486742.50 yuan; As of Dec. 31 2022 the profit of parent company that can be distributed for shareholders was
313453835.38 yuan and the balance of consolidate capital reserves was 1259639656.65 yuan.
In accordance with relevant regulations and Article of Association combined with the actual development needs of the Company
and in consideration of the interests of shareholders BOD plans to submit the equity distribution plan for year of 2022 to
shareholders general meeting: based on total share capital 1152535254 shares of the Company on Dec. 31 2022 distribute 2.5
yuan (tax inclusive) for every 10-share to all shareholders with zero share bonus (tax inclusive) and no capital share converted
from capital reserve
XI. Implementation of the Company’s stock incentive plan employee stock ownership plan or
other employee incentives
□ Applicable □Not applicable
During the reporting period the Company has no stock incentive plan employee stock ownership plan or other employee incentives
that have not been implemented.
55深圳市深粮控股股份有限公司2022年年度报告全文
XII. Construction and implementation of internal control system during the reporting period
1. Construction and implementation of internal control
In accordance with the Company Law the Guidelines for Governance of Listed Companies the relevant
regulations of the China Securities Regulatory Commission and other relevant national laws and regulations the
company has established the general meeting of shareholders the board of directors the board of supervisors the
party committee and managers. The board of directors consists of strategy committee remuneration and appraisal
committee nominations committee and audit committee clarified the responsibilities and authorities of
decision-making execution and supervision and formed a scientific and effective division of responsibilities and
checks and balances mechanism providing a good internal environment for the establishment and operation of the
company’s internal control system.On the aspect of construction and implementation of the internal control system the board of directors is
responsible for the establishment improvement and effective implementation of the internal control system the
board of supervisors supervises the establishment and implementation of the internal control system of the board
of directors and the managers are responsible for organizing the daily operation of the company’s internal control
system and the company’s risk management and internal audit department is specifically responsible for
organizing and coordinating the establishment implementation evaluation and daily work of the internal control
system.The company has established management systems and procedures in line with internal control management
norms in the fields of organizational structure development strategy internal audit and supervision human
resources social responsibility corporate culture capital management procurement business sales business asset
management engineering project management research and development guarantee business investment
management contract management budget management financial reports and information communication
which have been effectively implemented in the daily business operation and management process.
2. Details of major defects in internal control identified during the reporting period
□Yes □No
XIII. Management and controls on subsidiaries during reporting period
Problems
Measures Progress Follow-up
Integration encountere
Name Integration plans taken to in solution
progress d in
resolve solution plan
integration
N/A N/A N/A N/A N/A N/A N/A
56深圳市深粮控股股份有限公司2022年年度报告全文
XIV. Internal control self-appraisal report or internal control audit report
1. Self-appraisal report of internal control
Disclosure date of full internal control
April 26 2023
evaluation reportDisclosure index of full internal control “Internal control self-appraisal report of SHENZHEN CEREALS HOLDINGS CO.evaluation report LTD. in 2022” published on Juchao Website (http: //www.cninfo.com.cn)
The ratio of the total assets of entities
included in the scope of evaluation
accounting for the total assets on the 100.00%
Company’s consolidated financial
statements
The ratio of the operating income of
entities included in the scope of
evaluation accounting for the operating 100.00%
income on the Company’s consolidated
financial statements
Defects Evaluation Standards
Category Financial Reports Non-financial Reports
1. Major defects: Defect alone or together 1. Qualitative criteria for major defects
with other defects in a timely manner are as follows:
cause unpreventable or undetectable and
(1) The lack of democratic
uncorrectable material misstatement in the
decision-making process such as the
financial statements.lack of decision-making on major
The Company may indicate the presence
issues an important appointment and
of significant deficiencies in internal
dismissal of cadres major investment
control over financial reporting if
decisions large sums of money using
following circumstances:
the decision-making process;
(1) The directors supervisors and senior
(2) Decision-making process is not
management fraud;
scientific such as major policy
Qualitative criteria (2) Enterprise corrects mistake which has
mistakes resulting in significant
been published in financial statements;
property damage to the Company;
(3) CPA finds material misstatement in
(3) Serious violations of national laws
current financial statements but internal
and regulations;
control during operation fails to find the
misstatements; (4) Loss of key executives or loss of a
(4) Oversight of internal control by large number of key talent;
corporate audit committee and the internal (5) Frequent negative news in media
audit is invalid; which causes nationwide impact.
(5) Particularly important or significant 2. The qualitative criteria for important
deficiencies found during internal control defects are as follows:
has not been rectified; (1) The decision-making process is not
57深圳市深粮控股股份有限公司2022年年度报告全文
(6) The lack of business-critical system or perfect;
invalid system. (2)The company’s internal
2. Important defect: defect alone or management system has not been
together with other defects in a timely effectively implemented resulting in
manner cause unpreventable or losses;
undetectable and uncorrectable material (3) Frequent occurrence of negative
misstatement in the financial statements news in the media with certain
although not reach and exceed the level of influence;
importance should lead to management
(4) The general defects in the internal
attention misstatements.control evaluation have not been
3. General Defects: other internal defects corrected.
do not pose a significant or important 3. General defects refer to other
defect control deficiency. internal control defects that do not
constitute major defects or important
defects.Major defects:
Major defects: the amount of direct
Potential misstatement of total assets ≥ 1%
property loss ≥ 12 million yuan have
of total assets;
been officially disclosed outside the
Potential misstatement of operating
Company disclosed in periodic reports
revenue ≥ 1% of operating income;
and adversely affected.Potential misstatement of total profit≥ 5%
Important defects: 3 million yuan < the
of total profit.amount of direct property loss < 12
Important defects:
million yuan punished by the state
0.5% of total assets ≤ Potential
government but no negative impact on
misstatement of total assets <1% of total
the disclosure of the company’s regular
assets
reports;
0.5% of operating income≤ Potential
General defects: the amount of direct
Quantitative standard misstatement of operating revenue <1% of
property loss ≤ 3 million yuan
operating income
punished by the provincial (including
2.5% of total profit≤ Potential
provincial) government but no
misstatement of total profit <5% of total
negative impact on the disclosure of
profit;
our company’s regular reports;
General defects:
Potential misstatement of total assets
<0.5% of total capital;
Potential misstatement of Operating
revenue <0.5% of operating income;
Potential misstatement of total profit
<2.5% of total profit;
Amount of significant defects in
0
financial reports
Amount of significant defects in
0
non-financial reports
58深圳市深粮控股股份有限公司2022年年度报告全文
Amount of important defects in financial
0
reports
Amount of important defects in
0
non-financial reports
2. Internal control audit report
□ Applicable □ Not applicable
Deliberations in Internal Control Audit Report
BDO China Shu Lun Pan Certified Public Accountant LLP believes as of Dec. 31 2022 the company maintained effective
internal control over financial reporting in all significant aspects in accordance with the Basic Standards for Enterprise Internal
Control and relevant regulations
Disclosure details of audit report of
Disclosed
internal control
Disclosure date of audit report of
2023-04-26
internal control (full-text)
Index of audit report of internal control The internal control audit report of SHENZHEN CEREALS HOLDINGS CO. LTD.(full-text) in 2022 published on Juchao Website (www.cninfo.com.cn)
Opinion type of auditing report of
Standard unqualified
internal control
Whether the non-financial report had
No
major defects
Does the accounting firm issue an internal control audit report with non-standard opinions?
□ Yes □ No
Is the internal control audit report issued by the accounting firm consistent with the self-evaluation report of the board of directors?
the Board
□ Yes □ No
XV. Rectification of Self-examination Problems in Special Governance Actions in Listed
Company
During the reporting period the company conducted self-examination and self-correction on corporate
governance in accordance with the requirements of the Announcement on Launching Special Actions on
Corporate Governance of Listed Companies of the China Securities Regulatory Commission. Through this
self-examination the company has established and improved a relatively complete and reasonable corporate
governance structure and internal control system in accordance with relevant laws and regulations such as the
Company Law Guidelines for Governance of Listed Companies Guidelines for the Standardized Operation of
Listed Companies in the Shenzhen Stock Exchange etc.. The company didn’t find any major deficiencies and
risks in standardized operations.In the future the company will focus on improving the high-quality development of the listed company continue
59深圳市深粮控股股份有限公司2022年年度报告全文
to improve the corporate governance system effectively improve the effectiveness of corporate governance and
scientificity of decision-making and achieve stable operation and sustainable development of the company.
60深圳市深粮控股股份有限公司2022年年度报告全文
Section V. Environmental and Social Responsibility
I. Major environmental
Are the listed company and its subsidiaries a key pollutant discharge unit announced by the environmental protection authorities?
□Yes □ No
Administrative punishment for environmental problems during the reporting period
Company name or Reason for Punishment Impact on the production and The company’s
Violation
subsidiary name punishment result operation of listed company rectification measures
NA NA NA NA NA NA
Other environmental information disclosed by reference to key pollutant discharge entities
Nil
Measures taken to reduce carbon emissions during the reporting period and their effectiveness
□ Applicable □Not applicable
Reasons for not disclosing other environmental information
The company attached great importance to environmental protection work and each subsidiary has built
corresponding environmental protection facilities according to the actual situation of production and operation to
treat waste gas dust wastewater and solid waste generated in the production process so as to make its emissions
reach the national and local relevant standards.II. Social responsibility
During the reporting period the Company has been strictly in accordance with Company Law Securities Law
Articles of Association and other relevant laws and regulations continues to improve governance structure and
regulate operation. The Company attaches importance to social responsibility sustains attention to social create
value integrity management according to law provides consumers with safe and secure products high-quality
green and healthy products to enhance the capacity for sustainable development and overall competitiveness; and
make efforts to improve management enhance innovation capability and core competencies; the Company
upholds a fair just and open principles of treatment for all investors with particular emphasis on safeguarding the
interests of minority shareholders; the Company strictly complies with national environmental laws and
regulations thoroughly implements green philosophy strengthens ecological protection complies with the overall
development of the country and society and strives to achieve economic and social benefits short-term interests
and long-term interests of their own development and social development coordination thus achieving healthy
and harmonious development of the Company staff society and environment.
61深圳市深粮控股股份有限公司2022年年度报告全文
III. Consolidating and expanding the achievements of poverty alleviation and rural
revitalization
To effectively carry out the rural revitalization work according to relevant work arrangements of the Provincial
Party Committee and the Municipal Party Committee in 2021 SZCH selected 3 personnel to establish a township
assistance team (hereinafter referred to as the "township assistance team") together with the personnel assigned by
Shenzhen Government Offices Administration Meteorological Bureau of Shenzhen Municipality and Heyuan
Central Branch of China Life Property and Caualty Insurance Co. Ltd. to carry out rural revitalization assistance
work in Tuocheng Town Longchuan County Heyuan City. In 2022 as a team member SZCH gave full play to its
advantages and explored a new approach for rural revitalization assistance.The first was to invite leaders of “one town one industry” peanut industry in Tuocheng Town and persons in
charge of local grain and oil enterprises to SZCH to learn grain and oil storage and testing technologies and
exchange experiences so as to expand ideas for rural revitalization and inspire confidence. The second was to
provide food quality testing technology assistance for local grain and oil processing enterprises. The main leaders
of SZCH led the technical experts of the company to carry out in-depth research in Tuocheng Town offered
“effective prescriptions” for local grain and oil processing enterprises and developed quality testing assistance
solutions. On the one hand through the resource advantages of Shenliang Quality Inspection SZCH provided
local grain and oil processing enterprises with quality testing services in the whole process from seed source to
raw materials to finished products reduced relevant expenses as much as possible on the basis of ensuring
timeliness thus guaranteeing the food quality and safety of grain and oil processing enterprises in Tuocheng Town.On the other hand SZCH established a normal food quality inspection mechanism irregularly arranged technical
experts to grain and oil processing enterprises for on-site exchange so as to strengthen the food quality and safety
awareness of the processing enterprises help inspection personnel improve testing technology boost the
processing enterprises to improve the quality management system and implement the quality system certification
work and promote the quality improvement of enterprise products. The third was to vigorously carry out
consumption assistance. During the Mid-Autumn Festival and National Day the Trade Union of SZCH mobilized
its subordinate grassroots trade unions to purchase agricultural and sideline products of Tuocheng Town with an
amount of 400000 yuan in the form of “purchase for donation buying for assisting” to support the industrial
development of Tuocheng Town and help the rural revitalization with practical actions.
62深圳市深粮控股股份有限公司2022年年度报告全文
Section VI. Important Events
I. Implementation of commitment
1. Commitments completed in Period and those without completed till end of the Period from actual
controller shareholders related parties purchaser and companies
□Applicable □ Not applicable
Commitment Made Type of Commitment Commitment
Content of commitments Implementation
reason by commitments date term
Commitment to
non-normal business
enterprises: For
non-normal business
enterprises under Shenzhen
Cereals Group (including
but not limited to
enterprises that have been
revoked business licenses
discontinued operation
etc.) the commitment
party will fully assist urge
and promote Shenzhen
Cereals Group to
Commitments Food implement the
Other Implement Normal
in assets Materials corresponding write-off 2018-03-23
commitments as promised performance
reorganization Group procedures. After the
completion of this
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers any losses due to
the abnormal operation of
the non-normal business
enterprises or the failure to
handle write-off
procedures in time the
commitment party will
bear the relevant legal
63深圳市深粮控股股份有限公司2022年年度报告全文
liability and fully
compensate the listed
company and the target
company within 30
working days after the
actual loss occurs.Relevant Commitments
Regarding the Existence of
Flaws in Leased Property:
The leased house property
of Shenzhen Cereals Group
and its holding subsidiaries
has the following
conditions: (1) The lessor
has not provided the
ownership documentary
evidence of the property
and/or the documentary
evidence proving the lessor
has the right to rent out the
house property. (2) The
lease term of part of the
leased house property is
more than 20 years; (3)
Food
Other Shenzhen Cereals Group Implement Normal
Materials 2018-03-23
commitments and its subsidiaries sublet as promised performance
Group
part of the leased house
property to a third party
without the consent of the
lessor; (4) The leased
house property of
Shenzhen Cereals Group
and its holding subsidiary
has not been registered for
the housing lease. If
Shenzhen Cereals Group
and its holding subsidiaries
are imposed any form of
punishment by the relevant
government departments or
assume any form of legal
responsibility or suffer
from any losses or
expenses because their
64深圳市深粮控股股份有限公司2022年年度报告全文
leased place and / or house
property do not comply
with relevant laws and
regulations the
commitment party will be
willing to bear any losses
damages claims costs and
expenses incurred suffered
and assumed by Shenzhen
Cereals Group and its
holding subsidiaries and
protect Shenzhen Cereals
Group and its holding
subsidiaries from damages.In addition the
commitment party will
support Shenzhen Cereals
Group and its holding
subsidiaries to actively
advocate their rights
against the corresponding
parties in order to
safeguard and protect the
interest of Shenzhen
Cereals Group and the
listed companies to the
maximum extent.Commitment Letter on
Flaws in House Property
and Land: In the case that
some of the house
properties held by
Shenzhen Cereals Group
fail to rename the obligee
Food of the property ownership
Other Implement Normal
Materials certificate the commitment 2018-03-23
commitments as promised performance
Group party will fully assist urge
and promote Shenzhen
Cereals Group or its
subsidiaries to go through
the formalities. After the
completion of this
reorganization if Shenzhen
Cereals Group or the listed
65深圳市深粮控股股份有限公司2022年年度报告全文
company is called to
account receives
administrative punishment
or suffers any losses due to
the failure to rename the
obligee of the property
ownership certificate the
commitment party will
bear the relevant legal
liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that some house
properties held by
Shenzhen Cereals Group
fail to complete the
registration procedures for
ownership transfer the
commitment party will
fully assist urge and
promote Shenzhen Cereals
Group to complete the
relevant transfer
procedures. After the
completion of this
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers any losses due to
the failure to rename the
obligee of
above-mentioned property
the commitment party will
bear the relevant legal
liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
66深圳市深粮控股股份有限公司2022年年度报告全文
actual loss occurs. In
response to the conversion
of non-market commercial
housing held by Shenzhen
Cereals Group into market
commercial housing the
commitment party will
fully assist urge and
promote Shenzhen Cereals
Group to go through the
formalities. After the
completion of this
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers any losses due to
the failure to complete the
conversion of non-market
commercial housing into
market commercial
housing the commitment
party will bear the relevant
legal liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that some house
properties of Shenzhen
Cereals Group have not
been renewed for the land
use period the
commitment party will
fully assist urge and
promote Shenzhen Cereals
Group to renew the
corresponding land use
right period. After the
completion of this
reorganization if Shenzhen
Cereals Group or the listed
67深圳市深粮控股股份有限公司2022年年度报告全文
company is called to
account receives
administrative punishment
or suffers any losses due to
the failure to renew the
land use right period the
commitment party will
bear the relevant legal
liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that some house
properties of Shenzhen
Cereals Group have not
been registered for
ownership transfer or
renewed the land use
period the commitment
party will fully assist urge
and promote Shenzhen
Cereals Group to handle
the corresponding land use
rights renewal and
ownership transfer
registration procedures.After the completion of the
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers any losses due to
the failure to complete the
above-mentioned land use
right renewal and
ownership transfer
registration procedures the
commitment party will
bear the relevant legal
liability and fully
compensate the listed
68深圳市深粮控股股份有限公司2022年年度报告全文
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that the property
of SZCG Sungang
Warehouse has not
completed the registration
for converting non
commercial housing into
commercial housing after
the completion of the
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers any losses as the
property of Sungang
Warehouse is not registered
for converting non
commercial housing into
commercial housing in
time the commitment
party will bear the relevant
legal liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that the land and
property of SZCG
Shuguang Grain Depot
have not passed the
completion acceptance nor
completed the registration
of commercial housing
after the completion of the
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
69深圳市深粮控股股份有限公司2022年年度报告全文
or suffers any losses as the
land and property of
Shuguang Grain Depot
have not timely passed the
completion in time nor
completed the registration
of commercial housing the
commitment party will
bear the relevant legal
liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that the property
of SZCG Flour Factory has
not completed the
conversion of
non-commercial housing
into commercial housing
and the relocation after the
completion of the
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers from any losses
as Flour Factory doesn’t
complete the conversion of
non-commercial housing
into commercial housing
and the relocation the
commitment party will
bear the relevant legal
liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. In view
of the fact that the land of
Heilongjiang
70深圳市深粮控股股份有限公司2022年年度报告全文
Hongxinglong Nongken
Shenxin Grain Industry
Park Co. Ltd. a subsidiary
of Shenzhen Cereals
Group has not applied for
land use right certificates
the commitment party will
fully assist urge and
promote the subsidiary of
Shenzhen Cereals Group to
manage the application
procedures of the
corresponding land use
right certificates. After the
completion of the
reorganization if Shenzhen
Cereals Group or the listed
company is called to
account receives
administrative punishment
or suffers any losses
because the land use right
certificate cannot be issued
due to any ownership
disputes in the
above-mentioned land use
right the commitment
party will bear the relevant
legal liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs. If
Shenzhen Cereals Group
and its holding subsidiaries
are required to take back
the sites and/or properties
or imposed any form of
punishment by the relevant
government departments or
assume any legal liability
or suffer any losses or
expenses arising from the
71深圳市深粮控股股份有限公司2022年年度报告全文
modification for flaws in
sites and/or properties as
the above-mentioned and
other self-owned or leased
sites and/or properties fail
to comply with the relevant
laws and regulations the
commitment party will
assume any losses
damages claims costs and
expenses incurred suffered
and assumed by Shenzhen
Cereals Group and its
holding subsidiaries and
protect the list companies
and Shenzhen Cereals
Group from damages. In
addition the commitment
party will support the
company and its holding
subsidiaries to actively
advocate their rights
against the corresponding
parties in order to
safeguard and protect the
interest of the company
and its holding subsidiaries
to the maximum extent.Commitment Letter on the
Company’s System Reform
and System Evaluation of
Shenzhen Cereals Group in
1998: After the completion
of this restructuring if
Shenzhen Cereals Group or
Food
Other the listed company is Implement Normal
Materials 2018-03-23
commitments called to account receives as promised performance
Group
administrative punishment
or suffers any losses as the
system reform is not
evaluated or other reasons
related to this reform the
commitment party will
bear the relevant legal
72深圳市深粮控股股份有限公司2022年年度报告全文
liability and fully
compensate the listed
company and Shenzhen
Cereals Group within 30
working days after the
actual loss occurs.Commitment to Maintain
the Position of Controlling
Shareholders of Listed
Companies: Within 60
months from the date of
completion of this
transaction the Company
promises not to voluntarily
give up the controlling
shareholder status in the
listed company and
guarantees that the
controlling shareholder
status of the listed
company will not be
Food
Other changed due to reasons of Normal
Materials 2018-03-23 2023-11-12
commitments the Company during this performance
Group
period nor assists any
other party to seek the
controlling shareholder
status of the listed
company. Within 60
months from the date of
completion of this
transaction the Company
will not take the initiative
to change the status of the
controlling shareholder of
the listed company through
any actions including
reducing the share holding
in the listed company.Commitment on the public
shares: After the
Food
Other completion of the Implement Normal
Materials 2018-03-23
commitments transaction the as promised performance
Group
commitment party will
cautiously nominate
73深圳市深粮控股股份有限公司2022年年度报告全文
directors and supervisors
and will not nominate
candidates for directors
supervisors and senior
management to the listed
company that will cause
the proportion of public
shares of the listed
company not meet the
requirements of the Listing
Rules of Shenzhen Stock
Exchange.; nor will vote
for the relevant
shareholders’ meeting
and/or board resolutions
for selecting directors
supervisors and senior
executives of listed
companies that will make
the proportion of public
shares of listed companies
not meet the requirements
of the Listing Rules of
Shenzhen Stock Exchange.Commitment on the
Lock-up Period of the
Shares: Shenzhen Shenbao
Industrial Co. Ltd.(hereinafter referred to as
“Shenshenbao” and “ListedCompany”) intends to
purchase the 100% equity
of Shenzhen Cereals Group
Food Shares limited
Co. Ltd. (hereinafter Fulfillment
Materials for sale 2018-04-02 2022-5-12
referred to as “SZCG” completed
Group commitment
“target company”) held by
the shareholders of SZCG
through issuance of shares.Shenzhen Food Materials
Group Co. Ltd (hereinafterreferred to as “thecommitment party”) the
controlling shareholder of
SZCG has made the
74深圳市深粮控股股份有限公司2022年年度报告全文
following commitments: 1.The commitment party
should not transfer the
shares of the listed
company obtained from
this transaction within 36
months from the date of
listing of the shares. If the
closing price of the listed
company’s stock is lower
than the issue price for 20
consecutive trading days
within 6 months after the
completion of this
transaction or the closing
price is lower than the
issue price at the term end
of 6 months after the
completion of the
transaction the lock-up
period for the commitment
party to hold the
company’s stock
automatically prolongs for
at least 6 months. 2. At the
expiration of the
above-mentioned lock-up
period if the commitment
party doesn’t fully fulfill
the performance
compensation obligation
stipulated in the
Performance
Compensation Agreement
the lock-up period of the
shares issued to the
commitment party will be
prolonged to the date when
the performance
compensation obligation is
fulfilled. 3. Before this
transaction the shares of
the Listed Company held
by the commitment party
75深圳市深粮控股股份有限公司2022年年度报告全文
and the companies
controlled by the promise
shall not be transferred
within 12 months after the
completion of this
transaction. 4. During the
lock-up period of shares
the part that the
commitment party has
increased due to the bonus
issue of dividends transfer
of share capital or share
allotment of the Listed
Company and other ex
dividend and ex right
matters should also abide
by the above-mentioned
share lock-up arrangement.
3. If the above lock-up
period does not comply
with the latest regulatory
requirements of the
securities regulatory
authority the commitment
party will agree to make
corresponding adjustments
according to the latest
regulatory opinions of the
regulatory authorities and
implement in accordance
with the relevant
provisions of the China
Securities Regulatory
Commission and the
Shenzhen Stock Exchange
after the lock-up period
expires.Commitment letter of
Shenzhen Food Materials
Food Group Co. Ltd on pending
Other Implement Normal
Materials litigation of Shenzhen 2018-04-02
commitments as promised performance
Group Cereals Group Co. Ltd.:
Shenzhen Shenbao
Industrial Co. Ltd.
76深圳市深粮控股股份有限公司2022年年度报告全文
(hereinafter referred to as
“Shenshenbao” “ListedCompany”) intends to
purchase the 100% equity
of Shenzhen Cereals Group
Co. Ltd. (hereinafter
referred to as “SZCG”
“target company”) held by
the shareholders of SZCG
through issuance of shares.In view of the two
unfinished major
lawsuits/arbitration of
SZCG Shenzhen Food
Materials Group Co. Ltd
(hereinafter referred to as
“the commitment party”)
the controlling shareholder
of SZCG has made the
following commitments: If
SZCG and its controlling
subsidiaries suffer any
claims compensation
losses or expenses due to
the unsettled major
lawsuits/arbitration about
the contract dispute of
international sale of
soybean with Noble
Resources Co. Ltd. and
the contract dispute with
Guangzhou Jinhe Feed
Co. Ltd. and
Huangxianning Import
Agent the commitment
party will assume the
compensation or loss
caused by the above two
outstanding major
lawsuits/arbitration.Commitment letter of
Food
Other Shenzhen Food Materials Implement Normal
Materials 2018-04-02
commitments Group Co. Ltd. on risks of as promised performance
Group
making a supplementary
77深圳市深粮控股股份有限公司2022年年度报告全文
payment for the rent at
earlier stage of Pinghu
Grain Depot: Shenzhen
Shenbao Industrial Co.Ltd. intends to purchase
the 100% equity of
Shenzhen Cereals Group
Co. Ltd. (hereinafter
referred to as “SZCG”)
held by the shareholders of
SZCG through issuance of
shares. Shenzhen Food
Materials Group Co. Ltd.(hereinafter referred to as
“the commitment party”)
the controlling shareholder
of SZCG has made the
following commitments: If
SZCG needs to make a
supplementary payment for
the rent before assessment
basis date to the property
right unit of Pinghu Grain
Depot (or its authorized
unit) the total amount of
the rent and other related
charges and expenses shall
be borne by the
commitment party.Commitment letter on the
house properties of
Shenzhen Cereals Group
and its subsidiaries that
have not obtained the
housing ownership
Food certificate: Shenzhen
Other Implement Normal
Materials Shenbao Industrial Co. 2018-04-02
commitments as promised performance
Group Ltd. (hereinafter referred to
as “Shenshenbao” and
“listed company”) intends
to purchase the 100%
equity of Shenzhen Cereals
Group Co. Ltd.(hereinafter referred to as
78深圳市深粮控股股份有限公司2022年年度报告全文
“SZCG” “targetcompany”) held by the
shareholders of SZCG
through issuance of shares.Shenzhen Food Materials
Group Co. Ltd (hereinafterreferred to as “thecommitment party”) the
controlling shareholder of
SZCG has made the
following commitments: If
SZCG and its subsidiaries
suffer any administrative
punishment or losses due
to their house properties
without the housing
ownership certificate the
commitment party will
bear the relevant legal
responsibilities and fully
compensate the listed
company and SZCG within
30 working days after the
actual loss occurs.Commitment on Shenzhen
Food Materials Group Co.Ltd to accept the restricted
shares of non-tradable
shares reform of Shenzhen
Shenbao Industrial Co.Ltd. held by Shenzhen
Investment Holdings Co.Ltd.: Shenzhen Food
Food Commitment
Materials Group Co. Ltd Implement Normal
Materials on restricted 2018-04-04
(hereinafter referred to as as promised performance
Group sale of shares
“Food Materials Group”)
accepts 79484302 shares
of A shares of Shenshenbao
A (000019) (including
66052518 shares of
unrestricted A shares and
13431784 shares of
restricted A shares ) held
by Shenzhen Investment
79深圳市深粮控股股份有限公司2022年年度报告全文
Holdings Co. Ltd.(hereinafter referred to as“Shenzhen InvestmentHoldings”) by the free
transfer totally accounting
for 16% of the total share
capital of Shenshenbao.Shenzhen Investment
Holdings made the
following commitments in
the reform of non-tradable
shares of Shenshenbao in
2006: “To make effectiveand long-term incentives
for the management after
the completion of the share
reform Shenzhen
Agricultural Products Co.Ltd. (hereinafter referred to
as “Agricultural Products”)
and Shenzhen Investment
Holdings the company’s
non-tradable shareholders
will sell their
shareholdings after
consideration which
account for 6%-8% of the
company’s total share
capital to the management
of the company in three
years based on the
shareholding ratio of
Agricultural Products and
Shenzhen Investment
Holdings after the share
reform (i.e. accounting for
6%-8% of the company’s
total share capital of
181923088 shares afterthe share reform).” Food
Materials Group made a
commitment that after the
completion of the free
transfer of the state-owned
80深圳市深粮控股股份有限公司2022年年度报告全文
shares Food Materials
Group would continue to
perform the above
commitments it made
when Shenzhen Investment
Holdings makes the
non-tradable shares reform
to Shenshenbao which is
effective in the long run.Commitment Letter on
Avoiding Horizontal
Competition: In view of
the fact that Shenzhen
Shenbao Industrial Co.Ltd. (hereinafter referred to
as “Listed Company”)
intends to acquire 100%
equity of Shenzhen Cereals
Group Co. Ltd. held by
Shenzhen Food Materials
Group Co. Ltd(hereinafterreferred to as “theCompany”) by issuing
Commitments
shares to purchase assets
on
the Company has made the
inter-industry
Food following commitments: 1.competition Implement Normal
Materials As of the issue date of this 2018-06-08
related as promised performance
Group Commitment Letter the
transactions
Company and other
and capital
enterprises controlled by
occupancy
the Company have not
engaged in any business or
activity that directly or
indirectly constitute
horizontal competition to
the Listed Company and its
subsidiaries in the
business and guarantees
that it will not engage or
induce any enterprise
controlled by the Company
to engage in any business
or activity that directly or
indirectly constitute
81深圳市深粮控股股份有限公司2022年年度报告全文
horizontal competition to
the Listed Company and its
subsidiaries in the future.
2. If the business
opportunity obtained by
the Company and other
enterprises controlled by
the Company constitutes
horizontal competition or
may constitute horizontal
competition to the main
business of the Listed
Company and its
subsidiaries the Company
will immediately notify the
Listed Company and try its
best to give the business
opportunity to the Listed
Company to avoid
horizontal competition or
potential horizontal
competition with the Listed
Company and its
subsidiaries and ensure the
interests of Listed
Company and other
shareholders of Listed
Company are not impaired.
3. If the main business of
the Listed Company and its
subsidiaries constitutes
horizontal competition or
may constitute horizontal
competition to the
Company and other
enterprises controlled by
the Company due to
business development or
extension the Company
and other enterprises
controlled by the Company
shall take the following
feasible measures based on
specific circumstance to
82深圳市深粮控股股份有限公司2022年年度报告全文
avoid competition with the
Listed Company: (1) Stop
business that constitutes
competition or may
constitute competition to
the Listed Company;
(2)Transfer the competitive
businesses and assets to the
Listed Company at fair
prices; (3) Transfer the
competitive business to an
unrelated third party; (4)
Other ways to protect the
interests of the Listed
Company; 4. If the
Company violates the
above commitments and
causes losses to the Listed
Company the Company
will compensate the Listed
Company for the incurred
losses after the losses are
determined. 5. The above
commitments continue to
be valid during the period
when the Company is the
controlling shareholder of
the Listed Company.Commitment Letter on
Reducing and Regulating
Related Transactions: In
view of the fact that
Commitments Shenzhen Shenbao
on Industrial Co. Ltd.inter-industry (hereinafter referred to as
Food
competition “Listed Company”) intends Implement Normal
Materials 2018-06-08
related to acquire 100% equity of as promised performance
Group
transactions Shenzhen Cereals Group
and capital Co. Ltd. held by Shenzhen
occupancy Food Materials Group Co.Ltd(hereinafter referred to
as “the Company”) by
issuing shares to purchase
assets the Company has
83深圳市深粮控股股份有限公司2022年年度报告全文
made the following
commitments: 1. The
enterprises directly or
indirectly controlled or
affected by the Company
and the restructured
company and its holding
companies will regulate
and minimize the related
transactions. For related
transactions that cannot be
avoided or have reasonable
reasons to occur the
Company promises to
follow the market-oriented
principle of justice
fairness and openness and
sign agreements in
accordance with relevant
laws and regulations
regulatory documents and
articles of association
perform legal procedures
fulfill information
disclosure obligations and
handle relevant approval
procedures in accordance
with the law and ensure
not to damage the
legitimate rights and
interests of the company
and other shareholders
through related
transactions. 2. The
enterprises directly or
indirectly controlled or
affected by the Company
will strictly avoid
borrowing from the
company and its holding
and shareholding
companies occupying the
funds of the company and
its holding and
84深圳市深粮控股股份有限公司2022年年度报告全文
shareholding companies or
embezzling the company’s
funds by taking advance
payments and
compensatory debts from
the company and its
holding and shareholding
companies. 3. After the
completion of this
transaction the Company
will continue to exercise its
shareholder rights in strict
accordance with the
relevant laws and
regulations regulatory
documents and the relevant
provisions of the Articles
of Association; and fulfill
its obligation of avoiding
voting when the company’s
general meeting of
shareholders is voting on
related transactions
involving the Company. 4.The Company guarantees
not to obtain any improper
interests through the
related transactions or
cause the company and its
holding and shareholding
companies to bear any
wrongful obligations. If the
company or its holding and
shareholding companies
suffer loses or the interests
of the company or its
holding and shareholding
companies are embezzled
by related transactions the
Company will the losses of
the company and its
holding and shareholding
companies.Food Other Commitment on the 2018-06-08 Implement Normal
85深圳市深粮控股股份有限公司2022年年度报告全文
Materials commitments Standardized Operation of as promised performance
Group Listed Company: Shenzhen
Shenbao Industrial Co.Ltd. intends to purchase
100% equity of Shenzhen
Cereals Group Co. Ltd.(hereinafter referred to as
“SZCG”) held by
Shenzhen Food Materials
Group Co. Ltd (hereinafterreferred to as “theCompany”) through
issuance of shares. In
response to the above
transactions the Company
has made the following
commitments: After the
completion of this
transaction the
commitment party
promises to ensure that the
listed company will strictly
follow the requirements of
laws and regulations suchas the “Guidelines for theGovernance of ListedCompanies” and the
changes in internal
management and external
operation and development
of listed company to revise
the Articles of Association
and related rules of
procedure so as to adapt to
the business operations and
corporate governance
requirements after the
reorganization continue to
improve the governance
structure of listed
company continuously
strengthen the system
construction to form a
corporate governance
86深圳市深粮控股股份有限公司2022年年度报告全文
structure that each
performs their own duties
effectively checks and
balances makes scientific
decisions and coordinates
the operation so as to more
effectively and feasibly
protect the interests of the
listed company and all its
shareholders. The
commitment party will
urge the listed company to
perform the functions of
the shareholders’ meeting
in strict accordance with
the Articles of Association
and the Rules of
Procedures of the
Shareholders Meeting
ensure that all
shareholders especially
small and medium
shareholders enjoy equal
rights as stipulated by
laws administrative
regulations and the Articles
of Association and ensure
that all shareholders legally
exercise their rights and
interests. The commitment
party will also urge the
listed company to further
improve the institutional
requirements of the board
of directors ensure that the
board of directors fairly
scientifically and
efficiently makes
decisions ensure that
independent directors can
perform their duties in
accordance with laws and
regulations during their
employment actively
87深圳市深粮控股股份有限公司2022年年度报告全文
understand the various
operations of the listed
company consciously
perform responsibilities
play a positive role in the
scientific decision-making
of the board of directors
and the development of the
listed company promote
the sound development of
the listed company and
effectively safeguard the
overall interests of the
listed company and the
interests of small and
medium-sized
shareholders. In addition
the Company will urge the
listed company to give full
play to the positive role of
independent directors in
regulating the operation of
the company strictly abide
by relevant national laws
regulations rules and
relevant provisions of the
Articles of Association to
select independent
directors and further
enhance corporate
governance.Commitment Letter on the
Legal Compliance of the
Underlying Asset
Operation: Shenzhen
Shenbao Industrial Co.Food Ltd. (hereinafter referred to
Other Implement Normal
Materials as “Shenshenbao” “Listed 2018-06-08commitments as promised performanceGroup Company”) intends to
purchase 100% equity of
Shenzhen Cereals Group
Co. Ltd. (hereinafter
referred to as “SZCG”
“Target Company”) held
88深圳市深粮控股股份有限公司2022年年度报告全文
by Shenzhen Food
Materials Group Co. Ltd
(hereinafter referred to as
“the Company”) through
issuance of shares. The
Company has made the
following commitments: 1.The Target Company is a
limited liability company
established according to
law and is validly existing
possesses statutory
business qualifications and
the Target Company has
obtained all the approvals
consents authorizations
and licenses required for its
establishment and
operation and all
approvals consents and
authorizations and licenses
are valid and there is no
reason or case that may
result in the invalidation of
the above approvals
consents authorizations
and licenses. 2. The Target
Company has no major
violations of laws and
regulations in the
production and operation
in the last three years there
is no case that the Target
Company should be
terminated according to
relevant laws regulations
normative documents and
the company’s articles of
association. Except for
litigations arbitrations and
administrative penalties
disclosed in the
Restructuring Report the
Target Company does not
89深圳市深粮控股股份有限公司2022年年度报告全文
have any unsettled or
foreseeable major
litigation arbitration and
administrative penalty that
adversely affect its
operations or the amount is
more than 10 million yuan.
3. The Target Company
will perform the labor
contracts with its
employees independently
and completely. 4. If the
Target Company is subject
to the fees or penalties of
the relevant competent
authorities in terms of
industry and commerce
taxation employee
salaries social security
housing provident fund
business qualifications or
industry supervisors due to
the facts already existing
before the reorganization
the Company will fully
compensates all the
outstanding fees of the
Target Company and bear
all the losses suffered by
Shenshenbao and the
Target Company. 5. The
Target Company legally
owns the ownership and/or
use rights of the offices
office equipment
trademarks and other assets
required for normal
production and operation
has independent and
complete assets and
business structure and has
legal ownership of its main
assets and the ownership
of assets is clear. 6. There
90深圳市深粮控股股份有限公司2022年年度报告全文
is no case that the Target
Company impedes the
transfer of ownership of
the company such as
litigation arbitration
judicial enforcement etc.and there is no external
guarantee that violates the
law or the articles of
association. After this
reorganization if the
Company violates the
above commitments and
causes losses to
Shenshenbao and the
Target Company the
Company agrees to bear
the aforementioned
compensation/ liability for
damage to Shenshenbao/
Target Company.Commitment on the
Independence of Listed
Company: In view of the
fact that Shenzhen
Shenbao Industrial Co.Ltd. (hereinafter referred to
as “Shenshenbao”) intends
to acquire 100% equity of
Shenzhen Cereals Group
Co. Ltd. (hereinafterFood referred to as “TargetOther Implement NormalMaterials Company”) held by 2018-06-08
commitments as promised performance
Group Shenzhen Food Materials
Group Co. Ltd (hereinafterreferred to as “theCompany”) by issuing
shares to purchase assets
the Company has made the
following commitments: 1.Guarantee the
independence of the
personnel of Shenshenbao
and the Target Company
91深圳市深粮控股股份有限公司2022年年度报告全文
(1) Guarantee that the
labor personnel and
compensation management
of Shenshenbao and Target
Company are completely
independent of the
Company and other
companies and enterprises
controlled by the Company
or other economic
organizations and related
parties after the completion
of this restructuring. (2)
Guarantee that the senior
management personnel of
Shenshenbao and Target
Company are fully
employed in Shenshenbao
and Target Company and
receive remuneration after
the completion of this
restructuring and do not
hold any post except for
directors and supervisors in
the Company and other
companies enterprises
controlled by the Company
or other economic
organizations and related
parties. (3) Ensure not to
intervene into the
shareholders’ meeting and
the board of directors of
Shenshenbao and Target
Company to exercise their
powers to determine the
appointment and dismissal
of personnel after the
completion of this
restructuring. 2. Guarantee
the institutional
independence of
Shenshenbao and Target
Company (1) After the
92深圳市深粮控股股份有限公司2022年年度报告全文
completion of this
restructuring Shenshenbao
and Target Company will
establish a sound corporate
governance structure and
have an independent and
complete organization. (2)
After the completion of
this restructuring the
shareholders meeting the
board of directors and the
board of supervisors of
Shenshenbao and Target
Company shall
independently exercise
their functions and powers
in accordance with the
laws regulations and the
articles of association of
Shenshenbao and Target
Company. 3. Ensure that
the assets of Shenshenbao
and Target Company are
independent and complete.
(1) After the completion of
this restructuring
Shenshenbao and Target
Company shall have
independent and complete
assets related to production
and operation. (2) Ensure
that the site for business
operation of Shenshenbao
and Target Company are
independent of the
Company and other
companies and enterprises
controlled by the Company
or other economic
organizations and related
parties after the completion
of this restructuring. (3) In
addition to normal business
transactions after the
93深圳市深粮控股股份有限公司2022年年度报告全文
completion of this
restructuring Shenshenbao
and Target Company do
not have funds and assets
which are occupied by the
Company and other
companies and enterprises
controlled by the Company
or other economic
organizations and related
parties. 4. Guarantee the
business independence of
Shenshenbao and Target
Company (1) After the
completion of this
restructuring Shenshenbao
and Target Company shall
have the relevant
qualifications for
independent business
activities and have the
market-oriented
independent autonomous
and sustainable operation
capabilities. (2) After the
completion of this
restructuring the Company
and other companies and
enterprises controlled by
the Company or other
economic organizations
and related parties shall
reduce the related
transactions with
Shenshenbao and Target
Company and other
companies and enterprises
controlled by them or other
economic organizations;
for the necessary and
unavoidable related
transactions guarantee the
fair operation according to
market principles and fair
94深圳市深粮控股股份有限公司2022年年度报告全文
prices and perform
relevant approval
procedures and information
disclosure obligations in
accordance with relevant
laws regulations and
regulatory documents. 5.Guarantee the financial
independence of
Shenshenbao and Target
Company (1) Ensure that
Shenshenbao and Target
Company will establish an
independent financial
department and an
independent financial
accounting system and a
standardized and
independent financial
accounting system after the
completion of this
restructuring. (2) Ensure
that Shenshenbao and
Target Company will open
an independent bank
account after the
completion of this
restructuring and will not
share bank accounts with
the Company and other
companies and enterprises
controlled by the Company
or other economic
organizations and other
related parties. (3) After
the completion of this
restructuring the financial
personnel of Shenshenbao
and Target Company shall
not take part-time jobs in
the Company and other
companies and enterprises
controlled by the Company
or other economic
95深圳市深粮控股股份有限公司2022年年度报告全文
organizations and related
parties. (4) After the
completion of this
restructuring Shenshenbao
and Target Company shall
be able to make financial
decisions independently
the Company shall not
interfere with the use of
funds of Shenshenbao and
Target Company. (5) After
the completion of this
restructuring Shenshenbao
and Target Company shall
pay taxes independently
according to law. If the
Company violates the
above commitments it will
bear all the losses caused
to Shenshenbao and Target
Company.Commitment to Avoid
Occupation of
Non-operating Capital:
Shenzhen Shenbao
Industrial Co. Ltd. intends
to acquire 100% equity of
Shenzhen Cereals Group
Co. Ltd. (hereinafter
Commitments
referred to as “SZCG”)
on
Food held by Shenzhen Food
inter-industry
Materials Materials Group Co. Ltd
competition Implement Normal
Group (hereinafter referred to as 2018-06-08
related as promised performance
Agricultural “the Company”) through
transactions
Products issuance of shares. In
and capital
response to the above
occupancy
transactions Food
Materials Group and
Agricultural Products have
made the following
commitments: 1. As of the
issue date of this
commitment letter the
commitment party and its
96深圳市深粮控股股份有限公司2022年年度报告全文
related person do not have
any illegal use of funds and
assets of the listed
company and SZCG and
there is no case that the
listed company and SZCG
provide illegal guarantee
for the commitment party
and its related person. 2.After the completion of the
transaction the
commitment party
guarantees that the
commitment party and its
related person shall not
illegally occupy the funds
and assets of the listed
company in any way nor
require the listed company
to provide illegal guarantee
for the commitment party
and its related person under
any circumstances nor
engage in any act to
damage the legitimate
rights and interests of the
listed company and other
shareholders. If the
commitment party violates
the above commitments it
will bear all losses caused
to the listed company and
the target company and
other companies and
enterprises controlled by
them or other economic
organizations.Completed on
Y
time (Y/N)
If the
commitment is
overdue and has -
not been
fulfilled the
97深圳市深粮控股股份有限公司2022年年度报告全文
specific reasons
for incomplete
performance and
the work plan
for next step
shall be
explained in
detail
2. For assets or projects of the Company which keeps profitable forecast during the reporting period
description reasons for reaching the original profitable forecast
□ Applicable □Not applicable
II. Non-operational fund occupation by controlling shareholders and its related party
□ Applicable □ Not applicable
No non-operational fund occupation by controlling shareholders and its related party in period.III. External guarantee out of regulations
□ Applicable □ Not applicable
No external guarantee out of the regulations occurred in the period.IV. Statement on the latest “modified audit report” by BOD
□ Applicable □Not applicable
V. Explanation from Board of Directors the board of supervisors and Independent Directors
(if applicable) for “Qualified Audit Opinion” issued by CPA
□ Applicable □Not applicable
VI. Explanation of the changes in accounting polices accounting estimates or correction of
significant accounting errors compared with the financial report of the previous year
□Applicable □ Not applicable
Changes of important accounting policies
(1) Implementation of Accounting Standards for Business Enterprises Interpretation No. 15
The Ministry of Finance issued Accounting Standards for Business Enterprises Interpretation No. 15 (CK (2021)
No.35) on December 30 2021 (hereinafter referred to as “Interpretation No. 15”).
98深圳市深粮控股股份有限公司2022年年度报告全文
* Accounting for trial operation sales
Interpretation No. 15 stipulates the accounting treatment and presentation of sales of products or by-products
produced by the enterprise before the fixed assets reach the expected usable state or during the research and
development and stipulates that the net amount from relevant income of trial operation sales used to offset the
cost shall not be used to write down fixed asset costs or the research and development expenditure. This provision
came into force on January 1 2022 and retroactive adjustments shall be made for trial operation sales that
occurred between the beginning of the earliest period of financial statement presentation and January 1 2022. The
implementation of this provision has not had a major impact on the financial condition and operating results of the
company.* Judgment on onerous contract
Interpretation No. 15 clarifies that the “cost of contract performance” considered by the enterprise when judging
whether the contract constitutes an onerous contract shall include both the incremental cost of contract
performance and the shared amount of other costs directly related to the contract performance.This provisions came into effect on January 1 2022. Enterprises shall implement this provisions for the contracts
that have not fulfilled all the obligations on January 1 2022. The early comparative financial statement data shall
not be adjusted for the retained earnings and other related financial statement items at the beginning of the year
when adjustment of cumulative affected amount is mad. The implementation of this provision has not had a major
impact on the financial condition and operating results of the company.
(2) Implementation of Finance and Accounting [2022] No. 13The company has adopted simplified methods for all
lease contracts that met the conditions before the adjustment of application scope and all similar lease contracts
that met the conditions after the adjustment of application scope and retroactively adjusted relevant lease
contracts that have adopted lease change for accounting treatment before the issue of the Notice without adjusting
the early comparative financial statement data; the implementation of this provision from January 1 2022 to the
implementation date of this Notice has not had a major impact on the financial condition and operating results of
the company.
(3) Implementation of Accounting Standards for Business Enterprises Interpretation No. 16
The Ministry of Finance issued Accounting Standards for Business Enterprises Interpretation No. 16 (CK (2022)
No.31) on November 30 2022 (hereinafter referred to as “Interpretation No. 16”).* Accounting for the income tax impact of dividends related to financial instruments classified by the issuer as
equity instruments
Interpretation No.16 stipulates that for financial instruments classified by the enterprise as equity instruments
where relevant dividend expenditures are deducted before enterprise income tax according to relevant provisions
of tax policies the income tax impact related to dividends shall be recognized when dividends payable are
99深圳市深粮控股股份有限公司2022年年度报告全文
recognized and the income tax impact of dividends shall be included into current profit and loss or owner’s equity
items (including other comprehensive income item) in the way consistent with the accounting treatment adopted
for previous transactions or matters that generate profits available for distribution.This provision came into force as of the date of promulgation. If relevant dividends payable occur from January 1
2022 to the date of implementation it shall be adjusted according to this provision; if relevant dividends payable
occur before January 1 2022 and the recognition of relevant financial instruments is not terminated on January 1
2022 retroactive adjustment shall be made. The implementation of this provision has not had a major impact on
the financial condition and operating results of the company.* Accounting treatment in which the enterprise modifies the share payment settled by cash to share payment
settled by equity
Interpretation No. 16 clarifies that if the enterprise modifies the terms and conditions in the agreement of share
payment settled by cash to make it share payment settled by equity on the modification date (whether within or
after the waiting period) it shall calculate the share payment settled by equity according to the fair value on the
date of modifying the granted equity instruments and include the acquired services into capital reserve. At the
same time it shall terminate the recognition of liabilities of the share payment settled by cash recognized on the
modification date and include the difference into current profit and loss.This provision came into force as of the date of promulgation and relevant new transactions from January 1 2022
to the date of implementation shall be adjusted according to this provision; if relevant transactions occurring
before January 1 2022 are not treated according to this provision retroactive adjustment shall be made and the
cumulative affected amount shall be adjusted to retained earnings and other related items as of January 1 2022
without adjusting the early comparative financial statement data. The implementation of this provision has not had
a major impact on the financial condition and operating results of the company.VII. Compare with last year’s financial report; explain changes in consolidation statement’s
scope
□Applicable □ Not applicable
During the reporting period newly established the Dongguan Shenliang Hualian Grain & Oil Trading Co. Ltd acquired the Wuhan
Jiacheng Biotechnology Co. Ltd and cancellation of the Heilongjiang Hongxinglong Nongken Shenxin Cereals Industrial Park Co.ltd and Shenzhen Shenbao Property Management Co. Ltd.In this period Zhenpin Market Operation Technology Co. Ltd. and Shenliang Hongli Grain and Oil (Shenzhen) Co. Ltd. were newly
established. The company lost its control right over Hangzhou Ju Fang Yong Trading Co. Ltd. as the latter was transferred to the
designated manager of the court due to bankruptcy liquidation. Shenzhen Shenbao Technology Center Co. Ltd. (hereinafter referred to
as “Shenbao Technology”) was absorbed and merged by Shenbao Huacheng before being canceled.VIII. Appointment and dismissal of CPA
Accounting firm appointed
100深圳市深粮控股股份有限公司2022年年度报告全文
Name of domestic accounting firm BDO China Shu Lun Pan Certified Public Accountant LLP
Remuneration for domestic accounting firm (in 10 thousand
74
Yuan)
Continuous life of auditing service for domestic accounting
4
firm
Name of domestic CPA Qi Tao Tao Guoheng
Continuous life of auditing service for domestic CPA 4 3
Whether re-appointed accounting firms in this period or not
□ Yes □ No
Appointment of internal control auditing accounting firm financial consultant or sponsor
□Applicable □ Not applicable
During the reporting period BDO China Shu Lun Pan Certified Public Accountant LLP was hired as the internal control audit
agency of the Company 290000 yuan for internal control audit fee.IX. Particular about delisting after annual report disclosed
□ Applicable □Not applicable
X. Bankruptcy reorganization
□ Applicable □Not applicable
No bankruptcy reorganization for the Company in reporting period
XI. Significant lawsuits and arbitration of the Company
□Applicable □ Not applicable
Amount
involved Resulting in an Execution
Lawsuits Trial result and Disclosure Disclosure
(in 10 accrual liability Progress of
(arbitration) influence date index
thousand (Y/N) judgment
yuan)
As of 31 Yes the single The Company After It is Not
December loan contract actively makes comprehensive actively applicable
2022 other dispute from use of the analysis the advancing
lawsuits that subordinate advantageous result of the
did not meet enterprise of the resources of cases involved
the disclosure 10621.13 Company is internal legal in the lawsuits
standards for expected to form affairs and will not have a
significant an accrual liability external laws firm significant
lawsuits of 5136600.00 to follow up and impact on the
mainly yuan deal with the Company
included the approximately. lawsuit-related
101深圳市深粮控股股份有限公司2022年年度报告全文
following: Other cases. At present
disputes over lawsuit-related the Company is
purchase and cases are responding to and
sales contract relatively small in dealing with the
dispute over individual amount cases effectively
loan contract and will not have in accordance
disputes over a significant with relevant
construction impact on the laws and
contracts Company when regulations
Disputes over analyzed in
company conjunction with
separation the progress of
contracts these cases.housing lease
contracts etc.XII. Penalty and rectification
□ Applicable □Not applicable
No penalty and rectification for the Company in reporting period.XIII. Integrity of the Company and its controlling shareholders and actual controllers
□ Applicable □Not applicable
XIV. Major related transaction
1. Related transaction with routine operation concerned
□ Applicable □ Not applicable
No related transaction occurred in the period with routine operation concerned
2. Assets or equity acquisition and sales of assets and equity
□ Applicable □ Not applicable
No related transaction concerning the asses or equity acquisition and sold in the period
3. Related transaction of foreign investment
□ Applicable □Not applicable
No related transaction of foreign investment occurred in the period
102深圳市深粮控股股份有限公司2022年年度报告全文
4. Related credits and liabilities
□ Applicable □ Not applicable
No related credits and liabilities occurred in period
5. Contact with the related finance companies
□ Applicable □Not applicable
There are no deposits loans credits or other financial business 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.XV. Significant contract and implementations
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
103深圳市深粮控股股份有限公司2022年年度报告全文
Unit: 10 thousand yuan
External Guarantee (not including guarantees to subsidiaries)
Count
Name of Related er Comple Guaran
Actual
the Announc Actual Collateral guara te tee for Guarante date of Guarante Guarant
Company ement guarantee implem related
e limit happenin e type (if any) ntee ee term guarantee disclosur limit entation party
g
d e date (if or not (Y/N)
any)
Guarantee for subsidiaries
Count
Name of Related er Comple Guaran
Actual
the Announc Actual
Guarante date of Guarante Collateral guara
te tee for
Guarant
Company ement guarantee implem related
e limit happenin e type (if any) ntee ee term guarantee disclosur limit entation party
g
d e date (if (Y/N) (Y/N)
any)
Donggua
n
Internatio
nal Food Joint
2021-07-2018-07-14
Industrial 37632 0 liability N/A N/A Y N
17 27 years
Park guaranty
Develop
ment Co.Ltd.Donggua
n Joint
2021-07-2020-10-14
Shenliang 21070 0 liability N/A N/A Y N
17 20 years
Logistics guaranty
Co. Ltd.Total amount of Total amount of actual
approved guarantee guarantee for
809231790
for subsidiaries in subsidiaries in
reporting period (B1) reporting period (B2)
Total amount of Total balance of actual
approved guarantee guarantee for
for subsidiaries at the 80923 subsidiaries at the end 0
end of reporting of reporting period
period (B3) (B4)
Guarantee of subsidiaries for subsidiaries
Name of Related Actual Comple Guaran
Actual
the Announc Guarante date of Guarante Collateral Count Guarant te tee for
guarantee
Company ement e limit happenin e type ee term implem related
limit (if any) er
guarantee disclosur g entation party
104深圳市深粮控股股份有限公司2022年年度报告全文
d e date guara or (Y/N)
not(Y/
ntee N)
(if
any)
Donggua
n Joint
2015-07-
Shenliang 27300 0 liability N/A N/A 8 years Y N
13
Logistics guaranty
Co. Ltd.Donggua
n
Internatio
nal Food Joint
2018-07-14
Industrial 39168 0 liability N/A N/A Y N
27 years
Park guaranty
Develop
ment Co.Ltd.Total amount of Total amount of actual
approved guarantee guarantee for
490621863
for subsidiaries in subsidiaries in
reporting period (C1) reporting period (C2)
Total amount of Total balance of actual
approved guarantee guarantee for
for subsidiaries at the 49062 subsidiaries at the end 0
end of reporting of reporting period
period (C3) (C4)
Total amount of guarantee of the Company (total of three above mentioned guarantee)
Total amount of approved Total amount of actual
guarantee in reporting period 129985 guarantee in reporting 3653
(A1+B1+C1) period (A2+B2+C2)
Total balance of actual
Total amount of approved
guarantee at the end of
guarantee at the end of 129985 0
reporting period
reporting period (A3+B3+C3)
(A4+B4+C4)
The proportion of the total amount of actual
guarantee in the net assets of the Company 0.00%
( A4+ B4+C4)
Including:
Balance of guarantees provided for
shareholders actual controllers and their related 0
parties (D)
Debt guarantee balance provided directly or
indirectly for guaranteed objects with an asset 0
liability ratio exceeding 70% (E)
Guarantee amount exceeding 50% of net assets
0
(F)
105深圳市深粮控股股份有限公司2022年年度报告全文
Total amount of the aforesaid three guarantees
0
(D+E+F)
Explanation of situations where there is a
guarantee liability or evidence indicating the
possibility of assuming joint and several liability N/A
for unexpired guarantee contracts during the
reporting period(if applicable)
Explanations on external guarantee against
N/A
regulated procedures (if applicable)
Explanation on guarantee with composite way
Nil
3. Entrusted cash asset management
(1) Entrusted financing
□ Applicable □Not applicable
Entrusted financing in the period
Unit: 10 thousand yuan
Impairment
amount accrual
Type Fund sources Amount occurred Undue balance Overdue amount for overdue
financial
management
Bank financial
Owned fund 63446 4500 0 0
products
Total 63446 4500 0 0
Details of high-risk trust financing with significant individual amounts low safety or liquidity
□ Applicable □Not applicable
Expected inability to recover the principal of trust financing or other situations that may lead to impairment in trusting financing
□ Applicable □Not applicable
(2) Entrusted loans
□ Applicable □Not applicable
No entrusted loans in the Period
4. Other material contracts
□ Applicable □ Not applicable
No other material contracts in the period.
106深圳市深粮控股股份有限公司2022年年度报告全文
XVI. Explanation on other significant events
□Applicable □ Not applicable
1. Personnel changes in BOD BOS and senior executives
(1) On January 12 2022 the company received a written resignation report submitted by Director of Company Mr. Wang Li. Since
he has reached the statutory retirement age Mr. Wang Li applied to resign from Director of Company and would no longer hold anyother position in the company after his resignation. For details please see the “Company Announcement on Director Retirement andResignation” published on www.cninfo.com.cn on January 14 2022.
(2) On June 5 2022 Chairman and Legal Representative of Company Mr. Zhu Junming passed away due to illness and the number
of directors of the company was reduced from 8 to 7 not lower than the minimum number of directors stipulated in the Company
Law. For details please see the “Company Announcement on the Death of Chairman and Legal Representative” published on
www.cninfo.com.cn on June 7 2022.
(3) On September 19 2022 the company received a written resignation report submitted by Director of Company Mr. Lu Qiguang.
Since he has reached the statutory retirement age Mr. Lu Qiguang applied to resign from Director of Company and would no longerhold any other position in the company after his resignation. For details please see the “Company Announcement on DirectorRetirement and Resignation” published on www.cninfo.com.cn on September 21 2022.XVII. Significant event of subsidiary of the Company
□Applicable □Not applicable
107深圳市深粮控股股份有限公司2022年年度报告全文
Section VII. Changes in Shares and Particulars about Shareholders
I. Changes in Shares
1. Changes in shares
Unit: Share
Increase/Decrease in the Change (+
Before the Change After the Change
-)
Capita
New
Bo lizatio
share Sub
Proportio nus n of Oth Proportio
Amount s tota A mount
n sha public ers n
issue l
res reserv
d
e
-31-31
I. Restricted shares 684601142 59.40% 0 0 0 684569567 59.40%
575575
1. State-owned shares 0 0.00% 0 0 0 0 0 0 0.00%
2. State-owned corporate
68456956759.40%0000068456956759.40%
shares
-31-31
3. Other domestic shares 31575 0.00% 0 0 0 0 0.00%
575575
Including: Domestic legal
00.00%0000000.00%
person’s shares
Domestic nature -31 -31
315750.00%00000.00%
person’s shares 575 575
4. Foreign shares 0 0.00% 0 0 0 0 0 0 0.00%
Including: Foreign
00.00%0000000.00%
corporate shares
overseas nature
00.00%0000000.00%
person’s share
3131
II. Unrestricted shares 467934112 40.60% 0 0 0 467965687 40.60%
575575
3131
1. RMB common shares 416184832 36.11% 0 0 0 416216407 36.11%
575575
2. Domestically listed
517492804.49%00000517492804.49%
foreign shares
3. Foreign listed foreign
00.00%0000000.00%
shares
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
Approval of changes in share
108深圳市深粮控股股份有限公司2022年年度报告全文
□ Applicable □ Not applicable
Ownership transfer of changes in share
□ 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
II. Securities issuance and listing
1. Security offering (without preferred stock) in the reporting period
□ Applicable □Not applicable
2. Changes in total shares and shareholders structure as well as explanation on changes in assets and
liability structure
□ Applicable □Not applicable
3. Existing internal staff shares
□ Applicable □Not applicable
III. Particulars about shareholders and actual controller of the Company
1. Number of shareholders and particulars about shares holding
Unit: Share
Total Total preferred Total
common shareholders with preferred
Total
stock voting rights sharehold
common
shareholder recovered at the end ers with
stock
s at the end of reporting period (if voting
shareholder 51102 51925 0 0
of last applicable) (refer to rights
s at the end
month Note 8) recovered
of reporting
before at end of
period
annual last
report month
109深圳市深粮控股股份有限公司2022年年度报告全文
disclosed before
annual
report
disclosed
(if
applicabl
e) (refer
to Note
8)
Particulars about shareholders holding more than 5% shares of the company or top ten shareholders
Total Information of
Name of Proportion shares held Changes in Quantity of Quantity of shares pledged
Nature of
Shareholder of shares at the end reporting restricted unrestricted tagged or frozen
shareholder
s held of reporting period shares held shares held State of Quantit
period share y
Shenzhen State-owned 63.79% 73523725 0 66918473 66052518
35
Food legal person
Materials
Group Co.Ltd
Shenzhen State-owned 8.23% 94832294 0 15384832 79447462
Agricultural legal person
Products
Group Co.Ltd
Dongguan Domestic 0.75% 8698216 8698200 0 8698216
Fruit non-state-owne
Vegetable d legal person
and Non-
staple Food
Trading
Market Co.Ltd
Lin Junbo Domestic 0.41% 4702800 1102800 0 4702800
nature person
Hong Kong Foreign legal 0.41% 4681096 2018509 0 4681096
Securities person
Clearing
Company
Deng Lijun Domestic 0.33% 3768470 3768470 0 3768470
nature person
Sun Domestic 0.29% 3399962 149900 0 3399962
Huiming nature person
110深圳市深粮控股股份有限公司2022年年度报告全文
Zhong Domestic 0.29% 3295500 0 0 3295500
Zhenxin nature person
Chen Domestic 0.24% 2761070 -95630 0 2761070
Jiuyang nature person
Domestic
Sun Limei 0.13% 1541000 1541000 0 1541000
nature person
Strategy investors or general
legal person becoming top 10
common shareholders due to N/A
rights issue (if applicable) (see
note 3)
Explanation on associated Shenzhen SASAC directly holds 100% equity of Shenzhen Food Materials Group Co. Ltd. and
relationship among the holds 34% equity of Shenzhen Agricultural Products Group Co. Ltd. indirectly through Shenzhen
aforesaid shareholders Food Materials 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 N/A
rights and abstention from
voting rights.Special note on the repurchase
account among the top 10
N/A
shareholders (if applicable)
(see note 10)
Particular about top ten shareholders holding unrestricted shares
Quantity of unrestricted shares Type of shares
Shareholders’ name
held at Period-end Type Quantity
Shenzhen Food Materials Group Co. Ltd 79447462 RMB common shares 79447462
Shenzhen Agricultural Products Group Co. 66052518 RMB common shares 66052518
Ltd
Dongguan Fruit Vegetable and Non-staple 8698216 RMB common shares 8698216
Food Trading Market Co. Ltd
Lin Junbo 4702800 RMB common shares 4702800
Hong Kong Securities Clearing Company 4681096 RMB common shares 4681096
Deng Lijun 3768470 RMB common shares 3768470
Sun Huiming 3399962 Domestically listed 3399962
foreign shares
Zhong Zhenxin 3295500 RMB common shares 3295500
Chen Jiuyang 2761070 RMB common shares 2761070
Sun Limei 1541000 RMB common shares 1541000
Explanation of the association Shenzhen SASAC directly holds 100% equity of Shenzhen Food Materials Group Co. Ltd. and
or concerted action between holds 34% of Shenzhen Agricultural Products Group Co. Ltd. indirectly through Shenzhen Food
111深圳市深粮控股股份有限公司2022年年度报告全文
the top 10 shareholders of Materials Group Co. Ltd.; the Company was not aware of any related relationship between other
non-restricted and tradable shareholders above and whether they are parties acting in concert as defined by the Acquisition
shares as well as between the Management Method of Listed Company.top 10 shareholders of
non-restricted and tradable
shares and the top 10
shareholders
At the end of reporting period Lin Junbo a shareholder of the company held 3285700 shares of
the Company under customer credit trading secured securities account through China Merchants
Securities Co. Ltd. and held 1417100 shares of the company under common account totally
holding 4702800 shares of the Company. During the reporting period shares held by Lin Junbo
Explanation on the under the credit trading secured securities account reduced by 314300 shares shares held by him
participation of the top 10 under common account rose by 1417100 shares and shares held by Lin Junbo rose by 1102800
ordinary shareholders in shares.margin trading and securities At the end of reporting period Sun Limei a shareholder of the company held 1535000 shares of
lending business (if any) (see the Company under customer credit trading secured securities account through Guangfa
Note 4) Securities Co. Ltd and held 6000 shares of the Company under common account totally
holding 1541000 shares of the Company. During the reporting period shares held by Lin Sun
Limei under the credit trading secured securities account rose by 1535000 shares shares held by
her under common account rose by 6000 shares and shares held by Sun Limei rose by 1541000
shares.Do ten common stock shareholders or top ten common stock shareholders of un-restrict shares have a buy-back agreement dealing in
reporting period?
□ Yes □ No
The top ten common stock shareholders or top ten common stock shareholders of un-restrict shares of the Company have no
buy-back agreement dealing in reporting period.
2. Controlling shareholder of the Company
Nature of controlling shareholders: local state-owned holding
Type of controlling shareholders: legal person
Legal
person/pe
Controlling Date of
rson in Organization code Main operation business
shareholders establishment
charge of
the unit
The general business projects are: food
safety infrastructure construction
(including the upgrading of the
Shenzhen Food
He 91440300MA5EWWPXX farmers ’market the upgrading of
Materials Group 2017-12-14
Jianfeng 2 public places canteens the
Co. Ltd
construction of community cooked
food centers and the construction of
agricultural product bases); safe food
112深圳市深粮控股股份有限公司2022年年度报告全文
circulation and terminal sales; the
establishment of food distribution
channel platforms; Food industry
investment and operation (Including
the M & A investment of the core
resources of the food industry chain
and the cultivation of enterprises in the
future direction); Domestic trade
(excluding franchised monopolized
and exclusively controlled
commodities); engaging in import and
export business (except for items
prohibited by laws administrative
regulations and the State Council
restricted items can only be operated
after obtaining permission); online
business activities (excluding restricted
items). Licensed business items are
food sales and supply business;
emergency material production and
operation; production purchase and
sale of I II and III medical devices;
pharmaceutical wholesale; ordinary
freight professional transportation
warehousing and logistics.Equity of other
domestic and
foreign listed
companies
controlled and In addition to holding 63.79% equity of the company Food Materials Group holds 34% equity of
participated in by Agricultural Products.controlling
shareholders
during the
reporting period
Changes of controlling shareholders in reporting period
□ Applicable □Not applicable
The controlling shareholder of the company has not changed during the reporting period.
3. Actual controller and persons acting in concert
Nature of actual controller: local state-owned assets management
Type of actual controller: legal person
113深圳市深粮控股股份有限公司2022年年度报告全文
Legal
person/person Date of Main operation
Actual controller Organization code
in charge of the establishment business
unit
Shenzhen Municipal People’s
State-owned assets
Government State-owned
Wang Yongjian 2004-04-02 11440300K317280672 supervision and
Assets Supervision &
management
Administration Commission
Equity of other
domestic/foreign listed
-
company controlled by actual
controller in reporting period
Changes of actual controller in reporting period
□ Applicable □Not applicable
No changes of actual controllers for the Company in reporting period.Property right and controlling relationship between the actual controller and the Company is as follow
Actual controller controlling the Company by entrust or other assets management
□ Applicable □Not applicable
4. The total number of shares pledged by controlling shareholders or the first majority shareholder and its
persons acting in concert accounts for 80% of the shares held by them
□ Applicable □Not applicable
114深圳市深粮控股股份有限公司2022年年度报告全文
5. Particulars about other legal person shareholders with over 10% shares held
□ Applicable □Not applicable
6. Limitation and reducing the holdings of shares of controlling shareholders actual controllers
restructuring party and other commitment subjects
□ Applicable □Not applicable
IV. The specific implementation of shares buy-back during the reporting period
Implementation progress of shares buy-back
□ Applicable □ Not applicable
Progress in implementing centralized bidding trading to reduce holdings of repurchase shares
□ Applicable □ Not applicable
115深圳市深粮控股股份有限公司2022年年度报告全文
Section VIII. Preferred Stock
□ Applicable □ Not applicable
The Company had no preferred stock in the Period.
116深圳市深粮控股股份有限公司2022年年度报告全文
Section IX. Corporate Bonds
□ Applicable □Not applicable
117深圳市深粮控股股份有限公司2022年年度报告全文
Section X. Financial Report
I. Audit Report
Type of audit opinion Standard unqualified opinion
Signing date of audit report 2023-04-24
Name of audit institute BDO China Shu Lun Pan Certified Public Accountant LLP
Document serial of audit report BDO CPAs Zi[2023]No. ZL10130
Name of the CPA Qi Tao Tao Guoheng
Text of auditing report
Auditor’s Report
BDO CPAs Zi[2023]No. ZL10130
To all shareholders of SHENZHEN CEREALS HOLDINGS CO. LTD.:
1. Auditing opinions
We have audited the financial statement under the name of SHENZHEN CEREALS HOLDINGS CO. LTD.(hereinafter referred to as “SZCH”) including the consolidated and parent Company’s balance sheet of December
31 2022 and profit statement and cash flow statement and statement on changes of shareholders’ equity for the
year ended and notes to the financial statements for the year ended.In our opinion the Company’s financial statements have been prepared in accordance with the Accounting
Standards for Business Enterprises and they fairly present the financial status of the Company and of its parent
company as of December 31 2022 and its operation results and cash flows for the year ended.
2. Basis of opinion
We conducted our audit in accordance with the Auditing Standards for Certified Public Accountants of China. Ourresponsibilities under those standards are further described in the “Auditor’s Responsibilities for the Audit of theFinancial Statements” section of the auditor’s report. We are independent of the Company in accordance with the
Certified Public Accountants of China’s Code of Ethics for Professional Accountants and we have fulfilled our
other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
3. Key audit matters
Key audit matters are those matters that in our professional judgment were of most significance in our audit of
the financial statements of the current period. These matters were addressed in the context of our audit of the
118深圳市深粮控股股份有限公司2022年年度报告全文
financial statements as a whole and in forming our opinion thereon and we do not provide a separate opinion on
this matter.The key audit matters identified in our audit are summarized as follows:
Key audit matters How to deal with the matter in audit
(i) Revenue recognition
For details and analysis of accounting policy of revenue The main audit procedures we implemented for the
recognition please refer to Note V(30) and Note VII (39) inventory and inventory falling price reserves include:
of consolidated financial statements. (1) Understand evaluate and test the internal control
design and implementation related to revenue
SZCH operating revenue for 2022 is 8312723100 yuan
recognition of SZCH;
including: the grain and oil trading and processing
(2) Check the main sales contracts identify terms
business is 7060875500 yuan accounting for 84.94%
related to transfer of the main risks and rewards on the
of the operating revenue. The grain and oil trading and ownership of goods and evaluate whether the revenue
processing business has a significant impact on the recognition policy conforms to the Accounting
financial statement and it is one of the key index of Standards for Business Enterprise;
(3) Carry out substantive analysis procedures for
performance of SZCH which has a special risk in
operating revenue and gross profit rate by month
manipulation for achieving the predicted target
products etc. identify whether there is significant or
therefore the identification of operating income will be
abnormal fluctuation and review the rationality of
listed as the key auditing event. revenue;
(4) We use sampling method to check the supporting
documents related to revenue recognition including
sales contract sales invoice delivery order goods right
transfer document and accounting voucher etc.;
(5) In combination with the L/C receivable confirm the
sales volume of the current period to the main
customers by sampling;
(6) Carry out a cut-off test on the business income
recognized before and after the balance sheet date to
assess whether the business income is recognized in the
appropriate accounting period.(ii) Inventory and inventory falling price reserves
For more details of inventory and inventory impairment The main audit procedures we implemented for the
please refer to Note V (15) and Note VII (9) of inventory and inventory falling price reserves of SZCH
consolidated financial statements. include:
(1) Understood evaluated and tested the internal control
As of December 31 2022 the inventory book balance
design and implementation related to inventory falling
presented on the consolidated financial statements of
price reserves of SZCH;
SZCH was 3698848700 yuan and the amount of
(2) We performed the inventory monitoring procedures
inventory falling price reserves was 99806700 yuan for inventory and checked the quantity and condition;
book value of inventories was 3599042000 yuan (3) Acquired the calculation table of inventory falling
accounting for 48.37% of the total assets. Inventory is price reserve implemented the inventory impairment
test procedure and analyzed whether provision for
119深圳市深粮控股股份有限公司2022年年度报告全文
measured at the lower one between the cost and the net inventory falling price reserves was sufficient;
realizable value. Due to the large amount of money of (4) We obtained the year-end inventory age list
inventory the SZCH management (Hereinafter referred conducted an analytical review of the inventory with
long inventory age combine with the condition of
to as “management”) needed to make significant
products and analyzed whether inventory falling price
judgments when determining the decrease in value of
reserves was sufficient;
inventory including the consideration of government
(5) For the products that can obtain the selling price in
reserve such as as grain & oil food and vegetable oil open market select samples independently query the
which are affected by futures market These important public market price information and compare it with the
judgments have a significant impact on the valuation of estimated selling price.inventory and provision for inventory depreciation at
period-end; therefore we determined the inventory and
inventory falling price reserves as key audit matters.
4. Other information
The management of SZCH (hereinafter referred to as the management) is responsible for other information which
includes the information covered in the Company’s 2022 annual report excluding the financial statement and our
audit report.The audit opinion issued by us for the financial statement has not covered other information for which we do not
issue any form of assurance opinions.Considering our audit on financial statements we are liable to read other information during which we shall
consider whether other information differs materially from the financial statements or that we understand during
our audit or whether there is any material misstatement.Based on the works executed by us we should report the fact if we find any material misstatement in other
information. In this regards we have nothing to report.
5. Responsibilities of management and those charged with governance for the financial statements
The management of SZCH is responsible for the preparation of the financial statements in accordance with the
Accounting Standards for Enterprise to secure a fair presentation and for the design establishment and
maintenance of the internal control necessary to enable the preparation of financial statements that are free from
material misstatement whether due to fraud or error.In preparing the financial statements the management is responsible for assessing the Company’s ability to
continue as a going concern (if applicable) disclosing matters related to going concern and using the going
concern assumption unless the management either intends to liquidate the Company or to cease operations or has
no realistic alternative but to do so.
120深圳市深粮控股股份有限公司2022年年度报告全文
Those charged with governance are responsible for overseeing the Company’s financial reporting process.
6. Responsibilities of the auditor for the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement whether due to fraud or error and to issue an audit report that includes our audit opinion.Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with the CAS will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if individually or in the aggregate they could reasonably be expected to
influence the economic decisions of users taken on the basis of the financial statements.As part of an audit in accordance with the CAS we exercise professional judgment and maintain professional
skepticism throughout the audit. We also:
(i) Identify and assess the risks of material misstatement of the financial statements whether due to fraud or error
design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and
appropriate to provide a basis for audit opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error as fraud may involve collusion forgery intentional omissions
misrepresentations or the override of internal control.(ii) Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances
(iii) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the management.(iv) Conclude on the appropriateness of the management’s use of the going concern assumption and based on the
audit evidence obtained whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material
uncertainty exists we are required by the CAS to draw users’ attention in audit report to the related disclosures in
the financial statements or if such disclosures are inadequate to modify audit opinion. Our conclusions are based
on the information obtained up to the date of audit report. However future events or conditions may cause the
Company to cease to continue as a going concern.(v) Evaluate the overall presentation including the disclosures structure and content of the financial statements
and whether the financial statements represent the underlying transactions and events in a manner that achieves
fair presentation.(vi) Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities within the Company to express audit opinion on the financial statements. We are responsible for the
121深圳市深粮控股股份有限公司2022年年度报告全文
direction supervision and performance of the group audit. We remain solely responsible for audit opinion.We communicate with those charged with governance regarding among other matters the planned scope and
timing of the audit and significant audit findings including any significant deficiencies in internal control that we
identify during our audit.We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence and communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence and relevant countermeasures (if applicable).From the matters communicated with those charged with governance we determine those matters that were of
most significance in the audit of the financial statements of the current period and are therefore the key audit
matters. We describe these matters in the auditor’s report unless law or regulation precludes public disclosure
about the matter or when in extremely rare circumstances we determine that a matter should not be
communicated in the auditor’s report because of the adverse consequences of doing so would reasonably be
expected to outweigh the public interest benefits of such communication.BDO China Shu Lun Pan CPAs Chinese CPA：Qi Tao
(LLP) (Engagement partner)
Chinese CPA: Tao Guoheng
Shanghai· China April 24 2023
122深圳市深粮控股股份有限公司2022年年度报告全文
II. Financial Statement
Statement in Financial Notes are carried in RMB/CNY
1. Consolidated Balance Sheet
Prepared by SHENZHEN CEREALS HOLDINGS CO. LTD.December 31 2022
Unit: RMB/CNY
Item December 31 2022 December 31 2021
Current assets:
Monetary funds 54103771.00 50409923.65
Settlement provisions 0.00 0.00
Capital lent 0.00 0.00
Tradable financial assets 46676652.91 211060770.50
Derivative financial assets 0.00 0.00
Note receivable 270109.00 687242.00
Account receivable 236829100.95 283047341.62
Receivable financing 0.00 0.00
Accounts paid in advance 65487390.88 115894774.61
Insurance receivable 0.00 0.00
Reinsurance receivables 0.00 0.00
Contract reserve of reinsurance
0.000.00
receivable
Other account receivable 32910189.14 32377838.35
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 3599041970.52 3460618674.81
Contract assets 0.00 0.00
Assets held for sale 0.00 0.00
Non-current asset due within one
0.000.00
year
Other current assets 32597421.26 88457984.90
Total current assets 4067916605.66 4242554550.44
Non-current assets:
123深圳市深粮控股股份有限公司2022年年度报告全文
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 70676534.63 73490443.49
Investment in other equity
0.000.00
instrument
Other non-current financial
57500.0057500.00
assets
Investment real estate 217137461.76 233096698.49
Fixed assets 2141336538.86 2127831149.19
Construction in progress 186884912.13 207946539.97
Productive biological asset 368309.40 378001.80
Oil and gas asset 0.00 0.00
Right-of-use assets 78304838.28 97648674.06
Intangible assets 594428051.55 609405194.82
Expense on Research and
0.000.00
Development
Goodwill 1953790.56 1953790.56
Long-term expenses to be
33076249.9028795206.45
apportioned
Deferred income tax asset 40240466.35 40529425.47
Other non-current asset 8953415.90 5931731.58
Total non-current asset 3373418069.32 3427064355.88
Total assets 7441334674.98 7669618906.32
Current liabilities:
Short-term loans 1192211087.37 504766782.25
Loan from central bank 0.00 0.00
Capital borrowed 0.00 0.00
Trading financial liability 288486.18 0.00
Derivative financial liability 0.00 0.00
Note payable 0.00 0.00
Account payable 390149018.13 426906669.71
Accounts received in advance 1355802.01 2379891.67
Contract liability 110177908.96 182972314.85
124深圳市深粮控股股份有限公司2022年年度报告全文
Selling financial asset of
0.000.00
repurchase
Absorbing deposit and interbank
0.000.00
deposit
Security trading of agency 0.00 0.00
Security sales of agency 0.00 0.00
Wage payable 339234506.43 320706055.47
Taxes payable 70739384.81 86813588.15
Other account payable 299793948.48 376607198.99
Including: Interest payable
Dividend payable 2933690.04 2933690.04
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due
21770690.45128732475.16
within one year
Other current liabilities 1112119.07 4367576.91
Total current liabilities 2426832951.89 2034252553.16
Non-current liabilities:
Insurance contract reserve 0.00 0.00
Long-term loans 0.00 730521692.22
Bonds payable 0.00 0.00
Including: Preferred stock 0.00 0.00
Perpetual capital
0.000.00
securities
Lease liability 60436879.66 80173743.75
Long-term account payable 17620572.48 17266921.98
Long-term wages payable 0.00 0.00
Accrual liability 3500000.00 3500000.00
Deferred income 87077137.27 93129536.68
Deferred income tax liabilities 13381949.47 13868191.82
Other non-current liabilities 0.00 0.00
Total non-current liabilities 182016538.88 938460086.45
Total liabilities 2608849490.77 2972712639.61
125深圳市深粮控股股份有限公司2022年年度报告全文
Owner’s equity:
Share capital 1152535254.00 1152535254.00
Other equity instrument 0.00 0.00
Including: Preferred stock 0.00 0.00
Perpetual capital
0.000.00
securities
Capital public reserve 1259639656.65 1259639656.65
Less: Inventory shares 0.00 0.00
Other comprehensive income 0.00 0.00
Reasonable reserve 220301.70 0.00
Surplus public reserve 439624164.67 405575490.42
Provision of general risk
Retained profit 1910954084.79 1812541701.27
Total owner’ s equity attributable to
4762973461.814630292102.34
parent company
Minority interests 69511722.40 66614164.37
Total owner’ s equity 4832485184.21 4696906266.71
Total liabilities and owner’ s equity 7441334674.98 7669618906.32
Legal Representative: Hu Xianghai
Person in charge of accounting works: Lu Yuhe
Person in charge of accounting institute: Wen Jieyu
2. Balance Sheet of Parent Company
Unit: RMB/CNY
Item December 31 2022 January 1 2022
Current assets:
Monetary funds 961310.17 2264388.89
Tradable financial assets 46676652.91 181047789.68
Derivative financial assets 0.00 0.00
Note receivable 0.00 0.00
Account receivable 87194178.84 135678426.30
Receivable financing 0.00 0.00
Accounts paid in advance 687515.40 0.00
126深圳市深粮控股股份有限公司2022年年度报告全文
Other account receivable 1560888393.94 983939717.84
Including: Interest receivable
Dividend
540000000.00
receivable
Inventories
Contract assets
Assets held for sale
Non-current assets maturing
within one year
Other current assets 274196.00 1083482.32
Total current assets 1696682247.26 1304013805.03
Non-current assets:
Debt investment 0.00 0.00
Other debt investment 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investments 4033819425.09 4048519425.09
Investment in other equity
0.000.00
instrument
Other non-current financial
0.000.00
assets
Investment real estate 16043323.48 16514913.76
Fixed assets 33752718.66 32097138.18
Construction in progress 0.00 239282.75
Productive biological assets 368309.40 378001.80
Oil and natural gas assets 0.00 0.00
Right-of-use assets 0.00 0.00
Intangible assets 17032428.19 19338264.04
Research and development costs 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 3097280.23 1538731.98
Deferred income tax assets 0.00 0.00
Other non-current assets 8700512.47 4602630.58
Total non-current assets 4112813997.52 4123228388.18
Total assets 5809496244.78 5427242193.21
Current liabilities:
127深圳市深粮控股股份有限公司2022年年度报告全文
Short-term borrowings 100073055.56 28175026.24
Trading financial liability 0.00 0.00
Derivative financial liability 0.00 0.00
Notes payable 0.00 0.00
Account payable 0.00 0.00
Accounts received in advance 0.00 0.00
Contract liability 0.00 0.00
Wage payable 27465081.26 29472163.62
Taxes payable 2993808.49 2801612.80
Other accounts payable 1024148905.29 764330925.37
Including: Interest payable
Dividend payable 2933690.04 2933690.04
Liability held for sale
Non-current liabilities due
within one year
Other current liabilities
Total current liabilities 1154680850.60 824779728.03
Non-current liabilities:
Long-term loans 0.00 0.00
Bonds payable 0.00 0.00
Including: Preferred stock 0.00 0.00
Perpetual capital
0.000.00
securities
Lease liability 0.00 0.00
Long-term account payable 0.00 0.00
Long term employee
0.000.00
compensation payable
Accrued liabilities 3500000.00 3500000.00
Deferred income 0.00 0.00
Deferred income tax liabilities 0.00 0.00
Other non-current liabilities 0.00 0.00
Total non-current liabilities 3500000.00 3500000.00
Total liabilities 1158180850.60 828279728.03
Owners’ equity:
Share capital 1152535254.00 1152535254.00
128深圳市深粮控股股份有限公司2022年年度报告全文
Other equity instrument 0.00 0.00
Including: Preferred stock 0.00 0.00
Perpetual capital
0.000.00
securities
Capital public reserve 3018106568.27 3018106568.27
Less: Inventory shares 0.00 0.00
Other comprehensive income 0.00 0.00
Special reserve 0.00 0.00
Surplus reserve 167219736.53 133171062.28
Retained profit 313453835.38 295149580.63
Total owner’s equity 4651315394.18 4598962465.18
Total liabilities and owner’s equity 5809496244.78 5427242193.21
3. Consolidated Profit Statement
Unit: RMB/CNY
Item 2022 2021
I. Total operating income 8312723058.19 10139563710.11
Including: Operating income 8312723058.19 10139563710.11
Interest income 0.00 0.00
Insurance gained 0.00 0.00
Commission charge and
0.000.00
commission income
II. Total operating cost 7717019269.26 9504004530.36
Including: Operating cost 7172858434.85 8859285309.43
Interest expense 0.00 0.00
Commission charge and
0.000.00
commission expense
Cash surrender value 0.00 0.00
Net amount of expense of
0.000.00
compensation
Net amount of withdrawal
0.000.00
of insurance contract reserve
Bonus expense of
0.000.00
guarantee slip
Reinsurance expense 0.00 0.00
129深圳市深粮控股股份有限公司2022年年度报告全文
Tax and extras 17936476.00 16709081.11
Sales expense 175760616.70 250216473.67
Administrative expense 280557640.12 300735585.34
R&D expense 18549053.04 20689494.13
Financial expense 51357048.55 56368586.68
Including: Interest
52421870.8757185980.70
expenses
Interest
895316.442369604.37
income
Add: Other income 9839784.37 15739392.31
Investment income (Loss is
2229228.544289604.50
listed with “-”)
Including: Investment
income on affiliated company and joint -2813908.86 275295.65
venture
The termination of
income recognition for financial assets 0.00 0.00
measured by amortized cost
Exchange income (Loss is
0.000.00
listed with “-”)
Net exposure hedging
0.000.00
income (Loss is listed with “-”)
Income from change of fair
18546.91299292.76
value (Loss is listed with “-”)
Loss of credit impairment
-1356843.592154887.55
(Loss is listed with “-”)
Losses of devaluation of
-142507365.87-184486526.84
asset (Loss is listed with “-”)
Income from assets disposal
-25417.6929437150.82
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
463901721.60502992980.85
“-”)
Add: Non-operating income 7995011.97 14640665.53
Less: Non-operating expense 985871.48 1505363.93
IV. Total profit (Loss is listed with “-”) 470910862.09 516128282.45
Less: Income tax expense 52611993.87 79817640.62
V. Net profit (Net loss is listed with
418298868.22436310641.83
“-”)
130深圳市深粮控股股份有限公司2022年年度报告全文
(i) Classify by business continuity
1.continuous operating net profit
418298868.22436310641.83(net loss listed with ‘-”)
2.termination of net profit (net
0.00loss listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to
420594871.27428720226.09
owner’s of parent company
2.Minority shareholders’ gains
-2296003.057590415.74
and losses
VI. Net after-tax of other
comprehensive income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(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
131深圳市深粮控股股份有限公司2022年年度报告全文
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 418298868.22 436310641.83
Total comprehensive income
attributable to owners of parent 420594871.27 428720226.09
Company
Total comprehensive income
-2296003.057590415.74
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.3649 0.3720
(ii) Diluted earnings per share 0.3649 0.3720
As for the enterprise combined under the same control the net profit achieved by the merged party before combination is 0.00 yuan
and the net profit achieved by the merged party in last period is 0.00 yuan.Legal Representative: Hu Xianghai
Person in charge of accounting works: Lu Yuhe
Person in charge of accounting institute: Wen Jieyu
4. Profit Statement of Parent Company
Unit: RMB/CNY
Item 2022 2021
I. Operating income 204080212.91 152755423.01
Less: Operating cost 471590.28 471590.28
Taxes and surcharge 428343.35 683515.34
Sales expenses 0.00 0.00
Administration expenses 67070054.50 67332547.72
R&D expenses 0.00 0.00
132深圳市深粮控股股份有限公司2022年年度报告全文
Financial expenses -8044509.56 3532095.48
Including: Interest
1827115.614179277.98
expenses
Interest
9779382.27702381.08
income
Add: Other income 308389.79 194374.00
Investment income (Loss is
195712249.48151392969.32
listed with “-”)
Including: Investment
income on affiliated Company and 0.00 0.00
joint venture
The termination of
income recognition for financial
0.000.00
assets measured by amortized cost
(Loss is listed with “-”)
Net exposure hedging
0.000.00
income (Loss is listed with “-”)
Changing income of fair
307033.09299292.76
value (Loss is listed with “-”)
Loss of credit impairment
-664.43-393159.80
(Loss is listed with “-”)
Losses of devaluation of
0.000.00
asset (Loss is listed with “-”)
Income on disposal of
0.000.00
assets (Loss is listed with “-”)
II. Operating profit (Loss is listed
340481742.27232229150.47
with “-”)
Add: Non-operating income 5000.23 0.00
Less: Non-operating expense 150000.00
III. Total Profit (Loss is listed with
340486742.50232079150.47
“-”)
Less: Income tax
IV. Net profit (Net loss is listed with
340486742.50232079150.47
“-”)
(i) continuous operating net
340486742.50232079150.47profit (net loss listed with ‘-”)
(ii) termination of net profit (net
0.000.00loss listed with ‘-”)
133深圳市深粮控股股份有限公司2022年年度报告全文
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
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income 340486742.50 232079150.47
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
134深圳市深粮控股股份有限公司2022年年度报告全文
5. Consolidated Cash Flow Statement
Unit: RMB/CNY
Item 2022 2021
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 8510329807.95 10872515643.46
services
Net increase of customer deposit
0.000.00
and interbank deposit
Net increase of loan from central
0.000.00
bank
Net increase of capital borrowed
0.000.00
from other financial institution
Cash received from original
0.000.00
insurance contract fee
Net cash received from
0.000.00
reinsurance business
Net increase of insured savings
0.000.00
and investment
Cash received from interest
0.000.00
commission charge and commission
Net increase of capital borrowed 0.00 0.00
Net increase of returned business
0.000.00
capital
Net cash received by agents in
0.000.00
sale and purchase of securities
Write-back of tax received 84485893.36 45244428.95
Other cash received concerning
400125909.72479459925.25
operating activities
Subtotal of cash inflow arising from
8994941611.0311397219997.66
operating activities
Cash paid for purchasing
commodities and receiving labor 7446476870.32 9852107611.52
service
Net increase of customer loans
0.000.00
and advances
Net increase of deposits in 0.00 0.00
135深圳市深粮控股股份有限公司2022年年度报告全文
central bank and interbank
Cash paid for original insurance
0.000.00
contract compensation
Net increase of capital lent 0.00 0.00
Cash paid for interest
0.000.00
commission charge and commission
Cash paid for bonus of guarantee
0.000.00
slip
Cash paid to/for staff and
342665847.76300172388.98
workers
Taxes paid 153858115.96 169922331.66
Other cash paid concerning
520052010.35634621635.96
operating activities
Subtotal of cash outflow arising from
8463052844.3910956823968.12
operating activities
Net cash flows arising from operating
531888766.64440396029.54
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
1281460000.00470050000.00
investment
Cash received from investment
8146592.883814981.00
income
Net cash received from disposal
of fixed intangible and other 276799.46 43950678.81
long-term assets
Net cash received from disposal
0.000.00
of subsidiaries and other units
Other cash received concerning
0.000.00
investing activities
Subtotal of cash inflow from
1289883392.34517815659.81
investing activities
Cash paid for purchasing fixed
198201398.37203585664.63
intangible and other long-term assets
Cash paid for investment 1106460000.00 841680000.00
Net increase of mortgaged loans 0.00 0.00
Net cash received from
0.0016512205.96
subsidiaries and other units obtained
136深圳市深粮控股股份有限公司2022年年度报告全文
Other cash paid concerning
404.680.00
investing activities
Subtotal of cash outflow from
1304661803.051061777870.59
investing activities
Net cash flows arising from investing
-14778410.71-543962210.78
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
4900000.002401000.00
investment
Including: Cash received from
absorbing minority shareholders’ 4900000.00 2401000.00
investment by subsidiaries
Cash received from loans 3638944014.55 3189591562.34
Other cash received concerning
0.000.00
financing activities
Subtotal of cash inflow from
3643844014.553191992562.34
financing activities
Cash paid for settling debts 3790121597.82 2907274264.53
Cash paid for dividend and
342789753.61301598845.09
profit distributing or interest paying
Including: Dividend and profit
of minority shareholder paid by 676800.00 3811557.09
subsidiaries
Other cash paid concerning
24485154.6720527342.78
financing activities
Subtotal of cash outflow from
4157396506.103229400452.40
financing activities
Net cash flows arising from financing
-513552491.55-37407890.06
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 167524.68 -150074.44
exchange rate
V. Net increase of cash and cash
3725389.06-141124145.74
equivalents
Add: Balance of cash and cash
49370080.20190494225.94
equivalents at the period -begin
VI. Balance of cash and cash
53095469.2649370080.20
equivalents at the period -end
137深圳市深粮控股股份有限公司2022年年度报告全文
6. Cash Flow Statement of Parent Company
Unit: RMB/CNY
Item 2022 2021
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 176686787.63 137263979.66
services
Write-back of tax received 1708938.65 1637543.02
Other cash received concerning
3680998303.081956978556.11
operating activities
Subtotal of cash inflow arising from
3859394029.362095880078.79
operating activities
Cash paid for purchasing
commodities and receiving labor 0.00 45095000.00
service
Cash paid to/for staff and
57765938.1254555323.35
workers
Taxes paid 446493.37 7083053.22
Other cash paid concerning
2660155177.371252879663.51
operating activities
Subtotal of cash outflow arising from
2718367608.861359613040.08
operating activities
Net cash flows arising from operating
1141026420.50736267038.71
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
718000000.00122550000.00
investment
Cash received from investment
4590419.34815223.96
income
Net cash received from disposal
of fixed intangible and other 0.00 0.00
long-term assets
Net cash received from disposal
0.000.00
of subsidiaries and other units
Other cash received concerning
4000000.000.00
investing activities
138深圳市深粮控股股份有限公司2022年年度报告全文
Subtotal of cash inflow from
726590419.34123365223.96
investing activities
Cash paid for purchasing fixed
9341668.5512812134.53
intangible and other long-term assets
Cash paid for investment 583000000.00 643355000.00
Net cash received from
0.000.00
subsidiaries and other units obtained
Other cash paid concerning
1053688033.440.00
investing activities
Subtotal of cash outflow from
1646029701.99656167134.53
investing activities
Net cash flows arising from investing
-919439282.65-532801910.57
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
0.000.00
investment
Cash received from loans 442127475.10 757196852.36
Other cash received concerning
0.000.00
financing activities
Subtotal of cash inflow from
442127475.10757196852.36
financing activities
Cash paid for settling debts 370299684.12 729024633.14
Cash paid for dividend and
294731370.17234673618.10
profit distributing or interest paying
Other cash paid concerning
0.000.00
financing activities
Subtotal of cash outflow from
665031054.29963698251.24
financing activities
Net cash flows arising from financing
-222903579.19-206501398.88
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 13362.62 -12147.08
exchange rate
V. Net increase of cash and cash
-1303078.72-3048417.82
equivalents
Add: Balance of cash and cash
2264388.895312806.71
equivalents at the period -begin
139深圳市深粮控股股份有限公司2022年年度报告全文
VI. Balance of cash and cash
961310.172264388.89
equivalents at the period -end
7. Consolidated Statement of Changes in Owners’ Equity
Current period
Unit: RMB/CNY
2022
Owners’ equity attributable to the parent Company
Other
equity
Othe
instrument Less Tota
r Prov
Per : Reas Min l
Item Sha Capi
com Surp ision Reta
pet Inve onab ority own
re Pre tal preh lus of ined Othe Subt
ual ntor le inter ers’
cap fer reser ensi reser gene profi r otal
cap Ot y reser ests equit
ital red ve ve ve ral t
ital her shar ve y
sto inco risk
sec es
ck me
urit
ies
110.00.00.01250.000.000.004050.00181463666469
I. The ending 52 0 0 0 963 575 254 029 141 690
535965490.17021064.3626
balance of the
256.65421.272.3476.71
previous year 4.0
0
Add: Changes 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
of accounting
policy
Error 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
correction of
the last period
Enterprise 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
combination
under the
same control
0.00.00.00.00.000.000.000.000.000.000.000.000.000.00
Other
0000
110.00.00.01250.000.000.004050.00181463666469
II. The
52000963575254029141690
beginning 535 965 490. 170 210 64.3 626
balance of the 25 6.65 42 1.27 2.34 7 6.71
4.0
current year
0
140深圳市深粮控股股份有限公司2022年年度报告全文
III. Increase/ 0.0 0.0 0.0 0.0 0.00 0.00 0.00 220 340 984 132 289 135
0000301.486123681755578
Decrease in
7074.283.5359.8.03917.
the period 5 2 47 50
(Decrease is
listed with
“-”)
(i) Total 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 420 420 -22 418
0000594594960298
comprehensiv
871.871.03.0868.
e income 27 27 5 22
(ii) Owners’ 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 490 490
0000000000
devoted and
0.000.00
decreased
capital
1.Common 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 490 490
0000000000
shares
0.000.00
invested by
shareholders
2. Capital 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00
0000
invested by
holders of
other equity
instruments
3. Amount 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00
0000
reckoned into
owners equity
with
share-based
payment
0.00.00.00.00.000.000.000.000.00
4. Other
0000
0.00.00.00.00.000.000.000.00340-322-288-11-289
(iii) Profit 0 0 0 0 486 182 133 196 253
distribution 74.2 487. 813. 17.1 430.
57550565
1. Withdrawal 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 340 -34
0000486048
of surplus
74.2674.
reserves 5 25
2. Withdrawal 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
of general
risk
provisions
0.00.00.00.00.000.000.000.000.000.00-288-288-11-289
3.
0000133133196253
141深圳市深粮控股股份有限公司2022年年度报告全文
Distribution 813. 813. 17.1 430.
5050565
for owners (or
shareholders)
0.00.00.00.00.000.000.000.000.000.000.000.000.000.00
4. Other
0000
(iv) Carrying 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
forward
internal
owners’
equity
1. Capital 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
reserves
conversed to
capital (share
capital)
2. Surplus 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
reserves
conversed to
capital (share
capital)
3. Remedying 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
loss with
surplus
reserve
4. Carry-over 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
retained
earnings from
the defined
benefit plans
5. Carry-over 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
retained
earnings from
other
comprehensiv
e income
0.00.00.00.00.000.000.000.000.000.000.000.000.000.00
6. Other
0000
(v) 0.0 0.0 0.0 0.0 0.00 0.00 0.00 220 0.00 0.00 0.00 220 0.00 220
0000301.301.301.
Reasonable
707070
reserve
0.00.00.00.00.000.000.001740.000.000.001740.00174
1. Withdrawal
0000844844844
in the 0.14 0.14 0.14
142深圳市深粮控股股份有限公司2022年年度报告全文
reporting
period
2. Usage in 0.0 0.0 0.0 0.0 0.00 0.00 0.00 152 0.00 0.00 0.00 152 0.00 152
0000813813813
the reporting
8.448.448.44
period
0.00.00.00.00.000.000.000.000.000.000.000.00141141
(vi) Others 0 0 0 0 317 317
8.238.23
110.00.00.01250.000.00220439191476695483
VI. Balance at 52 0 0 0 963 301. 624 095 297 117 248
53596570164.40834622.4518
the end of the
256.65674.791.8104.21
period 4.0
0
Last period
Unit: RMB/CNY
2021
Owners’ equity attributable to the parent Company
Other
equity
instrument
Pe Othe
Less
rpe r Prov Total
: Reas Mino
Sha tua Capi com Surp ision owneItem Reta
Pr Inve onab rity
re l tal preh lus of ined Othe Subt rs’
efe ntor le intere
cap ca reser ensi reser gene profi r otal equit
rre Oth y reser sts
ital pit ve ve ve ral t y
d er shar ve
al inco risk
sto es
sec me
ck
uri
tie
s
1114238216345919994795
I. The ending
522893677535331340245
balance of 535 272 575. 644 199 4.33 404.0
the previous 25 9.36 37 1.03 9.76 9
4.0
year
0
Add:
Changes of
accounting
policy
Error
correction of
the last
143深圳市深粮控股股份有限公司2022年年度报告全文
period
Enterprise
combine
under the
same control
Other
II. The 11 142 382 163 459 1999 4795
522893677535331340245
beginning
535272575.6441994.33404.0
balance of 25 9.36 37 1.03 9.76 9
the current 4.0
year 0
III. Increase/ -163 232 175 349 -133 -983
25307900560129923913
Decrease in
072.15.0260.02.539.967.38
the period 71 5 24 8
(Decrease is
listed with
“-”)
(i) Total 428 428 7590 4363
720720415.1064
comprehensi
226.226.741.83
ve income 09 09
(ii) Owners’ -163 -163 -137 -300
25325307803311
devoted and
072.07298.6171.32
decreased 71 .71
capital
1.Common 2134 2134
88288828
shares.68.68
invested by
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned into
owners
equity with
share-based
payment
-163-163-158-321
4. Other 253 253 4269 6800
072.07227.2900.00
144深圳市深粮控股股份有限公司2022年年度报告全文
71.71
232-253-230-381-234
(iii) Profit 079 714 507 1557 3186
distribution 15.0 965. 050 .09 07.89
585.80
1.232-23
079207
Withdrawal
15.0915.
of surplus 5 05
reserves
2.
Withdrawal
of general
risk
provisions
3.-230-230-381-234
50750715573186
Distribution
050.050.0907.89
for owners 80 .80
(or
shareholders)
4. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3.
Remedying
loss with
surplus
reserve
4. Carry-over
retained
145深圳市深粮控股股份有限公司2022年年度报告全文
earnings
from the
defined
benefit plans
5. Carry-over
retained
earnings
from other
comprehensi
ve income
6. Other
(v)
Reasonable
reserve
1.1281281283
350350502.
Withdrawal
2.972.9797
in the
reporting
period
2. Usage in 128 128 1283
350350502.
the reporting
2.972.9797
period
(vi) Others
1112540518146366614696
IV. Balance 52 963 575 254 029 4164 906
535965490.170210.37266.7
at the end of
256.65421.272.341
the period 4.0
0
8. Statement of Changes in Owners’ Equity (Parent Company)
Current period
Unit: RMB/CNY
2022
Other
equity instrument Other
Capita Less:
Share compr Reaso Surplu RetaiPerp
Item Total l Invent ehensi nable s ned
capit Prefe etual Other owners’
Othe reserv ory ve reserv reserv profi
al rred capit equity
r e shares incom e e t
stock al e
secur
146深圳市深粮控股股份有限公司2022年年度报告全文
ities
I. Ending 1152 0.00 0.00 0.00 3018 0.00 0.00 0.00 13317 295 459896
535106561062.1492465.18
balance of the
254.08.2728580.
previous year 0 63
Add: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Changes of
accounting
policy
Error 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
correction of
the last period
Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
II. The 1152 0.00 0.00 0.00 3018 0.00 0.00 0.00 13317 295 459896
535106561062.1492465.18
beginning
254.08.2728580.
balance of the 0 63
current year
III. Increase/ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 34048 183 523529
674.204229.00
Decrease in
554.7
the period 5
(Decrease is
listed with “-”)
(i) Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 340 340486
486742.50
comprehensive
742.
income 50
(ii) Owners’ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
devoted and
decreased
capital
1.Common 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
shares
invested by
shareholders
2. Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
invested by
holders of
other equity
instruments
3. Amount 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reckoned into
owners equity
with
147深圳市深粮控股股份有限公司2022年年度报告全文
share-based
payment
4. Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.000.000.000.000.000.000.000.0034048-322-288133
(iii) Profit 674.2 182 813.50
distribution 5 487.
75
1. Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 34048 -340 0.00
674.2486
of surplus
574.2
reserves 5
2. Distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -288 -288133
133813.50
for owners (or
813.
shareholders) 50
3. Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iv) Carrying 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
forward
internal
owners’ equity
1. Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reserves
conversed to
capital (share
capital)
2. Surplus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reserves
conversed to
capital (share
capital)
3. Remedying 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
loss with
surplus reserve
4. Carry-over 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
retained
earnings from
the defined
benefit plans
5. Carry-over 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
retained
earnings from
other
comprehensive
income
148深圳市深粮控股股份有限公司2022年年度报告全文
6. Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(v) Reasonable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reserve
1. Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
in the
reporting
period
2. Usage in the 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reporting
period
(vi) Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
IV. Balance at 1152 0.00 0.00 0.00 3018 0.00 0.00 0.00 16721 313 465131
535106569736.4535394.18
the end of the
254.08.2753835.
period 0 38
Last period
Unit: RMB/CNY
2021
Other
equity instrument
Perp Other
Shar Capit Less:
Pref etual compr Surpl
Item Reason Total e al Invent ehensi us Retaine
erre capit able Other owners’
capit Othe reserv ory ve reserv d profit
d al reserve equity
al r e shares incom e
stoc secu e
k ritie
s
I. The ending 115 3018 1099 31678 459739
253106563145396.00365.51
balance of the
52568.277.231
previous year 4.00
Add:
Changes of
accounting
policy
Error
correction of
the last
period
Other
II. The 115 3018 1099 31678 459739
253106563145396.00365.51
beginning
525
149深圳市深粮控股股份有限公司2022年年度报告全文
balance of the 4.00 68.27 7.23 1
current year
III. Increase/ 2320 -21635 157209
7915815.389.67
Decrease in.05
the period
(Decrease is
listed with
“-”)
(i) Total 23207 232079
9150.4150.47
comprehensiv
7
e income
(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 2320 -25371 -230507
79154965.8050.80
distribution.055
1.2320-23207
7915915.05
Withdrawal.05
of surplus
reserves
2.-23050-230507
7050.8050.80
Distribution
0
for owners
(or
150深圳市深粮控股股份有限公司2022年年度报告全文
shareholders)
3. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed 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
comprehensiv
e income
6. Other
(v)
Reasonable
reserve
1.
Withdrawal
in the
reporting
period
151深圳市深粮控股股份有限公司2022年年度报告全文
2. Usage in
the reporting
period
(vi) Others
IV. Balance at 115 3018 1331 29514 459896
253106571069580.62465.18
the end of the
52568.272.283
period 4.00
III. Basic information of Company
1. Company profile
Shenzhen Cereals Holdings Co. Ltd. (formerly the Shenzhen Shenbao Industrial Co. Ltd. hereinafter referred to
as “SZCH” “Company” or “the Company” ) 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.As of December 31 2022 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: general operating items: Purchase and sales of grain and oil grain & oil reserves;
operation and processing of grain & oil products; production of tea tea products tea and natural plant extract
canned foods beverages and native products (business license of the production place shall be separately applied
for); feed management and processing (outsourcing); investment operation and development of grain & oil
logistics feed logistics and tea garden etc.; sales of feed and tea; warehousing services; food circulation services;
modern food supply chain services; technology development and services of grain & oil tea plant products soft
drinks and foods; construction of E-commerce and information IT development and supporting services;
industrial investment (specific items will be declared separately); domestic trade; operating the import and export
business; engaged in real estate development and operation on the lands where the right-to-use has been legally
acquired; development operation leasing and management of the own property; property management; providing
management services to hotels.(items mentioned above which are involved in approval from national laws
administrative regulations and decision of the state council must be submitted for examination and approval
before operation ). Licensed business item: wholesale of prepackaged food (excluding reheating prepackaged food)
(in non-physical way); information service (internet information service only); general freight professional
transportation (refrigeration and preservation).
152深圳市深粮控股股份有限公司2022年年度报告全文
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
The financial statement has been approved by BOD of the company for reporting on April 24 2023.
2. Consolidation scope of financial statementFor more details of change of the consolidation scope in the Period please refer to “Note VIII. Change ofconsolidation scope”
For more details of subsidiaries of the company please refer to “Note IX. Equity in other entities”
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
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 following disclosure content has covered the specific accounting policies and estimates formulated by the
company based on the actual production and operation characteristics. Please refer to “15. Inventory” “24. FixedAssets” and “39. Revenue” in this note for details.
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 December 31 2022 as well as the consolidate and parent company’s
153深圳市深粮控股股份有限公司2022年年度报告全文
operational results and cash flow for year of 2022.
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.
5. Accounting treatment for business combinations under the same control and those not under the same
control
Business combination under the same control: The assets and liabilities the Company acquired in a business
combination shall be measured in accordance with book value of assets liabilities (including the ultimate
controlling party of goodwill acquired by the merging parties and the formation of) stated in combined financial
report of the ultimate controlling party on the merger date. The net book value of assets and the payment of the
merger consideration in the merger book value (or nominal value of shares issued) shall be adjusted in the share
premium of reserve capital. the share premium in capital reserve is not enough for deducting retained earnings .Business combination not under the same control: Combination cost is the fair value of the assets paid the
liabilities incurred or assumed by the purchaser for the acquisition of the control of the purchaser and the equity
securities issued on the purchase date. The difference between the fair value and book value is recognized in profit
or loss. Goodwill is realized by the Company as for the difference between the combination cost and the fair value
of the recognizable net assets of the acquiree acquired by acquirer in such business combination. In case that the
above cost is less than the above fair value even with re-review then the difference shall be recorded in current
gains and losses. Each identifiable assets liabilities and contingent liability of the acquiree acquired in a
combination that qualifies for recognition is measured by fair value at the date of purchase.The directed expenses incurred in the business combination are recorded into current gains/losses; the trading fees
for issuing equity securities or debt securities for the business combination shall be recorded into the initial
confirmation amount of equity securities or debt securities.
154深圳市深粮控股股份有限公司2022年年度报告全文
6. Methods for preparation of consolidated financial statements
6.1 Consolidation scope
The consolidation scope of the consolidated financial statements of the Company is fixed on the basis of control
which includes the Company and all subsidiaries. Control means that the Company has power over the investee
enjoys variable returns through its participation in the investee’s related activities and has the ability to influence
the amount of returns by using the power over the investee.
6.2 Consolidation procedure
The Company regards the entire enterprise group as an accounting entity and prepares consolidated financial
statements in accordance with unified accounting policies to reflect the overall financial status operating results
and cash flow of the enterprise group. The influence of internal transactions between the company and its
subsidiaries and among the subsidiaries shall be offset. If internal transactions indicate that the relevant assets
have suffered impairment losses the partial losses shall be confirmed in full. If the accounting policy and
accounting period adopted by the subsidiary are inconsistent with the Company when preparing the consolidated
financial statements make necessary adjustments in accordance with the Company's accounting policy and
accounting period.Subsidiary's equity current net profits or losses and current comprehensive income belonging to minority
shareholders shall be listed respectively under item of owners’ equity in the consolidated balance sheet item of
net profit in profit sheet and item of total comprehensive income. Current loss minority shareholders of a
subsidiary exceed the minority shareholders in the subsidiary's opening owners' equity share and the formation of
balance offset against minority interests.
1) Increase of subsidiary or business
During the reporting period the merger of the enterprises under the same control results in additional subsidiaries
or business the operation results and cash flow of the subsidiaries or business from beginning to the end of the
reporting shall be included in the consolidated profit statement; also adjust the opening figures of the consolidated
financial statements and the related items in the comparative statements the consolidated reporting body is
considered to have existed since the point when the ultimate controller began to control it.If additional investment and other reasons can lead investee to be controlled under the same control equity
investments made before obtaining controlling right relevant gains and losses and other comprehensive income as
well as other changes in net assets confirmed during the latter date between point obtaining original equity and
combined party and combinee under the same control day to the combined day shall be offset against the retained
earnings or profit or loss of the comparative reporting period.During the reporting period if a subsidiary or business is added due to a business combination not under the same
control it shall be included in the consolidated financial statements on the basis of the fair value of various
155深圳市深粮控股股份有限公司2022年年度报告全文
identifiable assets liabilities and contingent liabilities determined on the purchase date.Equity held from investee before acquisition date shall be measured at fair value of acquisition date if additional
investment and other reasons can lead investee to be controlled under the same control. Difference between the
fair value and the book value is recognized as investment income. Other comprehensive income and other changes
in owner’s equity under the equity method of accounting that can be reclassified to profit or loss at a later date are
transferred to investment income for the period to which they belong at the date of purchase.
2) Disposal of subsidiaries
* General approach
If losing controlling right to investee due to disposal of partial equity the remaining equity after the disposal shall
be re-measured at fair value at the date when control is lost. Price of equity disposal plus fair value of the
remaining equity then subtracting net assets held from the former subsidiary from the acquisition date or
combination date initially measured in accordance with original stake and goodwill the difference shall be
included in investment income of the period losing controlling right. Other comprehensive income and other
changes in owner’s equity under the equity method of accounting related to equity investments in former
subsidiaries that can be reclassified to profit or loss in the future are transferred to investment income in the
current period when control is lost.* Step disposal of subsidiaries
As multiple transactions over disposal of the subsidiary's equity lead to loss of controlling right if the terms of the
transaction situation and economic impact subject to one or above of the following conditions usually it indicates
repeated transactions should be accounted for as a package deal:
i. These transactions are made considering at the same time or in the case of mutual impact;
ii. These transactions only reach a complete business results when as a whole;
iii. A transaction occurs depending on the occurrence of at least one other transaction;
iv. Single transaction is not economical but considered together with other transactions it is economical.If each transaction is a package transaction each transaction is accounted for as a disposal of a subsidiary and loss
of control; before the loss of control the difference between the disposal price and the corresponding net assets of
the subsidiary recognized as other comprehensive income in the consolidated financial statements into current
profit and loss at current period when losing controlling right.If each transactions doesn’t form a package deal equity held from subsidiary shall be accounted in accordance
with relevant rules before losing controlling right while in accordance with general accounting treatment when
losing controlling right.
3) Purchase of a minority stake in subsidiary
Long-term equity investment of the Company for the purchase of minority interests in accordance with the newly
acquired stake in the new calculation shall be entitled to the difference between the net assets from the acquisition
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date (or combination date) initially measured between the consolidated balance sheet adjustment capital balance
of the share premium in the capital reserve share premium insufficient any excess is adjusted to retained earnings.
4) Disposal of equity in subsidiary without losing control
Disposal price and disposal of long-term equity investment due to partial disposal of subsidiaries and long-term
equity investment made between the relative net assets from the purchase date or the date of merger initially
measured at the difference between the subsidiary shall enjoy the consolidated balance sheet adjustment in the
balance of the share premium capital balance of the share premium insufficient any excess is adjusted to retained
earnings.
7. Classification of joint venture arrangement and accounting for joint operations
The joint venture arrangement are divided into joint operations and joint ventures.The joint operation implies a joint venture arrangement in which the joint ventures enjoys the assets and bear the
liabilities associated with the arrangement.The Company recognized the following items related to its shares of interest in the joint operation:
1) Recognition of the assets held separately by the Company and recognition of the jointly held assets based on
the share of the Company;
2) Recognition of the liabilities born by the Company individually and liabilities born jointly in proportion to
the shares;
3) Recognition of revenue from the sales of the shares of common operating output;
4) Recognition of the revenue from joint operation arising from the sale of the output at the shares;
5) Recognition of the separately incurred costs and recognition of the expenses incurred in joint operations
based on the shares;Investment in joint venture is measured with equity method. For more details please refer to “Note V(22)Long-term equity investment”
8. 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.
9. Foreign currency business and conversion of foreign currency statement
9.1 Foreign currency business
The foreign currency business uses the spot exchange rate (or: using an exchange rate determined in accordance
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with a systematic and reasonable method that approximates the spot rate on the date of the transaction. Tip: if the
method is used what method and what caliber should be specified) on the transaction date as the conversion rate to
convert the foreign currency amount into RMB.The balance of foreign currency monetary items on the balance sheet date is converted at the spot exchange rate on
the balance sheet date. The resulting exchange differences except that the balance of exchange generated from the
foreign currency special borrowings related to the assets whose acquisition and construction are eligible for
capitalization is disposed in accordance with the principle of borrowing costs capitalization are included in the
current profit and loss.
9.2 Conversion of foreign currency financial statements
Assets and liabilities in the balance sheet are converted at the spot exchange rate on the balance sheet date; except
for the “undistributed profit” item other items of the owner's equity items are converted at the spot exchange rate at
the time of occurrence. Income and expense items in the income statement are converted at the spot exchange rate
(or: using an exchange rate determined in accordance with a systematic and reasonable method that approximates
the spot rate on the date of the transaction. Tip: if the method is used what method and what caliber should be
specified)on the transaction date.When disposing an overseas operation the translation difference of the foreign currency financial statements related
to the overseas operation is transferred from the owner's equity items to the disposal of the current profit and loss.
10. Financial instruments
The Company recognizes a financial assets financial liabilities or equity instrument when it becomes a party to a
financial instrument contract.
10.1 Categories of financial instruments
According to the business model of managing financial assets and the contractual cash flow characteristics of
financial assets at initial recognition the Company classifies the financial assets into the financial assets
measured at amortized cost the financial assets(debt instrument) 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 gain or loss.The Company classifies the financial assets that meet the following conditions and are not designated to be
measured at fair value and whose changes are recorded into the current gain/losses as financial assets measured at
amortized cost:
－ the business mode is aimed at collecting contractual cash flows;
－ contractual cash flows represent only payments of principal and interest based on the outstanding principal
amount.
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The Company classifies the financial assets (debt instruments) that meet the following conditions and are not
specified as measured at fair value and whose changes are recorded into the current gain/losses as financial assets
(debt instruments) measured at fair value and whose changes are recorded into other comprehensive income:
－ the business model is aimed at both the collection of contractual cash flows and the sales of the financial
assets;
－ contractual cash flows represent only payments of principal and interest based on the outstanding principal
amount.For non-trading equity instrument investment the Company determines whether it is designated as a financial asset
(equity instrument) measured at fair value and whose changes are included in other comprehensive income at the
initial recognition. The designation is made on a single investment basis and the related investment meet the
definition of an equity instrument from an issuer’s perspective.Except for the above-mentioned financial assets measured at amortized cost and at fair value with changes
included in other comprehensive income the Company classifies all other financial assets as financial assets
measured at fair value and with changes included in current profits and losses. At the time of initial recognition if
accounting mismatches can be eliminated or significantly reduced the Company can irrevocably designate the
financial assets that should be classified as financial assets measured at amortized cost or measured at fair value
and whose changes are included in other comprehensive income as the financial assets measured at fair value and
whose changes are included in the current profit and loss.In the initial recognition financial liabilities are classified as the financial liabilities measured at fair value and
whose changes are included in current profit and loss and the financial liabilities measured at amortized cost.Financial liabilities that meet one of the following conditions can be designated as financial liabilities measured at
fair value and whose changes are included in current profit and loss in the initial measurement:
1) The designation can eliminate or significantly reduce accounting mismatches.
2) According to the enterprise risk management or investment strategy specified in the official written document
manage and make performance evaluation of the financial liability portfolio or financial assets and financial
liability portfolio based on fair value and report to the key management personnel based on this.
3) The financial liability includes embedded derivatives that need to be separately split.
10.2 Recognition and measurement for financial instrument
1) Financial assets measured by amortized cost
Financial assets measured by amortized cost include notes receivable accounts receivable other receivables
long-term receivables and debt investment which are initially measured by fair value and related transaction costs
are included in the initial recognition amount. The accounts receivable not including major financing components
and the accounts receivable that the Company decides not to consider the financing component of not more than one
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year are initially measured at the contract transaction price.Interest calculated by the effective interest method during the holding period is included in the current profit and
loss.When recovering or disposing the difference between the price obtained and the book value of the financial asset is
included in the current profit and loss.
2) Financial assets (debt instruments) measured by fair value and whose changes are included in other
comprehensive income
Financial assets (debt instruments) measured by fair value and whose changes are included in other comprehensive
income including receivables financing other debt investment etc. are initially measured by fair value and related
transaction expenses are included in the initial recognition amount. The financial assets are subsequently measured
by fair value and the changes in fair value are included in other comprehensive income except for interest
impairment losses or gains and exchange gains and losses calculated by using the effective interest method.When a financial asset is derecognized the accumulated gain or loss previously included in other comprehensive
income is transferred from other comprehensive income and included in current profit and loss.
3) Financial assets (equity instruments) measured by fair value and whose changes are included in other
comprehensive income
Financial assets (equity instruments) measured by fair value and whose changes are included in other
comprehensive income including other equity instruments etc. are initially measured by fair value and related
transaction expenses are included in the initially recognized amount. The financial assets are subsequently measured
by fair value and changes in fair value are included in other comprehensive income. The dividends obtained are
included in the current profits and losses.When a financial asset is terminated for recognition the accumulated gain or loss previously included in other
comprehensive income is transferred from other comprehensive income and included in retained earnings.
4) Financial assets measured by fair value and whose changes are included in current profit and loss
Financial assets measured by fair value and whose changes are included in current profit and loss including
tradable financial assets derivative financial assets and other non-current financial assets etc. are initially
measured by fair value and related transaction expenses are included in the initial recognition amount. The
financial assets are subsequently measured by fair value and changes in fair value are recognized in current profit
and loss.
5) Financial liabilities measured by fair value and whose changes are included in current profit and loss
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Financial liabilities measured by fair value and whose changes are included in current profit and loss including
transaction financial liabilities derivative financial liabilities etc. are initially measured by fair value and related
transaction expenses are included in current profit and loss. The financial liabilities are subsequently measured by
fair value and changes in fair value are included in current profit and loss.When a financial liability is terminated for recognition the difference between book value and the consideration
paid shall be recorded into the current profit and loss.
6) Financial liabilities measured by amortized cost
Financial liabilities measured by amortized cost including short-term borrowings bills payable accounts payable
other payable long-term borrowings bonds payable and long-term payable are initially measured by fair value
and related transaction expenses are included in the initial recognition amount.Interest calculated by the effective interest method during the holding period is included in the current profit and
loss.When a financial liability is terminated for recognition the difference between the consideration paid and the book
value of the financial liability is included in current profit and loss.
10.3 Termination of recognition and transfer of financial assets
If one of the following conditions is satisfied the Company shall terminate the recognition of financial assets:
－ the contractual rights to receive cash flows from financial assets terminates;
－ the financial asset has been transferred and virtually all the risks and rewards of the ownership of the financial
asset have been transferred to the transferee;
－ the financial assets have been transferred. Although the company has neither transferred nor retained nearly all
the risks and rewards of ownership of the financial assets it has not retained control of the financial assets
When transfer of financial assets occurs if substantially all the risks and rewards of ownership of the financial
asset are retained the recognition of the financial asset shall not be terminated.When judging whether or not the aforesaid terminal recognition condition for financial assets is arrived at for
transfer of financial assets the Company generally adopts the principle that substance over weighs format.The Company divides such transfer into entire transfer and partial transfer. As for the entire transfer meeting
condition for discontinued recognition balance between the following two items is recorded in current gains and
losses:
1) Carrying value of financial assets in transfer;
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2) Aggregate of the consideration received from transfer and accumulative movements of fair value originally
recorded in owners’ equity directly (applicable for the financial assets (debt instrument) measured by fair
value and whose changes are recorded into other comprehensive income)
As for the partial transfer meeting condition for discontinued recognition entire carrying value of financial assets
in transfer is shared by discontinued recognition part and continued recognition part in light of their respective
fair value. Balance between the following two items is recorded in current gains and losses:
1) Carrying value of discontinued recognition part;
2) Aggregate of the consideration of discontinued recognition part and amount of such part attributable to
accumulative movements of fair value originally recorded in owners’ equity directly (applicable when
financial assets involved in transfer belong to financial assets (debt instrument) measured by fair value and
whose changes are included in other comprehensive income).Financial assets are still subject to recognition if transfer of such assets doesn’t satisfy the condition for
discontinued recognition. And consideration received is recognized as financial liability.
10.4 Terminating the recognition of financial liability
As for the financial liabilities with its whole or partial present obligations released the company shall terminate
the recognition for such financial liabilities or part of it. If the company enters into agreement with its creditor to
substitute for the existing financial liabilities by means of assuming new financial liabilities the company shall
terminate the recognition for the existing financial liabilities and recognize the new financial liabilities provided
that the contract clauses of the new and the existing financial liabilities are different in substance.If the company makes substantial amendment to the whole or partial contract clauses of the existing financial
liabilities it shall terminate the recognition for the existing financial liabilities or part of it. Meanwhile the
financial liabilities with amendment to its clauses shall be realized as new financial liabilities.In case of terminating the recognition of financial liabilities in whole or part the difference between the carrying
value of such financial liabilities and consideration paid (including the non-cash assets exchanged or new
financial liabilities assumed) shall be recorded in current gains and losses.In case that the company repurchases part of financial liabilities based on the comparative fair value of the
continuing recognition part and the derecognizing part the company shall allocate the carrying value of the
financial liabilities in whole on the repurchase date. Difference between the carrying value allocated to the
derecognizing part and the consideration paid (including the non-cash assets exchanged or new financial liabilities
assumed) shall be recorded in current gains and losses.
10.5 Recognition method for fair value of financial assets and financial liabilities
As for the financial instrument with an active market the fair value is determined by the offer of the active market;
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in case there is no active market for a financial instrument the valuation techniques will be used to determine its
fair value. At the time of valuation the Company adopts applicable valuation techniques in the present case for
which there is enough available data and other information technology to support valuation chooses input values
that are consistent with the asset or liability characteristics considered by market participants in the transaction of
related assets or liabilities and prioritizes the use of relevant observable input values. Where relevant observable
inputs can not get or do not get as far as practicable the use of un-observable inputs.
10.6 Testing of the financial assets impairment and accounting treatment
The Company estimates the expected credit losses of financial assets measured by amortized cost financial assets
(debt instruments) measured at fair value and whose changes are included in other comprehensive income and
financial guarantee contracts in a single or combined way.The Company considers reasonable and well-founded information about past events current conditions and
forecasts of future economic conditions and uses the risk of default as the weight to calculate the
probability-weighted amount of the present value of the difference between the cash flow receivable from the
contract and the cash flow expected to be received to confirm the expected credit loss.If the credit risk of the financial instrument has risen significantly since the initial recognition the Company
measures its loss provision based on the amount equivalent to the expected credit losses for the entire duration of the
financial instrument; if the credit risk of the financial instrument has not risen significantly since the initial
recognition the Company measures its loss provision based on the amount equivalent to the expected credit losses
of the financial instrument in the next 12 months. The increase or reversal amount of the resulting loss provision is
included in the current profit and loss as an impairment loss or gain.The Company compares the risk of default on the balance sheet date of financial instruments with the risk of
default on the date of initial recognition to determine the relative change in the risk of default during the expected
life of the financial instrument so as to assess whether the credit risk of the financial instrument has increased
significantly since the initial recognition. Usually if it is overdue for more than 30 days the Company shall believe
that the credit risk of the financial instrument has increased significantly unless there is conclusive evidence that the
credit risk of the financial instrument has not increased significantly since the initial recognition.If the financial instrument’s credit risk at the balance sheet date is low the Company shall believe that the credit risk
of the financial instrument has not increased significantly since the initial recognition.If there is objective evidence that a financial asset has suffered credit impairment the Company shall make
provision for impairment of the financial asset on a single basis.Regarding the accounts receivable and contract assets formed from transactions regulated by the “Accounting
163深圳市深粮控股股份有限公司2022年年度报告全文Standards for Business Enterprises No. 14-Revenue” (2017) regardless of whether it contains a significant
financing component the Company always measure its loss reserves at the amount equivalent to the expected
credit loss during the entire duration.For lease receivables the Company always chooses to measure its loss reserves at an amount equivalent to
expected credit losses during the entire duration.If the Company no longer reasonably expects whether the contractual cash flow of a financial asset can be
recovered in whole or in part it will directly write down the book balance of the financial asset.
11. Note receivable
12. Account receivable
13. Receivable financing
14. Other account receivable
15. Inventory
15.1 Classification and costs of inventory
Inventory includes raw materials revolving material goods in process goods in transit and work in
process-outsourced and so on.Inventory is initially measured at cost which includes the costs of purchase processing costs and other
expenditures incurred in bringing the inventories to their present location and condition.
15.2 Valuation methods for delivery of inventory
The weighted average or individual valuation method is used when the inventory is issued according to the nature
of the business.
15.3 Recognition standards of the net realizable value for inventory
On the balance sheet date inventories shall be measured at the lower of cost and net realizable value. When the
cost of inventories is higher than its net realizable value make provisions for inventory write-down. The net
realizable value refers to the amount of the estimated selling price of the inventory minus the estimated cost
estimated selling expenses and related taxes and fees at the time of completion in daily activities.The net realizable value of inventory products and materials for sale in normal business production is
measured as the residual value after deducting the estimated sales expense and related taxes and fees from
the estimated selling price; the net realizable value of an item of inventories subject to further processing
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in normal business production is measured as the residual value after deducting the sum of the estimated
costs of completion sales expense and related taxes and fees from the estimated selling price of the
for-sale item. The net realizable value of the quantity of inventories held to satisfy firm sales or service
contracts is based on the contract price. If the sales contracts are for less than the inventory quantities held
the net realizable value of the excess is based on general selling prices.After making provisions for inventory write-down if the factors that previously affected the write-down of the
inventory value have disappeared causing the net realizable value of the inventory to be higher than its book
value it shall be reversed within the amount of the inventory write-down that has been withdrawn and the
reversed amount is included in the current profit and loss.
15.4 Inventory system
Inventory system is the perpetual inventory system.
15.5 Amortization of low-value consumables and packaging materials
1. Low-value consumables adopts the method of primary resale;
2. Wrappage adopts the method of primary resale.
16. Contract asset
16.1 Methods and criteria for recognition of a contract asset
The Company lists contract assets or contract liabilities in the balance sheet based on the relationship between
performance obligations and customer payments. The Company lists the right (and the right depends on other
factors other than the passage of time) to receive consideration for the transfer of goods or services to customers
as contract assets. Contract assets and contract liabilities under the same contract are presented in net amount. The
Company’s unconditional (only depending on the passage of time) right to collect consideration from customers
are separately listed as receivables.
16.2 Determination method and accounting treatment method of expected credit loss of contract assets
Found more in the 10.6 Testing of the financial assets impairment and accounting treatment carried under V(10)
Financial instrument
17. Contract cost
18. Assets held for sale
If the book value of a non-current asset or disposal group is mainly recovered through sale (including the
exchange of non monetary assets with commercial substance) rather than continuous use it is classified as held
165深圳市深粮控股股份有限公司2022年年度报告全文
for sale.The Company classifies non-current assets or disposal groups that meet the following conditions as held for sale
categories:
(1) According to the convention of selling such assets or disposal groups in similar transactions they can be
immediately sold under current conditions;
(2) The sale is highly likely to occur as the company has already made a decision on a sale plan and obtained a
confirmed purchase commitment and it is expected that the sale will be completed within one year. The
relevant regulations require approval from the relevant authority or regulatory department of the company
before sale and approval has been obtained.If the book value of non-current assets (excluding financial assets deferred income tax assets and assets formed
by employee compensation) or disposal groups held for sale is higher than the net amount of fair value minus
selling expenses the book value shall be written down to the net amount of fair value minus selling expenses. The
written down amount shall be recognized as asset impairment loss and included in the current profit and loss and
a provision for impairment of held for sale assets shall be made.
19. Creditors’ investment
20. Other creditors’ investment
21. Long-term account receivable
22. Long-term equity investment
22.1 Criteria for judgment of the common control and significant influence
Common control refers to the control that is common to an arrangement in accordance with the relevant
agreement and the relevant activities of the arrangement must be agreed upon by the participants sharing the
control rights before making a decision. Where the Company and other joint venture parties jointly control the
invested entity and have rights to the net assets of the invested entity the invested entity is the joint venture of the
Company.Significant influence refers to the right to participate in making decisions relating to the financial and operational
policies of an enterprise while not able to control or jointly control (with others) establishment of these policies.If the Company has significant influence on the invested enterprises than such invested enterprises shall be the
joint venture of the Company.
22.2 Determination of initial investment cost
1. Long-term equity investment formed by business combination
For a long-term equity investment in a subsidiary formed by a business combination under the same control the
initial investment cost of the long-term equity investment is based on the share of the book value of the owner’s
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equity of the combined party obtained in the consolidated financial statements of the ultimate controlling party on
the combining date. The difference between the initial investment cost of long-term equity investment and the book
value of the consideration paid shall be used to adjust the equity premium in the capital reserve; when the equity
premium in the capital reserve is insufficient to offset adjust the retained earnings. If it is possible to exercise
control over an investee under the same control due to additional investment etc. adjust the equity premium
based on the difference between the initial investment cost of the long-term equity investment confirmed in
accordance with the above principles and the book value of the long-term equity investment before the
combination plus the sum of the book value of the new valuable consideration for the shares obtained on the
combining date if the equity premium is not enough to offset offset the retained earnings.For long-term equity investment in a subsidiaries formed by business combination not under the same control the
initial investment cost is based on the cost of the combination determined at the date of purchase. If it is possible
to exercise control over an investee not under the same control due to additional investment the sum of book
value of the equity investment originally held plus the cost of the additional investment is used as the initial
investment cost.
2. Long-term equity investment required by means other than business combination
For long-term equity investments obtained through payment with cash then the actual payment shall be viewed as
initial investment cost.For long-term equity investments obtained through issuance of equity securities the fair value of such securities
shall be viewed as initial investment cost
22.3 Subsequent measurement and recognition of gains and losses
1. Long-term equity investment measured by cost
The long-term equity investment in subsidiary shall be measured by cost unless such investment satisfies
conditions for held-for sale. Other than payment actually paid for obtaining investment or cash dividend or profit
included in consideration which has been declared while not granted yet the Company recognizes investment
income according to its share in the cash dividend or profit declared for grant by the invested unit.
2. Long-term equity investment measured by equity
The Company calculates long term equity investment in associates and joint ventures under equity method. Where
the initial investment cost of a long-term equity investment exceeds the Group’s share of the fair value of the
investee’s identifiable net assets at the time of acquisition no adjustment is made to the initial investment cost.Where the initial investment cost is less than the Group’s share of the fair value of the investee’s identifiable net
assets at the time of acquisition the difference is recognized in profit or loss for the period. And adjusted the costs
of long-term equity investment at the same time.
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Return on investments and other comprehensive income is recognized respectively by shares of net gains and
losses realized by the invested company and other comprehensive income and book value of such investment is
adjusted accordingly. Profit or cash dividends pro rata distributed by the invested company are to minus book
value of the relative long-term investment. Book value of long-term investment is adjusted when changes occur
other than net gains and losses other comprehensive income and profit distribution of the invested company
(abbreviated as other changes of owners’ equity) and is to report in owners’ equity accordingly.When confirming the share of the net profit and loss other comprehensive income and other owner’s equity
changes that should be enjoyed by the investee adjust the net profit and other comprehensive income of the
investee based on the fair value of the investee’s identifiable net assets at the time when the investment is obtained
and in accordance with the company’s accounting policies and accounting period before confirmation.The un-realized transaction gains/losses attributable to investment enterprise internally occurred between the
Company affiliated units and joint-ventures should calculated by proportion of shares-holding which should be
offset than recognized investment gains/losses(except where the assets invested or sold constitute a business). If
the unrealized internal transaction losses with the investee are assets impairment losses they will be fully
recognized.In addition to assuming obligations for additional losses the company’s net losses to joint ventures or associated
enterprise are limited to the book value of long-term equity investments and other long-term equity that actually
constitutes net investment in joint ventures or associates write down to zero. If a joint venture or an associated
enterprise realizes net profits in the future the company resumes recognizing its share of profits after the share of
profits makes up for the share of unrecognized losses.
3. Disposal of long-term equity investment
Difference between carrying value and actual acquisition price in respect of disposal of long term equity
investment shall be included in current period gains and losses.Long-term equity investment accounted for by equity method
For long-term equity investments accounted for by partial disposition equity method the remaining equity is still
accounted for by the equity method the other comprehensive income recognized by the original equity method
shall be carried forward in a corresponding proportion on the same basis as the direct disposal of related assets or
liabilities by the investee other changes in owner's equity are carried forward to the current profit and loss on a
pro rata basis.If the joint control or significant influence on the investee is lost due to the disposal of equity investment for the
other comprehensive income recognized by the original equity investment due to the adoption of the equity
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method use the same basis as the investee to directly dispose of related assets or liabilities for accounting
treatment when terminating the adoption of the equity method the same basis as the direct disposal of related
assets or liabilities by the investee is used for accounting treatment all other changes in owner's equity are
transferred to the current profit and loss when terminating the adoption of the equity method.If the control of the investee is lost due to the disposal of part of the equity investment and the remaining equity
can exercise joint control or exert significant influence on the investee when preparing individual financial
statements the equity method shall be used for accounting and the remaining equity shall be deemed to be
accounted for by the equity method for adjustment since the acquisition and the other comprehensive income
recognized before obtaining the control of the investee is carried forward on the same basis as the direct disposal
of related assets or liabilities by the investee in proportion changes in other owners’ equity confirmed by the
equity method are carried forward to the current profit and loss on a pro rata basis; if the remaining equity cannot
exercise joint control or exert significant influence on the investee it shall be recognized as a financial asset and
the difference between its fair value and book value on the day when the control is lost is included in the current
profit and loss and all other comprehensive income and other owner's equity changes recognized before obtaining
the control of the investee are carried forward.If the equity investment in a subsidiary is disposed of through multiple transactions until it loses control and it is
a package transaction each transaction shall be accounted for as a transaction that disposes of the equity
investment of the subsidiary and loses control. The difference between the cost of each disposal before the loss of
control and the book value of the long-term equity investment corresponding to the equity being disposed of is
first recognized as other comprehensive income in individual financial statements and then transferred to the
current profit and loss of the loss of control when the control is lost. If it is not a package transaction each
transaction shall be accounted for separately.
23. Investment real estate
Measurement
Measured by cost
Depreciation or amortization method
Investment real estate is defined as the real estate with the purpose to earn rent or capital appreciation or both
including the rented land use rights and the land use rights which are held and prepared for transfer after
appreciation the rented buildings (including the buildings for rent after completion of self-construction or
development activities and the buildings under construction or development for future lease).Subsequent expenditures related to investment real estate are included in the cost of investment real estate when it
is probable that the related economic benefits will flow and the cost can be measured; otherwise charged to
current gain/loss as incurred.
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Current investment real estate of the Company are measured by cost. As for the investment real estate-rental
building measured by cost the depreciation policy is same as the fixed assets of the Company the land use right
for rental has the same amortization policy as intangible assets.
24. Fix assets
(1) Recognition
Fixed assets is defined as the tangible assets which are held for the purpose of producing goods providing
services lease or for operation & management and have more than one year of service life. Fixed assets should be
recognized for qualified the followed conditions at the same time:
1) It is probable that the economic benefits associated with the assets will flow into the Company;
2) The cost of the assets can be measured reliably.
Fixed assets are initially measured at cost (and considering the impact of expected abandonment cost factors).Subsequent expenditures related to fixed assets are included in the cost of fixed assets when the related economic
benefits are likely to flow in and their costs can be reliably measured; the book value of the replaced part is
derecognized; all other subsequent expenditures are included in the current profit and loss when incurred.
(2)Depreciation methods
The depreciation of fixed assets is classified and withdrawn using the straight-line method and the depreciation
rate is determined based on the category of fixed assets expected service life and expected net residual value rate.For fixed assets with the provision for impairment the depreciation amount will be determined in the future based
on the carrying amount after deduction of the provision for impairment and remaining useful life. Where
individual component parts of an item of fixed asset have different useful lives or provide benefits to the
enterprise in different manners thus necessitating use of different depreciation rates or methods the depreciation
of the fixed asset is respectively provided.Depreciation methods periods residual value rate and annual depreciation rates of fixes assets are as follows
Years of Scrap value Yearly depreciation
Category Method
depreciation rate rate
Straight-line
House and buildings
depreciation
Straight-line
Production buildings 20-35 5.00 2.71-4.75
depreciation
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Straight-line
Non-production buildings 20-40 5.00 2.38-4.75
depreciation
Temporary dormitory and simple room Straight-line
5-155.006.33-19.00
etc. depreciation
Straight-line
Gas storage bin 20 5.00 4.75
depreciation
Straight-line
Silo 50 5.00 1.90
depreciation
Straight-line
Wharf and supporting facilities 50 5.00 1.90
depreciation
Straight-line
Machinery equipment
depreciation
Straight-line
Other machinery equipment 10-20 5.00 4.75-9.50
depreciation
Straight-line
Warehouse transmission equipment 20 5.00 4.75
depreciation
Straight-line
Transport equipment 3-10 5.00 9.50-31.67
depreciation
Straight-line
Electronic equipment and others 2-10 5.00 9.50-47.50
depreciation
(3) Recognition measurement and depreciation of fixed assets held under finance lease
25. Construction in progress
Construction in progress is measured at the actual cost incurred. The actual cost includes construction cost
installation cost borrowing costs that meet the capitalization conditions and other necessary expenditures
incurred before the construction in progress reaches its intended usable state. When the construction in progress
reaches the intended usable state it will be transferred to fixed assets and depreciation will be accrued from the
next month.
26. Borrowing expenses
26.1 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. Assets satisfying the
171深圳市深粮控股股份有限公司2022年年度报告全文
conditions of capitalization refer to fixed assets investment real estate inventories and other assets which
take a long period of time to purchase construct or manufacturing before becoming usable.
26.2 Period of capitalization
The capitalization period refers to the period from the time when the capitalization of borrowing costs starts to the
time when the capitalization stops excluding the period when the capitalization of borrowing costs is suspended.The borrowing expense shall be capitalized in case all the following conditions are satisfied at same time:
(1) Assets expense occurred and paid as expenses in way of cash non-cash assets transfer or debt with interest
taken for purchasing constructing or manufacturing assets that complying with capitalizing condition;
(2) Borrowing expenses have occurred;
(3) Necessary activities occurred for reaching predicted usable statues or sale-able status for assets purchased
constructed or manufactured.If purchasing construction or manufacturing process of an asset satisfying the conditions of capitalization
reached its predicted usable status or sale-able status capitalization suspended for borrowing expenses.
26.3 Period of capitalization suspension
If purchasing construction or manufacturing process of an asset satisfying the conditions of capitalization is
suspended abnormally for over 3 months capitalizing of borrowing expenses shall be suspended; the suspended
assets that satisfy the conditions of capitalization meet the necessary procedure of reaching predicted usable status
or for-sale status capitalizing of borrowing expenses shall be resumed. The borrowing expenses occurred during
the period of capitalization suspension shall reckon into current gains and losses until the purchasing construction
or manufacturing process is resumed for capitalizing.
26.4 Capitalization rate of the borrowing expense measurement of the capitalized amount
As for the special loans borrowed for the purchase construction or production of assets eligible for capitalization
the borrowing costs are capitalized by deducting the actual borrowing costs incurred in current period of special
borrowing the interest income earned by borrowing funds that have not ye been used deposited in the bank or the
investment income obtained from the temporary investment.For the general borrowings used for the acquisition construction or production of assets eligible for capitalization
the amount of borrowing costs that should be capitalized for general borrowings is calculated and determined
according to the weighted average of the asset expenditures of accumulated asset expenditures over the special
borrowings multiplying by the capitalization rate of the occupied general borrowings. The capitalization rate is
determined based on the weighted average interest rate of general borrowings.During the capitalization period the exchange difference of the principal and interest of the specialized foreign
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currency borrowing is capitalized and included in the cost of the assets that meet the capitalization conditions.Exchange differences arising from the principal and interest of foreign currency borrowings other than specialized
foreign currency borrowing are included in the current profits and losses.
27. Biological assets
(1) The Company’s biological assets are productive biological assets which are classified into productive
biological assets consumptive biological assets and biological assets for commonweal according to the
purpose of holding and the way in which economic benefits are realized.
(2) Biological assets are initially measured at cost.
(3) The necessary expenditures incurred by productive biological assets before reaching the intended production
and operation purposes constitute the cost of productive biological assets. Subsequent expenditures incurred
after achieving the intended production purposes shall be included in the current profit and loss.
(4) The necessary expenditures for consumptive biological assets before closure constitute the cost of
consumptive biological assets and subsequent expenditures incurred after closure are included in the current
profit and loss. The consumptive biological assets are carried at cost when harvested using the proportional
method of accumulation.
(5) The Company’s biological assets are mainly tea trees. The company’s productive biological assets that
achieve the intended production and operation purposes are depreciated according to the average service life
method and the service life is determined as the remaining period of land use after deducting the immature
tea tree period (5 years) the residual value rate is 5%. At the end of each year the company reviews the
service life expected net residual value and depreciation methods. If the service life and expected net output
value are different from the original estimate or there is a significant change in the realization of economic
benefits it will be used as an accounting estimate change to adjust the service life or estimated net output
value or change the depreciation method.
(6) Biological assets for commonweal refer to biological assets whose main purpose is protection and
environmental protection including wind-breaking and sand-fixing forests soil and water conservation
forests and water conservation forests.The cost of self-constructed biological assets for commonweal shall be determined in accordance with the
necessary expenditures such as cost of planting tending fees forest protection fees forest culture and
management facility fees improved seed experiment fees survey design fees and indirect costs that should
be apportioned before the closure including borrowing costs that meet the conditions for capitalization.Biological assets for commonweal are subsequently measured at cost. There is no need to withdraw the asset
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impairment reserve for biological assets for commonweal.
(7) The balance of the disposal consideration from the sale inventory loss death or damage of biological assets
after deducting the book value and relevant taxes shall be included in the current profit and loss.
28. Oil and gas assets
29. Right-of-use assets
30. Intangible assets
(1) Measurement use of life and impairment testing
Measurement
(1)Initial measurement is made at cost when the Company acquires intangible assets;
For those intangible assets purchased from outside the purchase value relevant taxes and other payments
attributable to predicted purpose obtained should recognized as cost for this assets.
(2)Subsequent measurement
The service life of an intangible asset shall be analyzed and judged when they are acquired.Those intangible assets with limited useful life are evenly amortized on straight basis from the date when they
become usable to the end of expected useful life; Intangible assets for which it is impossible to predict the
term during which the assets can bring in economic benefits are viewed as intangible assets with indefinite life
without amortization.Estimation of the service life of intangible assets with limited service life
Amortization Residual value
Item Predicted useful life Basis
method rate
Land use right Amortized the actual rest of life after certificate Straight-line 0.00% Certificate of land use
of land use right obtained method right
Forest tree use Service life arranged Straight-line 0.00% Protocol agreement
right method
Trademark use 10 years Straight-line 0.00% Actual situation of the
right method Company
Shop management Service life arranged Straight-line 0.00% Protocol agreement
right method
Software use right 5-8 years Straight-line 0.00% Protocol agreement
method
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Patents and others 20 years Straight-line 0.00% Actual situation of the
method Company
Judgment basis on intangible assets with uncertain service life and review procedures for the service life
Intangible assets for which it is impossible to predict the term during which the assets can bring in economic
benefits are viewed as intangible assets with indefinite life. Intangible assets with indefinite life are not
amortized during the holding period and useful life is re-reviewed at the end of each accounting period. In
case that it is still determined as indefinite after such re-review then impairment test will be conducted
continuously in every accounting period.
(2)Accounting policy of the internal R&D expenditure
Specific criteria for dividing research and development stages
The expenditure for internal R&D is divided into research expenditure and development expenditure.Research stage: The stage of creative and planned research activities to acquire and understand new scientific or
technological knowledge etc
Development stage: stage of the activities that produced new or material advance materials devices and products
that by research results or other knowledge adoption in certain plan or design before the commercial production or
usage.Specific conditions for capitalization of expenditure during the development phase
Expenditures in the research phase are included in the current profit and loss when they occur. Expenditures in the
development phase that meet the following conditions at the same time are recognized as intangible assets and
expenditures in the development phase that cannot meet the following conditions are included in the current profit
and loss:
(1) Owes feasibility in technology and completed the intangible assets for useful or for sale;
(2) Owes the intention for completed the intangible assets and for sale purpose;
(3) Way of profit generated including: show evidence that the products generated from the intangible assets owes
a market or owes a market for itself; if the intangible assets will use internally than show evidence of useful-ness;
(4) Possess sufficient technique financial resources and other resources for the development of kind of intangible
assets and has the ability for used or for sale;
(5)The expenditure attributable to the exploitation stage for intangible assets could be measured reliably.
If it is not possible to distinguish between research stage expenditures and development stage expenditures all
research and development expenditures incurred are charged to current gain/loss.
31. Impairment of long term assets
The long-term assets as long-term equity investments investment real estate measured at cost fixed assets
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construction in progress right-of-use assets intangible assets with certain service life and oil & gas assets are
tested for impairment if there is any indication that an asset may be impaired at the balance date. If the result of
the impairment test indicates that the recoverable amount of the asset is less than its carrying amount the
provision for impairment and impairment loss shall be recognized for the amount by which the asset’s carrying
amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to
sell and the present value of the future cash flows expected to be derived from the asset. Provision for asset
impairment is determined and recognized on the individual asset basis. If it is not possible to estimate the
recoverable amount of an individual asset the recoverable amount of a group of assets to which the asset belongs
is determined. A group of assets is the smallest group of assets that is able to generate independent cash inflows.For goodwill formed by business combination intangible assets with uncertain service life and intangible assets
that have not yet reached the usable state regardless of whether there are signs of impairment impairment test
shall be carried out at least at the end of each year.When the Company conducts the goodwill impairment test the book value of goodwill formed by business
combination is apportioned to the relevant asset group according to reasonable methods from the date of purchase; if
it is difficult to apportion it to the relevant asset group apportion it to the relevant asset group portfolio. Relevant
asset group or assets portfolio is the asset group or combination of assets group that can benefit from the synergies
of the enterprise merger.When conducting impairment test for relevant asset group with inclusion of goodwill in case that there is
indication of impairment for such asset group impairment test would be firstly conducted in respect of the asset
groups without inclusion of goodwill. Then it shall calculate the recoverable amount and determine the
corresponding impairment loss as compared to its carrying value. Then conduct an impairment test on the asset
group or asset group portfolios containing goodwill and compare their book value with the recoverable amount. If
the recoverable amount is lower than the book value the amount of impairment loss first deducts the book value
of the goodwill allocated to the asset group or asset group portfolio and then deducts the book value of the other
assets in proportion according to the proportion of the book value of the other assets other than goodwill in the
asset group or asset group portfolio. Once recognized asset impairment loss would not be reversed in future
accounting period.
32. Long term prepaid expense
Long term prepaid expense represents the expense which the Company has occurred and shall be amortized in the
current and later periods with amortization period exceeding one year. Long-term prepaid expenses of the
Company includes expenditures on improvement of investment real estate decoration fee and expenditure for
fixed assets improvement etc. Long term prepaid expense is amortized during the beneficial period under straight
line method.
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33. Contract liabilities
The Company lists contract assets or contract liabilities in the balance sheet based on the relationship between
performance obligations and customer payments. The Company’s obligation to transfer goods or provide services
to customers for consideration received or receivable from customers is listed as contract liabilities. Contract
assets and contract liabilities under the same contract are presented in net amount.
34. Staff remuneration
(1)Accounting treatment of short term remuneration
In the period of employee services short-term benefits are actually recognized as liabilities and charged to profit
or loss or relevant assets costs.Regarding to the social insurance and housing funds that the Company pays for employees the Company should
recognize corresponding employees benefits payable according to the appropriation basis and proportion as
stipulated by relevant requirements and recognize the corresponding liabilities.The employee welfare expenses incurred shall be recorded into the current gain/loss or the cost of relevant assets
according to the actual amount when actually incurred and the non-monetary welfare shall be measured at fair
value.
(2)Accounting treatment for post employment benefits
1) Defined contribution plan
The Company pays basic endowment insurance and unemployment insurance for employees according to the
relevant regulations of the local government. In the accounting period in which employees provide services for the
Company the amount to be paid is calculated according to the local payment base and proportion and is
recognized as a liability and included in current profit and loss or related asset cost. In addition the Company also
participates in the enterprise annuity plan/supplementary pension insurance fund approved by the relevant state
departments. The Company pays a certain percentage of the total wages of employees to the annuity plan/local
social insurance agency and the corresponding expenditures are included in the current profit and loss or the cost
of related asset.
2) Defined benefit plan
The Company assigns the benefit obligation arising from the defined benefit plan to the period during which the
employee provides service according to the formula determined by the expected accumulated benefit unit method
and includes it in the current profit and loss or related asset cost.
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The deficit or surplus formed by the present value of the defined benefit plan obligation minus the fair value of the
defined benefit plan asset is recognized as a net benefit or net asset of the defined benefit plan. If there is a surplus in
the defined benefit plan the Company measures the net assets of the defined benefit plan by the lower of the surplus
and the asset limit of the defined benefit plan.All defined benefit plan obligations including obligations expected to be paid within twelve months of the end of
the annual reporting period in which the employee provides services are discounted based on the market return of
the national debt matching with the defined benefit plan obligations deadline and currency or the high quality
corporation bonds in an active market on the balance sheet date.The service cost generated by the defined benefit plan and the net liabilities or the net interest of the net assets of the
defined benefit plan are included in the current profit and loss or the related assets cost; the changes generated by the
remeasurement of net liabilities or net assets of the defined benefit plan are included in other comprehensive income
and will not be transferred back to profit or loss in the subsequent accounting period when the original defined
benefit plan is terminated the part that was originally included in other comprehensive income will be carried
forward to undistributed profit within the scope of equity.When settling the defined benefit plan the settlement gain or loss is confirmed by the difference between the present
value of the defined benefit plan obligation and the settlement price determined on the settlement date.
(3)Accounting treatment for dismissal benefit
If the Company provides dismissal benefits to employees the employee compensation liabilities arising from
dismissal benefits shall be recognized on the earlier date of the following two and shall be included in the current
profit and loss: When the company cannot unilaterally withdraw the dismissal benefits provided by the dismissal
plan or downsizing proposal; When the company confirms the costs or expenses related to the reorganization
involving the payment of dismissal benefits.
(4)Accounting treatment for other long term staff benefits
35. Lease liability
36. 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;
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(2) Fulfilling of the responsibility may lead to financial benefit outflow;
(3) The responsibility can be measured reliably for its value.
Accrual liabilities shall conduct initial measurement by best estimation of expenditures needed by fulfillment of
current responsibilities.While determining the best estimation take the risks uncertainty and periodic value of currency related to the
contingent issues into consideration. For major influence from periodic value of currency determine the best
estimation after discount on future relevant cash outflow.Where there is a continuous range of required expenditures and the probability of occurrence of various results
within this range is the same the best estimation is determined according to the median value in the range; in
other cases the best estimate shall be treated as follows:
* If a contingency involves a single item it shall be determined according to the amount most likely to occur.* If a contingency involves multiple items it shall be determined in accordance with various possible outcomes
and related probability calculation.If all or part of the expenditure required to pay off the estimated liabilities is expected to be compensated by a
third party the compensation amount shall be separately recognized as an asset when it is basically certain that it
can be received and the recognized compensation amount shall not exceed the book value of the estimated
liability.The Company reviews the book value of estimated liabilities on the balance sheet date. If there is conclusive
evidence that the book value does not reflect the current best estimate the book value will be adjusted according
to the current best estimate.
37.Share-based payment
The Company’s share-based payment is a transaction that grants equity instruments or assumes liabilities
determined based on equity instruments in order to obtain services from employees or other parties. The
Company’s share-based payment is divided into equity-settled share-based payment and cash-settled share-based
payment.
37.1 Equity-settled share-based payments and equity instruments
The equity-settled share-based payment in exchange for services provided by employees shall be measured at the
fair value of equity instruments granted to employees. For share-based payment transactions that can be exercised
immediately after the grant the fair value of the equity instrument is included in the relevant cost or expenses on
the grant date and the capital reserve is increased accordingly. For share-based payment transactions that can be
exercised only after completing the services during the waiting period or meeting the specified performance
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conditions after the grant on each balance sheet date during the waiting period the Company shall include the
services obtained in the current period in the relevant cost or expenses based on the best estimate of the number of
viable equity instruments and the fair value on the grant date and increase the capital reserve accordingly.If the terms of the equity-settled share-based payment are modified at least the services acquired are recognized
as if the terms were not modified. In addition any modification that increases the fair value of the granted equity
instruments or a change in favor of the employee on the modification date is recognized as an increase in
services received.During the waiting period if the granted equity instrument is canceled the Company will treat the canceled granted
equity instrument as an accelerated exercise and immediately include the amount that should be recognized during
the remaining waiting period in the current profit and loss and recognize the capital reserve at the same time.However if a new equity instrument is granted and it is determined that the new equity instrument granted is to
replace the canceled equity instrument on the grant date of the new equity instrument then in the same manner as
the modification of the terms and conditions of the original equity instrument the granted alternative equity
instruments are processed.
37.2 Cash-settled share-based payments and equity instruments
The cash-settled share-based payment shall be measured at the fair value of the liabilities calculated and
determined on the basis of shares or other equity instruments undertaken by the Company. For share-based
payment transactions that can be exercised immediately after the grant the Company shall include them in the
relevant cost or expenses at the fair value of the liabilities on the grant date and increase the liabilities accordingly.For share-based payment transactions that can be exercised only after completing the service during the waiting
period or meeting the specified performance conditions on each balance sheet date during the waiting period the
Company shall include the services obtained in the current period in the relevant cost or expenses based on the
best estimate of the viable equity instruments and the fair value of the liabilities undertaken by the Company and
include in the liabilities accordingly. On each balance sheet date and settlement date before the settlement of
relevant liabilities the fair value of the liabilities is re-measured and the changes are included in the current profit
and loss.
38. Other financial instrument of preferred stocks and perpetual bond
The Company categorizes a financial instrument or its components as a financial asset a financial liability or an
equity instrument at the time of initial recognition based on the contractual terms of preferred stocks/perpetual
bonds issued and the economic substance it reflects not just in legal form.When a financial instrument such as perpetual bonds/preferred stocks issued by the Company meet one of the
following conditions the entire financial instrument or its components shall be classified as a financial liability at
the time of initial recognition.
(1) There are contractual obligations that the Company cannot unconditionally avoid fulfilling with the cash
payment or other financial assets;
180深圳市深粮控股股份有限公司2022年年度报告全文
(2) Contains contractual obligation to deliver variable amounts of own equity instruments for settlement;
(3) Contains derivative instrument that is settled with its own equity (such as conversion of equity etc.) and the
derivative instrument is not settled with a fixed amount of their own equity instruments in exchange for a fixed
amount of cash or other financial assets;
(4) There are contract clauses that indirectly form contract obligations;
(5) The perpetual bonds are in the same repayment order as the ordinary bonds and other debts issued by the
issuer at the time of liquidation by the issuer.For financial instruments such as perpetual bonds/preferred stocks that do not meet any of the above conditions
classify the financial instruments as a whole or their components as equity instruments at the time of initial
recognition.
39. Revenue
Accounting policy used for revenue recognition and measurement
39.1 Accounting policy used for revenue recognition and measurement
The Company fulfills the performance obligations in the contract that is revenue is recognized when the
customer obtains control of the relevant goods or services. Obtaining control of related goods or services means
being able to lead the use of the goods or services and obtain almost all of the economic benefits from them.If the contract contains two or more performance obligations the Company will allocate the transaction price to
each individual performance obligation in accordance with the relative proportion of the stand-alone selling price
of the goods or services promised by each individual performance obligation on the starting date of the contract.The Company measures revenue based on the transaction price allocated to each individual performance
obligation.The transaction price refers to the amount of consideration that the Company expects to be entitled to receive due
to the transfer of goods or services to customers excluding payments collected on behalf of third parties and
payments expected to be returned to customers. The Company determines the transaction price in accordance with
the terms of the contract and combined with its past customary practices. When determining the transaction price
it considers the influence of variable consideration major financing components in the contract non-cash
consideration consideration payable to customers and other factors. The Company determines the transaction
price that includes variable consideration at an amount that does not exceed the amount of accumulated
recognized revenue that is unlikely to be materially reversed when the relevant uncertainty is eliminated. If there
is a significant financing component in the contract the Company determines the transaction price based on the
amount payable in cash when the customer obtains control of the goods or services and uses the actual interest
method to amortize the difference between the transaction price and the contract consideration during the contract
period. (Tips: for the interval between the transfer of control and the payment of the price by the customer does
not exceed one year the enterprise may disregard the financing component thereof. Enterprise should make
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disclosure according to the actual situation )
It belongs to the performance obligation fulfilled within a certain period of time when meeting one of the
following conditions otherwise it belongs to the performance obligation fulfilled at a certain point in time:
* The customer obtains and consumes the economic benefits brought by the Company’s performance at the
same time as the Company’s performance.* Customers can control the products under construction in the Company’s performance process.* The products produced by the Company during the performance of the contract have irreplaceable uses and
the Company has the right to collect payment for the accumulated performance part of the contract during the
entire contract period.For performance obligations performed within a certain period of time the Company recognizes revenue
according to the performance progress during that period except where the performance progress cannot be
reasonably determined. The Company considers the nature of the goods or services and adopts the output method
or the input method to determine the progress of performance. When the performance progress cannot be
reasonably determined and the costs incurred are expected to be compensated the Company shall recognize the
revenue according to the amount of the costs incurred until the performance progress can be reasonably
determined.For performance obligations performed at a certain point in time the Company recognizes revenue at the point
when the customer obtains control of the relevant goods or services. When judging whether a customer has
obtained control of goods or services the Company considers the following signs:
* The Company has the current right to collect payment for the goods or services that is the customer has the
current payment obligation for the goods or services.* The Company has transferred the legal ownership of the goods to the customer that is the customer has the
legal ownership of the goods.* The Company has transferred the goods to the customer in kind that is the customer has taken possession of
the goods in kind.* The Company has transferred the main risks and rewards of the ownership of the goods to the customer that
is the customer has obtained the main risks and rewards of the ownership of the goods.* The customer has accepted the goods or services etc.
39.2 Specific principles
1. Revenue from sales of goods: The realization of sales revenue is recognized after the domestic sales of goods
have been delivered and in compliance with the relevant terms of the contract; for export sales the realization of
sales revenue is recognized after the goods have been delivered and declared to the customs and meet the relevant
terms of the contract.
2. Income from the provision of labor services: The Company provides the grain and oil dynamic reserve and its
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rotation services for the Shenzhen Municipal Government and the income is recognized when the relevant labor
activities occur. Operating Regulations for Shenzhen Municipal Government Grain Reserve Cost Contracting and
Shenzhen Edible Vegetable Oil Government Reserve Expenses All-inclusive Operational Regulations shall be
used to calculate and confirm the service income of grain and oil reserves.
3. Other income:
1) The amount of income from royalties shall be calculated and determined according to the charging time and
method stipulated in the relevant contracts or agreements.
2) Income from property leasing such as real estate dock warehouses and dock docking business shall be
calculated and confirmed according to the charging time and method agreed in the contract or agreement.Differences in accounting policies of revenue recognition resulted by the different operating models for the same type of business
40. Government subsidy
40.1 Types
Governments subsidy of the Company refer to the monetary and non-monetary assets obtained from government
for free and are divided into those related to assets and others related to revenues.Government subsidy related to assets refer to those obtained by the Company and used for purchase or
construction of or otherwise to form long-term assets. Government subsidies related to revenue refer to those
other than government subsidies related to assets.Specific criteria for classifying the government subsidy as asset-related by the Company are:
Specific criteria for classifying the government subsidy as income-related by the Company are:
For those government subsidies without object specified in government documents the Company classifies
government subsidies as asset-related or income-related based on the following judgment:
Disclosure requirement: disclose specific criteria for distinguishing between asset-related government subsidies
and income-related. If the government document does not specify the object of the subsidy it must also state the
basis of judgment for classifying the government subsidy as asset-related or income-related
40.2 Recognition time point
If there is evidence at the end of the period that the company can meet the relevant conditions stipulated by the
financial support policy and is expected to receive financial support funds the government subsidy shall be
recognized according to the amount receivable. In addition government subsidies are recognized when they are
actually received.If the government subsidy is a monetary asset it shall be measured according to the amount received or receivable.If the government subsidy is a non-monetary asset it shall be measured at its fair value; if the fair value cannot be
obtained reliably it shall be measured at its nominal amount (RMB 1). Government subsidies measured at the
nominal amount are directly included in the current profit and loss.
40.3 Accounting treatment
Based on the essence of economic business the company determines whether a certain type of government
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subsidy business should be accounted for using the gross method or the net method. Normally the company only
selects one method for the same or similar government subsidy business and uses that method consistently for
that business.Category Accounting content
Types of government subsidies accounted for using the gross method All government subsidies
Government subsidy related to assets is used to offset the book value of related assets or be recognized as deferred
income. If it is confirmed as deferred income it shall be included in the current profit and loss in a reasonable and
systematic way by stages within the useful life of the relevant assets (those related to the Company’s daily
activities are included in other income; those unrelated to the Company’s daily activities are included in the
non-operating income);
Government subsidy related to income that is used to compensate the Company’s related costs or losses in
subsequent periods is recognized as deferred income and is included in the current profit and loss during the period
when the related costs or losses are recognized (those related to the Company’s daily activities are included in other
income; those unrelated to the Company’s daily activities are included in the non-operating income) or used to
offset related costs or losses; those used to compensate the Company’s related costs expenses or losses are directly
included in the current profit and loss (those related to the Company’s daily activities are included in other income;
those unrelated to the Company’s daily activities are included in the non-operating income) or used to offset
related costs or losses.The policy-related preferential loan interest discounts obtained by the Company shall be accounted for separately
in the following two situations:
1) The finance allocates interest discount funds to the lending bank. If the lending bank provides loans to the
Company at a policy-based preferential interest rate the Company will use the actually received loan amount
as the entry value of the loan and calculate related borrowing costs according to the loan principal and the
policy-based preferential interest rate.
2) If the finance directly allocates interest discount funds to the Company the Company will write down the
relevant borrowing costs with the corresponding interest discount.
41. Deferred income tax assets and deferred income tax liabilities
Income tax includes current income tax and deferred income tax. Except for income tax arising from business
mergers and transactions or events that are directly included in owner's equity (including other comprehensive
income) the Company include current income tax and deferred income tax in current profit and loss.
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Deferred income tax assets and deferred income tax liabilities are calculated and recognized based on the
difference (temporary difference) between the tax base of assets and liabilities and their book value.Deductible temporary differences recognized by deferred income tax assets is limited to the taxable income that is
likely to be obtained in the future to deduct deductible temporary differences. For the deductible losses and tax
deductions that can be carried forward for subsequent years are limited to the future taxable income that is likely
to be obtained to deduct deductible and tax deductions.For taxable temporary differences except for special circumstances deferred income tax liabilities are recognized.Special circumstances that do not recognize deferred income tax assets or deferred income tax liabilities include:
* Initial recognition of goodwill;
* Transactions or events that neither are a business combination nor affect accounting profits and taxable
income (or deductible losses) when occur.For taxable temporary differences related to investments in subsidiaries associates and joint ventures deferred
income tax liabilities are recognized unless the Company can control the timing of the reversal of the temporary
differences and the temporary differences are not likely to be reversed in the foreseeable future. For deductible
temporary differences related to investments in subsidiaries associates and joint ventures when the temporary
differences are likely to be reversed in the foreseeable future and are likely to be used to deduct the taxable
income of deductible temporary differences in the future recognize deferred income tax assets.On the balance sheet date deferred income tax assets and deferred income tax liabilities are measured at the
applicable tax rate during the period when the relevant assets are expected to be recovered or the relevant
liabilities are expected to be paid off in accordance with the provisions of the tax law.On the balance sheet date the Company reviews the book value of deferred income tax assets. If it is probable that
sufficient taxable income cannot be obtained in the future to offset the benefits of deferred income tax assets the
book value of the deferred income tax assets shall be written down. When it is possible to obtain sufficient taxable
income the write-down amount shall be reversed.When there is a statutory right to settle on a net basis and an intention to settle on a net basis or acquire assets and
pay off liabilities at the same time the current income tax assets and current income tax liabilities are presented at
the net amount after offsetting.On the balance sheet date deferred income tax assets and deferred income tax liabilities shall be listed as the net
amount after offset when the following conditions are met at the same time:
* The tax subject has the statutory right to settle current income tax assets and current income tax liabilities on
185深圳市深粮控股股份有限公司2022年年度报告全文
a net basis;
* Income tax assets and deferred income tax liabilities are related to the income tax levied by the same tax
administration department on the same taxation subject or related to different taxation subjects however in
the period during which each important deferred income tax asset and liability are reversed in the future the
taxpayer involved intends to settle the current income tax assets and liabilities on a net basis or obtain assets
and settle liabilities at the same time.
42. Lease
(1) Accounting treatment of operating leases
Lease refers to a contract in which the lessor transfers the right to use an asset to the lessee for a certain period of
time in order to obtain consideration. On the start date of the contract the company evaluates whether the contract
is a lease contract or the contract includes a lease. In case one party of the contract transfers the right to control the
use of one or more identified assets for a certain period of time in exchange for consideration such contract is
considered a lease contract or such contract includes a lease.If multiple separate leases are included in the contract the company will split the contract and perform accounting
for each separate lease separately. If the contract includes both the leased and non-leased parts the lessee and
lessor shall split the leased and non-leased parts. However the company in case serving as the lessee choose not
to split the contract and combine the leasing parts and their related non-leasing parts into a lease.For rent reduction deferred payment and other rent concession in respect of the existing lease contract which are
directly caused byimplementation of Finance and Accounting [2022] No. 13 if the following conditions are met at
the same time the Company will adopt a simplified method for all leases and will not evaluate whether there is
any change in lease or re-evaluate the lease classification:
* The lease consideration after concession is reduced or basically unchanged compared with that before
concession where the lease consideration is not discounted or is discounted at the discount rate before
concession;
* After considering both qualitative and quantitative factors it is determined that there are no significant
changes in the other terms and conditions of the lease.
42.1 the Company serves as lessor
1. Right-of-use assets
On the commencement date of the lease period the Company recognizes right-of-use assets for leases other than
short-term leases and leases of low-value assets. Right-of-use assets are initially measured at cost. This cost
includes:
* The initial measurement amount of the lease liability;
* The lease payment amount paid on or before the start date of the lease period if there is a lease incentive
deduct the relevant amount of the lease incentive already enjoyed;
* Initial direct expenses incurred by the company;
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* The estimated costs incurred by the Company for dismantling and removing the leased assets restoring the
site where the leased assets are located or restoring the leased assets to the state agreed upon in the lease
terms but do not include the costs incurred for the production of inventories.The Company subsequently adopts the straight-line method to depreciate the right-of-use assets. If it can be
reasonably determined that the ownership of the leased asset will be obtained at the expiration of the lease term
the company shall accrue depreciation within the remaining useful life of the leased asset; otherwise the leased
asset shall be depreciated within the shorter of the lease term and the remaining useful life of the leased asset. .The company determines whether the right-of-use asset has been impaired in accordance with the principles
described in Note V. (31) Impairment of long-term assets and performs accounting treatment on the identified
impairment losses.
2.Lease liabilities
On the commencement date of the lease term the Company recognizes lease liabilities for leases other than
short-term leases and leases of low-value assets. The lease liability is initially measured at the present value of
outstanding lease payments. Lease payments include:
* Fixed payments (including actual fixed payments) deduct the relevant amount of the lease incentive if any;
* Variable lease payments that depend on an index or rate;
* The expected payment according to the residual value of the guarantee provided by the company;
* The exercise price of the purchase option provided that the company is reasonably certain that the option
will be exercised;
* Payments for exercising the option to terminate the lease provided that the lease term reflects that the
company will exercise the option to terminate the lease.The company uses the interest rate implicit in the lease as the discount rate but if the interest rate implicit in the
lease cannot be reasonably determined the company’s incremental borrowing rate is used as the discount rate.The company calculates the interest expense of the lease liability in each period of the lease term according to the
fixed periodic interest rate and includes it into the current profit and loss or the cost of related assets.Variable lease payments that are not included in the measurement of lease liabilities are included in the current
profit and loss or the cost of related assets when they are actually incurred.After the commencement date of the lease term the Company shall re-measure the lease liabilities and adjust the
corresponding right-of-use assets under the following circumstances. If the book value of the right-of-use assets
has been reduced to zero but the lease liabilities still need to be further reduced the The difference is included in
the current profit and loss:
* When there is a change in the evaluation results of the purchase option lease renewal option or termination
option or the actual exercise of the aforementioned options is inconsistent with the original evaluation result
the company will calculate the lease payment after the change and the revised discount. Remeasure the lease
liability at the present value of the rate calculation;
* When the actual fixed payment changes the estimated payable amount of the residual value guarantee
changes or the index or ratio used to determine the lease payment changes the company calculates the
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present value based on the changed lease payment and the original discount rate Remeasure the lease liability.However where changes in lease payments result from changes in floating interest rates a revised discount
rate is used to calculate the present value.
3.Short-term leases and low-value asset leases
The company doesn’t recognize right-of-use assets and lease liabilities for short-term leases and low-value asset
leases and includes the relevant lease payments in the current profit and loss or related asset costs on a
straight-line basis over each period of the lease term. Short-term leases refer to leases with a lease term of not
more than 12 months and excluding purchase options on the commencement date of the lease term. A low-value
asset lease refers to a lease with a lower value when a single leased asset is a brand-new asset. If the company
subleases or expects to sublease the leased assets the original lease is not a low-value asset lease.
4.Lease change
If the lease changes and the following conditions are met at the same time the company will account for the lease
change as a separate lease:
* The lease modification expands the scope of the lease by adding the right to use one or more leased assets;
* The increased consideration is equivalent to the amount adjusted by the individual price of the expanded part
of the lease scope according to the contract.If the lease change is not accounted for as a separate lease on the effective date of the lease change the company
re-allocates the consideration of the contract after the change re-determines the lease term and calculates the
current value based on the lease payment after the change and the revised discount rate to remeasure the lease
liability.If the lease change leads to the narrowing of the lease scope or the shortening of the lease term the company will
reduce the book value of the right-of-use asset accordingly and include the relevant gains or losses on partial or
complete termination of the lease into the current profit and loss. If other lease changes result in re-measurement
of lease liabilities the Company adjusts the book value of the right-of-use asset accordingly.
42.2 The Company serves as the lessee
On the commencement date of the lease the company divides the lease into financing lease and operating lease.Finance lease refers to a lease that regardless of whether ownership is ultimately transferred or not essentially
transfers almost all the risks and rewards related to the ownership of the leased asset. Operating leases refer to
leases other than financing leases. When the company serves as a sublease lessor the sublease is classified based
on the use rights assets generated from the original lease.
1. Accounting treatment for operating leases
The lease receipts from operating leases are recognized as rental income on a straight-line basis during each
period of the lease term. The company capitalizes the initial direct expenses related to operating leases and books
them to the current profit and loss on the same basis as rental income recognition during the lease term. The
variable lease payments that are not included in the lease receipts are recognized in the current profit and loss at
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the time of actual occurrence. 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 and the advance or receivable lease receipts related
to the lease before the change are considered as the new lease receipts.
2. Financial leasing accounting treatment
On the lease commencement date the company recognizes the receivable financing lease payments for financing
leases and derecognize financing lease assets. When the company initially measures the receivable financing lease
payments the net lease investment is recognized as the booked 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 receipts
that have not been received on the start date of the lease term discounted at the implicit interest rate of the lease.Our company calculates and recognizes interest income for each period of the lease term at a fixed periodic
interest rate. The derecognition and impairment of financing lease receivables shall be accounted for in
accordance with “V. (10) Financial Instruments” in this note.Variable lease payments that are not included in the measurement of net lease investment are recognized in the
current profit and loss at the time of actual occurrence.If there is a change in the financing lease and the following conditions are met simultaneously the company will
treat this change as a separate lease for accounting purposes:
* The change expands the lease scope by increasing the right to use one or more leased assets;
* The increased consideration is equivalent to the individual price for most of the expansion of the lease scope
adjusted according to the contract status.If the change in financing lease is not treated as a separate lease for accounting purposes the company will handle
the changed lease in the following situations:
* If the change takes effect on the lease commencement date and the lease will be classified as an operating
lease the company will treat it as a new lease for accounting purposes starting 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 lease commencement date and the lease will be classified as a financing
lease the company will conduct accounting treatment in accordance with the policy on modifying or
renegotiating contracts in “V. (10) Financial Instruments” of this note.
42.3 Leaseback transactions
The company evaluates and determines whether the asset transfer in the leaseback transaction are sales in
accordance with the principles stated in “Note V. (39) Revenue”.
1. The company acts as lessee
In case the transfer of assets in leaseback transaction is sales the company as the lessee measures the
right-of-use assets formed by leaseback based on the portion of the original asset book value related to the
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leaseback obtained in the book value of original assets and only recognizes the relevant gains or losses based on
the rights transferred to the lessor; If the asset transfer in leaseback transaction does is not sales the company as
the lessee continues to recognize the transferred asset and recognizes a financial liability equal to the transfer
income. The accounting treatment of financial liabilities is detailed in “Note V. (10) Financial Instruments” .
2. The Company serves as lessor
In case the transfer of assets in leaseback transaction is sales the company as the lessor conducts accounting
treatment for the purchase of assets and conducts accounting treatment for asset leasing in accordance with the
aforementioned policy of “2. The company as the lessor”; In case the transfer of assets in leaseback transaction
does not belong to sales the company as the lessor does not recognize the transferred assets but recognizes afinancial asset equal to the transfer income. The accounting treatment of financial assets is detailed in “Note V.
(10) Financial Instruments”.
（2）Accounting treatment method of financial leasing
43. Other important accounting policy and estimation
44. Changes of important accounting policy and estimation
(1) Changes of important accounting policies
□ Applicable □ Not applicable
Content & reasons Approval procedure Note
(1) Implementation of Accounting Standards for Business Enterprises Interpretation No. 15
The Ministry of Finance issued Accounting Standards for Business Enterprises Interpretation No. 15 (CK (2021)
No.35) on December 30 2021 (hereinafter referred to as “Interpretation No. 15”).* Accounting for trial operation sales
Interpretation No. 15 stipulates the accounting treatment and presentation of sales of products or by-products
produced by the enterprise before the fixed assets reach the expected usable state or during the research and
development and stipulates that the net amount from relevant income of trial operation sales used to offset the
cost shall not be used to write down fixed asset costs or the research and development expenditure. This provision
came into force on January 1 2022 and retroactive adjustments shall be made for trial operation sales that
occurred between the beginning of the earliest period of financial statement presentation and January 1 2022. The
implementation of this provision has not had a major impact on the financial condition and operating results of the
company.* Judgment on onerous contract
190深圳市深粮控股股份有限公司2022年年度报告全文
Interpretation No. 15 clarifies that the “cost of contract performance” considered by the enterprise when judging
whether the contract constitutes an onerous contract shall include both the incremental cost of contract
performance and the shared amount of other costs directly related to the contract performance. This provisions
came into effect on January 1 2022. Enterprises shall implement this provisions for the contracts that have not
fulfilled all the obligations on January 1 2022. The early comparative financial statement data shall not be
adjusted for the retained earnings and other related financial statement items at the beginning of the year when
adjustment of cumulative affected amount is mad. The implementation of this provision has not had a major
impact on the financial condition and operating results of the company.
(2) Implementation of Finance and Accounting [2022] No. 13
The company has adopted simplified methods for all lease contracts that met the conditions before the adjustment
of application scope and all similar lease contracts that met the conditions after the adjustment of application
scope and retroactively adjusted relevant lease contracts that have adopted lease change for accounting treatment
before the issue of the Notice without adjusting the early comparative financial statement data; the
implementation of this provision from January 1 2022 to the implementation date of this Notice has not had a
major impact on the financial condition and operating results of the company.
(3) Implementation of Accounting Standards for Business Enterprises Interpretation No. 15
The Ministry of Finance issued Accounting Standards for Business Enterprises Interpretation No. 16 (CK (2022)
No.31) on November 30 2022 (hereinafter referred to as “Interpretation No. 16”).* Accounting for the income tax impact of dividends related to financial instruments classified by the issuer as
equity instruments
Interpretation No.16 stipulates that for financial instruments classified by the enterprise as equity instruments
where relevant dividend expenditures are deducted before enterprise income tax according to relevant provisions
of tax policies the income tax impact related to dividends shall be recognized when dividends payable are
recognized and the income tax impact of dividends shall be included into current profit and loss or owner’s equity
items (including other comprehensive income item) in the way consistent with the accounting treatment adopted
for previous transactions or matters that generate profits available for distribution.This provision came into force as of the date of promulgation. If relevant dividends payable occur from January 1
2022 to the date of implementation it shall be adjusted according to this provision; if relevant dividends payable
occur before January 1 2022 and the recognition of relevant financial instruments is not terminated on January 1
2022 retroactive adjustment shall be made. The implementation of this provision has not had a major impact on
the financial condition and operating results of the company.* Accounting treatment in which the enterprise modifies the share payment settled by cash to share payment
settled by equity
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Interpretation No. 16 clarifies that if the enterprise modifies the terms and conditions in the agreement of share
payment settled by cash to make it share payment settled by equity on the modification date (whether within or
after the waiting period) it shall calculate the share payment settled by equity according to the fair value on the
date of modifying the granted equity instruments and include the acquired services into capital reserve. At the
same time it shall terminate the recognition of liabilities of the share payment settled by cash recognized on the
modification date and include the difference into current profit and loss.This provision came into force as of the date of promulgation and relevant new transactions from January 1 2022
to the date of implementation shall be adjusted according to this provision; if relevant transactions occurring
before January 1 2022 are not treated according to this provision retroactive adjustment shall be made and the
cumulative affected amount shall be adjusted to retained earnings and other related items as of January 1 2022
without adjusting the early comparative financial statement data. The implementation of this provision has not had
a major impact on the financial condition and operating results of the company.
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(2) Changes of important accounting estimate
□ Applicable □ Not applicable
45. Other
VI. Taxes
1. Type of tax and rate for main applicable tax
Taxes Basis Rate
The output tax is calculated on the basis
of the sales of goods and the taxable
service income calculated according to
VAT the tax law. After deducting the input tax 13.00% 9.00% 6.00% 5.00% 3.00%
amount that is allowed to be deducted in
the current period the difference part is
the value-added tax payable.Calculated according to the actual
Urban maintenance and construction tax 7.00% 5.0%
value-added tax and consumption tax
Enterprise income tax Calculated according to taxable income 25.00% 20.00% 15.00%
Price-based resource tax 1.2 percent of
the remaining value after deducting 20%
Property tax of the original value of the property; 12 1.20% 12.00%
percent of the rental income if levy by
rents.When the property right of the real
property is transferred the contract price
Deed tax 3.00%-5.00%
shall be paid to the owner of the property
right in one lump sum
Rate of income tax for different taxpaying body:
Taxpaying body Rate of income tax
Shenzhen Cereals Holdings Co. Ltd. 25.00%
25.00% some businesses are
Shenzhen Cereals Group Co. Ltd(hereinafter referred to as “SZCG”)
tax-freeShenzhen Hualian Grain and Oil Trading Co. Ltd.(hereinafter referred to as “Hualian Cereals and
25.00%Oil”)
Dongguan Shenliang Hualian Cereals and Oil Trading Co. Ltd(hereinafter referred to as
25.00%
“Dongguan Hualian”)
193深圳市深粮控股股份有限公司2022年年度报告全文
Shenzhen Shenliang Hongjun Catering Management Co. Ltd.(hereinafter referred to as
25.00%
“Shenliang Hongjun”)
25.00% some businesses are
Shenzhen Flour Co. Ltd(hereinafter referred to as “Shenzhen Flour”)
tax-free
Shenliang Quality Inspection Co. Ltd. (hereinafter referred to as “Shenliang Quality Inspection”) 20.00%
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%
Zhenpin Market Operation Technology Co. Ltd. (hereinafter referred to “Zhenpin Market”) 25.00%Shenzhen Shenliang Big Kitchen Food Supply Chain Co. Ltd(hereinafter referred to as “Big
25.00%Kitchen”)
Shenzhen Shenliang Storage (Yingkou) Co. Ltd(hereinafter referred to as “Yingkou Storage”) 25.00%Shenzhen Shenliang Cold Chain Logistics Co. Ltd.(hereinafter referred to as “Cold Chain
15.00%Logistics”)Shenzhen Shenliang Property Development Co. Ltd.(hereinafter referred to as “Shenliang
25.00%Property Development”)Shenzhen Shenliang Property Management Co. Ltd. (hereinafter referred to as “Shenliang
20.00%Property Management”)
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
25.00%
“International Food”)Dongguan Shenliang Oil & Food Trade Co. Ltd.(hereinafter referred to as “Dongguan Oil &
25.00%Food”)
Shuangyashan Shenliang Cereals Base Co. Ltd. (hereinafter referred to as “Shuangyashan”) 25.00%Shenzhen Shenbao Huacheng Technology Co. Ltd. (hereinafter referred to as “Shenbao
15.00%Huacheng”)
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
25.00%
“Shenbao Tea Culture”)
Hangzhou Ju Fang Yong Holding Co. Ltd(hereinafter referred to as “Ju Fang Yong Holding”) 25.00%Hangzhou Fuhaitang Catering Management Chain Co. Ltd. (hereinafter referred to as “Fuhaitang
25.00%Catering”)Hangzhou Fuhaitang Tea Ecology Technology Co. Ltd(hereinafter referred to as “Fuhaitang Tea
25%Ecology”)
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
25.00%Tea Supply Chain”)
Shenzhen Shenliang Food Co. Ltd. (hereinafter referred to as “Shenzhen Shenliang Food”) 25.00%
194深圳市深粮控股股份有限公司2022年年度报告全文
Yunnan Pu’er Tea Trading Center Co. Ltd. (hereinafter referred to as “Pu’er Tea Trading Center”) 25.00%
Huizhou Shenliang Food Co. Ltd. (hereinafter referred to as “Huizhou Shenliang Food”) 25.00%
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
25.00%Hongli”)Shenzhen Shenbao Industrial & Trading Co. Ltd (hereinafter referred to as “Shenbao Industrial &
25.00%Trading”)
Wuhan Jiacheng Biotechnology Co. Ltd (hereinafter referred to as “Wuhan Jiacheng”) 15.00%
Hubei Jiacheng Biotechnology Co. Ltd (hereinafter referred to as “Hubei Jiacheng”) 25.00%
Wuhan Hongqu Health Biology Co. Ltd (hereinafter referred to as “Wuhan Hongqu”) 25.00%
Macheng Jintian Camellia Oil Co. Ltd.(hereinafter referred to as“Macheng Jintian”) 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 IssuesConcerning the VAT Collection and Exemption of Grain Enterprises (CSZ [1999] No. 198)” and “Shenzhen TaxService State Taxation Administration and Shenzhen Finance Bureau SGSF (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 byrule and enjoys the exemption from VAT. In addition according to the stipulation of the “Announcement of StateAdministration of Taxation on Relevant Management Matters After Clarifying the Cancellation of the Approval ofSome 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 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 December 31 2022 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 Announcement of the Ministry of Finance and the State Administration of Taxation on
Continuing the Implementation of Tax Preferential Policies for Some National Reserve Commodity Reserves
195深圳市深粮控股股份有限公司2022年年度报告全文
(Announcement No. 8 of 2022) 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 period is from January 1 2022 to December 31 2023.
3. Enterprise income tax
(1) On May 27 2021 the General Administration of Taxation Ministry of Finance issued the Notice on the
Extension of Preferential Policies of Enterprise Income Tax of Qianhai Shenzhen-Hong Kong Modern Service
Industry Cooperation Zone in Shenzhen the enterprise income tax of qualified enterprises located in Qianhai
Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is levied at the rate of 15.00% and the Notice
to be implemented from January 1 2021 to December 31 2025. The Company's subsidiary cold chain logistics is
registered in Shenzhen Qianhai Cooperation Zone which is eligible for preferential tax conditions. According to
relevant policies of the cooperation zone its income tax will enjoy a preferential tax of 15.00%
(2) On December 23 2021 Shenbao Huacheng a subsidiary of the Company obtained the High-tech Enterprise
Certificate (Certificate No.: GR202144205394) 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 2021 to 2024.
(3) On November 3 2021 Wuyuan Ju Fang Yong a subsidiary of the Company obtained the High-tech Enterprise
Certificate (Certificate No.: GR202136000731) 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 2021 to 2024.
(4) On Oct. 12 2022 Wuhan Jiacheng a subsidiary of the Company obtained the High-tech Enterprise Certificate
(Certificate No.:GR202242000734) jointly issued by the Department of Science and Technology of Hubei
Province the Hubei Provincial Department of Finance of Hubei Province and the Hubei 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. Wuhan Jiacheng enjoys the preferential tax
policy from 2022 to 2025.
(5) According to the Notice of the Ministry of Finance and the State Taxation Administration on the Treatment of
Corporate Income Tax Treatment of Fiscal Funds for Special Purposes (CS[2009]No.87) the governmental
service incomes obtained by SZCG the Company’s subsidiary and its subordinate companies by carrying out
196深圳市深粮控股股份有限公司2022年年度报告全文
government grain reserves business are fiscal funds for special purposes those that meet the requirements can be
regarded as non-taxable incomes and deducted from the total income when calculating the taxable income.Expenses arising from the use of the above non-taxable income for expenditure shall not be deducted from the
calculation of taxable income; for assets formed from expenditure the calculated depreciation and amortization
shall not be deducted from the calculation of taxable income.
(6) Shenzhen Flour a subsidiary of the Company is a flour primary processing enterprise according to thestipulations of the “Notice on Issuing the Scope (Trial) of Primary Processing of Agricultural Products Applicableto the Corporate Income Tax Preferential Policy (CS[2008]No.149)” and the “Supplementary Notice on the Scopeof Primary Processing of Agricultural Products Applicable to the Corporate Income Tax Preferential Policy of theMinistry of Finance and the State Administration of Taxation” (CS[2011]No.26) the wheat primary processing is
exempt from income tax.
(7) According to the Announcement of the Ministry of Finance and the State Taxation Administration on the
Implementation of Preferential Income Tax Policies for Small and Micro Enterprises and Individual Business
(GG[2021]No. 12) and the Announcement of State Taxation Administration on Matters Related to the
Implementation of Preferential Income Tax Policies for the Development of Small and Micro-profit Enterprises
and Individual Business (GG[2021]No. 8) from January 1 2021 to December 31 2022 the part of the annual
taxable income of small and low-profit enterprises not exceeding 1 million yuan shall be included in the taxable
income at a reduced rate of 12.50% and the enterprise income tax shall be paid at a tax rate of 20.00%. According
to the Announcement of the Ministry of Finance and the State Administration of Taxation on the Further
Implementation of Preferential Income Tax Policies for Small and Micro Enterprises (GG[2022]No. 13) from
January 1 2022 to December 31 2024 the annual taxable income of small and micro profit enterprises exceeds 1
million yuan but does not exceed 3 million yuan. Deduct 25.00% as taxable income and pay corporate income tax
at the rate of 20.00%. The company’s subsidiary Hainan Grain and Oil Shenliang Property and Shenliang Quality
Inspection are small profit enterprises and in line with the preferential tax conditions.
3. Other
VII. Notes to main items of consolidated financial statements
1. Monetary funds
Unit: RMB/CNY
Item Ending balance Opening balance
Cash on hand 69686.00 29370.19
Cash in bank 52837770.89 49173812.84
Other monetary fund 1196314.11 1206740.62
Total 54103771.00 50409923.65
197深圳市深粮控股股份有限公司2022年年度报告全文
Total amount of funds with restrictions on
1008301.741039843.45
use due to mortgage pledge or freezing
Other explanation
2. Tradable financial assets
Unit: RMB/CNY
Item Ending balance Opening balance
Financial assets measured by fair value and
with variation reckoned into current 46676652.91 211060770.50
gains/losses
Including:
Equity investment instrument 1228132.36 921099.27
Structured financial products 45448520.55 210139671.23
Including:
Total 46676652.91 211060770.50
Other explanation:
3. Derivative financial assets
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
4. Note receivable
(1) By category
Unit: RMB/CNY
Item Ending balance Opening balance
Bank acceptance bill 270109.00 687242.00
Total 270109.00 687242.00
Unit: RMB/CNY
Ending balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book Book
Accrual Accrual
Amount Ratio Amount value Amount Ratio Amount value
ratio ratio
Including:
198深圳市深粮控股股份有限公司2022年年度报告全文
Including:
If the provision for bad debts of note receivable is made in accordance with the general model of expected credit losses please refer to
the disclosure of other account receivables to disclose related information about bad-debt provisions:
□ Applicable □Not applicable
(2) Bad debt provision accrual collected or reversal in the period
Bad debt provision accrual in the period:
Unit: RMB/CNY
Amount changed in the period
Category Opening balance Collected or Ending balance
Accrual Written-off Other
reversal
Including major amount bad debt provision that collected or reversal in the period:
□ Applicable □Not applicable
(3) Note receivable pledged at period-end
Unit: RMB/CNY
Item Amount pledged at period-end
(4) Notes endorsement or discount and undue on balance sheet date
Unit: RMB/CNY
Item Amount derecognition at period-end Amount not derecognition at period-end
Bank acceptance bill 17404836.43
Total 17404836.43
(5) Notes transfer to account receivable due for failure implementation by drawer at period-end
Unit: RMB/CNY
Item Amount transfer to account receivable at period-end
Other explanation
(6) Note receivable actually written-off in the period
Unit: RMB/CNY
Item Amount written-off
Including important note receivable that written-off:
Unit: RMB/CNY
199深圳市深粮控股股份有限公司2022年年度报告全文
Procedure of Resulted by related
Enterprise Nature Amount written-off Written-off causes
written-off transaction (Y/N)
Explanation on note receivable written-off:
5. Account receivable
(1) By category
Unit: RMB/CNY
Ending balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Accrual Accrual Book value
Amount Ratio Amount value Amount Ratio Amount
ratio ratio
Account receivable 962982 28.65% 957250 99.40% 573203.9 9523106 25.05% 9286256 97.51% 2368503.8
42.8638.8975.861.988
with bad debt
provision accrual on
a single basis
Including:
Account receivable 239772 71.35% 351694 1.47% 2362558 2849430 74.95% 4264187 1.50% 28067883
846.969.9896.9825.46.727.74
with bad debt
provision accrual on
portfolio
Including:
Including: 142291 42.34% 351694 2.47% 1387748 1430071 37.62% 4264187 2.98% 13874292
769.299.9819.3108.06.720.34
portfolio of sales
receivable
Object-specific 974810 29.01% 9748107 1419359 37.33% 14193591
77.677.6717.407.40
portfolio
336071100.00%99241923682913801740100.00%971267428304734
Total
089.8288.8700.9591.329.701.62
Bad debt provision accrual on single basis:95725038.89 yuan.Unit: RMB/CNY
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
Guangzhou Jinhe Feed Extreme low
10455627.5410455627.54100.00%
Co. Ltd possibility of recovery
Shenzhen Faqun Extreme low
4582156.004582156.00100.00%
Industry Co. Ltd. possibility of recovery
Extreme low
Li Shaoyu owes for 2929128.53 2929128.53 100.00%
possibility of recovery
200深圳市深粮控股股份有限公司2022年年度报告全文
goods
Zhuhai Doumen Huabi Extreme low
2396327.142396327.14100.00%
Feed Co. Ltd. possibility of recovery
Chongqing Zhongxing
Extreme low
Food Industry Co. 2354783.30 2354783.30 100.00%
possibility of recovery
Ltd.Hengyang Feed Extreme low
2591566.652591566.65100.00%
Factory possibility of recovery
Sichuan Zhongxing
Extreme low
Food Industry Co. 1698103.22 1698103.22 100.00%
possibility of recovery
Ltd.Shenzhen Buji
Agricultural Products
Extreme low
Wholesale Center 1534512.45 1534512.45 100.00%
possibility of recovery
Market Xingmin
Commercial Bank
Extreme low
Cao Shengyun 1429745.00 1429745.00 100.00%
possibility of recovery
Huaxing Feed Factory
Extreme low
Shunde District 1290274.22 1290274.22 100.00%
possibility of recovery
Foshan City
Extreme low
Shanghai office 1059295.90 1059295.90 100.00%
possibility of recovery
Shenzhen Dihuan
Investment Extreme low
1045356.501045356.50100.00%
Development possibility of recovery
Company
Other single provision Extreme low
62931366.4162358162.4499.09%
possibility of recovery
Total 96298242.86 95725038.89
Bad debt provision accrual on portfolio:3516949.98
Unit: RMB/CNY
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Including: Portfolio of sales 142291769.29 3516949.98 2.47%
receivable
Object-specific portfolio 97481077.67
Total 239772846.96 3516949.98
Explanation on the basis for determining portfolio:
Bad debt provision accrual on portfolio:
201深圳市深粮控股股份有限公司2022年年度报告全文
Unit: RMB/CNY
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Explanation on the basis for determining portfolio:
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses please refer
to the disclosure of other account receivables to disclose related information about bad-debt provisions:
□ Applicable □Not applicable
By account age
Unit: RMB/CNY
Account age Ending balance
Within one year (including 1-year) 238932228.39
1-2 years 1392647.25
2-3 years 2237506.92
Over 3 years 93508707.26
3-4 years 405778.29
4-5 years 720664.43
Over 5 years 92382264.54
Total 336071089.82
(2) Bad debt provision accrual collected or reversal in the period
Bad debt provision accrual in the period:
Unit: RMB/CNY
Amount changed in the period
Category Opening balance Collected or Ending balance
Accrual Written-off Other
reversal
Bad debt 92862561.98 3744463.00 881986.09 95725038.89
provision accrual
on single basis
Sale receivable 4264187.72 -135312.29 -611925.45 3516949.98
portfolio
Total 97126749.70 3609150.71 881986.09 -611925.45 99241988.87
Including major amount bad debt provision collected or reversed in the period:
Unit: RMB/CNY
Enterprise Amount collected or reversal Collection way
202深圳市深粮控股股份有限公司2022年年度报告全文
(3) Account receivable actually written-off in the period
Unit: RMB/CNY
Item Amount written-off
Including major account receivable written-off:
Unit: RMB/CNY
Procedure of Resulted by related
Enterprise Nature Amount written-off Written-off causes
written-off transaction (Y/N)
Explanation on account receivable written-off:
(4) Top 5 account receivables at ending balance by arrears party
Unit: RMB/CNY
Enterprise Ending balance of accounts Proportion in total receivables at Bad debt preparation ending
receivable ending balance balance
First 87139685.27 25.93%
Second 10455627.54 3.11% 10455627.54
Third 8644008.16 2.57% 86440.08
Fourth 8512636.04 2.53%
Fifth 8050890.00 2.40% 80508.90
Total 122802847.01 36.54%
(5) Assets and liabilities formed by account receivable transfer and continuing to be involved
Other explanation:
(6) Account receivable derecognition due to the transfer of financial assets
6. Account receivable financing
Unit: RMB/CNY
Item Ending balance Opening balance
Changes of account receivable financing and change of fair value in the period
□ Applicable □Not applicable
If the impairment provision of account receivable financing is made in accordance with the general model of expected credit losses
please refer to the disclosure of other account receivables to disclose related information about impairment provision:
□ Applicable □Not applicable
Other explanation:
203深圳市深粮控股股份有限公司2022年年度报告全文
7. Accounts paid in advance
(1) By account age
Unit: RMB/CNY
Ending balance Opening balance
Account age
Amount Ratio Amount Ratio
Within one year 64831898.58 99.00% 115518972.22 99.68%
1-2 years 361081.54 0.55% 193952.41 0.17%
2-3 years 175520.68 0.27% 46662.00 0.04%
Over 3 years 118890.08 0.18% 135187.98 0.11%
Total 65487390.88 115894774.61
Explanation on reasons for not timely settling important account paid in advance with age over one year:
(2) Top 5 accounts paid in advance at ending balance by prepayment object
Prepaid objects Ending balance Proportion in total prepayment balance at
the end of period (%)
First 55204054.08 84.30
Second 2912954.65 4.45
Third 1002903.00 1.53
Fourth 930000.00 1.42
Fifth 745609.92 1.14
Total 60795521.65 92.84
Other explanation:
8. Other account receivable
Unit: RMB/CNY
Item Ending balance Opening balance
Other account receivable 32910189.14 32377838.35
Total 32910189.14 32377838.35
(1) Interest receivable
1) By category
Unit: RMB/CNY
204深圳市深粮控股股份有限公司2022年年度报告全文
Item Ending balance Opening balance
2) Significant overdue interest
Unit: RMB/CNY
Whether impairment
Borrower Ending balance Overdue time Overdue causes occurs and its judgment
basis
Other explanation:
3) Accrual of bad debt provision
□ Applicable □Not applicable
(2) Dividend receivable
1) By category
Unit: RMB/CNY
Item (or invested enterprise) Ending balance Opening balance
2) Important dividend receivable with account age over one year
Unit: RMB/CNY
Whether impairment
Item (or invested Reasons for not
Ending balance Account age occurs and its judgment
enterprise) collection
basis
3) Accrual of bad debt provision
□ Applicable □Not applicable
Other explanation:
(3) Other account receivable
1) By nature
Unit: RMB/CNY
Nature Ending book balance Opening book balance
Margin and deposit 14170451.49 12323696.08
Other intercourse funds 122723170.61 119880221.09
Total 136893622.10 132203917.17
205深圳市深粮控股股份有限公司2022年年度报告全文
2) Accrual of bad debt provision
Unit: RMB/CNY
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1 2022 3185683.43 96640395.39 99826078.82
Balance on Jan. 1 2022
in the period
—— Transfer into Phase
-990392.89990392.89
III
Current accrual 654902.59 3506848.52 4161751.11
Other changes -4396.97 -4396.97
Balance on Dec. 31 2022 2845796.16 101137636.80 103983432.96
Change in the book balance of loss provision whose amount changed greatly in the period
□ Applicable □Not applicable
By account age
Unit: RMB/CNY
Account age Ending balance
Within one year (including 1 year) 13369415.17
1-2 years 15602452.42
2-3 years 4109695.16
Over 3 years 103812059.35
3-4 years 1819777.03
4-5 years 1778322.12
Over 5 years 100213960.20
Total 136893622.10
3) Bad debt provision accrual collected or reversal in the period
Bad debt provision accrual in the period:
Unit: RMB/CNY
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written off Other
reversal
206深圳市深粮控股股份有限公司2022年年度报告全文
Bad debt 96640395.39 3506848.52 990392.89 101137636.80
provision accrual
on single basis
Bad debt 3185683.43 654902.59 -994789.86 2845796.16
provision accrual
on portfolio
Total 99826078.82 4161751.11 -4396.97 103983432.96
Including major amount with bad debt provision reverse or collected in the period:
Unit: RMB/CNY
Enterprise Amount reversal or collected Collection way
4) Other account receivable actually written-off in the period
Unit: RMB/CNY
Item Amount written-off
Including important other account receivable written-off:
Unit: RMB/CNY
Procedure of Resulted by related
Enterprise Nature Amount written-off Written-off causes
written-off transaction (Y/N)
Explanation on other account receivable written-off:
5) Top 5 other receivables at ending balance by arrears party
Unit: RMB/CNY
Ratio in total ending
balance of other Ending balance of bad
Enterprise Nature Ending balance Account age
account debt reserve
receivables
First Other intercourse funds 24608742.46 Within 1 year over 17.98% 22187644.18
5 years
Second Other intercourse funds 8326202.63 Over 5 years 6.08% 8326202.63
Third Other intercourse funds 8285803.57 Over 5 years 6.05% 8285803.57
Fourth Other intercourse funds 8257311.80 Over 5 years 6.03% 8257311.80
Fifth Other intercourse funds 6397067.59 Over 5 years 4.67% 6397067.59
Total 55875128.05 -- 40.81% 53454029.77
6) Other account receivables related to government grants
Unit: RMB/CNY
207深圳市深粮控股股份有限公司2022年年度报告全文
Time amount and basis
Enterprise Government grants Ending balance Ending account age
for collection predicted
7) Other accounts receivable derecognized due to the transfer of financial assets
8) The amount of assets and liabilities formed by transferring other receivables and continuing to be
involved
Other explanation:
9. Inventory
Does the Company need to comply with the disclosure requirements of the real estate industry?
No
(1) By category
Unit: RMB/CNY
Ending balance Opening balance
Inventories fall Inventories fall
provision or provision or
Item contract contract
Book balance Book value Book balance Book value
performance costs performance costs
impairment impairment
provision provision
Raw materials 70633688.83 13324174.78 57309514.05 71483882.02 14841005.00 56642877.02
Goods in process 25496450.76 25496450.76 23932099.23 23932099.23
Finished goods 3574759554.65 80193872.72 3494565681.93 3463256518.48 98441505.32 3364815013.16
Revolving material 9977936.24 998163.23 8979773.01 9964103.51 966891.96 8997211.55
Goods in transit 11981893.90 11981893.90 5362274.64 5362274.64
Work in
5999159.195290502.32708656.876159701.535290502.32869199.21
process-outsourced
Total 3698848683.57 99806713.05 3599041970.52 3580158579.41 119539904.60 3460618674.81
(2) Inventories fall provision or provision for impairment of contract performance costs
Unit: RMB/CNY
Current amount increased Current amount decreased
Item Opening balance Ending balance
Accrual Other Reversal or write-off Other
Raw materials 14841005.00 -1014293.62 502536.60 13324174.78
208深圳市深粮控股股份有限公司2022年年度报告全文
Finished goods 98441505.32 139012269.92 157259902.52 80193872.72
Revolving material 966891.96 31271.27 998163.23
Work in process-outsourced 5290502.32 5290502.32
Total 119539904.60 138029247.57 157762439.12 99806713.05
(3) Explanation on inventories with capitalization of borrowing costs included at ending balance
(4) Assets unsettled formed by construction contract which has completed at period-end
10. Contract assets
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Total 0.00 0.00
Amount and reasons for the major changes of book value of contract assets in the period:
Unit: RMB/CNY
Item Amount changed Cause of change
If the bad debt provision of accrual contract is made in accordance with the general model of expected credit losses please refer to the
disclosure of other account receivables to disclose related information about bad debt provision:
□ Applicable □Not applicable
Impairment provision of contract assets in the period
Unit: RMB/CNY
Item Current accrual Current reversal Charge off/Written-off Causes
Other explanation:
11. Assets held for sale
Unit: RMB/CNY
Ending book Impairment Ending book Estimated Estimated
Item Fair value
balance provision value disposal cost disposal time
Other explanation:
12. Non-current asset due within one year
Unit: RMB/CNY
Item Ending balance Opening balance
Important creditors’ investment/ other creditors’ investment
209深圳市深粮控股股份有限公司2022年年度报告全文
Unit: RMB/CNY
Ending balance Opening balance
Item Maturity Maturity
Face value Coupon rate Actual rate Face value Coupon rate Actual rate
date date
Other explanation:
13. Other current assets
Unit: RMB/CNY
Item Ending balance Opening balance
Financing product 10000000.00
Prepayment of taxes 1152463.71 1403832.26
Input tax to be deducted 31248541.96 77054152.64
Other 196415.59
Total 32597421.26 88457984.90
Other explanation:
14. Creditors’ investment
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Important creditors’ investment
Unit: RMB/CNY
Ending balance Opening balance
Item Maturity Maturity
Face value Coupon rate Actual rate Face value Coupon rate Actual rate
date date
Accrual of impairment provision
Unit: RMB/CNY
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1 2022
————————
in the period
Change of book balance of loss provision with amount has major changes in the period
□ Applicable □Not applicable
210深圳市深粮控股股份有限公司2022年年度报告全文
Other explanation:
15. Other creditors’ investment
Unit: RMB/CNY
Loss
impairment
Change of Accumulated accumulated
Opening Accrual Ending
Item fair value in Cost change of recognized in Note
balance interest balance
the period fair value other
comprehensi
ve income
Important other creditors’ investment
Unit: RMB/CNY
Ending balance Opening balance
Other creditor item Maturity Maturity
Face value Coupon rate Actual rate Face value Coupon rate Actual rate
date date
Accrual of impairment provision
Unit: RMB/CNY
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1 2022
————————
in the period
Change in book balance of loss provision whose amount changed greatly in the period
□ Applicable □Not applicable
Other explanation:
16. Long-term account receivable
(1) Long-term account receivable
Unit: RMB/CNY
Ending balance Opening balance
Discount rate
Item Bad debt Bad debt
Book balance Book value Book balance Book value interval
provision provision
Impairment of bad debt provision
Unit: RMB/CNY
Bad debt provision Phase I Phase II Phase III Total
211深圳市深粮控股股份有限公司2022年年度报告全文
Expected credit Expected credit losses for Expected credit losses for
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1 2022
————————
in the period
Change in book balance of loss provision whose amount changed greatly in the period
□ Applicable □Not applicable
(2) Long-term account receivable derecognition due to the transfer of financial assets
(3) Assets and liabilities formed by long-term account receivable transfer and continuing to be involved
Other explanation
17. Long-term equity investment
Unit: RMB/CNY
Current changes (+-)
Openi Endin Ending
Addi Other Oth Cash Accrua
ng Cap Investme O g balance
tiona compreh er dividend l of
balanc ital nt gains t balanc of
The invested entity l ensive equi or profit impair
e red recognize h e impairm
inve income ty announce ment
(book ucti d under e (book ent
stme adjustme chan d to provisi
value) on equity r value) provision
nt nt ge issued on
I. Joint venture
II. Associated enterprise
Shenzhen Duoxi 2782 -611899. 2170
691.3019792.1
Equity Investment
Fund Management
Co. Ltd.
652.794746.
7829
Zhuhai Hengxing Feed -122138 5
Industrial Co. Ltd. 3.40 2.
0
8
Shenliang Intelligent 28006 - 2688
043.13128.
Wulian Equity 2-843554.
5782
Investment Fund 30
9
(Shenzhen)
212深圳市深粮控股股份有限公司2022年年度报告全文
Partnership Enterprise 3
6
(Limited)
0.
0
3
Shenzhen Shenyuan 11167 240811. 1140
056.2147867.
Data Tech. Co. Ltd
741
Shenbao Liaoyuan 57628.5
3
Investment Company
Shenzhen Shenbao 287000
0.00
(Xinmin) Foods Co.Ltd.Changzhou Shenbao
Chacang E-business
Co. ltd.Shenzhen
Shichumingmen
Catering Management
Co. Ltd.
73490-7067292762
443.436534.8.53
9763
7
-243602
Subtotal 8
5.75
8
3.
1
1
73490-7067292762
443.436534.8.53
9763
7
-243602
Total 8
5.75
8
3.
1
1
Other explanation
18. Other equity instrument investment
Unit: RMB/CNY
Item Ending balance Opening balance
213深圳市深粮控股股份有限公司2022年年度报告全文
Total 0.00 0.00
Itemized the non-tradable equity instrument investment in the period
Unit: RMB/CNY
Causes of those
that designated
Retained earnings measured by fair Cause of retained
transfer from value and with its earnings transfer
Dividend income Cumulative
Item Cumulative gains other variation from other
recognized losses
comprehensive reckoned into comprehensive
income other income
comprehensive
income
Other explanation:
19. Other non-current financial assets
Unit: RMB/CNY
Item Ending balance Opening balance
Financial assets measured by fair value and
whose changes are included in the current 57500.00 57500.00
profit and loss
Total 57500.00 57500.00
Other explanation:
20. Investment real estate
(1) Measured by cost
□ Applicable □Not applicable
Unit: RMB/CNY
Item House and building Land use right Construction in progress Total
I. Original book value
1.Opening balance 583090328.15 583090328.15
2.Current amount
increased
(1) Outsourcing
(2) Inventory\fixed
assets\construction in
process transfer-in
214深圳市深粮控股股份有限公司2022年年度报告全文
(3) Increased by
combination
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 583090328.15 583090328.15
II. Accumulated
depreciation and
accumulated
amortization
1.Opening balance 349993629.66 349993629.66
2.Current amount
15959236.7315959236.73
increased
(1) Accrual or
15959236.7315959236.73
amortization
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 365952866.39 365952866.39
III. Impairment provision
1.Opening balance
2.Current amount
increased
(1) Accrual
3. Current amount
decreased
(1) Disposal
(2) Other transfer-out
215深圳市深粮控股股份有限公司2022年年度报告全文
4.Ending balance
IV. Book value
1.Ending book value 217137461.76 217137461.76
2. Opening book value 233096698.49 233096698.49
(2) Measured by fair value
□ Applicable □Not applicable
(3) Investment real estate without property certificate completed
Unit: RMB/CNY
Item Book value Reasons
Real estate 4757264.25
Other explanation
21. Fixed assets
Unit: RMB/CNY
Item Ending balance Opening balance
Fixed assets 2138124994.69 2124725043.92
Fixed assets liquidation 3211544.17 3106105.27
Total 2141336538.86 2127831149.19
(1) Fixed assets
Unit: RMB/CNY
Machinery Electronic and other
Item House and buildings Transport equipment Total
equipment equipment
I. Original book
value:
1.Opening balance 1865763990.05 727276785.70 20575716.47 93892840.29 2707509332.51
2.Current
45409166.0458013325.4513541.298675516.84112111549.62
amount increased
(1)Purchase 19246699.41 13541.29 5536242.85 24796483.55
(2) Construction
in progress 45409166.04 38766626.04 3139273.99 87315066.07
transfer-in
216深圳市深粮控股股份有限公司2022年年度报告全文
(3) Increased by
combination
3.Current
1969232.804309627.04537196.492969961.529786017.85
amount decreased
(1) Disposal or
4309627.04537196.492718545.197565368.72
scrap
Other 1969232.80 251416.33 2220649.13
4.Ending balance 1909203923.29 780980484.11 20052061.27 99598395.61 2809834864.28
II. Accumulated
depreciation
1.Opening balance 252952615.07 257603342.45 15577950.37 53827426.99 579961334.88
2.Current amount
44851007.8735687638.901126836.0311486528.8293152011.62
increased
(1) Accrual 44851007.87 35687638.90 1126836.03 11486528.82 93152011.62
3.Current amount
1368434.573520135.27417507.242734758.648040835.72
decreased
(1) Disposal or
3520135.27417507.242520702.116458344.62
scrap
Other 1368434.57 214056.53 1582491.10
4.Ending balance 296435188.37 289770846.08 16287279.16 62579197.17 665072510.78
III. Impairment
provision
1.Opening balance 2813063.84 9889.87 2822953.71
2.Current amount
4478118.304478118.30
increased
(1) Accrual 4478118.30 4478118.30
3.Current amount
663713.20663713.20
decreased
(1) Disposal or
663713.20663713.20
scrap
4.Ending balance 6627468.94 9889.87 6637358.81
IV. Book value
217深圳市深粮控股股份有限公司2022年年度报告全文
1.Ending book
1612768734.92484582169.093764782.1137009308.572138124994.69
value
2. Opening book
1612811374.98466860379.414997766.1040055523.432124725043.92
value
(2) Temporarily idle fixed assets
Unit: RMB/CNY
Accumulated Impairment
Item Original book value Book value Note
depreciation provision
(3) Fixed assets leased out by operation
Unit: RMB/CNY
Item Ending book value
(4) Fix assets without property certification held
Unit: RMB/CNY
Reasons for without the property
Item Book value
certification
House buildings 692448149.00 Still under processing
House buildings 84978708.24 Still under processing
House buildings 14715770.60 Remaining issues ongoing follow-up
Other explanation
(5) Fixed assets liquidation
Unit: RMB/CNY
Item Ending balance Opening balance
Machinery equipment 3211360.41 3106105.27
Electronic equipment and others 183.76
Total 3211544.17 3106105.27
Other explanation
22. Construction in progress
Unit: RMB/CNY
Item Ending balance Opening balance
218深圳市深粮控股股份有限公司2022年年度报告全文
Construction in progress 186884912.13 207946539.97
Total 186884912.13 207946539.97
(1) Construction in progress
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Dongguan grain 127376376.09 127376376.09 138980117.20 138980117.20
storage and wharf
matching project
Jiangxia Base Project 31317609.78 31317609.78 27039711.44 27039711.44
Installation 11405601.69 11405601.69
Project/Phase I Project
(Shuangya Mountain)
Pinghu Grain Depot 8584169.91 8584169.91
Phase III Low
Temperature Rice
Warehouse Expansion
and Reconstruction
Project-L2
Pinghu Grain Depot 7637139.21 7637139.21
Phase III Low
Temperature Rice
Warehouse Expansion
and Reconstruction
Project-L4
Cold chain intelligent 3645282.94 3645282.94
system
CDE storage of 4152832.01 4152832.01 1953288.69 1953288.69
Dongguan Food
Industrial Park and
wharf mating projects
Shenyuan data 2777600.00 2777600.00 1587200.00 1587200.00
technology smart
logistics park
management platform
project
Warehouse No. 6 Smart 1175982.45 1175982.45
219深圳市深粮控股股份有限公司2022年年度报告全文
Warehouse Renovation
Project
Deep processing of 513729.78 513729.78 824660.05 824660.05
Dongguan Industry and
Trading Food
Shenbao Plaza project 3842333.64 3842333.64 3842333.64 3842333.64
Small packaging 8250772.32 8250772.32
production line
Shenyuan Data Phase
V Digital Construction
Software Development
Project
Other 13399181.89 903189.74 12495992.15 6016576.13 903189.74 5113386.39
Total 191630435.51 4745523.38 186884912.13 212692063.35 4745523.38 207946539.97
(2) Changes of major construction in progress
Unit: RMB/CNY
Includi
ng:
Propor Accum
Curren amoun Interes
Other tion of ulated
Openi t Transf t of t
decrea Ending project capital Capital
ng amoun er-in Progre capital capital
Item Budget sed in balanc invest ization resour
balanc t fixed ss ization ization
the e ment of ces
e increas assets of rate in
Period in interes
ed interes Period
budget t
t in
Period
Dongg 1242 13898 48338 59942 12737 80.66 80.66 36218 1323 3.00%
000000117.629.8370.96376.%%238.2304.06
uan
0.002078096
grain Financ
storag ial
e and Institut
wharf ion
matchi Loans
ng
project
CDE 1087 1953 2516 31730 4152 98.68 98.68 86730 Financ
30000288.69844.220.90832.01%%568.7
storag ial
0.004
e of Institut
Dongg ion
uan Loans
220深圳市深粮控股股份有限公司2022年年度报告全文
Food
Industr
ial
Park
and
wharf
mating
project
s
23291409350855602590.0013152122941323
Total 30000 3405. 474.0 671.8 9208. 8807. 304.06 --
0.0089981000
(3) Provision for impairment of construction in progress
Unit: RMB/CNY
Item Amount accrual in the period Reasons of accrual
Other explanation
(4) Engineering material
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Other explanation:
23. Productive biological asset
(1) Measured at cost
□ Applicable □Not applicable
Unit: RMB/CNY
Item Plant Livestock Forestry Fisheries Total
I. Original book
value
1.Opening balance 416771.28 416771.28
2.Current amount
increased
(1)Outsourcing
221深圳市深粮控股股份有限公司2022年年度报告全文
(2)self-cultivate
3.Current amount
decreased
(1)Disposal
(2)Other
4.Ending balance 416771.28 416771.28
II. Accumulated
depreciation
1.Opening balance 38769.48 38769.48
2.Current amount
9692.409692.40
increased
(1)Accrual 9692.40 9692.40
3.Current amount
decreased
(1)Disposal
(2)Other
4.Ending balance 48461.88 48461.88
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
222深圳市深粮控股股份有限公司2022年年度报告全文
1.Ending book
368309.40368309.40
value
2. Opening book
378001.80378001.80
value
(2) Measured at fair value
□ Applicable □Not applicable
24. Oil and gas asset
□ Applicable □Not applicable
25. Right-of-use asset
Unit: RMB/CNY
Item House building Land use rights Total
I. Original book value
1.Opening balance 114263346.96 1903312.71 116166659.67
2.Current amount
2495073.862495073.86
increased
New leasing 2495073.86 2495073.86
3.Current amount
79643.4979643.49
decreased
4.Ending balance 116758420.82 1823669.22 118582090.04
II. Accumulated depreciation
1.Opening balance 18280071.52 237914.09 18517985.61
2.Current amount
21525543.86233722.2921759266.15
increased
(1) Accrual 21525543.86 233722.29 21759266.15
3.Current amount
decreased
(1) Disposal
4.Ending balance 39805615.38 471636.38 40277251.76
III. Impairment provision
223深圳市深粮控股股份有限公司2022年年度报告全文
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 76952805.44 1352032.84 78304838.28
2. Opening book value 95983275.44 1665398.62 97648674.06
Other explanation:
26. Intangible assets
(1) Intangible assets
Unit: RMB/CNY
Non-pat
Tradem Software
Land use ent Forest use Shop use
Item Patent ark usage Other Total
right technolo rights rights
rights rights
gy
I. Original
book
value
1.Opening 63949728 4724591 184073 5484123 2285910 3610487 2122142 78945952
2.338.89.321.994.98.372.641.52
balance
2.Current 3714520. 1124262 14957140.
220.2951
amount
increased
(1)5735498.5735498.2
244
Purchase
(2)Interna
l R&D
(3)
Increased
by
224深圳市深粮控股股份有限公司2022年年度报告全文
combinati
on
Constructi 3714520. 5507122. 9221642.2
22057
on in
progress
transferre
d-in
3.Current
amount
decreased
(1)
Disposal
4.Ending 63949728 5096043 184073 6608385 2285910 3610487 2122142 80441666
2.339.11.322.284.98.372.642.03
balance
II.Accumula
ted
depreciati
on
1.Opening 11189716 2942116 134532 1590470 6944583. 1525322 7543227. 17337070
0.878.19.765.8032.61731.28
balance
2.Current 15922467. 1284837. 11653.0 8069184. 772863.0 54002.70 3819275. 29934283.
365871658678
amount
increased
(1)15922467.1284837.11653.08069184.772863.054002.703819275.29934283.
365871658678
Accrual
3.Current
amount
decreased
(1)
Disposal
4.Ending 12781962 3070600 146185 2397388 7717446. 1579325 1136250 20330498
8.235.77.839.9637.313.595.06
balance
III.Impairme
nt
provision
225深圳市深粮控股股份有限公司2022年年度报告全文
1.Opening 5553283. 1130341. 6683625.4
54882
balance
2.Current
amount
increased
(1)
Accrual
3.Current
amount
decreased
(1)
Disposal
4.Ending 5553283. 1130341. 6683625.4
54882
balance
IV. Book
value
1.Ending 51167765 1470114 37887. 4097962 1514165 2031162 9858919. 59442805
4.109.80490.448.61.06051.55
book
value
2.52760012122714649540.378061815914522085164136781960940519
1.467.16564.311.66.764.914.82
Opening
book
value
Ratio of the intangible assets from internal R&D in balance of intangible assets at period-end
(2) Land use rights without certificate of ownership
Unit: RMB/CNY
Item Book value Reasons for without the property
certification
Land use rights 7849990.00 Still in process
Other explanation:
27. Expense on research and development
Unit: RMB/CNY
Item Opening Current amount increased Current amount decreased Ending
226深圳市深粮控股股份有限公司2022年年度报告全文
balance Internal Confirmed as Transfer to balance
development Other intangible current profit
expenditure assets and loss
Total
Other explanation
28. Goodwill
(1) Goodwill original book value
Unit: RMB/CNY
Current increased Current decreased
The invested
Formed by
entity or matters Opening balance Ending balance
business Disposal
forming goodwill
combination
Wuhan Jiacheng 1953790.56 1953790.56
Biotechnology
Co. Ltd
Yunnan Pu’er Tea 673940.32 673940.32
Trading Center
Co. Ltd.Total 2627730.88 2627730.88
(2) Goodwill impairment provision
Unit: RMB/CNY
The invested Current increased Current decreased
entity or matters Opening balance Ending balance
Accrual Dispose
forming goodwill
Wuhan Jiacheng
Biotechnology
Co. Ltd
Yunnan Pu’er Tea
Trading Center 673940.32 673940.32
Co. Ltd.Total 673940.32 673940.32
Relevant information about the assets group or portfolio goodwill included
In May 2016 Ju Fang Yong Holdings a sub-subsidiary of the Company acquired 15.00% equity in Pu’er Tea
Trading Center held by Yunnan Hengfengxiang Investment Co. Ltd. After the completion of the acquisition the
227深圳市深粮控股股份有限公司2022年年度报告全文
Company has control over the Pu’er Tea Trading Center. The difference between the combined cost and the fair
value of net identifiable assets on the combination date formed goodwill of 673940.32 yuan. As of December 31
2022 the full provision for impairment had been made.
The Company invested in the purchase of 51.00% equity in Wuhan Jiacheng in August 2021. After the completion
of the purchase the Company has control over Wuhan Jiacheng. The difference between the combined cost and
the fair value of the net identifiable assets on the combination date formed goodwill of 1953790.56 yuan. The
Company engaged Yinxin Appraisal Co. Ltd. to issue an appraisal report. The appraisal method was to conduct
impairment test on the asset portfolio including goodwill and calculate the recoverable amount of such asset
portfolio with the present value of estimated future cash flow of such asset portfolio. After testing there was no
impairment in the goodwill formed by the company’s acquisition of Wuhan Jiacheng at the end of the period.Instructions for goodwill impairments test process and key parameters (such as the forecast period growth rate stable period growth
rate profit rate discount rate and forecast period when estimating the present value of the future cash flow) and the method of
confirming the impairment loss of goodwill:
Impact of goodwill impairment test
Other explanation
29. Long-term expenses to be apportioned
Unit: RMB/CNY
Current amount
Item Opening balance Current amortization Other decreased Ending balance
increased
Improve expenditure 14283062.63 9114462.10 5765573.05 17631951.68
for fix assets
Decoration fee 9235428.02 4227681.97 2857309.09 2429.78 10603371.12
Improve expenditure 283138.77 38175.96 244962.81
for investment real
estate
Affiliated project of 70356.31 26383.56 43972.75
resident area in
Wuyuan Ju Fang
Yong
Other 4923220.72 1127906.80 1499135.98 4551991.54
Total 28795206.45 14470050.87 10186577.64 2429.78 33076249.90
Other explanation
30. Deferred income tax asset /Deferred income tax liabilities
(1) Deferred income tax assets not offset
Unit: RMB/CNY
228深圳市深粮控股股份有限公司2022年年度报告全文
Ending balance Opening balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
differences asset differences asset
Impairment provision for
61591107.9414415444.3362056367.0515139642.20
assets
Unrealized profits in
3044122.07456618.312250127.31337519.10
internal transactions
Right-of-use asset 3305416.87 495812.53 2383937.40 357590.61
Credit impairment loss 101461154.87 24872591.18 99371735.40 24694673.56
Total 169401801.75 40240466.35 166062167.16 40529425.47
(2) Deferred income tax liability not offset
Unit: RMB/CNY
Ending balance Opening balance
Item Taxable temporary Deferred income tax Taxable temporary Deferred income tax
differences liabilities differences liabilities
Asset evaluation
increment of enterprise
59019394.0113381949.4761157763.6913868191.82
combine under different
control
Total 59019394.01 13381949.47 61157763.69 13868191.82
(3) Deferred income tax assets and deferred income tax liabilities listed after off-set
Unit: RMB/CNY
Trade-off between the Ending balance of Trade-off between the Opening balance of
deferred income tax deferred income tax deferred income tax deferred income tax
Item
assets and liabilities assets or liabilities after assets and liabilities at assets or liabilities after
off-set period-begin off-set
Deferred income tax
40240466.3540529425.47
asset
Deferred income tax
13381949.4713868191.82
liabilities
(4) Details of uncertain deferred income tax assets
Unit: RMB/CNY
Item Ending balance Opening balance
Deductible temporary differences 139979872.07 155064630.67
229深圳市深粮控股股份有限公司2022年年度报告全文
Deductible loss 205772485.05 254117581.76
Total 345752357.12 409182212.43
(5) Deductible losses of un-recognized deferred income tax assets expiring in following years
Unit: RMB/CNY
Year Ending amount Opening amount Note
202233523647.10
202343533321.7851197266.16
202426558015.8531190814.78
202522735816.7989693860.31
202638812670.4648511993.41
202774132660.17
Total 205772485.05 254117581.76 --
Other explanation:
31. Other non-current asset
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Prepaid for
122351.00122351.001329101.001329101.00
equipment
Prepaid for
8831064.908831064.904602630.584602630.58
system
Total 8953415.90 8953415.90 5931731.58 5931731.58
Other explanation:
32. Short-term loans
(1) By category
Unit: RMB/CNY
Item Ending balance Opening balance
Guaranteed Loan 10015277.78 1500000.00
Loan in credit 1182195809.59 503266782.25
Total 1192211087.37 504766782.25
230深圳市深粮控股股份有限公司2022年年度报告全文
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:
Unit: RMB/CNY
Borrower Ending balance Loan rate Overdue time Overdue interest
Other explanation:
33. Tradable financial liability
Unit: RMB/CNY
Item Ending balance Opening balance
Tradable financial liability 288486.18
Including:
Including:
Total 288486.18 0.00
Other explanation:
34. Derivative financial liability
Unit: RMB/CNY
Item Ending balance Opening balance
Total 0.00 0.00
Other explanation:
35. Note payable
Unit: RMB/CNY
Category Ending balance Opening balance
Total 0.00 0.00
Notes expiring at year-end not repaid was 0.00 yuan.
36. Account payable
(1) Account payable
Unit: RMB/CNY
Item Ending balance Opening balance
231深圳市深粮控股股份有限公司2022年年度报告全文
Trade accounts payable 193989937.97 154756781.25
Account payable for engineering 196037079.96 271692014.89
Other 122000.20 457873.57
Total 390149018.13 426906669.71
(2) Major accounts payable with age over one year
Unit: RMB/CNY
Item Ending balance Reasons of outstanding or carry-over
Other explanation:
37. Accounts received in advance
(1) Accounts received in advance
Unit: RMB/CNY
Item Ending balance Opening balance
Other 1355802.01 2379891.67
Total 1355802.01 2379891.67 562553.20
(2) Important account received in advance with account age over one year
Unit: RMB/CNY
Item Ending balance Reasons of outstanding or carry-over
38. Contractual liabilities
Unit: RMB/CNY
Item Ending balance Opening balance
Sales price 110177908.96 182972314.85
Total 110177908.96 182972314.85
Amount and reasons for important changes in book value in the period
Unit: RMB/CNY
Item Amount changed Reasons of changes
39. Wage payable
(1) Wage payable
Unit: RMB/CNY
232深圳市深粮控股股份有限公司2022年年度报告全文
Item Opening balance Current increased Current decreased Ending balance
I. Short-term
302581812.37350021242.84328200407.88324402647.33
compensation
II. After-service
welfare-defined 17397568.50 28486749.23 31929133.23 13955184.50
contribution plans
III. Dismissed welfare 726674.60 1598044.72 1448044.72 876674.60
Total 320706055.47 380106036.79 361577585.83 339234506.43
(2) Short-term compensation
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
1. Wage bonus
295270793.56308151725.05287776547.07315645971.54
allowance and subsidy
2. Employees’ welfare 396756.42 13145506.23 12744002.49 798260.16
3. Social insurance
349682.306408556.326384908.06373330.56
charges
Including: medical
314270.805822925.635806233.24330963.19
insurance premium
Industrial injury
insurance 6181.14 229862.11 227613.69 8429.56
premiums
Maternity
insurance 29230.36 355768.58 351061.13 33937.81
premiums
4. Housing public reserve 16385189.68 16334382.48 50807.20
5. Trade union fee and
6564580.095930265.564960567.787534277.87
education fee
Total 302581812.37 350021242.84 328200407.88 324402647.33
(3) Defined contribution plans
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
1. Basic endowment
17513731.5617163373.42350358.14
insurance premiums
2. Unemployment
8702.95201745.18200191.4110256.72
insurance premiums
3. Enterprise annuity 17388865.55 10771272.49 14565568.40 13594569.64
Total 17397568.50 28486749.23 31929133.23 13955184.50
233深圳市深粮控股股份有限公司2022年年度报告全文
Other explanation:
40. Taxes payable
Unit: RMB/CNY
Item Ending balance Opening balance
VAT 4549095.77 5394516.81
59136130.15
Enterprise income tax 75860781.94
3246378.11
Personal income tax 2264416.73
Urban maintenance and construction tax 254333.53 247110.08
Property tax 1333445.64 1310817.90
Stamp tax 1175093.10 648290.86
Deed tax 664227.84 664227.84
Use tax of land 190127.68 214536.03
Educational surtax 185644.26 203981.23
Other 4908.73 4908.73
Total 70739384.81 86813588.15
Other explanation:
41. Other account payable
Unit: RMB/CNY
Item Ending balance Opening balance
Dividend payable 2933690.04 2933690.04
Other account payable 296860258.44 373673508.95
Total 299793948.48 376607198.99
(1) Interest payable
Unit: RMB/CNY
Item Ending balance Opening balance
Major overdue interest:
Unit: RMB/CNY
Borrower Overdue amount Overdue causes
Other explanation:
234深圳市深粮控股股份有限公司2022年年度报告全文
(2) Dividend payable
Unit: RMB/CNY
Item Ending balance Opening balance
Common stock dividend 2933690.04 2933690.04
Total 2933690.04 2933690.04
Other explanation including important dividend payable which hasn’t been paid over one year disclose reasons for not paying.
(3) Other account payable
1) By nature
Unit: RMB/CNY
Item Ending balance Opening balance
Engineering quality retention money and
1360325.161436175.56
fund of tail
Deposit and margin 73717653.72 134841365.60
Intercourse funds and other 212410539.40 201486678.66
Drawing expenses in advance 9371740.16 35909289.13
Total 296860258.44 373673508.95
2) Significant other account payable with over one year age
Unit: RMB/CNY
Item Ending balance Reasons of outstanding or carry-over
Other explanation
Nil
42. Liability held for sale
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
43. Non-current liabilities due within one year
Unit: RMB/CNY
Item Ending balance Opening balance
Long-term loans due within one year 108955105.34
235深圳市深粮控股股份有限公司2022年年度报告全文
Lease liabilities due within one year 21770690.45 19777369.82
Total 21770690.45 128732475.16
Other explanation:
44. Other current liabilities
Unit: RMB/CNY
Item Ending balance Opening balance
Payable refund payment 33600.00
VAT payable 1078519.07 4367576.91
Total 1112119.07 4367576.91
Change of short-term bonds payable:
Unit: RMB/CNY
Premium
Accrual
and
Face Issuance Bonds Amount Opening Issued in interest Paid in Ending
Bonds discount
value date term issued balance the period b y face the period balance
amortizati
value
on
Total -- -- --
Other explanation:
45. Long-term loans
(1) By category
Unit: RMB/CNY
Item Ending balance Opening balance
Mortgage + guarantee 730521692.22
Total 0.00 730521692.22
Explanation on category of long-term loans:
Other explanation including interest rate range:
46. Bonds payable
(1) Bonds payable
Unit: RMB/CNY
Item Ending balance Opening balance
236深圳市深粮控股股份有限公司2022年年度报告全文
Total 0.00 0.00
(2) Changes of bonds payable (not including the other financial instrument of preferred stock and
perpetual capital securities that classify as financial liability)
Unit: RMB/CNY
Premium
Accrual
and
Face Issuance Bonds Amount Opening Issued in interest Paid in Ending
Bonds discount
value date term issued balance the period by face the period balance
amortizati
value
on
Total --
(3) Convertible conditions and time for shares transfer for the 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
Unit: RMB/CNY
Outstanding Period-beginning Current increased Current decreased Period-end
financial
Amount Book value Amount Book value Amount Book value Amount Book value
instrument
Explanation on the basis for classifying other financial instrument into financial liability
Other explanation
47. Lease liability
Unit: RMB/CNY
Item Ending balance Opening balance
Lease payments 88673874.53 110058216.03
Unrecognized financing charges -6466304.42 -10107102.46
Lease liabilities due within one year -21770690.45 -19777369.82
Total 60436879.66 80173743.75
Other explanation
48. Long-term account payable
Unit: RMB/CNY
237深圳市深粮控股股份有限公司2022年年度报告全文
Item Ending balance Opening balance
Special account payable 17620572.48 17266921.98
Total 17620572.48 17266921.98
(1) By nature
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
(2) Special account payable
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance Causes
Depreciation fund
16277275.9857081.505600.0016328757.48
for grain deposits
Shenzhen Hospital
Phase III Housing
Expropriation 989646.00 302169.00 1291815.00
Property Rights
Exchange
Total 17266921.98 359250.50 5600.00 17620572.48
Other explanation:
49. Long-term wage payable
(1) Long-term wage payable
Unit: RMB/CNY
Item Ending balance Opening balance
Total 0.00 0.00
(2) Changes of defined benefit plans
Present value of the defined benefit plans:
Unit: RMB/CNY
Item Current Period Last Period
Scheme assets:
Unit: RMB/CNY
Item Current Period Last Period
238深圳市深粮控股股份有限公司2022年年度报告全文
Net liability (assets) of the defined benefit plans
Unit: RMB/CNY
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:
Other explanation:
50. Accrual liabilities
Unit: RMB/CNY
Item Ending balance Opening balance Causes
External guarantee 3500000.00 3500000.00
Total 3500000.00 3500000.00 --
Other explanation including relevant important assumptions and estimation:
According to the civil judgment made by the Shenzhen Intermediate People’s Court in the disputes over loan
contract between Changzhou Shenbao Chacang E-business Co.Ltd. and Shenzhen Agricultural Products
Financing Guarantee Co. Ltd. the Company shall assume joint and several liabilities for repayment of the debts
of Changzhou Shenbao Chacang E-business Co. ltd. within the scope of 3.5 million yuan.
51. Deferred income
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance Causes
Government grant 93129536.68 6052399.41 87077137.27
Total 93129536.68 6052399.41 87077137.27 --
Item involved with government grants:
Unit: RMB/CNY
Amo
unt
reck
Amount Cost Othe
New grants oned Assets-rel
Opening reckoned in reduction r Ending
Liability in the in ated/inco
balance non-operatio in the chan balance
Period othe me related
n revenue period ges
r
inco
me
Intelligent
management of 200 Assets-rel
266666.52000.66666.48
grain depot based ated
04
on mobile internet
239深圳市深粮控股股份有限公司2022年年度报告全文
Special funds for
intelligent
upgrading and 954 Assets-rel
transformation of 6287083.39 999. 5332083.43
ated
grain warehouse 96“Grain SafetyProject”
Government 151 Assets-rel
central financial 6219714.58 193 4707783.99
ated
funds 0.59
Base of further 274 Assets-rel
processing for tea 274999.96 999.ated
and nature plants 96
Special fund for
the development of 351 Assets-rel
strategic emerging 2485265.75 209. 2134056.71
ated
industries in 04
Shenzhen
Industrialization of 196 Assets-rel
1494799.03445.1298353.15
instant tea powder ated
88
Subsidies for
industrial
technological
advancement to the 204 Assets-rel
1375227.49024.1171203.01
enterprise whose ated
48
technology center
is a municipal
R&D center
Grant for key
technology 142 Assets-rel
research and 110276.21 44.9 96031.25
ated
industrialization of 6
instant tea powder
Construction
amount for 50 tons 124 Assets-rel
for clearly 124999.90 999.ated
processing for 90
famous tea
Subsidy for supply 150 Assets-rel
system 150000.00 000.ated
00
construction of
240深圳市深粮控股股份有限公司2022年年度报告全文
agricultural
products
Construction of
O2O community
sales service
system for high 345 Assets-rel
1679875.0847.01645328.02
quality grain and ated
6
oil based on B2C
E-commerce
platform
Industrialization of
Doximi 241 Assets-rel
241860.58860.
E-commerce ated
58
platform
Grain storage
project of
Dongguan 262 Assets-rel
7455646.47257.7193389.35
Shenliang ated
12
Logistics Co. Ltd.- Storage A
Phase II of grain
storage project of
Dongguan 103 28843497.4 Assets-rel
29874797.96130
Shenliang 4 ated
0.52
Logistics Co. Ltd.-
Storage B
Grain oil and food
headquarters and
innovative public
18000000.0 Assets-rel
service platform of 18000000.00
0 ated
Dongguan
Shenliang
Logistics Co. Ltd.Construction of
450000 ton silos
and 60000 ton 499 16588744.4 Assets-rel
17088323.76579.
film silos -CDE 4 ated
32
warehouse. Gas
storage bin
Other explanation:
241深圳市深粮控股股份有限公司2022年年度报告全文
52. Other non-current liabilities
Unit: RMB/CNY
Item Ending balance Opening balance
Total 0.00 0.00
Other explanation:
53. Share capital
Unit: RMB/CNY
Increased (decreased) in this year +-
Opening Shares
Ending balance
balance New shares Bonus shares converted from Other Subtotal
issued
public reserve
1152535254.1152535254.
Total shares
0000
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
Unit: RMB/CNY
Outstanding Period-beginning Current increased Current decreased Period-end
financial
Quantity Book value Quantity Book value Quantity Book value Quantity Book value
instrument
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
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Capital premium (Share
1250743274.791250743274.79
capital premium)
Other capital reserve 8896381.86 8896381.86
Total 1259639656.65 1259639656.65
Other instructions including changes in the current period reasons for changes:
242深圳市深粮控股股份有限公司2022年年度报告全文
56. Treasury stock
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Total 0.00 0.00
Other explanation including changes and reason for changes:
57. Other comprehensive income
Unit: RMB/CNY
Current Period
Less: written in other Less: written in other
Account comprehensive comprehensive
Less : Attributable Attributable to
Opening before income in previous income in previous Ending
Item income to parent minority
balance income period and carried period and carried balance
tax company shareholders
tax in the forward to gains and forward to retained
expense after tax after tax
period losses in current earnings in current
period period
Total of other
comprehensive 0.00 0.00
income
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
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Work safety fee 1748440.14 1528138.44 220301.70
Total 0.00 1748440.14 1528138.44 220301.70
Other explanation including changes in current period and reason for changes:
59. Surplus public reserve
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Statutory surplus
405575490.4234048674.25439624164.67
reserves
Total 405575490.42 34048674.25 439624164.67
Other explanation including changes in current period and reasons for changes:
243深圳市深粮控股股份有限公司2022年年度报告全文
60. Retained profit
Unit: RMB/CNY
Item Current period Last period
Retained profit at the end of the previous year
1812541701.271637536441.03
before adjustment
Retained profit at the beginning of the year after
1812541701.271637536441.03
adjustment
Add: net profit attributable to shareholder of
420594871.27428720226.09
parent company
Less: withdrawal of legal surplus reserve 34048674.25 23207915.05
Common stock dividends payable 288133813.50 230507050.80
Retained profit at period-end 1910954084.79 1812541701.27
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 was affected by 0.00
yuan.
5) Due to other adjustments the retained profits at the beginning of the period was affected by 0.00 yuan.
61. Operating income and operating cost
Unit: RMB/CNY
Current period Last period
Item
Income Cost Income Cost
Main business 8310797045.00 7169707326.38 10131502397.87 8852377867.94
Other business 1926013.19 3151108.47 8061312.24 6907441.49
Total 8312723058.19 7172858434.85 10139563710.11 8859285309.43
Is the lower of the audited net profit before and after deduction of non-recurring gains and losses is negative?
□Yes □No
Information relating to revenue:
Unit: RMB/CNY
Category Branch 1 Branch 2 Total
Product types
Including:
244深圳市深粮控股股份有限公司2022年年度报告全文
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:
Nil
Information related to the transaction price apportioned to the remaining performance obligations:
The amount of income corresponding to the performance obligations that have been signed at the end of this reporting period but
have not yet begun or have not been completed is 110177908.96 yuan among them 110177908.96 yuan of revenue is expected to
be recognized in one year.Other explanation
62. Tax and surcharges
Unit: RMB/CNY
Item Current period Last period
Consumption tax 1881093.08 1211971.88
245深圳市深粮控股股份有限公司2022年年度报告全文
Urban maintenance and construction tax 983830.68 948922.05
Property tax 9907629.09 9323401.45
Use tax of land 2237912.97 2211825.47
Vehicle and vessel use tax 25735.60 13661.76
Stamp duty 2871200.49 2926117.62
Other 29074.09 73180.88
Total 17936476.00 16709081.11
Other explanation:
63. Sales expenses
Unit: RMB/CNY
Item Current period Last period
Labor and social security benefits 105464733.79 94568349.97
Depreciation and amortization of
13019789.9231076514.02
long-term assets
Utilities and office expenses 10615703.94 8357718.26
After-sale services 8920055.76 5522682.72
Warehousing loading and unloading
8426439.8333509528.43
fees
Equivalent loss for low value perishable
6199952.3111129938.10
goods
Port terminal fee 4914370.42 44060197.04
Travel expenses 1371204.88 2154287.30
Business hospitality expenses 1364065.19 1685748.60
Advertisement charge 1158015.36 2164753.84
Rental fee 1113437.27 5099681.66
Property insurance premium 770044.57 978519.97
Logistics transportation fee 587885.79 666951.32
Sales commission 328322.18 556125.11
Automobile expenses 268962.67 466576.87
Other 11237632.82 8218900.46
Total 175760616.70 250216473.67
Other explanation:
246深圳市深粮控股股份有限公司2022年年度报告全文
64. Administration expenses
Unit: RMB/CNY
Item Current period Last period
Labor and social security benefits 199977753.70 229304676.04
Depreciation and amortization of
42215859.4538977012.47
long-term assets
Office expenses 10899484.39 9301150.76
Intermediary agency fee 5321856.45 6175091.19
Communication fee 1656208.69 1443744.11
Vehicle usage fee 1194282.41 1269178.88
Travel expenses 1153576.40 1580964.19
Business hospitality 654449.12 1381214.23
Relocation and shutdown costs 535740.91 1018858.86
Repair cost 310474.85 496196.40
Low-value consumables 74796.32 110748.00
Rental 88776.37 2339027.66
Other 16474381.06 7337722.55
Total 280557640.12 300735585.34
Other explanation:
65. R&D expenses
Unit: RMB/CNY
Item Current period Last period
Labor and social security benefits 12682987.40 12072003.58
Depreciation cost 2581188.36 3817723.52
Office expenses 92438.24 108480.49
Maintenance and inspection fee 673414.26 496210.10
Travel expenses 365098.43 835159.10
Materials consumption 97815.85 1230299.67
Intermediary fees 113250.95 65949.62
Automobile expenses 26429.50 38651.46
Other 1916430.05 2025016.59
Total 18549053.04 20689494.13
Other explanation:
247深圳市深粮控股股份有限公司2022年年度报告全文
66. Financial expenses
Unit: RMB/CNY
Item Current period Last period
Interest expenses 52421870.87 57185980.70
Including: interest expenses of lease
3791745.454186156.64
liability
Less: Interest income 895316.44 2369604.37
Exchange gains or loss -971444.48 264807.96
Handling fee 801938.60 1287402.39
Total 51357048.55 56368586.68
Other explanation:
67. Other income
Unit: RMB/CNY
Sources Current Period Last Period
Government grant 8775672.58 15739392.31
Input tax deduction 723361.58
Handling fees for withholding personal
296808.43
income tax
Direct reduction of value-added tax 37024.53
Other 6917.25
Total 9839784.37 15739392.31
68. Investment income
Unit: RMB/CNY
Item Current period Last period
Long-term equity investment income
-2813908.86275295.65
measured by equity
Investment income from disposal of long-term
-3412304.80
equity investment
Other 8455442.20 4014308.85
Total 2229228.54 4289604.50
Other explanation:
248深圳市深粮控股股份有限公司2022年年度报告全文
69. Net exposure hedge gains
Unit: RMB/CNY
Item Current period Last period
Total 0.00 0.00
Other explanation:
70. Income of fair value changes
Unit: RMB/CNY
Sources Current Period Last Period
Tradable financial assets 307033.09 299292.76
Tradable financial liabilities -288486.18
Total 18546.91 299292.76
Other explanation:
71. Credit impairment loss
Unit: RMB/CNY
Item Current period Last period
Loss of bad debt of other account
-1572712.37-836446.94
receivable
Loss of bad debt of account receivable 215868.78 2991334.49
Total -1356843.59 2154887.55
Other explanation:
72. Assets impairment loss
Unit: RMB/CNY
Item Current period Last period
II. Inventory price drop loss and contract
-138029247.57-184486526.84
performance cost impairment loss
V. Impairment losses on fixed assets -4478118.30
Total -142507365.87 -184486526.84
Other explanation:
73. Income from assets disposal
Unit: RMB/CNY
249深圳市深粮控股股份有限公司2022年年度报告全文
Sources Current Period Last Period
Profit and loss on disposal of non-current
-25417.6929437150.82
assets
74. Non-operating income
Unit: RMB/CNY
Amount included in the current
Item Current period Last period
non-recurring profit and loss
Government grants 132228.97
Liquidated damages
5636491.911028555.005636491.91
compensation income
Government demolition 1100000.00 11277891.00
1100000.00
compensation
Profit from inventory surplus 27924.91 27924.91
Other 1230595.15 2201990.56 1230595.15
Total 7995011.97 14640665.53 7995011.97
Government grants reckoned into current gains/losses:
Unit: RMB/CNY
Whether the
impact of
Whether Assets
Issuing subsidies on Amount of Amount of
Grants Issuing cause Property type special related/Incom
subject the current this period last period
subsidies e related
profit and
loss
Other explanation:
75. Non-operating expenditure
Unit: RMB/CNY
Amount included in the current
Item Current period Last period
non-recurring profit and loss
External donations 4777.87 151077.90 4777.87
Penalty expenses (and
39883.0965275.0039883.09
liquidated damages)
Inventory loss 40474.63 40474.63
Loss of scrap from non-current
33127.5785970.2533127.57
assets
Compensation 503125.60 126800.00 503125.60
250深圳市深粮控股股份有限公司2022年年度报告全文
Other 364482.72 1076240.78 364482.72
Total 985871.48 1505363.93 985871.48
Other explanation:
76. Income tax expense
(1) Income tax expense
Unit: RMB/CNY
Item Current period Last period
Current income tax expenses 52809277.10 79091857.01
Deferred income tax expenses -197283.23 725783.61
Total 52611993.87 79817640.62
(2) Adjustment process of accounting profit and income tax expenses
Unit: RMB/CNY
Item Current Period
Total profit 470910862.09
Income tax expenses calculated by statutory/applicable tax rate 117727715.52
Impact from different tax rate applicable with subsidiaries -1219801.13
Effect of adjusting income tax in the previous period -12734280.11
Impact of non taxable income -268850659.48
Impact of cost expenses and losses unable to be deducted 202448410.38
Impact of the use of a previously unrecognized deferred income -6065543.95
tax asset on deductible losses
Impact of unrecognized deferred income tax assets in current 23742099.61
period on deductible temporary differences or deductible losses
Other -2435946.97
Income tax expenses 52611993.87
Other explanation
77. Other comprehensive income
For more details refer to notes.
251深圳市深粮控股股份有限公司2022年年度报告全文
78. Items of cash flow statement
(1) Cash received with other operating activities concerned
Unit: RMB/CNY
Item Current period Last period
Intercourse funds and deposit 384721628.52 468799201.24
Government grants 2723273.17 8291119.64
Interest income 895316.44 2369604.37
Other 11785691.59
Total 400125909.72 479459925.25
Note of cash paid with other operating activities concerned:
(2) Cash paid with other operating activities concerned
Unit: RMB/CNY
Item Current period Last period
Intercourse funds and deposit 421829887.01 491065095.21
Operating daily expenses 97426875.34 143556540.75
Other 795248.00
Total 520052010.35 634621635.96
Note of cash paid with other operating activities concerned:
(3) Cash received with other investment activities concerned
Unit: RMB/CNY
Item Current period Last period
Total 0.00 0.00
Note of cash received with other investment activities concerned:
(4) Cash paid related with investment activities
Unit: RMB/CNY
Item Current period Last period
Loss of control of subsidiaries 404.68
Total 404.68 0.00
Note of cash paid related with investment activities:
252深圳市深粮控股股份有限公司2022年年度报告全文
(5) Cash received with other financing activities concerned
Unit: RMB/CNY
Item Current period Last period
Total 0.00 0.00
Note of cash received with other financing activities concerned:
(6) Other cash paid related with financing activities
Unit: RMB/CNY
Item Current period Last period
Operating lease rent paid 24121307.93 20527342.78
Other 363846.74
Total 24485154.67 20527342.78
Note of other cash paid related with financing activities:
79. Supplementary information to statement of cash flow
(1) Supplementary information to statement of cash flow
Unit: RMB/CNY
Supplementary information Current period Last period
1. Net profit adjusted to cash flow of
----
operation activities:
Net profit 418298868.22 436310641.83
Add: Impairment provision for assets 143864209.46 182331639.29
Depreciation of fixed assets
consumption of oil assets and depreciation of
productive biology assets 109120940.75 91236937.27
Depreciation of right-of-use assets 21759266.15 18517985.61
Amortization of intangible assets 29934283.78 28924251.69
Amortization of long-term pending
10186577.648233329.55
expenses
Loss from disposal of fixed assets
intangible assets and other long-term assets 25417.69 -29437150.82
(income is listed with “-”)
Losses on scrapping of fixed assets
33127.5785970.25(income is listed with “-“)
253深圳市深粮控股股份有限公司2022年年度报告全文
Loss from change of fair value
-18546.91-299292.76(income is listed with “-“)Financial expenses (income is
51450426.3957450788.66
listed with “-”)
Investment loss (income is listed
-2229228.54-4289604.50
with “-”)
Decrease of deferred income tax
288959.121043335.56
assets (increase is listed with “-”)
Increase of deferred income tax
-486242.35-317551.95
asset( (increase is listed with “-”)
Decrease of inventory (increase is
-276452543.28-227050518.73
listed with “-”)
Decrease of operating receivable
136294792.53-149494290.67
accounts (increase is listed with “-”)
Increase of operating payable
-110181541.5827149559.26
accounts (decrease is listed with “-”)
Other
Net cash flow arising from
531888766.64440396029.54
operating activities
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 53095469.26 49370080.20
Less: beginning balance of cash 49370080.20 190494225.94
Add: ending balance of cash
equivalents
Less: beginning balance of cash
equivalents
Net increasing of cash and cash
3725389.06-141124145.74
equivalents
(2) Net cash paid for obtaining subsidiary in the Period
Unit: RMB/CNY
Amount
254深圳市深粮控股股份有限公司2022年年度报告全文
Including:
Including
Including:
Other explanation:
(3) Net cash received by disposing subsidiary in the Period
Unit: RMB/CNY
Amount
Including:
Minus: Cash and cash equivalents held by the company on the day
404.68
of loss of control
Including:
Including: Hangzhou Ju Fang Yong Trading Co. Ltd. 404.68
Including:
Net cash received from disposal of subsidiaries -404.68
Other explanation:
(4) Component of cash and cash equivalent
Unit: RMB/CNY
Item Ending balance Opening balance
I. Cash 53095469.26 49370080.20
Including: Cash on hand 69686.00 29370.19
Bank deposit available for
52829469.1549133969.39
payment at any time
Other monetary fund available for
196314.11206740.62
payment at any time
III. Ending balance of cash and cash
53095469.2649370080.20
equivalent
Other explanation:
80. Notes of changes of owners’ equity
Explain the name and adjusted amount in “Other” items that have been adjusted to the ending balance of the previous year
81. Assets with ownership or use right restricted
Unit: RMB/CNY
255深圳市深粮控股股份有限公司2022年年度报告全文
Item Ending book value Reasons for restriction
Money funds 1008301.74 Guarantee deposit and credit deposit etc.Total 1008301.74 --
Other explanation:
82. Foreign currency monetary items
(1) Foreign currency monetary items
Unit: RMB/CNY
Ending foreign currency Ending RMB balance
Item Convert rate
balance converted
Monetary fund 1461219.72
Including: USD 177782.42 6.9646 1238183.44
EURO 5843.85 7.4229 43378.31
HKD 201117.17 0.8933 179657.97
Account receivable 4741014.36
Including: USD 640158.59 6.9646 4458448.52
EURO
HKD 316316.85 0.8933 282565.84
Long-term loans
Including: USD
EURO
HKD
Other explanation:
(2) Explanation on foreign operational entity including as for the major foreign operational entity
disclosed main operation place book-keeping currency and basis for selection; if the book-keeping
currency is changed explain reasons
□ Applicable □ Not applicable
83. Hedging
Disclose hedging items and relevant hedging instrument qualitative and quantitative information for the arbitrage risks on the basis
of hedging category:
256深圳市深粮控股股份有限公司2022年年度报告全文
84. Government grant
(1) Government grant
Unit: RMB/CNY
Category Amount Item Amount reckoned into current gains/losses
Government subsidies related to assets 87077137.27 Deferred income 6052399.41
Government subsidies related to income 2723273.17 Other income 2723273.17
(2) Return of government grant
□ Applicable □ Not applicable
Other explanation:
85. Other
VIII. Changes in consolidation range
1. Enterprise merger not under the same control
(1) Enterprise merger not under the same control
Unit: RMB/CNY
Income of Net profit
Standard to
Acquired acquiree of acquiree
Time point Cost of Ratio of determine
way Equity Purchasing from from
Acquiree for equity equity equity the
obtained date purchasing purchasing
obtained obtained obtained purchasing
way date to date to
date
period-end period-end
Other explanation:
(2) Combination cost and goodwill
Unit: RMB/CNY
Consolidation cost
--Cash
--Fair value of non-cash assets
--Fair value of debts issued or assumed
--Fair value of equity securities issued
-- Fair value of contingent consideration
--Fair value of the equity prior to the purchasing date
257深圳市深粮控股股份有限公司2022年年度报告全文
--Other
Total combination cost
Less: shares of fair value of identifiable net assets acquired
Portion of goodwill/merger cost less than the shares of fair
value of identifiable net assets acquired
Explanation of the method for determining the fair value of merger costs contingent considerations and their changes:
Main reasons for the formation of large goodwill
Other explanation:
(3) Identifiable assets and liabilities on purchasing date under the acquiree
Unit: RMB/CNY
Fair value on purchasing date Book value on purchasing date
Assets:
Monetary funds
Account receivable
Inventory
Fixed assets
Intangible assets
Liability:
Loan
Account 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 a business merger:
Other explanation:
(4) Gains or losses arising from re-measured by fair value for the equity held before purchasing date
Is there any transaction that achieves business merger through multiple transactions and obtains control during the reporting period?
□Yes □No
258深圳市深粮控股股份有限公司2022年年度报告全文
(5) On purchasing date or period-end of the combination combination consideration or fair value of
identifiable assets and liability for the acquiree are unable to confirm rationally
(6) Other explanation
2. Business combination under the same control
(1) Business combination under the same control in the Period
Unit: RMB/CNY
Income of Net profit
the of the
Income of Net profit
combined combined
Equity Basis of Standard to the of the
party from party from
ratio combined determine combined combined
Combinati period-begi period-begi
Acquiree obtained in under the the party party
on date n of n of
combinatio same combinatio during the during the
combinatio combinatio
n control n date comparison comparison
n to the n to the
period period
combinatio combinatio
n date n date
Other explanation:
(2)Combination cost
Unit: RMB/CNY
Consolidation 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 combined party on combination date
Unit: RMB/CNY
Consolidation date Ending balance of last period
Assets:
259深圳市深粮控股股份有限公司2022年年度报告全文
Monetary funds
Account receivable
Inventory
Fixed assets
Intangible assets
Liability:
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 subsidiary
Is there any situation where a single disposal of investment in a subsidiary results in loss of control?
□Yes □No
Is there any situation where investments in subsidiaries are disposed by steps through multiple transactions and control is lost in the
current period?
□Yes □No
5. Other reasons for changes in consolidation range
Consolidation scope changes caused by other reasons (eg establish new subsidiaries liquidate subsidiaries etc.) and the related
circumstances:
Dongguan Shenliang Hualian Grain & Oil Trading Co. Ltd newly established in the Period the Heilongjiang Hongxinglong
Nongken Shenxin Cereals Industrial Park Co. ltd and Shenzhen Shenbao Property Management Co. Ltd were deregister.In this period Zhenpin Market Operation Technology Co. Ltd. and Shenliang Hongli Grain and Oil (Shenzhen) Co. Ltd. were newly
established. The company lost its control on Hangzhou Ju Fang Yong Trading Co. Ltd. as Hangzhou Ju Fang Yong Trading Co. Ltd.was transferred to the designated administrator of the court due to bankruptcy liquidation. Shenzhen Shenbao Technology Center Co.Ltd. (hereinafter referred to as “Shenbao Technology”) was absorbed and merged by Shenbao Huacheng before being cancelled.
260深圳市深粮控股股份有限公司2022年年度报告全文
6. Other
IX. Equity in other entities
1. Equity in subsidiaries
(1) Membership of enterprise group
Main place of Registration shareholding ratio ratio Acquisition
Subsidiary Business nature
operation place Directly Indirectly way
Combine under
Grain & oil
SZCG Shenzhen City Shenzhen City 100.00% the same
trading
control
Combine under
Hualian Grain Grain & oil
Shenzhen City Shenzhen City 100.00% the same
& Oil trading
control
Combine under
Flour
Shenzhen Flour Shenzhen City Shenzhen City 100.00% the same
processing
control
Shenliang Combine under
Quality Shenzhen City Shenzhen City Inspection 100.00% the same
Inspection control
Combine under
Hainan Grain Feed
Haikou City Haikou City 100.00% the same
and Oil production
control
Combine under
Doximi Shenzhen City Shenzhen City E-commerce 100.00% the same
control
Sales and
processing of Combine under
Big Kitchen Shenzhen City Shenzhen City grainoil and 70.00% the same
relevant control
products
Combine under
Yingkou
Yingkou City Yingkou City Storage 100.00% the same
Storage
control
On-line Combine under
Cold Chain
Shenzhen City Shenzhen City operation of 100.00% the same
Logistic
fresh food control
Property Combine under
Shenliang
Shenzhen City Shenzhen City development 100.00% the same
Property
and control
261深圳市深粮控股股份有限公司2022年年度报告全文
management
Port operation Combine under
International Dongguan Dongguan
food 100.00% the same
Food City City
production control
Combine under
Dongguan Dongguan Dongguan Food
100.00% the same
Grain and Oil City City production
control
Combine under
Dongguan Dongguan Dongguan Storage
49.00% 51.00% the same
Logistics City City logistics
control
Construction of
food base and
Combine under
Shuangyashan Shuangyashan development of
Shuangyashan 51.00% the same
City City related
control
complementary
facilities
Shenliang
Shenzhen City Shenzhen City Catering 51.00% Establishment
Hongjun
Dongguan Dongguan Dongguan Grain and oil
100.00% Establishment
Hualian City City trade
Shenliang
Property
Property Shenzhen City Shenzhen City 100.00% Establishment
management
Management
Shenbao
Shenzhen City Shenzhen City Manufacturing 100.00% Establishment
Huacheng
Wuyuan Ju
Shangrao City Shangrao City Manufacturing 100.00% Establishment
Fang Yong
Huizhou
Huizhou City Huizhou City Comprehensive 100.00% Establishment
Shenbao
Shenbao Investment
Shenzhen City Shenzhen City 100.00% Establishment
Investment management
Shenbao Tea Commercial
Shenzhen City Shenzhen City 100.00% Establishment
Culture trade
Shenliang Gain and oil
Shenzhen City Shenzhen City 100.00% Establishment
Hongli wholesale
Ju Fang Yong
Hangzhou City Hangzhou City Comprehensive 100.00% Establishment
Holding
Fuhaitang Catering
Hangzhou City Hangzhou City 100.00% Establishment
Catering industry
Fuhaitang Hangzhou City Hangzhou City Tea planting 100.00% Business
262深圳市深粮控股股份有限公司2022年年度报告全文
Ecology production and combination
Technology sales not under the
same control
Shenbao Rock
Wuyishan City Wuyishan City Manufacturing 100.00% Establishment
Tea
Pu’er Tea Wholesale
Pu’er City Pu’er City 100.00% Establishment
Supply Chain business
Pu’er Tea Service
Pu’er City Pu’er City 55.00% Establishment
Trading Center industry
Shenliang Food Huizhou City Shenzhen City Manufacturing 100.00% Establishment
Huizhou Wholesale
Huizhou City Huizhou City 100.00% Establishment
Shenliang Food business
Platform
Zhenpin construction
Shenzhen City Shenzhen City 51.00% Establishment
Market promotion and
operation
Shenbao
Wholesale
Industry & Huizhou City Shenzhen City 100.00% Establishment
business
Trade
Combine not
Wuhan Food
Wuhan City Wuhan City 51.00% under the same
Jiacheng production
control
Combine not
Food
Hubei Jiacheng Wuhan City Wuhan City 51.00% under the same
production
control
Combine not
Food
Wuhan Hongqu Wuhan City Wuhan City 51.00% under the same
production
control
Combine not
Macheng Food
Macheng City Macheng City 51.00% under the same
Jingtian production
control
Explanation on shareholding ratio ratio in subsidiary different from ratio of voting right:
Explanation on basis for controlling the invested entity with half or below voting rights held and without controlling invested entity
but with over half and over voting rights:
Explanation on the basis for control 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
Unit: RMB/CNY
Subsidiary shareholding ratio ratio Gains/losses Dividend announced to Ending equity of
263深圳市深粮控股股份有限公司2022年年度报告全文
of minority attributable to minority distribute for minority minority
shareholders in the Period in the Period
Big Kitchen 30.00% 379455.65 676800.00 4030653.99
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 subsidiary
Unit: RMB/CNY
Ending balance Opening balance
Subs
Curre Non Current Non Total Curre Non Current Non Total
idiar Total Total
nt current liabiliti current liabilit nt current liabiliti current liabilit
y assets assets
assets assets es liabilities ies assets assets es liabilities ies
Big 15057 44034 15498 14079 746383. 14154 15952 54903 16501 14931 127925 15058
7065.42.680508.8611.6234994.6005.42.506347.0334.72.029586.
Kitc
52206893888274
hen
Unit: RMB/CNY
Current Period Last Period
Total Cash flow Total Cash flow
Subsidiary Operating comprehen from Operating comprehen from
Net profit Net profit
revenue sive operation revenue sive operation
income activity income activity
Big 32878328 1264852. 1264852. 643989.24 32345860 2039819. 2039819. 358869.31
9.5317175.382828
Kitchen
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:
264深圳市深粮控股股份有限公司2022年年度报告全文
2. Transactions where the share of owner’s equity in a subsidiary changes while the subsidiary is still
controlled
(1) Explanation on changes in owner’s equity shares in subsidiary
(2) Impact of such transaction on equity of minority interests and owners’ equity attributable to parent
company
Unit: RMB/CNY
Purchase cost/disposal consideration
--Cash
--Fair value of non-cash assets
Purchase cost/total disposal consideration
Less: Subsidiary’s share of net assets calculated based on 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
Main place of Registration investment in
venture/Associ Business nature
operation place Directly Indirectly joint venture
ated enterprise
and associated
enterprise
Zhuhai
Hengxing Feed Aquatic fee and
Zhuhai Zhuhai 40.00% Equity method
Industrial Co. animal fee
Ltd.Shenliang Equity
Intelligent Shenzhen Shenzhen investment; 49.02% Equity method
Wulian Equity investment
265深圳市深粮控股股份有限公司2022年年度报告全文
Investment consultant
Fund
(Shenzhen)
Partnership
Enterprise
(Limited)
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
Unit: RMB/CNY
Ending balance/Current period Opening balance/Last period
Current assets
Including: cash and
cash equivalent
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 by
shareholding ratio
Adjustment items
--Goodwill
--Unrealized profit of
internal trading
-- Other
Book value of equity
investment in joint
venture
Fair value of the equity
266深圳市深粮控股股份有限公司2022年年度报告全文
investment in joint
ventures with public
offers concerned
Operating income
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 year
Other explanation
(3) Main financial information of important associated enterprises
Unit: RMB/CNY
Ending balance/Current period Opening balance/Last period
Shenliang Intelligent Shenliang Intelligent
Wulian Equity Wulian Equity
Zhuhai Hengxing Feed Zhuhai Hengxing Feed
Investment Fund Investment Fund
Industrial Co. Ltd. Industrial Co. Ltd.(Shenzhen) Partnership (Shenzhen) Partnership
Enterprise (Limited) Enterprise (Limited)
Current assets 156635317.42 20190370.67 109747137.54 20142644.00
Non-current assets 22985162.27 34651129.30 26046337.28 36989582.89
Total assets 179620479.69 54841499.97 135793474.82 57132226.89
Current liabilities 104136525.08 56918240.71
Non-current liabilities 353858.37 445371.69
Total liabilities 104490383.45 57363612.40
Minority interests
Equity attributable to
shareholder of parent 75130096.24 54841499.97 78429862.42 57132226.89
company
Share of net assets
30052038.5026883303.2931371944.9728006217.62
measured by
267深圳市深粮控股股份有限公司2022年年度报告全文
shareholding
Adjustment 162707.79 -174.47 162707.80 -174.47
--Goodwill
--Unrealized profit of
internal trading
-- Other 162707.79 -174.47 162707.80 -174.47
Book value of equity
investment in 30214746.29 26883128.82 31534652.77 28006043.15
associated enterprise
Fair value of the equity
investment of
associated enterprise
with public offers
concerned
Operating income 648380399.95 764877371.22
Net profit -3053458.49 -1720837.01 -978023.06 3570736.78
Net profit of
discontinuing operation
Other comprehensive
income
Total comprehensive
-3053458.49-1720837.01-978023.063570736.78
income
Dividends received
from associated
enterprise in the year
Other explanation
(4) Summary of financial information of unimportant joint venture and associated enterprises
Unit: RMB/CNY
Ending balance/Current Period Opening balance/Last Period
Joint venture:
Amount based on shareholding ratio ratio
Associated enterprise:
Total book value of investment 13578659.52 13949747.57
Total amount calculated in terms of
shareholding ratio ratio
--Net profit -371088.05 -7692.67
268深圳市深粮控股股份有限公司2022年年度报告全文
--Total comprehensive income -371088.05 -7692.67
Other explanation
(5) Major limitation on capital transfer ability to the Company from joint venture or associated enterprise
(6) Excess loss occurred in joint venture or associated enterprise
Unit: RMB/CNY
Un-recognized losses not
Joint venture/Associated Cumulative un-recognized recognized in the Period (or Cumulative un-recognized
enterprise losses net profit enjoyed in the losses at period-end
Period)
Changzhou Shenbao Chacang
9515140.28156475.899671616.17
E-business Co. ltd.Shenzhen Shichumingmen
Catering Management Co. 4815325.70 4815325.70
Ltd.Other explanation
(7) Unconfirmed commitment related to joint venture investment
(8) Intangible liabilities related to joint venture or associated enterprise investment
4. Major joint operation
Main place of Shareholding ratio/ shares enjoyed
Name Registration place Business nature
operation Directly 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
X. Risks relating to financial instruments
Our business operation makes the Company exposed to various financial risks such as credit risk liquidity risk
and market risk (Including exchange rate risk interest rate risk and other price risk).
269深圳市深粮控股股份有限公司2022年年度报告全文
The Company disperses the risk of financial instruments through appropriate diversified investment and business
portfolio and reduces the risk concentrating on a single industry specific region or specific counterparty 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 other
receivable debt investments financial guarantee contracts the debt instrument investments measured at fair value
and with its variation reckoned in current gain/loss that are not included in the scope of impairment assessment
and derivative financial assets etc. As of the balance sheet date the carrying value of the financial assets
represented its maximum exposure to credit risk;
Monetary funds of the Company are mainly the bank deposits in reputable state-owned banks and other larger and
medium-sized listed banks with high credit ratings and the company believes that it is not exposed to significant
credit risks and will hardly incur significant losses due to the bank defaults.Furthermore for bill receivable account receivables and other account receivables the Company establishes
relevant policies to control exposure of credit risk. The Company appraises customers’ credit quality based on
their financial position possibility to obtain guarantee from third parties credit history and other factors such as
prevailing market conditions and set corresponding credit terms. Customers’ credit history would be regularly
monitored by the Company. For those customers who have bad credit history the Company will call collection in
written form shorten credit term or cancel credit term to ensure its overall credit risk is under control.As of December 31 2022 the account receivable from top five clients accounted for 36.54% of the Company’s
total account receivable.The maximum credit risk exposure equals to the carrying value of each financial asset in balance sheet (including
derivative financial instrument). The Company has not provided any guarantee which would otherwise make theCompany exposed to credit risk except for the financial guarantee carried in Note “X. Related party and relatedtransaction”
2. Liquidity risk
Liquidity risk refers to the risk that a company will run short of funds to meet its obligations settled by delivering
cash or other financial assets.It is the Company’s policy to ensure that sufficient cash is available to meet debt obligations as they fall due.Liquidity risk is centrally controlled by the Company’s finance department. By monitoring cash balances readily
realizable marketable securities and rolling forecasts of cash flows for the next 12 months the finance department
270深圳市深粮控股股份有限公司2022年年度报告全文
ensures that the company has sufficient funds to service its debts under all reasonable forecasts. In addition it
continues to monitor whether borrowing agreement is complied with and seeks for commitment from major
financial institutions for provision of sufficient back-up fund so as to satisfy capital requirement in a short and
long term.The financial liabilities of the company are presented as undiscounted contract cash flows at maturity as follows:
Ending balance
Item
Within one year 1-3 year Over three years Total
Short-term loan 1192211087.37 1192211087.37
Tradable financial liabilities 288486.18 288486.18
Account payable 390149018.13 390149018.13
Other parables 299793948.48 299793948.48
Non-current liability maturing within one year 21770690.45 21770690.45
Lease liability 44136463.26 19937649.10 64074112.36
Subtotal 1904213230.61 44136463.26 19937649.10 1968287342.97
Ending balance of last period
Item
Within one year 1-3 year Over three years Total
Short-term loan 504766782.25 504766782.25
Account payable 426906669.71 426906669.71
Other parables 376607198.99 376607198.99
Non-current liability maturing within one year 128732475.16 128732475.16
Long-term loan 254994058.99 475527633.23 730521692.22
Leasing liability 47220622.42 39287832.16 86508454.58
Subtotal 1437013126.11 302214681.41 514815465.39 2254043272.91
3. Market risk
The market risk of financial instruments refers to the risk that the fair value or future cash flows of financial
instruments will fluctuate due to changes in market prices including exchange rate risk interest rate risk and other
price risks.
3.1 Interest risk
Interest rate risk refers to the risk that the fair value or future cash flows of financial instruments will fluctuate due
to changes in market interest rates.
271深圳市深粮控股股份有限公司2022年年度报告全文
Interest-bearing financial instruments with fixed rates and floating rates expose the Company to fair value interest
rate risk and cash flow interest rate risk respectively. The Company determines the ratio of fixed interest rate
instruments to floating interest rate instruments according to the market environment and maintains an
appropriate portfolio of fixed and floating interest rate instruments through regular review and monitoring. When
necessary the Company will use interest rate swap instruments to hedge interest rate risk.
3.2 Exchange rate risk
Exchange rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to
the changes in foreign exchange rates.The Company continuously monitors the foreign currency transactions and the scale of foreign currency assets
and liabilities to minimize foreign exchange risks. In addition the company may also sign forward foreign
exchange contracts or currency swap contracts to avoid exchange rate risks. During the current period and the
previous period the Company did not sign any forward foreign exchange contracts or currency swap contracts.
3.3 Other price risk
Other price risk refers to the risk that the fair value or future cash flow of financial instruments will fluctuate due
to changes in market prices other than exchange rate risk and interest rate risk.Other price risk of the Company arises mainly from investment in various types of equity instruments and is
exposed to the risks of changes in the prices of equity instruments.XI. Disclosure of fair value
1. Ending fair value of the assets and liabilities measured by fair value
Unit: RMB/CNY
Ending fair value
Item
First-order Second-order Third-order Total
I. Sustaining measured
--------
by fair value
(i) Tradable financial
1228132.3645448520.5546676652.91
assets
1.Financial assets
measured by fair value
and with variation 1228132.36 45448520.55 46676652.91
reckoned into current
gains/losses
(2)Equity instrument
1228132.361228132.36
investment
272深圳市深粮控股股份有限公司2022年年度报告全文
(3)Other 45448520.55 45448520.55
(iii) Investment in other
57500.0057500.00
equity instruments
Total assets
continuously measured 1228132.36 45506020.55 46734152.91
at fair value
(vi) Tradable financial
288486.18288486.18
liabilities
Other 288486.18 288486.18
Total liabilities
sustaining measured by 288486.18 288486.18
fair value
II. Non-sustaining
--------
measured by fair value
2. Recognized basis for the market price sustaining and non-persistent measured by fair value on
first-order
3. Valuation technique and qualitative and quantitative information on major parameters for the fair value
measure sustaining and non-persistent on second-order
4. Valuation technique and qualitative and quantitative information on major parameters for the fair value
measure sustaining and non-persistent on third-order
5. Adjustment information and sensitivity analysis of unobservable parameters for the fair value measure
sustaining and non-persistent on third-order
6. Sustaining items measured by fair value as for the conversion between at all levels reasons for
conversion and policy for conversion time point
7. Changes of valuation technique in the Period
8. Financial assets and liabilities not measured by fair value
9. Other
XII. Related party and related transactions
1. Parent company
Ratio of Ratio of voting right
Parent company Registration place Business nature Registered capital
shareholding on the on the Company
273深圳市深粮控股股份有限公司2022年年度报告全文
Company
Investing in
industry
Shenzhen Food
development
Materials Group Shenzhen 5000 million yuan 63.79% 72.02%
operation and
Co. Ltd
management of
the own property
Explanation on parent company of the Company
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 IX-Equity in other entities”.
3. Joint venture and associated enterprise of the CompanyFor more details of important joint venture and associated enterprise of the Company please refer to “Note VII (17)-Long-termequity investment”.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 party
Other related party Relationship with the Enterprise
Zhanjiang Changshan (Shenzhen) Ecological Aquaculture Co.Wholly-owned subsidiary of parent company
Ltd
Shenzhen Agricultural Products Group Co. Ltd Holding subsidiary of parent company
Shenzhen Higreen International Agricultural Products Logistic
Holding subsidiary of parent company
Management Co. Ltd
Shenzhen Qianhai Nongmai World E-Commerce Co. Ltd Holding subsidiary of parent company
Changsha Mawangdui Agricultural Products Co. Ltd. Holding subsidiary of parent company
Xi’an Moore Agricultural Products Co. Ltd. Holding subsidiary of parent company
Shenzhen Chinese Cabbage Technology Co. Ltd. Holding subsidiary of parent company
Shenzhen Qianhai Agricultural Products Exchange Co. Ltd. Holding subsidiary of parent company
Huizhou Higreen Agricultural Products International Logistics
Holding subsidiary of parent company
Co. Ltd.
274深圳市深粮控股股份有限公司2022年年度报告全文
Chengdu Agricultural Products Center Wholesale Market Co.Holding subsidiary of parent company
Ltd.Guangxi Higreen Agricultural Products International Logistics
Holding subsidiary of parent company
Co. Ltd.Shenzhen Zhenchu Supply Chain Co. Ltd. Holding subsidiary of parent company
Shenzhen Medical Materials Co. Ltd. Holding subsidiary of parent company
Shenzhen Shennong Land Co. Ltd. Holding subsidiary of parent company
Former shareholder of the Company Controlled by the same
Shenzhen Investment Holdings Co. Ltd.ultimate controlling party
Former shareholder of the Company Controlled by the same
Shenzhen Investment Management Co. Ltd.ultimate controlling party
Subsidiaries of the Company’s shareholders controlled by the
Zhanjiang Haitian Aquatic Feed Co. Ltd
ultimate controlling party
Subsidiaries of the Company’s shareholders controlled by the
Shenzhen Shennong Kitchen Co. Ltd
ultimate controlling party
Subsidiaries of the Company’s shareholders controlled by the
Shenzhen Agricultural Products E-commerce Co. Ltd
ultimate controlling party
Subsidiaries of the Company’s shareholders controlled by the
Shenzhen Higreen Real Estate Co. Ltd
ultimate controlling party
Subsidiaries of the Company’s shareholders controlled by the
Shenzhen Southern Agricultural Products Logistics Co. Ltd
ultimate controlling party
Subsidiaries of the Company’s shareholders controlled by the
Shenzhen Agricultural Products Small Loan Co. Ltd
ultimate controlling party
Shenzhen Shenliang Cold Transport Co. Ltd. Holding subsidiaries of the Company’s associated enterprise
Yao Jicheng Minority shareholder of controlling subsidiary
Other explanation
5. Related transaction
(1) Goods purchasing labor service providing and receiving
Goods purchasing/labor service receiving
Unit: RMB/CNY
Related party Related transaction Current Period Approved Whether Last Period
content transaction more than
limit the
transactio
n limit
(Y/N)
Shenzhen Shenliang Cold Warehousing
1954385.49 1954385.49 N 1931243.32
Transport Co. Ltd. services/Transportati
275深圳市深粮控股股份有限公司2022年年度报告全文
on services
Shenzhen Shenyuan Data Information
Tech. Co. Ltd software 16158003.35 16158003.35 N 18568969.37
development
Shenzhen Duoxi Equity Cleaning services
Investment Fund fee 22641.51
Management Co. Ltd.Shenzhen Municipal Warehousing service
People’s Government
State-owned Assets
72665398.00 72665398.00 N
Supervision &
Administration
Commission
Shenzhen Shennong Procurement of
2306054.19 2306054.19 N 5239.90
Kitchen Co. Ltd goods
Shenzhen Food Materials Management service
142533.62
Group Co. Ltd fee
Shenzhen Zhenchu Supply Procurement of
36411.30 36411.30 N
Chain Co. Ltd. goods
Zhanjiang Changshan Management service
(Shenzhen) Ecological fee 360647.10
Aquaculture Co. Ltd
Goods sold/labor service providing
Unit: RMB/CNY
Content of related
Related party Current period Last period
transaction content
Guangxi Higreen Agricultural
Products International Grain and oil sales 39143.36
Logistics Co. Ltd.Shenzhen Higreen Real
Grain and oil sales 5061.14
Estate Co. Ltd
Shenzhen Qianhai Nongmai
Grain and oil sales 33175.84
World E-Commerce Co. Ltd
Shenzhen Duoxi Equity
Investment Fund Tea sales 38534.00 4120.35
Management Co. Ltd.Shenzhen Southern
Agricultural Products Grain and oil sales 10300.88
Logistics Co. Ltd
Shenzhen Agricultural Grain and oil sales 4120.35
276深圳市深粮控股股份有限公司2022年年度报告全文
Products Small Loan Co. Ltd
Grain and oil sales
Shenzhen Shenliang Cold
warehousing services and 73053.97 245944.66
Transport Co. Ltd.tea sales
Shenzhen Shennong Kitchen Grain and oil sales and tea
1227568.04801338.84
Co. Ltd sales
Shenzhen Agricultural
Products E-commerce Co. Tea sales 261147.54
Ltd
Shenzhen Investment
Grain and oil sales 357798.17 10300.88
Holdings Co. Ltd.Shenzhen Shenyuan Data
Grain and oil sales 56532.51 30697.17
Tech. Co. Ltd
Shenzhen Agricultural
Tea sales and grain oil sales 43610.35 36654.85
Products Group Co. Ltd
Shenzhen Food Materials Grain and oil sales asset
3429685.581248334.58
Group Co. Ltd management tea sales
Zhanjiang Changshan
Property management
(Shenzhen) Ecological 183595.18
service
Aquaculture Co. Ltd
Chengdu Agricultural
Products Center Wholesale Grain and oil sales 24722.12 103008.85
Market Co. Ltd.Huizhou Higreen Agricultural
Products International Grain and oil sales 118229.69 72106.20
Logistics Co. Ltd.Shenzhen Qianhai
Agricultural Products Grain and oil sales 8240.72
Exchange Co. Ltd.Shenzhen Chinese Cabbage
Grain and oil sales 8453.09
Technology Co. Ltd.Shenzhen Medical Materials
Grain and oil sales 4120.35 2060.18
Co. Ltd.Shenzhen Zhenchu Supply Grain and oil sales
22644698.636770130.60
Chain Co. Ltd. transportation service
Xi’an Moore Agricultural
Grain and oil sales 20601.77
Products Co. Ltd.Changsha Mawangdui
Grain and oil sales 20644.25
Agricultural Products Co.
277深圳市深粮控股股份有限公司2022年年度报告全文
Ltd.Shenzhen Shennong Land
Grain and oil sales 3933.46 17168.15
Co. Ltd.Explanation on goods purchasing labor service providing and receiving
(2) Related trusteeship management/contract & entrust management/outsourcing
Trusteeship management/contract:
Unit: RMB/CNY
Entrusting
Client/Contr Trustee/ass Truste Truste Managed earnings /pricing Managed earnings confirmed in
party/Contract
act-out party ets contract e /start e /ends of the contract earnings the period / contract earnings
or
Related managed/contract:
Entrusted management/outsourcing:
Unit: RMB/CNY
Entrusting
Client/Contra Trustee/ass Truste Truste Managed earnings /pricing Managed earnings confirmed in
party/Contract
ct-out party ets contract e /start e /ends of the contract earnings the period / contract earnings
or
Related management/ outsourcing:
(3) Related lease
The company acts as the lessor:
Unit: RMB/CNY
Lease income recognized in Lease income recognized last
Lessee Assets type
the Period Period
Shenzhen Shenyuan Data
Operating site 523988.52 505162.86
Technology Co. ltd.Shenzhen Duoxi Equity
Investment Fund Office space 259040.04 251497.14
Management Co. Ltd.The company acts as the lessee:
Unit: RMB/CNY
Variable lease
Simplified rental
payments not Interest expense on
fees for short-term
included in the Rent paid lease liabilities Increased right- of-
leases and low
Assets measurement of assumed use assets
Lessor value asset leases
type lease liabilities (if (if applicable)
applicable)
Current Last Current Last Current Last Current Last Current Last
period period period period period period period period period period
Shenzh Office 6000.0 358057 6000.0 358057
278深圳市深粮控股股份有限公司2022年年度报告全文
en Food space 0 .14 0 .14
Materia
ls
Group
Co.Ltd
Shenzh
en
Higreen
Internat
ional
Agricul
tural
Office 31542. 31542.Product
space 00 00
s
Logisti
c
Manage
ment
Co.Ltd
Explanation on related lease
(4) Related guarantee
The Company acts as the guarantor
Unit: RMB/CNY
Whether the guarantee
Secured party Guarantee amount Guarantee start date Guarantee expiry date
has been fulfilled
Changzhou Shenbao
Chacang E-business 5000000.00 2011-12-20 N
Co. ltd.The Company acts as the secured party
Unit: RMB/CNY
Whether the guarantee
Guarantor Guarantee amount Guarantee start date Guarantee expiry date
has been fulfilled
Explanation on related guarantee:
(5) Related party’s borrowed funds
Unit: RMB/CNY
Related party Borrowing amount Starting date Maturity date Note
Borrowing
Yao Jicheng 1990000.00 2021-11-25 2022-11-24
Yao Jicheng 4010000.00 2021-12-30 2022-12-29
279深圳市深粮控股股份有限公司2022年年度报告全文
Lending
Interest expense on related party fund borrowing and lending
Related party Current period Last period
254221.169625.58
Yao Jicheng
(6) Assets transfer and debt reorganization of related party
Unit: RMB/CNY
Related party Content of related transaction Current Period Last Period
(7) Remuneration of key executives
Unit: RMB/CNY
Item Current Period Last Period
(8) Other related transaction
6. Receivable and payable of related party
(1) Receivable item
Unit: RMB/CNY
Ending balance Opening balance
Item Related party
Book balance Bad debt provision Book balance Bad debt provision
Account
receivable
Shenzhen
Shenliang Cold 9434.00 94.34 116476.25 1149.36
Transport Co. Ltd.Shenzhen
Shennong Kitchen 43151.00 431.51 115208.00 1152.08
Co. Ltd
Shenzhen Food
Materials Group 21764.00 217.64 28632.00 286.32
Co. Ltd
Shenzhen Duoxi
1123.20
Equity Investment
280深圳市深粮控股股份有限公司2022年年度报告全文
Fund Management
Co. Ltd.Guangxi Higreen
Agricultural
Products 18624.00 186.24
International
Logistics Co. Ltd.Huizhou Higreen
Agricultural
Products 30264.00 302.64 37248.00 372.48
International
Logistics Co. Ltd.Shenzhen
Shennong Land 14744.00 147.44
Co. Ltd.Shenzhen Medical
2328.0023.28
Materials Co. Ltd.Shenzhen Zhenchu
Supply Chain Co. 2502691.02 25026.91 5874880.36 58748.80
Ltd.Shenzhen
Shenyuan Data 5940.00 59.40
Tech. Co. Ltd
Other account
receivable
Shenzhen
Shenliang Cold 10000.00
Transport Co. Ltd.Shenzhen Higreen
International
Agricultural
50000.0050000.00
Products Logistic
Management Co.Ltd
Zhanjiang
Changshan
(Shenzhen)
5520.005520.005520.005520.00
Ecological
Aquaculture Co.Ltd
Shenzhen 27000.00 270.00 30000.00 300.00
281深圳市深粮控股股份有限公司2022年年度报告全文
Shenyuan Data
Tech. Co. Ltd
Changzhou
Shenbao Chacang
24608742.4622187644.1824608742.4622187644.18
E-business Co.ltd.Shenzhen
Shichumingmen
Catering 1908202.67 1908202.67 2092477.67 990192.72
Management Co.Ltd.Shenzhen
Investment 415644.52 415644.52
Holdings Co. Ltd.Shenzhen Food
Materials Group 1104355.28 1000.00
Co. Ltd
Shenzhen Zhenchu
Supply Chain Co. 1000000.00
Ltd.Shenzhen Duoxi
Equity Investment
4000.00
Fund Management
Co. Ltd.Shenzhen
Municipal
People’s
Government
30132.00
State-owned
Assets Supervision
& Administration
Commission
Yao Jicheng 463085.35 1702.29 48000.00 480.00
(2) Payable item
Unit: RMB/CNY
Item Related party Ending book balance Opening book balance
Dividend payable
Shenzhen Investment
2690970.142690970.14
Management Co. Ltd
Account payable
282深圳市深粮控股股份有限公司2022年年度报告全文
Shenzhen Shenyuan Data
485080.53
Tech. Co. Ltd
Shenzhen Shenliang Cold
2033.9694375.88
Transport Co. Ltd.Shenzhen Municipal People’s
Government State-owned
39633221.00
Assets Supervision &
Administration Commission
Other account payable
Shenzhen Shenliang Cold
280000.00102790.00
Transport Co. Ltd.Shenzhen Food Materials
146162941.72146162941.72
Group Co. Ltd
Zhanjiang Changshan
(Shenzhen) Ecological 8051954.17 8030954.17
Aquaculture Co. Ltd
Shenzhen Duoxi Equity
Investment Fund 453294.60 41486.00
Management Co. Ltd.Shenzhen Shichumingmen
Catering Management Co. 209275.00
Ltd.Shenzhen Investment
3510297.203510297.20
Management Co. Ltd
Shenzhen Shenyuan Data
3564200.002000330.53
Tech. Co. Ltd
Zhanjiang Haitian Aquatic
20000.00
Feed Co. Ltd
Shenzhen Shennong Kitchen
200000.00332898.50
Co. Ltd
Yao Jicheng 10650837.33 10603513.51
Contract liability
Shenzhen Food Materials
280.00280.00
Group Co. Ltd
Shenzhen Zhenchu Supply
3760.00
Chain Co. Ltd.Shenzhen Investment
39640.00
Holdings Co. Ltd.Shenzhen Shenliang Cold
2160.00
Transport Co. Ltd.
283深圳市深粮控股股份有限公司2022年年度报告全文
Shenzhen Shenyuan Data
2696.00
Tech. Co. Ltd
Shenzhen Duoxi Equity
Investment Fund 1123.20
Management Co. Ltd.
7. Related party commitment
8. Other
XIII. 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. Modification and termination of share-based payment
Nil
5. Other
Nil
XIV. Commitment or contingency
1. Important commitments
Important commitments on balance sheet date
The Company has no important commitments that need to disclosed as of Dec. 31 2022.
2. Contingency
(1) Contingency on balance sheet date
Lawsuits
(1)The sales and purchase contract dispute between Hualian Company and Zhuhai Doumen Huabi Trading
284深圳市深粮控股股份有限公司2022年年度报告全文
Co. Ltd (hereinafter referred to as “Zhuhai Huabi”)
Hualian Company (plaintiff) brought a suit against Zhuhai Huabi (defendant) and the People’s Court of Shenzhen
Luohu District has made the first instance effective judgment in 2007: 1. The defendant should repay the plaintiff
payment for goods of 2396300 yuan; 2. The defendant should pay the plaintiff liquidated damages of 239600
yuan; 3. Court acceptance fee of 33200 yuan should be borne by the defendant.In 2005 Zhuhai Huabi stopped production and its legal representative was arrested by the public security organs.It was found that Zhuhai Huabi had been canceled.As of Dec. 31 2022 Hualian Company has withdrawn 100.00% of bad debt reserves for the receivables of
2396300 yuan from Zhuhai Huabi.
(2) Disputes over import agency contract among SZCG Hualian Company and Guangzhou Jinhe Feed Co.
Ltd.(hereinafter referred to as Guangzhou Jinhe) Huang Xianning
In the case of the plaintiff SZCG and Hualian Company versus the defendant Guangzhou Jinhe and Huang
Xianning over the import and export agency contract disputes the Futian District People’s Court made the
first-instance judgment in 2015: 1. The defendant Guangzhou Jinhe should pay a total of 10237400 yuan to
SZCG and Hualian Company within ten(10) days from the effective date of the judgment; 2. If it fails to perform
its pecuniary obligations within the period specified by the judgment it shall pay double of the interest on the debt
for the delayed in performance in accordance with Article 253 of the Civil Procedure Law of the People’s
Republic of China; 3. The case acceptance fee of 83200 yuan shall be born by Guangzhou Jinhe.As Guangzhou Jinhe dissatisfied with the above-mentioned first-instance judgment it appealed to the Shenzhen
Intermediate People’s Court. On March 30 2017 Shenzhen Intermediate People’s Court issued a second-instance
judgment which rejected the appeal of Guangzhou Jinhe and upheld the original judgment. Subsequently SZCG
and Hualian Company applied to the Court of first instance for the enforcement.As of Dec. 31 2022 the case is currently still being executed and the other party has not paid any money.SZCG has made a provision for bad debts at a rate of 100.00% for the receivable payment of 10455600 yuan
from Guangzhou Jinhe.According to the “Letter of Commitment from Shenzhen Fude State Capital Operation Co. Ltd. on the PendingLitigation of Shenzhen Cereals Group Co. Ltd.” Shenzhen Fude State Capital Operation Co. Ltd. (now renamed
into Shenzhen Food Materials Group Co. Ltd.) will bear the compensation or losses caused by the lawsuit on its
behalf for any claims compensation losses or expenditures caused by the disputes over import agency contract
among SZCG and its holding subsidiaries with Guangzhou Jinhe and Huang Xianning.
(3) Contract disputes between Hualian Company and Foshan Shunde Huaxing Feed Factory (hereinafter
referred to as “Huaxing Feed Factory”)
In August and October 2007 Hualian Company sold products to Huaxing Feed Factory and received commercial
acceptance bills totaling 2958600 yuan. Due to the company’s failure to repay the overdue payment Hualian
285深圳市深粮控股股份有限公司2022年年度报告全文
Company filed a lawsuit with the Shunde District People’s Court of Foshan City on October 29 2007 requesting
Huaxing Feed Factory to repay the payment and pay the corresponding interest. From June to July 2011 a total of
1638900 yuan of the company’s bankruptcy assets was recovered. The company received 29400 yuan in Oct.
2020. As of Dec. 31 2022 Hualian Company had a receivable payment of 1290300 yuan from Huaxing Feed
Factory. This amount has been withdrawn bad debt reserves by 100.00%.
(4) Mung bean business disputes between SZCG and Jilin Tongyu County Shengda Company (hereinafter
referred to as “Shengda Company”)
On August 26 2010 the Shenzhen Futian District People’s Court accepted the case of the plaintiff SZCG versus
the defendant Shengda Company over an entrustment contract dispute. Upon mediation both parties reached a
mediation agreement voluntarily: 1. It’s confirmed that the defendant Shengda Company still owes the plaintiff
SZCG the repurchase payment of 7.492 million yuan and the repurchase payment interest of 2.8 million yuan
before September 3 2009. 2. The defendant Shengda Company should pay the first installment of 1 million yuan
to the plaintiff SZCG before October 30 2010 and should pay 1 million yuan at the end of each month from
November 2010 to March 2011 and should pay 492000 yuan before the end of April. 2011 totaling 6492000
yuan. 3. If the defendant Shengda Company can pay the above amount in full and on schedule it does not need to
pay the remaining principal of 1 million yuan and the interest of 2.8 million yuan. If any of the above sums are not
paid in full and on schedule the plaintiff may apply to the court for enforcement of all the claims set out in the
first item above.After the mediation agreement came into effect Shengda Company did not fully fulfill its repayment obligations
and SZCG has applied for compulsory execution. As of the date of Dec. 31 2022 the book receivables amounted
to 5602500 yuan the execution of the remaining amounts was highly uncertain and the Company has fully made
provisions for bad debts of 5602500 yuan for this payment.
(5) Contract disputes of the Company’s subsidiaries Shenbao Rock Tea Ju Fang Yong Holdings Wuyishan
Jiuxing Tea Co. Ltd. (hereinafter referred to as “Jiuxing Company”) Fujian Wuyishan Yuxing Tea Co.Ltd. (hereinafter referred to as “Yuxing Company”) Xingjiu Tea Co. Ltd. and Chen Yuxing Chen
Guopeng
On December 3 2018 due to the separation contract dispute based on the arbitration clause in the original
Formal Agreement Regarding the Separation of Fujian Wuyishan Shenbao Yuxing Tea Co. Ltd. the arbitration
applicants Shenbao Rock Tea and Ju Fang Yong Holdings filed an arbitration with the Shenzhen Court of
International Arbitration with Jiuxing Company Yuxing Company Xingjiu Tea Co. Ltd. Chen Yuxing and Chen
Guopeng as the respondents requesting: 1. To rule that the respondent Jiujiuxing Company should pay 5272900
yuan and liquidated damages of 1581900 yuan to the applicant Shenbao Rock Tea totaling 6854800 yuan; 2. To
rule that the respondents Yuxing Company Xingjiu Company Chen Yuxing and Chen Guopeng shall be jointly
and severally liable for the above-mentioned receivables and liquidated damages to the applicant Rock Tea; 3. To
rule that the respondent Yijiuxing Company shall pledge 19 designated trademarks to the applicant Ju Fang Yong
Holdings and cooperate with the corresponding registration procedures for trademark pledge; 4. To rule that all
286深圳市深粮控股股份有限公司2022年年度报告全文
the respondents shall bear the attorney’s fee of 190000 yuan paid by the applicant for this case the preservation
fee and other expenses incurred in this arbitration (the applicant reserves the right to pursue the remaining
attorney’s fees); 5. To rule that the respondents shall bear all arbitration fees in this case.On April 18 2019 the Shenzhen Court of International Arbitration held a hearing for the arbitration case. On May
20 2021 the Shenzhen Court of International Arbitration issued a ruling that: 1. Jiuxing Company should
compensate Ju Fang Yong Company and Shenbao Rock Tea Company for losses of receivables and liquidated
damages of 4798340.00 yuan; 2. Yuxing Company Xingjiu Company Chen Yuxing and Chen Guopeng shall be
jointly and severally liable for the above payment obligations of Jiuxing Company; 3. The arbitration fee in this
case of 1050000 yuan shall be paid by the five respondents to the two applicants; 4. Two arbitrators’ expenses of
4000 yuan shall be paid directly by the five respondents to the two applicants. After the arbitration award came
into effect because the respondents refused to repay the applicants applied to the court for enforcement. On
August 5 2021 the two parties signed an enforcement of settlement agreement. The respondents should pay
receivables liquidated damages attorney’s fees and arbitration fees to the applicants totaling 5097300 yuan
payment shall be made in 18 installments with the respondents paying 1.6 million yuan in the first installment and
paying 200000 yuan per month thereafter and the final payment is 297300 yuan (i.e. the payment will be
completed before January 31 2023). As of the date of the audit report the applicants received total funds.
(6) Sales contract disputes between Hualian Company and Dalian Liangshuntong Supply Chain
Management Co. Ltd. (hereinafter referred to as “Liangshuntong Company”)
1) In the case of the plaintiff Liangshuntong Company versus the defendant Hualian Company over a sales
contract dispute ([2019] Y0304 MChNo.49562) the Futian District People’s Court made a first-instance civil
judgment on July 3 2020 that: 1. The plaintiff Liangshun Tongtong Company shall pay Hualian Company
595800 yuan within ten days from the effective date of this judgment; 2. Reject the claims of Liangshuntong
Company; 3. Reject other counterclaims of Hualian Company; 4. The plaintiff Liangshuntong Company shall
prepay the litigation fee of 208900 yuan which shall be borne by the plaintiff and the defendant Hualian
Company shall prepay the counterclaim acceptance fee of 113000 yuan of which 1800 yuan shall be borne by
the plaintiff and 111200 yuan shall be borne by the defendant. After receiving the judgment the plaintiff
Liangshuntong refused to accept it and appealed to the Shenzhen Intermediate People’s Court. The Shenzhen
Intermediate People’s Court made a final ruling on October 29 2021 and the ruling is as follows: rejecting the
appeal and upholding the original judgment. The Futian District People’s Court has accepted the enforcement
application submitted by Hualian Company. Hualian Company applied for execution to the Futian District
People’s Court of Shenzhen in December 2021. In May 2022 the Futian District People’s Court issued the
“Execution Order”( [2021] Y0304ZhNo.37136) ruling that the execution procedure should be terminated due to
the fact that the person being executed currently has no property available for execution; If the applicant for
enforcement discovers that the person subjected to enforcement has property available for enforcement it may
apply for enforcement again
2) In the case of the plaintiff Hualian Company versus the defendant Liangshuntong Company over a contract
dispute ([2020]Y 0304 MChNo. 2824) the Futian District People’s Court delivered the Civil Judgment of the first
287深圳市深粮控股股份有限公司2022年年度报告全文
instance on December 31 2020 ruling that 1. The defendant Liangshuntong Company shall pay Hualian
Company advance fees of 461900 yuan and capital cost of 4030000 yuan within ten days from the effective date
of the judgment; 2. Liangshuntong Company shall pay the capital occupation fee (based on 461900 yuan with an
annual interest rate of 10.00% calculating from December 11 2019 to the date of paying off the full amount) to
Hualian Company within ten(10) days from the effective date of the judgment; 3. Case acceptance fee of 42700
yuan shall be borne by the defendant Liangshuntong Company. After receiving the judgment Liangshuntong
appealed to the Shenzhen Intermediate People’s Court on January 22 2021. The Shenzhen Intermediate People’s
Court made a final ruling on November 9 2021 and the ruling is as follows: rejecting the appeal and upholding
the original judgment. As of the date of the audit report Hualian Company applied for execution to the Futian
District People’s Court of Shenzhen in December 2021. In May 2022 the Futian District People’s Court issued the
Execution Order( [2021]Y0304 ZhNo.37314) ruling that the execution procedure should be terminated due to the
fact that the person being executed currently has no property available for execution; If the applicant for
enforcement discovers that the person subjected to enforcement has property available for enforcement it may
apply for enforcement again.
(7) Disputes over construction engineering contract between Heilongjiang Hongxinglong Farms & Land
Reclamation Shenxin Grain Industrial Park Co. Ltd. (hereinafter referred to as “Hongxinglong”) andHeilongjiang Zhishengda Construction Engineering Co. Ltd. (hereinafter referred to as “ZhishengdaCompany”)
In April 2020 Zhishengda Company filed a lawsuit with Hongxinglong People’s Court of Heilongjiang Provincewith Hongxinglong as the defendant requesting: 1. To confirm that the “Letter on Rectification of CompletedProjects and Cancellation of Not Constructed Projects” issued by Hongxinglong on April 7 2020 does not have
the effect of terminating the contract the rescission contract made by it is invalid and judge that the defendant
Hongxinglong should continue to perform the contract (the project cost required to perform the contract is
5137800 yuan). 2. The litigation fee and other legal costs shall be borne by Hongxinglong.
On July 29 2020 Hongxinglong filed a counterclaim with the first-instance court requesting the court: 1. To
confirm the validity of the cancellation of the construction contract between Hongxinglong and Zhishengda in
accordance with the law. 2. To rule that the Zhishengda should pay Hongxinglong liquidated damages of
1003200 yuan of which liquidated damages for overdue completion of the project of 253200 yuan repair costs
for unqualified project quality of about 240000 yuan (the specific amount is to be determined by a third party)
liquidated damages for project manager’s absence from the construction site without permission of 500000 yuan
liquidated damages for the migrant worker’s collective petitions of 10000 yuan. 3. The counterclaim fee and
appraisal fee shall be borne by Zhishengda Company.On March 16 2021 the third-party appraisal agency applied by Zhishengda Company conducted an on-site
survey and conducted on-site appraisal for the engineering quantities.The appraisal agency (Heilongjiang Yage Construction Engineering Management Consulting Co. Ltd. now
renamed into Zhongyun Project Management Co. Ltd.) appraised the cost of project restoration. On September 22
288深圳市深粮控股股份有限公司2022年年度报告全文
Hongxinglong paid 20000 yuan for the appraisal. On April 29 2021 Hongxinglong Company applied for a
third-party appraisal agency to conduct on-site inspection. On May 27 2021 the third-party appraisal agency
(Harbin Gongda Construction Engineering Judicial Appraisal Consulting Co. Ltd.) conducted on-site appraisal of
the engineering quantities. Hongxingda paid an appraisal fee of 20000 yuan. On July 22 2021 Zhishengda
Company reapplied to a third-party appraisal agency for on-site appraisal.On October 27 2021 the appraisal agency Zhongyun Project Management Co. Ltd. came to the site for
appraisal.On March 9 2022 the first-instance trial was held and the lawyers of both parties conducted cross-examination.But the third-party appraiser did not appear in court due to the impact of the pandemic so it was planned to
choose another day for the trial.On March 31 2022 Hongxinglong Company submitted an “Application for Change of Litigation Request” to the
court requesting that the second paragraph of the second clause of the applicant’s counterclaim be changed to“976722.63 yuan (incurred repair costs)+438143.84 yuan (the continued repair cost identified by ZhongyunProject Management Co. Ltd.) with a total repair cost of 1414866.47 yuan.” requesting the court to judge
Zhishengda Company shall pay the following to Hongxinglong Company: 1 a total of 763200.00 yuan as
liquidated damages (including: 1) 253200.00 yuan as liquidated damages for overdue completion of the project; 2)
a fine of 500000 yuan as the project manager left the construction site without permission; 3) a penalty of 10000
yuan for collective petitions by migrant workers; 2. 976700 yuan (incurred repair costs) + 438100 yuan
(continued repair costs identified by Zhongyun Project Management Co. Ltd.) for the repair of substandard
engineering quality totaling 1414800 million yuan. The above two items amounted to 2.178 million yuan and
the counterclaim fee and appraisal fee shall be borne by Zhishengda Company.On May 19 2022 Zhishengda Company submitted a “Clear Litigation Request Application” which stated that the
litigation request was: 1) Hongxinglong shall pay 2.3621 million yuan for the project and inventory materials and
the interest shall be calculated from June 1 2020 at four times the loan interest rate published by the National
Interbank Funding Center until the project payment is fully paid. 2) Requesting the People’s Court to rule that
Hongxinglong Company shall pay compensation of Zhishengda Company for losses of 4234900 yuan (including
* loss of road interests of 606900 yuan; * loss of equipment rent of 1633000 yuan; * loss of wages of
technical personnel and management personnel of 197500 yuan; * bidding cost of 20000 yuan). 3)
Hongxionglong Company shall pay a monthly compensation of 79500 yuan for losses of Zhishengda starting
from June 1 2022 until the project manager and others involved in the case are released from the record. The
aforesaid three items amounted to 6.6765 million yuan. 4) The case acceptance fee and appraisal fee of 58000
yuan shall be borne by Hongxinglong.
(8) Construction project subcontracting dispute case of Xu Anwu versus Dongguan Shenliang Logistics Co.
Ltd. Gansu Installation and Construction Group Co. Ltd. Guangdong Dianbai Construction Group Co.Ltd. and Xu Jianqiang
On March 17 2021 the plaintiff Xu Anwu sued Dongguan Shenliang Logistics Co. Ltd. Gansu Installation and
289深圳市深粮控股股份有限公司2022年年度报告全文
Construction Group Co. Ltd. Guangdong Dianbai Construction Group Co. Ltd. and Xu Jianqiang as defendants
to the First People’s Court of Dongguan requesting: 1. The four defendants to immediately pay the plaintiff the
construction cost of 10.445 million yuan; 2. The four defendants to bear the litigation costs in this case.On May 19 2021 Gansu Installation and Construction Group Co. Ltd. filed a counterclaim with Xu Anwu as the
counterclaim defendant requesting: 1. Xu Anwu to immediately return the overpaid 2567000 yuan to Gansu
Installation and Construction Group Co. Ltd.; 2. Xu Anwu to bear all litigation costs.The first instance of this case was heard on July 14 2021. On April 22 2022 the First People’s Court of
Dongguan City Guangdong Province issued a judgment rejecting all the plaintiff’s litigation claims against
Dongguan Shenliang Logistics Co. Ltd..Gansu Installation and Construction Group Co. Ltd. appealed to the Intermediate People’s Court of Dongguan
City Guangdong Province.On September 22 2022 the Intermediate People’s Court of Dongguan City Guangdong Province issued a final
judgment rejecting all the litigation claims of the plaintiff Xu Anwu against Dongguan Shenliang Logistics Co.Ltd..
(9) Disputes over sales contract between Hangzhou Ju Fang Yong Holdings Co. Ltd. and Hangzhou Ju
Fang Yong Trading Co. Ltd.On September 7 2021 the plaintiff Hangzhou Ju Fang Yong Holdings Co. Ltd. sued Hangzhou Ju Fang Yong
Trading Co. Ltd. as the defendant to the Hangzhou Binjiang District People’s Court requesting to order: 1. The
defendant to immediately pay the payment of 2816300.00 yuan; 2. The defendant to bear the litigation costs in
this case.On October 29 2021 Hangzhou Ju Fang Yong Holdings Co. Ltd. and Hangzhou Ju Fang Yong Trading Co. Ltd.reached a pre-litigation mediation and Hangzhou Ju Fang Yong Trading Co. Ltd. paid 2.816 million yuan to
Hangzhou Ju Fang Yong Holdings Co. Ltd. and paid off before November 30 2021.On December 8 2021 Hangzhou Binjiang District People’s Court issued a civil ruling paper ruling that the
mediation agreement reached by Hangzhou Ju Fang Yong Holdings Co. Ltd. and Hangzhou Ju Fang Yong
Trading Co. Ltd. on October 29 2021 is valid and the parties shall consciously perform their obligations in
accordance with the provisions of the mediation agreement. If one party refuses to perform or fails to perform all
of its obligations the other party can apply to the people’s court for enforcement.On December 29 2021 Hangzhou Binjiang District People’s Court accepted the enforcement application of
Hangzhou Ju Fang Yong Holdings Co. Ltd.On March 4 2022 Hangzhou Ju Fang Yong Holdings Co. Ltd. submitted an application for “transfer ofenforcement to bankruptcy” to Hangzhou Intermediate People’s Court.On August 19 2022 the court ruled to accept the bankruptcy liquidation application of Ju Fang Yong Holdings for
Ju Fang Yong Trading. On September 27 2022 Ju Fang Yong Trading transferred the seal account books and
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other materials to the bankruptcy liquidation administrator. On October 21 2022 the manager held the first
creditors’ meeting.
(10) Disputes over private lending between Shenzhen Shenshenbao Tea Culture Commercial Management
Co. Ltd. and Shenzhen Shichumingmen Catering Management Co. Ltd.On May 31 2021 the plaintiff Shenzhen Shenshenbao Tea Culture Commercial Management Co. Ltd. filed a
lawsuit with Shenzhen Nanshan District People’s Court against Shenzhen Shichumingmen Catering Management
Co. Ltd. as the defendant requesting to order: 1. The defendant to return the principal of 1183000 yuan
borrowed from the plaintiff; 2. The defendant to pay the interest on borrowings of 171300 yuan to the plaintiff; 3.The defendant to bear the litigation costs in this case.On December 1 2021 the court made a judgment in support of all the claims of Shenzhen Shenshenbao Tea
Culture Company.On January 20 2022 Nanshan Court accepted the enforcement application of Shenzhen Shenshenbao Tea Culture
Company.On April 27 2022 Nanshan District People’s Court made a ruling: to terminate this execution procedure. If the
applicant for enforcement discovers that the person subjected to enforcement has property available for
enforcement they may apply for resumption of enforcement.On May 18 2022 Shenzhen Shenshenbao Tea Culture Company applied to the court for bankruptcy liquidation.On August 15 2022 the Shenzhen Intermediate People’s Court made a decision to appoint Guangdong Guanghe
Law Firm as the administrator for bankruptcy liquidation.On September 9 2022 Shenzhen Shenshenbao Tea Culture Company declared its creditor’s rights to the
administrator.On November 8 2022 the administrator held the first creditors’ meeting.On December 12 2022 the Shenzhen Intermediate Court made a ruling declaring Shenzhen Shichumingmen
Catering Management Co. Ltd. bankrupt and ending the bankruptcy proceedings.On March 6 2023 the bankruptcy administrator canceled Shenzhen Shichumingmen Catering Management Co.Ltd.
(11) Disputes over special operating contract between Shanghai Baoyan Catering Co. Ltd. and Hangzhou
Fuhaitang Catering Management Chain Co. Ltd.On July 22 2021 the plaintiff Shanghai Baoyan Catering Co. Ltd. filed a lawsuit with Hangzhou Binjiang
District People’s Court against Hangzhou Fuhaitang Catering Management Chain Co. Ltd. as the defendant
requesting: 1. To cancel the Regional Agency Authorized Operating Agreement signed by the plaintiff and the
defendant; 2. The defendant to return the regional agency cooperation fee of 1880000 yuan and the cooperation
deposit of 80000 yuan to the plaintiff a total of 1960000 yuan; 3. The defendant to pay the liquidated damages
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of 100000 yuan to the plaintiff; 4. The defendant to pay the attorney fee of 50000 yuan to the plaintiff; 5. The
defendant to bear the litigation fee in this case. The Hangzhou Binjiang District People’s Court issued a subpoena
on February 11 2022 confirming that the case number was (2021) Zhe 0108 Min Chu No. 5890 and the court
date set for March 17 2022.On May 18 2022 Hangzhou Binjiang District Court made a judgment of first instance that Hangzhou Fuhaitang
Catering Management Chain Co. Ltd. shall returned the agency cooperation price of 880000 yuan to Shanghai
Baoyan Catering Co. Ltd. and bear legal costs of 12600 yuan; Shanghai Baoyan shall bear the legal costs of
RMB 13100. Both Fuhaitang Catering and Shanghai Baoyan refused to obey and appealed to Hangzhou
Intermediate Court.On September 6 2022 Hangzhou Intermediate People’s Court held a trial on this case.On November 17 2022 the court made a judgment: Fuhaitang Catering shall return agency cooperation and
deposit of 960000 yuan to Shanghai Baoyan.Shanghai Baoyan applied to Hangzhou Binjiang District Court for enforcement. On February 16 2023 Hangzhou
Binjiang District Court notified Fuhaitang Catering to declare its property and Fuhaitang Catering had declared its
property as required by the court.
(12) Sales contract disputes between Shuangyashan Shenliang Grain Base Co. Ltd. and Shanghai Zexi
Industrial Co. Ltd.On October 18 2021 the plaintiff Shuangyashan Shenliang Grain Base Co. Ltd. filed a lawsuit with the Shanghai
Putuo District People’s Court with Shanghai Zexi Industrial Co. Ltd. as the defendant requesting: 1. The
defendant to immediately issue and deliver a special VAT invoice amounting 25.2 million yuan for the payment of
goods to the plaintiff; if the defendant cannot issue the invoice it shall need to compensate the plaintiff for the tax
deduction loss of 2899100 yuan; 2. The defendant to compensate the plaintiff for the failure of the defendant to
issue invoices resulting in the plaintiff paying a late fee of 137400 yuan to the tax bureau; 3. The defendant to
compensate the plaintiff for travel expenses loss of 10900 yuan; 4. The defendant to bear the litigation costs of
this case. A court date has not yet been set.Shanghai Zexi Industrial Co. Ltd. filed an objection to jurisdiction. On January 17 2022 Shanghai Putuo District
People’s Court made a civil judgment( [2021] H 0107 MCH No. 31846): The objection to jurisdiction raised was
rejected. Shanghai Zexi refused to accept the judgment and appealed to Shanghai No. Intermediate People’s Court.On March 22 2022 Shanghai No.2 Intermediate People’s Court made a civil judgment ([2022] H 02 MXZ No.
176): The appeal was rejected and the original judgment was upheld.
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Shanghai Zexi has paid the tax loss of 3.06 million to Shuangyashan Shenliang Grain Base Co. Ltd. in May and
September 2022 in the form of deposits. On July 15 2022 Shuangyashan applied to Shanghai Putuo District
People’s Court for withdrawal of the lawsuit. On August 2 2022 Shanghai Putuo District People’s Court made a
judgment that Shuangyashan was allowed to withdraw the lawsuit.
(13) Sales contract disputes between Shuangyashan Shenliang Grain Base Co. Ltd. (hereinafter referred to
as “Shuangyashan Company”) and Tongliao Fada Grain Purchase and Storage Co. Ltd.On November 26 2021 the plaintiff Tongliao Fada Grain Purchase and Storage Co. Ltd. filed a lawsuit with
Keerqin District People’s Court of Tongliao City Inner Mongolia Autonomous Region with Shuangyashan
Company as the defendant requesting: 1. To cancel the six purchase contracts signed with Shuangyashan
Company; 2. Shuangyashan Company to return the corn purchase payment of 25.2 million yuan; 3. Shuangyashan
Company to pay the interest on occupation of funds of 4713600 yuan (tentatively until November 1 2021); 4.Shuangyashan Company to bear the litigation costs of this case.Shuangyashan Company filed an objection to jurisdiction with Keerqin District People’s Court of Tongliao City
Inner Mongolia Autonomous Region. On March 24 2022 Keerqin District People’s Court of Tongliao City Inner
Mongolia Autonomous Region made a ruling that Shuangyashan Company’s objection to jurisdiction was
established and the case was transferred to the People’s Court of Baoqing County Shuangyashan City
Heilongjiang Province. On April 1 2022 Tongliao Fada Grain Purchase and Storage Co. Ltd. filed an appeal with
Tongliao Intermediate People’s Court requesting to revoke the ruling on the objection to jurisdiction. This case
was heard in court on February 20 2023. As of the approval date of the financial report the court has not yet
made a ruling.
(14) Project construction contract disputes between Wuhan Jiangxia Yijian Construction Engineering Co.
Ltd. and Wuhan Jiacheng Biological Products Co. Ltd.
1) On January 10 2022 the plaintiff Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. filed a lawsuit
with Jiangxia District People’s Court of Wuhan City against Wuhan Jiacheng Biological Products Co. Ltd. as the
defendant requesting: 1. The defendant to immediately pay the project money of 4421900 yuan owed to the
plaintiff ; 2. The defendant to pay liquidated damages (based on the arrears of the project payment of 4421900
yuan) and calculated at an annual interest rate of 15.4% from October 10 2019 to the date of payment and
temporarily calculated to be 1514900 yuan until December 30 2021) for the delayed payment of the project
payment to the plaintiff. The above two items add up to 5936800 yuan. 3. The defendant to bear all expenses of
the case including litigation fee appraisal fee and preservation fee.The plaintiff applied for property preservation (the preservation amount was more than 5.9 million yuan) and the
Jiangxia District Court ruled to freeze all bank accounts of Wuhan Jiacheng Biological Products Co. Ltd.The Jiangxia District People’s Court of Wuhan City set the court date as February 28 2022 and the case number
is (2022) E 0115 MCHNo. 182.
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2) On February 25 2022 the counterclaim plaintiff Wuhan Jiacheng Biological Products Co. Ltd. filed a
counterclaim against Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. as the counterclaim defendant
requesting: 1. To confirm that the Hubei Province Construction Project Contract with the project cost of
25965100 yuan signed by the plaintiff and the defendant on July 4 2017 for the Jiacheng Bio-Industrial Park
Construction Project (Phase I) is invalid; 2. To order the defendant of the counterclaim to submit the complete
completion data and completion report to the plaintiff of the counterclaim and assist in handling the completion
acceptance of the project and the relevant procedures for archiving and filing the engineering data in the urban
construction archives; 3. To compensate for the losses (from April 1 2018 to October 25 2019 calculated at
1000 yuan per day; from October 26 2019 to the date of acceptance and delivery of project with 21543200
yuan as the base calculated according to the quoted interest rate of the loan market for the same period announced
by the National Interbank Funding Center and it’s about 2.3 million yuan calculated to the date of indictment)
caused to the plaintiff due to the delayed delivery of the Wuhan Jiacheng Bio-Industrial Park Construction Project
(Phase I); 4. To bear the litigation fees preservation fees and other expenses for the counterclaim.On July 6 2022 Wuhan Jiangxia District People’s Court made a judgment:
(1) Defendant Wuhan Jiacheng Biological Products Co. Ltd. shall pay 4421900 yuan to the plaintiff Wuhan
Jiangxia Yijian Construction Engineering Co. Ltd. within ten days after the judgment takes effect;
(2) Defendant Wuhan Jiacheng shall pay the liquidated damages to the plaintiff Wuhan Jiangxia Yijian
Construction Engineering Co. Ltd. (based on 4421900 yuan according to 1.3 times of LPR from
September 19 2020 to the fulfillment of performance) within 10 days after the judgment takes effect;
(3) Plaintiff Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. shall have the priority to receive
compensation for the discount or auction price of the above projects undertaken by it within the scope of
Items 1 and 2 of the aforesaid judgment;
(4) Counterclaim defendant Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. shall submit complete
completion materials and completion report to the counterclaim plaintiff Wuhan Jiacheng within 10 days
after the judgment takes effect and assist in handling relevant filing procedures of project completion
acceptance and engineering materials in the urban construction archives;
(5) Reject other claims of plaintiff Wuhan Jiangxia Yijian Construction Engineering Co. Ltd.;
(6) Reject other claims of counterclaim plaintiff Wuhan Jiacheng.
If the payment obligation is not performed within the period specified in the judgment the interest on the debt
during the delay in performance shall be double paid in accordance with Article 260 of the Civil Procedure Law of
the People’s Republic of China.The case acceptance fee is 53400 yuan the counterclaim acceptance fee is 12600 yuan and the preservation fee
is 5000 yuan totaling 71000 yuan. The plaintiff Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. shall
bear 2000 yuan and the defendant Wuhan Jiacheng shall bear 69000 yuan.
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On July 16 2022 Wuhan Jiacheng appealed to Wuhan Intermediate People’s Court. The case went to trial on
January 12 2023. On January 18 2023 Hubei Wuhan Intermediate People’s Court made a judgment: the appeal
was rejected and the original judgment was upheld. Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. has
applied for enforcement.On February 21 2023 Hubei Wuhan Jiangxia District People’s Court made a judgment to freeze or withhold the
bank deposits of 6.00 million yuan of Wuhan Jiacheng subject to enforcement or to seal up seize freeze auction
and sell other assets of the same amount. The judgment shall be enforced immediately.On February 21 2023 the court issued a property report order to Wuhan Jiacheng.On March 8 2023 Wuhan Jiacheng applied for compulsory execution of the fourth item in the judgment of the
Jiangxia District People’s Court of Wuhan City. The Jiangxia District People’s Court filed the case for
acceptance([2023]E0115No.1719) on March 16 2023. Application for enforcement matters is as follows:
1. Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. shall submit complete completion documents and
completion reports to the applicant and assist in handling the relevant procedures for project completion
acceptance and engineering data archiving and filing in the urban construction archives;
2. Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. shall compensate Wuhan Jiacheng twice for the
losses caused (loss calculation method: based on the total construction area the rent shall be calculated at
20.00 yuan per square meter per month from the date when the party subjected to enforcement should fulfill
their obligations to the actual date of performance; the daily single loss is 10396.00 yuan (15594 square
meters) × 20.00 yuan ÷ 30 days);
3. As the effective judgment determines that both Wuhan Jiacheng and Wuhan Jiangxia Yijian Construction
Engineering Co. Ltd. should fulfill their obligations simultaneously and the period for fulfilling the
obligations has already expired in accordance with the principles of good faith and fairness Wuhan Jiacheng
shall pay the project funds and liquidated damages that should be paid to Wuhan Jiangxia Yijian Construction
Engineering Co. Ltd. to the court’s account. In case Wuhan Jiangxia Yijian Construction Engineering Co.Ltd. fails to fully fulfill the fourth obligation of the effective judgment the court shall not distribute the
project funds to the party subject to enforcement so as to ensure that both parties will fulfill their obligations
simultaneously;
4. If Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. delays fulfilling the fourth obligation of the
effective judgment Wuhan Jiacheng requests the court to entrust a third party to perform on behalf and the
expenses incurred by the third party in performing the obligation and the double compensation to be paid by
Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. for the losses caused to Wuhan Jiacheng shall be
deducted from the project payment paid by the applicant for enforcement;
5. Wuhan Jiangxia Yijian Construction Engineering Co. Ltd. shall bear the enforcement fees for this case.
On March 30 2023 Wuhan Jiacheng applied for retrial. On April 6 2023 the Higher People’s Court of Hubei
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Province accepted the retrial application.
(15) Disputes over loan contract between Changzhou Shenbao Chacang E-business (hereinafter referred to
as “Changzhou Company”) and Shenzhen Agricultural Products Financing Guarantee Co. Ltd.(hereinafter referred to as “Agricultural Products Guarantee Company”)
On July 15 2016 the Agricultural Products Guarantee Company submitted a Civil Complaint to Shenzhen Futian
District People’s Court requesting to order: 1. Changzhou Company to repay the loan principal of 5000000.00
yuan and the interest of 390000 yuan and the penalty interest of 3200300 yuan (The penalty interest is
temporarily calculated until June 30 2016 and actually calculated to the date when the loan is fully paid); 2.Changzhou Company to pay compensation of 100000.00 yuan ( 5000000 yuan × 2%); totaling 8690200 yuan;
3. Shenzhen Shenbao Industrial Co. Ltd. (now renamed into “Shenzhen Cereals Holdings Co. Ltd.” hereinafter
referred to as “SZCH” ) to be jointly and severally liable for the loan of 5000000.00 yuan.Shenzhen Futian District People’s Court issued a first-instance judgment on May 31 2017 ruling that Changzhou
Company should repay the loan principal of 5 million yuan and interest of 353900 yuan and interest penalty
(interest penalty is based on 5 million yuan as the principal calculated from September 7 2013 to the date of
actual repayment at an annual rate of 21.6% within ten(10) days after the judgement came into effect. If the
repayment is made in installments the interest of corresponding part will be calculated to the date of each
repayment) to the plaintiff Agricultural Products Guarantee Company within 10 days from the effective date of the
judgment and Changzhou Company shall bear the lawyer’s fee of 71900 yuan and the preservation fee of 5000
yuan; the judgment rejected the request of the Agricultural Products Guarantee Company’s request Shenbao
Company to bear joint and several liability.Agricultural Products Guarantee Company refused to accept the first-instance judgment and filed an appeal to the
Shenzhen Intermediate People’s Court. On May 10 2019 the Shenzhen Intermediate People’s Court served the
civil judgment (final judgment) and the Shenzhen Intermediate Court made some changes to the first-instance
judgment ruling that SZCH shall be jointly and severally liable for the debts of Changzhou Company within the
range of 3.5 million yuan; SZCH has the right to recover from Changzhou Company after paying off the debts on
its behalf.In May 2021 Agricultural Products Guarantee Company applied to Futian District Court of the first instance for
compulsory execution of 5193400 yuan. According to the request of the court Changzhou Company declared the
property status to the court. Agricultural Products Guarantee Company reached a voluntary settlement with
Changzhou Company and SZCH. On September 29 2021 the Agricultural Products Guarantee Company
submitted an application to the Futian Court for consent to the settlement and termination of execution. On
October 20 2021 Futian Court issued an enforcement ruling to terminate the enforcement of the case.
(16) Housing lease contract dispute case in which Hangzhou Xiaoshan International Airport Co. Ltd. sued
Hangzhou Ju Fang Yong Holdings Co. Ltd. and Hangzhou Ju Fang Yong Trading Co. Ltd.
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On December 1 2021 Hangzhou Xiaoshan International Airport Co. Ltd. filed a lawsuit with Hangzhou
Xiaoshan District People’s Court with Ju Fang Yong Holding and Ju Fang Yong Trading as defendants requesting
the following judgment: 1) The two defendants shall pay the outstanding payment of 62500 yuan; 2) Ju Fang
Yong Holdings shall pay 265300 yuan as overdue liquidated damages (tentatively to December 31 2021); 3) Ju
Fang Yong Holdings shall pay liquidated damages for breach of contract of 1372500 yuan; 4) Ju Fang Yong
Holdings shall pay the house occupancy fee of 362400 yuan; 5) Ju Fang Yong Holdings shall pay the rent
difference loss of 50200 yuan to the plaintiff; 6) The two defendants shall bear the legal costs and preservation
costs of the case. (The total amount from Items 1 to 5 is 2112900 yuan)
On April 13 2022 Ju Fang Yong Holdings filed a counterclaim requesting: 1) Hangzhou Xiaoshan International
Airport Co. Ltd. shall refund the performance bond of 457500 yuan in full amount; 2) Hangzhou Xiaoshan
International Airport Co. Ltd. shall pay liquidated damages of 457500 yuan; 3) The legal costs of this case shall
be borne by Hangzhou Xiaoshan International Airport Co. Ltd. (The total amount of Item 1 and Item 2 is 915000
yuan)
On April 28 2022 Hangzhou Xiaoshan District People’s Court held a trial on the case.On October 11 2022 Hangzhou Xiaoshan District People’s Court made a judgment of first instance: Hangzhou
Xiaoshan International Airport Co. Ltd. shall pay 198300 yuan to Ju Fang Yong Holdings.On October 24 2022 Ju Fang Yong Holdings filed an appeal.On December 27 2022 Hangzhou Intermediate People’s Court made a final judgment: Hangzhou Xiaoshan
International Airport Co. Ltd. shall pay 381100 yuan to Ju Fang Yong Holdings.On January 18 2023 Hangzhou Xiaoshan International Airport Co. Ltd. paid 381100 yuan to Ju Fang Yong
Holdings in accordance with the judgment.
(17) Lease contract dispute case in which Shenzhen Yanxin Industrial Co. Ltd. sued SZCG
On April 12 2022 the plaintiff Shenzhen Yanxin Industrial Co. Ltd. filed a lawsuit with Shenzhen Longgang
District People’s Court with SZCG as the defendant requesting: The defendant shall pay the following amount to
the plaintiff totaling 1583800 yuan. 1) To compensate the plaintiff for the house renovation fee: 1263800 yuan
(including firefighting construction fee: 1840000 yuan purchase fee of firefighting equipment: 900000 yuan
(buildings 1-6) and decoration construction fee: 3062000 yuan). 2) To compensate the plaintiff for the
maintenance of water and electricity facilities: 120000 yuan (180000 yuan per year for the maintenance of three
buildings); 3) To compensate the plaintiff for changing the housing property from industrial to commercial:
200000 yuan; 4) The legal costs of the case shall be borne by the defendant.
Guangdong Shenzhen Longgang District People’s Court held a trial on this case on November 1 2022 and has
not made a judgment yet as of the financial report approval date.
(18) Loan contract dispute case in which Wuhan Jiacheng sued Wuhan Xinzhiquan Industrial Co. Ltd. and
Wuhan Chensheng Mining Investment Co. Ltd.
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Wuhan Jiacheng filed a lawsuit with Hubei Wuhan Qingshan District People’s Court with Wuhan Xinzhiquan
Industrial Co. Ltd..and Wuhan Chensheng Mining Investment Co. Ltd. as the defendants requesting: 1)
Defendant Wuhan Xinzhiquan Industrial Co. Ltd. shall repay the loan of 5.00 million yuan; 2) Defendant Wuhan
Xinzhiquan Industrial Co. Ltd. shall pay the interest calculated at the annual interest rate of 24% from August 29
2014 to the date when the principal is paid off; 3) Defendant Wuhan Chensheng Mining Investment Co. Ltd. shall
be jointly and severally liable for the above debts of defendant Wuhan Xinzhiquan Industrial Co. Ltd.; 4) The
defendants shall bear the legal costs of the case.On May 30 2019 Hubei Wuhan Qingshan District People’s Court made the judgment ([2019] E 0107 MCH No.
104): 1) Defendant Wuhan Xinzhiquan Industrial Co. Ltd. shall repay the loan of 5.00 million yuan to the
plaintiff Wuhan Jiacheng within ten (10) days after the judgment takes effect; 2) Defendant Wuhan Xinzhiquan
Industrial Co. Ltd. shall pay the interest to the plaintiff Wuhan Jiacheng within ten (10) days after the judgment
takes effect (based on the unpaid amount the interest shall be calculated from August 29 2014 at the annual rate
of 24% until the date of actual repayment); 3) Defendant Wuhan Chensheng Mining Investment Co. Ltd. shall be
jointly and severally liable for the repayment of Item (1) and (2) and shall have the right to recover the liability
from the defendant Wuhan Xinzhiquan Industrial Co. Ltd. after assuming the liability.Wuhan Jiacheng applied to Wuhan Qingshan District People’s Court for enforcement. On June 4 2020 since the
company subject to enforcement had no property for enforcement for the time being Wuhan Qingshan District
People’s Court made the enforcement judgment ([2019]E0107ZNo.2117) enforcement judgment to terminate the
enforcement procedure.According to the equity acquisition agreement the original shareholders have the obligation to assist Wuhan
Jiacheng in actively recovering the loan of 5.00 million yuan from Wuhan Xinzhiquan Industrial Co. Ltd. The
outstanding loan shall be jointly supplemented by the original shareholders.
(19) Liability dispute case in which Wuhan Jiacheng sued shareholders Chen Wei Tian Xinhua Yu Yong
and Chen Xin for impairing the interests creditors of the company
According to the civil judgement ([2019]E0107MCHNo.104) Wuhan Xinzhiquan Industrial Co. Ltd. owed debts
to Wuhan Jiacheng. Wuhan Jiacheng applied to Wuhan Qingshan District People’s Court for enforcement on the
basis of the civil judgment. Wuhan Qingshan District People’s Court made a judgment to terminate the
enforcement procedure since Wuhan Xinzhiquan Industrial Co. Ltd. had no property for enforcement.The court ascertained that the actual contributor of Wuhan Xinzhiquan Industrial Co. Ltd. was Wuhan Pengling
in which Chen Wei Yu Yong and Chen Xin were dummy shareholders and Tian Xinhua was fake shareholder. The
shareholders of Wuhan Xinzhiquan Industrial Co. Ltd. failed to fulfill their contribution obligations of 9.3 million
yuan.With Chen Wei Tian Xinhua Yu Yong and Chen Xin as defendants Wuhan Jiacheng filed a lawsuit with Wuhan
Qingshan District People’s Court requesting: 1) Defendants Chen Wei Tian Xinhua shall be jointly and severally
liable for the supplementary compensation for debts of Wuhan Xinzhiquan Industrial Co. Ltd. to the plaintiff
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determined in civil judgment([2019]E0107MCHNo.104) made by Wuhan Qingshan People’s Court (based on the
principal 5.00 million yuan the interest shall be calculated at the annual rate of 24% from August 29 2014 until
the actual repayment date) within the scope of principal and interest of 9.3 million yuan not contributed; 2)
Defendants Yu Yong and Chen Xin shall be jointly and severally liable for the above supplementary compensation
liability of Tian Xinhua; 3) The defendants shall bear the legal costs of the case.In 2020 Wuhan Qingshan District People’s Court made the judgement ([2020]E0107 MCHNo. 3458): I.Defendant Chen Wei shall within 10 days from the effective date of the judgment bear the supplementary
compensation liability to the plaintiff Wuhan Jiacheng for the debt of Wuhan Xinzhiquan Industrial Co. Ltd.determined in civil judgment ([2019]E0107MCHNo.104) made by Wuhan Qingshan District People’s Court
within the scope of principal and interest of 4.00 million yuan not contributed; II. Defendant Chen Xin shall
within 10 days from the effective date of the judgment bear joint and several liability to the plaintiff Wuhan
Jiacheng for the debts of Wuhan Xinzhiquan Industrial Co. Ltd. determined in civil judgment
([2019]E0107MCH No.104) made by Wuhan Qingshan District People’s Court within the scope of principal and
interest of 5.3 million yuan not contributed by the actual contributor Wuhan Pengling Group Co. Ltd. III. Other
claims of the plaintiff Wuhan Jiacheng are rejected.After the judgment took effect Wuhan Jiacheng applied to Wuhan Qingshan District People’s Court for
enforcement.On September 14 2022 Wuhan Qingshan District People’s Court made the judgement ([2022] E 0107 Z No. 1287)
to auction and sell off the houses under the name of Chen Xin subject to enforcement.On November 1 2022 Chen Xin’s shops in Huangpi has been auctioned for 855600 yuan; On March 21 2023.The parking lot located in the first phase of Rongke Tiancheng in Jiang’an District was auctioned for 278000
yuan; On April 14 2023 the parking lot located in the second phase of Rongke Tiancheng in Jiang'an District
was auctioned for 239300 yuan. On January 4 2023 Chen Xin’s ex-husband Yuan Ding applied to the
Qingshan District People’s Court to require 50% of the auction funds on the grounds that the shop located in
Huangpi and the parking lot located in second phase of Rongke Tiancheng were jointly owned after marriage. Due
to objections raised by Wuhan Jiacheng the court has not yet disbursed the auction funds. The judge stated that
according to the practice of Qingshan District People’s Court they would agree to the application of Chen Xin’s
ex-husband. In addition auction proceedings against Chen Wei’s property have been initiated and the creditors
have now applied to resume enforcement.
(2) If the Company has no important contingency need to disclosed explain reasons
The Company has no important contingency that need to disclose.
299深圳市深粮控股股份有限公司2022年年度报告全文
3. Other
XV. Events after balance sheet date
1. Important non-adjustment matters
Unit: RMB/CNY
Impact on financial status and Reasons of fails to estimate
Item Content
operation results the impact
2. Profit distribution
Unit: RMB/CNY
Profit or According to the resolution of 27th meeting of the 10th session of the BOD the profit
dividend to be distribution plan for year of 2022 is: Based on total share capital of 1152535254 on Dec. 31
distributed 2022 distribute cash dividend of 2.5 yuan (tax inclusive) for every 10 shares to all shareholders
with zero share bonus (tax inclusive) and no capital share converted from capital reserve a
total of 288133813.50 yuan cash are distributed.
3. Sales return
4. Other events after balance sheet date
XVI. Other important events
1. Previous accounting errors correction
(1) Retrospective restatement
Unit: RMB/CNY
Content of accounting error Items impact during vary
Procedures Accumulated impact
correction comparative period
(2)Prospective application
Reasons for adopting the prospective
Content of accounting error correction Approval procedure
applicable method
300深圳市深粮控股股份有限公司2022年年度报告全文
2. Debt restructuring
3. Assets exchange
(1) Exchange of non-monetary assets
(2) Other assets exchange
4. Pension plan
5. Discontinuing operation
Unit: RMB/CNY
Total Income tax Net Profit of discontinuing operation attributable to owners of
Item Revenue Expenses
profit expenses profit parent company
Other explanation
6. Segment
(1) Recognition basis and accounting policy for reportable segment
(2) Financial information for reportable segment
Unit: RMB/CNY
Item Offset between segments Total
(3) Explain reasons in case the Company has no segments 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
XVII. Notes to main items of financial statements of parent company
1. Account receivable
(1) Account receivable classified by category
Unit: RMB/CNY
301深圳市深粮控股股份有限公司2022年年度报告全文
Ending balance Opening balance
Bad debt
Book balance Book balance Bad debt provision
Category provision Book Book
Amoun Accrua value Amoun Amoun Accrual value
Amount Ratio Ratio
t l ratio t t ratio
Account receivable 28453.0 0.03 28453. 100.00 28453. 0.02% 28453. 100.00
8%08%0808%
with bad debt
provision accrual
on a single basis
Including:
Account receivable 871991 99.9 4932.0 0.01% 87194 13568 99.98% 4426.3 0.01% 135678
10.877%3178.842852.60426.30
with bad debt
0
provision accrual
on portfolio
Including:
Portfolio of sales 59425.6 0.07 4932.0 8.30% 54493. 8852.6 0.01% 4426.3 50.00% 4426.30
0%300
receivable 57
Object-specific 871396 99.9 13567 99.97% 13567487139
85.270%4000.0000.00
portfolio 685.27
0
872275100.33385.13571100.0032879.135678
87194
Total 63.95 00% 11 1305.6 % 38 426.30
178.84
8
Accrual of bad debt provision on single item: 28453.08
Unit: RMB/CNY
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
Other accrual on single Extremely low
28453.0828453.08100.00%
basis possibility of recovery
Total 28453.08 28453.08 -- --
Accrual of bad debt provision on portfolio: 33385.11 yuan
Unit: RMB/CNY
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Portfolio of sales receivable 59425.60 4932.03 8.30%
Object-specific portfolio 87139685.27
Total 87199110.87 4932.03
Explanation on the basis to determine such portfolio:
Accrual of bad debt provision on portfolio:
302深圳市深粮控股股份有限公司2022年年度报告全文
Unit: RMB/CNY
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Explanation on the basis to determine such portfolio:
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses please
refer to the disclosure of other account receivables to disclose related information about bad-debt provisions:
□ Applicable □ Not applicable
By account age
Unit: RMB/CNY
Account age Book balance
Within one year(including one year) 87190258.27
Over 3 years 37305.68
4-5 years 8852.60
Over 5 years 28453.08
Total 87227563.95
(2) Bad debt provision accrual collected or reversal in the period
Bad debt provision accrual in the period:
Unit: RMB/CNY
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written off Other
reversal
Other accrual
28453.0828453.08
on single basis
Portfolio of
4426.30505.734932.03
sales receivable
Total 32879.38 505.73 33385.11
Including major amount bad debt provision collected or reversal in the period:
Unit: RMB/CNY
Enterprise Amount collected or reversal Collection way
(3) Account receivable actually written-off in the period
Unit: RMB/CNY
Item Amount written-off
Including major account receivable written-off:
Unit: RMB/CNY
303深圳市深粮控股股份有限公司2022年年度报告全文
Amount Cause of Procedure of Resulted by related
Enterprise Nature
written-off written-off written-off transaction (Y/N)
Explanation on account receivable written-off:
(4)Top 5 accounts receivable at ending balance by arrears party
Unit: RMB/CNY
Ending balance of accounts Proportion in total receivables Ending balance of bad debt
Enterprise
receivable at ending balance (%) reserve
Total
(5) Amount of assets and liabilities formed by transferring of account receivable and continuing to be
involved
Other explanation:
(6) Accounts receivable derecognized due to the transfer of financial assets
2. Other account receivable
Unit: RMB/CNY
Item Ending balance Opening balance
Dividend receivable 540000000.00
Other account receivable 1560888393.94 443939717.84
Total 1560888393.94 983939717.84
(1) Interest receivable
1) By category
Unit: RMB/CNY
Item Ending balance Opening balance
2) Important overdue interest
Whether impairment
Borrower Ending balance Overdue time Overdue causes occurs and its
judgment basis
Other explanation:
304深圳市深粮控股股份有限公司2022年年度报告全文
3) Accrual of bad debt provision
□ Applicable □ Not applicable
(2) Dividend receivable
1) By category
Unit: RMB/CNY
Item (or the invested entity) Ending balance Opening balance
SZCG 540000000.00
Total 540000000.00
2) Important dividend receivable with account age over one year
Unit: RMB/CNY
Whether impairment
Item (or the invested Reasons for not
Ending balance Account age occurs and its
entity) collection
judgment basis
3) Accrual of bad debt provision
□ Applicable □ Not applicable
Other explanation:
(3) Other account receivable
1) By nature
Unit: RMB/CNY
Nature Ending book balance Opening book balance
Margin and deposit 1054999.00 168234.34
Other intercourse funds 1587678288.68 471616218.54
Total 1588733287.68 471784452.88
2) Accrual of bad debt provision
Unit: RMB/CNY
Phase I Phase II Phase III
Bad debt provision Expected credit Expected credit losses for Expected credit losses for Total
losses over next 12 the entire duration the entire duration (with
305深圳市深粮控股股份有限公司2022年年度报告全文
months (without credit credit impairment
impairment occurred) occurred)
Balance on Jan. 1
213468.1527631266.8927844735.04
2022
Balance on Jan. 1
2022 in the period
Current accrual 158.70 158.70
Balance on 31 Dec.
213626.8527631266.8927844893.74
2022
Changes in book balance with significant changes in loss reserves during the current period
□ Applicable □ Not applicable
By account age
Unit: RMB/CNY
Account age Book balance
Within one year(including one year) 1563188883.33
2-3 years 49999.00
Over 3 years 25494405.35
4-5 years 436664.33
Over 5 years 25057741.02
Total 1588733287.68
3) Bad debt provision accrual collected or reversal in the period
Bad debt provision accrual in the period:
Unit: RMB/CNY
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written off Other
reversal
Accrual of bad
debt provision on 27631266.89 27631266.89
single item
Accrual of bad
debt provision on 213468.15 158.70 213626.85
portfolio
Total 27844735.04 158.70 27844893.74
Including bad debt provision reversed or collected in the period with major amount:
Unit: RMB/CNY
Enterprise Amount reversal or collected Collection way
306深圳市深粮控股股份有限公司2022年年度报告全文
4) Other account receivable actually written-off in the period
Unit: RMB/CNY
Item Amount written-off
Including important other account receivable written-off:
Unit: RMB/CNY
Amount Procedure of Resulted by related
Enterprise Nature Written-off causes
written-off written-off transaction (Y/N)
Explanation on other account receivable written-off:
5) Top 5 other receivables at ending balance by arrears party
Unit: RMB/CNY
Ratio in total
ending balance of Ending balance of
Enterprise Nature Ending balance Account age
other account bad debt reserve
receivables
6) Other account receivables related to government grants
Unit: RMB/CNY
Time amount and basis
Enterprise Government grants Ending balance Ending account age
for collection predicted
7) Other receivables de-recognized due to the transfer of financial assets
8) Amount of assets and liabilities formed by transfer of other receivable and continuing to be involved
Other explanation:
3. Long-term equity investment
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Investment in 4039319425. 5500000.00 4033819425. 4054019425. 5500000.00 4048519425.
09090909
subsidiary
Investment in 2927628.53 2927628.53 2927628.53 2927628.53
joint venture
and associated
307深圳市深粮控股股份有限公司2022年年度报告全文
enterprise
4042247053.8427628.534033819425.4056947053.8427628.534048519425.
Total
62096209
(1) Investment in subsidiary
Unit: RMB/CNY
Current changes (+ -) Ending
Opening Ending
Invested Accrual of balance of
balance(book Additional Capital balance(book
entity impairment Other impairment
value) investment reduction value)
provision provision
Shenbao 5500000.00
Industry &
Trade
Shenliang 80520842.36 80520842.3
6
Food
Shenbao 168551781.8 54676764.1 223228545.
0191
Huacheng
Huizhou 60000000.00 60000000.0
0
Shenbao
Shenbao 54676764.11 54676764.1
1
Technology
Shenbao 50000000.00 50000000.0
0
Investment
SZCG 3291415036 329141503.826.82
Dongguan 321680000.0 14700000.0 306980000.
0000
Logistics
Wuhan 21675000.00 21675000.0
0
Jiacheng
Total 4048519425 54676764.1 69376764.1 403381942 5500000.00.09115.09
(2) Investment in associated enterprises and joint venture
Unit: RMB/CNY
Openin Current changes (+ -) Ending
Investm Ending
g Additio Investm Other Cash Accrual balance
ent Capital Other balance
balance nal ent compre dividen of of
compan reducti equity Other (book
(book investm gains hensive d or impair impair
y on change value)
value) ent recogni income profit ment ment
308深圳市深粮控股股份有限公司2022年年度报告全文
zed adjustm announ provisi provisi
under ent ced to on on
equity issued
I. Joint venture
II. Associated enterprise
Shenzh
en
Shenba
o
(Liaoyu 57628.an) 53
Industri
al
Compa
ny
Shenzh
en
Shenba
o
28700
(Xinmi
00.00
n)
Foods
Co.Ltd
Changz
hou
Shenba
o
Chacan
g
E-busin
ess Co.ltd.Subtota 29276
l 28.53
29276
Total
28.53
(3) Other explanation
4. Operating revenue and operating cost
Unit: RMB/CNY
309深圳市深粮控股股份有限公司2022年年度报告全文
Current Period Last Period
Item
Revenue Cost Revenue Cost
Main business 203896997.77 152450921.01 471590.28
Other business 183215.14 471590.28 304502.00
Total 204080212.91 471590.28 152755423.01 471590.28
Revenue-related information:
Unit: RMB/CNY
Category Branch 1 Branch 2 Total
Product 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 related to performing obligations:
310深圳市深粮控股股份有限公司2022年年度报告全文
Nil
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
Other explanation:
5. Investment income
Unit: RMB/CNY
Item Current Period Last Period
Investment income from disposal of
274697.80
long-term equity investment
Investment income during the period of
4912249.48667216.57
tradable financial assets hold
Subsidiary dividends 190800000.00 150451054.95
Total 195712249.48 151392969.32
6. Other
XVIII. Supplementary information
1. Current non-recurring gains/losses
□ Applicable □Not applicable
Unit: RMB/CNY
Item Amount Note
Gains/losses from the disposal of non-current asset -3470850.06
Government subsidy reckoned into current gains/losses (except for those with
normal operation business concerned and conform to the national policies &
8775672.58
regulations and are continuously enjoyed at a fixed or quantitative basis according to
certain standards)
Profit and loss of assets delegation on others’ investment or management 8455442.20
Except for the effective hedging operations related to normal business operation of
the Company the gains/losses of fair value changes from holding tradable financial
18546.91
assets and tradable financial liabilities and the investment earnings obtained from
disposing trading financial assets and trading financial liabilities
Reversal of provision of impairment of accounts receivable which are treated with
881986.09
separate depreciation test
Other non-operating income and expenditure except for the aforementioned items 7042268.06
311深圳市深粮控股股份有限公司2022年年度报告全文
Other profit and loss items that meet the definition of non-recurring profit and loss 1064111.79
Less: impact on income tax 4583525.90
Impact on minority interests 12525.84
Total 18171125.83 --
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□ Applicable □ Not applicable
The Company has no other gains/losses items that meet the definition of non-recurring gains/losses.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/Loss
□ Applicable □ Not applicable
2. ROE and earnings per share
Earnings per share
Profits during reporting period Weighted average ROE Basic earnings per Diluted earnings per
share (RMB/Share) share (RMB/Share)
Net profits attributable to
common stock stockholders of 8.96% 0.3649 0.3649
the Company
Net profits attributable to
common stock stockholders of
8.57%0.34920.3492
the Company after deducting
non-recurring gains and losses
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
Unit: RMB/CNY
Net profit Net assets
Current Period Last Period Ending balance Opening balance
Chinese GAAP 420594871.27 428720226.09 4762973461.81 4630292102.34
Items and amount adjusted by IAS:
Adjustment for other
payable fund of stock 1067000.00 1067000.00
market regulation
IAS 420594871.27 428720226.09 4764040461.81 4631359102.34
312深圳市深粮控股股份有限公司2022年年度报告全文
(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
313
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