CHMODERND：ANNUALREPORT2019.pdf

1、CORPORATE PROFILE公司簡介China Modern Dairy Holdings Limited(the“Company”or“Modern Dairy”together with its subsidiaries,the“Group”)is currently the largest dairy farming operator and fresh raw milk producer in the Peoples Republic of China(the“PRC”)in terms of its herd size and milk yield.Modern Dairy o

2、perates 26 dairy farms in the PRC with dairy cows over 233 thousand heads and annual milk yield over 1.39 million tons.The Company initiated the production model of“Zero-distance Integration of Forage Grass Planting,Cows Breeding and Milk Processing within Two Hours”,which is the first and the only

3、enterprise at present in the PRC that applies integrated production model with SGS certification.Modern Dairys products have been awarded the Gold Prize of Monde Selection which is generally regarded as the“Nobel Prize”in the food industry,for the past six consecutive years.中國現代牧業控股有限公司（本公司 或 現代牧業 連

4、同其附屬公司（本集團），按牛群數量及原奶供應量，現為中華人民共和國（中國）最大的乳牛畜牧營運商及最大的原料奶生產商。現代牧業於中國經營26個乳牛牧場，擁有超過23.3萬頭乳牛及每年產奶量超過1.39百萬噸。本集團首創 種養加一體化、零距離2小時 的生產模式，是中國首家、也是目前唯一一家一體化生產模式並通過SGS認證的企業。現代牧業的產品於過去六年連續在素有食品業 諾貝爾獎 之稱的世界食品品質評鑒大會中獲得金獎。Highlights2摘要Farm Map4牧場位置圖CEOs Statement5總裁報告書Products of the Group and Associates10集團及聯營公司產

5、品Management Discussion and Analysis12管理層討論及分析Biographies of Directors and Senior Management42董事及高級管理層履歷Corporate Governance Report50企業管治報告Report of the Directors74董事會報告書Corporate Information102公司資料Independent Auditors Report105獨立核數師報告Consolidated Statement of Profit or Loss and Other Comprehensive I

6、ncome112綜合損益及其他全面收益表Consolidated Statement of Financial Position114綜合財務狀況表Consolidated Statement of Changes in Equity116綜合權益變動表Consolidated Statement of Cash Flows117綜合現金流量表Notes to the Consolidated Financial Statements120綜合財務報表附註Financial Summary263財務概要CONTENTS目錄China Modern Dairy Holdings Ltd.中國現代