China Food Carrefu Foods Co., Ltd has published its 2023 annual report covering the fiscal year ended December 31, 2023. The company is registered in the Cayman Islands and its main activities include pork farming and sales, fresh and frozen pork sales, meat products manufacturing and sales, and import and trade in meat products. The company has been listed on the Hong Kong Stock Exchange since 1 November 2016 with the stock code 01610. The ultimate parent company of the company is China Food Group, a state-owned enterprise registered in China. Financial statements are presented in RMB and adopt the new Hong Kong Financial Reporting Guidelines, which are mandatory from 1 January 2023. The company's major shareholders include China Food Group (Hong Kong) Limited, which is...Show More

China Food Carrefu Foods Co., Ltd has published its 2023 annual report covering the fiscal year ended December 31, 2023. The company is registered in the Cayman Islands and its main activities include pork farming and sales, fresh and frozen pork sales, meat products manufacturing and sales, and import and trade in meat products. The company has been listed on the Hong Kong Stock Exchange since 1 November 2016 with the stock code 01610. The ultimate parent company of the company is China Food Group, a state-owned enterprise registered in China. Financial statements are presented in RMB and adopt the new Hong Kong Financial Reporting Guidelines, which are mandatory from 1 January 2023. The company's major shareholders include China Food Group (Hong Kong) Limited, which is wholly owned by China Food Group. DURING THE REPORTING PERIOD, THE COMPANY DID NOT DECLARE A DIVIDEND AND IT IS CLEAR THAT ITS DIVIDEND POLICY IS TO DISTRIBUTE 20% TO 70% OF NET PROFIT BEFORE THE FAIR VALUE ADJUSTMENT OF BIOLOGICAL ASSETS TO SHAREHOLDERS, BUT SUBJECT TO CERTAIN CONDITIONS. Details of the Company's financial performance, financial condition, cash flow and changes in shareholders' equity are disclosed in the consolidated financial statements. During the reporting period, the Company did not engage in any significant disputes with employees, customers or suppliers, nor did it purchase, sell or redeem any listed securities, and provided liability insurance for directors and senior management. The Company has also not engaged in any major unlawful conduct that has had a significant impact on its business and operations.