現代牧業：二零二五年年報.pdf

1、2025Annual Report 年報Annual Report 2025 年報China Modern Dairy Holdings Ltd.(the“Company”or“Modern Dairy”,stock code:1117.HK,collectively with its subsidiaries referred to as the“Group”)is a leading dairy cows farming operator and raw milk producer in the Chinese Mainland.We invest in and operate 47 fa

2、rming companies in the Chinese Mainland,with 53 modern dairy farms,spanning over 14 provinces,autonomou regions and municipalities.We raise a herd of over 450,000 dairy cows with an annualized milk production exceeding 3.33 million tons.The Company pioneered the“integrated planting,breeding,and proc

3、essing,zero-distance 2-hour”integrated production model and was the first enterprise in the Chinese Mainland to adopt such model and obtain SGS certification.Modern Dairys products have been awarded gold medals for twelve consecutive years at the Monde Selection,which is renowned as the“Nobel Prize”

4、of the food industry.In recent years,our business segments have also expanded to include forage grass,digital intelligence platforms,and dairy cows breeding as well.中國現代牧業控股有限公司（本公司 或 現代牧業，股份代號：1117.HK），連同其附屬公司合稱 本集團）是國內乳牛畜牧營運商及原料奶生產商的翹楚。我們在國內投資及營運47個牧場公司，擁有53個現代化牧場，覆蓋14個省份、自治區及直轄市。飼養逾45萬頭乳牛，年化產奶量達3

5、33萬噸以上。本公司首創 種養加一體化、零距離2小時 是國內首家採用一體化生產模式並獲得SGS認證的企業。現代牧業的產品連續十二年榮獲世界食品品質評鑑大會金獎，該大會被譽為食品業的 諾貝爾獎。近年，我們的業務板塊更擴展至飼草料、數智平台及乳牛種業等。CORPORATE PROFILE公司簡介公司資料摘要企業文化全景圖集團牧場分佈圖及剪影主要獎項及殊榮總裁報告書管理層討論及分析董事及高級管理層企業管治報告董事會報告書獨立核數師報告綜合損益表綜合損益及其他全面收益表綜合財務狀況表綜合權益變動表綜合現金流量表綜合財務報表附註財務概要Corporate InformationHighlightsCor

6、porate Culture PanoramaFarm Map and Snapshot of the GroupMajor Awards and AchievementsCEOs StatementManagement Discussion and AnalysisDirectors and Senior ManagementCorporate Governance ReportReport of the DirectorsIndependent Auditors ReportConsolidated Statement of Profit or LossConsolidated State