現代牧業：2025中期報告.pdf

1、2025Interim Report 中期報告INTERIM REPORT 2025 中期報告China Modern Dairy Holdings Ltd.(the“Company”or“Modern Dairy”,stock code:1117),together with its subsidiaries(the“Group”),is a leading dairy farming operator and raw milk producer in the industry in the Peoples Republic of China(the“PRC”).We invest in a

2、nd operate 47 farm companies in Chinese Mainland,spanning 13 provinces and autonomous regions,with approximately 472,000 dairy cows being raised by the end of the current period,and annualized milk yield reaching over 3 million tons.The Company pioneered the production model of“Zero-distance Integra

3、tion of Forage Grass Planting,Cows Breeding and Milk Processing within Two Hours”,being the first in the PRC with integrated production model certified by SGS.Modern Dairys branded milks have been awarded the Gold Prize of Monde Selection,known as the“Nobel Prize”in the food industry,for the past 12

4、 consecutive years.In recent years,the business scope of the Group has expanded to new areas such as intelligent digital platform,feed,forage grass and dairy cows breeding which have continuously contributed to the development of the Group.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），連同其附屬公司（本集團），為中華人民共和國（中國）

5、乳牛畜牧營運商及原料奶生產商的行業翹楚。我們在國內投資及運營47個牧場公司，覆蓋13個省份和自治區，於本期末飼養約47.2萬頭乳牛，年化產奶量達300萬噸以上。本公司首創 種養加一體化、零距離2小時 的生產模式，是中國首家一體化生產模式並通過SGS認證的企業。現代牧業品牌奶連續十二年在素有食品界 諾貝爾獎 之稱的世界食品品質評鑒大會中獲得金獎。近年，本集團的業務板塊已擴至數智平台、飼料、牧草及育種等新業務，並持續為集團的發展帶來貢獻。CORPORATE PROFILE公司簡介02-25070119IR-EC-CH MODERN D-IFC.indd 100002-25070119IR-EC-C

6、H MODERN D-IFC.indd 100016/9/2025 18:39:3516/9/2025 18:39:35Highlights2摘要Management Discussion and Analysis6管理層討論及分析 Report of the Directors30董事會報告 Corporate Information39公司資料Report on Review of Condensed Consolidated Financial Statements41簡明綜合財務報表審閱報告Consolidated Statement of Profit or Loss 43綜合損益表