1、2022 Annual Report of New Hope Liuhe Co.,Ltd.1 New Hope Liuhe Co.,Ltd.2022 Annual Report 2023-33 April 29,2023 2022 Annual Report of New Hope Liuhe Co.,Ltd.2 2022 Annual Report Section 1 Important Note,Table of Contents and Definitions The board of directors,board of supervisors,directors,supervisor
2、s and senior executives of the company warrant that the contents of this annual report are true,accurate and complete and free of any false recordings,misleading statements or significant omissions,and that they will be jointly and severally liable for the legal consequences.The companys board chair
3、man Liu Chang,chief accountant Chen Xingyao and the person in charge of accounting organization(accountant in charge)Su Xiaodan state that the financial report in the annual report is true,accurate and complete.All directors of the company attended the board meeting deliberating this report.I.Animal
4、 disease and natural disaster risks Animal disease is the main risk faced in the development of livestock industry.There are three kinds of risks arising out of the occurrence of epidemic disease.First,the occurrence of epidemic disease is likely to result in death of livestock,directly leading to r
5、eduction in yield,increased costs and drop in prices.Second,the occurrence and prevalence of animal disease on a large scale easily influence the consumer psychology,lead to shrinking downstream market demands and affect the feed production and operation.For example,the first outbreak of African Swi
6、ne Fever(ASF)in China in middle 2018 caused a significant shock to the whole industry.Although the industry initially explored the prevention,2022 Annual Report of New Hope Liuhe Co.,Ltd.3 control and treatment methods of comprehensive bio-safety prevention and control combined with precise eliminat