1、Full text of the 2023 Annual Report of New Hope Liuhe Co.,Ltd.1 New Hope Liuhe Co.,Ltd.2023 Annual Report 2024-28 April 30,2024 Full text of the 2023 Annual Report of New Hope Liuhe Co.,Ltd.2 2023 Annual Report Section 1 Important Note,Table of Contents and Definitions The board of directors,board o
2、f supervisors,directors,supervisors 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 con
3、sequences.As declared by Liu Chang(chairman of the Company),Chen Xingyao(chief accountant)and Su Xiaodan(the person in charge of accounting organization&accountant in charge):the financial report in this annual report is true,accurate and complete.All directors of the Company attended the board meet
4、ing deliberating this report.I.Animal 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 dea
5、th of livestock,directly resulting in reduced yield,increased costs and lower prices.Second,the occurrence and prevalence of animal disease on a large scale easily influence the consumer psychology,leading to a contraction in market demand,and also affecting the feed production and operation.For exa
6、mple,the first outbreak of the swine fever in China in middle 2018 caused a huge shock to the whole industry.Although the industry initially explored the prevention,control and treatment methods of comprehensive biosafety prevention and control combined with precise elimination in 2019 and 2020,the