[年报]京粮B(200505):2025年年度报告摘要（英文版）

 时间：2026年03月27日 17:05:34 中财网
原标题:京粮B:2025年年度报告摘要（英文版）

StockCode:000505,200505 StockName:JLKG,JL-B AnnouncementNo.2026-005HAINANJINGLIANGHOLDINGSCO.,LTD.
2025ANNUALREPORTSUMMARY
PartIImportantNotes
ThisSummaryisbasedonthefullAnnualReportofHainanJingliangHoldingsCo.,Ltd.(togetherwithitsconsolidatedsubsidiaries,the"Company",exceptwherethecontextotherwiserequires).TogainacomprehensiveunderstandingoftheCompany'soperatingresults,financialposition,andfuturedevelopmentplans,investorsare
advisedtocarefullyreviewthefullAnnualReportonthedesignatedmediaspecifiedbytheChinaSecuritiesRegulatoryCommission(the"CSRC").
This Summary has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandingsbetweentheChineseandEnglishversions,theChineseversionshallprevail.AlltheCompany'sdirectorshaveattendedtheboardmeetingforthereviewofthisreportanditssummary.Independentauditor'smodifiedopinion
?Applicable?Notapplicable
Board-approvedprofitdistributionplanorproposaloncapitalizingcapitalreserveintosharecapitalforthereportingperiod
?Applicable?Notapplicable
TheCompanyproposesnottodistributeanycashdividends,issueanybonusshares,orconvertanycapitalreserveintosharecapital.
Board-approvedprofitdistributionplanforpreferredsharesforthereportingperiod?Applicable?Notapplicable
PartIIKeyCorporateInformation
1.CompanyProfile

StocknameJLKG,JL-BStockcode000505,200505
StockexchangeforstocklistingShenzhenStockExchange　　
ContactinformationBoardSecretarySecuritiesRepresentative　
NameGuanYingGaoDeqiu　
Officeaddress8/F,TowerB,CapitalAgriculturalScience andInnovationMansion,BuildingNo.1, CommunityNo.8,XinningStreet,Daxing District,Beijing8/F,TowerB,CapitalAgriculturalScienceand InnovationMansion,BuildingNo.1, CommunityNo.8,XinningStreet,Daxing District,Beijing　
Fax010-81219987010-81219987　

Tel.010-81219989010-81219989
E-mailaddressguanying@bjjlkg.cngaodeqiu@bjjlkg.cn
2.PrincipalActivitiesorProductsintheReportingPeriod
(1)Principalbusinessoperations
OurCompany'sprincipalbusinessoperationscompriseoilandoilseedsprocessingandfoodprocessing.Oilandoilseedsprocessing:Thisprimarilyinvolvestherefining,packaging,andmarketingofcrudeoils,aswellasthepressing,refining,packaging,andmarketingofoilseedssuchassesame,soybeans,andpeanuts.FoodProcessing:ThisprimarilyfocusesonR&D,production,andsalesofsnackfoodsandbakeryproducts.(2)Company'smajorproducts
TheCompany'soilsandoilseedsprocessingbusinessfeaturesbrandssuchas"LvBao""GuBi"and"HuoNiao",withprincipalproductsincludingsoybeanoil,cornoil,sunflowerseedoil,peanutoil,rapeseedoil,flaxseedoil,
oliveoil,sesameoil,andsesamepasteetc.
TheCompany'sfoodprocessingbusinessfeaturesbrandssuchas"XiaoWangzi","DongXiaojie","JianqiangdeTudouzai",and"GuChuan",offeringproductslikepotatochips,pastries,andbread.(3)Industrydevelopmentsandtrends
AccordingtotheIndustryClassificationGuidelinesforListedCompanies,theCompanyfallsunderthemajorcategoryofManufacturing-ProcessingofFarmandSidelineFoodProducts(Code:C13).Specifically,itsprimaryindustrysegmentisvegetableoilprocessing,withthefoodprocessingbusinessalsocontributingasignificantportionofthegrossprofit.
①StatusandFutureTrendsintheVegetableOilProcessingIndustry
Duringthereportingperiod,thevegetableoilprocessingindustrymaintainedstableoveralloperation.Theindustrystructurecontinuedtoevolvetowardsgreaterconsolidation,environmentalsustainability,functional
diversification,andsmartmanufacturing.Domesticconsumptionofediblevegetableoilsapproachedsaturation,whileinternationalpricevolatilityandevolvingenvironmentalpoliciespersistentlytestedtheindustry'scost
controlandsupplychainresilience.Consumerdemandaccelerateditsshifttowardshealthierandpremiumproducts,withhigh-value-addedcategoriesshowingsignificantgrowth.Industrycompetitionintensified,shifting
frompurecapacityexpansiontoafocusonefficiencyandquality.Leadingenterprisesacceleratedcapacityconsolidationandintegratedsupplychainlayouts,enhancingtheircorecompetitivenessthroughtechnologieslike
low-temperature physical refining, smart factories, full-chain traceability, and high-value utilization of by-
products.Lookingahead,theindustrywillcontinuetofocusonsecuringsupplychains,adoptinggreenandlow-development.
②StatusandFutureTrendsintheFoodProcessingIndustry
Duringthereportingperiod,thefoodprocessingindustry(centeredonsnackfoods)demonstratedcharacteristicsofsteadygrowth,structuraloptimization,channelrestructuring,andinnovation-drivendevelopment.Themarket
sizecontinuedtoexpand,accompaniedbyfurtherupgradesinconsumerdemand,wherefunctionalproductsbecameakeygrowthdriver.Deepintegrationemergedacrossdiscountsnackchannels,specialtysnackstores,instant retail, and live-streaming e-commerce, solidifying an integrated online-to-offline channel landscape.
Competitionincreasinglyshiftedfromchanneladvantagestoproductstrengthandsupplychainefficiency.Facedwithintensifyinghomogenizedcompetition,risingcostpressures,andrapidlychangingconsumerpreferences,companies must prioritize product innovation, quality control, omnichannel management, and branddifferentiation.InvestinginR&D,flavorinnovation,packagingupgrades,andsupplychaindigitalizationwillbe
crucialforreducingcostsandimprovingefficiency.Inthefuture,thefoodprocessingindustrywillcontinueevolving towards health and functionality, precise scenario targeting, intelligent production, and channel
integration.Snackfoodenterprisesmustcloselyfollowmarketdynamicsandbuildcompetitiveadvantagesthroughinnovation,operationalefficiency,andbrandpowertocapitalizeonconsumptionupgradingandmarketexpansionopportunities,therebyachievinghigh-qualitydevelopment.(4)IndustrypositionoftheCompany
TheCompanyownsanumberofbrandswithsignificantmarketinfluence."GuBi"sesameoilhasbeenawardedhonorssuchasthe"NationalFamousSesameOilBrand"theSilverAwardattheBeijingInternationalCateringandFoodExpo,andthe"InternationalFamousBrandProductGoldAward",grantingitacompetitiveedgewithintheindustry.Both"LvBao"and"GuBi"arerecognizedasBeijingTime-honoredBrands.The"XiaoWangzi"trademark andits products have been consistentlycertified as Zhejiang Famous Trademarks and Zhejiang
Famous-brandProductsformanyconsecutiveyears.Theyholdstrongcompetitivenessinthespecificmarketsegmentofindividuallypackagedbulkpotatochipsandrankamongthetopinthepuffedfoodindustry.GuChuanBreadisoneofthemajorsuppliersforKFCinNorthChina,maintainingasolidindustrypositioninthenorthernbakerymarket.
3.KeyAccountingDataandFinancialIndicators
(1)KeyaccountingdataandfinancialindicatorsofthepastthreeyearsWhethertheCompanyneedstoretrospectivelyadjustorrestatetheaccountingdataofpreviousyears:Correctionofaccountingerrors
Unit:RMB

　31December 202531December2024　Changeof 31 December 2025over 31 December 2024(%)31December2023　
　　Before AdjustmentAfterAdjustmentAfter AdjustmentBefore AdjustmentAfterAdjustment
Totalassets6,118,282,221.456,700,959,305.966,700,959,305.96-8.70%6,496,782,984.906,496,782,984.90
Equity attributable tothelisted company's shareholders2,863,413,043.743,143,289,575.693,143,289,575.69-8.90%3,167,503,541.443,167,503,541.44
　20252024　2025-over- 2024 change(%)2023　
　　Before AdjustmentAfterAdjustmentAfter AdjustmentBefore AdjustmentAfterAdjustment
Operating revenue7,858,535,847.1111,434,843,516.2711,434,843,516.27-31.28%11,901,009,211.6311,602,380,127.46
Netprofit attributable to shareholders ofthelisted Company-266,087,957.9226,130,520.8626,130,520.86-1,118.30%102,348,088.85101,358,157.59
Netprofit attributable to shareholders ofthelisted Company, excluding non- recurring gainsand losses-279,148,762.4811,095,858.9811,095,858.98-2,615.79%82,678,972.0481,689,040.78
Netcash flowsfrom operating activities646,776,701.50-109,470,721.95-109,470,721.95690.82%109,486,954.74109,486,954.74
BasicEPS (RMB/share)-0.370.040.04-1,025.00%0.140.14
DilutedEPS (RMB/share)-0.370.040.04-1,025.00%0.140.14
Weighted average ROE(%)-8.86%0.83%0.83%-9.69%3.29%3.25%
OnOctober17,2025,theCompanyheldthe23rdmeetingofthe10thBoardofDirectorsandthe18thmeetingofthe10thBoardofSupervisors,atwhichtheProposalonCorrectionofPriorPeriodAccountingErrorswasreviewedandapproved. TheCompanyhasretrospectivelyrestatedtherelevantfinancialstatementsduetoprior-periodaccountingerrorsidentifiedinthesemi-annualfinancialreportfor2023andtheannualfinancialreportfor
2023.Thiscorrectionhadacontinuingimpactonthechangesinowners'equityforthesemi-annualperiodof2024,theannualperiodof2024,andthesemi-annualperiodof2025,resultinginanincreaseofRMB989,931.26incapitalreserveandacorrespondingdecreaseofRMB989,931.26inretainedearnings.(2)Keyaccountingdatabyquarter
Unit:RMB

　Q1Q2Q3Q4
Operatingrevenue2,134,668,845.322,073,477,410.542,003,377,195.621,647,012,395.63
Netprofitattributabletoshareholdersof thelistedCompany12,880,761.325,069,412.79-69,451,831.59-214,586,300.44
Netprofitattributabletoshareholdersof thelistedCompany,excludingnon- recurringgainsandlosses13,605,726.963,140,820.24-76,213,401.62-219,681,908.06
Netcashflowsfromoperatingactivities-293,409,962.28515,846,255.35-73,348,385.11497,688,793.54
WhetherthereisanymaterialdifferencebetweentheabovefinancialindicatorsandtheiraggregatesandtherelevantfinancialindicatorsdisclosedintheCompany'squarterlyreportsandsemi-annualreports□Yes?No
4.ShareCapitalandShareholderInformation
(1)Numbersofordinaryshareholdersandpreferredshareholderswithresumedvotingrightsaswellasholdingsoftop10shareholders
Unit:share

Numberofordinary shareholders attheendofthe reportingperiod57,724Numberof ordinary shareholders asoftheend ofthemonth priortothe disclosure dateofthe annualreport56,364Numberof preferred shareholders withrestored votingrights attheendof thereporting period0Numberof preferred shareholderswith restoredvoting rightsatthe month-endprior tothedisclosure dateoftheannual report0
Shareholdingsofthetop10shareholders(excludingshareslentthroughsecuritieslendingandborrowing)　　　　　　　
NameofshareholderTypeof shareholderShareholding percentageNumberofsharesheldRestricted sharesheldSharesinpledge, markedorfrozen　　
　　　　　StatusNumber　
BEIJINGGRAINGROUP CO.,LTD.State-owned legalperson39.68%288,439,5610Not applicable0　
BEIJINGSTATE-OWNED CAPITALOPERATIONANDState-owned legalperson6.67%48,510,4600Not applicable0　

MANAGEMENTCO.,LTD.　　　　　　
WANGYUECHENGDomestic natural person4.74%34,459,88729,594,915Not applicable0
GOLDMANSACHS&CO. LLCOverseas LegalPerson0.53%3,852,8620Not applicable0
UBSAGOverseas LegalPerson0.46%3,320,8870Not applicable0
MORGANSTANLEY&CO. INTERNATIONALPLC.Overseas LegalPerson0.41%2,986,6670Not applicable0
BARCLAYSBANKPLCOverseas LegalPerson0.32%2,352,2670Not applicable0
ZHANGXIAOXIADomestic natural person0.27%1,949,2500Not applicable0
CHINAINTERNATIONAL CAPITALCORPORATION LIMITEDState-owned legalperson0.25%1,849,8000Not applicable0
HECAIXIONGDomestic natural person0.21%1,526,1000Not applicable0
Disclosureofaffiliationsorconcertedaction amongtheaboveshareholders①BeijingState-OwnedCapitalOperationandManagementCompanyLtd.owns anindirect100%shareofBeijingGrainGroupCo.,Ltd.,andBeijingGrain Group Co., Ltd. is the controlling shareholder of the Company (a 39.68% holding). ②Mr.WangYuchengresignedasthedeputygeneralmanagerofthe CompanyonJuly26,2024,and75%ofthesharesheholdsintheCompanyare locked up. Except for the shareholder relationships described above, the Companyisnotawareofanyrelated-partyrelationshipsoractinginconcert amongthetoptenshareholders.　　　　　
Disclosureonshareholdersinvolvedin securitiesmargintrading(ifany)ShareholderHeCaixiongholds1,526,100sharesoftheCompanythrougha customercredittransactionguaranteesecuritiesaccountwithGuotaiHaitong SecuritiesCo.,Ltd.　　　　　
Shareholdersholdingmorethan5%,thetop10shareholdersandthetop10unrestrictedpublicshareholdersparticipatedinthesecuritieslendingandborrowingbusiness.
□Applicable?Notapplicable
Thetop10shareholdersandthetop10unrestrictedpublicshareholdersexperiencedchangesfromthepreviousperiodduetosecuritieslendingandborrowingbusiness.
□Applicable?Notapplicable
(2)TotalpreferredshareholdersandshareholdingsofTop10
□Applicable?Notapplicable
Nopreferredshareholdersinthereportingperiod.
(3)OwnershipandcontrolrelationsbetweentheactualcontrollerandtheCompanydisclosedasboxchart5.BondsOutstandingasoftheDateofAnnualReportApproval
?Applicable?Notapplicable
(1)BondInformation

NameofBondAbbreviation ofBondsBond codeIssue DateMaturity DateBondBalance(inten thousandsYuan)Interest
HainanJingliangHoldings Co.,Ltd.2023publicissuance ofcorporatebondsfor st qualifiedinvestors(1 issue)23Jingliang0114843421-22 Aug202322Aug 202630,0002.88%
Paymentofinterestandredemptionofcorporate bondsinthereportingperiodInterestpaymentsonbondstotaledRMB8.64million.　　　　　
(2)Updatedfollow-upratingandchangesofratingoncorporatebonds
ThroughtrackinganalysisandassessmentofthecreditstatusoftheCompanyanditsrelatedbonds,ChinaLianheCreditRatingCo.,Ltd.hasdeterminedtomaintaintheCompany'slong-termcreditratingatAA+andmaintainthecreditratingof"23Jingliang01"atAAA,withastableoutlook.
(3)MajoraccountingdataandfinancialindicatorsoftheCompanyfortherecenttwoyearsuptotheendofthereportingperiod
Unit:RMB10,000

Item20252024Increase/Decreasein2025vs.2024(%)
Asset-liabilityratio47.51%47.61%-0.10%
Netprofitattributabletoshareholdersofthe listedCompany,excludingnon-recurring gainsandlosses-31,091.02-1,072.27-2,799.55%
EBITDA'stotaldebtratio-4.56%8.91%-13.47%
Interestcoverageratio-3.690.87-524.14%
PartⅢSignificantEvents
1.Primaryreasonforthedecreaseinoperatingrevenueduringthereportingperiodresultinginayear-on-yeardecreaseinrevenuefromtheoilstradingbusiness.2.Primaryreasonsforthenetlossduringthereportingperiod
(1)OilsSegment:Theoilsindustryheavilyreliesonimportedrawmaterials,thepricesofwhicharesusceptibletopoliciesintheoriginatingcountriesandexchangeratefluctuations,posingchallengesforcostcontrol.In2025,
theCompanyprimarilysourceditssoybeancrushingrawmaterialsfromSouthAmerica.ThevariablequalityofSouthAmericansoybeansadverselyaffectedcrushingyield,energyconsumption,andprocessingcycletimes,leadingtoincreasedproductioncosts.Furthermore,prolongedportstaysimpactedfactoryoperationalhours,increasingthefixedcostpertonneforoilprocessing.Consequently,profitsdecreasedcomparedtothepreviousyear.
(2)FoodSegment:Thetraditionalsaleschannelsforthesnackfoodindustryfacedsignificantpressurefromthelow-pricestrategiesofsnackchainstoresandintensecompetitionforcustomersononlineplatforms.Themarketisexperiencingseverechanneldisruptionandheightenedcompetition.WhiletheCompanyactivelyintegrateditsmarketingsystem,deepenedcooperationwithleadingplatforms,andpromotednewproductdevelopmentandlaunch, the decline in traditionalchannelsoutweighed the growth from new channels, which fellshort of
expectations.Thisledtoadecreaseinproductsalesvolumeandareductioningrossprofitmargin,resultinginayear-on-yeardecreaseinprofit.
(3)OtherFactors:TofairlypresenttheCompany'sfinancialposition,assetvalues,andoperatingresults,inaccordancewiththeAccountingStandardsforBusinessEnterprisesandtheCompany'saccountingpolicies,andtherelevantprovisionsoftheCompany'saccountingpolicies,theCompanyconductedacomprehensivereviewandanalysisofvarioustypesofassetsasoftheendof2025.Basedontheprincipleofprudence,impairmenttestswereperformedonassetsshowingindicationsofpotentialimpairment.Provisionsforimpairmentlosseswererecognizedbasedontheoutcomesofthesetests.
HainanJingliangHoldingsCo.,Ltd.
28March2026

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