Stock Code: 002714 Stock Abbreviation: Muyuan Foods Announcement No.: 2022-068
Preferred Stock Code: 140006 Preferred Stock Abbreviation: Muyuan Preferred 01
Bond Code: 127045 Bond Abbreviation: Muyuan Convertible Bond
Summary of 2021 Annual Report of Muyuan Foods Co., Ltd.
I．Important Notes
This summary is abstracted from the 2021 Annual Report of Muyuan Foods Co., Ltd.. Investors
may refer to the full text of the report through the media designated by the China Securities
Regulatory Commission (CSRC) for further details of the business performance, financial situation
and future development plans of Muyuan Foods Co., Ltd. (hereinafter referred to as “the
Company").
This summary has been prepared in both Chinese and English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail.
Notes of non-standard audit opinions
□ Applicable √ Not Applicable
Preliminary plan for profit distribution of common shares or capitalization of reserves in the
reporting period as deliberated by the board of directors
√Applicable □ NotApplicable
Capitalization of reserves or not
□ Yes √ No
The preliminary plan for profit distribution of common shares, as considered and approved by
the Company’s board of directors, is to distribute a cash dividend of RMB 2.48 (tax included) for
every 10 shares to all shareholders, on the basis of the total share capital on the record date for the
distribution, with 0 bonus shares (tax included) and no capitalization of capital reserves.
Profit distribution plan of preferred shares during the reporting period as approved through the
resolution of the board of directors
√Applicable □ NotApplicable
Distribution Involved in the
Distribution conditions and Dividend allocation of
Dividend Rate Amount (yuan) relevant Dividend accumulated or
Distribution date procedures payment method residual profits or
(tax included) not
satisfied or not not
December 27,
2021 6.8% 168,363,240.00 Yes Cash No No
II. Basic Information of the Company
1. Company Profile
Stock abbreviation Muyuan Foods Stock code 002714
Stock Exchange for stock listing Shenzhen Stock Exchange
Contact information Secretary of the Board SecuritiesAffairs Representative
Name Qin Jun Cao Fang
Longsheng Industrial Park, Wolong District, Longsheng Industrial Park, Wolong District,
Office Address Nanyang City, Henan Province, China Nanyang City, Henan Province, China
Fax 0377-66100053 0377-66100053
Telephone 0377-65239559 0377-65239559
E-mail myzqb@muyuanfoods.com myzqb@muyuanfoods.com
2. Main Business or Products Introduction during the Reporting Period
2.1 Main business, products and their uses
The main business of the Company is the farming and sale of live pigs and pig slaughtering.
During the reporting period, the Company sold 40.263 million live pigs, including 36.887 million
commercial pigs (2.899 million sold to the wholly-owned subsidiary Muyuan Meat Co., Ltd. and its
subsidiaries), 3.095 million piglets and 281,000 breeding pigs, which had achieved an operating
income of 78.89 billion yuan with a YOY increase of 40.18%. In 2021, a total of 2.899 million pigs
were slaughtered, with a revenue of 5.42 billion yuan from the slaughtering and meat business. As
of the end of 2021, the Company had six slaughtering subsidiaries in operation, with a total
slaughtering capacity of 16 million pigs per year.
2.2 Business model
The Company adopts the business model of fully independent farming, whole-industry-chain
covering, and applying intelligence in production. After 30 years of development, it has formed an
industrial chain integrating feed processing, pig breeding, breeding stock multiplication,
commercial pig farming, slaughtering and meat production.
The Company builds its own feed mills, develops nutritional formulas and produces feeds to
meet the demand of pigs at each production stage. Guided by the market demand, it establishes the
value-oriented breeding system with quality priority, and continuously selects fine breeds. Muyuan
has built a breeding system that involves nucleus herds, multiplier herds, and commercial herds for
breeding excellent breeding pigs
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