Analysis of Environmental Protection Investment at Muyuan Foods Co., Ltd. (SZ002714) Farms

Based on Muyuan Foods’ 2024 ESG Report and publicly disclosed data, I have systematically organized the detailed information about the company’s environmental protection investment in farms for you:

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According to Muyuan Foods’ 2024 ESG Report, the company’s investment in manure treatment and environmental protection facilities accounts for

[1]. This ratio is much higher than the industry average; according to the report, this investment level is the industry average, reflecting the company’s significant investment in environmental protection [1].

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Investment Project	Investment Amount	Main Purpose
Low-Soy Diet R&D and Application	RMB 143 million	Reduce soybean meal usage, cut nitrogen emissions and greenhouse gas emissions [1]
Environmental Protection Process Upgrading and Agricultural Support Pipeline Network Construction	RMB 1.056 billion	Improve environmental governance performance (2023 data) [2]

Muyuan Foods has established a comprehensive breeding environmental protection facility system, including [2]:

• Deodorization System
  : Ammonia removal rate > 97%, sterilization rate > 99%
• Solid-Liquid Separation Facilities
• Anaerobic Fermentation Treatment System
• Nutrient-Rich Water Storage Facilities
• Agricultural Support Pipeline Network
  : Cumulative length of
  28,381,000 meters
  [1]

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Indicator	2024 Data	Target Value
Manure Resource Utilization Rate	100% [1]	100%
Farmland Served Area	4,720,800 mu [1]	Continuous Expansion
Nutrient-Rich Water Applied to Farmland	179 million cubic meters [1]	-
Manure Water Reuse	3.875 million cubic meters [1]	-

Indicator	2024 Data
Total Greenhouse Gas Emission Intensity	1.461 tCO₂e/ton of product [1]
Biogas Utilization Rate	14.7% [1]
Green Power Replacement Ratio	2% [1]
Total Photovoltaic Installed Capacity	588.90 MW [1]
Photovoltaic Power Generation	205 million kWh [1]
Greenhouse Gas Emission Reduction	478,600 tCO₂e [1]

Indicator	2024 Data
Breeding Water Intake Intensity	25.06 cubic meters/ton of product [1]
2025 Target	Reduce by 0.2%
2030 Target	Reduce by 18%

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1. Leading Investment Level
   : The 7.3% environmental protection investment ratio far exceeds the industry average, reflecting the company’s emphasis on sustainable development [1]
2. Comprehensive Technical System
   : Established an environmental protection facility system covering the entire breeding process [2]
3. Efficient Resource Utilization
   : Achieved 100% resource utilization of manure, meeting the targets of “Zero Emissions, No Odor, No Disturbance to Residents” [1]

Muyuan Foods strictly adheres to the philosophy of , and has established a five-stage environmental protection target system of “Zero Emissions, No Hidden Risks, No Odor, Haze Reduction, Carbon Emission Reduction” [2].

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Muyuan Foods has established a sound environmental management organizational structure [2]:

• Environmental Protection Logistics Department
  : The responsible department for environmental management, with an Ecological Environmental Protection Technology Office under it
• Four-Level Management Organization
  : Regional-subsidiary-farm three-level environmental management structure
• Environmental Monitoring Department
  : Directly managed by the board of directors, acting as an independent third party to supervise environmental protection work
• Six Inspectorates
  : Continuously inspect and supervise the environmental protection work of the company’s various regions and farms

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[1] Muyuan Foods 2024 ESG Report - Sina Finance
(https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=002714&id=10793312)

[2] Muyuan Foods Co., Ltd. 2023 ESG Report - Eastmoney.com
(https://pdf.dfcfw.com/pdf/H2_AN202404261631416158_1.pdf)