金十数据6月10日讯，证监会官网发布关于十月稻田集团股份有限公司境内未上市股份"全流通"备案通 知书。公司9名股东拟将所持合计646,333,720股境内未上市股份转为境外上市股份，并在香港联合交易 所上市流通。 十月稻田港股IPO及境内未上市股份"全流通"获中国证监会备案 ...

Group 1 - The Consumer Brand Conference held in Shenyang, Liaoning Province, focused on enhancing market consumption vitality and promoting high-quality industry development [1] - October Rice Field Group, as the first unicorn enterprise in Liaoning, was recognized in the first batch of Chinese consumer brands, highlighting its brand and product quality [1] - The company has leveraged the rise of e-commerce to expand from Northeast China to the national market, becoming the "first stock of rice in Hong Kong" after its listing in 2023 [1] Group 2 - October Rice Field emphasizes the dual focus on social value and economic benefits, aiming to promote rural revitalization as a key mission [2] - The company has established five industrial bases in Northeast China's premium grain production areas and has purchased over 14 billion yuan of raw grain from local farmers from 2020 to 2024 [2] - By integrating the entire supply chain from planting to sales, October Rice Field has driven the development of local specialty industries and enhanced rural economic growth [2] Group 3 - The Consumer Brand Conference is seen as a new impetus for the high-quality development of China's consumer goods industry, with October Rice Field aiming to tell the story of domestic brands and promote Northeast flavors globally [3]

以下文章来源于证券之星 ，作者刘浩浩 财报显示，十月稻田2024年实现营收57.453亿元，同比增长18%，实现归母净利润2.044亿元， 同比增长415.08%，上年同期为亏损6486万元。 对于2024年业绩变动，十月稻田表示，主要受公司优化产品结构及在销售渠道上进行策略性布局等 因素影响所致。 资料显示，十月稻田是一家厨房主食食品企业，2023年10月在港交所上市，主要产品为预包装大 米、玉米、杂粮、豆类及干货产品等。 证券之星注意到，与传统粮油企业主要经营线下渠道不同，十月稻田经过多年发展，已成为一家以 线上销售为特色的"网红"品牌。2020-2022年，公司来自电商平台的销售收入占到总营收的六成 左右。 证券之星 . 证券之星始创于1996年，是国内领先的金融信息及综合服务平台。关注证券之星，即时获取有价值的财 经资讯。 来源|证券之星 作者|刘浩浩 近日，十月稻田(09676.HK)发布2024年业绩报告。在连续三年亏损后公司业绩终于成功扭亏， 2024年实现归母净利润超2亿元，同比增长超四倍。 不过证券之星注意到，十月稻田表面光鲜的数据背后却暗藏隐忧。作为其营收支柱的大米业务增速 持续下滑，而" ...

Core Viewpoint - The company has successfully turned around its performance after three consecutive years of losses, reporting a net profit of over 200 million yuan for 2024, a year-on-year increase of over four times [1][2]. Revenue Structure - The company achieved a revenue of 5.7453 billion yuan in 2024, representing an 18% year-on-year growth, while the net profit reached 204.4 million yuan, a 415.08% increase from a loss of 64.86 million yuan in the previous year [2]. - The rice business, which has been the company's core revenue driver, accounted for nearly 80% of total revenue from 2020 to 2022, but its growth has slowed significantly in recent years [2][3]. Rice Business Performance - In 2024, the rice business generated revenue of 4.0145 billion yuan, with a year-on-year growth rate dropping to 4.81% from 5.76% in 2023. The revenue contribution from the rice business decreased from 78.7% in 2023 to 69.87% in 2024 [3]. - Despite the slowdown, the gross profit from the rice business increased by 42.73% to 629.3 million yuan due to adjustments in product mix and enhanced online sales channels [3]. Corn Business Development - The company has been actively developing its corn product line as a "second growth curve," with revenue from this segment soaring to 815.1 million yuan in 2024, a staggering 523.17% increase year-on-year [4]. - However, the rapid growth of the corn business has led to a significant rise in food safety complaints, with 513 complaints reported on a consumer platform, indicating potential quality control issues [4][5]. Investment in Tea Baidao - The company made a cross-industry investment in Tea Baidao, purchasing 22.32 million shares for nearly 365 million yuan, but this investment has resulted in substantial losses [6][7]. - The share price of Tea Baidao dropped significantly from the initial purchase price of 17.5 HKD to 9.8 HKD, leading to an estimated loss of approximately 160 million HKD for the company [7].

Core Viewpoint - The recent financial and ESG report from October Rice Field highlights the company's sustainable growth potential and provides a comprehensive new perspective for the market [1]. Group 1: Financial Performance - In 2024, October Rice Field achieved total revenue of RMB 5.745 billion, a year-on-year increase of 18.0%, and an adjusted net profit of RMB 350 million, up 115.5% [3][4]. - The gross profit margin reached 17.7%, an increase of 5 percentage points compared to the previous year [3]. - The rice product category contributed RMB 4.015 billion, accounting for 69.9% of total revenue, while corn products generated RMB 815 million, representing 14.2% of total revenue [4]. Group 2: Growth Drivers - The company's growth is attributed to "innovation-driven" strategies, focusing on high-end rice development and expanding the corn product line [3][5]. - October Rice Field has developed a diverse range of corn products, including over 30 subcategories, catering to consumer demand for variety [5]. - The company is positioned to benefit from favorable market trends and policies aimed at boosting domestic consumption and promoting healthy eating [11][13]. Group 3: Strategic Initiatives - October Rice Field plans to upgrade its brand positioning to "Family Food Innovation Brand" by 2025, enhancing brand value and market recognition [6][9]. - The company aims to maintain rapid growth through a dual strategy of expanding existing product lines and introducing new categories [10][12]. - The focus on high-quality development and strategic brand upgrades reflects the company's commitment to innovation and market leadership [20]. Group 4: Social Responsibility and Rural Development - October Rice Field contributes to rural revitalization by connecting industrial and agricultural sectors, promoting deep processing of agricultural products, and creating job opportunities for local farmers [16][17]. - The company has invested over RMB 14 billion in raw grain procurement from Northeast farmers from 2020 to 2024, significantly benefiting local communities [17]. - October Rice Field's commitment to social responsibility is recognized through various awards, including being named a model for rural revitalization in ESG practices [19][20].

Financial Performance - Revenue for 2024 reached RMB 5,745,315, an increase of 17.9% compared to RMB 4,867,026 in 2023[16] - Gross profit for 2024 was RMB 1,019,372, representing a gross margin of approximately 17.7%[16] - The company reported a profit for the year of RMB 204,373, a significant recovery from a loss of RMB 64,863 in 2023[16] - Adjusted net profit for 2024 was RMB 349,466, up from RMB 162,225 in 2023, indicating a growth of 115.5%[16] - The Group's profit for the year improved from a loss of RMB 64.9 million in 2023 to a profit of RMB 204.4 million in 2024[106] - Adjusted net profit (non-IFRS measure) increased by 115.5% from RMB 162.2 million in 2023 to RMB 349.5 million in 2024, with an adjusted net profit margin rising from 3.3% to 6.1%[115] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 4,613,818, a slight decrease from RMB 4,734,811 in 2023[20] - Current assets decreased to RMB 2,682,858 in 2024 from RMB 3,567,238 in 2023, reflecting a decline of 25%[20] - Total liabilities for 2024 were RMB 1,059,048, down from RMB 1,351,301 in 2023, showing a reduction of 21.6%[20] - Net assets increased to RMB 3,554,770 in 2024, compared to RMB 3,383,510 in 2023, indicating a growth of 5.1%[20] Revenue Breakdown - Revenue from rice products increased by 4.8% to RMB 4,014.5 million, accounting for 69.9% of total revenue, while revenue from corn products surged by 523.2% to RMB 815.1 million, representing 14.2% of total revenue[57] - Revenue from whole grain, bean, and other products remained stable at RMB 469.5 million, while dried food and other products saw a 2.5% increase to RMB 446.2 million[57] - Revenue from online channels increased by 8.9% from RMB3,305.6 million in the previous year to RMB3,598.7 million this year, accounting for the majority of total revenue[65] Market Strategy and Growth - The company plans to expand its market presence and invest in new product development in the upcoming fiscal year[16] - Future guidance indicates a focus on improving operational efficiency and enhancing product offerings to drive revenue growth[16] - The Group aims to provide pre-packaged premium products, focusing on rice, corn, whole grains, beans, and dried food, to meet the growing consumer demand for health and quality[43] - The market for pre-packaged products is expanding due to consumer preferences for convenience and quality, leading to higher growth rates in this segment[42] Operational Efficiency - The inventory turnover days increased from 127 days in 2023 to a projected 113 days in 2024, indicating improved efficiency[22] - The gearing ratio improved significantly from 28.5% in 2023 to a projected 23.0% in 2024, reflecting a stronger financial position[22] - Efficient supply chain management allows for order-based production, ensuring products are processed and dispatched within three days, maintaining freshness[79] Leadership and Management - The company has seen significant leadership continuity with directors having extensive backgrounds in the food industry and finance, enhancing strategic decision-making capabilities[175] - The company is actively expanding its management team with experienced professionals to strengthen its operational and financial strategies[179] - The leadership team is well-educated, with degrees from prestigious institutions, enhancing the company's credibility and strategic direction[177] Investments and Future Outlook - The Group made a significant investment in Migao Group Holdings Limited on March 21, 2024, with an initial capital contribution of RMB 152.576 million, representing a 4.4% shareholding[155] - The Group maintains a positive outlook on future prospects related to its equity investments and has not altered its investment strategy due to short-term market fluctuations[157] - There are currently no plans for acquiring other material investments or capital assets during the reporting period[159]

Company Overview - October Rice Field (十月稻田) is a well-known "high-end rice" brand in Hong Kong, leveraging the fertile black soil of Northeast China to brand and sell rice nationwide through various e-commerce platforms [4]. - The company has recently expanded its product line to include corn, which is expected to become a significant growth driver for future performance [4]. Financial Performance - For the fiscal year 2023, the company reported a revenue of 5.745 billion RMB, representing an 18.0% year-over-year increase [4]. - Adjusted net profit reached 350 million RMB, showing a remarkable growth of approximately 116% compared to the previous year [4]. - The rice segment remains the core revenue driver, generating 4.014 billion RMB in revenue, a 4.8% increase year-over-year, while corn products saw a substantial revenue increase of 523.2%, totaling 815 million RMB [4]. Market Sentiment - The stock price of October Rice Field has been under pressure, recently declining by 4.93% to 6.75 HKD per share, with a market capitalization of 7.21 billion HKD [2]. - Following a significant share reduction by major shareholder Liu Qiangdong, who sold 1.1001 million shares at 8.0172 HKD each, investor sentiment has been mixed, with some choosing to sell [3][4]. - Analysts suggest that the recent increase in import tariffs may reduce agricultural imports, potentially boosting domestic agricultural demand and making the sector an attractive investment option [5]. Industry Outlook - The agricultural sector is expected to benefit from policies aimed at strengthening domestic production, as highlighted in the recent "Plan for Accelerating the Construction of an Agricultural Powerhouse (2024-2035)" issued by the central government [5]. - The focus on ensuring stable and secure supply of food and important agricultural products is seen as a priority, which may enhance the investment value of companies like October Rice Field [5][6].

Market Overview - The trade war escalation has severely impacted global stock markets, with Hong Kong's Hang Seng Index dropping over 3000 points, marking its largest point decline and falling below the 20,000 mark [1] - The Hang Seng Index closed down 13.22% or 3021.51 points at 19828.30, with a trading volume of 6208.98 million HKD [1] - The Hang Seng China Enterprises Index fell 13.75% to 7262.72, and the Hang Seng Tech Index dropped 17.16% to 4401.51 [1] Blue Chip Performance - Xiaomi Group-W (01810) saw a significant decline of 20.59%, closing at 36.45 HKD, contributing to a 275.67 point drop in the Hang Seng Index [2] - Other notable declines included BYD Electronics (00285) down 22.37%, Sunny Optical Technology (02382) down 20.46%, and Alibaba-W (09988) down 17.98% [2] Sector Performance - Major tech stocks experienced sharp declines, with Xiaomi down over 20%, Alibaba nearly 18%, and Tencent over 12% [3] - Pharmaceutical stocks faced significant losses, with Deqi Pharmaceuticals-B (06996) down 30.77% and Hengrui Medicine (00013) down 22.12% [3][4] - Apple-related stocks also suffered, with AAC Technologies (01415) down 32.13% and BYD Electronics down 22.37% [4] Trade Policy Impact - The U.S. has implemented enhanced data access restrictions for Chinese institutions, affecting key biomedical databases, which may complicate the pharmaceutical supply chain [4] - Trump's tariff policies are expected to increase Apple's costs by approximately 8.5 billion USD annually, potentially raising the price of the iPhone 16 Pro Max significantly [5][6] Automotive Sector - The automotive supply chain is under pressure due to new tariffs, with companies like XPeng Motors-W (09868) and Li Auto-W (02015) experiencing declines of 20.29% and 17.85%, respectively [6][7] - The U.S. plans to impose a 25% tariff on vehicles produced outside the U.S., which could lead to higher consumer prices and impact global supply chains [7] Commodity Market - Oil prices have dropped significantly, with U.S. crude futures falling below 60 USD per barrel, influenced by tariff policies and OPEC+ production increases [8] - Base metals have also seen declines, with copper prices down 10.36% and aluminum down 6.63% week-over-week [9] Agricultural Sector - October Rice (09676) saw a notable increase of 28.78%, attributed to potential price increases in agricultural products due to tariffs [10] - The agricultural sector may benefit from reduced imports of U.S. products, leading to price increases for domestic crops [10] Rare Earth Sector - The rare earth sector experienced volatility, with companies like Jinli Permanent Magnet (06680) initially rising before closing down 23.68% [11] - New export controls on rare earth elements may create strategic opportunities in the sector, despite short-term price fluctuations [11]

Market Overview - The global financial market experienced a significant downturn, with the Hang Seng Index dropping over 3,000 points, a decline of 13.22% [1] - Major indices such as the National Enterprises Index and the Hang Seng Technology Index also saw substantial losses, falling by 13.75% and 17.16% respectively [1] Sector Performance - Large technology stocks and financial sectors faced severe declines, with Xiaomi dropping over 20% and Alibaba nearly 18% [3][5] - Chinese brokerage firms also suffered, with China International Capital Corporation (CICC) falling over 20% and other firms like China Galaxy and CITIC Securities dropping more than 19% [6][7] Specific Stock Movements - Apple-related stocks were heavily impacted, with companies like Gao Wei Electronics plummeting over 32% and BYD Electronics down over 22% [9][10] - Biotech stocks saw significant declines, with companies like Ginkgo Bioworks and LianKe Pharmaceuticals dropping over 29% [11] - Semiconductor stocks also faced downturns, with INNOCARE and Hongguang Semiconductor falling over 23% [12] Agricultural Sector - In contrast to the overall market, agricultural stocks performed well, with October Rice Field rising nearly 29% [15] Capital Flows - Southbound capital saw a net inflow of HKD 15.373 billion, indicating continued interest in Hong Kong stocks despite the market downturn [15] Future Outlook - Analysts suggest that the Hong Kong market still holds relative return potential due to improving domestic economic indicators and ongoing capital inflows [17]

Core Insights - The iSEE Global Awards highlighted innovation and taste in the food sector, with October Rice Field winning five awards, including the "iSEE Global Food Innovation Award" for its corn product innovations [2][3] - The rise of health-conscious eating has made corn a popular alternative staple, leading October Rice Field to develop over 30 corn-based products, transforming corn from a traditional staple to a diverse, fast-moving consumer good [3][5] Company Strategy - Since its inception, October Rice Field has focused on innovation and change, leveraging e-commerce partnerships to achieve rapid growth and establish a strong online presence across major platforms [4][5] - The company has expanded its marketing strategy by utilizing founder IPs to enhance brand visibility and consumer engagement, collaborating with popular media figures to promote its products [4][6] Market Performance - October Rice Field's corn products have seen significant sales growth, with over 13 million units sold on Douyin by March 2025, and revenue from corn products rising from 2.7% in 2023 to 14.2% in 2024, totaling 815 million yuan [5][6] - The company is positioned to benefit from the increasing demand for healthy food options, with projections indicating that the market for staple corn products could reach 5.77 trillion yuan by 2025 [7][8] Supply Chain and Quality Control - October Rice Field emphasizes quality control by sourcing from Northeast China's fertile soil and implementing a comprehensive supply chain that includes modern factories and storage facilities [6][7] - The company has established a modern logistics system to ensure the delivery of safe, healthy, and delicious food products to consumers, enhancing user experience [7][8] Industry Impact - The success of October Rice Field in the corn category offers a new model for agricultural branding and industry chain construction, potentially influencing modern agricultural practices [8] - The company aims to continue its innovation across various product categories, contributing to the agricultural economy and consumer food quality [8]