Group 1: Company Strategy - The overall strategic framework of Kangdaar is "moderate diversification with relative industry focus" [2][3] - Agriculture is the main business focus, while financial services are seen as a future trend, leading to a focus on agricultural finance [2][3] Group 2: Historical Context - Kangdaar was once the largest poultry farming enterprise in China and a top feed company, missing the golden decade of the feed industry from 2002 to 2012 [3] - The company aims to undergo comprehensive information technology construction and industry transformation [3] Group 3: Management and Talent - The management team has recruited elite talents from various industries, particularly in agricultural finance [3][4] - The company emphasizes the importance of talent in establishing a robust institutional framework for financial services [4] Group 4: Financial Services Development - Kangdaar's agricultural finance initiative, "Fengshou Loan," aims to integrate internet technology into agricultural finance [3][4] - The company has identified four key advantages in its financial services: talent acquisition, securing valuable licenses, achieving scale, and ensuring profitability [4] Group 5: Business Model - The business model includes eight profitable models tailored to agricultural and rural finance, focusing on creating a closed-loop management system [4] - The company aims to leverage its extensive customer base while prioritizing customer quality [4] Group 6: Future Outlook - In 3-5 years, Kangdaar plans to enhance the integration of Fengshou Loan with agricultural finance, positioning itself uniquely in the internet finance landscape [4] - The future of internet finance is expected to be dominated by industry chain finance, with various types of companies emerging [4]

证券代码：000048 证券简称：京基智农 编号：2022-019 深圳市京基智农时代股份有限公司 投资者关系活动记录表 | --- | --- | |-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类别 | 特定对象调研（含个人投资者来访） 分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 现场参观 其他（电话会议） | | | 太平基金 陈豪 邱子扬 | | | 方正证券 娄倩 邱星皓 高之昱 | | | 银华基金 孙勇 华安基金 王旭冉 | | | 富荣基金 钟津莹 | | | 长城基金 刘疆 | | | 中银基金 王寒 | | 参与人 / 单位名称 | 平安基金 张晓泉 | | | 睿远基金 李武 | | | 金元 ...

证券代码：000048 证券简称：京基智农 编号：2021-001 - 1 - 深圳市京基智农时代股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------- ...

Group 1: Financial Performance - The company reported a loss in Q3 primarily due to the gradual capacity increase of its pig farming projects, rising operating costs, and a decline in market prices, leading to losses in the pig farming business [3] - The estimated loss per pig in Q3 is not aligned with the current output, and future profitability is closely tied to market conditions, indicating uncertainty [3] - The company aims to achieve a full cost target of 16.3 RMB/kg next year, focusing on cost control and efficiency improvements [3] Group 2: Production Capacity and Plans - The company has built and is constructing projects in Xu Wen, Gao Zhou, Wen Chang, and He Zhou, with a total expected output of approximately 2 million pigs upon full capacity [3] - The current output for this year is around 200,000 pigs (including piglets), with a projected output of over 1 million pigs for the next year, considering market conditions [3] Group 3: Real Estate Development - The company has clarified its strategic planning to not initiate new real estate projects, focusing instead on existing land development [3] - The Shanhai Yuyuan real estate project has already opened for pre-sale, with expected cash inflow of approximately 15 billion RMB [3] - The Shanhai Gongguan project is anticipated to open for pre-sale in April 2022, with an expected cash inflow of over 4 billion RMB [3] Group 4: Financial Reserves and Cash Flow - As of the end of Q3, the company has accumulated pre-receipts of over 3.5 billion RMB from the Shanhai Yuyuan project, with an expected total cash return of 11 billion RMB upon project completion [4] - The company has a bank credit line of approximately 6 billion RMB, with about 2.1 billion RMB drawn, indicating sufficient liquidity to navigate industry cycles [4]

证券代码：000048 证券简称：京基智农 编号：2021-002 深圳市京基智农时代股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------| | 投资者关系活动类别 | 特定对象调研（含个人投资者来访） □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 其他（电话会议） | □分析师会议 | | ...