Core Viewpoint - October Rice Field Group Co., Ltd. reported a revenue of 5.745 billion yuan for 2024, representing an 18% year-on-year increase, and an adjusted net profit of 350 million yuan, up 115.5% year-on-year [3][4]. Revenue Breakdown - The company's online channel revenue reached 3.598 billion yuan, an 8.86% increase from the previous year, with e-commerce platform revenue at 2.384 billion yuan, down 15.97%, and self-operated online store revenue at 1.215 billion yuan, up 159.06% [3][4]. - Revenue from modern supermarkets was 1.013 billion yuan, showing a robust growth of 54.89% year-on-year, attributed to deep cooperation with quality clients [3][4]. Product Performance - Rice products remained the main revenue driver, generating 4.014 billion yuan, a 4.8% increase, accounting for 69.9% of total revenue, due to a shift towards mid-to-high-end rice varieties [4]. - Corn product revenue surged to 815 million yuan, a significant increase of 523.2% year-on-year, reflecting a growing consumer preference for corn as a healthy carbohydrate source [4][5]. Market Trends - The trend towards healthy eating has led to increased demand for corn, which is seen as a quality carbohydrate that aligns with consumer preferences for low-calorie, high-fiber foods [5][6]. - The National Whole Grain Action Plan (2024-2035) emphasizes increasing the proportion of whole grains in residents' diets, indicating a potential growth area for corn products in the future [6].
十月稻田2024年实现营收57.45亿元 玉米产品营收同比增加523.2%