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].
遭刘强东减持，十月稻田跌近5%，后续投资价值如何？