北京大北农科技集团股份有限公司2024年年度报告摘要

Company Overview - The company operates in seed, feed, pig farming, and vaccine production and sales, achieving a revenue of 28.77 billion yuan in 2024, a decrease of 13.85% year-on-year [1] - The net profit for the year was 715.50 million yuan, with a profit attributable to shareholders of 345.77 million yuan, marking a turnaround from losses due to increased pig sales prices and reduced costs [1] Business Segments Seed Business - Seed revenue reached 142.51 million yuan, accounting for 4.95% of total revenue, with a year-on-year growth of 1.40% [7] - The company has established a comprehensive seed industry chain, focusing on corn, rice, and soybean, with over 200 cooperative seed enterprises [3][4] - The company has received multiple approvals for genetically modified crops, enhancing its market presence in both domestic and international markets [8] Feed Business - Feed product revenue was 1.91 billion yuan, down 20.68% year-on-year, with total sales volume of 540,550 tons, a decrease of 7.61% [13] - The company has developed a comprehensive management and manufacturing system, with over 100 production bases across 28 provinces [9][10] - The feed business is transitioning to a more open and shared industrial ecosystem, providing comprehensive solutions to small and medium-sized farms [10] Pig Farming Business - The pig farming segment generated revenue of 627.78 million yuan, a year-on-year increase of 10.10%, with a total of 640,500 pigs sold [16] - The company has established a breeding system and a cooperative farming model, covering 22 provinces and over 2,000 cooperative farms [14][15] - The company aims to create a sustainable pig farming ecosystem, focusing on quality and efficiency [15] Financial Highlights - The company plans not to distribute cash dividends or issue new shares, with retained earnings carried forward to future periods [20][22] - The net profit attributable to shareholders for the consolidated financial statements was 345.77 million yuan, with a retained profit of 2.40 billion yuan [22] - The company has a significant amount of undistributed profits, indicating a focus on reinvestment for future growth [22]