Springsnow Food (SH:605567) Sou Hu Cai Jing·2025-05-09 14:25Core Viewpoint - Company successfully turned a profit in 2024, with significant year-on-year net profit growth driven by cost control, market expansion, currency exchange gains, and improved production efficiency [1][4]. Group 1: Financial Performance - In 2024, the company achieved a net profit turnaround, with a notable increase in gross margin and a decrease in total expenses, despite a decline in operating revenue [4]. - The company's Q1 2025 report showed a main revenue of 595 million yuan, a year-on-year increase of 12.48%, and a net profit of 11.17 million yuan, up 286.9% year-on-year [10]. Group 2: Cost Control and Efficiency - Cost management strategies included optimizing internal management, reducing breeding costs, and achieving a 16% and 27% decrease in corn and soybean meal procurement prices, respectively [1]. - The establishment of a smart factory improved production efficiency, leading to a 40% increase in the slaughter volume of broilers [1]. Group 3: Market Expansion - Export business volume grew by 23.4% year-on-year, with a total export of 23,200 tons and a significant increase in the European market, generating 92.25 million USD [1]. - The company plans to continue expanding production capacity, with a target of adding 2,400,000 broilers and increasing processed product capacity by 18,000 tons in 2025 [2]. Group 4: Brand Development - The company enhanced brand recognition through various initiatives, including product launches, participation in industry exhibitions, and collaborations with e-commerce platforms [7]. - The dual-brand strategy with "Chunxue" and "Shangxian" has successfully increased brand awareness and market acceptance [7]. Group 5: Future Growth Drivers - Future profit growth will be driven by the development of prepared food products, cost reduction measures, market expansion, channel optimization, and brand premium capabilities [8]. - The company aims to enhance product structure and accelerate digital transformation to improve production efficiency and management [9].