金正大2024年度网上业绩说明会问答实录

Core Viewpoint - The company held its 2024 annual online performance briefing, achieving a 100% response rate to investor questions, indicating strong engagement and transparency with stakeholders [1]. Financial Performance - As of the end of 2024, the company's total liabilities amounted to 8.9 billion, with interest-bearing liabilities at 4.687 billion, resulting in a debt ratio of 80.61% and an interest-bearing asset liability ratio of 42.46%, showing a continuous downward trend [2][10]. - The company's fertilizer inventory stood at 216,100 tons by the end of 2024 [9]. Product Development and Strategy - The company aims to be a respected provider of agricultural solutions, focusing on the development and promotion of controlled-release fertilizers, which are encouraged by the state for their high efficiency and labor-saving benefits [3]. - The company has developed a comprehensive range of products, including compound fertilizers, controlled-release fertilizers, and various plant nutrition solutions, establishing a leading advantage in technology, variety, and scale [3]. Project Updates - The construction of the Maluzhao phosphate mine is currently in the "four connections and one leveling" phase, with the project facing various uncertainties, including policy approvals and geological conditions, which may affect the timeline [4][9][17]. - The company is actively working to expedite project construction and improve performance through marketing breakthroughs and cost reduction measures [4]. Market Expansion - The company has established factories in Spain and a marketing network in Southeast Asia, actively expanding its international business [12]. - The company is collaborating with AgriAKU in Indonesia to build 200 demonstration fields for various crops, indicating a commitment to international agricultural development [10]. Future Outlook - The company plans to enhance its revenue and profitability through marketing breakthroughs, cost reduction, and operational efficiency improvements, with a focus on product transformation and digitalization [8][15]. - The company is committed to sharing controlled-release fertilizer technology globally, with plans to promote it in Europe, East Asia, Southeast Asia, and Africa [18].