金健米业: 大信会计师事务所（特殊普通合伙）出具的《关于金健米业股份有限公司2024年年度报告的信息披露监管问询函的回复》

Core Viewpoint - The financial performance of Jin Jian Rice Industry Co., Ltd. has shown significant declines in revenue and net profit for the year 2024, primarily due to the impact of asset restructuring and market conditions affecting its core business segments [1][2][3]. Financial Performance Summary - The company reported a total operating revenue of 462.716 million yuan for 2024, a year-on-year decrease of 115.22% [1]. - The grain and oil food processing segment generated revenue of 277.739 million yuan, down 6.66% year-on-year, while the agricultural product trading segment saw revenue drop by 13.53% to 125.496 million yuan [1][2]. - The net profit for the company decreased significantly, with the agricultural product trading segment reporting a loss of 160.93 million yuan, a decline of 1,238.15 million yuan compared to the previous year [8][9]. Business Segment Analysis - The grain and oil food processing segment's net profit increased by 1,161.88 million yuan, despite a revenue decline, due to improved gross margins from lower raw material prices [4][8]. - The agricultural product trading segment's performance was adversely affected by market conditions, leading to a significant drop in revenue and profitability [4][8]. - The dairy and leisure food segments also faced challenges, with the dairy segment's revenue declining by 11.15% and the leisure food segment reporting a net loss [8][9]. Asset Restructuring Impact - The company completed an asset restructuring in November 2024, which involved divesting three subsidiaries engaged in feed trading, impacting the overall revenue and profit structure [1][4]. - The restructuring aimed to focus on core business areas, but it resulted in short-term financial setbacks as the company adjusted to the new operational framework [4][9]. Future Outlook - The company is expected to see a reduction in the impact of the agricultural product trading segment on its overall performance due to the recent divestitures, which may stabilize future earnings [9]. - The focus on technological innovation and internal restructuring is anticipated to enhance operational efficiency and profitability in the long run [4][8].