隆平高科：公司种业收入占营业总收入的比例达90%以上

Core Viewpoint - The company, Longping High-Tech (000998), acknowledges that the seed industry market will face overall pressure in 2024, but emphasizes its strong operational resilience through a focus on core business, enhancing research and development, and improving efficiency [1] Group 1: Company Strategy - The company aims to strengthen its core business in the seed industry, which accounts for over 90% of its total revenue, highlighting a significant difference in revenue structure compared to some peers [1] - The company plans to solidify its innovative foundation and maintain its competitive position in the industry by focusing on capital operations and optimizing its capital structure [1] - The company is committed to accelerating its international development process and enhancing management capabilities to create long-term value for shareholders [1] Group 2: Market Position - The company differentiates itself from competitors through its sales model, primarily selling self-developed varieties, which results in a relatively higher sales expense ratio compared to some industry peers [1] - The company recognizes that its revenue structure and sales model are not directly comparable to those of some competitors, which may have lower seed revenue proportions and thus lower expense ratios [1]