Core Viewpoint - Wens Food Group has achieved significant growth and development over the past ten years since its listing, with a focus on the "company + farmer" model, contributing to rural revitalization and sustainable agricultural practices [2][3][4]. Financial Performance - Total assets increased from 32.73 billion yuan to 93.86 billion yuan from 2015 to 2024 [4]. - Total revenue surged from 48.24 billion yuan to 104.92 billion yuan, making it one of the few agricultural enterprises to surpass the 100 billion yuan revenue mark [5]. - Cumulative dividends exceeded 30.1 billion yuan, and payments to cooperative farmers surpassed 92.9 billion yuan [6][9]. Business Model and Innovation - The "company + farmer" model has evolved to include various forms such as "company + family farms" and "company + modern breeding communities + farmers" [21]. - The average annual income of cooperative farmers increased from 111,000 yuan in 2015 to 275,000 yuan in 2024, a growth of 147.7% [25]. - The company has invested 4.81 billion yuan in research and development over ten years, with a compound annual growth rate of 14% [46]. Technological Advancements - Wens has developed leading breeding technologies, including hybrid breeding and genome selection, significantly reducing production costs [50][61]. - The company has established the largest livestock and genetic resource bank in China, supporting the annual output of over 60 million market pigs [60]. Environmental Responsibility - Cumulative investment in environmental protection reached 6.64 billion yuan, leading to the production of 32 million tons of organic fertilizer [78]. - The company has achieved a carbon reduction of over 95 million tons of CO₂e from 2015 to 2024 [87]. - Wens has implemented a comprehensive carbon accounting and trading system, achieving ISO14068 carbon neutrality certification for its breeding parks [86]. Social Responsibility - The "Love Farmers Protection" plan provides a comprehensive insurance system for cooperative farmers, ensuring financial security in case of losses [105]. - The company actively participates in rural revitalization initiatives, contributing to local economic development and improving the quality of life for villagers [76][40].
上市十年,分红301亿,支付农户超929亿!温氏股份的齐创共享奔富路