Long Ping High-Tech(SZ:000998) Cai Jing Wang·2026-02-09 08:28Group 1: Company Performance and Strategy - Longping High-Tech's Brazilian operations have significantly improved, with measures taken to reduce losses despite challenges such as low global grain prices and high loan rates [1] - The company expects an increase in gross margin by over 8 percentage points year-on-year due to comprehensive cost control measures across supply chain, human resources, and taxation [1] - Financial expenses have decreased by over 90% year-on-year, aided by a RMB 4 billion syndicated loan that replaced high-interest debt, and effective management of foreign exchange risks [1] Group 2: Rice Business Outlook - The rice business maintains a market share of over 20% and focuses on high-quality operations, with plans to develop high-value varieties in response to market demand [2] - There is potential for growth in international markets, particularly in Southeast Asia, where the company can leverage its advantages in variety and technology [2] - The company aims to expand its specialized and innovative business segments, with steady growth in sunflower and chili seed businesses, while facing challenges in other segments due to market fluctuations [2] Group 3: Corn Business Challenges and Strategies - The corn seed industry is currently in a downturn due to supply-demand imbalances and price declines, with expectations of continued impact in the next couple of years [3] - The company is proactively preparing next-generation corn varieties and has maintained a relatively stable performance compared to peers [3] - The company plans to utilize its strong cash flow and reduced debt ratio to pursue external expansion opportunities, including acquisitions in the fresh corn sector [3]