证券代码：000061 证券简称：农产品 编号：2025-023 | 化种植基地；推动市场与产业链相互联结，积极开展优质单品培 | | --- | | 育工作；制定安全、品质、风味等多轮产品检测标准，精选优质 | | 农产品，积极参与"福市集"等推广活动，塑造深农品牌价值；深 | | 入探索进出口业务，成功引入马来西亚鲜猫山王榴莲、委内瑞拉 | | 冷冻带鱼、阿曼野生冷冻带鱼等优质农产品；持续拓展城市食材 | | 配送业务，打造辐射全国的网络布局，业务覆盖医院、学校、大 | | 型企事业机关单位等优质客户；继续大力推广深农聚合支付交易 | | 系统，提高市场运营效率、商户交易效率，加快数字化转型步伐。 | | 公司聚焦农产品流通领域，以"致力美好生活"为使命，以"现 | | 代农产品流通全产业链资源提供商和服务商"为战略定位，锚定 | | "数字菜篮子"战略目标，推动全产业链高效协同与价值重构，构 | | 建贯穿基地端至消费端全链条、具备全面服务能力的现代农产品 | | 流通生态平台。 | | 二、问答交流 | | 1、公司旗下农产品批发市场主要收入来源和定价情况 | | 公司旗下农产品批发市场管理业务的主要 ...

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, operating 35 agricultural product logistics parks across over 20 major cities in China, forming the largest wholesale market network in the country [1] - The average annual trading volume of the company's wholesale markets exceeds 33 million tons, with an average annual transaction value exceeding 250 billion yuan [1] - The company's business scope includes standardized base planting, cold chain processing, wholesale market construction and operation, urban ingredient distribution, brand development, and import-export trade [1] Strategic Focus - The company leverages its "national network" advantage to establish quality planting bases, guiding agricultural production based on market demand, and promoting standardized and digitalized planting [2] - It actively participates in promotional activities to enhance brand value and explores import-export business, successfully introducing high-quality products from Malaysia, Venezuela, and Oman [2] - The company aims to build a modern agricultural product circulation ecosystem, focusing on efficient collaboration across the entire industry chain [2] Revenue Structure - The revenue structure of the wholesale market management business primarily consists of rental income, commissions, management fees, and parking fees, with pricing determined by market conditions and local economic factors [2] Market Expansion Plans - The company has invested in 35 logistics parks, primarily positioned as sales markets, with plans for further development in key areas such as Shanghai, Chengdu, and Guangzhou [2] - Future projects will focus on expanding varieties and enhancing operations, including the relocation or upgrading of older markets [2] Investment Strategy - Over its 36 years, the company has focused on direct investments through new establishments and acquisitions, as well as indirect investments via industry funds, to expand its market presence [3] Import-Export Business - The company has significantly increased its import-export business, strengthening partnerships with core clients in Thailand, Vietnam, and Brazil, while also expanding channels to countries like Indonesia and Argentina [4] Urban Ingredient Distribution - The company has established 21 branches in major cities for its ingredient distribution business, covering hospitals, schools, and large enterprises, creating a nationwide network centered in Shenzhen [5] Digital Transformation - The company is enhancing its digital operations through big data, IoT, and cloud computing, including the implementation of a unified payment system and various information management upgrades [6] Loss Mitigation Measures - The company is implementing differentiated operational improvement plans for underperforming markets, focusing on strategic partnerships and resource integration to enhance operational efficiency [7] Case Study: Tianjin Haijixing - Tianjin Haijixing has evolved into the largest first-level wholesale market in Tianjin, achieving profitability in 2023 with a revenue of 232 million yuan and a net profit of 9.22 million yuan, marking a 49.43% year-on-year increase [7]

Group 1: Company Overview - The company was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, with 35 logistics park projects in over 20 major cities across China, forming the largest wholesale market network for agricultural products in the country [1] - The average annual trading volume of the company's wholesale markets exceeds 33 million tons, with an average annual transaction value exceeding 250 billion yuan [1] - The company's business scope includes standardized base planting, cold chain processing, wholesale market construction and operation, urban ingredient distribution, brand development, and import-export trade [1] Group 2: Competitive Advantages - After 36 years of development, the company has extensive experience in operating wholesale markets and a strong management talent pool [2] - The company integrates global partner resources and provides a one-stop service for the entire agricultural product supply chain, including wholesale trading venues, food safety testing, and brand cultivation [2] Group 3: Impact of New Retail Formats - The development of online new retail formats complements and collaborates with the wholesale market, creating an efficient supply chain linkage [3] - The company is enhancing its service capabilities through digital and intelligent tools, reinforcing its role as a core hub in the supply chain [4] Group 4: Revenue Enhancement Strategies - The company aims to improve transaction efficiency in the agricultural product circulation sector by accelerating project development and optimizing market layouts [4] - It plans to expand its business around the wholesale market, including supply chain connections, ingredient distribution, and brand development [4] Group 5: Market Management and Pricing - Revenue from the company's wholesale market management primarily comes from rent, commissions, management fees, and parking fees, with pricing based on market conditions and local economic factors [4] Group 6: Network Expansion Initiatives - The company is enhancing its national network by advancing key projects and promoting multi-regional collaboration [5] - New projects are being developed in strategic areas, including Shanghai, Chengdu, and Guangzhou, while older markets may undergo relocation or upgrades [7] Group 7: Base Operations and Supply Chain - The company has established cooperative relationships with approximately 10,000 acres of planting bases across multiple provinces, focusing on high-quality product cultivation [9] - It is actively developing the "Deep Farm" initiative to integrate agricultural production with rural revitalization [9] Group 8: Urban Ingredient Distribution - The company has expanded its ingredient distribution business, establishing 21 branches in major cities and covering various regions [9] - It aims to enhance food safety management capabilities and has been recognized for its quality management [9] Group 9: Digital Transformation - The company is leveraging big data, IoT, and cloud computing to enhance its digital operations and accelerate transformation [9] - Initiatives include the implementation of a unified transaction system and the launch of a price collection and release platform to improve market transparency [9]

Group 1: Investment Strategy - The company has been expanding its market presence through new establishments and acquisitions, with 35 physical agricultural logistics park projects in over 20 major cities across the country [1] - The company plans to continue investing in quality projects to enhance its core competitiveness and profitability [1] Group 2: Brand Development - The company is focused on developing the "Haijixing" brand, transitioning from traditional distribution to a smart ecological model, which aims to improve operational efficiency and service capabilities [2] - Over 90 "Deep Agricultural Selection" products have been developed, enhancing brand image and product value [2] Group 3: Urban Renewal and Collaborations - The urban renewal project at the Buji market is progressing, with the draft legal plan completed and under review [2] - A strategic cooperation agreement has been signed with Feige Group to explore future collaboration opportunities in agricultural production and tourism integration [2] Group 4: Employee Stock Ownership and Dividend Strategy - The 2024 employee stock ownership plan will allow stock transfer to individual accounts or management committee sales based on market conditions [2] - The company emphasizes a stable profit distribution policy, considering various factors such as profitability, cash flow, and investment needs when formulating its dividend strategy [3] Group 5: Market Value Management - The company is committed to enhancing shareholder returns by transitioning to a modern agricultural product distribution model and improving operational efficiency across the entire industry chain [3]

Core Viewpoint - The company has developed a comprehensive agricultural product logistics network over 36 years, establishing itself as a leader in the wholesale market for agricultural products in China [2] Group 1: Company Development - The company has invested in 35 physical agricultural product logistics park projects across more than 20 major cities in China [2] - It has built the largest wholesale market network for agricultural products in the country, showcasing extensive operational experience and a strong management talent pool in the agricultural wholesale market [2] Group 2: Industry Positioning - The company focuses on the entire agricultural product circulation industry chain, extending from wholesale markets to various services [2] - It integrates global partner resources to enhance the value of the industry chain, providing a one-stop service that includes wholesale trading venues, base certification, food safety testing, brand cultivation, centralized processing and distribution, promotion of quality specialty agricultural products, supply-demand matching, and import-export services [2] Group 3: New Development Framework - The company has established a new development framework that promotes interaction and sharing between domestic wholesale markets and international business resources [2]

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, operating 35 logistics park projects across over 20 major cities in China, forming the largest wholesale market network in the country [1] - The average annual trading volume of the company's wholesale markets exceeds 33 million tons, with an average annual transaction value exceeding CNY 250 billion [1] Business Operations - The company focuses on the entire agricultural product circulation chain, including standardized planting, cold chain processing, wholesale market construction, urban ingredient distribution, brand development, and import-export services [1][2] - It leverages a "national network" strategy to establish high-quality planting bases and guides production based on market demand, promoting standardized and digitalized planting [2] Financial Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 5.197 billion, a year-on-year increase of 36.11%, driven by business expansion and new product categories [4] - The net profit attributable to shareholders decreased due to competitive market strategies and a significant reduction in non-recurring gains compared to the previous year [5] Market Strategy - The company has developed a comprehensive service model for the agricultural product supply chain, offering one-stop services including wholesale trading venues, food safety testing, brand cultivation, and import-export facilitation [3] - Future plans include expanding the wholesale market layout, with ongoing projects in key areas such as Shanghai, Chengdu, and Guangzhou, while also upgrading older markets [5][6] Digital Transformation - The company is enhancing its digital operations through big data, IoT, and cloud computing, focusing on improving efficiency in wholesale markets and implementing various information management systems [6] - Initiatives include the launch of a price collection and release platform, providing merchants with price dynamics and trend analysis tools [6] Product Development - The company is actively expanding its "Deep Agricultural Selection" product matrix, ensuring quality through multiple rounds of testing and promoting products through events like "Fushi Market" [6] - Successful products include various high-quality items such as Sichuan Yaba Gan, Danzhou Beibei Pumpkin, and Cat Mountain King Durian Mooncake [6]

Core Viewpoint - The company has developed a comprehensive agricultural product wholesale market network across over 20 major cities in China, establishing itself as a leader in the agricultural product logistics sector [1] Group 1: Company Development - After 36 years of development, the company has invested in 35 physical agricultural product logistics park projects [1] - The company has built the largest agricultural product wholesale market network in China, showcasing extensive operational experience and a strong management talent pool in the agricultural wholesale market [1] Group 2: Industry Positioning - The company focuses on the agricultural product circulation sector, extending its operations from wholesale markets to the entire agricultural product supply chain [1] - It integrates global partner resources to deeply explore the value of the supply chain, providing a one-stop service that includes wholesale trading venues, base certification, food safety testing, brand cultivation, centralized processing and distribution, promotion of quality specialty agricultural products, production and sales docking, and import/export services [1] Group 3: New Development Pattern - The company has established a new development pattern that features domestic wholesale markets as the main body, with interlinked domestic and international business and resources that promote mutual sharing and enhancement [1]

Group 1: Company Overview - The company was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, operating 35 physical agricultural product logistics parks across over 20 major cities in China, forming the largest wholesale market network in the country [1][2] - The average annual trading volume of the wholesale markets exceeds 33 million tons, with an average annual transaction value exceeding 250 billion yuan [2] Group 2: Business Scope and Strategy - The company's business encompasses the entire agricultural product supply chain, including standardized base planting, cold chain processing, wholesale market construction and operation, urban ingredient distribution, brand development, and import-export services [2] - The company aims to build a modern agricultural product circulation ecosystem, focusing on digital transformation and high-efficiency collaboration across the supply chain [2][4] Group 3: Core Competitive Advantages - With 36 years of experience, the company has developed a leading agricultural product wholesale market network and a comprehensive service system integrating wholesale trading, quality control, brand incubation, and logistics [3][4] - The company is actively expanding its product matrix and enhancing brand influence through initiatives like "Fushi Ji" [3] Group 4: Digital Transformation and Operational Efficiency - The company is advancing its digital transformation by implementing a unified payment system and standardizing logistics operations to improve efficiency and service capabilities [3][4] - Various technological initiatives, such as unmanned management systems and data platforms, are being introduced to enhance market operations and provide real-time data to users [3] Group 5: Future Development Plans - The company plans to continue expanding its wholesale market presence, focusing on key regions and developing new projects while upgrading older markets [5] - Capital expenditure will be managed prudently, with a focus on stable cash dividends to shareholders based on the company's financial health and market conditions [5] Group 6: Employee Engagement - The 2024 employee stock ownership plan was successfully completed, reflecting the confidence of shareholders and management in the company's future, while also motivating employees to contribute to the company's growth [5]

Core Viewpoint - The company is actively expanding its agricultural product wholesale market, focusing on a comprehensive network across major cities in China, while also enhancing its digital capabilities and supply chain services [1][6]. Group 1: Investment Strategy - The company has invested in 35 agricultural logistics park projects across over 20 major cities, aiming to create a nationwide network [1]. - The investment in agricultural wholesale markets is influenced by strategic planning, logistics nodes, urban development, regional competition, and investment returns [1]. Group 2: Revenue Structure and Pricing Model - The revenue structure of the agricultural wholesale market management business includes rent, commissions, management fees, and parking fees, with pricing based on market conditions and local economic factors [2]. Group 3: Impact of New Retail Formats - The development of online new retail formats complements the agricultural wholesale market, creating an efficient supply chain linkage [3]. - The company is focusing on digital transformation to enhance service capabilities across the entire supply chain [3]. Group 4: Base Business Development - The company has established agreements with approximately 440,000 acres of planting bases across multiple provinces, promoting standardized and digitalized agricultural production [4]. - The "One Base, One Garden, One Center" initiative aims to integrate agricultural production with local economic development [4]. Group 5: Full Industry Chain Service Capability - The company provides a comprehensive range of services across the agricultural product supply chain, including certification, safety testing, brand development, and export services [5]. Group 6: Digital Transformation - The company is enhancing its digital operations through big data, IoT, and cloud computing, with initiatives like the deep agricultural aggregation trading system and market price collection platforms [6]. Group 7: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 5.198 billion, a year-on-year increase of 36.11%, while net profit decreased by 16.31% [7]. - The third quarter alone saw a revenue of 1.707 billion, up 20.97% year-on-year, but net profit fell by 27.42% [7].

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, forming a large-scale wholesale market network across over 20 major cities in China [1] - The company operates 35 physical agricultural product logistics parks, with an average annual trading volume exceeding 33 million tons and an average annual transaction value exceeding 250 billion yuan [1] Business Operations - The company focuses on the entire agricultural product supply chain, including standardized base planting, cold chain processing, wholesale market construction, urban ingredient distribution, brand development, and import-export services [1] - It has established partnerships with approximately 440,000 acres of planting bases across multiple provinces, including Guangdong, Guangxi, and Sichuan [3] Strategic Initiatives - The company aims to create a modern agricultural product circulation ecosystem, emphasizing digital transformation and efficient collaboration across the supply chain [2] - It is actively developing high-quality planting bases guided by market demand, promoting product safety and quality through multiple testing standards [2] Revenue Structure - The revenue structure of the wholesale market management business includes rent, commissions, management fees, and parking fees, with pricing influenced by local economic conditions and market competition [2] Digital Transformation - The company is enhancing its digital operations through big data, IoT, and cloud computing, including the implementation of a unified payment system and various management systems to improve operational efficiency [4] - A price collection and publication platform has been launched to provide merchants with price dynamics and enhance industry transparency [4] Market Positioning - The company positions its wholesale markets as key sales hubs, considering factors such as strategic planning, logistics, urban development, and investment returns in its market investments [2] - It is exploring new retail formats that complement the wholesale market, enhancing supply chain efficiency and service capabilities [3]