Core Viewpoint - The chairman of Guangdong Hengxing Group, Chen Dan, emphasizes the importance of ensuring multiple "good" factors in the aquaculture industry to address the issue of "high yield but low income" [1][13]. Group 1: Company Initiatives - Hengxing Group aims to create a comprehensive aquaculture food industry chain from "pond to table" [6]. - The company is accelerating its breeding efforts, having successfully developed new disease-resistant varieties of shrimp and fish [7]. - Hengxing Group has established the largest and most intelligent offshore aquaculture platform in Guangdong Province, named "Hengyi 1," and has initiated several projects in the Guangdong-Hong Kong-Macao Greater Bay Area [9][10]. Group 2: Industry Challenges - The aquaculture industry faces seasonal challenges, leading to concerns about achieving high yields without corresponding income [13]. - Chen Dan highlights the need to mitigate market risks associated with seasonal production cycles [13]. Group 3: Recommendations for Improvement - The company suggests improving the efficiency of germplasm introduction and breeding, as well as simplifying processes to facilitate business operations [15]. - Strengthening industry-academia-research cooperation is essential for addressing disease prevention in key aquaculture species [16]. - There is a call for the establishment of a water product reserve system to ensure food security and enhance support for deep processing and pre-prepared aquatic product parks [17][18]. - Emphasis is placed on developing sales channels and brand building to tackle issues related to price volatility and income stability in the aquaculture sector [19][20].

Group 1: International Marketing Expansion - The company has established international marketing operations covering over 40 countries and regions, with significant growth in non-U.S. market sales, which increased by 34% year-on-year [2][4] - In the European market, export volume saw a substantial increase of 60% [2][4] - The company successfully entered key Eastern European markets and is expanding into strict markets like Europe, Japan, and South Korea [2][4] Group 2: Financial Performance Overview - The total revenue for the reporting period was 3.409 billion yuan, a decrease of 26.16% compared to the previous year [4][5] - The net profit attributable to shareholders was approximately -742 million yuan, indicating a worsening loss due to various factors including low sales prices and market conditions [4][5] - The company implemented cost control measures and improved sales channel layouts, leading to better performance in some business segments [4][5] Group 3: Future Growth Strategies - Future profit growth is expected to focus on the "321 big product" strategy, where the top three products will account for 30%, 20%, and over 10% of revenue, respectively [3][4] - The company aims to optimize its sales structure, emphasizing a dual circulation model that integrates domestic and international markets [3][4] - R&D efforts will concentrate on stable raw material products and enhancing product competitiveness [3][4] Group 4: Market Position and Competitive Advantages - The company has been recognized as a leading enterprise in the domestic aquatic food and prepared food sector, ranking in the top ten of the Hurun China Prepared Food Enterprises list [6][7] - It boasts strong global procurement capabilities and a robust food quality control system, having achieved multiple international certifications [6][7] - The marketing strategy includes comprehensive coverage across various channels, including retail, e-commerce, and food service, with partnerships with major clients like Walmart and Hema [6][7] Group 5: Industry Trends and Adaptation - The company is committed to enhancing food safety and quality in response to government regulations aimed at promoting high-quality development in the prepared food industry [7][8] - It plans to continue expanding its international market presence while focusing on domestic market growth, having already exported products to over 40 countries [7][8] - The company is exploring opportunities for mergers and acquisitions to enhance market share, although this is not deemed a necessary option at present [6][7]