Building a Full-Chain Smart Agriculture EcosystemHONG KONG, July 07, 2025 (GLOBE NEWSWIRE) -- As a pioneer in smart logistics and supply chain innovation, Reitar Logtech (NASDAQ: RITR), building on its previously announced Bitcoin reserve strategy, today officially announced the establishment of its wholly owned subsidiary, Pine Forest Holdings Limited (“Pine Forest Holdings”). Pine Forest Holdings will focus on the vertically integrated food supply chain, offering seamless integration from food sourcing, c ...

Core Insights - The first quarter supply chain data for food ingredients released by the China Federation of Logistics and Purchasing indicates a positive outlook for the food ingredient industry, with a market size of 2.74 trillion yuan and a year-on-year growth rate of 2.98% [1] - The food circulation scale reached 1.76 trillion yuan, with a year-on-year growth rate of 3.17%, reflecting the resilience and vitality of the food market supported by economic recovery and policy benefits [1] Consumption Trends - The year-on-year growth rate of 2.98% in food ingredient consumption, while modest, is significant in the current complex economic environment, indicating strong consumer demand that is expected to further increase as the economy recovers [3] - Emerging consumption sectors such as prepared dishes and fresh food e-commerce are experiencing notable growth, driven by convenience and diverse offerings that cater to the fast-paced lifestyle of urban consumers [3] Supply Chain Efficiency - The food circulation scale's year-on-year growth rate of 3.17% highlights the efficient operation of the food supply chain, aided by advancements in logistics technology and infrastructure [3] - The rapid development of cold chain logistics is crucial, ensuring the quality and safety of perishable food items during transportation, supported by an increase in cold chain vehicles and storage facilities [3] Challenges and Sustainability - Despite positive developments, the food supply chain faces challenges, particularly concerning food safety, which requires companies to enhance quality control and establish robust food safety traceability systems [4] - The trend towards green development in the food supply chain is becoming essential, necessitating environmentally friendly practices in packaging, transportation, and storage to achieve sustainable growth [4] Industry Outlook - The solid start of the food supply chain in the first quarter lays a good foundation for industry development, but continuous efforts are needed to optimize supply chain management and improve product quality and service levels [4]

Financial Data and Key Metrics Changes - In 2024, the company achieved revenue of RMB 3 billion, with adjusted EBITDA of RMB 9 million, demonstrating positive EBITDA for three consecutive fiscal years [6] - Total revenue for the fiscal year 2024 was RMB 3,046.8 million, a decrease of 17.7% compared to RMB 3,702.4 million in 2023 [26] - Adjusted net income was RMB 1.6 million in 2024, down from RMB 6 million in 2023 [28] Business Line Data and Key Metrics Changes - Revenue from on-demand delivery solutions was RMB 2,828.5 million in 2024, a decrease of 17.1% compared to 2023 [26] - Revenue from mobility service solutions decreased by 25.1%, primarily due to a reduction in vehicles sold in the vehicle export solution business [26] - Gross profit for bike maintenance and ride building services grew significantly, with gross profit margin for housekeeping and accommodation services increasing from 26% to 36% [7][8] Market Data and Key Metrics Changes - The used vehicle export business, represented by Qubo International, exported over 3,500 cars to various regions, establishing a recognized certification brand [10] - The company has provided flexible employment opportunities for over 83,000 workers, contributing to social value while pursuing commercial success [17] Company Strategy and Development Direction - The company is focusing on a strategic transformation aimed at balancing commercial and social value through ecosystem empowerment and model innovation [5] - Future plans include replicating successful business models in more overseas markets and enhancing operational efficiency through technology and resource export solutions [12][13] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of maintaining business quality amidst market uncertainties to generate long-term development momentum [8] - The partnership with New World is expected to significantly contribute to revenues by 2025, marking a transformation from a service partner to a supply chain enabler [33] Other Important Information - General and administrative expenses decreased by 19% year on year, reflecting improved operational efficiency [6] - R&D expenses decreased by 13% year on year, with continuous cost reduction achieved through AI technology [6] Q&A Session Summary Question: What is the current progress of the cooperation with New World and what are the company's expectations? - The partnership with New World has improved the efficiency of beef delivery, and both parties are establishing a joint venture to incubate new restaurant brands, with significant revenue contributions expected by 2025 [32][33]

引言：舌尖上的经济变革 近年来，随着消费升级与生活节奏的加快，家庭餐桌的"轻烹饪"需求持续升温。火锅、烧烤因其便捷性、社交属性及口味普适性，逐渐成为家庭聚餐、朋友 聚会的首选场景。这一趋势催生了一个新兴市场——火锅烧烤食材供应链。而当一线城市竞争趋于饱和时，下沉市场（三四线城市及县域）正成为这一赛道 的新蓝海，其背后不仅蕴藏商业机遇，更承载着激活社区经济、带动就业增收的"共富"潜力。 一、下沉市场崛起：需求端的三重驱动力 消费升级的"平权化" 县域居民可支配收入增长（2023年农村居民人均可支配收入同比增长7.6%），叠加电商与物流网络渗透，下沉市场对品质化、便捷化食材的需求快速释 放。传统农贸市场的散装冻品已难以满足年轻家庭对产品标准化、安全性的要求。 二、供应链重构：从产地到社区的共富链条 下沉市场的食材供应链正在经历"去中间化"变革： 上游直采：区域品牌通过对接农产品基地、中央工厂，将牛羊肉、菌菇等地域特色食材纳入供应链，既降低采购成本，又助力农产品上行。例如，某川渝火 锅食材品牌在云南建立菌菇直采基地，带动当地农户户均年增收超2万元。 冷链下沉：随着冷链物流技术的普及（如移动式冷库、社区前置仓），三四 ...