Core Viewpoint - Beijing Dabeinong Technology Group Co., Ltd. reported a revenue of 20.744 billion yuan for the first three quarters of 2023, a year-on-year increase of 2.99%, and a net profit attributable to shareholders of 257 million yuan, a significant year-on-year increase of 92.56% [1] Group 1: Company Performance - The company has established a comprehensive business system covering six major sectors, including biotechnology and seed breeding, with a network of 50 subsidiaries [1] - Dabeinong's seed sales in 2024 are projected to reach 53.526 million kilograms, covering over 40 million mu of farmland and serving 750,000 farmers [1] Group 2: Research and Development - Dabeinong has a research team of over 2,600 people, accounting for more than 16% of its total workforce, with R&D investment of 734 million yuan in 2024, representing 2.55% of revenue [2] - The company has received six national science and technology progress awards, including one special prize and one first prize [2] Group 3: Innovation Strategy - Dabeinong has developed a clear "532" strategy and "2+4+X" matrix for innovation, emphasizing a balanced approach to independent innovation and collaboration [3] - The company implements three paths for achieving innovation: independent research and development, technology introduction, and industry-university-research cooperation [4] Group 4: Product Development and Market Strategy - Dabeinong focuses on full-chain layout and brand operation, exemplified by its flagship product "Dayougu," which aims to provide safer and more nutritious food [5] - The company is committed to driving modern agriculture towards high yield, quality, green, and low-carbon futures through its dual engines of biological breeding and manufacturing [5][6] Group 5: Global Vision and Strategic Alignment - Dabeinong's "Seed Out Bean In" plan in South America has evolved into a "Technology Out Grain In" strategy, showcasing its global perspective and capabilities [5] - The company is aligning its strategic layout with national priorities, particularly in the field of biological manufacturing, which has been identified as a key future industry by the National Development and Reform Commission [6]

Core Viewpoint - The article emphasizes the significant role of agricultural modernization in China's overall modernization strategy, highlighting the importance of technological innovation and industry upgrades in the agricultural sector [1][3]. Group 1: Industry Context - The modernization of agriculture is deemed a critical shortcoming in China's modernization efforts, as stated by Han Wensiu, Deputy Director of the Central Financial Office [1]. - Traditional industries, including agriculture, account for approximately 80% of the value added in China's manufacturing sector, underscoring agriculture's foundational role in the national economy [3]. - Agriculture faces increasing constraints from natural resources and rising labor costs, alongside growing consumer demands for quality and safety [3]. Group 2: Company Practices - Dabeinong Group has integrated the national strategy of "strong agriculture for the country" into its core operations, focusing on technological self-reliance and innovation since its inception [4]. - The company achieved significant milestones in 2019, obtaining domestic biosafety certificates for its corn and soybean varieties and gaining planting permissions in South America, marking its entry into international markets [4]. - Dabeinong operates across six major sectors, including biotechnology and seed breeding, with a business structure comprising 50 subsidiaries, and its seed sales are projected to reach 53.526 million kilograms in 2024, covering over 40 million mu of farmland [4][6]. Group 3: Research and Development - Dabeinong employs a substantial R&D team of over 2,600 members, representing more than 16% of its workforce, with a planned R&D investment of 734 million yuan in 2024, accounting for 2.55% of its revenue [6]. - The company has received six national science and technology progress awards, including one special award, reflecting its commitment to sustained innovation [6]. - Dabeinong has established a systematic innovation strategy, including the "532" strategy and the "2+4+X" matrix, to enhance its research capabilities and foster collaboration with various research institutions [6][9]. Group 4: Future Outlook - The Ministry of Agriculture and Rural Affairs has outlined a clear path for future agricultural work, emphasizing the need for collaboration among government, enterprises, and research institutions to enhance agricultural production capacity and quality [12]. - Dabeinong aims to leverage a dual-engine strategy of "new quality + new intelligence" to drive modern agriculture towards high yield, quality, green, and low-carbon outcomes [13]. - The company is focused on globalizing its agricultural practices, particularly in breeding and manufacturing, aligning with national strategies for food security and sustainability [13][14].

Core Viewpoint - The recent 20th Central Committee meeting outlined a grand blueprint for the "14th Five-Year Plan" period, emphasizing the acceleration of agricultural modernization and the construction of an agricultural powerhouse, with Dabeinong (002385) committed to integrating "strong agriculture for the nation" into its core mission [1] Group 1: Company Development and Strategy - Dabeinong has embedded the goal of achieving high-level technological self-reliance into its corporate DNA, driven by a profound understanding of agricultural principles and a commitment to national agricultural development [2] - The company has developed new corn and soybean varieties that have received domestic biosafety certificates and international planting permissions, marking its entry into the global market [2] - Dabeinong operates across six major sectors, including biotechnology and seed breeding, with a business structure comprising 50 companies, and has established a presence in 26 provinces and 181 cities/counties in China [2] Group 2: Research and Innovation - Dabeinong has a research team of over 2,600 employees, accounting for more than 16% of its total workforce, and plans to invest 734 million yuan in R&D in 2024, representing 2.55% of its revenue [2] - The company has received six national science and technology progress awards, including one special award and one first-class award, highlighting its commitment to innovation [2] Group 3: Innovation Strategy - Dabeinong has adopted a platform-based and systematic approach to innovation, implementing a "532" strategy that allocates 50% of results to independent innovation, 30% to enterprise-science integration, and 20% to incubation [3] - The company collaborates with over 30 universities and 300 research institutions, positioning itself as a "super connector" to facilitate the flow of knowledge from academia to industry [4] Group 4: Future Vision and Goals - Dabeinong aims to achieve global leadership in agricultural technology by 2035, aligning its goals with national strategies and emphasizing the importance of collaboration among government, enterprises, and research institutions [6][7] - The company is focusing on key categories such as corn, soybeans, rice, and pigs, leveraging global genetic resources and biotechnological breeding techniques to develop high-yield and high-quality varieties [6] - Dabeinong's leadership in establishing a national key laboratory for green biological manufacturing reflects its commitment to supporting national food security and carbon neutrality strategies [6]