Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, operating 35 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 trading value exceeding 250 billion yuan [1] Business Operations - The company covers the entire agricultural product supply chain, including standardized base planting, cold chain processing, wholesale market construction, urban ingredient distribution, brand development, and import-export trade [2] - The company leverages its "national network" advantage to establish quality planting bases and enhance market competitiveness through integrated operations [2] Financial Performance - In the first half of the year, the company achieved a revenue of 3.491 billion yuan, a year-on-year increase of 44.98%, driven by growth in import-export, ingredient distribution, and single product trade [4] Service Capabilities - The company provides a comprehensive range of services across the agricultural product supply chain, including certification, cold chain processing, wholesale trading, food safety testing, brand cultivation, and import-export services [5] - The company has developed a digital payment system, with a total transaction amount exceeding 22.5 billion yuan in the first half of the year [7] Market Dynamics - The development of online retail does not significantly impact the company's core business, as physical wholesale markets remain essential for ensuring urban food security, especially during emergencies [6] - The company has successfully expanded its import-export business, establishing partnerships with countries like Thailand, Vietnam, and Brazil, and introducing various high-quality products [8][9] Brand Development - The company actively promotes its "Deep Agricultural Selection" brand by ensuring product quality through multiple testing standards and participating in promotional activities [9] - It has successfully cultivated several premium products, including Sichuan Yaba Gan, Danzhou Beibei Pumpkin, and others [9] Employee Engagement - The company's employee stock ownership plan for 2024 was completed through a competitive bidding process, reflecting confidence in the company's development and enhancing employee motivation [9]

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, with over 35 logistics park projects in more than 20 major cities across China [1] - The company has an annual trading volume exceeding 33 million tons and an average annual trading value of over 250 billion yuan in the past three years [1] Business Operations - The company covers the entire agricultural product supply chain, including standardized base planting, cold chain processing, wholesale market construction, urban ingredient distribution, brand development, and import-export trade [2] - The company aims to create a modern agricultural product circulation ecosystem, focusing on efficient collaboration and value reconstruction across the entire supply chain [2] Financial Performance - In the first half of 2025, the company achieved a revenue of 3.491 billion yuan, a year-on-year increase of 44.98%, and a net profit attributable to shareholders of 156 million yuan, up 10.50% [3] - The net profit attributable to shareholders was 190 million yuan, a decrease of 11.07% due to the absence of a one-time gain from a previous year [3] Business Expansion - The rapid growth of the company's full supply chain business is attributed to increased volumes in import-export, ingredient distribution, and single product trade [4] - Tianjin Haijixing achieved a revenue of 232 million yuan in the first half of 2025, with a net profit of 9.22 million yuan, marking a 49.43% increase [5] Market Integration - The company leverages its nationwide network to enhance collaboration among its markets, facilitating trade connections and expanding business coverage [6] - Examples include partnerships between various regional markets to promote local agricultural products and streamline supply chains [6] Import-Export Business - The company has strengthened partnerships with core clients in Thailand, Vietnam, and Brazil, leading to stable growth in key product categories [8] - It is also developing a regulatory service platform for agricultural product exports and exploring new models for supplying products to Hong Kong [8] Urban Ingredient Distribution - The company has expanded its ingredient distribution business, establishing 21 branches in major cities and covering over 30 provinces [8] - It has received AAA certification for agricultural product quality safety management [8] Dividend Policy - The company plans to distribute a cash dividend of 0.70 yuan per 10 shares for the 2024 fiscal year, totaling approximately 118.79 million yuan, which represents 30.92% of the net profit attributable to shareholders [8]

Group 1: Company Overview - The company was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, with a network of 35 logistics projects across over 20 major cities in China [1] - The average annual trading volume of the company's wholesale markets exceeds 33 million tons, with an average annual trading value exceeding 250 billion yuan [1] Group 2: Strategic Development - The company aims to enhance its service capabilities across the entire agricultural supply chain, focusing on merchant needs and operational efficiency [2] - New strategic hubs are being established in Chengdu, Shanghai, and Guangdong to strengthen agricultural circulation [2] Group 3: Business Operations - The company provides a one-stop service for the agricultural supply chain, including wholesale trading venues, food safety testing, and brand cultivation [3] - Inter-market collaboration is emphasized to expand supply channels and business coverage [4] Group 4: Base Construction - The company has established partnerships with approximately 400,000 acres of agricultural bases across multiple provinces, promoting integrated development of agriculture [5] Group 5: Import and Export Expansion - The company has successfully introduced various international products, including frozen squid from Indonesia and Malaysia, and is enhancing its import-export service capabilities [6] Group 6: Urban Food Distribution - The company has established 21 branches in major cities for food distribution, creating a nationwide network centered in Shenzhen [7] Group 7: Digital and Standardization Initiatives - The company is advancing its digital operations through the "Digital Vegetable Basket" initiative and has implemented a payment system covering 20 wholesale markets [8] - A traceability system for the agricultural supply chain is being developed to ensure food safety [8] Group 8: Brand Development - The company is expanding its "Deep Farm Selection" product matrix, focusing on high-quality specialty products to enhance brand influence [8] Group 9: Dividend Distribution - The company plans to distribute a cash dividend of 0.70 yuan per 10 shares, totaling approximately 118.79 million yuan, which accounts for 30.92% of the net profit attributable to shareholders [8]

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, with investments in 35 physical agricultural product logistics park projects across over 21 major cities in China [1] - The company has an extensive wholesale market network, with an average annual trading volume exceeding 33 million tons and an average annual trading value exceeding 250 billion yuan over the past three years [1] Strategic Development - In 2024, the company aims to enhance its service capabilities across the entire industry chain, focusing on merchant needs and leveraging its "14th Five-Year Plan" strategy [1] - New strategic hubs are being established in Chengdu, Shanghai, and Guangdong to strengthen agricultural product circulation [2] - The company is developing standardized, digitalized, and order-based planting bases under the "Deep Farm" initiative [2] Brand Development - The "Deep Farm Selection" brand is expanding its product matrix, introducing new quality products such as Danzhou baby pumpkin and Danzhou sweet potato, while planning to cultivate premium items like Xinjiang plums and Yunnan blueberries [3] - The brand's image is being enhanced through rigorous quality control and product selection, increasing its market influence [3] Import and Export Business - The company is actively expanding its import and export operations, successfully introducing various products from countries like Indonesia, Malaysia, and Thailand [4] - It is enhancing its service capabilities in this area, with a focus on pre-regulatory services and facilitating quick customs clearance for small goods through the 1039 trade service platform [4] Urban Food Distribution - The company operates a food distribution business through its "Deep Farm Kitchen," with 21 branches established in major cities such as Beijing, Shanghai, and Chengdu, creating a nationwide distribution network [6] - The business model emphasizes market-oriented operations and efficient supply chain management [6] Comprehensive Industry Chain - The company integrates resources across the agricultural product circulation industry, providing a one-stop service that includes wholesale trading venues, food safety testing, brand cultivation, and import/export services [6] - This approach aims to empower partner merchants and create a new development pattern that links domestic and international resources [6]

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, investing in 35 physical agricultural product logistics park projects across over 20 major cities in China, forming the largest agricultural wholesale market network in the country [1] - The average annual trading volume of the company's agricultural wholesale markets exceeds 33 million tons, with an average annual trading value exceeding 250 billion yuan [1] Strategic Planning - In 2024, the company aims to enhance its service capabilities across the entire industry chain, focusing on merchant needs and expanding its market presence in strategic hubs such as Chengdu, Shanghai, and Guangdong [2] - The company is committed to developing standardized, digitalized, and order-based planting bases through its "Deep Farm" initiative, while also exploring import and export business opportunities [2] Market Layout - The company has established a broad coverage of key distribution hubs in South, North, East, Central, and Southwest China through its 35 logistics parks [3] - Some existing markets will undergo relocation or transformation, while new projects will be developed in phases to expand product variety and enhance operations [3] Financial Performance - Tianjin Haijixing achieved a revenue of 347 million yuan in 2024, with a net profit of 9.64 million yuan, marking a year-on-year increase of 2195.24% [4] Revenue Structure - The revenue structure of the agricultural wholesale markets includes rent, management fees, commissions, and parking fees, with pricing based on market conditions and local economic factors [5] - The company is focused on improving transaction efficiency in the agricultural distribution sector by accelerating project development and optimizing market layouts [5] Base Operations - The company has established partnerships covering approximately 400,000 acres across various provinces, promoting the integration of agriculture and rural development [6] Import and Export Business - The company has successfully introduced various international products and is enhancing its import and export service capabilities through a pre-regulatory service platform [7][8] Urban Food Distribution - The company has established 21 branches for food distribution in major cities, creating a nationwide network centered around Shenzhen [8] Stock Issuance - The company’s stock issuance to specific investors has been accepted by the Shenzhen Stock Exchange and is pending further regulatory approvals [8]

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. 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 [1] - The average annual trading volume of the company's wholesale markets exceeds 33 million tons, with an average annual trading value exceeding 250 billion yuan [1] Strategic Development - The company aims to enhance its service capabilities across the entire industry chain, focusing on merchant needs and expanding its market network [2] - New strategic hubs are being established in Chengdu, Shanghai, and Guangdong to strengthen agricultural product circulation [2] Project Progress - The company is actively advancing several projects: - The Southwest Haijixing Smart Industrial Park in Chengdu has secured 553.23 acres of land and is under construction [3] - The Shanghai Haijixing project has acquired 437.99 acres and is in the design phase [3] - The Guangdong-Hong Kong-Macao Greater Bay Area Import and Export Center is in the preparatory stage [3] Market Layout - The company has established a significant presence in major cities, creating a comprehensive wholesale market network across various regions [4] - Plans for future expansions include developing additional phases for existing projects and upgrading older markets [5] Financial Performance - Tianjin Haijixing achieved a revenue of 347 million yuan in 2024, with a net profit of 9.64 million yuan, marking a year-on-year increase of 2195.24% [6] Full Industry Chain Services - The company integrates resources across the agricultural product supply chain, offering a one-stop service that includes wholesale trading, food safety testing, and brand development [7] Stock Issuance - The company has submitted a stock issuance plan to the Shenzhen Stock Exchange, pending approval from regulatory authorities [8] Dividend Policy - A proposed cash dividend of 0.70 yuan per 10 shares is planned for 2024, totaling approximately 118.79 million yuan, which represents 30.92% of the net profit [9] Digital Transformation - The company is enhancing its digital operations through big data and IoT, with the "Deep Agricultural Payment System" already covering 20 wholesale markets and facilitating significant transaction volume [10]