深圳诺普信作物科学股份有限公司投资者关系活动记录表 | ☐ | 特定对象调研 分析师会议 | ☐ | | --- | --- | --- | | ☐ 投资者关系活 | 媒体采访 业绩说明会 | | | 动类别 ☐ | 新闻发布会 路演活动 | ☐ | | ☐ | 现场参观 | 其他 | | 参与单位名称 | 民生证券、前海人寿、工银瑞信、摩根士丹利、天弘基金、同泰基 | | | | 金、诺安基金、泉果基金、上银基金、京管泰富基金、建信养老、 | | | | 金信基金、华宝基金、招商资管、华商基金、烽火投资、Point72、 | | | 及人员姓名 | 银华基金、国联基金、浙商资管、南方基金、华泰柏瑞、鸿道投资、 | | | | 中金公司、中邮基金、东北证券、中信证券、方正证券、中银基金、 | | | | 国寿养老、中加基金、PinPOINT、申万宏源、国泰海通、华夏基金、 | | | | 李优良、徐哲琪、江雷雷 | | | 时间 | 2025年11月26日 | 8:00-8:40 | | 地点 | 电话会议 | | | 上市公司接待 | 董事会秘书 莫谋钧先生 | | | 人员姓名 | | | | 投资者 ...

Core Viewpoint - The company showcased its advancements in blueberry business, focusing on cost control, production adjustments, brand building, and channel expansion, indicating a strong position for future growth in the blueberry industry [8] Cost Control - The company has achieved cost control with expenses remaining stable year-on-year during its expansion, implementing four key measures: improving organizational efficiency, optimizing technical solutions, enhancing budget management, and concentrating resources on high-return areas [3] Production Outlook - The new production season is expected to see a significant increase in output, particularly in the fourth and first quarters, due to the application of early promotion technology, which will alleviate supply pressure and align with peak sales periods [3] Pricing Stability - Blueberry prices have remained stable compared to the previous year, supported by precise market timing, high-quality product selection, and expanded direct supply and export channels [4] Channel Expansion - The company aims to increase the sales proportion from key account (KA) channels and has established deep collaborations with major KA clients, while also focusing on enhancing export volumes to Southeast Asia [5] Land Expansion - The company is steadily expanding its land scale in Yunnan and is progressing with its overseas base in Laos, which will replicate successful domestic operations and enhance supply chain efficiency [6] Competitive Landscape - Despite rapid growth in blueberry cultivation in Yunnan, domestic consumption is increasing even faster, allowing the company to maintain a strong competitive barrier through its scale advantages and operational capabilities [7] Strategic Partnerships - The company plans to deepen its collaboration with key clients like Sam's Club, expanding its national coverage and ensuring stable supply through dedicated customer service and specific farm allocations [7]

Core Viewpoint - The company reported a positive financial performance for the first half of 2025, with significant growth in both revenue and net profit [1] Financial Performance - The company achieved operating revenue of 3.679 billion yuan, representing a year-on-year increase of 8.2% [1] - The net profit attributable to the parent company was 648 million yuan, reflecting a year-on-year growth of 17.35% [1] - Basic earnings per share were reported at 0.66 yuan [1] Business Strategy - The company is actively developing its blueberry channel and brand, focusing on building brands such as "Aimei Zhuang" and "Midie Lan" [1] - There is a strong emphasis on expanding key account (KA) customer relationships [1] - The company has successfully launched its products on major online platforms including JD.com, OLE, and Hema [1]

Core Viewpoint - The company reported significant growth in its financial performance for 2024 and Q1 2025, with notable increases in revenue and net profit, driven by strong performance in fresh produce and pesticide formulation businesses [1][2]. Financial Performance - In 2024, the company achieved revenue of 5.29 billion yuan, a year-on-year increase of 28.4%, and a net profit of 580 million yuan, up 148.1% [1]. - For Q1 2025, revenue reached 2.1 billion yuan, reflecting a 15.0% year-on-year growth, with net profit at 630 million yuan, an increase of 38.0% [1]. Business Segments - The fresh produce segment saw a remarkable revenue increase of 251.28%, contributing to 40.5% of total revenue [2]. - The application of early harvesting technology improved gross margins in the planting business by 8 percentage points to 43.9% [2]. - The pesticide formulation business experienced over 30% revenue growth for major products like "Aifengshou" and "Maidongli," supported by a decline in raw material prices [2]. Operational Efficiency - The company expanded its key account (KA) customer base, with KA channel shipments exceeding 30% of total shipments [3]. - The expense ratios for sales, management, and finance in Q1 2025 were 7.7%, 5.9%, and 1.1%, respectively, showing a reduction compared to the previous year [3]. Future Outlook - The company anticipates an increase in blueberry planting area to over 35,000 acres, with a target yield of over 1.5 tons per acre, indicating continued growth in production [2]. - Revenue projections for 2025-2027 are estimated at 5.81 billion, 6.77 billion, and 7.31 billion yuan, with corresponding net profits of 829 million, 1.156 billion, and 1.33 billion yuan [3].