Long Ping High-Tech(SZ:000998)2024-09-18 01:31Group 1: Rice Business Development - The company has enhanced its rice breeding efficiency by 52.58% through the elimination of lower-yielding varieties in hybrid rice breeding [2] - New breakthroughs have been achieved in breeding high-quality rice varieties, including early-maturing and disease-resistant types, with several varieties recognized as leading agricultural varieties for 2024 [2] - The company has successfully completed its promotional tasks for the low-cadmium rice variety in 2023, exceeding annual promotion plans [2] Group 2: Talent Management and Operational Strategy - The marketing team at Lianchuang Seed has grown from over 30 to more than 200 members, with a clear promotion path and compensation system to ensure career growth within 2-3 years [2] - The company employs a dual strategy of "conventional breeding + biological breeding" to optimize product development and maintain market relevance [2] - Active market strategies are implemented to quickly promote new varieties and adjust based on market feedback, transitioning from product sales to service-oriented solutions [2] Group 3: Corn Product Strategy - The company has established a clear product strategy with a leading variety, an auxiliary variety, and a backup variety, with the leading varieties occupying significant market positions [3] - In the Northeast region, the company aims for at least a 20% annual growth target, leveraging the area's potential through a dual promotion strategy of brand and variety [3] - The company is actively managing inventory pressures in the corn industry, with storage capabilities of 6-7 years under normal conditions and 7-8 years in cold storage [4] Group 4: Transgenic Corn Development - The company has a competitive edge in the commercialization of transgenic corn, with high stability and market demand for its varieties [5] - Transgenic corn prices are expected to rise compared to conventional seeds, but the company will not engage in price wars unless necessary [5] - The company is exploring partnerships to introduce domestic trait technologies to reduce costs in Brazil, while also expanding into the African market [5][6] Group 5: Management and Control in Brazil - The company implements vertical management in Brazil, enhancing control through appointed management and financial personnel [6] - Cost reduction strategies include replacing high-cost local loans with domestic bank loans and accelerating inventory turnover to repay high-interest loans [6] - The company respects local conditions and is committed to overcoming challenges in Brazil, aiming for improved performance and growth through effective management [6]