Luoniushan (SZ:000735)2025-05-13 10:12Group 1: Financial Performance - In 2024, the company achieved a revenue of 3.332 billion yuan, a year-on-year decrease of 21.44% [2] - The net profit attributable to shareholders was 242 million yuan, a year-on-year increase of 149.58% [2] - The company has consistently focused on cash dividends to improve shareholder returns over the past three years [1] Group 2: Operational Strategy - The company is optimizing some pig farms while planning new constructions, with all capacity adjustments based on strict cost-benefit analysis [1] - The decrease in pig output is attributed to the closure of inefficient farms, which is part of the strategy to enhance management efficiency and production quality [2] - The company has implemented measures to control breeding costs, including optimizing production management and improving breeding efficiency [2] Group 3: Market and Investment Concerns - The company acknowledges the current low stock price and dividend yield, emphasizing compliance and steady development to enhance intrinsic value [2] - The company is exploring other projects in line with the Hainan Free Trade Port policies to provide returns to investors, especially in light of the stagnation of the horse racing project [2] - As of May 10, 2025, the total number of shareholders was approximately 99,300 [2] Group 4: Asset Management - The Yangpu flour mill has faced operational challenges due to high logistics costs and has been strategically suspended to focus on core profitable businesses [3] - The company is considering asset disposal or transformation plans for the flour mill based on market conditions [3] - The company has not planned any developments related to the horse racing project and has no current arrangements for it [4]