SZAP(SZ:000061)2025-11-18 05:20Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, operating 35 logistics park projects 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 transaction value exceeding CNY 250 billion [1] Business Operations - The company focuses on the entire agricultural product circulation chain, including standardized planting, cold chain processing, wholesale market construction, urban ingredient distribution, brand development, and import-export services [1][2] - It leverages a "national network" strategy to establish high-quality planting bases and guides production based on market demand, promoting standardized and digitalized planting [2] Financial Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 5.197 billion, a year-on-year increase of 36.11%, driven by business expansion and new product categories [4] - The net profit attributable to shareholders decreased due to competitive market strategies and a significant reduction in non-recurring gains compared to the previous year [5] Market Strategy - The company has developed a comprehensive service model for the agricultural product supply chain, offering one-stop services including wholesale trading venues, food safety testing, brand cultivation, and import-export facilitation [3] - Future plans include expanding the wholesale market layout, with ongoing projects in key areas such as Shanghai, Chengdu, and Guangzhou, while also upgrading older markets [5][6] Digital Transformation - The company is enhancing its digital operations through big data, IoT, and cloud computing, focusing on improving efficiency in wholesale markets and implementing various information management systems [6] - Initiatives include the launch of a price collection and release platform, providing merchants with price dynamics and trend analysis tools [6] Product Development - The company is actively expanding its "Deep Agricultural Selection" product matrix, ensuring quality through multiple rounds of testing and promoting products through events like "Fushi Market" [6] - Successful products include various high-quality items such as Sichuan Yaba Gan, Danzhou Beibei Pumpkin, and Cat Mountain King Durian Mooncake [6]