SZAP(SZ:000061)2025-12-18 11:36Group 1: 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 [1] - The company has an average annual trading volume of over 33 million tons and an average annual transaction value exceeding 250 billion RMB in its wholesale markets over the past three years [1] - Business scope includes standardized agricultural base planting, cold chain processing, wholesale market operation, urban ingredient distribution, brand development, and import-export trade [1] Group 2: Strategic Focus and Goals - The company aims to be a modern resource provider and service provider for the entire agricultural product circulation chain, with a mission to "dedicate to a better life" [2] - It is focused on building a comprehensive service capability across the entire chain from production to consumption, targeting the "digital vegetable basket" strategy for efficient collaboration and value reconstruction [2] Group 3: Revenue Sources and Market Operations - Main revenue sources for the wholesale markets include rent, commissions, management fees, and parking fees, with pricing based on market conditions and local economic factors [2] - The development cycle for agricultural wholesale markets typically spans 1-3 years for construction and 3-5 years for cultivation, depending on project complexity [2] Group 4: Product Development and Distribution - The company has successfully cultivated over 90 premium products, including Sichuan pomelo and Danzhou sweet potato, enhancing its brand image through quality control and promotional activities [3] - It has established 21 subsidiaries for ingredient distribution in major cities, covering hospitals, schools, and large enterprises, creating a nationwide network centered in Shenzhen [3] Group 5: Digital Transformation and Efficiency - The company is enhancing its digital operations through big data, IoT, and cloud computing, aiming for standardized and regulated agricultural product circulation [4] - Initiatives include upgrading management systems and promoting a unified payment system to improve transaction efficiency and financial security in wholesale markets [4] Group 6: Dividend Policy - The company emphasizes a stable and continuous profit distribution policy, considering industry characteristics, development stages, and shareholder returns to protect long-term interests [4]