ROYAL GROUP(002329)2024-05-13 11:47Financial Performance - Net profit increased by 460.11% in 2023, primarily due to the transfer of subsidiaries' equity [3][4] - Revenue from dairy and food products grew by 9.23% in Q1 2024 [4] - The company aims to achieve a revenue target of 10 billion yuan in the dairy sector [3] Strategic Initiatives - Focus on water buffalo milk as the core business, with continuous product upgrades [2][3] - Expansion of production capacity in key regions: Guangxi, Hunan, Guizhou, and Sichuan [3] - Plans to accelerate the construction of production bases in East China and Chengdu-Chongqing regions [3] Market and Sales - E-commerce revenue increased by 26.60% in 2023, driven by new retail models like short videos and live streaming [2] - Water buffalo milk products have gained market recognition and contribute significantly to revenue [2] - The company is exploring strategic partnerships and mergers to enhance market competitiveness [5] Operational Excellence - Implementation of the "National High-Quality Milk Project" across subsidiaries [5][6] - Establishment of a "High-Quality Milk Engineering R&D Center" with the National Dairy Technology Innovation Alliance [5][6] - Strict quality control measures in dairy farming and raw milk production [5] Investor Relations - The company adheres to regulatory requirements for cash dividends and profit distribution [3] - Commitment to improving operational quality and investor returns [3][4] International Projects - The water buffalo breeding project in Pakistan is listed as a key agricultural project under the China-Pakistan Economic Corridor [1] - The company's ranch in Punjab, Pakistan, is the only one globally authorized to export high-yield water buffalo embryos to China [1][2]