FENGLE SEED(000713)2024-05-20 08:57Group 1: Company Overview and Strategic Direction - The company, Fengle Seed Industry, is now controlled by Guotou Seed Industry, which aims to enhance its strategic development in the seed industry [1] - Guotou Seed Industry plans to leverage Fengle Seed Industry to strengthen its position in the biological breeding industry and the upstream and downstream supply chain [1] - The goal is to create a comprehensive technology operation platform for the seed industry, integrating research, breeding, production, and sales [1] Group 2: Financial Performance and Growth - In 2023, the seed industry revenue reached 884.274 million yuan, an increase of 225.476 million yuan, representing a growth of 34.23%, marking a historical high for the company [2] - The corn seed sector accounts for 60% of the seed revenue, benefiting from the integration following the acquisition of Sichuan Tonglu in 2018 [2] - The company has maintained a stable performance in its fertilizer business since entering the market in 2017, with no losses reported [2] Group 3: Shareholder Relations and Future Plans - The company has no current plans for stock buybacks but aims to improve its market value through steady performance enhancement [2] - The company emphasizes cash dividends that align with its performance and development strategy, despite low historical dividend payouts [3] - There are no immediate plans for additional share issuance or stock incentive measures for executives and core personnel following Guotou's acquisition [2]