京基智农(000048) - 京基智农调研活动信息

Group 1: Financial Performance - In Q1 2024, the company achieved sales revenue of approximately 1.258 billion CNY, with a net profit attributable to shareholders of 54.13 million CNY [1] - The pig farming business generated revenue of 678.77 million CNY, accounting for about 54% of total revenue, but incurred a loss of 38.95 million CNY [1] - The real estate business reported revenue of 399.05 million CNY, contributing approximately 32% to total revenue, with a net profit of 108.81 million CNY [1] - Other businesses, including feed and poultry farming, generated revenues of 159.91 million CNY (13%) and 16.65 million CNY (1%), respectively [1] Group 2: Operational Metrics - As of the end of March 2024, the company sold 152,100 pigs in March alone, with a total sales revenue of 22.8 million CNY for that month [2] - Cumulative sales from January to March 2024 reached 460,400 pigs, generating a total revenue of 675 million CNY [2] - The average breeding cost for fattening pigs in March 2024 was 14.11 CNY/kg, with a total cost of approximately 15.36 CNY/kg [2] Group 3: Debt and Asset Management - As of Q1 2024, the company's debt-to-asset ratio was 66%, a decrease of 2 percentage points from the end of the previous year [2] - The company reported a reversal of biological asset impairment provisions of approximately 12.6 million CNY, with a remaining balance of about 12.53 million CNY [3] - Other payables at the end of Q1 2024 amounted to approximately 3.8 billion CNY, primarily related to accrued land value-added tax [3] Group 4: Market and Strategic Outlook - The company has developed comprehensive emergency plans and disease prevention mechanisms to mitigate the impact of extreme weather on pig farming operations [3] - The real estate market in Shenzhen has shown signs of recovery since March, prompting the company to adopt flexible pricing strategies to accelerate sales and improve cash flow [3]