京基智农(000048) - 京基智农调研活动信息

Group 1: Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 9.928 billion CNY, a year-on-year increase of 354.2% [2] - The net profit attributable to shareholders reached 1.258 billion CNY, a year-on-year increase of 2795% [2] - Real estate business revenue was 7.11 billion CNY, with a net profit of 1.71 billion CNY; pig farming business revenue was 2.05 billion CNY, resulting in a loss of 430 million CNY [2] Group 2: Sales and Pricing - In September 2023, the company sold 172,700 pigs (including 19,600 piglets), generating sales revenue of 279 million CNY; the average selling price of commercial pigs was 16.04 CNY/kg [2] - From January to September 2023, the total sales of pigs reached 1.3528 million (including 204,400 piglets), with cumulative sales revenue of 2.043 billion CNY [2] Group 3: Third Quarter Insights - In Q3 2023, the company reported operating revenue of 1.326 billion CNY and a net profit of -26.74 million CNY; real estate revenue was approximately 180 million CNY with a net profit of about 54 million CNY, while pig farming revenue was around 820 million CNY with a loss of about 85 million CNY [3] - The operational cash inflow from the pig farming business was approximately 1.07 billion CNY, with cash outflow of about 960 million CNY, resulting in a net cash inflow of 110 million CNY; real estate cash inflow was about 3.1 billion CNY with cash outflow of 510 million CNY, leading to a net cash outflow of 200 million CNY [3] Group 4: Cost Management and Future Outlook - The average breeding cost target for 2023 is to remain below 14.4 CNY/kg by year-end; the cost target for the following year is set at 14.98 CNY/kg, with a focus on maintaining costs for self-breeding and controlling costs for contract breeding below 15.5 CNY/kg [3] - The company has established strict selection criteria for cooperative farmers, ensuring strong management and biosecurity levels; it also provides necessary veterinary and nutritional support [4]