KINGKEY SMART AGRI(SZ:000048)2022-12-07 08:48Group 1: Company Strategy - The overall strategic framework of Kangdaar is "moderate diversification with relative industry focus" [2][3] - Agriculture is the main business focus, while financial services are seen as a future trend, leading to a focus on agricultural finance [2][3] Group 2: Historical Context - Kangdaar was once the largest poultry farming enterprise in China and a top feed company, missing the golden decade of the feed industry from 2002 to 2012 [3] - The company aims to undergo comprehensive information technology construction and industry transformation [3] Group 3: Management and Talent - The management team has recruited elite talents from various industries, particularly in agricultural finance [3][4] - The company emphasizes the importance of talent in establishing a robust institutional framework for financial services [4] Group 4: Financial Services Development - Kangdaar's agricultural finance initiative, "Fengshou Loan," aims to integrate internet technology into agricultural finance [3][4] - The company has identified four key advantages in its financial services: talent acquisition, securing valuable licenses, achieving scale, and ensuring profitability [4] Group 5: Business Model - The business model includes eight profitable models tailored to agricultural and rural finance, focusing on creating a closed-loop management system [4] - The company aims to leverage its extensive customer base while prioritizing customer quality [4] Group 6: Future Outlook - In 3-5 years, Kangdaar plans to enhance the integration of Fengshou Loan with agricultural finance, positioning itself uniquely in the internet finance landscape [4] - The future of internet finance is expected to be dominated by industry chain finance, with various types of companies emerging [4]