ZJR(SZ:002021)2022-12-07 08:31Group 1: Company Strategy and Market Entry - The company is transitioning from its main business of industrial sewing machines to organic agriculture due to declining profitability in its current sector [1][3] - The acquisition of Jiangxi Jinyuan (95.83% stake) and Heilongjiang Xingbang (60.00% stake) aims to quickly enter the organic agricultural sector and pulp manufacturing industry [2][3] - The organic agricultural market in China is vast, driven by a large population and increasing consumer demand for safe and healthy food [3][4] Group 2: Product and Business Model - Jiangxi Jinyuan's main products include organic frozen strawberries, vegetables, and rice, which constitute a significant portion of its sales [4][5] - The business model involves a "company-base-farmer" approach, ensuring compliance with organic standards through partnerships with local farmers [4][5] - Sales are primarily order-based, with contracts established at the beginning of the year to secure supply and pricing [5][6] Group 3: Industry Trends and Future Outlook - The demand for paper and paperboard in China has been growing, with production increasing at an average annual rate of 7.20% from 2005 to 2014 [6] - The domestic market for wood products is expected to grow due to the increasing demand in construction and packaging industries [6] - The company plans to leverage internet technology to modernize agriculture and enhance its service offerings [7] Group 4: Talent Acquisition and Stock Issuance - The company will secure talent through acquisitions, external hiring, and incentive mechanisms to support its new business ventures [7] - A non-public stock issuance is in progress, with plans to submit the application to the China Securities Regulatory Commission following shareholder approval [7][8]