Tech-Bank(SZ:002124)2022-12-06 02:50Financial Performance - In 2016, the net profit attributable to shareholders was 373 million RMB, a year-on-year increase of 238.18% [1] - The operating revenue for 2016 was 5.58 billion RMB, representing a year-on-year growth of 35.1% [1] - For Q1 2017, the revenue was 540 million RMB, showing a year-on-year increase of 39.9% [2] - The net profit attributable to the parent company for Q1 2017 was 53 million RMB, a decline of 23.6% compared to the previous year [1] Aquaculture and Feed Business - The company has focused on high-end aquaculture feed, emphasizing "fully cooked, fragrant" products [2] - Recent acquisitions include the shrimp breeding business and partnerships to enhance the feed industry [2] - The company has established a comprehensive food industry chain from breeding to processing and consumption [2] Food Business Development - The acquisition of Agfeed Industries has strengthened the company's position in pig breeding and farming [3] - The company has developed a complete supply chain for fresh meat and meat products, ensuring quality and traceability [3] - The company plans to change its name to reflect its focus on food and eliminate regional limitations [4] Market Strategy and Challenges - The company is integrating resources across the supply chain to improve efficiency [4] - Due to seasonal fluctuations, pork prices have been declining, prompting the company to enhance internal controls and cost management [5] - Future strategies include refining production processes and extending the industry chain to mitigate risks associated with price volatility [5]