HUILONG(SZ:002556)2023-08-24 10:07Group 1: Company Performance Highlights - In the first half of 2023, the company faced weak demand and price declines but managed to maintain steady progress in operations and project construction [1] - The company has optimized its existing distribution network and expanded service coverage through cooperation with county-level enterprises [1] - The "Five Good" agricultural comprehensive service model has been implemented, with 9 modern agricultural service centers in Anhui exploring stable profit models [2] - The company's agricultural medicine business achieved "double growth" in revenue and profit over eight years despite market challenges [2] - The brand value of the company reached 13.527 billion yuan in 2022, earning nominations for quality awards from the Anhui provincial government [1] Group 2: Advantages of Being a Supply and Marketing Cooperative - The company leverages the advantages of the supply and marketing cooperative system to enhance resource coordination and promote the construction of agricultural service platforms [2] - Modern circulation methods and information technology are used to upgrade traditional business networks, creating a comprehensive agricultural service platform [2] - The company actively participates in agricultural service projects within the cooperative system, establishing new models for land trusteeship and contract farming [2] Group 3: Profitability and Risk Management - The agricultural service centers implement the "Five Good" model, providing full-chain agricultural services and directly serving large-scale farmers [2] - The centers have broadened their product range and achieved integrated supply of seeds, fertilizers, and pesticides [2] - The company is committed to high-standard farmland construction, adhering to the "18 billion mu" arable land red line to ensure national food security [2] Group 4: Technological Advancements and Product Development - The company is developing a "Smart Agriculture Platform" utilizing drones, IoT, cloud computing, and big data to enhance production quality and reduce costs [3] - The production line for menthol has been optimized, resulting in higher purity and lower costs, with stable sales growth [3] - A project for the annual production of 2,000 tons of chlorantraniliprole has commenced, with steady progress [3] Group 5: Share Buyback Initiatives - Since 2022, the company has launched three phases of share buyback plans, repurchasing 19.05 million shares for 180 million yuan [3] - Future plans include an additional share buyback of 50 to 100 million yuan [3]