HUILONG(SZ:002556)2022-12-07 00:02Group 1: Investor Relations Activities - The company engaged in various investor relations activities including analyst meetings, media interviews, and performance briefings [1] - Participants included representatives from Tengyue Fund and the company’s board members [1] Group 2: Company Overview and Operations - The company has established over 60 distribution centers, primarily self-operated within the province and leased outside [2][3] - The company’s franchise stores must primarily sell its products, ensuring quality and compliance with company standards [3] Group 3: Sales and Financial Performance - Fertilizer products accounted for approximately 75% of total sales, while pesticide sales were around 1.24 billion RMB, representing about 13% [3] - The gross margin for fertilizer products is around 6%, while for pesticides it is approximately 9% [3] Group 4: Competitive Advantages - The company has established partnerships with over 100 large resource manufacturers, enhancing its product offerings [4] - A robust distribution network includes over 2,800 franchise stores and 60 distribution centers, covering 17 provinces for fertilizers and over 10 provinces for pesticides [4] Group 5: Industry Trends and Future Strategy - The agricultural input industry is undergoing consolidation, with a shift towards large enterprises with innovative models and technologies [4][5] - The company aims to become a leading modern agricultural service provider by focusing on service to agriculture, expanding its service chain, and leveraging capital markets [5]