WINALL(SZ:300087)2022-12-06 05:28Group 1: Financial Performance - In 2016, the company achieved a revenue of 757 million CNY, representing a year-on-year growth of 24.66% [3] - The net profit for 2016 was 52.57 million CNY, an increase of 22.63% compared to the previous year [3] - The net profit attributable to shareholders was 30.68 million CNY, showing a significant growth of 38.58% [3] Group 2: Business Structure Changes - The company's main business structure has evolved; initially, hybrid rice seed sales accounted for over 90% of revenue, but now includes corn and wheat seed businesses [3] - The product range has diversified, with new hybrid rice varieties and nine new corn varieties developed and launched in 2016 [3][4] Group 3: International Business Development - The company emphasizes simultaneous domestic and international development, with a focus on rice seed exports and overseas agricultural technology projects [4] - The subsidiary, Qianyin Technology, is responsible for enhancing international business efforts [4] Group 4: Seed Sales and Market Performance - In 2016, the total sales volume of rice seeds reached 1,523.20 million kg, primarily driven by new variety sales [5] - The company’s corn seed revenue grew by approximately 74% in 2016, despite market challenges [6] Group 5: Research and Development - The company is actively engaged in transgenic corn research, collaborating with institutions like Zhejiang University [6] - The focus on new technology research aims to enhance the company's competitive edge in the seed industry [6] Group 6: Future Strategies - The company plans to continue its strategy of "core seed industry and extended agricultural services," aiming to innovate and integrate within the agricultural sector [7] - Future product developments include new rice and corn varieties currently undergoing approval processes [8]