苏垦农发(601952) - 苏垦农发关于接待机构调研情况的公告

Group 1: Financial Performance - In 2023, the company achieved operating revenue of CNY 12.168 billion, a year-on-year decrease of 4.39% [3] - The net profit attributable to shareholders was CNY 816 million, down 1.2% year-on-year [3] - As of the end of 2023, total assets amounted to CNY 14.426 billion, a decrease of 1.15% year-on-year, while net assets increased by 6.47% to CNY 6.630 billion [3] - In Q1 2024, operating revenue was CNY 2.336 billion, a decline of 4.77% year-on-year, but net profit rose by 8.55% to CNY 129 million [3] - Total assets as of Q1 2024 were CNY 14.291 billion, down 0.94% year-on-year, with net assets increasing by 1.95% to CNY 6.759 billion [3] Group 2: Agricultural Production and Technology - The company anticipates stable wheat growth but is uncertain if it can match last year's record yields [4] - The planting area for corn and soybeans is expected to remain consistent with the previous year, with the remaining area primarily allocated for rice cultivation [4] - Future yield improvements will focus on optimizing seed varieties, advancing agricultural technology, and enhancing machinery [5] - The company achieved a record grain production of 2.737 billion jin in 2023 [5] Group 3: Government Policies and Subsidies - The company responds positively to national policies aimed at increasing grain production capacity, but expansion plans will depend on market demand and production capabilities [5] - Recent government subsidies have increased due to special projects, including one-time subsidies for grain farmers due to high agricultural input prices [5] Group 4: Future Plans and Goals - The company aims for a revenue target of CNY 14 billion and a total profit of CNY 950 million in 2024, emphasizing that these are not profit forecasts or commitments [7] - Key strategies to achieve these goals include enhancing grain production, improving seed quality, expanding rice processing capabilities, and increasing sales of edible oils and malt [7][8] - The company will also focus on building a comprehensive agricultural service system to enhance competitiveness and profitability [8]