HUILONG(002556) 中证网·2025-04-17 13:22Core Viewpoint - The company, HuiLong Co., Ltd., reported a decline in revenue but a significant increase in net profit, showcasing resilience through its integrated "industry-trade-service" strategy [1] Group 1: Financial Performance - In 2024, the company achieved an operating income of 15.652 billion yuan, a year-on-year decrease of 12.23% [1] - The net profit attributable to shareholders reached 169 million yuan, marking a substantial year-on-year increase of 120.71% [1] Group 2: Business Strategy and Market Position - HuiLong Co., Ltd. is deeply integrated into the national rural revitalization strategy, focusing on serving agriculture and ensuring food security [2] - The company has expanded its distribution network, establishing 79 distribution centers and 4,235 franchise stores across 20 major agricultural provinces and regions [2] - The "distribution center + franchise store" model has been upgraded to enhance market influence and mitigate risks from market fluctuations [2] Group 3: Product Development and Innovation - The company has developed six major fertilizer and pesticide production bases and launched its own brands, achieving an annual production and sales capacity of over one million tons for compound fertilizers [3] - HuiLong Co., Ltd. has implemented a comprehensive agricultural service model, providing a full industry chain service to farmers, which has led to profitability in all 11 agricultural service centers [3] Group 4: Technological Advancement - The company has increased its R&D investment to 1.3 million yuan in 2024, a year-on-year growth of 10.38% [4] - It has developed an agricultural comprehensive service management platform that integrates various digital tools for precision agriculture, significantly improving production efficiency [4] Group 5: Strategic Expansion - The company has entered the fine chemical and flavor industry through the acquisition of Haihua Technology, breaking a long-standing foreign technology monopoly [5] - The expansion project for mint alcohol production is set to increase capacity from 3,000 tons to 5,000 tons per year, enhancing market competitiveness [5] - HuiLong Co., Ltd. aims to strengthen its core technology and optimize production processes to maintain its leading position in the industry [5]