京基智农2024年度业绩说明会问答实录

Core Viewpoint - The company reported a strong performance in 2024, achieving a revenue of 5.96 billion yuan and a net profit of 714 million yuan, while also focusing on technological advancements and market expansion in the pig farming industry [2][16]. Financial Performance - In 2024, the company achieved an operating income of 5.96 billion yuan and a net profit attributable to shareholders of 714 million yuan [2][16]. - As of the end of 2024, total assets amounted to 10.95 billion yuan, with net assets at 4.29 billion yuan [2]. - The company plans to distribute a cash dividend of 3.5 yuan per 10 shares for the 2024 fiscal year [25]. Operational Insights - The average selling price of fattening pigs in March 2025 was 15.34 yuan/kg, with an average weight of 135 kg [1]. - The company has established four major pig farming bases with a cumulative annual production capacity exceeding 2.2 million pigs [12]. - The company’s Wenchang pig farming project sold 252,200 pigs in 2024, with an average selling price of 18.22 yuan/kg and a PSY (Pigs per Sow per Year) of approximately 25 [12][18]. Technological Advancements - The company employs eight modern and intelligent farming management systems, including automated feeding, drinking, and waste management systems, which enhance efficiency and reduce costs [1]. - The company has obtained 32 utility model patents, 9 software copyrights, and 2 invention patents as of the end of 2024, indicating a strong focus on research and development [3][30]. Strategic Initiatives - The company has established two new subsidiaries aimed at diversifying its business into digital cultural and creative sectors [2]. - The company is actively pursuing a private placement of A-shares to fund integrated pig farming projects and breeding bases [4][5]. - The company is committed to enhancing its market presence and investor relations through share buybacks and dividend distributions [6][10][18]. Risk Management - The company has implemented a comprehensive biosecurity system to mitigate risks associated with pig diseases, including the establishment of a dedicated prevention and control leadership group [21][28]. - The company is focused on optimizing feed formulations and enhancing procurement strategies to manage fluctuations in feed raw material prices [11].