京基智农(000048) - 000048京基智农调研活动信息20250417

Financial Performance - In 2024, the company achieved a revenue of CNY 5.96 billion and a net profit of CNY 714 million [2] - As of the end of 2024, total assets amounted to CNY 10.95 billion, with net assets at CNY 4.29 billion [2] Pig Sales and Pricing - The average selling price of fattening pigs in March 2025 was CNY 15.34 per kg, with an average weight of 135 kg [2] - The total cost of raising fattening pigs in March 2025 was approximately CNY 13 per kg [3] - The cost of weaned piglets in March 2025 was CNY 302 per head [3] Dividend Distribution - The board approved a profit distribution plan for 2024, proposing a cash dividend of CNY 3.5 per 10 shares (including tax) [3] Production Capacity and Expansion - The company has established four major pig farming bases in Guangdong and Guangxi, with a total annual production capacity exceeding 2.2 million pigs [8] - Future fundraising will support integrated pig farming projects and breeding base projects [8] Research and Development - In 2024, the company invested CNY 52.11 million in R&D, a year-on-year increase of 20.89% [3] - The company holds 32 utility model patents, 9 software copyrights, and 2 invention patents as of the end of 2024 [7] Biosecurity Measures - The company employs a comprehensive biosecurity management system, including a "red-orange-yellow-green" classification for disease control [4] - A dedicated team for African swine fever prevention and control has been established [11] Market Strategy - The company focuses on the Guangdong-Hong Kong-Macao Greater Bay Area for pig product sales, with potential expansion to other regions based on market conditions [3] - The company plans to enhance its core competitiveness and market influence through refined management practices [6] Financial Health - As of the end of 2024, the company's cash and cash equivalents were CNY 874 million, showing a slight decrease from the previous year due to dividend payments and share buybacks [13] - The company's debt structure primarily consists of non-interest-bearing liabilities, indicating no immediate repayment pressure [13]