Gifore(300022)2025-04-28 09:26Financial Performance - In 2024, the company achieved a revenue of 2.71 billion CNY and a net profit attributable to shareholders of -31 million CNY [1] - The agricultural machinery industry faced a decline in subsidy consumption for the second consecutive year, with domestic sales dropping over 10% year-on-year [4] Industry Trends - The agricultural machinery sector is undergoing a transformation towards high-end, intelligent, and green equipment, driven by national policies supporting modernization [3][4] - The implementation of the agricultural machinery scrapping and updating subsidy policy is expected to stimulate market demand [4] Future Growth Drivers - The company aims to establish deep partnerships with technology-driven firms to enter high-end agricultural machinery sectors, including agricultural robotics [1][2] - Continued emphasis on lean management and the implementation of a partner system to enhance operational efficiency [1][2] - The integration of agricultural machinery with innovative service chains is anticipated to drive performance growth [2] Market Challenges - The agricultural machinery industry is experiencing intensified competition due to low domestic grain prices and a saturated market, leading to aggressive pricing strategies [4] - The demand for machinery purchases and upgrades has weakened due to reduced planting profits for farmers [4] Development Outlook - The shift towards intelligent and comprehensive agricultural practices is expected to create a robust demand for smart machinery, such as navigation planting machines and unmanned protection machines [5][6] - The aging rural population is likely to increase the demand for socialized agricultural services, promoting a transition from equipment sales to service ecosystems [6]