广农糖业(000911) - 南宁糖业调研活动信息

Group 1: Production and Sales Data - In 2022, the company's sugar production was 405,900 tons, while sales volume reached 335,900 tons [2] - The sugar production in the 22/23 season was affected by weather conditions, leading to a decrease in white sugar production [3] - The company expects a certain increase in sugarcane production for the new season compared to the previous season, which experienced a 10%-20% reduction due to adverse weather [4] Group 2: Pricing and Cost Factors - The current raw sugarcane purchase price has not increased, following historical trends [2] - Sugar companies determine the sugarcane purchase price based on variety, with high-sugar varieties priced 20-30 CNY/ton above the base price, and low-sugar varieties priced 30-60 CNY/ton below the base price [3] - The company's sugar production cost is considered medium to high in the Guangxi region, primarily due to significant debt pressure and high financial costs [4] Group 3: Market Demand and Customer Behavior - There is a strong purchasing willingness from downstream customers, with expectations for a favorable outlook on white sugar prices [3] - Compared to the same period last year, downstream customer inventory levels are relatively low [3] Group 4: Quota and Regulatory Aspects - The company received a sugar quota of approximately 10,000 tons last year, maintaining this level annually [4]