Agricultural products (000061) issued a notice on December 1, 2021, saying: we will investigate our company on November 30, 2021.
The main contents of this survey are as follows:Q: the strategic positioning of the company
A: Shennong Group takes "building the whole industry chain company of modern agricultural product circulation" as its strategic orientation. Through deeply ploughing the main business of the market, the company will speed up the transformation and upgrading of agricultural market; speed up the construction of wisdom and build a "Shennong +" brand system; deepen comprehensive reform to further stimulate the vitality of enterprise management.
Q: does the company have its own prepared food business?
Answer: the company's main business is the development, construction, operation and management of agricultural products wholesale market, the scope of business involves agricultural products circulation, agricultural products supply chain services, agricultural products e-commerce and so on. At present, the company's Shenzhen, Chengdu and other markets to carry out fresh food distribution business, does not involve prefabricated food business.
Q: the income of Shenzhen Haiji Star International Agricultural products Logistics Park grew rapidly in 2019, 2020 and the first half of 2021, and the net profit increased only in single digits.
Answer: Shenzhen Haiji Star International Agricultural products Logistics Park has increased the sales business of consumer-assisted commodities on the basis of the operation of the wholesale market of agricultural products, so its income has increased greatly compared with the same period last year. However, the gross profit margin of consumer-assisted commodity sales business is relatively lower than that of wholesale market business. Shenzhen Haiji Star International Agricultural products Logistics Park is in good condition. Since 2020, in order to deal with the impact of COVID-19 epidemic, the investment in epidemic prevention has increased. At the same time, the rent reduction and fee reduction implemented in 2020 has had a certain impact on market profits.
Q: the planting business of Fruit and vegetable Company
A: Yunnan Tianlu Company, a subsidiary of the company's wholly-owned subsidiary, Yunnan Tianlu Company, and Tian Di Company are involved in the business of growing, processing and storing vegetables. At present, Yunnan Tianlu Company is engaged in the operation and management of vegetable planting base and producing area wholesale market in Honghe Prefecture, while Tiandi Company is engaged in vegetable production base operation management, vegetable production and sales business in Shenzhen and Heyuan.
Q: the measures that the company plans to take to subsidiaries with low contribution to losses and profits
Answer: in view of the company's low profit contribution and loss-making enterprises, on the one hand, improve the operating ability of enterprises and gradually reduce losses and reverse losses; on the other hand, for some enterprises with losses caused by changes in investment conditions and other reasons, the company will withdraw in an orderly manner through equity transfer, liquidation and cancellation.
Q: progress in the implementation of the company's incentive program
A: the "incentive and restraint Plan for Corporate compensation" approved by the general meeting of shareholders of the company is being implemented, in which incentive conditions have been reached in 2019 and 2020, of which the incentive distribution in 2019 has been implemented; the incentive distribution work in 2020 is under way.
Q: the progress of the Guangming Project and Pinghu Haiji Star West Project
A: at present, the Guangming Haiji Star Logistics Park project and the Shenzhen Haiji Star International Agricultural products Logistics Park West Project are still under construction.
Q: the progress of the first 3% equity transfer project of China Rural Network
A: as of August 27, 2021, the company has received the full transaction price and capital occupation cost of 3% equity transfer in China Rural Network. The company will cooperate with the transfer of 3% equity in Zhongnong Network.
Q: stock price and market capitalization management
A: the company has been focusing on the development of the core business of the whole industrial chain of agricultural products circulation, expanding the width of business around the upstream and downstream of agricultural products circulation, and doing the business of agricultural products wholesale market and industrial chain of Shenzhen Company. The company continues to strengthen corporate governance and information disclosure, standardize operation, prevent and control risks. The company implements a stable cash dividend policy for investors to enable all shareholders to share the results of the company's growth and operation, and strive to protect the interests of investors, especially medium and small investors. The company strengthens the communication with investors through various ways and channels such as interactive platform, investor special line telephone, performance presentation, etc., and actively conveys the company's values to the market, so as to facilitate investors to understand all aspects of the company.
Main business of agricultural products: development, construction, operation and management of wholesale markets for agricultural products, operation and management of market rental and sale business, provision of market trading services, wholesale, chain operation and import and export business of agricultural products and aquatic products, etc.
The third quarterly report of agricultural products 2021 showed that the company's main income was 3.099 billion yuan, up 33.34% from the same period last year; the net profit was 292 million yuan, up 6.41% from the same period last year; and deducting 244 million yuan from non-net profit, up 58.5% from the same period last year. In the third quarter of 2021, the company's main income in a single quarter was 1.039 billion yuan, up 24.53% from the same period last year; net profit in a single quarter was 74.118 million yuan, down 12.0% from the same period last year The non-net profit in a single quarter was 51.4219 million yuan, down 26.69% from the same period last year; the debt ratio was 63.9%, the investment income was 63.7338 million yuan, the financial expenses were 161 million yuan, and the gross profit margin was 34.31%.
The stock has no agency rating in the last 90 days. In the past three months, the net inflow of financing was 46.2551 million, and the financing balance increased; the net outflow of securities loans was 3.2632 million, and the balance of securities loans decreased. The Securities Star valuation analysis tool shows that the agricultural products (000061) good company has a rating of 2 stars, a good price rating of 2 stars, and a comprehensive valuation rating of 2 stars. (rating range: 1-5 stars, up to 5 stars)