May 13, Guanghong Holdings (Stock Code)Qbertgame: 000529) held a performance presentation meeting after the 2023 annual report, at which the company had an in-depth exchange with investors on its recent business situation, production status and future development plans, and revealed a series of positive signals. it shows the strong strength and good development prospects of the company.
In fact, since the divestiture of the book business, Guanghong Holdings focused on the main food industry, "food + agriculture and animal husbandry" two-wheel drive company development, business continues to improve, institutional attention continues to increase. Since the release of the 2023 annual report, the company has held more than 10 online and offline exchanges, including China International Capital Corporation, CITIC Securities, CITIC Construction Securities, Guoxin Securities, Guohai Securities and other leading securities firms attended. Morgan Fund, China Europe Fund, Boshi Fund, BoCom Financial Management, Guangfa Fund and other well-known institutions also showed great concern to the company.
It is reported that Guanghong Holdings in 2023 closely around the core direction of the food industry, through deep ploughing "food cold chain, livestock and poultry farming" two major business sectors, to achieve steady business growth. According to the company, the company achieved operating income of 27% in 2023.Qbertgame90 billion yuan, an increase of 9% over the same period last year, excluding factors such as educational bookstores and restructuring gains brought about by competition in the same industry.Qbertgame.28%, realizing a net profit of 213 million yuan, excluding the effects of educational bookstores and restructuring income, an increase of 14.01% over the same period last year. In the first quarter of 2024, the company achieved an operating income of 557 million yuan and a net profit of 13.687 million yuan. The net cash flow from operating activities increased by 1.33% compared with the same period last year, and the total assets increased by 1.01% compared with the end of last year.
As a state-owned enterprise in Guangdong Province, Guanghong Holdings has also spared no effort in giving back to shareholders. The company has paid dividends for eight consecutive years since it was reorganized and listed with distributable profits, in which the profit distribution plan for 2023 is to distribute cash dividends of 1.50 yuan (including tax) for every 10 shares, with a total cash dividend of more than 87.56 million yuan, and the dividend payment rate is as high as 41.14%. This move not only reflects the company's responsible attitude to shareholders, but also shows the responsibility of established state-owned enterprises.
From a specific business point of view, in 2023, Guanghong Holdings' frozen goods business performance is outstanding. The company implements a new strategy to overcome the depressed pork market, speed up the adjustment of inventory commodity structure in time, improve the inventory turnover rate, and increase the purchase and sale of beef and mutton. On this basis, the company's frozen goods trade revenue reached 2.433 billion yuan in 2023, an increase of 9.33% over the same period last year. The company also jointly purchases from high-quality upstream suppliers to reduce operational risks by improving bargaining power and co-ordinating inventory management.
What is particularly noteworthy is that Guanghong Holdings has also made optimistic progress in the layout of pig production capacity. at present, the total production capacity of pigs is about 500000, including Huizhou core breeding farm base, and nearly 120000 high-quality purebred and dual-bred pigs are produced annually.QbertgameThe pig breeding project of Xingning base and the Huizhou core breeding farm base form the industrial cooperative layout of "core breeding base + standard breeding base", which produces about 300000 high-quality pigs per year; Haifeng base is mainly supplied to Hong Kong with a production capacity of about 30, 000 pigs; Shaoguan base is used as a breeding base with a production capacity of about 50, 000 pigs
Since the first quarter of this year, the company has accelerated the landing of the pig sector business. In March 2024, Guanghong Agriculture and Animal Husbandry Xingning Base successfully introduced the first batch of blue-eared Shuangyin pigs and began trial operation, which injected new impetus into the company's high-quality pig development. At the same time, as an important part of the development and layout of Guanghong holding pig industry, Guanghong Agriculture and Animal Husbandry Base has successfully transferred breeding pigs and piglets from Huizhou base. after reaching production, it will effectively improve the overall production competitiveness and profit-making ability of Guanghong holding pig breeding plate.
At the same time, in recent years, the company continues to improve the professionalism and efficiency in the field of pig breeding, with remarkable results. It is reported that Guanghong Holdings currently maintains its PSY (the number of weaned piglets per sow per year) at 26 to 28, while MSY (the number of fat pigs per sow per year) is also stable at about 25, and the key indicators are at the excellent level of the industry. This sustained and efficient performance has undoubtedly laid a solid foundation for the company's long-term development, and is expected to win more market share in the fierce market competition.
For future development, Guanghong Holdings said that it will expand rapidly through leasing, cooperation, mergers and acquisitions, and the pig farming business will continue to move towards the goal of "achieving 800000-1 million high-quality pigs per year in 2025". The poultry sector plans to achieve the target of 90 million to 100 million birds by 2025, including 4 million parental generations. This investor relations activity has not only deepened investors' understanding of the company, but also injected more confidence into the future development of the company.
In the long run, "the company will continue to take the large food industry with livestock and poultry breeding and food cold chain as the core, vigorously enhance the production capacity of green food and the core competitiveness of the seed industry, actively distribute the food industry, and strengthen capital operation." to achieve high-quality development of the green food industry, Guanghong Holdings said at the performance presentation.