On March 25, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) ( Xinjiang Guannong Fruit & Antler Co.Ltd(600251) ) disclosed the annual report of 2021. During the reporting period, the company achieved an operating revenue of 4.337 billion yuan, an increase of 56.62% over 2020, a net profit of 301 million yuan, a year-on-year increase of 22.01%, and a total asset of 7.124 billion yuan, a year-on-year increase of 11.12%. Behind the beautiful performance growth is the complex international situation in 2021, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) based on the agricultural industry, further consolidate the profitability of the three agricultural sectors and help deepen rural reform through practical actions.
According to reports, in 2021, the company focused on strengthening, optimizing and expanding the three main businesses, reducing costs, improving quality, increasing benefits, intensive cultivation, actively expanding the Chinese market, achieving leapfrog growth in sales, and promoting the high-quality development of various industries.
In terms of tomato industry, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) overcame the impact of rising prices of raw materials, insufficient supply of materials and year-on-year decline in output caused by the international political environment, epidemic situation and national food policies, and all energy consumption indicators were stably controlled within the assessment indicators to achieve good benefits; By continuously improving the service quality, the cotton industry has ensured the achievement of the acquisition and processing goal, and the cotton storage volume in the futures delivery warehouse has reached a record high, realizing the goal of “profit expectation, scale growth and risk control”; The sugar beet industry firmly grasped the three main lines of optimizing equipment operation, consolidating safety and environmental protection management and deepening cost reduction and efficiency increase to achieve good revenue. It was recognized as the third batch of “specialized and special new” small giant enterprises by the Ministry of industry and information technology, and its scientific and technological innovation strength was further enhanced.
Statistics show that Xinjiang Guannong Fruit & Antler Co.Ltd(600251) main holding companies are Yintong cotton industry, chlorogenic sugar industry and Xinjiang tomato, representing the company’s lint, white granulated sugar and ketchup businesses respectively. According to the annual report, during the reporting period, the net profits of the above companies were 208674 million yuan, 30.054 million yuan and 285094 million yuan respectively, which further consolidated the profitability of the company’s three agricultural sections.
Moreover, scientific and technological innovation, as an important engine to promote the high-quality development of enterprises, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) continues to increase scientific and technological investment in scientific research, leads industrial transformation and upgrading with scientific and technological innovation, and enhances the core competition of enterprises; On the basis of obtaining CMA (environmental testing qualification) certification in 2020, it successfully obtained Shenzhen Agricultural Products Group Co.Ltd(000061) catl ( Shenzhen Agricultural Products Group Co.Ltd(000061) quality and safety testing qualification) certification and food CMA (food testing qualification) certification in 2021, filling the gap in the industry in southern Xinjiang. Xinjiang tomato has obtained the national green factory and green food certification, and the production water-saving technology has reached the advanced level of China’s same industry. The construction and promotion of xiaotieniu digital agriculture comprehensive service platform have been completed; Huijin logistics cotton futures delivery warehouse completed the integration and demonstration technology project of safety and fire intelligent early warning system for super large cotton warehouse. According to the data of the annual report, the investment in Xinjiang Guannong Fruit & Antler Co.Ltd(600251) R & D in 2021 increased by 169.84% over the previous year.
It is worth mentioning that Xinjiang Guannong Fruit & Antler Co.Ltd(600251) foreign investment in SDIC Luoyang potassium and Guodian kaiduhe projects, the company holds 20.3% and 25.28% of the equity respectively. SDIC luok is mainly engaged in the preparation of potassium sulfate from natural brine resources in Lop Nur, Xinjiang. It has built a production plant with an annual output of 1.6 million tons of potassium sulfate and 100000 tons of potassium sulfate magnesium fertilizer. It is the largest potassium sulfate production enterprise in China and the largest monomer potassium sulfate production enterprise in the world. Guodian Kaidu River is mainly engaged in hydropower development in the middle reaches of Kaidu River Basin in Bayingolin Mongolian Autonomous Prefecture, Xinjiang. At present, Chahanwusu hydropower station and Liushugou hydropower station have been developed, constructed and put into operation, with a total installed capacity of 510000 kW and a design annual average power generation of 1.772 billion kw · H. The income from these two foreign investments is an important source of profit for the company and provides a strong support for the sustainable and healthy development of the company’s main business. The annual report shows that during the reporting period, the company obtained an investment income of 266 million yuan.
During the reporting period, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) also took the “double hundred action” of state-owned enterprise reform and the three-year action of state-owned enterprise reform as an opportunity to continuously optimize the corporate governance structure and transform the advantages of modern enterprise system with Chinese characteristics into governance efficiency and development momentum. In the “double hundred action” of state-owned enterprise reform, the Corps became the only enterprise rated as “a” by the state-owned enterprise reform leading group of the State Council, and was selected into the list of “state-owned enterprise corporate governance demonstration enterprises” by the state owned assets supervision and Administration Commission of the State Council.
2022 is a key year for the implementation of the 14th five year plan and the end of the three-year action of decisive battle and victory in the reform of state-owned enterprises. The company will take promoting high-quality development as the theme, “industrial transformation, structural upgrading, factor aggregation and chain forging” at the same time, constantly strengthen and improve the main industrial entities of cotton flower, tomato and sugar beet sugar processing, and maintain a good situation of high-quality development.
For future development, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) said in the annual report that rural revitalization and common prosperity are one of the main lines of China’s consumption upgrading. Constantly building and mining rural industries and unblocking Shenzhen Agricultural Products Group Co.Ltd(000061) production and marketing channels are a key point of future development Xinjiang Guannong Fruit & Antler Co.Ltd(600251) as a leading enterprise in agricultural industrialization, firmly establish the development concept of innovation, coordination, green, openness and sharing, and actively promote the integrated development of primary, secondary and tertiary industries under the guidance of market demand and with the goal of improving agricultural quality and efficiency, increasing farmers’ employment and income and activating rural development vitality. The company’s “little iron cow” digital agriculture platform takes the layout, construction, operation and promotion of modern comprehensive service system as the core, actively implements the mechanism of connecting agriculture with agriculture, gives play to the role of science and technology in benefiting agriculture, and promotes the construction of digital countryside.
