Beijing Dabeinong Technology Group Co., Ltd.
大北农
002385
Shenzhen Stock Exchange
Company Profile
1. Advantages in Culture and Talent The Party Committee takes the lead in Dabeinong’s cultural development. Facing the unprecedented changes and great opportunities of the century, the company needs to further strengthen the building of corporate culture under the leadership of the Party. The success of Dabeinong’s cause stems from the success of its cultural development. Culture serves as the soul and guiding principle of the enterprise, as well as the shared values and behavioral norms of all employees. Guided by this corporate culture, all Dabeinong staff firmly uphold the mission of "Strengthening Agriculture to Serve the Motherland", actively integrating into the new era, global competition, and the national rejuvenation drive. Relying on its industrial foundation built over more than 30 years, the company continues to break through bottlenecks, pursue innovation, and forge ahead. Talent is a key driver of Dabeinong’s development. Over more than three decades of growth, the company has built a talent development system with expert teams as the pillar, entrepreneur groups as the core, cadre teams as the backbone, and outstanding employees as the foundation. It emphasizes the concepts of "Entrepreneurship, Innovation, Pioneering" and advances talent team building based on principles such as "uniting people with culture, inspiring people with careers, developing people through work, enhancing people via training, motivating people with mechanisms, regulating people with systems, and evaluating people by performance". The company’s management team takes the lead in demonstrating exemplary conduct, fostering team spirit, mastering professional skills, and pursuing rigorous learning. They practice criticism and self-criticism, implement benchmarking management, focus on the development of the large-scale agricultural industry, and possess in-depth insights and rich practical experience in the feed, breeding, and crop cultivation sectors. Through stock options and equity-based entrepreneurship programs, the company enables more employees to become shareholders and owners of the enterprise. It provides a platform for employees to fully demonstrate their talents and strive for excellence, allowing them to realize their life values in an autonomous entrepreneurial environment characterized by full trust and authorization. Driven by its corporate culture and entrepreneurial mechanisms, the company has established a sound system for talent recruitment, aggregation, development, and utilization. It rewards scientific and technological talents who have made outstanding contributions, strengthens the continuing education of professional and technical personnel, and enhances the company’s overall scientific research capabilities and comprehensive competitiveness. Guided by the concept of "a community with a shared mission, a community with shared careers, and a community with shared interests", the company works collectively to create value, contribute to society, and strengthen the nation. 2. Advantages in Strategy and Layout Officially founded in 1994, Dabeinong started with the feed business. It expanded into the seed industry in 2000, entered the animal health industry in 2002, stepped into the vaccine sector in 2003, moved into the breeding pig industry in 2011, and entered the live pig breeding industry in 2016. While consolidating its feed business foundation, the company has extended downstream into live pig breeding, developed the animal health and vaccine business in parallel, and made every effort to advance the seed industry, thereby achieving coverage of key links in the agricultural industrial chain. After more than 30 years of development and layout, the company has centered its operations on two core industrial lines—crop technology and animal technology—and formed a comprehensive industrial layout. This layout is based on the feed industry and integrates the coordinated development of the seed industry, animal health and vaccine sector, live pig breeding, and other related industries. In the future, Dabeinong will continue to increase investment in research on key core agricultural technologies, enhance its innovation capability and competitiveness, upgrade the system for key links in the industrial chain, and improve its overall efficiency. 3. Advantages in R&D and Innovation Scientific and technological innovation is the core driving force for advancing agricultural modernization. Dabeinong Phoenix International Innovation Park, the company’s new headquarters, has been put into use since the end of 2022. Equipped with over 1,200 sets of instruments and equipment, it is a comprehensive agricultural science and technology innovation park dedicated to becoming a "Silicon Valley" for agricultural science and technology innovation in China and a global hub for agricultural innovation. Centered on the Phoenix International Innovation Park, the company plans to establish multiple high-quality life science R&D platforms at home and abroad through various models in the future. These platforms will focus on key scientific issues and technologies in fields such as food security, modern food production, green development, and bioinformatics. Aligning with the actual needs of the industry, they aim to achieve breakthroughs in cutting-edge technologies and generate a series of original innovation results. 4. Advantages in Model and Scale In recent years, Dabeinong has basically formed a sound pattern of integrated development across its seed, feed, live pig breeding, and animal health and vaccine businesses. It has also explored a series of initiatives to extend and expand its industrial chain, supply chain, and value chain.
Full description
The company's main business involves the production and sales of products related to the seed industry, feed, live pigs, vaccines and animal health. In 2024, the company achieved an operating revenue of 287,669.656 million yuan, a year-on-year decrease of 13.85%; it achieved a net profit of 7,154.980 million yuan, with a net profit attributable to shareholders of listed companies of 3,457.727 million yuan. The company's operating performance turned from loss to profit, mainly due to: ① During the reporting period, the average sales price of live pigs increased year-on-year, the cost of live pig breeding decreased significantly compared with the same period last year, and the profit from the live pig business increased significantly year-on-year (the total net profit of the live pig breeding companies controlled and participated by the company was approximately 1.122 billion yuan, and the net profit attributable to shareholders of the listed company was approximately 411 million yuan); ② The company strengthened its operation and management, improved operational efficiency, and its period expenses showed a downward trend compared with the same period last year. Among them, sales expenses decreased by 11.31% year-on-year, and management expenses decreased by 8.46% year-on-year. The revenue from feed products was 190,542.464 million yuan, accounting for 66.24%; the revenue from pig-raising products was 62,778.446 million yuan, accounting for 21.82%; the revenue from seed industry products was 14,250.999 million yuan, accounting for 4.95%. In the first half of 2025, the company achieved an operating revenue of 13.559 billion yuan, a year-on-year increase of 3.5%, and a net profit attributable to shareholders of listed companies of 235 million yuan, a year-on-year increase of 250.9%. The company's revenue from feed products was 8.599 billion yuan, accounting for 63.4% of the operating revenue; the revenue from pig-raising products was 3.4 billion yuan, accounting for 25.1% of the operating revenue; the revenue from seed industry products was 477 million yuan, accounting for 3.5% of the operating revenue.