Guoguang: The IPO project is expected to reach full production in 4 years

In a recent survey, Guoguang said that the company's IPO project will be completed and put into operation in December 2021, the capacity utilization rate will exceed 50% in 2022, and it is expected to reach full production in about 4 years.

Q:What is the plan for 2023?

A:In the first three quarters of 2022, the net profit declined due to the impact of restricted electricity, the COVID-19 pandemic and the price increase of upstream raw materials. However, according to the forecast data of 2022 performance, excluding the impact of withholding, the net profit was roughly the same as that of 2021. The company's business revenue increased significantly in the first three quarters of 2022, mainly due to the company's increased efforts in channel construction on the one hand, and the acquisition of Hebi Quanfeng, which was consolidated in the second quarter of 2022. In 2023, the company will continue to strengthen the channel construction of all brands in accordance with the revenue growth target set by the 2021 equity incentive plan, and strive for a new level.

Q: How is the company's investment project going?

A: the technicals and intermediate project of Chongqing Wansheng obtained the Approval Document of Environmental Impact Assessment Document of Chongqing Construction Project in October 2022, and is currently implementing the project’s construction.

In May 2022, the convertible bond project of the company obtained the Real Estate Right Certificate issued by Jianyang City Planning and Natural Resources Bureau. By the end of 2022, the land formation of the construction land of the project had been completed. Construction on both projects is expected to begin this year.

Q: What are the marketing advantages of the company's products?

A: First, technical service advantage. According to the characteristics of different crops, different regions and channel providers, the company has established technical training from field demonstration training to company-level organization. Through training, customers can improve their product cognition and planting management level. Second, product advantage. The company has nearly 120 certificates of plant growth regulators, and the company provides abundant crop control technology schemes; Third, personnel advantage. At present, the company has more than 900 technical service and technical marketing personnel. The company has strengthened the allocation of technical service and technical marketing personnel and the assessment of service ability to ensure the performance of the work. Fourth, brand advantage. The five brands of the company have their own application characteristics, and the product differentiation provides conditions for different brands to cover the blank market. In 2022, the number of distributors (excluding Hebi Quanfeng) increased by about 32% compared with 2021.

Q:How is the capacity released for the company's IPO project?

A:The IPO project of the company will be completed and put into operation in December 2021, and the capacity utilization rate will exceed 50% in 2022. We expect to reach full production in about 4 years.

Q:How is the overseas registration of the company's products?

A: The company insists on domestic development. At the same time, gradually carry out product registration abroad. There are currently eight formulation products registered in Myanmar and further overseas registration of some products is planned in the future.