On January 10, the concept of supply and marketing cooperatives continued to be active, with 12** and 3** among the 15 concept stocks. Among them, the joint price limit of China Agriculture, ST Daji, Swan shares, Hunan Development, and Zhejiang Agricultural shares rose first.
On the news side, the All-China Federation of Supply and Marketing Cooperatives said that by 2025, the whole system will build an agricultural socialized service system from top to bottom, and the land trusteeship area will reach 1500 million mu, the scale of agricultural socialization services in each link has reached 300 million mu, and the service has driven more than 50 million small farmers.
The All-China Federation of Supply and Marketing Cooperatives is a joint organization of national supply and marketing cooperatives, led by the People's Republic of China.
The concept of supply and marketing cooperatives is "making a comeback".
According to public information, supply and marketing cooperatives are one of the important circulation channels in China's rural areas, which can provide relatively flat sales channels for agricultural products, thereby reducing the cost of farmers to purchase agricultural materials.
Looking back on the development history of China's supply and marketing cooperatives, the predecessor of the supply and marketing cooperatives, the All-China Federation of Cooperatives, was established in 1950, and then officially changed its name to the All-China Federation of Supply and Marketing Cooperatives in 1954; From 1958 to 1995, the development of supply and marketing cooperatives was up and down, and it experienced three "divisions and mergers" with state-owned commerce.
In 2005, the goal of building a new socialist countryside was proposed, and the headquarters also accelerated the implementation of the "new network project"; Since then, the supply and marketing cooperatives have continued to develop, and have successively clarified the guiding ideology of serving rural revitalization and the "three-in-one" cooperation policy of production, supply and marketing, and credit.
With the advancement of the market economy, supply and marketing cooperatives have become an important part of the market economy. At present, the supply and marketing cooperatives involve many industries, and the commodities sold include crops and agricultural products, and at the same time, they also provide a series of services such as waste products, financial leasing, catering and accommodation.
On December 23, 2023, the Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, the State Post Bureau, the All-China Federation of Supply and Marketing Cooperatives, and the China Post Group jointly issued the "Guiding Opinions on Accelerating the Integrated Development of Rural Passenger, Freight and Postal Services" to further promote the integrated development of rural passenger transport, freight logistics and postal express delivery, and better meet the needs of rural people for travel, freight logistics and delivery services.
According to the analysis of relevant brokerage research reports, the supply and marketing cooperatives are in line with the characteristics of "low profitability and high grade" state-owned enterprises. In the context of the spread of the phenomenon of "asset shortage", the market is facing the dilemma of choosing returns and risks. At present, "rooting and sprouting" and "social responsibility" are more worthy of attention, which makes the investment value of "low-profit and high-grade" state-owned enterprises prominent.
The relevant concept stocks have a deep background
Flush data shows that there are 15 related to the concept of A-share supply and marketing cooperatives, including China Agricultural Union, ST Daji, Swan Shares, China Agricultural Lihua, Hunan Development, China Re Capital Environment, Xinli Finance, Zhejiang Agricultural Shares, Huilong Shares, *ST New Textile, Tianhe Shares, Dunhuang Seed Industry, Wanrun Shares, Yongxin Shares, and Potassium International.
Judging from the background of the shareholders, all of them are not small. Among them, the All-China Federation of Supply and Marketing Cooperatives is the ultimate controller of the China Agricultural Union; Shandong Supply and Marketing Cooperative Association is the actual controller of Swan shares; Anhui Provincial Federation of Supply and Marketing Cooperatives is the actual controller of Xinli Finance; Zhejiang Supply and Marketing Cooperatives Association is the actual controller of Zhejiang Agricultural Co., Ltd.; Guangdong Provincial Supply and Marketing Cooperatives is the actual controller of Tianhe shares.
Among the shareholders of Dunhuang Seed Industry Company are Dunhuang Supply and Marketing Cooperatives, Jinta County Supply and Marketing Cooperatives, Guazhou Supply and Marketing Cooperatives, etc.; The shareholders of Wanrun Co., Ltd. include Yantai Supply and Marketing Capital Investment Company, which is a 100% controlled subsidiary of Yantai Supply and Marketing Cooperative Association; The top ten shareholders of Hunan Development Company include Hengyang Supply and Marketing Cooperative.
ST Daji Company's shareholder New Cooperative Trade Chain Group is a joint venture established by China Supply and Marketing Group, Zhechuan County Supply and Marketing Cooperatives, Tianjin Supply and Marketing Cooperatives, Jiangsu Supply and Marketing Cooperatives and other supply and marketing cooperatives; And the company is the vice chairman unit of the daily necessities procurement platform of the national supply and marketing cooperatives.
Zhongnong Lihua is mainly engaged in three categories: pesticide circulation service business, plant protection technical service business and plant protection machinery business. It belongs to the "national team" in the field of pesticide circulation, and has core competitiveness such as rich product resources and network resources all over the country. The actual controller of the company is the All-China Federation of Supply and Marketing Cooperatives.
Yongxin Co., Ltd. is mainly engaged in plastic color printing composite flexible packaging business, with good product quality, excellent service, and many international and domestic well-known customers to reach a stable cooperative relationship, laid the company's leading position in the field of plastic flexible packaging. The actual controller of the company is Huangshan Supply and Marketing Cooperative Association.
The operating conditions are worrying
For a long time, the supply and marketing cooperatives are mainly engaged in the business of sales and sales, promoting the circulation and sales of agricultural products, playing a certain role in helping farmers, and not taking profit as the only purpose, so its profit attribute is relatively weak.
From the perspective of circulating market capitalization, among the 15 concept stocks, there are only three with more than 10 billion, namely ST Daji 2914.8 billion, 1940 billion, Wanrun shares 1368.4 billion.
ST Xinfang is a company mainly engaged in the production and operation of pure cotton yarn, polyester cotton yarn, thread, cloth, yarn-dyed fabrics, towels, bed sheets and other products, which are sold in more than 20 provinces and cities such as Guangdong, Jiangsu and Shanghai, and exported to 12 countries and regions such as the United States, Hong Kong and South Korea. The company is a national large-scale textile backbone enterprise, one of the 520 key support enterprises in the country and Henan Province.
In the first three quarters of 2023, *ST New Textile achieved an operating income of 219.4 billion yuan, down 17 percent from the same period last year53%；Achieved net profit of -11.9 billion yuan, an increase of 64 over the same period last year91%。
Flush data shows that among the 38 companies in the textile manufacturing industry, *ST New Textile ranks 38th in the industry in terms of one-year rise and fall; The circulating market value ranks 29th in the industry; The diluted earnings per share TTM ranks 37th in the industry.
On January 6, 2024, *ST Xinfang issued an announcement on the company and its subsidiaries to obtain ** subsidies, and the ** subsidies received this time are expected to increase the profit of 1811 in 2023350,000 yuan.
ST Daji is positioned as a comprehensive service operator for urban and rural commodity circulation, and its main business covers Minsheng shopping malls, Kupu supermarket chains, China Jiji trade and logistics real estate and Daji Digital Technology **Chain Finance.
Flush data shows that among the 64 companies in the general retail industry, ST Daji's one-year rise and fall ranks 11th in the industry; The circulating market value ranks second in the industry; The diluted earnings per share TTM ranks 48th in the industry. From 2019 to the first three quarters of 2023, the company accumulated a net loss of 775.5 billion yuan.
On the evening of January 3, ST Daji issued an announcement, disclosing that the actual controller was about to be replaced by the All-China Federation of Supply and Marketing Cooperatives.