Group 1: Cross-Border Mergers and Acquisitions - The company is currently in the third phase of its cross-border acquisition process, which aligns with its strategic goals and offers significant synergy value [1] - Regardless of the outcome of the acquisition, the company will continue to expand its industry chain layout through mergers and acquisitions [1] Group 2: Family Farm Development - The development of family farms is a key strategy for expanding breeding scale, with initiatives already launched in several provinces, exceeding initial expectations for 2016 [2] Group 3: Market Conditions and Cost Management - The company maintains a calm perspective on fluctuations in pig prices, focusing on cost management and implementing various measures to reduce costs, including employee incentive mechanisms and standardizing processes [2] Group 4: Vaccine and Feed Performance - There has been a decline in the performance of vaccine sales, particularly for swine fever vaccines, but significant growth in market sales compared to the same period last year [2] - The feed segment continues to show steady growth, with an emphasis on talent development to adapt to rapid industry changes, and future investments in this area are expected to increase [3] Group 5: Future Financing and Collaborations - The company is considering further non-public offerings to rapidly expand its scale and profitability, welcoming collaborations with strong institutions that are optimistic about the agricultural sector [3]

证券代码：002124 证券简称：天邦股份 宁波天邦股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-------------------------|-----------------------------------------------------------------| | | | 编号： 2016-01 | | 投资者关系活 | □ | 特定对象调研 □分析师会议 | | 动类别 | | □媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | ■现场调研 □其他 | | | 参与单位名称 | | 紫贝资本 刘其华、鹏华基金 冀洪涛、南方基金 张原、华富基 | | 及人员姓名 | | 金 龚炜、圆信永丰 洪流、国金证券 石兵 | | 时间 | 2016 年 1 月 17 | 日 | | 地点 | 南京希尔顿酒店会议室 | | | 上市公司接待 | | | | 人员姓名 | | 董事长吴天星、总裁张邦辉、副总裁兼董秘王韦 | | 投资者关系活 | | 调研行业和公司情况（以调研机构提问，公司高管回答的方式 | | ...

证券代码：002124 证券简称：天邦股份 宁波天邦股份有限公司投资者关系活动记录表 编号：2016-02 | --- | --- | --- | |---------------------|------------------------------|------------------------------------------------------------| | | | | | 投资者关系活 | □ | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | ■现场调研 □其他 | | | 参与单位名称 | 长城证券 王建虎 | | | 及人员姓名 | | | | 时间 | 2016 年 2 月 22 | 日 | | 地点 上市公司接待 | 公司上海行政中心会议室 | | | 人员姓名 | | 副总裁兼董秘王韦、战略管理与投资部胡宗田 | | 投资者关系活 | | 调研行业和公司情况（以调研机构提问，公司高管回答的方式 | | 动主要内容介 | 展开） | | | 绍 | 问题一：公司在种猪上的进展？ | | | ...

证券代码：002124 证券简称：天邦股份 宁波天邦股份有限公司投资者关系活动记录表 编号：2016-04 | --- | --- | --- | |--------------|----------------------------|--------------------------------------------------------| | | | | | 投资者关系活 | □ | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | ■现场调研 □其他 | | | 参与单位名称 | | 海通证券：陈雪丽；中国人寿资产管理：周伟业；民生加银基 | | 及人员姓名 | 金：甄艺、柳世庆。 | | | 时间 | 2016 年 5 月 12 | 日 | | 地点 | 公司上海行政中心会议室 | | | 上市公司接待 | | 副总裁兼董秘张宇、战略管理与投资部胡宗田、证券事务代表 | | 人员姓名 | 夏艳 | | | 投资者关系活 | | 调研行业和公司情况（以调研机构提问，公司高管回答的方式 | | 动主要内容介 | 展 ...

证券代码：002124 证券简称：天邦股份 宁波天邦股份有限公司投资者关系活动记录表 编号：2016-08 | --- | --- | --- | --- | |-------------------------|------------------------|--------------------------------------------------------|-------------------------------| | | | | | | 投资者关系活 | □ | 特定对象调研 □分析师会议 | | | 动类别 | | □媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | | ■现场调研 □其他 | | | | 参与单位名称 及人员姓名 | 相聚资本管理：陈晓舜 | | | | | | | | | 时间 | 2016 年 11 月 | 22 日 | | | 地点 | 公司上海行政中心会议室 | | | | 上市公司接待 人员姓名 | 证券事务代表：夏艳 | | | | 投资者关系活 | 调研行业和公司情况 | | | | 动主要内容介 | | 问题一：汉 ...

Group 1: Investor Relations Activity Overview - The investor relations activity involved a visit to the subsidiary "Hanshiwei Food Group Co., Ltd." and a pig farm in Hancheng County, showcasing the company's exploration of integrated farming and circular agriculture development models [1] - The visit included a tour of the agricultural park surrounding the pig farm, which features tea gardens, orchards, and agricultural product processing facilities [2] Group 2: Business Development and Future Strategy - Company executives provided insights into various business segments and future strategic plans, including an overview of Tianbang's basic situation, production operations, and future meat product development plans [2] - The feed division introduced high-end aquatic feed products, emphasizing the "fully熟化+酵香型" approach for shrimp, crab, fish, and turtle feeds [2] Group 3: Technological Innovations - The Chief Smart Officer presented on the standardization of pig farms, automated data collection, and individual management of sows, highlighting the development of smart pig farms [3] - Future plans include a focus on technology as the core, aiming for scientific breeding and innovation to become a leading international supplier of green and healthy animal-source food [3] Group 4: Product Experience and Feedback - A tasting event for the "Shifenweidao" brand was held, allowing guests to sample various self-owned ingredients and products, receiving positive feedback on safety and flavor [3] - The event included a BBQ featuring pork products and seafood, enhancing guests' understanding of Tianbang's culture and product offerings [3]

Financial Performance - In 2016, the net profit attributable to shareholders was 373 million RMB, a year-on-year increase of 238.18% [1] - The operating revenue for 2016 was 5.58 billion RMB, representing a year-on-year growth of 35.1% [1] - For Q1 2017, the revenue was 540 million RMB, showing a year-on-year increase of 39.9% [2] - The net profit attributable to the parent company for Q1 2017 was 53 million RMB, a decline of 23.6% compared to the previous year [1] Aquaculture and Feed Business - The company has focused on high-end aquaculture feed, emphasizing "fully cooked, fragrant" products [2] - Recent acquisitions include the shrimp breeding business and partnerships to enhance the feed industry [2] - The company has established a comprehensive food industry chain from breeding to processing and consumption [2] Food Business Development - The acquisition of Agfeed Industries has strengthened the company's position in pig breeding and farming [3] - The company has developed a complete supply chain for fresh meat and meat products, ensuring quality and traceability [3] - The company plans to change its name to reflect its focus on food and eliminate regional limitations [4] Market Strategy and Challenges - The company is integrating resources across the supply chain to improve efficiency [4] - Due to seasonal fluctuations, pork prices have been declining, prompting the company to enhance internal controls and cost management [5] - Future strategies include refining production processes and extending the industry chain to mitigate risks associated with price volatility [5]

Group 1: Vaccine Products - The main products in the vaccine sector include: pig fever heat-resistant protective vaccine, pig reproductive and respiratory syndrome virus live vaccine, pig infectious gastroenteritis and pig epidemic diarrhea inactivated vaccine, pig circovirus type 2 inactivated vaccine, and pseudorabies live vaccine. The sales of the pig circovirus vaccine have remained stable, while the sales of the pig fever heat-resistant protective vaccine and the pig infectious gastroenteritis and pig epidemic diarrhea inactivated vaccine have seen significant year-on-year increases [1][2]. Group 2: Competitive Advantages - The high pathogenic pig reproductive and respiratory syndrome heat-resistant protective live vaccine (JXA1-R strain) utilizes advanced cell suspension culture technology for virus antigen production. This method offers high automation, consistent antigen titers, minimal batch variation, and reduced contamination risks. The product can be stored long-term at 2-8°C, ensuring stability and efficacy. It is the only high pathogenic pig blue ear disease vaccine produced using this technology in China, marking a significant upgrade in product quality within the industry [2]. Group 3: Meat Products Distribution - The sales channels for fresh and processed meat products include specialty stores, supermarkets, catering enterprises, and e-commerce. In the future, central kitchens are expected to become a major consumption method in large cities, with catering and community fresh food stores serving as primary supply channels. The company plans to explore the market for finely segmented products and develop convenient foods to enhance its food service capabilities. Since 2016, the company has invested in research and distribution of meat processing, aiming to offer differentiated and competitive deep-processed meat products based on these sales channels [3].

Group 1: Company Overview and Strategy - Tianbang Foods established Shanghai Shifenweidao Food Co., Ltd. in 2016 to create sales channels for fresh meat and meat products [1] - In April 2017, the company adjusted the organizational and market structure of Shifenweidao to optimize its food industry model for future development [1] - The company plans to develop specialty stores and corporate group clients based on e-commerce and supermarkets, and intends to establish slaughter centers and enhance production capabilities for various deep-processed meat products [2] Group 2: Competitive Advantages - Shifenweidao has a strong product positioning and brand recognition, with high market acceptance of its products [2] - The company’s unique feature is its vertically integrated strategy, controlling the entire supply chain from breeding to sales, ensuring quality and safety traceability for consumers [2] Group 3: Industry Insights - With the increase in disposable income among urban and rural residents, consumer demand for meat products is shifting from quantity to quality, leading to a rapid increase in the proportion of mid-to-high-end meat products [2] - There is a growing emphasis on food safety and quality assurance systems, with strict hygiene standards becoming increasingly important in the meat product industry [3] - Future consumer demands for meat products will focus on health, fashion, convenience, and nutrition [3]

证券代码：002124 证券简称：天邦股份 宁波天邦股份有限公司投资者关系活动记录表 编号：2017-03 | --- | --- | --- | --- | |-------------------------|------------------------|--------------------------------------------------------|-------| | | | | | | 投资者关系活 | □ | 特定对象调研 □分析师会议 | | | 动类别 | | □媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | | ■现场调研 □其他 | | | | 参与单位名称 及人员姓名 | 国泰君安证券：赵瑞 | | | | 时间 | 2017 年 5 月 2 | 日 | | | | | | | | 地点 | 公司上海行政中心 | | | | 上市公司接待 人员姓名 | | 董秘：张宇；证券事务代表：夏艳。 | | | 投资者关系活 | 调研行业和公司情况 | | | | 动主要内容介 绍 | | 问题一：公司产业链协同情况？ | | | | | 答 ...