Group 1: Market Overview - The current market for commodity broiler chicks has seen an oversupply due to excessive breeding in the past two years, leading to a decline in prices for both chicks and chicken meat [3] - Recent outbreaks of avian influenza and issues related to "fast-growing chickens" have further exacerbated the already sluggish market conditions [3] - Consumer confidence in chicken meat has been negatively impacted, resulting in a slowdown in consumption, which is expected to recover slowly [3] - The industry is implementing self-regulation to reduce the breeding of parent stock chickens to reverse the overall loss situation [3] - Prices for commodity broiler chicks have recently started to rebound, and an upward trend is anticipated in the second half of the year as production capacity is reduced [3] Group 2: New Product Development - The company has developed a new product called "New State" liquid fertilizer, which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [4] - This fertilizer is designed to enhance crop yield, product quality, and resistance to adverse conditions, particularly for high-value crops such as fruits, vegetables, flowers, tobacco, and sugarcane [4] - Marketing efforts for the "New State" fertilizer have commenced in several provinces, with three to four provinces being prioritized for promotion, and it has entered the sales phase [4]

Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessive in recent years, leading to a surplus supply of commodity broiler chicks, which has resulted in continuous outbreaks of avian influenza and other sudden events [2][4] - These events have exacerbated an already sluggish market, causing rapid declines in the prices of commodity broiler chicks and chicken meat [4] - Consumer confidence in chicken meat has been negatively impacted, leading to a slowdown in consumption, which is recovering slowly [4] - The current economic slowdown and decreased mobility have contributed to low consumption levels, despite industry self-regulation efforts to reduce breeding volumes and reverse overall industry losses [4] Group 2: Commodity Broiler Chick Prices - Various factors influence the prices of broiler chicks, including market supply, downstream consumer demand, and overall economic conditions [4] - Due to frequent and severe fluctuations in chick prices, predicting long-term price trends is challenging [4] Group 3: New Product Development - The company has developed a new liquid fertilizer product called "New Status," which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [5] - This product is designed to enhance crop yield, quality, and resistance to adverse conditions, and is primarily used for high-value crops such as fruit trees, vegetables, flowers, tobacco, and sugarcane [5] - Marketing and promotion efforts for this product have been initiated in multiple provinces, and collaborations with relevant research institutions have been established, resulting in good market recognition [5]

Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessive over the past two years, leading to a surplus supply of commodity broiler chicks [2] - The occurrence of avian influenza and "fast-growing chickens" has exacerbated an already sluggish market, causing a continuous decline in the prices of commodity broiler chicks and chicken meat [2][3] - The industry plans to implement self-discipline to reduce the breeding volume of parent stock chickens to reverse the overall loss situation [3] Group 2: Commodity Broiler Chick Prices - The price of broiler chicks is influenced by various factors, including market supply, downstream consumer demand, and industry prosperity [3] - Due to frequent and severe price fluctuations, predicting the price trend of broiler chicks over a longer period is challenging [3] Group 3: Power Generation and Financial Performance - The power generation segment has been operating at a loss in recent years, primarily due to receiving only basic and partial subsidy prices, resulting in low overall pricing [3] - The company is increasing the development and sales of new downstream fertilizer products to offset losses in power generation [3] Group 4: New Product Development - The company has developed a new liquid fertilizer product called "New State," which is an eco-friendly fertilizer rich in organic matter and essential nutrients for plant growth [4] - "New State" liquid fertilizer has shown significant improvements in crop yield, product quality, and resistance to adverse conditions, and has gained good market recognition after extensive promotion [4] Group 5: Biogas Project - The biogas purification and compression project, associated with the commodity chicken breeding project, can produce approximately 10 million cubic meters of biogas annually by processing chicken manure [4]

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司投资者关系活动记录表 编号：2015-01 | --- | --- | --- | |-----------------------|-------------------------------|------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | | □ | 现场参观 □其他 （请文字说明其他活动内容） | | | 安信证券股份有限公司 刘哲铭 | | | 参与单位名称及 | | 北京鑫牛投资顾问有限公司 赵鸿涛 | | 人员姓名 | 上海原点资产管理有限公司 吴昊 | | | | | | | | | 深圳市太和投资管理有限公司 白鹤 | | 时间 | 2015 年 4 月 28 | 日 | | 地点 | 山东民和牧业股份有限公司 | | | 上市公司接待人 员姓名 | 证券事务代表：高小涛 | | | 投资 ...

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |--------------|----------------------------|----------------------------------------------------|-------| | | ■ | 特定对象调研 □分析师会议 | | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | | □ | 现场参观 □其他（请文字说明其他活动内容） | | | 参与单位名称 | | 国泰君安证券股份有限公司：钱浩 | | | 及人员姓名 | | 上海朴道瑞富投资管理中心: 郭凯旋 | | | | 广州金域投资有限公司: 张萍 | | | | 时间 | 2015 年 12 月 1 | 日 | | | 地点 | 山东民和牧业股份有限公司 | | | | 上市公司接待 | | | | | 人员姓名 | 证券事务代表：高小涛 | | | | 投资者关系 | 公司座谈 | | | | 活动主 ...

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司投资者关系活动记录表 编号：2015-06 | --- | --- | --- | |----------------|------------------------------|------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ 媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □ | 现场参观 □其他（请文字说明其他活动内容） | | | 长江证券股份有限公司：高晨星 | | | | 长江证券股份有限公司: 余昌 | | | | 华泰证券股份有限公司: | 熊承慧 | | | 华泰证券股份有限公司 | : 李方新 | | 参与单位名称及 | 国金证券股份有限公司：钟凯锋 | | | 人员姓名 | 上海铵盈投资管理公司：杨海斌 | | | | 银华基金管理有限公司：张萍 | | | | | 华泰柏瑞基金管理有限公司：谭笑 | | | | 光大保德信基金管理有限公司：龙飞 | | 时间 | 2 ...

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司投资者关系活动记录表 编号：2015-04 | --- | --- | --- | |----------------|----------------------------|--------------------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | | □ | 现场参观 □其他（请文字说明其他活动内容） | | 参与单位名称及 | 诺安基金管理有限公司：张强 | | | 人员姓名 | 齐鲁证券研究所：刁凯峰 | 博时基金管理有限公司：王俊、王诗瑶 | | 时间 | 2015 年 6 月 16 | 日 | | 地点 | 山东民和牧业股份有限公司 | | | 上市公司接待人 | | | | 员姓名 | 证券事务代表：高小涛 | | | 投资者关系 | 公司座谈 | | | 活动主要 | | 一、当前市场情况，行业供需介绍 | | 内容介绍 | | ...

Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessively high over the past two years, leading to abundant supply and a persistent high supply of commodity broiler chicks, exacerbated by outbreaks of avian influenza and "fast-growing chickens" [2][3] - The negative impact on consumer confidence in chicken meat has resulted in consumption delays, with slow recovery of the situation [3] - The industry plans to self-regulate to reduce the breeding volume of parent chickens to reverse the overall loss situation [3] Group 2: Power Generation Status - The company has been in a state of loss in power generation for several years, primarily due to receiving only basic electricity prices and some subsidized prices, resulting in low overall electricity prices [3] - The company is increasing the development and sales of new downstream fertilizer products to offset losses from power generation [3] Group 3: Biogas Purification and Concentration Project - The company's biogas purification and concentration project produces "New State" liquid fertilizer, which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [3] - This product has shown significant improvements in crop yield, product quality, and crop resistance, and has been well-received in multiple provinces following extensive marketing efforts [3] Group 4: Biogas Production Capacity - The biogas purification and compression project, which is a supporting project for commodity chicken farming, can produce approximately 10 million cubic meters of biogas annually from the treatment of chicken manure and other waste [4]

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司投资者关系活动记录表 编号：2015-05 | --- | --- | --- | |--------------|-----------------------------------------|------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □ | 现场参观 □其他（请文字说明其他活动内容） | | | | 安邦资产管理有限责任公司：陈静 | | | | 财通证券资产管理有限公司：杨琪 | | | | 上海陆宝投资管理有限公司：杨佳丽 | | 参与单位名称 | 中信证券股份有限公司：刘洋 | | | | | | | 及人员姓名 | 富国基金管理有限公司：王园园 | | | | 宝盈基金管理有限公司：杨思亮 | | | | 嘉实基金管理有限公司：姚爽 | | | 时间 | 2015 年 6 月 18 | 日 | | 地点 | 山东民和牧业 ...

证券代码：002234 证券简称：民和股份 编号：2016-08 山东民和牧业股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-------------------------------------------------------|------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □ | 现场参观 □其他（请文字说明其他活动内容） | | | 中泰证券股份有限公司：刁凯峰 | | | | | 上海洛若投资管理有限公司：雷军 | | | 上海国际信托有限公司：徐建春 | | | | | | | 参与单位名称 | | 汇丰晋信基金管理有限公司：刘淑生 | | 及人员姓名 | | 深圳市宗毅润邦投资有限公司：孙霞 | | | | 深圳市金石投资管理有限公司：李世新 | | | | 深圳市万杉资本管理有限公司：许均华 | | | | 深圳市鼎诺投资管理有限 ...