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：2016-03 | --- | --- | --- | --- | |--------------|-----------------------------|----------------------------------------------------|-------| | | ■ | 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 | 国泰君安证券研究所：钱浩 | | | | 及人员姓名 | 银华基金管理有限公司：和玮 | | | | 时间 | 2016 年 1 月 8 日 | | | | 地点 | | 山东民和牧业股份有限公司会议室 | | | 上市公司接待 | 证券事务代表：高小涛 | | | | 人员姓名 | | | | | 投资者关系 | 公司座谈 | | | | 活动主要 | | 一、当前市场情况，行业供 ...

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：2016-09 | --- | --- | --- | |--------------|--------------------------------|------------------------------------------------------| | | ■ | 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 | 华泰证券股份有限公司: 熊承慧 | | | 及人员姓名 | 长盛基金管理有限公司：刘旭明 | | | 时间 | 2016 年 8 月 25 | 日 | | 地点 | 山东民和牧业股份有限公司会议室 | | | 上市公司接待 | 证券事务代表：高小涛 | | | 人员姓名 | | | | 投资者关系 | 公司座谈 | | | 活动主要 | 当前市场和鸡苗情况 | | | 内容介绍 | | 之前年度行业自发削减产能的同时 ...

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：2016-010 | --- | --- | --- | |--------------|----------------------------|------------------------------------------------------| | | | | | | ■ | 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 | | 长江证券股份有限公司:余昌、姚雪梅 | | 及人员姓名 | | 上海中最投资管理有限公司：刚卫文 | | | 暖流资产管理有限公司：米强 | | | 时间 | 2016 年 9 月 8 | 日 | | 地点 | | 山东民和牧业股份有限公司会议室 | | 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 | 当前市场和鸡苗情 ...

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：2016-05 | --- | --- | --- | |--------------|-------------------------|----------------------------------------------------| | | ■ | 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） | | 参与单位名称 | | 统一证券投资信托股份有限公司：林川钦 | | 及人员姓名 | | 统一证券投资信托股份有限公司：林玉珠 | | 时间 | 2016 年 5 月 11 | 日 | | 地点 | | 山东民和牧业股份有限公司会议室 | | 上市公司接待 | 证券事务代表：高小涛 | | | 人员姓名 | | | | 投资者关系 | 公司座谈 | | | 活动主要 | 一、当前市场和鸡苗情况 | | | 内容介绍 | | 之前年度行业自发削减产能的同时 ...

Group 1: Market Conditions - The current market situation for broiler chickens is improving due to a decrease in breeding stock caused by a decline in grandparent stock imports [1][3] - The industry has seen a reduction in domestic white feather broiler imports due to avian influenza outbreaks in major importing countries like the USA and France [1][3] - The prices of feed ingredients such as corn and soybean meal have decreased, leading to a gradual reduction in breeding costs [1] Group 2: Company Strategy - The company is moderately expanding its breeding stock scale in response to the recovering white feather broiler industry [3] - The market is currently in a pre-holiday incubation period, with chick production expected to gradually resume by the end of the month [3]

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 | 方正证券股份有限公司：程一胜 | | | 及人员姓名 | | | | 时间 | 2017 年 6 月 7 日 | | | 地点 | 山东民和牧业股份有限公司会议室 | | | 上市公司接待 | 证券事务代表：高小涛 | | | 人员姓名 | | | | 投资者关系 | 一、白羽肉鸡行业市场状况 | | | 活动主要 内容介绍 | | 之前年度行业自发削减产能的同时，美国、法国等主要引种 | | | | 地发生禽流感，突发事件 ...

Group 1: Market Conditions - The white feather broiler chicken industry experienced a rebound in early 2016, leading to increased breeding and forced molting behaviors in the industry [2][4] - Despite a significant reduction in grandparent stock imports, the overall scale of breeding stock did not decline noticeably due to a large number of replacements [4] - The supply of chick seedlings has increased since Q4 2016, leading to a decline in prices, while consumer confidence in chicken meat has been impacted by H7N9 cases [4] Group 2: Supply and Demand Dynamics - Major exporting countries for grandparent chickens in Europe and the U.S. have not resumed exports, resulting in a significant decrease in import volumes in 2015 and 2016 [4] - The decline in grandparent chicken imports will ultimately lead to a decrease in downstream supply, while consumer demand for chicken meat remains stable [4] Group 3: Cost Structure - The main costs for the company's commercial broiler chicks include feed, parent stock procurement, labor, medicine, depreciation, and utilities, with corn and soybean meal being significant components of feed costs [5] Group 4: 2017 Company Plans - In 2017, the company plans to steadily expand the breeding scale of parent stock and match the construction of hatcheries with breeding scale [5] - The company aims to accelerate the construction of commercial chicken farms to ensure a sufficient and safe supply of raw materials for its food business [5] - The company will manage inventory carefully to achieve better profitability while expanding the scale of cooked and processed foods based on market conditions [5]

Group 1: Market Conditions - The white feather broiler industry faced a reduction in domestic breeding due to avian influenza outbreaks in major importing countries like the US and France, leading to a decrease in breeding stock [2][3] - In 2016, the breeding market rebounded after previous years of low performance, with chick and broiler prices rising significantly [3] - Despite a significant reduction in breeding stock, the overall scale of breeding chickens did not decline due to increased replacement of parent stock [3] Group 2: Cost Structure - The main costs for the company's broiler chicks include feed, parent stock procurement, labor, medicine, depreciation, and utilities, with corn and soybean meal being significant components of feed costs [4] Group 3: Sales Channels - The company's chick sales are primarily concentrated in Shandong, Liaoning, and surrounding provinces, targeting large breeding enterprises and distributors [4] - Chicken products are sold nationwide, with major customers including fast food chains, group clients, and distributors [4] Group 4: 2017 Strategic Planning - In 2017, the company plans to steadily expand the breeding scale of parent stock and construct hatcheries to match production capacity [4] - The company aims to manage inventory effectively while ensuring food safety and meeting its slaughtering business needs [5] - There is a focus on expanding the scale of cooked and processed foods based on market conditions to prepare for further industry chain extension [5]

Group 1: Market Conditions - The white feather broiler industry experienced a rebound in early 2016, leading to increased breeding and forced replacement behaviors despite a significant reduction in grandparent stock imports [2][3] - The supply of chick seedlings has increased since the fourth quarter of the previous year, resulting in a decline in prices [3] - The occurrence of H7N9 human infection cases has negatively impacted consumer confidence in chicken meat, leading to a downturn in the industry [3] Group 2: Price and Cost Factors - The price of chick seedlings is influenced by various factors, including upstream imports and downstream consumer demand, making long-term price predictions challenging [4] - The main costs for the company in chick seedlings include feed, parent stock procurement, labor, medicine, depreciation, and utilities, with corn and soybean meal being significant components [4] Group 3: Sales Channels - The company's chick seedlings are primarily sold in Shandong, Liaoning, and surrounding provinces, targeting large breeding enterprises and distributors [4] - Chicken products are sold nationwide, with major customers including fast food chains, group clients, and distributors [4] Group 4: 2017 Company Plans - In 2017, the company plans to steadily expand the breeding scale of parent stock and match the construction of hatcheries with breeding capacity [5] - The company aims to manage inventory effectively and achieve better profitability while expanding the scale of cooked and processed foods based on market conditions [5]

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：2017-001 | --- | --- | --- | |--------------|----------------------------|-----------------------------------------| | | | | | | ■ | 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 | | 益海（烟台）粮油工业有限公司:王明辉 | | 及人员姓名 | | 益海（连云港）粮油工业有限公司 : 李晓威 | | | | 深圳市瑞克投资管理有限公司：肖朝江 | | | | 中国储备粮武汉直属库：王振辉 | | | | 上海鸿凯投资有限公司：胡声博 | | | | 新希望六和股份有限公司：吴文文 | | | 招商证券股份有限公司：周莎 | | | | | 武汉芝华商业数据分析有限公司：冯华 | | | | 武汉芝华商业数 ...