Group 1: Company Overview - Yisheng Co., established in 1989, has maintained the largest scale of chicken breeding in China for over a decade, accounting for approximately 1/3 of the domestic market share in grandparent meat chicken breeding [2] - The company is the largest grandparent meat chicken breeding enterprise in Asia, focusing on high-generation poultry source supply as its core competitiveness [2] Group 2: Industry Developments - The company is expanding its breeding operations in both chicken and pig industries to enhance its risk resistance and profitability [3] - The introduction of the new chicken breed, Yisheng 909, has been successful, with plans to increase its production capacity to 300 million by the end of the 14th Five-Year Plan [4] Group 3: Market Challenges and Responses - The avian influenza outbreak in Alabama has not affected the company's grandparent chicken imports [3] - The company anticipates a decrease in the supply of parent generation chicken due to the ongoing avian influenza and flight issues, leading to a significant price increase for parent generation chicken [3] Group 4: Future Outlook - With the easing of pandemic restrictions, there is an expected increase in demand for white feather chicken meat, positively impacting the chicken seedling market [4] - The company plans to have a breeding stock of 12,000 original pigs and provide 100,000 original pigs annually, aiming to become a leading player in the domestic pig breeding industry [4]

Group 1: Investor Relations Activities - The investor relations activities included specific object research, analyst meetings, media interviews, performance briefings, and roadshows [2][3] - Participants included representatives from various investment firms such as Changjiang Securities, Shanghai Liuhe Investment, and CITIC Securities [2] Group 2: Project Progress and Capacity Release - The Baquanling joint venture project focuses on broiler breeding and processing, leveraging local advantages to enhance capacity and market share [3] - Two fundraising projects have been put into operation and are releasing capacity [3] - The Suining project, with a target of 900,000 sets, is under construction and has partially commenced production [3] - The Suqian COFCO project is partially operational, with expected product output in the second half of the year [3] - The Heilongjiang Yisheng and Anhui Xiaoxian projects are in normal production [3] Group 3: Industry Trends and Product Pricing - There has been a recent increase in the prices of commercial broiler chicks and parent stock chicks [3] Group 4: Development Strategy - The strategy includes stabilizing and increasing market share in the chick market [3] - The company aims to integrate resources to strengthen the Chinese broiler industry [3] Group 5: Product Value Addition - The focus is on moderately extending the upstream and downstream industrial chain to reduce industry volatility risks and enhance product value [4]

Group 1: Investor Relations Activities - The company engaged in specific investor research activities, including meetings with analysts and media interviews [2] - Various securities firms participated in the investor relations activities, including Huachuang Securities and Changjiang Securities [2] Group 2: Industry Overview - There are currently 13 companies in China involved in the breeding of grandparent meat chickens, with a total of 1.1568 million sets introduced in 2014; Yisheng introduced 313,000 sets [3] - The introduction of grandparent meat chickens in the first half of 2015 significantly decreased compared to the same period in 2014, indicating a shift in supply and demand dynamics in the poultry industry [3] Group 3: Company Development Strategy - The company's strategic direction is described as "linking upstream, extending downstream, and expanding in the middle," focusing on breeding and potential overseas collaborations [3] - The company plans to enhance its capital market presence and collaborate with related industries [4] Group 4: Promotion of Broiler Chickens - White feather broilers are recognized for their rapid growth, high feed-to-meat ratio, and superior meat quality, making them popular globally [4] - The promotion of white feather broilers is essential for consumer education, as many consumers lack understanding of this breed's advantages [5] - The nutritional benefits of white feather broilers include lower fat content compared to other meats, making them a healthier choice [5]

证券代码：002458 证券简称：益生股份 山东益生种畜禽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 | | | 中信证券股份有限公司：刘洋 | | | | 富国基金管理有限公司：王园园 | | | 参与单位名称及 | 宝盈基金管理有限公司：杨思亮 | | | 人员姓名 | | 上海尚阳投资管理有限公司：王永明 | | | | 上海申银万国证券研究所有限公司：叶洁 | | | | 上海申银万国证券研究所有限公司：赵金厚 | | | 嘉实基金管理有限 ...

Group 1: Investor Relations Activities - The company engaged in specific investor research activities, including meetings with various fund management companies such as Huatai-PineBridge and Galaxy Fund Management [1][2] - Notable participants in the investor relations activities included representatives from Galaxy Fund Management and China International Capital Corporation [2][3] Group 2: Industry Overview - In 2015, approximately 700,000 sets of grandparent stock broilers were introduced domestically [3] - The poultry breeding industry is undergoing a transformation with improved supply-demand relationships and adjustments in production structure [3] Group 3: Company Development Strategy - The company aims to seek cooperation with domestic and international grandparent breeding enterprises while increasing the production capacity of commercial broiler chicks [3] - Plans to leverage capital markets to create a collaborative platform for industry advancement [3] Group 4: White Feather Broiler Industry - White feather broilers are recognized for their high production speed, feed-to-meat ratio, and meat quality, making them popular globally [3][4] - The consumption of white feather chicken meat remains the highest in Europe, America, and Japan, indicating its significant market presence [3] Group 5: Sustainability Initiatives - The company emphasizes advantages in resource conservation, including savings in feed, land, water, and emissions [4] - Collaborative promotional activities are being organized to enhance consumer awareness of the benefits of white feather chicken products [4]