Group 1: Industry Overview - There are currently 13 companies in China engaged in the breeding of grandparent meat chickens, with a total of approximately 710,000 sets introduced nationwide in 2015, of which Yisheng introduced about 230,000 sets [3] - The poultry industry is characterized by significant cyclicality, experiencing a downturn since 2013 due to factors such as "fast-growing chickens," "avian influenza," and overcapacity [3] - The introduction of grandparent meat chickens in China has significantly decreased in 2015 compared to the same period in 2014, influenced by international trade restrictions [3] Group 2: Company Development Strategy - The company's strategic direction is described as "linking upstream, extending downstream, and expanding in the middle," focusing on breeding grandparent stock and seeking potential collaborations with overseas breeding enterprises [3] - The company plans to stabilize and increase sales of parent stock while also expanding into the market for commercial chicks [3] Group 3: Product Promotion - White feather meat chickens are recognized for their high production speed, feed-to-meat ratio, and quality, making them the most consumed chicken variety in Europe, the U.S., and Japan [4] - The company aims to educate consumers about white feather meat chickens, which can be marketed at around 40 days old, achieving a weight of over 5 kg, despite not reaching sexual maturity [4] - Collaborative promotional activities are being organized with other industry players to enhance consumer understanding and promote the healthy development of the white feather meat chicken industry in China [4] Group 4: Employee Stock Ownership Plan - The employee stock ownership plan has been completed, with employees holding a total of 31 million shares, purchased at an average price of 31.27 yuan, totaling 991,189 shares of the company's stock [4]

投资者关系活动记录表 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 编号：2016-002 | --- | --- | --- | --- | --- | |----------------|----------------------------------|----------------------------------|-------|--------| | | | | | | | | ■ 特定对象调研 | □ 分析师会议 | | | | | □ 媒体采访 | □业绩说明会 | | | | | □新闻发布会 | □路演活动 | | | | | □ 现场参观 | □一对一沟通 | | | | 投资者关系活动 | □其他 （请文字说明其他活动内容） | | | | | | 国泰君安证券股份有限公司 | | | 王乾 | | 类别 | 国泰君安证券股份有限公司 | | | 钱浩 | | | 方正证券股份有限公司 | | | 刘育华 | | | 红土创新基金管理有限公司 | | | 陈方园 | | | 建信基金管理公司 | | | 刘克飞 | | | 巨杉资产 ...

投资者关系活动记录表 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 编号：2016-004 | --- | --- | --- | --- | --- | |----------------|----------------------------------|----------------------------------|-------------|--------| | | ■ 特定对象调研 | □ | 分析师会议 | | | | □ 媒体采访 | | □业绩说明会 | | | | □新闻发布会 | | □路演活动 | | | 投资者关系活动 | □ 现场参观 | | □一对一沟通 | | | 类别 | □其他 （请文字说明其他活动内容） | | | | | | 诺安基金管理有限公司 | | | 张 强 | | | 统一证券投资信托股份有限公司 | | | 林川钦 | | | 统一证券投资信托股份有限公司 | | | 林玉珠 | | 时间 | | 2016 年 5 月 12 日 | | | | 地点 | | 山东益生种畜禽股份有限公司会议室 | | | ...

Group 1: Company Overview - Yisheng Co., established in 1989, is the largest ancestor meat chicken breeding enterprise in China and Asia, holding approximately 33% of the domestic market share for ancestor meat chickens [3] - The company also has a significant presence in the market for commercial broiler chicks, accounting for about 10% of the domestic market [3] Group 2: Market Trends and Pricing - Recent decline in chick prices is attributed to the holiday season affecting slaughterhouses, leading to a temporary halt in hatching [3] - The price of parent broiler chicks has increased due to supply-demand dynamics, with a notable shortage in ancestor white feather broiler imports since May, resulting in a projected high market demand for the next year [3][4] - Chicken meat consumption has risen from 20.9% of total meat consumption in 2010 to nearly 30% currently, driven by health trends and the growth of the takeaway and prepared food industries [3] Group 3: Production and Capacity - The company produced over 500 million commercial broiler chicks in 2022, with the new Yisheng 909 breed expected to reach an output of over 300 million by the end of the 14th Five-Year Plan [4] - The company plans to significantly increase the production capacity of the Yisheng 909 breed, which has shown superior performance in terms of meat yield and disease resistance [4] Group 4: Challenges and Strategic Responses - The rise in feed raw material prices impacts production costs, with feed costs accounting for approximately 70% of total costs in commercial chicken farming [5] - The company has adapted its farming practices to mitigate the impact of rising feed costs, including transitioning from free-range to cage farming to enhance efficiency [5] - Future plans include importing ancestor meat chickens, contingent on international supply conditions affected by avian influenza [4]

投资者关系活动记录表 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 编号：2017-001 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|----------------------------------|----------------------------------|-------|-------------|-------|--------------|-------|-------| | | | | | | | | | | | | ■ 特定对象调研 | □ | | 分析师会议 | | | | | | | □ 媒体采访 | | | □业绩说明会 | | | | | | | □新闻发布会 | □路演活动 | | | | | | | | | □ 现场参观 | | | □一对一沟通 | | | | | | | □其他 （请文字说明其他活动内容） | | | | | | | | | 投资者关系活动 | 长江证券股份有限公司 | | | | | 余昌、姚雪梅 ...

投资者关系活动记录表 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 编号：2020-001 | --- | --- | --- | --- | --- | |----------------|-------------------------------------|--------------------------|----------------------------------|------------| | | | | | | | | ■ 特定对象调研 | □ | | 分析师会议 | | | □ 媒体采访 | | □业绩说明会 | | | | □新闻发布会 | | □路演活动 | | | | □ 现场参观 | | □一对一沟通 | | | | □其他 （请文字说明其他活动内容） | | | | | 投资者关系活动 | 方正证券 | | | 程一胜 | | 类别 | 方正证券 | | | 王明绮 | | | 新华基金 | | | 夏旭 | | | 东方阿尔法基金 | | | 孙振波 | | | 裕晋投资 | | | 邵仕威 | | | 宽谭资本 | | ...

Group 1: Industry Overview - The white feather broiler industry is experiencing an upward trend, with recovery in market conditions and an increase in price levels [3] - The number of grandparent stock imports has been below 750,000 sets for three consecutive years, indicating a supply shortage [3] - The forced replacement of parent stock in 2017 was significantly lower than in 2016, particularly in the fourth quarter, leading to a decline in parent stock inventory [3] Group 2: Company Performance - The company is currently operating normally, benefiting from reduced grandparent stock imports and accelerated capacity reduction of parent stock [4] - The production volume of commercial broiler chicks is on the rise, with significant increases expected in 2018 [4] - The company is the only domestic enterprise with great-grandparent broiler stock, which has reached full production capacity, meeting market demand [4] Group 3: Strategic Development - The company focuses on "livestock and poultry breeding" as its core competitive advantage, actively seeking partnerships with domestic and international breeding institutions [5] - The company aims to expand its breeding scale and enhance product quality through advanced technologies in breeding, production, and disease prevention [5] - The company plans to integrate upstream and downstream industry chains to reduce market volatility risks and enhance core competitiveness [5] Group 4: Market Potential - White feather broilers are recognized for their fast growth, high feed-to-meat ratio, and superior meat quality, making them popular globally [6] - The consumption of white feather broiler meat is leading in Europe, the United States, and Japan, highlighting its market significance [6] - The company is actively promoting white feather broiler products to enhance consumer awareness and drive sustainable industry development [6]

投资者关系活动记录表 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 编号：2019-007 | --- | --- | --- | --- | --- | |----------------|----------------------------------|----------------------------------|-------|--------| | | | | | | | | ■ 特定对象调研 | □ 分析师会议 | | | | | □ 媒体采访 | □业绩说明会 | | | | | □新闻发布会 | □路演活动 | | | | | □ 现场参观 | □一对一沟通 | | | | | □其他 （请文字说明其他活动内容） | | | | | 投资者关系活动 | 长江证券股份有限公司 | | | 姚雪梅 | | | 上海南土资产管理有限公司 | | | 范自彬 | | 类别 | 大成基金管理有限公司 | | | 谢家乐 | | | 大成基金管理有限公司 | | | 魏庆国 | | | 大成基金管理有限公司 | | | 王晶晶 | | | 大成基金 ...

投资者关系活动记录表 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 编号：2017-002 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|----------------------------------|----------------------------------|-------|-------|-------|--------|-------|-------| | | | | | | | | | | | | ■ 特定对象调研 | □ 分析师会议 | | | | | | | | | □ 媒体采访 | □业绩说明会 | | | | | | | | | □新闻发布会 | □路演活动 | | | | | | | | | □ 现场参观 | □一对一沟通 | | | | | | | | | □其他 （请文字说明其他活动内容） | | | | | | | | | 投资者关系活动 | 长江证券股份有限公司 | | | | | 姚雪梅 | | | | 类别 | 中国 ...

编号：2020-002 投资者关系活动记录表 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 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系 | □新闻发布会 □路演活动 | | | 活动类别 | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位 | | 中国国际金融股份有限公司 孙扬、张宇茜 | | | | 富敦投资管理（上海）有限公司 王宇轩 | | 名称及人员姓名 | 大家资产管理有限责任公司 胡筱 | | | 时间 | 2020 年 9 月 11 | 日 下午 | | 地点 | | 山东益生种畜禽股份有限公司会议室 | | 上市公司 | | 副总裁、董事会秘书兼财务总监：林 杰 | | 接待人员姓名 | 证券事务代表：李 玲 ...