证券代码：立华股份 证券简称：300761 江苏立华牧业股份有限公司 投资者关系活动记录表 编号：20190509 | --- | --- | --- | |--------------|-----------------------------|------------------------------------------------------------| | | | 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 | 中信建投：花小伟、孙金琦 | | | 及人员姓名 | | | | 时间 | 2019 年 5 月 9 日 | | | 地点 | 公司行政楼 303 | 会议室 | | 上市公司接待 | | 公司董事会秘书虞坚、证券事务代表沈晨 | | 人员姓名 | | | | 投资者关系活 | Q&A 环节 | | | 动主要内容介 | 1 、请问公司 2019 | 年一季度黄羽鸡销售价格同比下降的原因？ ...

Group 1: Financial Performance and Projections - The company expects a 5%-10% increase in the output of yellow-feathered chickens in 2019 [4] - The cost of yellow-feathered chickens is approximately 5.3 RMB per jin, with feed being the main component of the cost [3] - The company anticipates a certain growth in yellow-feathered chicken prices in Q2 compared to Q1 due to multiple influencing factors [2] Group 2: Business Strategy and Operations - The company employs a "company + cooperative + farmer" model for yellow-feathered chicken and meat goose farming, providing comprehensive support to farmers [4] - The pig farming segment is expected to increase its relative weight in the future, despite yellow-feathered chickens currently accounting for over 90% of total sales [3] - The company is cautious about capacity expansion, considering regional development conditions and consumer demand [3] Group 3: Market Dynamics and Competitiveness - Chicken meat has a certain degree of substitutability for pork, with differences in consumer demand among various chicken types [3] - The company is primarily focused on live chicken sales, with slaughtering volumes currently being low, but plans to extend its industry chain into slaughtering and food processing [5] - The company has established an ERP control system to optimize business processes and manage risks, alongside developing an IoT and big data analysis platform for automated and intelligent farming [5]

证券代码：立华股份 证券简称：300761 江苏立华牧业股份有限公司 投资者关系活动记录表 编号：20190313 | --- | --- | --- | |--------------|------------------------------------------------|-------------------------------------------------------------------------------------------| | | | | | | | 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 | | 广发资管-岳云帆；鹏华基金-李京朋；嘉实基金 - 姚爽；博时基金 - 蔡滨、蒋 | | 及人员姓名 | 娜、王诗瑶、陈雷；银河基金 券 - 刘菲；海通证券 | - 神玉飞、施文琪；天风证券-魏振亚；西部证 - 丁频；招商证券 - 雷轶等 23 名机构投资者。 | | | | | ...

证券代码：300761 证券简称：立华股份 江苏立华牧业股份有限公司 投资者关系活动记录表 编号：20201111 | --- | --- | --- | |--------------|----------------------------|-----------------------------------------------------------------------------------------------------------------------------| | | | | | | R | 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 | | | | 兴业证券策略会（线上交流） | | | | 兴业证券 - | 陈娇、毛一凡、闾亚、曹心蕊；华宝基金-陆恒；银河基金-神玉 | | 参与单位名称 | 飞、施文琪；中信建投基金 | - 孙文；中庚基金 - 张炜舜；国泰基金-胡松；平 | | 及人员姓名 | | 安养老-朱丽丽；建信保险资管- ...

证券代码：300761 证券简称：立华股份 江苏立华牧业股份有限公司 投资者关系活动记录表 编号：20201117 | --- | --- | --- | |--------------|--------------------------|------------------------------------------------------------------------------------| | | | | | | R | 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 | | | | | 一、中信证券策略会（线上交流） | | | | 海宸投资-高恺阳、华夏久盈-赵丽明、明达资产 - 彭渝。 二、方正证券策略会（线上交流） | | 参与单位名称 | | 方正证券-程一胜、交银施罗德基金-张雪蓉、万家基金 - 邱庚韬、上投摩根基 | | 及人员姓名 | 金-黄亚森、大摩华鑫基金 | - 司巍、德邦基金 - 陈国栋、平安资管-郑有为、新华 | | | 资产 ...

证券代码：300761 证券简称：立华股份 江苏立华牧业股份有限公司 投资者关系活动记录表 编号：20201229 | --- | --- | --- | |--------------|---------------------------|--------------------------------------------------------------------| | | | | | | R 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 | | | | 一、大成基金线上交流会 | | | | 大成基金-李燕宁、齐炜中 | | | | 二、长江证券线上交流会 | | | 参与单位名称 | 长江证券 - | 顾幌乾；大家资管-胡筱；万家基金-邱庚韬；银河基金-神玉 | | 及人员姓名 | | 飞；中金汇理-刘晨；华商基金-常宁；淡水泉 - 俞仁钦；点钢投资-鲁迪； | | | 民生加银-孙常蕾；渤海人寿 | - 王新亮；合煦智远-程卉超；华融基金-陈 ...

Financial Performance - In the first three quarters of 2021, the company achieved a revenue of 7.976 billion yuan, representing a year-on-year growth of 36.13% [2] - The net profit for the same period was -604 million yuan, a significant decline of 596.35% compared to the previous year [2] - The company sold 273 million live chickens, marking an 18.53% increase year-on-year [2] Cost and Profitability Challenges - High feed raw material costs and relatively low sales prices have pressured the profitability of the poultry segment [2] - The pig farming sector faced substantial losses due to a significant drop in domestic pig prices [2] - The company made a provision for inventory impairment of approximately 340 million yuan, primarily related to the decline in the value of live pigs [2] Future Plans and Developments - The company aims to achieve a production capacity of 3 million pigs by 2025, currently maintaining a breeding stock of 30,000 to 40,000 sows [3] - The focus for the pig farming segment will be on reducing production costs and preparing talent to meet future goals [3] - The company has terminated its convertible bond application and plans to raise funds through a private placement to its controlling shareholder to support regional business expansion and slaughterhouse upgrades [3]

编号：20210124 证券代码：300761 证券简称：立华股份 江苏立华牧业股份有限公司 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 ：中信证券电话会议 | | | | ...

Group 1: Business Growth and Future Plans - The company aims to maintain an annual growth rate of around 10% in the yellow feather chicken breeding sector [4] - The fresh poultry processing capacity is expected to account for approximately 50% of total output in the next five years [4] - By 2025, the company plans to achieve an annual output of around 3 million marketable pigs [4] Group 2: Financial Performance - In 2021, the company achieved a revenue of 11.132 billion yuan, representing a year-on-year growth of 29.12% [4] - The net profit attributable to shareholders was a loss of 396 million yuan, influenced by rising raw material costs and industry cyclicality [4] - Inventory impairment and credit impairment accounted for 120 million yuan of the losses [4] Group 3: Product and Market Strategy - The main products include yellow feather meat chickens, market pigs, and geese, with yellow feather chicken accounting for over 90% of revenue [4] - The company is actively expanding online and offline sales channels for yellow feather chicken, collaborating with major e-commerce platforms [4] Group 4: Cost Management Measures - The company is optimizing procurement strategies to manage rising raw material costs, including participating in government grain auctions [5] - It is evaluating unconventional feed materials to mitigate the impact of high corn prices [5] - Enhancements in farming techniques and automation are being implemented to further reduce production costs [5] Group 5: Unique Product Offerings - The "Snow Mountain" series is a unique breed of yellow feather chicken, known for its tender meat and rich flavor, produced through a semi-free-range farming model [6] - The company plans to replicate its successful business model in other regions to expand production scale [6]

Group 1: Cost and Pricing Impact - The cost of raising yellow feather chickens is significantly affected by feed prices, which typically account for over 70% of the total cost [2] - The current cost of raising yellow feather chickens has risen to approximately 6.8 yuan per kilogram due to increased raw material prices [2] Group 2: Business Development and Future Plans - The yellow feather chicken segment is expected to maintain an annual growth rate of around 10%, with plans to expand market share in Central, South, and Southwest China [2] - The company aims to complete a slaughter capacity of 40-50 million yellow feather chickens this year, targeting 50% of slaughter capacity by 2025 [3] - In 2021, the company raised 412,500 market pigs, a year-on-year increase of 123%, with plans to reach an annual output of 3 million market pigs by 2025 [3]