Shennong Group(SH:605296) Mei Ri Jing Ji Xin Wen·2025-06-21 00:24Core Viewpoint - Shennong Group is expanding its piglet projects with a total investment of 550 million yuan, aiming to enhance its main business capabilities and increase market share in the pig farming industry [1][2]. Investment Projects - The company announced three piglet projects: 1. Wenshan Shennong Pig Industry Development Co., Ltd. with an investment of 280 million yuan for a 450,000 piglet breeding base 2. Wenshan Shennong Pig Industry Development Co., Ltd. with an investment of 150 million yuan for a 240,000 piglet breeding base 3. Guangxi Daxin Shennong Animal Husbandry Co., Ltd. with an investment of 120 million yuan for a pig farm producing 180,000 piglets annually - The total investment for these projects is 550 million yuan, with construction periods ranging from 8 to 9 months [2][3]. Production Capacity - The new piglet projects will add approximately 870,000 piglets, corresponding to about 30,000 breeding sows, with plans to increase sow capacity by 40,000 to 50,000 heads annually in 2025 and 2026 [1][3]. Cost Management - Shennong Group's pig farming cost has decreased to 12.3 yuan per kilogram as of April, with a target to keep it below 12 yuan per kilogram in the future [4][5]. - The company aims to control its total breeding cost to around 14 yuan per kilogram in 2024, down from approximately 16.2 yuan per kilogram in 2023 [5]. Future Goals - The company has set a target to increase its breeding sow stock to 160,000 by the end of 2025, with a goal of producing 3.2 to 3.5 million pigs in 2025 and over 5 million pigs by 2027 [4][5].