Muyuan Foods (SZ:002714) Zheng Quan Ri Bao·2025-07-22 16:45Core Viewpoint - Muyuan Foods Co., Ltd. is redefining the global competitiveness of China's livestock industry through a series of technological innovations, including independent breeding systems and synthetic biology to alleviate "soybean meal anxiety" [1][2] Group 1: Independent Breeding - China is the world's largest pork consumer, making pig breeding crucial for stabilizing meat supply [3] - Muyuan has focused on pig breeding since 1998, achieving significant breakthroughs in growth speed and litter size, with pig output increasing from 1.859 million in 2014 to approximately 71 million in 2024 [4] - The company has adopted a revolutionary two-way breeding system that eliminates the need for expensive grandparent pigs, significantly improving breeding efficiency and reducing costs [4] Group 2: Cost Reduction - The feed cost constitutes about 60% of total costs in pig farming, with soybean meal accounting for approximately 13% of feed [6] - To reduce reliance on imported soybeans, Muyuan has partnered with West Lake University and Element Driven (Hangzhou) Biotechnology to create a platform for producing amino acids through synthetic biology, with an annual production capacity of 30,000 tons [6][7] - The company has reduced the proportion of soybean meal in its feed to 7.3% in 2024, well below the industry average, and aims to achieve "soybean-free" farming [7] Group 3: Smart Technology Application - Muyuan has reduced its total pig farming costs from 13.1 yuan/kg at the beginning of the year to 12.1 yuan/kg by June, with future targets aiming for costs as low as 10 yuan/kg [9] - The company employs smart technologies such as IoT, AI, big data, and cloud computing for environmental control, precise feeding, and health monitoring in pig farming [10][11] - In 2024, Muyuan signed a strategic cooperation agreement with BAF Vietnam Agricultural Joint Stock Company, marking its first step into overseas markets [11][12]