Zheng Quan Zhi Xing·2025-08-29 00:07Group 1: Wens Foodstuff Group (温氏股份) - The company has significantly improved pig farming costs in the first half of the year due to stable livestock production, effective disease control, increased market supply of pigs, enhanced breeding investments, and optimized feed formulations [1] - The company is actively promoting a three-year initiative called "Strong Technology and Quality Improvement," focusing on refined management and cost reduction in piglet and meat pig production [1] - As of June, the company's debt-to-asset ratio decreased to 50.6%, with a target to reduce it to around 45% [1] Group 2: Proya Cosmetics (珀莱雅) - The company plans to increase its cash dividend payout ratio to nearly 40% of net profit attributable to shareholders by the first half of 2025, aiming for sustainable and excellent dividends [2] - Proya is planning a Hong Kong stock listing to support global development, enhance brand image, and improve shareholder returns [2] - The gross profit margin for the first half of 2025 rose to 73.38%, while the sales expense ratio increased due to higher brand investments [2] Group 3: Dongwu Fund (东吴基金) - As of now, the total asset management scale of the company is 34.515 billion yuan, ranking 97th out of 210 in the public fund industry [3] - The best-performing public fund product in the past year is Dongwu Jiahe Advantage Selected Mixed C, with a latest net value of 1.56 and a growth of 119.34% over the past year [3]