HAID GROUP(SZ:002311) Xin Lang Cai Jing·2025-10-21 10:32Group 1 - The core viewpoint of the articles highlights the continuous growth in feed sales and the positive impact of the planned spin-off listing on the company's overseas development, maintaining a "buy" rating [1][2] Group 2 - In the first three quarters of 2025, the company's revenue reached 96.094 billion yuan, a year-on-year increase of 13.24%, with a net profit attributable to shareholders of 4.142 billion yuan, up 14.31% year-on-year [1] - The company's feed sales volume increased by 4.4 million tons, a year-on-year growth of 24%, with specific increases in aquaculture feed, pig feed, and poultry feed of 900,000 tons, 1.7 million tons, and 1.8 million tons respectively [1] - The company plans to spin off its subsidiary, Haida Holdings, for a listing on the Hong Kong Stock Exchange, which is expected to enhance its financing capabilities and overall valuation [2] - The projected net profit for Haida Holdings in 2024 is 755 million yuan, reflecting a year-on-year increase of 42% [2] - The company anticipates a stable growth in pig farming, with an estimated 6.4 to 6.5 million pigs to be sold in 2025 [1]