牧原股份：公司三季度末的资产负债率相比二季度末有一定程度下降

Core Viewpoint - The company has successfully reduced its debt level, surpassing its initial target for the year, and is adopting a cautious approach to ensure cash flow stability moving forward [1] Group 1: Financial Performance - The company announced a completion of 5 billion yuan in equity distribution in October [1] - The asset-liability ratio at the end of Q3 has decreased compared to the end of Q2 [1] - The company has exceeded its annual target of reducing total liabilities by 10 billion yuan [1] Group 2: Future Strategy - The company has not set specific debt reduction targets for Q4 and next year, opting for a more prudent operational strategy [1] - The focus will be on ensuring sufficient and secure cash flow in the current market conditions [1] - Long-term plans include continuing efforts to lower the asset-liability ratio to below 50%, with progress dependent on annual operational performance [1]