Core Insights - The article highlights the successful development of the Taihe black chicken industry, which combines medicinal, nutritional, and ornamental values, significantly boosting local economy and farmer income [1][2]. Group 1: Industry Overview - Taihe black chicken, known as "Bai Feng Xian Zi," has a breeding history of over 2200 years and is recognized as a national-level livestock protection breed [1]. - In 2024, the breeding volume of Taihe black chicken is expected to exceed 12.2 million birds, including 792,000 breeding chickens and 10.36 million market chickens, along with 72 million eggs sold [1]. Group 2: Quality Improvement and Market Expansion - To enhance quality and competitiveness, Taihe County has established a traceability system covering all production entities, allowing consumers to access detailed information about the chicken's lifecycle through QR codes [1]. - This transparency has enabled Taihe black chicken to enter high-end supermarkets like Hema Fresh and establish supply channels in the Guangdong-Hong Kong-Macao Greater Bay Area, with the total industry chain output value surpassing 7 billion RMB in 2024 [1]. Group 3: Ecological Farming Practices - The traditional "forest under chicken" farming method, recognized as an important agricultural cultural heritage in China, has been practiced for centuries, allowing chickens to be raised in gardens, fields, and orchards [2]. - In Wangpei Village, villagers are actively implementing this model, utilizing available land resources for chicken farming, which has become a new income source, with an average annual increase of over 8,000 RMB per household [6].

Core Viewpoint - Su Keng Agricultural Development plans to acquire 23 million shares of Jin Tai Yang Grain and Oil Co., representing 28.75% of its total shares, for an investment of 178 million yuan, increasing its stake from 51.25% to 80% to strengthen its controlling position [1][2] Company Overview - Jin Tai Yang Grain and Oil was established in 1949 and is located in Nantong, producing various types of edible oils, including sunflower seed oil and corn oil, with an annual production capacity of 100,000 tons of sunflower oil [1] - The company has developed a digital, intelligent, and automated production system, with capabilities including 1,000 tons of small packaging oil per day and 900 tons of refining capacity per day [1] Financial Performance - In Q1 2023, Jin Tai Yang Grain and Oil reported revenue of 547 million yuan and a net profit of 5.72 million yuan [2] - Su Keng Agricultural Development's revenue for 2024 was 10.917 billion yuan, a decrease of 10.28% year-on-year, with a net profit of 730 million yuan, also down 10.56% [3] - In Q1 2025, Su Keng Agricultural Development's total revenue was 2.133 billion yuan, down 8.70% year-on-year, and net profit was 82.42 million yuan, down 36.18% [3] Strategic Intent - The acquisition is part of Su Keng Agricultural Development's strategic layout and business development needs, aimed at optimizing resource allocation and improving operational decision-making efficiency [2] - The company emphasizes the need for a robust market risk management system and diversified procurement channels to mitigate market fluctuations [3]