Group 1 - The company forecasts a net profit attributable to shareholders of 62.5 to 70.5 million yuan for H1 2025, representing a year-on-year increase of 167% to 201% [1] - In Q1 2025, the net profit attributable to shareholders is expected to be 28 million yuan, with Q2 projected to be between 34.5 to 42.5 million yuan, and a median estimate of 38.5 million yuan, indicating a year-on-year growth of 1144% [1] - The company's profit growth is primarily driven by an increase in the inventory of large-scale breeding companies through direct sales channels, leading to a significant rise in feed sales and revenue [1] Group 2 - The company plans to acquire equity in seven pig farming-related companies through a combination of issuing shares and cash payments, aiming to expand its business into the downstream breeding sector using a light asset model [1] - The company is expected to achieve rapid scale expansion by leveraging the existing production capacity and performance advantages of the acquisition targets, which will synergize with its feed business [1] - Revenue projections for 2025 to 2027 are estimated at 4.168, 4.802, and 5.160 billion yuan, with net profits attributable to shareholders of 164, 198, and 236 million yuan, corresponding to P/E ratios of 23.83, 19.76, and 16.57x, maintaining a "recommended" rating [2]