Core Viewpoint - Wens Foodstuff Group has successfully integrated traditional agriculture with capital markets over the past decade, achieving significant growth and resilience despite industry challenges [3][30]. Group 1: Company Milestones - Wens Foodstuff Group celebrated its 10th anniversary of listing on the Shenzhen Stock Exchange on November 2, 2025, marking a significant milestone in its journey [3]. - The company has supplied a total of 43 million tons of poultry and livestock products over the past decade, equating to an annual supply of 6.1 pounds of meat per person in China [3]. - Wens achieved a revenue milestone of over 100 billion yuan, with a compound annual growth rate of 8.1% from 482.4 billion yuan to 1,049.2 billion yuan [30]. Group 2: Governance and Compliance - The company has implemented high standards of governance and compliance, resulting in a significant improvement in information disclosure quality, achieving an A-level rating from 2018 onwards [7][8]. - Wens has maintained a zero compliance record since its listing, setting a governance benchmark for agricultural enterprises [7][8]. - The company has conducted regular training for key personnel on regulatory policies, ensuring that governance principles are deeply ingrained within the organization [7]. Group 3: Industry Challenges and Responses - The African swine fever outbreak in 2018 led to unprecedented challenges in the pig farming industry, with Wens experiencing its first annual loss post-listing [9][10]. - In response to the crisis, Wens focused on biosecurity measures and halted new pig farm constructions to stabilize cash flow and production [10][12]. - The company successfully raised $600 million through overseas bonds and 9.297 billion yuan through convertible bonds, enhancing its financial resilience during downturns [10][12]. Group 4: Technological and Strategic Innovations - Wens has embraced digital transformation by integrating cloud computing, IoT, big data, and AI into its farming processes, enhancing operational efficiency [20][22]. - The company has established the world's largest live breeding resource bank for lean pigs, breaking foreign monopolies in breeding technology [22]. - Wens has invested 6.64 billion yuan in green development initiatives, significantly reducing carbon emissions and promoting sustainable practices [25][30]. Group 5: Financial Performance and Shareholder Returns - Wens has distributed a total of 28.12 billion yuan in cash dividends over 14 occasions, maintaining a dividend payout ratio of 60.1% [30][31]. - The company has successfully executed multiple capital operations, including the issuance of bonds and strategic acquisitions, to strengthen its market position [31][32]. - Wens has implemented several employee incentive plans, benefiting over 17,164 individuals and fostering a culture of shared success [32][33]. Group 6: Future Outlook - Wens aims to continue its focus on the agricultural sector, positioning itself as a leader in meat, egg, and dairy products in China [34]. - The company plans to enhance its brand "Wens Food" and prioritize consumer needs and services in its future strategies [34]. - Wens is committed to achieving its vision of becoming a century-old enterprise, ensuring that its partners and stakeholders thrive alongside its growth [34].