Group 1: Financial Performance Overview - The company achieved a revenue of 13.493 billion CNY for the first nine months of 2025, with 5.140 billion CNY in the third quarter [2] - The net profit attributable to shareholders for the first nine months was 287 million CNY, with 138 million CNY in the third quarter [2] - The company's performance showed fluctuations due to a year-on-year decline in product prices despite stable operations in its yellow feathered chicken and pig farming segments [2] Group 2: Cost Management and Market Outlook - The complete cost of yellow feathered chicken in the third quarter rose to approximately 11.4 CNY/kg due to increased feed raw material costs and prolonged high-temperature weather [3] - The yellow feathered chicken market began to recover from a low point in June and July, with profitability maintained since August [3] - The pig farming segment's production cost was around 12.6 CNY/kg in the third quarter, decreasing to 12.3 CNY/kg in September, with a target of 12 CNY/kg by year-end [3] Group 3: Production Capacity and Strategic Goals - The company has established an annual slaughter capacity of 150 million yellow feathered chickens, aiming for a slaughter target of 100 million chickens in 2025 [3] - Efforts are being made to enhance production efficiency and reduce processing costs while expanding the fresh chicken market [3]