Core Viewpoint - Guanghong Holdings held an online performance briefing on September 19, 2023, to address investor inquiries regarding the company's business strategies and growth prospects [1] Group 1: Business Growth Initiatives - The company aims to boost sales through two main strategies: enhancing product value and brand influence via technological empowerment and independent innovation, exemplified by the successful breeding of "Guanghong No. 3" broiler chickens [2] - The company plans to deepen regional market penetration, particularly in county-level specialty industries, by collaborating with local enterprises to create sustainable ecological models and expand into campus and corporate meal delivery markets [2] Group 2: Synergy Among Business Segments - The company highlighted the synergy among its business segments through the "mixed ingredient sales" model, which exemplifies the integration of the supply chain [3] - In the Xinyi campus meal delivery project, the company has begun supplying its own poultry products, and as the slaughtering business improves, related products will be included in the supply system [3] Group 3: Strategic Quantification of the "Big Food Industry" Sector - The company plans to establish a comprehensive "Big Food Industry" strategy by covering the entire industry chain from breeding to sales, aiming for a poultry seedling production capacity of 120 million by 2028, with 15 million quality meat chickens to be processed and a cold chain logistics capacity of 51,000 tons [4] Group 4: "Guanghong No. 3" Broiler Chicken Development - The company has implemented three innovative measures in the development of "Guanghong No. 3" broiler chickens, focusing on targeted technical collaboration based on breed cultivation and market demand, as well as talent development [5] - The successful breeding of "Guanghong No. 3" is supported by the advantages accumulated by Nanhai Poultry, a core breeding farm, which has improved hatchability to 89.93% and the selection rate of quality seedlings to 93.24% [5] Group 5: Trends in the Cold Chain Logistics Industry - The cold chain logistics industry is expected to see trends towards intelligence, greening, and internationalization by the first half of 2025, with a projected total demand for food cold chain logistics reaching 192 million tons, a year-on-year increase of 4.35% [6] - The industry is accelerating its green transformation, integrating energy-saving renovations of cold storage with technologies like AI and blockchain [6]

Group 1: Business Growth Strategies - The company aims to boost sales through technological empowerment and independent innovation, enhancing product value and brand influence [3] - Expansion in regional market layout, particularly in county-level specialty industries, through partnerships with local enterprises to improve delivery coverage and profitability [3] - The "Great Food Industry" strategy focuses on increasing the proportion of high-value food processing and terminal distribution in revenue structure [4] Group 2: Synergy Among Business Segments - The synergy among business segments is a core strategic advantage, with the "mixed food sales" business exemplifying the integration of the supply chain [4] - The company utilizes its own poultry products in projects like campus meal delivery, enhancing resource allocation and cost control through an information system [4] Group 3: Product Innovations and Achievements - The "Guanghong No. 3" chicken has achieved significant milestones, including a feed conversion ratio reduction of 0.13 and a feed savings of 51,000 tons annually if 200 million chickens are promoted [6] - The successful breeding of "Guanghong No. 3" is supported by 40 years of experience in poultry breeding and the establishment of a comprehensive breeding base [5] Group 4: Cold Chain Logistics Trends - The cold chain logistics industry is experiencing growth, with a projected demand of 1.92 million tons in 2025, reflecting a year-on-year increase of 4.35% [5] - The industry is moving towards intelligent, green, and international trends, with a focus on energy-efficient cold storage and the integration of AI and blockchain technologies [5] Group 5: Mixed Food Sales Overview - The mixed food sales business encompasses a full range of 20 categories, including grains, meat, poultry, seafood, vegetables, fruits, and condiments, serving over 60,000 students and staff in Xinyi [4][6]

Core Viewpoint - The Chinese poultry breeding industry has made significant progress over the decades, transitioning from complete reliance on imports to becoming a key player in the international market, exemplified by the export of 15,500 breeding chickens to Tanzania in 2023, marking a historic milestone in China's breeding exports [1] Industry Development - The industry has evolved from "bringing in" to "going out," indicating a shift towards self-sufficiency and international engagement [1] - The phrase "for every two eggs consumed by Chinese people, at least one is sourced from the 'Jing' series in Yuko" highlights the domestic impact and quality of Chinese poultry breeding [1] International Expansion - The Belt and Road Initiative has facilitated the export of Chinese breeding chickens, with countries involved in the initiative expressing increasing demand for high-quality poultry breeds [1] - The successful export to Tanzania is seen as a benchmark for future international trade in poultry genetics, showcasing China's capability to meet both domestic and international market needs [1]

Core Insights - The "Guanghong No. 3" small white chicken breeding system has been officially recognized as a new breed by the National Animal Genetic Resources Committee, marking a significant advancement in China's poultry industry [1][2][3] - This new breed is expected to contribute to the growth of the chicken meat market, with an estimated 2.48 billion small white chickens projected to be marketed in 2024, accounting for approximately 20% of the total chicken meat production in China [1][3] Industry Development - Guangdong province is enhancing its poultry breeding capabilities, with over 40 new poultry breeds providing a strong foundation for diversified chicken breed selection [3][6] - The successful development of "Guanghong No. 3" is attributed to clear market breeding goals focusing on feed efficiency, growth rate, and meat quality, supported by strong scientific research and collaboration with leading agricultural universities [3][5] Technological Innovation - The breeding system combines traditional breeding methods with modern molecular breeding techniques, resulting in a product that has superior quality, feed efficiency, and innovative characteristics [2][6] - The new breed has a lower feed conversion ratio by 0.13, saving approximately 51,000 tons of feed annually if 200 million chickens are marketed each year [6] Market Potential - "Guanghong No. 3" is positioned to enhance the economic benefits for farmers and enterprises due to its high-quality characteristics and market competitiveness [6][7] - The Guangdong provincial government is committed to supporting the continuous innovation and commercialization of poultry breeding technologies, aiming to achieve significant agricultural output growth [7]

Core Viewpoint - The launch of the "Guanghong No. 3" small white chicken variety marks a significant advancement in China's poultry breeding industry, being the first to introduce yellow-feathered chicken lineage for breeding a high-quality small white feathered chicken variety, which is expected to enhance the poultry industry's quality and efficiency in Guangdong province [2][14][40]. Group 1: Event Overview - The "Guanghong No. 3" small white chicken variety was officially launched on September 10, 2025, in Guangzhou, with key figures from the Guangdong Provincial Agricultural and Rural Affairs Department and other organizations present [2][4][5]. - The event was hosted by Chen Dong, Deputy Director of the Guangdong Provincial Agricultural and Rural Affairs Department, and included speeches from various officials and experts [6][20][105]. Group 2: Breeding and Development - The "Guanghong No. 3" small white chicken is recognized as China's first innovative small white feathered chicken variety that incorporates yellow-feathered chicken lineage, developed through a collaboration between state-owned enterprises and South China Agricultural University [15][18][40]. - The breeding process involved multiple stages, including initial trials, technical breakthroughs, and national approval, showcasing a decade-long effort to achieve this milestone [48][58][66]. Group 3: Characteristics and Benefits - The "Guanghong No. 3" small white chicken is characterized by high-quality meat, low feed conversion ratio, and strong disease resistance, making it suitable for various market applications [116][122][134]. - It is estimated that if 200 million of these chickens are promoted annually, it could save 51,000 tons of feed, equivalent to 127,000 acres of arable land, thus contributing to food security [122][123]. Group 4: Future Plans and Industry Impact - The company plans to enhance the performance of the "Guanghong No. 3" chicken, expand cooperative breeding models, and strengthen technical support to ensure successful market penetration [223][225][229]. - The initiative is expected to significantly boost the agricultural output value in Guangdong, aiming to exceed 10 billion yuan through the promotion of this new breed [141][236].

Core Viewpoint - The launch of the "Guanghong No. 3" small white chicken, the first breed in China to incorporate yellow feather meat chicken lineage, aims to address quality challenges in the poultry industry and enhance the overall value chain of the industry [2][42]. Group 1: Product Introduction - The "Guanghong No. 3" small white chicken breed was officially approved by national authorities, showcasing Guangdong's commitment as a strong province in livestock breeding [5]. - This new breed is characterized by its high quality, feed efficiency, and innovative breeding techniques, marking a significant upgrade compared to existing products [49][50]. - The breed is expected to save approximately 51,000 tons of feed annually if 200 million birds are marketed each year, as it consumes 254.8 grams less feed per bird compared to similar breeds [51][52]. Group 2: Industry Context - China's poultry industry has developed over 40 years, with chicken meat becoming the second-largest meat consumed in the country, following pork [46][28]. - The market for small white chickens is projected to reach 2.48 billion birds in 2024, accounting for about 20% of total chicken production [29]. Group 3: Research and Development - The successful breeding of "Guanghong No. 3" is attributed to Guangdong's rich genetic resources, clear market breeding goals, and strong research support from academic institutions [20][22]. - The breeding process utilized advanced techniques such as molecular detection for sex identification and genomic selection, processing over 200 million breeding data points [54][55]. Group 4: Future Plans - The company plans to continue enhancing the performance of "Guanghong No. 3" through various cooperative models, including "company + base + farmer" and "order breeding" [64]. - There is a focus on building high-standard breeding demonstration bases and promoting the breed to become a profitable option for farmers and a desirable product for consumers [66][67].

Group 1 - The company held its first temporary board meeting of 2025 on July 30, 2025, via telecommunication, with all 7 board members participating [2] - The board approved the establishment of a new company, Guanghong Xinhua Breeding Development Co., Ltd., in partnership with Xinyi Agricultural and Cultural Tourism Investment Development Co., Ltd., with a registered capital of 20 million RMB [3] - The company will invest 15 million RMB to hold a 75% stake in the new company, aiming to enhance the poultry breeding industry in the Guangdong West region [3][4] Group 2 - The board's investment review committee has approved the aforementioned matters [4] - The voting results for the proposal were unanimous, with 7 votes in favor and no opposition or abstentions [5] - The meeting's resolutions and other required documents will be filed as per Shenzhen Stock Exchange regulations [6]

Group 1 - The company held its first temporary board meeting of 2025 on July 30, 2025, via communication voting, with all 7 directors participating [1][2] - The board approved the establishment of a new company, Xinhui Guanghong Xinhua Seed Industry Development Co., Ltd., in collaboration with Xinhui Agricultural and Cultural Tourism Investment Development Co., Ltd., with a registered capital of 20 million RMB [1] - The company will invest 15 million RMB and hold a 75% stake in the new company, aiming to enhance the poultry breeding system in the Guangdong West region [1][2] Group 2 - The board's decision received unanimous approval with 7 votes in favor, and no votes against or abstentions [2] - The establishment of the new company is part of the company's strategy to develop a branded poultry product industry and promote high-quality development in its poultry sector [1] - Relevant documents, including the board meeting resolution, will be kept on file as required by the Shenzhen Stock Exchange [2]