Group 1 - The company plans to introduce 22,000 sets of grandparent meat chickens in September [1] - The introduction plan for October has not yet been determined by the company [1] - The company is unaware of the timeline for the lifting of import restrictions from the United States and New Zealand [1]

Core Viewpoint - Yisheng Co., Ltd. plans to introduce 22,000 sets of grandparent meat chickens in September, while the introduction plan for October remains uncertain. The company is unaware of the timeline for the lifting of import restrictions from the United States and New Zealand [1] Group 1 - The company is set to introduce 22,000 sets of grandparent meat chickens in September [1] - The introduction plan for October has not yet been determined [1] - The company does not have information regarding the timeline for the lifting of import restrictions from the U.S. and New Zealand [1]

Group 1 - The company plans to introduce 22,000 sets of grandparent meat chickens in September, while the introduction plan for October is yet to be determined [2] - The company is currently unaware of when the introduction from the United States and New Zealand will be allowed [2]

人民财讯9月5日电，益生股份（002458）在互动平台上表示，公司9月计划引种祖代肉种鸡2.2万套，10 月引种计划尚未确定。公司未知美国和新西兰引种放开的时间。 ...

Company Overview - Established in 1989, Yisheng Co. specializes in breeding high-quality livestock and poultry, being the largest ancestor meat chicken breeding enterprise in Asia, accounting for approximately 33% of the domestic imported chicken market [1][2] - The company has implemented a source purification strategy to ensure the health of breeding stock and product quality, gaining high market recognition [2] Production and Sales - The company plans to sell 100,000 breeding pigs in 2025, with 38,500 sold in the first half of the year [2] - As of August 2025, the company has approximately 400,000 ancestor meat chickens and over 6 million parent stock chickens in inventory [4] Import and Market Trends - From January to July 2025, the company imported 132,000 sets of ancestor meat chickens, representing nearly 60% of the national total import of 230,000 sets, with a year-on-year decline of over 30% in imports and updates [3] - The company plans to import 30,000 sets of ancestor meat chickens in August 2025 [4] Pricing and Market Conditions - The price for parent stock chicken seedlings is set at 52 yuan per set for August and September 2025, with monthly adjustments based on market demand [7] - The price of commodity chicken seedlings is expected to improve in the second half of the year, following a trend of rising prices since mid-July [8] Future Developments - The company is constructing a project in Datong, Shanxi, which includes nine parent stock chicken farms and a feed factory, with production capacity being gradually released [6] - The company is in the process of applying for approval for a new breed of egg-laying chickens, having completed preliminary testing [10]

Core Viewpoint - Yisheng Shares has become a leader in the domestic white feather broiler breeding industry by successfully importing grandparent stock from France, breaking a 10-year hiatus in imports from that country, and addressing supply shortages caused by avian influenza outbreaks in the U.S. and New Zealand [1][2]. Group 1: Import and Supply Dynamics - In March 2024, Yisheng Shares imported 233,500 sets of grandparent broiler chickens, capturing one-third of the domestic market share for imported breeding stock [1]. - The company is actively working to ensure a stable supply of breeding stock through a purification strategy, with no current impact from avian influenza on its April import plans from France [2]. - The supply of parent stock broiler chickens is expected to tighten in the second half of 2025 due to the previous import disruptions, which may lead to higher prices [2][3]. Group 2: Financial Performance and Growth - In 2024, Yisheng Shares reported revenues of 3.136 billion yuan and a net profit of 504 million yuan, with significant growth in its breeding pig business, which saw sales increase by 806% year-on-year [4]. - The breeding pig segment is projected to become a key growth driver for the company, with full production capacity expected to be reached in 2025 [4]. - The company has implemented share buyback plans and cash dividends, with a total of 337 million yuan allocated for buybacks and dividends, representing 67% of net profit [5]. Group 3: Market Trends and Consumer Behavior - The company anticipates that the "Weight Management Year" initiative will boost demand for chicken as a healthy dietary option, positioning white feather broilers as a core choice in health-conscious diets [5]. - The integration of chicken and pig breeding operations is expected to enhance profitability and support the company's long-term sustainable growth [4].