Yuehai Feeds Group(SZ:001313)2024-09-12 10:43Product Development and Market Strategy - The company emphasizes the importance of new product development and technology application, focusing on the trends in the industry to enhance product offerings [2] - New products launched this year include turtle feed, mandarin fish feed, and sturgeon feed, contributing to brand strength in the specialty aquaculture feed market [2] - The company is accelerating its development in the prepared food sector, particularly focusing on high-end aquatic protein products [2][3] Financial Performance and Cost Management - In the first half of 2024, the company successfully reduced its selling and administrative expense ratio, indicating effective cost management strategies [3] - The company has implemented organizational restructuring and performance assessment systems to enhance operational efficiency and reduce costs [3] - The production capacity is over 2 million tons, with an actual capacity of nearly 1.5 million tons and a utilization rate of approximately 70% [4] Future Growth and Expansion Plans - The company plans to expand its production bases in Anhui and Vietnam, with significant increases in production and sales expected in the coming year [3] - There is a focus on deepening the aquaculture feed industry and enhancing product quality to increase market share [3] - The company aims to explore investment opportunities through new construction, acquisitions, and partnerships to drive industry consolidation [3] Market Outlook and Consumer Demand - Despite a challenging economic environment, the demand for aquatic products remains stable due to their health benefits [4] - The promotion of advanced aquaculture techniques is expected to enhance the flexibility of farming cycles, benefiting farmers with higher returns [4]