温氏股份(300498) - 2025年1月6日投资者关系活动记录表

Performance Overview - In 2024, the company's revenue exceeded 100 billion yuan for the first time, with a net profit of 9-9.5 billion yuan [1][2] - The pig farming segment achieved a profit of 8.2-8.4 billion yuan, while the chicken farming segment generated a profit of 2.1-2.3 billion yuan [1] - Other segments, including duck farming and animal health, also reported profits totaling 400-500 million yuan [1] Production and Sales - The company sold a record 30.18 million pigs and 1.208 billion chickens in 2024, with chicken sales increasing by 12% year-on-year [3] - The sales target for 2025 is set at approximately 33-35 million pigs [5] - The company aims for a 5% increase in chicken sales in 2025 [6] Cost Management - The average cost of pig farming was approximately 7.2 yuan/kg in 2024, a decrease of about 1.2 yuan/kg from the previous year [4] - The target for 2025 is to reduce the average cost to 6.5 yuan/kg [5] - The cost of chicken farming was reduced to 6 yuan/kg in 2024, down by 0.8 yuan/kg year-on-year [6] Financial Health - The company's asset-liability ratio decreased to around 53%, down 8% from the previous year [7] - Fixed asset investments for 2024 totaled 3-4 billion yuan, with plans for 5 billion yuan in 2025 [7] Shareholder Returns - The company repurchased shares worth 600 million yuan as part of a 900 million to 1.8 billion yuan buyback plan [8] - A total cash dividend of 1.66 billion yuan was distributed in 2024 [9] Research and Development - The company has 1,694 R&D personnel, accounting for 3.2% of the total workforce, with 433 holding master's degrees or higher [18]