温氏股份(300498) - 2025年2月14日投资者关系活动记录表

Group 1: Production and Sales Performance - In January, the company sold 95 million meat chickens and approximately 2.9 million live pigs, including 2.78 million live pigs and 120,000 piglets [1] - The company adjusted its sales statistics to include piglets starting January 2025, which increased the sales volume and revenue [1] - The company achieved a meat pig breeding comprehensive cost of 6.4-6.5 RMB per kg, maintaining a leading position in the industry [3] Group 2: Industry Situation - As of the end of January, the company had 1.78 million breeding sows, with a piglet production cost of 300-310 RMB per head and a meat pig market rate of 93.7% [3] - The chicken production maintained a high level, with a meat chicken market rate of 95.2% and a total cost of 5.6-5.7 RMB per kg for live chickens [4] Group 3: Financial Health - The company's asset-liability ratio decreased to around 52% in January, indicating ongoing improvement in the balance sheet [5] - The company aims to reduce the debt ratio further to ensure long-term stability in operations [5] Group 4: Future Goals and Investments - The sales target for meat pigs in 2025 is set at 33-35 million heads, excluding piglet sales [6] - The company plans to invest approximately 50 billion RMB in fixed assets in 2025, focusing on pig breeding facilities, chicken farms, slaughterhouses, and equipment upgrades [13] Group 5: Collaboration with Farmers - The company emphasizes a stable partnership with farmers, providing comprehensive support including insurance and training, to enhance cooperation and mutual benefits [12]