YISHENG(SZ:002458)2025-04-07 10:00Group 1: Company Performance and Financials - In 2024, the net profit attributable to shareholders was CNY 504 million [3] - The company is expected to enhance its production capacity for white feather broiler chicks in 2025 due to new chicken farms coming online [4] - The company maintains a higher profit margin as it operates in the upstream segment of the white feather broiler industry [5] Group 2: Industry Insights and Market Position - The company is the only one in China to import grandparent stock from France, having imported 36,000 sets in 2024 [2][11] - The overall poultry industry is facing a shortage of imported grandparent stock, with a 74% year-on-year decline in the update volume for such stock in early 2024 [11] - The white feather broiler industry is expected to benefit from national policies aimed at ensuring food security and promoting poultry consumption [6][8] Group 3: Technological Advancements and Innovations - The company is implementing a purification strategy for its breeding stock to ensure health and supply stability [2] - Smart farming technologies are being utilized for precise management and automation in the breeding process [9] Group 4: Future Growth and Development - The company plans to focus on its core competency in high-generation poultry breeding and will not expand into downstream operations [13] - The demand for poultry, particularly white feather chicken, is expected to grow as consumer preferences shift towards healthier eating [7][8]