LIHUA(SZ:300761)2025-08-19 11:24Group 1: Company Performance Overview - In the first half of 2025, the company achieved revenue of 8.353 billion yuan, a year-on-year increase of 7.02% [2] - The net profit attributable to shareholders was 149 million yuan, a year-on-year decrease of 74.10% [2] - The company sold 260 million meat chickens, a year-on-year increase of 10.37% [2] - The company sold 949,600 meat pigs, a year-on-year increase of 118.35% [2] Group 2: Cost and Efficiency - The complete cost of meat pigs decreased to 12.8 yuan/kg, with an expected reduction to 12 yuan/kg by the end of the year [2][3] - The complete cost of meat chickens fell below 11 yuan/kg due to lower feed prices and improved management [3] - The production efficiency of the pig sector improved, with PSY reaching 29 and the cost of weaned piglets dropping below 280 yuan [3] Group 3: Production and Sales Goals - The company aims to slaughter 100 million meat chickens in 2025, with a half-year slaughter volume of 40 million, showing significant growth [5] - The company has established an annual slaughter capacity of 135 million chickens, with increased capacity utilization leading to lower processing costs [5] Group 4: Future Outlook - The company plans to enhance quality and efficiency across all stages from breeding to sales for yellow feathered chickens [6] - Despite industry cycles and seasonal fluctuations, the company remains confident in its future prospects and aims to strengthen its core competitiveness [6]