WENS FOODSTUFF GROUP CO.(SZ:300498)2025-09-19 09:36Group 1: Company Performance - The company achieved excellent performance in the pig farming sector in the first half of the year, with per-head profit ranking among the top in the industry, despite a significant valuation lag compared to peers [2] - In August, although pork prices declined, the poultry sector showed strong performance, contributing to profitability alongside the pig farming business, with monthly gross profit margins expected to reach a new high for the year [2] - The company reported total revenue exceeding 100 billion yuan and a net profit nearing 10 billion yuan for 2024, with approximately 50 billion yuan in revenue and 3.6 billion yuan in net profit for the first half of the current year [2] Group 2: Shareholder Returns - Since its listing, the company has implemented 14 cash dividend distributions, totaling 18 billion yuan, with a dividend payout ratio of 58.2% [2] - The company has conducted two stock repurchase plans, with a total repurchase amount of 28.1 billion yuan [2] Group 3: Investor Relations and Market Confidence - There has been a noticeable decline in the company's information disclosure and investor communication activities, with the number of disclosed research activities halving from 18 times in the previous year to 10 times in the current year [3] - The company emphasizes the importance of investor relations management and plans to enhance communication with investors through various formats, including roadshows and conference calls [3] Group 4: Cost Management - In August, the comprehensive cost of pig farming was reported to be between 6.1 and 6.2 yuan per kilogram, while the total cost for broiler chickens was 5.8 yuan per kilogram [3]