HAID GROUP(SZ:002311)2025-10-20 01:05Financial Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 96.094 billion, representing a year-on-year growth of 13.24% [1] - The net profit attributable to shareholders reached CNY 4.142 billion, with a year-on-year increase of 14.31% [1] Spin-off Plans - The company plans to spin off its subsidiary, Haida Holdings, for listing on the Hong Kong Stock Exchange [1] - Prior to the spin-off, the company will restructure the equity of its overseas subsidiaries related to feed, seedlings, and animal health products under Haida Holdings [1] - This spin-off is a strategic move to enhance the company's international influence and global market competitiveness, aligning with the national "Belt and Road" initiative [1] Strategic Goals - The company aims to achieve a sales target of 51.5 million tons of feed by 2030, focusing on increasing domestic capacity utilization and market share while expanding overseas [2] - The overseas feed sales volume is projected to reach 7.2 million tons by 2030, with the spin-off expected to accelerate this growth [3] Operational Insights - The company reported a 40% year-on-year increase in overseas feed sales in the first half of the year, maintaining strong growth into the third quarter [2] - The feed production capacity utilization has improved due to strong sales growth [2] Future Outlook - The company plans to adopt a light asset model for future expansion in livestock feed production, rather than relying primarily on acquisitions [2] - The overall cost of pig farming is expected to continue improving as the company focuses on team capability building and innovative asset-light models [3] - The company anticipates that most aquaculture species will maintain profitability or break-even next year, despite some external impacts [2]