WENS FOODSTUFF GROUP CO.(SZ:300498)2025-11-17 10:12Group 1: Company Overview - The company is Wens Food Group Co., Ltd., with stock code 300498 and bond code 123107 [1] - The investor relations activity took place on November 13-14, 2025, in Shenzhen and Beijing, involving multiple institutional investors [2] Group 2: Production and Operations - In October, the production cost of piglets decreased to 250-260 RMB per head, with a market pig listing rate exceeding 93% [2] - The comprehensive cost of meat pig farming was approximately 6.1 RMB per kg, showing a slight decrease compared to the previous month [2] - The chicken production maintained stability, with a market listing rate of 95.4% and a total cost of 5.7 RMB per kg for broilers [3] Group 3: Cost Management - In October, 53% of the sold meat pigs had a comprehensive cost below 6 RMB per kg, and over 90% were below 6.5 RMB per kg [5] - The cost difference among the three pig farming divisions was within 0.3 RMB per kg [5] Group 4: Future Goals and Strategies - The current PSY (Pigs per Sow per Year) is around 27, with a medium to long-term goal to exceed 32 [6] - The company aims for a 10% annual growth in the chicken business, utilizing various strategies such as cultural promotion and market expansion [9] - The company plans to explore international markets, starting with chicken and gradually expanding to pig and duck industries [9] Group 5: Market Insights - The company anticipates a weak and fluctuating trend in feed raw material prices in the short term, barring international environmental changes [9]