YISHENG(SZ:002458)2026-01-11 09:08Group 1: Breeding and Supply Insights - In 2025, the introduction volume of grandparent white feather broilers in China is approximately 620,000 sets, a year-on-year decrease of over 10% [1] - The company's introduction volume is 266,000 sets, accounting for 43% of the total, with a year-on-year increase, while other companies' introduction volumes have decreased by over 20% [1] - The company’s grandparent broiler stock is over 400,000 sets, indicating a high utilization rate [2] Group 2: Price Trends and Market Outlook - The price of parent stock broiler chicks has been rising monthly since September 2025, reaching over 53 yuan this month [2] - Due to the low introduction volume of grandparent stock, the price of parent stock broiler chicks is expected to continue increasing in 2026 [2] - The supply of quality commercial broiler chicks is expected to be tight due to the reduction in grandparent stock, while downstream demand from breeding farms and slaughterhouses remains strong [2] Group 3: Industry Growth and Future Plans - The white feather broiler industry is anticipated to grow significantly, supported by government initiatives to optimize meat production and expand poultry consumption [6] - The company plans to increase the stock of egg-laying hens following the successful completion of the research and development phase, with high domestic and export demand expected [4] - The slaughter volume of white chickens in 2025 is projected to be approximately 9.3 billion birds, an increase from 2024, with continued growth expected in 2026 [5]