温氏股份(300498) - 2026年3月11日投资者关系活动记录表

Group 1: Pig Farming Business - The comprehensive cost of pig farming in February remained stable compared to January [2] - The company employs various strategies to reduce costs, including enhancing breeding technology and optimizing feed formulas [2][3] - The company has a strong financial position with a debt ratio projected to decrease to approximately 48% in 2026 [3] - The company’s dual business model in pig and chicken farming helps mitigate price volatility risks [3] Group 2: Chicken Farming Business - The total cost of chicken farming in February was approximately 5.8 CNY per jin, with an increase attributed to reduced market supply [8] - The average selling price of chicken is around 6 CNY per jin, providing reasonable profits [9] - The company anticipates a recovery in the price of Chinese native chickens in 2026, expecting better performance than in 2025 [9] Group 3: Future Plans and Strategies - The company aims to increase the PSY (Pigs Sold per Year) to over 32, reaching international advanced levels [6] - The company maintains a cautious approach towards the use of African swine fever vaccines, focusing on health management and biosecurity [7] - The company is committed to a stable development strategy, ensuring risk management and financial safety [3][4]