HAID GROUP(SZ:002311)2024-05-16 13:31Group 1: Overseas Business Development - The company is entering a rapid development phase in overseas feed business, having already established a presence in Southeast Asia, Africa, and South America, with plans to further solidify its regional development and seize market opportunities [1] - The overseas feed industry has significant capacity, and the company possesses strong professional capabilities and competitive advantages [2][3] Group 2: Sales and Profit Growth - The feed industry has a large capacity and high ceiling, providing opportunities for the company's feed volume growth due to its competitive strength [1] - The company’s feed sales market share is currently low, indicating substantial room for growth, supported by high-tech feed products that enhance breeding efficiency [3] Group 3: Aquaculture and Livestock Business - The rebound in aquaculture is attributed to previous low prices leading to rapid capacity reduction [1] - The company is making progress in its pig farming business, with decreasing costs and a light asset operation model for stable development [2] Group 4: Cost Management and Efficiency - The decline in pig farming costs is due to lower raw material prices and improved professional capabilities [2] - The company prefers a model combining self-breeding and farmer partnerships, which is currently favored over self-breeding alone [2] Group 5: Future Directions and Innovations - The company is exploring industry chain demands and trends, focusing on the core feed business development [3] - The company’s high-margin product structure and competitive advantages contribute to better profitability in overseas markets, particularly in Vietnam, where sales are significant [3]