NWF(SH:600975)2023-10-11 01:02Group 1: Breeding and Production Capacity - As of June 2023, the company has a total breeding stock of 274,000 pigs, including 198,000 breeding sows [3] - By the end of December 2022, the company operated 174 pig farms, with a breeding capacity of 238,900 pigs and a fattening capacity of 1,135,100 pigs [3] - In the first half of 2023, the company delivered 3 breeding farms, adding 18,000 breeding sows, and 16 fattening farms, increasing annual fattening capacity to nearly 400,000 pigs [4] Group 2: Export and Market Performance - In the first half of 2023, the company exported 39,900 pigs, representing a year-on-year increase of 62.86% [4] - The company achieved the highest market price in Hong Kong for its pigs, winning the championship 50 times [4] Group 3: Biosecurity Measures - The company implements a comprehensive biosecurity management strategy, focusing on input prevention, cross-contamination prevention, and internal spread prevention [4] - Measures include monthly performance assessments, optimized inspection protocols, and enhanced environmental controls to improve pig health [5] Group 4: Feed Production Capacity - The company currently has a feed production capacity of nearly 800,000 tons, with an additional 420,000 tons under construction [5] - The feed production includes both self-produced and contract-manufactured feeds [5] Group 5: Slaughtering Capacity and Plans - The company has established a slaughtering capacity of 2.05 million pigs, with a processing capability of 700,000 pigs per batch at its current facility [6] - Ongoing projects are expected to add 500,000 pigs per year and 850,000 pigs per year in new slaughtering facilities [6] Group 6: Financial Reserves and Funding - The company, as a state-controlled listed entity, has access to direct financing through capital markets, having raised 1.02999 billion yuan in October 2021 and 1.55 billion yuan through a private placement in June 2023 [7] - The company has secured credit lines exceeding 6 billion yuan from multiple banks [7]