Shennong Group(SH:605296)2023-12-01 08:37Group 1: Business Philosophy and Growth Plans - The company emphasizes a steady and high-quality development approach, aiming to be the most refined and competitive enterprise, while focusing on sustainable growth and biosecurity as key cost factors [3] - The target for pig production is 1.5 million heads for this year, with plans to increase to 2.5 million heads next year and 3.5 million heads the year after [3] - The company aims to achieve approximately 100,000 breeding sows by the end of this year and nearly 130,000 by mid-next year [3] Group 2: Talent Development and Management - The majority of the company's talent is cultivated internally, with a focus on shared values and practical skills among core and mid-level personnel [3] Group 3: Production and Supply Chain - The company plans to purchase around 300,000 piglets to meet the 2.5 million heads target next year, with self-supply expected to meet the 3.5 million heads target the following year [4] - The current contract farming ratio is approximately 65%, with a future target of 70%-80% [4] - The feed production capacity exceeds 1 million tons, with plans to increase to over 1.5 million tons by the end of next year [4] - The slaughtering capacity is currently at 2.5 million heads, with plans for a new facility to add 500,000 heads capacity [5] Group 4: Processed Products and Market Outlook - The deep processing segment currently has a capacity of 24,000 tons, with plans to achieve full production and profitability within two to three years [5] - The company has a strong confidence in the future of the deep processing sector, emphasizing food safety and market expansion [6]