Shennong Group(SH:605296)2022-11-19 05:12Group 1: Business Operations - The company has established a new processing facility in Kunming for food processing, focusing on product development, with products like crispy meat, canned goods, and sausages expected to increase production significantly after the facility is operational [2] - The company plans to collaborate with distributors outside the province to expand its market, anticipating substantial progress in 2023, primarily involving debugging and small-scale production this year [2] Group 2: Cost and Profitability - The current breeding cost is approximately 16 yuan per kilogram, which is competitive, with potential for further reduction as investment projects are completed [3] - The company is confident in achieving profitability in 2022, as it expects pig prices to rebound to normal levels by the third quarter, following a prolonged low price period [3] Group 3: Shareholder Engagement - The company has submitted an application for the implementation of the profit distribution and capital reserve transfer plan approved at the annual shareholder meeting on May 13 [3] - The leadership is aware of the significant drop in stock price since listing, which has exceeded declines of similar companies, and has developed specific measures to stabilize the stock price [3]