东瑞股份(001201) - 东瑞股份调研活动信息

Group 1: Company Overview - The company currently has approximately 41,000 breeding sows, with about 33,000 being productive sows and 8,000 being replacement sows [1] - The company plans to achieve an annual output of approximately 650,000 pigs in 2022, with a target of 70,000 to 80,000 breeding sows by the end of 2022 [1] Group 2: Cost Structure - The current total cost of pig farming is around 18 RMB per kilogram, with expectations to decrease to approximately 16 RMB per kilogram by the end of next year [3] - Cost reduction will be achieved through four main aspects: 1. Breeding improvements to lower piglet costs 2. Optimizing feed formulas to reduce nutritional waste and feed costs 3. Implementing detailed management to lower mortality rates and improve production efficiency 4. Accelerating the construction of breeding bases to achieve economies of scale [3] Group 3: Market Position and Growth - As of November 30, 2021, the company supplied over 180,000 live pigs to Hong Kong, aiming to exceed 200,000 for the year, capturing approximately 26% of the mainland supply [3] - The future goal is to increase the market share to over 30%, potentially supplying around 500,000 pigs annually based on normal supply levels [3] Group 4: Management and Workforce - The company currently employs 1,080 people, with over 800 in the breeding team; plans to hire approximately 600 new employees in 2022 based on new project launches [3] - The company has a low turnover rate due to competitive compensation, career advancement opportunities, and a strong corporate culture [4]