Tech-Bank(SZ:002124)2022-12-04 11:24Group 1: Cost Management - The company expects a gradual decrease in breeding costs this year compared to last year, influenced by several factors [3] - Key factors affecting costs include: high external piglet purchase costs, higher costs for weaned piglets compared to fattening pigs, initial high costs from new sow farms, and increased breeding fees due to market profit sharing [3] Group 2: Capital Increase and Financial Planning - The company anticipates that the capital increase will be initiated around late March to early April, following the approval from the shareholders' meeting and the regulatory document replacement [4] Group 3: Impact of COVID-19 - The impact of COVID-19 on the company has been limited, with operations gradually resuming [4] - Supply capabilities have been hindered due to restrictions on slaughterhouses and transportation, but online sales are gradually recovering [5] Group 4: Production Capacity - The current breeding capacity stands at 180,000 sows, with expected growth in March and April, contingent on ongoing construction and pig matching [4] - As of December, the company has approximately 350,000 heads in leased fattening and about 400,000 heads in self-built facilities, with family farms totaling under 1 million heads [5]