MINHE(SZ:002234)2023-02-22 08:21Company Overview - The parent stock of Shandong Minhe Livestock Co., Ltd. is approximately 3.2 million sets, remaining stable compared to 2021 [3] - In 2022, the company produced around 30 million broilers, with a chicken meat output of approximately 70,000 tons [3] Chick Seed Market - Since May 2022, the breeding of grandparent chickens has been relatively sluggish, leading to a projected shortage of broiler chicks by Q2 or Q3 2023 [3] - The price of broiler chicks has remained at a favorable level since the Spring Festival [3] Breeding Management - Currently, the company has not implemented any feather replacement; the breeding farms are following planned schedules [3] - The company has not faced issues in procuring breeding chickens despite rising prices [3] Ongoing Projects - The "800,000 sets of parent breeding chicken project" initiated in 2021 is under construction, with partial production expected in 2023 and full operation by 2024 [4] - A new hatchery with an annual capacity of 100 million chicks is being built, which began construction after the Spring Festival [4] Processed Food Production - In 2022, the company completed two cooked food factories, each designed for 30,000 tons, with a total production capacity of 30,000 tons [4] - The company has established an e-commerce sales team in Hangzhou for online sales, with stores on platforms like Tmall and Douyin, and six live streaming rooms on Douyin [4]