MINHE(SZ:002234)2022-12-04 09:12Group 1: Market Conditions of Broiler Chicken Industry - The supply of parent stock and commercial broiler chicks is tight due to a significant reduction in breeding imports, with a continuous low import volume over the past few years leading to a drastic contraction in supply [2][3] - The price of chick sales surged, exceeding 10 RMB per chick from January to May this year, but experienced a significant drop in June due to seasonal factors and market panic [3][4] - The ongoing African swine fever epidemic is expected to create a gap in pork supply, further increasing demand for chicken and other meat products [3] Group 2: Company Development and Planning - The company has canceled its fundraising through private placement and is flexibly developing cooked and processed food based on market conditions, with two food processing projects expected to be completed within 1-2 years using self-raised funds [4] - A plan is in place to establish a breeding farm with an annual capacity of 800,000 sets of parent meat chickens to maintain and enhance the leading advantage and market share in parent stock breeding [4] - The company is focusing on cooked food processing and parent chicken breeding while improving its matching capabilities in breeding and slaughtering within the industry chain [4]