MINHE(SZ:002234)2022-12-06 02:38Group 1: Market Conditions - The white feather broiler industry experienced a rebound in early 2016, leading to increased breeding and forced replacement behaviors despite a significant reduction in grandparent stock imports [2][3] - The supply of chick seedlings has increased since the fourth quarter of the previous year, resulting in a decline in prices [3] - The occurrence of H7N9 human infection cases has negatively impacted consumer confidence in chicken meat, leading to a downturn in the industry [3] Group 2: Price and Cost Factors - The price of chick seedlings is influenced by various factors, including upstream imports and downstream consumer demand, making long-term price predictions challenging [4] - The main costs for the company in chick seedlings include feed, parent stock procurement, labor, medicine, depreciation, and utilities, with corn and soybean meal being significant components [4] Group 3: Sales Channels - The company's chick seedlings are primarily sold in Shandong, Liaoning, and surrounding provinces, targeting large breeding enterprises and distributors [4] - Chicken products are sold nationwide, with major customers including fast food chains, group clients, and distributors [4] Group 4: 2017 Company Plans - In 2017, the company plans to steadily expand the breeding scale of parent stock and match the construction of hatcheries with breeding capacity [5] - The company aims to manage inventory effectively and achieve better profitability while expanding the scale of cooked and processed foods based on market conditions [5]