MINHE(SZ:002234)2022-12-08 03:14Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessive in recent years, leading to a surplus supply of commodity broiler chicks, which has resulted in continuous outbreaks of avian influenza and other sudden events [2][4] - These events have exacerbated an already sluggish market, causing rapid declines in the prices of commodity broiler chicks and chicken meat [4] - Consumer confidence in chicken meat has been negatively impacted, leading to a slowdown in consumption, which is recovering slowly [4] - The current economic slowdown and decreased mobility have contributed to low consumption levels, despite industry self-regulation efforts to reduce breeding volumes and reverse overall industry losses [4] Group 2: Commodity Broiler Chick Prices - Various factors influence the prices of broiler chicks, including market supply, downstream consumer demand, and overall economic conditions [4] - Due to frequent and severe fluctuations in chick prices, predicting long-term price trends is challenging [4] Group 3: New Product Development - The company has developed a new liquid fertilizer product called "New Status," which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [5] - This product is designed to enhance crop yield, quality, and resistance to adverse conditions, and is primarily used for high-value crops such as fruit trees, vegetables, flowers, tobacco, and sugarcane [5] - Marketing and promotion efforts for this product have been initiated in multiple provinces, and collaborations with relevant research institutions have been established, resulting in good market recognition [5]