MINHE(SZ:002234)2022-12-07 08:14Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessively high over the past two years, leading to abundant supply and a persistent high supply of commodity broiler chicks, exacerbated by outbreaks of avian influenza and "fast-growing chickens" [2][3] - The negative impact on consumer confidence in chicken meat has resulted in consumption delays, with slow recovery of the situation [3] - The industry plans to self-regulate to reduce the breeding volume of parent chickens to reverse the overall loss situation [3] Group 2: Power Generation Status - The company has been in a state of loss in power generation for several years, primarily due to receiving only basic electricity prices and some subsidized prices, resulting in low overall electricity prices [3] - The company is increasing the development and sales of new downstream fertilizer products to offset losses from power generation [3] Group 3: Biogas Purification and Concentration Project - The company's biogas purification and concentration project produces "New State" liquid fertilizer, which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [3] - This product has shown significant improvements in crop yield, product quality, and crop resistance, and has been well-received in multiple provinces following extensive marketing efforts [3] Group 4: Biogas Production Capacity - The biogas purification and compression project, which is a supporting project for commodity chicken farming, can produce approximately 10 million cubic meters of biogas annually from the treatment of chicken manure and other waste [4]