MINHE(SZ:002234)2022-12-08 02:20Group 1: Market Situation and Industry Overview - The upstream breeding volume in the industry has been excessive over the past two years, leading to a surplus supply of commodity broiler chicks [2] - The occurrence of avian influenza and "fast-growing chickens" has exacerbated an already sluggish market, causing a continuous decline in the prices of commodity broiler chicks and chicken meat [2][3] - The industry plans to implement self-discipline to reduce the breeding volume of parent stock chickens to reverse the overall loss situation [3] Group 2: Commodity Broiler Chick Prices - The price of broiler chicks is influenced by various factors, including market supply, downstream consumer demand, and industry prosperity [3] - Due to frequent and severe price fluctuations, predicting the price trend of broiler chicks over a longer period is challenging [3] Group 3: Power Generation and Financial Performance - The power generation segment has been operating at a loss in recent years, primarily due to receiving only basic and partial subsidy prices, resulting in low overall pricing [3] - The company is increasing the development and sales of new downstream fertilizer products to offset losses in power generation [3] Group 4: New Product Development - The company has developed a new liquid fertilizer product called "New State," which is an eco-friendly fertilizer rich in organic matter and essential nutrients for plant growth [4] - "New State" liquid fertilizer has shown significant improvements in crop yield, product quality, and resistance to adverse conditions, and has gained good market recognition after extensive promotion [4] Group 5: Biogas Project - The biogas purification and compression project, associated with the commodity chicken breeding project, can produce approximately 10 million cubic meters of biogas annually by processing chicken manure [4]