MINHE(SZ:002234)2022-12-08 05:32Group 1: Market Overview - The current market for commodity broiler chicks has seen an oversupply due to excessive breeding in the past two years, leading to a decline in prices for both chicks and chicken meat [3] - Recent outbreaks of avian influenza and issues related to "fast-growing chickens" have further exacerbated the already sluggish market conditions [3] - Consumer confidence in chicken meat has been negatively impacted, resulting in a slowdown in consumption, which is expected to recover slowly [3] - The industry is implementing self-regulation to reduce the breeding of parent stock chickens to reverse the overall loss situation [3] - Prices for commodity broiler chicks have recently started to rebound, and an upward trend is anticipated in the second half of the year as production capacity is reduced [3] Group 2: New Product Development - The company has developed a new product called "New State" liquid fertilizer, which is an all-purpose ecological fertilizer rich in organic matter and essential nutrients for plant growth [4] - This fertilizer is designed to enhance crop yield, product quality, and resistance to adverse conditions, particularly for high-value crops such as fruits, vegetables, flowers, tobacco, and sugarcane [4] - Marketing efforts for the "New State" fertilizer have commenced in several provinces, with three to four provinces being prioritized for promotion, and it has entered the sales phase [4]