DBN Group(SZ:002385)2022-12-06 23:40Group 1: Sales Performance - The sales volume of front-end feed increased by 12-15% from January to March, with a monthly growth of 20% in April. High-end products like Beibei and Baobao saw a 60% increase in April [3] - Front-end feed accounts for 30% of total sales (excluding premix feed) [3] Group 2: Pig Farming Business - The company currently owns 30,000 breeding pigs and has subsidiaries with a total of 2.6 million pigs, expected to reach 3 million by year-end [3][4] - The company plans to serve a scale of 100 million pigs in the next 5-10 years, with 20 million pigs under a cooperative model and 80 million through various methods including partnerships and self-raising [4] Group 3: Internet Business - The company’s pig internet management covers 16 million pigs across over 3,600 medium-sized farms [4] - The cumulative transaction volume in pig trading reached 5.2 billion yuan, with daily transactions between 60 million and 80 million yuan [5] - In the last 30 days, 680,000 pigs were traded, averaging over 50,000 pigs per day [5] Group 4: Revenue Model - The revenue model for pig trading includes transaction fees, expected to start in the first half of 2017, and financing options for pig traders [5][6] - The company plans to charge a commission of 15%-20% based on the price difference from market averages [6]