YISHENG(SZ:002458)2022-12-08 12:08Group 1: Company Overview - Yisheng Co., established in 1989, has maintained the largest scale of chicken breeding in China for over a decade, accounting for approximately 1/3 of the domestic market share in grandparent meat chicken breeding [2] - The company is the largest grandparent meat chicken breeding enterprise in Asia, focusing on high-generation poultry source supply as its core competitiveness [2] Group 2: Industry Developments - The company is expanding its breeding operations in both chicken and pig industries to enhance its risk resistance and profitability [3] - The introduction of the new chicken breed, Yisheng 909, has been successful, with plans to increase its production capacity to 300 million by the end of the 14th Five-Year Plan [4] Group 3: Market Challenges and Responses - The avian influenza outbreak in Alabama has not affected the company's grandparent chicken imports [3] - The company anticipates a decrease in the supply of parent generation chicken due to the ongoing avian influenza and flight issues, leading to a significant price increase for parent generation chicken [3] Group 4: Future Outlook - With the easing of pandemic restrictions, there is an expected increase in demand for white feather chicken meat, positively impacting the chicken seedling market [4] - The company plans to have a breeding stock of 12,000 original pigs and provide 100,000 original pigs annually, aiming to become a leading player in the domestic pig breeding industry [4]