YISHENG(SZ:002458)2022-11-19 01:38Group 1: Company Overview - Established in 1989, Shandong Yisheng Livestock and Poultry Breeding Co., Ltd. focuses on introducing and breeding high-quality livestock and poultry breeds, becoming the largest grandparent meat chicken breeding enterprise in China and Asia, holding approximately 1/3 of the domestic market share [2] - The company has implemented a source purification strategy and successfully passed the "National Poultry Leukemia Purification Demonstration Farm" certification by the Ministry of Agriculture and Rural Affairs [2][3] Group 2: Product Development - The self-developed Yisheng 909 small white feather meat chicken has been recognized as a national livestock and poultry new variety, suitable for various breeding methods and showing significant economic benefits [3] - The company has over 20 years of experience in breeding original pigs, achieving first prize in quality assessments for 5 out of the last 7 years [3] Group 3: Market Dynamics - The import volume of grandparent chickens is expected to decline due to recent outbreaks of avian influenza in the U.S., which may affect domestic supply [4] - The average price of commercial chicken seedlings has been on the rise since late March 2022, with prices stabilizing above 3 RMB per chick by late April [4][5] Group 4: Demand Factors - Increased demand for chicken is anticipated due to the recovery of the tourism and catering industries, with a notable rise in per capita chicken consumption [5] - The price of pork has risen by over 20% compared to March, which is expected to positively influence chicken prices due to the correlation between pork and chicken markets [5] Group 5: Future Outlook - Overall, the market outlook for the second half of the year is expected to be better than the first half, driven by reduced supply and recovering demand [5]