YISHENG(SZ:002458)2022-11-22 03:01Group 1: Market Trends - The price of commodity broiler chicks has increased due to rising demand and insufficient supply, with upstream chick supply not meeting slaughter capacity needs [2] - The price of parent stock chicks has also risen, driven by the increasing scale of the industry and demand from large breeding enterprises [2] - In the long term, domestic chicken consumption is expected to increase, with per capita consumption in China at 12.01 kg in 2019, compared to 46 kg in the US and 22 kg in the EU, indicating significant growth potential [3] Group 2: Company Performance - The company's production capacity decreased in April due to the age of breeding chickens, but is expected to improve as younger chickens begin production from May [3] - The company has over 20 years of experience in breeding pigs, achieving top results in provincial testing and being certified as a national core breeding farm in 2013 [3] - The company plans to expand its breeding projects, with a target of maintaining 18,000 breeding sows and 25,000 grandparent sows, aiming to become a leading enterprise in the domestic breeding industry [3] Group 3: Stock Issuance - The company is conducting a non-public stock issuance to expand its breeding projects, with the proposal already approved by the shareholders' meeting [4]