YISHENG(SZ:002458)2022-12-04 10:24Group 1: Industry Overview - The white feather broiler industry is experiencing an upward trend, with recovery in market conditions and an increase in price levels [3] - The number of grandparent stock imports has been below 750,000 sets for three consecutive years, indicating a supply shortage [3] - The forced replacement of parent stock in 2017 was significantly lower than in 2016, particularly in the fourth quarter, leading to a decline in parent stock inventory [3] Group 2: Company Performance - The company is currently operating normally, benefiting from reduced grandparent stock imports and accelerated capacity reduction of parent stock [4] - The production volume of commercial broiler chicks is on the rise, with significant increases expected in 2018 [4] - The company is the only domestic enterprise with great-grandparent broiler stock, which has reached full production capacity, meeting market demand [4] Group 3: Strategic Development - The company focuses on "livestock and poultry breeding" as its core competitive advantage, actively seeking partnerships with domestic and international breeding institutions [5] - The company aims to expand its breeding scale and enhance product quality through advanced technologies in breeding, production, and disease prevention [5] - The company plans to integrate upstream and downstream industry chains to reduce market volatility risks and enhance core competitiveness [5] Group 4: Market Potential - White feather broilers are recognized for their fast growth, high feed-to-meat ratio, and superior meat quality, making them popular globally [6] - The consumption of white feather broiler meat is leading in Europe, the United States, and Japan, highlighting its market significance [6] - The company is actively promoting white feather broiler products to enhance consumer awareness and drive sustainable industry development [6]