牧原股份(002714) - 牧原股份调研活动信息

Group 1: Company Overview and Investor Relations - The company is called Muyuan Foods Co., Ltd., with stock code 002714 and abbreviation "Muyuan" [1] - The investor relations activity involved 589 participants from various investment institutions [2] - The meeting took place on October 9, 2023, in the company conference room [2] Group 2: Business Model and Incentive Mechanism - The company has implemented a co-creation and sharing incentive mechanism, allowing employees to become partners in the business [3] - This mechanism aims to enhance employee engagement and performance, with a reported 20% increase in performance and approximately 50% increase in bonuses for a specific partner in the Liaoning region [3] Group 3: Financial Performance and Cash Flow - As of June 30, 2023, the company's cash balance was 17.553 billion yuan, indicating a secure cash flow situation [4] - The company is managing short-term debt effectively, with a focus on cash flow management and reducing leverage over time [5] Group 4: Cost Management and Production Goals - The complete cost of pig farming in September 2023 was approximately 14.7 yuan/kg, with a target to reduce it to below 14.5 yuan/kg by year-end [6] - In September, the company sold 5.373 million pigs, a decrease of about 300,000 from August, but remains confident in achieving the annual target of 65 to 71 million pigs [7]