LIHUA(SZ:300761)2023-10-31 09:11Group 1: Company Performance Overview - In Q3 2023, the company sold 123 million meat chickens, representing a year-on-year increase of 11.71% [1] - The sales of live pigs reached 218,800 heads, showing a growth of 46.45% [1] - The net profit for Q3 2023 was 307 million yuan, attributed to improved production performance and declining feed raw material prices [1] Group 2: Cost Management and Production Efficiency - The cost of raising yellow feather chickens decreased to below 13.2 yuan per kilogram in Q3 due to enhanced production management and lower feed prices [2] - The company achieved a PSY (Pigs per Sow per Year) of 25, with a breeding rate of 83.7% and a pig survival rate of nearly 94% [2] - The total cost of live pigs fell to 17 yuan per kilogram in September, with some subsidiaries achieving costs as low as 15-16 yuan [2] Group 3: Future Growth Strategies - The company aims to maintain an annual growth target of 8%-10% for its yellow feather chicken business, supported by its competitive advantages in the industry chain and technology [2] - New integrated chicken subsidiaries were established in Guangxi Wuzhou and Chongqing Fuling to expand market share in South China, Southwest, and Central China [2]