LIHUA(SZ:300761)2023-10-26 08:26Group 1: Company Performance Overview - In Q3 2023, the company sold 1.23 billion meat chickens, a year-on-year increase of 46.45% [1] - The company achieved a revenue of 4.202 billion yuan in Q3, with a net profit of 307 million yuan [1] - From January to September 2023, the company sold 335 million meat chickens, a year-on-year increase of 12.58%, and 584,800 pigs, a year-on-year increase of 70% [2] Group 2: Cost Management and Production Efficiency - The production cost of meat chickens decreased to below 13.2 yuan per kilogram in Q3, while the cost for pigs fell to 17 yuan per kilogram [2] - The company aims to maintain a 10% annual growth target for its chicken business, leveraging advantages in the industrial chain and technology [2] - The survival rate for pigs reached nearly 94%, with a breeding and delivery rate of 83.7% [2] Group 3: Future Plans and Market Strategy - The company plans to increase its breeding stock to 800,000 pigs next year, based on market forecasts [2] - The company is expanding its integrated chicken farming operations in Guangxi and Chongqing, continuing its cross-regional development strategy [2] - The company anticipates further reductions in fixed asset depreciation and amortization costs as production volumes increase [3]