LIHUA(SZ:300761)2023-10-26 01:21Group 1: Company Overview and Performance - In Q3 2023, the company sold 123 million meat chickens, a year-on-year increase of 11.71% [2] - The company sold 218,800 pigs in Q3 2023, a year-on-year increase of 46.45% [2] - Total revenue for Q3 2023 reached 4.202 billion yuan, with a net profit of 307 million yuan [2] - From January to September 2023, the company sold 335 million meat chickens, a year-on-year increase of 12.58% [2] - From January to September 2023, the company sold 584,800 pigs, a year-on-year increase of 70% [2] - Total revenue for the first nine months of 2023 was 11.161 billion yuan, with a loss of 285 million yuan due to industry cycle impacts [2] Group 2: Cost Management and Production Efficiency - The cost of raising yellow feather chickens decreased to below 13.2 yuan per kilogram in Q3 2023 [2] - The cost of raising pigs fell to 17 yuan per kilogram in September 2023, with some subsidiaries achieving costs between 15-16 yuan [2] - The company aims to maintain an annual growth target of 8%-10% over the next few years [3] Group 3: Future Plans and Market Strategy - The company plans to increase its breeding stock to 800,000 pigs, with a current base of approximately 60,000 sows [3] - The company is advancing its cross-regional development strategy, establishing integrated chicken farming operations in Guangxi and Chongqing [2][3]