LIHUA(SZ:300761)2022-11-21 15:50Financial Performance - In the first three quarters of 2021, the company achieved a revenue of 7.976 billion yuan, representing a year-on-year growth of 36.13% [2] - The net profit for the same period was -604 million yuan, a significant decline of 596.35% compared to the previous year [2] - The company sold 273 million live chickens, marking an 18.53% increase year-on-year [2] Cost and Profitability Challenges - High feed raw material costs and relatively low sales prices have pressured the profitability of the poultry segment [2] - The pig farming sector faced substantial losses due to a significant drop in domestic pig prices [2] - The company made a provision for inventory impairment of approximately 340 million yuan, primarily related to the decline in the value of live pigs [2] Future Plans and Developments - The company aims to achieve a production capacity of 3 million pigs by 2025, currently maintaining a breeding stock of 30,000 to 40,000 sows [3] - The focus for the pig farming segment will be on reducing production costs and preparing talent to meet future goals [3] - The company has terminated its convertible bond application and plans to raise funds through a private placement to its controlling shareholder to support regional business expansion and slaughterhouse upgrades [3]