LIHUA(SZ:300761)2024-10-22 11:46Group 1: Company Performance Overview - In the first three quarters of 2024, the company achieved operating revenue of 12.684 billion CNY, a year-on-year increase of 13.65% [1] - The net profit attributable to shareholders reached 1.161 billion CNY, a significant increase of 507.71% [1] - In Q3 2024, the company reported operating revenue of 4.879 billion CNY, up 16.12% year-on-year, and a net profit of 586 million CNY, reflecting a growth of 91.02% [1] Group 2: Sales and Production Metrics - The company sold 376 million meat chickens in the first three quarters, marking a 12.07% increase year-on-year [1] - The sales of meat pigs reached 791,600 heads, showing a growth of 35.36% [1] - The company aims for a slaughter target of 60 million meat chickens in 2024, with an expected doubling of the slaughter volume compared to the previous year [2] Group 3: Business Segment Performance - The yellow feather chicken business maintained strong competitiveness, generating nearly 400 million CNY in profit in Q3 [1] - The pig farming segment significantly reduced costs and turned profitable in Q3, achieving over 200 million CNY in profit [1] - The slaughtering business experienced a temporary loss of approximately 20 million CNY in Q3 due to capacity utilization ramp-up [1] Group 4: Cost Management and Future Outlook - The complete breeding cost for yellow feather chickens in Q3 was controlled below 5.9 CNY per jin, with potential for further reduction in Q4 [2] - The breeding cost for pigs in Q3 was 7.3 CNY per jin, with expectations for continued cost reduction in Q4 [2] - The company has implemented air filtration systems in some pig farms to enhance biosecurity, supporting the annual target of 1.2 million market pigs [2]