HAID GROUP(002311)2024-11-18 01:03Group 1: Company Overview - The company achieved operating revenue of 848.61 billion CNY in the first three quarters of 2024, a slight decrease of 2.38% year-on-year, primarily due to the decline in prices of bulk raw materials for feed [2] - The net profit attributable to shareholders reached 36.24 billion CNY, representing a significant year-on-year increase of 60.95% [2] Group 2: Market Conditions - The pig feed market is experiencing intense competition due to a rapid decline in the number of small and medium-sized pig farming households, leading to a decrease in market space [3] - The company has proactively adjusted its customer structure and enhanced its capabilities to focus on family farms with strong profitability and large-scale farming companies [3] Group 3: Product and Innovation - The company has successfully expanded its overseas feed sales by leveraging its innovative product capabilities and the advantages of its integrated supply chain [3] - In the aquaculture sector, the company holds a global leading position in shrimp breeding technology, with a rich genetic resource pool developed over years of research [3] Group 4: Future Outlook - The company anticipates growth potential in the special aquatic feed market, which requires new consumer scenarios to be developed for long-term growth [4] - Future capital expenditures will focus on overseas capacity construction and expansion, while domestic investments will prioritize upgrading existing facilities [4] Group 5: Investor Engagement - The investor relations activity included participation from various institutions, with a total of 73 investors attending the strategy meetings in Shenzhen and Beijing [2][5][6]