温氏股份(300498) - 2024年11月14日投资者关系活动记录表

Production and Sales Performance - Cumulative sales of pigs (including live pigs and fresh products) reached 24.23 million heads, a 17% year-on-year increase [1] - Sales of piglets reached 950,000 heads [1] - Sales of chickens (including live chickens, fresh products, and processed products) reached 990 million, with fresh sales accounting for 14% (140 million) and processed products reaching 11 million [1] - Sales of ducks (including live ducks and fresh products) reached approximately 41 million [1] Pig Farming Operations - The number of breeding sows reached 1.68 million by the end of October, with sufficient reserve sows [2] - The average number of healthy piglets per litter reached 11.2 in October [2] - The cost of piglets decreased to below 290 yuan per head [2] - The pig slaughter rate reached 93%, and the feed-to-meat ratio further decreased to 2.56 [2] - The comprehensive cost of pig farming decreased to approximately 6.7 yuan per jin in October [2] Poultry Farming Operations - The chicken slaughter rate reached 95.3% in October, and the feed-to-meat ratio further decreased to 2.75 [2] - The total cost of chicken farming decreased to approximately 5.7 yuan per jin in October [2] Financial and Shareholder Returns - The company's debt-to-asset ratio decreased to 53%-54% by the end of October [2] - The company implemented a share repurchase plan of 900 million to 1.8 billion yuan, with 600 million yuan repurchased by October 30 [2] - The company distributed a cash dividend of 1.5 yuan per 10 shares (including tax) in the third quarter, totaling 995 million yuan (including tax) [2] - Including the annual dividend implemented in June, the total dividends for the year reached 1.66 billion yuan (including tax) [2] Future Plans and Industry Trends - The company aims to reduce the comprehensive cost of pig farming to below 6.5 yuan per jin by 2025 [4] - The company's pig farming capacity reached 46 million heads, with effective fattening capacity of approximately 37 million heads [4] - The industry is shifting from scale expansion to quality improvement, focusing on reducing production costs and improving profitability [4] - The company is exploring the use of needle-free injection technology, which offers advantages in cost, stress reduction, biosecurity, and meat quality [6]