HAID GROUP(002311)2024-12-02 01:06Group 1: Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 848.61 billion CNY, a slight decrease due to the drop in prices of bulk raw materials for feed [1] - The net profit attributable to shareholders reached 36.24 billion CNY, representing a year-on-year increase of 60.95% [1] Group 2: Market Outlook - The global shrimp market is experiencing growth, with stable demand for South American white shrimp [2] - The company expects stable performance in common freshwater fish after emerging from a prolonged loss cycle [2] Group 3: Overseas Operations - In the first half of the year, overseas feed sales exceeded 1 million tons, with a year-on-year growth of over 30% [2] - The company is expanding its presence in Southeast Asia, focusing on Vietnam, and extending into Indonesia, Bangladesh, and Malaysia [2] Group 4: Cost Management and Production - The company is focusing on building its own breeding pig system, which has shown significant improvements in overall breeding costs [2] - The company is exploring a light-asset, low-risk, and stable pig farming model, continuously refining the optimal scale of production [2] Group 5: Raw Material Trends - The overall price of bulk raw materials is on a downward trend, influenced significantly by macroeconomic factors [3] Group 6: Animal Health Business - The decline in animal health product revenue is attributed to the integration of many health products into feed, creating functional feed products that replace traditional single health products [4] Group 7: Capital Expenditure Plans - Future capital expenditures will focus on overseas capacity construction and expansion, while domestic efforts will prioritize upgrading and renovating existing capacities [5] Group 8: Seed Varieties - In addition to the competitive South American white shrimp, the company is innovating in traditional species like tilapia and grass carp, and has achieved large-scale production of monosex seed varieties in fish and yellow catfish [6] Group 9: Participant Overview - A total of 7 investment institutions participated in the recent strategy meeting, including notable names such as Bosera Fund and Tianfeng Securities [8]