Shandong Xiantan (002746)2023-08-30 09:01Group 1: Company Overview - Xiantan Co., Ltd. operates a full industry chain including feed processing, breeding, slaughtering, and deep processing of prepared dishes [1] - In the first half of 2023, the company produced 100 million broilers and incurred breeding costs of CNY 259 million [1] Group 2: Financial Performance - Revenue reached CNY 2.785 billion, a year-on-year increase of 37.69% [2] - Gross profit margin for prepared dishes was 12.40%, with a production volume of 7,984 tons and sales volume of 7,580 tons [2] - Net profit attributable to shareholders was CNY 203 million, up 1,107.29% year-on-year [2] Group 3: Operational Strategies - The company focuses on quality development over speed, adhering to a "small steps, steady progress" strategy [2] - Measures taken include optimizing feed formulas and enhancing production efficiency [2] Group 4: Project Updates - The first phase of the Zhucheng project, including feed factory, breeding farm, and slaughterhouse, is fully operational [3] - The expected output for the Zhucheng project in 2023 is 50 million broilers [3] Group 5: Market Trends - Chicken meat consumption is projected to increase due to rising health consciousness and demand for convenient food options [4] - The market for prepared chicken dishes is expected to grow, driven by younger consumers and changing family structures [4]