Securities code: Tangrenshen Group Co.Ltd(002567) securities abbreviation: Tangrenshen Group Co.Ltd(002567)
Tangrenshen Group Co.Ltd(002567)
Record of investor relations activities
■ specific object research □ analyst meeting
Investor relations □ media interview □ performance briefing
Activity category □ press conference □ Roadshow
□ site visit □ others
Name of participant Sealand Securities Co.Ltd(000750) : Cheng Yisheng, Dai Ying and name of personnel GF Fund: Wang Ruidong, Tian Wenzhou, Luo Yang
Time: 11:00-12:00, March 10, 2022
Location: company headquarters
Chairman of listed company: Tao Yishan
Name of receptionist Secretary of the board of directors: Sun Shuangsheng
Investment securities department: Tan Yongbo
First: introduction stage
Introduce the basic information and development strategy of the company (see the publicly disclosed information).
Second: question and answer stage
Q: The company's pig marketing plan from 2022 to 2024?
A: From 2022 to 2024, the number of pigs sold by the company is expected to be 2 million, 3.5 million and 5 million respectively; In terms of marketing rhythm, it is estimated that there will be about 800000 in the first half of 2022 and about 1.2 million in the second half of 2022.
Q: The company's long-term pig development plan?
Investor relations activity a: the main development direction of the company's pig production capacity is to layout the pork consumption area. The long-term development goal is to introduce the annual production of 10 million pigs. In terms of production capacity planning, 3.5 million pigs in Hunan, 3 million pigs in Guangdong, 1 million pigs in Guangxi, 500000 pigs in Hainan 2 million in other regions (including Henan, Hebei, Yunnan, Gansu, etc.).
Q: Can the company adjust the structure of breeding sows at present?
A: Since last year, the company has gradually eliminated inefficient sows, elderly sows and ternary sows, and greatly optimized the breeding sows. The existing sows structure mainly includes original sows, unitary sows and binary sows.
Q: What is the company's feed sales plan for the past three years?
A: In combination with the sales target of the feed business unit, the company has determined that the external sales of feed in 20222024 will be 5.6 million tons, 6.2 million tons and 7 million tons respectively. At the same time, the company continues to adjust the feed structure and improve profits
Profit rate.
Q: Company funds?
A: In the past two years, the company has made sufficient preparations in terms of capital, such as issuing convertible bonds and raising about 2.8 billion yuan through fixed increase, raising 1 billion yuan through industrial fund, and expanding pig production capacity at the bottom of the cycle through medium and long-term project loans; At the same time, the company's feed industry has a good cash flow, which can bring more net cash inflow to the company. In addition, the company obtained a bank credit line of 10 billion yuan, including working capital loans and project loans. On the whole, the company adheres to a relatively stable business strategy, controls the growth of the company's asset liability ratio, and keeps the company's asset liability ratio at a relatively low level in the industry.
Q: What are the advantages of building pig house?
A: As an emerging pig raising method, building pig raising has many advantages that other breeding methods do not have, such as: 1) it is conducive to saving breeding land: multi-storey three-dimensional pig houses are adopted, with high land utilization rate, saving breeding land and realizing intensive and large-scale breeding; 2) It is conducive to improving the per capita efficiency: automatic feeding system, automatic environmental control system and other automatic equipment and facilities are adopted, supporting remote monitoring equipment, which greatly reduces the workload of feeding staff and improves work efficiency; 3) Conducive to environmental protection treatment: adopt centralized exhaust ventilation, equipped with air filtration system, pig manure organic fertilizer treatment and other environmental protection facilities; 4) A two-point three-stage model in one area, that is, a pig farm is built in one area, in which one sow house and one nursery and fattening house are divided into two sections. The logistics and people flow between points are completely separated, which is more conducive to biosafety protection.
Q: How to treat the use of African classical swine fever vaccine?
A: On the one hand, African classical swine fever has been introduced into China for 3-4 years. At present, the industry can prevent African classical swine fever on the whole after biosafety prevention and control; On the other hand, the current progress of African classical swine fever vaccine is not clear. Even after the product comes out, it still needs to be tested in practice.
Q: Operation of the company's pig futures?
A: The company's pig futures team has basically been set up, and continues to pay attention to the development and operation of pig futures business.
Annex list none (if any)
Date: March 10, 2022
