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: teleconference
China International Capital Corporation Limited(601995) : Wang Siyang, Lena Huaxi Securities Co.Ltd(002926) : Zhou Sha, Wei Xinxin
Sealand Securities Co.Ltd(000750) : Cheng Yisheng Citic Securities Company Limited(600030) : Peng Jiale
Yinhua Fund: Tang Neng, Cao Rui, Shanghai Investment Morgan Fund: ye min, Guo Chen, Chen Siyu Guangfa Fund: Wang Boming, Li Wei Hua’an Fund: Wang xuran, Zhang Liang
Wells Fargo Fund: Guo Shujie Great Wall Fund: Yu Huan
Huaxia Fund: Li Xiangjie financing fund: Wu Shu
BAOYING Fund: Zhang ruolun BOCI Securities: Liu Hang
Gao Yi assets: Wang Zhixuan people’s endowment insurance of China: Yu Wenbo
Tianhong Fund: Lin Jianing Chinese business fund: Changning
Name of participant: Western profit Fund: Jin Xiaoting Tianzhi Fund: Zhang Ge
And personnel name: Minsheng Tonghui assets: Rodin China Sea Fund: Yao Chenxi
Qianhai open source Fund: Tian Weishen wanlingxin Fund: Pu Yanjie
Changxin Fund: Wang Qi Qianhai life insurance: Wu xixiong
Everyone’s assets: Qian Yi CAITONG Fund: Shen Li
Zhongrong Fund: Pan Tianqi Zheshang Fund: Bai Yu
Yingda insurance: Xu Wenhao, Shangyin Fund: Li Jiqi
Donghai Fund: Yang Heng China Securities Co.Ltd(601066) Fund: Sun Yongtai
Haifutong Fund: Liu Wenhui, Zhang Zhiqiang Donghai Fund: Li Ke
Yong’an Guofu Fund: Tong Chengjing noan Fund: Zeng Guangkun
Juming Investment: History China Life Insurance Company Limited(601628) asset management: Ma Jintao
Wang Pengkai, Ma Guangxin
Time: March 31 – April 1, 2022
Location: company headquarters
Secretary of the board of directors of listed companies: Sun Shuangsheng
Name of receptionist: investment securities department: Tan Yongbo
First: introduction stage
Investor relations activities introduce the basic situation and development strategy of the company (see the publicly disclosed information). Main content introduction II: question and answer stage
Q: The proportion of pig marketing planning and breeding mode of the company this year? A: The company plans to sell about 2 million pigs this year, of which the proportion of self breeding is expected to be 60%. With the gradual release of the company’s self built capacity and the addition of self built projects, the proportion of self breeding is expected to gradually increase in the next few years. Q: What are the reasons for the outstanding achievements of Longhua agriculture, animal husbandry and breeding? A: The outstanding performance of Longhua agriculture and animal husbandry is mainly reflected in the following points: first, the breeding mode is good. Longhua agriculture and animal husbandry has established itself and adhered to the full self breeding mode, which is conducive to the innovation of production management, business mode and breeding technology; Second, the management team is excellent. Mr. long Qiuhua, the founder, has been involved in the breeding industry for more than 30 years, has rich breeding experience, and Longhua’s agricultural and animal husbandry management team is young, mostly Post-70s and post-80s, with full energy; Third, with excellent corporate culture, Longhua agriculture and animal husbandry has always adhered to the business policy of “doing good deeds, using good people, calculating accounts and sharing money”; Fourth, the breeding technology and hardware conditions are good, the epidemic prevention and control ability is strong, and the health management of pigs is good; Fifth, government support. The local government strongly supports the development of Longhua agriculture and animal husbandry. Longhua agriculture and animal husbandry has strong ability to control the external environment of the pig farm and good epidemic prevention of the pig farm. Q: What is the current pig breeding system of the company? A: The breeding pigs of the company are mainly divided into new American breeding pigs and Dan breeding pigs. The main advantages of new American breeding pigs include good body shape, fast growth speed and high lean meat rate. Considering the new pig breeding capacity of the company, the new American breeding pigs can not fully meet the company’s future development. The company introduced more than 1400 Danish original breeding pigs from Denmark in September 2020. Dan line breeding pigs have strong reproductive ability. At the same time, the company’s new high-standard pig house is more conducive to the breeding of Dan line pigs. In the future, the company will gradually transition to Xindan breeding pigs to improve breeding efficiency. Q: What is the future development plan of the company’s pig industry? 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 sell 10 million pigs a year. At present, most of the production capacity is concentrated in Hunan, and the future will focus on Guangdong, Guangxi and Hainan. In terms of capacity planning, there are 3.5 million in Hunan, 3 million in Guangdong, 1 million in Guangxi, 500000 in Hainan and 2 million in other regions (including Henan, Hebei, Yunnan and Gansu). Q: The impact of covid-19 epidemic on the company’s pig breeding operation? A: At present, the company’s pig production capacity is mainly concentrated in Hunan, Guangdong, Guangdong, Henan, Hebei, Gansu and other regions. The main breeding sites are basically not affected by the epidemic, and a few regions have a corresponding impact on the transportation of pigs due to logistics problems. Q: What is the current situation of the company’s feed sales planning and aquatic feed? A: The company plans to sell 5.6 million tons, 6.2 million tons and 7 million tons of feed from 2022 to 2024. One of the key development directions of feed business department is the production and sales of aquatic feed. At present, the company’s aquatic feed accounts for a low proportion of the company’s total feed sales, but maintains a high growth rate. From January to February, the company’s aquatic feed increased by more than 50% year-on-year. Q: The impact of raw material price rise on the company’s feed? A: Affected by the international situation, the weather of major planting bases abroad and other factors, there are many problems this year
The price of feed raw materials has increased significantly, among which soybean meal has increased by 1 Beijing Century Real Technology Co.Ltd(300150) 0 yuan per ton. The rising cost of feed has prompted the continuous rise of feed prices. At the same time, due to the delay of price transmission, the feed gross profit margin has decreased slightly.
Q: What is the company’s development plan for meat business?
A: At present, the company’s main investment and development direction is pig breeding business. The positioning of meat business is to maintain a stable state, and actively explore the development direction of emerging business. At present, the meat business is mainly divided into product business and slaughtering fresh meat. Among them, product business is the main development direction of the company.
Annex list none (if any)
Date: March 31 – April 1, 2022
