Securities code: 002714 securities abbreviation: Muyuan Foods Co.Ltd(002714) Muyuan Foods Co.Ltd(002714)
Record of investor relations activities
No.: 2022-01 important note: the list of participants is provided by the research institution. Due to the large number of research objects, the company cannot guarantee the integrity and accuracy of the participating units and personnel. Investors are reminded to pay special attention.
Investor relations activity category □ specific object research □ analyst meeting
□ media interview □ performance briefing
□ press conference □ Roadshow
□ site visit
√ others
Name of participating unit and personnel Orient Securities Company Limited(600958) Zhang binmei, fan Jiamin and Qiu gengtao of Wanjia fund
Ping An fund Ye Qian
China Europe Fund Li Shuai
Anxin fund yingzhengda, Zhang Ming, Centennial insurance asset management Li Zhenya
Temasek investment Chang Yuliang
Wang Shuting of Fosun Group and Peng Chenchen of Gaojie Fuguo fund
Guangdong Development Fund Liao Jin
Guolian Securities Co.Ltd(601456) Chen Anyu
SDIC UBS fund Tang Haibo
Huatai Bairui fund LV Huijian
He Jingzhou of Huaxia Fund
Harvest Fund Xie Zelin, Wu Yue Jingshun Great Wall Fund Han Wenqiang, Tang Yi
Ping an asset management Zheng Yan, Wang Jing and Wu Shu of RONGTONG fund
Nie Shuguang of Shanghai Investment Morgan Fund
Taiping assets Zhao Yang
Tianhong fund Dai Yuhang
Wang Jian of Xingquan fund, Wu Qiran of gaoqunshan xingyin fund and Liu Jiang of Qiao Huaguo Great Wall Fund
China Merchants Fund Li Yin, etc
Time: January 7, 2022
Location: company conference room (teleconference)
Secretary of the board of directors Qin Jun
Name of receptionist of listed company
Ma Liancheng, head of investor relations
Main contents of the talks
1、 What are the company’s cost objectives and corresponding cost reduction measures in 2022?
The company aims to achieve a complete cost of 13 yuan / kg in stages as the goal of cost reduction in 2022. In the next step, the company will reduce the dispersion of breeding achievements within the company and reduce the overall breeding cost by improving the operation of high-cost backward farms and subsidiaries, strengthening internal management and personnel empowerment training.
2、 Current pig breeding situation and future trend of the company? Recent breeding quantity?
By the end of December 2021, the company has 2.831 million sows that can be bred. It is expected that the number of sows that can be bred will increase slightly in the coming months. Recently, the monthly breeding amount is about 600000.
3、 What is the signing background of the company and Shuanghui framework agreement? Is there a specific agreement on the cooperation content?
Based on the principle of complementary advantages and mutual benefit, the company and Shuanghui have established a strategic cooperative relationship to give full play to their industrial advantages and achieve common high-quality development. Both parties have completed the signing of this framework agreement on the premise of adhering to the market principle, following the market law and general rules of the industry. In the next step, the details of cooperation such as pig supply and supply price in the bilateral cooperation shall be subject to the specific contract.
4、 What is the company’s next marketing plan and staffing?
The company’s listing plan in 2022 is expected to be disclosed in the annual report in 2021. The company does not set specific personnel growth targets in operation and management. At present, the number of employees of the company can basically meet the current operation and development needs in the future.
5、 What is the current situation of the company’s self-produced sausage? Are there any further promotion plans?
Recently, muyuan meat, a subsidiary of the company, produced homemade sausage in small quantities. The sausage is only launched on the company’s internal shopping platform, and the sales objects are mainly employees, relatives and friends of the company. Relevant businesses are still in the exploration and trial stage, and there is no plan for large-scale external sales at present. The slaughtering business of the company still focuses on developing and serving b-end customers at this stage.
6、 Is the company’s slaughtering capacity put into operation at this stage and the goal of the next stage?
At present, the company has two slaughterhouses in Neixiang and Zhengyang officially put into operation. Four slaughterhouses in Yingshang, Caoxian, Shangshui and Tieling have entered the trial operation stage, with a total slaughtering capacity of 16 million. The company expects the slaughtering capacity to reach 37 million by the end of 2022. The company’s slaughtering capacity utilization rate in 2021 is about 70%. The company will support the company’s slaughtering business to achieve profitability in 2022 by improving capacity utilization rate, expanding sales channels, optimizing sales structure, reducing production costs and other measures.
7、 The average capital expenditure of the company has increased compared with the previous period. Why? Future capital expenditure?
The average capital expenditure of the company has increased compared with the previous period. On the one hand, it is due to the statistical caliber of production capacity. At present, the company discloses that the production capacity refers to the production capacity of the fattening houses built by the company. Due to the differences in project construction speed and changes in production demand, the delivery time of different types of pig houses such as pregnancy houses, nursing houses and fattening houses varies greatly during the same period, Thus, the production capacity of other pig houses is greater than that of fattening houses; On the other hand, due to epidemic prevention and other factors, the investment in ancillary facilities and intelligent equipment of pig houses has increased. The company has no clear plan for the next capital expenditure. List of accessories (if any)
Date: January 8, 2022
