Securities code: 002567 securities abbreviation: Tangrenshen Group Co.Ltd(002567)
Tangrenshen Group Co.Ltd(002567)
Record of investor relations activities
■ target specific research □ analyst meeting
Investor relations □ media interview □ performance briefing
Activity category □ press conference □ Roadshow
□ site visit □ others
Name of participant China Merchants Securities Co.Ltd(600999) : Xiong Chenghui and name of personnel: bocom Schroeder Fund: Fu Aibing
Time: 10:00-11:00, January 20, 2022
11:30-12:30, January 21, 2022
Location: conference room on the third floor of the company headquarters
Secretary of the board of directors of listed companies: Sun Shuangsheng
Name of receptionist: investment securities department: Tan Yongbo
First: introduction stage
Introduce the basic situation and development strategy of the company (see the publicly disclosed information).
Second: question and answer stage
Q: What is the planned marketing volume of the company in three years and the proportion of Longhua agriculture and animal husbandry?
A: According to the existing production capacity and capital situation, combined with the business objectives of the pig raising division, the company reasonably arranges the marketing plan, and plans to market 2, 3.5 and 5 million pigs respectively from 2022 to 2024, of which the proportion of Longhua agriculture and animal husbandry is expected to be about 30%, 40% and 40%.
Investor relations activity Q: Pig Raising in Longhua agricultural and animal husbandry building?
A: Most of the pig breeding capacity of Longhua agriculture and animal husbandry is building pig breeding. The existing building pig houses have been operating for more than one year. Various production and operation indicators are better than bungalow pig breeding. The 1 million self breeding buildings built this year are a two-point and three-stage model, that is, one sow house and one nursery and fattening house. The nursery and fattening houses are divided into two sections. The logistics and people flow between points are completely separated, which is more conducive to biosafety protection.
Q: The impact of building pig breeding on breeding cost?
A: The construction cost of building pig house is higher than that of bungalow pig house, but its amortization period is longer, and the impact on pig breeding cost has not increased significantly. In addition, the building pig house has many advantages that other breeding methods do not have: it adopts automatic equipment and facilities such as automatic feeding system, automatic environmental control system and automatic fecal cleaning system, which reduces the amount of feeding staff and is conducive to improving the per capita efficiency; Centralized exhaust ventilation, air filtration system, pig manure organic fertilizer treatment and other environmental protection facilities are adopted, which is conducive to the environmental protection department
Physical and biological safety prevention and control; The high-rise building is easy to light, ventilate and keep warm, which is conducive to the healthy growth of pigs. In general, the cost of pig raising in buildings is better than that in bungalows.
Q: Longhua farming and animal husbandry management group and team?
A: Longhua agriculture and animal husbandry is a pig enterprise that has been operating for more than 30 years, with strong team cohesion. The founder, Mr. long Qiuhua, has rich experience in raising pigs and has experienced many pig cycles. Longhua agriculture and animal husbandry has excellent business performance in history, and its first average profit is in the forefront of the industry. Based on the above situation, the company implements the special zone management system for Longhua agriculture and animal husbandry, provides it with capital, technology, management and other empowerment, maintains the stability of Longhua agriculture and animal husbandry management team, supports Longhua agriculture and animal husbandry to innovate the cooperation mechanism, and promotes the business partner mechanism, African swine fever prevention and control partnership system, etc.
Q: What are the company's capital expenditures and funds?
A: The company's capital expenditure this year is about 3 billion yuan. It is estimated that hundreds of millions to 1 billion yuan of capital expenditure will be required in the first half of this year to complete the breeding projects to be completed. The company has relatively sufficient funds and can be financed through bank project loans. In addition, the company's current pig production capacity is relatively sufficient. The management considers the strategy of steady operation and moderate expansion, and the capital expenditure has slowed down relatively this year.
Q: What is the hedging scale and delivery warehouse of the company's pig futures?
A: The pig futures team of the company has been basically set up. At present, there are attempts to do small-scale hedging transactions. In addition, the company is actively applying for pig futures delivery library to facilitate enterprises to participate in hedging and increase pig spot sales channels.
Q: After the occurrence of African swine fever, what are the reasons for the increase of epidemic prevention costs in the industry?
A: Since the occurrence of African swine fever, the epidemic prevention cost of pig industry has increased significantly, mainly in the following aspects: vehicle cost: it is necessary to add new vehicles, so as to make special vehicles, special feed transport vehicles and special pig transport vehicles; Decontamination cost: the vehicle disinfection and drying process is increased or extended, and the use of disinfection drugs is increased; Personnel cost: the number of patrol personnel outside the pig farm is increased, and the isolation time of personnel in and out of the pig farm is longer; In addition, there are pig farm equipment transformation costs, etc.
Annex list none (if any)
Date: January 20-21, 2022
