On March 19, Muyuan Foods stated at the 2024 annual report communication meeting that the company's current operation strategy has shifted to steady growth. The capital expenditure for 2024 will also remain at a low level, and in the long term, the capital expenditure will show a downward trend. The company expects the capital expenditure amount for 2025 to be 9 billion yuan, of which the upgrade and renovation of pig houses will account for 3 billion yuan, and the construction of the Zhengzhou industrial park and breeding platform will account for 4 billion to 5 billion yuan. The specific capital expenditure scale in the future will be adjusted based on market conditions and operational circumstances.