Gelonghui, December 25 | Guotai Junan released a research report stating that maintaining COFCO Jiajiakang's “gain” rating, the 2023-2025 EPS forecast is 0.14/0.31/0.42 yuan. The company sold a total of 421,000 pigs in November 2023, up 10.2% month-on-month and 24.92% year-on-year. From January to November 2023, a total of 4.447 million pigs were released, an increase of 20.32% over the previous year. The number of pigs released by the company in November 2023 is in line with expectations; the breeding system has been fully upgraded and production capacity is sufficient, which is expected to deliver results, while the share of the fresh pork business continues to increase. According to the research report, the current characteristics of the pig industry are obvious, and it is expected to reach an inflection point in the future. At the same time, the company's breeding system has been fully upgraded to gradually increase the proportion of high-performance breeding pigs. By mid-2023, the company will be able to breed 326,000 breeding pigs and keep a reserve of 326,000 breeding pigs, providing a guarantee for subsequent listing. At the same time, in the face of the sluggish market, the company continues to optimize feed formulations, continuously optimize management, strengthen farm range benchmarking, and narrow the gap in internal farming performance. The cost has been further reduced. The total cost of the company's farming is expected to be less than 16 yuan/kg, and subsequent performance is expected to improve.