According to Changjiang Securities' research report, in the context of the existing inventory competition in the fodder industry, Guangdong Haid Group (002311.SZ) has been achieving a reverse market share increase based on its strong core competitiveness, and its market share has increased from 5.8% to 7% in the past three years. The bank believes that the current fodder sector is gradually entering a stage of survival of the fittest, and Guangdong Haid Group's strong growth certainty makes its scarcity more prominent, and optimistic about its long-term growth. Currently, the company's corresponding PE valuation for this year is only around 20X, which is at the historical valuation bottom. Considering the company's long-term growth certainty, as well as the downstream breeding prosperity recovery in the second half of this year, coupled with the high growth of overseas fodder business, the company's performance elasticity is significant (the company's performance growth rate is expected to exceed 50% for the year), and is a key recommendation.