On August 6, Gelunhui reported that Central China Securities pointed out that Guangdong Haid Group (002311.SZ) saw a high year-on-year increase in performance in the first half of the year, with a counter-cyclical increase in market share. The company achieved a net profit attributable to its parent of 2.125 billion yuan in the first half of the year, a year-on-year increase of 93.15%, mainly due to the increase in market share and profitability of the main feed business, as well as the turnaround of the breeding sector from a loss to a profit. In terms of breeding costs, the company's team management and professional capabilities have been improved, and comprehensive breeding costs have made progress. In the future, the company will adhere to a light-asset, low-risk hog farming model and maintain a steady operating mode. Based on the price-to-earnings ratios of comparable companies in 2025, the company is in a reasonable valuation range. Considering the future growth potential of the company's performance, we maintain a shareholder investment rating.