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On October 18, a reporter from the Beijing News learned that Wen's shares stated in a recent investor relations event that they had deployed ahead of schedule to prepare for funding.
In response to investors’ questions, Wen’s shares stated that the cost of pig breeding has been declining month by month, including self-propagating and purchased seedlings, the total cost of comprehensive breeding in the third quarter is about 11 yuan/jin
Wen's shares stated that compared with the current pig price, the cost is still higher, "but this is a periodical abnormal fluctuation, mainly due to the large proportion of the high-priced outsourcing pig seedlings in the early stage, the initiative to accelerate the elimination of inefficient sows, and the capacity utilization rate.
In order to deal with the bottom of the pig cycle, Wen's shares have been deployed in advance to prepare funds