WENS FOODSTUFF GROUP CO., LTD.
温氏股份
300498
Shenzhen Stock Exchange
Company Profile
1. Great Growth Potential and Business Sustainability As a leading agribusiness, Wens promises great growth potential in the context of steady industrial growth thanks to the economies of scale effect. New opportunities boom as urbanization speeds up and household income level climbs. Wens is a very prominent major market competitor famed for high operational, organizational and profit-making efficiency. 2. Mature and Efficient Model and Prominent Competitive Advantages To suit the Chinese market and the industrialization trend, Wens implements a close-knit model of industrial agriculture which features a relationship between the company and peasants. The relationship is a very solid one on account of a rational profit distribution mechanism. Highly-standardized management ensures stable processes and product quality. The model is a very exemplary one for new farms. 3. Leadership in Technological Innovation and Guaranteed Competitive Advantages Technical management based on collaboration with agriculturalists accounts for a rich variety of innovations. Sound technical management and fast commercialization of technology account for the many achievements. Core technologies guarantee process industrialization. Outstanding performance in technical indicators and cost control makes a difference. 4. Expert Management Team and Superb Management System Wens specializes long in agriculture, therefore accumulating very extensive experience. Employment of IT and effective incentives for employees secures management efficiency.
Full description
Wens Foodstuff Group Co.，Ltd. (“Wens” or “the company”), established in 1983, is a husbandry group that gives priority to livestock and poultry farming, supporting the relevant business across the region of modern agriculture and animal. 1 Main Operations and Product Lines 1.1 The company's primary business is the breeding and sale of broiler chickens and pigs, as well as the breeding and sale of ducks, laying hens, pigeons, and other related products. In addition, the company operates complementary businesses along the poultry and livestock breeding industry chain, including poultry and livestock slaughtering, food processing, modern agricultural and pastoral equipment manufacturing, veterinary medicine production, and financial investment. 1.2 The main customer base for broiler chickens, ducks, eggs, and pigeon meat is wholesalers and terminal retailers; for pork, it is wholesalers and meat processing plants. The main customer base for agricultural and pastoral equipment and veterinary medicine includes various breeding enterprises, encompassing the company's own breeding branches and subsidiaries as well as other breeding companies in the same industry. 2 Main Business Model Wens adopts the model of “company + peasant household” for pigs and chickens farming, which features a close-knit contractual relationship between the company and the peasants. Based on technical difficulty, labor intensity, fund availability and market performance, the company entrusts the pigs and chickens rearing to the peasants. They undertake different responsibilities and obligations in the rearing process by entering into a contract. Wens is responsible for the whole chain that combines poultry breeding, breed rearing, feed manufacturing, farm management, disease treatment/prevention and products distribution. Wens has a farm management and service system which covers breeding, breed rearing, feed manufacturing, disease treatment/prevention, products distribution, and providing technical advice to the peasants. The peasants are responsible for pigs and chickens raising. According to the contract, Wens sells pigs and chickens. Finally, the company settles accounts with the peasants.