Muyuan shares: It is expected that the company's annual capital expenditure will be around 12 billion yuan.

Jinshi Data reported on October 30th that Muyuan Stock stated at the 2024 third-quarter report exchange meeting that the company’s capital expenditure in the first three quarters of 2024 was 10.165 billion yuan, with a rise in capital expenditure in the third quarter compared to the second quarter. This is mainly because the company has made preparations in advance for winter disease prevention and control this year, and there has been an increase in expenditure on the addition, upgrading, and renovation of pig farm equipment. It is estimated that the company’s capital expenditure for the whole year will be around 12 billion yuan. The company’s current business strategy has shifted to a stable rise, and the scale of construction in progress is showing a downward trend. It is expected that the annual capital expenditure will gradually decrease in the future.