Yisheng plans to expand Parent Stock to 10 million sets and commercial chick capacity to 1 billion within four years, using both new builds and potential acquisitions. It is also preparing a phased overseas push, starting with product exports. With tighter GP supply and avian influenza disruptions to French sourcing, the company expects a stronger PS market in 2026 and has redirected nearly CNY 190 million (USD 26.46 million) to new PS projects in Datong.
Yisheng said it is working on a new growth plan that would significantly expand its broiler breeder platform over the next four years, while also sketching out a step-by-step overseas strategy.
In an exchange with institutional investors on January 7, the company said it aims to raise its Parent Stock (PS) inventory to 10 million sets and expand commercial stock chick capacity to 1 billion chicks within four years. Alongside building new sites, Yisheng said it is also considering expansion through acquisitions.
From product export to “team, tech and capital” going out
Yisheng said it is weighing an “overseas” strategy in stages. The first step is product export. The company said its agricultural and animal husbandry equipment has already been exported to Southeast Asian countries, and it is also in talks with Central Asian countries about exporting hatching eggs. Later steps could include teams, technology, and capital going out, as well as developing overseas markets together with downstream partners.
Yisheng described itself as China’s largest Grandparent Stock (GP) white-broiler breeding company. It said it imported 266,000 sets of GP broiler breeders in 2025, accounting for more than 40% of China’s total imported GP white-broiler breeders that year. It also said it sold 640 million commercial white-broiler chicks in 2025.
In August 2025, Yisheng disclosed that its GP white-broiler breeder inventory was about 400,000 sets at the time, while its PS breeder inventory exceeded 6 million sets.
Tighter imports, higher PS prices, and a rethink on pig investment
Looking broader, China’s GP white-broiler imports fell by more than 10% year-on-year in 2025, Yisheng said. It added that avian influenza in France’s main breeding regions late in the year led to some import plans being suspended, and that there had been no news so far about sourcing from other countries. Against that backdrop, Yisheng expects PS market conditions to be relatively strong in 2026.
It also said PS prices have risen for several consecutive months, and that its latest transaction price is now above CNY 53.00 (USD 7.38) per set .
For commercial stock chicks, Yisheng said the outlook is not just about supply. It also flagged pork prices in 2026 as a key variable: if pork prices rebound, it could lift chicken prices and, in turn, chick prices. “Based on this, we expect the 2026 commercial chick market to be better than 2024, when chick prices were relatively good,” the company said.
Against that expectation—and with the state carrying out hog capacity controls—Yisheng recently decided to redirect nearly CNY 190 million (USD 26.46 million) in raised funds that were originally earmarked for a breeding pig farm project in Weihai, Shandong. The company said the funds will instead be used to build three PS broiler breeder projects in Datong, Shanxi, each with an inventory of 120,000 sets. These projects form part of Yisheng’s planned 1 million-set PS project in Datong.
Yisheng has been pursuing a “dual-wheel drive” across breeding chickens and breeding pigs. It began gradually ramping up breeding pig product volumes in October 2023, it said. In 2024, it sold nearly 30,000 breeding pigs, rising to 98,000 in 2025, and it said its pig farms are currently operating at full capacity.
The company also said its layer line has passed the pilot stage. It expects to obtain a new strain certificate in the first half of this year, and said it will then increase layer breeder inventory depending on how market promotion progresses.
Zhuochuang: GP renewals eased, but stayed high in 2025
In a separate report released on January 7, Zhuochuang Information said China’s GP white-broiler breeder renewals fell versus 2024 but remained at a high level, driven by increased domestic multiplication and higher-than-expected imports in the second half of the year.
Zhuochuang put China’s total GP renewals in 2025 at 1,535,800 sets, down 3.48% year-on-year. Domestic multiplication reached 907,200 sets, up 10.36%, while imports were 628,600 sets, down 18.27%.
By breed system, the Cobb system had the largest renewal volume at 25.26% of the total, though its share fell by 1.20 percentage points versus 2024. Domestically developed breeds accounted for 34.46% in total, up 3.47 percentage points, with Shengze 901, Guangming 2, and Wode 188 accounting for 16.67%, 11.72%, and 6.07%, respectively.
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