Muyuan Foods (SZ:002714) Zhong Guo Jin Rong Xin Xi Wang·2025-08-20 13:19Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 764.63 billion yuan, a year-on-year growth of 34.46%, and net profit of 105.3 billion yuan, a staggering increase of 1169.77% [1][4]. Financial Performance - Revenue for the first half of 2025 was 76,462.75 million yuan, compared to 56,866.11 million yuan in the same period last year, reflecting a growth of 34.46% [2]. - Operating costs increased to 61,920.83 million yuan, up 18.03% from 52,463.82 million yuan [2]. - The company’s gross profit margin improved, with the breeding business achieving a gross margin of 18.72%, an increase of 10.59 percentage points year-on-year [4]. Business Segments - The breeding business generated 754.46 billion yuan in revenue, a 34.68% increase year-on-year, while the slaughtering and meat business saw revenue rise by 93.83% to 193.45 billion yuan [4][5]. - The company sold 46.91 million pigs in the first half of 2025, including 38.39 million commercial pigs and 8.29 million piglets [5]. Cash Flow and Investments - The net cash flow from operating activities was 17.35 billion yuan, a 12.13% increase from the previous year [3]. - Research and development expenses amounted to 921.06 million yuan, reflecting a 5.19% increase year-on-year [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 208,952, a decline of 25.13% from the previous quarter [6]. - The average shareholding per person increased to 18,200 shares, up 33.57% from the last period [7]. Market Performance - The company's stock closed at 47.5 yuan per share on August 20, 2025, with a market capitalization of 259.5 billion yuan [8].