A股养猪龙头净利润同比增长超1100%！要拿出50亿分红！

Core Viewpoint - Despite a downward trend in pig prices in the first half of the year, the leading breeding company, Muyuan Foods, achieved a net profit exceeding 10 billion yuan, demonstrating its cost advantages [2]. Financial Performance - The company reported operating revenue of 76.46 billion yuan, an increase of 34.46% compared to the same period last year [4]. - Net profit attributable to shareholders reached 10.53 billion yuan, a year-on-year increase of 1169.77% [4]. - The net cash flow from operating activities was 17.35 billion yuan, up 12.13% from the previous year [4]. - Basic earnings per share were 1.96 yuan, reflecting a 1206.67% increase year-on-year [4]. - The weighted average return on equity rose to 13.79%, an increase of 12.49 percentage points [4]. Dividend Policy - The company proposed a cash dividend of 9.32 yuan per 10 shares, totaling 5 billion yuan, which accounts for 47.5% of the net profit for the first half of 2025 [5]. - The total amount for cash dividends and share buybacks in the first half of 2025 was 6.11 billion yuan, representing 58.04% of the net profit [5]. Production and Sales - In the first half of 2025, Muyuan Foods sold 46.91 million pigs, including 38.39 million market pigs and 0.83 million piglets [5]. - The company slaughtered 11.41 million pigs and sold 127.36 thousand tons of fresh and frozen pork products [5]. Cost Management and Future Strategy - The company reported a decrease in pig breeding costs, with the complete cost in June 2025 being below 12.1 yuan per kilogram [6]. - The company aims to achieve an average cost target of 12 yuan per kilogram for the year through technological innovation and refined management [6]. - Muyuan Foods has initiated an "going global" strategy, establishing a subsidiary in Vietnam and applying for a listing on the Hong Kong Stock Exchange [7]. - The company plans to leverage its technological advantages and cost control to capture opportunities in overseas markets [7].