降本显著 牧原股份上半年净利增近12倍 承诺能繁母猪存栏量年末将降至330万头

Core Viewpoint - The company, Muyuan Foods, reported a significant increase in its half-year performance, with a net profit growth of 1169.77% and plans for substantial cash dividends to shareholders, while actively participating in industry capacity regulation [2][3][5]. Financial Performance - In the first half of the year, the company achieved operating revenue of 764.63 billion yuan, a year-on-year increase of 34.46% [3] - The net profit attributable to shareholders reached 105.3 billion yuan, reflecting a remarkable growth of 1169.77% [3] - The company sold 46.91 million pigs, with a slaughter volume of 11.41 million pigs, marking a 110.87% increase year-on-year [3] - The cash flow from operating activities was 173.5 billion yuan, up 12.13% compared to the previous year [2] Dividend and Share Buyback - Muyuan Foods plans to distribute a cash dividend of 9.32 yuan per 10 shares (including tax), totaling 50.02 billion yuan [2][7] - As of June 30, the company has repurchased 52.54 million shares, with a total transaction amount of 2.11 billion yuan [2][7] Industry Capacity Regulation - The company is committed to reducing its breeding sow inventory to 3.3 million by the end of the year, in line with national capacity regulation efforts [4][5] - As of the end of the second quarter, the breeding sow inventory was reduced to 3.43 million, a decrease of 54,000 heads [5] - The company aims to lower the average weight of pigs for slaughter to 120 kg by the end of the year [5] Strategic Initiatives - Muyuan Foods is expanding its global presence, having established a subsidiary in Vietnam and applied for an H-share listing in Hong Kong [7] - The funds raised from the H-share listing will primarily be used for smart farming research and international supply chain development, rather than increasing domestic production capacity [7] Commitment to Quality and Sustainability - The company emphasizes the importance of meeting customer needs and aims to produce safe and healthy pork products while promoting high-quality industry development [8]