Zheng Quan Shi Bao·2025-08-20 23:01Core Viewpoint - The company, Muyuan Foods, reported significant growth in its financial performance for the first half of 2025, with substantial increases in revenue and net profit, indicating strong operational efficiency and market demand for its products [1][2]. Financial Performance - The company achieved operating revenue of 764.63 billion yuan, a year-on-year increase of 34.46% [2]. - Net profit attributable to shareholders reached 105.3 billion yuan, reflecting a remarkable growth of 1169.77% compared to the previous year [1][2]. - Basic earnings per share were 1.96 yuan, up 1206.67% year-on-year [1][2]. - The net cash flow from operating activities was 17.35 billion yuan, an increase of 12.13% [2]. - The weighted average return on equity rose to 13.79%, up 12.49 percentage points from the previous year [2]. Production and Sales - In the first half of 2025, the company sold 46.91 million pigs, including 38.39 million market pigs [2]. - The company slaughtered 11.41 million pigs, a year-on-year increase of 110.87% [2]. - The total sales of fresh and frozen pork products reached 127.36 thousand tons [2]. Cost Management and Future Plans - The company reported a decrease in pig farming costs, with the complete cost in June 2025 being below 12.1 yuan/kg [3]. - The company aims to achieve an average cost target of 12 yuan/kg for the year through technological innovation and refined management [3]. - Muyuan Foods is expanding its international presence, having established a subsidiary in Vietnam and submitted an application for H-share listing in Hong Kong [3]. Dividend and Share Buyback - The company announced a mid-term dividend plan, proposing a cash dividend of 9.32 yuan per 10 shares, totaling approximately 5 billion yuan, which represents 47.50% of the net profit attributable to shareholders [3][4]. - In the first half of 2025, the company repurchased shares amounting to 1.11 billion yuan, with total cash dividends and share buybacks reaching 6.11 billion yuan, accounting for 58.04% of the net profit [4]. Market Capitalization - As of August 20, 2025, the company's stock price was 47.5 yuan per share, resulting in a total market capitalization of 259.5 billion yuan [4].