Muyuan Foods (SZ:002714) Zheng Quan Ri Bao·2025-08-24 15:44Core Viewpoint - The food and beverage industry demonstrates strong resilience against economic fluctuations, supported by robust consumer demand and innovative business models, with significant growth in revenue and profit observed in the first half of 2025 [1][2]. Group 1: Industry Performance - In the first half of 2025, China's total retail sales of consumer goods reached 24.55 trillion yuan, a year-on-year increase of 5.0%, with catering revenue at 2.75 trillion yuan, up 4.3% [1]. - Among 231 listed companies in the food and beverage sector, 82 have reported their performance, achieving a combined revenue of 550.84 billion yuan, a 7.12% increase year-on-year, and a net profit of 82.13 billion yuan, up 15.30% [1][2]. Group 2: Company Innovations and Growth - 50% of the 82 listed companies reported year-on-year revenue growth, with 86.59% achieving profitability and 53.66% seeing an increase in net profit [2]. - Notably, Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd. reported a remarkable revenue growth of 93.65%, reaching 752 million yuan, and turned a profit with a net income of 185 million yuan [2]. - Muyuan Foods Co., Ltd. led in net profit growth with a staggering 1169.77% increase, achieving a net profit of 10.53 billion yuan, attributed to higher pig sales and lower breeding costs [2]. Group 3: Cash Flow and R&D Investment - Positive cash flow trends were noted, with 44 companies reporting a year-on-year increase in net cash flow from operating activities, including Hebei Yangyuan Zhihui Beverage Co., Ltd. with a 1358.23% increase [3]. - The total R&D expenditure of the 82 companies reached 4.11 billion yuan, with seven companies investing over 100 million yuan, highlighting the importance of innovation in driving growth [3]. Group 4: Shareholder Returns and Dividends - 18 companies among the 82 have announced semi-annual cash dividends totaling 10.39 billion yuan, a significant increase from 5.21 billion yuan the previous year [5][6]. - Muyuan Foods announced its first semi-annual dividend plan, proposing a distribution of 9.32 yuan per 10 shares, totaling 5.002 billion yuan, which represents 47.5% of its net profit [5]. - Henan Shuanghui Investment & Development Co., Ltd. proposed a high dividend of 6.5 yuan per 10 shares, amounting to 2.252 billion yuan, reflecting a 96.94% payout ratio of its net profit [6].