Core Viewpoint - COFCO Joycome (01610) experienced a stock price increase of 4.79%, reaching HKD 1.97, with a trading volume of HKD 86.04 million following the release of its interim performance report [1] Financial Performance - The company reported a revenue of RMB 8.963 billion, representing a year-on-year increase of 19.77% [1] - The profit attributable to the company's owners was RMB 317 million, showing a slight increase of 0.2% year-on-year [1] - Before the fair value adjustment of biological assets, the profit attributable to the owners was RMB 198 million, indicating a turnaround from loss to profit [1] Business Operations - The stable production rhythm and cost improvements in the pig farming business contributed to the financial performance [1] - The fresh food business significantly reduced losses, enhancing overall profitability [1] Asset Valuation - The fair value of biological assets was adjusted based on the pig prices projected for June 2025 [1] Strategic Initiatives - The company is focusing on cost reduction through comprehensive participation across all levels and segments, which may enhance cost competitiveness [1] - As of the end of the first half of 2025, the company reported liquid biological assets of RMB 2.79 billion, an increase of 16.9% compared to the end of 2024 [1] - The company is exploring a light-asset farming model, which is expected to support an output of 5 to 6 million pigs in 2025 [1] Market Strategy - The fresh pork brand strategy is showing positive results, with efforts to improve product quality and expand sales channels, including major supermarkets and e-commerce platforms [1] - The company aims for precise communication with consumer groups, which is anticipated to gradually enhance profit contributions [1]
中粮家佳康再涨超4% 生物资产公允价值调整前净利润实现同比扭亏为盈