Zheng Quan Shi Bao·2025-10-09 23:23Core Viewpoint - Muyuan Foods (牧原股份) announced a cash dividend plan for the first half of 2025, distributing 9.275214 RMB per 10 shares, totaling 5 billion RMB, alongside a sales report indicating a decline in sales revenue and price for September 2025 [1][3]. Financial Performance - In the first half of 2025, the company achieved a revenue of 76.46 billion RMB, a year-on-year increase of 34.46%, and a net profit attributable to shareholders of 10.53 billion RMB, a staggering increase of 1169.77% [3][4]. - The net profit excluding non-recurring gains was 10.68 billion RMB, reflecting an increase of 1115.32% compared to the previous year [4]. Sales and Pricing - In September 2025, the company sold 5.573 million pigs, a year-on-year increase of 11.05%, with a sales revenue of 9.066 billion RMB, down 22.46% year-on-year [1][2]. - The average selling price of pigs in September was 12.88 RMB per kilogram, a decrease of 30.94% compared to the previous year [1][2]. Market Outlook - The company has adjusted its forecast for piglet output in 2025 from a range of 8 million to 12 million to a new range of 12 million to 14.5 million, indicating a strong demand in the market [2]. Stock Information - As of October 9, 2025, Muyuan Foods' stock price was 52.85 RMB, with a total market capitalization of 288.7 billion RMB [4][5].