Muyuan Foods (SZ:002714) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-10 15:13Core Viewpoint - Muyuansheng Co., Ltd. announced a cash dividend plan and reported significant changes in sales and financial performance for 2025, reflecting both challenges in the market and strong growth in certain areas [1][2]. Financial Performance - For the first half of 2025, Muyuansheng achieved operating revenue of 764.63 billion yuan, a year-on-year increase of 34.46% [2][3]. - The net profit attributable to shareholders reached 105.30 billion yuan, a staggering increase of 1169.77% compared to the same period last year [2][3]. - The basic earnings per share rose to 1.96 yuan, up 1206.67% year-on-year [3]. - The weighted average return on equity increased to 13.79%, up 12.49 percentage points from the previous year [3]. Sales and Market Dynamics - In September 2025, Muyuansheng sold 5.573 million pigs, a year-on-year increase of 11.05%, but a month-on-month decrease of 20.4% [1]. - The average selling price of pigs was 12.88 yuan per kilogram, down 30.94% year-on-year and 4.7% month-on-month [1]. - The total sales revenue from pigs was 9.066 billion yuan, a decrease of 22.46% year-on-year [1]. Industry Comparison - In the first nine months of 2025, competitors such as Wens Foodstuffs Group and New Hope reported average selling prices of 13.18 yuan and 12.89 yuan per kilogram, respectively, both showing significant year-on-year declines [1]. - The price declines across the industry are attributed to changes in the domestic pig market [1]. Dividend Announcement - Muyuansheng announced a cash dividend of 9.275214 yuan per 10 shares, totaling 5.002 billion yuan, with the record date set for October 15, 2025 [1]. Market Position - As of October 10, 2025, Muyuansheng's stock price was 53.22 yuan per share, with a total market capitalization of 290.7 billion yuan and a price-to-earnings ratio of 10.47, the lowest in the pork industry [5][6].