Muyuan Foods (SZ:002714) Zhi Tong Cai Jing·2025-11-26 23:05Group 1 - The core point of the news is that Muyuan Foods Co., Ltd. (stock code: 002714.SZ) has seen its Hong Kong IPO application expire after six months, with Morgan Stanley, CITIC Securities, and Goldman Sachs as joint sponsors [1] Group 2 - Muyuan Foods is a global leader in the pig farming industry, covering the entire industry chain from breeding, pig farming, feed production, slaughtering to meat processing [2] - According to Frost & Sullivan, since 2021, Muyuan Foods has been the largest pig farming enterprise globally in terms of pig production capacity and output, maintaining the highest pig output for four consecutive years [2] - The company's global market share in terms of pig output has increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market share of the second to fourth largest market participants by 2024 [2]