Muyuan Foods (SZ:002714) Xin Lang Cai Jing·2026-01-15 23:49Core Viewpoint - The company, Muyuan Foods (牧原股份), forecasts a net profit of between 15.1 billion to 16.1 billion yuan for the year 2025, indicating a decline of 14.93% to 20.21% compared to the previous year's profit of 18.925 billion yuan [1][3][9]. Financial Performance - The projected net profit for 2025 is between 15.1 billion to 16.1 billion yuan, down from 18.925 billion yuan in the previous year [3][9]. - The average cost of pig farming is expected to decrease to approximately 12 yuan per kilogram in 2025, down from 14 yuan per kilogram in 2024, reflecting a reduction of 2 yuan per kilogram [3][10]. Business Development - The company's meat processing segment is anticipated to achieve significant growth, with an expected slaughter volume exceeding 28 million heads in 2025, representing a doubling year-on-year [3][10]. - Muyuan Foods has successfully achieved quarterly profitability in its meat processing segment by the third quarter of 2025 [3][10]. Shareholder Information - The controlling shareholder, Muyuan Industrial Group, has completed the release of all share pledges, with the Qin Yinglin family now holding 55.11% of the company's shares in a zero-pledge state. The number of shares released from pledge amounts to 47.5 million, accounting for 5.6% of the total shares held by Muyuan Industrial Group [3][5][10]. International Strategy - Muyuan Foods is actively advancing its internationalization strategy, with significant developments in overseas operations, particularly in Southeast Asia through partnerships with companies like BAF in Vietnam and Charoen Pokphand Group in Thailand [3][12]. - The company aims to replicate its domestic technological and cost advantages in high-growth potential overseas markets, while integrating global resources to enhance its competitiveness [6][13].