Muyuan Foods (SZ:002714) Zheng Quan Shi Bao·2026-01-16 00:15Core Viewpoint - The company, Muyuan Foods, is experiencing a decline in net profit for the current reporting period compared to the previous year, while simultaneously making significant advancements in cost management and international expansion efforts [3]. Financial Performance - Net profit for the current period is projected to be between 15.1 billion and 16.1 billion yuan, representing a decrease of 14.93% to 20.21% compared to 18.925 billion yuan in the same period last year [3]. - The average complete cost of pig farming is expected to decrease to approximately 12 yuan per kilogram in 2025, down from 14 yuan per kilogram in 2024, indicating a cost reduction of 2 yuan per kilogram [3]. Business Development - The company's meat processing segment achieved a significant milestone by turning profitable in the third quarter of 2025, with an estimated slaughter volume exceeding 28 million heads, marking a year-on-year doubling in production capacity utilization [3]. - Muyuan Foods is actively pursuing an internationalization strategy, having established partnerships with BAF in Vietnam and Charoen Pokphand Group in Thailand to expand its breeding operations in Southeast Asia [5]. Shareholder Information - The controlling shareholder, Muyuan Industrial Group, has completed the release of all pledged shares, with the Qin Yinglin family now holding 55.11% of the company's shares in a zero-pledge state. The number of released pledged shares amounts to 47.5 million, representing 5.6% of the total shares held by Muyuan Industrial Group [3][5]. Future Outlook - The company aims to replicate its domestic technological and cost advantages in high-growth potential overseas markets, while also integrating global resources to enhance its competitive edge [5].