Muyuan Foods (SZ:002714) Zheng Quan Ri Bao Wang·2026-01-16 02:44Core Viewpoint - The company, Muyuan Foods Co., Ltd., anticipates a net profit of 14.7 billion to 15.7 billion yuan for 2025, despite a decline in overall profitability due to fluctuations in the pig market [1] Group 1: Financial Performance - The expected net profit for 2025 is between 14.7 billion and 15.7 billion yuan, with a non-net profit forecast of 15.1 billion to 16.1 billion yuan [1] - The average selling price of commodity pigs has decreased year-on-year, impacting the company's overall profitability [1] - In 2024, the average cost of pig farming is projected to decrease to around 12 yuan per kilogram, down from 14 yuan per kilogram in 2024 [2] Group 2: Sales and Production - In the previous year, the company sold 77.981 million commodity pigs, generating sales revenue of 132.811 billion yuan [3] - The slaughter volume for the previous year exceeded 28 million heads, achieving a year-on-year growth of over 100% [4] - The company aims for significant growth in its slaughter meat business in 2025, with a successful quarterly profit expected in Q3 due to capacity release and operational optimization [3] Group 3: Strategic Initiatives - The company is actively pursuing international expansion, with significant developments in Southeast Asia through partnerships with companies in Vietnam and Thailand [5] - The company’s Hong Kong stock issuance project has received approval from the China Securities Regulatory Commission, which is expected to support its international business [5] - The company is recognized for its strong counter-cyclical profitability during the downturn in pig prices, leveraging cost advantages and scale to maintain stable earnings [5]