Zheng Quan Ri Bao Zhi Sheng·2026-01-30 16:36Group 1: Company Performance - Mu Yuan Food Co., Ltd. (牧原股份) expects a net profit of 14.7 billion to 15.7 billion yuan for 2025, representing a year-on-year decline of 12.20% to 17.79% due to lower average selling prices of live pigs and increased production management efficiency [1] - Wen's Food Group Co., Ltd. (温氏股份) anticipates a net profit of 5 billion to 5.5 billion yuan for 2025, reflecting a significant year-on-year decrease of 40.73% to 46.12% driven by lower sales prices of both live pigs and chickens [2] Group 2: Industry Trends - The overall pig farming industry is experiencing an increase in volume but a decrease in price, leading to a differentiated profitability landscape, with larger enterprises maintaining relative profitability due to scale advantages while smaller operators exit the market [3] - The phenomenon of "旺季不旺" (旺季不旺) in 2026 is attributed to a combination of supply-demand imbalance, weak demand, and cyclical mismatches, with high inventory levels of breeding sows contributing to increased output but lower prices [3] - Analysts predict that pig prices may stabilize and rebound in the second half of 2026, although the extent of the rebound may be limited due to improved production efficiency of sows and preemptive restocking behaviors among producers [3]