Muyuan Foods (SZ:002714) Zhi Tong Cai Jing·2026-02-06 01:36Core Viewpoint - Muyuan Foods (002714) has successfully listed its shares at a price of HKD 39 per share, raising approximately HKD 10.47 billion through the issuance of 274 million shares, with a trading volume of HKD 469 million at the time of reporting [1] Group 1: Company Overview - Muyuan Foods is a leader in the pig farming industry, employing a vertically integrated business model that encompasses the entire pig industry chain, including breeding, farming, feed production, and meat processing [1] - According to Frost & Sullivan, since 2021, Muyuan Foods has been the largest pig farming enterprise globally in terms of production capacity and output, maintaining the highest pig output for four consecutive years [1] - The company's global market share in 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 competitors [1] Group 2: Business Expansion - Since 2019, Muyuan Foods has expanded into the pig slaughtering and meat processing business to enhance its operational advantages across the entire industry chain [1] - According to Frost & Sullivan, by 2024, Muyuan Foods ranks fifth globally and first in China in terms of slaughtering and meat processing by the number of heads processed [1] - The revenue compound annual growth rate (CAGR) of the company's slaughtering and meat processing business from 2021 to 2024 is the highest among large competitors in the same industry in China [1]