Muyuan Foods (SZ:002714) 证券时报·2025-08-20 15:01Core Viewpoint - The article highlights the strong financial performance of Muyuan Foods (牧原股份) in the first half of 2025, showcasing significant growth in revenue and net profit, alongside strategic initiatives for market expansion and cost management [1][3]. Financial Performance - The company achieved operating revenue of 764.63 billion yuan, a year-on-year increase of 34.46% [2] - Net profit attributable to shareholders reached 105.3 billion yuan, reflecting a staggering growth of 1169.77% compared to the previous year [1][2] - Basic earnings per share were reported at 1.96 yuan, up 1206.67% year-on-year [1][2] - The net cash flow from operating activities was 17.35 billion yuan, an increase of 12.13% [2] - The weighted average return on equity rose to 13.79%, up 12.49 percentage points from the previous year [2] Business Operations - In the first half of 2025, the company sold 46.91 million pigs, including 38.39 million market pigs and 0.83 million piglets [3] - The company slaughtered 11.41 million pigs, a year-on-year increase of 110.87% [3] - The total sales of fresh and frozen pork products reached 127.36 thousand tons [3] - The company aims to reduce breeding costs, targeting an average cost of 12 yuan/kg for the year [3] Market Expansion - Muyuan Foods is actively exploring overseas markets, having established a subsidiary in Vietnam and submitted an application for H-share listing in Hong Kong [3] Dividend and Share Buyback - The company proposed a cash dividend of 9.32 yuan per 10 shares, totaling approximately 5 billion yuan, which represents 47.50% of the net profit for the first half of 2025 [4] - In the first half of 2025, the total amount for cash dividends and share buybacks was 6.11 billion yuan, accounting for 58.04% of the net profit [4] Stock Performance - As of August 20, 2025, the stock price of Muyuan Foods was 47.5 yuan per share, with a total market capitalization of 259.5 billion yuan [5][6]