Core Viewpoint - Muyuan Foods (牧原股份) announced a cash dividend plan for the first half of 2025, distributing 9.275214 RMB per 10 shares, totaling 5 billion RMB, alongside a sales report indicating a decline in sales revenue and price for September 2025 [1][3]. Financial Performance - In the first half of 2025, the company achieved a revenue of 76.46 billion RMB, a year-on-year increase of 34.46%, and a net profit attributable to shareholders of 10.53 billion RMB, a staggering increase of 1169.77% [3][4]. - The net profit excluding non-recurring gains was 10.68 billion RMB, reflecting an increase of 1115.32% compared to the previous year [4]. Sales and Pricing - In September 2025, the company sold 5.573 million pigs, a year-on-year increase of 11.05%, with a sales revenue of 9.066 billion RMB, down 22.46% year-on-year [1][2]. - The average selling price of pigs in September was 12.88 RMB per kilogram, a decrease of 30.94% compared to the previous year [1][2]. Market Outlook - The company has adjusted its forecast for piglet output in 2025 from a range of 8 million to 12 million to a new range of 12 million to 14.5 million, indicating a strong demand in the market [2]. Stock Information - As of October 9, 2025, Muyuan Foods' stock price was 52.85 RMB, with a total market capitalization of 288.7 billion RMB [4][5].

Core Viewpoint - Muyuan Foods announced a cash dividend plan and reported a decline in sales revenue for September 2025, despite an increase in the number of pigs sold compared to the previous year [1][2]. Financial Performance - For the first half of 2025, the company achieved a revenue of 764.63 billion yuan, representing a year-on-year increase of 34.46% [3][4]. - The net profit attributable to shareholders reached 105.30 billion yuan, a staggering increase of 1169.77% year-on-year [3][4]. - The basic earnings per share were reported at 1.96 yuan, up 1206.67% compared to the same period last year [4]. Sales and Pricing - In September 2025, the company sold 5.573 million pigs, an increase of 11.05% year-on-year, but the average selling price dropped to 12.88 yuan per kilogram, a decrease of 30.94% [1][2]. - The total sales revenue from pigs in September was 9.066 billion yuan, down 22.46% year-on-year [1][2]. - For the first nine months of 2025, the company sold 11.571 million piglets, with an adjusted forecast for piglet output now estimated between 12 million and 14.5 million [2]. Dividend Announcement - The company announced a cash dividend of 9.275214 yuan per 10 shares, totaling 5.002 billion yuan, with the record date set for October 15, 2025 [1].

Core Viewpoint - The company announced a cash dividend plan and reported significant changes in sales and financial performance for September 2025, indicating both growth and challenges in the pig farming industry [2][4]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 764.63 billion yuan, a year-on-year increase of 34.46% [4][5]. - The net profit attributable to shareholders reached 105.30 billion yuan, a staggering increase of 1169.77% compared to the same period last year [4][5]. - The basic earnings per share rose to 1.96 yuan, reflecting a 1206.67% increase year-on-year [5]. Sales Data - In September 2025, the company sold 557.3 million pigs, a year-on-year increase of 11.05% [2][3]. - The average selling price of pigs was 12.88 yuan per kilogram, down 30.94% year-on-year [2][3]. - Total sales revenue from pigs in September was 90.66 billion yuan, a decrease of 22.46% compared to the previous year [2][3]. Market Outlook - The company has adjusted its forecast for piglets to be sold in 2025, increasing the expected range from 800 million to 1200 million to a new range of 1200 million to 1450 million [3]. - The company is focusing on providing high-quality and stable piglet supply to meet market demand [3]. Dividend Announcement - The company announced a cash dividend of 9.275214 yuan per 10 shares, totaling 50.02 billion yuan, with the record date set for October 15, 2025 [2]. Stock Performance - As of October 9, 2025, the company's stock price was 52.85 yuan, with a total market capitalization of 288.7 billion yuan [5].