Muyuan Foods Posts RMB 6.08 Billion H1 2026 Loss on Lower Hog Prices

Muyuan Foods released its 2026 semi-annual report. The report shows that in the first half of the year, the company sold 38.615 million commercial hogs and slaughtered 17.234 million hogs; it achieved operating revenue of RMB 59.41 billion, of which the slaughter and meat business contributed RMB 22.061 billion, up 14.04% from the same period in 2025. Due to a significant year-on-year decline in hog sales prices, the company's net profit attributable to shareholders was a loss of RMB 6.078 billion.

Despite the interim loss, Muyuan Foods' full cost of hog farming continued to decline. In June 2026, the full cost of hog farming was approximately RMB 11.7 per kilogram, further dropping to RMB 11.5 per kilogram in July. After achieving its first annual profit in the slaughter and meat business in 2025, the business remained profitable in the first half of 2026. In addition, the company's overseas expansion is progressing.