Muyuan Food Co., Ltd. (Muyuan Group) announced on January 16th that the company expects a decrease in net profit for the year 2025 ranging from 12.2% to 17.79% compared to the previous year. At the same time, the net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, is expected to decline by 14.12% to 19.45% year-on-year.
In the “2025 Performance Forecast” released by Muyuan Group on January 16th, it stated that the company is expected to achieve a profit of 15.1 billion yuan to 16.1 billion yuan in 2025, a decrease of 14.93% to 20.21% compared to the previous year. The net profit attributable to shareholders of the listed company is projected to be between 14.7 billion yuan and 15.7 billion yuan, down by 12.2% to 17.79% from the previous year. The net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, is estimated to be between 15.1 billion yuan and 16.1 billion yuan, down by 14.12% to 19.45% compared to the previous year.
The announcement stated, “This performance forecast has not been audited by a registered accountant.”
In explaining the reasons for the decline in net profit, the announcement mentioned, “Affected by fluctuations in the live pig market, the average selling price of commercial pigs throughout the year was around 13.5 yuan/kg, a decrease of approximately 17.3% year-on-year, leading to a decline in the company’s overall profit level compared to the same period last year.”
According to the third-quarter report for 2025 released by Muyuan Group on October 31st, in the third quarter of 2025, Muyuan shares achieved a year-on-year decrease of 11.48% in operating income, a 55.98% decrease in net profit attributable to shareholders of the listed company, and a 53.62% decrease in net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses. The basic earnings per share (yuan/share) decreased by 56.42%.
Public information shows that Muyuan Food Co., Ltd. was established in 1992, headquartered in Nanyang City, Henan Province. It is a Chinese listed company with pig farming as its core business, primarily engaged in feed processing, pig breeding, pig farming, and processing. It is one of the leading enterprises in the mainland pig farming industry.
Overall, in 2025, the Chinese pig market continues to experience a downward trend in the pig cycle. From January to September 2025, the monthly average inventory of sows was 40.45 million heads, higher than the normal holding level of 39 million heads, indicating ineffective capacity digestion. Meanwhile, from January to October, the average sow inventory increased to 36.28 million heads year-on-year.