Wens Food Group Limited stated on February 24 that its net profit attributable to shareholders in 2025 decreased by 43.59% year-on-year, with total assets dropping by 5.73% from the beginning of the year. The main reason cited for this decline was a significant drop in the selling price of live pigs, leading to a corresponding decrease in profit in the pig farming business.
In their “2025 Annual Performance Report,” Wens Food Group Limited (Wens Food) disclosed, “During the reporting period, the company achieved total operating revenue of 103.884 billion yuan, with a total profit of 5.558 billion yuan and a net profit attributable to shareholders of the listed company of 5.235 billion yuan. Net profit attributable to shareholders of the listed company decreased by 43.59% year-on-year.” Additionally, “the average selling price of live pigs was 13.71 yuan per kilogram, down by 17.95% year-on-year.”
The report explained the reasons for the profit decline, stating that although “the breeding costs of the company decreased year-on-year, the significant drop in the selling price of live pigs resulted in a corresponding decrease in profit in the pig farming business.”
Apart from the pig farming business, the profit from poultry, specifically chicken, also saw a decrease. The “2025 Annual Performance Report” revealed, “The company sold 1.303 billion chickens (including live chickens, fresh products, and cooked food) with an average selling price of 11.78 yuan per kilogram for chickens, down by 9.80% year-on-year. During the reporting period, the company’s chicken farming production remained at a high and stable level, but due to the decrease in the selling price of chickens, the profit from chicken farming decreased year-on-year.”
Public information indicates that Wens Food Group Limited is a limited company primarily engaged in animal husbandry. It was established on July 26, 1993, and its headquarters is located in Xincheng Town, Xinxing County, Yunfu City. Initially focused on chicken farming, the company began developing its pig farming business in 1997 and gradually grew to become one of the leading pig enterprises in China.
Throughout 2025, Chinese pig enterprises faced a challenging situation of declining profits. The market widely attributes this situation to economic downturn, leading to a decrease in purchasing power among the public and sluggish market demand. Meanwhile, the high level of pig supply, resulting in an imbalance between supply and demand, led to a decline in pork prices and subsequently decreased enterprise profits.
According to the performance reports for January of the three major listed pig enterprises in China – Muyuan Foods, New Hope Group, and Wens Food – while sales volumes increased year-on-year, their revenues simultaneously declined. As we enter 2026, the condition of these enterprises has not shown signs of improvement.