Chinese Pig farming Giant Wens Food Group Co., Ltd. (Wenshi shares), one of the leading enterprises in the pig farming industry in China, announced on August 26 that its net profit attributable to shareholders for the first half of 2026 was a loss of 4.366 billion yuan (RMB), a decrease of 225.65% compared to the same period last year. Wenshi shares attributed the loss to the sluggish pig market and a significant decrease in selling prices.
On the 26th, Wenshi shares released its “2026 Interim Report.” The report shows that “during the reporting period, the company achieved total operating income of 46.765 billion yuan, a decrease of 6.23% year-on-year; net profit was -4.398 billion, a decrease of 224.55% year-on-year, with a net profit attributable to shareholders of listed companies at -4.366 billion yuan, a decrease of 225.65% year-on-year.”
The report indicates that “in the same period last year, the profit was 3.475 billion yuan.”
Explaining the significant decline in net profit and the shift from profit to loss, the report states, “the sluggish pig market and a significant year-on-year decrease in selling prices, with the company’s average selling price of live pigs at 10.50 yuan per kilogram, a year-on-year decrease of 29.67%, leading to a significant decline in the company’s profit in the pig business.”
Overall, the Chinese pig market continued to decline in the first half of the year. The report states, “In the first half of 2026, the overall pig market price in China continued to trend downward significantly year-on-year. According to weekly monitoring data, the average pig transaction price from January to June was 10.52 yuan per kilogram, a 29.5% decrease from 14.92 yuan per kilogram in the same period in 2025, and about a 24% decrease from the annual average price of 13.86 yuan per kilogram in 2025.”
In the overall downturn environment of the pig farming industry, another leading pig farming company, Muyuan Food Group Co., Ltd. (Muyuan shares), released its “2026 Interim Report” on August 21, showing that in the first half of 2026, “operating income was 59.41 billion yuan, a decrease of 22.3% compared to the same period last year, achieving a net profit attributable to shareholders of -6.078 billion yuan, a decrease of 157.72% compared to a profit of 10.53 billion yuan in the same period last year.”
Muyuan shares also attributed the loss to the “significant year-on-year decrease in the selling price of live pigs.”
The Chinese pig farming industry broke through the comprehensive breeding cost line around October 2025, entering a loss-making state. Moving into 2026, pig prices plummeted rapidly, dipping below 10.3 yuan per kilogram in mid-March. By mid-April, in some provinces, the off-farm prices even fell below 8 yuan per kilogram, marking the national average price at a new low in nearly 17 years (since 2009). Listed pig companies suffered losses across the board in the first quarter.