Muyuan Posts H1 Net Loss of 6.08B Yuan as Hog Prices Stay Low | Earnings Watch

Muyuan Foods reported H1 operating revenue of 59.41 billion yuan, down 22.3% year-on-year. Net profit attributable to shareholders stood at a loss of 6.08 billion yuan, versus a profit of 10.53 billion yuan in the same period last year, marking a 157.7% swing to losses. The company attributed the massive H1 loss primarily to persistently low average selling prices for commercial hogs this year.