On July 8, Muyuan Foods (02714.HK) declined 3.28% in regular trading, trading at HK$31.18/share, with turnover of approximately HK$52.03 million.
On the news front, the company recently disclosed its June sales report showing significant deterioration across key metrics: commercial hog sales volume was approximately 6.227 million heads, down 11.28% year-on-year; average selling price was 9.69 yuan/kg, down 31.18% year-on-year; and sales revenue was approximately 7.5 billion yuan, representing a steep 41.40% year-on-year decline. Cumulative first-half commercial hog sales revenue totaled approximately 50.145 billion yuan, down over 29% year-on-year.
The current hog price of 9.69 yuan/kg remains well below the company's Q1 full breeding cost of approximately 11.6 yuan/kg, indicating the industry continues to operate in a deep loss environment. The market has formed clear expectations that Q2 earnings will remain under significant pressure, driving continued share price adjustment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments