Muyuan Foods Co.,Ltd. (002714.SZ), a listed hog farming company, announced during its Q3 2025 earnings conference that its slaughtering and meat business achieved profitability in the third quarter, indicating the initial success of its overall operational strategy. The company stated that Q3 marked the best quarterly performance in recent years for its slaughtering segment, driven by improved capacity utilization, expanded sales channels, enhanced customer service capabilities, and optimized product mix.
For Q4 2025 and beyond, Muyuan expects continued growth in slaughtering volume. Based on market demand and operational planning, the company will steadily advance the construction of previously planned but unbuilt slaughtering facilities. From January to September 2025, Muyuan slaughtered 19.16 million hogs, a 140% year-on-year increase, with a capacity utilization rate of 88%. The company noted that slaughtering volumes have risen progressively this year, accompanied by significant internal operational improvements, culminating in Q3 profitability—a milestone signaling a new phase of development.
In hog farming operations, Muyuan sold 57.323 million commercial hogs in the first nine months of 2025, up 27% year-on-year. The company emphasized its compliance with national production capacity adjustments, reducing its breeding sow inventory to 3.305 million by the end of Q3. Despite slight feed price increases this year, Muyuan’s full-cycle hog farming costs have declined month-on-month due to sustained production efficiency gains and improved management. By September, costs had fallen to RMB 11.6 per kilogram, down RMB 1.5 per kilogram from January, attributed to operational enhancements and reduced overhead amortization.
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