Muyuan Foods (002714) Q1 2025 earnings summary

Executive summary

• Achieved significant turnaround with net profit of ¥4.49 billion, compared to a net loss of ¥2.38 billion in the same quarter last year, driven by higher hog prices and sales volume.

• Revenue rose 37.26% year-over-year to ¥36.06 billion.

• Operating cash flow increased 48.14% year-over-year to ¥7.51 billion.

Financial highlights

• Net profit attributable to shareholders reached ¥4.49 billion, up 288.79% year-over-year.

• Basic EPS was ¥0.83, compared to -¥0.44 last year.

• Total assets grew 5.61% from year-end to ¥198.17 billion.

• Shareholders’ equity increased 5.99% to ¥76.35 billion.

• Non-recurring items had a net negative impact of ¥18.08 million, mainly from asset disposals and government grants.

Outlook and guidance

• Revenue and profit growth attributed to increased hog prices and sales volume.

• Investment income surged due to higher returns from associates.