According to the Huatai Securities Research Report, Muyuan Co., Ltd. issued a 26H1 performance forecast. 26H1's net profit loss to mother was 5.70-6.70 billion yuan, and net profit loss after deducting non-return to mother was 5.50-6.50 billion yuan, which turned into a year-on-year loss. The estimated net profit loss for 26Q2 was 4.9-5.49 billion yuan, after deducting net profit loss of 43.6-5.36 billion yuan from non-return mother, which turned into a year-on-year loss. Due to increased downward pressure on pig prices in the second quarter, the company's performance was under phased pressure. However, the company's cost side continues to be optimized, and recent buybacks and executive holdings increase also demonstrate the company's confidence in crossing the cycle. It is believed that the trend of accelerated production capacity reduction and medium- to long-term pig price bottoming out is quite clear. The pig breeding sector may be ready for optimization. 26H2 is expected to reduce losses, profit flexibility can be expected in 27 years, and slaughter and overseas travel are also expected to further contribute to profit growth and maintain a “buy” rating.

According to the Huatai Securities Research Report, Muyuan Co., Ltd. issued a 26H1 performance forecast. 26H1's net profit loss to mother was 5.70-6.70 billion yuan, and net profit loss after deducting non-return to mother was 5.50-6.50 billion yuan, which turned into a year-on-year loss. The estimated net profit loss for 26Q2 was 4.9-5.49 billion yuan, after deducting net profit loss of 43.6-5.36 billion yuan from non-return mother, which turned into a year-on-year loss. Due to increased downward pressure on pig prices in the second quarter, the company's performance was under phased pressure. However, the company's cost side continues to be optimized, and recent buybacks and executive holdings increase also demonstrate the company's confidence in crossing the cycle. It is believed that the trend of accelerated production capacity reduction and medium- to long-term pig price bottoming out is quite clear. The pig breeding sector may be ready for optimization. 26H2 is expected to reduce losses, profit flexibility can be expected in 27 years, and slaughter and overseas travel are also expected to further contribute to profit growth and maintain a “buy” rating.