Muyuan Foods (002714.SZ) releases a profit forecast, with an expected net profit for 2024 of 17-18 billion yuan, turning losses into profits year-on-year.

Muyuan Foods (002714.SZ) releases its performance forecast for 2024, predicting a net profit attributable to shareholders of the listed company of 17-18 billion RMB for the full year, turning losses into gains compared to the previous year. The company's operating performance for 2024 has turned losses into gains, mainly due to an increase in the number of pigs slaughtered and the average selling price of pigs compared to the same period last year. In addition, the cost of pig farming has decreased compared to the same period last year.