HK Stock Market Move | COFCO JOYCOME (01610) fell more than 3%, expecting the annual net loss attributable to shareholders to be approximately RMB 230 million to 350 million.

COFCO JOYCOME (01610) fell by more than 3%, dropping by 3.11% to HK$1.55 by the time of this report, with a turnover of HK$12.3036 million. On the news front, on February 10, COFCO JOYCOME announced that it expects the group's attributable loss before fair value adjustments of biological assets for the year 2025 to be between RMB 230 million and RMB 350 million (unaudited), compared to an attributable profit before adjustments of RMB 259 million in the same period last year. The Board of Directors believes that the group's performance before adjustments has turned from profit to loss mainly due to the following reasons: the selling price of live pigs has dropped significantly year-on-year during the period, continuing to operate at a low level, squeezing profit margins in the farming business. Although there have been improvements in farming costs and breakthroughs in the fresh food brand business, the effects of technology-driven operations have been evident, the overall profitability level has decreased compared to the previous year.