HK Stock Market Move | Muyuan Foods (02714) fell more than 6% after its performance results, hitting a new low in its stock price. The decline in pork prices dragged down the annual net profit by more than 13%.

Muyuan Foods (02714) dropped more than 6% after the performance report, hitting a low of HK$38.34 in intraday trading, setting a new record low. As of the time of writing, it fell by 5.46%, trading at HK$39.12 with a turnover of HK$143 million. On the news front, Muyuan Foods released its annual performance, achieving a revenue of 144.145 billion yuan for the year, a slight increase of 4.49% year-on-year; net profit attributable to equity holders was 15.487 billion yuan, a decrease of 13.39% year-on-year. Among them, the revenue from slaughter and meat business was 45.228 billion yuan, an increase of 86.32% year-on-year, accounting for 31.4% of the company's total revenue, and achieving profitability for the first time in 2025. In its annual report, Muyuan Foods pointed out that the core reason for the decline in net profit in 2025 was the decrease in pig prices. According to monitoring data from the Ministry of Agriculture and Rural Affairs, the average price of live pigs for the full year of 2025 dropped to 14.44 yuan/kg, a decrease of 9.2% year-on-year, reaching a new low since 2019. It is estimated that the average profit per head of slaughtered pigs in 2025 was 31 yuan, a decrease of 183 yuan compared to 2024.