HK Stock Market Move | COFCO JOYCOME (01610) opened up more than 7% in the morning, with its fresh pork business turning a profit for the first time, and the brand's market share continuing to increase.

COFCO JOYCOME (01610) rose over 7% in early trading. As of the time of writing, it increased by 5.91% to HKD 1.255, with a transaction volume of HKD 35.795 million. On the news front, as of September 4, the national average price for live pigs was reported at RMB 11.06 per kilogram, marking a cumulative rebound of nearly 17% from the low of RMB 9.47 per kilogram in late June. Huayuan Securities noted that the recent pressure from hog sales has shown overall improvement, with a moderation in supply pressure leading to an overall price recovery; on the demand side, conditions have also improved, providing certain support for pig prices. Prices are expected to trend stronger in the near future. Guoyuan International released a research report stating that in the first half of 2026, COFCO JOYCOME's fresh pork sales reached 197,000 tons, a year-on-year increase of 31.0%. Among these, branded packaged pork sales reached 37.548 million boxes, a year-on-year increase of 35.1%, while flaxseed pork sales increased by 123% year-on-year. The share of branded revenue in the fresh pork business increased to 34.7%, up by 3.5 percentage points from the same period last year. The fresh business is steadily advancing in three main directions: products, channels, and communication, achieving its first profitable turnaround with a profit of RMB 24.42 million, an increase of RMB 28.71 million year-on-year.