Muyuan Foodstuff reports hog growth as lower prices pressure stock

Published on 10/15/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Muyuan Foodstuff sold 58.73 million hogs in nine months, up 2.45 percent year over year. Muyuan Foodstuff stock faces lower hog prices.

Sales volume meets margin pressure

September sales reached 6.42 million hogs on October 12, 2026.
Muyuan Foodstuff sold 58.73 million hogs in the first nine months of 2026.
TipRanks listed a Buy view with a HKD 56.50 target on October 12, 2026.

Muyuan Foodstuff, CNE100001RQ3, Illustration mit AI erstellt.

Muyuan Foodstuff (ISIN CNE100001RQ3) sold 58.73 million market hogs in the first nine months of 2026, up 2.45 percent from the same period a year earlier. The volume gain came as lower selling prices put pressure on revenue, according to Moomoo on October 13, 2026.

Hog volumes rise as prices fall

Cropli reported on October 12, 2026, that Muyuan sold 6.42 million commercial hogs in September, 15.24 percent more than a year earlier. The average selling price fell 19.57 percent to CNY 10.36 per kilogram, while nine-month hog sales revenue reached CNY 76.817 billion, down 25.72 percent according to Moomoo's October 13 update.

The operating pressure was already visible in the second-quarter figures. Investing.com lists CNY 29.52 billion of revenue and a CNY 4.86 billion net loss for the latest quarter released on August 20, 2026. Revenue fell from CNY 29.89 billion in the preceding quarter, while the net loss widened from CNY 1.21 billion.

What does volume mean for earnings?

The figures point to a difficult trade-off: more hogs reached the market, but the lower price per kilogram outweighed the volume increase. Moomoo reported that breeding sow inventories stood at 2.974 million at the end of September, down 139,000 from the end of June. That reduction may support future supply discipline, but the current sales mix remains exposed to weak prices.

Analyst context is also split from the operating data. The Globe and Mail, carrying a TipRanks update dated October 12, 2026, reported a Buy rating and a HKD 56.50 price target for Muyuan Foods Class H stock, while the same report identified volatile hog prices and animal disease as material operating risks.

Three dated operating markers

On August 20, 2026, the latest quarterly release showed CNY 29.52 billion of revenue and a CNY 4.86 billion net loss, according to Investing.com. On October 12, 2026, September sales reached 6.42 million hogs, according to Cropli. On October 13, 2026, Moomoo reported nine-month sales of 58.73 million hogs and CNY 76.817 billion of hog revenue.

Shenzhen valuation and trading

Muyuan Foodstuff was last at CNY 39.75 on Shenzhen on October 15, 2026 at 9:04 a.m. CEST. Its market capitalization was CNY 217.1 billion, while the 52-week range was CNY 31.81 to CNY 54.00. The current valuation therefore sits below the upper end of its annual trading range, but the operating figures remain the more immediate test for earnings recovery.