COFCO Jiajiakang (01610) Fa Ying Guang expects losses attributable to shareholders before the mid-term adjustment to be about 1 billion yuan to 1.2 billion yuan year-on-year profit and loss

According to the Zhitong Finance App, COFCO Jiajiakang (01610) issued an announcement. It is estimated that the Group's loss due to company owners before the fair value adjustment of biological assets for the six months ending June 30, 2026 is about RMB 1 billion to RMB 1.2 billion (unreviewed), and the profit attributable to company owners before the same period in 2025 is approximately RMB 198 million.

The Group's performance declined year-on-year before the adjustment, mainly due to the following reasons: pig sales prices fell during the reporting period, and profit margins in the breeding business were squeezed. During the reporting period, the company continued to deepen cost management throughout the value chain. Through continuous promotion of breeding research and development, as well as optimization and improvement of procurement, production and health management, breeding costs improved markedly, while using pig futures tools to hedge some operating risks; new product development, brand investment and channel development continued to strengthen, driving the overall performance of the brand business; the feed business was deeply involved in product innovation and market expansion, and the scale grew year-on-year. However, the above measures were unable to fully offset the impact of lower pig sales prices on breeding performance, leading to a year-on-year decline in overall profit levels.