COFCO Jiajiakang (01610) announced interim results. After adjusting the fair value of biological assets, the loss attributable to owners was 1,553 billion yuan year-on-year profit to loss

According to the Zhitong Finance App, COFCO Jiajiakang (01610) announced its 2026 interim results, with revenue of RMB 8.736 billion, a year-on-year decrease of 2.5%. After adjusting the fair value of biological assets, the loss attributable to company owners was RMB 1,553 billion, a year-on-year profit to loss.

According to the announcement, the decline in revenue was mainly affected by lower pig sales prices, meat import business control risks, and active contraction during the reporting period. The loss for the current period prior to the fair value adjustment of biological assets was RMB 1,095 billion, which turned into a year-on-year loss. 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.

The pig breeding division continues to promote cost management throughout the value chain, with breeding costs falling month by month, while speeding up AI breeding applications and pig breeding research, showing results in the application of new quality productivity; the feed division strengthens market research and judgment, efficiently links technical production and marketing, and has achieved remarkable internal and external collaboration results, upgraded the R&D platform, expanded specialty ruminants and aquatic products, enriched the product line, and steadily increased sales; the fresh division turned losses into profits, and the performance increased by RMB 28.71 million over the same period last year, and continued to use flaxseed pork as the core to enrich and deepen the full product line Layout, brand boxed pork sales increased year-on-year in the first half of the year 35.1%, of which sales of flaxseed pork increased by 123% year on year; the Meat Products Division and the Meat Import Division deepened the business model combining processing and trade to accurately grasp the trend of imported beef in the first half of the year, control risks, raise profit levels, and at the same time cultivate downstream channels to build a value chain for imported beef.