COFCO Joycome announced its performance for the first half of 2024, with a year-on-year decrease of 35.3% in the number of live pigs sold and a decrease of 21.4% in revenue to RMB 4.571 billion. Before the fair value adjustment of biological assets, the company's net loss was RMB 0.389 billion, compared to a net profit of RMB 0.168 billion in the same period last year. The company stated that the decrease in the number of live pigs sold was mainly due to population rotation, partial closure of some areas, and the impact of diseases, while the share of brand income increased by 0.5 percentage points. In addition, the company actively adjusted its meat import business, proactively reducing volume due to the low domestic beef market, and the import sales volume decreased by 9.1% year-on-year. The board of directors decided not to declare a mid-term dividend and emphasized the continued improvement of breeding efficiency, optimization of management, and strengthening of risk control.

COFCO Joycome announced its performance for the first half of 2024, with a year-on-year decrease of 35.3% in the number of live pigs sold and a decrease of 21.4% in revenue to RMB 4.571 billion. Before the fair value adjustment of biological assets, the company's net loss was RMB 0.389 billion, compared to a net profit of RMB 0.168 billion in the same period last year. The company stated that the decrease in the number of live pigs sold was mainly due to population rotation, partial closure of some areas, and the impact of diseases, while the share of brand income increased by 0.5 percentage points. In addition, the company actively adjusted its meat import business, proactively reducing volume due to the low domestic beef market, and the import sales volume decreased by 9.1% year-on-year. The board of directors decided not to declare a mid-term dividend and emphasized the continued improvement of breeding efficiency, optimization of management, and strengthening of risk control.