In the profit warning, COFCO JOYCOME's pig prices have dropped significantly, estimating a turnaround to a loss for the annual performance
COFCO JOYCOME (01610.HK) issued a profit warning, expecting a pre-adjustment loss of between RMB 230 million and RMB 350 million for the fiscal year 2025, compared to a pre-adjustment profit of RMB 259 million in the previous year. The shift from profit to loss is mainly due to a significant decline in the sales price of live pigs during the period, which has remained at a low level, squeezing the profit margin of the breeding business
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