COFCO Joycome Swings to 2025 Loss as Hog Prices Slump Despite Revenue Growth

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2026.03.23 04:38
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COFCO Joycome Foods Limited reported a 13.8% revenue increase to RMB18.58 billion in 2025, driven by higher hog production and a 30.3% rise in fresh pork sales volume. However, the company incurred a loss of RMB290 million due to a 19% drop in average hog prices, leading to a decision not to declare a final dividend. The stock is rated as a Hold with a price target of HK$1.50. COFCO Joycome focuses on the domestic Chinese market, emphasizing brand building and retail channel expansion.