On June 3rd, Muyuan Foods Group Co.,Ltd. (ASX: 002714) announced that Qin Yinglin has resigned from his positions as company director, chairman, member of the strategy and sustainable development committees, and president. Following a review by the company's board, it was proposed to appoint Qin Yinglin as honorary chairman for life and to have him serve as the head of the Muyuan Pig Farming Research Institute. Cao Zhinian was elected as the company's new chairman.
After deliberation by Muyuan's board nomination committee, the next-generation core leader Gao Tong was appointed as the company's president and chief financial officer. It was proposed to elect both Gao Tong and Qin Muyuan as non-independent executive directors. This marks a successful transition of leadership for the company.
Public information indicates that Qin Yinglin has focused deeply on the main business of pig farming, developing 20 major technologies covering breeding, feed, health, and farming. He has driven continuous breakthroughs in core areas such as breeding stock genetics and nutritional research, leading Muyuan Foods Group Co.,Ltd. to grow into a modern agricultural enterprise with a full industrial chain covering feed processing, breeding stock breeding, and pig farming.
In terms of performance, Muyuan Foods Group Co.,Ltd. saw its operating revenue grow from RMB 78.89 billion in 2021 to RMB 144.15 billion in 2025. The number of pigs slaughtered increased from 40.26 million head in 2021 to 77.98 million head in 2025, with the slaughter volume reaching 28.86 million head in 2025, accounting for 36.75% of the total pigs sold. The company's pig farming and breeding stock operations have become the largest in the world, while its feed and slaughtering businesses have both entered the global top three. The next step for Muyuan involves increasing slaughter volume and the proportion of self-slaughtering in its meat business. The company will also gradually expand its customer base to include supermarkets, restaurants, and food processing enterprises, while promoting the development of customized and high value-added products.
Furthermore, Muyuan Foods Group Co.,Ltd. began exploring a global development model and entering the Southeast Asian market starting in 2024. The company completed its Hong Kong stock exchange listing in February 2026, becoming China's first pig farming enterprise to have dual listings on the A-share and H-share markets. The funds raised are intended primarily for international expansion.
In May 2026, the first intelligent pig farm established through Muyuan's cooperation with Vietnam's BAF Agriculture Joint Stock Company officially commenced operations. Muyuan has also assembled a dedicated overseas team to conduct market research, model validation, and business exploration in several Southeast Asian countries, including the Philippines.