On July 24, MUYUAN declined 3.06% in regular trading, trading at 32.32 HKD/share, with turnover of approximately 18.70 million HKD. The decline was driven by the company's previously disclosed H1 earnings warning and recent institutional selling pressure.

The company expects an attributable net loss of 5.7 billion to 6.7 billion yuan for H1, compared with a profit of 10.53 billion yuan in the same period last year, representing a swing from profit to loss. The primary cause was a sharp decline in commercial hog selling prices, averaging approximately 10.4 yuan/kg during the period, down roughly 28% year-on-year. Additionally, JPMorgan Chase reduced its holdings by approximately 506,700 shares on July 16 at around 34.12 HKD per share, lowering its stake to 6.94%.

Meanwhile, the company's board and senior management recently completed a 500 million yuan share buyback plan via A-shares, and the company successfully issued a 1 billion yuan science and innovation bond at a rate of 1.95%, signaling efforts to stabilize confidence amid deep cyclical losses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)