COFCO JOYCOME (01610) announced its interim results for 2025. After biological asset fair value adjustments, the group achieved operating revenue of RMB 8.963 billion (same currency unit below), representing a year-on-year increase of 19.77%. Profit attributable to owners of the company reached RMB 317 million, up 0.2% year-on-year, with basic earnings per share of RMB 0.0691. The group continued to intensify brand promotion and channel development efforts, with brand revenue proportion increasing by 4.5 percentage points compared to the same period last year.

The group's operating revenue of RMB 8.963 billion increased by 19.8% year-on-year, primarily driven by stable production pace and improved production efficiency in the main breeding business, leading to growth in segmental operating revenue. Before biological asset fair value adjustments, profit attributable to owners of the company was RMB 198 million, turning from loss to profit year-on-year, mainly due to stable production pace and cost improvements in the main pig breeding business, as well as significant loss reduction in the fresh food business.

After biological asset fair value adjustments, profit attributable to owners of the company was RMB 317 million. The fair value of biological assets was adjusted based on pig prices at the end of June 2025.