On September 16, MUYUAN (02714.HK) declined 3.18% in regular trading, trading at HKD 37.1 per share, with turnover of approximately HKD 65.8 million.

On the news front, the company announced on September 15 that its board approved three resolutions related to the first lock-up period expiration of the employee stock ownership plans. Approximately 17.44 million shares have met unlock conditions and are now eligible for distribution, a development that may raise market concerns over near-term selling pressure.

The decline also comes against a backdrop of persistently weak hog prices. August commercial hog sales revenue fell 21.9% year-on-year to RMB 9.254 billion, with the average selling price dropping 23.76% to RMB 10.30 per kilogram. The company reported a net loss of RMB 6.078 billion for the first half, with gross margin turning negative at -1.58%. Multiple brokerages noted that hog prices are expected to remain below cost through the second half, though a cyclical recovery is anticipated for next year.

(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.)