2025年4月，牧原食品股份有限公司（简称“牧原股份”）正式发布2025年一季度业绩预告。公告显示，公司预计实现归属于上市公司股东的净利润为8亿至10亿元人民币，同比大幅扭亏为盈。这一积极信号主要得益于生猪价格自2024年下半年以来持续回暖，叠加公司成本控制能力显著提升，完全养殖成本已降至每公斤14元以下。作为中国最大的生猪养殖企业，牧原股份近年来持续推进智能化、集约化养殖模式，优化疫病防控体系，并通过垂直整合产业链有效降低运营风险。2025年，随着行业产能逐步出清、供需关系改善，猪周期进入上行通道，为公司盈利修复提供了良好外部环境。值得注意的是，牧原股份在保持产能稳定的同时，更加注重高质量发展，强调环保合规与可持续经营。市场分析人士普遍认为，若生猪价格维持当前水平，牧原股份全年有望实现稳健盈利，进一步巩固其在行业中的龙头地位。
In April 2025, Muyuan Foodstuff Co., Ltd. (commonly known as ‘Muyuan’) officially released its earnings forecast for the first quarter of 2025. The announcement indicated that the company expects net profit attributable to shareholders of the listed company to reach RMB 800 million to RMB 1 billion, marking a significant year-over-year turnaround from losses to profitability. This positive outlook is primarily driven by the sustained recovery in hog prices since the second half of 2024, coupled with Muyuan’s enhanced cost-control capabilities—its full production cost has now dropped below RMB 14 per kilogram.As China’s largest hog producer, Muyuan has consistently advanced intelligent and intensive farming models in recent years, optimized its disease prevention systems, and reduced operational risks through vertical integration of its supply chain. In 2025, with industry overcapacity gradually being eliminated and improved supply-demand dynamics, the hog cycle has entered an upward phase, creating a favorable external environment for profit recovery.Notably, while maintaining stable production capacity, Muyuan is placing greater emphasis on high-quality development, prioritizing environmental compliance and sustainable operations. Market analysts widely believe that if current hog prices hold steady, Muyuan is well-positioned to achieve solid full-year profitability, further solidifying its leadership in the sector.
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