COFCO Joycome posts profit rebound, revenue growth in first half 2025

COFCO Joycome Foods Limited achieved a net profit of 203 million yuan before biological assets fair value adjustments for the first half of 2025, a substantial improvement from a net loss of 315 million yuan in the same period of 2024. The group's total revenue increased by 19.8% year-on-year to 8,963 million yuan from 7,483 million yuan, primarily due to stable development and enhanced production efficiency in its hog production business. The gross profit margin before biological assets fair value adjustments rose by 7.2 percentage points to 8.2%.

The hog production segment recorded a profit of 244 million yuan, up 619 million yuan year-on-year. The fresh pork business saw a 25.1% increase in sales volume, reaching 150,000 tons, with revenue growing 21.1% to 2,540 million yuan. Brand business revenue surged 41.5% to 792 million yuan.

Capital expenditure for the period was 942 million yuan, up from 565 million yuan in 2024, mainly for new farm construction. The group's net debt-to-equity ratio was 75.8% as of June 30, 2025, compared to 52.8% at the end of 2024.