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Muyuan Shares (002714): Demonstrates Operational Resilience and Sufficient Capital Reserves, Combining Growth and Value Attributes
1Q26 performance met our expectations. Muyuan announced its 1Q26 results: revenue decreased by 17.1% year-over-year to RMB 29.894 billion, and net profit attributable to shareholders fell by 127.1% year-over-year to -RMB 1.215 billion in 1Q26.
Muyuan Shares (002714): Continuous cost optimization, strong resilience as the industry leader
Earnings Commentary: On April 21, 2026, the company disclosed its Q1 2026 report. During the reporting period, it achieved operating revenue of 29.894 billion yuan, a year-on-year decrease of 17.10%; the total profit reached -1.060 billion yuan, year-on-year.
Western Securities: In March, the output of listed hog enterprises increased both year-on-year and month-on-month, while the average price decreased both year-on-year and month-on-month.
It is recommended to seize the opportunity to position in the hog farming sector, focusing on pig farming enterprises with strong certainty of slaughter growth and stable operations.
Muyuan Shares (002714): Significant Improvement in Asset-Liability Ratio, Synergistic Strength Across the Entire Industrial Chain
The company released its Q1 2026 earnings report, with performance impacted by the downward phase of the hog cycle. In Q1 2026, the company achieved revenue of RMB 29.894 billion, representing a year-on-year decline of 17.1%; net profit attributable to shareholders was -RMB 1.215 billion, marking a year-on-year decrease of 12.
Multiple renowned fund managers have taken action, leading to a wave of public offering investments in consumer stocks.
According to Zhongzheng Jinniu, as of April 22, the 2026 first-quarter reports of several well-known fund managers' public mutual funds and the 2026 first-quarter reports of listed companies disclosed show that some public mutual funds have begun tilting their portfolios toward the consumer sector. In the first quarter, several funds managed by renowned fund manager Mo Haibo — including Wanjiapin Quality Life, Wanjiapin Emerging Blue Chip, Wanjiapin Select, Wanjiapin Harmonious Growth, Wanjiapin Social Responsibility Fixed-term Open, and Wanjiapin Value Advantage One-year Hold — collectively purchased new shares of Kweichow Maotai, holding a total of 445,300 shares by the end of the quarter. Additionally, many of these funds newly bought shares of Muyuan Shares. Meanwhile, funds managed by another prominent fund manager, Yang Jinjin, at Jiaoyin...
Midday Review of Hong Kong Stocks | All three major indices fell, with the technology index dropping 2.19%; tech stocks weakened, Bilibili-W down 5.8%; shipping and port stocks declined, with COSCO Shipping Energy down 4.69%; optical communication bucked
Tech stocks declined, with Bilibili-W dropping 5.80% and Alibaba-W falling 3.37%. Internet healthcare stocks generally retreated, with Easy Health plunging 16.68% and Dinging Health declining 5.31%. Gaming stocks also weakened, as Bilibili-W fell 5.80% and NetEase-S dropped 3.61%.