COFCO JOYCOME (01610) issues profit warning, expecting annual shareholders' net loss to be approximately RMB 230 million to RMB 350 million, turning from profit to loss year-on-year.

COFCO JOYCOME (01610) announced that it is expected that the Group's attributable loss before fair value adjustment of biological assets for the year 2025 will be approximately RMB 230 million to RMB 350 million (unaudited), compared to attributable profit before adjustment of approximately RMB 259 million in the same period last year. The Board of Directors believes that the Group's performance before adjustment has changed from profit to loss mainly due to the following reasons: the selling price of live pigs decreased significantly year-on-year during the period, remaining at a low level, leading to squeezed profit margins in the farming business. Although there were some improvements in farming costs during the period, the fresh brand business made significant breakthroughs, and the effects of technological advancements were evident, the overall profit level decreased year-on-year.