Guangdong Wens Foodstuff Group Co Ltd

Wens Foodstuff Group released its 2026 interim report. Total operating revenue was 46.765 billion yuan, down 6.23 percent year on year. Net profit attributable to the parent company was negative 4.366 billion yuan, swinging from profit to loss, a decrease of 7.841 billion yuan compared with the same period last year, a decline of 225.65 percent. Net cash inflow from operating activities was 422 million yuan, down sharply by 93.48 percent year on year. The company's asset-liability ratio rose to 58.94 percent, gross margin was negative 2.92 percent, return on equity was negative 12.19 percent, and diluted earnings per share was negative 0.66 yuan. The number of shareholders was 114,800, and the top ten shareholders held 23.79 percent of total share capital.

Wens Foodstuff Group disclosed a first-half net loss of 4.366 billion yuan, swinging from profit to loss year on year. Tongkun Group reported first-half net profit of 4.222 billion yuan, up 285.03 percent year on year. Wuhan Guide Infrared saw net profit rise 646.81 percent year on year and plans to pay a dividend of 1 yuan for every 10 shares. Sinomine Resource Group said its lithium sulfate project in Zimbabwe with annual capacity of 100,000 tonnes is expected to be completed and put into production by mid-2027. A total of 119 stocks received buy ratings from institutions today. Among them, East Money Information was given a target price of 31.20 yuan by Guotai Haitong Securities, implying upside of 64.82 percent. On the list of top traded stocks, Hengtong Optic-Electric topped institutional net buying at 656 million yuan, while also attracting net northbound buying of 754 million yuan.

Wens Foodstuff Group's hog sales revenue has declined year-on-year for seven consecutive months, with net profit attributable to shareholders swinging from profit to a loss of 1.07 billion yuan in the first quarter of 2026. The company disclosed on August 5 that it sold 2.7421 million hogs in July, generating revenue of 3.662 billion yuan, down 24.91 percent year-on-year, with the average selling price of live hogs at 10.8 yuan per kilogram, a year-on-year drop of 25.93 percent. In June, hog revenue was 3.078 billion yuan, down 37.44 percent year-on-year; May revenue was 3.24 billion yuan, down 39.13 percent; April revenue was 3.86 billion yuan, down 30.39 percent; March revenue was 4.828 billion yuan, down 11.27 percent; February revenue was 3.956 billion yuan, down 15.58 percent; and January revenue was 4.698 billion yuan, down 12.17 percent. For the full year 2025, the company achieved operating revenue of 103.824 billion yuan, with net profit attributable to shareholders of 5.266 billion yuan, a year-on-year decline of 43.25 percent, mainly due to lower selling prices for broiler chickens and live hogs. Entering 2026, live hog prices continued to hit new lows, with the gross margin at just 2.71 percent in the first quarter, and net cash flow from operating activities plummeting by over 60 percent year-on-year to 1.289 billion yuan. In addition, as of June 30, 2026, the company's total borrowings had increased to 14.005 billion yuan, with cumulative new borrowings of 9.123 billion yuan in the first half of the year, accounting for 21.68 percent of the audited net assets at the end of the previous year, mainly used for purchasing raw materials and supplementing daily working capital.