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An update from COFCO Joycome Foods Limited ( (HK:1610) ) is now available.
COFCO Joycome Foods Limited has warned investors that it expects to swing to a loss of between RMB230 million and RMB350 million for 2025, before biological asset fair value adjustments, compared with a profit of about RMB259 million a year earlier. The board attributed the reversal mainly to a sharp year-on-year decline in hog selling prices, which stayed at low levels and compressed margins in its core hog production business, offsetting lower production costs and operational gains in fresh pork.
Management said technology-led improvements and breakthroughs in the fresh pork segment have begun to yield results, but not enough to prevent an overall drop in profitability. The company cautioned that the figures are based on unaudited management accounts and that final audited results, due in March 2026, may differ, and it urged shareholders and potential investors to exercise caution when trading its shares in light of the expected loss.
The most recent analyst rating on (HK:1610) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on COFCO Joycome Foods Limited stock, see the HK:1610 Stock Forecast page.
More about COFCO Joycome Foods Limited
COFCO Joycome Foods Limited is a Hong Kong-listed food company engaged in hog production and fresh pork businesses. The group focuses on integrating upstream hog farming with downstream pork processing and sales, and has been investing in technology-driven initiatives to improve production efficiency and expand its fresh pork operations in the Chinese market.
Average Trading Volume: 12,964,738
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.51B
See more insights into 1610 stock on TipRanks’ Stock Analysis page.