Zhejiang Huatong Meat Products Co Ltd

Huatong Shares announced on the evening of September 23 that the company learned Deputy General Manager Zhu Wenwen was subjected to compulsory measures by the Jiaojiang Branch of the Taizhou Municipal Public Security Bureau on September 22, and the case is still under investigation. The company stated that as of now it has not received any notice, request for assistance, or investigation document from the public security authorities, and the compulsory measures against Zhu Wenwen have not had a material adverse impact on the company's daily operations. Public information shows that Zhu Wenwen was born in 1980 and currently serves as Deputy General Manager of Huatong Shares and General Manager of Taizhou Huatong Food Company Limited, with compensation of 392,000 yuan from the company in 2025. In the first half of 2026, Huatong Shares reported revenue of 3.541 billion yuan, down 16.57 percent year on year, and a net loss of approximately 477 million yuan. The company's latest share price is 8.36 yuan per share, with a total market value of 6.706 billion yuan.

Huatong Co. released its 2026 interim report, showing total operating revenue of 3.541 billion yuan, down 16.57 percent year on year. Net profit attributable to the parent company was a loss of 476 million yuan, swinging from profit to loss and down 553 million yuan from the same period last year, a decline of 725.52 percent. Net cash flow from operating activities was a negative 89.7257 million yuan, down 120.30 percent year on year. The company's asset-liability ratio rose to 67.02 percent, gross margin was negative 3.29 percent, return on equity was negative 14.18 percent, and diluted earnings per share was negative 0.59 yuan. The number of shareholders was 27,400, and the top ten shareholders held 50.85 percent of the total share capital.

Huatong Co. released its 2026 interim report on August 26. First-half revenue was 3.54 billion yuan, down 16.6 percent year on year. Net loss attributable to the parent company was 476 million yuan, a year-on-year decline of 725.5 percent. Operating cash flow was negative 89.73 million yuan, down 120.3 percent year on year. Second-quarter revenue was 1.68 billion yuan, down 22.6 percent year on year, with a net loss attributable to the parent company of 236 million yuan. As of the end of the second quarter, total assets stood at 10.497 billion yuan and net assets attributable to the parent company at 3.36 billion yuan, down 12.4 percent from the end of the previous year. The company mainly engages in hog farming and slaughtering. Hog sales volume rose 21.82 percent year on year, but low pork prices led to lower revenue and losses. The company has taken measures such as delaying restocking and culling low-yield sows, and has flagged risks including food safety and animal disease.

Huatong Co. announced that hog sales revenue in July 2026 was 225 million yuan, down 33.14% year on year and up 4.63% month on month. Hog sales volume that month was 170,000 head, down 6.72% month on month and down 13.19% year on year. The average selling price of commercial hogs was 10.65 yuan per kilogram, up 11.17% month on month. Chicken sales volume was 1.38 million birds, up 63.71% year on year and up 18.25% month on month. Chicken sales revenue was 15.31 million yuan, up 13.39% year on year and down 18.82% month on month. The company said the year-on-year increase in chicken sales volume was mainly due to higher slaughter volume, while the month-on-month decline in chicken sales revenue was mainly due to lower selling prices. In the first quarter of 2026, Huatong Co. reported revenue of 1.865 billion yuan and a net loss attributable to the parent company of 241 million yuan.

Huaton Shares disclosed its earnings forecast, expecting a net loss attributable to shareholders of 400 million to 500 million yuan in the first half of 2026, compared with a profit of 73.0383 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 420 million to 520 million yuan, compared with a profit of 55.9856 million yuan a year earlier. Basic earnings per share are projected at negative 0.5 yuan to negative 0.62 yuan. The company stated that although hog slaughter volume increased year-on-year, persistently low hog prices led to a decline in farming profits. Meanwhile, due to falling market prices for live pigs and pork, it made provisions for inventory write-downs on consumable biological assets and pork inventories.

Huatong Shares released its June 2026 sales data. Hog sales revenue was 215 million yuan, down 38.30 percent year-on-year and down 19.24 percent month-on-month. Hog sales volume was 180,000 head, down 9.17 percent year-on-year and down 23.47 percent month-on-month. The average selling price of commercial hogs was 9.58 yuan per kilogram, up 0.63 percent month-on-month. Chicken sales revenue was 18.86 million yuan, up 51.71 percent year-on-year and down 0.70 percent month-on-month. Chicken sales volume was 1.17 million birds, up 34 percent year-on-year and down 6.73 percent month-on-month. The month-on-month decline in chicken sales volume and revenue was mainly due to reduced slaughter volume. In the first quarter, the company achieved revenue of 1.865 billion yuan, with a net loss attributable to the parent company of 241 million yuan.

Huatong Shares announced that its hog sales revenue in June was 215 million yuan, down 38.30% year-on-year. The number of hogs sold that month was 182,000, down 23.47% month-on-month and down 9.17% year-on-year. In terms of chicken sales, the number sold in June was 1,167,500, down 6.73% month-on-month but up 34% year-on-year. Chicken sales revenue was 18.8598 million yuan, down 0.70% month-on-month but up 51.71% year-on-year.