Luoniushan released its 2026 half-year report. Amid a deep downturn in hog prices and widespread industry losses, the company achieved operating revenue of 1.241 billion yuan, up 14.48 percent year on year. However, net profit attributable to the parent company was a loss of 310 million yuan, swinging from a loss of 6.7171 million yuan in the same period last year. After deducting non-recurring items, net profit attributable to the parent company was a loss of 304 million yuan, compared with a profit of 8.8966 million yuan a year earlier. Net cash flow from operating activities was negative 138 million yuan. Animal husbandry remained the core revenue source, generating 726 million yuan and accounting for 58.49 percent of total revenue, but the segment's gross margin fell to negative 20.39 percent, mainly because the average selling price of live hogs fell below the cost line. Slaughter volume of Duroc-Landrace-Yorkshire hogs rose 53.22 percent year on year to 421,600 head, but hog prices fell about 36 percent year on year. The company made total asset impairment provisions including inventory write-downs of 140 million yuan. The real estate business achieved revenue of 135 million yuan, up 73.87 percent year on year, with a gross margin of 44.75 percent. Total slaughter volume in the slaughtering and cold-chain logistics business rose 65.76 percent year on year.
Luoniushan Co LtdNet profit swung to a large loss of 310 million yuan due to hog prices falling below cost, with negative operating cash flow and asset impairments.
