Luoniushan June hog sales volume drops nearly 20% month-on-month; volume up but price down drags revenue

Earnings
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Summary · why it matters

Luoniushan sold 83,100 hogs in June, down 19.92% month-on-month but up 63.04% year-on-year. Corresponding sales revenue was 78.2871 million yuan, down 22.88% month-on-month and down 11.19% year-on-year. The clear month-on-month decline in hog sales volume, combined with lower hog selling prices, led to a double decline in sales revenue both year-on-year and month-on-month. Looking at the longer cycle, from January to June 2026 the company sold a cumulative 456,200 hogs, up 43.75% year-on-year, but cumulative sales revenue was 560 million yuan, down 7.61% year-on-year, presenting an overall picture of sharply higher sales volume but weaker revenue. The year-on-year increase in monthly and first-half hog sales volume was mainly due to the release of production capacity at some hog farms and an increase in the number of commercial hogs slaughtered. The company also cautioned that hog market prices are prone to large fluctuations, which can significantly impact business performance, and that price volatility is a systemic external risk that exists objectively across the entire industry and is difficult to control independently.

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Luoniushan Co Ltd
000735
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June hog sales volume dropped 19.92% month-on-month and revenue fell 22.88% month-on-month due to lower selling prices.