Cofco Joycome Foods Limited · HKEX:1610
Cofco Joycome Foods — FY2025 Earnings Presentation
20 slides from Cofco Joycome Foods's earnings presentation, March 2026
Slide 1: 2025 Annual Results Presentation
2025 Annual Results Presentation March 2026
Slide 2: Disclaimer
Disclaimer By participating in the meeting covering this presentation, or by reading the materials related to this presentation, you agree to be bound by the following restrictions: • The information contained in this presentation was prepared by COFCO Joycome Foods Limited(the “Company”, together w
Slide 3: Content
Content Chapter 1 Business Overview Chapter 2 Financial Overview Chapter 3 Strategy and Outlook 2
Slide 4: 2025 Key Operating Metrics
2025 Key Operating Metrics Key Operating Metrics 2025 2024 Change Average selling price of finishing hogs (RMB/kg) 13.39 16.53 -19.0% Fresh pork sales volume (’000 MT) 341 262 +30.3% Branded small-packed fresh pork sales volume 61,876 42,317 +46.2% (’000 boxes) Ratio of revenue from branded business
Slide 5: 2025 Key Financial Metrics
2025 Key Financial Metrics Key Financial Metrics 2025 2024 Change Revenue (RMB MM) 18,579 16,326 +13.8% Profit/Loss for the period (before adj.) (RMB -290 275 down 565 MM) Including: profit/loss attributable to the owners of the Company (before adj.) -292 259 down 551 (RMB MM) Profit/Loss for the pe
Slide 6: Feed production rises while feed ingredient prices diverge
Feed production rises while feed ingredient prices diverge: Corn rises, then falls and rebounds; Soybean Meal peaks and then pulls back National Industrial Feed Production (MM MT) 350 342.25 315.03 300 250 2024 2025 • In 2025, feed production in China increased year-on-year. According to the China F
Slide 7: Hog supply remained ample, while hog prices continued to fluctuate downward
Hog supply remained ample, while hog prices continued to fluctuate downward Chinese Hog Prices（RMB/kg） 2023 2024 2025 22 20 18 16 14 12 10 w01 w05 w09 w13 w17 w21 w25 w29 w33 w37 w41 w45 w49 • In 2025, hog prices rose to the annual high of RMB16.4/kg at the beginning of the year, and then continued
Slide 8: 2025 Business Highlights
2025 Business Highlights 1 Promote Cost Reduction & Efficiency Enhancement in Hog Production Segment 2 Deepen Feed R&D-Procurement Synergy for Cost Control 3 Accelerate Application & Transformation of New Quality Productive Forces 4 Brand-Driven, Volume & Profit Breakthroughs in Fresh Pork Segment 5
Slide 9: Promote Cost Reduction & Efficiency Enhancement in Hog Production Segment
Promote Cost Reduction & Efficiency Enhancement in Hog 1 Production Segment Breeding Herd Rotation： Continuously implemented herd rotation, eliminated inefficient production capacity and increased the proportion of high-quality breeding hogs Breeding Structure Optimization: Increased the proporti
Slide 10: Deepen Feed R&D-Procurement Synergy for Cost Control
Deepen Feed R&D-Procurement Synergy for Cost 2 Control • Enhanced Synergies, Integrated R&D & Procurement: Driving Cost & Efficiency Gains to Boost Feed Core Competitiveness Synergistic Advantages：Strengthened internal and external collaboration, with the internal synergy volume of hog feed increasi
Slide 11: Accelerate Application & Transformation of New Quality Productive Forces
Accelerate Application & Transformation of New 3 Quality Productive Forces Optimize Sci-Tech Innovation System：Established the Joycome Research Institute, under which six centers, including hog breeding, animal nutrition, animal health and advanced intelligent manufacturing, were set up to focus on
Slide 12: Brand-Driven, Volume & Profit Breakthroughs in Fresh Pork Segment
Brand-Driven, Volume & Profit Breakthroughs in Fresh Pork 4 Segment Brand drives comprehensive Linseed-fed pork powers brand-specific advancements breakthrough Fresh pork 5.31billion RMB business revenue +9.4% YOY Branded 1.70billion RMB business revenue Expand Channel Coverage Launching new product
Slide 13: Deepen the Integration of Beef Processing and Trade
5 Deepen the Integration of Beef Processing and Trade Meat Import：Further cultivating downstream channels and building a beef value chain In 2025, global beef prices entered an upward cycle, while beef import volume in China decreased and prices increased. The Company accurately judged market trends
Slide 14: Building a Full-Chain Ecological Recycling Green Development Model
Building a Full-Chain Ecological Recycling Green 6 Development Model Farming + Breeding contributing to Circular Development •Biogas slurry and fertilizer are recycled, applied to over 250,000 mu of farmland and irrigating more than 40 crops including rice, alfalfa, forest trees and vegetables. •The
Slide 15: Content
Content Chapter 1 Business Overview Chapter 2 Financial Overview Chapter 3 Strategy and Outlook 14
Slide 16: 2025 Financial Highlights
2025 Financial Highlights 1 Revenue amounted to RMB18,579 million Strengthened brand investment and increased R&D efforts, with 2 sales and R&D expenses rising year-on-year; affected by the payment for the acquisition of COFCO Jiahua during the reporting period, finance costs increased year-on-year.
Slide 17: Revenue amounted to RMB18,579 million
1 Revenue amounted to RMB18,579 million Hog production COFCO Feed (RMB MM） (RMB MM） • In 2025，the processed feed sales vulume of • In 2025, hog production business realized an COFCO Feed was 2,074 thousand MT, increased revenue of RMB 8,878 million by 6.6% year-on-year 10,000 8,878 7,000 6,736 6,370
Slide 18: Selling, administrative expenses and finance costs
Strengthened brand investment and increased R&D efforts, with sales and R&D 2 expenses rising year-on-year; affected by the payment for the acquisition of COFCO Jiahua during the reporting period, finance costs increased year-on-year. Selling and distribution Expenses/ Administrative and other opera
Slide 19: Content
Content Chapter 1 Business Overview Chapter 2 Financial Overview Chapter 3 Strategy and Outlook 18
Slide 20: Strategy and Outlook
Strategy and Outlook 1 Firmly Promote End-to-End Value Chain Cost Governance • Launch targeted key initiatives, focus on advancing nine core farming tasks, including health cost, feed cost and labor efficiency improvement, to achieve a comprehensive reduction in breeding costs. 2 Firmly Promote Tech