COFCO Joycome Foods Warns of Full-Year Loss for 2025
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COFCO Joycome Foods Ltd. has projected a full-year loss for 2025, estimating a loss between RMB230 million and RMB350 million, a stark contrast to a profit of approximately RMB259 million in the previous year. The company cites a significant decline in hog selling prices as the primary reason for this downturn, which has adversely affected profit margins in its hog production business. Despite some improvements in production costs and the fresh pork sector, overall profitability has decreased year-on-year.
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