Muyuan Foods, China’s largest pig breeder and one of the world’s top pork producers, has announced its intention to pursue a secondary listing on the Hong Kong Stock Exchange. The company is currently listed in Shenzhen and stated that the move is part of a broader effort to expand its global reach and access international capital markets.
The announcement comes at a pivotal time for China’s pork industry. After significant losses in 2023 due to overproduction and soft demand, Muyuan Foods rebounded strongly in 2024, posting a net profit of 17.9 billion yuan (approximately $2.5 billion). This marks a significant turnaround from a net loss of 4.3 billion yuan the year prior.
While China’s pork market continues to face volatility due to fluctuating demand and economic headwinds, Muyuan’s performance signals resilience and strategic growth amid the sector’s recovery. The company is expected to release its first-quarter 2025 results later this month.
As one of the world’s top integrated pork producers, Muyuan’s expansion to Hong Kong would position it for greater visibility and investor engagement in the global marketplace.
