Oct 27, 2022 07:57 PM

BUSINESS

Chinese Pork Producers Report Surging Profits as Prices Rise

By Guo Yingzhe and Sun Yanran

Photo: VCG

Photo: VCG

Chinese pork producers have reported solid profits for the third quarter, as expectations of tightening supply and increased seasonal demand continued to drive a price rally from April lows.

Muyuan Foods Co. Ltd. (002714.SZ), China’s largest pig farmer, reported 8.2 billion yuan ($1.1 billion) in net profit attributable to shareholders in the third quarter, reversing four consecutive quarters of net loss, according to its Monday exchange filing.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Match-Fixing Sinks Snooker Players

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin-Sinica Business Brief: China’s First Homegrown Jet Sets Sights on Airbus and Boeing

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Consumers Are Flush With Cash, So Why Does the Recovery Have the Wobbles?

2: Weekend Long Read: How to Get China’s Super Savers to Spend More

3: China’s Factory Activity Gets Back to Growth, but Recovery Remains Patchy, Caixin PMI Shows

4: CATL Shares Nosedive Amid Speculation on Weakened Tesla Tie

5: Chinese Computer Maker Says Its Chip was Made With ‘Support’ From Intel

SPONSORED

OR