牧原股份一季度业绩延续高增长 归母净利润同比增长超288%

Group 1 - The core viewpoint of the articles highlights the strong financial performance of Muyuan Foods in Q1 2025, with revenue exceeding 36 billion yuan and a net profit of 4.491 billion yuan, representing a year-on-year increase of over 288% [1] - In Q1, Muyuan Foods sold 22.657 million pigs, including 18.395 million commercial pigs and 4.262 million breeding pigs, with both sales volume and average selling price increasing compared to the same period last year [1] - The company's breeding costs have decreased from 15.8 yuan/kg to 12.5 yuan/kg, approaching the internal cost target of 12 yuan/kg for 2025 [1] Group 2 - The net cash flow from operating activities reached 7.506 billion yuan, a year-on-year increase of 48.14%, with cash and cash equivalents amounting to 23.566 billion yuan, an increase of 6.615 billion yuan from the end of last year [1] - The asset-liability ratio of Muyuan Foods is 59.2%, a decrease of 4.39 percentage points year-on-year, indicating improved financial structure [1] - The company plans to enhance cash flow management and optimize debt structure to ensure stable cash flow [1] Group 3 - Muyuan Foods has shifted its investor return strategy towards increased cash dividends, proposing a dividend of 5.72 yuan per 10 shares, along with an additional dividend of 4.531 billion yuan in Q3 2024, leading to a total annual cash dividend of 7.588 billion yuan, the highest since its listing [1] - The company has announced plans to issue H-shares and list on the Hong Kong Stock Exchange, signaling confidence in its internationalization strategy and commitment to high-quality innovative development [2]