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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Wens Foodstuff Group
Wens Foodstuff Group (300498) investor relations material
Wens Foodstuff Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary21 Oct, 2026
Executive summary
9M 2026 attributable net loss was ¥4.961bn, following a ¥5.256bn profit in the prior-year period; sharply lower hog prices drove major losses in hog farming.
Q3 revenue was ¥25.450bn, down 1.88% YoY; 9M revenue was ¥72.197bn, down 4.74% YoY.
Financial highlights
Q3 attributable net loss was ¥595.5m, with a YoY change of -133.44%; 9M adjusted attributable net loss, excluding non-recurring items, was ¥4.999bn.
9M operating cash flow was -¥48.9m, versus ¥8.199bn a year earlier; lower hog prices and higher raw-material prices weighed on cash generation.
9M net loss was ¥4.996bn; income tax expense was ¥52.5m, down 61.34% YoY as deferred tax expense declined.
Segment performance
Hog farming incurred substantial losses amid a sharp decline in the principal product, live hogs; losses at hog-farming subsidiaries also drove minority shareholders’ loss of ¥34.7m for 9M.
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Latest events from Wens Foodstuff Group
- Net profit surged to ¥9.23B on record revenue and strong hog margins in 2024.300498
Q4 2024 - Net loss of ¥4.37 billion on revenue of ¥46.75 billion, driven by low hog prices and industry losses.300498Q2 2026
- Net profit fell 43.25% year-over-year on lower prices, but cash flow and dividends remained strong.300498Q4 2025
- Net loss in Q1 2026 driven by falling hog prices and sharp drop in profitability.300498Q1 2026
- Net profit dropped 18.29% as product price declines outpaced cost reductions.300498Q3 2025
- Net profit jumped 159% to ¥3.47B on higher pig sales, despite chicken segment losses.300498Q2 2025
- Net profit for Q3 2024 soared over 3,000% year-over-year on strong livestock recovery.300498Q3 2024
- Net profit rebounded to ¥1.33B in H1 2024 on strong hog sales and cost control.300498H1 2024
- Net profit rebounded to ¥2.00B in Q1 2025 on strong pork sales and margin gains.300498Q1 2025
Next Wens Foodstuff Group earnings date
Q4 202626 Apr, 2027
Wens Foodstuff Group
Next Wens Foodstuff Group earnings date
Q4 202626 Apr, 2027
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Frequently asked questions
Wens Foodstuff Group is an agribusiness company specializing in livestock breeding and food production. The company focuses on the farming, processing, and distribution of poultry, pigs, and related products, adhering to modern agricultural practices. Wens Foodstuff serves the food industry with a commitment to sustainable farming and high-quality standards across its operations. The company is headquartered in Yunfu, China, and its shares are listed on the Shenzhen Stock Exchange (SZSE).