Wens Foodstuff Group (300498) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥103.82 billion, down 1.67% year-over-year; net profit attributable to shareholders was ¥5.27 billion, down 43.25% year-over-year.

• Main business remains meat chicken and pork farming and sales, with 95.69% of revenue from these segments.

• The company maintained profitability despite a downcycle in chicken and pork markets, mainly due to cost control and operational improvements.

• Asset scale was actively reduced, with total assets at ¥89.51 billion, down 5.86% from the previous year.

• The company distributed cash dividends of ¥2 per 10 shares, with a total cash payout ratio of 68.63% of net profit.

Financial highlights

• Operating income: ¥103.82 billion, down 1.67% year-over-year.

• Net profit attributable to shareholders: ¥5.27 billion, down 43.25% year-over-year.

• Gross margin for pig segment: 14.76%; for chicken segment: 5.07%.

• Operating cash flow: ¥11.81 billion, down 39.78% year-over-year.

• Basic EPS: ¥0.7945; weighted average ROE: 12.57%.

Outlook and guidance

• The company expects continued industry volatility but aims to maintain stable operations through cost control, supply chain optimization, and product innovation.

• 2026 focus: deepen cost reduction, enhance quality, accelerate digital transformation, and strengthen brand and channel development.

• Plans to further extend the value chain into slaughtering and food processing to boost value-added and brand premium.