【Poetry and Chinese Animal Protection Special】 Yisheng Co., Ltd. earned 165 million yuan, Minhe Co., Ltd. lost 269 million yuan! China's annual slaughter volume of broiler chickens reached 1.208 billion birds, Asia's number one and fourth in the world.

(Source: Boya Hexun)

On March 25, Yisheng Co., Ltd. released its 2025 annual report. During the reporting period, the company achieved operating revenue of 2.952 billion yuan and realized a net profit attributable to shareholders of 165 million yuan, a year-on-year decrease of 67.17%. The annual performance was under pressure, mainly due to the supply-demand mismatch in the broiler chicken industry in the first half of the year, which led to a downturn in industry prosperity.

On March 27, Minhe Co., Ltd. disclosed its annual report, achieving operating revenue of 2.162 billion yuan in 2025, a year-on-year increase of 0.09%; the net profit attributable to shareholders was a loss of 269 million yuan, compared to a loss of 249 million yuan in the same period last year.

China’s “Chicken King”: The annual slaughter volume of broiler chickens reached 1.208 billion birds, ranking first in Asia and fourth in the world.

Yisheng Co., Ltd. reported a profit of 165 million yuan in 2025, a year-on-year decline of 67%.

On March 25, Yisheng Co., Ltd. released its 2025 annual report, with operating revenue of 2.952 billion yuan, a year-on-year decrease of 5.85%. The net profit attributable to the shareholders of the listed company was 165 million yuan, a year-on-year decrease of 67.17%. The net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 170 million yuan, a year-on-year decrease of 66.08%. Basic earnings per share were 0.15 yuan. The company plans to convert 3 shares for every 10 shares to all shareholders from capital reserves.

The company has always focused on the two core businesses of broiler chickens and breeding pigs, adhering to steady operations and improving quality and efficiency.

In 2025, the company introduced 266,000 sets of grandparent white feather broiler chickens, accounting for over 42% of the national import volume of grandparent white feather breeding chickens.

1. Grandparent white feather broiler chicken introduction: Forward-looking layout to explore new channels and safeguard the security of industry breeding sources.

Due to the ongoing impact of global avian influenza, the overseas introduction channels for grandparent white feather broiler chickens in China have been obstructed multiple times. At the end of 2024, traditional introduction channels such as the United States and New Zealand were interrupted due to avian influenza. With forward-looking strategic layout and rapid response capabilities, the company took the lead in opening a new introduction channel from France in March 2025, effectively alleviating domestic breeding supply pressure and strengthening the security of breeding sources for the white feather broiler chicken industry. In December 2025, overseas introduction channels were once again hindered due to avian influenza in France, and the supply of imported grandparent breeding broiler chickens remained tight.

In 2025, the company introduced 266,000 sets of grandparent white feather broiler chickens, further consolidating its leading position in the industry.

2. Parent generation white feather broiler chickens: Good profitability, with inventory scale reaching a new high.

By the end of the reporting period, the company’s inventory scale of parent generation white feather broiler chickens surpassed 7 million sets, achieving a new high in scaled supply capacity. The parent generation broiler chicken project in Datong, Shanxi, is progressing steadily, and long-term stable supply capacity will continue to enhance.

3. Commercial generation white feather broiler chicks: Performance under pressure in the first half, with average prices gradually recovering throughout the year.

In 2025, the company’s sales volume of commercial generation white feather broiler chicks grew by over 10% year-on-year, but due to the depressed prices in the first half of the year, the average sales price and sales revenue for the year both decreased year-on-year. Coupled with the decline in sales prices and sales volume of parent generation white feather broiler chickens, these dual factors led to a significant year-on-year decline in the annual performance of the white feather broiler chicken segment.

From the quarterly data, the company experienced losses in the first quarter, followed by improvements in the next three quarters, achieving a net profit of 134 million yuan in the fourth quarter, demonstrating strong recovery elasticity.

In 2025, the breeding pig business saw explosive growth, with sales reaching 98,400 heads, a year-on-year increase of 228.43%.

In 2025, the company’s breeding pig business achieved leapfrog development, leveraging the advantages of high-quality and high-health dual-negative breeding pigs, with continuous enhancement in product competitiveness and market recognition. Accompanied by capacity release, the breeding pig business achieved rapid growth in both sales and profitability.

The company sold 98,400 breeding pigs for the year, a year-on-year increase of 228.43%, with a gross profit margin of 20.70%, an increase of 17.62 percentage points compared to the same period last year. The significant increase in operating revenue and profit contribution has enabled the company to successfully enter the first tier of breeding pig enterprises in the country, becoming an important breeding pig supplier for multiple industry leaders, effectively offsetting some of the impact of the decline in performance in the white feather broiler chicken segment.

Minhe Co., Ltd.: Net profit loss of 269 million yuan in 2025.

On March 27, Minhe Co., Ltd. disclosed its annual report, achieving operating revenue of 2.162 billion yuan in 2025, with a year-on-year increase of 0.09%; the net profit attributable to shareholders was a loss of 269 million yuan, compared to a loss of 249 million yuan in the same period last year.

During the reporting period, the overall performance of the white feather broiler chicken industry remained sluggish, with the industry prosperity level at a low level. The market sales prices of the company’s main products, commercial generation chicks and chicken products, were under significant pressure, running at long-term low levels, squeezing the profitability of its main business; the affiliated company Beidahuang Baoquanling Agricultural and Animal Husbandry Development Co., Ltd. continued to incur losses, leading to an overall operating loss for the company.

China’s “Chicken King”: Annual slaughter volume of broiler chickens reaches 1.208 billion birds, ranking first in Asia and fourth in the world.

China is the largest chicken meat consumption market in Asia and the second-largest chicken meat consumer in the world, with chicken meat being the second-largest meat consumption product for Chinese people, following pork. In 2025, the total output of specialized meat chickens in China reached 15.635 billion birds, a year-on-year increase of 5.34%; among them, 9.057 billion were white feather broilers, 3.542 billion were yellow feather broilers, and 2.523 billion were small white feather broilers, representing year-on-year increases of 5.97%, 6.23%, and 1.86%, respectively. The national chicken meat production reached 28.0344 million tons, a year-on-year increase of 6.18%.

According to the “2025 Global Top 50 Broiler Companies” released by WATT International Media, enterprises from 20 countries made the list. China ranked first, with 14 companies included, an increase of 2 from 2024; the slaughter volume was 6.215 billion birds, a year-on-year increase of 20.26%, accounting for 21.43% of the total slaughter volume of the top 50 broiler companies, 52.38% of the domestic chicken meat market share, and 7.91% of the global chicken meat market.

There were 4 “new faces” on the list, all from Chinese companies—Haoming Food, Shuanghui Development, Jiuxing Agriculture and Animal Husbandry, and Xiantan Co., Ltd. [Note: Shandong Chaohe Group and Shanxi Elephant Group, which were tied for 48th place in 2024 (with a slaughter volume of about 230 million birds), unfortunately did not make the list this time.]

Source: Company announcements, Zheng Bin, International Animal Husbandry Network, Poultry Disease Professional Network, etc. If there is any infringement, please contact for deletion at: 0371-63357633.

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