[Muyuan Shares: The profit level of the subsequent slaughtered meat business is expected to further increase] On October 30, Muyuan Shares stated at the 2026 third quarter report exchange meeting on the 29th that in the first three quarters of 2026, the company’s slaughtered meat business had an overall profit of more than 200 million yuan, with an average profit per head of about 10 yuan. The profit level of each quarter fluctuates to a certain extent due to the impact of downstream demand, product structure, and expenses. The profit level of the company's slaughtered meat business is expected to further increase in the future. First, the company will continue to increase the slaughter volume based on the existing production capacity; second, the company will continue to optimize the product structure and increase the proportion of cut products. Compared with mature slaughtering companies in Europe and the United States, China's slaughtering industry still has a lot of room for improvement in the proportion of cut products and small packaging products. This is also an inevitable trend in industry upgrading.