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Meihua Holdings' first-half 2026 gross margin fell to 12.93% from 23.18% as lysine and threonine prices dropped sharply. The 98.5% lysine price fell 20.97% year on year, while corn costs rose 5.75%.
Its Jilin subsidiary posted a net loss as new lysine capacity ramped up.
Sharp amino acid price declines reflect oversupply from new capacity, which keeps lysine cheap for feed formulators. Rising corn costs add some offsetting pressure on producer margins.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.