YKA(300999)2025-02-20 09:46Financial Performance - The company reported a total revenue of CNY 238.87 billion for the year, a decrease of 5.03% compared to the previous year[2] - Operating profit increased by 7.03% to CNY 3.63 billion, while total profit rose by 7.05% to CNY 3.66 billion[2] - Net profit attributable to shareholders decreased by 12.14% to CNY 2.50 billion, and net profit excluding non-recurring gains and losses fell by 26.42% to CNY 972.27 million[2] Assets and Equity - Total assets at the end of the reporting period were CNY 225.06 billion, down 5.64% from the beginning of the period[3] - Shareholders' equity attributable to the company increased by 2.45% to CNY 93.74 billion, with a net asset value per share of CNY 17.29[3] - The financial condition of the company remains strong, with total assets and equity showing resilience despite the revenue decline[6] Market and Business Performance - The decline in revenue was primarily due to falling product prices, despite an increase in sales volume for kitchen foods, feed raw materials, and oil technology products[4] - The company experienced a loss in the flour business during the first half of the year due to weak market demand and intense competition, but performance improved in the second half[5] Strategic Actions - The company engaged in a share exchange transaction with Shandong Luhua Group, resulting in a pre-tax profit of CNY 389 million, but incurred a tax liability of CNY 550 million[5] - The company plans to continue investing in new projects to strengthen its long-term growth potential[5]