新农开发(600359) - 2025 Q2 - 季度业绩预告

Key Highlights The company anticipates over a 50% decline in H1 2025 net profit due to the acquisition of Tianshanxue Food and subsequent prior period restatement; this forecast is unaudited - Applicable conditions for earnings forecast: achieving profitability with net profit decreasing by over 50% year-on-year[2] - The company completed the industrial and commercial change registration for 100% equity of Xinjiang Tianshanxue Food Co., Ltd. on April 25, 2025, consolidating it into the financial statements for this reporting period[2] - This acquisition is a business combination under common control, and the company has restated prior period financial data[2] - This earnings forecast is unaudited by a certified public accountant[2] I. Current Period Performance Forecast The company forecasts a significant decline exceeding 50% in H1 2025 net profit attributable to the parent and non-recurring net profit, alongside reduced basic EPS (I) Performance Forecast Period The performance forecast period spans from January 1, 2025, to June 30, 2025 - The performance forecast period is from January 1, 2025, to June 30, 2025[3] (II) Performance Forecast Details H1 2025 net profit attributable to the parent and non-recurring net profit are both projected to be RMB 16-22 million, representing significant year-on-year declines of 55-67%, with basic EPS at RMB 0.0392-0.0588 Performance Forecast Summary (H1 2025) | Item | Current Period (RMB 10,000) | Prior Period Restated (RMB 10,000) | Year-on-Year Decrease (Restated) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Owners of Parent Company | 1,600 - 2,200 | 4,914.24 | 67.44% - 55.23% | | Net Profit Attributable to Owners of Parent Company After Deducting Non-Recurring Gains and Losses | 1,600 - 2,200 | 4,865.51 | 67.12% - 54.78% | | Basic Earnings Per Share (RMB/share) | 0.0392 - 0.0588 | 0.1288 | N/A (Derived from net profit decrease) | II. Main Reasons for Current Period Performance Decline The performance decline is mainly attributed to intensified market competition in cotton and licorice product segments, leading to reduced sales volume, lower selling prices, and decreased gross margins - Main business segments (cotton products, licorice products) are affected by intensified market competition[5] - Product sales volume decreased year-on-year[5] - Adopted a strategy of lowering sales prices to adapt to the market competitive environment[5] - Product gross margin decreased[5] III. Risk Warning The company has not identified any significant uncertainties that could impact the accuracy of this performance forecast - The company has not yet identified any significant uncertainties affecting the accuracy of this performance forecast[6] IV. Other Explanatory Matters This performance forecast data is preliminary; final accurate figures will be based on the officially disclosed 2025 semi-annual report, and investors should be mindful of investment risks - The forecast data is a preliminary estimate by the finance department; final data will be subject to the officially disclosed 2025 semi-annual report[7] - Investors are kindly reminded to be aware of investment risks[7]