甘源食品(002991) - 2025 Q2 - 季度业绩预告

Core Performance Indicators Forecast The company forecasts a significant year-over-year decline in its 2025 first-half net profit and earnings per share | Item | Jan 1, 2025 - Jun 30, 2025 (Forecast) | Prior Period (2024) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Profit: RMB 73.00 million – RMB 75.00 million | Profit: RMB 166.5279 million | | Year-over-Year Change | Decrease: 56.16% - 54.96% | - | | Net Profit After Deducting Non-Recurring Gains and Losses | Profit: RMB 62.00 million – RMB 64.00 million | Profit: RMB 144.41 million | | Year-over-Year Change | Decrease: 57.07% - 55.68% | - | | Basic Earnings Per Share | Profit: RMB 0.80/share – RMB 0.83/share | Profit: RMB 1.83/share | - The performance forecast data is unaudited, but the company has pre-communicated significant matters with its accounting firm, with no major discrepancies[4][5] Analysis of Performance Changes Performance decline is attributed to decreased revenue, rising raw material costs, and increased operating expenses from strategic investments - First-quarter 2025 operating revenue decreased by 13.99% year-over-year, with net profit down 42.21%; while Q2 revenue decline is expected to slow, overall first-half revenue will still decrease year-over-year[6] - Gross profit decreased year-over-year due to the dual impact of reduced revenue scale and increased raw material costs, such as palm oil[6] - Increased investment in brand and product upgrades led to higher selling and administrative expenses year-over-year, specifically for selling expenses (celebrity endorsements, advertising, new product promotion, online/offline channel expansion) and administrative expenses (recruiting excellent management personnel, optimizing management team)[6] - Current brand building investments are part of a long-term plan with no immediate short-term effect, and new products, while promising, are in early promotion stages, not yet scaled, impacting sales expense growth rate temporarily[6] Company Outlook and Risk Warning The company is undergoing strategic operational transformation, causing short-term performance pressure but aiming for long-term growth, while cautioning investors on the preliminary nature of this forecast - The company defines the current period as an 'operational transformation phase,' actively adjusting its business strategy (talent iteration, product development, channel optimization), leading to short-term performance pressure but expected to create greater long-term development space[6][7] - In the second half, the company plans to actively increase sales of new and core products and continuously strengthen internal management to enhance operational efficiency[7] - The company explicitly states that this performance forecast is a preliminary estimate by the finance department, and final financial data will be based on the official '2025 Semi-Annual Report,' advising investors to exercise caution[8]