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福建圣农发展股份有限公司 2025年第一季度报告

Core Viewpoint - The company has successfully transitioned from traditional livestock farming to high-value food manufacturing, focusing on food processing and leveraging its breeding technology and full industry chain synergy to drive high-quality growth [20]. Financial Data Summary - As of the end of the reporting period, cash and cash equivalents increased by 889.18 million yuan, a growth of 117.90%, primarily due to strong operational cash flow and increased bank financing [5]. - The company's net profit attributable to shareholders increased by 2.09 billion yuan, a rise of 338.28%, driven by improved cost management and enhanced production efficiency [8]. - The net cash flow from operating activities increased by 210.57 million yuan, a growth of 60.70%, benefiting from lower feed raw material prices and effective cost control [11]. Business Performance Summary - The company achieved over 30% year-on-year growth in its retail business despite challenges in the overall retail sector [9]. - The company’s strategic focus on food processing and diversified product systems has become a core driver of its high-quality growth [20]. Industry Classification Change - The company has changed its industry classification from "A03 Animal Husbandry" to "CA13 Agricultural and Sideline Food Processing Industry," reflecting its strategic shift towards food processing [20].