天润乳业：一季度实现营业收入6.25亿元

Group 1 - The core viewpoint of the article highlights that Tianrun Dairy, despite facing a net profit loss in Q1 2025, is strategically optimizing its operations and maintaining market resilience through various initiatives [1][2][3] Group 2 - In Q1 2025, the company reported a revenue of 625 million yuan, a year-on-year decrease of 2.5%, and a net profit loss of 73.3 million yuan [1] - The company has improved its average annual milk yield per cow by 0.94 tons to 11.25 tons, with a total cattle inventory of 56,300 heads [1] - The dairy product sales reached 74,500 tons, showing a year-on-year growth of 12.37%, indicating strong market resilience [2] Group 3 - The company has enhanced its cash flow from operating activities, achieving a net cash flow of 47.5 million yuan, significantly improved due to accelerated receivables and increased government subsidies [3] - The company's non-recurring net profit loss was only 1.03 million yuan, indicating strong operational resilience [3] - Analysts suggest that with the industry cycle showing signs of bottoming out and the company's channel expansion efforts, the operational situation is expected to improve gradually starting from Q2 2025 [3]