Namchow Food(SH:605339) Zheng Quan Zhi Xing·2025-07-14 08:22Core Viewpoint - The company anticipates a significant decline in net profit for the first half of 2025, with estimates showing a decrease of approximately 69.76% to 74.80% compared to the same period last year [2][4]. Financial Performance Summary - The projected net profit attributable to shareholders for the first half of 2025 is estimated to be between 32.36 million and 38.84 million yuan, representing a decrease of 89.60 million to 96.07 million yuan year-on-year [2][4]. - The expected net profit after deducting non-recurring gains and losses is forecasted to be between 30.29 million and 36.35 million yuan, reflecting a reduction of 84.74 million to 90.80 million yuan compared to the previous year [2][4]. Previous Year Comparison - In the same period last year, the total profit was 155.86 million yuan, with a net profit attributable to shareholders of 128.44 million yuan and a net profit after deducting non-recurring gains and losses of 121.09 million yuan [2]. Reasons for Performance Decline - The decline in performance is primarily attributed to significant fluctuations in the prices of key raw materials, which have impacted production costs and profit levels. Key materials include palm oil, soybean oil, coconut oil, and natural cream [2][3]. - Although palm oil prices have slightly decreased entering 2025, they remain high compared to the same period in 2024. Coconut oil prices have continued to rise, reaching historical highs, while the prices of imported natural cream and dairy products have also seen significant year-on-year increases [2][3]. Company Response - The company plans to monitor raw material price trends closely and adjust procurement strategies based on market conditions and operational realities to mitigate the impact of price fluctuations on production [3]. - Efforts will be made to enhance production line automation, strengthen supply chain management, and optimize cost management [3].