庄园牧场减亏超六成，精细化管理成效显著

Core Viewpoint - The company, Zhuangyuan Pasture, is expected to significantly reduce its net loss in the first half of 2025, with a forecasted loss of between 26 million to 34 million yuan, representing a reduction of over 60% compared to the previous year's loss of 87.83 million yuan [1][2]. Group 1: Financial Performance - The projected net loss for the first half of 2025 is estimated at 26 million to 34 million yuan, with a basic earnings per share of -0.13 to -0.17 yuan [2]. - The company’s net loss in the first half of 2024 was 87.83 million yuan, indicating a significant improvement with a reduction in loss by approximately 65.8% based on the median forecast of 30 million yuan for 2025 [2]. - In the first quarter of 2025, the company reported an operating income of 210 million yuan and a net loss of 26 million yuan, showing a substantial reduction in losses year-on-year [2]. Group 2: Operational Strategy - The improvement in performance is attributed to the company's strategy of closely coordinating its three major industrial segments and implementing refined management practices across the entire supply chain [3]. - The company has focused on cost reduction, efficiency enhancement, and optimizing operational processes, which have led to an increase in overall gross margin compared to the previous year [3]. - Zhuangyuan Pasture has been investing in modernized and standardized breeding farms, with 10 modern farms currently in operation, seven of which are recognized as "National Student Drinking Milk Source Bases" [3]. Group 3: Industry Context - The dairy industry is facing challenges such as supply-demand imbalances and rising costs, with only 6 out of 19 A-share dairy companies achieving positive net profit growth in 2024 [4]. - Despite the industry's downturn, Zhuangyuan Pasture has demonstrated resilience by enhancing its milk source base, strengthening quality control, and optimizing product structure to mitigate market fluctuations [4]. - The company plans to continue focusing on its core business, improving its governance structure, and implementing quality enhancement actions to boost operational capabilities [4].