HAID GROUP(SZ:002311) Xin Lang Cai Jing·2025-07-31 04:14Core Viewpoint - The company Hai Da Group has shown strong performance in the first half of 2025, with significant growth in revenue and net profit, while also expanding its feed sales and exploring new markets, despite facing challenges in the poultry sector [1][2][3]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 58.831 billion, a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 2.639 billion, up 24.16% [2]. - The feed sales volume reached approximately 14.7 million tons, including about 1.05 million tons for internal use, marking a year-on-year growth of about 25% and setting a historical high for the same period [2]. Business Segments - The overseas feed sales volume increased by approximately 40% year-on-year, indicating robust development in existing regions and active expansion into new areas [2]. - The company is implementing a new operational model for pig farming, focusing on purchasing piglets, collaborating with family farms, and managing risks effectively [2]. Challenges and Strategic Focus - The poultry and slaughtering businesses have recorded losses due to low poultry meat prices in the first half of the year [3]. - The company aims to achieve a total sales target of 51.5 million tons by 2030, with a focus on increasing domestic capacity utilization and expanding overseas feed business [4]. Competitive Advantages - The company attributes its success in overseas markets to strong product capabilities driven by R&D innovation, a comprehensive service system, and the application of its successful domestic model [5]. - The company has established seedling farms in countries like Vietnam and Indonesia, tailoring its approach to local aquaculture species [6]. Market Outlook - The current market for freshwater fish is favorable, with good profitability, while shrimp and crab farming remains stable with refined management practices [10]. - The company continues to invest in its core businesses of animal health and seedlings, recognizing their critical role in intensive animal farming [10].