Namchow Food(SH:605339) Zhong Guo Jing Ji Wang·2025-08-13 07:00Core Viewpoint - Nanchao Food (605339.SH) reported a decline in revenue and profit for the first half of 2025, indicating potential challenges in its financial performance [1]. Financial Performance Summary - The company achieved operating revenue of 1.555 billion yuan in the first half of 2025, a decrease of 0.69% year-on-year [3]. - The net profit attributable to shareholders was 35.96 million yuan, down 72.00% compared to the same period last year [1][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 33.65 million yuan, reflecting a decrease of 72.21% year-on-year [1][3]. - The net cash flow from operating activities was 34.34 million yuan, a significant drop of 84.72% year-on-year [1][3]. Previous Year Comparison - In 2024, the company reported an operating revenue of 3.159 billion yuan, an increase of 2.49% year-on-year [3]. - The net profit attributable to shareholders for 2024 was 201 million yuan, a decrease of 13.34% year-on-year [3]. - The net profit after deducting non-recurring gains and losses for 2024 was 183 million yuan, down 15.75% year-on-year [3]. - The net cash flow from operating activities in 2024 was 232 million yuan, a decrease of 44.93% year-on-year [3]. Company Background - Nanchao Food was listed on the Shanghai Stock Exchange on May 18, 2021, with an issuance of 63.53 million shares at a price of 16.98 yuan per share [4]. - The total amount raised from the initial public offering was approximately 1.079 billion yuan, with a net amount of about 991 million yuan after deducting issuance costs [4]. - The raised funds were allocated for expansion projects, cold chain storage upgrades, R&D center improvements, and customer service and information system upgrades [4][5].