Core Viewpoint - The company reported a decline in sales revenue and profitability for the first half of 2025, primarily due to reduced sales in traditional channels, although some growth was seen in leisure food chains, OEM manufacturing, and export businesses [1] Financial Performance - The total sales revenue for the first half of 2025 was approximately RMB 529.7 million, representing a year-on-year decrease of 6.0% [1] - Gross profit for the period was about RMB 154.2 million, down 10.2% year-on-year, with a gross margin of 29.1%, a decrease of approximately 1.4 percentage points compared to the previous year [1] - The profit attributable to shareholders was approximately RMB 21.55 million, reflecting a year-on-year decrease of 34.31% [1] Factors Affecting Performance - The decline in revenue was mainly attributed to reduced sales in traditional channels, which was partially offset by growth in leisure food chains, OEM manufacturing, and export sales [1] - The overall decrease in sales volume led to reduced economies of scale, contributing to the decline in gross profit and gross margin, with gross profit and margin decreasing by approximately RMB 17.5 million and 1.4 percentage points, respectively, compared to the same period last year [1] - The company recorded a one-time gain of RMB 5.5 million from the disposal of property, plant, and equipment, primarily from the sale of land use rights and related facilities in Hubei Province [1] - A one-time impairment loss of RMB 5.4 million was recognized for a construction project in Hubei Province that the company decided not to pursue further [1]
亲亲食品(01583.HK)上半年纯利跌34.31%至2155.1万元 传统销售渠道销售减少