圣农发展：上半年净利润9.1亿元，同比增长791.93%

Core Viewpoint - The company reported a slight increase in revenue while achieving a significant rise in net profit, indicating strong operational performance and effective cost management strategies [1] Financial Performance - The company achieved a revenue of 8.856 billion yuan in the first half of the year, representing a year-on-year growth of 0.22% [1] - The net profit attributable to shareholders reached 910 million yuan, showing a remarkable year-on-year increase of 791.93% [1] - The company announced no cash dividends, stock bonuses, or capital increases from reserves [1] Market Strategy - The company is committed to a full-channel strategy, successfully expanding market share despite challenging conditions [1] - The retail channel for consumers (C-end) grew by over 30% year-on-year, with significant growth also seen in export and catering channels [1] - The increasing proportion of high-value channels has optimized the revenue structure, providing stronger support for overall profit growth [1] Cost Management - The comprehensive cost of meat production decreased by over 10% compared to the same period last year [1] - The reduction in costs is attributed to the improved performance of the company's proprietary seed source "901+" and the increasing internal usage ratio [1] - Continuous implementation of refined management has led to enhanced production efficiency across various stages [1] Strategic Acquisitions - The company completed a controlling merger with Sun Valley, which has significantly improved operational efficiency through prior industrial empowerment and lean management [1] - This merger is expected to leverage the advantages of self-controlled seed sources and the synergy of the entire industry chain [1] - The company aims to accelerate the deep integration and technical management empowerment of Sun Valley to further explore its profit potential, injecting new momentum into future performance growth [1]