Sunner(SZ:002299) Zheng Quan Shi Bao Wang·2025-08-17 14:31Core Viewpoint - Shengnong Development (002299) reported a significant increase in net profit by 792% in the first half of 2025, driven by growth in production and sales volume, despite a slight increase in revenue [1][3]. Financial Performance - The company achieved operating revenue of 8.856 billion yuan, a year-on-year increase of 0.22% [2]. - Net profit attributable to shareholders reached 910 million yuan, marking a 791.93% increase compared to the same period last year [2]. - The net profit after deducting non-recurring gains and losses was 375 million yuan, reflecting a growth of 305.44% [2]. - The net cash flow from operating activities increased by 37.91% to 1.425 billion yuan [2]. - Basic and diluted earnings per share rose to 0.7382 yuan, an increase of 804.66% [2]. - The weighted average return on equity improved to 8.38%, up 7.38 percentage points from the previous year [2]. Business Operations - Shengnong Development's chicken meat sales volume reached 660,900 tons, and processed meat product sales volume was 174,500 tons, representing increases of 2.50% and 13.21% respectively compared to the first half of 2024 [3]. - The company implemented a full-channel strategy, with retail channels growing over 30% year-on-year, and both export and catering channels also experiencing rapid growth [3]. - The completion of the acquisition of Sun Valley contributed significantly to the profit increase, adding 65 million new production capacity [3]. Market Performance - The strong financial performance has positively impacted Shengnong Development's stock price, which has risen nearly 20% year-to-date [4].