嘉必优：上半年净利润1.08亿元，同比增长59.01%

Core Viewpoint - The company, Jia Bi You, reported a significant increase in both revenue and net profit for the first half of 2025, driven by market demand for new standard infant formula products and a recovery in the maternal and infant consumption market due to birth subsidies [1] Financial Performance - The company achieved an operating revenue of 307 million yuan, representing a year-on-year growth of 17.6% [1] - The net profit attributable to shareholders reached 108 million yuan, marking a year-on-year increase of 59.01% [1] - Basic earnings per share were reported at 0.64 yuan [1] Market Dynamics - The demand for ARA and DHA products derived from algae is steadily increasing, influenced by the gradual replacement of old standard infant formula products with new national standards [1] - The maternal and infant consumption market is experiencing a recovery, supported by birth subsidies [1] - The concentration of leading infant formula brands in the industry is rising, contributing to significant growth in sales from core customers [1]