YANGYUAN(SH:603156) Cai Jing Wang·2025-08-22 10:19Core Insights - The company reported a revenue of 2.465 billion yuan for the first half of 2025, representing a year-on-year decline of 16.19% due to decreased sales of walnut milk products [1] - The net profit attributable to the company was 744 million yuan, down 27.76% compared to the same period last year [1] Revenue and Profit Analysis - The decline in revenue is primarily attributed to a drop in sales volume of walnut milk products [1] - The net profit decrease indicates a significant impact on the company's overall financial performance [1] Strategic Initiatives - The company is adapting to market changes by refining and enhancing its sales channels [1] - It continues to strengthen traditional offline distribution and supermarket channels while deepening its e-commerce presence [1] - The company is actively developing new consumption channels such as live streaming and community group buying, which have begun to scale [1] - There is a focus on expanding into niche channels like snack discounts and O2O (Online to Offline) [1] - The company is advancing its "full-domain deep distribution model," establishing a comprehensive channel system that includes both online and offline [1]