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逆势向上!优然牧业(9858.HK)2025中期业绩大幅改善:现金EBITDA同比增长7.1%

Core Insights - YouRan Agriculture (9858.HK) reported a mid-year performance for 2025, achieving revenue of 10.284 billion, a year-on-year increase of 2.3% [1] - The profit for the period (before fair value adjustments of biological assets) was 1.985 billion, reflecting a year-on-year growth of 10.1% [1] - Cash EBITDA reached 2.811 billion, up 7.1% year-on-year [1] - The gross profit margin stood at 30%, an increase of 1.7 percentage points compared to the previous year [1] Revenue Breakdown - Revenue from raw milk business was 7.896 billion, showing a year-on-year growth of 7.9% [1] - The annualized single production of quality fresh milk breeding cows (excluding SaiKeXing) increased to 13.1 tons [1] - The cost of feed per kilogram decreased by 12% year-on-year [1] Business Segment Performance - Sales volume of precision feed for beef and sheep under the ruminant systematic solution business grew by 60.9% year-on-year [1] - Revenue from breeding business increased by 30.95% year-on-year [1] - Sales of dairy cow sexed embryos rose by 13.5% year-on-year, indicating significant improvement across various business metrics [1]