京基智农：养殖业务营收19.25亿元 占上半年营收比例超80%

Core Insights - The company reported a revenue of 2.387 billion and a net profit of 226 million for the first half of 2025, with the breeding business being the main contributor, generating over 80% of total revenue [1] - The strategic layout of the pig breeding business in the Guangdong-Hong Kong-Macao Greater Bay Area has shown significant results, with sales of 1.0621 million pigs and a revenue of 1.895 billion, marking an 11.65% year-on-year increase [1] - The company is actively promoting a light asset operation strategy, expanding its cooperative models with farmers and achieving a high survival rate of 98% for excellent breeding batches [1] Financial Performance - The company achieved a revenue of 2.387 billion and a net profit of 226 million in the first half of 2025 [1] - The breeding business generated 1.925 billion in revenue, accounting for over 80% of total revenue [1] - The gross profit margin for the breeding business was reported at 19.84% [1] Strategic Initiatives - The company is expanding its "company + farmer" breeding cooperation model within a 200 km radius of its feed factories [1] - The number of signed breeding households is steadily increasing, contributing to the expansion of the cooperative scale [1] - The company invested 23.9365 million in R&D, resulting in 30 utility model patents, 21 software copyrights, and 3 invention patents [1] Environmental and Social Impact - The company has successfully converted pineapple processing waste into high-quality feed materials through a collaboration with the Guangdong Academy of Agricultural Sciences, achieving 100% utilization of waste resources [1] - The company’s projects have received multiple certifications, including "Guangdong Province Vegetable Basket Base" and "Shenzhen Vegetable Basket Base," and are recognized as national-level "African Swine Fever-free zones" [2] - The company is involved in setting standards for various products, including chicken, as part of the "Zhenpin" standard system [2]