广弘控股：2025年上半年归母净利润同比增加3.94% 冷链与养殖双轮驱动释放成长潜能

Core Viewpoint - Guanghong Holdings reported a steady performance in the first half of 2025, with revenue of 1.147 billion yuan and a net profit of 73.52 million yuan, reflecting a year-on-year increase of 3.94% [1] Group 1: Financial Performance - In the first half of 2025, the company achieved operating income of 1.147 billion yuan and a net profit attributable to shareholders of 73.52 million yuan, marking a 3.94% increase year-on-year [1] - As of the end of the reporting period, total assets amounted to 6.653 billion yuan, with net assets attributable to shareholders at 3.176 billion yuan [1] Group 2: Cold Chain Logistics and Supply Chain Transformation - The company is transitioning from a traditional frozen product wholesaler to a comprehensive supply chain service provider, leveraging its cold chain logistics and frozen product trading center in South China [2] - Guanghong Foods' frozen product trading center supplies over half of Guangzhou's frozen meat reserves, holding a leading market share and serving as a crucial platform for regional livelihood [2] - The company has expanded its end-to-end delivery services, providing a full range of food ingredient deliveries to over 60,000 students in multiple schools in Xinyi City [2] - A standardized supply chain system covering 20 categories, including grains, meat, poultry, seafood, and vegetables, has been established [2] - The company has enhanced its supply chain stability and efficiency through information technology, achieving 21 new certifications, including HACCP and green supply chain management [2] Group 3: Agricultural Innovation and Livestock Expansion - The agricultural and animal husbandry business is a core pillar for the company, with significant breakthroughs in seed innovation and livestock capacity expansion in the first half of 2025 [4] - The "No. 3 White Chicken" has been officially approved as a new breed in South China, enhancing the company's competitive edge in the chick and meat chicken markets [4] - The He Yuan national chicken breeding base has commenced full production, improving hatch rates to 89.93% and reducing mortality rates to 0.29% [4] - The company has obtained permission to export live poultry to Hong Kong, opening new cross-border market opportunities [4] Group 4: Strategic Development and Future Outlook - The company is focusing on a dual-driven strategy of "cold chain + breeding" to build a large food industry chain covering the Guangdong-Hong Kong-Macao Greater Bay Area [7] - The cold chain delivery business will continue to expand into new markets such as campus meals, government procurement, and corporate catering [7] - The company is well-positioned to play a more significant role in food safety and livelihood security, benefiting from national agricultural strategies and technological advancements [7]