YKA(SZ:300999) Zhong Guo Jing Ji Wang·2025-08-27 10:41Core Viewpoint - The controlling shareholder of Jinlongyu voluntarily extended the lock-up period for 89.99% of its shares until October 16, 2026, reflecting confidence in the company's future development and value recognition [1] Group 1: Financial Performance - In the first half of 2025, Jinlongyu achieved operating revenue of 115.682 billion yuan, a year-on-year increase of 5.67%, and a net profit attributable to shareholders of 1.756 billion yuan, up 60.07% [1] - The second quarter showed significant recovery in profitability, with net profit increasing by 261% year-on-year and total profit rising by 475% [1] - The stock price of Jinlongyu has rebounded over 16% from its low point as of August 25 [1] Group 2: Business Segments - Both major business segments, kitchen foods and feed raw materials & oil technology, reported year-on-year growth in revenue and profit [2] - The kitchen foods segment benefited from expanded sales channels and new factory capacity, leading to improved performance in flour and rice businesses [2] - The feed raw materials and oil technology segment saw significant profit growth due to favorable raw material procurement and strong downstream demand in the aquaculture industry [2] Group 3: Product Development and Market Strategy - Jinlongyu has been launching a variety of mid-to-high-end new products, expanding its product line into seasonings, yeast, daily chemicals, and central kitchen food parks, enhancing its competitive edge [2] - High-end products such as olive oil and peanut oil maintained steady growth, while the seasoning business experienced over 20% year-on-year sales growth in the first half of the year [2] - The company introduced a new MSG product and plans to diversify its seasoning product range further [2] Group 4: Health Sector Initiatives - In April, Jinlongyu launched the "Jinlongyu Fengyitang" health brand, focusing on the health sector and has received positive feedback on products like DAG oil and plant sterol series [4] - The company aims to enhance brand loyalty through experiential marketing and is committed to expanding its health product offerings [4] Group 5: Market Outlook and Investment Sentiment - The capital market's expectations for Jinlongyu are rising, with a recent report from Industrial Securities maintaining an "overweight" rating, highlighting the company's strong brand, channel, and procurement barriers [5] - The report suggests that Jinlongyu is likely to evolve from a grain and oil giant into a comprehensive food producer, with improving profitability expected as raw material costs decrease and consumer markets recover [5]