Xin Lang Cai Jing·2025-08-28 15:40Core Viewpoint - New Hope Dairy held an online investor communication meeting on August 28, 2025, with participation from 23 institutions, discussing the company's performance and strategic initiatives. Financial Performance - In the first half of 2025, the company achieved revenue of 5.526 billion yuan, a year-on-year increase of 3.01% [1] - The net profit attributable to shareholders was 397 million yuan, up 33.76% year-on-year [1] - The net profit after deducting non-recurring items was 411 million yuan, reflecting a growth of 31.17% year-on-year [1] - The net profit margin was 7.40%, an increase of over 1.72 percentage points compared to the previous year [1] - The asset-liability ratio stood at 62.53%, a decrease of 2.08 percentage points from the beginning of the period [1] Channel Development - The DTC (Direct-to-Consumer) channel showed good growth in the first half of 2025, with the company implementing breakthrough and adjustment measures for core channels [2] - Emerging channels such as membership stores and snack wholesale channels are prioritized for development, contributing to overall growth in direct sales channels [2] Gross Margin and Marketing Strategy - The company noted a significant improvement in overall gross margin, driven by revenue growth from its subsidiary, Sichuan Dairy [3] - The company is investing heavily in brand marketing as part of its strategic plan for 2023-2027, focusing on enhancing interaction with consumers both online and offline [3] Regional Expansion - The company reported good growth in the South China region, particularly in Shenzhen, and plans to continue expanding in Shenzhen, Beijing, and surrounding cities [3] Livestock Management - The company indicated that the disposal losses of biological assets are currently at a normal level, with a moderate increase in cattle inventory [3] - There is a focus on eliminating low-yield cattle and improving livestock management to enhance production efficiency in the second half of the year [3]