Adisseo(SH:600299) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The company, Blue Star Adisseo Co., Ltd., reported significant growth in its operating revenue for the first half of 2025, with a total revenue of approximately 8.51 billion RMB, reflecting a year-on-year increase of 17.23% compared to the same period in 2024 [1]. Summary by Category Revenue by Product Category - Functional products generated revenue of approximately 6.47 billion RMB, up 20.03% from 5.39 billion RMB in the first half of 2024 - Special products achieved revenue of about 2.04 billion RMB, marking a 9.14% increase from 1.87 billion RMB in the previous year [1]. Revenue by Sales Channel - Direct sales accounted for approximately 7.57 billion RMB, representing a 21.18% increase from 6.25 billion RMB in the first half of 2024 - Distribution sales decreased to about 943.80 million RMB, down 7.04% from 1.02 billion RMB in the same period last year [1]. Revenue by Region - Domestic revenue reached approximately 1.39 billion RMB, a significant increase of 36.26% from 1.02 billion RMB in the first half of 2024 - International revenue was around 7.12 billion RMB, reflecting a 14.12% increase from 6.24 billion RMB in the previous year [1]. Changes in Distributor Numbers - The number of domestic distributors decreased by 9 during the reporting period - The number of international distributors increased by 10, while 46 were lost, resulting in a net change of 10 [1].