天域生物：保持稳中求进发展策略 上半年经营业绩持续向好

Core Viewpoint - Tianyu Bio (603717) reported a slight decrease in revenue but a significant increase in net profit for the first half of 2025, indicating a positive trend in operational performance [2] Group 1: Financial Performance - The company achieved operating revenue of 412 million yuan, a year-on-year decrease of 2.62% [2] - The net profit attributable to shareholders was 10.82 million yuan, a year-on-year increase of 73.68% [2] - The net cash flow from operating activities was 89.83 million yuan, reflecting a year-on-year growth of 55.07% [2] Group 2: Business Strategy - The company maintains a steady development strategy focused on "ecology" and aims for business upgrades through "digital intelligence" [2] - It is steadily developing its ecological agricultural and food business, including pig farming and agricultural product sales, while strategically shrinking its ecological environment business [2] - The company is actively embracing new production capabilities, such as artificial intelligence, to enhance quality and efficiency [2] Group 3: Agricultural Business Development - The company improved breeding efficiency and product quality through five key areas: biosecurity, herd health management, major disease prevention, breeding management, and production management [2] - It achieved pig sales of 204,200 heads, an increase of 21.52%, and pig farming revenue of 312 million yuan, an increase of 17.49% [2] Group 4: Product Expansion - The company is developing biotechnology-based red yeast products, health foods, and agricultural products, positioning healthy ecological food as a strategic breakthrough [3] - The production capacity of red yeast products increased by 36.78 tons, with sales revenue rising by 734.95 thousand yuan [3] Group 5: Renewable Energy Initiatives - The company is exploring transitions into renewable energy and new infrastructure, focusing on photovoltaic and energy storage solutions as part of its ecological environment engineering business [3] - It signed contracts for several distributed photovoltaic power generation projects, generating green power revenue of 14.89 million yuan [3]