Sunner(SZ:002299) Xin Lang Cai Jing·2025-10-28 08:33Core Insights - The company reported a total revenue of 14.706 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 6.86%, with a net profit attributable to shareholders of 1.159 billion yuan, up 202.82% [1] - In Q3 2025, the company achieved a revenue of 5.849 billion yuan, an increase of 18.77% year-on-year, but the net profit attributable to shareholders decreased by 11.4% to 249 million yuan [1] Revenue and Profit Analysis - For the first three quarters of 2025, the company's chicken sales reached 1.099 million tons, a year-on-year increase of 7.4%, with an average selling price of 9,578 yuan per ton, down 3.1% [2] - In Q3 2025, chicken sales were 435,000 tons, up 16.3% year-on-year, with an average selling price of 9,398 yuan per ton, down 5.9% [2] - The company maintained a price premium of 778 yuan per ton over the industry average in Q3 2025, continuing a trend of over 600 yuan per ton for four consecutive quarters [2] Market Strategy and Growth - The deep processing food business generated revenue of 6.911 billion yuan in the first three quarters of 2025, a growth of 17.1%, with Q3 revenue reaching 2.885 billion yuan, up 36.7% [2] - The company is committed to an omnichannel strategy, achieving over 30% growth in retail channels and 40% growth in export channels [2] Operational Efficiency - Following the consolidation of Sun Valley, the company reported an additional profit of 49.815 million yuan from Sun Valley due to improved operational efficiency [3] Future Outlook - The company is projected to achieve net profits attributable to shareholders of 1.409 billion yuan, 1.06 billion yuan, and 1.206 billion yuan for 2025-2027, with respective year-on-year growth rates of +94.5%, -24.8%, and +13.8% [3]