庄园牧场前三季度营收6.29亿元同比降3.10%

Core Insights - The company reported a revenue of 629 million yuan for the first three quarters of 2025, representing a year-on-year decline of 3.10% [1] - The net profit attributable to shareholders was -48.44 million yuan, an increase of 59.08% year-on-year, while the net profit excluding non-recurring items was -68.24 million yuan, up 46.64% year-on-year [1][2] - The basic earnings per share stood at -0.25 yuan [1][2] Financial Performance - The gross profit margin for the first three quarters of 2025 was 20.33%, an increase of 9.40 percentage points year-on-year, while the net profit margin was -7.71%, up 10.62 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 18.96%, showing a year-on-year increase of 1.14 percentage points but a quarter-on-quarter decrease of 3.14 percentage points; the net profit margin was -9.97%, up 3.83 percentage points year-on-year but down 9.15 percentage points from the previous quarter [2] - The company’s total expenses for the period were 157 million yuan, a decrease of 22.24 million yuan year-on-year, with an expense ratio of 24.99%, down 2.65 percentage points year-on-year [2] Business Overview - The company, Lanzhou Zhuangyuan Pasture Co., Ltd., is located in Gansu Province and was established on April 25, 2000, with its listing date on October 31, 2017 [3] - The main business involves the production, processing, and sales of dairy products and dairy beverages, as well as dairy cattle breeding [3] - The revenue composition includes sterilized milk (37.04%), fermented milk (24.37%), formulated milk (22.21%), pasteurized milk (8.20%), fresh milk (4.60%), and other products (2.77%) [3]