DHGF(SH:600257) Bei Ke Cai Jing·2025-10-31 12:26Core Viewpoint - The company has officially changed its name from "Dahu Aquaculture Co., Ltd." to "Dahu Health Industry Co., Ltd." to better reflect its current business focus on health products and medical services, moving away from traditional aquaculture [1][2][3]. Business Transformation - The name change is part of a strategic shift towards health products and medical services, with medical service revenue now accounting for over 40% of total revenue, while aquaculture has significantly decreased [1][4][5]. - The company has divested from loss-making aquaculture assets, leading to a structural change in revenue sources, with medical and processed food businesses growing [3][4][6]. Financial Performance - For the first half of 2025, the company reported a revenue decline of 14.4% to 426 million yuan, but net profit improved by 81.34% to a loss of 2.57 million yuan [6][16]. - The aquaculture segment saw a revenue drop of 17.60%, while processed food revenue grew by 18.06%, indicating a shift in consumer demand [6][8]. Aquaculture Segment - The company has reduced its reliance on traditional aquaculture, with the revenue contribution from this segment falling from 36.02% to 3.63% in just over a year [4][5]. - The divestment of the live turtle business has led to a significant reduction in revenue but has also improved profitability in the remaining aquaculture operations [7][9]. Alcohol Segment - The white wine segment experienced a revenue decline of 17.06%, attributed to increased competition and changing consumer preferences [10][11]. - The company is focusing on developing new products to address market changes, but existing products have seen significant sales declines [12][13]. Medical Services Segment - Medical service revenue fell by 8.36% in the first half of 2025, contrasting with previous growth, due to various operational challenges and changes in healthcare policies [14][16]. - The company operates several rehabilitation and nursing hospitals, with varying performance across these facilities [15][17].