圣农发展预计2025年业绩大幅增长89.16%—97.44% C端零售渠道表现突出

Core Viewpoint - The company, Shennong Development, is expected to achieve significant growth in its 2025 annual performance, with net profit projected to reach between 1.37 billion to 1.43 billion yuan, representing an increase of 89.16% to 97.44% compared to the previous year [1] Group 1: Performance Highlights - The net profit attributable to shareholders is forecasted to be between 1.37 billion to 1.43 billion yuan, a substantial increase from 724 million yuan in the previous year [1] - The basic earnings per share are expected to rise to between 1.1115 yuan and 1.1602 yuan, up from 0.5875 yuan per share in the previous year [1] - The company has achieved a steady growth in net profit excluding non-recurring gains and losses, projected to increase by 20.12% to 28.81% [1] Group 2: Strategic Initiatives - The significant growth in last year's performance is attributed to the solid implementation of an all-channel strategy, leading to a notable expansion in market share across various channels [2] - The retail channel, particularly the C-end, showed remarkable performance with over 30% year-on-year revenue growth, and offline retail channel revenue increased by over 40% [2] - The export channel also demonstrated strong growth, with revenue increasing by over 60% year-on-year, indicating successful overseas market expansion [2] Group 3: Cost Management and Operational Efficiency - The company has enhanced its cost control capabilities, achieving a reduction of over 5% in overall meat production costs compared to the previous year [2] - Effective cost management was maintained despite seasonal increases in heating costs, through refined operations and dynamic cost control [2] - The integration of resources across various bases and business segments has improved overall operational efficiency, supporting the effective implementation of the company's business strategy [2] Group 4: Mergers and Acquisitions Impact - The completion of the controlling merger with Sun Valley has positively impacted performance, contributing approximately 550 million yuan in investment income to the consolidated financial statements [3] - The company possesses core advantages of "self-sufficient seed sources" and "integrated industry chain layout," providing a solid barrier against cyclical fluctuations in the industry [3] Group 5: Future Outlook - The company aims to continue leveraging its integrated industry chain layout and self-sufficient seed source advantages to build a robust barrier against cyclical industry fluctuations [3] - For December 2025, the company achieved sales revenue of 1.861 billion yuan, an increase of 11.03% year-on-year, with poultry farming and processing segment revenue reaching 1.385 billion yuan, up 5.18% [3] - The deep processing meat products segment showed remarkable performance with sales revenue of 948 million yuan, a year-on-year increase of 50.87% [3]