益生股份：2025年全年净利润同比预减62.29%—70.23%

Core Viewpoint - Yisheng Co., Ltd. anticipates a significant decline in net profit for 2025, projecting a decrease of 62.29% to 70.23% year-on-year, primarily due to low prices of chicken and broiler chickens impacting sales despite an increase in the volume of broiler chick sales [1] Financial Performance - The company expects the net profit attributable to shareholders for 2025 to be between 150 million to 190 million yuan, and the net profit after deducting non-recurring gains and losses to be between 153 million to 193 million yuan, reflecting a year-on-year decrease of 61.40% to 69.40% [1] - The average selling price of broiler chicks has significantly declined in the first half of the year, leading to a temporary loss in this business segment, despite a more than 10% increase in sales volume [1] Market Dynamics - Starting from the second half of the year, the market supply and demand relationship began to improve, resulting in a quarterly price increase for broiler chicks, particularly a substantial rise in the fourth quarter, although the annual average selling price remains lower than the previous year [1] - The parent stock of broiler chicks has performed well in profitability, but the year-on-year decline in selling prices has led to a significant drop in the overall performance of the broiler chicken segment [1] Growth Areas - The company's pig breeding business has experienced explosive growth, with sales reaching 98,400 heads, an increase of 228.43% year-on-year, becoming a crucial profit growth point that effectively mitigates the impact of the decline in the broiler chicken segment [1] - The competitive advantage of high-quality, high-health dual-negative pigs has strengthened the company's market position [1]