Ge Long Hui A P P·2026-01-26 09:17Core Viewpoint - *ST Tianshan (300313.SZ) expects a loss of 16 million to 23 million yuan in 2025, compared to a loss of 65.95 million yuan in the same period last year, with operating income projected between 170 million to 220 million yuan [1] Group 1: Revenue Growth - The company experienced significant revenue growth compared to the same period last year, driven by several factors [1] - Livestock business saw growth due to optimized capital allocation, expanded breeding scale, and active sales channel development [1] - Slaughtering and fresh meat business improved with a stable development phase in Guangdong, leading to year-on-year growth [1] - Frozen semen business increased sales scale by consolidating the local market in Xinjiang and expanding into external markets [1] - Land leasing income saw a slight increase due to improved land utilization efficiency and revenue per unit area [1] Group 2: Profit Loss Reasons - The main reason for the net profit loss attributable to shareholders was the overall sluggish domestic beef market, which kept the livestock business in a loss state [2] - The company managed to significantly reduce losses in the livestock business through enhanced procurement control, cost optimization, and improved breeding management [2] - The slaughtering and fresh meat business faced losses in the first half of the year, but the operational model was optimized in the second half, leading to a notable improvement in business development [2] - Impairment provisions for biological assets, inventory, and some long-term assets, in accordance with accounting standards, impacted the net profit during the reporting period [2]