京基智农：2025年全年净利润同比预减76.88%—82.49%

Core Viewpoint - The company, Jingji Zhino, forecasts a significant decline in net profit for 2025, with estimates ranging from 125 million to 165 million yuan, representing a year-on-year decrease of 76.88% to 82.49% [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 125 million and 165 million yuan, a decrease of 76.88% to 82.49% year-on-year [1] - The forecasted net profit after deducting non-recurring gains and losses is estimated to be between 120 million and 160 million yuan, reflecting a year-on-year decline of 79.63% to 84.72% [1] Operational Insights - The company has been enhancing operational management efficiency and has seen an increase in production capacity utilization [1] - In 2025, the company sold 2.3129 million pigs (including 324,200 piglets), marking a year-on-year growth of 7.77% compared to 2024 [1] - The company has optimized feed nutrition formulas to improve the health of the pig population [1] Industry Challenges - The decline in sales prices of pigs due to industry cyclical fluctuations has led to a significant drop in revenue and profit from the pig farming business [1] - The real estate sector is in a late-stage liquidation phase, resulting in decreased sales revenue, which negatively impacts the overall operating income and net profit for 2025 [1]