京基智农(000048.SZ)：预计2025年净利润同比下降76.88%～82.49%

Core Viewpoint - The company, Jingji Zhino (000048.SZ), forecasts a significant decline in net profit for the year 2025, with expected figures ranging from 125 million to 165 million yuan, representing a year-on-year decrease of 76.88% to 82.49% [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is expected to be between 125 million and 165 million yuan, a decline of 76.88% to 82.49% compared to the previous 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 decrease of 79.63% to 84.72% year-on-year [1] Operational Efficiency - The company has been enhancing its refined management practices, leading to improved operational efficiency and increased capacity utilization across various projects [1] - In 2025, the company is expected to sell 2.3129 million pigs (including 324,200 piglets), which is a 7.77% increase compared to 2024 [1] - Continuous optimization of feed nutrition formulas has contributed to better health among the pig population [1] Industry Challenges - The company faces significant challenges due to industry cyclical fluctuations, resulting in a substantial decline in pig sales prices, which adversely affects revenue and profit for 2025 [1] - The real estate segment is in a late-stage sales phase, leading to a decrease in sales revenue, which further impacts the overall operating income and net profit for the year [1]