隆平高科：预计2025年全年归属净利润盈利1.3亿元至1.9亿元

Core Viewpoint - Longping High-Tech is forecasting a net profit attributable to shareholders of 130 million to 190 million yuan for the year 2025, indicating a year-on-year growth of 14.17% to 66.86% compared to the previous year [1][2]. Group 1: Performance Drivers - The improvement in net profit is attributed to several factors, including enhanced operational resilience in response to industry fluctuations [2]. - The company's foreign corn business has seen revenue growth and significant reduction in losses through optimized marketing policies, cost control measures, and effective financial management [2]. - The gross profit margin has increased by approximately 8% year-on-year due to ongoing cost reduction and efficiency improvement initiatives [2]. Group 2: Domestic Market Stability - Despite challenges in the domestic seed market, including oversupply and increased inventory pressure, the revenue from rice seeds has remained stable, and the corn seed business has expanded regionally and by product category [3]. - The company has successfully implemented refined financial management practices, raising 1.2 billion yuan through private placements and strategic investments, which has improved its capital structure and reduced interest expenses by over 10% year-on-year [3]. Group 3: Financial Overview - In the first three quarters of 2025, the company reported a main operating revenue of 2.841 billion yuan, a decrease of 1.39% year-on-year, and a net profit attributable to shareholders of -664 million yuan, a decline of 39.62% [5]. - The third quarter alone showed a significant increase in main operating revenue of 125.71% year-on-year, although the net profit remained negative at -500 million yuan [5]. - The company's debt ratio stands at 63.85%, with financial expenses amounting to approximately 80.91 million yuan and a gross profit margin of 31.98% [5].