Group 1 - The company expects a net profit of 3 million to 4.3 million yuan, indicating a turnaround from a loss of 47.98 million yuan in the previous year [1] - The net profit attributable to shareholders is projected to grow by 106.25% to 108.96% compared to the same period last year [1] - The basic earnings per share are estimated to be between 0 yuan and 0.01 yuan, compared to a loss of 0.07 yuan per share in the previous year [1] Group 2 - The significant increase in performance is driven by the implementation of the "three highs and three lows" technical strategy and the "four guarantees" product quality system, leading to improved product quality and competitiveness [1] - The company initiated several marketing campaigns in early 2025, which effectively stimulated the sales team's activity and enhanced customer loyalty, resulting in a notable increase in market share [1] - The company's feed sales volume increased by approximately 11.4% year-on-year in the first half of 2025, contributing positively to revenue growth [1] Group 3 - The company has strengthened accounts receivable management and credit control, leading to a significant decrease in expected credit impairment losses [1]

Core Viewpoint - Guangdong Yuehai Feed Group Co., Ltd. is committed to enhancing its core competitiveness and promoting high-quality development in the marine economy through its "Quality Return Dual Improvement" action plan, focusing on innovation and quality [1][2][9] Group 1: Company Overview - Yuehai Feed is a leading national innovative pilot enterprise and high-tech enterprise primarily engaged in the research, production, and sales of aquatic feed, with a strong focus on special aquatic feed since its establishment in 1994 [1] - The company has established over 30 subsidiaries across major aquaculture regions in China and internationally, with special aquatic feed accounting for approximately 70% of its total feed sales [1][2] Group 2: Technological Strategy - The company has implemented a "Three Highs and Three Lows" technical strategy aimed at improving feed quality and efficiency, which includes high quality, high health, high growth, and low protein, low waste, low feed ratio [3][4] - This strategy addresses long-standing issues in the aquaculture industry, such as excessive protein levels, which can increase feed costs and harm fish health, thereby enhancing the core competitiveness of the company's products [3] Group 3: Quality Management - The "Four Heavy Guarantees" quality management system focuses on full-chain quality control, including raw material selection, precise formula development, production control, and a dynamic market feedback mechanism [4][5] - This system ensures the stability and nutritional retention of feed products, contributing to the overall quality and effectiveness of the company's offerings [4] Group 4: Market Development and Social Responsibility - The company actively promotes high-efficiency aquaculture technologies and AI smart farming models through initiatives like the "Yuehai Village" project, aiming to establish over 100 "Yuehai Villages" by 2025 to support 10,000 farmers [6] - Yuehai Feed has played a significant role in modernizing marine ranching and has been recognized as a key agricultural leading enterprise in Guangdong Province [6] Group 5: Corporate Governance and Investor Relations - The company adheres to strict corporate governance standards, ensuring effective decision-making and oversight through its governance structure, which includes a shareholders' meeting, board of directors, supervisory board, and management [7][8] - Yuehai Feed emphasizes transparent information disclosure and investor relations management, maintaining a stable cash dividend policy and engaging in share buybacks to enhance investor confidence [8][9]

Core Viewpoint - Guangdong Yuehai Feed Group has launched the "Victory Summer Action" to enhance industry development and support aquaculture during the peak production season, aiming to cover over 10,000 farmers and achieve significant sales growth [2][3][6]. Group 1: Action Overview - The "Victory Summer Action" is a major marketing initiative following the earlier "Spring Battle Action," aimed at injecting energy into the industry during the summer peak [5][6]. - The action will run from June to October 2025, focusing on consolidating the achievements of the Spring Battle Action and seizing the golden period of aquaculture [17][18]. Group 2: Strategic Actions - The initiative includes six strategic actions to ensure growth and market presence: 1. Consolidate incremental achievements by enhancing channel cooperation and expanding product coverage [20][21]. 2. Deepen terminal services to address challenges such as high temperatures and disease outbreaks, providing technical support to farmers [23][24]. 3. Capture market share in key areas and species, particularly in freshwater fish, grouper, and shrimp feeds [25][26]. 4. Strive for market leadership in specific regions and species to solidify competitive advantages [27][28]. 5. Build a skilled service team through intensive training and practical experience [29][30]. 6. Enhance brand influence by promoting successful farming models and community initiatives [31]. Group 3: Performance Metrics - The company reported significant growth in sales during the first four months of the year, with high-end fish feed up 15%, small shrimp feed up 56%, and other products showing similar increases [34][35][36]. - The "Victory Summer Action" aims to conduct over 200 technical exchange meetings, reaching more than 10,000 farmers, and establish 500 demonstration ponds [39][40].