Core Viewpoint - New Hope has returned to profitability in the first half of 2025 after four years of losses, with projected net profits between 680 million and 780 million yuan, marking a significant turnaround from a loss of 1.217 billion yuan in the same period last year [1][2] Group 1: Financial Performance - The company expects a net profit of 680 million to 780 million yuan for the first half of 2025, a growth of approximately 155.85% to 164.07% compared to a loss of 1.217 billion yuan in the previous year [2] - The projected non-recurring net profit is estimated to be between 627 million and 727 million yuan, a significant increase from a loss of 1.316 billion yuan in the same period last year, reflecting a growth of about 147.63% to 155.23% [2] - In the first half of 2025, New Hope sold 8.4493 million pigs, a slight decrease of 239,300 pigs compared to the previous year, generating sales revenue of 12.053 billion yuan, down from 13.048 billion yuan [3] Group 2: Business Operations - The improvement in profitability is attributed to enhanced production management and biosecurity measures in the pig farming sector, leading to reduced costs despite lower pig prices [2][3] - The company has achieved a significant reduction in breeding costs, with the top 25% of farms reducing costs to 13.6 yuan per kilogram in 2024 and aiming for 12.5 yuan per kilogram in the first quarter of 2025 [3] - New Hope's feed business, which has been a core operation for over 40 years, achieved a total sales volume of 25.96 million tons in 2024, accounting for 8.2% of the national total production [4][6] Group 3: International Expansion - New Hope is accelerating its overseas feed business expansion, targeting a sales volume of 6 million tons in 2025, with plans to potentially increase production capacity by 3 to 4 million tons in the next 3 to 5 years [5][6] - The company has established a clear market presence in overseas regions, including Indonesia, Vietnam, and Egypt, and is focusing on expanding its footprint in these markets [6] - New Hope has initiated an employee stock ownership plan aimed at core employees involved in overseas operations, indicating a commitment to international growth [6]

教会徒弟，饿死师傅。 十年前，中国保变电气被印度拉进印度市场"共同发展"，教会他们造变压器，甚至把整套生产线搬了过去。 然而，十年后的今天，保变电气却以1.37亿元的"骨折价"，贱卖了90%的股权之后被印度打包清场退出，十几年心血，最后便宜了本地对手。 本文章所展示的图片及内容均来源于网络，部分情节虚构，请理性观看，侵权请联系删稿 «——【·拿着技术进入印度市场·】——» 十几年前，印度市场对于众多企业而言，就是片充满诱惑的未知海域，许多企业都想进去分一杯羹。 那个时候保变电气作为特高压技术领先企业，自然也看上了印度市场。 而印度电网设备老化非常严重，必须要进行超高压线路建设，于是印度政府为了吸引外资助力，抛出了极具诱惑力的橄榄枝。 比如说政策倾斜、采购优先、贷款扶持等，展现在外资企业面前。 保变电气早就看上了这片市场，于是想着"用技术换市场"的美好愿景，毅然踏上了进军印度的征程。 这一决策，在当时看来，无疑是一次极具前瞻性的布局。 于是，保变电气与印度阿特兰塔电气迅速达成合作意向，合资成立了保变印度。 公司注册资本设定为22.5亿卢比，按照当时的汇率换算，约合2亿元人民币，其中保变电气持股90%，占据了主导 ...