Core Insights - Ganyuan Food (002991.SZ) reported a revenue of approximately 945 million yuan for the first half of 2025, representing a year-on-year decline of 9.34% [2] - The net profit attributable to shareholders decreased by 55.20% to about 74.61 million yuan, indicating a significant drop in profitability [2] Company Overview - Ganyuan Food has focused on the research, production, and sales of snack foods since its establishment, leveraging its accumulated advantages in research, technology, scale, and management [2] - The company has expanded its product offerings from a single category of bean products to a diversified range that includes flavored nuts and puffed baked goods [2] Product Categories - The main product categories include: - Green pea series - Sunflower seed series - Broad bean series - Mixed nuts and bean series - Other products [2] - Core products such as green peas, sunflower seeds, and broad beans are popular among consumers due to their diverse flavors and specifications, catering to various regional and consumption scenarios [2] Financial Performance Factors - The decline in revenue and the increase in raw material costs, such as palm oil, have negatively impacted the gross profit margin during the reporting period [2]