Core Insights - Salted Fish's revenue for the first half of 2025 reached 2.94 billion yuan, representing a year-on-year growth of 19.6% [1] - The company's net profit attributable to shareholders was 373 million yuan, an increase of 16.7% year-on-year [1] Revenue Breakdown - Spicy snacks generated 1.32 billion yuan in revenue, up 47.05% year-on-year [1] - Baked potato snacks reported revenue of 459 million yuan, down 18.42% year-on-year [1] - Dried fruits and jelly snacks achieved revenue of 428 million yuan, growing by 9.01% year-on-year [1] - Deep-sea snacks earned 363 million yuan, reflecting an 11.93% increase year-on-year [1] - Egg snacks generated 309 million yuan, with a year-on-year growth of 29.57% [1] Business Expansion and Strategy - The company has transitioned from regional to national market expansion, particularly in the savory snack and baked goods sectors, creating two growth curves [1] - Salted Fish has initiated a supply chain transformation and upgrade, promoting smart manufacturing and digital reform to enhance product strength and market competitiveness [1] - The company has strengthened R&D innovation for core product categories, with notable performance in konjac products in Southeast Asian markets, indicating initial success in its globalization strategy [1]