Core Viewpoint - The company Jinlongyu reported a net profit increase of over 60% year-on-year for the first half of 2023, marking its best semi-annual performance in nearly three years [1] Financial Performance - Jinlongyu's net profit for the first half of 2023 reached 1.755 billion yuan, the highest level for the same period in 2023 [1] - The company's gross profit margins for kitchen foods, feed raw materials, and oil technology businesses increased by 0.8 and 3.25 percentage points year-on-year, with the latter showing an increase of over three times compared to the same period last year [1] Market Conditions - Despite the strong performance in the semi-annual report, there are concerns about a sequential decline in performance for the second quarter [1] - The company noted that the recovery in demand for consumer products such as flour and rice was below expectations, compounded by price fluctuations in raw materials [1] Investor Sentiment - The report raises questions about whether it can restore investor confidence and whether there is sufficient momentum for valuation recovery after five consecutive years of stock price decline [1]