Core Viewpoint - Guangdong Yuehai Feed Group Co., Ltd. reported significant challenges in 2024, with a revenue of 5.912 billion and a net profit loss of 853.92 million due to adverse factors affecting the aquaculture market [1] Financial Performance - In 2024, the company achieved a revenue of 5.912 billion, with a net profit loss of 853.92 million [1] - For Q1 2025, the company reported a revenue of 933 million, representing a year-on-year growth of 9.58%, while the net profit loss narrowed to 2.46687 million [1] Industry Challenges - The aquaculture industry faced a prolonged downturn due to extreme weather and diseases, leading to declining and volatile prices for aquatic products [1] - Fluctuations in the prices of key raw materials like fishmeal and soybean meal have added to the cost pressures in the aquaculture feed sector [1] Strategic Response - The company is actively addressing current tariff issues and has initiated research on "low-protein diet technology" to enhance nutritional efficiency [1][2] - The "Three Highs and Three Lows" strategy focuses on precise nutritional design, raw material substitution, and process upgrades to improve feed efficiency and reduce costs [2] Technological Advancements - The low-protein technology has shown significant results in various aquaculture scenarios, achieving production rates of over 1500 pounds per ton for grass carp and up to 2000 pounds for shrimp and other species [3] - For 2025, the company aims to improve growth rates by 10%, reduce feed conversion ratios by 10%, and decrease losses by 50% compared to mainstream market brands [3]