Group 1 - The core viewpoint of the article highlights that Tianrun Dairy's short-term performance improvement is primarily reliant on non-recurring gains, while the core business still faces significant industry pressures [1][2] - In the first half of the year, Tianrun Dairy's net profit attributable to shareholders is projected to be between -18 million to -26 million yuan, showing a slight reduction in losses compared to -27.91 million yuan in the same period last year [1] - The expected non-recurring net profit is estimated to be between 46 million to 67 million yuan, representing a significant year-on-year increase [1] Group 2 - The challenges faced by Tianrun Dairy reflect common issues within the domestic dairy industry, with national dairy product consumption growth at only 1.8% in the first half of 2025, marking one of the lowest levels in recent years [2] - Despite leveraging its milk source advantages in Xinjiang and launching innovative products, Tianrun Dairy still encounters fierce competition from leading companies like Yili and Mengniu in expanding markets [2] - Rising costs due to fluctuations in feed prices and increased environmental investments continue to pressure the company's profitability, despite a high self-sufficiency rate of over 90% in milk sources [2] Group 3 - In response to these challenges, the company aims to enhance sales, improve quality, and optimize costs through product structure upgrades, supply chain digitization, and refined management of dairy farming [3] - The effectiveness of these strategic initiatives will require time to validate [3]