Core Viewpoint - The company reported a decline in revenue but an increase in net profit for the first half of 2025, indicating improved operational efficiency despite challenging market conditions [1] Financial Performance - The company's revenue for the first half of 2025 was 984 million yuan, a year-on-year decrease of 7.19% [1] - The net profit attributable to shareholders was 76.92 million yuan, reflecting a year-on-year increase of 26.9% [1] Cost Management - The prices of key raw materials, including duck wings, duck necks, and frozen duck products, remained low during the reporting period [1] - The comprehensive gross profit margin for the company's marinated meat products increased by 2.23 percentage points year-on-year [1] - Sales expenses decreased significantly, with a year-on-year decline of 27.38%, attributed to reduced labor costs and marketing expenditures [1]