Core Viewpoint - Ningbo Suobao Protein Technology Co., Ltd. reported a revenue of 774 million yuan for the first half of 2025, reflecting a year-on-year growth of 0.24%, while net profit attributable to shareholders increased by 37.62% to 97.43 million yuan [1] Financial Performance - The company achieved a net profit of 93.20 million yuan after deducting non-recurring gains and losses, marking a 46.74% increase compared to the same period last year [1] - As of June 30, 2025, total assets reached 2.10 billion yuan, up 0.61% from the end of the previous year, and net assets attributable to shareholders increased by 2.14% to 1.91 billion yuan [1] Market Strategy - In the face of a challenging economic environment, the company has focused on both domestic and international markets, successfully launching sales in Singapore while strengthening its domestic market presence [2] - The company emphasizes customer orientation, achieving sales growth despite market challenges, and has enhanced brand recognition and influence [2] Product Development - The company has completed the trial production of a 200,000-ton non-GMO soybean processing project in its subsidiary, and its dietary fiber project is currently ramping up production [2] - Continuous investment in technology innovation is prioritized, with plans to enhance internal talent development and recruit external high-level technical personnel [2] Industry Position - As a provider of high-end soybean protein health solutions, the company is one of the few in China that masters advanced separation protein production technology [3] - The functional concentrated protein products are particularly suitable for meat processing needs, while the structured protein is mainly exported to high-end meat and plant-based meat enterprises [3]