Financial Performance - The company reported a total operating revenue of 458.82 million yuan for the first half of 2025, a decrease of 9.26% compared to 505.65 million yuan in the same period last year [1] - Operating profit was 23.22 million yuan, down 29.42% from 32.89 million yuan year-on-year [1] - Total profit amounted to 23.22 million yuan, reflecting a decline of 29.51% from 32.94 million yuan in the previous year [1] - The net profit attributable to shareholders, after excluding non-recurring gains and losses, was 17.55 million yuan, a decrease of 31.40% from 25.58 million yuan in the same period last year [1] - Basic earnings per share were 0.15 yuan, down 28.57% from 0.21 yuan year-on-year [1] - The weighted average return on net assets decreased by 1.32 percentage points to 3.08% [1] Key Operational Data - The production volume of self-produced wheat was 638,300 tons, an increase of 6.03% compared to the previous year, while sales volume was 182,700 tons, up 77.78% [1] - The company sourced 207,100 tons of external wheat, which is a 124.69% increase year-on-year [1] - Rice production was 96,500 tons, with a slight decrease of 0.19%, while sales volume was 185,500 tons, down 19.13% [1] - The production of edible oil was 65,700 tons, with a decrease of 17.53% in sales volume [1] - The company reported a total asset value of 1,463.41 million yuan at the end of the reporting period, reflecting a 1.52% increase from the beginning of the period [1] Business Environment - The decline in revenue and profit is attributed to low and narrow fluctuations in agricultural product prices and a general decline in agricultural input prices, which have compressed the gross profit margins of key products such as rice and wheat [1]