Core Insights - Yunnan Bowan Technology Industrial Co., Ltd. reported a revenue of 42.69 million yuan for 2024, marking a year-on-year increase of 101.36% [1] - The net profit attributable to shareholders decreased by 24.96% to 72.15 million yuan, primarily due to reduced profits from affiliated enterprises [1] Revenue Breakdown - The increase in revenue is mainly attributed to a rise in sales volume of edible mushroom products [1] - The edible mushroom business generated revenue of 37.63 million yuan in 2024, reflecting a growth of 121.27% [2] - The ham business achieved revenue of 4.58 million yuan, with a year-on-year growth of 19.10% [2] Business Transformation - By the end of 2024, the company has established a business transformation focusing on agricultural and sideline food processing, including edible mushrooms, ham, and coffee [1] - The coffee business is being developed in Baoshan, Yunnan, with an investment of 16 million yuan for a coffee planting base project in Lushui City, Nujiang Prefecture [2] - The establishment of the coffee planting base aims to ensure a stable supply of high-quality raw materials for the coffee business, positively impacting the company's long-term operational performance [2]