Core Viewpoint - Su Keng Agricultural Development Co., Ltd. (601952) reported a decline in revenue and net profit for the third quarter of 2025, primarily due to low agricultural product prices affecting profit margins [2][3]. Trading Information Summary - As of October 28, 2025, Su Keng Agricultural Development's stock closed at 9.4 yuan, with a slight increase of 0.11%. The turnover rate was 0.42%, with a trading volume of 57,900 shares and a transaction amount of 54.5 million yuan [1]. - On the same day, the net outflow of main funds was 2.33 million yuan, accounting for 4.27% of the total transaction amount, while retail investors saw a net inflow of 3.91 million yuan, representing 7.17% of the total transaction amount [1][3]. Financial Report Highlights - For the third quarter of 2025, the company reported a main revenue of 6.81 billion yuan, a year-on-year decrease of 8.63%. The net profit attributable to shareholders was 304 million yuan, down 33.37% year-on-year [2]. - The third quarter alone saw a main revenue of 2.22 billion yuan, a decline of 7.31%, and a net profit of approximately 90.79 million yuan, down 43.71% year-on-year [2][3]. - The company's debt ratio stood at 51.41%, with investment income of 36.43 million yuan and financial expenses of 1.57 billion yuan. The gross profit margin was reported at 12.32% [2]. Key Financial Data - The net cash flow from operating activities increased by 113.73% year-on-year, attributed to an increase in the initial inventory of wheat and controlled external procurement and credit sales [3][4]. - The basic earnings per share for the third quarter were 0.07 yuan, a decrease of 41.67% year-on-year, while the diluted earnings per share also fell by the same percentage [4]. Production and Sales Data - For the first nine months of 2025, the production of self-produced wheat was 642,500 tons, with sales of 293,000 tons, reflecting a production increase of 0.79% year-on-year [5]. - The sales volume of rice was 92,000 tons, with a significant decrease of 21.34% year-on-year [5]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 43,866, with the largest shareholder being Jiangsu Provincial Agricultural Reclamation Group Co., Ltd., holding 67.84% of the shares [6][8].

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]