Core Insights - The company reported a total revenue of RMB 3.0635 billion for the first half of 2025, representing a year-on-year growth of 16.9% [1] - Gross profit reached RMB 667 million, an increase of 50.1% year-on-year, with a gross margin rising to 21.8% [1] - Adjusted net profit surged by 97.7% to RMB 294 million, with the adjusted net profit margin increasing from 5.7% to 9.6% compared to the same period last year [1] Revenue Breakdown - Revenue from rice products amounted to RMB 2.067 billion, reflecting a year-on-year growth of 21.0%, driven by strategic channel development and increased sales of mid-to-high-end rice products [1] - The company strategically reduced sales of low-margin rice, contributing to an increase in rice revenue by RMB 359 million [1] - Income from grains, beans, and other products reached RMB 274.3 million, marking a year-on-year increase of 29.3% [1] - Revenue from dried goods and other products was RMB 290 million, showing a significant year-on-year growth of 54.8% [1]

Group 1 - The company's total revenue for the first half of 2025 reached RMB 3,063.5 million, a year-on-year increase of approximately 16.9% from RMB 2,620.6 million [1] - Gross profit increased by 50.1% to RMB 666.9 million, with the gross profit margin rising from 17.0% to 21.8% [1] - Adjusted net profit surged by 97.7% to RMB 294.3 million, with the adjusted net profit margin increasing from 5.7% to 9.6% [1] Group 2 - Revenue from rice products increased by 21.0% to RMB 2,066.5 million, driven by strategic channel development and increased sales of mid-to-high-end rice [1] - Revenue from grains, beans, and other products rose by 29.3% to RMB 274.3 million, attributed to the active development of new products and an expanded sales network [1] - Revenue from dried goods and other products increased by 54.8% to RMB 289.6 million, mainly due to higher sales volumes and prices of by-products [2] Group 3 - The company plans to deepen its multi-channel ecosystem and enhance channel management capabilities [2] - The company aims to build a content-driven smart marketing ecosystem to better understand consumer needs and strengthen brand recognition [2] - The company will continue to focus on premium sourcing areas for rice, corn, grains, beans, and other products, while enhancing digitalization and system construction to improve operational efficiency [2]