Core Viewpoint - China Shengmu (01432.HK) reported a mid-term performance for the six months ending June 30, 2025, with revenue of 1.65 billion yuan, reflecting a year-on-year growth of 5.3% and a narrowed loss attributable to shareholders of 48.32 million yuan, down 66.4% from the previous year [1] Group 1: Financial Performance - Revenue for the six months ending June 30, 2025, was 1.65 billion yuan, representing a 5.3% increase year-on-year [1] - Loss attributable to shareholders was 48.32 million yuan, which is a 66.4% reduction compared to the same period last year [1] - The board of directors did not recommend the payment of an interim dividend for the six months ending June 30, 2025 [1] Group 2: Business Operations - The company focuses on dairy cattle breeding, producing and selling high-end desert organic raw milk, organic A2 raw milk, and DHA raw milk [1] - The company operates 34 farms, including one beef cattle farm, with a total livestock population of 146,516 heads, of which 143,553 are dairy cows [1] - The proportion of lactating cows is 44.9%, while the number of beef cattle has decreased by 9,070 heads compared to the end of the previous year, with a focus on high-end breeds such as Wagyu and Angus [1] Group 3: Product Strategy - The company continues to develop various functional raw milk products to meet diverse customer demands for high-quality raw milk [1] - The "high-end + diversification" product strategy provides a significant competitive advantage in the dairy cattle breeding industry [1]