CCGB(SZ:300138)2025-07-11 00:14Group 1: Financial Performance - The company expects to achieve operating revenue of 3.46 billion to 3.76 billion yuan in the first half of 2025, representing a year-on-year growth of -0.89% to 7.71% [2] - Net profit attributable to shareholders is projected to be between 202 million and 232 million yuan, with a year-on-year growth of 102.33% to 132.38% [2] - The net profit after deducting non-recurring gains and losses is estimated to be between 174 million and 204 million yuan, reflecting a growth of 117.40% to 154.88% compared to the previous year [2] Group 2: Business Performance Drivers - The recovery in the cottonseed business is a major factor contributing to the company's turnaround [3] - The gross profit from plant extraction products such as chili red, chili essence, and stevia glycosides has increased year-on-year [3] - The company is actively expanding into new product categories, including natural sweeteners and essential oils, aiming to achieve a target of ten world-leading products [3] Group 3: Market Outlook and Strategy - The third quarter is expected to be a slow season, but the company anticipates continued growth in product sales, particularly for chili red and chili essence [4] - The company holds approximately two-thirds of the market share for chili red products, with plans to deepen competitive advantages and expand product applications [4] - The strategy focuses on increasing market share through cost-effective solutions rather than monopolistic pricing, capitalizing on the growth potential in developing countries [4] Group 4: Operational Insights - The company has established a robust risk management framework for its cottonseed business, leading to improved operational stability [4] - A highly educated R&D team and proprietary extraction processes contribute to competitive production costs [5] - The company has acquired farmland in Zambia for cultivation, benefiting from lower land and labor costs compared to domestic operations [5] Group 5: Future Growth Expectations - The plant extraction industry is projected to maintain rapid natural growth, with the company aiming to enhance its market position in core products while nurturing second-tier products [6] - The company plans to leverage its established reputation and strong financial position to ensure supply chain security for downstream customers [6]