On August 26, Fujian Aonong Biological Technology Group Incorporation Limited released its interim results report, showing operating revenue of approximately 3.957 billion yuan for H1 2025, down 15.01% year-on-year. The company achieved a net profit attributable to shareholders of approximately 361 million yuan, representing a turnaround from loss to profit. Shenzhen Kingkey Smart Agriculture Times Co.,Ltd. reported H1 2025 net profit of 226 million yuan, down 3.97% year-on-year. Hunan New Wellful Co.,Ltd. recorded H1 2025 revenue of 3.688 billion yuan, up 14.08% year-on-year.
**Fujian Aonong Biological Technology Group: H1 2025 Net Profit 361 Million Yuan, Turnaround from Loss to Profit**
Fujian Aonong Biological Technology Group Incorporation Limited announced its 2025 interim report on August 26. For H1 2025, operating revenue reached 3.957 billion yuan, down 15.01% year-on-year, with net profit attributable to listed company shareholders of 361 million yuan, representing a turnaround from loss to profit. Basic earnings per share stood at 0.14 yuan.
The main reasons for the performance change include:
1. Through bankruptcy restructuring in 2024, the company divested most idle assets, reducing operational burden. Debt scale decreased significantly, with interest expenses falling substantially year-on-year by 152 million yuan.
2. Retained large-scale pig farms resumed production in an orderly manner, with sow inventory recovering rapidly and production performance improving significantly year-on-year. Strategic procurement and supply chain cooperation measures continued to reduce procurement costs for major feed ingredients. Core businesses including pig farming, feed, and slaughter food all achieved business recovery and restructuring, establishing a foundation for sustained profitability improvement.
3. During the reporting period, creditors continued to receive debt settlement resources, confirming restructuring gains of 378 million yuan.
Due to these combined factors, the company's net profit attributable to listed company shareholders achieved a turnaround from loss to profit. The company's Q2 net profit attributable to listed company shareholders, excluding non-recurring gains and losses, already turned positive.
The company's pig farming business mainly focuses on Jiangxi and Fujian provinces as advantageous regions. The pig business still maintains a certain scale, and the performance of pig farming business has a significant impact on the company's overall operating performance. The pig farming industry shows obvious cyclical fluctuations, and significant price volatility (either decline or rise) in commercial pig markets may have material impact on the company's operating performance.
**Shenzhen Kingkey Smart Agriculture Times: H1 2025 Net Profit 226 Million Yuan, Down 3.97% Year-on-Year**
Shenzhen Kingkey Smart Agriculture Times Co.,Ltd. announced its 2025 interim report on August 23. For H1 2025, operating revenue reached 2.387 billion yuan, down 11.61% year-on-year, with net profit attributable to listed company shareholders of 226 million yuan, down 3.97% year-on-year. Basic earnings per share was 0.4292 yuan, down 4.62% year-on-year.
During the reporting period, the company focused on the business theme of "excellent technology, refined management, sincere cooperation, and elite team," continuously strengthening operational management of pig farming projects and persistently improving project management levels and production efficiency.
During the reporting period, the company sold a total of 1.0621 million pigs (including 153,100 piglets), achieving pig sales revenue of 1.895 billion yuan. As of the end of the reporting period, the company's pig farming projects had 118,600 sows in stock, including 104,300 basic sows and 14,300 reserve sows.
2. Feed Business: During the reporting period, upstream bulk raw material prices continued to decline. Simultaneously, aquatic feed sales fell short of expectations due to continued losses in aquaculture of bullfrogs and snakehead fish, resulting in lower-than-expected feed sales revenue year-on-year. Guangdong Kingkey Smart Agriculture Technology achieved operating revenue of 279.582 million yuan, down 15.02% year-on-year, while achieving net profit attributable to parent company of 6.2039 million yuan, up 10.88% year-on-year.
3. Poultry Farming Business: During the reporting period, due to sluggish chick market conditions, chick selling prices declined. Combined with reduced broiler sales volume, Huizhou Kingkey Smart Agriculture's revenue and profitability fell short of expectations, achieving operating revenue of 31.0501 million yuan in H1.
4. Real Estate Business: During the reporting period, the company continued to advance sales of existing real estate projects.
5. Fashion Art IP Business: As of this report's disclosure date, the company has completed one Hong Kong star concert and one personal art exhibition by young artist Erli Li, while launching the "Light, Transparency, Reflection" solo exhibition by global artist Hajime Sorayama in Chengdu. Proprietary IP products are also under design and development, expected to launch to market within the year.
**Hunan New Wellful: H1 2025 Revenue 3.688 Billion Yuan, Up 14.08% Year-on-Year**
Hunan New Wellful Co.,Ltd. announced its 2025 interim report on August 23. For H1 2025, operating revenue reached 3.688 billion yuan, up 14.08% year-on-year, with net profit attributable to listed company shareholders of 58 million yuan and basic earnings per share of 0.04 yuan.
Main business module performance during the period:
1. Pig Exports: The reporting period completed pig export sales revenue of 84.8548 million yuan, up 61.8% year-on-year. Export volume reached 41,700 pigs, up 16,300 pigs or 64.48% year-on-year. Export revenue increased due to higher export volumes during the reporting period.
2. Domestic Pig Sales: The reporting period completed domestic sales revenue of 3.020836 billion yuan, up 30.46% year-on-year, mainly due to increased pig slaughter scale during the reporting period.
3. Feed Sales: During the reporting period, the company's feed mills produced 517,050.59 tons of feed, supplying 510,317.92 tons to company-owned pig farms and selling 6,561.09 tons externally. External sales volume increased 10.08% year-on-year, completing sales revenue of 26.115 million yuan, up 9.3% year-on-year, mainly due to increased external feed sales volume.
4. Trading and Others: The reporting period completed sales revenue of 62.2952 million yuan, down 73.09% year-on-year, mainly due to decreased trading sales volume.
5. Fresh Meat Business: The reporting period completed sales revenue of 158.8161 million yuan, up 32.42% year-on-year, mainly due to increased fresh meat sales volume.
6. Frozen Meat Business: The reporting period achieved sales revenue of 59.039 million yuan, down 67.44% year-on-year, mainly due to decreased frozen meat sales volume.
7. Slaughter and Cold Storage Business: The reporting period achieved sales revenue of 272.5901 million yuan, down 10.53% year-on-year, mainly due to decreased self-operated slaughter volume compared to the same period last year.
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