Guangdong Haid Group (002311) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥58.83 billion, up 12.5% year-over-year, with net profit attributable to shareholders at ¥2.64 billion, a 24.16% increase year-over-year.

• Feed sales volume hit a record 14.7 million tons, up 25% year-over-year, with significant growth in pig feed (up 43%) and overseas sales (up 40%).

• Cash dividend of ¥2.00 per 10 shares proposed, representing 12.61% of H1 net profit.

Financial highlights

• Operating income: ¥58.83 billion (+12.5% YoY); net profit attributable to shareholders: ¥2.64 billion (+24.16% YoY); basic/diluted EPS: ¥1.59 (+24.22% YoY).

• Operating cash flow: ¥3.05 billion (+60.33% YoY); total assets: ¥50.69 billion (+5.29% from year-end 2024).

• Gross margin for feed: 10.04%; for farming: 20.26%.

• R&D investment: ¥426 million (+6.48% YoY).

Outlook and guidance

• Strategic plan targets 51.5 million tons of feed sales by 2030, with continued expansion in domestic and overseas markets.

• Focus on operational excellence, product leadership, and customer intimacy to drive growth and industry upgrading.