Guangdong Haid Group (002311) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of ¥128.47 billion, up 12.10% year-over-year, with strong growth in feed sales and continued global expansion.

• Net profit attributable to shareholders was ¥4.28 billion, down 4.97% year-over-year, mainly due to lower pig farming profits and increased costs.

• Feed business remained the core, accounting for over 80% of revenue, with significant growth in both domestic and overseas markets.

• Management restructured into specialized product divisions, enhancing operational efficiency and product competitiveness.

Financial highlights

• Revenue: ¥128.47 billion, up 12.10% year-over-year.

• Net profit attributable to shareholders: ¥4.28 billion, down 4.97% year-over-year.

• Operating cash flow: ¥6.26 billion, down 21.71% year-over-year.

• Basic EPS: ¥2.58, down from ¥2.71 last year.

• Gross margin for feed: 9.67%; for animal health products: 45.47%.

• Total assets: ¥47.59 billion; net assets attributable to shareholders: ¥24.25 billion.

Outlook and guidance

• Strategic focus on expanding feed business, aiming for 51.5 million tons in sales by 2030.

• Continued investment in R&D and international expansion, especially in Southeast Asia, Africa, and Latin America.

• Plans to further develop animal health and seed businesses as core growth drivers.