Heilongjiang Agriculture Company (600598) H1 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was ¥3.01 billion, down 2.72% year-over-year due to saturated agricultural input business and lower input prices.

• Net profit attributable to shareholders was ¥984 million, up 0.09% year-over-year.

• Basic and diluted EPS were both ¥0.554, up 0.18% year-over-year.

• The company maintained a strong focus on core agricultural business, technological innovation, and stable dividend payouts.

Financial highlights

• Operating income: ¥3.01 billion, down 2.72% year-over-year.

• Net profit attributable to shareholders: ¥984 million, up 0.09% year-over-year.

• Operating cash flow: ¥3.69 billion, down 0.20% year-over-year.

• Gross margin: 39.0% (calculated from revenue and cost figures).

• Total assets: ¥11.56 billion, up 28.82% from year-end 2024.

• Net assets: ¥7.83 billion, up 0.41% from year-end 2024.

Outlook and guidance

• The company continues to focus on optimizing crop structure, infrastructure investment, and technological innovation to drive high-quality growth.

• Plans to further develop green and organic products and enhance agricultural modernization.