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Dekon Food and Agriculture Group (2419) investor relations material
Dekon Food and Agriculture Group H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for the first half of 2025 reached RMB11,695.4 million, up 24.3% year-over-year, driven by strong pig segment performance and increased sales volumes.
Profit before biological assets fair value adjustments surged 250.6% year-over-year to RMB1,273.1 million, reflecting improved operational efficiency and cost control.
Net profit attributable to shareholders was RMB1,292.4 million, down from RMB1,766.5 million in the prior year, mainly due to lower fair value gains on biological assets.
Gross profit margin improved to 17.4% from 12.4% in the prior year, supported by lower feed costs and enhanced management.
No interim dividend was declared for the period.
Financial highlights
Revenue: RMB11,695.4 million (+24.3% YoY); Pig segment revenue: RMB9,878.8 million (+32.6% YoY); Poultry segment revenue: RMB1,335.5 million (–13.5% YoY); Ancillary products revenue: RMB481.1 million (+16.1% YoY).
Profit before biological assets fair value adjustments: RMB1,273.1 million (+250.6% YoY); Net profit: RMB1,292.4 million; Earnings per share: RMB3.32.
EBITDA (before biological assets fair value adjustments): RMB1,878.0 million (+81.7% YoY).
Gross profit margin: 17.4% (vs. 12.4% prior year).
Net cash generated from operating activities: RMB1,738.9 million; Capital expenditure: RMB556.6 million.
Outlook and guidance
Pig segment to focus on empowering farmers, expanding ecological circular agriculture, and increasing market share in Southwest China.
Poultry segment expects demand recovery in H2 2025, with efforts to reduce costs, optimize breed structure, and expand sales channels.
Ancillary segment to enhance slaughtering and food processing efficiency, aiming for high-quality, traceable meat products and regional market share.
Continued investment in ESG initiatives and risk management, including use of pig futures for hedging.
Focus remains on innovation, efficiency, and cost reduction across all segments in the second half of 2025.
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