Guangdong Haid Group (002311) Q2 2026 earnings summary

Executive summary

• Revenue rose 9.19% year-over-year to ¥64.24 billion, driven by increased feed sales volume.

• Net profit attributable to shareholders fell 38.95% year-over-year to ¥1.61 billion, mainly due to lower pig prices and higher costs.

• Feed business remained the core, with overseas sales up over 25% and total feed sales volume up 8%.

• Cash flow from operating activities increased 28.72% year-over-year to ¥3.92 billion.

• The company continued global expansion, especially in Southeast Asia, Latin America, and Africa.

Financial highlights

• Operating income: ¥64.24 billion, up 9.19% year-over-year.

• Net profit attributable to shareholders: ¥1.61 billion, down 38.95% year-over-year.

• Operating cash flow: ¥3.92 billion, up 28.72% year-over-year.

• Basic and diluted EPS: ¥0.98, down 38.36% year-over-year.

• Gross margin for feed: 9.76%; for farming: 6.41%.

Outlook and guidance

• The company expects continued industry volatility but is prepared to leverage internal management reforms and global expansion.

• Focus remains on cost control, efficiency, and replicating the integrated model in overseas markets.

• A cash dividend of ¥1.50 per 10 shares (tax included) is proposed, with no bonus shares or capital increase from reserves.