Heilongjiang Agriculture Company (600598) H2 2025 earnings summary

Executive summary

• Revenue reached ¥5.23 billion, down 2.05% year-over-year, mainly due to lower fertilizer and flax product sales.

• Net profit attributable to shareholders was ¥1.17 billion, up 7.26% year-over-year.

• Gross margin for core agriculture business was 44.06%, down 1.2 percentage points year-over-year.

• Cash dividend payout ratio was 83.84%, with ¥977.7 million distributed.

• No material risks or uncertainties impacted operations during the period.

Financial highlights

• Operating income: ¥5.23 billion, down 2.05% year-over-year.

• Net profit attributable to shareholders: ¥1.17 billion, up 7.26% year-over-year.

• Operating cash flow: ¥1.24 billion, down 16.96% year-over-year.

• Basic and diluted EPS: ¥0.656, up 7.19% year-over-year.

• Total assets: ¥8.96 billion, stable year-over-year.

Outlook and guidance

• 2026 revenue target: ¥5.49 billion; profit target: ¥1.15 billion.

• Grain and bean output expected at 6.12 million tons.

• Focus on high-quality agricultural development, digital transformation, and risk mitigation.