New Hope Liuhe (000876) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥28.88 billion, up 4.51% year-over-year, with year-to-date revenue at ¥80.50 billion, a 4.27% increase year-over-year.

• Net profit attributable to shareholders for Q3 was ¥5.13 million, down 99.63% year-over-year, but year-to-date net profit surged 395.89% to ¥759.99 million.

• Excluding non-recurring items, Q3 net profit was ¥16.30 million, down 98.80% year-over-year, with year-to-date adjusted net profit at ¥717.47 million, up 1,788.24%.

Financial highlights

• Basic and diluted EPS for Q3 were both ¥0.00, a 100% decrease year-over-year; year-to-date EPS was ¥0.15, up 650%.

• Operating cash flow for Q3 was ¥7.84 billion, down 5.3% year-over-year.

• Total assets at Q3-end were ¥116.87 billion, down 0.88% from year-end 2024.

• Shareholders’ equity rose 0.41% to ¥25.76 billion.

Outlook and guidance

• Profit growth attributed to higher hog prices, improved farming costs, and increased feed business profitability.