Xinjiang Talimu Agriculture's Q3 profit, revenue fall amid acquisition adjustment

Xinjiang Talimu Agriculture Development reported a substantial decrease in key financial metrics for the third quarter and the first nine months of 2025. For the first nine months, total profit declined by 68.60%, with net profit attributable to shareholders dropping by 67.56% year-over-year. Operating income also saw a 21.95% decrease, primarily attributed to reduced sales volume and gross profit of main products.

The company's financial statements were adjusted to reflect the acquisition of 100% equity in Xinjiang Tianshan Snow Foods Co., Ltd. from Xinjiang Talimu Agricultural Reclamation Group Co., Ltd. for 39,447,600 yuan. This acquisition, completed on April 25, 2025, is classified as a business combination under common control, necessitating a retrospective adjustment of comparative financial data.

Post-adjustment, the company’s operating income for January-September 2024 increased from 395,973,437.75 yuan to 433,905,755.33 yuan, while operating costs also rose from 285,232,538.77 yuan to 323,613,967.19 yuan. Net profit for the same period was adjusted from 42,934,544.26 yuan to 34,444,209.04 yuan. The adjustments aim to present financial data as if the combined entity had always existed under common control.