Lanzhou Zhuangyuan Pasture's semi-annual report shows profit jump despite revenue dip

Lanzhou Zhuangyuan Pasture released its 2025 semi-annual report, showing a 1.31% decrease in operating revenue to 420,497,170.85 yuan, but a 68.50% increase in net profit attributable to shareholders to -27,669,757.26 yuan. The company’s total assets slightly decreased by 2.86% to 2,339,261,635.30 yuan.

The board of directors approved key governance changes, including revisions to the board's audit and nomination committee rules, and an "Opinion Management System." The board also approved guarantees for its wholly-owned subsidiaries, Gansu Zhuangyuan Animal Husbandry Group Co., Ltd., and Xi'an Dongfang Dairy Co., Ltd., for loans up to 70,000,000 yuan and 25,000,000 yuan respectively, with the total guarantee amount not exceeding 95,000,000 yuan. These guarantees are intended to support daily operations and enhance liquidity.

The company's non-public offering in 2020 saw 1,353,900.06 yuan of proceeds used in the first half of 2025, with a cumulative use of 249,716,968.46 yuan, leaving 125,409,310.24 yuan unused. The board has also resolved not to distribute any cash dividends or bonus shares for the half-year period.