Guangdong Yuehai Feeds announces H1 2025 profit distribution, updates operations

Guangdong Yuehai Feeds' board of directors approved a preliminary profit distribution plan for the first half of 2025, proposing a cash dividend of CNY 1.13 per 10 shares based on a total share capital of 700,000,000 shares, totaling CNY 79,100,000. This plan, which does not include bonus shares or capitalization of reserves, aims to reward shareholders while maintaining the company's sustainable development. The distribution is subject to adjustments if the total share capital changes before implementation.

Concurrently, the company announced provisions for asset impairment totaling CNY 10,109,200 for the first half of 2025, primarily affecting accounts receivable and financial guarantee contracts, which will reduce net profit by CNY 10,109,200. Furthermore, the company updated its business scope, adding "technical services, technical development, technical consulting, technology exchange, technology transfer, and technology promotion" while removing "residential real estate leasing." The board also reviewed and approved other routine matters, including the first-half financial report and the use of raised funds.