New Hope Liuhe reports soaring 395% Q3 profit increase

New Hope Liuhe Co., Ltd. reported a net profit attributable to shareholders of RMB 759,989,438.98 for the first three quarters of 2025, marking a 395.89% increase. The company's total revenue reached RMB 80,503,632,528.30, up 4.27% year-over-year. This growth was driven by improved hog sales prices, optimized farming costs, and increased feed business profits. The company also announced a change in its signing auditor, with Tang Hui replacing Li Min and Zhou Pipei from Sichuan Huaxin (Group) Certified Public Accountants, effective for the 2025 audit.

The board of directors approved the Q3 2025 report with unanimous votes, reflecting the company’s strong financial health and strategic direction. Operational changes include new daily related-party transactions for 2025, increased meat product purchases, and hog and meat product sales. The company also completed the repurchase and cancellation of 23.3722 million restricted shares and distributed 2024 annual cash dividends totaling RMB 108,622,270.54.

Adjustments to the convertible bond's conversion price to RMB 10.59 per share were made following the share cancellation and dividend distribution. New Hope Liuhe reported a significant decrease in non-recurring gains and losses, totaling RMB 42,524,401.99, primarily due to non-current asset disposals and impairment reversals.