Shengnong Development: Net profit is expected to increase by 89.16%-97.44% in 2025.

Shengnong Development announced that the net profit attributable to shareholders of the listed company in 2025 is expected to be between 13.70 billion and 14.30 billion yuan, an increase of 89.16% to 97.44% year-on-year; the non-net profit is expected to be between 8.30 billion and 8.90 billion yuan, an increase of 20.12% to 28.81% year-on-year. The performance growth is attributed to the advancement of omnichannel strategy, growth in revenue from C-end retail, exports, and other channels; enhanced cost control capabilities, with comprehensive plant-based meat costs reduced by over 5%; digital transformation improving operational efficiency; completion of the merger with Sun Valley Holdings, confirming investment income of approximately 5.5 billion yuan. This performance forecast is unaudited, and specific data will be disclosed in the annual report.