Western Pasture: Loss of 50.6688 million yuan in 2025.

Western Pastoral disclosed its annual report on April 22, achieving operating income of 925 million yuan in 2025, a year-on-year decrease of 1.44%; the net profit attributable to the parent company was -50.6688 million yuan, a decrease of 1.19 billion yuan from the same period last year, with a reduced loss on a year-on-year basis. During the reporting period, the local dairy farming enterprises in this region optimized and adjusted the cattle population structure by moderately eliminating old and low-yielding cows, reducing the purchase of concentrated feed, leading to a decrease in the company's feed sales revenue and profit; in accordance with relevant regulations and prudence principle, the company made provision for bad debts on accounts receivable and increased the provision for impairment of some inventories on a year-on-year basis.