Qianhu s net profit dropped by more than 80% in the first half of the year, but its sales remained basically the same

He pointed out that although near-shore outsourcing and regional procurement strategies have improved resilience, they have also brought new challenges such as efficiency and supervision, pushing up corporate costs.

Although the growth of the fish business has driven the overall revenue to remain stable, Qianhu Fish Industry (QianHu) still faces the challenge of a significant decline in profits in the first half of this year.

The comprehensive fish service provider, which is listed on the main board, released its financial report on Friday (July 18), saying that in the six months ended June 30, the company recorded sales of RMB 35.1 million, the same as the same period last year (down 0.2%).

In order to deal with complex situations, Qianhu will continue to promote product innovation, strengthen distribution networks, and actively introduce artificial intelligence and advanced technology to improve production efficiency. The company also plans to expand strategic cooperation to open up new markets and growth space.

Fish business maintains growth, plastics and pet supplies under pressure

The company pointed out that if there are no emergencies, it is expected to make sustainable profits in the second half of the year. As of June 30, the company's bank had 14.1 million yuan in cash.

The plastics business was affected by a decline in sales and rising costs, with pre-tax profits falling 23.2% to RMB 364,000.

Executive Chairman and CEO Ye Guoqing pointed out: "The operating environment in the second half of the year will remain full of challenges. Factors such as geopolitical conflicts, rising energy prices and escalation of US tariffs have further disrupted the supply chain and increased uncertainty in the international market."

The company's net profit dropped sharply from 251,000 yuan in the same period last year to 31,000 yuan, a drop of 87.7%, and its earnings per share fell from 0.22 points to 0.03 points. The net asset value per share was 34.46 cents, down 1.7% from the end of last year.

In terms of segmented business, fish business sales increased by 5.3% to approximately RMB 15.21 million, mainly due to the diversified customer base and the increased demand for product portfolios in the market. However, due to the reduction in transit costs related to aquaculture, the pre-tax profit of this business still fell by 11.8% to RMB 1.275,000. Sales of aquarium equipment and pet supplies businesses fell by 3.9% to 16.1 million yuan, and overseas markets such as China have become cautious in purchasing in an uncertain economic environment. However, by strengthening independent brand sales and optimizing inventory management, the pre-tax profit of this business increased by 81.3% to 272,000 yuan.