Qian Hu reported a net loss of 780,000 yuan in the second half of 2025 and will not distribute a final dividend | Lianhe Zaobao

Despite an overall increase in sales, the profit levels of various businesses have still declined year-on-year. Qian Hu is expected to struggle to maintain profitability in the second half of the 2025 fiscal year, with a net loss of 782,000 yuan. Qian Hu released its performance for the second half and the full year of the 2025 fiscal year after the market closed on Friday (January 16). The group's overall sales in the second half amounted to 36.81 million yuan, a year-on-year increase of 1.5%; the full-year sales increased by 0.7% year-on-year, reaching 71.90 million yuan. The group pointed out that the reasons for the losses in the second half also include the absence of a one-time compensation income of 700,000 yuan in 2024, as well as the impact of changes in the net fair value of financial assets of approximately 200,000 yuan in 2025. As of the end of December 2025, Qian Hu's total bank cash amounted to 14.20 million yuan. Given the current loss situation, the board of directors of Qian Hu has recommended not to distribute a final dividend for 2025 in order to retain funds to support the renewal of land leases in Singapore and other project needs in 2026. The group stated in a statement: "The board will prudently consider the resumption of dividends when conditions are ripe in the future and in the overall interest of shareholders." In terms of specific business, Qian Hu's fish business had sales of 15.43 million yuan in the second half of 2025, a year-on-year increase of 3.8%; sales of aquarium equipment and pet supplies increased by 0.7% year-on-year to 17.42 million yuan; while the overall sales of the plastic business decreased by 3.3% year-on-year to 3.96 million yuan. Further Reading Qian Hu expects to incur a net loss in the 2025 fiscal year Qian Hu's net profit plummets by over 80% in the first half, but sales remain basically flat Qian Hu Fishery stated: "Global consumption trends show that consumers still prefer to purchase common and essential fish species, rather than niche or more specialized varieties. It is expected that the fish business will continue to serve as a stable and reliable core business for the group in 2026." The announcement indicated that the profits of various business segments of Qian Hu Fishery declined in the second half of 2025. Among them, the pre-tax profit of the fish business was affected by transit fees and changes in product structure, resulting in an overall decline of 10.4% for the year to 1.84 million yuan, with a year-on-year decrease of 6.8% in the second half to 560,000 yuan. The pre-tax profit of the aquarium equipment and pet supplies business plummeted by 73.2% year-on-year in the second half to 230,000 yuan, mainly due to the absence of a one-time compensation income from local governments in China in the previous year. The profit of the plastic business decreased by 1.4% year-on-year in the second half to 510,000 yuan. Qian Hu Fishery Group's CEO Ye Guoqing said: "The group remains optimistic about the future. Although there are still uncertainties in the current economic environment, consumer demand for basic pet and aquarium supplies remains strong due to the non-discretionary nature of core pet care spending." The announcement pointed out that Qian Hu Fishery will continue to improve its digital infrastructure, aiming to enhance overall performance in areas such as business process efficiency, data management, and operational control. Qian Hu Fishery's stock price closed at 0.142 yuan on Friday, unchanged