Kingsino: Expected loss of 21 million to 25 million yuan in the first half of the year

Kingsino disclosed its performance forecast on the evening of July 11, expecting a net loss attributable to shareholders of the listed company of 21 million to 25 million yuan in the first half of 2025. During the reporting period, the company's breeding business continued to reduce costs, resulting in a year-on-year decrease in losses; external feed sales increased by 44% compared to the same period last year, and the domestic market share improved. However, due to the impact of declining gross margins, the profitability of the feed business decreased year-on-year. The main reason for the increase in the company's non-recurring gains and losses compared to the same period last year was an increase in the disposal gains and losses of productive biological assets of approximately 9 million yuan and an increase in futures business gains and losses of approximately 11 million yuan