ST Langyuan's 2025 revenue is 292 million yuan, an increase of 18.9% year over year.

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April 3, ST Langyuan (rights protection) (300175) released its 2025 annual report. The company’s operating revenue was 292 million yuan, up 18.9% year over year; the net profit attributable to shareholders narrowed from a loss of 36.44 million yuan in the same period last year to a loss of 14.97 million yuan, with the loss amount reduced; the non-recurring items net profit attributable to shareholders narrowed from a loss of 39.56 million yuan in the same period last year to a loss of 12.11 million yuan, with the loss amount reduced; net operating cash flow was -56.63 million yuan, down 63.2% year over year; EPS (fully diluted) was -0.0318 yuan.

Of which, in the fourth quarter, the company’s operating revenue was 107 million yuan, up 28.4% year over year; the net profit attributable to shareholders widened from a loss of 6.75 million yuan in the same period last year to a loss of 7.32 million yuan, with the loss amount further expanding; the non-recurring items net profit attributable to shareholders narrowed from a loss of 6.97 million yuan in the same period last year to a loss of 1.44 million yuan, with the loss amount reduced; EPS was -0.0155 yuan.

As of the end of the fourth quarter, the company’s total assets were 561 million yuan, down 22.9% from the end of the prior year; net assets attributable to shareholders were 504 million yuan, down 3.2% from the end of the prior year.

In its 2025 annual report, the company mentioned that its processing business for agricultural and sideline products remained stable. The main products include dried fruit, nuts, fresh fruit, etc., and market demand continued to grow. Relying on its advantages in quality and scale, the company is consolidating its existing customer base while actively developing new customers and gradually increasing its market share.

During the reporting period, the company completed the external disposal of a data center project located in Taiyuan. Although overall operations remained normal, due to increased raw material prices and fines resulting from administrative penalties, the company’s net profit incurred a loss. Management emphasized that there have been no major adverse changes to its core competitiveness, and there were also no unfavorable factors in the industry such as excess capacity or technological substitution.

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