Kangbei: Net profit in 2025 was 38.9917 million yuan, a year-on-year decrease of 56.34%.

Kangbei released its interim financial report, achieving an operating income of 1.159 billion yuan in 2025, a year-on-year increase of 11.40%; a net profit of 38.9917 million yuan, a year-on-year decrease of 56.34%. During the reporting period, the company achieved an operating income of 1.159 billion yuan, a year-on-year increase of 11.40%, mainly due to the company's persistence in R&D innovation, product iteration and upgrading, continuous expansion of sales channels, consolidation of existing market share, and active exploration of new segmented markets to drive steady growth in operating income. During the reporting period, the net profit attributable to shareholders of the listed company was 38.9917 million yuan, a decrease of 56.34% from the same period last year; the net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was 36.7426 million yuan, a decrease of 57.85% from the same period last year; the basic earnings per share was 0.32 yuan, a decrease of 55.56% from the same period last year. The main reason was that the company was affected by changes in the international market supply and demand situation. The prices of the company's core raw materials, whey protein isolate and whey protein concentrate, continued to rise and remained high. The pressure on raw material costs was significant, resulting in a significant decline in the company's comprehensive gross profit margin. At the same time, in order to expand the market and increase revenue scale, the company increased its market promotion investment correspondingly, narrowing the profit margin and leading to a year-on-year decrease in profit for the period.