DaChan Food (Asia) Limited (Stock Code: 3999) announced its unaudited consolidated results for the nine months ended 30 September 2025. Turnover reached RMB4,495.32 million, a 4.1% increase compared with the same period in 2024, while gross profit amounted to RMB506.21 million. The gross profit margin stood at 11.3%, down from 12.6% in the prior year. Attributable loss to shareholders was RMB14.68 million, reversing from a profit of RMB36.91 million for the same period last year.

During the third quarter, the company recorded operating income of RMB1,585.48 million, with profit attributable to shareholders of RMB20.39 million, both rising year-on-year. The processed food segment performed robustly in the third quarter, with year-on-year growth in operating income and profit of 9.4% and 32.1%, respectively, contributing notable support amid market volatilities.

For the nine-month period, processed food, feeds, and meat products contributed 46%, 27.5%, and 26.5% of operating income respectively and accounted for 76.5%, 17.6%, and 5.9% of total gross profit. Despite an increase of 6.1% in the processed food business's operating income for the nine months, rising competition led to a slight year-on-year decrease in gross profit.

The feeds business recorded a drop of 2.9% in operating income and 17.2% in gross profit for external sales. Ongoing industry consolidation resulted in fewer small-scale customers, impacting traditional pig feed demand. The company is strengthening cooperation with mid-sized and large-scale breeding farms and focusing on diversifying into new feed categories and channels.

Meat products operating income rose by 8.8% year-on-year, while gross profit declined by 35.5%. Persistent oversupply in the domestic white feather broiler market and low market prices weighed on margins. The business is refining its operating model, optimizing production costs, enhancing inventory management, and collaborating more closely with the processed food segment to expand premium channels and improve brand positioning.

Looking ahead, the company sees opportunities in product upgrades and continued consumption recovery. Efforts will center on bolstering the processed food business, improving profitability in the meat segment through a demand-driven model, and diversifying feeds. Digitalization and process optimization initiatives are intended to strengthen overall competitiveness. As of 30 September 2025, the group’s net assets stood at RMB2,426.57 million, with a current ratio of 1.48. The interest-bearing borrowings to equity ratio decreased slightly to 20.7%, reflecting a stable financial position.