Manor Ranch: The net profit in the first half of 2025 was a loss of 27.6698 million yuan, a decrease of 68.50% year-on-year.

Manor Ranch Announcement: In the first half of 2025, the operating income was 4.2 billion yuan, a year-on-year decrease of 1.31%. The net loss was 27.6698 million yuan, a year-on-year decrease of 68.50%. The company actively optimized its business strategy, faced with the pressure of industry adjustments, and achieved a slight decrease in operating income. However, due to factors such as fluctuations in the price of fresh milk, the net profit suffered a loss.