Haid Group's Q3 2025 Performance: A Strategic Play in a Resurgent Global Aquaculture Market

In Q3 2025, Guangdong Haid Group Co., Ltd. delivered a mixed but strategically significant performance, reflecting both the challenges and opportunities inherent in its dual focus on domestic and international markets. While consolidated net sales surged 14.01% year-over-year to 33,163.66 million yuan, according to the company's quarterly results, net profit attributable to shareholders saw a more dramatic 30.2% YoY increase, reaching 1.50 billion yuan (0.90 yuan per share), according to Haid Group's first-half report. This divergence underscores the company's ability to leverage operational efficiencies and cost reductions in its core feed business, even as broader market dynamics tempered top-line growth, per an industry market projection.

Navigating Financial Complexities

The apparent discrepancy in profit figures-0.3% YoY growth in one report, according to a Mordor report, versus 30.2% in another Haid Group filing-highlights the importance of contextualizing metrics. The 30.2% rise in net profit likely reflects standalone results for shareholders, whereas the 0.3% figure may represent a broader net profit metric, including non-core operations. Regardless, the operating profit margin (excluding other income) of 5.01%, as the quarterly results show, and trailing twelve-month EBITDA of 6,288.61 million yuan, according to a valuation table suggest robust underlying profitability. These figures position Haid Group favorably against industry peers, particularly as global aquaculture feed markets expand.

A Retail Market in Transition

The broader retail market for aquaculture feed is undergoing a transformative phase. The global aquaculture feed market, valued at USD 31.46 billion in 2024, is projected to grow at a 3.4% CAGR, reaching USD 37.18 billion by 2033 (the market projection referenced above). This growth is driven by rising seafood demand and a shift toward sustainable practices, such as plant-based feed formulations and recirculating aquaculture systems (RAS), as noted in the Mordor analysis. Haid Group's strategic investments in these areas-evidenced by its 40% YoY increase in overseas feed sales reported in the quarterly results and 16% growth in vannamei shrimp feed in 2024 reported in Haid Group's first-half report-align closely with these trends.

Competitive Positioning and Expansion

Haid Group's long-term potential is further bolstered by its aggressive international expansion. The company's focus on regions like the Greater Vietnam area, East and Central Africa, and South America, highlighted in a Changjiang Securities report, taps into markets with untapped aquaculture potential. For instance, its aquaculture feed sales in 2024 reached 5.85 million metric tons (per Haid Group's first-half report), and it aims to add 3 million metric tons in 2025, with overseas markets accounting for a significant share. This strategy mirrors global industry trends, where Asia-Pacific remains the largest market and where Haid's domestic expertise provides a competitive edge, as described in the Mordor report.

Risks and Opportunities

While Haid Group's trajectory appears promising, challenges persist. Domestic market saturation and regulatory pressures on antibiotic use in feed could constrain growth unless offset by continued innovation. However, the company's emphasis on sustainable technologies-such as solid-state fermentation and precision nutrition platforms, noted in the Mordor report-positions it to mitigate these risks. Additionally, its focus on medicated and functional feeds aligns with tightening regulations in Europe and North America, opening new revenue streams (as indicated in the quarterly results).

Conclusion

Haid Group's Q3 2025 results, when viewed through the lens of a recovering global retail market, reveal a company adept at balancing short-term operational discipline with long-term strategic vision. Its ability to capitalize on international expansion, coupled with industry tailwinds in sustainability and technological innovation, suggests a compelling investment case. As the aquaculture feed market evolves, Haid Group's dual strengths in scale and adaptability may well define its next phase of growth.