China's AustAsia swings to profit in H1, aided by lower feed costs and higher beef prices

Austasia

31/08/2026 11:10

Overview
China dairy and beef producer's revenue rose 1.6% yr/yr for six months ended June
Net income attributable to owners of the parent swung to profit from prior loss
Gross profit increased 30.5%, driven by improved efficiency and reduced revaluation losses

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods

Result Drivers
BIOLOGICAL-ASSET REVALUATION – Profit swung to RMB108 mln as fair-value losses on biological assets fell to RMB74 mln from RMB462.4 mln, aided by lower feed costs and higher culling-cattle prices
FARMING EFFICIENCY – Gross profit rose 30.5% to RMB386.2 mln, driven by improved farming efficiency and higher average beef selling prices
BEEF AND FEED SALES – Revenue rose 1.6% to RMB1.73 bln, mainly due to higher beef-cattle prices and increased feed sales volumes

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.73 bln
 
H1 Net Income Attributable
 
RMB 108 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)