China Modern Dairy's H1 revenue rises on higher milk volume, yield per cow

China Modern Dairy Holdings

25/08/2026 16:06

Overview
China dairy producer's half-year revenue rose 8.6% yr/yr to RMB 6.59 bln
Company returned to profit with RMB 41.7 mln net income for the period
No interim dividend declared for the six months ended June 2026

Outlook
Company did not provide specific financial guidance or forecasts for the current quarter or full year

Result Drivers
LOWER DAIRY-COW FAIR-VALUE LOSS – Profit swung to RMB41.7 mln from a RMB983.8 mln loss as dairy-cow fair-value losses fell 58.3% after strategic culling largely concluded
RAW-MILK VOLUME GROWTH – Raw-milk revenue rose 6.5% to RMB5.399 bln as sales volume grew 8.9%, supported by higher yield per milkable cow and a larger milkable-cow mix

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 6.59 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for China Modern Dairy Holdings Ltd is HK$1.83, about 18.5% above its August 25 closing price of HK$1.54
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 25 - China's Youran Dairy swings to H1 profit amid improved demand
Aug 25 - China's Nongfu Spring H1 revenue rises on tea beverage growth
Aug 25 - China Foods H1 revenue rises on channel expansion, functional-drink growth

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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.)