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1431 — YuanShengTai Dairy Farm News Story

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China's YuanShengTai Dairy Farm H1 revenue rises, profit jumps on higher milk sales volume

China's YuanShengTai Dairy Farm H1 revenue rises, profit jumps on higher milk sales volume


Overview

  • China raw milk producer's H1 revenue rose 11% yr/yr, driven by higher sales

  • Net profit for H1 more than doubled from a year earlier

  • Growth attributed to higher milk yield per cow and increased number of matured milkable cows


Outlook

  • Company did not provide specific financial guidance for the current or future periods in the press release


Result Drivers

  • RAW MILK SALES VOLUME - Sales volume of raw milk rose 6.3% yr/yr to 324,071 tonnes, supporting revenue growth

  • HERD OPTIMISATION - Number of matured milkable cows increased 2.8% yr/yr, further safeguarding stable supply of high-quality raw milk

  • BEEF CATTLE SALES - Revenue from sale of beef cattle contributed RMB40.6 mln during the period


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 1.46 bln

H1 Net Income Attributable

RMB 247.5 mln


Reuters Recommended Reads

  • Aug 25 - China Modern Dairy's H1 revenue rises on higher milk volume, yield per cow

  • Aug 25 - China's Youran Dairy swings to H1 profit amid improved demand

  • Aug 26 - China's Ausnutria Dairy H1 revenue falls; hurt by lower birth rate, competition


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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