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.)
Recent news on YuanShengTai Dairy Farm
See all newsBrief: YuanShengTai Dairy Farm Logs H1 Net Income Attributable RMB 247.5 Million
China's YuanShengTai Dairy Farm H1 revenue rises, profit jumps on higher milk sales volume
Brief: Yuanshengtai Dairy Farm Expects HY Net Profit
Brief: Yuanshengtai Dairy Farm Posts Total Comprehensive Income For Year Attributable Rmb549.3 Million
Brief: Yuanshengtai Dairy Farm Expects Net Profit Of Around RMB520 Million-RMB570 Million For Year