YuanShengTai Dairy Farm expects return to profitability

YuanShengTai Dairy Farm Limited (HKEX: 1431) announced a positive profit alert, projecting a net profit between RMB270 million and RMB320 million for the year ended December 31, 2024. This marks a significant turnaround compared to a net loss of RMB339.7 million in 2023. The expected profit is attributed to increased gross profit margins resulting from higher sales volumes and lower feed costs for cows, as well as a decrease in losses from changes in the fair value of biological assets. The company is still finalizing its consolidated financial results, and detailed information will be disclosed in its annual report, expected by the end of March 2025.