Youran Dairy revenue up 7.5% amidst market challenges

Youran Dairy (HKEX: 9858) reported a 7.5% increase in revenue, reaching RMB20.096 billion for the year 2024, overcoming challenges of insufficient consumer confidence and raw milk imbalances. Gross profit rose 29.4% to RMB5.783 billion, and cash EBITDA increased by 38.3% to RMB5.325 billion. The company's strategy focused on operational management, technology innovation, industry chain synergies, digital empowerment, and low-carbon transformation. Raw milk production reached 3,747,448 tons, supported by a 5% increase in milk yield per milkable cow. Despite a 5.9% drop in raw milk prices, raw milk business revenue increased by 17.0%. Feed sales volume decreased by 5.0% due to industry conditions, though margin increased by 3.9%. R&D investment grew by 76%, with 91 core patents accumulated. Looking ahead to 2025, Youran will focus on high-quality development and ecosystem building.