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Achieving Strong Growth in Results and Significant Increase in Net Profit for the Year
HONG KONG, Apr 1, 2022 – (ACN Newswire) – China Youran Dairy Group Limited (“Youran Dairy” or the “Company”, Stock Code: 9858.HK) was pleased to announce the audited consolidated results of the Company together with its subsidiaries (the “Group”) for the 12 months ended 31 December 2021 (the “Reporting Period”).
FINANCIAL HIGHTLIGHTS
— Revenue was approximately RMB15.346 billion, representing an increase of approximately 30.3% as compared with the same period in 2020.
— Adjusted net profit attributable to the owners of the Company was approximately RMB2.04 billion, representing a year-on-year increase of approximately 49.1%.
— Revenue from raw milk business increased by 36.4% year-on-year to RMB9.538 billion.
— Revenue from comprehensive ruminant farming solutions increased by 21.3% year-on-year to RMB5.808 billion.
— As of December 31, 2021, 73 modern dairy farms with 416,196 dairy cows were in operation.
In 2021, due to unfavorable factors such as the complex and volatile macro environment, high raw material prices and the recurrence of the COVID-19 pandemic, Youran Dairy has been able to achieve strong growth in performance with its long-term advantages of “the most comprehensive upstream dairy industry chain, the largest scale, the best structure and the operational capacity”. In 2021, the Group’s revenue was RMB15.346 billion, representing a year-on-year increase of 30.3%; the adjusted net profit attributable to the owners of the Company was RMB2.04 billion, representing a year-on-year increase of 49.1%.
The Group’s business has covered the entire upstream dairy industry chain from raw milk business, feed business, breeding business to ruminant farming products business, each of which has secured a leading position in its own field. During the Reporting Period, revenue from raw milk business increased by 36.4% year-on-year to RMB9.538 billion, while revenue from comprehensive ruminant farming solutions business increased by 21.3% year-on-year to RMB5.808 billion. Revenue from feed business, breeding business and ruminant farming products business included in the comprehensive ruminant farming solutions grew by 21.2%, 35.1% and 21% respectively. As of the end of 2021, Youran Dairy continued to expand its industry scale, operating 73 modern dairy farms with 416,000 dairy cows, showing an increase of 35 %, maintaining its position as the world’s largest raw milk supplier with great advantages.
During the year, against the backdrop of rising costs in the industry and declining gross profit, the Group’s gross profit margin remained consistent with the same period last year, reaching 30.6%. The gross profit margin of the raw milk business was higher than the industry standard, reaching 41.4%; the management expense ratio dropped from 6.3% to 5.4%, and the sales expense ratio dropped from 3.8% to 3.6%, consolidating the Group’s leading position in the industry.
Two-way breakthrough of self-construction and M&A of dairy farming industry promotes …
HONG KONG, Apr 1, 2022 – (ACN Newswire) – China Youran Dairy Group Limited (“Youran Dairy” or the “Company”, Stock Code: 9858.HK) was pleased to announce the audited consolidated results of the Company together with its subsidiaries (the “Group”) for the 12 months ended 31 December 2021 (the “Reporting Period”).
FINANCIAL HIGHTLIGHTS
— Revenue was approximately RMB15.346 billion, representing an increase of approximately 30.3% as compared with the same period in 2020.
— Adjusted net profit attributable to the owners of the Company was approximately RMB2.04 billion, representing a year-on-year increase of approximately 49.1%.
— Revenue from raw milk business increased by 36.4% year-on-year to RMB9.538 billion.
— Revenue from comprehensive ruminant farming solutions increased by 21.3% year-on-year to RMB5.808 billion.
— As of December 31, 2021, 73 modern dairy farms with 416,196 dairy cows were in operation.
In 2021, due to unfavorable factors such as the complex and volatile macro environment, high raw material prices and the recurrence of the COVID-19 pandemic, Youran Dairy has been able to achieve strong growth in performance with its long-term advantages of “the most comprehensive upstream dairy industry chain, the largest scale, the best structure and the operational capacity”. In 2021, the Group’s revenue was RMB15.346 billion, representing a year-on-year increase of 30.3%; the adjusted net profit attributable to the owners of the Company was RMB2.04 billion, representing a year-on-year increase of 49.1%.
The Group’s business has covered the entire upstream dairy industry chain from raw milk business, feed business, breeding business to ruminant farming products business, each of which has secured a leading position in its own field. During the Reporting Period, revenue from raw milk business increased by 36.4% year-on-year to RMB9.538 billion, while revenue from comprehensive ruminant farming solutions business increased by 21.3% year-on-year to RMB5.808 billion. Revenue from feed business, breeding business and ruminant farming products business included in the comprehensive ruminant farming solutions grew by 21.2%, 35.1% and 21% respectively. As of the end of 2021, Youran Dairy continued to expand its industry scale, operating 73 modern dairy farms with 416,000 dairy cows, showing an increase of 35 %, maintaining its position as the world’s largest raw milk supplier with great advantages.
During the year, against the backdrop of rising costs in the industry and declining gross profit, the Group’s gross profit margin remained consistent with the same period last year, reaching 30.6%. The gross profit margin of the raw milk business was higher than the industry standard, reaching 41.4%; the management expense ratio dropped from 6.3% to 5.4%, and the sales expense ratio dropped from 3.8% to 3.6%, consolidating the Group’s leading position in the industry.
Two-way breakthrough of self-construction and M&A of dairy farming industry promotes …
Full story available on Benzinga.com
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