Zhongguo Shengmu (01432) announced its interim performance for the six months ending on June 30, 2024, with revenue of RMB 1.568 billion, a decrease of 4.6% year-on-year; shareholders' losses amounted to RMB 0.144 billion, compared to a profit of RMB 23.327 million in the same period last year; loss per share was RMB 0.018.

Despite the continued decline in milk prices in the first half of the year, thanks to effective cost reduction and efficiency improvement measures and the steady operation of core business, the cost of kilogram milk sales in the period decreased by 7.3% year-on-year, EBITDA profit increased by 9.8% year-on-year, and the yield per dairy cow reached a record high of 12 tons for the first time, an increase of 10.3% compared to the same period last year. At the same time, as the first enterprise in the national dairy farming industry to obtain the ISO22000 Food Safety Management System (FSMS) certificate, the company will continue to contribute to the public health with high-quality organic food.