YST Dairy (01431) released its six-month performance as of June 30, 2024, with revenue of 1.205 billion yuan, an 11.4% year-on-year increase; net income of 0.129 billion yuan, a reversal from a loss of 0.264 billion yuan in the same period last year; basic earnings per share of 0.028 yuan.

YST Dairy is a company that focuses on producing high-quality raw milk. In terms of herd size and output, YST Dairy is one of the leading dairy farming companies in China. During the reporting period, the Group achieved a sales volume of 0.259 million tons of fresh milk, a 17% increase compared to the same period last year. The average selling price of fresh milk was 4,648 yuan per ton. Due to a decrease in the price of some fodder during the reporting period, the cost and expenses per kilogram of milk decreased, while the selling price of fresh milk slightly decreased, resulting in an increase in gross profit and net income. The company will further reduce the price of some feed by adjusting the feeding formula.