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港股异动 | 优然牧业(09858)盘中涨超5% 行业量、价仍有空间 公司成本管理成效显著

Hong Kong stocks movement | Youran Dairy (09858) rose over 5% during the trading session. Industry volume and price still have room for growth, and the company's cost management has been remarkably effective.

Zhitong Finance ·  Dec 30, 2024 10:40

Youran Agriculture (09858) rose over 5% during the trading session. As of publication, it has increased by 5.26%, priced at 1.6 Hong Kong dollars, with a trading volume of 11.8376 million Hong Kong dollars.

According to the Zhitudong Finance APP, Youran Dairy (09858) rose over 5% during trading. As of the time of writing, it increased by 5.26%, priced at 1.6 HKD, with a trading volume of 11.8376 million HKD.

Huachuang Securities released a Research Report stating that there is still room for quantity and price in the Industry, and supply-side barriers have been strengthened amidst fluctuations in the raw milk cycle. The long-term logic of the Industry remains unchanged. Currently, companies are gradually reducing inventory, and various impairments in the upstream are converging as the de-stocking progresses, with corporate Operation becoming more rational and pragmatic. The Sector has already emerged from the bottom. With the reversal of the raw milk cycle, recovery in demand, and even catalysts for price increases, the Sector is expected to welcome a dual opportunity for performance and valuation. Attention should be paid to small and medium dairy companies and leading farms, including Xinjiang Tianrun Dairy, Youran Dairy, and CH MODERN D.

Citigroup previously pointed out that Youran Dairy's raw milk sales and gross margin for the first half of 2024 are both better than Citigroup's expectations. In terms of costs, Youran Dairy has achieved significant management effectiveness. During the reporting period, Youran Dairy's cost of fodder per kilogram decreased by 12.9%, while non-fodder costs reduced by 2.9%, leading to an overall cost reduction of 11%. This is attributed to the company's continuous optimization of its cost structure, successfully achieving a decrease in unit costs. The management expects that as fodder prices further decline and operational efficiency improves, gross margin will maintain a stable level in the second half of the year.

The translation is provided by third-party software.


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