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Hong Kong stocks moved: Dairy industry stocks rose significantly due to increased industry concentration and potential benefits from fertility policies. Leading infant formula companies are expected to experience a double boost.
Dairy stocks are leading in gains. As of the time of writing, MENGNIU DAIRY (02319) is up 6.83%, trading at 19.72 HKD; YU RAN MUYE (09858) is up 3.83%, trading at 2.44 HKD; CHINA FEIHE (06186) is up 1.38%, trading at 6.59 HKD; CH MODERN D (01117) is up 0.88%, trading at 1.15 HKD.
FIRST SHANGHAI Securities: CH MODERN D (01117) is about to reverse, giving it a "Buy" rating.
In 2024, the company’s herd size reached 0.491 million heads, with dairy cows accounting for 51.1%, an increase of 2.6 percentage points year-on-year. The annual milk yield per dairy cow increased by 1.6% year-on-year to 12.8 tons, and the total output of raw milk reached 3.01 million tons, which is an increase of 16.1% year-on-year, continuing to maintain growth on a high basis.
CH MODERN D (01117.HK): Projected revenue of 13.254 billion yuan for the fiscal year 2024, with a proposed final dividend of 0.0122 yuan per share.
On March 25, Gelonghui reported that CH MODERN D (01117.HK) announced that for the year ending December 31, 2024, it achieved revenue of 13.254 billion yuan, a year-on-year decrease of 1.5%; gross profit was 3.451 billion yuan, a year-on-year increase of 10.3%; the loss attributable to shareholders was 1.417 billion yuan, compared to a profit of 0.175 billion yuan in the same period last year; basic loss per share was 18.09 yuan. The Board of Directors recommended a final dividend of 0.0122 yuan per ordinary share (2023: 0.0045 yuan).
CH MODERN D (01117) released its annual performance with a gross profit of 3.451 billion yuan, a year-on-year increase of 10.3%. The average annual output per lactating cow and total milk production both reached historic highs.
CH MODERN D (01117) announced its annual performance for the year ending December 31, 2024, with group revenue of 13... yuan.
Express News | China Modern Dairy - Loss for Year RMB1,469 Mln
Express News | China Modern Dairy - Final Dividend of RMB0.0122 per Ordinary Share
