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DBS Bank: Ch modern d (01117) gross margin steadily recovering, maintaining a "buy" rating.
DBS Bank believes that with the reduction of fodder costs, the gross margin of Ch Modern D will continue to recover, and profitability will be further unleashed.
Citic Securities reiterates its 'outperform the market' rating on ch modern d (01117), demonstrating long-term confidence.
Citigroup believes that demand rebound, fodder costs, and the sale price of cows will be key factors in the short term.
Ch Modern D (01117) released its interim performance. The total sales volume of raw milk reached 1.4 million tons, a year-on-year increase of 13.4%. The average annual output and total milk production per dairy cow reached a historical new high.
China Modern Dairy (01117) released its six-month financial performance ending on June 30, 2024, during which the group achieved revenue...
Modern Dairy (01117.HK) reported a mid-term sales revenue of 6.42 billion yuan, a decrease of 3.2% year-on-year.
On August 27, Gelunhui announced that as of June 30, 2024, the group recorded sales revenue of 6418.5 million yuan, a decrease of 3.2% year-on-year. During the period, the company's net loss attributable to owners of the company was 228.3 million yuan (2019: profit of 209.3 million yuan), a decrease of 209.1% year-on-year. During the period, the group recorded cash EBITDA of 151.5 million yuan, an increase of approximately 244 million yuan compared to the same period in 2023, with a growth rate of 19.2%.
Express News | China Modern Dairy - Hy Revenue RMB6,418.5 Mln
Express News | China Modern Dairy - Hy Loss RMB207.2 Mln