YST DAIRY (01431) announced a profit increase, with expected annual net profit of approximately 2.7 billion to 3.2 billion yuan.

YST DAIRY (01431) announced that it expects the group to achieve a net profit of approximately RMB 270 million to RMB 320 million for the year ending December 31, 2024, while the net loss for the year ending December 31, 2023 (previous year) was approximately RMB 339.7 million. The Board of Directors reached the above opinion after considering the following key factors: an increase in sales volume and a decrease in feed costs for cows resulted in increased gross profit compared to the previous year; and the fair value change of biological assets in the current year reduced the losses on sales costs compared to the previous year.