HK Stock Market Move | YST DAIRY(01431) profit rose by over 36% after Yingxi, expected to achieve profit in 2024, with a maximum net profit of around 320 million RMB.

YST DAIRY (01431) rose by over 36% after the good news, reaching 0.22 Hong Kong dollars per share, with a trading volume of 1.3955 million Hong Kong dollars. On the news side, YST DAIRY announced that it expects a net profit of 270 million to 320 million yuan in 2024, compared to a net loss of nearly 340 million yuan in the same period in 2023, turning from loss to profit. The company said that the return to profit was mainly due to an increase in sales volume, a decrease in the cost of cow feed, an increase in gross profit compared to 2023, and a decrease in the fair value change of biological assets reducing the loss on selling costs compared to 2023.