HK Stock Market Move | YOURAN DAIRY (09858) rose by over 8%, turning losses into profits year-on-year in the first half of the year. The company benefited from the reversal of the raw milk and meat cattle cycle.

YOURAN DAIRY (09858) rose over 8%, as of the time of writing, up 8.01% at HKD 4.38, with a transaction volume of HKD 64.9899 million. In terms of news, YOURAN DAIRY achieved a revenue of HKD 10.627 billion in the first half of this year, a year-on-year increase of 3.3%; the profit attributable to shareholders was HKD 806 million, turning a profit from a loss year-on-year. Guotou Securities pointed out that the companys ranch management capabilities are leading, benefiting from the reversal of the raw milk price cycle and the beef cattle price cycle, indicating promising profit elasticity. Thanks to the narrowing decline in the raw milk market price, improvements in the disposal price difference of discarded cattle, reduced feeding costs for dairy cows, and increased production per cow, the net loss from fair value adjustments of biological assets, minus sales costs, significantly reduced year-on-year from HKD 9.16 billion to HKD 1.316 billion, becoming the core driver for the profit turnaround.