China Modern Dairy Issues Positive Profit Alert for H1 2026
Key Highlights
- Profit Before Tax Expected: The Group anticipates reporting a profit before tax of not less than RMB43 million for the six months ended 30 June 2026, marking a significant turnaround from the approximately RMB972 million loss before tax posted in the same period last year (H1 2025).
- Major Reasons for Improvement:
- Substantial reduction in losses from changes in the fair value of dairy cows, driven by fewer culled cattle and higher selling prices for culled cattle.
- Gross profit margin from raw milk sales remained stable, while total gross profit from sales increased.
- Successful implementation of cost reduction and efficiency strategies, leading to lower feed costs and effective control over other expenses.
- Interim Results Timeline: The interim results announcement is expected by the end of August 2026.
- Caution to Investors: The figures are based on preliminary unaudited management accounts and may be subject to final adjustments. Investors are advised to exercise caution when dealing in the Company’s securities.
Details Investors Must Know
The Board of China Modern Dairy Holdings Ltd. has issued a positive profit alert that could significantly impact the share price. The Company expects to deliver a profit before tax of at least RMB43 million for the first half of 2026, a remarkable recovery from a RMB972 million loss before tax in the corresponding period last year.
This turnaround is attributed to:
- Improved livestock management and market conditions, which reduced the losses from fair value changes in dairy cows. This was mainly due to fewer cattle being culled and higher selling prices for those culled.
- Stable gross profit margins in raw milk sales, with an actual increase in gross profit compared to the prior year period.
- Ongoing cost controls and efficiency initiatives, which cut feed costs and other expenses.
These developments indicate a significant operational and financial recovery, which is likely to be price sensitive information for shareholders. The strong swing from loss to profit can influence investor sentiment and may drive the Company’s share price higher when results are confirmed.
However, shareholders should be aware that the announcement is based on preliminary unaudited figures, and the final results (to be announced by the end of August 2026) may differ. Investors are urged to exercise caution when trading in the Company’s securities.
Board and Management
The Board comprises executive directors Mr. Sun Yugang and Mr. Zhu Xiaohui; non-executive directors Mr. Chen Yiyi (Chairman), Mr. Shen Xinwen, Mr. Wen Yongping, and Ms. Gan Lu; and independent non-executive directors Mr. Li Shengli, Mr. Lee Kong Wai, Conway, and Mr. Chow Ming Sang.
Disclaimer: This article is for information purposes only and does not constitute investment advice. The information is based on preliminary unaudited financial data and may be subject to change. Investors should conduct their own research and consult with professional advisors before making investment decisions.
中國現代牧業發佈2026年上半年正面盈利預告
重點摘要
- 預期稅前盈利： 集團預計截至2026年6月30日止六個月的稅前盈利不少於人民幣4,300萬元，與2025年同期約人民幣9.72億元的稅前虧損相比，實現重大扭轉。
- 業績改善主要原因：
- 由於淘汰牛數量減少及淘汰牛售價上升，奶牛公允價值變動損失大幅減少。
- 原奶銷售毛利率保持穩定，整體銷售毛利增加。
- 持續推進降本增效策略，飼料成本及其他費用得到有效控制。
- 中期業績公佈時間： 預計於2026年8月底前公佈。
- 投資者注意： 有關數據基於初步未經審核管理賬目，最終業績可能有所調整，投資者買賣公司證券時需審慎。
股東須知的重要事項
中國現代牧業控股有限公司董事會發佈正面盈利預告，這將對股價產生潛在重大影響。公司預計2026年上半年將錄得至少人民幣4,300萬元稅前盈利，與去年同期人民幣9.72億元的虧損形成鮮明對比。
業績轉虧為盈主要由以下因素推動：
- 畜牧管理及市場環境改善， 奶牛公允價值變動損失減少，特別是淘汰牛減少及其售價上升。
- 原奶銷售毛利率穩定， 並帶動整體毛利增加。
- 降本增效措施得力， 飼料成本及其他費用均得以有效控制。
這些正面發展反映公司經營及財務狀況顯著好轉，屬於價格敏感的信息，對投資者有重要參考價值，或有助於未來股價表現。
然而，股東需注意本公告僅基於初步未經審核數據，最終業績（預計於2026年8月底公佈）可能有所變動，投資者在買賣公司證券時應審慎評估。
董事會及管理層
董事會成員包括執行董事孫玉剛先生、朱曉輝先生；非執行董事陳一伊先生（主席）、沈新文先生、溫永平先生及甘露女士；以及獨立非執行董事李勝利先生、李港偉先生、周銘生先生。
免責聲明： 本文僅供資訊參考，並不構成投資建議。所載資料基於初步未經審核財務數據，可能會有所更改。投資者應自行研究及咨詢專業意見後作出投資決定。
