Core Insights - The company reported a revenue of 3.684 billion yuan for the year ending December 31, 2024, representing a year-on-year decrease of 6.1% [2] - Gross profit was 491 million yuan, down 30.7% year-on-year, while net loss increased to 1.269 billion yuan, a rise of 159.7% [2] - The increase in losses is attributed to changes in the fair value of biological assets, but the company emphasizes that these losses are not cash losses and suggests focusing on gross profit and CASH EBITDA as more relevant performance indicators [2] Financial Performance - Revenue: 3.684 billion yuan, down 6.1% year-on-year [2] - Gross Profit: 491 million yuan, down 30.7% year-on-year [2] - Net Loss: 1.269 billion yuan, up 159.7% year-on-year [2] Operational Strategy - The company aims to reduce costs and improve efficiency in its dairy farm operations by increasing milk production per cow and lowering feed costs [2] - The company has effectively controlled raw milk production by increasing the elimination rate of milking cows and selling excess young cattle, leading to over 30% growth in finished milk sales [3] - In the beef business, the company is adjusting its cattle structure and launching its own beef brand to enhance profitability [3] Market Outlook - The company believes the dairy industry has passed its lowest point in the current cycle, with a noticeable reduction in supply-side capacity, and anticipates that the current cycle will end in the second half of this year [2] - The company expresses confidence in quickly restoring profitability and gaining a competitive edge once market conditions improve [3]
2024年亏损增加约160% 澳亚集团：一旦奶业行情好转将迅速恢复盈利