Group 1 - The company Modern Dairy has issued a profit warning, expecting a net loss of 800 million to 1 billion yuan for the first half of the year, significantly worse than the net loss of 207 million yuan in the same period last year, marking the lowest mid-year report in eight years [1][3] - Approximately 80% of the company's revenue comes from raw milk sales, with over 70% of that revenue generated from its key customer, Mengniu [3] - The domestic raw milk market remains oversupplied, with raw milk prices dropping significantly; from January to April, the average purchase price of fresh milk in major dairy-producing provinces fell from 3.12 yuan per kilogram to 3.07 yuan, with a month-on-month decline exceeding 10% [3] Group 2 - The increase in net loss is primarily attributed to the company's decision to eliminate low-yield cows, leading to a revaluation loss of dairy cattle estimated between 1.65 billion and 1.85 billion yuan [3] - The company clarified that the revaluation loss of dairy cattle is a non-cash item and will not adversely affect cash flow, working capital, or ongoing operations [3] - Due to high breeding costs and declining raw milk prices, the company reported a significant loss last year, with 2024 revenue projected at 13.25 billion yuan, a year-on-year decline of 1.51%, and a net loss of 1.417 billion yuan, a staggering drop of 908% [3] Group 3 - The company is implementing cost control measures to reduce raw milk sales costs, and the CEO indicated that industry capacity adjustments are accelerating, potentially leading to a turning point in the second half of 2025 [4]
创8年新低！现代牧业上半年预亏超8亿元