Core Insights - The company, Youran Dairy (09858), reported a mid-year performance for 2025, achieving a revenue of 10.284 billion yuan, representing a year-on-year growth of 2.3% [1] - The profit for the period, before fair value adjustments of biological assets, was 1.985 billion yuan, reflecting a year-on-year increase of 10.1% [1] - Cash EBITDA reached 2.811 billion yuan, marking a year-on-year growth of 7.1% [1] - The gross profit margin improved to 30%, an increase of 1.7 percentage points compared to the previous year [1] Revenue Breakdown - Revenue from raw milk business was 7.896 billion yuan, showing a year-on-year growth of 7.9% [1] - The annualized single production of quality fresh milk from breeding cows (excluding Saikexing) increased to 13.1 tons [1] - The cost of feed per kilogram decreased by 12% year-on-year [1] Business Segment Performance - Sales volume of precision feed for beef and sheep under the ruminant systematic solution business grew by 60.9% year-on-year [1] - Revenue from the breeding business increased by 30.95% year-on-year [1] - Sales of dairy cow sexed embryos rose by 13.5% year-on-year, indicating significant improvements across various business metrics [1]
优然牧业(09858)2025年上半年营收同比增长2.3%至102.84亿元