1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Food: meat/fish/dairy
YuanShengTai Dairy Farm Ltd.

YuanShengTai Dairy Farm Ltd.

HHKEX:1431
0.28
HKD
-0.01
(-3.45%)
1.17BMarket Cap
Apr 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.36
0.3
0.26
0.26
0.22
0.23
0.3
0.33
0.38
0.45
0.47
0.54
0.58
- -
Basic EPS, GAAP
0.09
0.11
0.02
-0.02
-0.01
-0.12
0.05
0.12
0.03
- -
-0.07
0.06
0.12
- -
Free Cash Flow per Basic Share
-0.05
-0.11
-0.04
- -
0.05
0.02
0.04
0.06
0.06
0.03
0.1
0.19
0.19
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1
1.11
1.13
1.11
0.98
0.87
0.92
1.04
1.08
1.08
1.02
1.08
1.2
1.2
Tangible Book Value per Share
0.97
1.08
1.1
1.09
0.96
0.85
0.9
1.03
1.08
1.08
1.02
1.08
1.2
1.2
Basic Weighted Avg Shares
2,477
3,909
3,909
3,909
4,665
4,690
4,690
4,690
4,690
4,690
4,690
4,690
4,690
4,690
Sales/Revenue/Turnover
881
1,163
1,033
1,029
1,014
1,100
1,390
1,554
1,777
2,090
2,209
2,552
2,733
- -
Operating Margin (%)
35.82
41.04
28.79
28.2
16.48
17.95
23.78
22.08
23.01
20.78
22.74
35.72
40.11
- -
Depreciation Expense
51
58
61
72
73
68
82
90
108
122
149
128
142
- -
Net Income, GAAP
218
419
66
-89
-68
-556
223
578
157
23
-340
297
552
- -
Effective Tax Rate (%)
0.18
0.32
1.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.16
- -
Profit Margin (%)
24.72
36.01
6.41
-8.61
-6.7
-50.59
16.05
37.19
8.84
1.09
-15.38
11.63
20.21
- -
Working Capital
1,503
1,038
885
791
799
790
919
853
585
-33
-213
-220
-62
-62
LT Debt
- -
- -
- -
- -
- -
- -
- -
68
257
809
1,030
515
181
181
Total Equity
3,911
4,336
4,420
4,356
4,612
4,092
4,318
4,896
5,053
5,088
4,765
5,067
5,616
5,616
Return on Invested Capital (%)
11.62
10.17
1.17
- -
- -
- -
7.85
16.27
7.94
7.65
- -
- -
17.89
- -
Return on Capital (%)
13.6
10.69
1.72
- -
- -
- -
5.3
12.5
3.12
0.58
- -
- -
9.43
- -
Return on Common Equity (%)
9.67
10.16
1.51
-2.02
-1.51
-12.78
5.3
12.54
3.16
0.45
-6.9
6.03
10.34
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
413
330
444
LT Borrowings
485
466
165
LT Finance Leases
30
16
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,690
4,690
4,690
Market Capitalization
688
1,199
1,054

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,692
1,584
1,688
Cash, Cash Equivalents & STI
941
1,093
918
Accounts Receivable, Net
35
2
16
Inventories
673
459
604
Total Current Liabilities
1,912
1,564
1,750
Payables & Accruals
- -
- -
- -
ST Debt
413
330
444
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.68%
2.94%
10.84%
Free Cash Flow
310.03%
54.64%
-0.11%
Net Income, GAAP
-136.56%
-369.33%
86.22%
Sales/Revenue/Turnover
10.51%
12.06%
7.1%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,209
2024
- -
- -
2,552
2025
- -
- -
2,733

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.07
2024
- -
- -
0.06
2025
- -
- -
0.12

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yong Jiu Zhang
Full Time Employees
2,268
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Gaoxinzhigu Building Qiqihar HL China
IPO Date
Nov 26, 2013
Website
ystdfarm.com
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Business
YuanShengTai Dairy Farm Limited (1431.HK) is a leading dairy farming company in the People's Republic of China that engages in the production and sale of super premium raw cow milk and raw goat milk to major dairy manufacturers. The company operates eleven dairy cow farms located in Heilongjiang Province and Jilin Province with a total site area of approximately 9.7 million square meters and designed capacities ranging from 1,960 to 30,000 dairy cows; its dairy goat operations, previously including a farm in Shaanxi Province, were disposed of to an independent third party in June 2024. YuanShengTai produces high-quality raw milk characterized by low microbe counts, high protein and fat content, and optimal freezing points, supplying primarily leading processors such as Feihe Dairy Group, Yili Group, and Mengniu Group, with all sales derived from customers in Mainland China; founded in 2008, it is headquartered in Qiqihar, Heilongjiang Province. The company's core offerings focus on raw cow milk sales, which totaled 566,704 tonnes in 2024 at an average price of RMB4,500 per tonne, and minimal raw goat milk volumes of 306 tonnes at RMB6,246 per tonne; it maintains a herd of over 107,000 dairy cows, including 49,330 matured milkable cows, achieving an average annual milk yield of 12.7 tonnes per cow through optimized breeding, digital management, enhanced feed formulas, and economies of scale. In recent developments, YuanShengTai reported a net profit of RMB296.7 million for the year ended December 31, 2024, reversing a prior-year loss through 23.2% higher raw cow milk sales volumes, cost efficiencies in feed and operations, and gross profit margin expansion to 37.0%; it entered the 2026 Feihe Master Agreement on September 29, 2025, extending super premium raw milk supply to Feihe Dairy Group (its largest customer, contributing 94.0% of 2024 revenue) through 2028 with priority rights and annual caps up to RMB3,700 million, pending independent shareholder approval; additionally, the company grew its mature milkable cow inventory by 23.8% to 49,330 heads, reduced bank borrowings to RMB884.3 million, and continues expanding farm capacities while aligning with PRC policies promoting raw milk usage and diversified dairy consumption.