AustAsia Group Limited

AustAsia Group Limited

HHKEX:2425
1.57
HKD
-0.13
(-7.65%)
693.60MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
29.99
30.79
36.64
6.88
6.04
5.45
5
- -
Basic EPS, GAAP
4.28
5.32
5.51
0.23
-0.64
-1.66
-0.92
- -
Free Cash Flow per Basic Share
5.18
1.19
2.43
0.61
-0.45
0.88
1.11
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
36.09
36.39
41.7
7.3
6.64
4.98
3.4
4.98
Tangible Book Value per Share
35.95
36.35
41.66
7.3
6.64
4.98
3.4
4.98
Basic Weighted Avg Shares
768
768
768
679
764
763
816
763
Sales/Revenue/Turnover
23,044
23,655
28,151
4,672
4,615
4,158
4,081
- -
Operating Margin (%)
21.9
23.07
20.49
12.11
11.02
6.44
11.21
- -
Depreciation Expense
1,127
806
885
170
192
216
217
- -
Net Income, GAAP
3,291
4,086
4,234
158
-489
-1,269
-751
- -
Effective Tax Rate (%)
0.17
1.11
2.27
8.05
- -
- -
- -
- -
Profit Margin (%)
14.28
17.27
15.04
3.38
-10.59
-30.53
-18.39
- -
Working Capital
450
2,031
3,880
107
-510
-1,252
-905
-1,252
LT Debt
8,443
6,039
14,874
2,559
2,819
2,392
2,411
2,392
Total Equity
27,548
27,781
31,832
5,574
5,076
3,808
3,335
3,808
Return on Invested Capital (%)
- -
14.12
12.58
1.74
- -
- -
- -
- -
Return on Capital (%)
- -
11.99
11.71
1.22
- -
- -
- -
- -
Return on Common Equity (%)
- -
14.77
14.21
0.85
-9.18
-28.58
-21.02
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
2,087
1,991
2,547
LT Borrowings
1,384
1,209
1,036
LT Finance Leases
1,435
1,342
1,357
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
764
764
764
Market Capitalization
1,178
750
652

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
2,743
2,057
2,390
Cash, Cash Equivalents & STI
274
105
282
Accounts Receivable, Net
367
304
297
Inventories
1,824
1,419
1,571
Total Current Liabilities
3,253
3,085
3,642
Payables & Accruals
- -
- -
- -
ST Debt
2,087
1,991
2,547
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-22.85%
-12.4%
Free Cash Flow
- -
-83.78%
34.32%
Net Income, GAAP
- -
-76.61%
-40.86%
Sales/Revenue/Turnover
- -
-15.47%
-1.85%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4,615
2024
- -
- -
4,158
2025
- -
- -
4,081

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.64
2024
- -
- -
-1.66
2025
- -
- -
-0.92

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Ku Yang
Full Time Employees
2,671
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
#15-08, Orchard Towers Singapore CE Singapore 238875
IPO Date
Dec 30, 2022
Business
AustAsia Group Ltd. is a dairy and livestock farming company engaged in the production and sale of raw milk, beef cattle, and related feed products, with a distribution footprint for milk products in the People’s Republic of China. It operates through two principal segments: Raw Milk Business and Beef Cattle Business, and maintains an ancillary business selling branded milk products under its own label. The company is headquartered in Dongying, Shandong Province, China, and conducts its primary operations from a network of dairy farms located in the Inner Mongolia region's Golden Raw Milk Belt and Shandong province, with a focus on high-quality milk production and cattle husbandry. AustAsia Group Ltd. was founded in 2022 and is publicly listed on the Hong Kong Stock Exchange under the ticker 2425.HK. Main products and services - Raw milk production and sales: operates multiple dairy farms producing raw milk for domestic and downstream dairy customers; emphasizes high milk yield and quality through pastoral management and feed optimization; serves large-scale national and regional dairy product manufacturers. - Beef cattle farming: raises and sells beef cattle to downstream buyers, supporting integrated supply chain capabilities from breeding to feed management. - Ancillary dairy products and branded goods: distribution and sale of milk products under its own brand and through B2B channels, including consumer-facing dairy offerings. - Upstream farming inputs and services: provision of feed products and related agricultural inputs to support farm operations; potential involvement in genetic and breeding initiatives to improve productivity and milk quality. Latest major company changes - Strategic expansion into upstream dairy farming through continued farm acquisitions and capacity expansion in Inner Mongolia and Shandong region to increase raw milk output and stabilize supply for downstream customers. - Strengthening partnerships with major dairy processors and downstream manufacturers to secure long-term supply agreements and broaden market access in PRC. - Continued corporate development following the 2022 IPO; recent disclosures indicate ongoing governance enhancements, farm optimization programs, and potential reevaluation of product mix to emphasize higher-margin dairy segments. - Possible adjustments to branding and distribution strategy to support a more cohesive B2B/B2C go-to-market, aligning with investor expectations for scale, margin improvement, and sustainable farming practices. Additional context - Industry and business segments: primary agribusiness with focus on dairy farming, raw milk production, beef cattle operations, and branded dairy products; downstream distribution to major food and beverage players. - Target markets: substantial focus on Mainland China dairy product manufacturers and retailers, with potential export considerations in select markets depending on regulatory approvals and capacity. - Geographic operations: headquarters in Dongying, Shandong; farms and production facilities predominately in Inner Mongolia and Shandong Province, PRC; regulatory and market exposure to PRC policies affecting dairy farming, food safety, and environmental standards. - Subsidiaries/parent relationships: operates through a corporate structure with manufacturing farms and related entities under AustAsia Group Ltd.; public listing implies a parent company relationship to a holding or operating subsidiaries that carry out day-to-day dairy production and sales activities.