China Youran Dairy Group Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

China Youran Dairy Group (HKG:9858) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥18.7b (up 3.6% from FY 2022).
• Net loss: CN¥1.05b (down by 353% from CN¥414.8m profit in FY 2022).
• CN¥0.28 loss per share (down from CN¥0.11 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Youran Dairy Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 15%.

The primary driver behind last 12 months revenue was the Raw Milk Business segment contributing a total revenue of CN¥12.9b (69% of total revenue). Notably, cost of sales worth CN¥14.2b amounted to 76% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥4.12b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 9858's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Food industry in Hong Kong.

Performance of the Hong Kong Food industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - China Youran Dairy Group has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.