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The latest update is out from China Shengmu Organic Milk Ltd ( (HK:1432) ).
China Shengmu Organic Milk Ltd has issued a profit warning, anticipating a significant loss for 2024 compared to a profit in 2023. This downturn is attributed to a decline in sales volume and revenue due to a supply-demand imbalance in the domestic raw milk market, coupled with a decrease in the selling price of raw milk. Additionally, losses have increased from changes in the fair value of biological assets, driven by the proactive retirement of inefficient cows and a weak beef cow market. Despite these challenges, the company reports improvements in herd quality and operational efficiency, aiming to sustain cash flow and development amid industry downturns.
More about China Shengmu Organic Milk Ltd
China Shengmu Organic Milk Ltd operates in the dairy industry, focusing on the production of organic milk and related products. The company is dedicated to enhancing the quality of its dairy herds and optimizing operational efficiency in the face of market challenges.
YTD Price Performance: -20.0%
Average Trading Volume: 6,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €172.9M
Learn more about 1432 stock on TipRanks’ Stock Analysis page.