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China Modern Dairy Holdings Ltd. ( (HK:1117) ) has provided an announcement.
China Modern Dairy Holdings Ltd. has announced a profit warning for the fiscal year ending December 31, 2024, anticipating a net loss between RMB1,350 million to RMB1,550 million, contrasting with the previous year’s net profit. Despite challenges such as decreased market prices for raw milk and strategic adjustments leading to non-cash losses, the company reports a strong cash EBITDA growth driven by improved farm management, cost control, and business integration efforts. The losses are attributed to non-cash items like fair value reassessment of dairy cows and goodwill impairment, which do not affect cash flow or ongoing operations.
More about China Modern Dairy Holdings Ltd.
China Modern Dairy Holdings Ltd., incorporated in the Cayman Islands, operates in the dairy industry. The company focuses on dairy farming and the production of raw milk, with a significant emphasis on quality farm management and sustainable growth. It has developed a robust dairy cow herd and has invested in large-scale organic raw milk farms to enhance its product offerings.
YTD Price Performance: 10.87%
Average Trading Volume: 6,604,106
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$8.05B
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