Youran Dairy listed in Hong Kong
A ceremony is held in Hohhot on June 18 to mark Youran Dairy's successful listing in Hong Kong. [Photo provided to chinadaily.com.cn]
Youran Dairy was successfully listed for trading in Hong Kong on June 18, with an issue price of HK$6.98 ($0.9) under the code "09858.HK".
A ceremony to mark the occasion in Hohhot, North China's Inner Mongolia autonomous region, on the same day.
Founded in 1984, Youran Dairy has now developed into a comprehensive animal husbandry company covering the entire industrial chain of "breeding, grass industry, feed, and aquaculture" in the upper reaches of the dairy industry.
The company is the world's largest supplier of raw milk, and is the first domestic animal husbandry company to achieve an annual operating income exceeding 10 billion yuan ($1.55 billion).
In addition, it is also China's largest ruminant feed provider, with more than 770,000 metric tons of ruminant concentrated feed sold in 2020.
The data shows that in the three years from 2018 to 2020, the annual operating revenue of Youran Dairy was 6.33 billion yuan, 7.67 billion yuan, and 11.78 billion yuan, respectively. Over the past three years, the annual compound growth rate was 36.4 percent, leading the industry in terms of scale and growth rate.
During this same period, its net profits were 653 million yuan, 802 million yuan, and 1.54 billion yuan, respectively, giving it an annualized compound growth rate of 53.6 percent.