Hyundai Animal Husbandry (01117) is expecting profit before tax to be no less than 43 million yuan in the first half of the year, turning a year-on-year loss into a profit

According to the Zhitong Finance App, Hyundai Animal Husbandry (01117) announced that the Group expects to obtain a profit before tax of no less than RMB 43 million in the first half of 2026. Compared with the pre-tax loss of about RMB 972 million in the six months ending June 30, 2025, the first half of 2026 will turn a loss into a profit.

The expected profit before tax in the first half of 2026 is mainly due to (i) the decline in the number of cattle rushing combined with the increase in the price of dairy cows, a year-on-year decrease in fair value change losses for dairy cows; (ii) the gross margin of raw milk sales remained stable compared to the first half of 2025, while gross sales profit also increased; and (iii) continued implementation of effective cost reduction and efficiency strategies, feed costs declined year on year, and other operating costs and expenses were effectively controlled during the period.