Aoyou's revenue and profits grew both in 2024, with international business increasing significantly by 68.2%

Phoenix Finance
April 11, 2025 15:13:42 from Beijing
0 people participated 0 comments
On the evening of April 10, Aoyou Dairy Co., Ltd. (stock code: 1717.HK) issued an annual performance announcement for 2024. The announcement shows that in 2024, Aoyou achieved operating income of approximately RMB 7.402 billion, a year-on-year increase of 0.3%; profit attributable to equity holders of parent company was approximately RMB 236 million, a year-on-year increase of 35.3%, achieving double growth in revenue and profit resilience. It is worth mentioning that Aoyou International's business entered the fast lane, with a significant increase of 68.2% year-on-year, becoming a new engine driving performance growth.

Auyou said that in 2024, Auyou steadily promoted the family nutrition strategy of "milk powder + nutritional products" and further strengthened its leading position as "the world's number one goat milk brand". Through multi-dimensional measures such as strengthening science and technology innovation, expanding the market, improving efficiency, and consolidating the foundation, in the context of the overall narrowing of the infant distribution market, it has maintained its market share, achieved revenue rise against the trend and significant growth in profits, and has grown resiliently through the industry cycle.

By sector, Aoyou's own brand milk powder business achieved an overall revenue of approximately RMB 5.806 billion. Among them, the goat milk powder business achieved revenue of approximately RMB 3.699 billion, a year-on-year increase of 12.7%; the milk powder business achieved revenue of approximately RMB 2.107 billion. The nutritional product business segment achieved revenue of approximately RMB 305 million, an increase of 7.1% year-on-year, of which the NC brand achieved revenue of approximately RMB 176 million, an increase of 29% year-on-year.

By region, in 2024, the Chinese business of goat milk powder achieved revenue of approximately RMB 3.053 billion, a year-on-year increase of 5.3%; the international business of goat milk powder achieved revenue of approximately RMB 647 million, a year-on-year increase of 68.2%, and maintained a high-speed growth trend, and the proportion of the company's own brand formula goat milk powder business further increased to 17.5%.

It was disclosed that the Middle East region will continue to show a steady growth momentum in 2024; the CIS has achieved high double-digit growth; the Jiabeite infant and goat milk powder has entered the US market in one period and achieved a milestone breakthrough in the first year. Through the dual-track strategy of "online precision promotion + offline expansion of channels", Jiabeit goat milk powder quickly seized the Amazon platform category sales champion and was named "The Best Goat Infant Milk Powder in the United States". In the announcement, AOU said that as more and more medical professionals and professional institutions further recognize the value of goat milk, North America is expected to become another strategic growth pole after the Middle East.

During the announcement period, Aoyou invested in the construction of the Dutch Pallas factory to further accelerate the production efficiency of the company's new national standard products and help promote front-line sales work. In order to build a solid goat milk industry chain, Aoyou completed the acquisition of the remaining 50% of the shares of Dutch sheep cheese company Amalthea Group BV, realizing self-sufficiency of the core goat milk powder raw material - sheep whey; at the same time, Aoyou's product system has added cheese categories, and the core product portfolio of the international market is richer, further strengthening the international market strategic moat.

Looking ahead, Aoyou said that the company will adhere to the strategic development direction without wavering, be consumer-centered, and make its core business and brand bigger and stronger; give full play to the advantages of the entire nutritional product industry chain to create star strains; adhere to the global market strategy and accelerate the pace of international market expansion; continue to deepen the implementation of the "Aoyou Business Concept" and promote business and organizational evolution.