On August 24, Huangshi Group released a semi-annual report for the year 2021. According to the report, between January and June of 2021, Huangshi Group has earned revenue of about RMB 1.3 billion, which is an increase of 28.88% compared to the same period in 2020. The net profit attributable to shareholders of the listed company is approximately RMB 1.0 million, an increase of 1232% compared to the same period in 2020.
Huangshi Group is a dairy enterprise that mainly engages in dairy products and information services. The enterprise's main market is the dairy business with buffalo milk, fermented milk, and pasteurized milk, which accounts for 74.46% of its total income. Huangshi Group’s dairy business covers the entire industry chain from pasture planting to dairy farming, dairy research and development, production, and sales. The company’s main products are cold milk and room temperature milk, with Holstein milk and buffalo milk as raw materials.
In the first half of 2021, Huangshi Group’s dairy production and sales volume hit a new high since first listing, with a steady increase in general income. The revenue of cold milk and room temperature milk were approximately RMB 413 million and RMB 372 million, respectively, which is an increase of 28.90% and 69% compared to the same period last year.
Huangshi invests in ranch construction and expanded production
During the reporting period, in the dairy sector, Huangshi Group also focused on constructing and renovating several ranches. First, the company has recently constructed Yuanduan Ranch in Jianchuan county of Yunnan province, which integrates planting, breeding, and sightseeing. Additionally, the company has focused on its Guangxi Tiandong Ranch, which completed a first phase of renovations and will be completed and put into use at the end of the year. Furthermore, the company's Nanning Township Sightseeing Ranch recently completed renovation and the expansion of its milking shed. Finally, the company's Guizhou Dejiang Ranch is also proceeding with construction in accordance with the company's plan and is expected to complete construction during the second half of the year. While providing the company with high-quality milk sources, it is also expected to bring about growth of sales.
In addition to building ranches, the company has also focused on increasing its production capacity. The company's factory in Guangxi has added many production lines in order to expand production and to meet the needs of sales growth. Additionally, a new plant in Zunyi, Guizhou has entered the stage of equipment and facility commissioning, laying a solid foundation for large-scale trial production in the second half of the year. Finally, construction of the company's Yunnan Laisier Smart Factory is also progressing steadily, and it is expected that equipment commissioning for the factory will be completed by the end of the year.
Huangshi Group conducts research for additional production of buffalo products
An inspection group composed of Huangshi Group executives and industry experts completed a first commercial inspection of Pakistan, the country with the second greatest number of buffalo in the world, and the world's third largest milk producer.
In addition, Huangshi Group also reached a strategic partnership with the Buffalo Research Institute of the Chinese Academy of Agricultural Sciences for the transformation of technological achievements, and jointly established the corporation Huangshisaier Biotechnology (Guangxi) Co., Ltd. The aim of the corporation is to jointly promote the improvement of milk buffalo breeds in South China through biotechnology, and to promote the improvement of the economic efficiency of the milk buffalo industry. It is expected that in the second half of the year, a team from Huangshi Group's will visit Pakistan to implement a plan for the buffalo project.
For more information on China’s dairy market, please check our Dairy Products China News
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