The revenue of its own milk powder declined, and Australia Youyou's profit in the first half of 2022 decreased by 73.1%-84%annually

On July 4, Capital State learned that the Hong Kong stock listed company Aoyou (01717.HK) announced the profit trailer. It is expected that as of June 30, 2022, the company's equity holders will account for significant profits. reduce.

In the first half of 2022, the company's revenue was about RMB 3.35 billion to 3.5 billion yuan, a year -on -year decrease of 18.0%to 21.6%. Among them, the revenue of its own brand formula milk powder was about 1.08 billion yuan to 1.18 billion yuan, a year -on -year decrease of 42.5%to 47.4%.

The own brand formula of goat milk powder was about 1.58 billion yuan to 1.68 billion yuan, a year -on -year decrease of 0.5%to 6.4%. Other income was about 620 million yuan to 700 million yuan, an increase of 17.1%year -on -year to 32.2%.

In the first half of 2022, the company's equity holders accounted for about 95 million yuan to 160 million yuan, a year -on -year decrease of 73.1%to 84.0%. It is mainly due to the reduction of the income of its own milk powder.

Australia said that since its establishment, its own milk powder has recorded high -speed growth since its establishment, with a compound annual growth rate of 34.1%in the past five years. Among them, the compound annual growth rate of Hepnuokai's 1897 business unit has reached 61.7%in the past five years. Due to the decline in the birth rate of mainland China and strict epidemic prevention measures in some regions, the infant formula milk powder industry faced unprecedented challenges in the first half of 2022. According to AC Nielsen data, from January to April 2022, the overall sales level of the industry decreased by 4.4%year -on -year, and sales decreased by 6.2%year -on -year. The overall demand of the industry market was declining.

In order to reduce the pressure of distribution channel inventory and ensure the long -term healthy development and competitiveness of core products, the company has proactively proactively made a series of sales strategies for its own milk powder core brand Hepnuokai 1897 since the end of 2021. As one part of the adjustment process, further sort out the channels, borrow slowly to distribute its own milk powder to the distributors, and implement stricter control over the overall inventory level of the distribution channel. The company's active measures are superimposed with macro -environmental factors, resulting in sales at a decrease of less than 18.0%during the retrospective period.

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