Changes in Hong Kong stocks | Youran Animal Husbandry (09858) rose more than 7% in the afternoon, and the stock price hit a new high in the new year. Institutions are optimistic about the major animal husbandry cycle

The Zhitong Finance App learned that Youran Animal Husbandry (09858) rose by more than 7%, hitting a new high of HK$4.91 in the intraday period. As of press release, it rose 7.73% to HK$4.88, with a turnover of HK$153 million.

According to the news, the Guojin Securities Research Report pointed out that the price of loose milk has recently rebounded to around 3 yuan/kg. The higher price of loose milk has slowed the rate of elimination of the industry, but against the backdrop of high financial pressure and continued losses in the industry, the industry's production capacity is expected to continue to decline. The bank expects the price of raw milk to rise steadily next year with the gradual transfer of supply-side production capacity; in terms of beef cattle, the prices of calves and live cows have risen recently, and it is expected that a new beef cattle cycle is expected to begin. The sector's prosperity is expected to rise steadily, and emphasis is placed on the resonance of meat and milk.

According to public information, Youran Animal Husbandry is the largest supplier of raw milk in China. It currently has 100 ranches, raises about 620,000 cows, and produces about 3.74 million tons of raw milk in 2024, accounting for 12.1% of the country's total output. The company has a leading position in the upstream industry and is the largest ruminant feed provider in China. Its subsidiary Secco Star is the largest dairy breeding enterprise in China. In the first half of this year, the average feed cost of the company's raw milk was 1.91 yuan/kg, and the yield of adult cows reached 12.9 tons, which is the leading level in the industry.