Cash EBITDA of 3.85 billion yuan increased 7.3% year over year
On March 27, Youran Animal Husbandry (09858) released its 2023 annual report, with current revenue of 18.69 billion yuan, an increase of 3.6% over the previous year. Excluding the impact of changes in the fair value of biological assets, the profit for the period was 2.16 billion yuan, an increase of 6.8% over the previous year. Cash EBITDA was 3.85 billion yuan, up 7.3% year over year. Net cash flow from operating activities was 4.39 billion yuan, up 72.3% year on year. In 2023, the annual yield of Youran Animal Husbandry Cows (excluding Juanshan Cows) increased by 5.3% year-on-year. In 2023, the cost of kilogram milk feed in Youran Animal Husbandry decreased by 0.03 yuan year-on-year, and the gross margin of the systematic ruminant farming solutions business increased by 2.1 percentage points to 13.4%.