Australia Asia Group (02425) announced results for the year ended December 31, 2023, with revenue of RMB 39.2...
According to the Zhitong Finance App, the Australian and Asian Group (02425) announced results for the year ended December 31, 2023, with revenue of RMB 3,924 billion (same unit), up 3.2% year on year; loss attributable to shareholders of 489 million yuan, while profit of 158 million yuan was achieved in the same period last year; loss per share was 0.7 yuan.
According to the announcement, the profit to loss was mainly due to losses of RMB 668 million due to the fair value of other biological assets minus changes in sales costs. Significant losses are mainly due to a decrease in the price of raw milk assumed when calculating the fair value of biological assets.