The Australian and Asia Group announced that the net profit attributable to owners of the parent company is expected to be between RMB 90 million and RMB 130 million in the first half of 2026, turning a loss into a profit over the previous year. The main reason for the loss was reduced due to improved operating efficiency in farming operations and an increase in the average sales price of beef cattle, as well as changes in the fair value of other biological assets reduced sales costs. The estimated revaluation loss during the reporting period ranged from about RMB 60 million to RMB 110 million, compared to about RMB 462 million in the same period last year. The decrease was mainly due to a decrease in feed costs per kilogram of raw milk and an increase in the selling price of eliminated cows.

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