Ausnutria Delivers Resilient Dual Growth in Revenue and Profit in 2024

HONG KONG, Apr 14, 2025 – Ausnutria Dairy Corporation Ltd (Stock Code: 1717.HK) announced its 2024 annual results on April 10. The company reported an operating revenue of around RMB7.402 billion in 2024, marking a 0.3% year-on-year growth, and a profit attributable to equity holders of the parent company of about RMB236 million, a 35.3% year-on-year increase. Ausnutria achieved solid growth in both revenue and profit, with its international business experiencing a notable 68.2% year-on-year growth, emerging as a key driver of new growth.

In 2024, Ausnutria focused on promoting its “milk powder + nutrition products” strategy and reinforcing its position as the leading goat milk powder brand globally. The company implemented various strategies such as enhancing innovation, expanding markets, improving efficiency, and strengthening its foundation to sustain its market share in the infant formula market. Despite the market contraction, Ausnutria managed to grow its revenue and profit significantly, outperforming industry expectations.

Breaking down the revenue, Ausnutria’s own brand milk powder segment generated approximately RMB5.806 billion in revenue, with the goat milk powder business contributing around RMB3.699 billion, a 12.7% year-on-year increase, and the cow milk powder business bringing in about RMB2.107 billion. The nutrition products segment saw revenue of roughly RMB305 million, up by 7.1% year-on-year.

Geographically, in 2024, Ausnutria’s PRC goat milk powder business earned around RMB3,053 million, a 5.3% year-on-year growth, while the international goat milk powder business saw revenue of about RMB647 million, marking a substantial 68.2% year-on-year growth. Notably, the Company’s own brand formula goat milk powder business accounted for 17.5% of the total revenue.

The Middle East displayed strong growth momentum in 2024, the CIS market experienced high double-digit growth, and Kabrita’s goat IMF made a significant impact in the U.S. market. Through a dual-track strategy focused on online promotion and offline channel expansion, Kabrita secured a top-selling position on the Amazon platform and was recognized as the “Best Goat Milk Baby Formula Product” in the U.S. With growing acceptance of goat milk by medical professionals and organizations, North America is poised to become a strategic growth region alongside the Middle East.