Southern Dairy: Capacity utilization above 90%, nearing full capacity; to expand into neighboring provinces
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Southern Dairy (920196.BJ), a Guizhou-based dairy company, held its online roadshow for a public stock offering on the Beijing Stock Exchange on September 24, hosted by Panorama Network. CFO Zhou Hongyan stated that the company's dairy product capacity utilization remains above 90%, nearing full capacity in some years. The company plans to meet growing provincial demand while gradually expanding into neighboring provincial markets. Financial data shows that from 2023 to 2025, revenue from outside Guizhou accounted for 3.61%, 4.03%, and 3.85% of total main business revenue, respectively. E-commerce revenue shares were 2.75%, 2.95%, and 3.65% over the same period. Zhou noted that initial entry into provincial markets results in lower sales volumes and gross margins, but expects margins to improve as market penetration deepens and sales scale increases.
Source report
September 24 — Southern Dairy (920196.BJ) successfully held its online roadshow for the public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange, hosted on Panorama Network.
Key Financial Highlights
Zhou Hongyan, Chief Financial Officer of Southern Dairy, stated that the company's dairy product capacity utilization remains high overall, consistently above 90%. In certain years, utilization approached 100%, indicating near-saturation of production capacity.
Market Expansion Strategy
The company plans to continue meeting the growing dairy consumption demand within its home province while gradually expanding into surrounding provincial markets.
Revenue Breakdown by Region and Channel
According to the company's financial reports:
| Period | Revenue from Outside Guizhou Province (% of Total) | E-commerce Revenue (% of Total) | |--------|-----------------------------------------------------|--------------------------------| | FY 2023 | 3.61% | 2.75% | | FY 2024 | 4.03% | 2.95% | | FY 2025 | 3.85% | 3.65% |
Zhou Hongyan further noted that as the company is in the early stages of entering markets outside its home province, sales volumes remain small and gross margins are relatively low. However, as market expansion deepens and sales scale increases, gross margins are expected to improve.
For more details on the roadshow, please visit: https://rs.p5w.net/html/178962557523324.shtml
(Source: Panorama Network)
Source
全景网Eastern
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