Ausnutria has recently announced positive profit alert for 1H of FY2019. Revenue
increased by 21.9%y.o.y. and is mainly driven by the increase of 45.3% of its ownbranded
goat formula milk powder products. The percentage share of this business to
revenue increased from 35.2% to 44.9% y.o.y. The own-branded goat formula milk
powder also increased by 20.7%. The adjusted net profit increased by 63.8% y.o.y.
Ausnutria ranked the ninth in infant milk formula market in China during 2018, with a
market share of 3.9%. But it ranked the first in the imported goat milk formula with a
market share up to 62.5%. The management team`s target is to be among the top five
players in China`s overall infant milk market in the next three to five years.