Xinjiang dairy leader Tianrun Dairy held its 2026 interim results briefing on the afternoon of September 28. In the first half, the company posted revenue of 1.45 billion yuan, up 3.93 percent year on year, and net profit attributable to shareholders of 54.25 million yuan, returning to profit after two years. The turnaround partly relied on non-recurring income such as government subsidies. Excluding such items, first-half profit was 18.75 million yuan, down 67.56 percent year on year. Selling expenses rose 20.35 percent to 107 million yuan, far outpacing revenue growth and hitting a six-year high. The company has set a 3 billion yuan operating target for two consecutive years. Based on interim figures, first-half revenue completion was about 48 percent. Deputy Party Secretary, Director and General Manager Hu Gang told the International Finance News that the company will focus on four areas: deepening sales markets, improving the operating efficiency of its 200,000-tonne annual capacity smart factory, optimizing herd structure to lower per-kilogram milk costs, and accelerating new product development. Regionally, Xinjiang remains the core base. First-half revenue within Xinjiang was 810 million yuan, up 8.29 percent year on year, while revenue outside Xinjiang was 602 million yuan, down slightly by 0.82 percent. Management said new channels are still in an expansion phase and their contribution to revenue is growing steadily.
Xinjiang Tianrun Dairy Co LtdReturned to profit in H1 but profit excluding non-recurring items fell 67.56% and selling expenses hit a six-year high, outpacing revenue growth.
