AustAsia Group Ltd.(“we”) was established in 2009，is a limited liability company incorporated and domiciled in Singapore and was listed on the Main Board of HKEX on 30 December 2022. We have two main business segments, namely raw milk business and beef cattle business. In addition, we also sell milk products under our in-house brand “AustAsia澳亚牧场”. Our first feed mill has commenced its commercial operation in March 2023.
We have a well-diversified customer base in China, ranging from leading national and regional dairy product manufacturers to emerging dairy brands for the raw milk business, and from food service companies to premium beef processors for the beef cattle business. Our customers for milk products include large-scale cafes, milk tea stores, bakeries, and refreshment chains. Our feed mill will start to supply premix feed, flaked corn and pellets to our self-owned dairy farms and beef cattle feedlots first.
As of 31 Dec 2022, we had more than 117,900 heads of dairy cows and 29,600 heads of beef cattle. We produced approximately 759,700 tons of raw milk in 2022.
We are the first dairy farm operator in China to design, build and operate large-scale and standardised dairy farms with over 10,000 heads of dairy cows*.
The average milk yield per milkable cow is the key indicator of productivity and efficiency of dairy farms. We have been ranked No. 1 in China for eight consecutive years from 2015 to 2022*. In 2022, 2 of our dairy farms in Inner Mongolia outperformed and reached average milk yield per milkable cow of 14 tons/year.
*According to Frost & Sullivan