date:Nov 25, 2013
2013, YST recorded an 18% year-over-year growth in revenues to CNY385.1m, while earnings declined 6.1% to CNY99.6m.
This IPO comes after Chinese dairy firm Liaoning Huishan Dairy gained approval from the Hong Kong Stock Exchange to raise $1bn through IPO, in an effort to increase the size of its cattle herd and boost production.
Last week, the Chinese government has announced its plans to relax its one-child policy, a move which would see a surge in demand for infant milk formula products.