The company owns approximately 35,000 cows and partners with farmers with an additional 14,000 cows as at 30 June 2016. CDC's cows have an average annual milk yield of 8.6 tonnes per milkable cow and its partner's cows have an average milk yield of 8.1 tonnes per milkable cow.
CDC and its farmers exclusively use Holstein cows, due to their high milk production capacity.
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About China Dairy Corp Ltd
China Dairy Corporation Limited (ASX:CDC) is a company primarily engaged in the production and wholesale of raw milk and the rearing, breeding and sale of dairy cows in Heilongjiang province, China.
CDC generates revenue through two primary business models:
- the sale of raw milk from cows that are owned by the company; and
- milk sale commissions on the sale of raw milk from cows the company has sold to farmers.
As at 31 December 2016, CDC owned 31,877 cows and partnered with farmers with an additional 21,617 cows from which CDC makes a sales commission on the milk sold.
China Dairy Corp Ltd