---
title: "YST DAIRY has entered into a raw milk supply agreement with its controlling shareholder"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/259433820.md"
description: "YST DAIRY has signed an agreement with its controlling shareholder China Feihe to supply raw milk between 2026 and 2028, with annual sales caps of 3.1 billion yuan, 3.4 billion yuan, and 3.7 billion yuan, accounting for 96% of total revenue. The price of raw milk will not be lower than the price charged to the group's independent third-party customers. Feihe Dairy has been the group's largest customer since 2017, and as its business grows, the demand for raw milk is also increasing"
datetime: "2025-09-30T01:31:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259433820.md)
  - [en](https://longbridge.com/en/news/259433820.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259433820.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/259433820.md) | [English](https://longbridge.com/en/news/259433820.md)


# YST DAIRY has entered into a raw milk supply agreement with its controlling shareholder

YST DAIRY (01431.HK) announced that it has entered into an agreement with its controlling shareholder China Feihe to supply raw milk from 2026 to 2028, with proposed annual sales caps of RMB 3.1 billion (the same below), RMB 3.4 billion, and RMB 3.7 billion, accounting for 96% of total revenue; the price of the raw milk to be supplied will not be lower than the prices offered to the group's independent third-party customers.

The company stated that Feihe Dairy has been the group's largest customer for nine consecutive years since 2017. With the growth of Feihe Dairy's business in recent years, its demand for raw milk and other raw materials has also increased

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