-- a2 Milk Co.（NZE:ATM，ASX:A2M）週一向紐西蘭和澳洲證券交易所提交的文件顯示，其在中國的嬰幼兒配方奶粉業務正面臨“暫時的市場產品供應問題”，這可能會影響公司2026財年的業績，並導致公司下調業績預期。 文件指出，問題主要源自於經銷商和零售商處中國標籤嬰幼兒配方奶粉產品的短缺，原因包括國際競爭對手召回產品導致市場對公司進口產品的需求強勁。 同時，中東衝突直接影響了運往中國的空運產品供應和成本，並且由於Synlait（NZE:SML，ASX:SM1）工廠先前的生產挑戰，本財年迄今為止庫存水準一直較低，目前該工廠仍存在「大量未完成的訂單積壓」。 此外，根據提交的文件，與強化蠟樣芽孢桿菌毒素檢測相關的新標準正在延長品質保證放行時間，而業界更高的檢驗和抽樣率也在延長產品放行時間。 a2 Milk表示，這些因素將對第四財季（主要在4月和5月）中國標籤嬰幼兒配方奶粉的供應產生重大影響。該公司目前預計2026財年營收成長將處於兩位數低至中段水平，而此前預計為兩位數中段。其息稅折舊攤提前利潤率預計約為14%至15%，而此前為16%。 該公司也預計，由於市場利率下降和淨交易現金流出，2026財年的利息收入將減少。 其紐西蘭股票在最近的周一交易中下跌了13%。
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