The A2 Milk Company, founded in New Zealand, said that news of Chinese birth rates falling to their lowest-ever level affected its share price.
A2’s share price on the Australian Securities Exchange (ASX) closed 11.2 per cent lower than its opening price on Monday, January 19, shortly after the news from China was announced.
Responding to a price query on the ASX, A2 said it was not aware of “any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities”.
Asked for another explanation of its recent trading performance, A2 said that on January 19, the China National Bureau of Statistics announced that the number of newborns in China last year fell 17 per cent to 7.92 million.
One of A2’s largest revenue streams is its infant milk formula, which it exports to China. In the financial year 2025, it made NZ$1.2 billion (A$1.04 billion) in revenue from infant formula sales in China and Asia.
