Aumake's strategic agreement with Yangtze River Group

Aumake (ASX:AUK) has announced a substantial A$16 million binding purchase order from Yangtze River New Silk Road International Logistics (Hubei) Group Co., Ltd. This order comprises health supplements, dairy products, and beef. The deal marks a pivotal step in Aumake’s strategy to diversify into high-margin products and enhance its agricultural supply chain.

Aumake's path to growth and profitability

The A$16 million purchase order with Yangtze River Group is a key achievement for Aumake, reinforcing its strategic initiative to expand into high-margin product categories and solidify its supply chain. As trade relations between Australia and China improve, Aumake aims to leverage this trend, particularly during the high-demand period surrounding the Lunar New Year. With a focus on achieving profitability by FY25, Aumake is set to capitalize on opportunities created by China's position as Australia's largest trading partner. The company's operational readiness and strategic partnerships are designed to support its long-term growth and presence in the Chinese market.

Executive insights on Aumake's strategic direction

This order represents a critical milestone for Aumake as we continue to build our presence in the lucrative Chinese market and align our offerings with the rising demand for Australian products,' said Aumake's Managing Director. 'Our partnership with Yangtze River is a testament to the strong trust and alignment between our organizations,' added Yangtze River's General Manager.