China Mengniu Dairy Company Limited

China Mengniu Dairy Company Limited

23.12
USD
-0.10
(-0.43%)
7.47BMarket Cap
Mar 31Next Earn
China Mengniu Dairy Company Limited
OTC:CIADY
(OTC Markets)

Recent

price

23.12

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
87.13
106.81
101.86
120.15
128.89
126.11
138.44
154.5
176.74
202.04
193.58
223.54
234.43
250.27
225.92
210.75
- -
Revenue per Share
3.56
4.54
3.69
4.52
6.05
6.09
-1.93
5.26
7.8
10.5
8.97
12.75
13.43
12.2
0.27
3.96
- -
Basic EPS, GAAP
6.37
0.36
-0.77
2.18
0.69
-2.52
3.8
8.61
8.24
5.08
2.38
3.36
8.28
10.69
12.37
16.14
- -
Free Cash Flow per Basic Share
0.71
0.8
0.99
0.8
1.01
1.51
1.42
0.89
1.24
1.81
1.8
2.72
3.81
4.03
4.9
5.1
- -
Dividend per Share
28.08
32.46
35.33
41.87
54.88
56.43
53.13
57.58
64.22
74.06
83.57
93.19
101.42
112.83
106.17
104.65
104.65
Book Value per Share
24.75
30.47
33.33
21.95
35.83
37.11
36.27
40.44
46.44
39.84
48.29
57.18
43.92
54.06
60.37
58.55
58.55
Tangible Book Value per Share
347
350
353
361
388
389
388
389
390
391
393
394
395
394
393
390
387
Basic Weighted Avg Shares
30,265
37,388
36,000
43,357
50,049
49,027
53,779
60,156
68,977
79,030
76,035
88,141
92,593
98,624
88,675
82,245
- -
Sales/Revenue/Turnover
4.81
4.57
4.29
3.99
5.59
5.34
3.21
5.94
5.6
6.06
5.06
5.89
6.39
6.82
8.67
8.37
- -
Operating Margin (%)
698
864
995
1,218
1,342
1,444
1,602
1,704
1,838
2,260
2,137
2,396
2,878
3,301
3,407
3,325
- -
Depreciation Expense
1,237
1,589
1,303
1,631
2,351
2,367
-751
2,048
3,043
4,105
3,525
5,026
5,303
4,809
105
1,545
- -
Net Income, GAAP
11.84
13.4
14.16
16.63
14.58
16.83
- -
22.64
16.85
23.36
15.72
15.41
20.26
22.58
77.52
44.17
- -
Effective Tax Rate (%)
4.09
4.25
3.62
3.76
4.7
4.83
-1.4
3.4
4.41
5.19
4.64
5.7
5.73
4.88
0.12
1.88
- -
Profit Margin (%)
3,426
3,273
2,990
-1,742
5,981
6,444
4,535
3,451
4,632
5,752
5,362
1,948
3,624
1,534
-1,239
141
141
Working Capital
570
- -
- -
3,236
5,464
4,970
5,542
6,015
8,192
9,635
14,020
22,767
30,014
27,604
17,976
11,515
11,515
LT Debt
10,218
12,049
13,121
18,011
24,493
26,615
25,504
27,107
30,464
33,347
37,248
41,999
50,052
50,652
48,025
47,182
47,182
Total Equity
12.09
13.58
10.44
7.07
7.06
6.23
- -
6.61
7.35
7.75
5.39
5.38
4.95
5.23
0.49
2.91
- -
Return on Invested Capital (%)
10.94
12.03
8.72
6.99
7.13
6.85
- -
6.26
7.73
8.62
7.13
9.13
7.99
6.71
0.37
2.59
- -
Return on Capital (%)
13.5
14.97
10.88
11.71
12.76
10.85
-3.5
9.43
12.73
15.11
11.35
14.4
13.79
11.39
0.24
3.77
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
16,662
17,997
13,874
LT Borrowings
17,976
11,706
11,515
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
391
390
387
Market Capitalization
63,550
57,424
52,269

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
35,768
34,996
34,768
Cash, Cash Equivalents & STI
25,478
24,525
24,743
Accounts Receivable, Net
3,218
3,275
2,879
Inventories
4,937
4,706
4,799
Total Current Liabilities
37,007
37,131
34,627
Payables & Accruals
- -
- -
- -
ST Debt
16,662
17,997
13,874
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.18%
5.24%
-1.76%
Free Cash Flow
4.41%
52.51%
29.66%
Net Income, GAAP
88.47%
263.93%
1,378.7%
Sales/Revenue/Turnover
5.71%
2.03%
-7.25%
Total Cash Common Dividend
16.57%
24.46%
3.47%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
98,624
2024
- -
- -
88,675
2025
- -
- -
82,245

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
12.2
2024
- -
- -
0.27
2025
- -
- -
3.96

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4.03
2024
- -
- -
4.9
2025
- -
- -
5.1
Business
China Mengniu Dairy Company Limited (2319.HK) is a leading dairy company in China that manufactures, distributes and sells a broad portfolio of dairy products including liquid milk, ice cream, milk powder, cheese and other categories; its well-recognized brands encompass Milk Deluxe and Just Yoghurt for UHT milk, Guanyiru and Yoyi C for chilled yogurt, Shiny Meadow for fresh milk, Deluxe for ice cream, Reeborne and Bellamy’s Organic for milk powder, and Aishichenxi and Milkground for cheese. The company holds leading market shares in high-end pure milk, chilled yogurt, high-end fresh milk and cheese segments, primarily serving consumers in China as well as Southeast Asia, Oceania and North America through over 45 production bases in China and additional facilities in Indonesia, Australia, the Philippines and New Zealand. Founded in 1999 and headquartered in Hohhot, Inner Mongolia, with corporate offices in Hong Kong, Mengniu operates as an investment holding company listed on the Hong Kong Stock Exchange since 2004 and counts COFCO Corporation as its largest strategic shareholder. In recent developments, Mengniu unveiled its "One Core, Two Wings" growth strategy in March 2025, emphasizing optimization of core dairy categories alongside expansion into new growth areas such as plant-based nutrition and B2B channels. The company launched over 100 new products in the first half of 2025, including Shiny Meadow children's care nutrition milk with HMO technology, Milk Deluxe Desert Organic Pure Milk, Champion probiotic yogurt, Reeborne Affinity infant formula with enhanced DHA, Milkground Mini Cheese Triangles and Cloud Cheese Mousse, and ice cream innovations like Suibian Random Spin. Milkground completed the integration of Mengniu Cheese's equity in 2024, bolstering its cheese leadership, while Synaura Biotechnology secured nearly RMB100 million in Pre-A financing and achieved FDA GRAS status for additional HMOs; strategic partnerships expanded with Yum China, KFC, JD.com (targeting RMB30 billion cooperation), Daka (Mixue subsidiary), and international entities like Bel Group for sustainability and Wageningen University for R&D. Overseas, Mengniu reported an 18% revenue spike and eyes further expansion into Africa, supported by assets like Burra Foods and Bellamy’s in Australia. In 2025 interim results, revenue reached RMB41.57 billion with operating profit up 13.4% to RMB3.54 billion, alongside a new share buyback program complementing the prior HK$2 billion initiative.

Company News

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