- 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.