Report
Allen Cheng
EUR 147.86 For Business Accounts Only

Mengniu is eager to rebuild its brand and capitalise on China’s robust dairy product demand.

China Mengniu Dairy, or Mengniu, reported a mixed 2016 interim result: Revenue slightly beat our estimates and net profit fell short of our expectations. Despite unfavorable operating environment, sluggish economy growth, oversupply of milk sources, and intensifying competition from imported dairy products, Mengniu delivered better-than-industry-average sales growth of 6.6% year over year, owing to robust demand for yogurt and premium UHT milk products. However, net profit plummeted 19.5% year o...
Underlying
China Mengniu Dairy Co. Ltd.

China Mengniu Dairy is an investment holding company. Through its subsidiaries, Co. is engaged in the manufacturing and distribution of dairy products including liquid milk products (such as ultra-high temperature (UHT) milk, milk beverages and yogurt), ice cream, milk formula and other products (such as cheese) in China. Co.'s core brand is MENGNIU. Co.'s segments include liquid milk products, which manufactures and distributes UHT milk, milk beverages and yogurt; ice cream products, which manufactures and distributes ice cream; milk powder, which manufactures and distributes milk powder; and other products, which includes Co.'s cheese, plant-based nutrition product and trading business.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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We have operations in 27 countries.

Analysts
Allen Cheng

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