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China Mengniu Dairy Co 2319.HK · HKD

Consumer Staples · HKEX · 🇭🇰 Hong Kong

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21.38

-0.09%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥95.71bn

FY2016FY2025

Net income

CN¥1.80bn

FY2016FY2025

Free cash flow

CN¥7.33bn

FY2016FY2025

Shareholders' equity

CN¥47.17bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥95.71bnCN¥103.20bnCN¥114.78bnCN¥107.76bnCN¥102.58bnCN¥88.49bnCN¥91.97bnCN¥80.27bnCN¥70.01bnCN¥62.59bn
Gross profitCN¥37.64bnCN¥40.84bnCN¥42.64bnCN¥38.04bnCN¥37.69bnCN¥33.32bnCN¥34.54bnCN¥30.01bnCN¥24.65bnCN¥20.52bn
Research and developmentCN¥645.7mCN¥596.6mCN¥576.7mCN¥542.2mCN¥413.7mCN¥370.5mCN¥238.6mCN¥210.7mCN¥186.4mCN¥140.6m
Operating incomeCN¥6.13bnCN¥2.87bnCN¥7.83bnCN¥5.79bnCN¥5.40bnCN¥3.94bnCN¥4.08bnCN¥4.38bnCN¥4.35bnCN¥1.54bn
Net incomeCN¥1.80bnCN¥121.6mCN¥5.60bnCN¥6.17bnCN¥5.85bnCN¥4.10bnCN¥4.78bnCN¥3.54bnCN¥2.38bn−CN¥874.2m
Diluted earnings per share0.460.031.421.551.471.041.210.900.61-0.22

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥112.44bnCN¥123.70bnCN¥134.09bnCN¥137.11bnCN¥114.17bnCN¥93.27bnCN¥91.40bnCN¥77.34bnCN¥67.66bnCN¥57.17bn
Cash and short-term investmentsCN¥29.02bnCN¥29.65bnCN¥24.41bnCN¥22.80bnCN¥18.49bnCN¥22.29bnCN¥29.90bnCN¥22.25bnCN¥19.38bnCN¥11.95bn
Total liabilitiesCN¥57.51bnCN¥67.81bnCN¥75.14bnCN¥78.86bnCN¥65.29bnCN¥49.92bnCN¥52.59bnCN¥41.89bnCN¥36.11bnCN¥27.49bn
DebtCN¥25.39bnCN¥34.64bnCN¥37.41bnCN¥39.11bnCN¥27.03bnCN¥18.94bnCN¥23.47bnCN¥14.74bnCN¥13.98bnCN¥8.68bn
Shareholders' equityCN¥47.17bnCN¥48.37bnCN¥51.58bnCN¥46.67bnCN¥42.86bnCN¥38.38bnCN¥33.90bnCN¥29.34bnCN¥26.31bnCN¥24.26bn
Shares outstanding3,897m3,929m3,949m3,970m3,976m3,948m3,935m3,924m3,910m3,886m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥10.18bnCN¥9.70bnCN¥9.72bnCN¥9.70bnCN¥8.78bnCN¥6.22bnCN¥7.34bnCN¥7.41bnCN¥6.41bnCN¥5.25bn
Capital spending−CN¥2.85bn−CN¥4.04bn−CN¥4.81bn−CN¥5.89bn−CN¥7.24bn−CN¥5.14bn−CN¥5.64bn−CN¥4.03bn−CN¥2.79bn−CN¥3.80bn
Free cash flowCN¥7.33bnCN¥5.65bnCN¥4.90bnCN¥3.80bnCN¥1.54bnCN¥1.09bnCN¥1.70bnCN¥3.38bnCN¥3.61bnCN¥1.45bn
Dividends paid−CN¥2.32bn−CN¥2.24bn−CN¥1.85bn−CN¥1.75bn−CN¥1.25bn−CN¥822.4m−CN¥825.1m−CN¥561.9m−CN¥401.3m−CN¥643.2m

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Sept 2023Jun 2023
RevenueCN¥51.41bnCN¥47.34bnCN¥48.37bnCN¥51.21bnCN¥51.99bnCN¥55.29bnCN¥27.64bnCN¥59.49bn
Gross profitCN¥20.95bnCN¥17.70bnCN¥19.94bnCN¥20.31bnCN¥20.53bnCN¥19.45bnCN¥9.72bnCN¥22.82bn
Operating incomeCN¥4.04bnCN¥2.11bnCN¥4.02bnCN¥5.53bnCN¥3.41bnCN¥2.72bnCN¥1.42bnCN¥3.50bn
Net incomeCN¥2.72bn−CN¥582.1mCN¥2.38bn−CN¥2.72bnCN¥2.85bnCN¥2.08bnCN¥1.04bnCN¥3.52bn
Diluted earnings per share0.70-0.150.61-0.690.720.530.260.89
Cash from operations—CN¥7.89bnCN¥3.27bnCN¥7.46bnCN¥2.23bnCN¥5.70bnCN¥2.85bnCN¥4.01bn
Capital spending—−CN¥1.51bn−CN¥1.18bn−CN¥2.20bn−CN¥1.84bn−CN¥2.34bn−CN¥1.17bn−CN¥2.15bn
Free cash flow—CN¥6.38bnCN¥2.09bnCN¥5.26bnCN¥392.0mCN¥3.36bnCN¥1.68bnCN¥1.86bn
Total assetsCN¥118.26bnCN¥112.44bnCN¥116.13bnCN¥123.70bnCN¥135.84bnCN¥134.09bnCN¥134.09bnCN¥143.72bn
Cash and short-term investmentsCN¥30.36bnCN¥29.02bnCN¥28.54bnCN¥29.65bnCN¥28.96bnCN¥24.41bnCN¥15.90bnCN¥30.25bn
DebtCN¥23.72bnCN¥29.55bnCN¥34.57bnCN¥40.31bnCN¥48.37bnCN¥43.54bnCN¥11.13bnCN¥54.80bn
Shareholders' equityCN¥47.31bnCN¥47.17bnCN¥48.13bnCN¥48.37bnCN¥52.05bnCN¥51.58bnCN¥51.58bnCN¥48.78bn

Financial ratios

Data as of 15 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin39.3%39.6%37.2%35.3%36.7%37.7%
Operating margin6.4%2.8%6.8%5.4%5.3%4.5%
Net margin1.9%0.1%4.9%5.7%5.7%4.6%
Return on equity3.8%0.3%10.9%13.2%13.6%10.7%
Return on assets1.6%0.1%4.2%4.5%5.1%4.4%
Free cash flow yield16.0%16.7%17.6%18.8%19.3%13.8%
Revenue growth-7.3%-10.1%6.5%5.1%15.9%-3.8%
Earnings growth1378.7%-97.8%-9.3%5.5%42.6%-14.1%
Current ratio1.00x0.97x1.05x1.11x1.07x1.21x
Debt to equity0.63x0.83x0.84x0.95x0.73x0.57x
Equity ratio42.0%39.1%38.5%34.0%37.5%41.2%
Interest coverage5.43x1.68x4.29x4.42x6.25x5.92x
R&D as a share of sales0.7%0.6%0.5%0.5%0.4%0.4%
Buybacks as a share of market value0.8%0.5%0.5%0.1%-0.7%-0.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-3.9%1.6%5.3%
Operating income1.9%9.2%7.0%
Net income-33.7%-15.2%-4.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin39.5%37.8%37.6%36.7%
Operating margin4.5%5.4%5.2%5.1%
Net margin1.0%3.2%3.9%3.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings28.9—13.520.324.637.923.323.731.9-59.5
Price to sales0.50.60.71.21.41.81.21.11.10.8

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 9 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.520.5560.6070.4430.4490.3260.1970.206
  • 2-for-1 split · 13 Oct 2015

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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