China Mengniu Dairy Co Ltd

02319: XHKG (HKG)

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Mengniu Earnings: Liquid Milk Segment Remains Key Drag; Fair Value Estimate Cut by 6% to HKD 20.50

Jacky Tsang

Aug 28, 2025

China Mengniu Dairy reported first-half 2025 results, with sales falling 7% year on year. Operating profit rose by 13% due to lower raw milk prices and operating cost controls. However, net profit declined by 16% due to impairments in raw milk and losses from upstream dairy subsidiaries.

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China Mengniu Dairy Co Ltd

Mengniu Earnings: Liquid Milk Segment Remains Key Drag; Fair Value Estimate Cut by 6% to HKD 20.50

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