Company Profile For China Mengniu Dairy Company Limited

China Mengniu Dairy Company Limited (2319.HK) (Hong Kong Stock)

sector: Non-Cyclical Consumer Goods & Services · industry: Food Processing ·

As of 24 Nov 2009

24.45HKD

Price Change

+0.05

Percent Change

+0.20%

Analyst Recommendations

Overview

China Mengniu Dairy Company Limited is an investment holding company. The Company, through its subsidiaries, is engaged in the manufacture and distribution of dairy products in the People’s Republic of China (PRC). The Company’s products include liquid milk products, such as ultra-high temperature milk (UHT) milk, milk beverages and yogurt, ice cream and milk powder. The Company has three business segments: liquid milk products segment, ice cream products segment and other dairy products segment. Liquid milk products segment is engaged in the manufacture and distribution of UHT milk, milk beverages and yogurt. Ice cream products segment manufactures and distributes ice cream. Other dairy products segment manufacture and distribute milk powder. On 5 September 2008, the Company acquired AustDairy Limited. Its subsidiaries include China Dairy Holdings, China Dairy (Mauritius) Limited, Inner Mongolia Mengniu Dairy (Group) Company Limited and Beijing Mengniu Dairy Co., Ltd.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, China Mengniu Dairy Company Limited's revenues decreased 12% to RMB12.10B. Net income increased 14% to RMB661.9M. Revenues reflect decreased income from liquid milk products, lower income from ice cream products and decreased Other dairy products. Net income reflects decreased cost of sales, a fall in selling & distribution costs and increased share of profit of associates.