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Mengniu Dairy

CIADY
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  • Mengniu is still waiting for an industry turnaround: profitability slightly declines, asset clearance continues

    Wallstreetcn·
    - Mengniu Dairy's 2025 performance forecast shows a projected revenue decline of 7% to 8% compared to the previous year, aligning with past guidance. - The operating profit margin for 2025 is expected to be between 7.9% and 8.1%, slightly down from 8.2% in 2024, prompting the company to prepare a 2.2 to 2.4 billion yuan impairment provision for idle assets. - Despite industry challenges, Mengniu's liquid milk sales are rebounding, and the company is diversifying into B2B beverage supply chains while adopting a defensive strategy to conserve resources for a potential industry turnaround in 2026.
    CIADY+1.30%

  • When will Mengniu, with declining revenue and profits, be able to regain its lost ground?

    Wallstreetcn·
    - In the first half of 2025, Mengniu's revenue fell by 6.9% to 415.67 billion yuan, with net profit declining 16.4% to 20.46 billion yuan, largely due to losses from joint ventures. - Despite a 1.4% increase in gross margin driven by lower raw milk prices, the company faces significant challenges from market competition and structural imbalances in product categories. - Mengniu's management anticipates continued pressure on profits and revenue, adjusting their annual growth forecast to a decline in the mid to high single digits.
    CIADY+1.30%02319+0.47%
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