China Mengniu Dairy Co ( (HK:2319) ) has provided an update.
China Mengniu Dairy Co reported a 10.1% decrease in revenue for 2024, attributed to an imbalance in supply and demand and lower consumer demand. Despite this, the company increased its gross profit margin and operating profit margin through strategic initiatives like channel optimization and new business development. The company faced challenges with impairment losses from its subsidiary Bellamy’s and associates, but maintained stable cash inflow. Mengniu is committed to shareholder returns, proposing a higher dividend payout ratio and a focus on sustainability initiatives, including a ‘GREEN’ strategy and a ‘1+N’ Sustainability Report Disclosure System.
More about China Mengniu Dairy Co
China Mengniu Dairy Co is a leading company in the dairy industry, primarily engaged in the production and distribution of dairy products. The company focuses on research and development, brand innovation, and digital transformation to enhance its market position.
YTD Price Performance: -9.30%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.28B
See more data about 2319 stock on TipRanks’ Stock Analysis page.