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Mengniu Dairy: The revenue in the first half of the year was 44.67 billion yuan, a year-on-year decrease of 12.6%.
On August 28th, Jin10 Data reported that China Mengniu Dairy (02319.HK) announced on the Hong Kong Stock Exchange that in the first half of the year, due to the prominent contradiction between supply and demand in the dairy industry and lower-than-expected consumer demand, the group achieved revenue of RMB 44.67 billion, a year-on-year decrease of 12.6%; the gross profit margin increased by 1.9 percentage points year-on-year to 40.3%. The net profit attributable to equity shareholders was RMB 2.4458 billion.