China Mengniu Dairy Company Limited (HKG:2319)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Liquid Milk Business	65.87B	73.90B	83.20B	79.26B	77.06B
Liquid Milk Business Growth	-10.87%	-11.17%	4.97%	2.85%	12.66%
Ice Cream Business	5.43B	5.23B	6.08B	5.70B	4.29B
Ice Cream Business Growth	3.90%	-14.03%	6.65%	33.05%	58.54%
Milk Formula Business	3.76B	3.37B	3.83B	4.02B	4.96B
Milk Formula Business Growth	11.60%	-11.97%	-4.73%	-19.08%	8.15%
Cheese Business	5.29B	4.33B	4.38B	1.32B	-
Cheese Business Growth	22.33%	-1.22%	231.50%	-	-
Others	3.31B	3.00B	2.99B	4.45B	3.87B
Others Growth	10.19%	0.46%	-32.92%	15.18%	101.10%
Elimination of Intersegment	-1.41B	-1.15B	-1.85B	-2.16B	-2.03B
Total	82.24B	88.67B	98.62B	92.59B	88.14B
Total Growth	-7.25%	-10.09%	6.51%	5.05%	15.92%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
The Chinese Mainland	77.70B	83.96B	94.34B	88.00B	85.07B
The Chinese Mainland Growth	-7.46%	-11.00%	7.20%	3.44%	14.64%
Overseas	4.55B	4.72B	4.29B	4.60B	3.07B
Overseas Growth	-3.53%	9.98%	-6.68%	49.52%	68.01%
Total	82.24B	88.67B	98.62B	92.59B	88.14B
Total Growth	-7.25%	-10.09%	6.51%	5.05%	15.92%

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jun 15, 2026

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