Revenue by Product

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Liquid Milk	5.79B
Liquid Milk Growth	20.35%
Milk Powder and Dairy Products	1.76B
Milk Powder and Dairy Products Growth	60.97%
Ice Cream	1.65B
Ice Cream Growth	15.99%
E-commerce	941.78M
E-commerce Growth	-10.15%
Animal Husbandry	798.16M
Animal Husbandry Growth	-67.21%
Milk Delivery	548.45M
Milk Delivery Growth	-1.46%
Other Business	167.66M
Other Business Growth	33.13%
Overseas	156.50M
Overseas Growth	-59.90%
Headquarters and Others	35.38M
Headquarters and Others Growth	882.36%
Other	-4.01B
Other Growth	3.19%

Revenue by Geography

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
China	11.53B
China Growth	1.36%
Overseas	156.50M
Overseas Growth	-59.90%
Inter-segment Elimination	-4.01B
Inter-segment Elimination Growth	3.19%