China Mengniu Dairy

China Mengniu Dairy reports a 7.8% revenue rise to CNY 45 billion in H1 2026 and a record operating profit of CNY 3.68 billion, driven by strong gains in fresh milk, cheese, infant formula and ice cream. Gross margin fell by 90 basis points to 40.8% and operating margin declined slightly, putting margin pressure that unsettled investors and weighed on the stock. Management expects continued momentum in the second half, focusing on product innovation, international expansion and further investment in technology and processing capacity. Risks remain intense competition in the liquid milk segment, supply constraints at Bellamy’s and potential cash-flow volatility. » More on de.investing.com

China Mengniu Dairy paid a dividend of 0.60 HKD per share for 2025 at the annual general meeting, up 7.14% year‑on‑year, totaling 2.16 billion HKD. The stock was quoted in Frankfurt at 1.69 EUR and is trading ex‑dividend; the dividend yield for 2025 is 4.01% (prior year 3.17%). Over the year the Frankfurt share price fell by 14.01%, while the actual return (price plus dividends) is reported as 190.59%. FactSet expects a slightly higher dividend of 0.61 CNY per share for 2026. » More on finanzen.net

Mengniu reported a 7.3% revenue decline for 2025 to RMB 82.2 billion, but delivered record cash generation with RMB 8.75 billion in operating cash flow and RMB 6.3 billion in free cash flow. EBITDA rose 42.6% to RMB 6.4 billion and gross margin reached a record 39.9%, despite adjusted profit falling 10.7% after impairments. Management is pursuing the "One Core, Two Wings" strategy to stabilise the liquid milk core business and expand high-growth segments such as cheese, infant formula and ice cream, along with digital and ESG initiatives. An expanded shareholder return framework for 2025–2027 was announced, including an increased dividend and continued share buybacks. » More on de.investing.com