China Mengniu Dairy Co., Ltd Company Profile
ThyssenKrupp AG
Food Industry
- Type
Public
- Headquarters
China
- Establishment
2004
- Key Management
Mr. Min Fang Lu (CEO)
- Revenue
13,038.1(2021)
- Headcount
~41,031
- Website
Business Description
China Mengniu Dairy Co., Ltd., an investment holding company, distributes and produces dairy products. It operates in the following segments: Ice Cream Products and Liquid Milk Products, Milk Powder Products, and Others. The Liquid Milk Products segment produces ultra-high-temperature beverages, milk, and yogurt and distributes them. The Ice Cream Products segment sells its products under the Ice+, Suibian, Mood for green, and Deluxe brands. The Milk Powder Products segment contains infant formula brands such as Ruipuen Oshi Series, Yashily Super a Golden, Milex and Meimengyi, and Yashili Golden Amberys. Other products include plant-based nutrition and cheese products.
Key Financials
Revenue (US$ Mn):
- US$ 13,038 Mn was the annual revenue generated by China Mengniu Dairy Co., Ltd. in 2021
- China Mengniu Dairy Co., Ltd.’s annual revenue for 2020 was US$ 11,247 Mn, a -3.79% decrease from 2019
- From 2018’s annual revenues, China Mengniu Dairy Co., Ltd. registered an 8.47% increase in 2019, amounting to US$ 11,690 Mn
- Total revenue of US$ 10,777 Mn was generated in 2018 by China Mengniu Dairy Co., Ltd.
Operating Income (US$ Mn):
- China Mengniu Dairy Co., Ltd.’s operating income for 2021 was US$ 1,180 Mn, a 38.04% increase from 2020
- The operating income generated by China Mengniu Dairy Co., Ltd. in 2020 was US$ 855 Mn
- At an 89.17% increase from , China Mengniu Dairy Co., Ltd.’s operating income of US$ 1,095 Mn was indexed in 2019
- China Mengniu Dairy Co., Ltd. generated an operating income of US$ 579 Mn in 2018
Net Income (US$ Mn):
- US$ 594 Mn was the net income generated by China Mengniu Dairy Co., Ltd. in 2021
- China Mengniu Dairy Co., Ltd.’s net income for 2020 was US$ 511 Mn, a 1.79% increase from 2019
- From 2018’s net incomes, China Mengniu Dairy Co., Ltd. registered a 5.6% increase in 2019, amounting to US$ 502 Mn
- A net income of US$ 475 Mn was generated in 2018 by China Mengniu Dairy Co., Ltd.
Operating Margin %:
- China Mengniu Dairy Co., Ltd.’s operating margin for 2021 was 9%, a 19.74% increase from 2020
- The operating margin generated by China Mengniu Dairy Co., Ltd. in 2020 was 8%
- At a 74.07% increase from , China Mengniu Dairy Co., Ltd.’s operating margin of 9% was indexed in 2019
- China Mengniu Dairy Co., Ltd. generated an operating margin of 5% in 2018
Gross Margin %:
- 37% was the gross margin generated by China Mengniu Dairy Co., Ltd. in 2021
- China Mengniu Dairy Co., Ltd.’s gross margin for 2020 was 38%, a 0.27% increase from 2019
- From 2018’s gross margins, China Mengniu Dairy Co., Ltd. registered a 0.27% increase in 2019, amounting to 38%
- A gross margin of 37% was generated in 2018 by China Mengniu Dairy Co., Ltd.
SWOT Analysis
Strengths
Production Network
China Mengniu’s strong production network helps meet growing customer demand. The company has 38 production plants across 17 provinces in China, and one in New Zealand. China Mengniu manufactures UHT milk and milk beverages at its production plants with a capacity of 9.8 million tons. It also produces yogurts and ice cream in its production plants.
Two production plants in Helin Guangdong produce milk formula, while Zhengzhou and Helin’s plants make other plant-based products. China Mengniu manufactures ice creams at production plants in Gansu, Dangyang, Qingyuan, Ma’anshan, Jiaozuo, Tai’an, Tianjin, Beijing, Shenyang, Xinjiang, and Helin. The entire product line is produced at the company’s Helin manufacturing plant.
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