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2319.HK HKEX Food Processing

China Mengniu Dairy Co Ltd

HK$16,70
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About

China Mengniu Dairy Co Ltd is a leading dairy and beverage company in China, primarily generating revenue through the production, packaging, and distribution of dairy products, including milk, yogurt, and flavored milk.

Business. China Mengniu Dairy Co Ltd (2319.HK) is a food processing company operating within the Consumer Non-Cyclicals sector. The firm generates revenue through the sale of food and beverage products. It is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.

Classification92 %
SectorConsumer Non-Cyclicals
Business sectorFood & Beverages
IndustryFood Processing
Generated · model-assisted
Sell-side consensus
BUY27 analysts
25 buy2 hold0 sell
Avg 12m price target21,78

Analyst recommendations

27 analysts · consensus Buy
Buy25
Hold2
Sell0
12-month price target
21,78
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
27 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2319.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples · THIS SECTOR−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2319.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    China Mengniu Dairy Co Ltd (2319.HK) is a food processing company operating within the Consumer Non-Cyclicals sector. The firm generates revenue through the sale of food and beverage products. It is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorConsumer Non-Cyclicals
    Business sectorFood & Beverages
    IndustryFood Processing
    AI synthesis
    GENERATED

    China Mengniu Dairy maintains a capital structure with no dilution risk, as shares outstanding remain unchanged between basic and diluted shares. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents.

    Profitability metrics are not available in the valuation snapshot, and no industry_config preferred metrics are provided for comparison. This limits the ability to assess returns or margins relative to the cohort median.

    The company's revenue is concentrated in disclosed segments, though specific geographic exposure and segment breakdowns are not provided in the available data. This limits visibility into geographic diversification and segment performance.

    Growth trajectory is not quantified in the outlook, as no numeric deltas or revenue history are provided. Analysts have issued a mean recommendation of 1.70, indicating a generally positive outlook, with 10 strong-buy and 15 buy ratings.

    Risk factors include the inability to assess liquidity risk, as no balance-sheet inputs are available. Dilution risk is currently low, with no dilution potential identified in the basic shares outstanding.

    Recent events include analyst estimates with a mean price target of 21.78 CNY and a median of 21.20 CNY, suggesting a range of expectations among analysts.

    Key takeaways
    • Analysts have a generally positive outlook, with a mean recommendation of 1.70 and 25 buy/strong-buy ratings.
    • No dilution risk is currently identified, as shares outstanding remain unchanged.
    • Liquidity risk could not be assessed due to missing balance-sheet data.
    • Growth trajectory and profitability metrics are not quantified in the available data.
    • Revenue concentration and geographic exposure are not disclosed in detail.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2026-03-25
    FY 2026 · Full-year highlights

    Revenue ¥82.24B, −7,2% YoY; Operating income +99,4% YoY.

    Revenue¥82.24B−7,2 % YoY
    Operating income¥3.84B+99,4 % YoY
    Net income¥1.55B+1 378,7 % YoY
    Free cash flow¥503.6M+128,5 % YoY
    EPS
    Operating cash flow¥8.75B+5,0 % YoY
    Financials
    Income statement
    Revenue¥82.24B
    Gross profit¥32.81B
    Operating income¥3.84B
    Net income¥1.55B
    Margins
    Gross margin39.9%
    Operating margin4.7%
    Net margin1.9%
    FCF margin0.6%
    Balance sheet
    Total assets¥96.58B
    Total liabilities¥56.06B
    Total equity¥40.52B
    Cash & equivalents
    Long-term debt¥25.39B
    Cash flow
    Operating cash flow¥8.75B
    CapEx-¥2.45B
    Free cash flow¥503.6M
    SBC
    P&L flow · revenue → net income
    Revenue ¥82.24BOperating costs ¥78.40BTax ¥2.30BNet income ¥1.55B
    Highlights
    • Revenue ¥82.24B, −7,2% YoY
    • Operating income +99,4% YoY
    • Net income +1 378,7% YoY
    • Free cash flow +128,5% YoY
    • Net margin 1.9%

    Valuation FY

    Market price
    HK$16,70
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    1,28
    Predicted surprise
    -0,00
    Beat probability
    45 %
    Analysts
    27
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    revision ratio 0,00 · as of 2026-05-19 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate1,28
    Revenueno estimateno estimate86,2B CNY
    Operating incomeno estimateno estimate6,8B CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution27 analysts
    Strong buy10
    Buy15
    Hold2
    Sell0
    Strong sell0
    12-month price targetHK$21,78 · Median HK$21,20
    Low HK$15,60High HK$28,87
    Operating income · consensus6,8B CNY
    EPS surprise
    −56,2 %
    reported vs consensus · miss
    Revenue surprise
    −4,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$15,60
    MeanHK$21,78
    MedianHK$21,20
    HighHK$28,87
    SpotHK$16,70
    +30.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    Source documents
    • China Mengniu Dairy Co Ltd Market data — financials · 2026-05-26
    • China Mengniu Dairy Co Ltd Market data — analyst estimates · 2026-05-26
    • China Mengniu Dairy Co Ltd Market data — ESG · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    Hang Seng

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2319.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-03-25 20:23 UTCEARNINGSAnnual results — FY 2026 Revenue CNY 82.24B · Net CNY 1.55B
    2025-03-26 19:35 UTCEARNINGSAnnual results — FY 2025 Revenue CNY 88.67B · Net CNY 104.5M
    2024-03-26 19:17 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 98.62B · Net CNY 4.81B
    2023-03-29 20:10 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 92.59B · Net CNY 5.30B
    2022-03-30 20:18 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 88.14B · Net CNY 5.03B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage