Mengniu Dairy Industry: Revenue in the first half of the year decreased by 6.9% year-on-year.

Mengniu Dairy Industry announced in Hong Kong that in the first half of 2025, due to the phase of surplus supply of raw milk and slower than expected demand recovery, the supply and demand contradiction in the dairy industry still exists. The group achieved revenue of 41.5672 billion yuan, a year-on-year decrease of 6.9%; the gross profit margin increased by 1.4 percentage points to 41.7% year-on-year. Operating profit reached 3.5382 billion yuan, with an operating profit margin increasing by 1.5 percentage points to 8.5% year-on-year. Net profit attributable to equity shareholders was 2.0455 billion yuan.