日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Companies

Mengniu shares leap 12% as interim sales rise

By WANG ZHUOQIONG in Beijing/YUAN HUI in Hohhot (China Daily) Updated: 2016-08-26 09:08

Mengniu shares leap 12% as interim sales rise

A China Mengniu Dairy Co employee collects milk from a Modern Farming Dairy Co truck for examination in Mengniu's plant in Ma'anshan, Anhui province. LONG WEI/FOR CHINA DAILY

China Mengniu Dairy Co posted first-half revenue up 6.6 percent to 27.26 billion yuan ($4.1 billion) on the previous year, beating market expectations and taking its share price up more than 10 percent on Thursday, but the company also reported that profit declined in the six months to June.

Benefiting from active brand promotion and marketing, the company reported in its interim results, released on Wednesday, that its gross profit margin increased by 1.8 percentage points year-on-year to 33.7 percent.

Mengniu's share price closed up about 12 percent on Thursday-the share's biggest daily gain since April 2009-to HK$14.58 ($1.88) after its first-half sales beat analyst estimates.

But the dairy's net profit declined by 19.5 percent to 1.07 billion yuan from 1.33 billion yuan last year, in a performance affected by its collaboration with Yashili International Holdings Ltd, low prices, weak sales of milk formula and intensifying competition.

Mengniu, which owns 25.41 percent shares of Modern Farming Dairy Co Ltd, the biggest milk supplier in China, was also affected by Modern Farming's loss of 566 million yuan for the six months to June, thanks to the decline in raw milk prices.

That result compared with a net profit of 477 million yuan for the same period last year.

Another raw milk producer, YuanShengTai Dairy Farm Ltd, posted a net loss for the period of 135.6 million yuan, compared with net profit of 10.9 million yuan for the same period last year.

Li Shengli, a professor at China Agriculture University, said dairy farms in China are under pressure with raw milk often priced higher than the market-averaged price.

Song Liang, a dairy industry analyst, said the high costs of large farms resulted from rising land prices, imported farming feed and disease prevention expenses.

Chinese companies in the dairy sector grew at a slower rate in 2015 than in previous years, affected by the depreciation of the yuan, according to the Rabobank Global Dairy Top 20 2016.

Earlier this year Yili Industrial Group Co reported full-year revenue to March of 60.3 billion yuan, up 5.9 billion yuan or 10.88 percent, on the same period a year earlier. Net profit was 4.63 billion yuan for the year, an increase of 11.76 percent.

High-end products now take up more than 40 percent of Yili's portfolio, boosted by the rising demand for quality dairy products, according to Yili.

Yili moved up two places on the list from its 2015 ranking.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 伊人网综合 | 日韩精品www | 欧美操操操 | 久久99深爱久久99精品 | 麻豆污视频 | 欧美日韩免费观看视频 | 国产一区高清 | 人人人人干 | 九一免费国产 | 夜夜夜夜猛噜噜噜噜噜 | 91短视频在线高清hd | a级粗大硬长爽猛视频免费 潘金莲强完整版 | 日本在线亚州精品视频在线 | 日韩中文字幕在线看 | 欧美污污网站 | 久热免费 | 国产婷婷| 一级毛片特级毛片免费的 | 特黄特色的免费大片看看 | 欧美一区二区三区精品 | 被玩坏了的女老师(高h np) | 日本不卡在线播放 | 精品96久久久久久中文字幕无 | 日韩精品免费在线视频 | 夜夜夜爽 | 欧美综合成人 | 国产亚洲欧洲国产综合一区 | 欧美日韩精品一区二区三区视频 | 久久月| 亚洲国产成人精彩精品 | 91精品国产777在线观看 | 国产精品一区二区三 | 欧美三级欧美一级 | 一级片在线免费观看视频 | 免费观看黄的小视频 | 黄色网址免费入口 | 国产在线精品区 | 伊人导航| 日本欧美久久久久免费播放网 | 欧美精品国产一区二区三区 | 三级国产短视频在线观看 |