China Mengniu Dairy Company Limited

2319.HK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

11,528

Cost of Revenue

6,966

Gross Profit

4,562

Gross Margin

39.6%

Operating Income

999

Operating Margin

8.7%

Net Income

Net Margin

0.1%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

764

EBITDA Margin

6.6%

2023

12/31/2023

Revenue

12,821

Cost of Revenue

8,058

Gross Profit

4,763

Gross Margin

37.2%

Operating Income

875

Operating Margin

6.8%

Net Income

625

Net Margin

4.9%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,454

EBITDA Margin

11.3%

2022

12/31/2022

Revenue

12,037

Cost of Revenue

7,787

Gross Profit

4,250

Gross Margin

35.3%

Operating Income

646

Operating Margin

5.4%

Net Income

689

Net Margin

5.7%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,366

EBITDA Margin

11.3%

2021

12/31/2021

Revenue

11,458

Cost of Revenue

7,248

Gross Profit

4,211

Gross Margin

36.7%

Operating Income

603

Operating Margin

5.3%

Net Income

653

Net Margin

5.7%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,171

EBITDA Margin

10.2%

2020

12/31/2020

Revenue

9,885

Cost of Revenue

6,163

Gross Profit

3,722

Gross Margin

37.7%

Operating Income

440

Operating Margin

4.5%

Net Income

458

Net Margin

4.6%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

892

EBITDA Margin

9.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	11,528	12,821	12,037	11,458	9,885
Cost of Revenue	6,966	8,058	7,787	7,248	6,163
Gross Profit	4,562	4,763	4,250	4,211	3,722
Gross Margin	39.6%	37.2%	35.3%	36.7%	37.7%
Operating Income	999	875	646	603	440
Operating Margin	8.7%	6.8%	5.4%	5.3%	4.5%
Net Income	14	625	689	653	458
Net Margin	0.1%	4.9%	5.7%	5.7%	4.6%
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00
EBITDA	764	1,454	1,366	1,171	892
EBITDA Margin	6.6%	11.3%	11.3%	10.2%	9.0%