Mengniu Dairy reports H1 2025 results, announces leadership changes

China Mengniu Dairy Company Limited reported RMB41,567.2 million in revenue for the first six months of 2025, a 6.9% year-on-year decrease, with profit attributable to owners falling 16.4% to RMB2,045.5 million. Despite the revenue decline, gross profit margin increased by 1.4 percentage points to 41.7%, driven by lower raw milk prices. The company's operating profit rose 13.4% to RMB3,538.2 million, achieving an operating profit margin of 8.5%.

The company also announced key leadership changes effective September 1, 2025. Wang Xi resigned as a non-executive director and Strategy and Development Committee member. Zhang Ping retired as vice president and CFO, succeeded by Shen Xinwen, who was appointed executive director, vice president, and CFO, and a member of the Strategy and Development Committee.

Mengniu repurchased 11,302,000 shares for HK$197.0 million during the reporting period, with 5,930,000 shares cancelled. The board affirmed its commitment to future share repurchases, with plans for a scale no less than that conducted in the previous 12 months, to enhance shareholder value.