Business Intelligence on Retailing, Franchising, and Consumerism in China


China's Mengniu Gained Net Profit Of CNY1.2 Billion In 2010

Chinese dairy company Mengniu has published its annual financial report for 2010, stating that it achieved operating revenue of CNY30.265 billion and its net profit reached CNY1.237 billion.

According to the report, its liquid milk sector contributed the most to its total sales and revenue from this sector was CNY26.872 billion, a year-on-year increase of 18.2%.

The report also showed that Mengniu's gross profit increased by 13.6% year-on-year to CNY7.786 billion. The company said it was mainly because its optimization of product portfolio and its enhance of high-end functional products. In addition, its precise control of costs offset the impact brought by the increase of cost of raw milk.

Mengniu revealed in the report that at present over 70% of its milk is from intensive pastures and it invested over CNY700 million in the constructions of milk resources.






Be the first to comment on "China's Mengniu Gained Net Profit Of CNY1.2 Billion In 2010"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco