Lu Jianjun, vice president of the Chinese dairy company Mengniu, told local media that though the price of raw milk continues to grow, the company's gross margin will also increase year over year.

Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors.

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.

Chinese dairy giant Mengniu has announced that it has acquired a 51% stake in Junlebao, its competitor in the North China market, for CNY469.2 million.

Chinese goat milk producer Yayi International Inc. announced its financial results for the first quarter of fiscal 2011 ended June 30, 2010.

Chinese dairy maker Mengniu has published its annual financial report for 2009, stating that it gained net profit of CNY1.116 billion.