China Mengniu Dairy Company Limited (HKEX:2319) Annual Report 2021



The latest annual report of China Mengniu Dairy Company Limited (2319) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 2319 Annual Results

Amounts in CNY

Total Revenue
88.14B
Gross Profit
32.21B
EBIT
4.25B
Net Tangible Assets
23.97B
Net Income
5.03B
Capital Expenditures
-6.1B

2319 Income Statement 2021 Annual Report

As per the latest Income Statement of 2319, the Net revenue increased by ¥12.106631B (16%) compared to the previous period. The operating income in 2021 increased by ¥2.120429B (99%). The net income as per the annual report was 5.03B which increased by ¥1.500493B (43%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue88.14B76.03B
Gross Profit32.21B28.53B
Operating Income4.25B2.13B
Income Before Tax5.87B4.15B
Net Income5.03B3.53B

Balance Sheet - 2319 2021 Annual Report

Read further: 2319 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of China Mengniu Dairy Company Limited showed the company reduced the cash on balance sheet by ¥-180.26M (-2%). The Net tangible assets of 2319 on the balance sheet were at 23.97B which is ¥3.586643B (18%) more than previous annual report. The total stockholder equity also increased by ¥3.843142B (12%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash11.22B11.4B
Total Assets98.1B 80.15B
Long Term Debt22.44B13.73B
Total Liabilities56.1B 42.9B
Total Shareholder Equity36.83B32.98B
Net Tangible Assets23.97B20.38B

Cash Flow Statement - 2319 2021 Annual Report

The 2021 annual cash flow statement of China Mengniu Dairy Company Limited showed that the net income increased by ¥1.500493B (43%) compared to previous reporting period. Also the capital expenditure of 2319 decreased by ¥-1.961838B (-47%).

As of 2021, the total cash from investing activities was -15.44B and total cash from financing activities was 6.77B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income5.03B3.53B
Capital Expenditures-6.1B-4.14B
Dividends Paid-1.07B-706.66M
Total Cash From From Investing Activities-15.44B4.82B
Total Cash From From Financing Activities6.77B-4.57B

China Mengniu Dairy Company Limited Annual Report History

Income Statement

Income Statement history of China Mengniu Dairy Company Limited (HKEX:2319)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue88.14B76.03B79.03B68.98B
Cost Of Revenue55.94B47.5B49.43B43.23B
Gross Profit32.21B28.53B29.6B25.75B
Research Development----
Selling General Administrative27.01B24.67B24.84B21.75B
Non Recurring----
Other Operating Expenses741.33M1.57B762.12M613.33M
Total Operating Expenses83.89B73.9B75.27B65.67B
Operating Income4.25B2.13B3.76B3.3B
Total Other Income Expense Net1.61B2.02B1.84B549.38M
Ebit4.25B2.13B3.76B3.3B
Interest Expense-743.07M-572.25M-628.51M-542.37M
Income Before Tax5.87B4.15B5.61B3.85B
Income Tax Expense904.51M653.19M1.31B649M
Minority Interest5.17B4.26B4.22B5.25B
Net Income From Continuing Ops4.96B3.5B4.3B3.2B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income5.03B3.53B4.11B3.04B
Net Income Applicable To Common Shares5.03B3.53B4.11B3.04B

Balance Sheet Statement

Balance Sheet Statement history of China Mengniu Dairy Company Limited (HKEX:2319)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash11.22B11.4B6.48B7.3B
Short Term Investments3.29B6.87B16.35B89.88M
Net Receivables7.34B5.02B7.65B6.43B
Inventory6.49B5.51B5.09B4.28B
Other Current Assets663.25M931.08M381M702.75M
Total Current Assets31.02B31.51B37.49B29.74B
Long Term Investments26.86B16.03B12.32B9.29B
Property Plant Equipment22.1B17.12B15.03B18.07B
Good Will4.86B4.88B4.72B4.68B
Intangible Assets8B7.72B7.58B3.42B
Other Assets5.27B2.88B1.39B1.25B
Deferred Long Term Asset Charges1.56B1.28B1.06B1.04B
Total Assets98.1B80.15B78.54B66.46B
Accounts Payable8.8B7.97B6.74B7.02B
Short Long Term Debt1.11B3.65M2.78B1.76B
Other Current Liab14.5B11.34B9.64B9.88B
Long Term Debt22.44B13.73B9.31B8.19B
Other Liab4.23B2.7B3.82B2.69B
Minority Interest5.17B4.26B4.22B5.25B
Total Current Liabilities29.07B26.14B31.73B25.11B
Total Liab56.1B42.9B45.19B35.99B
Common Stock359.77M359.36M358.26M357.6M
Retained Earnings28.62B23.59B20.07B16.02B
Treasury Stock-536.91M-156.32M-792.12M-1.14B
Capital Surplus8.39B9.19B9.5B9.98B
Other Stockholder Equity-536.91M-156.32M-792.12M-1.14B
Total Stockholder Equity36.83B32.98B29.13B25.21B
Net Tangible Assets23.97B20.38B16.83B17.11B

Cash Flow Statement

Cash Flow Statement history of China Mengniu Dairy Company Limited (HKEX:2319)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income5.03B3.53B4.11B3.04B
Depreciation2.33B2.07B2.18B1.78B
Change To Netincome-1.34B-1.28B-658.3M-155M
Change To Account Receivables-1.11B478.44M-1.18B-95.7M
Change To Liabilities584.71M1.13B1.24B111.13M
Change To Inventory-615.59M-515.1M-1.81B-719.92M
Change To Operating Activities2.6B-122.18M2.35B2.34B
Total Cash From Operating Activities7.54B5.35B6.31B6.36B
Capital Expenditures-6.1B-4.14B-4.61B-3.41B
Investments-7.78B6.74B-9.88B-2.09B
Other Cashflows From Investing Activities1.48B737.73M1.11B1.09B
Total Cashflows From Investing Activities-15.44B4.82B-17.53B-4.23B
Dividends Paid-1.07B-706.66M-708.97M-482.83M
Net Borrowings7.71B-4.11B11.53B-382.54M
Other Cashflows From Financing Activities39.33M-6.26M-328.85M-39.44M
Total Cash From Financing Activities6.77B-4.57B10.61B-900.3M
Effect Of Exchange Rate-10.86M-171.56M35.91M9.56M
Change In Cash-1.13B5.43B-572.38M1.24B
Issuance Of Stock98.83M256.51M124.44M4.5M