Below are the financial statements of China Mengniu Dairy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of CNY | 2024 | 2023 |
|---|---|---|
| Revenue | 88.67a | 98.62a |
| Cost of sales | -53.58a | -61.98a |
| Gross profit | 35.09a | 36.64a |
| Other income and gains | 1.03a | 1.07a |
| Selling and distribution expenses | -23.09a | -25.19a |
| Administrative expenses | -4.23a | -4.74a |
| Impairment losses on financial and contract assets, net | -0.37a | -0.31a |
| Loss on derecognition of financial assets measured at amortised cost | -0.05a | -0.05a |
| Other expenses | -6.45a | -1.3a |
| Interest income | 1.41a | 1.68a |
| Finance costs | -1.47a | -1.57a |
| Share of results of associates | -0.87a | 0.09a |
| Profit before taxation | 1a | 6.31a |
| Income tax expense | -0.77a | -1.43a |
| Profit for the year | 0.22a | 4.89a |
| Attributable to | — | — |
| Owners of the company | 0.1a | 4.81a |
| Non-controlling interests | 0.12a | 0.08a |
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