MENGNIU DAIRY Shares Climb Nearly 4% Against Market Trend on Improved First-Quarter Sales Data

Stock News04-30

MENGNIU DAIRY (02319) rose nearly 4% against the general market trend. As of the time of writing, the stock was up 3.11%, trading at HKD 17.22 with a turnover of HKD 265 million. Industrial Securities noted that MENGNIU DAIRY has deeply cultivated the domestic substitution of dairy product deep processing, establishing a moat in quality control and technology, which is conducive to further expanding its profit margins. The company recorded an impairment of RMB 2.32 billion in 2025, positioning it for a lighter operational load in 2026. Current inventory health is relatively high, and first-quarter 2026 sales data shows a trend of stabilization and recovery. Citigroup emphasized that MENGNIU DAIRY's marketing efficiency is better than the industry average, which will be a key support for "a stronger cyclical profit recovery in 2026 compared to industry rivals." Goldman Sachs expects that, benefiting from the later timing of the Lunar New Year and Winter Olympics marketing, MENGNIU DAIRY achieved high-single-digit to double-digit growth in ambient milk sales in January.

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