Mengniu reports 7.8 percent growth while Mengniu stock sits 12.00 percent below its high

Published on 10/07/2026 at 05:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit rose 15.94 percent in the first half of 2026. Mengniu stock sits 12.00 percent below its yearly high today.

Mengniu, KYG210961051, Illustration mit AI erstellt.

Mengniu stock was trading at HKD 17.31 on the Hong Kong Stock Exchange on October 7, 2026 at 11:19 a.m. HKT, 12.00 percent below its HKD 19.67 52-week high. As Futubull reported on September 25, 2026, Mengniu generated RMB 44.79 billion in revenue during the six months ended June 30, 2026, up 7.80 percent year over year.

Revenue recovery reaches more segments

The interim figures show a broad-based recovery. Profit attributable to shareholders rose 15.94 percent year over year to RMB 2.37 billion in the first half of 2026, while operating profit increased 3.90 percent to RMB 3.68 billion, according to Futubull.

The mix was important for investors. Cheese revenue increased 32.62 percent year over year to RMB 3.15 billion, while powdered milk revenue rose 22.80 percent to RMB 2.06 billion in the same period, as Futubull summarized Citic Securities' September 28, 2026 review.

Margins remain the key counterweight

Growth came with pressure on profitability. Gross margin fell 0.99 percentage points year over year to 40.76 percent in the first half of 2026, while operating margin was 8.20 percent, down 0.30 percentage points, according to the same Citic Securities review.

Management also identified raw-material costs, market competition and income-tax adjustments as risks in the interim announcement. The combination gives the results a mixed structure: revenue and shareholder profit accelerated, but gross-margin improvement still depends on pricing and input-cost conditions.

Analysts see valuation upside

Analyst estimates have moved higher after the results. Simply Wall St said on September 30, 2026 that analysts revised fair value to HKD 20.23 from HKD 18.10. Separately, UOB Kay Hian maintained a Buy rating and a HKD 24.40 target in its September 25, 2026 consumer report.

Hong Kong valuation stays below the yearly high

China Mengniu Dairy Company Limited had a market capitalization of HKD 66.9 billion on October 7, 2026. Its HKD 13.88 to HKD 19.67 52-week range places the HKD 17.31 quote in the middle portion of the yearly band, while the September results provide a measurable earnings comparison for the valuation debate.

For German-market investors, the prior close at Lang & Schwarz was EUR 1.95 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Mengniu stock.