China Mengniu Dairy, the country’s largest milk group, saw annual profits soar almost 60% last year thanks to the growing number of dairy consumers in China.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company, based in the autonomous province of Inner Mongolia, posted net profit of CNY727.4m (US$94.1m) for 2006, up 59% on the year. Revenues were up, leaping 50.1% to CNY10.8bn, the company said late last week.


The performance helped boost Mengniu’s share of China’s liquid milk market to 33%, according to figures to the end of December last year.


CEO Niu Gensheng said: “The booming Chinese economy has seen the number of dairy consumers growing in the country and that benefited the group correspondingly as reflected in its outstanding results.”

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now