Chinese dairy giant Mengniu sees profit rise in 2021

Chinese dairy giant Inner Mongolia Mengniu Dairy (Group) Co., Ltd. said that its net profit attributed to shareholders of the parent company reached over 5 billion yuan (about 787.6 million U.S. dollars) in 2021, an annual increase of 42.6 percent.

As one of the preferred dairy brands for Chinese consumers, Mengniu achieved about 88.1 billion yuan in revenue last year, up 15.9 percent year on year, according to a company report released on Wednesday.