Chinese dairy giant Mengniu sees profit rise in 2021

HOHHOT -- 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 ($787.6 million) 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.