China Mengniu Statements
23
China Mengniu Income Statement
B
M
CNY (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
47 722.3
100
30 263.49
63.4
17 458.81
36.6
—
0
14 733.64
30.9
14 743.18
30.9
2 715.63
5.7
1 190.65
2.5
—
0
4 147.73
8.7
504.63
1.1
3 751.4
7.9
0.945
3 968.39
42 236.27
100
27 398.99
64.9
14 837.28
35.1
—
0
12 621.19
29.9
11 939.96
28.3
2 897.32
6.9
458.8
1.1
—
0
2 471.12
5.9
474.81
1.1
2 079
4.9
0.523
3 975.52
45 905.21
100
28 352.58
61.8
17 552.63
38.2
—
0
14 599.08
31.8
14 587.52
31.8
2 965.11
6.5
480.61
1
—
0
3 397.05
7.4
429.7
0.9
2 946.54
6.4
0.744
3 960.27
38 501.39
100
24 524.49
63.7
13 976.89
36.3
—
0
11 723.16
30.4
11 703.68
30.4
2 273.22
5.9
496.83
1.3
—
0
2 752.45
7.1
385.65
1
2 313.52
6
0.583
3 970.07
37 533.46
100
22 881.07
61
14 652.39
39
—
0
13 107.59
34.9
13 600.18
36.2
1 052.21
2.8
421.76
1.1
—
0
1 402.34
3.7
267.54
0.7
1 211.53
3.2
0.308
3 932.6
39 172.62
100
25 072.73
64
14 099.89
36
—
0
11 952.03
30.5
11 996.01
30.6
2 103.88
5.4
387.46
1
—
0
3 009.52
7.7
874.23
2.2
2 028.51
5.2
0.516
3 933.79
39 857.24
100
24 278.51
60.9
15 578.73
39.1
—
0
12 903.44
32.4
13 099.72
32.9
2 479.01
6.2
319.24
0.8
—
0
2 595.93
6.5
435.3
1.1
2 076.93
5.2
0.531
3 913.97
34 502.73
100
22 241.38
64.5
12 261.35
35.5
—
0
10 370.34
30.1
10 323.67
29.9
1 937.68
5.6
11.331
0.03
—
0
1 835.66
5.3
290.5
0.8
1 481.02
4.3
0.375
3 951.98
34 474.34
100
20 952.06
60.8
13 522.28
39.2
—
0
11 378
33
11 560.23
33.5
1 962.05
5.7
84.315
0.2
—
0
2 017.07
5.9
358.5
1
1 562.01
4.5
0.4
3 902.75
30 689.87
100
20 009.74
65.2
10 680.12
34.8
—
0
9 209.52
30
9 340.72
30.4
1 339.4
4.4
-134.22
-0.4
—
0
1 136.03
3.7
220.44
0.7
919.94
3
0.236
3 895.99
29 465.76
100
18 963.18
64.4
10 502.57
35.6
—
0
8 240.34
28
8 415.39
28.6
2 087.18
7.1
-387.57
-1.3
-25.637
-0.09
1 488.93
5.1
373.85
1.3
1 127.9
3.8
0.29
3 894.73
26 522
100
18 068
68.1
8 454
31.9
—
0
8 358
31.5
8 199
30.9
255
1
90
0.3
—
0
-1 959
-7.4
38
0.1
-1 828
-6.9
-0.47
3 886
27 257
100
18 076
66.3
9 181
33.7
—
0
7 570
27.8
7 719
28.3
1 462
5.4
3
0.01
—
0
1 498
5.5
313
1.1
1 077
4
0.28
3 886
23 462
100
16 229
69.2
7 233
30.8
—
0
6 151
26.2
6 002
25.6
1 231
5.2
74
0.3
-4
-0.02
1 276
5.4
189
0.8
1 029
4.4
0.26
3 894
25 564
100
17 422
68.2
8 143
31.9
—
0
6 631
25.9
6 707
26.2
1 436
5.6
280
1.1
-5
-0.02
1 754
6.9
321
1.3
1 339
5.2
0.34
3 900
24 213
100
17 162
70.9
7 052
29.1
—
0
5 647
23.3
5 637
23.3
1 415
5.8
265
1.1
-10
-0.04
1 669
6.9
207
0.9
1 302
5.4
0.33
3 889
25 836
100
17 454
67.6
8 382
32.4
—
0
6 947
26.9
7 218
27.9
1 164
4.5
215
0.8
-5
-0.02
1 481
5.7
253
1
1 049
4.1
0.27
3 929
22 689
100
16 511
72.8
6 178
27.2
—
0
5 239
23.1
5 301
23.4
877
3.9
306
1.3
—
0
1 168
5.1
181
0.8
881
3.9
0.23
3 705
20 668
100
15 149
73.3
5 519
26.7
—
0
4 608
22.3
4 687
22.7
832
4
202
1
—
0
1 022
4.9
186
0.9
749
3.6
0.21
3 577
17 756
100
13 450
75.7
4 306
24.3
—
0
3 658
20.6
3 635
20.5
671
3.8
110
0.6
—
0
831
4.7
91
0.5
658
3.7
0.19
3 536
18 244
100
13 600
74.5
4 644
25.5
—
0
3 771
20.7
3 754
20.6
890
4.9
16
0.09
-2
-0.01
903
4.9
155
0.8
645
3.5
0.18
3 535
18 809
100
14 042
74.7
4 767
25.3
—
0
3 973
21.1
3 948
21
819
4.4
201
1.1
—
0
1 012
5.4
120
0.6
800
4.3
0.23
3 542
18 579
100
13 754
74
4 825
26
—
0
3 833
20.6
3 882
20.9
942
5.1
107
0.6
—
0
1 048
5.6
156
0.8
790
4.3
0.23
3 484
15 831
100
11 832
74.7
3 999
25.3
—
0
3 377
21.3
3 300
20.8
699
4.4
106
0.7
—
0
789
5
110
0.7
618
3.9
0.18
3 482
14 434
100
10 647
73.8
3 787
26.2
—
0
3 095
21.4
3 070
21.3
717
5
36
0.2
-1
-0.007
749
5.2
73
0.5
619
4.3
0.18
3 482
13 613
100
9 994
73.4
3 619
26.6
—
0
3 212
23.6
3 160
23.2
459
3.4
68
0.5
-1
-0.007
526
3.9
29
0.2
454
3.3
0.13
3 426
12 098
100
8 865
73.3
3 233
26.7
—
0
2 350
19.4
2 388
19.7
844
7
-24
-0.2
—
0
820
6.8
98
0.8
662
5.5
0.21
3 123
10 163
100
8 798
86.6
1 365
13.4
—
0
3 086
30.4
3 236
31.8
-1 872
-18.4
38
0.4
1
0.01
-1 839
-18.1
-224
-2.2
-1 532
-15.07
-0.5
3 089
13 702
100
10 398
75.9
3 304
24.1
—
0
2 620
19.1
2 627
19.2
677
4.9
72
0.5
1
0.007
750
5.5
62
0.5
583
4.3
0.2
2 853
11 297
100
8 945
79.2
2 352
20.8
—
0
1 891
16.7
1 831
16.2
521
4.6
21
0.2
-1
-0.009
541
4.8
7
0.06
451
4
0.16
2 855
10 021
100
7 570
75.5
2 451
24.5
—
0
1 872
18.7
1 856
18.5
595
5.9
-6
-0.06
—
0
589
5.9
15
0.1
485
4.8
0.17
2 784
8 700
100
6 736
77.4
1 964
22.6
—
0
1 525
17.5
1 465
16.8
499
5.7
-20
-0.2
—
0
479
5.5
28
0.3
384
4.4
0.14
2 737
7 546
100
5 789
76.7
1 758
23.3
—
0
1 275
16.9
1 275
16.9
482
6.4
-19
-0.3
—
0
463
6.1
48
0.6
343
4.5
0.13
2 737
6 071
100
4 724
77.8
1 347
22.2
—
0
1 037
17.1
1 040
17.1
307
5.1
-17
-0.3
1
0.02
291
4.8
35
0.6
210
3.5
0.08
2 737
4 754
100
3 688
77.6
1 066
22.4
—
0
726
15.3
722
15.2
344
7.2
-18
-0.4
—
0
326
6.9
26
0.5
247
5.2
0.09
2 737
3 741
100
2 962
79.2
780
20.9
—
0
604
16.1
593
15.9
186
5
-16
-0.4
—
0
170
4.5
8
0.2
135
3.6
0.06
2 175
3 473
100
2 646
76.2
827
23.8
—
0
572
16.5
573
16.5
254
7.3
-13
-0.4
—
0
241
6.9
10
0.3
184
5.3
0.08
2 300