China Mengniu Dairy Company Limited
2319Company Overview
China Mengniu Dairy Co., Ltd. (“the Company”; stock code: 2319) and its subsidiaries (collectively, the “Group” or “Mengniu”) mainly produce and sell high-quality dairy products in China. With its main brand Mengniu, Mengniu has become one of the leading producers of dairy products in China. Mengniu offers a diverse range of products, including liquid milk, ice cream, milk powder and cheese products. Mengniu ranked 7th in the 2022 “Global Top 20 Dairy Industry” published by Rabobank. By the end of 2022, the Group had an annual production capacity of 12.91 million tons of dairy products. In March 2014, Mengniu was included as a constituent stock of the Hang Seng Index, becoming the first blue chip stock of a Chinese dairy company. In 2022, Mengniu's MSCIESG rating jumped to A, the highest rating in the Chinese food industry, and was selected as a constituent stock of sustainable development indices such as the Hang Seng Sustainable Development Enterprise Index.”
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | China Mengniu Dairy Company Limited |
Ticker | 2319 |
Main Business | Packaged Foods |
Type | Common Stock |
Industry | Packaged Foods |
Country | HK |
Market Cap | $10.55 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Sale of goods | $92,592.4 | $0.0 | - |
Consignment processing services | $915.0 | $0.0 | - |
Government grants | $492,699,000.0 | $0.0 | - |
Gain on disposal of a subsidiary | $241.5 | $0.0 | - |
Total | $492,792,748.9 | $0.0 | 0.00% (failed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $1,373,949,579.8 | 13.02% |
long term bank loan | $3,865,546,218.5 | 36.63% |
derivative financial instruments non current liabilities | $624,649.9 | 0.01% |
Total Interest-Bearing Debt | $5,240,120,448.2 | 49.65% |
Market Capitalization | $10,553,846,153.8 | 100.00% |
Compliance Status | Threshold: 33% | failed |