Summary by Futu AI
China Mongyu Dairy Co., Ltd. announced its annual results for the year ended December 31, 2023, with revenue growth of 6.5% to RMB986.240 billion, and operating profit grew 13.8% year-on-year to RMB61.706 billion. The liquid milk market share continues to expand, brands such as Telensu have firmly established market leadership and positively returned shareholders. The share repurchases totalled HK$7.956 billion in the year. It is proposed to raise the dividend ratio to 40% and pay a final dividend of RMB0.489 per ordinary share. The company is actively advancing its digital intelligence strategy, building the world's first all-digital smart factory in the dairy industry, and launching a nutrition and health management platform. AT THE SAME TIME, THE COMPANY CONTINUES TO PURSUE THE GREEN STRATEGY AND THE “DUAL CARBON STRATEGY” GOALS TO PROMOTE THE GREEN DEVELOPMENT OF THE INDUSTRY. With regard to the future outlook, the Board of Directors will firmly pursue strategic ground, focusing on R&D innovation and digital transformation to adapt to the new trends of macro environmental transformation and market reshaping.