13 Mar 2026 FY25 revenue is expected to be 7% to 8% lower YoY while OPM is slightly lower. FY25 NP would be Rmb1.4bn to Rmb1.6bn, vs Rmb104.5m in FY24. The main reason the FY25 profit rebound appears so dramatic
CROSBY Research – Mengniu (2319 HK/NR): Earnings Rebound Masks a Still-Soft Demand Backdrop


