On August 28, MENGNIU DAIRY fell 3.67% in regular trading to HKD 18.1, with turnover of HKD 438 million, extending its post-earnings pullback for the second consecutive session.

The decline followed the company's H1 results released on August 26. Revenue reached RMB 44.8 billion, up 7.8% year-over-year, while attributable net profit rose 15.9% to RMB 2.37 billion. However, operating profit grew only 3.9%, significantly lagging revenue growth. Gross margin contracted 0.9 percentage points to 40.8%, operating cash flow declined 11.1%, and selling and distribution expenses increased 6.4%, reflecting raw material cost and expense-side pressures. With the stock having accumulated over 30% gains year-to-date, profit-taking pressure continued following earnings delivery.

Separately, UBS maintained a Buy rating on the same day, raising its target price from HKD 21.2 to HKD 22, citing record-high core operating profit driven by strong sales growth and disciplined cost control.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)