MENGNIU DAIRY (02319) saw its shares rise more than 4%. At the time of writing, the stock was up 4.34%, trading at HK$16.59, with a turnover of HK$1.3 billion. The movement follows the company's announcement of its 2025 results. Revenue reached RMB 822.449 billion, with the gross profit margin improving by 0.3 percentage points year-on-year to 39.9%. Profit attributable to equity shareholders surged 1378.9% compared to the previous year to RMB 15.454 billion. Net cash inflow from operating activities increased by 5.0% to RMB 87.505 billion, setting a new historical high. Furthermore, the group has established a shareholder return plan for 2025–2027. The plan aims for a steady increase in dividends per share over the next three years while maintaining the share repurchase pace set in 2024 and 2025. This strategy is designed to consistently enhance shareholder returns through both dividends and buybacks. Consequently, the board has recommended a final dividend of RMB 0.520 per share for the year ended December 31, 2025, with total dividend distribution amounting to RMB 20.170 billion.