蒙牛乳业(2319.HK):峰回路转 再启山林

长江证券
20 May

蒙牛乳业是国内乳业龙头,背靠中粮集团,新品类、出海驱动全新增长蒙牛乳业立足液态奶,发展多元化的乳品品类,股东中粮集团协同赋能发展。2024 年公司液态奶/冰淇淋/奶粉/奶酪/其他乳制品,收入占比分别为82.40% / 5.84% / 3.74% / 4.87% / 3.15%,液态奶业务作为主要业务稳定发力,冰淇淋、奶酪、奶粉业务收入占比有望进一步提升,其中奶酪同比增长0.45pct,我们期待其...

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