中国蒙牛乳业有限公司2019年年度报告（363页）.pdf

1、China Mengniu Dairy Company Limited (the “Company”; stock code: 2319) and its subsidiaries (collectively the “Group” or “Mengniu”) mainly manufacture and distribute quality dairy products in China. It is one of the leading dairy product manufacturers in China, with MENGNIU as its core brand. Mengniu

2、s diversified products include liquid milk, ice cream, milk formula and other products such as cheese. Mengniu made it on the “Global Dairy Top 20” list published by Rabobank, placing itself among the top 10 of dairy industry for the third consecutive year. By the end of December 2019, the Groups an

3、nual production capacity of dairy products reached 9.50 million tons. In March 2014, Mengniu became a Hang Seng Index constituent, making it the first blue chip Chinese dairy product enterprise.中國蒙牛乳業有限公司 （ 本公司 ；股份代號：2319） 及其子公司 （統稱 本集團 或 蒙牛 ） 主要於中國生產及銷售優質乳製品。憑藉其主要品牌蒙牛，蒙牛已成為中國領先的乳製品生產商之一。蒙牛提供多元化的產品，

4、包括液態奶、冰淇淋、奶粉及其他產品例如奶酪等。蒙牛已連續第三年於荷蘭合作銀行公佈的 全球乳業20強 佔據全球首十名。截至二零一九年十二月底，本集團乳製品的年生產能力達950萬噸。二零一四年三月，蒙牛獲納入恒生指數成份股，成為首家中國乳製品企業藍籌股。CORPORATE PROFILE公司簡介Highlights摘要2Plant Map生產基地位置圖4Major Awards and Achievements主要獎項及殊榮5CEOs Statement總裁致辭10Management Discussion and Analysis管理層討論及分析18Directors and Senior Ma

5、nagement董事及高級管理層66Corporate Governance Report企業管治報告78Report of the Directors董事會報告100Corporate Information公司資料115Independent Auditors Report獨立核數師報告117Consolidated Statement of Profit or Loss綜合損益表126Consolidated Statement of Comprehensive Income綜合全面收益表127Consolidated Statement of Financial Position綜合財

6、務狀況表128Consolidated Statement of Changes in Equity綜合權益變動表131Consolidated Statement of Cash Flows綜合現金流量表133Notes to Financial Statements財務報表附註136Financial Summary財務概要359CONTENTS目錄HIGHLIGHTS摘要China Mengniu Dairy Company Limited 中國蒙牛乳業有限公司2 截至二零一九年十二月三十一日止年度收入為人民幣790.299億元 （二零一八年：人民幣689.771億元） ，同比增長14.