---
title: "Mengniu 2020 Revenue Grows 10.6% to 76 Billion Yuan! Cheese Soars 130%! Multiple Businesses Achieve Double-Digit Growth!"
description: "Mengniu Dairy announced its 2020 annual results, with revenue growing 10.6% to 76.035 billion yuan and profit reaching 3.525 billion yuan. The company saw strong growth across multiple business segments, including a 130% surge in retail cheese sales, and outlined its strategy to 'create a new Mengniu' for the future."
author: "New Distribution"
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published: "2021-03-25"
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# Mengniu 2020 Revenue Grows 10.6% to 76 Billion Yuan! Cheese Soars 130%! Multiple Businesses Achieve Double-Digit Growth!

> Mengniu Dairy announced its 2020 annual results, with revenue growing 10.6% to 76.035 billion yuan and profit reaching 3.525 billion yuan. The company saw strong growth across multiple business segments, including a 130% surge in retail cheese sales, and outlined its strategy to 'create a new Mengniu' for the future.

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Today, Mengniu Dairy (hereinafter referred to as Mengniu) announced its 2020 annual results. According to the report, Mengniu's revenue in 2020 grew by 10.6% to 76.035 billion yuan, with profit reaching 3.525 billion yuan.
**-01- Leading the industry's recovery against the trend, with comprehensive growth across multiple businesses**
2020 was a year of challenges for the entire Chinese dairy industry. The COVID-19 pandemic caused widespread difficulties such as declining dairy product sales, blocked channels, and high terminal inventory pressure. Facing the test of the pandemic and adverse industry conditions, Mengniu took measures that balanced economic and social responsibilities, working with upstream and downstream industry chain partners to overcome difficulties together, and quickly led the industry to recovery.
In terms of actively fulfilling social responsibilities, during the pandemic, Mengniu carried out the largest food donation in its history, with a cumulative amount of 740 million yuan, and donated Telunsu milk to medical staff across the country who supported Hubei. The responsibility of the dairy industry's "national team" was fully demonstrated, and Mengniu thereby further enhanced its brand reputation among the public.
During the pandemic, Mengniu started from stabilizing the industry chain, solidly carried out the "six stability" and "six guarantees" work, promised "not to reject a drop of qualified milk," and urgently allocated 3 billion yuan in interest-free funds and 10 billion yuan in credit support to cooperative pastures nationwide, and actively gave profits to consumers in the consumer market to maintain market stability.
Due to rapid response and effective measures, Mengniu achieved double-digit year-on-year growth in the second quarter of 2020. From a business segment perspective, Mengniu's ambient, low-temperature, milk powder, cheese, fresh milk, ice cream, and other businesses all achieved considerable growth throughout the year. Among them, pure milk, cheese, fresh milk, and other businesses achieved high-quality double-digit or even triple-digit growth.
Ambient liquid milk achieved double-digit growth for five consecutive years, with Mengniu pure milk growth reaching 20%; the star product Telunsu achieved 19% growth in 2020; the Zhen Guoli series products achieved 12% growth; in the fresh milk market, Mengniu's market share expanded 1.7 times, soaring to 11%.
**-02- New forces in the dairy industry rise, retail cheese soars 130%**
It is worth mentioning that Mengniu's cheese business segment continued to make efforts, with retail cheese performance growing by over 130% and catering cheese growing by 30%.
In recent years, the high nutritional value of cheese has gradually become widely known. Coupled with the rise of health awareness, the Chinese cheese market has entered a "fast track" of development. Market estimates suggest that cheese consumption will achieve an average growth rate of 20% in the next five years, making it a veritable "blue ocean" new track.
Under the influence of the pandemic, consumers' attention to health, nutrition, and high-quality life has further increased, and the cheese market has seen explosive growth. As one of the earliest dairy companies in China to enter the cheese business, Mengniu has accumulated more than ten years of market and R&D experience in this field. In recent years, Mengniu and Danish Arla Foods, a global cheese leader with a century of cheese R&D and production experience, jointly established Arla Aishichen Cheese Company, focusing on R&D and production of high-end cheese products, with performance and market share achieving rapid growth year after year.
Over the years, through self-building, acquisitions, and strategic cooperation, Mengniu has established a strong global R&D system, forming professional teams for nutritional science research, milk research, microbiological research, processing technology research, product development, packaging research, and consumer sensory research. This provides sufficient R&D strength for enriching the raw materials, taste, variety, nutrition, and product portfolio of domestic cheese, and has expanded the category from children's cheese to the adult cheese market, greatly expanding the growth boundary of the cheese market and providing more stable support for the high-quality development of the Chinese dairy industry.
In addition, Mengniu's continuous increase in its stake in Miaokeland also reflects its determination to deepen its development in the cheese category. Now, the growth rate of Mengniu's cheese business is very considerable, and it is likely to become its new growth pole in the future.
**-03- Under high-quality development, "creating a new Mengniu"**
Mengniu also mentioned in the financial report: Mengniu aims to become an internationalized Mengniu. Mengniu is not only satisfied with laying out global resources but also wants to win the international market. By strengthening its business in Southeast Asia and Oceania, cultivating a high-level global talent pipeline, and building an internationalized "Mengniu model" for the dairy industry, Mengniu's success in brand, products, and business models can be replicated in more countries and regions, making Mengniu a truly globally influential enterprise.
This year marks the beginning of the "14th Five-Year Plan." Not long ago, Mengniu also proposed the strategic plan of "creating a new Mengniu," aiming to provide consumers with more nutritious products, help the public live a better life, and lead the high-quality start of the dairy industry in the "14th Five-Year Plan" period by building a Mengniu that is loved by consumers, more digital and intelligent, internationalized, with a strong cultural gene, and more responsible.
In this "five-year portrait," Mengniu takes consumers as the driving force for development, realizes digital and intelligent transformation across the entire chain, achieves intelligent supply and demand regulation at all links, closely connects the industry chain with consumers, builds a responsible supply chain, constructs a green industry chain, further consolidates the global supply chain, and creates a sustainable "Mengniu model." Through industrial synergy to boost regional economic development, consolidate and expand the achievements of poverty alleviation through multi-dimensional and full industry chain development resonance, comprehensively promote rural revitalization, and accelerate the modernization of the dairy industry and upstream and downstream related industries.
Mengniu Group President Lu Minfang stated that as one of the top eight global dairy companies, Mengniu will adopt a more pragmatic attitude, continuously increase innovation efforts, produce more high-quality products, meet the diversified needs of consumers, fully support the national dairy industry revitalization, and contribute new and greater strength to the implementation of major national strategies including rural revitalization.
"Mengniu will adopt a more pragmatic attitude, continuously increase innovation efforts, produce more high-quality products, and meet the diversified needs of consumers," Lu Minfang said in an interview with reporters.


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