中国蒙牛乳业有限公司2018年年度报告（323页）.pdf

1、ANNUAL REPORT2018年 報China Mengniu Dairy Company Limited中國蒙牛乳業有限公司 *(Incorporated in the Cayman Islands with limited liability)(於開曼群島註冊成立之有限公司)Stock Code 股份代號：2319ANNUAL REPORT 年 報 2018CORPORATE PROFILE公司簡介China Mengniu Dairy Company Limited (the “Company”; stock code: 2319) and its subsidiaries (the

2、 “Group” or “Mengniu”) 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 s diversified products include liquid milk (such as UHT milk, milk beverages and yogurt), ice cream, milk formula

3、and other products (such as plant-based protein beverage and cheese). Mengniu made it on the “Global Dairy Top 20” list published by Rabobank, placing itself among the top 10 of dairy industry in 2017 and 2018 consecutively. By the end of December 2018, the Group s annual production capacity of dair

4、y products reached 9.75 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 ） 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，包括液態奶 （如UHT奶、乳飲料及酸奶） 、冰淇淋、奶粉及其他產品

5、（如植物蛋白飲品、奶酪） 。蒙牛於二零一七年及二零一八年連續兩年於荷蘭合作銀行公佈的 全球乳業20強 佔據全球首十名。截至二零一八年十二月底，本集團乳製品的全年生產能力達975萬噸。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。CONTENTS目錄Highlights摘要2Plant Map生產基地位置圖4Major Awards and Achievements主要獎項及殊榮5CEO s Statement總裁致辭8Management Discussion and Analysis管理層討論及分析16Directors and Senior Management董

6、事及高級管理層52Corporate Governance Report企業管治報告64Report of the Directors董事會報告85Corporate Information公司資料103Independent Auditor s Report獨立核數師報告105Consolidated Statement of Profit or Loss綜合損益表113Consolidated Statement of Comprehensive Income綜合全面收益表114Consolidated Statement of Financial Position綜合財務狀況表115Co