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China Modern Dairy Holdings Ltd. logo

China Modern Dairy Holdings Ltd.

1117.HK

HKSEConsumer DefensiveAgricultural Farm Products

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Latest quote

HK$1.55

HK$0.00 · 0.00%

Aug 24, 11:03 AM HKT

1117.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Modern Dairy Holdings Ltd. functions as an investment holding company dedicated to the production and sale of milk throughout Mainland China. The company's operations include supplying raw milk to clients for dairy product manufacturing, alongside offering its own line of liquid milk products. Additionally, it engages in raising dairy cattle, marketing animal feeds, and producing fodder. As of December 31, 2021, the firm maintained 33 operational farms. Founded in 2005, its main office is located in Maanshan, People's Republic of China, and it operates as a subsidiary of China Mengniu Dairy Company Limited.

Industry
Agricultural Farm Products
Sector
Consumer Defensive
Headquarters
CN
CEO
Yugang Sun
Listed since
Nov 26, 2010
Employees
9,178

Market position

Day range

Current HK$1.55

52-week range

Current HK$1.55

Open
HK$1.54
Previous close
HK$1.55
Volume
16.52M
0.73× average
Average volume
22.78M
Average daily volume
Market cap
12.11B HKD
Beta
0.48
Market reference 1
50-day average
HK$1.2421
+24.79% above average
200-day average
HK$1.3591
+14.04% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
26.42B CNY
P/E (TTM)
-9.01×
P/B (TTM)
1.25×
P/S (TTM)
0.82×
EV / EBITDA
9.84×
Earnings yield
-9.91%
Free cash flow yield
-14.43%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.41%
Operating margin
17.81%
Net margin
-8.96%
Return on equity
-13.60%
Return on assets
-3.08%
Return on invested capital
7.04%

Financial health

Debt / equity
2.6×
Current ratio
0.96×
Altman Z-score
1.33
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%22%3%-15%Gross margin, FY2021: 36.02%Gross margin, FY2022: 26.57%Gross margin, FY2023: 23.24%Gross margin, FY2024: 26.04%Gross margin, FY2025: 27.41%Operating margin, FY2021: 28.07%Operating margin, FY2022: 17.75%Operating margin, FY2023: 14.13%Operating margin, FY2024: 16.92%Operating margin, FY2025: 17.81%Net margin, FY2021: 14.39%Net margin, FY2022: 4.57%Net margin, FY2023: 1.30%Net margin, FY2024: -10.69%Net margin, FY2025: -8.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.02%. Gross margin FY2022 26.57%. Gross margin FY2023 23.24%. Gross margin FY2024 26.04%. Gross margin FY2025 27.41%. Operating margin FY2021 28.07%. Operating margin FY2022 17.75%. Operating margin FY2023 14.13%. Operating margin FY2024 16.92%. Operating margin FY2025 17.81%. Net margin FY2021 14.39%. Net margin FY2022 4.57%. Net margin FY2023 1.30%. Net margin FY2024 -10.69%. Net margin FY2025 -8.96%.

Income trends

Revenue

12.6B CNY-4.93%

Operating income

2.24B CNY+0.08%

Net income

−1.13B CNY+20.34%
Income trends across reported periods14.95B CNY9B CNY3.05B CNY−2.9B CNYRevenue, FY2021: 7.08B CNYRevenue, FY2022: 12.3B CNYRevenue, FY2023: 13.46B CNYRevenue, FY2024: 13.25B CNYRevenue, FY2025: 12.6B CNYOperating income, FY2021: 1.99B CNYOperating income, FY2022: 2.18B CNYOperating income, FY2023: 1.9B CNYOperating income, FY2024: 2.24B CNYOperating income, FY2025: 2.24B CNYNet income, FY2021: 1.02B CNYNet income, FY2022: 562.5M CNYNet income, FY2023: 175.16M CNYNet income, FY2024: −1.42B CNYNet income, FY2025: −1.13B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.08B CNY. Revenue FY2022 12.3B CNY. Revenue FY2023 13.46B CNY. Revenue FY2024 13.25B CNY. Revenue FY2025 12.6B CNY. Operating income FY2021 1.99B CNY. Operating income FY2022 2.18B CNY. Operating income FY2023 1.9B CNY. Operating income FY2024 2.24B CNY. Operating income FY2025 2.24B CNY. Net income FY2021 1.02B CNY. Net income FY2022 562.5M CNY. Net income FY2023 175.16M CNY. Net income FY2024 −1.42B CNY. Net income FY2025 −1.13B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue12.6B CNY13.25B CNY13.46B CNY12.3B CNY7.08B CNY
Cost of goods sold9.15B CNY9.8B CNY10.33B CNY9.03B CNY4.53B CNY
Gross profit3.45B CNY3.45B CNY3.13B CNY3.27B CNY2.55B CNY
Selling, general, and administrative1.19B CNY1.21B CNY1.23B CNY1.1B CNY558.16M CNY
Operating expenses1.21B CNY1.21B CNY1.23B CNY1.08B CNY558.16M CNY
Interest income139.07M CNY75.34M CNY67.51M CNY60.39M CNY46.14M CNY
Interest expense620.73M CNY528.67M CNY505.51M CNY405.71M CNY246.95M CNY
Depreciation and amortization464.75M CNY383.45M CNY453.11M CNY398.76M CNY295.58M CNY
Operating income2.24B CNY2.24B CNY1.9B CNY2.18B CNY1.99B CNY
Net income−1.13B CNY−1.42B CNY175.16M CNY562.5M CNY1.02B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
14%
1 beat, 6 misses, 0 met estimates
Average EPS surprise
-57.95%
7 comparable reports
Latest EPS result
-0.03

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.20.07-0.07-0.2Q3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 23, 2022: actual 0.076, estimate 0.12, surprise -36.99%, Miss. Q1 2023, reported Mar 28, 2023: actual 0.011, estimate 0.16, surprise -92.92%, Miss. Q3 2023, reported Aug 29, 2023: actual 0.029, estimate 0.16, surprise -82.10%, Miss. Q1 2024, reported Mar 25, 2024: actual -0.032, estimate 0.062, surprise -152.70%, Miss. Q3 2024, reported Aug 27, 2024: actual -0.031, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual -0.16, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual -0.128, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual -0.031, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates16.6B13.04B9.47B5.91BQ1 '23BeatQ3 '23BeatQ1 '24MissQ3 '24MissQ1 '25BeatQ3 '25BeatQ1 '26BeatQ3 '26Estimate
Q1 2023, reported Mar 28, 2023: actual 7.54B HKD, estimate 6.88B HKD, surprise +9.66%, Beat. Q3 2023, reported Aug 29, 2023: actual 7.17B HKD, estimate 6.66B HKD, surprise +7.70%, Beat. Q1 2024, reported Mar 25, 2024: actual 7.51B HKD, estimate 7.6B HKD, surprise -1.16%, Miss. Q3 2024, reported Aug 27, 2024: actual 6.9B HKD, estimate 15.87B HKD, surprise -56.54%, Miss. Q1 2025, reported Mar 25, 2025: actual 7.28B HKD, estimate 7.01B HKD, surprise +3.73%, Beat. Q3 2025, reported Aug 26, 2025: actual 6.65B HKD, estimate 6.64B HKD, surprise +0.16%, Beat. Q1 2026, reported Mar 24, 2026: actual 7.29B HKD, estimate 7.26B HKD, surprise +0.39%, Beat. Q3 2026, reported Aug 25, 2026: actual —, estimate 7.3B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.0133

2025 complete year-45.3% since 2021

Corporate action history

Dividend

Ex-dividend Jun 16, 2025

HK$0.0133

Annual

Record Jun 17, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Jun 14, 2024

HK$0.0049

Annual

Record Jun 17, 2024 · Payment Jun 28, 2024

Dividend

Ex-dividend Jun 8, 2023

HK$0.0157

Annual

Record Jun 9, 2023 · Payment Jun 30, 2023

Dividend

Ex-dividend Jun 10, 2022

HK$0.0306

Annual

Record Jun 13, 2022 · Payment Jun 30, 2022

Dividend

Ex-dividend Jun 4, 2021

HK$0.0243

Annual

Record Jun 7, 2021 · Payment Jun 24, 2021

Dividend

Ex-dividend Jun 10, 2015

HK$0.01

Annual

Record Jun 11, 2015 · Payment Jun 26, 2015

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ETFs holding 1117.HK

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
8.78M
Weight
0.01%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
7.05M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
6.85M
Weight
0.00%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
2.05M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
710.37K
Weight
—
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
600.27K
Weight
0.01%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
442.15K
Weight
0.00%
AUM
10B USD
Expense ratio
0.29%
Price / 1D
$39.49+0.51%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
422.28K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%

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