# Gao Fei

Milk and Resilience: How China’s Mengniu Is Navigating a Cooling Dairy Market

Mengniu Dairy reported a resilient 2025 fiscal year with 82.25 billion RMB in revenue and record-high gross margins of 39.9%. Under new leadership, the company is successfully pivoting toward high-margin specialized nutrition and international markets to offset a slowing domestic dairy sector.