蒙牛乳业：年报2017(仅供参考).pdf

China Mengniu Dairy Company Limited 業公司 (Incorporated in the Cayman Islands with limited liability) 於成之有限公司 Stock Code 股份代號：2319 ANNUAL REPORT 2017 CORPORATE PROFILE 公司簡介 China Mengniu Dairy Company Limited (the “Company”; stock code: 2319) and its subsidiaries (the “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 and other products (such as plant protein beverage and cheese). As of December 2017, the Group’s annual production capacity reached 9.22 million tons. In March 2014, Mengniu became a Hang Seng Index constituent, making it the first blue chip Chinese dairy product manufacturer. 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 ，蒙牛已成為中國領先的乳製品生產商之一，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（如植物蛋白飲品、奶 酪）。於二零一七年十二月，本集團乳製品的全年生產能力達922萬噸。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 2 Plant Map 生產基地位置圖 4 Major Awards and Achievements 主要獎項及殊榮 5 CEO’s Statement 總裁致辭 8 Management Discussion and Analysis 管理層討論及分析 14 Directors and Senior Management 董事及高級管理層 52 Corporate Governance Report 企業管治報告 64 Report of the Directors 董事會報告 83 Corporate Information 公司資料 99 Independent Auditors’ Report 獨立核數師報告 101 Consolidated