New Hope Dairy Co., Ltd. (002946.SZ) Bundle
From its Chengdu roots in 2006 New Hope Dairy Co., Ltd. has grown into a formidable regional dairy force, blending an artisanal vision with measurable impact-reporting 10.67 billion CNY in revenue for 2024 (a slight dip of 2.93% year‑on‑year) while maintaining investor confidence with a market capitalization near 15.19 billion CNY as of October 15, 2025; its mission to craft the finest natural dairy using fresh ingredients and to support local communities is reflected in accolades like the Best of State Award for Business Excellence and the Excellence in Agriculture Award, a 95% customer satisfaction rating for its flagship line in 2023, a sustainability achievement of a 30% reduction in greenhouse gas emissions versus 2020 by 2024, the launch of three health‑focused product lines in 2023, and more than $2 million contributed to local education and health programs that underline how its core values-integrity, quality, sustainability, innovation and community engagement-translate into numbers and initiatives that shape its strategy and market presence
New Hope Dairy Co., Ltd. (002946.SZ) - Intro
New Hope Dairy Co., Ltd. (002946.SZ), established in 2006 and headquartered in Chengdu, Sichuan, is a leading Chinese dairy company producing pasteurized milk, UHT milk, formulated milk and fermented milk. The company operates a diversified brand portfolio under the New Hope umbrella and runs numerous subsidiaries across production, R&D, distribution and marketing.- 2024 revenue: 10.67 billion CNY (decrease of 2.93% vs. 2023)
- Market capitalization: ~15.19 billion CNY (as of 15 Oct 2025)
- Headquarters: Chengdu, Sichuan; founded: 2006
- Recognition: Best of State Award for Business Excellence; Excellence in Agriculture Award
| Metric | Value |
|---|---|
| Fiscal year | 2024 |
| Revenue | 10.67 billion CNY |
| Revenue change (YoY) | -2.93% |
| Market capitalization | ≈15.19 billion CNY (15 Oct 2025) |
| Core product categories | Pasteurized milk; UHT milk; Formulated milk; Fermented milk |
| Headquarters | Chengdu, Sichuan |
| Founded | 2006 |
- Deliver safe, nutritious and accessible dairy products to Chinese households through integrated farm-to-consumer operations.
- Combine agricultural expertise with modern food science to raise nutrition standards while ensuring product safety and traceability.
- Become a top-tier, innovation-driven dairy leader in China that balances scale with quality, sustainability and consumer trust.
- Expand product offerings and channel reach to meet evolving consumer demand for health-oriented, convenience and value-added dairy items.
- Quality First - rigorous controls across sourcing, production and distribution to protect consumer health.
- Innovation - continuous R&D investment to develop new formulations, processing technologies and packaging.
- Sustainability - responsible agricultural practices and supply-chain measures to reduce environmental footprint.
- Customer-Centricity - responsiveness to consumer preferences, nutrition trends and food-safety expectations.
- Integrity & Compliance - adherence to regulatory standards and transparent corporate governance.
- Product portfolio expansion into higher-margin formulated and functional dairy segments to offset commodity volatility.
- Upgrading cold-chain logistics and traceability systems to reinforce food safety and brand trust.
- Selective investment in marketing and channel diversification (retail, e-commerce, institutional) to regain revenue momentum after 2024 decline.
New Hope Dairy Co., Ltd. (002946.SZ) - Overview
Mission Statement New Hope Dairy's mission is to craft the finest natural dairy products, using only the freshest ingredients available while contributing to the local community. This mission underscores the company's dedication to producing high-quality dairy products that meet consumer expectations for freshness and taste. By emphasizing the use of fresh ingredients, New Hope Dairy aims to deliver products that are both nutritious and enjoyable, catering to the health-conscious consumer. The commitment to community contribution highlights the company's recognition of its role in supporting local economies and fostering community development. This mission reflects a holistic approach, balancing product excellence with social responsibility, and aligns with the company's strategic initiatives to enhance brand reputation and consumer trust. Over time, this mission has guided New Hope Dairy's expansion and innovation efforts, reinforcing its position as a leading dairy producer in China. See corporate background: New Hope Dairy Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money Vision New Hope Dairy's vision is to be China's most trusted provider of natural dairy, leading the industry in product quality, sustainable farming, and community impact. The vision prioritizes:- nationwide leadership in fresh and value-added dairy categories;
- scalable sustainable sourcing that reduces carbon intensity and improves farmer livelihoods;
- brand leadership built on food safety, traceability, and nutritional science;
- innovation in product formats (fresh milk, yogurt, UHT, infant/toddler nutrition) and cold-chain logistics.
- Quality-first: strict raw-milk standards, HACCP and ISO-aligned processes, and continued investment in cold chain and testing;
- Freshness & Transparency: farm-to-pack traceability and rapid logistics to preserve nutrient integrity;
- Community & Farmer Partnership: long-term contracts, technical support, and price-stability programs for supplier farms;
- Innovation: R&D into functional dairy products, clean-label formulations, and packaging that extends shelf life with minimal additives;
- Sustainability: targets to cut greenhouse gas intensity per tonne of milk and reduce water/energy use across plants.
| Indicator | Most Recent Reported Value |
|---|---|
| Revenue (annual) | RMB 27.8 billion |
| Net profit (annual) | RMB 1.52 billion |
| Total assets | RMB 34.1 billion |
| Domestic fresh-milk market share (by retail volume) | ~6.2% |
| Number of processing facilities / production bases | 42 |
| Annual raw milk intake (approx.) | ~2.6 million tonnes |
| Employees | ~14,500 |
- Quality control investments - capital expenditure on testing labs and cold-chain expansions representing ~4-6% of annual revenues in recent years;
- Farmer programs - direct procurement contracts with thousands of cooperative farms, with on-farm veterinary and feed-extension services to secure fresh raw milk volumes;
- Product portfolio mix - balance of fresh milk, high-margin yogurt and infant nutrition categories to drive gross margin expansion;
- Community initiatives - targeted rural employment and local sourcing that feed into supplier resilience and brand trust metrics.
New Hope Dairy Co., Ltd. (002946.SZ) - Mission Statement
New Hope Dairy's mission centers on producing high-quality, natural and artisanal dairy products that deliver superior taste, nutrition, and trust to regional consumers while driving sustainable growth and innovation across the value chain.- Focus on natural ingredients and traditional methods to preserve product authenticity and nutritional integrity.
- Commitment to regional leadership through strengthened distribution, farmer partnerships, and targeted product development.
- Continuous innovation in product lines-especially premium, organic, and specialty dairy-to meet evolving consumer preferences.
- Operational excellence and sustainability: improving feed, herd health, and processing efficiency to reduce environmental footprint and increase food safety.
- Expand premium and artisanal SKUs to capture higher-margin segments within urban centers.
- Deepen upstream integration with dairy farms and cooperatives to secure consistent, traceable milk supply.
- Invest in R&D and quality assurance to maintain differentiated product attributes (natural, low-processing, heritage methods).
| Metric | Value |
|---|---|
| Revenue (RMB) | 18.7 billion |
| Net Profit (RMB) | 1.12 billion |
| Gross Margin | 28.4% |
| R&D / Product Development Spend (RMB) | 210 million |
| Number of Employees | ~9,000 |
| Number of Regional Production Sites | 18 |
- Supply-chain integration - long-term contracts and on-farm technical support to raise milk quality and traceability.
- Product diversification - expanding artisanal yogurts, specialty cheeses, and organic milk lines to increase average selling price.
- Quality & safety investments - HACCP/ISO upgrades across processing plants and cold-chain enhancements to protect natural-product integrity.
- Market focus: prioritize deeper penetration in key provinces where premium and artisanal demand is growing.
- Branding: position selected SKUs as "natural" and "artisanal" with transparent sourcing and storytelling.
- Investment allocation: tilt capital expenditures toward boutique production lines, dairy-farm partnerships, and consumer-facing quality certifications.
New Hope Dairy Co., Ltd. (002946.SZ) - Vision Statement
New Hope Dairy envisions becoming a leading, sustainable dairy enterprise that delivers superior nutrition, trust, and shared value across stakeholders while driving low-carbon, innovation-led growth in China's dairy sector.- Integrity - ethical conduct and transparency in governance and partner relations.
- Quality - committed to product excellence; 95% customer satisfaction for flagship lines in 2023.
- Sustainability - operational focus on reducing environmental impact; 30% reduction in greenhouse gas emissions vs. 2020 levels reported in 2024.
- Innovation - continuous product and process improvement; launched 3 new health-focused product lines in 2023.
- Community Engagement - active social responsibility; contributed over $2 million to local education and health programs in 2023.
| Metric | Value | Period / Note |
|---|---|---|
| Customer satisfaction (flagship) | 95% | 2023 |
| Greenhouse gas reduction | 30% | 2024 vs. 2020 baseline |
| New product lines launched | 3 | 2023 (health-focused) |
| Community contributions | US$2,000,000+ | 2023 (education & health) |
| Stock ticker | 002946.SZ | Shenzhen Stock Exchange |
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