2024-03-27 05:27:07 ET
China Mengniu Dairy Company Limited (CIADF)
Q4 2023 Earnings Conference Call
March 26, 2024, 09:30 PM ET
Company Participants
Lu Minfang - Vice Chairman and Executive Director
Gao Fei - CEO and Executive Director
Zhang Ping - CFO
Li Pengchen - VP, Group Affairs Head
Conference Call Participants
Xiaopo Wei - Citi
Chen Luo - Bank of America
Lillian Lou - Morgan Stanley
Presentation
Unidentified Company Representative
Investors, analysts, reporters, good morning. The 2023 Annual Results Announcement of China Mengniu begins now. On behalf of China Mengniu, I would like to welcome you all to this session and for your long term support and interest and investment into China Mengniu, I would like to express my gratitude.
Now let me introduce to you our management. They are Vice Chairman and Executive Director, Mr. Lu Minfang; Chief Executive Officer and Executive Director, Mr. Gao Fei; Vice President and Executive Director, Ms. Wang Yan; Chief Financial Officer, Mr. Zhang Ping; Vice President, Mr. Luo Yan; Vice President, Strategy management person in charge, Chen Yiyi; Vice President, Group Affairs Head, Mr. Li Pengchen; Company Secretary, Mr. Chris Kwok.
Now let's begin the first part of today's session. Mr. Lu will go through the company's 2023 results. Mr. Lu, please?
Lu Minfang
Investors, analysts, media friends, good morning.
Yesterday, I believe you read the company's announcement. You may be surprised. However, based on some strategic considerations that is an important decision of the Board and the Board and the company's management hope to continue to make our company stronger and bigger. That's a signal and confidence on our part.
So I believe friends will have confidence in our company. Mengniu will continue the growth of existing business and also we will expedite innovative business and globalization strategies. We will develop young and next-generation management leaders. We'll continue to create value for our investors and working partners.
Yesterday was 26th March. Today I'm in the capacity of Vice Chairman and Executive Director. So I would like to express this on behalf of the Chairman. This adjustment to the Board will be beneficial to the overall development of China Mengniu, and it can maintain long-term stability and achieve high quality development for the company....
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China Mengniu Dairy Company Limited (CIADF) Q4 2023 Earnings Call Transcript