{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX/02319",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# MENGNIU DAIRY (Main Board: 02319) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is MENGNIU DAIRY, listed on the Main Board of the Hong Kong exchange under ticker 02319, with ISIN KYG210961051 and LEI 2549005Q343BSJ8RSS21. Its security type is Corporate and its jurisdiction is Cayman Islands (KY). The segment is not on the record, and the sector is not on the record, because the List of Securities does not carry the industry classification. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 109 filings in the window 2025-11-04 to 2026-11-04, across 91 filing days. The median gap between filing days is 2.0 days. The latest filing is dated 2026-11-04, is a monthly return, and falls on the record date, so the days from latest filing to record date is 0. Exchange peers on the Main Board carry a median of 46.0 filings, a median cadence gap of 9.0 days and a median latency of 2.0 days, across 2472 issuers. The sector-peer comparison is not on the record for this market.\n\n## Auditor\n\nThe auditor of record is KPMG. The auditor's location is not on the record. The record does not carry auditor changes for this issuer.\n\n## Events and halts\n\nThe record does not carry listing, delisting, name change, domicile change or segment move events for this issuer, because no lifecycle type map is in place for this register. The halt flag is clear: the issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the client category cannot be named. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 21 research houses: ABCI, BOCI, BofA Securities, CCBI, Goldman Sachs, Guotai Junan, Haitong International, Hua Chuang Securities, Huatai, Huaxi Securities, Industrial Securities, JP Morgan, Macquarie, Morgan Stanley, Morningstar, Orient Securities, Sinolink, Soochow Securities, SPDB International, UBS and UOB Kayhian.\n\n## Open research\n\nNo openly published research notes were found on the record for this issuer.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer's years are not sealed in the store as served, and the market's vintage is not sealed. The live record began on 2026-09-12. The years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but are not served as of a date. The as-of door answers not_sealed.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/2549005Q343BSJ8RSS21 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.hk-cm-kg.ai/events/HKEX/02319 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042703200.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mengniuir.com/en/analyst.aspx (coverage)\n- https://mcp.hk-cm-kg.ai/record/HKEX/02319 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "annual report 2026-04-27 (HKEXnews), Corporate Information, read by Tavily page extraction",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042703200.pdf",
    "state": "confirmed",
    "value": "KPMG"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX/02319",
  "coverage": {
   "count": 21,
   "houses": [
    {
     "analyst": "Paul Pan",
     "house": "ABCI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Tony Li",
     "house": "BOCI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Chen Luo",
     "house": "BofA Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Anita Chu",
     "house": "CCBI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Leaf Liu",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Andy Chen",
     "house": "Guotai Junan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Hongwei Wen",
     "house": "Haitong International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Yu Ouyang",
     "house": "Hua Chuang Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Yuanyue Gong",
     "house": "Huatai",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Xing Kou",
     "house": "Huaxi Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Bo Zhang",
     "house": "Industrial Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Kevin Yin",
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Linda Huang",
     "house": "Macquarie",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Lillian Lou",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Jacky Tsang",
     "house": "Morningstar",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Shuhuai Ye",
     "house": "Orient Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Chenqian Liu",
     "house": "Sinolink",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Yun Zhou",
     "house": "Soochow Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Richard Lin",
     "house": "SPDB International",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Nina Jiang",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Shirley Wang",
     "house": "UOB Kayhian",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://mengniuir.com/en/analyst.aspx",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://mengniuir.com/en/analyst.aspx",
     "result": "read: 21 of 21 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2472,
     "median_cadence_gap_days": 9,
     "median_filings": 46,
     "median_latency_days": 2,
     "name": "Main Board"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 4,
    "announcement": 4,
    "annual_report": 1,
    "circular": 5,
    "director_change": 1,
    "dividend": 3,
    "esg_report": 2,
    "interim_report": 1,
    "monthly_return": 13,
    "next_day_disclosure": 73,
    "results": 2
   },
   "cadence_median_gap_days": 2,
   "filing_days": 91,
   "filings": 109,
   "latency_days": 0,
   "latest": [
    {
     "category": null,
     "date": "2026-11-04",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1104/2026110400592.pdf",
     "title": "Monthly Return Of Equity Issuer On Movements In Securities For The Month Ended 31 October 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-10-28",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1028/2026102800354.pdf",
     "title": "Next Day Disclosure Return",
     "type": "next_day_disclosure"
    },
    {
     "category": null,
     "date": "2026-10-27",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1027/2026102700376.pdf",
     "title": "Next Day Disclosure Return",
     "type": "next_day_disclosure"
    },
    {
     "category": null,
     "date": "2026-10-22",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1022/2026102200505.pdf",
     "title": "Next Day Disclosure Return",
     "type": "next_day_disclosure"
    },
    {
     "category": null,
     "date": "2026-10-07",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1007/2026100701354.pdf",
     "title": "Next Day Disclosure Return",
     "type": "next_day_disclosure"
    }
   ],
   "latest_filing_date": "2026-11-04",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/02319",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Main Board"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "KYG210961051"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (legal jurisdiction)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/2549005Q343BSJ8RSS21",
    "state": "sourced",
    "value": "Cayman Islands (KY)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-04",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN KYG210961051)",
    "state": "sourced",
    "value": "2549005Q343BSJ8RSS21"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "MENGNIU DAIRY"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "02319"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:2b46013e124477c953875950fc83725111f90b3da4c6e9d2db80e5173b512a55",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX/02319",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:2b46013e124477c953875950fc83725111f90b3da4c6e9d2db80e5173b512a55",
 "path": "/hk/HKEX/02319",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is MENGNIU DAIRY, listed on the Main Board of the Hong Kong exchange under ticker 02319, with ISIN KYG210961051 and LEI 2549005Q343BSJ8RSS21. Its security type is Corporate and its jurisdiction is Cayman Islands (KY). The segment is not on the record, and the sector is not on the record, because the List of Securities does not carry the industry classification. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 109 filings in the window 2025-11-04 to 2026-11-04, across 91 filing days. The median gap between filing days is 2.0 days. The latest filing is dated 2026-11-04, is a monthly return, and falls on the record date, so the days from latest filing to record date is 0. Exchange peers on the Main Board carry a median of 46.0 filings, a median cadence gap of 9.0 days and a median latency of 2.0 days, across 2472 issuers. The sector-peer comparison is not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is KPMG. The auditor's location is not on the record. The record does not carry auditor changes for this issuer.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record does not carry listing, delisting, name change, domicile change or segment move events for this issuer, because no lifecycle type map is in place for this register. The halt flag is clear: the issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the client category cannot be named. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 21 research houses: ABCI, BOCI, BofA Securities, CCBI, Goldman Sachs, Guotai Junan, Haitong International, Hua Chuang Securities, Huatai, Huaxi Securities, Industrial Securities, JP Morgan, Macquarie, Morgan Stanley, Morningstar, Orient Securities, Sinolink, Soochow Securities, SPDB International, UBS and UOB Kayhian.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record for this issuer.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer's years are not sealed in the store as served, and the market's vintage is not sealed. The live record began on 2026-09-12. The years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but are not served as of a date. The as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/2549005Q343BSJ8RSS21"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/02319"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042703200.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://mengniuir.com/en/analyst.aspx"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX/02319"
  }
 ],
 "title": "MENGNIU DAIRY (02319) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}