Mengniu Group partners with Kingdee to lead the dairy industry’s high-quality development with digital intelligence

Recently, Inner Mongolia Mengniu Dairy (Group) Co., Ltd. (hereinafter referred to as “Mengniu Group” or “Mengniu”) officially started the global Treasury construction project in collaboration with Kingdee Software (China) Co., Ltd. (hereinafter referred to as “Kingdee”). Both parties will jointly promote the digitalization of cash management, online business settlement, automated monitoring and early warning, platformization of technical capabilities, and integration of global treasury for Mengniu Group based on the next-generation enterprise-level AI platform Kingdee Cloud Cosmic and the large enterprise SaaS management cloud Kingdee Cloud, fully empowering Mengniu’s global business for high-quality development.

Mengniu Dairy was established in 1999 in the Inner Mongolia Autonomous Region, with its headquarters located in Hohhot, consistently ranking among the top ten dairy companies in the world. Listed in Hong Kong in 2004 (stock code 2319.HK), it is a constituent stock of the Hang Seng Index, the Hang Seng China Enterprises Index, and the Hang Seng Sustainable Development Enterprises Index. COFCO Corporation is the largest strategic shareholder of Mengniu. Mengniu focuses on providing nutritious, healthy, and delicious dairy products for consumers in China and around the world, holding a leading market <Share>. Its top-notch quality and brand value are widely recognized both domestically and internationally, making it a global <Partner> of the Olympics, the official sponsor of the FIFA World Cup, the official <Partner> of the Chinese national team under the Chinese Football Association, and a strategic <Partner> in China’s aerospace endeavors.

During the “14th Five-Year” period, Mengniu, based on the new development stage and implementing the new development concept, leads the effort to build a new pattern for the development of China’s dairy industry. It has formulated a strategic plan to “create a new Mengniu again,” striving to make Mengniu a world-class enterprise that is beloved by consumers, internationalized, more responsible, culturally strong, and digitally intelligent. This cooperation is not only a proactive response to the national digital economy strategy and an important practice to promote the digital transformation of the dairy industry, but also meets the urgent requirement for the intelligent upgrade of cash management in Mengniu’s globalization development process. In the context of globalization, to achieve effective control over global fund management and cross-border capital flows, Mengniu needs to establish a comprehensive fund management system, through scientific systems and processes, to ensure that each link operates efficiently and safely, providing strong financial support for the company’s international layout.

Zhang Ping, Vice President and CFO of Mengniu Dairy, stated at the meeting that this treasury project, as one of the core and most important systems of the financial system, has a strong business association and high standards for risk control, making its construction extremely significant. Mengniu and Kingdee have collaborated for over twenty years, establishing a deep mutual trust and friendship early on. In this collaboration, Mengniu looks forward to applying the latest industry achievements through system iteration, deeply embedding the group’s management experience into the digital platform, striving to create a national benchmark for industry treasury management, while also establishing a digital model within COFCO. During the project implementation process, both parties should adhere to the principle of “balancing inheritance and innovation” to ensure resource investment protection. The Mengniu Digital Technology team must also fully support and cooperate to achieve efficient cash chain integration with a “zero tolerance” standard for cash management. Kingdee has rich cross-industry practical experience. Both project teams should adopt an open mindset to learn from each other, jointly promote system process optimization, and strive to create an innovative treasury system that integrates cutting-edge technology and management wisdom, thereby facilitating the high-quality development of Mengniu’s financial management.

Kingdee China’s Vice President and Co-President of the Operations Center, Ma Xingwang, first expressed his thanks for the trust and support from the Mengniu Group. He indicated that Mengniu Dairy, as a leading global dairy enterprise, has always been at the forefront of digital practices in the industry. The long-term cooperation with Mengniu has not only set a model for Kingdee but also verified the strategic value of the partnership. In recent years, Kingdee has continuously deepened product innovation, empowering product intelligent upgrades through AI technology. In this global treasury project, both parties will continue to adhere to a forward-looking layout, integrating the latest corporate management theories and practical results, with the construction and optimization of new treasury capabilities as the main line, promoting efficient collaboration in business, technology, and management. He emphasized that Kingdee will closely collaborate with various departments of Mengniu Group, focusing on practical business application scenarios, to address the pain points and challenges in cash management, financial sharing, investment and financing, supply chain finance, and accounting existence. They will deeply integrate intelligent digital concepts, methods, and technologies to achieve a comprehensive upgrade in financial management and control. Mengniu has been a strategic lighthouse client of Kingdee for 22 years. Kingdee feels a great sense of responsibility and will spare no effort in this cooperation to help Mengniu achieve an intelligent leap in global treasury management levels, jointly setting a new benchmark for digital transformation in the industry.