符合预期的业绩且强劲的合约销售，重申“收集” 港股每日快讯 利润率创历史最高，重申“收集” Q2 2016 results in line; On track to achieve business targets. Main tain BUY Smooth Growth in 1H16 Revenue; Expect Further Progress of Strategic Expansion Second Upward Revision in a Month. Maintain BUY. 1H16 results slightly below due to higher credit costs Resilient Business Model Proven in a Tough Market Core Mengniu business better than expected, consolidated numbers dragged down by Yashili and Modern Dairy Fuel price liberalization to take time; potential domestic M&A; project growth reiterated