Country for PR: China
Contributor: Xinhua News Agency
Friday, September 01 2023 - 18:51
Yili Achieves Growth in Operating Revenue and Net Profit in the First Half of 2023
HOHHOT, China, Sept. 1, 2023 /Xinhua-AsiaNet/--

According to Yili's 2023 H1 report released on August 28, the company's total 
operating income increased by 4.31% year on year to 66.197 billion yuan and its 
net profit grew by 2.85% to 6.314 billion yuan in the first half of 2023, 
setting new records in the dairy industry of Asia.

Yili is also the only Chinese dairy company to have secured a slot in the top 
rankings of dairy companies worldwide. In Rabobank's 2023 Global Dairy Top 20 
published on August 29, Yili remained among the top 5 for the fourth 
consecutive year, still the only Chinese company to be in the top 5.

One of Yili's strengths lies in its well-balanced business structure as it 
leads the industry in every category. During the reporting period, the 
company's liquid milk business registered an operating revenue of 42.423 
billion yuan, No. 1 in the industry in terms of both scale and market share; 
the milk powder and dairy product business raked in 13.521 billion yuan of 
operating revenue, up 12.01%, leading the whole industry in a gloomy market; 
ice cream achieved an operating revenue of 9.158 billion yuan, up 25.54%, a far 
higher growth rate than the industrial average and top of the market segment in 
terms of both scale and market share.

In overseas markets, Yili has been improving its global supply network which 
drove the expansion of sales. During the reporting period, Yili's international 
business continued to deliver two-digit growth in operating revenue, attaining 
an increase of 19.9%.

It is noteworthy that Yili, as an industrial leader, has adhered to its pursuit 
of sustainable development in addition to better business results, striving for 
an excellent integration of commercial value and social value.

In its latest ESG ratings, Morgan Stanley gave Yili a rating of A, the highest 
among all Chinese dairy companies listed on the A-share market. This result 
from MSCI, a top ESG rating agency of the world, represents, once again, 
recognition for Yili's many years of efforts in ESG.

Adhering to its sustainable development strategy for years, Yili has pioneered 
many good practices in ESG. In pursuit of green and low-carbon development, 
Yili released the first roadmap towards the "dual carbon" goals in China's 
dairy industry, achieved carbon peaking in 2012, and committed to attaining 
carbon neutrality along the whole industrial chain by 2050. It has also 
delivered the first net zero carbon factory and a number of net zero carbon 
products, first of their kinds, in China's food industry.

As an industrial leader, Yili has committed to cooperation, innovation, 
digitalization, and green development. It supports partners upstream and 
downstream the industrial chain with technology, funding and many other means 
via a number of incentive-based mechanisms, so that while laying a solid 
foundation for the dairy industry, Yili and its partners can leverage their 
respective advantages to achieve the greatest synergy possible across the 
industrial chain.

Towards the future, Yili, pursuing its New Vision for Value Creation, will join 
hands with global partners, especially partners along the industrial chain, to 
create value, share benefits, and move faster towards the goal of becoming the 
most trusted global healthy food provider.

Source: Yili Group

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   Caption: Yili achieves growth in operating revenue and net Pprofit in the 
first half of 2023.