China's largest dairy producer, Inner Mongolia Yili Industrial Group Co., Ltd., 
posted a 17.1 percent year-on-year increase in revenue over the first three 
months of this year, according to the financial report it released on April 25.

Yili said its revenue reached nearly 23.13 billion yuan ($3.43 billion) in the 
first quarter, with a net profit of 2.28 billion yuan.

Its strong performance over the first three months brings the company closer to 
its goal of 90 billion yuan in revenue in 2019.

In 2018, the company earned nearly 80 billion yuan in revenue, and 6.45 billion 
yuan in net profit, consolidating the firm's position as the top dairy company 
in Asia.

Pan Gang, chairman of the company, said that Yili's growth is a result of its 
continuous efforts to utilize global personnel and techniques, enhance its 
products, and improve its industrial chain.

Over the past several years, Yili has launched a variety of products including 
energy drink Huanxingyuan, soy milk Planted Selected, and even a brand of 
bottled mineral water. These products have shown popularity among consumers 
throughout China.

"In this rapidly changing and increasingly competitive environment, Yili Group 
has led the country in integrating resources and meeting consumer demands, 
making great contributions to the reshaping of the market landscape," said Shen 
Meng, executive chairman of Chanson Capital.

For years, the company has been establishing close relationships with ranches 
and dealers, providing it with a solid foundation for furthering its 
development.

Source: Yili Group

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   Caption: Chinese dairy company Yili Group reports a 17.1 percent 
year-on-year increase in revenue in Q1 this year.