Dairy giant Inner Mongolia Yili Industrial Group Co - based in Hohhot, North 
China's Inner Mongolia autonomous region - showed strong performance in the 
first half of 2020, according to numbers recently posted by the company.

Yili reported a total operating income of 47.528 billion yuan ($6.896 billion) 
in the first half of 2020, a year-on-year growth of 5.45 percent. After 
deducting non-recurring gains and losses during the period, the net profit was 
3.766 billion yuan, a year-on-year increase of 7.02 percent.

The latest figures capped off a consistently strong run by the company, ranking 
Yili first in the Asia dairy industry in terms of total operating income, net 
profit, market share and total asset turnover.

The latest data shows that Yili's current production and sales have now fully 
recovered in the wake of the COVID-19 outbreak - revealing a rapid rebound far 
exceeding its industry and underscoring the company's ability to ride out 
challenging situations. 

Yili's dairy products are proving increasingly attractive to consumers. They 
experienced strong sales in the first half of 2020. 

While adhering to quality standards, Yili is also continuously promoting a big, 
multi-category and healthy layout through its innovation strategy. To ramp up 
its corporate development, Yili has placed a great deal of emphasis on 
innovation.

In the first half of 2020, Yili successively launched new, high-quality health 
and nutrition products to serve global consumers. New product sales revenue 
accounted for 15.3 percent of Yili's total sales revenue during the reporting 
period.

Source: Yili Group

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   Link: https://iop.asianetnews.net/view-attachment?attach-id=370479

   Caption: Dairy giant Yili continues to move from strength to strength. It 
posted a total operating income of 47.528 billion yuan in the first half of 
2020.