On October 29, Yili, the Asian dairy giant, posted RMB 73.77 billion in revenue 
and RMB 6.044 billion in net profit for the first three quarters of 2020, a 
solid year-on-year increase of 7.42% and 7.00% despite the challenging 
conditions. 

The business figure reflects the strategic improvement of the overall industry 
chain. The firm offered RMB 5.2 billion in financing from January to September 
2020 to support the upstream suppliers with capital, technical services, good 
breeding cows, and forage planting, etc.

In addition, the industrial leader provided donations and protective supplies 
to help its partners across the industry chain.

Yili also undertook alternative retail models, online retailers, social 
marketing, O2O home delivery and unmanned convenience stores to ensure its 
continued providing of nutrition and health to the consumers during the COVID 
-19 lockdowns. 

Pan Gang, Chairman and President of Yili, highlighted the importance of 
consumers to Yili's future development: "Consumers are fundamental to the 
business growth, and everything we do should be centered upon our consumers."

As one of the Top 5 Global Dairy, Yili upgraded its corporate culture in early 
2020 to attract talents from different countries with diverse cultural and 
educational backgrounds to support the long-term healthy development of the 
firm. 

The core values of Yili are Excellence, Accountability, Innovation, Win-win, 
and Respect. Yili aims to become the world's most trusted global healthy food 
provider.

Source: Yili Group

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   Caption: Yili released financial report for the first three quarters of 2020