Inner Mongolia Yili Industrial Group Co., Ltd., one of China's dairy industry 
giants based in Hohhot, the capital city of North China's Inner Mongolia 
autonomous region, reported an operating income of 56.51 billion yuan ($8.74 
billion) in the first six months of 2021, which is a year-on-year growth of 
18.89 percent, according to the company's performance report for the first half 
of 2021.

The company's net profit achieved 5.32 billion yuan, a year-on-year increase of 
42.48 percent, ranking Yili first in the Asian dairy industry for eight 
consecutive years.

Analysts pointed out that Yili's performance, despite the negative global 
economic impact of COVID-19, reflects China's rapid economic recovery and 
structural upgrading of its market demand. They said it was also a 
manifestation of Yili's long-term stable development due to its competitive 
advantages and anti-risk capabilities. 

During the first half of the year, the sales revenue of key products such as 
Anmuxi, Jindian and Changqing increased by 20.7 percent year on year, showing a 
rapid growth momentum. 

Kantar research data shows that as of June 2021, the company's market 
penetration rate of normal temperature liquid dairy products was 85.7 percent. 
The company's e-commerce business revenue increased 21.8 percent over the same 
period last year.

In addition, Yili was selected as the representative corporate deep dive for 
the agriculture and food sector, giving credit to its carbon reduction 
practices, according to the Corporate Net Zero Pathway that was released by the 
United Nations Global Compact on July 27.

Yili has been setting up a comprehensive organizational structure for 
decarbonization initiatives since 2010, and is the first dairy company in China 
to implement an independent carbon inventory. 

Source: Yili Group

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   Caption: Yili Group reports an operating income of 56.51 billion yuan in the 
first half of 2021.