Inner Mongolia Yili Industrial Group Co., one of China's dairy industry giants, 
reported an operating income of 85 billion yuan ($13 billion) in the first 
three quarters of 2021, a year-on-year growth of 15.23 percent, according to 
the company's performance report released on Oct 28.

During the period, net profits stood at 7.97 billion yuan, a year-on-year 
increase of 31.82 percent.

According to the performance report, Yili's liquid milk, cold drinks and other 
businesses continue to maintain an absolute market leadership position. Yili's 
high-growth categories such as cheese, mineral water, low-temperature milk, and 
formula milk powder have maintained rapid growth.

Statistics show that in the nine-month period, Yili's infant formula business 
has achieved year-on-year growth of more than 30 percent.

The latest data from Nielsen shows that in September 2021, Jinlingguan, Yili's 
infant formula milk powder brand, became the fastest growing infant formula 
brand in the Chinese market.

Yili invested in Ausnutria Dairy Corporation and became its biggest shareholder 
on Oct 27, bolstering its position in the infant formula milk powder and 
nutritious food sector.

The two will cooperate in terms of supply chain, channels, and product layout.

Yili's smart factory has realized unmanned and intelligent management and 
control, and guarantees the highest possible quality for its products.

Source: Yili Group

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   Caption: A promotional poster for Yili Group

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   Caption: A selection of dairy products made by Yili Group