On August 17, Rabobank published its 2022 Global Dairy Top 20 Report, which 
showed that Yili Group remains among the global top five with turnover[1] of 
USD 18.2 billion, firmly holding onto its top leadership position in Asia for 
the ninth consecutive year.

Yili also achieved the highest growth rate – 31.7% – among the top 20.The 
company has drastically reduced the margins between the top four while making 
it challenging for the rest of those on the ranking to catch up by maintaining 
a strong momentum.

Asia's first dairy company to exceed RMB 100 billion in turnover

This year, the Rabobank Report highlights even more intense competition across 
the industry. Due to its acquisition of Ausnutria Dairy and strong domestic 
sales growth, Yili has become Asia's first dairy producer to exceed RMB 100 
billion (USD 14.85 billion) in turnover.

Innovation has helped Yili maintain its market leadership in its long-standing 
core liquid milk and ice cream businesses. The parent brand Yili and subsidiary 
brand Satine, AMBPOMIAL all broke the record of RMB 20 billion (USD 2.97 
billion) in annual sales.

The milk powder and cheese businesses are also emerging rapidly. Yili's retail 
sales of cheese products increased 6.3% YoY in market share. The Jinlingguan 
brand topped the milk powder segment regarding its growth rate.

Facilitating development across the entire industry

In addition to rapid growth, Yili has been making its contribution to the 
industry by promoting win-win collaborations across the industrial chain, 
global operations, and sustainable development.

In China, the newly launched Yili Future Intelligence and Health Valley – 
hailed as the "Dairy Silicon Valley" – houses the world's largest production 
bases in terms of its production capacity, featuring the highest level of 
digitization and the most advanced technologies in the industry.

Yili is also accelerating the build-out of a global network in major markets. 
The FY2021 Report shows that Yili achieved an 8% growth in its overseas 
revenue, with its products covering over 60 countries and regions across five 
continents. In Indonesia, Yili's first self-built ice cream production base has 
been put into production, forming a "dual center" (the other center is located 
in Thailand) targeting SEA consumers. By upgrading the production system and 
doubling the capacity of its Hokitika butter plant, its subsidiary Westland has 
effectively expanded the market share for Westgold butter.

This year, Yili took the lead in China's food industry by releasing its Plan 
for a Net-Zero Carbon Future and Roadmap to A Net-Zero Carbon Future. In 
addition to establishing China's first net-zero carbon food factory, Yili has 
launched China's first net-zero carbon dairy product series, including milk, 
yogurt, organic milk powder, and ice cream.

($1 is approx. equal to RMB 6.74)

SOURCE  Yili Group

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   Caption: With the World’s Top Growth Rate, Yili Group Once Again Secures its 
Place Among the Top Five