Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, March 15 2022 - 20:35
AsiaNet
Yili Achieves an Operating Income of RMB 21.5 Billion in the First Two Months of 2022, Marking its Best-Ever Start to a Year
HOHHOT, China, March 15, 2022 /PRNewswire-AsiaNet/ --

-In January and February 2022, Yili achieved a 15% growth in operating income 
and a 20% increase in profits. 
-Yili registered an operating income of over RMB 10 billion in a single month, 
setting a new record for business growth. 

On March 10, Yili released its Announcement on the Main Operational Results in 
January and February of 2022. It is preliminarily calculated that the Company 
realized an operating income of about RMB 21.5 billion, up 15% year-on-year and 
total profits of around RMB 3.3 billion, up 20% year-on-year in January and 
February 2022.

Guided by its New Vision for Value Creation, Yili actively seized the 
opportunities created by growth in overall consumption and achieved the 
best-ever start to a year in history, with a single-month operating income of 
over RMB 10 billion. 

Exceptional performance in product categories

Yili continuously optimized its product portfolio, upgraded the product lines 
and offered richer product experience to consumers. In January and February 
2022, the business segments of liquid milk, milk power and dairy products, and 
ice cream maintained strong growth momentum. Satine, Ambrosial, Jinlingguan, 
Chocliz, Gemice, Chang Qing, Meiyitian and Cheese Bars for Kids saw a 
3-percentage-point YoY growth in the market share, further expanding the scale 
of Yili's high-end niche market and maintaining its leading position in market 
share of high-end products. 

The second growth curve

As sales of Jinlingguan infant formula milk powder grow rapidly and the cheese 
business doubles, Yili is now on its way to establishing a second growth curve. 
In January and February, the sales revenue of Jinlingguan rose by at least 30% 
year on year, ranking first in the industry. 

In February, Yili took the lead in upgrading the formula of Jinlingguan infant 
formula milk powder and became the only leading milk power producer to meet the 
strict new national standard. In addition, Yili has just entered into an 
agreement to acquire Ausnutria by way of a tender offer. After the merger, Yili 
will see fast growth in its milk power business. Yili's cheese segment is also 
growing rapidly. The market share of its cheese products expanded by 3 
percentage points year-on-year in January 2022.

Strong milk supplies 

At present, Yili enjoys quality milk supplies from Youran Dairy, the largest 
cow breeder in China, and Zhongdi Dairy, and has also acquired Westland Dairy, 
the second largest dairy company in New Zealand. Additionally, Yili has 
empowered its cooperative farms with funding, training and other quality 
resources. With the acquisition of Ausnutria, which holds rich dairy resources 
in the Netherlands and Australia, Yili will further enhance its advantages in 
milk supply. 

Moreover, Yili also has 15 R&D innovation centers and 13 overseas production 
bases and sells its products to over 60 countries and regions in the world. 
Yili is confident that it will achieve robust growth in the future.

Source: Yili Group

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   Link: http://asianetnews.net/view-attachment?attach-id=417161

   Caption: Yili released its Announcement on the Main Operational Results in 
January and February of 2022

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