Country for PR: China
Contributor: Xinhua News Agency
Friday, April 29 2022 - 22:07
AsiaNet
Yili Group reports annual operating income of 111 billion yuan
HOHHOT, China, Apr. 29, 2022 /Xinhua-AsiaNet/--

Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. - based in 
Hohhot, capital of North China's Inner Mongolia region - reported an operating 
income of 110.6 billion yuan ($16.76 billion) in 2021, a year-on-year increase 
of 14.15 percent.

The company, known for short as Yili Group, also posted a net profit of 8.73 
billion yuan, a year-on-year increase of 23 percent, according to its 2021 
annual report released on April 27.

With its latest robust results, Yili became the first dairy company in Asia 
with an annual operating income exceeding 100 billion yuan.

According to the 2022 first-quarter report released on the same day, Yili 
achieved a total operating income of 31.05 billion yuan in Q1, up 13.47 percent 
on the previous corresponding period, while net profit was 3.51 billion yuan, 
up 24.08 percent.

As a leading dairy company in China, Yili has integrated its international 
high-quality resources and comprehensively promoted the development of the 
industry.

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

Boosted by continued product and technological innovation, Yili's traditional 
liquid milk and cold drinks last year posted operating income of 84.91 billion 
yuan and 7.16 billion yuan respectively, up 11.54 percent and 16.28 percent 
year-on-year, ranking them first in the Chinese market.

Sales revenue of key products, such as Satine, Ambrosial and Jinlingguan, 
continued to show growth in 2021.

While ensuring the safety of its dairy products, the company also conducts 
in-depth research into consumer preferences, to provide customers with a raft 
of innovative products.

Source: Yili Group

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=420245

   Caption: Yili Group is currently flying high. It posted operating income of 
110.6 billion yuan in 2021, up 14.15 percent.

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