PR92733

HOHHOT, China, Nov. 1, 2021/PRNewswire=KYODO JBN/--

On October 28, 2021, Yili Group released its financial results for the first

three quarters of 2021. During the period, Yili achieved a total operating

revenue of RMB85.007billion and a net profit of RMB7.967billion, representing a

year-on-year increase of 15.23% and 31.82%, respectively. Both indicators

reached a record high, and the profit growth of more than 30% far outstripped

expectations.

Yili's net profit in the first three quarters has exceeded that of last year,

signaling a new outlook for the company's growth prospects. The performance

also indicated that Yili is now expected to become the first dairy company in

Asia to exceed RMB100billion in revenue.

As Pan Gang, the Chairman of Yili Group, said, "We will invest more in the

tracks focused on new consumption trends and aspire to do our best in each of

them. We will also accelerate our digital transformation to boost the overall

operational efficiency of the Group, in a bid to achieve our strategic

objectives."

Core products maintain stable growth, while new growth drivers emerge

Yili has continued to stand out as the pacesetter of the market in liquid milk,

ice cream, and other products. Yili Satine Organic Milk, AMBPOMIAL, and

Changqing have clinched first place in their respective market segments.

New product sales have risen strongly, with brand potential beginning to emerge

as the new force underpinning Yili's performance growth. High-growth

categories, including cheese, mineral water, low-temperature milk, and milk

formula, have all sustained rapid growth.

Yili's Xinhuo adult milk powder has led the market segment in sales volume,

while Jinlingguan has been the infant formula brand which has seen the most

rapid growth in China's market. During the first three quarters of 2021, Yili's

infant formula category has reached a growth rate of more than 30%

year-on-year.

Yili has now covered major consumption scenarios of cheese. The first three

quarters saw a year-on-year increase of 180% in the total retail sales of

Yili's cheese business.

Strengthening infant formula leadership and entering the nutrition product

market

Yili has proactively enriched categories and its strategic cooperation since

the beginning of 2021.

On October 27, 2021, Yili joined hands with goat milk leader Ausnutria Dairy

and became the latter's largest shareholder. Ausnutria also features a

comprehensive layout in nutrition products and has been licensed with China's

quality mark for healthcare products. This will significantly facilitate Yili's

future expansion in the health food market.

Digitalization empowers the industry to improve operational efficiency

Yili has established a dedicated team working in digitalization since 2019 and

has developed its digitalization-oriented transformation strategy for the next

decade, laying out a roadmap for marketing, products and supply chains.

"Digital transformation should be accelerated to ensure our consumer-oriented

practice in terms of brand-building and product innovation. That is the major

task for Yili in 2021," according to Pan Gang.

SOURCE:Yili Group

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   Link: http://asianetnews.net/view-attachment?attach-id=405967

   Caption: Yili Group Reports Operating Revenue of RMB 85 Billion in the First Three

Quarters of 2021, with a Net Profit Growth of Over 30%