PR95763

HOHHOT, China, April 30, 2022 /PRNewswire=KYODO JBN/ --

- The Result meets the company's RMB 100 billion target for FY2021 with the

company also delivering a strong start to FY2022 in the first quarter

- Despite ongoing issues related to COVID-19, the company continues to post

strong increases in revenue and profit

Global dairy giant Yili Group has become Asia's first dairy producer to post

annual revenue exceeding RMB 100 billion, consolidating the company's dominance

in the region.

Total revenue for the company in 2021 was RMB 110.595 billion, up 14.15% year

on year, and more than RMB 13.7 billion compared to the previous year. Net

profit jumped 23% year on year to reach RMB 8.732 billion.

First-quarter results for 2022 revealed the overall revenue for Yili Group was

RMB 31.047 billion, an increase of 13.47% year on year. Net profit rose by

24.08% year on year to reach RMB 3.508 billion.

Pan Gang, Chairman and President of Yili Group, noted that Yili will work at

full capacity to ensure a sufficient supply of dairy products under the ongoing

epidemic. The company will keep working with partners to meet customers' health

needs, as well as to create value for employees, investors and society.

Core products continue to top the market

Yili's core products maintained strong momentum in 2021 due to the company's

investment in product innovation, product portfolio optimization and channel

expansion.

Its major liquid milk business generated revenue of RMB 84.911 billion, up

11.54% year on year, and continues to top the dairy market. Yili Pure Milk,

Satine Pure Milk and the AMBPOMIAL Yoghurt Series set record annual sales of

RMB 20 billion. Satine Organic Series continued to rank first in the organic

milk segment in 2021. The ice cream sector generated RMB 7.161 billion for Yili

in revenue, up 16.28% year on year.

New growth drivers emerge with the milk powder business leading the run

In FY2021, the company's milk powder and related businesses generated RMB

16.209 billion in revenue, an increase of 25.80% year on year, showing strong

growth momentum. In the high-potential cheese sector, Yili's cheese business

grew by more than 150% year on year.

Company R&D expenditure grew 23.39% to RMB 601 million, a figure significantly

higher than the industry average.

Yili continues strategic expansion throughout the industrial chain

In March 2022, Yili completed the formal acquisition of Ausnutria Dairy. The

company founded a cheese company in response to rapid growth in the industry.

Yili's main products have now entered markets across five continents and more

than 60 countries and regions, with revenue from its overseas business growing

by 8% year on year. Strong examples of the company's overseas achievements

include its ice cream production base in Indonesia and the upgrading of the

Westland factories.

SOURCE  Yili Group

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   Caption: Yili Becomes Asia's First Dairy Producer to Exceed RMB 100 Billion in Annual

Revenue