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Yili Group records Jan-Feb operating revenue of 21.5b yuan

2022-03-11

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Jindian is one of the major dairy products from the Yili Group. [Photo provided to chinadaily.com.cn]

Inner Mongolia Yili Industrial Group Co, one of China's dairy giants, reported an operating income of 21.5 billion yuan ($3.4 billion) in the first two months of the current year, representing a year-on-year increase of 15 percent.

The total profit during the two-month period was around 3.3 billion yuan, for a year-on-year growth rate of more than 20 percent.

According to the operations update for January to February released by the company, Yili is continuing to optimize its product structure, upgrade product lines and provide consumers with a better product experience.

From January to February, Yili's liquid milk, milk powder and dairy products, and cold drinks business reportedly maintained a robust growth trend.

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An array of Yili's major dairy products. [Photo provided to chinadaily.com.cn]

The latest data from consultants Nielsen showed that in January, the company's room temperature white milk increased by 12.6 percent year-on-year, of which the leading product Jindian increased by 15.1 percent, ranking it first in the category.

With the rapid rise of Jinlingguan infant formula milk powder, the company's cheese business has doubled.

Data showed that from January to February, sales of Jinlingguan increased by more than 30 percent year-on-year, ranking it first in the sector.

Yili cheese is also growing rapidly. According to Nielsen data, the market share of Yili cheese in January 2022 increased by 3 percentage points year-on-year. The total internal sales data from January to February doubled year-on-year, while the growth rate was found to be much higher than that of the cheese industry.