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Yili reports double-digit revenue growth in mid-year report 2023

2023-08-30 (chinadaily.com.cn)

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Yili records semi-year operating income of 66.2 billion yuan. [Photo provided to chinadaily.com.cn]

Yili Group, a leading dairy company, released its mid-year report on Aug 28, showcasing remarkable growth and achieving new milestones in the first half of the year.

During the period, the company's total revenue increased by 4.31 percent year-on-year, reaching 66.2 billion yuan ($9.08 billion), while net profit rose by 2.85 percent year-on-year, amounting to 6.314 billion yuan.

Yili has not only emerged as the sole comprehensive and large-scale dairy enterprise to maintain steady revenue and net profit growth for three consecutive years but also the only Chinese dairy company firmly positioned within the top tier of the global dairy industry.

Additionally, Yili's brand value witnessed a staggering 17-percent increase in the 2023 Brand Finance Global Top 10 Most Valuable Dairy Brands list, securing the top position for the fourth consecutive year. These achievements reflect the thriving value and vitality of China's dairy industry brands.

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Ice cream products launched by Yili. [Photo provided to chinadaily.com.cn]

Over the course of the last three decades, Yili's remarkable achievements have been underpinned by a steadfast pattern of growth, thus resoundingly cementing its role as a pioneering force within the worldwide dairy industry. The company has consistently prioritized quality, innovation, and customer satisfaction, solidifying its reputation as a trusted brand both domestically and internationally.

Looking ahead, Yili is committed to further enhancing its research and development capabilities, expanding its product portfolio, and exploring new markets globally. With its unwavering commitment to excellence, Yili is set to continue leading Asia's dairy industry and contribute to the development of China's dairy sector on a global scale.

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An intelligent workshop of Yili. [Photo provided to chinadaily.com.cn]