Yili Group released its financial results for the first three quarters of 2021. During the period, Yili achieved a total operating revenue of RMB 85.007 billion and a net profit of RMB 7.967 billion, 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, signalling 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 RMB 100 billion in revenue.
Said As Pan Gang, Chairman, Yili Group: “In the future, 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.”
Yili has shown strong growth momentum while maintaining a stable performance in its traditional competitive categories and the company has continued to stand out as the pacesetter of the market in liquid milk, ice cream, and other products.
The first three quarters saw a year-on-year increase of 180% in the total retail sales of Yili’s cheese business. Yili has now covered major consumption scenarios of cheese, by innovatively launching signature products for children, such as Cheese Bars for Kids and Squeezable Cheese, as well as an adult cheese snack called Pocket Cheese.
Yili has proactively enriched categories and its strategic cooperation since the beginning of 2021 and has strengthened its competitiveness in the cheese category by increasing investment in its subsidiary Yili Good Cheese. For more visit yili.com/en/index