Yili Group reports record revenue and profit in FY2024 H1, leading in Asian dairy market.

From GlobeNewswire: 2024-09-02 08:51:00

Yili Group’s FY2024 H1 report reveals a total revenue of 59.915 billion yuan ($8.45 billion) and a net profit of 7.531 billion yuan ($1.06 billion), setting a new record in the Asian dairy industry. The company secured a top-five spot in the 2024 Global Dairy Top 20 Report and led in various market segments.

The company’s liquid milk business generated 36.887 billion yuan ($5.20 billion), while the milk powder and related businesses saw a 7.31% YoY revenue increase. Yili’s ice cream business brought in 7.322 billion yuan ($1.03 billion), maintaining its market leadership for 29 consecutive years. Innovation efforts led to flagship new products contributing 15.2% to total revenue.

Yili Group’s internationalization strategy saw a 4% YoY growth in overseas revenue, with products exported to over 60 countries and regions. Core products like AMBPOMIAL yoghurt and Youngfun milk beverage gained approval from the U.S. FDA, expanding the company’s presence in global markets. Yili continues to lead in Thailand and Indonesia with ice cream brands like Cremo and Joyday.

Yili Group prioritizes sustainability, releasing an ESG value accounting report showing positive impact values and external donations in 2023. The company received an AA rating in MSCI’s 2024 ESG ratings, highlighting four years of continuous improvement. Yili integrates UN SDGs into its strategy, collaborating with partners to reduce carbon footprint and promote water conservation.



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