CHINA -Yili, a prominent player in the dairy industry, has released its 2023 H1 report revealing a 4.31% year-on-year surge in total operating income, reaching an impressive US$10.24 billion.
Additionally, Yili’s net profit experienced substantial growth, rising by 2.85% to reach US$978.37 million during the first half of 2023.
The remarkable achievements have solidified Yili’s position as a leader in the Asian dairy industry, setting new records.
In Rabobank’s 2023 Global Dairy Top 20, released on August 29, Yili maintained its position within the top 5 for the fourth consecutive year.
The remarkable feat underscored Yili’s sustained excellence on the global stage, making it the sole Chinese company among the top 5 worldwide.
During the reporting period, Yili’s liquid milk business achieved an impressive operating revenue of US$6.59 billion, dominating both in scale and market share.
The milk powder and dairy product segment reported an operating revenue of US$2.10 billion, marking a 12.01% increase, making it the industry leader during a challenging market phase.
The ice cream sector experienced a remarkable 25.54% growth in operating revenue, surpassing the industry average by a significant margin and securing top market share.
In global markets, Yili has continued to expand its international footprint, bolstering its sales through an enhanced global supply network.
During the reporting period, Yili’s international business maintained robust growth, with operating revenue surging by 19.9%.
Meanwhile, the company has consistently aligned its strategies with sustainable development, blending commercial value with social value.
In the latest Environmental, Social, and Governance (ESG) ratings by Morgan Stanley, Yili received an A rating, the highest among all Chinese dairy companies listed on the A-share market.
This accolade, bestowed by MSCI, a prominent ESG rating agency, highlights Yili’s enduring dedication to ESG principles.
In 2021, the company unveiled the first roadmap towards achieving the “dual carbon” goals in China’s dairy industry, effectively reaching carbon peaking in 2012.
Yili has also made a steadfast commitment to achieving carbon neutrality along the entire industrial chain by 2050.
The company has introduced China’s first net-zero carbon factory and several net-zero carbon products, setting precedents in the country’s food industry.
As an industry leader, Yili has upheld its commitment to cooperation, innovation, digitalization, and green development. Through various incentive-based mechanisms, the company supports partners throughout the supply chain with technology, funding, and other resources, fostering a robust and synergistic ecosystem.
Looking ahead, Yili, guided by its ‘New Vision for Value Creation’, is poised to collaborate with global partners, particularly those within the industrial chain.
The company aims to create value, share benefits, and expedite its journey toward becoming the most trusted global provider of healthy food.
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