HOHHOT, China, Nov. 1, 2021 /PRNewswire/ — Internal Mongolia Yili Industrial Group Co., considered one of China’s dairy business giants, reported an working revenue of 85 billion yuan ($13 billion) within the first three quarters of 2021, a year-on-year development of 15.23 p.c, in response to the corporate’s efficiency report launched on Oct 28.
Throughout the interval, internet earnings stood at 7.97 billion yuan, a year-on-year improve of 31.82 p.c.
Based on the efficiency report, Yili’s liquid milk, chilly drinks and different companies proceed to take care of an absolute market management place. Yili’s high-growth classes corresponding to cheese, mineral water, low-temperature milk, and system milk powder have maintained speedy development.
Statistics present that within the nine-month interval, Yili’s toddler system enterprise has achieved year-on-year development of greater than 30 p.c.
The newest knowledge from Nielsen reveals that in September 2021, Jinlingguan, Yili’s toddler system milk powder model, grew to become the quickest rising toddler system model within the Chinese language market.
Yili invested in Ausnutria Dairy Company and have become its largest shareholder on Oct 27, bolstering its place within the toddler system milk powder and nutritious meals sector.
The 2 will cooperate when it comes to provide chain, channels, and product structure.
Yili’s sensible manufacturing facility has realized unmanned and clever administration and management, and ensures the very best doable high quality for its merchandise.
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Caption: A promotional poster for Yili Group
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Caption: A number of dairy merchandise made by Yili Group
SOURCE Yili Group
