HOHHOT, China, April 29, 2022 /PRNewswire/ — Chinese language dairy big Inside Mongolia Yili Industrial Group Co., Ltd. – primarily based in Hohhot, capital of North China’s Inside Mongolia area – reported an working earnings of 110.6 billion yuan ($16.76 billion) in 2021, a year-on-year improve of 14.15 p.c.
The corporate, identified for brief as Yili Group, additionally posted a internet revenue of 8.73 billion yuan, a year-on-year improve of 23 p.c, in line with its 2021 annual report launched on April 27.
With its newest strong outcomes, Yili grew to become the primary dairy firm in Asia with an annual working earnings exceeding 100 billion yuan.
Based on the 2022 first-quarter report launched on the identical day, Yili achieved a complete working earnings of 31.05 billion yuan in Q1, up 13.47 p.c on the earlier corresponding interval, whereas internet revenue was 3.51 billion yuan, up 24.08 p.c.
As a number one dairy firm in China, Yili has built-in its worldwide high-quality assets and comprehensively promoted the event of the business.
Analysts identified that Yili’s efficiency, regardless of the unfavourable international financial influence of COVID-19, mirrored China’s speedy financial restoration and its structural upgrading to fulfill market demand. They stated it was additionally a manifestation of Yili’s long-term secure growth, on account of its aggressive benefits and actions undertaken to restrict danger.
Boosted by continued product and technological innovation, Yili’s conventional liquid milk and chilly drinks final 12 months posted working earnings of 84.91 billion yuan and 7.16 billion yuan respectively, up 11.54 p.c and 16.28 p.c year-on-year, rating them first within the Chinese language market.
Gross sales income of key merchandise, akin to Satine, Ambrosial and Jinlingguan, continued to point out development in 2021.
Whereas making certain the security of its dairy merchandise, the corporate additionally conducts in-depth analysis into shopper preferences, to offer clients with a raft of modern merchandise.
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Caption: Yili Group is at present flying excessive. It posted working earnings of 110.6 billion yuan in 2021, up 14.15 p.c.
SOURCE Yili Group
