HOHHOT, China, Nov. 12, 2021 /PRNewswire/ — On October 28, 2021, Yili Group launched its monetary outcomes for the primary three quarters of 2021. Throughout the interval, Yili achieved a complete working income of RMB 85.007 billion and a internet revenue of RMB 7.967 billion, representing a year-on-year enhance of 15.23% and 31.82%, respectively. Each indicators reached a report excessive, and the revenue progress of greater than 30% far outstripped expectations.
Yili’s internet revenue within the first three quarters has exceeded that of final yr, signaling a brand new outlook for the corporate’s progress prospects. The efficiency additionally indicated that Yili is now anticipated to grow to be the primary dairy firm in Asia to exceed RMB 100 billion in income.
As Pan Gang, the Chairman of Yili Group, stated, “We are going to make investments extra within the tracks centered on new consumption developments and aspire to do our greatest in every of them. We will even speed up our digital transformation to spice up the general operational effectivity of the Group, in a bid to realize our strategic aims.”
Core merchandise keep steady progress, whereas new progress drivers emerge
Yili has continued to face out because the pacesetter of the market in liquid milk, ice cream, and different merchandise. Yili Satine Natural Milk, AMBPOMIAL, and Changqing have clinched first place of their respective market segments.
New product gross sales have risen strongly, with model potential starting to emerge as the brand new pressure underpinning Yili’s efficiency progress. Excessive-growth classes, together with cheese, mineral water, low-temperature milk, and milk method, have all sustained fast progress.
Yili’s Xinhuo grownup milk powder has led the market phase in gross sales quantity, whereas Jinlingguan has been the toddler method model which has seen probably the most fast progress in China’s market. Throughout the first three quarters of 2021, Yili’s toddler method class has reached a progress charge of greater than 30% year-on-year.
Yili has now lined main consumption eventualities of cheese. The primary three quarters noticed a year-on-year enhance of 180% within the whole retail gross sales of Yili’s cheese enterprise.
Strengthening toddler method management and getting into the vitamin product market
Yili has proactively enriched classes and its strategic cooperation because the starting of 2021.
On October 27, 2021, Yili joined palms with goat milk chief Ausnutria Dairy and have become the latter’s largest shareholder. Ausnutria additionally encompasses a complete format in vitamin merchandise and has been licensed with China’s high quality mark for healthcare merchandise. This can considerably facilitate Yili’s future growth within the well being meals market.
Digitalization empowers the trade to enhance operational effectivity
Yili has established a devoted workforce working in digitalization since 2019 and has developed its digitalization-oriented transformation technique for the following decade, laying out a roadmap for advertising and marketing, merchandise and provide chains.
“Digital transformation needs to be accelerated to make sure our consumer-oriented observe by way of brand-building and product innovation. That’s the main process for Yili in 2021,” in keeping with Pan Gang.
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Hyperlink: http://asianetnews.internet/view-attachment?attach-id=407321
Caption: Yili Group studies working income of RMB 85 billion within the first three quarters of 2021, with a internet revenue progress of over 30%.
SOURCE Yili Group
