The corporate noticed double-digit progress in income and internet revenue, with gross income rising 18.89% YoY to succeed in RMB 56.506bn ($8.75bn), and internet revenue attributable to the mother or father firm leaping 42.48% YoY to succeed in RMB 5.322bn ($830m).
In the course of the reporting interval, Yili’s important merchandise continued to exhibit sturdy progress. Complete gross sales income for Satine, AMBPOMIAL, Changqing, Jinlingguan, and Chocliz elevated by 20.7% YoY. Particularly, the AMBPOMIAL AMX Zero Sugar yogurt and AMBPOMIAL 5G-Protein yogurt sequence, launched within the second half of 2020, noticed fast progress, the corporate mentioned.
Gross sales income of latest product classes represented by Satine A2β-casein Natural Pure Milk, Yili Zhennong Excessive-calcium Milk, Changqing Tea & Fruit Yogurt, and Cute Star Youngster Progress Goat Milk accounted for 15.6% of Yili’s whole income.
In the course of the reporting interval, retail gross sales of cheese merchandise greater than doubled 12 months over 12 months, giving the corporate a head begin within the phase with excessive progress potential. The corporate’s low-temperature milk enterprise additionally grew with a 5.7% improve in market share.
Yili additionally pointed to its Jinlingguan sequence of high-end toddler system, developed with help from 19 years of breast milk analysis and milk sources comparable to natural and A2 milk. Nielsen retail knowledge confirmed retail gross sales of toddler formulation elevated by 35.2% YoY, and the expansion fee of Jinlingguan Zhenhu reached 37% to turn out to be the fastest-growing model in its phase.
Within the non-dairy class, Yili’s Inikin Yike mineral water additionally made a breakthrough in gross sales progress and has primarily been distributed in large cities by e-commerce, O2O dwelling supply, and different channels. Manufacturing vegetation for the product are actually working at full capability.
The continuing influence of Covid-19 has affected consumption behaviors and situations. Of word, there was an accelerated progress within the contributions of latest retail and e-commerce to the whole retail gross sales of client items.
Whereas leveraging present benefits in its distribution channels, Yili additionally embraced digital channels in response to the most recent market developments. Yili’s e-commerce enterprise grew 21.8% YoY within the first half of 2021, contributing to the excessive market penetration fee of 85.7% for its UHT milk.
As well as, Yili additionally leveraged synergy inside its “international provide chain community” to make sure the environment friendly operation of its provide, manufacturing, and advertising techniques. As of June 2021, the corporate’s whole manufacturing capability neared 13.94m tons per 12 months.
In August this 12 months, Rabobank launched its annual World Dairy High 20 record, wherein Yili Group was once more listed among the many high 5 international dairy firms. Yili was additionally ranked because the main firm in Asia for eight consecutive years.
