HOHHOT, China, May 10, 2024
/PRNewswire/ -- On April 29, Yili
Group released its 2023 financial report, showing a record-breaking
total operating income of 126.179 billion
yuan and a net profit attributable to parent company of
10.429 billion yuan. This marked 31
consecutive years of steady growth.
On the same day, Yili also announced a plan to repurchase shares
worth no less than 1 billion yuan but no more than
2 billion yuan. These shares will be
entirely canceled to reduce the company's registered capital.
During the reporting period, Yili's entire range of
products remained industry-leading. Its liquid milk business
generated an operating income of 85.54
billion yuan, maintaining its top position in both scale and
market share. The milk powder and dairy products recorded 27.598
billion yuan in revenue, up 5.09% year on year, and
overall milk powder sales rose to the top of the Chinese
market. The cold beverage business generated an operating
income of 10.69 billion up, up 11.72% from the previous year,
far exceeding the industrial average growth rate, and retained its
market leadership for the 29th consecutive year.
Overseas business also performed well. In 2023, Yili's overseas
business income increased by 10.08%
year on year, with products sold to over 60
countries and regions. Notably, Cremo and Joyday products gained
significant popularity in Southeast
Asia, while Joyday ice cream made a strong entry into
Africa.
Yili has continuously improved and optimized its global supply
chain network, achieving efficient synergy between its domestic and
overseas bases. In May 2023,
construction work commenced for a lactoferrin factory of
Westland Dairy Company Limited, one of Yili's subsidiaries.
Once the factory is put into operation, it will be one of the
top three lactoferrin producers worldwide. This capacity
breakthrough is driven by innovative technological advancements
that have spurred the transformation of research into tangible
results.
In 2023, Yili made continuous breakthroughs in cutting-edge
technologies, quickly translating these innovations into products
that have set new trends in healthy consumption. One notable
achievement was the development of a unique lactoferrin directional
extraction and protection technology, which increased the
lactoferrin retention rate in UHT milk from 10% to over 90%.
Furthermore, the company solved the challenge of probiotic
inactivation at ambient temperatures, creating new healthy
consumption scenarios for yogurt.
With industry-leading technological capabilities as the
foundation, the Group has launched bestselling new
products such as the SATINE Active Lactoferrin Organic Milk and
Ambpomial AMX Probiotic Yogurt, providing the company with new
growth drivers.
These innovative achievements stem from the company's long-term
investment in technology. Recently, on the tenth anniversary of the
Yili European Innovation Center, the center's upgrade and the
establishment of the Global Maternal and Child Nutrition Research
Center were celebrated at Wageningen University in the Netherlands. Since its inception, the
center has achieved remarkable results in areas like breast milk
research, probiotics development, and innovative processes and
technologies. Going forward, the center will focus on cutting-edge
global dairy technologies to accelerate the application and
commercialization of innovative results.
As an industry leader, Yili is not only achieving steady
business growth but also emphasizing a sustainable future. The
company actively promotes green and sustainable development,
contributes to environmental protection and public welfare, and
strives to create a win-win situation in economic, social, and
environmental benefits.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/yilis-2023-revenue-reaches-126-2-billion-yuan-leading-global-dairy-industry-towards-healthy-and-sustainable-development-302142337.html
SOURCE Yili Group