Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
China Brands

Yili reports RMB45.07 bln revenue in H1 as expanding its presence in Southeast Asia

August 30, 2019


Abstract : China's leading dairy company Yili Group (600887.SH) realized a total operating revenue of 45.07 billion yuan in the first half of 2019, an increase of 5.13 billion yuan year on year, according to the group's interim results released late on Thursday.

Photo: A panoramic view of Yili Group

BEIJING, Aug. 30 (Xinhua) -- China's leading dairy company Yili Group (600887.SH) realized a total operating revenue of 45.07 billion yuan in the first half of 2019, an increase of  5.13 billion yuan year on year, according to the group's interim results released late on Thursday.

The company made a net profit of 3.8 billion yuan during the period, a year-on-year increase of 0.33 billion yuan.

The growths underlined Yili's strong growth momentum and potential for sustainable development going forward, said the company.

Earlier this year, Yili initiated the vision of a "global health ecosystem" as it continues to deepen its global footprint with a view to integrating the best resources globally to better meet consumers' health and nutritional needs.

Yili continues to expand presence in Southeast Asian countries such as Thailand, Indonesia, Singapore and Myanmar, offering more diverse product choices to local consumers.

In 2018, Yili launched the Joyday ice cream in Indonesia, which is now available in major cities across the country and being introduced to more Southeast Asian countries.

Its acquisition of Thailand's largest local ice cream company, Chomthana, was a major breakthrough for Yili in terms of growing regional production capacity and gaining market access. Within one month of post-deal integration, Yili helped increase Chomthana's production capacity by more than 30 percent.

As entering the markets in Southeast Asia, Yili adheres to a localization strategy and works with local partners to effectively drive local economic development, with 85 percent of local employees in Indonesia and Thailand and significant local taxation contribution.

Scan the QR code and push it to your mobile phone

Keyword: Yili Group

Reading:

Northeast Asia E-Commerce Summit sheds light on regional e-commerce dev. opportunities

Commerce Minister vows to enhance price of farm products and continue to pursue price guarantee policy for export

Italian innovation showcased at the Smart China Expo in Chengdu

China Focus: Private enterprises help bolster China's high-quality growth

Economic Watch: China's western region set to attract more investment

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial