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

Agricultural Development Bank of China
China Brands

China's dairy giant Yili's revenue tops RMB 90 bln in 2019

April 30, 2020


Abstract : Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. generated a revenue of 90.2 billion yuan (about 12.8 billion U.S. dollars) in 2019, up 13.4 percent year on year, the company announced Tuesday.

HOHHOT, April 29 (Xinhua) -- Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. generated a revenue of 90.2 billion yuan (about 12.8 billion U.S. dollars) in 2019, up 13.4 percent year on year, the company announced Tuesday.

Yili also reported a 7.7-percent year-on-year growth in net profit attributable to shareholders of the company last year, which reached 6.9 billion yuan.

The company raked in 20.7 billion yuan in the first three months of this year, with a net profit of 1.2 billion yuan, according to its Q1 financial report released on the same day.

As of the end of last December, Yili had 1.91 million offline liquid milk points of sale (POSs) in China, a 9.1-percent annual increase from the previous year, and about 1.04 million POSs in rural towns and villages, the company said.

Yili has stepped up efforts in building a global network of sustainable supply chains by acquiring New Zealand's Westland Co-Operative Dairy Company Limited, speeding up the construction of its production base in Indonesia and expanding the Southeast Asian market.

The company expects its revenue to be 97 billion yuan and total profit before tax to be 6.1 billion yuan in 2020. Enditem

Scan the QR code and push it to your mobile phone

Keyword: revenue Yili

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.

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