Yili Reports 11.37% Revenue Growth to RMB 123.2 Billion in FY2022 and Promotes Sustainable Growth of the Global Industrial Chain.

HUHHOT, China: Yili Group released its annual report for 2022. According to the report, Yili's total revenue and net profit reached RMB 123.171 billion ($17.8 billion) and RMB 9.431 billion ($1.36 billion), up by 11.37% and 8.34% year-on-year, respectively. With both its total revenue and net profit reaching record highs, Yili continued to lead the Asian dairy industry in FY2022.

The 2023 Q1 report released on the same date shows that Yili has continued to lead the industry's recovery by delivering steady growth. The company generated a total revenue of RMB 33.441 billion ($4.83 billion) and a net profit of RMB 3.615 billion ($0.52 billion), representing year-on-year growth of 7.71% and 2.73%, respectively.

Win-win development for industry partners

For over a decade, Yili has been carrying out industrial chain financing to minimize the operational risks for its industry partners. By the end of 2022, the company had extended financial support to 10,974 pastures and stores, providing RMB 118.16 billion ($17.08 billion) in total financing.

In overseas markets, the Group's subsidiary Oceania Dairy has signed milk source purchase contracts with 73 local farms in New Zealand, providing stable and competitive prices for milk suppliers.

Continuous support for green development

In today's world, with the importance of green development having become recognized worldwide, Yili has established itself as a pioneer in green and zero-carbon initiatives and continuously explored new models for reducing carbon emissions.

Committed to achieving carbon neutrality across its entire industrial chain by 2050, Yili has not only established the first zero-carbon food factory in China but also developed products that are...