HOHHOT, China, Nov 15 (Bernama-AsiaNet) — On October 28, 2021, Yili Group released its financial results for the first three quarters of 2021. During the period, Yili achieved a total operating revenue of RMB 85.007 billion and a net profit of RMB 7.967 billion, representing a year-on-year increase of 15.23% and 31.82%, respectively. Both indicators reached a record high, and the profit growth of more than 30% far outstripped expectations.
Yili’s net profit in the first three quarters has exceeded that of last year, signaling a new outlook for the company’s growth prospects. The performance also indicated that Yili is now expected to become the first dairy company in Asia to exceed RMB 100 billion in revenue.