BEIJING, Nov 2 (Bernama-AsiaNet) — On October 29, Yili, the Asian dairy giant, posted RMB 73.77 billion in revenue and RMB 6.044 billion in net profit for the first three quarters of 2020, a solid year-on-year increase of 7.42% and 7.00% despite the challenging conditions.
The business figure reflects the strategic improvement of the overall industry chain. The firm offered RMB 5.2 billion in financing from January to September 2020 to support the upstream suppliers with capital, technical services, good breeding cows, and forage planting, etc.