– Yili reports revenue growth of 11.37% to RMB 123.2 billion in FY2022 and promotes sustainable growth of global industrial chain
HUHHOT, China, May 4, 2023 /PRNewswire/ — On April 27, Yili Group released its annual report for 2022. According to the report, Yili’s total revenue and net profit reached RMB 123.171 million (RMB 17.8 billion). USD) and RMB 9,431 million (USD 1,360 million), an increase of 11.37% and 8.34% year-on-year, respectively. With its total revenue and net profit reaching record levels, Yili continued to lead the Asian dairy industry in fiscal 2022.
The 2023 Q1 report released on the same date shows that Yili has continued to lead the industry recovery by delivering steady growth. The company generated total revenue of RMB 33.441 million (USD 4.83 billion) and net profit of RMB 3.615 million (USD 520 million), representing year-on-year growth of 7.71% and 2.73%. , respectively.
Win-win development for industry partners
For more than a decade, Yili has been financing industrial chains to minimize operational risks for its industry partners. By the end of 2022, the company had provided financial support to 10,974 pastures and shops, providing 118.16 billion RMB (17.08 billion USD) in total financing.
In foreign markets, the group’s subsidiary, Oceania Dairy, has signed milk source purchase agreements with 73 local farms in New Zealand, providing stable and competitive prices for milk suppliers.
Continued support for green development
In today’s world, with global recognition of the importance of green development, Yili has established itself as a pioneer in green and zero-carbon initiatives and has continuously explored new models to reduce carbon emissions.
Committed to achieving carbon neutrality throughout its industrial chain by 2050, Yili has not only established the first carbon-neutral food factory in China, but has also developed products that are greener and lower-carbon for consumers. consumers.
By the end of 2022, Yili had implemented a total of 1,049 energy saving and emission reduction projects and had 31 factories certified as “green factories” at the state level. On a global scale, Yili Group founded the Net-Zero Carbon Alliance with 43 key international partners, with the goal of jointly developing solutions for carbon reduction and sharing information on progress made.
Localization in global markets accelerates
As Yili expands into overseas markets, the group has been actively integrating into local communities and taking the lead in fulfilling its corporate social responsibilities.
In Indonesia, the company’s Joyday ice cream has become one of the top four ice cream brands in the region. In addition, 85% of the raw and auxiliary materials used at the base now come from local suppliers.
In New Zealand, Yili Group completed a comprehensive upgrade of its Westland Milk Products in 2022. Westland Milk Products has now increased its production capacity for high-quality grass-fed butter to 42,000 tonnes per year, making it the largest facility in the world. largest butter on the west coast.
In 2022, Yili achieved significant growth in its overseas business revenue, recording a growth rate of 52.2%.
(1 US dollar ≈ 6.92 RMB)
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