HUHHOT, China,
During the reporting period, the company's total revenue outperformed the second tier by over
Yili's milk powder and dairy product business achieved a growth rate of 58.28%, which was the fastest in the dairy industry. Its infant formula realized the fastest growth and adult milk powder remained the leader in its segment; the cheese category also grew by leaps-and-bounds, expanding by over 40%; the liquid milk business took the largest market share with an expanding strength; growing at a rate of 31.71%, the ice cream business topped the industry and has held the largest market share for 28 years in a row.
Core business achieves a stronger lead, and new growth drivers show faster momentum
During the reporting period, Yili's liquid milk business had a total revenue of
Yili's ice cream business kept growing with a wider margin during the same period, topping the industry with year-on-year growth in sales of 31.71%.
As Yili's second growth curve, the milk powder, cheese business and other dairy products kept growing at a pace which far outstripped its peers, realizing revenue of
Innovation accelerates and new product growth exceeds expectations
Yili accelerated its pace of rolling out new products and full life-cycle coverage, with new products revenue accounting for 12.48%.
Satine Ultra-filtered Milk,
Yili has also kept focusing on organic milk, milk-based nutrients, cheese snacks, natural mineral water and other businesses that show high growth potential. These categories are growing by over 20% year-on-year, of which the sales of Inikin Yike live fountain have more than doubled in H1 this year.
Consumer trust enables growth despite challenges
To better serve consumers, Yili remains committed to its core capacities such as product quality, channels and resources.
Yili has extended its reach to novel channels by seizing new growth opportunities in maternal and infant, catering, e-commerce, community group purchases and other special channels.
Despite COVID-19 and the impact of inflation, Yili has ensured timely delivery of products by optimizing global supply chain networks. Utilizing its global operating platform, Yili has enabled efficient coordination among its bases in
Commenting on Yili's future development,
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