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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Inner Mongolia Yili Industrial Group Co., Ltd.    600887   CNE000000JP5

INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD.

(600887)
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Yili Shares Jump After Strong Second-Quarter Results

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08/27/2020 | 10:54pm EDT

By Martin Mou

Shares in Inner Mongolia Yili Industrial Group Co. rose by the 10% daily trading limit on Friday following the Chinese dairy giant's better-than-expected quarterly results.

Analysts say Yili's first-half results showed it staged a strong rebound in the second quarter following the Covid-19 pandemic's impact on the first quarter.

The 72% surge in Yili's net profit significantly exceeded market expectations, Pacific Securities says, noting the growth was driven by improved margins.

Yili said late Thursday that its first-half net profit fell 1.2% to 3.74 billion yuan ($542.8 million), while operating income for the period rose 5.3% to CNY47.34 billion.

China Mengniu Dairy Co., Yili's closest rival, posted a 42% drop in first-half net profit, weighed by higher expenses due to safety measures relating to pandemic.

Pacific Securities said it expects Yili to ride on the growing consumption of dairy products in China to maintain rapid revenue growth over the next two to three years.

Yili's Shanghai-listed shares were last at CNY40.59.

 

Write to Martin Mou at martin.mou@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
CHINA MENGNIU DAIRY COMPANY LIMITED -1.61% 39.65 End-of-day quote.25.87%
INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD. 0.69% 42.14 End-of-day quote.36.20%
THE PACIFIC SECURITIES CO., LTD 0.97% 4.17 End-of-day quote.10.03%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.42% 6.6684 Delayed Quote.-4.58%
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Financials
Sales 2020 98 129 M 14 685 M 14 685 M
Net income 2020 7 041 M 1 054 M 1 054 M
Net cash 2020 586 M 87,7 M 87,7 M
P/E ratio 2020 36,5x
Yield 2020 1,87%
Capitalization 256 B 38 348 M 38 363 M
EV / Sales 2020 2,61x
EV / Sales 2021 2,31x
Nbr of Employees -
Free-Float 80,0%
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Inner Mongolia Yili Industrial Group Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 43,62 CNY
Last Close Price 42,14 CNY
Spread / Highest target 32,9%
Spread / Average Target 3,52%
Spread / Lowest Target -39,5%
EPS Revisions
Managers
NameTitle
Gang Pan Chairman & Chief Executive Officer
Jian Qiang Li Chairman-Supervisory Board
Cheng Xia Zhao Chief Financial Officer, Executive Director & VP
Chun Hai Liu Director & Vice President
De Bu Gao Independent Director
Sector and Competitors