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on august 29, yili group released its 2024 semi-annual report. faced with a severe and complex market environment, yili faced challenges and took the initiative to adjust, achieving a total operating income of 59.915 billion yuan, ranking first in the industry, and a net profit attributable to the parent company of 7.531 billion yuan, a year-on-year increase of 19.44%.

in the latest "top 20 global dairy companies in 2024" list released by rabobank, yili has retained its position among the top five global dairy companies and has remained number one in the asian dairy industry for 11 consecutive years, once again becoming the only chinese dairy company to enter the top five in the world.

facing the present and looking to the future. as an industry leader, yili is actively responding to external environmental challenges and firmly grasping the initiative in development by relying on its forward-looking investment and absolute leading advantages in strategic areas such as quality, innovation and digitalization.

actively adjust and fully tap potential

liquid milk ranks first in the industry, and the share of cold drinks increases

under the current environment, yili's liquid milk business has taken the initiative to adjust and fully tap into consumption potential, achieving operating income of 36.887 billion yuan in the first half of the year, with its business scale and market share continuing to rank first.

during the reporting period, the company exerted its strength from both the supply and demand sides, and drove the liquid milk business back to a healthy development track through measures such as adjusting the rhythm and promoting sales. from the perspective of terminal market performance, the active adjustment of the liquid milk business has achieved significant results, the inventory structure has returned to a healthy state, and the channel and product structure has become healthier.

the brand power of the company's star products continues to be released. high-end white milk such as jindian hulunbuir organic pure milk and jindian active lactoferrin organic pure milk continue to win the market with multiple advantages such as "origin", "quality" and "nutrition", driving jindian's organic market share to grow against the trend and continue to lead the industry. jindian fresh milk has become the most popular product among consumers in the same category, with retail sales increasing by nearly 60% year-on-year. amul has focused on functional and delicious innovations, and its retail sales have remained the first in the industry for many consecutive years. qq star pioneered the original nutritious children's milk track. after 18 years of deep cultivation, its market share continues to rank first in the industry.

during the same period, low-temperature yogurt returned to a healthy development track, achieving a double increase in sales and market share. changqing firmly sits at the top of the low-temperature yogurt brand power category; gongruo ranks first in low-temperature solidified yogurt. among them, new products such as changqing cereal popping yogurt and gongruo colorful solidified yogurt have received wide acclaim in the market.

affected by market changes, the cold drink business faces periodic challenges. yili has taken the initiative to adjust, focusing on consumer needs, focusing on "health" and "richness", increasing innovation, and achieving a new rise in market share. during the reporting period, the company's cold drink business achieved operating income of 7.322 billion yuan, and its business scale and market share have ranked first in the country for 29 consecutive years. among them, brands such as chocolatier, ice factory, and yili ranch have ranked first in their subdivided categories. qixuanxuan linglong, with its unique "miniaturization" innovation, leads the trend of ice cream snack consumption; chocolatier six-fold chocolatier and zhenxi peach and green plum lava have won the market with a new delicious experience, becoming the new star single product of cold drinks with the greatest potential to "break 100 million".

forward-looking layout and accumulation of strength

milk powder sales ranked first in the chinese market

as another focus of strategic development, yili has made forward-looking layouts, optimized structures, achieved nutritional and health coverage of products throughout their life cycle, focused on innovation, digital transformation of channels and member service upgrades, and the competitive advantages of its milk powder business have gradually emerged. during the reporting period, the milk powder and dairy products business achieved operating income of 14.509 billion yuan, a year-on-year increase of 7.31%. the overall sales volume of the milk powder business ranked first in the chinese market.

the adult milk powder business focuses on demand and focuses on the "nutrition + function" track. the scale and market share are firmly ranked first, far ahead. the company has launched a number of products such as xinhuo youxiang sleep-aiding functional type and qingmu red ginseng chinese nourishing type series of dietary seasoning formula milk powder, taking the lead in laying out a new blue ocean of healthy consumption.

the growth rate of infant formula milk powder leads the industry against the trend. based on 22 years of deep technical accumulation in breast milk research, yili jinlingguan continues to win the trust and reputation of consumers with multiple advantages such as patented formula, products, and services. during the reporting period, the company launched new products such as jinlingguan zhenhu platinum extract and youzi lamb comfort, and continued to strengthen its market competitiveness; jinlingguan sennamu upgraded its first organic hmos infant formula milk powder, driving double-digit growth in sales of the organic series.

in addition, yili has been deeply engaged in functional nutrition science and launched the special medical formula food tofeel early care early excellent, leading china's special medical infant formula food to a new height. relying on lactose-directed enzymatic hydrolysis technology, the company launched the first zero-lactose endogenous gos milk powder in china, which received positive feedback from the market.

adhere to innovation to drive new growth

focus on new products, new businesses and new markets

yili insists on driving growth with innovation and continues to expand new growth space. during the reporting period, the company's representative new product revenue accounted for 15.2%, providing continuous new impetus for business development.

at the same time, the company accelerated the diversification of healthy food, actively cultivated new businesses, and opened up new growth space in the future. relying on the natural mineral water resources of arshan and changbai mountain, the company launched yike huoquan volcanic mineral water, freshly brewed tea and other water products, which showed rapid growth once they were launched. during the reporting period, the retail sales of yike huoquan doubled. during the same period, the company actively grasped the consumption trends of catering, baking, tea, western food, etc., continuously enriched the cheese and dairy product matrix, and continued to expand the b-end customer group. the cheese b2b business achieved double-digit growth.

in addition, yili has innovated and opened up a new track for non-alcoholic beverages, launching its first milk beer lactic acid bacteria beverage "changyi 100% milk beer", which quickly "went viral" in the consumer market. new products such as milktalk latte and waffle cone ice cream, which were cross-border collaborations with brands such as sam's club and mcdonald's, have also won the favor of consumers, achieving a breakthrough in the "new track".

while deepening its presence in the domestic market, yili's internationalization strategy has also made significant progress, with overseas business revenue increasing by 4% year-on-year. core products such as amul, yogurt, and chocolatier have successfully landed in the us market; brands such as cremo and joyday continue to be hot sellers in the southeast asian market.

accelerate the deep integration of digital industry

helping the entire industry chain improve quality and efficiency

as one of the earliest dairy companies to deploy digitalization, yili has taken the lead in completing the digitalization technology coverage of the entire industry chain. during the reporting period, the company focused on promoting the deep integration of digital industry and accelerating the transformation of digitalization application results. through the product innovation digital platform, the company accurately captures consumer needs, puts the right products in the right channels, and achieves precise "direct" access to consumers. in addition, digitalization makes the overall allocation of supply more efficient and responsive, and realizes accurate management of terminal store channels.

in the first half of the year, yili achieved innovative breakthroughs in the field of channel digitalization. the company's infant nutrition division took the lead in trying out a new digital channel cooperation model, using digital technology to accurately manage the order system, which not only shortened the channel chain and significantly improved quality and efficiency, but also further improved the freshness of the products on the shelves, effectively promoted performance growth, and greatly boosted the confidence of terminal stores in the company's brand.

with the powerful empowerment of digitalization, the company's liquid milk, milk powder and cold drink business retail sales market share ranks first in both online and offline channels.

at present, digital capabilities are the core competitiveness of enterprises to tap potential and improve efficiency. yili’s forward-looking layout and in-depth application in this field have become a new competitive advantage for the company’s sustained growth in performance and long-term leadership.

in addition, in msci's latest esg rating for 2024, the company achieved a breakthrough aa rating, the highest level in the industry. the company's rating has been upgraded for four consecutive years, and its determination for sustainable development strategy is firm.

seeking new breakthroughs in change and creating new vitality in chaos. it can be foreseen that as a leader in the dairy industry, yili will continue to focus on innovation and digitalization in the future, anchoring the goal of "no. 1 in the global dairy industry and top five in healthy food" and moving forward steadily.