03 May Yili releases its 2020 annual report
Yili has released its 2020 annual report. Our company’s total revenue reached RMB 96.886bn (€ 12.4 bn) and net profit was RMB 7.078bn (€ 0.98bn).
The sales in the first quarter of 2021 increased by over 30% compared with last year’s sales in Q1. The contribution of new launched products accounted for 16% of the total sales. Apart from growth in new markets in Asia and other overseas markets, also the e-commerce in China grew strongly with 55% and with that, Yili’s sales on e-commerce platforms of ambient stable milk products reached a market share of 28,1%.
Yili’s ambition is to promote cooperation across the whole industry chain and to keep investing more and more in R&D, new technologies and innovation. For this growth strong global networks are essential connecting Europe, Oceania, the Americas and Asia.
Among BrandZ™ “Top 100 Most Valuable Chinese Brands“, Yili ranks first in the food and dairy rankings for 8 consecutive years, and was awarded the world‘s most valuable dairy brand honour by Brand Finance in 2020.
Data from Kantar Consumer Index “Asian Brand Footprint Report 2020“ indicates that Yili has been the most chosen brand by consumers for 5 consecutive years, with 91.6% in market penetration.
Yili is also continuously upgrading its corporate social responsibility management system, transforming the “Healthy China Social Responsibility system” into a future oriented “Shared Healthy Sustainable Development system”, or “WISH” system, which means “Good Life”, fully embracing the United Nations Sustainable Development Goals (SDGs).
Taken together, 2020 has – despite the Covid19 situation – been a year with again strong and healthy growth for the company and the ambition for 2021 is to exceed that!