Inner Mongolia Yili Industrial Group revenue 2013-2023
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In 2023, Inner Mongolia Yili Industrial Group Co., Ltd., Asia’s leading dairy company, generated a total revenue of around 125.8 billion yuan. This was a revenue increase of around 2.5 percent compared to the previous year and more than doubled the revenue from eight years earlier. The fiscal year end of the company is December 31st.
Dairy industry in China
The Chinese dairy industry produces approximately 31 million metric tons of cow’s milk per year. While the number of dairy cows is projected to see a slight growth in the coming years, the productivity per cow as well as milk quality is expected to continue to improve. Privatization regulations, dairy corporate support and dairy farm expansion are among state priorities that help to boost the dairy market in China. The traditional dairy-free Chinese diet has been changing, and milk products are becoming a daily norm, especially in the northwest region and major cities across the country. In 2024, the retail sales value of dairy products is estimated to reach around 565 billion yuan.
Yili Group
Yili Group is the largest dairy processor in China, established in 1993 and headquartered in Hohhot, the provincial capital of Inner Mongolia. It’s a state-controlled enterprise listed on the Shanghai Stock Exchange. The largest share of the company’s revenue comes from liquid milk production. Other products include milk powder, yogurt, ice cream, and raw milk. As of 2023, Yili Group generated a gross profit of around 11.7 billion yuan and owned total assets of around 151.6 billion yuan.
