Revenue of Inner Mongolia Yili Industrial Group 2012-2019

In 2019, Inner Mongolia Yili Industrial Group Co., Ltd., Asia’s leading dairy company, generated a total revenue of around 90.22 billion yuan. This was a revenue increase of around 13 percent compared to the previous year and almost double the revenue from seven years earlier.  

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 has been declining, 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 2019, the national sales volume of dairy products exceeded 27 million metric tons.  

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 2019, Yili Group generated a gross profit of almost 8.2 billion yuan and owned total assets of around 60.5 billion yuan.

Revenue of Inner Mongolia Yili Industrial Group from 2012 to 2019

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Source

Release date

April 2020

Region

China

Survey time period

2012 to 2019

Supplementary notes

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of May 2020).

Figures have been rounded to provide better understanding of the statistic.

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