Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

China Brand

HOME > China Brand


China dairy firm Yili revenues up 16 pct in 2018

February 28, 2019


Abstract : China's dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. has registered revenues of 79.6 billion yuan (11.9 billion U.S. dollars) in 2018, up by 16.9 pct year on year, according to a company statement released Thursday.

BEIJING, Feb. 28 (Xinhua) -- China's dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. has registered revenues of 79.6 billion yuan (11.9 billion U.S. dollars) in 2018, up by 16.9 pct year on year, according to a company statement released Thursday.

The net profits attributable to its shareholders reached 6.5 billion yuan, the company said in its preliminary financial results for 2018 filed to the Shanghai Stock Exchange.

The company's e-commerce revenue increased by 61 percent year on year, and has over 1.75 million offline retailers of its milk products by the end of 2018, up 23.2 percent from a year ago.

Yili noted its expansion in southeast Asia and a rapid growth in its organic products thanks to China's consumption upgrade.

Shares of Yili rose 1.39 percent by 11:10 a.m. Thursday in Shanghai.


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial