Yili Group (600887.SH) announced its 2019 interim results on the evening of August 29th in Beijing time. The report shows in the first half of 2019, Yili realized a total operating revenue of RMB 45.07 billion, a year-on-year increase of RMB 5.13 billion, and a net profit of RMB 3.8 billion, a year-on-year increase of RMB 0.33 billion, further underlying Yili's strong growth momentum as the industry leader and pointing to its prospect and potential for sustainable development going forward.
Prior to posting its interim results, Yili had completed the acquisition of Westland Co-operative Dairy Company Limited, the second-largest dairy Co-operative in New Zealand. The deal will help Yili further strengthen its global production capacity and create synergies along the global dairy value chain.
Situated in the world's "golden milk belt", New Zealand is an essential country in Yili's international strategic landscape. Yili invested RMB 3 billion to build the Oceania Dairy production base, one of the world's largest integrated dairy bases, and signed a strategic partnership agreement with the Lincoln University of New Zealand to set up its Oceania R&D Center. Yili works closely with local partners to make New Zealand's premium milk available to consumers around the world. In June 2019, Oceania Dairy received the cross-border investment award from the New Zealand-China Trade Association (NZCTA), an example of international recognition of Yili's overseas business.
Yili is committed to pursuing mutually beneficial and win-win cooperation with New Zealand partners, active involvement in local charitable activities and contribution to local economic development.
Earlier this year, Yili pioneered in the industry with the vision of a "global health ecosystem" as it continues to deepen its global footprint with a view to integrating the best resources globally to better meet consumers' health and nutritional needs.
Source: Yili Group
