Yili Solidifies Its Position as Asia's Top Dairy Company and a Global Leader

This achievement comes on the heels of being named the world's most valuable dairy brand in a report by Brand Finance on August 20. Yili has now maintained its dominance as Asia's top dairy company for 11 consecutive years and remains the only Asian brand to break into the global top five.

Rabobank's Global Dairy Top 20 list, a highly respected ranking in the dairy industry, evaluates the world's leading dairy companies based on sales and financial performance. This year, the competition was particularly fierce, resulting in significant shifts in the rankings. Despite the turbulence, Yili managed to not only hold its position but also solidify its global presence.

Yili's success is driven by its continuous expansion of global value chains and a strong commitment to innovation, quality, and operational efficiency. The company has enjoyed 31 consecutive years of revenue growth, firmly establishing itself as a global dairy powerhouse. In 2023, Yili reported a record-breaking revenue of 126.179 billion yuan and a net profit of 10.429 billion yuan, reflecting its strategic focus on digitalization and product portfolio adjustments.

Yili's international expansion has also been noteworthy, with a 10.08% year-over-year increase in international revenue. The company's sub-brands, Cremo and Joyday, have gained substantial traction in Southeast Asia, and Yili has successfully penetrated the African market. Today, Yili's products are available in over 60 countries and regions, underscoring the growing global demand for its offerings.

In the first quarter of 2024 alone, Yili reported a total revenue of 32.577 billion yuan and a net profit of 5.923 billion yuan, further demonstrating its robust growth trajectory.

Rabobank's report highlights that the global dairy market continues to grow, with companies like Yili at the forefront of driving high-quality development. Yili's ongoing commitment to excellence not only fuels its steady growth but also brings the company closer to its vision of becoming a globally trusted provider of healthy food. As the global dairy landscape evolves, Yili's leadership and innovation will likely continue to set the standard for the industry.