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| Yili remains among Rabobank's global top five dairy producers as a result of its stellar financial performance. |
UTRECHT, Netherlands, Sept. 1, 2023 /Xinhua-AsiaNet/--
| According to Rabobank's 2023 Global Dairy Top 20 Report, Yili once again retained its spot among the top 5 as the only Asian dairy producer, securing its top leadership position in the region's dairy industry for 10 consecutive years. Based on the financial performance of major dairy producers, the ranking reflects Yili's long-term resilience in the face of a volatile global economic landscape. Leveraging the competitive advantage established across the value chain, Yili has maintained a steady growth in total revenue over the last 30 years. In the past decade, Yili's revenue has increased from 47.779 billion Chinese yuan (USD6.55 billion) in 2013 to 123.171 billion Chinese yuan (USD16.9 billion) in 2022, translating to a compound growth rate of 11% - double the industry average. Yili's decades-long steady growth goes hand in hand with the company's global resources and innovation collaboration network, as well as its efforts to continuously develop nutritious and healthy dairy products in response to the full-lifecycle needs of consumers. Yili has invested heavily to expand its R&D footprint across the globe, establishing a total of 15 innovation centers at home and abroad. By the end of December 2022, Yili ranked second among the top 10 global dairy companies in terms of total patent applications and invention applications. Besides the liquid milk business in which Yili has a competitive advantage, it is also riding the new consumption trend of diversified healthy food and beverage, pivoting to other high-growth segments including organic dairy products, dairy and plant-based nutraceuticals, cheese and natural mineral water. http://mrem.bernama.com/viewsm.php?idm=46885 |
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