YILI ACHIEVES GROWTH IN OPERATING REVENUE AND NET PROFIT IN THE FIRST HALF OF 2023

HOHHOT, China, Sept. 4, 2023 /Xinhua-AsiaNet/--

According to Yili's 2023 H1 report released on August 28, the company's total operating income increased by 4.31% year on year to 66.197 billion yuan and its net profit grew by 2.85% to 6.314 billion yuan in the first half of 2023, setting new records in the dairy industry of Asia.   Yili is also the only Chinese dairy company to have secured a slot in the top rankings of dairy companies worldwide. In Rabobank's 2023 Global Dairy Top 20 published on August 29, Yili remained among the top 5 for the fourth consecutive year, still the only Chinese company to be in the top 5.   One of Yili's strengths lies in its well-balanced business structure as it leads the industry in every category. During the reporting period, the company's liquid milk business registered an operating revenue of 42.423 billion yuan, No. 1 in the industry in terms of both scale and market share; the milk powder and dairy product business raked in 13.521 billion yuan of operating revenue, up 12.01%, leading the whole industry in a gloomy market; ice cream achieved an operating revenue of 9.158 billion yuan, up 25.54%, a far higher growth rate than the industrial average and top of the market segment in terms of both scale and market share.   In overseas markets, Yili has been improving its global supply network which drove the expansion of sales. During the reporting period, Yili's international business continued to deliver two-digit growth in operating revenue, attaining an increase of 19.9%.   It is noteworthy that Yili, as an industrial leader, has adhered to its pursuit of sustainable development in addition to better business results, striving for an excellent integration of commercial value and social value.   In its latest ESG ratings, Morgan Stanley gave Yili a rating of A, the highest among all Chinese dairy companies listed on the A-share market. This result from MSCI, a top ESG rating agency of the world, represents, once again, recognition for Yili's many years of efforts in ESG.   Adhering to its sustainable development strategy for years, Yili has pioneered many good practices in ESG. In pursuit of green and low-carbon development, Yili released the first roadmap towards the "dual carbon" goals in China's dairy industry, achieved carbon peaking in 2012, and committed to attaining carbon neutrality along the whole industrial chain by 2050. It has also delivered the first net zero carbon factory and a number of net zero carbon products, first of their kinds, in China's food industry.   As an industrial leader, Yili has committed to cooperation, innovation, digitalization, and green development. It supports partners upstream and downstream the industrial chain with technology, funding and many other means via a number of incentive-based mechanisms, so that while laying a solid foundation for the dairy industry, Yili and its partners can leverage their respective advantages to achieve the greatest synergy possible across the industrial chain.   Towards the future, Yili, pursuing its New Vision for Value Creation, will join hands with global partners, especially partners along the industrial chain, to create value, share benefits, and move faster towards the goal of becoming the most trusted global healthy food provider.   Source: Yili Group  http://mrem.bernama.com/viewsm.php?idm=46893

YILI REMAINS AMONG THE TOP 5 IN RABOBANK'S 2023 GLOBAL DAIRY TOP 20 REPORT

 

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

GLOBE MSCI ESG RATING SOARS TO AA, HIGHEST IN PH TO DATE

 

Globe achieved a ratings upgrade to AA from MSCI, marking the highest rating among companies and within the telco industry in the Philippines to date (Photo: Business Wire) 

MANILA, Philippines, Sept 1 (Bernama-BUSINESS WIRE) -- Top digital solutions platform Globe has achieved a historic milestone in its commitment to sustainability, as it achieved a ratings upgrade to AA from MSCI, marking the highest rating among companies and within the telco industry in the Philippines to date. 
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230830711999/en/  

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. These evaluations are based on governance structures, policies, targets, quantitative performance metrics, and any relevant controversies.

The firm’s ESG Research aims to provide investors with insights into the ESG risks and opportunities of companies worldwide. With Globe's upgrade from BBB to A in 2020, and now to AA, it is recognized as an ESG leader, effectively managing its exposures to ESG risks.

“This MSCI AA rating is a testament to Globe's steadfast commitment to sustainability practices, and a historic feat for the Philippines in itself. As we put our sustainability ambitions into action and embed its principles in the way we do business, we are proud to set the benchmark for ESG practices in the industry and the country,” said Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer.

http://mrem.bernama.com/viewsm.php?idm=46880

HONG KONG A GREAT ESCAPADE FOR THRILL SEEKERS

KUALA LUMPUR, Sept 1 (Bernama) -- Thrill seekers can experience the great outdoors in Hong Kong this season, ranging from international-standard races like Cyclothon, which attract cyclists worldwide, to heart-pumping activities that allow adventurers to go at their own pace.

According to a statement, the city hosts a number of international sporting events each year, in which many are open for overseas enrolment, allowing visitors to challenge themselves while taking in spectacular front-row views of Victoria Harbour and beyond.

Among others, the Cyclothon, Hong Kong’s largest international cycling event, returns on Oct 22, with participants speeding through streets and roads with roaring crowds alongside 5,000 other cyclists from around the world.

The world-class race offers grandstand views of Hong Kong’s city skyline and stunning natural landscape over its three-tunnel, three-bridge 30- and 50-kilometre (km) routes, which include roads and thoroughfares opened exclusively for the cyclists.

Meanwhile, on Dec 17, over 20,000 runners are expected to race in the HONG KONG STREETATHON, whereby runners can challenge themselves by taking one of the three distinct routes including a marathon; a cross-harbour half-marathon; and a 10 km run.

Alternatively, enthusiastic runners can hit the streets in Hong Kong on Jan 21, next year for one of the region’s most significant running events, the Standard Chartered Hong Kong Marathon, which will once again encompass a marathon, half-marathon and 10 km run.

Other than the exhilarating racing events that can be enjoyed, for adventure-seeking visitors looking for a way to stay active while exploring a different side of the city, Hong Kong also has you covered.

Whether through bustling urban centres or on idyllic outlying islands, there are a number of alternative ways to explore Hong Kong on two wheels for cyclists of all skill levels. One unmissable journey can be found in the New Territories in the form of a 55 km long track that connects Tuen Mun to Sha Tin.

Furthermore, the verdant rolling hills and rugged coastline of the Sai Kung Peninsula have long made it a go-to destination for weekend hikers, but this expansive country park is just as spectacular when explored from the water.

Meanwhile, guarding the east entrance to Victoria Harbour is the small but mighty subtropical island of Tung Lung Chau, one of Hong Kong’s true hidden gems. With its unique coastal scenery and sea cliffs dotting the shoreline, the islet is popular for thrill-seeking rock climbers of all experience levels.

-- BERNAMA

TOKYO METROPOLITAN GOVERNMENT OPENS A PR SITE "#TOKYO TOKYO BASE" IN TERMINAL 3 OF HANEDA INTERNATIONAL AIRPORT!

TOKYO, Sept 1 (Bernama-BUSINESS WIRE) -- The Tokyo Metropolitan Government on August 9, 2023 opened a Tokyo Brand PR site "#Tokyo Tokyo BASE" in Terminal 3 of Haneda International Airport, Tokyo and Japan’s gateway to the sky.
At "#Tokyo Tokyo BASE", in order to communicate to both Japanese and foreign visitors the appeal of Tokyo, where tradition and cutting-edge culture have coexisted since the Edo period, we will sell "Tokyo Omiyage (Tokyo Souvenirs)" jointly developed by the Tokyo Metropolitan Government with private businesses such as traditional handicrafts as well as stationery and foodstuffs. In addition to the sale of souvenirs, hands-on Japanese culture experiences and workshops will also be held in the shop, spreading the appeal of Tokyo.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20230813784257/en/

 

Hello Kitty and Hakken do PR for "Tokyo Omiyage (Tokyo Souvenirs)"!

The world-famous Sanrio character Hello Kitty and the cosplayer Hakken, who is a Tokyo Tourism Ambassador, made an appearance as special guests at the opening ceremony commemorating the opening and at an in-store event, which made for a colorful opening.

Hakken commented on the store opening, saying “I am looking forward to what sort of things will be offered.” Upon visiting the store and trying out the omikuji (fortune-telling strips), he seemed to like the cypress fan recommended by the omikuji and said it had “a relaxing scent.”

In her opening remarks, Akiko Matsumoto, the Deputy Director of the Tokyo Metropolitan Government Bureau of Industrial and Labor Affairs, said "With this store, I want you to experience the diverse charms of Tokyo".

Store Overview 

Address: Haneda Airport Terminal 3, 4th floor, EDO MARKET PLACE (2-6-5, Haneda Airport, Ota-ku, Tokyo)

Operating Hours: 8:00AM to 9:00PM

Implementation Content:
• Sales at "Tokyo Omiyage (Tokyo Souvenirs )"
Please see the official website for the products.
https://tokyotokyo.jp/article/omiyage/ 
• Performing of Japanese culture experiences and workshops
• Signage, PR corner, etc., communicating the "Now" of Tokyo

©'23 SANRIO CO., LTD. APPR.NO L642720

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect. 

http://mrem.bernama.com/viewsm.php?idm=46878

SWEEGEN SECURES REGULATORY APPROVAL IN TAIWAN FOR ITS REB M SWEETENER TECHNOLOGY

KUALA LUMPUR, Sept 1 (Bernama) -- Global sweetness and flavour innovator, Sweegen has announced its Bestevia Rebaudiosides M (Reb M), D, and E have received full authorisation from the Taiwan Food and Drug Administration (FDA) for use in food and beverages.

According to a statement, this recent regulatory approval marks another milestone in Sweegen successfully opening new markets in countries where brands seek new generation stevia ingredients to expand their sugar reduction solutions.

“At Sweegen, our focus revolves around safety, quality and adherence to regulatory standards. We are expanding our global footprint by opening new markets to create access to innovative sweetener technologies,” said its Vice President of Technical and Regulatory Affairs, Hadi Omrani.

Meanwhile, Vice President of Global Innovation, Casey McCormick said the approval of Bestevia Reb M in Taiwan represented a breakthrough for brands aiming to create better-for-you foods and beverages.

“Bestevia Reb M opens innovative avenues for reducing and even eliminating sugar, surpassing consumer expectations and contributing to public health goals aimed at curtailing sugar intake,” he added.

A high-purity steviol glycoside derived from the stevia plant, Reb M is renowned for its clean and sugar-like taste profile in which, for food and beverage producers, Sweegen’s Reb M technology offers several commercially significant advantages.

As Sweegen continues to excel in commercialisation and secures essential regulatory approvals in key markets like the Europe, the Middle East and Africa (EMEA) and the United Kingdom, the company witnesses substantial sales growth throughout 2023.

In addition to those critical regulatory approvals, Sweegen now offers its food and beverage manufacturing customers the right to use its Reb M in all non-alcoholic beverages anywhere in the world without infringing the relevant application patents.

The full authorisation of Bestevia Reb M in Taiwan reinforces Sweegen's leadership in the nature-based sweetener space and positions the company as a trusted partner for food and beverage manufacturers worldwide.

-- BERNAMA

GROWW SPONSORS ASIA CUP 2023

KUALA LUMPUR, Sept 1 (Bernama) -- Bangalore-based financial services company, Groww, announced it would be the Powered By sponsor for the Asia Cup 2023, one of international cricket’s most prestigious tournaments, that kicked off on Aug 30, in Multan, Pakistan.

The tournament will see Asia’s top six teams face off to be crowned continental champions with 13 matches played between Aug 30 and Sept 17, across Pakistan and Sri Lanka, featuring India, Pakistan and Nepal in Group A while Sri Lanka, Bangladesh and Afghanistan comprise Group B.

“Our purpose is to make financial products accessible to everyone in India. This partnership amplifies our efforts to create financial awareness among hundreds of millions of Indians, who watch cricket and support our country,” said Groww Co-Founder and Chief Operating Officer, Harsh Jain in a statement.

Meanwhile, Asian Cricket Council President, Jay Shah said: “It is with great pleasure that we welcome on board Indian home grown, Financial Services company Groww as a sponsor for the Asia Cup 2023.

“The Asia Cup is a prestigious event and has grown in stature and participation over the years, a trajectory that mirrors Groww’s growth as well. We look forward to a fruitful and exciting association.”

Founded in 2016, Groww is one of India’s leading financial services companies, operating multiple businesses across distribution, broking, lending and recently ventured into Asset Management after acquiring Indiabulls AMC.

-- BERNAMA