YILI(SH:600887)2016-03-30 16:00Financial Performance - In 2015, the company achieved a total revenue of ¥59,863,485,730.88, representing a year-on-year increase of 10.94% compared to ¥53,959,298,690.78 in 2014[21] - The net profit attributable to shareholders reached ¥4,631,791,823.05, marking an 11.76% increase from ¥4,144,280,536.11 in the previous year[21] - The operating cash flow significantly increased to ¥9,536,498,591.50, a remarkable growth of 291.40% compared to ¥2,436,487,020.35 in 2014[21] - The company achieved total operating revenue of CNY 60.36 billion, representing a year-on-year increase of 10.88%[32] - Net profit attributable to shareholders reached CNY 4.632 billion, up 11.76% compared to the previous year[32] - The company achieved total revenue of RMB 60.36 billion, an increase of 10.88% compared to the same period last year[49] - The net profit for the period was RMB 4.654 billion, reflecting a growth of 11.71% year-on-year[49] - The company reported a net profit of 7,976.63 million RMB for Hubei Huanggang Yili Dairy, with total assets of 144,319.93 million RMB and net assets of 103,924.97 million RMB[82] - The company reported a net profit of 24,394.61 million RMB for Dingzhou Yili Dairy, with total assets of 80,359.23 million RMB and net assets of 53,274.94 million RMB[82] - The company reported a net profit of 31,820.10 million RMB for Yili Financial Company, with total assets of 1,289,553.01 million RMB and net assets of 162,351.97 million RMB[82] Shareholder Returns - The company proposed a cash dividend of ¥4.50 per 10 shares, totaling ¥2,729,160,048.60, after distributing a cash dividend of ¥2,451,496,826.40 for the 2014 fiscal year[6] - The company distributed a cash dividend of 8.00 RMB per 10 shares, totaling 2,451,496,826.40 RMB, with retained earnings post-distribution at 1,618,200,975.75 RMB[102] - In 2015, the company proposed a cash dividend of 4.50 RMB per 10 shares, with a total cash dividend amounting to 2,729,160,048.60 RMB, representing 58.92% of the net profit attributable to shareholders[104] - The company has maintained a consistent cash dividend policy, ensuring compliance with the company’s articles of association and protecting minority shareholders' rights[103] Market and Product Performance - Key products such as "Jindian," "Anmuxi," and "Qiaolezi" saw an increase in revenue contribution by nearly 5 percentage points year-on-year[34] - Retail sales of liquid dairy products in third- and fourth-tier cities and rural markets grew by 13.2% year-on-year[34] - The market penetration rate for liquid dairy products reached 76.83%, up by 1.09 percentage points from the previous year[40] - New product revenue accounted for 15.8% of total revenue, exceeding the annual target by nearly 5 percentage points[40] - The retail market share for liquid milk products increased by 2.5 percentage points compared to the previous year[48] - The retail market share in the low-temperature yogurt segment rose by nearly 2.4 percentage points year-on-year[48] - The average annual growth rate of dairy consumption in the Asia-Pacific region is projected to be 4% from 2013 to 2020, contributing 84% of the global consumption increase[44] - The retail sales of low-temperature yogurt and fermented milk beverages in convenience stores grew by 15.1%, surpassing the overall market growth of 9.8%[47] Operational Efficiency - The company’s long-term equity investments increased by 373.75% due to investments in Shandong Xinjufeng Technology Packaging Co., Ltd.[37] - The company’s production bases in New Zealand and Italy are fully operational, enhancing its global supply chain capabilities[40] - The company’s management team has a high percentage of young professionals, with 84.3% under the age of 45, ensuring a strong talent pipeline[41] - The company’s cash dividends from investments in Chengdu Bank amounted to 8,125,000 RMB during the reporting period[75] - The company has established a quality management system based on the global food safety management system FSSC22000 to manage quality risks effectively[90] Research and Development - Research and development expenses rose by 15.39% to CNY 80.26 million, up from CNY 69.56 million year-on-year[51] - Total R&D investment amounted to ¥80,261,682.03, representing 0.13% of operating revenue, with 349 R&D personnel[63] - The company has established a leadership and professional talent training system to enhance employee skills and support business development[157] Corporate Governance and Compliance - The independent auditor issued a standard unqualified opinion on the financial statements, confirming compliance with accounting standards[181] - The company maintains strict compliance with information disclosure regulations, ensuring transparency and fairness in its operations[164] - The company has not faced any risks of suspension from listing during the reporting period[108] - The company has no significant litigation or arbitration matters pending during the reporting period[110] Employee and Management Structure - The total number of employees in the parent company is 24,350, while the total number of employees in major subsidiaries is 33,621, resulting in a combined total of 57,971 employees[154] - The company has established a compensation system based on the "4P" payment philosophy, focusing on fairness, motivation, and competitiveness[155] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 25.738154 million[150] Future Outlook - The company aims to achieve a strategic goal of becoming one of the "Top 5 Global Dairy Companies" by focusing on quality leadership and innovation-driven business development[89] - The company plans to enhance its product structure and profitability by integrating brand resources and optimizing its supply chain to improve service levels and control costs[89] - The company is actively expanding its international business to create new growth points for revenue and profit[89] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[200]