YILI(SH:600887) Hua Xia Shi Bao·2025-07-14 06:21Core Insights - The Chinese dairy industry has made significant advancements over the past 20 years, closing the gap with developed countries and achieving world-class quality standards in key metrics such as protein, fat, and bacterial counts [1][3][15] - The report presented at the conference highlights the transformation of the Chinese dairy sector from a laggard to a leader, emphasizing the role of leading enterprises in driving this change [3][6][13] Industry Development - The average milk yield per cow in China has dramatically improved, reaching levels comparable to those in the United States, with projections indicating that by 2024, large-scale farms will achieve an average yield of over 10 tons per cow [5][6] - Key indicators such as protein and fat content in milk produced by large-scale farms now meet or exceed EU standards, showcasing the industry's commitment to quality [6][9] Quality Assurance - The quality of Chinese milk has become a hallmark of the industry, with rigorous monitoring systems in place that ensure safety and quality, including comprehensive testing of fresh milk for 17 consecutive years [9][10] - The bacterial count in milk from leading companies like Yili has achieved groundbreaking results, with averages significantly below the EU standard, indicating superior management and hygiene practices [10][15] Consumer Confidence - There has been a notable shift in consumer perception of Chinese milk, moving from skepticism to confidence, as evidenced by a significant increase in per capita dairy consumption, which has risen to 40.5 kg in 2024 from just 0.4 kg in 1949 [11][12] - The diversification of dairy products available in China, including cheese and butter, reflects changing consumer preferences and a growing acceptance of domestic dairy products [12] Future Outlook - Industry leaders, such as Yili, are committed to maintaining high-quality development and further enhancing consumer trust in Chinese dairy products, positioning the industry for continued growth and innovation [13][15]