未来几年分红率水平不低于70%，分红额有望继续提升；有信心实现市场份额持续提升，巩固公司龙头地位……在10月31日召开的三季 度业绩说明会上，乳业龙头伊利股份（600887.SH）释放多重确定性利好。 最新财报数据显示，伊利股份前三季度实现营业总收入905.64亿元，同比增长1.71%；扣非归母净利润首超百亿，达101.03亿元，同比 增长18.73%，经营业绩韧性向上，势头稳健。同期，伊利股份还首次发布中期分红预案，拟派发现金红利总额为30.36亿元。 未来分红率不低于70% 更多方式回馈投资者 以稳健经营及业绩稳步增长为基础，高分红水平、高股息率一直是伊利在资本市场的标签之一。通过中期分红将经营成果及时回馈投资 者，延续了伊利重视股东回报的一贯理念和做法。 伊利表示，未来几年，公司的分红率水平希望不低于70%。而且，随着利润的不断提升，分红额也有望继续提升。未来，公司也希望继续 以灵活的方式回报股东。 针对市场关注的分红节奏问题，伊利表示："未来，公司将在保障核心业务发展资金需求、维持财务稳健性的前提下，结合盈利增长动态 调整分红规模，确保股东能持续共享企业发展红利。" 奶酪业务作为伊利的新兴增长极业务， ...

Core Viewpoint - Yili Group (600887.SH) has released multiple positive signals during its Q3 earnings presentation, indicating confidence in maintaining a market share increase and a commitment to a dividend payout ratio of no less than 70% in the coming years [2][4]. Financial Performance - In the first three quarters, Yili achieved total revenue of 90.564 billion yuan, a year-on-year increase of 1.71%. The net profit attributable to shareholders exceeded 10 billion yuan for the first time, reaching 10.103 billion yuan, with a year-on-year growth of 18.73% [2]. - Yili announced a mid-term dividend plan, proposing a total cash dividend of 3.036 billion yuan [2]. Dividend Policy - Yili aims to maintain a dividend payout ratio of at least 70% in the coming years, with expectations for continued increases in dividend amounts as profits grow [5]. - The company emphasizes a flexible approach to shareholder returns, adjusting dividend scales based on profit growth while ensuring core business funding and financial stability [5]. Business Segments Performance - Yili's liquid milk business has shown significant improvement, stabilizing market share and enhancing profitability for distributors, setting a solid foundation for future growth [7]. - The infant formula segment continues to lead the market with double-digit revenue growth, while the adult nutrition segment also outperformed the industry, maintaining a leading market share [7]. - The cheese business is emerging as a new growth driver, with both consumer and business-to-business segments showing strong performance, expecting double-digit growth for the year [8]. Strategic Outlook - Yili's new five-year plan focuses on high-quality growth, with expectations for double-digit growth in the milk powder, cheese, and ice cream segments, contributing to overall revenue growth [10]. - The company aims to improve gross margins and sales expense ratios while maintaining a net profit margin target of 9% for the year [10]. - Yili plans to leverage industry opportunities through product innovation and expansion of distribution channels, reinforcing its competitive advantage in the market [10][11].