当地时间10月20日至23日，由国际乳联（IDF）主办的2025世界乳业峰会在智利圣地亚哥盛大举行。本届大会以"滋养可持续的世界"为主题，汇聚全球乳制 品企业代表、专家学者及行业组织，共同探讨乳业创新与可持续发展的新方向。 作为全球规格最高、规模最大的国际乳品行业盛会，世界乳业峰会被誉为"全球乳业发展风向标"。大会期间，伊利集团全面参与峰会核心议程：伊利集团副 总裁云战友博士出席国际乳联董事会并成功连任董事，继续担任唯一来自中国的董事成员；伊利集团高级执行总裁刘春喜受邀出席《乳业可持续发展巴黎宣 言》特别工作组会议。 伊利集团副总裁云战友博士连任国际乳联董事 作为全球乳业参与度最高、影响力最大的奖项，"国际乳联（IDF）乳品创新奖"一直备受关注。今年伊利在提名阶段便收获五项提名，成为全球获得提名最 多的乳制品企业，并最终荣获两项乳品创新奖，成为全球获奖最多的乳企以及唯一获奖的中国乳企，这也是伊利连续第四年荣膺该奖项。 其中，伊利"欣活骨能膳底配方奶粉"荣获"人类营养乳制品创新奖"。安慕希"只为更蓝的海"限定环保包装荣获"乳制品包装与透明度创新奖"。"金典植物基一 体盖有机纯牛奶"荣获"乳制品包装与透明度创新奖 ...

Core Viewpoint - The dairy industry is in a mild recovery phase, but Yili Co., Ltd. has already crossed the cycle ahead of time, delivering impressive results with a revenue of 61.933 billion yuan and a net profit of 7.016 billion yuan in the first half of 2025, marking a year-on-year growth of 3.37% and 31.78% respectively [1][5] Group 1: Financial Performance - Yili's net profit excluding non-recurring items surged by 31.78%, attributed to the proactive adjustments made by the company, rather than gains from asset disposals [2][5] - The first half of 2025 marks Yili's best-ever half-year report in terms of profit quality, indicating strong operational performance [5] Group 2: Business Growth Drivers - Yili's milk powder business has emerged as a "second growth curve," contributing significantly to overall performance, with revenues of 16.578 billion yuan, a year-on-year increase of 14.26% [7][10] - The company has diversified its product matrix, which has led to balanced growth across various segments, including liquid milk, milk powder, and cold drinks [6][9] Group 3: Channel Strategy - Yili has established a robust channel strategy, focusing on both traditional and emerging channels, with a significant portion of liquid milk sales now coming from new channels [11][12] - The company has streamlined its distributor network and reduced pressure on distributors by controlling inventory and providing marketing support, resulting in a decrease in contract liabilities and cash flow pressures [11][12]

Core Viewpoint - The dairy industry is in a mild recovery phase, but Yili Group has already crossed the cycle, delivering impressive results in its half-year report for 2025 [1] Financial Performance - In the first half of 2025, Yili Group achieved operating revenue of 61.933 billion yuan, a year-on-year increase of 3.37%, and a net profit of 7.016 billion yuan, a year-on-year increase of 31.78% [5] - This half-year report is considered the best in Yili's history in terms of profit quality, with no gains from the disposal of non-current assets contributing to profits [5] Business Growth Drivers - Yili's milk powder business has become a "second growth curve," with significant revenue contributions from various product lines [9] - In the first half of 2025, Yili's liquid milk revenue was 36.126 billion yuan, maintaining its industry-leading position [6] - The milk powder and dairy products segment generated 16.578 billion yuan in revenue, growing by 14.26%, while the ice cream segment reached 8.229 billion yuan, growing by 12.39% [7] Market Position and Strategy - Yili has diversified its product matrix and strengthened its channel strategy, which includes both traditional and new channels [6][10] - The company has a market share of 18.1% in the infant formula segment, leading the market with its premium product offerings [8][9] - Yili's channel strategy includes a robust network of distributors, with the number reaching 19,923 by 2023, ensuring a strong market presence [10] Channel Development - Yili has been expanding into emerging channels such as e-commerce, membership stores, and community group buying, which now contribute significantly to its business [11] - The liquid milk business accounts for 30% of sales through these new channels, reflecting the company's adaptability to market changes [11] Future Outlook - Yili aims to achieve a profit margin target of 9% for the year and plans to provide shareholders with dividends of no less than 70% of net profit [11]