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 Insights - In the first half of 2025, Yili achieved total revenue of 61.933 billion yuan, a year-on-year increase of 3.37%, and a net profit of 7.016 billion yuan, up 31.78% year-on-year, demonstrating stable growth despite challenges in the dairy industry [2][16] - Yili's growth is driven by maintaining a stable core business, strengthening competitive advantages, and leveraging innovation to drive new growth, serving as a practical model for the dairy industry's adjustment phase [2][16] - The company is transitioning from "scale competition" to "value competition," injecting strong momentum into the collaborative development of the industry chain [2] Business Highlights - The liquid milk segment remains Yili's core business, generating revenue of 36.126 billion yuan in the first half of the year, maintaining the industry's leading position with market share growth across various categories [2][4] - Yili's infant formula and dairy products generated revenue of 16.578 billion yuan, with the overall market share of infant formula reaching 18.1%, ranking first in China [4][6] - The non-dairy segment has also contributed to Yili's growth, with new products like jasmine tea and low-sodium mineral water driving double-digit growth in the water beverage business [7] Strategic Initiatives - Yili has established a comprehensive strategic partnership with Tongrentang to innovate in the health food sector, launching several functional products that have seen significant sales growth [9][11] - The company is exploring new business models, transitioning from selling products to providing health solutions, and extending health services to new venues such as communities and pharmacies [11] - Yili's international business continues to grow, with revenue from core categories like ice cream increasing by 14.4% and infant goat milk powder by 65.7% [13] Global Expansion - Yili's globalization strategy is characterized by multi-directional capability building, integrating global quality resources, and localizing operations to enhance brand resilience and market penetration [13][14] - The company is moving towards a model of "global co-construction," fostering local talent and building sustainable supply chains to enhance its presence in international markets [14] - Yili's achievements reflect a broader shift in the Chinese dairy industry from being a significant participant to a leader, emphasizing the importance of long-term commitment, innovative thinking, and global engagement [16]

Core Insights - In the first half of 2025, Yili achieved total revenue of 61.933 billion yuan, a year-on-year increase of 3.37%, and a net profit of 7.016 billion yuan, up 31.78% year-on-year, demonstrating stable growth amid challenges in the dairy industry [1][2][3] - Yili's growth is driven by stabilizing its core business, strengthening competitive advantages, and leveraging innovation to drive new growth, serving as a practical model for the dairy industry's adjustment period [1][2] Business Highlights - The liquid milk segment remains Yili's core business, generating revenue of 36.126 billion yuan in the first half of the year, maintaining the industry's leading position with market share growth across various categories [2][3] - Yili's milk powder and dairy products generated revenue of 16.578 billion yuan, with infant formula market share reaching 18.1%, ranking first in China, showcasing the company's strong competitive position [3][5] Innovation and New Product Development - Yili has introduced innovative products such as "Xinhua" functional milk powder and "Shuhua" lactose-free milk, achieving significant sales growth, with some products seeing over 70% increase in e-commerce channels [6][7] - The company is exploring new market segments by collaborating with Tongrentang to develop health-oriented dairy products, enhancing consumer awareness of traditional Chinese dietary concepts [6][7] Global Expansion and Market Strategy - Yili's international business continues to grow, with revenue from core categories like ice cream increasing by 14.4% and infant goat milk powder by 65.7% [7][8] - The company is adopting a multi-directional approach to globalization, focusing on local talent development and integrating into local dairy ecosystems to enhance brand resilience and market penetration [8][9] Future Outlook - Yili aims to solidify its leading position in the domestic dairy market while playing a more significant role on the global stage, contributing to the transition of the Chinese dairy industry from "scale first" to "value first" [9]

Core Viewpoint - In the first half of 2025, Yili achieved total 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%. The company's stable growth is driven by maintaining a solid foundation, strengthening core businesses, and leveraging innovation to drive new growth, serving as a practical model for the dairy industry during its adjustment period [1][2]. Business Highlights - The liquid milk business remains Yili's core segment, generating revenue of 36.126 billion yuan in the first half of the year, maintaining the industry's leading position across all categories. The company has increased market share in ambient yogurt, ambient dairy beverages, and premium white milk [4]. - Yili's milk powder and dairy products generated revenue of 16.578 billion yuan, with infant formula market share reaching 18.1%, ranking first in China. This achievement follows the company's goal set in 2021 to become the market leader in infant formula by 2025 [6][9]. - Yili's non-dairy business has also contributed to growth, with innovative products like jasmine tea and low-sodium mineral water driving double-digit growth in the water beverage segment [11]. New Explorations - Yili has partnered with Tongrentang to create a new category of health-oriented dairy products based on the concept of "food and medicine homology," launching several functional products that have seen significant sales growth [15]. - The company is exploring new channels and service innovations, including a "medical + nutrition" model to reach health-conscious consumers in various settings [17]. - Yili's international business continues to grow, with revenue from core categories like frozen beverages increasing by 14.4% and infant goat milk powder by 65.7% [19]. Strategic Outlook - Yili's global strategy is evolving from merely selling products to building local partnerships and integrating into local dairy ecosystems, enhancing brand resilience and risk management [20]. - The company's performance in the first half of 2025 reflects not only its growth but also China's transition from a participant to a leader in the global dairy industry [22]. - As the dairy industry faces multiple transformations, Yili's approach emphasizes long-term commitment to core businesses, innovative thinking, and an open stance towards global competition, positioning it to play a more significant role in the global dairy landscape [23].

Core Viewpoint - Yili Group reported strong financial performance for the first half of 2025, with revenue reaching 61.933 billion yuan, a year-on-year increase of 3.37%, and a non-net profit of 7.016 billion yuan, up 31.78%, marking a historical high for the company [1] Group 1: Business Performance - The company maintained its leading position in the dairy industry, with liquid milk and ice cream market shares remaining at the top, and significant growth in various segments, including over 20% revenue growth in low-temperature white milk and double-digit growth in ice cream, generating 8.229 billion yuan [2] - Yili's infant formula business achieved a market share of 18.1%, becoming the largest in China, completing a "grand slam" in both adult and infant formula categories [2][3] - The adult milk powder segment also saw continuous market share growth, with the "Xinhui" brand contributing to double-digit revenue growth in adult nutrition products [3] Group 2: Innovation and Digital Transformation - The company has integrated AI and digital tools into its R&D, supply chain, and marketing, significantly enhancing efficiency and reducing costs, with a 25% year-on-year increase in monthly active users in private domains [5] - Yili has received 995 domestic and international invention patents, showcasing its strong R&D capabilities, and has won multiple awards at global dairy innovation competitions [5] Group 3: Industry Leadership and Standards - Yili plays a crucial role in setting industry standards, leveraging its advanced experience in product development and quality control to elevate the entire dairy sector [6][7] - The company is actively promoting the upgrade of the dairy industry by collaborating with upstream and downstream enterprises to foster innovation and sustainability [7] Group 4: Global Expansion - Yili has established a comprehensive global presence, with 15 R&D centers and 81 production bases, selling products in over 60 countries [9] - The company's overseas business has shown rapid growth, with a 14.4% increase in ice cream revenue and a remarkable 65.7% growth in infant goat milk powder sales [9] Group 5: Policy and Market Outlook - The Chinese government has introduced supportive policies for the dairy industry, including a 1.6 billion yuan fertility subsidy plan, which aligns with Yili's strategic initiatives [10] - The per capita dairy consumption in China remains below global averages, indicating long-term growth potential for the dairy market as health awareness increases [10][11]

Core Viewpoint - Yili Group (伊利股份) reported strong financial performance for the first half of 2025, with revenue and net profit reaching historical highs, indicating its leadership in the Asian dairy industry and its role in redefining the development of Chinese dairy enterprises [2][3]. Financial Performance - The company achieved total revenue of 61.933 billion yuan, a year-on-year increase of 3.37% - The non-net profit reached 7.016 billion yuan, marking a year-on-year growth of 31.78% [2]. Market Position and Product Performance - Yili maintained its leading market share across all product categories, with significant growth in liquid milk and ice cream segments [3]. - The low-temperature white milk category saw revenue growth exceeding 20%, while the ice cream business generated revenue of 8.229 billion yuan, achieving double-digit growth [3]. - The infant formula segment reached a retail market share of 18.1%, becoming the market leader in China [4]. Innovation and Digital Transformation - The company has integrated AI and digital tools into its R&D, supply chain, and marketing, significantly enhancing efficiency and responsiveness to consumer trends [6][7]. - Yili has been awarded numerous patents and industry awards, showcasing its strong R&D capabilities and commitment to innovation [7]. Industry Leadership and Standards - Yili plays a crucial role in setting industry standards and driving technological advancements in the dairy sector, contributing to the overall modernization of the Chinese dairy industry [8][9]. - The company is actively involved in promoting sustainable development and collaboration within the dairy supply chain [9]. Global Expansion - Yili has established a global operational framework, with products sold in over 60 countries and regions, and has built 15 R&D centers and 81 production bases worldwide [10][11]. - The company reported a 14.4% increase in revenue from its ice cream business in overseas markets, and a remarkable 65.7% growth in infant goat milk powder sales [11]. Policy and Market Outlook - The Chinese government has implemented policies to boost consumption and support the dairy industry, creating a favorable environment for growth [12]. - Yili's diversified business model and continuous innovation position it well for future growth in the dairy market, which is expected to expand as consumer health awareness increases [12][13].

Core Viewpoint - Despite the ongoing adjustment period in China's dairy product consumption, Yili has demonstrated resilient growth, achieving a total revenue of 61.933 billion yuan, a year-on-year increase of 3.37%, and a net profit of 7.016 billion yuan, up 31.78%, setting a new historical high [1][3][20] Business Performance - Yili's liquid milk business generated revenue of 36.126 billion yuan, maintaining the industry's top market share. The milk powder and dairy products segment achieved revenue of 16.578 billion yuan, a 14.26% increase, also leading the market. The ice cream business reported revenue of 8.229 billion yuan, up 12.39%, securing the first position in the market [5][9][10] - The infant formula segment saw a significant breakthrough, with a retail market share of 18.1%, an increase of 1.3 percentage points year-on-year, marking Yili as the leader in the national retail market [5][7] Product Innovation and Diversification - Yili has focused on product innovation, launching new items such as "Anmuxi" yellow peach oatmeal yogurt and "Jindian" fresh pure milk, which contributed to 14.7% of total revenue [12] - The company has established a strategic partnership with Tongrentang to develop health-oriented dairy products, reflecting a commitment to meet consumer health demands [13] International Expansion - Yili's international business is accelerating, with significant growth in overseas revenue, particularly in the ice cream and infant formula segments, which saw increases of 14.4% and 65.7% respectively [18] - The company has expanded its presence in markets such as Hong Kong and Saudi Arabia, with plans to enhance its global footprint through localized operations and resource integration [19][20] Strategic Outlook - Yili aims to maintain a profit margin target of 9% for the year, indicating confidence in its growth trajectory despite market challenges [1][3] - The company is committed to further diversifying its product offerings, including health drinks and other non-dairy products, to enhance its competitive edge [14][16]

Core Insights - The report from the 16th China Dairy Conference highlights the significant advancements in China's dairy industry over the past two decades, particularly in milk source construction, yield levels, and product quality, with key indicators surpassing EU standards [1] Group 1: Industry Developments - China's dairy industry has seen continuous improvements in milk quality, with protein, fat, somatic cell counts, and total bacterial counts all exceeding EU standards [1] - The industry leader, Yili, has demonstrated superior raw milk quality, particularly in bacterial counts [1] Group 2: Technological Innovations - Yili's Chulu Ecological Smart Ranch employs fully automated management systems, including automatic feeding, milking, and waste management, ensuring optimal conditions for dairy cows [2] - The ranch utilizes a green circular economy model, converting waste into organic fertilizers for pasture cultivation, and incorporates renewable energy sources to promote sustainable practices [2] Group 3: Manufacturing Efficiency - Yili's Global Smart Manufacturing Base features advanced production technologies, including the world's largest pre-pasteurization machine and high-speed packaging systems, achieving a 20% reduction in operational costs [5] - The facility's production capacity has increased dramatically, with milk powder production scaling from 0.5 tons/hour to 10 tons/hour, representing a 20-fold efficiency improvement [5] Group 4: Research and Development - The National Dairy Technology Innovation Center, as China's only national-level platform, focuses on key research areas and has made significant breakthroughs in critical technologies, such as the extraction of lactoferrin [8] - The center's innovations have improved the retention rate of lactoferrin in milk from 10% to 90%, overcoming previous technological barriers [8] Group 5: Overall Industry Impact - The integration of ecological ranching, intelligent manufacturing, and cutting-edge research is transforming China's dairy industry into a complete, green, and sustainable value chain [9] - The rapid advancements in the industry have significantly narrowed the gap with developed dairy nations, achieving in two decades what took others over a century [9]