Core Insights - The FBIF2025 Food and Beverage Innovation Forum and Exhibition was held in Shanghai, showcasing global food industry innovations and gathering industry elites [1] - Yili, a leading dairy company, emphasized its commitment to innovation and consumer-centric approaches to enhance market activity and development [1] Group 1: Innovation Strategies - Yili adheres to the philosophy of "no innovation, no future," focusing on full-chain innovation to create high-quality dairy products for consumers [2][3] - The company enhances milk production by improving the quality of feed and nutrition for dairy cows, including the addition of DHA-rich algae powder to feed, resulting in milk containing 12mg of DHA per 100ml [3] - Yili's full-chain innovation spans upstream to downstream, improving milk source construction, developing natural functional raw materials, and creating new high-quality dairy products to meet diverse consumer needs [3][4] Group 2: Product Development - Yili combines traditional Chinese medicine theories with modern dairy technology to launch functional products, such as cheese sticks for instant noodles and yogurt with a unique texture [4] - In 2024, new product revenue accounted for over 15% of Yili's total revenue, with continued focus on taste innovation, functional nutrition breakthroughs, and new consumption scenarios in 2025 [5] - Yili employs advanced processing technologies to enhance the value of dairy products, achieving over 90% retention of lactoferrin in ambient pure milk through innovative extraction techniques [5] Group 3: Market Impact - Innovation is identified as a key driver for high-quality development in the dairy industry and a core engine for boosting consumption [5] - Yili aims to provide comprehensive nutritional solutions throughout the consumer lifecycle, showcasing China's dairy quality and innovation at FBIF2025 [5] - The company plans to continue focusing on consumer needs and collaborating with partners to explore new paths for dairy development, aiming to lead the industry with superior innovative products [5]

Core Insights - In 2024, the company achieved a total revenue of 115.78 billion yuan, maintaining its position as the leading dairy company in Asia, with a net profit of 11.539 billion yuan, reflecting a year-on-year growth of 12.2% [1] - The company reported unexpected growth in both revenue and net profit in the first quarter of 2025, indicating strong operational performance [1] Business Performance - The liquid milk segment implemented various measures to navigate a complex market environment, focusing on quality as its strongest competitive advantage [3] - The company’s flagship products, such as the JinDian brand, have successfully positioned themselves in the organic market, with high-end products like JinDian active lactoferrin organic milk and JinDian Hulunbuir organic milk leading the quality upgrade [3] - The yogurt brand Anmuxi launched the world's first room-temperature active probiotic yogurt, enhancing its market share in the segment [3] - The company has partnered with Tongrentang to develop functional dairy products targeting specific consumer health needs, resulting in significant sales growth for new products [3] Market Trends - The low-temperature business segment has shown resilience, with new products like Changqing grain explosion yogurt and Gonglao colorful yogurt receiving positive market feedback, contributing to significant growth in low-temperature yogurt sales [4] - The JinDian fresh milk product has become a consumer favorite, leading to over 30% year-on-year revenue growth in the high-end low-temperature white milk category [4] - The company has successfully adjusted its inventory structure and product offerings, positioning itself for sustainable growth in the future [4] Overall Industry Position - The company’s liquid milk business generated 75.003 billion yuan in revenue in 2024, maintaining the highest market share in the industry [5] - The company’s overall performance across all product categories has established it as a leader in the industry, with rapid growth in milk powder and continued leadership in the ice cream segment [5]