Yili Group is currently flying high. It posted an operating income of 123.2 billion yuan in 2022, up 11.37 percent. [Photo provided to en.hhhtnews.com]

Chinese dairy giant Inner Mongolia Yili Industrial Group Co – based in Hohhot, the capital of North China's Inner Mongolia region, has released its 2022 annual report showcasing robust financial results on April 27. The company reported an operating income of 123.2 billion yuan ($17.82 billion) in 2022, which reflects a significant year-on-year increase of 11.37 percent.

This is a remarkable feat, as the operating income has been continuously growing for 30 consecutive years.

The company, known as Yili Group, also posted a net profit of 9.43 billion yuan, representing a year-on-year increase of 9.34 percent, according to the report.

Yili's liquid milk products continue to lead the way in terms of sales scale and market share. [Photo provided to en.hhhtnews.com]

Additionally, Yili Group's Q1 2023 report, which was released on the same day as the annual report, demonstrated that the company had achieved a total operating income of 33.44 billion yuan in the first quarter, marking a 7.71 percent increase compared to the same period last year. Yili Group's net profit in Q1 also rose by 2.73 percent, reaching 3.62 billion yuan.

Yili Group's impressive financial results in 2022 and Q1 2023 demonstrate its strong position in the market as the company continues to innovate and offer high-quality dairy products and services to its customers.

As a leading dairy company in China, Yili Group has capitalized on its high-quality international resources and promoted the development of the industry comprehensively.

The company's liquid milk business generated a revenue of 84.93 billion yuan in 2022, ranking first in terms of sales volume and market share, with steady growth across all sub-categories.

Additionally, the milk powder and dairy products business achieved revenue of 26.26 billion yuan, reflecting a year-on-year increase of 62.01 percent in 2022.

The growth rate of milk powder and cheese continues to rank first in the industry. [Photo provided to en.hhhtnews.com]