Yili ranks among the top 5 global dairy companies in a list released by Rabobank. [Photo provided to chinadaily.com.cn]

Yili Group, the Chinese dairy giant, has been solidifying its position in the global dairy industry and maintaining its dominance in the Asian market for 10 consecutive years. According to the 2023 Global Top 20 Dairy Companies list released by Rabobank on Aug 29, Yili has secured a spot in the top five global dairy companies and has once again become the only Chinese dairy enterprise to enter the global top five.

The Global Top 20 Dairy Companies list is a prestigious ranking based on major dairy companies' sales data and financial reports worldwide.

Amidst the complex global economic environment, Yili has consistently expanded its leadership position by adhering to high targets and leveraging its competitive advantage across the entire industry chain. Yili has achieved sustainable revenue growth for 30 consecutive years, with its total revenue increasing from 47.78 billion yuan ($6.55 billion) in 2013 to 123.17 billion yuan in 2022, representing a compound annual growth rate of 11 percent. This growth rate is double the industry average and has firmly secured Yili's position among the top five global dairy companies and Asia's leading dairy company.

Yili records semi-year operating income of 66.2 billion yuan. [Photo provided to chinadaily.com.cn]

This recognition from an internationally renowned evaluation agency comes shortly after Yili's four consecutive championships in Brand Finance's Global Top 50 Most Valuable Dairy Brands list announced on Aug 22. Yili's continuous success highlights its commitment to excellence and ability to adapt to the ever-evolving market conditions.

As Yili continues to consolidate its position among the global industry leaders, it is expected to further contribute to the development and innovation of the dairy industry, both domestically and internationally. With its unwavering commitment to quality and consumer trust, Yili will undoubtedly build on its achievements and reach greater heights in the global dairy market.