Yili Group (600887) H1 2025 earnings summary

Executive summary

• Achieved operating revenue of ¥61.78 billion for H1 2025, up 3.49% year-over-year; net profit attributable to shareholders was ¥7.20 billion, down 4.39% year-over-year.

• Excluding non-recurring items, net profit rose 31.78% year-over-year, reflecting strong core business performance.

• Liquid milk, milk powder, and cold drink businesses all maintained industry-leading market shares, with milk powder and cold drink segments achieving double-digit revenue growth.

• Continued product innovation and digital transformation drove new product revenue to 14.7% of total, supporting growth.

• Total main business revenue for the first half of 2025 reached RMB 61.32 billion, reflecting broad product and regional contributions.

Financial highlights

• Operating revenue: ¥61.78 billion, up 3.49% year-over-year.

• Net profit attributable to shareholders: ¥7.20 billion, down 4.39% year-over-year.

• Net profit excluding non-recurring items: ¥7.02 billion, up 31.78% year-over-year.

• Operating cash flow: ¥2.96 billion, down 44.34% year-over-year.

• Basic EPS: ¥1.14, down 3.39% year-over-year.

• Liquid milk sales amounted to RMB 36.13 billion from January to June 2025.

• Milk powder and dairy products sales reached RMB 16.58 billion.

• Cold drink product sales totaled RMB 8.23 billion.

• Other product sales contributed RMB 0.39 billion.

Outlook and guidance

• Management expects continued growth in high-value segments and further digital transformation.

• Focus remains on product innovation, supply chain efficiency, and international expansion.