Yili Group (600887) H2 2024 earnings summary

Executive summary

• Total main business revenue for 2024 reached RMB 114.12 billion, reflecting comprehensive sales across all product lines and regions.

Financial highlights

• Liquid milk revenue was RMB 75.00 billion and milk powder & dairy products revenue was RMB 29.68 billion for 2024.

• Cold drink and other product revenues contributed to the total, with all categories summing to RMB 114.12 billion.

Segment performance

• By sales model, distribution channel revenue was RMB 110.80 billion, while direct sales contributed RMB 3.32 billion.

• Regional revenue: North China RMB 32.19 billion, South China RMB 28.44 billion, Central China RMB 21.23 billion, East China RMB 17.47 billion, other regions RMB 14.78 billion.