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Yili Group

#770

Rank

$25.48B

Marketcap

CN China

Country

Yili Group
Leadership team

Ms. Cheng Xia Zhao (CFO, VP, Financial Controller & Director)

Mr. Chun Hai Liu (VP)

Products/ Services
Food and Beverage, Nutrition
Number of Employees
Above 50,000
Headquarters
Hohhot, Nei Mongol, China
Established
1956
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
600887.SS
Social Media
Overview
Location
Summary

Inner Mongolia Yili Industrial Group Co., Ltd. produces and sells dairy products in China and internationally. It offers liquid milk, milk powder, yoghourt, ice cream, and cheese, as well as packaged drinking water. The company was founded in 1956 and is based in Hohhot, China.

History

In 1956, "the Cattle Breeding Team of Hohhot Huimin District" was established. In 1958, it was renamed as "the Cooperative Dairy Farm of Hohhot Huimin District", which is the predecessor of the Yili Group.

In February 1997, the Yili Group was formally established and put into production the first production line of Tetra Pak Milk. In 2008, Yili Group was involved in a food safety scandal, the 2008 Chinese milk scandal. The scandal involved melamine-contaminated milk, baby milk powder, and other milk products. The incident causes 13,000 infants to have kidney stones in China and in neighbouring countries and regions who consumed the contaminated milk products.

In 2010, the Yili Group officially released the new logos, the brand ideas and the enterprise visions. In December 2018, the Yili Group was rated as an outstanding private enterprise in Inner Mongolia Autonomous Region. Also this year, it achieved a total operating income of nearly 80 billion yuan—the best achievement in Asian Dairy Enterprises.

On 18 March 2019, the group signed an agreement to acquire 100% equity in New Zealand dairy co-operative Westland Milk Products – which was ratified by Westland shareholders on 4 July.

Mission

“Ables consumers to witness the transparent quality of Yili's products in an all-dimension manner, without the limits of time and space.”

Vision

“Providing consumers with whate they need in complete transparency.”

Key Team

Mr. Xiao Gang Wang (GM of the Information Technology Center & Director)

Mr. Xiangmin Qiu (Sec. of the Board)

Ying Zou (Financial Mang. & Head of the Accounting Department)

Mr. Zhang Zhanqiang (Assistant to the Pres)

Recognition and Awards
the 2022 Global Water Drinks Award
References
Yili Group
Leadership team

Ms. Cheng Xia Zhao (CFO, VP, Financial Controller & Director)

Mr. Chun Hai Liu (VP)

Products/ Services
Food and Beverage, Nutrition
Number of Employees
Above 50,000
Headquarters
Hohhot, Nei Mongol, China
Established
1956
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
600887.SS
Social Media