#记录我的2024#今年财报季At the end of the earnings season, the finale of the report card of Yili, the leading dairy industry, was released, but the performance was quite eye-catching.
1. Yili's revenue and net profit reached a new high
According to a report by Shanghai Securities News, Yili released its 2023 financial report and the first quarter of 2024. The company's total operating income in 2023 will be 126.179 billion yuan and net profit attributable to the parent company will be 10.429 billion yuan, hitting a record high and achieving steady growth for 31 consecutive years. In the first quarter of 2024, the company achieved a total operating income of 32.577 billion yuan and a net profit attributable to the parent company of 5.923 billion yuan. In 2024, the company will maintain its full-year growth target unchanged.
The company's liquid milk business will achieve an operating income of 85.54 billion yuan in 2023, and its business scale and market share will continue to rank first. Among them, the market share of room temperature white milk ranks first in the industry. With multiple advantages such as "nutrition and origin", high-end white milk has led the quality upgrade and achieved comprehensive growth, and the retail sales of Jindian organic pure milk increased by double digits year-on-year. Ambrosia leads the innovation and development of ambient yogurt, and its market share continues to rank first.
The company's low-temperature business achieved growth against the trend, among which the retail sales of Jindian fresh milk increased by 54.6% year-on-year, Changqing ranked first in the brand power of low-temperature yogurt for eight consecutive years, Changqing grain popping yogurt won praise from the market, and the sales of palace cheese increased by 37% year-on-year, ranking first in low-temperature coagulated yogurt.
The company's milk powder and milk products revenue in 2023 will be 27.598 billion yuan, a year-on-year increase of 5.09%, and the overall milk powder sales have jumped to the first place in the Chinese market. Among them, the market share of retail sales of adult milk powder increased to 23.3%, ranking first in the industry for 9 consecutive years.
Such a performance can be described as remarkable, Yili once again proved its own advantages with its own achievements, such a report card let the market see more bright colors, these highlights fully demonstrate the leading position of Yili shares in the dairy industry and the potential for sustainable development.
2. How will innovation and digital intelligence drive the future?
In the face of Yili's report card, how should we view the value of it, and how should we predict the development prospects of Yili?
First of all, steady and sustained endogenous growth has become the key foundation for Yili's development. Yili Group's performance continued to rise, with both revenue and net profit hitting record highs, which is not only a series of financial reports, but also a concentrated embodiment of the company's endogenous growth and strategic execution capabilities. From the perspective of the overall financial report, Yili's report card is not only steady, but also shows strong internal vitality and long-term growth potential. In particular, the key indicator of return on equity (ROE), Yili has been able to maintain a high level of about 20% for a long time, far exceeding the industry average, which not only demonstrates its excellent capital utilization efficiency, but also indicates that the company has the ability to continue to create value for shareholders. The increasing prominence of this long-term value fully illustrates Yili's advantages in asset utilization efficiency, cost-effective optimization and profitability, and also provides a solid foundation for its sustainable growth in the future.
Second, digital and intelligent innovation has become the core development momentum. In an in-depth analysis of the reasons behind Yili's revenue and net profit reaching a new high, we have to mention Yili's investment in technology, intelligence and digitalization, and Yili's overall financial performance is not only reflected in the growth of numbers, but more importantly, its internal driving force - relying on the development of new quality productivity brought about by the innovation of science and technology, digital intelligence. This new quality of productivity is a key factor in Yili's ability to maintain its leading position in the highly competitive dairy market.
The first is the full-chain innovation model, which solves industry problems and leads industrial innovation. The creation of the full-chain innovation model means that Yili is not only satisfied with innovating in a certain link, but has carried out in-depth research and innovation in all aspects from breeding, breeding, processing to sales. This full-chain innovation model enables Yili to master the core technology in all links to ensure the quality and safety of products. In terms of breeding, Yili independently bred the No. 1 breeding bull in China, overcoming the problem of "stuck neck" in breeding. This achievement not only enhanced Yili's own competitiveness, but also made an important contribution to the development of China's dairy industry. The quality of breeding bulls will directly affect the performance and milk quality of future generations of dairy cows, so this innovative measure is of great significance to improve the overall level of China's dairy industry.
From upstream breeding technology to downstream product development, Yili has demonstrated its scientific research strength and innovation ability in an all-round way. For example, overcoming the technical difficulties of probiotic storage at room temperature, this breakthrough not only solves the problem of storage and transportation of probiotic products, but also provides consumers with more convenient and healthy food choices. The launch of star products such as Jindian Active Lactoferrin Organic Milk and AMX Probiotic Yogurt is the fruit of this innovative model, which not only enriches the market supply, but also satisfies consumers' pursuit of a high-quality and healthy life.
The second is digital and intelligent transformation, which optimizes the whole link from milk source to market. Yili's strategy of taking digital intelligence as the starting point and continuously building superior strength has achieved remarkable results in both the milk source and the production end. At the milk source end, Yili promotes and provides Yili Smart Ranch big data analysis and application platform free of charge, which provides strong support for the intelligent feeding of dairy cows. The platform uses big data and artificial intelligence technology to monitor and analyze the feeding environment, health status, milk production and other data of dairy cows in real time, and provide scientific feeding suggestions for pastures. This not only improves the efficiency of the cows, but also ensures the quality and safety of the milk source.
On the production side, with the help of the data-driven decision-making system, Yili can quickly adjust the production plan according to the terminal order data, ensure the efficient and accurate matching of supply and demand, and greatly improve the production efficiency and response speed. This intelligent transformation of the whole chain not only reduces the cost, but also ensures the product quality and enhances the market competitiveness of Yili. At the same time, Yili has also opened up all links in the whole chain from the beginning to the end point of production and sales, and realized intelligent production. This intelligent production mode not only improves production efficiency, but also reduces production costs, bringing greater competitive advantages to Yili.
The third is driven by the digital market, co-creating products and precision marketing. Through digital transformation, Yili Group has successfully achieved data-led market-driven product innovation. The application of the intelligent insight system enables Yili to continue to carry out agile product innovation and collaborate with more than 150 million consumers online to create popular products. This innovative model not only shortens the product development cycle, but also ensures that the product is closer to the needs of consumers. For example, the launch of Jindian limited Hulunbuir organic pure milk, which is limited to milk sources, not only ensures the high quality and uniqueness of milk sources, but also meets consumers' demand for high-quality milk. Yili's "Qingmu" Red Ginseng Rejuvenating Formula combines traditional nourishing concepts with modern technology to provide consumers with more healthy choices. Shuhua Antangjian's new products that stabilize blood sugar provide professional health solutions for the needs of specific groups.
The most noteworthy thing is that Yili Group has also creatively launched China's first screw-cap freshly brewed tea - Yike Huoquan Freshly Brewed Tea. This product not only demonstrates Yili's innovation ability in the field of beverages, but also provides consumers with more convenient and healthy beverage choices. Through the patented technology of locking the fresh lid, Eke Huoquan freshly brewed tea can restore the original taste of freshly brewed tea without damage, so that consumers can enjoy high-quality tea anytime and anywhere.
It can be said that Yili's realization of the intelligent layout of factories nationwide and the comprehensive improvement of productivity through digital and intelligent empowerment are the keys to its sustainable development. The application of digital intelligence technology doubles production efficiency, which not only improves the profitability of enterprises, but also creates more market opportunities for enterprises.
In the long run, with the continuous progress of science and technology and the in-depth application of digital and intelligent technology, Yili will be able to continue to promote the improvement of productivity and efficiency, so as to maintain its leading position in the market. This continuous innovation and progress will enable Yili to be more flexible and adaptable in the face of market changes, and will also bring more growth opportunities to Yili. In addition, the application of digital intelligence technology will also help Yili to achieve optimization and innovation in supply chain management, product research and development, marketing, etc., so as to further enhance the competitiveness and market position of the enterprise. With the in-depth implementation of Yili's efforts to increase investment in scientific and technological research and development, promote digital and intelligent transformation and upgrading, and strengthen brand building and market expansion, Yili is expected to continue to maintain a steady growth trend and occupy a more important position in the global industrial chain.