On April 28, Yili (600887) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 96523963249.92 yuan, up 7.24% year on year; The net profit attributable to shareholders of listed companies was 7078176787.81 yuan, up 2.08% year on year.
During the reporting period, the net cash flow from operating activities was 9851639164.55 yuan, and the net assets attributable to shareholders of listed companies were 30383910257.46 yuan by the end of 2020.
During the reporting period, the health awareness of consumers has been continuously improved. Affected by the epidemic situation, dairy products have attracted more consumers with their unique health and nutrition attributes. The market penetration of dairy products has been continuously improved, and the overall consumption scale has continued to grow. During the reporting period, Nielsen zero research data showed that the retail sales of domestic organic dairy products, normal temperature milk and low temperature milk increased by 21.9%, 11.5% and 21.7% respectively over the same period of last year. At the same time, due to the rising demand for liquid milk, the supply of domestic milk is tight, and the purchase price of raw milk is rising, which brings greater pressure on the production cost of related dairy enterprises.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 54.415 million yuan. Pan Gang, chairman and President of the board, received a total pre tax remuneration of 21.4866 million yuan from the company, Zhao Chengxia, director, vice president and financial officer, received a total pre tax remuneration of 8.479 million yuan from the company, and Qiu Xiangmin, Secretary of the board, received a total pre tax remuneration of 625400 yuan from the company.
According to digbei.com, Yili is mainly engaged in the processing, manufacturing and sales of various dairy products and health drinks. It has a series of products including liquid milk, milk drinks, milk powder, yogurt, frozen drinks, cheese, milk fat and packaged drinking water. During the reporting period, the company’s products were mainly sold in the domestic market, and some of them were sold to overseas markets.