Yili holds 2019 annual meeting
The 2019 annual meeting of Chinese dairy giant Yili Industrial Group was held in Sanya, Hainan province, Jan 10. Pan Gang, president of Yili Group, attended the meeting.
At the meeting, Yili gave 125 awards to employees who contributed significantly to the company over the past year.
The company also honored business partners with outstanding performance with more than 1,000 awards focused on marketing innovation, terminal construction and other areas.
Yili has unswervingly stuck to the road of high-quality development and worked hard to tackle bottlenecks in the development of China's dairy industry.
In the first three quarters of 2019, Yili's total operating income reached 68.68 billion yuan ($9.97 billion), and is expected to exceed 90 billion yuan for the whole year.
According to Kantar Insights, a world’s leading data, insights and consulting company, Yili’s brand penetration rate is as high as 90.9 percent, which means that more than 90 percent of households nationwide choose Yili products, becoming the most chosen dairy brand in China.
One of Yili's products, Ambrosial yoghurt, achieved sales worth more than 20 billion yuan in 2019, with a market share of up to 60 percent
An intelligent demonstration applications project was initiated by Yili and the Hulun Buir government in northeastern Inner Mongolia autonomous region Nov 24, which is expected to attract investment of 2 billion yuan and provide 60,000 jobs.
At the same time, Yili has also been pushing forward three major industrial cluster projects in Hulunbuir, Bayan Nur and Hinggan League. Together they will contribute nearly 400 billion yuan to the local dairy industrial chain, and provide 120,000 jobs.
As early as 2017, Yili agreed to take on the social responsibility of building the World Integrally Sharing Health Development System.
It had acquired Westland Cooperative Dairy Company Limited, the second-largest dairy company in New Zealand, which is expected to help Yili strengthen its global production capacity and increase cooperation along the global dairy value chain.
The dairy giant has also built the Oceania Dairy Production Center, one of the world's largest dairy centers, and signed a strategic partnership agreement with Lincoln University of New Zealand to set up its Oceania Research and Development Center.
In June 2019, Oceania Dairy received a cross-border investment award from the New Zealand-China Trade Association (NZCTA).
Pan Gang, president of Chinese dairy giant Yili Industrial Group, attended the 2019 annual meeting of the company held in Sanya, Hainan province, Jan 10. [Photo provided to chinadaily.com.cn]