1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Inner Mongolia Yili Industrial Group Co., Ltd.

Inner Mongolia Yili Industrial Group Co., Ltd.

600887.SS
Inner Mongolia Yili Industrial Group Co., Ltd.CN flagShanghai Stock Exchange
25.07
CNY
- -
- -
158.58BMarket Cap
Inner Mongolia Yili Industrial Group Co., Ltd.
600887.SS
(Shanghai Stock Exchange)

Recent

price

25.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.23
7.8
8.72
8.24
8.93
9.9
9.96
11.23
13.09
14.96
16.01
18.17
19.33
19.84
18.22
18.34
18.61
Revenue per Share
0.16
0.38
0.36
0.55
0.68
0.76
0.93
0.99
1.06
1.15
1.17
1.43
1.48
1.64
1.33
1.83
1.28
Basic EPS, GAAP
-0.11
-0.02
-0.14
0.39
-0.25
0.97
1.54
0.6
0.58
-0.13
0.55
1.45
1.06
1.78
2.79
1.79
-0.55
Free Cash Flow per Basic Share
0.01
0.02
0.11
0.1
0.3
0.43
0.45
0.63
0.72
0.73
0.88
0.93
1.15
1.31
1.42
1.89
1.37
Dividend per Share
0.24
0.76
1
1.33
1.8
2.6
3.02
3.33
3.6
4.05
4.39
5.04
5.33
5.94
6.07
6.23
6.01
Book Value per Share
0.85
1.17
1.39
2.66
2.93
3.15
3.65
4.08
4.59
4.06
4.76
7.72
7.01
7.48
7.87
8.18
7.95
Tangible Book Value per Share
4,758
4,803
4,815
5,795
6,095
6,094
6,088
6,061
6,075
6,029
6,050
6,087
6,372
6,359
6,356
6,320
6,330
Basic Weighted Avg Shares
29,665
37,451
41,991
47,779
54,436
60,360
60,609
68,058
79,553
90,223
96,886
110,595
123,171
126,179
115,780
115,931
117,797
Sales/Revenue/Turnover
1.9
3.93
3.93
5.28
8.47
8.31
8.56
10.48
9.41
8.86
8.58
9.21
9.1
10.45
10.75
11.78
12.01
Operating Margin (%)
607
727
897
1,123
1,423
1,724
1,553
1,425
1,597
1,884
2,306
3,284
3,933
4,287
4,471
4,579
- -
Depreciation Expense
777
1,809
1,717
3,187
4,144
4,632
5,662
6,001
6,440
6,934
7,078
8,705
9,431
10,429
8,453
11,565
8,122
Net Income, GAAP
6.78
14.23
16.81
- -
12.94
15.73
14.52
15.14
14.85
15.17
12.89
13.65
12.34
12.26
16.42
11.39
15.75
Effective Tax Rate (%)
2.62
4.83
4.09
6.67
7.61
7.67
9.34
8.82
8.09
7.69
7.31
7.87
7.66
8.26
7.3
9.98
6.9
Profit Margin (%)
-2,641
-4,138
-5,542
950
2,245
1,584
5,251
5,996
5,546
-5,726
-6,419
6,859
-706
-7,504
-23,305
-24,683
-23,849
Working Capital
60
7
5
- -
704
- -
- -
- -
- -
1,971
5,327
8,984
13,104
15,484
4,949
761
492
LT Debt
4,512
6,305
7,525
16,313
18,822
20,146
23,236
25,240
28,519
26,274
30,534
48,791
54,143
57,320
57,008
58,544
57,293
Total Equity
7.78
15.35
13.98
- -
16.51
15.5
17.58
21.14
19.98
21.29
18.65
15.21
11.75
10.95
9.3
11.1
10.1
Return on Invested Capital (%)
20.84
33.54
24.57
- -
26.84
22.54
27.84
26.36
25.26
26.01
21.01
19.97
16.23
14.04
10.37
13.72
9.08
Return on Capital (%)
101.01
75.39
40.65
51.03
44.39
34.51
33.1
31.14
30.61
29.95
27.76
30.4
29.16
29.06
22.13
29.67
21.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
45,584
50,885
55,164
LT Borrowings
4,687
2,290
201
LT Finance Leases
263
254
290
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,366
6,366
6,325
Market Capitalization
192,205
177,747
176,481

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
66,619
70,632
66,114
Cash, Cash Equivalents & STI
25,410
27,087
17,607
Accounts Receivable, Net
2,878
3,121
3,113
Inventories
10,745
9,542
9,424
Total Current Liabilities
89,925
88,184
89,963
Payables & Accruals
- -
- -
- -
ST Debt
45,584
50,885
55,164
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.41%
15.76%
2.7%
Free Cash Flow
-41.99%
45.98%
-36.34%
Net Income, GAAP
10.51%
11.96%
36.82%
Sales/Revenue/Turnover
7.02%
3.97%
0.13%
Total Cash Common Dividend
16.97%
18.16%
32.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32,577
27,338
29,125
26,740
115,780
2025
33,018
28,915
25,367
- -
115,931
2026
34,825
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
- -
- -
- -
1.33
2025
0.77
- -
- -
- -
1.83
2026
0.85
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
- -
- -
- -
1.42
2025
0.02
- -
- -
- -
1.89
2026
0.05
- -
- -
- -
- -
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Business
Inner Mongolia Yili Industrial Group Co., Ltd. is a leading Chinese dairy company specializing in the production and sale of a broad range of dairy products including liquid milk, yogurt, ice cream, cheese, infant formula, whey protein, and health drinks. The company operates an extensive network of 81 production bases and 15 research and development centers to support product innovation and quality assurance. Yili serves domestic and international markets with its products available in over 60 countries, positioning itself as one of Asia's largest and the world's top five dairy producers. Founded in 1999 and headquartered in Hohhot, Inner Mongolia, Yili Group also operates subsidiaries and holds strategic equity stakes such as a significant share in Ausnutria Dairy Corporation. In recent developments, Yili has focused on expanding its market leadership through quality enhancement, internationalization, and category growth, particularly in adult nutrition, liquid milk, and infant formula, with ambitions to increase market share above 25% in infant formula by 2026. The company has emphasized quality leadership, horizontal expansion, vertical upgrading, and deep processing as strategic pillars, while also targeting revenue growth surpassing GDP and industry averages. Significant strategic moves include a 2022 acquisition of the Chinese consumer business of Royal FrieslandCampina, a long-term strategic cooperation with Roquette to innovate in product development and food safety, and a strategic cooperation agreement with China Post to enhance integrated financial services, logistics, and market expansion. Additionally, Yili maintains a strong commitment to sustainability, aiming to reduce carbon intensity by 30% by 2030 and having invested heavily in green production technologies. The company recently announced an equity buyback worth CNY 2 billion and continues to drive growth with over 30 new product launches in 2024, including plant-based dairy alternatives, and plans for steady capital expenditures to support expansion and profitability improvement. Yili's operational focus on liquidity management, channel health, and product freshness reflects its robust financial and market positioning amid stable Chinese dairy demand trends. The company continues to invest in innovation, production upgrades, and environmental sustainability, maintaining its dominant position in China’s dairy industry and expanding its global footprint with ongoing investments and strategic partnerships across diverse dairy categories. Its leadership under Chairman Pan Gang drives growth aligned with the '15th Five-Year Plan,' positioning Yili as a major global dairy player with stable profitability and future market expansion plans.